Chart patterns are the most loved trading strategy among traders. There are different kind of patterns traded in stock market. One of which is inverse head and shoulder - a trend reversal pattern. Upon formation of this pattern the stock trend get reversed. Generally if the stock is in consolidation phase then this pattern is seen.
Now here I have observed...
as said in my previous post regarding buying oppurtunity in this stock.
Anupam Rasayan signs Rs 507-cr Letter of Intent with Japanese firm. this has a potential of giving decent returns in few days/week.
This is a fundamentally and technically good stock has a buying oppurtunity.
i usually invest in such stocks where it hits all time high and then consolidates in a down trend. in such cases stocks perform very well and also there is a plus point if we invest in a stock which is in downtrend we have an oppurtunity
1) oppurtunity to buy at discounted price
2) you...
Entry active
Redline line = SL
Bluelines (2) = Probabilities
Trail SL after first blueline.
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Following your passion and hobbies is really good for overall wellbeing.
Whether you can turn that into your carrier is a total different thing.
#Trading for a Living.
📊 Details
Anupam Rasayan India Ltd is engaged in manufacturing of specialty chemicals, which are sold in local as well as exported to other countries.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and...
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion...
ANURAS:- A falling parallel channel pattern has formed, if the price sustains at 1035.95, we may see an upside move.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other...
Good chart structure
Can buy above yesterday's high i.e. 1132
Targets 1145/1200
Stop loss 1100
I am just representing my views
For educational purpose only.
#ANURAS trading above Resistance of 1107
Next Resistance is at 1454
Support is at 893
Volume is also on rise as the stock is moving up.
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI...
support and resistance they play a truly crucial role in trading
If you want to trade like a pro, there's something you should know:
Support and resistance, they're the stars of the show!
this can be understood from the below:-
Support is like a floor, it holds prices up high,
Resistance is a ceiling, prices can't seem to fly.
When prices hit support, they tend...
Stock Name - Anupam Rasayan India Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 892
#This is not Buy and Sell recommendation to any one. This is for...
Key Points:
- On daily TF this stock showing strong momentum after a long consolidation zone
- RSI crossed 80 and above RSI MA
- All EMA crossed and good potential of up-move
- Volume > MA
- Trend breakout
In Gujarati we say “ Bhav ej Bhagwan chhe ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any...
