This is the analysis of BLKASHYAP in the Daily Time Frame. Watch carefully. The chart explains itself.
If it sustains above the resistance level, it is good for the stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your...
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
#BLKASHYAP trading above Resistance of 73
Next Resistance is at 114
Support is at 57
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only....
FOR LEARNING PURPOSE
B.L. KASHYAP & SON- I am going to buy this stock tomorrow.
Reason- This stock is showing great strength
Its at its 15 year high
Coming out from a good consolidation with good volume
Has some insane buying strength in its past
I am planning to buy it for minimum 35-40% gain and then I will trail
My initial SL is marked on the charts.
BLKashyap is coming out of 15 year long consolidation. Gave breakout with huge volume and 3 month long consolidation. Box breakout done. Closing above 78 will open the gate for more than 70% up move. Lets study this script and understand its behaviour.
B L Kashyap & Sons-Dad (monthly) and Sons(Weekly & Daily) in box. The weekly and daily box cannot be seen in the chart since its so small. Both dad and sons will be breaking out soon for higher targets as mentioned in the chart.
Team Stocks-n-Trends
BLKASHUAP is near this 15 yrs breakout.
Although we may have to wait it out for few more weeks but as majority of stocks have already given massive move, its better to look for stocks have good RR.
This may move little up & down for next few weeks before it gives actual strong monthly closing above breakout level.
Looks strong above 72
This is for education...
Trade Idea: Long
Asset : BLKASHYAP - NSE
Timeframe : Weekly and Daily
Sector Outlook : Bullish for the Coming Season/Cycle
Market Context:
The Nifty Small Cap Index is currently holding onto demand and remains in an uptrend, providing additional market support for small-cap stocks.
Technical Analysis:
Weekly Timeframe: The price on the weekly...
B l kashyap-
on the verge of breakout above 72 of 6 years of cup pattern on weekly chart.
Continuous in up trend with good volume since last 3 months. RSI AND RS ARE BULLISH.
BUY ABOVE 72-73
SL 63
TGT 90-114-140
This is for learning purpose & not recommended for buy or sell
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
BUY - B.L. KASHYAP & SON
CMP - Rs. 49
Target - 1: Rs. 80
Target - 2: Rs. 115
Target - 3: Rs. 145
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Timeframe - 6 months - 2 years
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
