Elgi Equipments LimitedElgi Equipments Limited Entry Price 488 Exit Price 460 Target Price 580Longby Intekhab-Alam0
Elgi equipment.. Bullish viewIt's my personal view. This is for educational purpose only. This is not buying or selling recomendations. I am not sebi registered. Please consult your financial advisor before taking any trade. ThankyouLongby DeepakNarwal446
#Elgi Equipment#Elgi Equipment Again, near to breakout area Good opportunity above if price closed above. 426 with small SL-385 CMP:412 @ 12 Jan 2023Longby Harmonic_Pattrens0
Strong Fundamental cos on supportFollowing Points may be considered for your analysis 1. Strong Fundamentals 2. Near Rock bottom support 3. small risk for big reward Best RR Ratio 4. Bullish trend reversal candle near support.Longby PankajPatidar_chartCorner4
ELGIEQUIP has a target of 611stock is at the start of CD leg of butterfly pattern....target 611Longby Nattyshotstocks0
elgieuip about to burstentered at 500 brn. with around 2 % sl. volume is relatively low but expect it to rise eventuallyLongby sinless_blokeUpdated 221
AXIS BANK - DAY CHART - 08.12.2022 - BAHAVAN CAPITALAXIS BANK as per day chart analysis Stock ABOVE 943 TARGET 953 FII Net selling at 1131.67 Cr and DII Net Buying at 772.29 Cr. As such FII are in selling mode and need to wait watch for next week. Had Posted on 07.12.2022 for the stocks HIKAL, FACT, GUJARAT AMBUJA EXPORTS, GOKUL AGRO RESOURCES & ITC and among these ITC never went to our entry price and rest all stocks have HIT the TARGET. Iam glad most of the targets had showed good movement. Happy Profitable trading to all...by UnknownUnicorn196085720
Divergence Cheat Sheet / Types of DivergenceWhat is divergence? Divergence is a method used in technical analysis when the direction of a technical indicator, usually some form of oscillator ‘diverges’ from the overall price trend. In other words, the indicator starts moving in the opposite direction to the price and the trading oscillator signals a possible trend reversal. Once divergence appears, there is a higher chance of a reversal, especially if divergence appears on a higher time frame. Oscillator indicator for divergence patterns is Weis Wave Volume, macd, the RSI, CCI, or stochastic OBV. Types of divergences There are 4 types of divergence, which are broadly classified into two categories: 1) Regular or Classic Divergence 2) Hidden Divergence With each of these two categories, you have a bullish or a bearish divergence. Therefore, the four types of divergences are summarized as: 1) Regular Bullish Divergence 2) Regular Bearish Divergence 3) Hidden Bullish Divergence 4) Hidden Bearish Divergence Divergence patterns indicate that a reversal is coming soon and becoming more likely but this is not an instant change. The more divergence there is visible, the more likely a reversal does become. Here are some guidelines: The entry can not be taken on the basis of divergence indicator alone. It’s best if a trader mixes the divergence indicator pattern with their strategy. Use Higher time Frames.Educationby AfnanTAjuddinUpdated 2222273
Volume price analysis & Volume Divergence Cheat sheetWhat makes volume price analysis so crucial? Volume and price analysis play a major role in trading and investing. Volume analysis helps traders and investors identify whether there is significant interest in a particular security. It also helps to identify potential buying and selling pressure, which can be useful in predicting future price movements. Price analysis helps to identify trends and price patterns, which can be useful in making trading and investing decisions. Volume and price analysis are important tools that can be used to spot trading opportunities and make sound decisions. 2 important things to keep in mind when analysing volume: 1. An increase in volume shows that market players are eager to participate in the developing market activity and want to see the price move higher in an uptrend or lower in a downtrend and are willing to buy higher in an uptrend or sell lower in a downtrend. 2. A drop in volume shows that traders are less interested in seeing prices rise in an uptrend or fall in a downtrend and are more eager to purchase lower in an upswing and sell higher in a downtrend. Volume Divergence: It is essential to check whether price and volume patterns are similar when comparing them. In that case, there is a good chance that the trend will continue. A volume divergence occurs when price and volume diverge, which indicates that the underlying trend may not be as strong. According to my observations, whenever a stock is trading at a high volume, it seems to strongly trend either upward or downward. Here are some important concepts in volume price analysis: 1.When the price of a stock rises with increased volume, it indicates that the bull trend is stronger and buyers are interested, and this is a trend continuation signal. 2. If the stock price rises but volume decreases, it indicates that the bull trend is weakening and may reverse, and buyers are not interested. Price and volume divergence suggest a trend reversal. 3. If the price is falling while the volume is increasing, it indicates that the bearish trend is quite strong and sellers are active. 4. if the price is falling and the volume is decreasing, it indicates that the bearish trend is weakening and will soon reverse, signifying divergence between price and volume and a trend reversal. Educationby AfnanTAjuddin1313101
ELGIEQUIP | Good for Long NSE:ELGIEQUIP Reason for Trade : Daily / Weekly BO Cmp : 474.5 Entry : Cmp or near 457 Stop Loss: According to one's Risk Reward ratio #Study, Learn & Earn. If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead. Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any actionLongby Art_of_charting_KnowledgeUpdated 4
ELGI EQUIPMENTS - 26.10.22 - BAHAVAN CAPITAL - CLOSE to TARGETELGI EQUIPMENTS posted on 21.10.22 Above 506 for Target 535 and as on 25.10.22 it closed at 524.80 after a high of 531 and on next session it should hit Target. Happy Profitable Trading to all....by UnknownUnicorn196085721
ELGI EQUIPMENTS DAY CHART - 21.10.22 - BAHAVAN CAPITALELGI EQUIPMENTS as per day chart Above 506 then Target 535 Advance Diwali Wishes Happy Trading to All..by UnknownUnicorn196085720
Awaiting a good breakout?Looks like this would be a good pullback after the recent highs, again planning to move upwards. Get ready to enjoy the bull run. Enter above 452 if the level sustains. Price action levels explained in the chart. Do your own analysis too and share your views.. Longby karthikbalasubramanian0
FOR LEARNING PURPOSE ONLYHello Traders Stock is looking good at great support level. Good R:R ratio can be taken into picture. Retesting the early supply zone now acting as support or demand zone. Thank youLongby Bhalotiya4
ELGI EQUIPMENTS LTD ELGI EQUIPMENTS LTD For Educational purposes only SUPPORT RESISTANCE Shortby LR_RAJSharma3
How to Find Pattern Targets correctlyHow to Find Pattern Targets correctly. Many people miss the basic points while calculating target from patterns as per text books. I have explained how to calculate targets and how i do it for myself.Education07:53by StockEngineers77274
Trendline BreakoutToday I picked ELGIEQUIP because, it broken trendline resistance on closing basis. The following factors are considered by me for picking this. 1. Recent Continous Good Number of Volumes 2. Trendline Breakout For BTST trades Keep profit as 2% - 3% Keep SL and Target profits mentioned on the chart for short term swing trades. Please consider these for educational purposesLongby Breakout-IdeasUpdated 2
BULLISH on ELGIEQUIP (Positional)NSE:ELGIEQUIP There is Cup and Handle pattern in this stock. The has already given the breakout and is sustaining above the support level. The prices are trading above the Moving averages which shows Bullishness. The RSI is above 50 which shows good momentum. There is also a good volume in the past trading sessions. The Target here is 683 level which the depth of the Cup and the SL is 350 level which is depth of the handle. It is my positional view from 1 month to 6 months. Disclaimer : This is own view and analysis. This is for educational purposes. This not a recommendation, call or a Tip.Longby Kunal-BattuUpdated 0
ELGIEQUIP - Ichimoku Bullish Breakout 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 502 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis. Longby nikunjbhadja1
SUPPORT RESISTANCE OF THE SHAREThe very simple and powerful concept of trading is the Support and resistance is corelated with each other, if once resistance breackout after he acts like a support, this example you can see in the chart and verious charts. After lots of charts same pattern followby Anuragsahu0011
ELGIEQUIP - Potential BreakoutELGI EQUIPMENT LTD - ELGIEQUIP Resting at 7-month resistance turned support. Strong break with huge volume, can expect an up-move of 22%. Entry - 465 - 454 SL - 418 Target - 572 ( Based on Fib Extension ) Only for Educational purposes.Longby NiftyBreakouts2
ELGIEQUIP - Ichimoku Bullish Breakout Stock Name - Elgi Equipments Limited 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 470. #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis. Longby nikunjbhadja1