Possibility strong Break out/down with Up to 50%NSE:HEXATRADEX It appears to be a strong consolidation. Entry at 182 is possible, with the first target T1 at 240 (30%) and a second target T2 at 310 (70%). Set a stop loss at 165 (-8%).
HEXATRADEX trade ideas
Hexatradex- Hourly Just above 300 ema apna, testing- Balaji (SUPHourly Just above 300 ema apna, testing- Balaji (SUPER No Change Required + EMA )
1) Retesting Done
2) about to FLY strongly
HEXATRADEX's Chart: Support, DivergenceIn this analysis, we will examine HEXATRADEX's weekly chart, focusing on the support of the rising trendline and the clear divergence at RSI. We will assess the potential trading opportunity for HEXATRADEX based on these technical signals. Let's delve into the analysis.
Chart Analysis:
The TradingView chart for HEXATRADEX presents crucial technical aspects that could impact the stock's price movement.
Support of Rising Trendline:
HEXATRADEX's weekly chart displays a notable support level formed by the rising trendline. This support signifies a potential area where buying interest might emerge, potentially leading to an upward price movement.
Clear Divergence at RSI:
The chart reveals a clear divergence at the Relative Strength Index (RSI), which indicates a possible disconnect between the stock's price and its momentum. This divergence often serves as a potential signal for a reversal in price direction.
Trading Opportunity and Target:
Given the support of the rising trendline and the observed RSI divergence, an intriguing trading opportunity could be unfolding for HEXATRADEX. Traders could consider initiating a long position at the current market price (CMP) of ₹147.5. The suggested stop loss at ₹140 aims to manage potential risks associated with the trade.
The target for this trade is set at ₹169, which offers a potential price target for traders. This level aligns with the possibility of a price movement following the observed technical signals.
Conclusion:
The technical analysis of HEXATRADEX's weekly chart suggests a potentially bullish scenario for the stock. The support of the rising trendline and the clear divergence at RSI highlight potential upward momentum. Traders might contemplate entering a long position at the CMP of ₹147.5, with a stop loss set at ₹140 and a target at ₹169.
As with any trading decision, exercise caution, conduct thorough research, and consult with a financial advisor. Moreover, closely monitoring the stock's price action and implementing effective risk management strategies are crucial components of successful trading.
HEXATRADEX :Flag & PollHEXATRADEX :Flag & Poll
Wait if gap up open & sustain today.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Hammer in the daily chart,Rsi bullish divergence.Go longA hammer after a fall at the major support and rsi bullish divergence suggests a strong up move for the short term.Go long with the above mentioned target and stoploss.
HEXATRADEX: SUPPORT AND RESISTANCE FOR WEDNESDAY(12.08.2020)One of best stocks for WEDNESDAY. I give you four levels (highlighted by yellow colour). Use these levels as a support and resistance levels for today. As you can see the lowest level I mentioned that is 12.65 and if any one take a buy order in that level then he/she gained almost 100% ...!! NSE:HEXATRADEX
*** Disclaimer:
Here I only share the result of my analysis and I suggest you to before taking any trade do your own analysis.
I'm here not to influence anyone to take any trade. Use my chart as a advice, but before doing any investment do your own analysis.
HEXATRADEXHexatradex on Verge of Monthly Breakout from Rounding Bottom Pattern.
Keep an eye on this stock.
Breakout target 60 and then more.
