Marine ElectricalA nice cup and handle formation on the larger time frame.
The handle seems to have completed itself.
A breakout is expected.
Targets are mentioned in green.
MARINE trade ideas
Key Technical Levels and Analysis for the Next few DaysI am sharing my analysis of key levels for these stocks. Please note that they may not be accurate, as I am still learning.
MARINE ELECTRICALS SWING IDEA - LONGMarine Electrical is currently trading at 71.
It is trading above its weekly 50 & 200 EMA.
Monthly and weekly Chart clearly shows cup pattern with higher high's and volume support.
A good up movement is expected with minor corrections in between.
Important levels
Immediate support 65-55
Targets 78 - 90 -115 respectively
For more such free swing ideas - a follow would be helpful.
#marine 5% upper circuit..keeping it for LTPF#marine the chart is simple and clear already 10% up keeping it for LTPF.
Rounding bottom pattern breakoutThe stock has recently broken out of a rounding bottom pattern, and this breakout is characterized by notable volume accumulation during the formation of the pattern. If the stock manages to sustain these breakout levels, it could potentially lead to favorable returns. The combination of a rounding bottom breakout with good volume support is considered a positive sign by traders and investors, suggesting the potential for a sustained upward movement in the stock.
Marine electric Potential cup and handle formation expected
If does then this is heading for 100 120
"MARINE: Navigating Upward Waves with a 1:2.25 Risk-Reward Ratio
Description:
📈 MARINE: Seizing the Momentum with a Favorable Risk-Reward Ratio! 🚀
Get ready to ride the waves of opportunity with MARINE, a stock that's currently on an upward trajectory. Here's why this trade setup deserves your attention:
Key Points:
📊 Entry Price (in Rupees): Consider entering the trade at Rs 60.00, positioning yourself for potential gains as MARINE continues its upward journey.
❌ Stop Loss (in Rupees): Safeguard your investment with a stop loss at Rs 48.00. This level acts as a critical safety net in case the trade doesn't unfold as expected.
🎯 Target Price (in Rupees): Our target is set at Rs 90.00, reflecting a significant potential upside. This is where you may contemplate taking profits.
🕒 Trade Duration: Plan to hold this trade for 45 to 90 days, providing the flexibility needed to capture potential gains.
📈 Risk-Reward Ratio: The risk-to-reward ratio for this trade is approximately 1:2.25. For every unit of risk, there's a potential reward of 2.25 units, resulting in a risk-reward ratio of "1:2.25."
🚀 Trade Strategy: Stay confident as MARINE continues its strong uptrend. Keep your stop loss intact and consider trailing it periodically to secure gains as the stock progresses.
📉 Correction from Highs: MARINE has experienced a healthy correction, with a nearly 19% pullback from its higher levels, creating an attractive entry opportunity.
📊 Trading on Support: The stock is currently trading on a supportive level, with today's daily candle indicating a bounce back, even though volume activity is lower.
💰 Favorable Risk to Reward: This trade presents a favorable risk-to-reward ratio, allowing you to aim for higher rewards while diligently managing risk.
This trade idea offers a comprehensive plan, complete with a calculated risk-to-reward assessment. Embrace the opportunity presented by MARINE's upward momentum with confidence and aim for potential gains. Happy trading!
(Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
Marine Electricals LongMarine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. The Co. is engaged in manufacturing and sale of all types of marine and industrial electrical & electronic components like switch-gears, control-gears etc. It is also engaged in the renewable energy sector, specifically solar. It also provides services like designing, fabricating etc. for all types of electrical & electronic installations in India and abroad and undertake annual maintenance contracts.
With the Indian economy growing at over 7% and govt increased focus on the defence sector and indigenous technologies, Marine Electricals is poised to see dramatic growth which caters to marine electricals segment be it be Indian navy or commercial ships.
Currently, the charts look good. It's working between a parallel channel. I expect this consolidation will continue for some time when finally the break out would happen and it has the potential to fly to moon.
Marine Electricals Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. The Co. is engaged in manufacturing and sale of all types of marine and industrial electrical & electronic components like switch-gears, control-gears etc. It is also engaged in the renewable energy sector, specifically solar. It also provides services like designing, fabricating etc. for all types of electrical & electronic installations in India and abroad and undertake annual maintenance contracts.
With the Indian economy growing at over 7% and govt increased focus on the defence sector and indigenous technologies, Marine Electricals is poised to see dramatic growth which caters to marine electricals segment be it be Indian navy or commercial ships.
Currently, the charts look good. It's working between a parallel channel. I expect this consolidation will continue for some time when finally the break out would happen and it has the potential to fly to moon.
MARINE --- heading towards all time high of 90 and more NSE:MARINE viewpoint
the stock has given good breakout on weekly time frame sometime back around 45 levels
cmp is 63
moving towards all time high of 90 and more
this analysis is for knowledge sharing and educational purpose .
this post is not a buy or sell recommendation.
Marine Electricals (India) Ltd - Long Setup, Move is ON...#MARINE trading above Resistance of 65
Next Resistance is at 76
Support is at 50
Here is previous chart:
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 registered. Please consult your financial advisor before taking any trade.
Breakout in Marine Electricals (India) Ltd...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 taking any trade.
MARINE ELECTRICALS-- What company do - The company provides solution in Low Voltage, Medium Voltage and Industrial Automation (Source -Finology)
-- Time Frame - Daily
-- Study - Volume analysis on seller circuit day and prediction of the next day
Stock after announcing flat results had 2 seller circuit, in which retailers try to exit because before few days of result stock had a good rally.
This chart is only for educational purpose. Do your own study before taking any trades
MARINE ELECTRICAL LOOKING GOOD TO ENTERMARINE ELECTRICAL
CMP : 53
DISCLAIMER - We are not a SEBI Registered Advisors. This channel is purely for Educational purposes only. We will not be responsible for your profit and loss.
MARINE Daily looking bullishMARINE Daily has trendline breakout, good to buy at 40 for target of 67 with sl below 34
MARINE Daily looking bullishMarine Daily have TLBO with 200 ema support.
Also it made double bottom
Good to buy at 35.25 for target of 45.70 and 88
sl 27.80
Marine Electricals looks bullish now 40Marine Electricals looks bullish from current levels of 40 SL 25
Momentum move is supported with good volume
PS: Penny and news based stock
Chart Analysis of Marine (15 Dec 2021)Looks like a clear trend reversal in this stock.
Huge buying volumes.
I still prefer to wait for weekly closing as that will be clear evidence of
Super trend finally turning green.
Targets : Open
Only for educational purpose. Not a reccomendation.
Marine Electricals Hidden GemMarine Electricals Hidden Gem poised to break two falling wedges and made a double bottom.
target can be 40-65 in the coming days.
All time Low Struggle (Peak SUPPORT Possible)Inverted FLAG & POLE pattern.
Double Bottom Pattern.
If this area acts as a support, then news are good and this can give 10% profit on an intraday and more than 50% in 2 months.
New is good, Tie up in business with ADANI, Newspaper, etc.
MARINE ELECTRICAL TREND REVERSALThis stock is technically too weak almost near its all time low. The stock marine electrical is putting no more lower lows from a harmonic bullish bat pattern which is sign of trend reversal . Other confirmations can be a trend line breakout and higher highs higher lows formation
If anyones looking for a high rewarding low risk stock but rate of sucess is too low then this is the one to watch out for.
Expecting targets of 50% with a risk (stop loss) of 5%-6% RR of 1:10
Great setup for me to be truthfull . Ready to risk 5% for big targets
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