NAVKARCORP trade ideas
A Breakout in Navkar CorpNavkar Corp closed in the green with good volumes. The buyers are in control after consolidation of previous two trading sessions. Last two trading sessions have indicated bullishness.
NAVKAR CORP. PROJECTIONNAVKAR CORPORATION 1D Timeframe Projection.
Daily and Weekly trends are Bullish.
DISCLAIMER: All labeling and wave counts are done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't be bias, hope on my trade plans...try to learn, and make your strategy... Following is not that easy...
Navkarcorp - Ready for big run.Navkar is outperforming the market. while there is selling on market this stock is up 10%. new targets are marked on chart.
NAVKARCORP - Ichimoku Breakout📈 Stock Name - Navkar Corporation Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 131.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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NAVKAR_CORP CUP & HANDLE BREAKOUT ?cmp 60
Strong resistance 70
above it bullish moves possible up till---
Breakout Targets-- 100 / 130 / 155 / 180
1) Formation of cup and handle pattern.
2) moving in parallel channel
3) Following trendline support
4) Rejected breakout around June--July 2022
5) Breakout expected now above 70
6) value addition
7) Good Company
Regards..
Keshav..
01/10/2023
Disclaimer. I am not a SEBI registered advisor. All views shared on this channel and group are my personal opinions shared for educational purposes .. Good Luck 😉
Rounding Bottom Pattern noticed in Navkar Corp### Rounding Bottom Pattern:
1. **Pattern Identification**:
- The chart clearly shows a rounding bottom pattern, characterized by a long, gradual decline in price followed by a slow and steady rise, forming a "U" shape.
- This pattern suggests a reversal of the prior downtrend and typically indicates a bullish reversal.
### Key Levels:
1. **Support and Resistance**:
- **Resistance Level**: Around 116 INR, which the price has recently tested and is attempting to break above.
- **Support Level**: Previous support levels can be identified around 89.45 INR, which also aligns with a previous low.
2. **Trend Lines**:
- The green trend lines form a rising channel, showing the long-term upward trend.
- The price is currently near the upper boundary of this channel, indicating a potential breakout or a pullback.
### Volume Analysis:
- Volume has increased during the latter part of the rounding bottom, especially as the price approaches the resistance level, confirming the pattern and suggesting that the breakout could be supported by strong buying interest.
### RSI (Relative Strength Index):
- The RSI is at 60.68, suggesting bullish momentum. It is not yet in the overbought territory, indicating there might be more room for the price to rise.
### Price Projection:
- Based on the rounding bottom pattern, if the price breaks above the 116 INR resistance level convincingly, the next target could be projected by measuring the depth of the rounding bottom from the lowest point (around 70 INR) to the resistance level (116 INR), which is 46 INR.
- Adding this depth to the breakout point gives a target of approximately 162 INR (116 + 46).
### Conclusion:
- **Current Price**: 113.16 INR.
- **Pattern**: Rounding bottom, suggesting a bullish reversal.
- **Resistance Breakout**: A break above 116 INR resistance, supported by strong volume, could lead to a significant upside.
- **Volume and RSI**: Increased volume and a moderately bullish RSI support the potential breakout.
### Summary:
The chart of Navkar Corporation shows a rounding bottom pattern, which is a strong bullish reversal signal. With the price currently testing the resistance level around 116 INR, a successful breakout could lead to a significant upside, with a target around 162 INR. The increased volume and positive RSI trend support this bullish outlook. However, it's important to watch for confirmation of the breakout and monitor any signs of reversal.
1D Swing trade... Education purpose onlySwing trade💡..... Positional trade for the month.. Rectangular box breakout...
Do you're analysis before entry.
I'm not SEBI register... And this is not advice to buy or sell.
Education purpose only.
Thank you❤.
PNB - A good candidatePNB looks good on chart and could be taken for long position for mid to long term and place SL below 124, and let the profit run
SwingAgar market saath de toh aram se 120 jaayega
Entry only if good consolidation seen
CONSOLIDATION is the KING
Navkar Corporation Ltd - Preparing for a 2x move#NAVKARCORP
CMP : ₹.118.95/-
Date : 18-02-2024
Navkar Corporation Ltd is a company engaged in container freight station operations and related activities. A very low debt company with zero promoter pledge having 70% promoter holdings. ROE, ROA improving for last 2 years. Positive cash flow is another strength of the company. Now the stock is near its 52 week high. Fundamentally and technically stock is looking good. A partially completed round bottom pattern can be seen from charts. Tending to break it's 4 year long resistance trend line. If it breaks we can expect a 2x move from the current levels.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly
Symmetrical Triangle Pattern Breakout In Navkarcrop-symmetrical triangle pattern breakout 119
-volume is high
-closed strong with morning star pattern
-momentum will start above 125 keep in radar
NAVKARCORP review - from 66 to 101 giving 50% gains till nowreviewing NSE:NAVKARCORP chart posted on 5th Aug 2023 when the price was 66
it made high of 101 giving splendid 50% gains till now
this analysis is for knowledge sharing and educational purpose .
this post is not a buy or sell recommendation.
link of 5th Aug 2023 post given below
NAVKACORP - LongCan be bought at CMP.
Will add more if it closes above 70 and ride for a target of 130+
SL will be 50 weekly Closing basis
Navkar Corporation - Trnd change At Monthly TFNavkar Corporation - Trnd change At Monthly TF. Wait for closing above 90.
Could be a very Good candidate.
This is not a buy sell reccomdation. This is for my learning and recording purpose.
For Tradingview Premium plan, Can go with the below link
in.tradingview.com
Navkar corp -Multi year Cup and Handle FormationNavkar Corporation formed a multi year cup and handle formation.
Stop loss and targets are plotted.
Educational content. Not a recommendation
Navkar Corporation Ltd: Trading near BO on WTFNavkar Corp Ltd is looking good on weekly time frame. Stock is trading near 5 year breakout level. Keep on radar.
navkarcorp profit bookingvolume and price in last 15 mins chart shows possible profit booking might take place, best buy again around 58-62 levels
navkar corporation as you can see in chart of navkar
stock has crossed the weekly resistance and has chances to move upto 25-30%
stop loss and target is given on chart
Chart of the week Chart of the week navkar perfectly respecting symytrical traingle pattern breakout weekly time frame above 64 closing basis .
Good move coming above 64 .
