Cup & Handle [PATELENG]This Strategy already posted by many of the publisher which is I am publishing this is only for educational purpose if any one of you will take this trade so please take at your own risk.
Pattern : Cup & Handle
Share Name : PATELENG
Time Frame: Weekly
Current Market Price is 14.25
Target 1st : 30
Target 2nd : 52
Stop Loss : 5
Loss is around 9.25 but profit will more if breakout after 30
In this share having FII also incuding
But it will may take time
Trade ideas
PATEL ENGINEERING: DOUBLE YOUR MONEYNSE:PATELENG broke out and gave a retest from its 30 month old base.
It was in strong downtrend and formed a base, from which it broke out.
The volume expansion is exponentially high, showing increasing interest in the stock.
It is a bit risky to enter 100% of your position at CMP, as may retest the trendline again because of the huge wick in last week's candle.
Wait for some sort of entry signal on daily timeframe and add more quantity on dips. Buy and hold for long term. Could be a potential multi-bagger.
volume up order win, a potential multi baggier Stock seems bottom out .
Target : 25/35/54
SL: 15( closing basis)
Reason : Huge order win (approx: 1250 cr )
Fundamental : Patel Engineering Company specializes in tunneling, underground works for hydropower generation, irrigation and urban infrastructure projects. It is the only Indian Company with experience in RCC, micro Tunneling and double take tap work. It has established a significant international presence and has executed projects across Arabian Gulf, Sri Lanka, Nepal, Bhutan, etc.
The company reported a consolidated net loss of Rs 0.45 crore in Q1 FY22 as against a net loss of Rs 41.89 crore in Q1 FY21. Net sales increased 141.36% to Rs 666.25 crore in the quarter ended June 2021 as against Rs 276.04 crore during the previous quarter ended June 2020.
Live Challenging Stock Market Analysis Buy PATELENG @ 13.90Market Analysis
Live Challenging Stock Market Analysis Buy PATELENG @ 13.90
Target @ 22.00
Our Unique Features:
—————————————————————
1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best Wishes
Tradingwithtamil
DESAI//@version=4
study("DEVEN DESAI ", overlay = true)
Periods = input(title="ATR Period", type=input.integer, defval=10)
src = input(hl2, title="Source")
Multiplier = input(title="ATR Multiplier", type=input.float, step=0.1, defval=2)
changeATR= input(title="Change ATR Calculation Method ?", type=input.bool, defval=true)
showsignals = input(title="Show Buy/Sell Signals ?", type=input.bool, defval=true)
highlighting = input(title="Highlighter On/Off ?", type=input.bool, defval=true)
atr2 = sma(tr, Periods)
atr= changeATR ? atr(Periods) : atr2
up=src-(Multiplier*atr)
up1 = nz(up ,up)
up := close > up1 ? max(up,up1) : up
dn=src+(Multiplier*atr)
dn1 = nz(dn , dn)
dn := close < dn1 ? min(dn, dn1) : dn
trend = 1
trend := nz(trend , trend)
trend := trend == -1 and close > dn1 ? 1 : trend == 1 and close < up1 ? -1 : trend
upPlot = plot(trend == 1 ? up : na, title="Up Trend", style=plot.style_linebr, linewidth=2, color=color.green)
buySignal = trend == 1 and trend == -1
plotshape(buySignal ? up : na, title="UpTrend Begins", location=location.absolute, style=shape.circle, size=size.tiny, color=color.green, transp=0)
plotshape(buySignal and showsignals ? up : na, title="Buy", text="Buy", location=location.absolute, style=shape.labelup, size=size.tiny, color=color.green, textcolor=color.white, transp=0)
dnPlot = plot(trend == 1 ? na : dn, title="Down Trend", style=plot.style_linebr, linewidth=2, color=color.red)
sellSignal = trend == -1 and trend == 1
plotshape(sellSignal ? dn : na, title="DownTrend Begins", location=location.absolute, style=shape.circle, size=size.tiny, color=color.red, transp=0)
plotshape(sellSignal and showsignals ? dn : na, title="Sell", text="Sell", location=location.absolute, style=shape.labeldown, size=size.tiny, color=color.red, textcolor=color.white, transp=0)
mPlot = plot(ohlc4, title="", style=plot.style_circles, linewidth=0)
longFillColor = highlighting ? (trend == 1 ? color.green : color.white) : color.white
shortFillColor = highlighting ? (trend == -1 ? color.red : color.white) : color.white
fill(mPlot, upPlot, title="UpTrend Highligter", color=longFillColor)
fill(mPlot, dnPlot, title="DownTrend Highligter", color=shortFillColor)
alertcondition(buySignal, title="SuperTrend Buy", message="SuperTrend Buy!")
alertcondition(sellSignal, title="SuperTrend Sell", message="SuperTrend Sell!")
changeCond = trend != trend
alertcondition(changeCond, title="SuperTrend Direction Change", message="SuperTrend has changed direction!")