ISLAMIC NEW YEAR OR RATHYATRA PICKTechnical View
Stock is clearly formed Cup&Handle pattern. Privious major SR Line break. Pattern made near major SR line. complete reversal formation.
RESPONIND
CMP 219
TARGET 250/275/300+++
BUY ON DIPS NEAR 200-204
SL 190( DAILY CLOSING BASIS)
Fundamental View
ROE and ROE BOTH ARE GOOD. Quaterly and Yearly boh Revenue and PAT are Highest Ever. positive cashflow..
I Am Not SEBI Registered Research Analyst. It Is Giving Only Educational Purpose. Buying in RESPONIND After Discussing With Your Financial Advisor.
RESPONIND trade ideas
RESPONSIVE INDUSTRIES -Channel Breakout in FormationThe stock has been trading within a well-defined downward channel, showing consistent bounces from the lower trendline near 240. A bullish breakout above 280 could lead to a sharp rally toward the upper boundary of the channel near 360, supported by increased volume. The 100 EMA is acting as a strong dynamic resistance around 275. RSI at 47 suggests improving momentum, with room for further upside before overbought conditions. A breakout confirmation above 280 will be key for the next upward move.
RESPONIND Trading Above Fresh Weekly Demand ZoneRESPONIND is currently trading at ₹250.95, slightly above its demand zone between ₹249 and ₹240, identified on 4th September 2023. This fresh zone has not been tested, indicating potential buying interest if the stock price revisits this range. Investors may watch for a pullback to these levels, which could provide a buying opportunity around this support zone.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
RESPONIND keep on radar if daily close above trendline it will good for swing trading stock made on 29th september 2023 and then start correction now april 2024 stock got support 200 ema and bounce
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
technical analysis + money management+ physicalogy = successful trader
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Weekly Flag & Pole Breakout in Responsive Industries A Weekly Bullish Flag and Pole pattern is visible on the charts of NSE:RESPONIND
Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful apprication in the NSE:RESPONIND
MACD on verge of giving Positive crossover on Daily chart and already positive crossover given on Weekly charts andmonthly chart. So, expecting the momentum to continue.
One can look to create a fresh position in the scrip near Rs. 315-330 levels with the stoploss of Rs. 260.55 on weekly closing basis. The 1st target will be 370 , 2nd target will be 414.10, 3rd target will be 462.20, 4th target will be 506.65 and fifth target will be 550.55.
And finally this study is for educational purpose only.
Responind Positional View !!RESPONIND : cmp : 139.6
A falling supply trendline breakout done near 130-135 zone.
As well as a white marubozu kind of candle also formed in D & W chart.
Now trading near the breakout zone of 140-148 . If it surpasses and sustains
above the level a short term buying trigger could be possible .
Closed above prvious high.
RSI & MFI trending up.
Buy on dips.
Accumulation zone : 128-140
Profit booking zone may be : 164 - 189
SL According to your risk appetite.
Positionally can move 200+
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally
RESPONSIVE INDUSTRIES DAILY CHART ANALYSIS AS ON 29.12.2021RESPONSIVE INDUSTRIES as per daily chart analysis today the stock has broken the resistance 121 and stock above 129 for a target 135. Tomorrow there will be a gap down or initial bearish candles in the early sessions. Watch out and trade profitably.
RESPONSIVE INDUSTRIES is on verge of multiyear breakout!yellow line line is the resistance...
the stock touched this line first time in 2012
made many unsuccessful attempts in 2015....but failed...
this month again the stock closed right at the line....
i am of the opinion that the stock will break the resistance next month.......my reasoning is based on following....
RSI is above 70 for the first time in the stocks history.....on previous occasions it could barely touch 70..
there is a trendline break in OBV (ON BALANCE VOLUME)...
if on monday the stock prints a green candle above the resistance line....we must buy it...
if it breaks out then the target is the green line.....around 288