SHK trade ideas
S H Kelkar: entered in wave 3 of larger degreeSHK
On a weekly btf it bhas complete the impulse wave 1 and corrective wave 2 of larger degree, now in wave 3 of larger degree, expecting target of +300 before wave 3 gets complete
SHK for short term Tried to break 163 barrier, Good volume in the last half an hour; so if the share start trading above 165 we could expect good return (i.e 4%-5%) in a span of a week.
Short Term Pick Up ✌✌This Scrip After Retracement it started Moving and expected For Further Movement. Keep on your Radar.
SHKBuy-150-160
SL-140 Below closing BAsis
Target-180-200
Time Frame--Till diwali.
The reversal On Charts Looks very Fantastic..
Trade With Proper Levels..
SH Kelkar - 23/05/2021Buy at CMP and upto 148. Stop Loss : 140
target 170/190++
Follow Strict Stop Loss
READY TO RACE💕Best Opportunity For Swing Traders💕
Buy In Dips
Target 200-235
Kepp SL 135
📌Key Highlights:
🔺BO On Daily Time Frame
🔺BO On weekly Time Frame
🔺Cup With Handle
🔺Vol. BO
One Like 💕
Retesting breakout level with low volume.Need reversal signal for creating long position. Stock to watch.
inverted head and shoulder breakoutinverted head and shoulder breakout seen in S H kelkar daily charts,chart for educational pupose i hold positions.
Resistance Breakout with Inverse Head & Shoulder FormationS H Kelkar & Company is involved in the business activities of Manufacture of essential oils; modification by chemical processes of oils and fats (e.g. by oxidation, polymerization etc.).
The Stock Broke a major resistance with a good volume with Inverse Head & Shoulder Formation and Rounding Bottom Formation on charts. RSI is perfectly placed at 67 levels that shows that the stock is not a overbought zone. There has been continuous rise in volumes indicating consistent accumulation of stocks.
The Stock performance has also improved considerably during Q2 & Q3 of FY 21 showing an increase in EPS of 233% & 201% respectively. Mutual Funds stake has continuously increased during the quarters form 2.21% in June quarter to 4.1% in December Quarter. Last quarter performance is pending and is expected to be on better side.
Accumulate now for targets of 170-200-240 with SL at 125.
Feel free share your feedback and queries.
SH KELKAR SHKNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
SH Kelkar & Co. Good buy signal !!!SHK : cmp: 122.25
A symmetrical triangle kind of pattern has been formed in daily chart.
On the verge of BO.
TGT 130.35/140.75/157
SL 114.3 clbs
Let's see what happens....
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
SHK on the verge of long term trend reversal.Inverse Head and shoulder pattern.
This pattern appears when a trend is about to reverse.
After years of down trend, stock is showing trend reversal on weekly charts.
Huge volumes indicate there is accumulation complete.
Accumulation phase is followed by participation phase.
Here Participation phase and pattern breakout will go hand in hand.
Chemical stocks are buzzing but SHK hasn't performed till now.
Idea published just for educational purpose.
