Indieconomic

Indieconomic

Recently stock has given a multiyear breakout and currently testing a same level. Since Aug'20, the price was moving in upward channel and in July'21 the multiyear breakout seen in stock, as mentioned in chart - rounding cup neckline violated with 20% upside The question is HOW to trade in such stock....patience is key in such scenario, be a Eagle and grab...

Indieconomic

Simple trade set up in Reliance - If key level break - enter the trade i.e.Rs2150 - Technical indicator (EMA,RSI,MACD,) are generating positive signal (daily charts), volume is only concern - Invertor Head & Shoulder and triangle pattern (2 hourly charts) - Multiple support and resistance Entry : Rs 2150 , S/l : Rs.2110 , Target : Rs.2250 Disclaimer :...

Indieconomic

The particular stock has given a breakout on 10 May'21 (Breakout-Retest-Breakout) as mentioned in chart. Currently it is consolidating in " Symmetrical Triangle " since past one month. Positionally, it is right time to add in your portfolio as stock bouncing from support. Note: Refer chart to better understanding.

Indieconomic

The stock has beautiful set up for both long and short trade. The chart clearly indicate that stock trying hard to give break multiyear resistance. In day time frame it look like breakout but if you analyse in multiple time frame of 2hrs and 15min, the stock rejected at level of Rs.138 i.e. resistance level. There is spark in volume and RSI in positive but it may...

Indieconomic

The stock recommendation base on following parameter: a) Multiyear Resistance Breakout (highlighted in yellow) b) Breakout-Pullback-Bullish Engulfing Candle (area highlighted in circle) c) Highest Volume Hope this help you in learning.

Indieconomic

Keep a watch on stock as past trend suggest that after 35-40 days of consolidation, stock given a further breakout (refer chart) Currently stock is consolidating in "Pole & Flag", be patience and enjoy the ride. Note: Opinion for educational purpose.

Indieconomic

Stock is again given a breakout, start accumulating at current level and at every dip with 30-40% upside target. SL as per individual risk appetite.

Indieconomic

Trading Idea: For long, entry at C&H breakout (Rs 100.5) with target of Rs 112 and stop loss of Rs 95.50 For short, entry at H&S neckline breakdown (Rs 85) and target & stop loss can be decide as per price action in multiple time frame. Note: Refer chart for better understanding

Indieconomic

The stock has multiple support and resistance in triangle pattern. In chart "C&H" breakout will probable give a rally of 20-25%. It is advisable to buy around Rs 110 with stop loss of 5%. Others analysis mentioned in chart itself. Note: Fundamentally stock is not recommended ,analysis is restrictedly to technical parameter only.

Indieconomic

Fundamental : The stock is listed at BSE. The company is leading manufacturer of composite quartz and granite kitchen sinks in India (Sector: Plastic Products).Mr Ashish Kacholia has substantial holding in his company. In term of valuation, the stock is overvalue with MCAP of Rs1600 cr and respect of growth it is average in nature. Technical : The stock is...

Indieconomic Updated 

The chart is self explanatory. Target Rs 680 Stop Los Rs 624 Entry at retest level as mark in chart.

Indieconomic

Since March'21, stock was conslidating and now ready to blast for new milestone. The chart is self explanatory with multiple support & resistance, Ema, Volume, RSI, other factor. As the stock break triangle pattern, expect a return of 25-30% in short term basis. Trading Idea: Entry at current level with stop level of 110 and target will be around Rs 160.

Indieconomic

After breakout at Rs 160, the company given a return 40% and rejected at multiyear resistance of Rs 280. The level of Rs. 236 is make or break base, from same level stock has given a b/o in May21 and currently act as support with " Head & Shoulder" pattern. In day time frame, 20 EMA & 50 EMA already violated and 100 EMA will be key level to hold. If stock...

Indieconomic

The company is fundamentally very strong with sales and profit growth, since past one year stock has given a phenomenon return of more than 300%. But from past 6 month, stock was consolidating & range bound between 300 to 370 and Currently bouncing from 50% in fib retranchement with positive RSI. If you seen a longer time frame, stock never voilated 20 EMA and...

Indieconomic

Currently stock is retest a 'channel breakout' level. Go long if stock hold key level of Rs 176 with stop loss of Rs 172 and Short will preferential below Rs 170 with SL of Rs176. ☝️☝️

Indieconomic

Refer Chart : Pattern : 'W' Pattern and 'Triangle' Pattern Entry : Current Level Support : Rs 118 Target : Rs 160 S/L : Rs 112 Note: Consult financial advisor before investing 🙅

Indieconomic

The stock creating a base to fly, since past year price movement in range bound. All the technical indicator given a positive sign ---🤞magic may happen next week itself. Entry Rs 820 S/L Rs 750 Expected Return between 20% to 30%

Indieconomic

The stock given a breakout with volume , keep a watch as was consolidating from past 1 year. Today's move will definitely give momentum to stock for new target. Multiple factor for positive view : **Ascending Triangle B/O, **Support at 20 EMA, **Volume, **Infra Sector growth Entry - 31.5 S/L - 26