The chart structure is favourable supported by multiple factor. Pros: a) The healthy correction of 30% - price breakout from channel b) Fib retrenchment c) Moving Average above 21 & 200 d) RSI d) Similar breakout candle from same level Cons: a) Volume b) wait for 50 & 100 EMA crossover for safe entry Entry, Stop Loss and Target mentioned in chart. Thanks
The chemical sector are showing positive move from past few trading session. GHCL established itself in diversified segment of Chemicals, Textiles and Consumer Products segments. Fundamentally, may avoid the stock but technically price action will generate subsequent gain in short term view. The technical analysis based on simple descending triangle breakout...
The chart is self explanatory, based on support & resistance, fib and area of confluence. Thanks
The price in oversold area and at major support level. The breakdown of support will generate 6-10% return on short term basis Long entry if & only trend reversal candle create from level of EMA 200. The chart is simple and self explanatory. Disclaimer : Consult your financial advisor before any trading or/and investing activity.
The stock is looking weak in chart structure at crucial support level but below important moving averages of 20, 50, 100 and 200. The chart explained with multiple support & resistance with proper entry & exit scenario. Thanks
The price was range bound and in consolidating phase, wait for channel breakout with volume for potential upside of 20%. The exit as per risk appetite and target as price action. Thanks
The price consolidating in round bottom pattern supported by DOW theory of HH-HL , moving average and significant volume. The neckline breakout will probably generate multi fold return in long term holding. Keep accumulating in multiple lot and stop loss will be trendline support. Thanks
The price given a breakout , in past 3 session approx. 20% return generated. Correct entry will be retest level between Rs 490-Rs 500 with target of Rs 580 , Rs 630 and Rs 700 and stop Loss at Rs 425 Thanks
Analysis : - The stock at resistance zone as mentioned through blue trendline in chart. - It will be a good opportunity for long or short trade as significant volume observed today but with RSI divergence of HH-LL, dicey situation. - Other factor are price above all moving key average. Trade Idea : a) Long : Trendline with volume b) Short : Entry will be...
The price failed form retest level of Rs 232 i.e. resistance level in weekly time. The analysis based on simple downtrend , upward trend , cup & handle , moving average , parallel channel , resistance breakout with volume , retest of price and Fibonacci (explained in chart) Enter for potential upside of 20% - 50% from curre1nt level with stop loss below Rs 190....
The stock has taken a support form crucial level due to news for "MERGER and BUYBACK". Support Level : After the retrenchment and channel breakdown, price recovered from fib level of 0.618 & EMA 100 and close above trendline with bullish candle. If news momentum continue, probability of 20-25% upside are high quiet in such volatile market. If support broken...
The stock is in continuously uptrend and given multiple breakout, recently corrected and retrenchment golden level. The bullish engulfing candle created from support & fib level and partial confirmed from volume surge. Idea : Go long above mentioned level in week chart with stop loss at support level and target of 30%. Short only if support...
In daily frame, the price given a inside candle breakout and in weekly chart in uptrend parallel channel with proper support & resistance. The entry , stop loss and target mentioned in chart. Inside Candle (821-847) 15min Chart NIFTY PHARMA Thanks
The stock has set up for long trade. - wait for triangle breakout with volume surge. - support for EMA , Trendline and Fib. Key points marked in points. Thanks
The chart structure positive and entry will cup & handle neckline breakout at Rs 4000 Call writer are squaring their position at 4000, 4100 and 4200 and significant put writing as 3900. Thanks
The price is continuous upward trend, proper entry will be after resistance breakout at Rs 8370. Thanks
The bullish candle formed from major support level with fib support, substantial volume and RSI indicating the price at oversold trajectory. Entry will be above Rs 1848 with Stop Loss of Rs Rs 1672 and Target Rs 2200. Shorting opportunity if price rejected from EMA 200 level of Rs 1850, target and stop loss as per risk reward appetite. Thanks
Khaitan Chemicals and Fertilizers Limited is engaged in the manufacturing of Single Super Phosphate Fertilisers, Sulphuric Acid and its variants, Processing of Oil Seed and selling of Wind Power. The Company has India’s largest Single Super Phosphate (SSP) production capacity and SBI has released 37,995,680 (39.17%) pledged shares of the promoters in Dec 2021 as...