Chart is self explanatory. NOTE: The stock hasn't given a breakout yet, it is on the verge of the breakout. Hence, I have marked both the possibilities using the white arrows. Green lines shows targets. STOP LOSS: 50 (assuming buying level 58 after breakout TRAIL STOP LOSS FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!
Suggested a long trade at 860 on godrej consumer pr with a first target at 919 IT touched 918 today TARGET 1 ACHIEVED!! 7% RETURNS BOOKED TARGET 2 IS ON BOOK SOME QUANTITY HERE TRAIL STOP LOSS FOLLOW FOR MORE REGULAR UPDATES!
A clear Inverted Head and Shoulders pattern can be seen on the weekly charts, indicating bullishness. A breakout of the Inverted H&S pattern is seen. Further, a breakout of the 2 year long resistance point accompanied with a retrace is seen. (OPEN THE CHART FOR DETAILED VIEW) LEVELS: Entry: CMP (860-861) Target 1: 918 Target 2: 972 STOP LOSS: 802 (Closing...
CASE 1: On the weekly charts of torrent pharma, it is seen that CMP is at a very crucial level (the purple zone). This zone is a good resistance zone. Also, if you look closely, CMP is also trading at an important Fibonacci Level. This too shows that price may come down from this point or may obey the purple zone and may fall after touching the upper range of the...
A triangle breakout is seen in the weekly charts of RITES with great volumes!! Selling pressure was seen at the end of the day. Hence, a retrace is expected at around 260. LEVELS: Entry: CMP and if gives a retracement then at 267 Target 1: 300 Target 2: 325 STOP LOSS: 251 (Closing) TRAIL STOP LOSS!! RSI BULLISH VOLUMES SUPER COOL MACD BILLISH Risk-Reward...
Daily charts, crucial zone marked in purple. CMP on the edge of a good 6 months old trendline. Breakout from this line followed by a breakout from the purple zone can be a signa of a good move ahead. Can see retracement and then a great upmove. CHART IS SELF-EXPLANATORY, OPEN CHART FOR DETAILED VIEW FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT WHAT YOU THINK...
A flag formation can be seen in the charts of ADANI PORTS. If it breaks positively from this flag trend, we can see a good up move in adani ports. I would recommend keeping a good watch on this and this can be added in portfolio if it gives a positive breakout from this flag range! FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!
Here is the weekly charts of Gujarat Pipavav Ports. (OPEN CHART FOR DETAILED VIEW) Firstly, a historical crucial zone (117-112) is again in action. The price today crossed this zone but wasn't able to sustain above this 7 year old zone, and came back to the purple area. Here the volumes are very high, THIS MEANS THAT THE STOCK CAN GIVE A GOOD BREAKOUT. Secondly,...
Here is the weekly chart of network 18 media. The marked purple zone is historically a very crucial zone (47.85-50). It broke out with great volumes and hit circuit. Also this breakout is the breach of a 7 year old crucial zone plus a resistance trendline coming all the way from Dec'14!! (OPEN THE CHART FOR DETAILED VIEW) LEVELS: Entry: As soon as possible...
Globus Spirits' charts says a lot these days!! Lets us analyze step by step! This analysis will be purely based on Price Action... "WEEKLY CHART" Firstly, look at the weekly chart above. There is a clear 5 year old trend line, and current price is on the verge of giving a breakout from this multi-year resistance line. The volumes here too are favorable. RSI too...
Looking at the weekly charts of Sumitomo Chemicals it can be seen that there is a year old resistance line. And then there is beautiful breakout of this line accompanied by good volumes... (OPEN THE CHART FOR DEATAILED VIEW) Now, here RSI is high and shows momentum. Hence RSI should fall marginally. Therefore, prices must fall, but not to a great extent. This...
Suggested a long trade on adani ports on 31st May with entry at 796. It achieved out target 2 in just 5 days, and NOW ON 7TH DAY IT ACHIEVED OUR TARGET 3 EAILY!!! TARGET 3 ACHIEVED IN JUST 7 DAYS!! FROM 796 TO 870 IN JUST A WEEK!! 9.5% RETURN IN JUST 7 DAYS!!! FOLLOW FOR MORE AMAZING IDEAS!!
A cup formation can be seen on the daily charts of Coal India. A handle formation is expected. A short term profit trade can be taken, expecting that formation of the handle will benefit us. (OPEN THE CHART FOR DETAILED VIEW) RSI shows positive growth with momentum MACD showed a bearish crossover recently, but current momentum shows that we may see a bullish...
I previously posted an idea to short BHEL only IF it breaks the marked distribution phase from the lower band. If you see the description of the previous idea on BHEL, you can see that I have written there that ONE MAY LOOK FOR BUYING OPPORTUNITIES IF IT GIVES A BREAKOUT FROM THE UPPER SIDE OF THE RECTANGLE. And here we are Today Bhel gave a good breakout form...
Suggested a long trade on COAL INDIA on JUNE 2, 2021 with entry point at 149 and target at 155. (PLEASE FIND THE IDEA OF COAL INDIA ON MY PROFILE TO KNOW THE LOGIC BEHIND THIS SMALL TRADE!!) Today, COAL INDIA crossed our target easily and touched 158 in just 5 days!!!! Target completed in just 5 days!! 6.1% RETURN IN JUST 5 DAYS!!!!! FOLLOW FOR MORE AMAZING IDEAS!!
On the daily charts of MOIL Ltd. a simple Inverted Head Shoulders pattern can be seen!! This is followed by a perfect breakout and then a perfect retrace too!!! Plus, this breakout is also the breakout of 5 year old resistance line!! (OPEN THE CHART FOR DETAILED VIEW) LEVELS: Entry: CMP (183) Target 1: 213 Target 2: 238 Target 3: 250-252 STOP LOSS: 173 TRAIL...
Chart is self-explanatory. Open the chart above for detailed view of analysis. FOLLOW IF YOU LIKE THE ANALYSIS. LIKE AND COMMENT WHAT YOU THINK ABOUT IT!!