SuperNova396

SuperNova396

1. RRR is not favourable. 2. Need some consolidation for next big move continuation. 3. Avoid for now for me. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes...

SuperNova396

Price Observation & Overview: 1. Very poor earnings! 2. Good volume on the current week BO candle. 3. It is testing the ATH for the 1st time, hence there might be chances of fakeout as well. 4. I will avoid any position into this stock as of now. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a...

SuperNova396

Price Observation & overview: 1. W stricture formed, overall bullish. 2. Good volume breakout will be needed to ensure buying strength to continue else will avoid any entry. 3. As of now no entry, I will keep it in radar and set an alert for breakout. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave...

SuperNova396

Monthly TF : 1. Stock has already given an exceptional ROI in last 2 years. 2. Currently, I have no view on the stock regarding entry but whoever is holding can continue to hold. 3. Maybe in the below demand zones we can see how prices are reacting and plan or wait for the price to consolidate for some more time and plan accordingly. - Stay tuned for further...

SuperNova396

Overview & Observation: 1. HH-HL formation implies bullish structure. 2. Perfect volume spike. 3. Strong candle formation and breakout of the channel. 4. Earnings are stable. 5. RSI above 75 means we can expect some consolidation or minor pullback before the next big move. Trade Plan: - Entry Point: 1st aggressive entry can be planned at CMP - Stop Loss: 10% -...

SuperNova396 Updated 

Trade Plan: 1. I will look for a buy-on dips. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks &...

SuperNova396 Updated 

Overview & Observation: 1. Beautiful Double bottom formation. 2. Prices are showing weakness currently. 3. Might see some strength build up later once it starts moving ATH (200 levels) Trade Plan: 1. Just keeping it on my radar and will observe its price behaviour in coming weeks... - Stay tuned for further insights, updates and trade safely! - If you liked...

SuperNova396

Overview & Observation: 1. Change in structure reversal. 2. Good volume support 3. EMA & RSI showing strength and momentum build-up. Trade Plan: 1. Early entry can be made at CMP 950 around with tight SL. 2. Very good RRR - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the...

SuperNova396

Overview & Observation: 1. Trendline trap. 2. Good volume breakout. 3. Strength in buying. 4. Broke recent ATH. Trade Plan: 1. Best entry was around 850. One more aggressive entry can be planned but the risk will be higher in that case. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment...

SuperNova396

Monthly view: Overview & Observation: 1. Beautiful Double bottom formation on monthly time frame. 2. Above 140 further buying strength can be expected. 3. RSI is indicating momentum. 4. Reversal structure formation. Trade Plan: 1. ENTRY = CMP @ 111 2. STOPLOSS = 97 3. TARGET = 133,164, 190, 200++ - Stay tuned for further insights, updates and trade...

SuperNova396

Overview & Observation: 1. DOJI breakout candle. 2. RSI is showing weakness in buying strength. 3. Momentum can be slow. Trade Plan: 1. I will avoid 2. RRR is not favourable. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a...

SuperNova396

D TF Overview & Observation: 1. RRR is favourable (around 1:4 RRR) 2. Good strength in buying 3. Prices rejecting from the demand 4. Double bottom formation in D tf 5. ATH resistance breakout expected. Trade Plan: As per the markings on the chart Entry = CMP SL = 7% TP = 30% - Stay tuned for further insights, updates and trade safely! - If you liked the...

SuperNova396

Overview & Observation: 1. Setup was based on a simple Breakout ad retest entry. 2. With Less than 10% SL 1:2.5 RRR already achieved, a further 25% upside target can be taken after trailing near the entry price

SuperNova396

Overview & Observation: 1. Price Structure is bullish. 2. Downside risk is minimal. 3. RR is favourable. 4. Recent quarter earning reports are +ve as well. 5. Multiple confirmations supporting the view & expected to see the price start moving higher from here on but momentum will take some time to built... Trade Plan: Entry = Above 273 Sl = 15% close to 230 TP =...

SuperNova396

Overview & Observation: 1. Double-bottom formations. 2. Moving with W Demand. 3. EMAs support taken confirming the up trend momentum. 4. RRR is favourable Trade Plan: 1. Entry = Marked blue line 2. SL = 6-7% Marked red line 3. TP = 40% Marked green line - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to...

SuperNova396

Overview & Observation: 1. Solid consolidation happening since 2020. 2. Better to just watch it for now 3. Prices have started moving slowly from the demand zone. 4. PA structure is currently bullish forming HH-HL. 5. Overall strength and momentum are lacking. D TF: - Stay tuned for further insights, updates and trade safely! - If you liked the analysis,...

SuperNova396 Updated 

Overview & Observations : 1. Moving up from the 50% Fibonacci support level. 2. Volume Confirmation: Good volume on the breakout candle. 3. Price structure indicating upward momentum. Forminh HL-HH 4. Good rejection candle in W tf means, buyers are strong and dominant. 5. The RRR (Risk:Reward Ratio) is favourable. 6. Steady earnings growth, with good quarterly...

SuperNova396 Updated 

It is a risky bet since it made a huge doji on Weekly TF and the selling volume is huge on that candle though the prices are sitting at a good level, one can plan a LONG position with 10-15% MAX SL. However, the RRR doesn't look good to me honestly... Trade details: Entry - CMP 840 SL - 799 TP - 850,900 - Stay tuned for further insights, updates and trade...