JAYNECOIND - Has been trading in the channel for the last 6+ months, the stock has taken support at the bottom of the channel yet again and is showing clear signs of going for its next swing. I see an upside of up to 27% I checked the fundamentals and they look decent.
TEAMLEASE - Breakout in Daily timeframe after 1 year. The stock is coming back for a retest of the breakout zone. I see a handsome risk-reward. The company has decent fundamentals and good sales.
IFBIND - Weekly breakout with huge volumes after 3 years! Great price action with good upside potential. Waiting for a good dip to buy would give a nice 1:2 Risk reward.
Weekly breakout in HFCL after 2.5 years. Decent fundamentals and stable company.
JUBLFOOD -1D timeframe: It seems like the channel is broken down, however, there is a 200 DMA which could act as a support. Shorting Opportunity: If 200 DMA is taken away in Daily timeframe Long Opportunity: If the stock comes back into the channel
RAMASTEEL - Clean breakout in 1D timeframe observed. The breakout came with huge volumes. The company has decent fundamentals.
SHANKARA - Is in the bottom of the channel in the weekly timeframe. The stock has been trading in the channel for 4+ years and takes support at the bottom of the channel. It is back to the bottom of the channel and has been in the accumulation phase for the past 15 weeks. The risk-reward is looking very handsome and the company has stable fundamentals. CMP:...
NESTLEIND - Watch out for a good breakdown/ shorting opportunity in 1D timeframe. A few points to note: 1. There is a weekly reversal sign (bearish - Evening star pattern) 2. The stock is below 50DMA 3. Ascending wedge pattern - Usually is a bearish sign. 4. Overall on a higher timeframe, the stock is rallying - hence it is wise to be cautious and have a hedge.
Interesting channel in Nifty 1 hour timeframe. I think one can take take a position on the break-out or break down! Let me know your thoughts.
RCF gave a monthly breakout in December 2023 after trading within the same range for 15 years. The company has decent fundamentals, with the Government of India owning a majority of 75%.
Potential swing trade opportunity in CENTURYTEX - Daily timeframe. There is a potential upside of up to 16% in this next leg of swing within the pattern.
Weekly breakout in LAURUSLABS after 3 years, good upside and a nice 1:1+ Risk reward. Cherry on the cake: FIIs and DIIs increased their share in this stock in the last quarter
AUBANK - Add to your watchlist and watch out for a weekly breakout from a channel that has been around for the last 3 years.
GUJGASLTD - Weekly breakout with nice price action and clean triangle breakout - Decent fundamentals and a good swing trading opportunity with a upside of 30+ %
POLYCAB - Although the company has corporate governance issues, there could be good swing trading opportunities in the stock. My thoughts (not a trading recommendation): 2 scenarios - I'd go long if the stock takes support at the channel bottom with good price action & reversal candlesticks. My stop loss will be if the channel breaks. I'd go short if the...
A channel breakout on a weekly time frame with great price action in APLAPOLLO. There is an immediate upside of 15% (first target)... The company has good fundamentals and the risk-reward in this swing trade is very good!
SYNGENE - Beautiful price action in the weekly timeframe. Nice upside potential of 15% Good opportunity to enter now. Decent fundamentals.
Weekly breakout in AARTIIND after 2+ years. The stock came out of a downtrend and has broken its previous highs. The company has decent fundamentals.