Network 18 sees some massive breakout retest pattern on multi year levels and here to sustain if closes above 100 in weekly closing basis. saw a circuit revision to 20% yesterday and traders can hold with sl of 98 and people with short term view can hold with 94.95 weekly closing basis.
Last time I analyzed this stock but due to bad numbers stock plummeted to 90 levels. The volume in this counter is back and no near time even trigger to out match the technicals.
Multi year bo above 102.65 on friday closing basis and also flag patter on monthly charts (Possibility of success okayish) . SL of 95 should suffice
After some solid consolidation within the above marked range, metal and energy stocks are showing solid progress. Worth buying above 1000. Weekly closing above 1000 will be a really good support level. Volume is strong. one more session to go in the week. Not a reco. Just an observation
The stock has hit its 2009 level with some good volumes . ITs worth entering a Positional setup with sl at 39 . Risk 10%. The stock is still in 20% circuit limit and possibility remains for upper freeze today. Time Frame 1-3 months
Fundamental front sugar always performs well in Q3 and Q4 and with ethanol having fancy margins all sugar stock see some jump today. Technically any close above 532 would mean channel broken on upside.
IF market tanks it should maximum retrace the b/o level.
Disc: It is not a recommendation but just observation
After a good and thorough study of tube investment posted earlier. another classic C&H pattern in making. Check in weekly charts for better structure. The pattern formation is around 16-20 weeks which is quite apt for C&H. Sl for the handle should be 1150 worst case scenario.
Disc : This is for education purpose only and not a recommendation
#JubilantFood All the buzz around the fact that devyani turned marginally profitable and the new issue of sapphire food, the leader of this segment seems to lag. Fresh movement quite possible here. strong support around 3600. Not a reco but just an observation so trade accordingly.
The formation is accurate but the volume doesnt correspond to the breakout making it high risk. One should maintain sl around 2-3% below cost ideally. Bull markets tend to create breakout out of almost any volume setup. The same thing would have been next to impossible in 2017-2018. Something to watch and learn and later archive it.
Not a recommendation but only...
The stock in last session gained very well with 3 15 mins candle showing strong volume. The stock is close to breaking its may levels and might give it a try today. The breakout is not yet confirmed and 150 and 157.15 looks like hindrance for the stock
Disclaimer: This is not a recommendation. Please do due diligence before buying
The stock saw similar rally during last result season before not meeting expectation. Some similar rally happening here and movement above 2300 can give further impetus. Risk reward unfavourable, but something to learn from. Sl should be 2199 if a trader enters
The above analysis is not a Reco but mere observation. One should do his or her own due diligence.
Stock in shorterm timeline took out 2-3 months higher levels. Now the stock is close to take down multi year b/o level. 725-800 could be the tough area , above which fresh impulse. My SL as trader if i take a position would be 695. Risk Reward 1:2
Long term movement happening inside the channel and weekly volume suggest that upper levels of channel wont be respected in coming days. Safe sl should be 199. Price action and hence only trading perspective makes sense.
Disclaimer : Not a recommendation but just an observation