Technical Analysis: Man Infra Limited has presented a promising trendline breakout with high volume, signaling strong bullish momentum. The RSI is above 70, indicating robust buying pressure. This setup suggests a potential continuation of the uptrend. Trade Setup: Stop Loss (SL): 196 Target: 243 Fundamental Catalyst: The company has made remarkable...
The stock of Indian Renewable Energy (NSE: INDIANRE) is showing strong bullish momentum, with a breakout above the descending trendline that has been acting as resistance for several weeks. Key observations: Trendline Breakout: The price has successfully closed above the descending trendline, signaling a potential trend reversal. EMA Support: The stock is...
1. Bullish Setup: A potential Double Bottom is forming above the level of 52170. Entry: If price holds above 52170 , enter a long position. Target: The first target is 52550 . Keep an eye on this level for possible exit or adjustment. 2. Bearish Setup: Support Level: 51761 is a key support level. Breakdown: If price breaks below 51761 ,...
The stock is breaking out of a descending triangle pattern and has successfully retested the breakout level. A bullish momentum is expected as the retest holds strong, supported by rising volume and favorable technical indicators. Trade Setup: Entry: ₹126.06 (current price near breakout zone) Stop Loss: ₹117.50 (below key support level) Target: ₹159.88...
Castrol India Ltd has shown a strong bullish signal by breaking out of a falling wedge pattern on the daily chart. The breakout is accompanied by a significant surge in volume, confirming the strength of the move. Suggested Trading Levels: Entry: Near ₹220.34 (current breakout level). Stop Loss (SL): ₹195.00 (below the breakout zone and support level). ...
Technical Analysis: RCF Limited showcases a triangle chart pattern breakout supported by the formation of a double bottom pattern, a powerful bullish reversal signal. This dual pattern alignment strengthens the bullish case, with the breakout above 176 marking a key entry point for traders. Trade Setup: Entry: Above 176 Stop Loss (SL): 158 Target: 274 ...
JPPower will be bullish above 16.3, looking good risk to rewards
Overview: Jubilant Foodworks is poised for a bullish trendline breakout. This setup presents an excellent opportunity for traders to enter the market with well-defined risk and profit targets. Entry Point: Initiate a buy order at or above 491 INR, aligning with the breakout above the descending trendline resistance, indicating a potential upward trend. Stop...
Bata India is on the verge of a breakout, showing promising potential. However, to manage risk, set a stop-loss at 1470. If the breakout succeeds, the target is 2315. This setup could offer a substantial reward. Keep an eye on this stock for a potential trading opportunity. 🚀👟
Trade Idea: Nestle India recently broke out of a bullish wedge pattern and is now retesting the breakout level. Additionally, the stock has been rejected from the 200 EMA , which adds to the significance of the current setup. Entry Point : Buy at ₹2500 Stop Loss (SL) : ₹2427 Target Price : ₹2890 The setup offers a small stop loss relative to the...
Investors, take note! Power Finance Corporation is currently showcasing a significant technical pattern that could influence your investment strategy: Head and Shoulders Breakout: Power Finance Corp has exhibited a clear Head and Shoulders breakout. This classic chart pattern is often viewed as a reliable indicator of a potential major reversal. Why This...
Indigo Paints is currently exhibiting a promising setup for a long position. Entering with a stop-loss at 1429 to manage risk, the initial target is set at 1630. The technical indicators also suggest that this stock has strong potential for a long-term hold. Keep an eye on its performance for a solid opportunity in the market.
Traders, a golden opportunity unfolds as ICICI Bank exhibits a compelling triangle breakout, marking a significant turn for those eyeing short-term gains. This technical pattern, a harbinger of potential upward momentum, invites us to dive deeper and explore the swing trading prospects it presents. Key Observations: Breakout Confirmation: The breakout is...
The Nifty Index appears poised for a significant shift. Given its current position, there's a risk of it becoming a trap zone. It's advisable to adopt a cautious stance and wait for a clear directional move - either a breakout above resistance or a breakdown below support - before making any trading decisions. This approach minimizes risk and ensures trading...
LIC is taking support on 100 EMA and also completing Elliott wave 4, looking 50% upside potential in next 3 - 6 months
Attention to all savvy investors! If Network18 Media & Investments Limited has been on your radar, here's why now might be the right time to consider making a move: Strong Support on 200 EMA: Network18 continues to hold strong on its 200-Day Exponential Moving Average (EMA), a key indicator of long-term stability and a potential platform for growth. RSI Above...
Crude oil faces resistance at the 200 moving average after break down rising wedge patern, indicating a potential 1:4 target. Traders may consider this point for planning their positions, keeping the SL in mind. looking good RR we can take this risk but make sure to cut positon above 200 EMA.
Attention investors! 📈 Here's a golden nugget for your portfolio: Paradeep Phosphates is flashing a strong buy signal, and here's why: Bouncing Back Strong: The stock has taken robust support at the lower band of its trading channel. Historically, this indicates a potential rebound and signals stability and strength. Crossing a Critical Threshold: It's not...