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JSW ENERGY-- BULLISH VIEW-EDUCATIONAL PURPOSE Bounced from trendline support Sustained above trendline support for 6 weeks Enter on slight correction -- Near 495-500 Target 1 : 730 (48%)-- previous resistance Target 2 : 1184 (140%) -- (Fibo)-- Need to clear resistance near 770-- may enter in consolidation or reversal may be seen-- Need to be careful and...
NIIT LEARNING - BULLISH VIEW-Educational Purpose Bounced from weekly demand zone with Bullish Engulfing chart pattern on weekly timeframe, double bottom formation seen (Not much chart data available) Target 1 : 499 (41%) (24 months) Target 2 : 562 (59%) (30 months) Stop loss : weekly closing below 322 (-9%) Risk reward ratio : 1: 6.7
AARTI IND--BOUNCED FROM WEEKLY DEMAND ZONE--BULLISH VIEW * Bounce back seen from weekly demand zone with trendline support *Just started Higher high higher low formation indicating reversal of downtrend * Possibility of formation of inv. head and shoulder pattern. If this pattern is formed it will give more strength *Can enter 50% quantity at this level and...
BREAKOUT AFTER DOUBLE BOTTOM FORMATION--BULLISH VIEW breakout seen after double bottom formation Resistance level 28 crossed and sustained above it Can enter on retest at 28 level (Need to wait for retest level) Fibo targets Target 1 : 50 (80%) (24-30 months) Target 2 : 63.85 (128%) (36 months) Stop loss : weekly closing below 22.30 (-20%)
BREAKOUT ABOVE 52 WEEK HIGH-- BULLISH VIEW Fresh breakout seen above 52 week high Increased volumes seen since last 2-3 months Entry level : 2815 (retest) Need to wait for retest level. Fibo Targets : Target 1 : 4445 (35%)--12 months Target 2 : 6085 (116%)--36 months Stoploss : weekly closing below 2345 (-18%) ONLY INVESTMENT VIEW-- NOT FOR SHORT TERM
BOUNCED FROM WEEKLY DEMAND ZONE-- BULLISH VIEW -- EDUCATIONAL PURPOSE Double bottom formation seen enter on slight correction near 36 TARGET 1 : 64 (78%) 24-30 months TARGET 2 : 83.5 (132%) --48-60 months RR Ratio: 1:4.3 Only long term view
BOUNCE FROM WEEKLY DEMAND ZONE Bullish view with reversal (DOUBLE BOTTOM) cmp 60 Enter near 55 on correction TARGET 1 : 95 (74%)(30 months) TARGET 2 -190 (245%) (48-60 months) STOPLOSS : weekly closing below 37.50 (-32%) RR RATIO : 1:7.7 ONLY LONGTERM VIEW
ROUNDING BOTTOM IN RPOWER Breaking out with rounding bottom pattern after strong downtrend and consolidation of nearly 10 years enter on correction WAIT FOR LEVELS BELOW 53 ( near 52.75) TARGET 1 - 130 (146%)(36 months) (after clearing hurdle at 65) TARGET 2 - 180 (242%) ( 60 months) SL - weekly closing below 37 (-32%) RR RATIO : 1:7.8 (for 2nd target) LONG...
BULLISH VIEW IN ROH LTD- Continuation pattern Bullish Pole - Flag (Up flag) pattern is formed which indicates continuation of bullish trend. Also it has closed above the resistance level and its closed at life time high level which is supported by huge volumes In coming months we can see much higher levels in ROH till 427 which is Fibo 1 as well as flag target...
Continuation of uptrend Bounced from support zone with hammer formation Upmove likely to continue in next 8-10 months Target : 790 (57%) Stoploss : 377 (weekly closing basis) (-25%) Risk Reward Ratio :1:2.3
Buy Marico (cash) above 474 with SL 471 for target 480.75 Possible double bottom RR ratio = 1:2.3 Timeframe - 8-10 days maximum If it comes down to 469 before crossing 474 then buy at 369 with SL 466.50 for same target 481 (Daily Demand zone formed on 17 June 22) RR ratio = 1:3.7 Timeframe : maximum 10 -12 days Adjust future levels accordingly if anyone wants...
WONDERLA HOLIDAYS --BULLISH BREAKOUT--EDUCATIONAL PURPOSE Closing above key resistance zone 400-420 Increasing volumes seen in last 6 months. In September attempted to break the resistance zone but could not close above it. This week successfully breached resistance zone. Now expected to continue the move further which can be extended up to 700-750. Fibo targets...
CIGNITI TECH-BREAKOUT ABOVE 52 WEEK HIGH--EDUCATIONAL PURPOSE Trend continuation expected as stock has given breakout above 52 week high. Buy on retest near 670-675 Target: 985 Stoploss : 515 on weekly closing basis Time target: 18-24 months
Supreme Ind--Breakout Above 52 week high--Educational Purpose Buy on retest near 2650 Trend continuation expected Target : 3530 (33%) SL: 2270 (14%) on weekly closing basis RR ratio : 1:2.4 Time Target : 15-18 months
Bounced from 1 hr demand zone (formed in June-2022) Expected to continue the reversal movement Buy above 775.50 Tgt 1-873 (12.78%) tgt2-890 (15%) SL-737 (5%) RR ratio: 1:2.6 for 1st tgt and 1:3 for 2nd tgt Can face resistance near both trendlines and may consolidate for sometime before resuming the upmove Time horizon :1 month
BULLISH VIEW Breakout seen with increase in volumes since last month with higher high higher lows TGT 1--225 TGT 2--280 (71%) SL --below 124 on weekly closing basis Time tgt--20-24 months (till Jan 2025) Please note --Its a low volume stock so trade cautiously
Breakout above 52 week high should continue the rally in Jindal Steel Handsome tgt of 594 and 793 SL 357 on weekly closing basis
BREACHED 10 YEARS RESISTANCE LEVEL WITH HIGH VOULMES ALSO VOLUME ACCUMULATION SEEN IN LAST 6 MONTHS TRADING ABOVE 200 EMA UPTREND IS EXPECTED TO CONTINUE AND REACH MENTIONED TARGET LEVELS TILL 2025. ITS INVESTMENT STRATEGY. TARGETS MAY BE ACHIEVED FASTER BUT INVESTING WITH PATIENCE FOR 4-5 YEARS MAY YIELD HIGHER RETURNS CAN GO LONG WITH SL OF 108 ON WEEKLY CLOSING BASIS