sachinnagpal1982

sachinnagpal1982

Stock gave a breakout from a downward falling channel. Breakout was supported by volumes.Showing first sign of reversal. Stock has no froth, no body is talking about Antony waste at the moment. You can initiate longs at CMP, expect targets of 322, 343 and 407. Small stop loss for this trade is 282, but a descent stop loss would be 270 on daily closing basis. One...

sachinnagpal1982

Stock gave a more than a decade long breakout above 70 levels, stock price touched 83 after breakout and now doing a retracement with market correction. I think stock is in clear uptrend and one should identify buying opportunities in such type of stocks. Stock buying range is marked on chart between 62-71, buy in this range and we will review at 90 levels....

sachinnagpal1982

A closing above 44.70 will be a multi year breakout on bigger charts (Monthly timeframe). Volume increase is also supportive, and looks like this stock is ready to crack 2018 highs when mid cap and small cap melt down happened, that’s why this breakout is a significant breakout. One can go long at CMP, keep a SL of closing on 37 on weekly basis and expect a target...

sachinnagpal1982

Chart is self explanatory. All levels are marked in the chart, happy learning.

sachinnagpal1982

Dow was trading in a channel with signs of distribution. Dow gave a close below this channel. 33500-33700 is immediate support area. Considering all global cues like Russia-Ukraine tension, US inflation is 40 years high, Protests in NZ - I think this support will not sustain this time. 33300 is the next big support after this range. Dow jones could show 30600...

sachinnagpal1982

Hindustan petro Tech analysis - Stock gave a breakout from inverse head & shoulder pattern on a big chart, which clearly indicates a long term trend reversal. Stock price is doing a retracement post breakout, which presents a good buying opportunity. Stock has good dividend yield, so if market goes down that we can hold it patiently. Trade set up - Go...

sachinnagpal1982

Technical analysis - 1. Stock is in overall uptrend and making a series of higher high & higher lows 2. It broke the previous swing this time but not recovering well by making a rounding bottom pattern which indicates accumulation after shakeout happened to remove weaker hands Trade set up - 1. Go long above rounding bottom neckline, which is 56.60 on closing...

sachinnagpal1982

Bullish trade Stock is currently in downtrend Rounding bottom formation in daily chart, neckline breaks at 51.40 that indicates trend reversal Go long after this neckline breaks, keep a SL of 45.50 below on closing basis Pattern will have potential to touch previous swing high that was 61-62

sachinnagpal1982

Long trade, buy above 715, keep a sl of 680 below on closing basis. Good luck.

sachinnagpal1982

Technical analysis - 1. Long term breakout (16 years) above 167 2. Stock is in consolidation mode post breakout 3. Stock is making a rounding bottom on weekly chart Trade set up - Go long, try to buy close to 165 Targets are 181 and 191 SL is below 160 closing

sachinnagpal1982

Technical analysis- 1. Stock is making higher high and higher top formation for the first time after a continuous downfall since 2018. 2. Stock is forming a series of rounding bottom patterns supported by volume action. 3. Stock is bullish and any dip is a buying opportunity. 4. Technically all is well above bottom of last 3 rounding bottoms, which is 120. Trade...

sachinnagpal1982

Technical analysis - Nothing much to mention about the chart, few points - 1. Stock price is on decline post results, and not yet participated in IT stocks rally 2. Stock will give a small breakout above 3250 on closing basis 3. Expectation is to touch previous high and even hit a new high Trade set up - 1. Go long above 3250 on closing basis 2. SL below 3130...

sachinnagpal1982

Technical analysis - 1. Rounding bottom breakout happened but stock price couldn't sustain on daily chart 2. 298 is a technical target using depth of rounding bottom 3. Technically all is well above rounding bottom base line, Use closing below 240 as a stop loss for this trade Trade set up- 1. Buy at CMP and add more on declines for a target of 298 and Sl...

sachinnagpal1982

Technical analysis - 1. Stock and complete sector was in a long term down trend, Metals are cyclic. 2. Stock was making continuous lower low and lower high. 3. First time stock made a higher high after 11 years. 4. Stock recently made a bullish flag and pennant pattern. 4. Technically all is well until stock closes below 100, which is the last swing...

sachinnagpal1982

Technical analysis - 1. Stock is in a continuous up trend 2. Crossed the pre covid highs (2100) in Feb 2021 3. Stock made a rounding bottom formation after crossing pre covid highs, which denotes continuation of uptrend 4. New high 3060 came post rounding bottom formation breakout Trade - 1. Stock is in retracement mode 2. Rounding bottom breakout becomes the...

sachinnagpal1982 Updated 

The best child of Adani house is now looking ready to blast. Symmetrical triangle breakout, ascending triangle breakout coming soon, looks ready for momentum trade.

sachinnagpal1982 Updated 

CMP - 270.80 Multi year breakout after forming a rounding base, cup and handle patterns Stock should not go below 240 292 and 304 looks achievable in short term

sachinnagpal1982 Updated 

Bullish pole and flag pattern Rounding bottom pattern in weekly chart Stock looks bullish for 2880 and 3028 targets