sfk1229

sfk1229

SYMPHONY looks good by breaking out monthly trendline resistance. It has long way to go as per techincal chart view. STOPLOSS will be channel lower line. Lets plan for long term investing.

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SUMICHEMICAL looks strong breaking out in weekly timeframe. It closed above weekly support line during heavy volatility on June4. So need to see whether it closes above weekly support line this Friday Need to plan trade accordingly.

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AARTI INDUSTRIES is forming Inverted H&S. Currently in forming right shoulder, waiting for reversal signal. It will be a good trade if planned well. Targets will update once i see reversal in chart.

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RICOAUTO broke out monthly resistance, now it is in retest of breakout. Blue zone(105-115) might be good accumulation zone until monthly close is above 106.

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CAMPUS broke Inverted H&S with good Q4 results. It will now reach channel upper line. Need to plan trade accordingly.

sfk1229 Updated 

CAMPUS/CNX500 Ratio chart shows stock is showing strength. It broke Trendline and making Inverted Head & Shoulder. Need to break resistance to outperform cnx500 stocks. When market is down, I think campus is going to be strong stock or if market is good, campus might outperform. Lets plan accordingly

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IRFC ran lot and still on fire as per chart analysis Trade plan as per the chart Have taken a position by keeping trendline breakdown as stoploss 135 can be stoploss for risky traders

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SJS looks good on chart It is near Trendline, Risk reward is very good. good to enter but make sure to keep trendline breakdown as stoploss for safe trader.

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UCO bank chart looks good, It has formed a traingle pattern and trying to brekout along with other PSU banks. It may touch 85. Plan Accordingly with Trendline as Stoploss.

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Silver looks good. Silver Brokeout of Monthly Trendline and Horizontal Resitance also. I will take more silver expecting 35$ and 50$ as Targets if it closes monthly above 30$. Lets see and plan accordingly.

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CONFIPET weekly chart shows coming to trendline. Will give a good Risk:Reward setup. Waiting for good reversal setup near trendline. After confirmation will plan a trade.

sfk1229 Updated 

Cromton Greaves broke out weekly Trendline. But need to break horizontal resistance Good trade if planned well

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SIlver might outperform Gold from the chart analysis. Need to see monthly close above Trendline for confirmation. Then we can plan more concentration in silver than gold in case of any equity market downside.

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Central bank has made Inverted head & Shoulder and brokeout and made long run along with all psu banks. Now im waiting for perfect entry anywhere at drawn trendlines. Lets see..... This should creat good moeny if planned well with position size and risk management

sfk1229 Updated 

Other way to look at chart - Long It is at monthly trendline retest zone

sfk1229 Updated 

CAMS already character changed to uptrend, going for 1st breakout of structure Lets plan trade according supports & resistance as per subjective risks

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Biocon brokeout in weekly CCI Indicator is crossing 50 zone Trade with plan

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JKPAPER looks forming Inverted H&S. Currently in right shoulder. Pros Good Risk:Reward pick. Cons: It broke down parellel Channel which might be a downtrend in Daily chart atleast. So StopLoss to be followed. Be Cautious: Broader market is not participating in recent upside of market. So follow stock specific stoplosses.