Suprajit Engineering , renowned for its excellence in automotive cable manufacturing, stands as a stalwart in the industry, poised for potential growth and value appreciation. Let's delve into the technical factors guiding this promising swing trading opportunity. Reasons are listed below : A notable breakout has occurred, as the stock successfully breaches...
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern! For target measure the distance from the start of the pattern, at the lowest point of the rising trendline to the flat support line. That same distance can be transposed later on, starting from the breakout point and ending at the potential take profit level!
#BajFinance has been consolidating in this channel since Sep’21 IF and when this breaks, it will be a decisive move and can set the trend for next few months. Mark these levels on your chart so that you do not miss the breakout!
AEGISCHEM go long if it cross 387.15 Entry: 387.20 stop loss: 317.90 targets: 518.95 Time Period: 6-7 months Please consult your financial advisor before getting into the trade.
#WSTCSTPAPR Nice retest of the breakout parallel channel. If this retest holds as support, I think price can bounce nicely in coming day/ weeks. Weekly Stoch RSI also crossing bullish! Expecting 20-30% move minimum.
Taking a long position regardless of the bearish pattern! The stock is down over 50% from its all time high and seems consolidation done! Long in it! Target-2200 Above that TSL!
150 has always been a responsive zone! A position near it with a sl below the rance and target being the resistance! Would like to hold and see if it gives the potential breakout returns! Long in it!
Stock looks good for upside at current levels. S/R zone (in blue) tapped; this zone has acted as a good resistance zone earlier and now should act as a good support zone. Also price has moved back inside the range (marked in orange). I see good upside in stock in coming days.
#EPL At higher timeframe horizontal + Diagonal support. Also, on lower timeframe the market structure has changed to bullish. + Fib supports this pullback + bounce! All in all a good bet for about 20% upside. Let’s see!
#MFSL Max Financial Services Ltd. looks good for more upside. Reclaimed a very important S/R zone (orange); Currently at Golden fib zone. Also, Insurance sector overall seems to be gaining momentum. Expecting an upside of about 20-30% in coming weeks/ months.
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Box Breakout Done . Huge Accumulation Done. Good for Short term and Long term. Target 2400 , 3000 ... Do Follow , Like ,Comment for regular updates... Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
#IPCALAB Stock looks good for another 20-25% move above. A candle close below ₹1100 would trigger me to close the position. 1) There is a bullish pennant forming with measured target of above ₹1400 2) Horizontal previous ATH support - Looks great.
#ITC ITC LTD looks bad here. Market Structure is bearish, price can go lower. ₹445-₹460 can be a good level to short if market gives a chance in future. There is a gap/ inefficiency that price has left above, which might get mitigated in future.
Looks amazing to me - Nice basing formation right at support. I expect this to move to new ATH and beyond. Expecting minimum 10% returns on this. SL will be a daily candle close below ₹1652/- Also, if you apply Stochastic RSI, there is a clear bullish divergence forming on Daily.
#YESBANK Bought some Yes Bank @₹21.65/- Broke out after > 3 years of consolidation. I like this because, the upside target that I have is about 45-50% and the invalidation is simple as well (a weekly candle close back inside the channel)
#PayTM Today’s daily candle is showing the biggest buy volume candle ‘ever’. You know what this typically means? While retailers are selling, Institutions or market makers are building position in it. Price made new low’s and has already reclaimed previous ATH level (dotted line as shown in chart) If price is able to reclaim this dotted line as support - I...
This stock is looki g bullish at cmp with targets of 280+ .