CONCOR - ATH closing. We have a new ATH closing on weekly basis. But we also have an extended wick at the same region which implies that bears can jump in at the last moment. Risky investors can buy at CMP and add more on dips up till 720 levels. Safe investors should enter only above 750 levels (weekly close) Targets 842.15 & 891. REASONS - Container costs...
RALLIS - Early entrant Watch the price action structure. It has taken support of the channel bottom. It has excellent business model which is sustainable and scalable in the near future. Current levels are an excellent entry point with SL as 200 ema. short term targets - 350 & 380.
Cyclical stock. Channel Breakout. Direct beneficiary of the Diwali season. Enter with a SL of 520.
Miniscule breakout accompanied by POC support. Potential up trend.
Momentum Buildup Look at the chart structure here. The price has been falling however, RSI has been Building up momentum. Classic Bullish divergence.
Potential breakout stock followed by good fundamentals.
Wait for a daily close above 1870, For the above foresaid targets.
We have a breakout from parallel channel. Set up looks good
1. Pinbar candle at 50 EMA 2. Pinbar candle at demand zone. 3. Price came down with less bear volumes. A possible bullish setup for futures trade
Entry - 385 (weekly closing) Stop loss - 338 Target - 446 & 509 Fundamentals - Very good
1. Crossed POC with strong momentum. 2. Pindar formation at POC & middle of channel. 3. Price came down with low bear volumes.
S&P 500 vs VIX Explanation - 1. S&P 500 - The S&P 500, is a stock market index tracking the performance of 500 large companies listed on stock exchanges in the United States. 2. VIX - represents the market's expectations for the relative strength of near-term price changes of the S&P 500 index (SPX). To put it simply - VIX has an inverse relations with the...
WELSPUNINDIA - CASE STUDY 1. The stock came down with literally no Bear volumes . 2. It took the support of 50 EMA. 3. The bears tried very hard to bring the price further down, but were exhausted at the red line (POC). 4. Smart money had been accumulating at the red line since past many days. 5. Finally Bulls took control and the power of smart money was seen...
If it manages to close above the red line today, we will have a 10 year Breakout!! The returns from this sector could be massive.
we have a fresh breakout from a descending channel, followed by 21 EMA support. Also note that a bottom has been made around 2640. A tradeable setup for the September series.
Can be considered for new investment purposes. For intraday trading, enter above the highest candle close.
The price came down with no bear volumes. Expect massive gains soon
Go long a) if we get a daily close above 208. Targets - 220 - 223. Further go long, b) if we get a weekly close above 225 Then target - 280 Stoploss in both case - 180 REASONS - 1. Monopoly stock. 2. Going to be listed in FNO next week.