Monthly: Forming inside bars from green candle formed in March21. Hammer & doji's formed at the bottom of down trend (positive).
Weekly: Crossed the longterm trend line (red colour), and retest happened. As a confluence, broke out of wedge pattern with volumes, and retest happened. The bottom trend line (pink colour) acting as support. Crossed 50...
Weekly: Making a round bottom. Crossed resistance of 560 INR with volumes. Trading above 50 EMA (sloping upwards) & 200 EMA
Daily: slope of 50 EMA and 200 EMA is upwards indicating momentum. Took support (long wick) on 50 EMA as well.
Entry = CMP ie; 613 INR
SL = below 560 INR. Consider 550 INR as SL (with buffer) on weekly closing basis
stock is moving in symmetrical triangle.
Weekly: 50EMA providing support. Doji's are formed at bottom of the trend.
Daily: 200 EMA acting as support. Bullish engulfing candle (engulfed last 4 days red candles) with reasonable volumes.
Entry = 1434 INR
SL = 1339 INR or 1300 INR based on your risk apetite.
Target = 1630 INR
RR = 2.1
Weekly: many confluences (1) Broke the long term trendline (red colour), did the retest, and the stock is bouncing back again with volumes. (2) took support at 50% fib levels on retracement. (3) took support on bottom trendline (pink colour). (4) change in structure from LL - LH to HH - HL.
Stock can make violent moves in few days.
Entry = CMP ie;...
Note: This is just a paper trade.
Daily: broke the descending triangle or falling wedge, with above average volumes.
entry = 1652 INR
SL = above 200 EMA (1727 INR).
Target = 1532 INR (next support zone).
RR > 3
Added this defensive stock today to my portfolio. Have not participated in this bullish cycle until now.
Weekly: 50EMA providing good support for years. Stock is moving in HH - HL formation (wedge formation) or ascending triangle. Respecting the trend line as well (solid pink line at bottom). All these factors to good confluence.
Weekly and Daily: Excellent breakout from multi-year resistance with bullish candle (negligible wick) and huge volumes. Taking support at trendline.
Entry = invest 25% now, and invest rest on retracement between 6000 INR and 6200 INR.
SL = below high volume candle (weekly TF) ie; 5290 INR
Target = 1.618 levels of fib = 7808.55 INR
Monthly - Classic breakout pattern. Broke out of ascending triangle, multi-year breakout of trend line, retest and zoomed up. Took support at 50EMA (confluence).
Daily / Weekly - broke out of resistance zone (between 680 INR and 710 INR), retest and formed a bullish engulfing candle (daily), with pennant formation (daily).
Entry price = 745 INR
Monthly: change in structure from LL-LH to HH.
Weekly: Crossed multi-year trendline. Change in structure from LL - LH to HH. Huge spike in volumes. Crossed 50EMA (never done after 2018) with strong bullish engulfing candle and volumes.
Entry = wait for retracement between 80 INR to 90 INR. Brokerage stocks in flavor.
SL = 50 INR (swing low) or below...
It's a risky bet with markets at ATH, but very much undervalued company with a good RR.
Posted very good results. Trading at a PE <3, with a book value of 629 INR.
Personally, i will wait for a dip and accumulate (when nifty falls to 15500-600 region).
Monthly: Crossed multi-year trendline with volumes and a strong bullish candle (string...
Daily: breakout from rectangle (sideway movement) and retest done. Could slowly accumulate 50% here and rest 50% buy the share with every 2% decline.
Weekly: volumes dropping as share price falls (positive sign). GMM has never broken 50EMA. High probability that, it could rebounce now as well.
Entry price = 4525 INR
Stop Loss = 3915 INR or 3380...
Weekly: Bullish breakout from parallel channel & long-term trendline with huge volumes. crossed 50 EMA with volumes.
Monthly: shift in trend from LL to LH. More confirmation after HH is achieved (from LH). Crossed 21EMA with volumes.
Entry = only after the break of resistance @730 INR.
SL = below 530 INR.
debt free company, and one of the fastest...
Weekly & daily: crossed long-term trendline (red line) & resistance (blue box) with volume and bullish candle. 50EMA >200EMA as well. Weekly closing was above psychological resistance of 100 INR.
Company key take aways (fundamentally):
1. Company is 100% debt free.
2. The main source of income for the company is by the way of dividends.
Daily - Broke out of ascending triangle with a bullish engulfing candle and good volumes. Crossed 50EMA and 200 EMA as well. Took support at long term trendline (since 2019).
Weekly - crossed 50EMA as well, after forming a couple of doji's.
Target = 422 INR (T1). Above that, gap will be filled, with T2 = 440 INR.
SL = blue box below ie; approx 365 INR.