weekly - took support at 50EMA Daily - Took support at support line. Good breakout with volumes. Change in structure from LL to LH to HH. Target = 1499 INR SL = 905 INR RR is good.
Trade setup: 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;...
Trade setup: 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
Trade Setup: Weekly: Inverse HnS pattern breakout with volumes (highest volumes since its inception). Broke the longterm trendline (in Red colour). Daily: 20EMA > 50EMA > 200EMA (golden cross). Entry = 615 INR (accumulate until 580 INR) SL = 570 INR Target = 722 INR
Trade setup: Weekly: Crossed longterm trend line (red colour) with volumes, and sustained this time. Daily: golden crossover (21EMA > 50EMA > 200EMA) Entry = CMP (1133 INR) or wait for retracement to breakout zone (between 995 INR - 1050 INR) SL = 950 INR Target = 1202 INR (T1) and 1322 INR (T2) Fundamental Analysis: Oriental Carbon & Chemicals Limited is...
Trade setup: 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 SL =...
After inverted HnS, strong weekly closing done above the resistance line, with huge volumes target = 1130 INR
Pattern repeating on a long term. symmetrical triangle breakout done on weekly chart. target = 18634 INR SL = 14180 INR
Trade setup: 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...
Trade setup: 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...
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). Trade setup: Monthly: Crossed multi-year trendline with volumes and a strong bullish candle (string...
Trade setup: 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...
Trade setup: 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.
Trade setup: 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. 3....
Interesting setup, and good RR possible. Weekly TF - Breakout out multi-year trend line, and retracement done. Price refusing to go below previous week low ie; 731,8 INR. Wait for weekly closing above 200EMA, and break of trendline to take a trade.
Stock took support at trendline. good breakout on daily (change from LL to LH & HH) and weekly chart. Initial target = 100 INR (Psychological barrier).
Cup and handle formation. entry only after breakout of resistance line. Volumes picking up day by day. Once done, trade can be targeted for 1.618 fib levels ie; 5148 INR SL could be placed below 50EMA
for last 2 weeks, whenever there is a rise in price, there is a rise in volume; indicating interest. change in structure from LL to LH to HH. SL = 330 or 370 depending on your risk apetite. Once 435INR is crossed, Target could be IPO price = 500 INR. RR is good.