#ALOKINDS long term buy setup (24/08/2024)Greetings Folks,
today i have prepared a setup on NSE:ALOKINDS on NSE
the analysis is as follows
- the price is now trading near a very important resistance which has been tested many times now. The more times a resistance gets tested, the weaker it gets
- the price has took support from the 0.5 fib levels, it might test it again or move down to 0.618 levels
- i have also marked a support zone from where the rally started, use it when the price breaks the fib levels
- if the price breaks the zone too, use the last swing i have marked as liquidity
dont play with fire, always use a predefined stoploss according to your risk management
ALOKINDS
#KPRMILL 684 target 800 Buy - Rachit SethiaKPRMILL
CMP 684
TGT 800+
SL 625
RR = 2
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
#ALOKINDS TRADE IDEA SETUPGreetings Folks,
today i have prepared a setup on ALOKINDS on NSE
the setup is as follows
- the stock is in good uptrend
- right now in my view it needs retracement
- there is a imbalance which needs to get filled for further uptrend
- price broke the previous highs with good volume
dont play with fire, always use predefined stoploss
#SIYSIL CMP 596 TGT 754 Buy Recommendation by Rachit SethiaSIYSIL
CMP 596
TGT 754
SL 516
TF <6M
RR >3.4
Return >32%
NSE:SIYSIL
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Bearish ButterflyClear example of bullish butterfly pattern here getting to same heightS and falling back to the ground only bulls play here