BEARDSELL- LOOKS SUPER ATTRACTIVE FOR LONGHello Friends,
Here we had shared possible Elliot wave counts of BEARDSELL LTD (NSE), which is Showing that we are currently in impulse wave in which we have completed Wave ((1)) and ((2)) of some degree and now we are in wave ((3)) in which we have completed wave (1) and (2) and currently we are unfolding wave (3) and again in which we have completed wave 1 and 2 and are going to unfold wave 3 of wave (3) of wave ((3))
Stock also gave the breakout of cup and handle pattern which also giving bullish bias and All the supporting indicators are also having bullish bias for this stock in dual time frame of which snapshots are mentioned below.
overall Elliot wave structure shows that stock has completed corrective WAVE ABC as flat correction in 3-3-5 waves which expanded till 1.618 fib levels and currently we are in impulse wave.
current scenario of Elliot
Cup and Handle chart pattern
stock went sideways after giving breakout of cup and handle pattern on 28th july 2022, and recently on 25 may 2023 stock again gave breakout of downward sloping trendline with good intensity of volume
Price challenging upper bollinger bands
price is trading above 50DEMA, 100DEMA and 200 DEMA
MACD in daily time frame
MACD in weekly time frame
RSI in daily time frame
RSI in weekly time frame
overall the scenario for BEARDSELL LTD is showing bullish bias
Disclaimer
I am not SEBI registered analyst
please consult your financial advisor before taking investing decision
i am not responsible for any kinds of your profits and losses.
Breakoutstocks
IEX NEAR BREAKOUT LEVEL !!!The price consolidating well in a range of 128 To 154, and now price trading near the breakout level. If price breaks the level of 154 and closes than sharp upmove can possible in next coming trading sessions./b]
#IEX (W)
👉 Stock Consolidating well👍
👉 Support 128 below that 108📈
👉Breakout possible above 154+📈
👉Buy Above Breakout Confirmation🎯
👉Keep On radar✅
PETRONET BREAKOUT SOON !!1 The price was taking resistance from the long time. Price taken support from the support zone and now trading near resistance and resistance area of 226-232.If price breaks the level of 232 and closes than good move possible towards the upside. After breakout can enter in long position for the target of 230/260/300 in next coming trading sessions.
#PETRONET
👉 Chart Setup looks good👍
👉 Breakout Possible Above 232-34📈
👉Above Breakout Good Upmove can be seen📈
👉Buy Above Breakout For 230/260/300+🎯
👉Keep On radar✅
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
JBMA - Long viewThe price has broken out from its consolidation area and has now picked up an upward movement.
One can buy JBMA above 504 for a price target of 554 with a stop loss of 478
The views presented are of the author and is for educational purpose only.
Kindly consult your financial advisor before investing.
Manyavar (Vedanta Fashions) : Breakout Candidate#MANYAVAR : Flag & pole Pattern on Daily Chart.
Considering the Wedding Season, Stock Should Breakout Soon and Show Good upside.
Good Strength & Upside Possible.
Take 10% & Keep Trailling
Keep Loving, sharing & following for more Learning.
Happy Trading !!!
08MPD: 1ST TARGET 248%HELLO FRIENDS!
NIPPON INDIA MUTUAL FUND has shown good volume with trendline breakout. In this chart we'll take entry at current price considering stoploss below the 6ma candle close. We can take a chance in this chart as all the stocks related to this fund showing good momentum with huge volume below.
Our 1st target is 248% as per my advance technical analysis.
Please refer to the chart for details.
DISCLAIMER: PLEASE TRADE AT YOUR OWN RISK. I SHARE MY IDEAS AND ANALYSIS FOR EDUCATIONAL PURPOSES ONLY.
Buy TINPLATEHigh Probability Trade
Timeframe Used:
Weekly
Trade Frame:
Few Weeks/Months
Why Buy ?
-> Simple Price Action, Price making HH-HL.
-> After reaching ATH, price retraced from 50% Fib levels and has given a nice breakout with Volumes
-> Nice CUP breakout on longer TF
For Swing:
Buy Above: 325
Stop Loss: 280
(Weekly Closing Basis)
Targets: 345, 375, 400 ++
Trail your SL above 350
For Midterm:
Buy Above: 325
Stop Loss: 250
Add More around 300 levels, add at every dip till 280
Ride this stock for long !!
RBL Bank - Bullish Breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NIFTY OUTLOOKSome part of NIFTY's bullish journey might still be remaining!!
Nifty exiting the 10-year-old channel and 14-Day RSI now confirming the break shows all signs of bullishness and none for the bears
We can stay long on NIFTY as long as there are no major reversal signs in price action or indicators like RSI
I can be wrong .....but the top for the market is yet to come and we can find NIFTY @ 17366 in August or by mid-September
THIS IS A MEDIUM TO LONG TERM VIEW and short term trades should be taken after confirmation with price action and indicators on the respective daily and weekly charts.
*****THIS IS NOT A INVESTMENT RECOMMENDATION (Just my views). Please consult your investment advisors before making an invt decision.******