FILATEX - Poised for a 15-30% UpmoveThe stock is in uptrend in Monthly.
It is poised to break out of an inverse head and shoulder pattern.
Entry - 51.15
Target 1 - 59
Target 2 - 64
Target 3 - 69.
Indianstocks
SWING IDEA - IOB (INDIAN OVERSEAS BANK)With its strong foothold in the Indian banking sector and commitment to providing financial services to customers, Indian Overseas Bank presents an intriguing opportunity for swing traders.
Reasons are listed below :
Strong Support at 55-60 Zone : IOB has established a robust support base in the 55-60 zone, from which the price is rebounding, reflecting market confidence in the bank's stability and resilience.
Bullish Engulfing Candle : A bullish engulfing candlestick pattern on the daily timeframe, engulfing eight previous daily candles, indicates a strong reversal and potential upward momentum in IOB's stock price.
'W' Pattern Formation : The formation of a 'W' pattern suggests a potential reversal and bullish continuation, highlighting the underlying strength and positive sentiment surrounding IOB.
0.618 Fibonacci Support : Finding support at the 0.618 Fibonacci level reinforces the bullish outlook, providing a solid foundation for potential upward movement.
Increase in Volume : Notable increase in trading volumes reflects growing market interest and potential accumulation by investors, adding confirmation to the bullish thesis for IOB.
Higher Highs Formation : IOB has been forming higher highs, indicating a trend of increasing bullish momentum and reinforcing the potential for further gains.
Target - 70 // 82 // 90
Stoploss - daily close below 54
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - ZENSAR TECHNOLOGIESZensar Technologies , a global IT services provider specializing in digital transformation and technology solutions, is showing strong technical signals for a potential swing trade.
Reasons are listed below :
Head and Shoulder Pattern : This classic reversal pattern indicates a potential shift in trend direction. A completed pattern and subsequent breakout could signify a bullish move.
Breakthrough of Resistance Zone : The 500-550 zone, a previously challenging resistance area, has been decisively broken, suggesting a sustained upward trajectory.
Bullish Engulfing Candle on Weekly Timeframe : This formation, where a larger bullish candle completely envelops a smaller bearish one, indicates a strong shift toward upward momentum.
Breaking a Long Consolidation Phase : Zensar Tech has broken out of a 2.5+ year consolidation, suggesting a new bullish phase and increased market confidence.
Spike in Volumes : A significant increase in trading volume often confirms the strength of a breakout, indicating high investor interest and support.
0.618 Fibonacci Support : This Fibonacci retracement level acts as a strong support, reinforcing the potential for continued upward movement.
Higher Highs Formation : This pattern suggests a consistent uptrend, with each high being higher than the previous one.
Trading at All-Time High : Although this is generally bullish, it's essential to monitor for signs of overextension or potential pullbacks.
Target - 725 // 850
Stoploss - weekly close below 535
Disclaimer :
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - PIDILITE INDUSTRIESPIDILITE INDUSTRIES looks good for a swing trade. This stock is a fundamentally strong and is now available at a discount as per technicals.
The Reasons are listed below :
Strong support at 2250-2300 levels.
Formed a strong bullish engulfing candle on weekly timeframe.
0.382 Fibonacci support.
Broke falling wedge pattern i.e a bullish sign.
Holding onto 2450 levels from last 2 weeks.
Target - 2735 // 2918
SL - 2300 on closing basis
SWING IDEA - RALLIS INDIARallis India , a leading player in the agrochemical sector renowned for its innovative solutions and commitment to sustainable agriculture, showcases promising potential for swing trading amidst favorable technical indicators.
Reasons are listed below :
After multiple tests in the 270-290 zone, Rallis India has finally breached the resistance, signaling a significant shift in market sentiment.
A robust bullish candle close on the weekly timeframe, accompanied by massive volumes, underscores strong buying interest and potential for sustained upward momentum.
The price found support at the 0.382 Fibonacci level, adding weight to the bullish thesis and reinforcing the likelihood of continued upward movement.
Breaking free from a consolidation phase lasting over 2.5 years, Rallis India demonstrates potential for a new bullish trend trajectory.
Trading above both the 50 and 200 exponential moving averages (EMA) on the weekly timeframe, with the 50 EMA crossing over the 200 EMA, further bolsters the bullish outlook, suggesting strengthening upward momentum.
Target - 325 // 353 // 392
StopLoss - weekly close below 245
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - GRASIM
Strong breakout on weekly TF
formed a flag and pole pattern which is a continuation pattern
a strong up move expected after a thorough consolidation
SL - 1856
TARGET - 2300 // 2320
DMART - Momentum is building for upside move - Time to go LONG!DMart looks like it has bottomed out, presenting an opportunity for a long trade with a tight stop loss in place!
Trade Idea Explanation:
- Entry Point: Best around 4300+
- Stop Loss: Tight SL to 4100 on closing basis of D tf candle
- **Target:** Expecting a significant upside around 5900++
Stay updated for further insights and trade safely!
If you have liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recomendation. This post is meant for learning purposes only. Please, do you due diligence before investing.
Thanks & Regards,
Anubrata Ray
Paras Defence And Space Tech LONG TERM VIEWParas Defence is forming a Symmetrical Triangle On Weekly Timeframe. The Entry and Stoploss would be considered on Candle Closing Basis.
Entry - Above 800
Stoploss- Below 576
Targets - 1001,1260,1550 and 1760 (These Targets would be achieved in 2.5 years max from the date of entry).
NOTE :- This View is purely based on Technical Analysis and is for educational purposes only. Please consult your financial advisor before taking any trade.
RELAXOHi guys,
In this chart i Found a Demand Zone in RELAXO CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
NAHARSPINGHi guys,
In this chart i Found a Demand Zone in NAHARSPING CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
BEPLBEPL has triangle [atten breakout SL bellow 125 and TGT are mation in chart This chart analysis just for educational purpose not any buy and sell recommendation
LUPIN LTDLupin has consolidation breakout and TGT 2126 SL bellow 1640
This chart analysis just for educational purpose not any buy and sell recommendation
SOUTHBANKHi guys,
In this chart i Found a Demand Zone in SOUTHBANK CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
VIPCLOTHNGHi guys,
In this chart i Found a Demand Zone in VIPCLOTHNG CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
SWING IDEA - CRAFTSMAN AUTOMATIONConsider a potential swing trade opportunity in Craftsman Automation .
Reasons are listed below :
Strong Support at 3700-3800 : The stock has established a solid support level in the range of 3700-3800, formerly a resistance zone, indicating a significant shift in market sentiment.
Bullish Hammer Candlestick : A bullish hammer candlestick observed on the weekly timeframe suggests a potential reversal and uptrend, signaling increased buying interest and bullish momentum.
0.618 Fibonacci Support : Finding support at the 0.618 Fibonacci level strengthens the bullish case, providing a strong foundation for potential upward movement.
Constant Higher Highs : The stock has consistently formed higher highs, reflecting a trend of increasing bullish momentum and reinforcing the potential for further gains.
Double Bottom Pattern : A double bottom pattern has formed on the daily timeframe, indicating a potential trend reversal and adding further confirmation to the bullish outlook.
Target - 5440
Stoploss - weekly close below 3700
Disclaimer :
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - AEGIS LOGISTICS
Aegis Logistics , with its robust market presence and expertise in logistics and supply chain solutions, presents an attractive opportunity for swing traders.
Reasons are listed below :
Cup and Handle Pattern : Aegis Logistics is exhibiting a classic cup and handle pattern, suggesting a potential bullish continuation.
Breakout and Retest : After multiple tests, the stock broke above the crucial 400 level and has now retested it successfully, indicating strong buying interest and potential upward momentum.
Bullish Marubozu Candle : A bullish Marubozu candle on the weekly timeframe, engulfing four previous weekly candles, signals strong buying pressure and potential upward momentum.
Attempt to Breach All-Time High : Aegis Logistics is attempting to breach its all-time high, indicating strong upward momentum and potential for further gains.
0.5 Fibonacci Support : Finding support at the 0.5 Fibonacci level reinforces the bullish outlook, providing a strong foundation for potential upward movement.
Breakout from Consolidation : The stock has broken out from a consolidation phase lasting over three years, suggesting a significant shift in market sentiment and potential for sustained movement.
50 EMA Support : The 50-period Exponential Moving Average (EMA) on the weekly chart acts as reliable support, reinforcing the bullish bias.
Increased Volumes : Notable increase in trading volumes reflects heightened market interest and potential accumulation by investors, adding confirmation to the bullish thesis.
Target - 520 // 600
Stoploss - weekly close below 380
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Good Breakout & PullbackHMT gave good breakout on monthly time frame and have consolidated.
Seems like a good positional pick.
Please do your own analysis and invest.
Advanced Entry setup on Advanced Enzyme Ltd.Advanced Entry setup for Advanced Enzyme?
ABOUT
Advanced Enzyme Technologies Limited is engaged in the business of manufacturing and sales of enzymes. The Co. is the 1st Indian enzyme company with 2nd highest market share in India. It is the 2nd listed integrated enzyme player globally.
FUNDAMENTAL
Since we are looking at the weekly chart, it becomes very important to check the fundamentals.
• Company is almost debt free.
• Company has been maintaining a healthy
dividend payout of 20.9%
• OPM % increasing you
• Cash Flow positive
• FII and DII increasing shareholding.
TECHNICAL
• On a weekly TF, we can see a cup and handle pattern and the formation is completed.
• Increasing volumes are increasing the chances of a breakout
• RSI is at 60, indicating a potential buying strength and is not overbought.
• Trading above 50, 100 and 200 EMA indicating bullishness.
ENTRY, EXIT, TARGET, STOPLOSS
- If you are a risky trader you can buy some qty at the CMP or above previous day high and add more on breakout.
- If you are a risk averse trader then buy some at breakout and more at retest.
- The safe buying zone is above 424 and little aggresive players can add above 410.
- Since the duration of holding is around 6 - 9 months, don't place SL, but if you want to then SL should at 350.
- Target 1 is 480, Target 2 is 570
Happy Trading :)
Advanced Entry setup on Advanced Enzyme Ltd?Advanced Entry setup for Advanced Enzyme?
ABOUT
Advanced Enzyme Technologies Limited is engaged in the business of manufacturing and sales of enzymes. The Co. is the 1st Indian enzyme company with 2nd highest market share in India. It is the 2nd listed integrated enzyme player globally.
FUNDAMENTAL
Since we are looking at the weekly chart, it becomes very important to check the fundamentals.
• Company is almost debt free.
• Company has been maintaining a healthy
dividend payout of 20.9%
• OPM % increasing you
• Cash Flow positive
• FII and DII increasing shareholding.
TECHNICAL
• On a weekly TF, we can see a cup and handle pattern and the formation is completed.
• Increasing volumes are increasing the chances of a breakout
• RSI is at 60, indicating a potential buying strength and is not overbought.
• Trading above 50, 100 and 200 EMA indicating bullishness.
ENTRY, EXIT, TARGET, STOPLOSS
- If you are a risky trader you can buy some qty at the CMP or above previous day high and add more on breakout.
- If you are a risk averse trader then buy some at breakout and more at retest.
- The safe buying zone is above 424 and little aggresive players can add above 410.
- Since the duration of holding is around 6 - 9 months, don't place SL, but if you want to then SL should at 350.
- Target 1 is 480, Target 2 is 570
Happy Trading :)
SIWNG IDEA - MOTHERSON SUMI The current market conditions suggest a favorable buying opportunity in MOTHERSON SUMI , presenting astute investors with the possibility of capitalizing on potential gains.
Reasons are listed below :
Following rigorous testing at the 98 levels, the resistance has shown signs of weakening, heightening the likelihood of an imminent breakthrough.
Stock is in Uptrend i.e higher highs are being made.
Price moved from 62 to 103 and then retraced till 0.382 Fibonacci level and is now breaking out.
Price is above 50 and 200EMA i.e the trend is intact.
Target - 123 // 134
StopLoss - Weekly close below 90
SWING IDEA - ACCACC has recently emerged as a focal point of interest, presenting a promising buying opportunity when analyzed through the lens of technical indicators.
Reasons are listed below :
The 2080 levels underwent multiple tests before the price eventually broke through. Currently, the price is in the process of retesting those levels.
A bullish marubozu candle is formed on daily timeframe.
0.382 Fibonacci support.
Broke strong consolidation of 308 days.
The stock price is above 50EMA and 200EMA i.e the trend is intact.
Target - 2397 // 2635 // 2777
StopLoss - Daily close below 1970
#TATACONSUM looks great for long#TATACONSUM looks great for long and is breaking out of diagonal resistance. Also, we can see MA compression and also price piercing through the MA's nicely.
Volume also supporting this upmove. Overall, this looks like a nice breakout in process after consolidation.
HDFC BANK _ Reached Pole TargetHDFC BANK _ Falling Wedge Pattern formed and Breakout yesterday. Today Reached Falling wedge Pole Target and Channel Top.
