Nsestocks
$NSE:ELECTCAST READY TO CAST NEW HIGHNSE:ELECTCAST is getting casted to cast new high's. As you all can see and observe the charts, The charts have formed double bottom along with ascending triangle pattern.
While writing this price has already broken out through ascending triangle and checking for volumes they have been good since last three months. Since this stock has already given 2x from march to till date it is risky buy here for me.
But still seeing the stocks technical and fundamentals this stock is so good to be true. We could see institutional buying and the chart is also showing bullishness with strong technical volume data.
Note:- Set Stop loss according to your apatite.
As indicated the new target for this stock with CMP:- 210 would be
1. Short term Targets
225
230
2. Mid Term Targets
240
255
3. Long Term Target
269
280
299
If all goes well soon Electro steel cast will cast new highs.
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Disclaimer
The above analysis posted is only for my reference. And it is not investment advice. These post are for educational purpose only. Please DYOR before investing you hard earned money. I am not responsible either for you profit or losses you make out of my analysis.
ICICI Prudential: Breakout on Strong VolumeICICI Prudential has successfully broken through a key resistance level with strong volume, indicating potential for further upward movement. The stock shows significant bullish momentum, supported by high trading volume, confirming the reliability of this breakout. Traders should watch for continued strength in the coming sessions. Proper risk management is essential, with attention to support levels below the breakout.
Grasim Industries: Bullish Flag BreakoutGrasim Industries has formed a bullish flag pattern on the daily chart, signaling a strong continuation of the uptrend. The recent breakout is supported by high trading volume, which adds to the reliability of this pattern. Traders should watch for further upward movement as the bullish momentum continues. Proper risk management is advised, with attention to potential support levels below the breakout point. Stay tuned for updates as we monitor this promising setup.
Blue Dart Breaks Out with Ascending Trend Line and Bullish FlagBlue Dart Express has broken out of resistance with strong volume, confirming a bullish momentum. The stock is following an ascending trend line and has formed a bullish flag pattern. Traders should watch for a target price of 8900 with a stop loss set at 8190. The continuation pattern confirms bullish momentum. Keep an eye on this stock for potential gains.
Reliance Industries Bullish Flag BreakoutReliance Industries Ltd has confirmed a bullish flag pattern breakout, indicating strong upward momentum. The target for this breakout is set at 3340, with key support at 3095. The breakout is supported by high volume, suggesting strong buying interest. This setup presents a promising opportunity for traders looking to capitalize on further upside potential. 📈
Cummins India: Breakout Above Resistance Fuels Bullish ContinuatCummins India has followed a dynamic path, initially riding an ascending trend line, entering a phase of consolidation, and now breaking above key resistance to continue its upward trajectory. This breakout is a significant bullish signal, indicating strong buyer interest and potential for further gains. Traders should monitor for stability above this new resistance-turned-support level, which could pave the way for continued bullish momentum.
KM SUGAR a Good Pull back play hereCame across this stock which is its Stage 2 Advance
- Good Earnings
- Positive OBV which shows that the stock is being accumulated by big hands
- RS ( Relative Strength) - Performing better
Nice Tightening up with low volume a stop limit buy with 5% risk looks like a call !
** Not a Financial Advice. **
** DYOR **
BSE ltd - what's my trade plan 📈💡NSE:BSE
Performance: BSE LTD's performance in the market has been stable with significant growth in its key business segments.
Market Dominance: BSE LTD continues to dominate as one of the leading stock exchanges in India, dealing with a wide array of asset classes.
Technological Advancements: BSE LTD has made significant technological advancements to provide efficient and robust trading systems.
Revenue Streams: BSE LTD has diverse revenue streams such as transaction charges, depository charges, membership fees, and listing fees, contributing to its stable financial performance.
Regulatory Compliance: BSE LTD operates under strict regulatory compliance, ensuring the interest of investors.
Partnerships: BSE LTD has formed strategic partnerships globally, enhancing its market reach and influence.
Investment Opportunities: With a high potential for growth, BSE LTD presents promising investment opportunities for traders and investors.
disc: Invested , will look for averaging up
Coromandel International (NSE: COROMANDEL) ForecastWait for the weekly close
Based on the daily chart for Coromandel International (NSE: COROMANDEL), here is the summary:
Key Levels:
- Breakout Level: Around 1287-1290
Current Price:
- Current Price: 1287.85
Chart Analysis:
1. Ascending Triangle Pattern: The stock has formed an ascending triangle pattern, a bullish continuation pattern, which it has recently broken out of.
2. Breakout Confirmation: The breakout from the ascending triangle indicates a potential upward move.
3. Targets:
- Short-Term Target 1: 1320
- Short-Term Target 2: 1380
- Long-Term Target 1: 1450
- Long-Term Target 2: 1700
Strategy:
- Entry: The stock has already broken out of the ascending triangle. A potential entry point would be on a pullback to the breakout level (around 1287-1290) or on confirmation of sustained upward momentum.
- Stop Loss: Consider placing a stop loss below the breakout level, around 1260, to manage risk.
- Targets:
- For short-term trades, consider taking profits at 1320 and 1380.
- For long-term trades, the targets are 1450 and 1700.
Conclusion:
- The stock has shown a strong bullish breakout from the ascending triangle pattern. The breakout suggests a continuation of the upward trend, with short-term targets at 1320 and 1380, and longer-term targets at 1450 and 1700. Monitoring the price action around the breakout level is crucial for confirming the trend and making informed trading decisions.