£INFIBEAM 17 TGT 26 47% Buy Recommended - Rachit SethiaINFIBEAM 17.75
TARGET 26
SL 13
Return 47%
RR > 2
TF < 6 Months
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
OFSS
Tata Comm to move like OFSS?Tata Communications has posted fast revenue growth in the latest earnings release. OFSS moved up 28% in a single day after stellar results.
Tata Communications has consolidated in this range for a while and looks good to move up from here if it crosses today's high price. DMI also looks bullish
Entry - Above 1800
Stop Loss - 1680
Target - 1960
Trade set-up_OFSS can give a breakout and rally 10% thereafter!The stock has been attempting to move beyond the INR4200 mark since September 2023 but its every attempt in past was met with some strong supply around the 4200-4250 zone preventing it from moving beyond.
In this ongoing tussle between the buyers and sellers in the past three months the stock made at least 3 attempts to breakout above 4200 and the very same 3 attempts of the stocks are now clearly visible on the chart as an "Inverted Head &shoulders" pattern.
The neckline of the pattern stands at the same old supply zone of 4200-4250.
On decisive close above the 4200 mark and also upon breaking out from the inverted H&S pattern the stock can rally nearly 10% towards the INR 4600 region.
CMP - 4166
SL - 4078(2.4%)
TARGET - 4600(10%)
RR - 1:4
OFSS counter trend rally OFSS is in counter trend rally as a wave ABC, in which wave A and wave B are completed and now possibly we are ready to unfold wave C of B retracement in daily time frame.
Price is in upper part of Bollinger band in daily
Macd in daily positive crossover and Uptick
Macd in weekly positive crossover and Uptick
Rsi in daily above 60 uptick
Dmi adx also positive in daily time frame
Most traders treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you....!
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing
I am not responsible for any any kind of profit or loss
OFSS at multi timeframe supportThe stock is trading near-monthly and weekly price support i.e 2930-3020
Keep an eye on the price action near these levels for any bottom/reversal formation.
Bullish divergence near these levels can be seen on the daily chart.
Wait for more such positive confirmation in price action for initiating any positional trades in the stock with great RR.
OFSS CHANNEL PATTERNHello
Welcome to this analysis about OFSS , we are looking at daily timeframe perspectives. OFSS is developing here that will be a decisive factor in the upcoming times. I discovered the main formation OFSS is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how OFSS has emerged with this key channel pattern marked in my chart with boundaries. which is an important resistance and also psychological resistance-mark together with the lower-boundary of the channel-formation a pullback
In this manner, thank you for watching my update-analysis about OFSS and its major channel-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
CYPHER IN OFSS - consolidating Cypher pattern is apparent on hourly chart of OFSS and stock did bounced from its prz around 2300 levels.
Currently its trading in the narrow range near the 2370 levels from past two sessions, if see a break above this levels , they we may see move towards 2470- 2580 levels.
The said view will be negated below 2280 levels.