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Positional

Whirlpool - Bounced from SupportWhirlpool closed in positive last month forming a Bullish engulfing candle and managed to close above august month highs( hammer candle) another positive sign. The structure of the stock is maintained as HH and HL Volume was good both on the hammer as well on Bullish Engulfing Candle. Now We have a support zone of 2130-2080 on the monthly chart. if the stock sustains the same, the stock might move towards its previous highs. ie. 2600- 2700 levels in the coming months. Current levels: 2294 Type of Trade: Positional, Support trade
NSE:WHIRLPOOLLong
by manuagarwal21
Antony Waste HDG CELL LTD- Positional CallThe stock was listed with a gain of about 21%, though prices didn't sustain and the stock went below its IPO Price i. e 313-315 and made a low around 250 levels. The Stock bounced sharply from 250, hence it created Spike Candle support around 250 levels, though the bounce was brief and could last for few trading sessions only and created a resistance around 336 levels. From this analysis, we get support and resistance Support: 250Resistance: 336 The stock started falling again after making a lower high around 336 levels and moved towards previously created support around 250 levels, This Time prices took time and tested previous support multiple times ( 4 trading sessions ) and bounced decisively( Shaven Bottom Candles)  from there. Hence 250 support was confirmed again, suggesting buyers are interested here and also ready to pay even when prices started moving higher. Prices Moved uninterruptedly to 336 levels and then moved sideways for few trading sessions. Prices did break this resistance and then this resistance started acting as support and prices are comfortably trading or you can say consolidating above these levels. Now we have a new support zone. i.e 315-336, if prices sustain these levels, it could move fast towards 460  to 490 levels in the coming weeks. CMP 368 Gain Probability of approx 25% ( positional trade} Risk - 15 % Investment Opportunity - 100 % Return one year from now ( My Aggressive Target - I reserve a right to be wrong ) Strategy buy on dips Disclaimer : Only For Educational Purpose, nit recco to buy, please do your own research before trading or investing in the stocks
NSE:AWHCLLong
by manuagarwal21
KANSAI NEROLAC - Picking momentumThe stock has been moving sideways for the past many months ( approx 8 months). Current price action, suggesting that the stock is trying to pick up the momentum on the upside. The stock has created strong support around 530-550 levels. Hence sustaining these supports, stock could move towards 750 and 900 in the coming months. Considering the history of the stocks, am not expecting a fast movement, it will move slowly and could also test your patience. The analysis will remain the same as long it is trading above 500 levels. Buy on dips for me, please do your own analysis, before trading/investing in the stock. Trade Type : Positional SL: Below 500 Share it with others, if you find it informative
NSE:KANSAINERLong
by manuagarwal21
1
WIPRO | PositionalWipro has been on a bull run since the last two months, however the stock is now retracing for the last couple of weeks. The stock is now at a 50 MA position and it seems to be respecting the 50 MA for a long time. The RSI is in the oversold zone and MACD has started fading its negative momentum. The stock is taking support at 23% retracement. Expecting the continuation of bull run in the coming days. Idea - Positional CMP- 526 Target - Next 50 MA crossover SL - 513 Sharing for educational purpose only.
NSE:WIPROLong
by ajaynss6