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Positional

Positional trade setup for Astral LtdThe chart for Astral Ltd. shows a potential reversal pattern after a prolonged downtrend, where the price has bounced off a key support level near ₹1850-1900. This level acted as strong support, and the stock is showing signs of recovery with recent bullish candles indicating renewed buying interest. Observations: Support Zone: The stock has tested and respected a strong support zone near ₹1850, which coincides with a recent bottom formation. Recovery Signal: A bullish momentum is visible as the stock has crossed back above the ₹2000 level, with a notable upward move. Positional Trade Setup: Entry: Aggressive Entry: Buy at the current levels of ₹2025 since the stock is in an upward trend from the support zone. Conservative Entry: Wait for a slight pullback towards the ₹1950-2000 range for a better entry after a potential retest of the breakout level. Target: First Target (T1): ₹2250-2300, based on previous swing highs and resistance levels. Second Target (T2): ₹2450-2500, if the stock continues its upward momentum. Stop Loss: Place a stop loss just below the recent support at ₹1850, which would invalidate the bullish setup if broken. Timeframe: This is a positional trade setup, so it could take a few weeks to a couple of months for the targets to be achieved, depending on market momentum. Risk Management: Position Size: Use moderate position sizing considering the stop loss is around ₹170 below the current price, offering a decent risk-to-reward ratio. Trailing Stop Loss: Once the stock reaches ₹2200, you can move your stop loss to ₹2000 to lock in some gains. Summary: Entry: Buy at ₹2025 (current level) or on a pullback to ₹1950-2000. Stop Loss: ₹1850. Targets: ₹2250-2300 (T1) and ₹2450-2500 (T2). This trade setup takes advantage of the bounce from key support, with the potential for a continued upside if the overall market remains bullish.
NSE:ASTRALLong
by RajputAmarjit
Hariom Pipe Industries Ltd. (NSE) Positional trade IdeaObservations: Current Price: ₹764.40, with a 5.77% increase on the day. Resistance and Support Levels: Resistance near ₹800 (marked by the green horizontal line). Support near ₹715 (marked by the red horizontal line). Trend: The stock has been in an uptrend but appears to have corrected recently and is now bouncing off a support level. Indicators: The stock is trading close to its TEMA (Triple Exponential Moving Average) lines (TEMA 8, 13, 21). The price has bounced near the support and may retest resistance levels soon. Trade Ideas: 1. Long Position (Bullish Strategy): Entry: If the stock sustains above ₹765 (current price), one can consider entering with the expectation of an upward move towards ₹800 and beyond. Stop Loss: Place a stop loss around ₹715 (below the recent support line). Target: First target at ₹800. If broken, the next resistance could be around ₹850-₹875, which may offer further upside potential. 2. Short Position (Bearish Strategy) if Support Breaks: Entry: If the stock breaks below ₹715 and sustains, one can consider a short position. Stop Loss: Place a stop loss around ₹765. Target: First target near ₹680, with a potential further downside toward ₹650 if the bearish trend continues. 3. Wait for Breakout/Breakdown (Neutral Strategy): If you prefer confirmation, you could wait for a clear breakout above ₹800 or a breakdown below ₹715 to initiate a trade. Breakout Trade: Enter long above ₹800 for a target of ₹850+. Breakdown Trade: Enter short below ₹715 for a target of ₹680 or lower. Risk Management: Keep your risk-to-reward ratio favorable, at least 1:2. Stay alert for any macroeconomic news or sector-specific developments that might impact the stock’s price action.
NSE:HARIOMPIPELong
by RajputAmarjit
Ritco Logistics Ltd. presents a potential positional trade.Key Elements: Entry: Around ₹330.50. Stop Loss: Around ₹307.65. Target: Around ₹374.70 (upper range of the highlighted green box). Pattern: The price appears to be in a descending triangle pattern, which typically indicates consolidation with potential for a breakout. Given the price action and narrowing range, a breakout to either side could be expected. Trade Idea: Buy Entry around ₹330.50, if there is a breakout above the triangle. Stop Loss should be placed just below ₹307.65. Target is set at ₹374.70, giving a good risk-to-reward ratio if the trade moves in the anticipated direction. Indicators: The chart also includes Exponential Moving Averages (EMA) for periods 8, 13, and 21, which seem to be flat, indicating sideways momentum, but could signal the start of a trend after the breakout. Notes: Ensure to monitor volume during the breakout for confirmation. A significant increase in volume could reinforce the breakout’s credibility. As this is a positional trade, it may take some time for the price to reach the target level. This is just an idea based on technical analysis, and you should consider risk management and other factors before making the trade.
NSE:RITCOLong
by RajputAmarjit
GALAXY SURFACTANTS - 70% ROI Potential Stock Mid Term Idea A Fresh stage 2 Multiyear Flag breakout move. Why I consider this attractive ? 1) The stock has broken out of a 3 year old consolidation zone - Flag Breakout. June 2021-Aug 2024 2) The stock as compressed for 2 months at the breakout level. 3) Overhead supply is very minimal. 4) Daily has broken out of the compression at Flag Breakout level, retested and given a good breakout again, indicating solid buyers strength. Flag targets at about 5400.
NSE:GALAXYSURFLong
by Rugminik
Positional trade setup for Century Enka LtdStock: Century Enka Ltd Current Price: 776 Stop Loss: 634 This suggests a bullish outlook. Potential Positional Trade Idea Long Position: Rationale: The wide stop-loss indicates a strong conviction in the upward movement of the stock. Given the current price of 776 and a stop-loss of 634, there's a significant potential upside. Target: Determine potential targets based on technical analysis (like resistance levels, Fibonacci retracements, etc.) or fundamental analysis (like earnings estimates, industry trends). Risk Management: The stop-loss of 634 is already in place. Consider additional risk management strategies like trailing stop-loss or position sizing. Essential Considerations Technical Analysis: Conduct a thorough technical analysis to identify potential support and resistance levels, trendlines, and chart patterns. Fundamental Analysis: Evaluate the company's financial health, industry trends, and competitive landscape. Risk Tolerance: The chosen stop-loss indicates a high-risk appetite. Ensure this aligns with your overall investment strategy. Diversification: Consider diversifying your portfolio to manage risk. Additional Information Required Investment Goals: Your overall investment objectives (income, growth, or preservation). Risk Profile: Your tolerance for risk. Remember: The stock market is volatile, and past performance is not indicative of future results. Always exercise caution and do your own due diligence.
NSE:CENTENKALong
by RajputAmarjit