Khaitan Chemicals & Fertilizers Short-Term Trading IdeaStock trade above all the ema and form a rounding bottom pattern after breakdown on 13 July 2022 stock try to breach the levels of 91 two time but failed, today stock breach the level of 91 with significant trading volume after 2 years with crossover on 24 june 2024. now we can wait for its retracement levels for better and stable upside move which I have already shown on the above chart for your reference you can read the chart.
This stock is not for safe players this is risky stock do your complete research
Technical Analysis & indicators 🔍
Daily Chart
Head & Shoulder
Rounding Bottom
Educational content
This stock analysis is designed for educational purposes and should not be taken as financial advice. Please carry out your own research or consult with a financial advisor before investing.
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Insecticides - Poised for a 25% upmove Swing Trade1) The stock is about to break out of a multi year Trend Line, 2017, 2022 in Monthly timeframe.
2) The stock is in up trend in all major time frames.
3) Daily shows a god trigger of a breakout soon indicated through a Volatility contraction Pattern.
For a 3% SL, 25% Targets expected , around 1000 Rs.
My entries - 789
SL - 767 Daily closing Basis
Target Around 1000
Sector : Chemical - Momentum Sector - AGroChemical.
Momentum Trading Picks - Pharma Stock Natco Pharma.This chart is very interesting as well as confusing at the same time for some people let's break it down step by step.
If you see the monthly chart of Natco Pharma you will notice many patterns there like:-
Cup pattern
W pattern
Pole and flag Pattern
Volume is increasing significantly on the monthly chart
Breakout already happened last week but those who are willing to take risks can still participate in it because the stop loss will be a bit on the higher side.
BASF - An Investment pick with more than 70% ROI.The stock has been in an up trend.
It has broken its all time high in 2021 and in good consolidation for 2 years and broken out of consolidation now.
It has broken out of a bullish flag and pole pattern / falling channel pattern in a 3 M timeframe.
One may also consider this for a swing opportunity , RSI intact in all time frames.
Weekly price action shows, that the stock has broken out of falling channel, retested and reversed Consolidated for 7 weeks. Weekly RSI took support at 60 and bounced. Looks ready for a swing. SL - Previous week low at 3155. Target 1 - all time high, 3880.
BCL INDUSTRIES BUY NOW BCL INDUSTRIES - UPTREND
Trade Reason :
1) Fundamental Very Strong Stock
2) Monthly Uptrend and Correction completed for 61.8 % Golden ration level Respected .
3) Day - Trend Reversed and Trend line Breakout .
Entry - Current Price 62 - 63 Rs or Retest Level
Target - 76 Rs
Stoploss - 45 Rs
Happy Trading ...
SMCI is about to resume up-trend after 3-months long sideways?SMCI in my opinion is right now clearly formed an Ascending Triangle, and the price is right on the up-trend line support aka. the baseline of the triangle.
The 3-months long sideways correction move is about to end, and a breakout coming?
In worst case scenario we should see a leg higher to the upper bound of the triangle.
Tata Investments on make or break level nowHello Everyone,
Chart Pattern known as Symmetrical Triangle Pattern in which we can say that it is a chart pattern that signals a period of consolidation before the price breaks out, which can happen in either direction—upwards or downwards.
Condition #1 Breakdown
Target 1 - Rs 5900
Target 2 - Rs 5400
Condition #2 Reversal
Target 1 - Rs 6700
Target 2 - Rs 7500
Conclusion
The symmetrical triangle pattern in our chart indicates a phase of consolidation, suggesting that a significant price movement may be on the horizon. Keep an eye on the breakout direction to understand the next trend for the asset.
NOTE : Please consult your financial advisor before taking any trade as per my post.
SONATA SOFTWARE BUY NOW SONATA SOFTWARE - UPTREND
TRADE REASON :
1) Monthly Correction Completed
2) Day Trend Reversed
3) DII buy the stock at March month
Aditya Birla sun life trustee - 1 %
Hsbc small cap fund - 1 %
Entry - Current Price or 657 rs
Target 1 - 810 rs
Target 2 - 864 rs
Stoploss - 470 rs
Happy Trading ..
PANW Cup&Handle confirms strong uptrend?I find a recently confirmed Cup&Handle formation on PANW, which comes handy when the fundamentals are so strong, with AI creating bigger cybersecurity threats and the need for more sophisticated solutions to that. PANW is poised to monetize strongly on this phenomenon.
Intraday + PositionalCanfinhome fut broke out of flag pattern on daily charts with decrease in OI suggesting shortcovering.
Risk:Reward = 1:3
Could be bought with mentioned stoploss & target.
M A H O L - B A N A I Y EUBL fut broke out of descending triangle pattern on an hourly charts with good OI build up.
Risk:Reward = 1:2.5
Could be bought with mentioned stoploss & target.
TSLA Ready to Rise
Tesla broke the 2 year downtrend and got support on this trend. It has a chance to double its price in 2-3 years. 240-260 is a very ideal range to enter.
Tesla's recent safety reports and the potential for a possible government deal after the elections (especially after recent events) paint a bright picture, at least in the medium term.
RKLB Begins Uptrend
RKLB received a reaction from the support level it has been testing for 2 years and managed to break the downtrend it has been in for the last year.
I bought at 4.65 and I plan to add if it gives me the opportunity to buy again below 5 dollars.
The first target is 7.6. If it exceeds this level, the next targets are 10 and 14 dollars.