PLR.N0000Buy Zone - 8 to 8.5
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Beneteau stock buy investment opportunityAhoy, fellow investors! Are you ready to set sail on a journey towards financial success using supply and demand imbalances? Look no further because we have the perfect vessel for you – Beneteau stock.
When looking to invest in a company, they say it is always important to compare and analyze its performance with other companies in the same industry. We don’t need to do any of that if we are using supply and demand imbalances. These imbalances allow investors to understand the market trends better and make informed decisions without having their minds clouded by fundamental stock analysis and stock performance in the past.
Expecting a decent rally from the monthly imbalance at 11 euros per share.
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
INDUSTOWERS should be approaching INR240 soon_TRADE_SETUPThe stock broke out of a 3 week trading range on Thursday's session with satisfactory volume expansion.
Going by the Elliot wave structure, the stock is currently in wave III of(III) of 3(ignore the labeling if you don't follow Elliot wave theory).The current wave is projected to reach close to the INR 240 zone.
INR195-200 has been a resistance for the stock for past 3 and half months.
But with vol. picking up and range break-out just at the resistance the stock seems to be well-equipped for a strong breakout above INR 200 this time around.
On the downside INR 185 will be proving to be a crucial support for the stock.
CMP 193.8
Target 1- 213
Target 2- 240
SL - 185
TDPS preparing for a zonal breakout and 15-20% rally!!The stock had given a successful breakout from a major resistance/supply zone of INR263-270 in Nov 2023 and subsequently formed a one month trading range right above the breakout zone.
INR 285-290 is now the new resistance zone that the stock is now eyeing to breakout out from in order to go past the INR 300 mark.
On Wednesday's trading session the stock broke out from a minor trend line resistance with a slight uptick in volume. This minor breakout can provide the necessary fuel for the stock to clear the INR285-290 zone with some momentum.
CMP - 278
SL - 264(5%)
TARGET - 320(15%)
RR - 1:3
Note*- Not a suggestion to buy/sell but a personal opinion on the stock. Please do your own research before taking any investing/trading decisions.
PayPal - Unleashing Potentials 💥PayPal takes center stage, but caution is advised. A potential Wave C or II with a correction below 78.6% Fibonacci is evident. While the recent surge resembles a Wave (i), the triple top might indicate an imminent downtrend.
If $50 marks the bottom, consider a generous stop-loss at $49.80. Wave 3 could target the $76 level.
The future? Uncertain! Yet, a short-term upswing might be on the horizon. Keep your eyes open, stay flexible, and enjoy the ride! 🎢📈✨
Keep your trades simple_ZYDUS_TRADE_SETUPWhen a stock gives you a clean breakout, you take it!!
INR 650 level had been providing a strong resistance to this particular stock for more than 4 months now. The stock, in an attempt to go past this resistance made few dips and rallies which led to formation of an inverted head &shoulders pattern on the chart.
INR 650 was the neckline of the pattern and the stock broke the neckline and closed above it with vol expansion on Thursday's trading session.
The target pattern projection suggests an upward target of around INR720-730 for the stock.
INR 650 should be a major support now.
CMP - INR 657
SUPPORT - INR 650
TARGET - INR 720
SL - INR 635
Note*- The views expressed are based on personal observations/opinions. Please do you own research before making any trading decisions.
LIC India goes into a 'Wave 3' impulseThe largest insurer in India showed a massive volume and price gain on Friday's trading session bringing itself into some spot light.
The stock was in a corrective triple three structure from the start of Sep. until Nov 13 when it completed the correction with a truncated 'wave 'z''.
In a matter of only 7 trading days after having completed the correction, the stock is up 12% from bottom 'z'.
While Friday's move might make it look like the stock has over-shot a bit but in totality of things the 'wave 3' is not even half-way from its target. INR 780-790 zone is the projected wave 3 target.
It makes sense to accumulate this stock between INR 655-685 levels before it jumps above the INR 700 mark.
CMP 677
Support zone 655-660
Target 780
Note*- Please do thorough analysis of any financial instrument before you trade/invest in it. The views expressed here are my personal opinions and not an advice to buy/sell.
Trade Setup_10% upside in GMRINFRAThe stock gave a successful breakout from a falling trendline and managed to close above important resistance level of INR 60.
The stock slid 21% in 2months between Oct-Nov. on back of contracting volume which in fact should be seen as a bullish sign.
The Friday low of 57 is crucial support for the stock now and can also be used as a SL.
The stock should now attempt to rally towards its Oct. high of INR 66.75(10% from CMP).
CMP 60.35
SL 57
TARGET 66
NOTE*- Please take any trading/investing decision only after doing a thorough research in any financial instrument.
Multi-Breakouts seen on RallisThe stock was seen breaking out of a cup and handle pattern as well a year old trendline resistance on Tuesday's session.
The vol on breakout was satisfactory providing validation to the breakout.
The cup &handle breakout target is projected to be around INR310-320 zone(25% from CMP).
On the downside INR 235 can be used an a 'Sl'.
CMP 257
SL 235
Target 315
TESLA I Rise Coming SoonWelcome back! Let me know your thoughts in the comments!
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Trading cannot get simpler than this_BRITANNIA_TRADE-SETUPThe good old support and resistance play ongoing in Britannia.
The stock first broke out on Nov.7 from a 2 month old resistance zone of INR 4600-4650.It has then again tested the same breakout level on Tuesday's trading session. This retest seems to have re-energized the engines of this stock that is cruising forwards quite strong from past 2-trading sessions.
Another minor resistance of 4710-4730 has been taken out in yesterday's trading session as well.
The stock shall now advance towards INR 4960 which could be used as a target level for a short term trade.
INR 4710-4730 shall now be considered as a support area for the stock in case it pulls back a bit on smaller timeframes. The pullbacks are always great to look for to enter into a trade.
Note*- The views are based on personal opinions/observations. Please do your own research before making any trading/investing decisions.
Brandywine Realty Trust*Investment opportunity*
On the above weekly chart price action has corrected almost 80% since January 2022. An excellent long entry now exists. Why?
1) Price action and RSI resistance breakouts.
2) The falling wedge breakout confirmation.
3) The falling wedge target is measured to 17 dollars.
4) The macro structure prints a large flag pattern on the 3-month chart with a 150 dollar target where previous support is formed since 1991, fantastic. (see below)
5) No share splits.
6) Dividend yield 15.11% !!
Is it possible for price action to collapse further? Sure.
Is it probable? No.
Ww
Type: Investment
Risk: <= 6%
Timeframe: Act now
Return. 200% and 2000% excluding dividend yield
3-month
CDSL ready for another run?After a good impulse movement on the upside, CDSL price corrected for a few trading sessions. It has now given a breakout above the resistance level with the support of increasing volume. DMI also shows potential strength in the upside momentum. From here we can see another good run in CDSL in the short-term
Buy Entry - 1910
Stop Loss - 1770
Target - 2550/1680
ACC can rally 25% from CMPThe Cement company is completing a zig zag correction(ABC or 5-3-5) to an impulse wave it had shown in Mar.2023.
This impulse can either be considered as beginning of a new bull market and hence be considered as wave 1 or if it is to be considered as a corrective wave it can be marked as wave 'A'.
That does not change the fact that a 5-wave impulse is always followed up by another 5-wave advance. In this case we may call it wave 2 or wave "Wave B".This wave is projected going towards 2300-2400 zone(25% from CMP).
On the downside 1800 is good support for the stock which has now also approached the channel support.
Note*- Views expressed are personal opinions/observations. Please do your own research before taking up any trade.
The IGL stock is at good entry point currently.A picture says a thousand words. Well, I have have tried to depict everything i need to say about this stock onto the chart.
To summarize it, we are currently near 61.8% retracement of the impulsive wave we saw in the stock between Mar.2022 till May 2023.A new impulse wave from here (wave 3) is expected to begin that should take the stock towards the 600 mark in the near future.
Note*- this chart is for educational purpose only.
Trade_setup _ 20% upside potential in BF Utilities.BF utilities is a Kalyani Group owned company that engages in infrastructure and power generation through wind mill technology.
The chart shows the stock giving a successful breakout from:
i. Inverse head and shoulder pattern.
ii. Horizontal resistance zone(635-655)
The stock closed above both these significant resistances with a spike up in volume and a Bullish 'Marubozu' candlestick.
The target for the Inverse head and shoulder patterns projects to a target almost close to the previous swing high(around 800-815 zone).
On the downside 630 should make a good area to consider for a SL on this stock.
*Note- Views expressed here are based on personal opinions/observations. Please do your own research/analysis before taking any financial positions.