ALLCARGO // Likely reversal www.tradingview.com
ALLCARGO : Likely to be reversal. Keeping a SL at 59, one can target for 80.
Stockstobuy
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.
RELIANCE NEAR BUYING ZONEBreakout Retest Zone as marked in Chart
Need Todays closing above the zone for a safe entry
RR is favorable for swing trade.
Reliance had been trading in 2700 till 3000 Range from Jan'24. and BO was given on 26th June'24
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.
Wipro ready for a turnaroundIn the recent bull rally, a strong stock has been consolidating in one of the underperforming sectors (IT) in the recent bull run. The sector is coming out of consolidation and Wipro looks strong to head upward from here
Entry above 575
Stop loss below 520
Target 722/752
MISHRA DHATU NIGAM LONG MIDHANI - Buy
Trade Reason :
Weekly Support - 400
Fib Retracement - 0.786
4 Hour Trend Reversed .
Entry - 408
Target - 516
Stoploss - 390
Thank you ...
APOLLO TYRE BUY APOLLO TYRE - Upmove Expect
Trade Reason :
1) Market Uptrend and Correction 0.50 Level
2) Trend reversal Confirm
3) Take position at trade ...
Entry - 485 Rs
Target - 540 Rs
Stoploss - 435 Rs
Thank you ...
JYOTISTRUCTURE BUY JYOTI STRUCTURE - UPTREND
Trade Reason :
1) Take Weekly support
2)Trend reversal Day
3)Fib 0.618 Golden ratio
Entry - 24.15
Target - 29.65
Stoploss - 18.45
Thank you ..
S R F SRF fut breaking out of triangle pattern on an hourly charts with very healthy consolidation in past week & added OI suggesting long build up.
Risk:-Rewar = 1:2
Could be bought with mentioned stoploss & targets.
FILATEX - Poised for a 15-30% UpmoveThe stock is in uptrend in Monthly.
It is poised to break out of an inverse head and shoulder pattern.
Entry - 51.15
Target 1 - 59
Target 2 - 64
Target 3 - 69.
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 ..
BUY NOW & CHECK ON EXPIRY WEEK FOR JULY SERIESHINDUSTANLEVER FUT is on the verge of breaking out of flag pattern on daily charts with decent oi.
Risk:Reward 1:2
Buy above 2500 with mentioned stoploss & targets.
Not to b missed breakout.
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.
HUGE OI BUILD UP-NOT TO B MISSEDNESTLE fut broke out of harmonic patterns chart on an hourly chart with very good OI build up suggesting long build up.
Could be bought with mention stoploss & targets.
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.
C I P L ACIPLA fut is on the verge of breaking out of classic triangle pattern on an hourly chart with superb OI addition suggesting long build up.
Risk:-Reward = 1:3
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.
NSEI:TIMETECHNO - Short term uptrend or big trend???👇NSE:TIMETECHNO
Time Technoplast Limited, together with its subsidiaries, engages in manufacture and sale of a range of technology-based polymer and composite products in India and internationally. It operates in two segments, Polymer and Composite. The company offers industrial packaging products, including drums and containers, such as narrow mouth polycans/drums, open top drums, XL-rings, medium packing products, and classic open top drums; conipails; and intermediate bulk containers, as well as value added services.
It also provides lifestyle products comprising matting products; bins; and molded furniture, such as sofas, five position reclining chairs, monoblocs, executive and baby chairs, chairs with writing desk, tables, trolleys, and stools for use in homes, hotels, restaurants, hospitals, clubs, airlines, auditoriums and tent houses, and various other institutes; and automotive components, such as 3S rain flaps, deaeration tanks/radiator tanks, fuel tanks, and air ducts. In addition, the company offers material handling products consisting of plastic returnable transit packaging and material handling solutions, crates, flat plates, eco plates, and smart leaf plates, and export pallets to retail, automotive, agriculture, processed food, apparel, pharmaceutical, FMCG, consumer durables, and logistics sectors. Further, it provides composite cylinders; and infrastructure products, including HDPE and DWC pipes, and energy storage devices, as well as techpaulin bags, raincoats, bike covers, and cross laminated films; and kavach face shield. The company was incorporated in 1989 and is based in Mumbai, India.
disc: Invested
Amazon - Why is there no resistance?NASDAQ:AMZN broke out of a long term consolidation phase and is starting a massive rally.
Every major consolidation is followed by a major breakout. And if the overall trend is bullish, a bullish breakout is more likely to happen. Last month Amazon finally broke above a multi year resistance level and is now heading back to the top of the rising channel formation. If we actually get a retest of the breakout level, you can then simply enter a long position.
Levels to watch: $180, $380
Keep your long term vision,
Philip - BasicTrading
