Wipro
#hindzinc #vedl #hindcopper #coalindia #xauusd #xagusd #steel #HINDZINC
NSE:HINDZINC
NSE:HINDZINC
HINDZINC
CMP 304
Target 390+
SL 285
TF < 6 months
RR > 4
Return 30%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
Redington #Redington 166.75 to 230 #INFY #TCS #WIPRO #NIITLTD #Q#REDINGTON
NSE:REDINGTON
NSE:REDINGTON
NSE:REDINGTON
REDINGTON CMP 166.75
TARGET 220+
SL 155
TF < 6 months
RR > 3
Return > 40%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
V Shaped recovery for Nifty in progress?Certainly looks like V-shaped recovery is on cards. Two key resistances in the path of V-shaped recovery are 18243 and 18343. The supports levels from the current closing price of the day are 18125 and 17957. Below that range 17494 which is 50 EMA will be major support. Bears might take control of NIFTY below this range. Three IT companies and their performance this evening will be key factor for the coming two days. Infosys results seems to be above par. Increasing COVID19 cases and Hawkish stand of US FED can spoil the recovery party. We still remain cautiously positive at this level as it has been a phenomenal run from the recent bottom of 16410 on 20th December. Will NIFTY glide ahead or halt and correct a little from here? Much depends on three super duper bumper results to be declared this evening.
EXPECTATION OF A BULLISH MOMENTUM IN WIPROAs per the 2H Chart of WIPRO, we're expecting a Bullish Momentum in the Stock, where from its Current Market Price of 638.40, the stock is being expected to initially face a resistance at the levels of 645.05, 652.25, and at around 658.75. In addition to this, the stock may face a support at the level of 633.55, on a closing basis.
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WIPRO - WATCHOUTWipro was in downtrend moving towards the previous demand zone. Demand zone gave a good support and now price is moving towards the break of structure (Downtrend -> Uptrend).
If price manages to close above 667, look for a retracement and enter the market.
Since the results are good, we can expect a good move in Wipro now.
#CARBORUNIV CARBORUNIV #trading #candlesticks #invest #money #it#CARBORUNIV
NSE:CARBORUNIV
Carborundum Universal Ltd.
NSE:CARBORUNIV
NSE:CARBORUNIV
CMP: 910.70
Target: >1200
Time Frame: < 3 months
SL: 807
RR Ratio: > 3
INVEST & HOLD
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
#SALZERELEC #NIFTY #BANKNIFTY #MUHURATTRADING #MUHURAT #RELIANCESalzer Electronics Ltd.
NSE:SALZERELEC
NSE:SALZERELEC
CMP: 180.55
Target 1: 210
Time frame: <2months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
Upcoming Breakout in Wipro1. 5 Star Strategy :
- Monthly RSI > 70
- Weekly RSI > 70
- Daily RSI is bouncing back by taking support near 40 with good volume
2. Volume :
- The daily RSI chart is coming towards for 60 with good volume.
- This shows the market is expecting the Q2 result will be positive the stock.
3. Moving Average :
- The 5 days ema have crossed the 26 days ema and 13 days ema from below.
- This show there is a higher probability for a start of uptrend in Wipro.
- MACD is also about to cross the zero line to show green signal.
4. Earning Release :
- Today Wipro will release the Q2 result.
- The expectation is on growth in profitability of the company.