OMAXE trade ideas
Omaxe - Getting ready to blow
Hello All,
The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
If you like my Idea, Don't forget to Boost and comment on my Analysis..
Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
OMAXEStock name = Omaxe Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
#OMAXE 48.80 Buy TGT 61 23% upside recommended - Rachit Sethia OMAXE 48.80
TGT 61
SL 42
RR ~2
Return > 23%
TF < 6M
NSE:OMAXE
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
Omaxe - Turnaround potentialOmaxe has been selling off for a while now and for good reason, fundamentally they are weak, although their revenue is increasing an a QoQ basis, their net profit has been in the negative for many quarters now....I have marked the levels and any good quarter result will make meinitiate longs....My target is all time high or at least back to the previous high where I would start offloading shares as I'm in profit....I will not be putting more than 10% of my capital in this stock, I will start off with 1% and will add as and when I can based on price action at these levels....Worst case scenario, they could wind up if they don't start turning profitable....But that is the risk in this game...Wait for a positive quarter result before initiating positions...all the best
OMAXE NSE BULLISHVIEW ABOVE 109 CMP 113.6OMAXE NSE is bullish if 109 holds. NEW 52WEEK High. Fresh Breakout. Positive Trend.
Disclaimer: Educational Purpose Only. Not Buy Sell Reco . Not Sebi Registered.
Omaxe - BullishOmaxe CMP - 105
Looking bullish in higher time frame. One can go for Positional Trade Setup with the following entry, exit & targets.
Buy Range 100 - 110 / Stop Loss 80
Target 1 - 140
Target 2 - 175
Target 3 - 200 / 220
Disclaimer: This is my view and for educational purpose only.
Swing & positional trading opportunities for next week (25 Apr)Created in collaboration with @AVENUESOFINVESTMENT. Here's our watchlist for the week. What are your views?
Long on Omaxe ltd.Purely technical pick.Multiple Buy confirmations by price breakouts and volume.Also RSI is in a very good zone.Stop Loss-102.Educational Purpose only.
Rectangle pattern and breakoutIt had been trading in a box/rectangle pattern for more than a month and suddenly shot out with good volumes. 97, 105 are next targets. This stock has fallen from its high and trying to stage some recovery. It is a small cap and should be traded with caution. For short term only. This is not a recommendation. only an idea.
OmexKeep this stock in buy list .... tgt 85-95
Breakout soon and all indicator is turning towards buy side
Omaxe gapup expected on Monday Next week tgt 220Omaxe gapup expected on Monday Next week tgt 220.. Happy and safe trading..!!!
OMAXE LTDHas bounced back from strong support zone.
Support seen at 198.85 and 198.55.
Next stop should be 201.2 and beyond that 202.95 with 203.9 final target.
