SHAREINDIA trade ideas
SWING IDEA - SHAREINDIANSE:SHAREINDIA is currently at a good buying range. Stock has also corrected about 30% from its top and has started forming good support.
MACD is indicating a good bullish momentum that is still at an early stage and could start soon.
Stock is also bouncing off from its Supply/Demand zone as marked in grey box on chart.
Could take a while by the time the trade completes. Patient is Key here.
SHAREINDIA - 22 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
18 months Consolidation of SHAREINDIA ChartShare India Securities Ltd
NSE: SHAREINDIA
SHAREINDIA Formed a massive 18 Months of Bullish Flag Pattern at ATH.
Recent sharp down move on 03JUL23 is not aligning with the pattern formation. Once the candle high is taken out. Clears the path.
candle high has to be taken out with volume.
Entry above 1320
Stop Swing low once breakout confirms
Invalid level 1000
Target 1700
keep in radarThe Company was originally incorporated on July 12, 1994 as ‘FMS Securities Limited’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, Assam, Meghalaya, Manipur, Tripura, Nagaland, Arunachal Pradesh & Mizoram, Shillong and received Certificate for Commencement of Business on July 20, 1994. Further the Registered Office of the Company was changed to National Capital Territory of Delhi & Haryana from Assam and fresh certificate for change in registered office was issued by Registrar of Companies, National Capital Territory of Delhi & Haryana dated December 21, 2000 pursuant to CLB Eastern Region Bench order dated August 09, 2000. In the year 2000, Existing Promoters Parveen Gupta, Sachin Gupta, Rajesh Gupta and Yash Pal Gupta took over the control of the Company from their erstwhile Promoters i.e. Hukamraj Sajjanraj Kumbhat, Kaushal Kumbhat, Pardip Kumbhat, Haradhan Saha, Laxmi Narain Biyani, Ambika Barua and Indu Kumbhat. Pursuant to the scheme of Amalgamation, Share India Securities Limited was merged into the Company vide order of Hon’ble High Court of Delhi dated May 20, 2010. The name of the Company was changed to Share India Securities Limited vide a fresh certificate of Incorporation pursuant to change of name dated July 15, 2010 issued by Registrar of Companies, National Capital Territory of Delhi and Haryana. Further the Registered Office of the Company was changed to Uttar Pradesh from the State of Delhi and fresh certificate for change in registered office was issued by Registrar of Companies, Uttar Pradesh dated May 02, 2012 pursuant to Company Law Board, New Delhi Bench order dated April 17, 2012.
Business area of the Company
The company is currently engaged in the business of equity broking, investing and trading activities. Along with this they are also providing the services as a Depository Participant, Research Analyst, Mutual Fund Advisor/Distributor and also an application has been filed with Securities and Exchange Board of India for the registration of Company as a Portfolio Manager. The Company got registered with SEBI as Stock Broker (Member of BSE) in the year 2000 and started the Stock Brokering operations. Later during the year 2007-08 they got registered as a trading and clearing member of Bombay Stock Exchange (BSE). Post the merger of the company they got registered with SEBI as Stock Broker, Trading and Clearing Member of National Stock Exchange of India (NSE) in the year 2012. With the introduction of the Future and option segment into the Indian capital market the company became Member under future & Option (F&O) Segment also. Currently, the Company is providing broking services in Equity, Currency derivative and Future & Options segment of National Stock Exchange of India Limited and BSE Limited.
