SUPRAJITSUPRAJIT: Gaped up on massive volume
Testing gap region
May take many days to consolidate
Look for bullish price action on highlighted area and Volume behavior
This is the region of Low Risk / High Reward
SUPRAJIT trade ideas
SWING IDEA - SUPRAJIT ENG Suprajit Engineering , renowned for its excellence in automotive cable manufacturing, stands as a stalwart in the industry, poised for potential growth and value appreciation. Let's delve into the technical factors guiding this promising swing trading opportunity.
Reasons are listed below :
A notable breakout has occurred, as the stock successfully breaches a symmetrical triangle pattern.
A robust bullish Marubozu candle graces the weekly timeframe, signifying significant buying momentum and potential continuation of the uptrend.
Notably, the breakout candle engulfs the preceding seven weekly candles, marking a decisive shift in market sentiment.
The stock finds support at the 50-day exponential moving average (EMA) on the weekly timeframe, reinforcing the bullish bias and providing a solid foundation for further upward movement.
Accompanying this breakout is an uptick in trading volumes, indicating heightened investor interest and participation in the stock.
Target - 475 // 540
StopLoss - weekly close below 380
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SUPRAJIT ENG LTD GIVES BRAKEOUT ON DAILY CHARTNSE:SUPRAJIT
SUPRAJIT ENG LTD gives brake out on daily chart.
Buy 445-470
SL 415
Target 525+
SUPRAJITBig break out from range. it will be a gud buy. SL will be very small as our rule no 1. Don't lose more than entry reason SL will elephant candle low.
SL 357
TARGET 473
Risk reward ratio and probability is only the holy grail in the market.
Dont lose more than your entry reason.
Suprajit Engineering is in the symmetrical triangle pattenAfter a decent move by the Suprajit Engineering, it consolidates for long time & form a symmetrical triangle pattern in weekly basis. If this stock close above the 450 level it may give a good up move near to 650 level & SL should be 420. So keep traking this stock .....
Suprjit Engineering Suprjit Engineering Ltd
CMP 432
Resistance At 447-475
Buy Some At 378, Some At 368, Some At 355
SUPRAJIT on symmetrical triangle breakout on monthly timeframeSUPRAJIT is near monthly breakout of symmetrical triangle breakout.
With long term target above 800+
Trade Idea in SUPRAJITHere we can plan for UPSIDE momentum in NSE:SUPRAJIT
Suprajit Engineering Ltd. engages in the manufacture and sale of automotive and other components. Its products include gear boxes and shifters, lighting, braking systems, throttle controls, linear actuation, display clusters and telematics, control cables, friction products, and universal serial bus (USB) charging modules. The company was founded by Kula Ajith Kumar Rai on May 24, 1985 and is headquartered in Bangalore, India.
DIsclaimer: This is for educational Purposes only
SUPRAJIT -SEEMS TO BE MULTIBAGGER STOCKHi, everyone..
SUPRAJIT Seems to be Multibagger stock in another 3-4 yr if taken today , with Target expected to 1992 from now of Rs 370 on 25th Dec 2023
SUPRAJIT BULLISHSUPRAJIT forming double bottom pattern on daily time frame. RSI is showing the bullish momentum. we can see UP side momentum. its face hurdle around 395--409--422.
SUPRAJIT Stock showing momentum with good volume technical showing stock in upward trend 📈 but this is a analysis not a recommendation so always remember Stop 🛑 loss and risk management
Wedge Pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Attempting Rejection ZoneAdd in upcoming Watch-list let it build the price-action.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
SUPRAJIT swing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
SUPRAJIT ENG DAILY CHART SUPRAJIT ENG daily chart giving 1 YR b/o
There is bollinger band blast in daily and weekly chart
Rsi above 60 in all time frame
Adx above 25 in daily and monthly chart
chart has given range b/o from 1 year consolidation
volumes build up seen
nice momentum can come
stocks above all key moving averages
#nifty
# Stock market
Strong stock, grab the first mover opportunity. Strong Stock, Relative Strength Index is very good, Nice Chart Setup.
#SUPRAJIT #NSE #INDIA RECTANGLE BOBreakout from 8 months long rectangle !!
Probable target mentioned. .
#SUPRAJIT ENGINEERING LTD. Bullish🚀Bullish 🚀Suprajit ... Traingle chart breakout alert ..
Very bullish upto 22% 🚀🚀 Upside Momentum ..
Buy Now in big quantity...
TARGET WILL BE 410
Stoploss 315
Plz Note this is not a Investment Call .. plz ask first your financial advisor
Suprajith eng long tradeThe stock is compressing near the demand also the volume is drying up. It's ready to fly.
SUPRAJITThe Company is engaged in the business of manufacturing and selling of automotive and other components and that are considered as single segment.
Products
Motion Control Solutions
Control Cable Systems
Push-Pull Assemblies
Brake Cable and Lever Systems
Rotary Push-Pull Lever Control Systems
Gear Shifter Mechanism and Cable
Joysticks & Remote Valve Control Systems
Commercial Controls
Suprajit Engineering BreakoutThe stock has broken out and retested, therefore it may undergo a rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & Previously upper trendline. The target is placed near swing high.
Note: Market is having weak sentiments, making this a high risk trade. Due Caution Is Required.
Near All time high zone : Risky Bet- But can give good R:R Can enter long with strict SL as 295 DCB , Stock is near long term high level .. Once it cross that resistance , nothing going to stop it ..
