Trade Setup: Stock making a round bottom. EMA's slopping upwards. Weekly: Crossed 10 year resistance. Took support on trend line (thick pink line). Broke trendline (thin line), retest done, and bounced again. Entry = 319.80 INR SL = below 268 INR (on weekly closing basis) Target = 393 INR (T1) and 453 INR ie; Fib levels (T2) and 493 INR (T3). For T2, T3,...
Trade Setup: Weekly TF: Broke out of wedge pattern, and retest happening. 1700 INR is support, with 50EMA support acting as confluence. Entry = CMP ie; 1703 INR SL = below recent swing low ie; 1620 INR (consider exit when price closes on weekly basis) Target = 2000 INR. RR = 3.47
27July21: Added this defensive stock today to my portfolio. Have not participated in this bullish cycle until now. Trade setup: Weekly: 50EMA providing good support for years. Stock is moving in HH - HL formation (wedge formation) or ascending triangle. Respecting the trend line as well (solid pink line at bottom). All these factors to good confluence. Entry =...
weekly - took support at 50EMA Daily - Took support at support line. Good breakout with volumes. Change in structure from LL to LH to HH. Target = 1499 INR SL = 905 INR RR is good.
Trade setup: Weekly: many confluences (1) Broke the long term trendline (red colour), did the retest, and the stock is bouncing back again with volumes. (2) took support at 50% fib levels on retracement. (3) took support on bottom trendline (pink colour). (4) change in structure from LL - LH to HH - HL. Stock can make violent moves in few days. Entry = CMP ie;...
Trade setup: Note: This is just a paper trade. Daily: broke the descending triangle or falling wedge, with above average volumes. entry = 1652 INR SL = above 200 EMA (1727 INR). Target = 1532 INR (next support zone). RR > 3
Trade Setup: Weekly: Inverse HnS pattern breakout with volumes (highest volumes since its inception). Broke the longterm trendline (in Red colour). Daily: 20EMA > 50EMA > 200EMA (golden cross). Entry = 615 INR (accumulate until 580 INR) SL = 570 INR Target = 722 INR
Trade setup: Weekly: Crossed longterm trend line (red colour) with volumes, and sustained this time. Daily: golden crossover (21EMA > 50EMA > 200EMA) Entry = CMP (1133 INR) or wait for retracement to breakout zone (between 995 INR - 1050 INR) SL = 950 INR Target = 1202 INR (T1) and 1322 INR (T2) Fundamental Analysis: Oriental Carbon & Chemicals Limited is...
Trade setup: Monthly - Classic breakout pattern. Broke out of ascending triangle, multi-year breakout of trend line, retest and zoomed up. Took support at 50EMA (confluence). Daily / Weekly - broke out of resistance zone (between 680 INR and 710 INR), retest and formed a bullish engulfing candle (daily), with pennant formation (daily). Entry price = 745 INR SL =...
After inverted HnS, strong weekly closing done above the resistance line, with huge volumes target = 1130 INR
Pattern repeating on a long term. symmetrical triangle breakout done on weekly chart. target = 18634 INR SL = 14180 INR
Trade setup: Monthly: change in structure from LL-LH to HH. Weekly: Crossed multi-year trendline. Change in structure from LL - LH to HH. Huge spike in volumes. Crossed 50EMA (never done after 2018) with strong bullish engulfing candle and volumes. Entry = wait for retracement between 80 INR to 90 INR. Brokerage stocks in flavor. SL = 50 INR (swing low) or below...
Trade setup: Weekly: Bullish breakout from parallel channel & long-term trendline with huge volumes. crossed 50 EMA with volumes. Monthly: shift in trend from LL to LH. More confirmation after HH is achieved (from LH). Crossed 21EMA with volumes. Entry = only after the break of resistance @730 INR. SL = below 530 INR. debt free company, and one of the fastest...
It's a risky bet with markets at ATH, but very much undervalued company with a good RR. Posted very good results. Trading at a PE <3, with a book value of 629 INR. Personally, i will wait for a dip and accumulate (when nifty falls to 15500-600 region). Trade setup: Monthly: Crossed multi-year trendline with volumes and a strong bullish candle (string...
Trade setup: Daily: breakout from rectangle (sideway movement) and retest done. Could slowly accumulate 50% here and rest 50% buy the share with every 2% decline. Weekly: volumes dropping as share price falls (positive sign). GMM has never broken 50EMA. High probability that, it could rebounce now as well. Entry price = 4525 INR Stop Loss = 3915 INR or 3380...
Trade setup: Daily - Broke out of ascending triangle with a bullish engulfing candle and good volumes. Crossed 50EMA and 200 EMA as well. Took support at long term trendline (since 2019). Weekly - crossed 50EMA as well, after forming a couple of doji's. Target = 422 INR (T1). Above that, gap will be filled, with T2 = 440 INR. SL = blue box below ie; approx 365 INR.
Trade setup: Weekly & daily: crossed long-term trendline (red line) & resistance (blue box) with volume and bullish candle. 50EMA >200EMA as well. Weekly closing was above psychological resistance of 100 INR. Company key take aways (fundamentally): 1. Company is 100% debt free. 2. The main source of income for the company is by the way of dividends. 3....
Interesting setup, and good RR possible. Weekly TF - Breakout out multi-year trend line, and retracement done. Price refusing to go below previous week low ie; 731,8 INR. Wait for weekly closing above 200EMA, and break of trendline to take a trade.