DCM Shriram has formed a textbook cup-and-handle pattern on the weekly chart, breaking out above the resistance zone around ₹1,240. With strong volume support, this breakout indicates potential upside momentum. 💥 Entry: Around ₹1,240 💥 Target: ₹1,400+ 💥 Stop-Loss: ₹1,150 #StockMarket #Trading #PositionalTrade #Breakout
Tata Motors has broken a crucial trendline support, currently trading around ₹805. Weak RSI suggests further downside potential. Watch for a potential drop towards the next support at ₹672 if bearish momentum continues. 📉 Entry: Below ₹800 📉 Target: ₹672 📉 Stop-Loss: Above ₹850
Gokul Agro Resources Ltd. is nearing a breakout above ₹300, with strong upward momentum and recent buying interest. Sustained movement above this level could signal further gains! 🚀 🔹 Entry: Above ₹300 🔹 Target: ₹ 350 (based on resistance levels) 🔹 Stop-Loss: ₹275 (below current support)
Gokul Agro Resources Ltd. is nearing a breakout above ₹300, with strong upward momentum and recent buying interest. Sustained movement above this level could signal further gains! 🚀 🔹 Entry: Above ₹300 🔹 Target: ₹ 350 (based on resistance levels) 🔹 Stop-Loss: ₹275 (below current support)
Dhani Services Ltd shows signs of a potential reversal as it breaks out from a prolonged base formation around ₹68-₹70 on the weekly chart. This price action suggests a buildup in buying momentum, with a potential target of ₹85-₹90 in the medium term if this trend holds. For risk management, consider a stop-loss just below ₹58. The breakout from this consolidation...
Avalon Technologies Ltd has broken out of a strong resistance zone around ₹700-₹720, rallying to ₹792 with impressive momentum. This breakout, coupled with high volume, signals a potential continuation of the uptrend. A target of ₹850-₹900 looks achievable in the near term if momentum sustains. Stop-loss can be set below ₹700 to manage risk. This setup offers a...
Marine Electrical Ltd is showing signs of recovery with a bounce from the recent support near ₹210. The stock is currently trading around ₹217 with RSI moving upwards, suggesting renewed buying momentum. Financials reflect strong quarterly growth in sales and profit, with operating profit reaching ₹20.45 crore in March 2024, showing resilience. This setup suggests...
Anand Rathi Wealth Ltd is showing a bullish setup with a cup formation on the daily chart. The price has recently broken above a crucial resistance level of 4,286, indicating strong buying interest. With the RSI climbing towards 70, momentum supports further upside potential. A sustained move above 4,297 could propel the stock to higher levels, targeting 4,500 or...
Anand Rathi Wealth Ltd is showing a bullish setup with a cup formation on the daily chart. The price has recently broken above a crucial resistance level of 4,286, indicating strong buying interest. With the RSI climbing towards 70, momentum supports further upside potential. A sustained move above 4,297 could propel the stock to higher levels, targeting 4,500 or...
Entry: Consider entering around the current level of ₹1,197.50. Target: Aim for the upside towards ₹1,318.20, aligning with recent resistance levels. Stop Loss: Place a stop loss at ₹1,151.20 to manage risk effectively. Rationale: The stock has shown strong momentum with a significant upward move of 5.80%, and it's approaching a critical resistance zone. A break...
Trade Setup: Entry: Current price near ₹681 Target Zone: ₹771 - ₹774 Stop Loss: ₹641 The stock is showing a strong upward momentum with bullish signals supported by RSI levels around 66.93, indicating a continuation of the trend. A breakout above resistance could drive the price towards the target zone.
"📈 JK Paper Positional Trade Setup 🚀 Entry at ₹490 with a bullish outlook! 🎯 First Target: ₹565 (+15%) 🎯 Second Target: ₹612 (+25%) 💥 Mega Breakout: ₹633 (+33%) 🔻 Stop Loss: ₹473 (-7%) 🔍 Risk/Reward Ratio: 4.48 With RSI at 62.6 and strong volume support, this setup has multiple profit levels, aiming for a breakout!" This structure gives clarity to your different...
Based on the chart of Deepak Fertilizers & Petrochemicals, it appears that the stock is currently at a resistance level of ₹1,111.90, while previously testing support around ₹955.50. The stock is up 4.09% for the day, with a bullish momentum as indicated by the price action and a Relative Strength Index (RSI) at 63.40, suggesting room for further upside but...
The chart of United Breweries Ltd (UBL) shows that the stock is testing a key resistance zone around ₹2,180. With consistent higher highs, it suggests a bullish momentum, but a breakout above this resistance is crucial for further gains. Positional Trade Idea: Entry: Buy on a breakout above ₹2,200 with volume confirmation. Target: ₹2,400+ on successful...
Geojit Financial Services, the stock has made a significant upward movement but is now consolidating between ₹145 and ₹160. With the current price near ₹155 and strong support at ₹145, this suggests a potential range-bound trading opportunity. Positional Trade Idea: Entry: Buy near ₹145-150 on dips with a stop loss below ₹140. Target: Initial target ₹160,...
The stock has surged 22% from the bottom and is nearing a breakout point above ₹345, with potential for a 22% upside! 📈 🔸 Entry: Above ₹345 🔸 Target: ₹420 🔸 Stop Loss: ₹320 The cup-and-handle formation indicates a bullish continuation. Watch out for this move! 🚀 #StockMarket #PositionalTrade #TechnicalAnalysis #HindCopper
Resistance Breakout: The stock has broken through a strong resistance level twice, as indicated by the horizontal red line and the arrows marked "Breakout." The recent breakout around the ₹3,500-₹3,600 level seems to be significant, with strong bullish momentum, confirmed by the price closing above this level. Volume: The volume spikes during the breakouts...
Observations: Resistance Breakout: CESC has broken above the horizontal resistance zone around ₹200-206, which it tested multiple times in the past. This breakout indicates bullish momentum. Strong Volume: The price increase is accompanied by strong buying pressure, suggesting that the breakout may be sustained. Trade Setup: Entry: Aggressive Entry: Buy around...