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RELIANCE IND - ON A VERY IMPORTANT KEY LEVELFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
NSE:RELIANCEShort
by Profitlio_Trading
NIFTY poised to test its All Time High this week.The Nifty 50 Index (NIFTY) is extending the long-term Channel Up pattern that started after the March 20 2023 Low, when the 16750 Support held. The 4H MA50 (blue trend-line) is supporting for exactly 2 months and this week the technical Higher High and test of the 18890 Resistance (which is the All Time High) should be materialized. As you see, the similarities between the current Channel Up and that of October - November 2022 as strong. It appears that the price is at the final stage (curve pattern), before the final rally. The 4H RSI break-out above the Lower Highs is another strong resemblance. This trend is invalidated if the price breaks below the 4H MA200 (target the 4H MA200 (orange trend-line). Our target is 18800 for safety, slightly below the Resistance just like the March 20 2023 Low was slightly above the Support. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NSE:NIFTYLong
by TradingShot
1
RELIANCE BULLISH BREAKOUT | 10% UPSIDE POTENTIAL | SWING TRADEThe price has recently broken and closed above the resistance level of 2480. Reliance was trading in a downtrend, but this breakout marks the FIrst HIGHER HIGH, the beginning of a new uptrend. NIFTY is also trading above its resistance level, which gives more confidence that Reliance may go up in coming days, as Reliance has heavy weightage in NIFTY INDEX. Long entries can be opened as long as price is trading above 2840. Stop loss 1. For aggressive traders- daily close below 2480 2. For conservative traders- below 2410 Targets 1. 2600 2. 2750 Let me know in the comments section if you want me to analyse any other financial instrument. WARNING:- ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
NSE:RELIANCELong
by rohitkukreja
2
ASHOK LEYLAND BULLISH CUP & HANDLE BREAKOUT | 1:2.5 RR | SWINGAs Nifty is trading above its resistance area, it looks like the growth is being pushed by AUTO and FMCG Sector. AUTO Sector has recently broken out of its resistance area and it seems it will continue to go higher in upcoming weeks. Checking out AUTO STOCKS, Ashok Leyland looks a good pick. The price has broken out of its resistance area and is trading above Daily 200 EMA. Also, the price has broken out a Cup and Handle Pattern, which is a bullish pattern. Entry- 147.5 TARGETS 1- 154 2-160 STOP LOSS For aggressive traders- 144 For conservative traders- 142 This is a SWING TRADE Let me know in the comments section if you want me to analyse any other financial instrument. WARNING:- ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
NSE:ASHOKLEYLong
by rohitkukreja
3
Dish TV - 34% Growth Expected In Coming Few DaysThe Price action is forming an Inverse Head And Shoulder with neckline of 16.5. Price is already above 200 Daily Moving Average. Media Sector may breakout soon which can push the prices of DISH TV higher. Once the daily candle closes above, a Long can be initiated Stop Loss- Below the lows of breakout candle with some buffer Targets- 1. 19 2. 22.3 Place stop loss to entry once target 1 is achieved. Always follow Risk Management and Position Sizing.
NSE:DISHTVLong
by rohitkukreja
Hindustan Copper- Bullish | 25% growth expectedThe price was consolidating in an Inverse head and shoulder pattern near the daily support areas. The price broke out of the neckline, which is the first sign of bullishness. After the breakout on 2/5/23, the next day price even retested the neckline which confirms the pattern breakout. On 4/5 price advanced further and now facing resistance near 108 horizontal resistance and 200dma. Once daily closes above 200dma and 108.5-109 horizontal resistance, go long. Stop Loss- Below the lows of breakout candle with some buffer. Targets 1. 121 2. 131 Remember to keep trailing your stop loss and move stop loss to entry once Target 1 is achieved. Also, do follow Risk management and Position Sizing.
NSE:HINDCOPPERLong
by rohitkukreja
1
NSE:KABRA - kya lagta hai 🏋️NSE:KABRAEXTRU Kabra Extrustiontechnik Ltd. is the flagship company of Kolsite group and one of the largest players in the plastic extrusion machinery known for its innovative offerings. The company specializes in providing plastic extrusion machinery for manufacturing pipes and films. It has two manufacturing locations in Daman. The plastic extrusion machinery industry’s prospects appear positive in the long term. Kolsite group of companies: Kabra Extrusiontechnik Limited (KET) Plastiblends India Limited (PBI) Maharashtra Plastic & Industries Limited (MPI) Kolsite Corporation LLP – Agency Division (KCLLP) Kolsite Group commenced its operations in the year 1962 at a small factory in Tardeo that had a total area of 800 square feet. Mr. SV Kabra left his traditional business and ventured into the plastics Industry. In 1962, the industry was at a very nascent stage, and he decided venture into processing and while processing he faced various issues with the machinery which eventually encouraged him to manufacture machinery for plastic extrusion. The group entered into joint ventures with the Global players of this field to soon become a leader in Plastic Extrusion Machinery in India. Since then, the company is known for being the pioneers of various technologically advanced plastic extrusion plants. The group has completed 55 years of its existence. The company has global presence in ~90 countries. Kabra Extrusiontechnik has one of the largest sales & services network in India and equally efficient agencies in South Africa, Turkey, Middle East, South East Asia & Latin America. This helps the company to cater broader spectrum of clients and enhance its capabilities as a manufacturing company. Kabra Extrusiontechnik has 2 state-of-the manufacturing facilities with a combined area of about 83820 sq. m. These facilities consist of Administration Buildings, Govt. recognised in-house R & D Unit, Quality Testing Units, Machine Tool Equipment & Paint Shop. The company has one of the largest R & D team in the Plastics Machinery Industry with more than 45 dedicated engineers working in different areas of processing, manufacturing, application development, design, controls and automation. Mr. SV Kabra is the Chairman and founder of the Kolsite Group of companies and has been the main driving force behind its growth over the last 54 years. In 2013, he was awarded with the Outstanding Achievement Award at Vinyl India 2013 conference for his pioneer work in the domestic plastic industry. He has been on the management & executive councils of many reputed plastics organizations in India. SV Kabra has done BA in Economics (Honours) from Mumbai University. Mr. SN Kabra is the co-founder of the Kolsite Group and Vice-Chairman and Managing Director of the company. He holds a degree in Mechanical Engineering and has strong techno-commercial experience. Since 1960s, he has been instrumental in defining company's strategies, business goals and overall development initiatives. Disclaimer Information shared, and all content we produce is intended for education and entertainment purposes. Any advice is general advice only and has not taken into account your personal financial circumstances, needs or objectives. No, buy or sell recommendation. Before acting on general advice, please speak to a financial professional.
NSE:KABRAEXTRU
by Peaceful-Weekend-Investing