BERGEPAINT 558 TGT 667(20%) SL 523 Recommended By Rachit SethiaBERGEPAINT 558
TGT 667
SL 523
Return 20%
RR >3
Time Frame
Positional Trades
Trade Idea Recommended By Rachit Sethia
Shared with 💚
SHALPAINTS
#ASIANPAINT #BERGEPAINT #INDIGOPNTS #KANSAINER #SHALPAINTS #OIL#ASIANPAINT
NSE: ASIANPAINT
CMP: 3112
TP: 3332
SL: 3010
TF: <1m
RR > ~2 times
Return > 7%
BERGEPAINT ASIANPAINT KANSAINER SHALPAINTS NSE:INDIGOPNTS
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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SHALPAINTS : Descending TriangleSHALPAINTS : Trading under Descending triangle pattern
- Levels are on charts
- Looking good if found near demand zone with small SL
- More entry above resistance zone
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
SHALIMAR PAINTS - Breakout from Channel pattern - SwingThis analysis is purely based on price action and chart pattern.
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target.
Entry can be made above the high of today's candle or on small pull back to upper line of parallel channel.
Targets are shown in image. SL can be placed either below consolidation zone or below 87
Never Run after the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any suggestion or query regarding price action analysis
Checkout my other ideas linked below.
SHALPAINTS reacts to monthly supportThis market has been in downtrend for quite some time. Recently there was strong momentum to the upside from 115 levels which is also a monthly support. One of the reason for extreme movement can be short covering. That price action changed the immediate market structure. 160 and 175 are key resistance areas.
RSI had bottomed out and the next swing high will also mark as the first key swing high to take a position. The plan is to wait for market to retrace to the area marked as ellipse and make an entry after confirming that price holds above the blue diamond. Immediate target is 160 and the rest with trailing stop loss.
