Suntek realtyFrom the Covid low of 145 zone prices have given a rally for two years and made a high of 590 in Jan'22. From there prices have retraced 50% and made a low of 272 and recovered back to hit new all time high.
Prices have made a continuation Head & shoulders pattern whose neckline is 500 zone. Prices have given the breakout the neckline and currently retesting the same. The measured target of the pattern is 950 zone.
Prices are likely to continue the uptrend towards 950-1000 zone in the coming months. The key level for the same is 380.
SUNTECK trade ideas
SUNTECK S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Sunteck Realty | A stock that could potentially doubleSUNTECK REALTY
Monthly Timeframe
Broken a 6-year resistance zone which was around 535 levels.
Stock riding above 20, 50 and 200 month moving averages
RSI > 60
Weekly Timeframe
Breakout clearly confirmed and retest also done with stock bouncing from 535 levels
Stock riding above 20, 50 and 200 week moving averages
RSI > 60
Good Volumes in June and July 2024
Daily Timeframe
Consolidating just above the support zone of 535
Stock riding above 20, 50 and 200 day moving averages
RSI recently touched a low of 40 bounced back
Golden crossover in May 2024
Possibilities
Entry: Around 580
Stop Loss: 510
Target - 1: 700
Target - 2: 785
Target - 3: 1100
Swing Trade - SUNTECK📊 Script: SUNTECK
📊 Sector: Realty
📊 Industry: Construction
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 65.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 627
🟢 Target 🎯🏆 - 695
⚠️ Stoploss ☠️🚫 - 599
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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SUNTECKAnother Idea on SUNTECK
1. This stock breaking out of the all time high and the break juncture seems crucial as it has taken little time.
2. Volumes are evident to show that buyers are strong in this stock for recent period.
3. In my experience when the a stock is breaking out of cub pattern in the important place, then it works better and given us short term profit.
It is seems more attractive for short term, may be for long term based on market condition.
do research and consider, feed if you get benefited on this.
Sunteck Realty | Bullish | 2x possibilitySUNTECK REALTY
Monthly Timeframe
Broken a 6-year resistance zone which was around 535 levels.
Stock riding above 20, 50 and 200 month moving averages
RSI > 60
Weekly Timeframe
Breakout clearly confirmed and retest also done with stock bouncing from 535 levels
Stock riding above 20, 50 and 200 week moving averages
RSI > 60
Good Volumes in June and July 2024
Daily Timeframe
Consolidating just above the support zone of 535
Stock riding above 20, 50 and 200 day moving averages
RSI recently touched a low of 40 bounced back
Golden crossover in May 2024
Possibilities
Entry: Around 580
Stop Loss: 510
Target - 1: 700
Target - 2: 785
Target - 3: 1100
SWING IDEA - SUNTECK REALTYSunteck Realty , a prominent real estate development company, is showing technical indicators for a potential swing trading opportunity.
Reason are listed below :
Multiple Tests at 500 Zone : The 500 level has been tested multiple times, indicating strong resistance. The price is now attempting to break through this level, suggesting strong bullish momentum.
Breaking 5+ Year Consolidation Zone : The stock is breaking out of a long consolidation phase that lasted over 5 years, signaling a potential new bullish trend.
50 and 200 EMA Support on Weekly Timeframe : The stock is finding support at both the 50-week and 200-week exponential moving averages (EMA), reinforcing the overall bullish sentiment and providing strong support levels.
Trading Near All-Time High : The stock is trading near its all-time high, indicating strong market confidence and potential for further gains.
Steady Price Action : The stock has shown steady upward movement, indicating controlled and sustained buying interest.
Increased Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest.
Target - 590 // 780
Stoploss - weekly close below 430
Disclaimer :
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@visionary.growth.insights
Golden Crossover - SUNTECK📊 Script: SUNTECK
📊 Sector: Realty
📊 Industry: Construction
Key highlights: 💡⚡
📈 Script is giving Golden Crossover on daily chart we may see good rally.
📈 Script is trading at upper band of BB.
📈 Already Crossover in Double Moving Averages and MACD.
📈 Right now RSI is around 81.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 579
🟢 Target 🎯🏆 - 657
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
SUNTECK - Time for a reversal?The chart is self-explanatory as always :)
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
Lapu star BreakoutA cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks.
MACD Crossover - SUNTECK📊 Script: SUNTECK
📊 Sector: Realty
📊 Industry: Construction
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages giving crossover.
📈 Right now RSI is around 61.
📈 There is Formation of Symmetrical Triangle breakout soon.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 483
🟢 Target 🎯🏆 - 532
⚠️ Stoploss ☠️🚫 - 462
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂