Emmbi Industries Ltd Technically checks many boxes.Emmbi Industries Ltd.
📅 Timeframe: Daily Chart
Technical Observations
1. Cup and Handle Breakout:
2. Inverse H&S
3. Base Breakout
The stock has formed a classic Cup and Handle and an inverse Head and Shoulders pattern, which is a bullish continuation setup.
3. Three White Soldiers:
Post-breakout, the stock formed Three White Soldiers (three consecutive bullish candles), a strong bullish indicator.
Fundamental Snapshot
💼 Market Cap: ₹300 Crores (Small Cap).
📊 Current Price: ₹169.
📈 Hi
Head and Shoulders
Classic head & shoulder now 1473 looks attractive Natco PharmaHi Investor,
Chart looks attractive stock near 52 week's high. Today pharma index supporting advise.
Stop loss and target as mentioned on chart. Correction done in Natco pharma.
Inverted Head & shoulder is formed when recent down trend gets reversal.
In Natco Pharma same condition is forming.
Have Patience to wait in the stock with strict stop loss.
I or you never know future it is just projections of future.
Trade at own risk I am not advisor better Observe stock performance to gain in future
Bajaj Health Care now 431 looks good on chart Key Point in chart:
(1) New support : 431 which was previously a resistance, now broken with volume.
Target 1 : 490 , Target 2 : 538 , Target 3 : 602
(2) Price structure : The chart show double bottom & Inv. head & shoulder which are positive signals. A projected price rally is shown, aiming for 490 and so on.
(3) Fundamental analysis : The stock's quarter on quarter earnings have increased. This is positive signal, supporting the likelihood of a breakout.
(4) Stop Loss : Suggested Stop los
Marine Electricals-Exhibiting good Price Action. Positional Pick
✅Successfully completed a breakout and retest.
✅Demonstrating strong resilience in a bearish market.
✅Forming an Inverse Head & Shoulders pattern.
✅Gaining momentum with increasing volume and
price action.
❌ The market is in a profit-booking phase.
❌ Be cautious while entering new trades.
Entry: 335.5
SL: 281- Day closing basis.
Risk: 16.6%
Reward: 31%
RR: 1:1.8
Note: This chart is shared for educational purposes only. Please conduct your own research before making any
M & M : Head & Shoulder Bearish pattern emergingHead n Shoulder Bearish pattern emerging in M&M.
If price breaks down below 2650 then go short with Stoploss of 2900 with tgt of 2100
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
NOTE : I am not SEBI registered advisor in capital market.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
BHEL : bullish after this breakout
INVERTED HEAD AND SHOULDER pattern Breakout -
the stock has broken out of the inverted head & shoulder pattern with gap-up indicating bullish momentum for the stock till the target is reached
50D SMA SUPPORT -
the price has repeatedly taken support from the 50D sma line for last few days signaling upside potential for the stock
REVERSAL FROM FIBONACCI RETRACEMENT LEVEL (0.5) -
price has recently reversed from the 0.5 fibonacci retracement level with perfect accuracy which deno
Kalyani Steels Q1 down. More pain possible ahead!!!Kalyani Steels Q1 results down double digits. Weakness shown in chart since July 15. Till now 800 held as strong support. Not sure if that support will hold further. If 800 gets broken, ~18% fall to 650. Quarterly chart RSI is still ok. But monthly, weekly chart RSI are down. Double top around 1074-1083. Head and Shoulder pattern is forming. An anomaly which I already observed during this market, bearish H&S pattern gets negated.
Nifty Metals W. After reaching the cup target and then Fib targ
*"EUR/USD Intraday Analysis: Continued Buy Momentum | Euro Bulls"EUR/USD sustains its upward trajectory as improved risk sentiment and a softer U.S. dollar favor the bulls. Eurozone economic resilience adds to the pair's bid tone."*
#### **Technical Analysis**
*"Today’s buy entry is supported by the following factors:
line breakout at the point of 1.05403
tp 1 - 1.5677
tP 2 - 1.5677
SL- 1.52237
BAJEL -inverse head and shoulders- Good Volume -BreakoutThe chart **Bajel Projects Ltd.** (BAJEL) on the **NSE**.
Key observations:
1. **Pattern:**
- A clear **inverse head and shoulders** pattern. This is typically considered a bullish reversal pattern.
2. **Breakout:**
- The price has broken above the neckline resistance 267 (yellow trendline), with significant bullish momentum.
3. **Measured Move Target:**
- The projected target, calculated from the breakout point to the height of the pattern, is shown as **42.10 points** or approxi
Creative Newtech. Good Patterns. Keep it on the Radar.
Good structure and pattern.
- Broke out of Darvas Box
-VCP and CnH on DTF.
Entry exits are mentioned in the chart.
Volume needs improvement. This could be a good positional candidate. keep it on the radar.
The chart shared is just for educational purposes. Please manage risks properly and position size accordingly.
MUHURAT TRADING 2k24 - Stocks to Add in Portfolio Happy Diwali Traders !! Here's Diwali Muhurat trading picks for 2024
NSE:SARLAPOLY
Sarla Performance Fibers Ltd. engages in the manufacture and distribution of synthetic yarn. The firm also offers wind power generation. It operates through the Yarn and Generation of Wind Power segments. The company was founded on November 23, 1993 and is headquartered in Mumbai, India.
Technical View:-
On monthly chart it has given a strong breakout on good volume and completed a retest,
CMP @94 look
Perfect Time for a Long Entry.Natco Pharma has clearly turned it's way now, after a fall of more than 20% from it's ATH, is has shown some good reversal confirmations, first being it has take rejection form Fibonacci 0.5 level as well as From it's Important Support Zone, Second being formation of two Bullish Chart Pattern i.e. Inverted Head & Shoulders and Falling Wedge pattern and it has given breakout of these pattern too. There are higher probabilities of it going towards a New ATH.























