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Flagnpole

Jayant Agro - A Positional PickAbout the company - The Company is mainly engaged in manufacturing and trading of castor oil and its derivatives such as oleo chemicals. The group is the leading player in India for the castor oil and castor-oil based derivative products. Group has over 5 decades of experience in castor industry. Technical Parameters 1- the price gave a Breakout of Accumulation Range 2- intensity of volume is good at the time of breakout (suggests strength) 3- price looking to reach again at its all time high as monthly time frame suggests uptrend continuation 4- Price formed Flag N Pole chart pattern. 5- All the supporting indicators such as MACD, RSI, Bollinger Bands, are in good mood and suggestion longs. Trade Plan -- we can enter at Current Market Price and add when stock give some dip. -- safe traders can wait for a dip of 5-10% -- Stop loss is mentioned in chart as around 211 -- As there is a breakout of Flag N Pole Chart pattern, we can expect targets as the length of Pole which is around 550-570. Disclaimer- I am not SEBI registered. All the idea shared on this channel are for educational purpose. Consult your financial Advisor for any kind of investment. Thank you KARAN DINGRA
NSE:JAYAGROGN
by KARANN_DINGRA
3
ELECTROSTEEL CAST - AN INVESTMENT PICKHEY FRIENDS, Here I am sharing my views on ELECTROSTEEL CAST (NSE). First we understand the overall past structure of this stock as per ELLIOT WAVE counts. The stock was in double correction phase in the Wave structure as WXY which is now completed and now we are in Impulse wave structure of 1-2-3-4-5, in which Wave 1 and 2 are completed and now we are unfolding bigger wave 3 of impulse wave 1-2-3-4-5. The overall structure is given below Now as per price action and chart patterns, the stock has given a breakout of FLAG N POLE Chart Pattern with good intensity of volume in weekly time frame. This pattern suggest that the stock may move towards north approx. to the size of pole. As we see that there is bullish bias for this stock, the supporting indicators such as MACD, BOLLINGER BANDS and DIRECTIONAL MOVEMENT INDEX are also in our favor in double time frame. MACD in Daily Time Frame - Positive Uptick MACD in Weekly Time Frame - Positive Uptick At the time of Breakout, the Price is Challenging Upper Bollinger Band Directional Movement Index is also Positive Uptick in weekly time frame Summary- The Stock is in Uptrend and now this stock is ready as BUY ON DIPS so one can add this stock in their portfolio at any dip you get with the Stoploss of 26.50 RS Thank you -KARAN DINGRA DISCLAIMER - I am not a SEBI registered analyst. All my studies are for educational purpose. I am not responsible for any kind of your profits and losses.
NSE:ELECTCASTLong
by KARANN_DINGRA
2
KOPRAN - A SWING AS WELL AS POSITIONAL TRADEHELLO FRIENDS, Here I am sharing my view on KOPRAN LTD (NSE) which is showing bullish bias on the chart. The stock was in downtrend since December 2021 following the downtrend as Lower Highs and Lower Lows pattern but now the stock has broken this pattern and started doing Higher Highs and Higher Lows which depicts the change or trend to uptrend from downtrend. It has given breakout of downward sloping Trendline in Weekly time frame. All the supporting indicators as showing bullish bias on the chart of which snapshots are given below. Weekly trendline breakout with good intensity of volume In Daily Time Frame, Stock has given the breakout of FLAG and POLE Chart Pattern in which we calculate first target as same as the size of pole. Price at the time of breakout is Challenging Upper Bollinger Band Directional Movement Index is also showing strong Bullish Bias Price is Trading above 50DEMA, 100DEMA and 200DEMA MACD in Daily Time Frame - Positive Crossover MACD in Weekly Time Frame - Positive Uptick RSI in Daily Time Frame - Positive uptick and above 60 - a bullish sign Conclusion- overall stock is bullish on chart, one can enter this stock as swing or positional trade following strict Stop Loss. Disclaimer- I am not SEBI registered analyst. My studies are for educational purpose. I am not responsible for any kinds of your profits and losses. please consult your financial advisor before investing your money.
NSE:KOPRANLong
by KARANN_DINGRA
6
CHEMFAB ALKALIS - BREAKOUT HELLO FRIENDS, Here I am sharing CHEMFAB ALKALIS which recently have given breakout of Flag and Pole chart pattern and also forming Head and Shoulder pattern it has given breakout of flag n pole pattern with intensity of volume and the indicator that supports to take trade which are MACD and RSI are also in favor. Flag N Pole breakout The price is also trading above the significant EMAs i.e. 50-100-200 Macd in Daily time frame Macd in Weekly time frame RSI at the breakout candle is positive uptick and is also above 60 which shows strenght Disclaimer I am not SEBI registered analyst. All my studies are for educational purposes. I am not Responsible for any kind of your profits and losses.
NSE:CHEMFABLong
by KARANN_DINGRA