Alltimehigh
CUMMINSIND heading for big BOAfter last upmove #CUMMINSIND consolidating almost 5+ month.
It tried multiple times to sustain above 900 but failed each time. Finally now it sustaining above 900 plus it give highest weekly closing after March 21.
Long entry can be initiated at this level with SL of 820. For safe player wait for daily candle close above 925.
Target - 1200+ All time high.
Mentorship InstaView 04 Aug’21: Party Continues
Nifty View: Buying momentum continues as the benchmark Nifty extended yesterday’s up move with another 114-points gain in today’s session. Most of this gain came in from the very opening hour, post which the index essentially consolidated its gains. Good to see participation coming in from heavyweight sectors like Banking and Financials. The underlying trend is UP and resilient and unless we notice any sign of buying exhaustion or topping out, let’s maintain a bullish bias and look to buy on dips.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Patience pays in the market.Recent price structure with higher lows in NIFTY along with support from multiple trendlines indicates that there is a high probability of it breaking above 16000. A close above 15900 on the daily will increase the odds further. Keep an eye out for targets of 16200-16300 on a close above 16000.
Mentorship InstaView 04 Aug’21: You are 16 going on 17
Nifty View: “BIG” breakout from the benchmark Nifty index in today’s session. The index finally delivered the much-awaited breakout with which comes positive sentiment and clarity in terms of the underlying immediate direction. There was barely any intraday dip during today’s rally which clearly shows that the bulls have got the contrarian bears trapped and this momentum can very well continue this week. The only caveat is the impending short term topping out price behaviour in the US markets. Nevertheless, let’s enjoy and celebrate the Nifty at a new life-high and make use of the fresh momentum. Of course, the erstwhile resistance zone of (15,900-15,950) acts as the immediate supports now.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
HAWKINS COOKER ALL TIME HIGH POTENTIAL TO GIVE ANOTHER 15-50 % As hawkins cooker break all time high level this week we can expect stock to give another 15 to 50 % return in short to mid term, for short term trader entry/hold with a stoploss of S1-6080,S2-5790,Target of T1-7000,T2-7500,T3-9000.For long term investor if price fall to 5800-6100 level then best level to entry otherwise enter with small quantity @ CMP
Mahindra CIE - 13yr BreakoutBUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
PERSISTENT SYSTEMS GREAT SWING TRADE 27TH JULYThe stock have made all time high today (26th Jul) with good volume which shows the strength and momentum in stock .
MACD bullish cross over would be the double confirmation. the stock is trading above 5,9,20 days EMA .
PERSISTENT SYSTEMS is potential candidate for intraday and swing trade tomorrow.
LT LONG : All targets done.Please check my idea posted previously on 23-06-21. The trade has turned out beautifully and all targets have been reached and LT has closed at an all time high of 1618.
LT has been in a nice uptrend, continuously making higher highs and higher lows. After the recent pullback to the 20 EMA , a nice continuation candle has formed. A long can be initiated keeping in mind the following levels, only if it sustains above long level for 15 minutes.
LONG ABOVE : 1505
STOP LOSS : 1469
TARGET 1 : 1541
TARGET 2 : 1577
Mentorship InstaView 15 July’21: A New Life High … Now?
Nifty View: Benchmark Nifty index extends the underlying short term UP trend fine in today's session with a 70 points gain to post a new life high. Congratulations. Now the million-dollar question is whether it’ll be able to sustain at these highs or not. Well, keeping in mind the underlying momentum and sectoral participation, the probability of an extension of this up move is higher towards 16,000 and higher. But such a move can only shape up with intermediate short term corrections and in such cases over the next 2-3 trading sessions, the index should not break below 15,775. In case if it does, then that’ll imply a breakout failure and we should expect weakness. Till then keep a bullish bias and look for high momentum range breakouts.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Reason Behind Nifty Future Touching 16,546 Explained + Examples!Today, NSE:NIFTY1! technically hit an ATH of 16,546.50, nearly 5% more than the opening price. Why did this happen? What's the reason? And how do buyers and sellers work?
Basically, buying increases prices. As long as buying is strong, prices will increase. As soon as sellers start taking control from buyers, price will first slow down then stop going up and then come down.
That's, in essence, what we saw today.
AT_ALL_TIME HIGH TATA COFFEE is at all-time highs after a breakout from Flag Pattern target cant be judged but Fibonacci says the target of 213 and 223 but remember stock shows huge momentum both side risk is also high first stop-loss would be at 180-183 and sl2 would be 170 so if you gonna trade keep you stop-loss according to your risk apatite and trade with less quantity Do you own analysis before entering I'm here just to learn and share What I know
If you don't have a Demat Account you may go to my Profile and open one using the links that would help me a lot thank you