Analysis
UTI ASSET MANAGEMENT CO long term swingStock is fundamentally strong , looking good for medium to long term holding ,also made a double bottom showing buyers coming in , BUY above 710 levels (breakout retest) SL at 650 ,targets given on chart
FUNDAMENTALS :
# 0 debt company
# 60% DIIs holding and FIIs increasing stakes
# Steady growth in profits since 2012
# Reserves increasing
# Stock trading at low PE of 20
Trade for 14 JuneHello traders
Hope you have seen the last post for entry and exit.
Take a look again at yesterday post and look today's chart it has not crossed the 43950 level and on buy side it crosses 44050 level and go till 44120 level if you are smart and not greedy you have booked some points after 44050 level.
Again the levels are same which are marked on chart buying is above 44160 and buying more at 44050 level because now it is support.
On sell side if it breaks 44050 let it sustain below the level and take a small quantity. Mark in mind never trade against your rule, money and risk management, never trade in FOMO.
Thanks
how to trade apcotex industries?The price seems to have reached the end of a period of "accumulation" at the bottom of a major downtrend; the break up through resistance signals a reversal to a new uptrend.
The Head and Shoulders Bottom pattern is observed after a significant downtrend, characterized by three consecutive price declines. The middle decline forms the lowest point, known as the "head," while the other two declines form the "shoulders" at approximately the same level, but higher than the head. The pattern's volume is highest during the initial two price declines, decreasing through the right shoulder. Ultimately, the pattern confirms a reversal to a new uptrend when the price breaks above the neckline, drawn between the two highs, accompanied by a surge in volume. This breakout marks the end of a period of accumulation at the bottom and signals a shift in the trend direction.
expected targets has been marked in chart.
Request everyone to share, like, comment this chart for educational purpose.
Note for everyone who came across this study:
This chart is only for educational purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
BANKNIFTY Trendline resistance Hello traders
Sorry for not posting for a while.
Marking the buying and selling levels on chart which is a buy above 44050 level and can hold till 44160 leval and after that marked on chart
In sell side we have big targets till 43750 if it there are any bearish candle near the Trendline only then we can short with small quantity.
Make sure you are trading with patience and pchycology and as per your risk because it is your hard earned money do not trade in FOMO.
Let's wait and watch and have a profitable day ahead.
Thanks
Best Fundamental Stock with high durability, Buy on levelPositional Trade For Next 2 - 3 Month, Return Upto 20 - 30%
Quess Corp Ltd.
Buy on level = 390 - 420 (Part Entry)
Target = 465-505 (For Next 2 - 3 Month), 550 (For 6 Month)
Fundamental view
Company with Low Debt
Book Value per Share Improving for last 2 years
Promoter Holding = 56.74, with Zero Pledge
Promoters have increased holdings from 51.90% to 56.74% in Mar 2023 qtr.
Potential Buy Zone on P/E basis
Current P/E = 27.7
Sector: Software & Services
The sector includes companies focused on maintaining, developing and providing internet services, software development, and IT services. Products developed include online databases, interactive services, programming, and system services.
GOLD 08/06/2023 Bears have the upper handTVC:GOLD price seesaws around the intraday high as it prints slight gains after dropping the most in a week the previous day. Even so, TVC:GOLD remains indecisive on a weekly basis as markets struggle to find clear direction amid a blackout ahead of the Fed and mixed feelings on growth concerns Global.
Organization for Economic Co-operation and Development (OECD) flagged concerns about a weak global economic transition amid higher interest rates and spurred buyers of TVC:GOLD , especially after a rate hike surprise rates from central banks in Australia and Canada. However, the easing of concerns about the Federal Reserve (Fed) rate hike by 0.25% in June contrasts with the possibility of a rate hike in July to underpin the Gold Price rally towards the end. year.
SELL GOLD zone 1953 - 1955
Stop Loss : 1958
Take profit1 : 1948
Take profit 2: 1940
Take profit 3: 1935
Note: Installing TP SL fully wins the market and is safe in trading