B-market
Some tips for beginners to get started in stock marketHere are some tips for beginners to get started in the stock market and for those looking to become pro traders---------
Start with the basics: Before diving into the stock market, make sure you have a solid understanding of the fundamentals of investing, such as how the stock market works, how to read financial statements, and the different types of investment vehicles available.
Set realistic goals: Determine your investment goals and risk tolerance to create a portfolio that suits your needs. Keep in mind that investing is a long-term strategy, and it's essential to have patience and discipline.
Do your research: Conduct thorough research on the companies or sectors you plan to invest in. Look for companies with strong financials, a competitive advantage, and a clear growth strategy.
Diversify your portfolio: Diversification is key to managing risk in the stock market. Invest in a mix of stocks, bonds, and other assets to spread your risk across different sectors and industries.
Keep an eye on the market: Stay up-to-date with the latest news and trends in the stock market. Monitor your investments regularly and be prepared to make adjustments if necessary.
Learn from your mistakes: Investing involves risk, and it's normal to make mistakes. Use your losses as an opportunity to learn and refine your strategy.
Consider professional help: If you're new to investing or don't have the time or expertise to manage your portfolio, consider working with a financial advisor or a robo-advisor to help you make informed investment decisions.
Keep emotions in check: It's easy to get caught up in the emotions of the market, but it's essential to maintain a level head and stick to your investment strategy.
Have patience: Successful investing takes time and patience. Avoid chasing quick gains and focus on long-term growth.
By following these tips, beginners can start building a solid foundation for investing in the stock market, while more experienced traders can refine their strategies and continue to grow their portfolios.
JNJ at the best possible place to buyJNJ has recently been through a sharp correction in its price and currently, it is trading at $160.39, so when we check the charts on the weekly timeframe we can see that the price has previously taken support from this exact point and has shot up every time, additionally the price has also tested and bounced back from the 200 EMA on the weekly timeframe and there's more to it, the price has formed somewhat of a weakish hammer candle on the weekly timeframe, thus giving my bullish conviction a triple strength.
TLDR: If we check the weekly chart we will find the price taking support from an important zone, 200 EMA, and forming a hammer candle.
Coming to the hourly timeframe here you can see the price is following a trend line very meticulously and thus I will be waiting for a breakout and after that I will look for a retest as shown with the ghost candles after the price retests the important zone I will switch to the 15 minute timeframe and look for a long opportunity.
Hope it helps.
Happy Trading.
ICICI Lombard Gen - Daily 1130On a big red monthly expiry day, it has taken channel support.
Forms a good risk reward ratio.
Can buy for targets 1160-1195-1240
Post breakout, targets of 1290-1365-1415-1465 possible.
Keep a SL of below 1080-90 closing basis.
*This is a view, trade accordingly.
*Trail your profits.
WEEKLY 23-1-2023Banknifty is in uptrend, its Montly and weekly RSI is 64 and almost 60 respectively. Daily RSI taking support @ 40. Its a good buy for swing and positional view. Major support near 41800- 42000 and specific SL below 41635. Banknifty is trading in a long channel and is currently at lower end of the channel. Further for last 3 weeks its is within a range and is not moving in any direction. I can sense a big move ahead.
Finance nifty is similar to Bank nifty and its major support levels are 18550 - 18600 and SL below 18500 levels
Stocks to watch for positional view
MINDACORP (breakout of triangle on weekly chart) Strict SL below 210 and TGT can be 256-268
INDIGO (Breakout abv 2070) SL below 2030 and TGT can be 2271
Godrejconsumer (Breakout of Ascending Triangle on weekly chart) SL below 900 and TGT can be 955-970
Stocks for Swing are
SIEMENS SL Below 3000 tgt 3240-3320
SBIN SL below 575 TGT 610- 628
HAL SL below 2430 TGT 2564 - 2620
Previous Week Positions.
LT -- TGT achieved
mphasis stoploss triggered
ABCAPITAL --- still open TGT 170+ SL below 138
TATACOMM ---- Still Open TGT 1460 SL below 1310
Please seek professional advise before investing. The views expressed are personal opinion of author for his study purpose (records) only and author is not a professional advisor on the subject. Author shall not be personally responsible for loss / discrepancies if any arising out of the above report
KOTAKBANK - ConvergenceCurrently, KOTAK BANK Daily 20 SMA, 40 SMA, 100 SMA, 150 SMA, and 200 SMA are trading within 3% range.
Today's volume is the lowest in the past 6 months.
Today closed with Bullish Engulfing.
Currently Close is below Daily and Weekly 20 SMA.
Also As we can see Cipher Harmonic pattern formation on Dailly's time frame.
If crosses and sustains above 1854 levels -- we can see strong upside momentum.
Add to the watch list.
FACT - UP Side movement FACT is closing the current week with, Weekly High is equal to 3 Week back High.
Today volume is akso highest in the month on Daily basis.
Trend Changed to +ve Today.
Crossed Weekly and Monthly Pivots upside
Close is above 20 SMA on Daily, Weekly, and Monthly time frames.
Monthly & Weekly trend Changed to +ve
RSI- Monthly:56.2 Weekly: 53.2 Daily: 61.3
Crossing Weekly high and if sustained - we should be seeing 144 levels in quick sessions.
Add to the watch list and trade as per your research.
SWANENERGY - BO with High volumeSWANENERGY -- Crossed trendline, BO with High volumes. Add to watchlist.
2022-10-31: Volume is highest in the current Month. Trend Changed to +ve Today. Also, close crossed Weekly and Monthly Pivots. Close is above 20 SMA on Daily/ Weekly/ Monthly time frames. The monthly and Weekly trend changed to +ve. Also, VWMA on the Daily time frame crossed the Weekly upside.
2022-11-04 : Normal NR7
2022-11-08 : Normal NR7
2022-11-09: Close cross Weekly and Monthly Pivots Upside. Monthly RSI: 57, Weekly:51.4 Daily:54.7. Today Normal NR7 - Breakout
2022-11-12: Volume is highest in the past 6 Months. Close crossing 4 week High, Cross M Piv upside. Bullish Engulfing RSI- M:60.6 WK:59.5 D:69.3 1.1 VWMA on the Daily time frame crossed the Weekly upside.
Add to watchlist.
MARUTI - Watch above 8300After a recent fall from 9870 to 8082 levels - Maruti is showing a bounce from the support line.
If sustain the momentum - we should see 8474 and then the next 8722 levels in short term.
Currently - we see a crossing 8300 - and based on AB=CD harmonic pattern - if the market trend supports - we should see the breakout of the short-term trendline.
This will give us 8300 JAN CE trade opportunities.
Can think of long-term only above the trendline.
Add to watchlist
Sutlej textiles - weekly cmp 62Buy range 55-61
Huge rounding bottom + Triangle consolidation.
Respecting 200 MA on weekly and just below 200 MA on daily.
On Breakout, Targets can be 69-75-91-93-105
-Promoter holding more than 60%
-low P/E (below industry average)
-Low P/B value.
SL - weekly closing below 50.
*Trail your profits.
This is just a view, trade on your own risk.
Suryalaxmi Cotton - Weekly - CMP 57Huge rounding bottom + Triangle consolidation.
Respecting 200 MA on weekly and just below 200 MA on daily.
Low Price to book value (undervalued)
On Breakout, Targets can be 66-71-78-91-99 .
Broader targets 112-123
SL - weekly closing below 50.
*Trail your profits.
This is just a view, trade on your own risk.
Long term vision for D-MartAvenue supermarkets Ltd. has been proven to be a vital business for country's consumer and it will continue to be.
Coming under 'necessary retail' I expect it to get hit lesser in any black swans from here-on.
Fundamentals are healthy and the chart is in the process of looking better, good amount of correction is over.
Expecting a fall from here of ~10% in the weekly block. Expecting it to run to new highs in the coming year.
A gain of over 90% is what I aim for if we get to buy in low 3400s
NFA--DYOR--GL
Long position opportunity in coal indiathere is looks good opportunity in coal india as its double bottom pattern making.
its strong support at 215 so need to wait for making green candle for reverse trend and take entry.
even coal india analytics says it has made good profit in 2022 and after its dividend it was downtrend so now it will come up trend and chance to make good profit.
check you own base find entry / exit and do it.
thanks
cheers