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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 target on May 21, it consolidated until Jul 8 '24 and then broke down. This month Price broken down from parallel channel as well. Kalyani Steels had a max drawdown of ~44% twice and 40% 5 times and ~20-25% for around 7 times since Feb '22. Recent drawdown from ATH is 26%. If KSL were to break 800, then as mentioned earlier there would be a 18% fall (max drawdown 44 - recent drawdown from ATH 26 = further prediction 18) where next support is at 650. Since my Avg price is 257 that too after exiting initial investment + 20% profit, I made my decision to stay put with the rest of the units. Apart from technical, fundamental reason for staying put is due to expansion plan at Odisha of 5124cr with 10K TPA capacity for aero & defense components
NSE:KSLShort
by naraykln
DMCC SPECIALITY CHEMICALS - Breakout + Retesting completedDMCC SPECIALITY CHEMICALS - Breakout + Retesting completed 1. On 1st week of December it had given a beautiful Triangle Breakout with Volume Burst 2. Last week, Retesting process was almost completed 3. Good to buy in the range of 350-340 zone 4. Target could be 480 to 525+ 5. SL below 300 on weekly closing basis Note: This is not a Buy/Sell recommendation. Please contact your financial advisor before investing. Regards Bull Man
NSE:DMCCLong
by bullmanacademy
1
Natural Gas Intraday Technical Analysis for 17th December, 2024!🚀 Unlock the potential with my Natural Gas Intraday Technical Analysis for 17th December, 2024! ✨ Boost, follow, and engage for updates. Your support means a lot! 🚀❤️ 📍 Range Trigger Point (WRTP): 273.70 📅 Day Range: 9.40 📈 Long Position 🔹 Buy Above: 273.21 🎯 Target 1: 279.51 🎯 Target 2: 283.10 ⛔ Stoploss: 270.08 📉 Short Position 🔹 Sell Below: 270.99 🎯 Target 1: 267.89 🎯 Target 2: 264.30 ⛔ Stoploss: 274.12 🚀 How to Trade with Numro Trader Intraday Levels Buy Setup 🕒 Wait for a 5-Min. candle to close above WRTP or Buy Above level. 📈 Confirm breakout with a candle breaking the high of the breaking candle. 🛒 Enter a buy order at the active level (WRTP or Buy Above). 🎯 Target: Aim for Target 2 (if the market is coming directly from WRTP) or Target 1 (if coming from below WRTP). ⚠️ Exit Rule: Set stoploss of 3 points exactly from the active level. Avoid re-entering after achieving the target. Sell Setup 🕒 Wait for a 5-Min. candle to close below WRTP or Sell Below level. 📉 Confirm breakout with a candle breaking the low of the breaking candle. 🛒 Enter a sell order at the active level (WRTP or Sell Below). 🎯 Target: Aim for Target 2 (if the market is coming directly from WRTP) or Target 1 (if coming from above WRTP). ⚠️ Exit Rule: Set stoploss of 3 points exactly from the active level. Avoid re-entering after achieving the target. 📅 Timing Considerations If Day Range is More Than 10 Points: The trade is highly likely to activate after 5:00 PM, as significant volatility typically occurs later in the session. If the Range is Less Than or Equal to 10 Points: Expect the trade to activate in the morning, before or around 10:30 AM, when the market begins its movement for the day. ✨ My strategies are backed by 6+ years of research and proven success in trading indices, commodities, and more. Connect to know more for Intraday Levels and Live Market Confirmations. 📈 #NaturalGas #IntradayTrading #MCX #NumroTrader
MCX:NATURALGAS1!
by NumroTrader
Bajaj Finance Future Weekly Analysis for 16th to 20th of Dec.🚀 Unlock the potential with my Bajaj Finance Future Weekly Technical Analysis for 16th to 20th of Dec., 2024! ✨ Boost, follow, and engage for updates. Your support means a lot! 🚀❤️ 📍 Range Trigger Point (WRTP): 7,203 📅 Weekly Range: 373 📈 Long Position 🔹 Buy Above: 7,082 🎯 Target 1: 7,434 🎯 Target 2: 7,576 ⛔ Stoploss: 6,958 📉 Short Position 🔹 Sell Below: 6,994 🎯 Target 1: 6,973 🎯 Target 2: 6,830 ⛔ Stoploss: 7,119 ✨ My strategies are backed by 6+ years of research and proven success in trading indices, commodities, and more. Connect to know more for Intraday and Weekly Levels and Live Market Confirmations. 📈 #BajajFinance #WeeklyTrading #StockFuture #NumroTrader 📊 How to Trade with Numro Trader Weekly Levels Buy Setup 🕒 Wait for a 1-hour candle to close above WRTP or Buy Above level. 📈 Confirm breakout with a candle breaking the high. 🛒 Enter buy order at active level (WRTP or Buy Above). 🎯 Target 2 (if from WRTP) or Target 1 (if from below WRTP). ⚠️ Avoid re-entering after hitting the target. Sell Setup 🕒 Wait for a 1-hour candle to close below WRTP or Sell Below level. 📉 Confirm breakout with a candle breaking the low. 🛒 Enter sell order at active level (WRTP or Sell Below). 🎯 Target 2 (if from WRTP) or Target 1 (if from above WRTP). ⚠️ Avoid re-entering after hitting the target.
NSE:BAJFINANCE1!
by NumroTrader
Fin Nifty Index Weekly Technical Analysis for 16-20 Dec., 24🚀 Unlock the potential with my Fin Nifty Index Weekly Technical Analysis for 16th to 20nd of Dec., 2024! ✨ Boost, follow, and engage for updates. Your support means a lot! 🚀❤️ 📍 Range Trigger Point (WRTP): 24,880 📅 Weekly Range: 634 📈 Long Position 🔹 Buy Above: 24,669 🎯 Target 1: 25,272 🎯 Target 2: 25,515 ⛔ Stoploss: 24,457 📉 Short Position 🔹 Sell Below: 24,519 🎯 Target 1: 24,488 🎯 Target 2: 24,246 ⛔ Stoploss: 24,731 ✨ My strategies are backed by 6+ years of research and proven success in trading indices, commodities, and more. Connect to know more for Intraday and Weekly Levels and Live Market Confirmations. 📈 #FinNifty #WeeklyTrading #IndexFutures #NumroTrader 📊 How to Trade with Numro Trader Weekly Levels Buy Setup 🕒 Wait for a 1-hour candle to close above WRTP or Buy Above level. 📈 Confirm breakout with a candle breaking the high. 🛒 Enter buy order at active level (WRTP or Buy Above). 🎯 Target 2 (if from WRTP) or Target 1 (if from below WRTP). ⚠️ Avoid re-entering after hitting the target. Sell Setup 🕒 Wait for a 1-hour candle to close below WRTP or Sell Below level. 📉 Confirm breakout with a candle breaking the low. 🛒 Enter sell order at active level (WRTP or Sell Below). 🎯 Target 2 (if from WRTP) or Target 1 (if from above WRTP). ⚠️ Avoid re-entering after hitting the target.
NSE:CNXFINANCE
by NumroTrader
DMART at a support level and at a discount. ✅It is at a support level and available at a discount. ✅For long-term investors, Dmart is at a decent value. ✅Decent Fundamentals/Good Management ✅Positional or Swing traders can look for long entry above 3985, provided it gives a good candle with good volume. Remember: ❌Stock is beaten down with the advent of digital shopping platforms. ❌Stock is Trading way below 200 DMA and 50 DMA ❌As of now it lacks momentum. ❌A breakdown of 3180 can bring in more weakness and stock may test 2683. Entry(Positional/Swing)- 3984 SL-3189- Closing Basis Risk: 20% Reward: 38%-50% This is more apt for the long term. Buy this dip only if you understand the company and believe in its fundamentals and management. This is just my view and please do not treat this as a Buy/Sell recommendation. Please do your due diligence.
NSE:DMARTLong
by sagartharayil
SHAKTI PUMPS FOR LEARNING PURPOSE ONLYShakti Pumps has recently broken out of a symmetrical triangle pattern, indicating a potential bullish trend. Given the increasing profit margins and the government's focus on the sector, the stock appears to have strong fundamentals. Key Takeaways: Technical Analysis: Symmetrical triangle breakout, coupled with increasing volume, suggests a positive trend. Fundamental Analysis: Consistent quarterly profit growth and government support provide a solid foundation. Potential Upside: A target price of ₹1500 within 6-12 months is achievable. Caution: While the stock offers significant upside potential, it's important to note that it's a small-cap company, which inherently carries higher risk.
NSE:SHAKTIPUMPLong
by Bhalotiya
1
The GREENS Vs The REDThere are two most important and fundamental questions that every trader should ask to himself and should not put his hard-earned money in the market before answering them. >> The first one is why more than 95-98% traders lose money in the market? >> And the second one is How those 2-5% traders are still able to make money in the market? 🤔 Is it about fundamental or technical analysis that fill this gap here or is it something else that is ignored on part of the losing traders? Well one can be a good analyst who mastered those arts in months or over years but may still lose 🎃 when it comes to real trading. Social media has made it too easy to learn analysis but trading still keeps its difficult spot in the real world. The space 📏 between the winners and the losers is surely more about discipline and consistency. Losers generally lose because of fear or greed. Fear 😣 could be of missing the trade, so entering too early or could be of losing a winning trade and always exiting with minor profit. Both scenarios lead to damage when trade goes against the expected direction. Greed 🤑 may result into keep on holding a losing trade in hope or not booking good profit in the hope of more and then booking loss. Greed may also lead to unacceptably higher position sizes or over-trading. One should not forget that greed in a good cause is still greed and can damage capital in trading. Both greed and fear lead to lousy decision making and hence loss in almost all cases. Winning approach is more about discipline. It is to know one's reasons for trading. These reasons could be their tested setups- No setup, no trade. Its also about knowing when to stop 🤚. Stop when a defined loss in a trade reaches or stop when specific number of trades are lost. Winners 🥇 understand that there is no perfect exit when in profit. Either exit at a target or at least with some profit. Protecting capital, without overtrading, could boosts confidence in future trades. Hence the task of winning more can be achieved by losing less with the above-mentioned approach. One can also lose less by keeping (acceptably) wider stop and hence limiting the number of trades by by-passing volatility. I hope this would make sense for some traders. Do boost 🚀 comment below to get educational ideas more frequently. Regards.
NSE:NIFTY1!Education
by Bravetotrade
14