IREDA - Ready To Bounce From Support🔊 IREDA - Ready To Bounce From Support
IREDA - INDIAN RENEWABLE ENREGY
⌛Duration - Short Term (3 month to 5 month)
📊📈 Trade Logic - Bouncing from Long Term Support Area
CMP - ₹232.37
Time Frame - Weekly
🎯Target 1 : ₹260
🎯Target 2 : ₹280
🎯Target 3 : ₹300
🛑 Stop : ₹210/₹220
🏆 Risk/Reward Ratio (1: 2.5)
Disclaimer: The stock information shared here is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
Bounceback
Just A View - BSE Double Top Neckline Support📊 Script: BSE
📊 Sector: Miscellaneous
📊 Industry: Miscellaneous
Key highlights: 💡⚡
📈 Script is taking support of level 2075 which is neckline of double top.
📈 We may see bounce back from here.
⏱️ C.M.P 📑💰- 2148
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Teamlease Services | Weekly Chart | Techno-Fundamental Pick There are two possibilities here :
1. Either the stock will continue the trend but the volume doesn't suggest so.
2. The weak hands will start exiting at current levels as it's a good resistance level. Wait for some retracement to start building the position. Better to buy as close as near the key zone level.
Mindtree near the support zone Mindtree near the support zone
A hammer at the support zone, could bounce high from here. IT is showing weakness to be careful and trade with strict stop loss
Anything candle close below the support zone can be a trigger to get out!
MMP Industries bounces back1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Largest weekly price spread
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
buy NSE:MMP with a stop just below Rs.190.
KPIT TECHNOLOGIES CONSOLIDATION BREAKOUT COMMING AFTER FALLkpit technologies after correction in entire it sector is ready for another up move. it is bouncing between its 200 and 100 day moving average , which means a big move is about to come . it is also forming a small symmetrical triangle formation whose breakout is about to happen. if you see then the candles at the bottom or during this base formation have been very small , which means after correction there is some halt in selling and probability is that the buyers may come into picture now. so this stock looks extremely bullish also because of broad based it sector rally , and by the way this stock is fundamentally very good because of electric vehicle sector.
Nifty Today: “What doesn't Kill you, Makes you Stronger” - 22 FeNifty View: Yet another volatile trading session for the benchmark Nifty index today, as the index gapped down and fell more than 300 points, to bounce back in the late afternoon and close the day with a loss of just 131 points. The market is reactive in nature now, and equity as an asset class globally is going through a similar correction. At today's lows, the index finds support yet again from the (16,800–16,900) zone, which has held the market thrice over the past few weeks. If today's bounce back happens to be a "dead cat bounce", then we are very likely to see a break below today's low by the end of this week. And if that happens, prepare yourself for further weakness.
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Trade Well. Trade Wise.
Nifty Today: “Lunatic” - 15 Feb’22 Nifty View: In today's trading session, it was a big 500+ points recovery from the Nifty benchmark index. This brings in a lot of volatility to the overall market conditions considering that the index had lost over 500 points in yesterday's trade. Nevertheless, even after today's bounce back, the underlying short-term and intermediate trend of the index is still down. And so, as we advance, the benchmark Nifty will have to deal with immediate resistances before it confirms a short-term trend reversal. Strategically these are challenging times to time the market, especially for short-term traders. And so I suggest that keeping a low profile and trading less with lesser quantity is a better proposition rather than going aggressive.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
NB Ventures buying opportunity1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. First sell on initial stop loss hit or close below supertrend
After posting a quarterly sales growth of 44%, a quarterly profit growth of 58% and OPM improvement from 41% to 43% NSE:NBVENTURES gave a high-volume breakout, retested the support zone and resumed its uptrend. It is a buy at current levels with a stop loss at or below Rs.129
Other Fundamentals: -
1. Stock is trading at 0.47 times its book value
2. Debtor days have improved from 197.31 to 130.94 days
3. Debt coming down since Mar'17
4. Promoter stake increased from 45.53% in Mar'21 to 49.51% in Dec'21
5. FII stake increased from 2.25% in Mar'21 to 6.25% in Dec'21
6. The Company’s Ferro Alloys facilities are supported by captive power from its own power plants giving them certain inherent advantages in terms of availability of power and control on costs
7. The company has entered into a Conversion Agreement with TATA Steel Mining Limited (TSML) for conversion of high carbon ferro chrome. The Agreement postulates that the entire smelting capacity of the Odisha plant is dedicated to TSML to produce up to 70,000 metric tons of high carbon ferro chrome per annum. The duration of the Conversion Agreement with TSML is from December 1, 2020 to March 31, 2025
8. Company plans to increase the capacity of its power plant to 600MW in the second phase, depending on the build-up of demand for power in the region
Nifty Today: “A Confident Close” - 09 Feb’22
Nifty View: The recent bounce back extends further, with the benchmark Nifty index gaining more than 200 points in today's trading session. The intraday charts are improving as the index now deals with the immediate resistance zone of 17,450-17,550. Support from the Banking and Auto sector continues. From now on, the most critical aspect for the rest of this week will be whether it will be able to break out above 17,550 and move back into a short-term uptrend or not. A failure to do so, will bring back selling pressure in the overall market next week. We should not forget that based on the daily timeframe, the underlying trend is still weak, and many sectoral indices are also in a downtrend. So one should not be aggressively bullish in this market condition.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Nifty Today: “Bounce Back Indeed, But too early to call a BottomNifty View: Benchmark Nifty index managed a healthy bounce back in today's trading session. At a close of 17,273 the index managed a marginal positive gain of just 54 points but what was more encouraging was a healthy bounce back from the intraday low of 17,048. At this low, the index is teasing the psychological level of 17,000, a break below which can bring in new weakness. On the upside, the confluence of residences now stands close to the 17,450 mark. It will be important to observe in the next few trading sessions whether the index shows the strength to carry itself further and break above the immediate resistance zone.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Mentorship InstaView 01 Nov’21: Impressive
Nifty View: Benchmark Nifty index impresses with a near 300 points gain in today's trading session. It was a move that was supported well by most of the sectors and heavyweight stocks. In terms of levels, the index at a close of 18,008 will now deal with the immediate short term resistance at the psychological 18K mark. In fact, a closer look at the volume profile and vwap reflects that it is (18,100-18,150) which can act as a stronger resistance for the index. Let us stay cautiously bullish and observe whether the index manages to sustain above 18,000.
Please watch the video for a detailed analysis of the index and stocks.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
IDBI Bank - Bounce Back From SupportThe stock broke out few weeks back, retested the support and bounced back.
Considering the setup in Banking, it looks likely to reach the 52W high and go beyond that.
Keep a stop loss around 49 levels.
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