Breakout in BSE Ltd...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BSE
Navigating the Challenges of Stock Market TradingLife can be tough for many of us because we need to earn money, whether we enjoy our jobs or not. To make a living, we often have to sacrifice our time and energy. Finding something that truly satisfies us is a challenge in itself, and only a few people manage to achieve that. Even when some of us do find our passion, others may criticize us for not sticking to the jobs we studied for. While some discover their passion and pursue it, others may feel trapped in their career choices.
For me, I find satisfaction in trading and investing in the stock market. I enjoy having the flexibility to spend my time how I want, which is why I chose this path. I know it isn't easy to earn money in the stock market, but I believe it's possible. With a strong desire to learn and confidence in my abilities, I am committed to making it work.
Like many traders, I've faced my fair share of obstacles. I've tried various strategies, and, unfortunately, I've lost a significant amount of money along the way. Despite being cautious, the nature of trading means that losses can happen. I remember when COVID-19 hit; it sparked chaos in the market, and my portfolio crashed. At that point, some of my funds were locked, which limited my ability to buy dips. However, I persevered and found a way to recover.
The journey didn’t stop there. After the pandemic, regulations changed, cutting leverage for trades. This was a significant setback for me, especially since I primarily traded in Futures & Options (F&O). Previously, I relied on leverage to amplify my trades, allowing me to use a portion of my funds to F&O trades while saving the rest for buy stocks .
However, when the leverage was cut, I found myself in a difficult spot. Now, I have to use my entire capital for F&O trading, which limits my ability to invest in other opportunities. Additionally, They have increased the margin requirements for F&O trades, meaning I need to put in even more money to take positions. Despite these setbacks, I'm trying to manage my situation and adapt to the new trading environment. I remain hopeful that with patience and a solid strategy, I can find my way back to successful trading.
After everything was set and going well another problem emerged: the market became extremely unpredictable due to global events, like the Russia-Ukraine war. I found that everything I’d learned seemed ineffective as I faced daily gaps in stock prices. I made losses instead of profits for some time, but I knew this volatility wasn't permanent. I decided to take a break from futures and options trading to focus on swing trading and creating and back-testing some strategies.
To be frank,It took me more than three years to become profitable in the stock market. While I eventually became profitable, the journey remained challenging for many retailers. Taxes on trading profits and loss can be daunting, and the government frequently raises these taxes, further complicating the situation for traders. Recent changes implemented by the Securities and Exchange Board of India (SEBI), such as shifting from weekly expires to daily expires and now back to weekly expires, along with the changes in lot sizes and increased margin requirements, have made it more difficult for retail traders to navigate the market.
The current regulatory environment seems to disadvantage retail investors who have invested years in learning about the stock market, developing patience, and gaining experience through both struggles and mistakes. Despite these efforts, it feels as though recent changes implemented by SEBI are making it more challenging for many retail traders, both struggling and profitable. It appears that these regulations may be favoring institutional investors who have more financial resources to navigate the market, leaving smaller investors and traders at a disadvantage.
Despite these challenges, I want to stay hopeful for the future. I wish all traders the best in their journeys, hoping they find profitability and consistency in their trading. The path is not easy, but with perseverance, it's still possible to thrive in the stock market.
"Anyone can choose anything, but only a few have the perseverance to stay the course on the path they’ve chosen."
COLPAL RANGE BREAKOUT WITH MASSIVE VOL A range breakout occurs when the price of a stock moves outside a defined range of support and resistance levels. This can signal a potential trend change or continuation, depending on the direction of the breakout. Here are some key points to consider:
Identifying a Range
Support and Resistance: Identify the horizontal levels where the price has repeatedly bounced off (support) and where it has faced resistance.
Consolidation: Look for a period where the price moves sideways within these levels, indicating a range-bound market.
Types of Breakouts
Bullish Breakout: When the price breaks above the resistance level, it may indicate a potential upward trend.
Bearish Breakout: When the price breaks below the support level, it may signal a potential downward trend.
Confirming the Breakout
Volume: A breakout accompanied by high trading volume is more likely to be genuine.
Retest: Sometimes, the price may retest the breakout level before continuing in the breakout direction. This retest can provide a better entry point.
Trading Strategies
Entry Point: Enter the trade when the price breaks out of the range with significant volume.
Stop Loss: Place a stop loss just below the breakout level for a bullish breakout or just above for a bearish breakout.
Target: Set a target based on the height of the range added to the breakout point.
BSE - Ichimoku Breakout📈 Stock Name - BSE Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 3432.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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BLACKROSE LTD LONG
Blackrose trend break with huge volume. I marked the chart for stop loss and target. However, you can also consider placing a stop loss below the marked point if you're comfortable with a wider stop loss.
Remember:
"Swing trading is not a sprint, it's a marathon. Patience is the key to winning the game."
Mishtann Foods - Falling Wedge Breakout - Ascending ChannelMishtann Foods has recently broken out of a Falling Wedge pattern on Daily Timeframe, as shown in the Chart.
The stock has also been moving in an Ascending Channel on Weekly timeframe and has recently taken support at the bottom of the channel and bounced from there.
Support at the bottom of the Channel has been tested 3 times, as shown in the image.
Looking good to me. What are your thoughts?
Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
A contender to do 10x-15x from CMP in next 2-3 Years.Technical Analysis : Notes on Chart, Price is in Uptrend for the First time since its inception in 2008, 15 years ago.
Fundamental Analysis : I would say Average or below average FA for an investment. As Cash Flow does not look, Company got positive results only from last 2 years. P/E ratio is high around 140 but in small caps usually it is the case. But the Solvency Ratio looks good and so Assets are good for long and short term both copared to Liabilities. Next Results are in November and would be a good time to re-evaluate the position.
Just from the view of Fundamentals, Its not a screaming buy or more opportunities can be looked, But from the prespective of Technical Analysis a small risk is worth in it. TA wise the Signal is "BUY" Considering the Position may see drawdown of 50-60% also, Be wise to manage Risk Management for this Investment.
#DYOR for more. 👍
#Positional / #Long_Term
BMW looking good; short term / long term; min 110% RoiAdd this to watchlist and wait for entry.👁️🗨️
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "82".
Trade carefully untill ENTRY level.
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Entry: 82 / 65
target: 119 - 134- 150- 195
sl: 74 (82) / 55 (65)
major stoploss/ support: 55
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
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Refer old posted idea attached below.
SAMKRG Pistons & Rings - Monthly - Long Term Channel - BullishSAMKRG Pistons & Rings Ltd. (BSE: 520075) has been trading within a well-defined ascending channel, showcasing a consistent long-term uptrend. The chart highlights key support levels at the bottom of the channel, from where the price has always bounced.
The recent price action and technical indicators suggest a potential for further gains.
Key Points:
1. Ascending Channel: The stock has been moving within a clear ascending channel since 2006. The price recently rebounded from the lower boundary of the channel, indicating strong support and a continuation of the upward trend.
2. Key Support Levels: The chart shows multiple instances where the stock has found strong support at the bottom of the channel. Each bounce from this support level has led to significant upward movements, affirming the reliability of this trend.
3. Relative Strength Index (RSI): The RSI has made higher lows and higher highs in the preceding months and looks to be on an upward trajectory.
Disclosure: Invested at ₹179
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
Gujarat Containers - Week - Breakout from Symmetrical Triangle?Analyzed the weekly chart of Gujarat Containers Ltd. (BSE: 523108), which is showing a promising breakout from a symmetrical triangle pattern.
As you can see, the price has broken out of the Trendline recently and has performed a retest as well.
Bullish Divergence on Daily:
Recently a Divergence was also observed on the Daily Chart where the Price made a Lower Low while the RSI made a Higher Low.
The RSI has been on an upward trajectory since.
This setup looks quite promising for a continued upward move. What do you guys think?
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
Everest Organics - Monthly - Ascending Channel - Bullish - LongEVEREST ORGANICS LTD. is exhibiting strong bullish signals on the monthly chart. Here is a detailed analysis of the key technical indicators and potential future movements:
Ascending Channel:
The stock has been trading within a well-defined ascending channel since early 2016.
Support: The lower channel line has provided consistent support, marked by multiple bounces.
Resistance: The upper channel line acts as resistance, tested multiple times.
Recent Price Action:
The stock recently bounced off the lower channel support around 120 INR and is showing signs of upward movement.
This bounce indicates a potential continuation towards the mid-channel and upper-channel resistance levels.
RSI Analysis:
The Relative Strength Index (RSI) is currently at 57.59, indicating bullish momentum.
The RSI has been trending upwards, suggesting increasing buying pressure and potential for further gains.
Disclosure: Invested at 149
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
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BSE, will it breach this AVWAP?Lets learn new thing:
AVWAP (stands for Anchored Volume Weighted Average Price): the average Price of a stock weighted by Volume from an Anchored point (swing low or swing high are good anchor points). Think like moving average but volume also include (not entirely true but to keep easy you can think like that) so it become more powerful as it involves both price and volume.
Now come to BSE, check white AVWAP how it was major resistance and gave fake breakout too. But when it breaches, it gave good Breakout (BO).
Again new blue AVWAP acting as good resistance, now have to check how it acted when it breach this line.
If it will give good breakout, add this powerful tool to your charts.
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No sell/buy recommendations
SENSEX presents a strong upward chart trend right nowThe current chart analysis for SENSEX presents a robust picture. There are no signs of a significant drop-off at this moment. However, in the event of a downturn, the next support zones are projected to be at 75074 and 74249. And major support zone is 72199. These figures could serve as critical benchmarks in case of a market correction. It's always important to monitor market trends and adjust investment strategies accordingly. Please note that this is a general analysis and individual investment decisions should be made based on personal financial situations and risk tolerance.
City Union Bank available for purchase.I decided to invest in City Union Bank as it appears to be within a good buying range.
Disclosure : I am not SEBI registered. The information provided here is for education purposes
only. I will not be responsible for any of your profit/loss with this suggestions. Consult your financial advisor before taking any decisions