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TCS POSSIBLE MOVE KEEP WATCH...HI GUYS KEEP MOVE IN PRICE ACTION KEEP WATCH AND GREAT TIME TO SELL OPTION IN INTRADAY
TCS Price Action Move Keep Watch...
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The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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SBIN TAKE GOOD PROFIT KEEP WATCHHI GUYS SBIN NEW MOVE KEEP WATCH....
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
Freshtrop(-)ve diversion on RSI chart indicates some more selling will follow . Expect it to settle it by 169-165 before some fresh move . This small correction will also complete the 50% retracement of the current move which it had 89 to 219 levels.
Motherson SumiMotherson is getting ready for the fifth wave . might touch 475 -500 on the way. Auto number encouraging. monday might just provide a entry below 300 . stockdada.com
PNB - MORE DOWNSIDE POSSIBLEPNB
Weekly chart
Target 75
Stop 130.
Currently at key support zone which is between 105-113.
Support zone could probably act as a short term consolidation zone, after which a downside breakout possible. This anticipation is justified on account of the heavy volume based fall.
ADANI PORTS - SHORT TERM UPSIDE POSSIBLEADANI PORTS
CMP 413
STOP 385
TARGET 475 PLUS
Weekly chart:
1) Price has found support in the upward sloping channel.
2) Price has been supported by 30 ema historically and currently too it has found support at 30 week ema.
3) Price has the potential to go towards the upper line of the channel.
HealthCareGlobal (HCG) - WATCH LIST STOCK. WATCH LIST STOCK. DO NOT BUY NOW. READ CAREFULLY AND BUY ONLY IF THE REFERRED LEVELS ARE TRIGGERED.
HCG (HealthCareGlobal).
CMP 335
Weekly chart.
Stock has been hovering within the long term upward sloping upward channel since 2016. Stock is currently on its 5th attempt in trying to break the upward channel. Volumes appear encouraging. The more the stock touches the resistance level, the more powerful is the momentum says the theory. Having said that it is pre-mature to decide a trade based on anticipation of channel breakout. Hence PLACE THIS STOCK UNDER WATCHLIST. BUY ONLY IF IT CROSSES 355. OTHERWISE DO NOT BUY AS IT CAN GO TOWARDS THE DOWNWARD SUPPORT OF THE CHANNEL (290-300). If stock is able to cross 355, 335-355 should remain as a strong base and next leg of upmove should possibly start for its journey towards 450 levels. (FUNDAMENTALS NOT SO APPEALING; HOWEVER IN THE EVENT OF A FURTHER UPMOVE IT IMPLIES THAT TECHNICALS DISCOUNTING SOMETHING WHICH MIGHT BE REFLECTED IN THE FUNDAMENTALS AFTER SOME TIME).
SUVEN LIFE SCIENCES - MOMENTUM PICKING UPSuven Life Sciences
Investment Horizon - 6 months plus
CMP 239
Top Down Approach - a) Monthly Chart b) Weekly Chart c) Daily chart.
a) Higher Time frame chart - Monthly (Ascertaining the big picture)
1) Above 30 period EMA.
2) Cup formation in progress and the first HH is seen suggesting early stages of the uptrend has started.
3) Breakout observed past the downward sloping resistance line with good volumes; RS is sloping upwards (however, has not crossed 30 ema; very closely placed; so ideally should be a watchlist until this happens); MACD has emerged positive with rising histogram. (RS is not there in tradingview. It is Relative Strength with respect to Main Index which is nifty. Can be found in few other softwares like Amibroker).
3) Hence bias should be only LONG in this stock. So next step is to ascertain the right time to enter.
b) Middle Time frame chart - Weekly (Ascertaining the current sentiments and the right time to enter)
1) Price has crossed the horizontal resistance zone more recently with good volumes.
2) RS crosses 30 week ema.
3) MACD histogram rising.
4) Hence recent sentiments are positive which could possibly fuel the momentum to the stock.
c) Lower Time frame chart - Daily (Entry zone).
1) Stoch and MACD favours entry at cmp . (For a medium to long term holding, entry can be done in the middle time frame chart too.).
Stop at 180 (a tad below 30 week ema in weekly chart).
Target 340
UCAL FUEL - MOMENTUM BUILDING UPUcal Fuel
CMP 310.
Stop 220
Target 425 plus
1) Breakout with huge volumes
2) Stock has pierced past the upward sloping resistance line.
3) STOCH + MACD looking positive confirms possible momentum building up.
SYMPHONY - A POSSIBLE QUAD - BAGGERSymphony
CMP 1887
Stop 1400
Target 6800 plus (4x returns).
(minimum holding 1 year plus).
Stock fulfills basic criteria
1) Breakout of a long consolidation zone.
2) Above averge volumes accompanied BO. (Volumes not properly displayed in chart as its scale is masked by one of the huge volumes in the left zone of the chart).
3) RS spike above average.
4) MACD histogram - increasing.
HIGH PROBABILITY TRADING SETUP METHOD EXPLAINEDA typical high probability setup example and also the possible mistake of impatient traders post purchase and the cost of the mistake.
FOLLOW THIS METHOD AND SEE YOUR RESULTS A YEAR LATER. YOU WILL REMEMBER ME AND THIS POST.
Illustration is PCJewellers chart.
(This is only an illustration. This is not a trading call on PCJewellers stock).
Refer the accompanied chart and correlate the following to understand better.
A) BUY AT THIS CANDLE AS THE FOLLOWING COMBINATION IS OBSERVED.
1) LONG TERM RESISTANCE CROSSED WITH VOLUMES GREATER THAN
20/30 PERIOD MA.
2) RS INDEX SPIKING UP ABOVE 20/30 PERIOD MA AND PREFERABLY MAKING A NEW HIGH ATLEAST OVER THE PAST 12 MONTHS OR SO. (THIS INDICATOR UNFORTNATELY NOT AVAILABLE IN TRADING VIEW. HENCE NOT ABLE TO DISPLAY HERE. ALTERNATIVELY CAN BE FOUND IN AMI)
3) MACD HISTOGRAM HIGHER THAN PREVIOUS HISTOGRAM LINE AND ABOVE ZERO.
4) STOCHASTIC CROSSOVER SHOULD HAVE ALREADY HAPPENED AT ANY POINT.
(4 IS ONLY A SUPPLEMENT)
BUYING COULD BE TYPICALLY ANYWHERE BETWEEN BREAKOUT POINTOF 295 AND
HIGH OF 395 WITH A STOP A TAD BELOW
THE BREAKOUT LINE 250.
B) STOCK DROPS TO A LOW OF 316 IN THE NEXT
MONTH AFTER PURCHASE MONTH. IMPATIENT
TRADERS USUALLY SELL HERE AT A LOSS BECAUSE THEY LOOK AT LOWER TIME FRAME CHARTS WHICH GIVES A FALSE BELIEF THAT THE STOCK IS BOUND FOR A DROP, WHILE PRO TRADERS DON'T AS THEIR STOPS
ARE AT 250 AND MORE IMPORTANTLY THEY KNOW WHERE THE PRICE IS WITH REFERENCE TO THE LONG TERM CHARTS (BIG PICTURE).
C) WHAT FOLLOWS IS A STAGGERING RISE OF 100% (316 TO A HIGH OF 600) STOCK REWARDS TRADERS WITH PERSEVERANCE.
Studying the higher time frame charts gives a better perspective of the structure and clarity in buy / sell decisions. Definition of higher time frame depends on the traders patience. If a trader is willing to hold for few months typically 3m - 12m or even more, then the study of charts should start with monthly chart. Decision should be done only based on higher time frame charts. Lower time frame (typically weekly / daily) can be used only for entries.
SESHAYEE PAPER - NICE BULLISH SETUPSeshapaper
CMP 1099
Stop 775
Target 1500 plus.
1) Stock has broken out of the consolidation zone with good volumes
2) RS / MACD / Stoch all satisfy buying conditions.
3) Target as per a similar previous pattern observed in the Stoch . Trail price to get max benefit.
SADBHAV ENGINEERING - SOMETHING BOUND TO HAPPENSadhbav
CMP 411.
Stop 320
Target 800 plus
1) Stock has broken out of the consolidation zone previous month with above average volumes.
2) Stock currently in a cosolidation phase post breakout.
3) Breakot out accompanied by spike in RS and also bullish MACD and Stoch oscillator.
4) A similar previous breakout has produced 100% returns (2x). Hence the expected level is around 800 plus.
SANDESH - STOCK TO BUY AND SIT TIGHTSandesh
CMP 1262.
Stop 900
Target 2000 plus
1) Stock has broken out of the consolidation zone. A sort of ascending triangle breakout with above average volumes.
2) RS has spiked along with other bullish indications in the oscillators and MACD.
3) A similar previous pattern has produced 2x returns over medium to long period.
4) Trader patience utmost important to get max benefit.