Dwarikesh Sugar NSE By KRS ChartsDate:9th July 2024
Time:10:57 AM
Why Dwarikesh Sugar?
1. Corrected since 2022 and recently on 10th July reached depth of correction price as shown in chart.
2. Successfully breaks A wave price point and sustained too.
3. RR is very favorable and in Hourly TFs 100 EMA as support working fine.
Buyondips
Bullish Swing Trading Setup in HAVELLS INDIA LTD
Today Havells performed well after breaking it's major resistance of 15 minutes.
My expectation is bullish for few trading sessions but only after a retracement.
If Price retrace then I will have bullish overview for a swing, so it's better find bullish opportunity for upswing. If price sustain above previous resistance which can act as a support.
This is just a overview, I am not recommending to buy or sell. This information is just for educational purposes, remember I am not SEBI REGISTERED
CDSL -Bull run 2.0 loading?CDSL has been in an amazing bull run since last 2 years because of the growing investment in Indian stock market.
Stock has formed a beautiful inverted head and shoulders pattern near ATH.
A breakout of the pattern will bring more bullishness in the stock.
I would rather prefer adding on dips than having a close SL in such stocks.
BHEL: High Return Idea upto 52%BHEL is moving higher in impulse trend.
The Trend for BHEL is positive and the best of the trend is behind us.
Prices are currently moving in the form of wave 4 retracement.
Time cycle are the crucial areas of reversal and for Bhel it is due on 25th march.
So the up move has still more room to cover and we can expect the stock to reach towards the level of 300/320+ in the form of wave 5 by next 4/5 months.
Over short term dips can be used as accumulating opportunity with 200 as immediate support with a stop below 170 on weekly closing basis.
HFCL-An investing stock for open targets!HFCL Ltd (Himachal Futuristic Communications Limited) is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high end telecom equipment, Optical Fiber and Optic Fiber Cable . (Source:-Screener)
With growing 5G and Gigafiber demands, HFCL has a big future ahead and chart suggests the same. Stock had given 20 year consolidation breakout back in 2021 but since then, stock formed a flag for 2 years which further would have frustrated its old investors.
However, last couple of months have been phenomenal for the investors as stock finally managed to break the flag and given weekly closing above the psychological resistance of 100.
Definitely a long term buy for investing at dips(till 80) with monthly support near 65.
Tight Liquidity Globally as well as locally pulls Equities downRising US Yields are attracting liquidity from all assets. Also, in the domestic markets the yield curve has become flat.
From being normal sloping during height of Covid to flat today; the shape and level of the yield curve have repercussions on investors.
This video examines the liquidity situation globally as well as locally and tracks leading indicators to get a sense of whether the trend is reversing any time soon.
These fundamental factors lead to technical charts being formed which are now looking more and more bearish.
Finally this video puts it all together to convert all the analysis into action. The script which i have shared is a simple indicator ewhich checks if the low of the current candle is lower than the previous one, and if so, it triggers a buy alert.
Simple as it sounds, is also very effective in pulling the buying average down as we increase the quantity of our holding.
Practical working of the script publishedThe Algo which i have published buys when the low of the currenct candle is less than the low of the previous one.
So on days like today, when the markets were falling like nine pins and there was no where to hide, this algo keeps getting triggerred and long term investors get to buy at lower levels steadily.
Low cost of buying of quality stocks and their subsequent compounding over the very long term are the only two things required for mega wealth creation - and that is what we try to achieve by this algo.
Granules Demand ZoneThe short term group of ema's shows some contraction in ema's indicates a pause in the uptrend. The price will resume its trend on the breakout of 365. It could be a good opportunity for a fresh entry in the demand zone of 345 to 350 with a stoploss level 335.
Hit the like button!! Show some energy!!
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Thanks
Er. Simranjit Singh Virdi
Bank Nifty Intraday levels 18/Sep/23Good Morning Traders,
BankNifty stayed positive for 3rd straight day, rising half a percent of 231 points to 46232 and formed bullish candlestick pattern with minor upper shadow on the daily time frame, BANKNIFTY went closer to its record high on friday, but unable to give breakout. Guy's if i talk about weekly timeframe, still banknifty has formed long bullish candlestick pattern with above average volumes and gained 2.4 % in last week. Hence, the decisively close above all time high can push Banknifty towards 47500-48000 in coming months. Guy's keep in mind any big Dip in index can be buying, so please plan accordingly.
Important Levels For Banknifty:-
Support Zone 45500-45600
Resistance Zone 46300-46400
Buy above 46267, if levels sustains at least for 15 mints.
Targets we can see in upside 46380/46535
Keep stop loss at 46091
Sale below 45889, if levels sustains at least for 15 mints.
Targets we can see in downside 45745/45579
keep stop loss at 46091
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
ITC - A viewpoint NSE:ITC
ITC Limited is a holding company engaged in the marketing of fast moving consumer goods (FMGC). The Company operates through four segments: FMCG; Hotels; Paperboards, Paper and Packaging; and Agri Business.
TTM EPS: 12.01
TTM PE: 21.40
Sector PE: 23.75
Book Value Per Share: 47.87
P/B: 5.37
Face Value: 1
Mkt Cap (Rs. Cr.): 316,769
Dividend Yield: 4.18
Some Positives:
Company with Low Debt
Increasing Revenue every quarter for the past 2 quarters
Increasing profits every quarter for the past 2 quarters
Near 52 Week High
Strong Momentum: Price above short, medium and long term moving averages
Some Negatives:
Inefficient use of capital to generate profits - RoCE declining in the last 2 years
Declining Net Cash Flow : Companies not able to generate net cash
My Opinion: When the stock is in any uptrend, it forms base in stages. One should wait for a new base to form. 265 is an important resistance.
Can ITC cross 310 and go even higher? Absolutely yes. When? You never know.
NOT A RECOMMENDATION. ONLY FOR EDUCATION PURPOSE. Thanks.
FINNIFTYNifty financial services is looking ready for major upside moves in coming days , as long as it stays above 18.5k levels , finance index looks great to hit new all time highs .A good bullish cup and handle is formed in the index and A confirmation breakout above current high of 19800 will take index towards targets of 20800/22800/25800 in coming days , view will go invalid below levels of 18k
Analysis on Nifty- Long clean breakout on 15 mins time frame on nifty however retest pending
safe traders wait to enter long position best level to enter near 17920 SL 17750 Target 18350+
long position holders book above 18200 buy on dips target 18350,18600
avoid shorts until nifty holds 17750 ie, strong support for this month jan expiry
once broken retest 17600,17400 might possible overall long setup buy on dips
HUL/Giving good buy on dips opportunity/Slowly build positionBuy on Dips Investment Idea - Slowly add position at every support level, if it does come to these levels.
Scrip : Hindustan Unilever
Entry - This is an investment idea, buy on dips and add at every support levels. Support levels mentioned in the chart.
Enter at 2650, 2500, 2300,2150.
This is an investment idea for medium term to long term horizon. Giving decent opportunity to enter at dips.
It is a market leader, segment leader, and fundamentally very strong stock.
Please note: I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.
SUN TV.... AT AN OFFER PRICE!Sun tv is a fundamentally good script for long term investment. It offers good dividend for its investors.
The stock is at the best price now for investing. It is at the support trendline.
The price is much lower than intrinsic value.
Start accumulating, add more on dips and forget for the next one year!