Buyopportunity
GAIL- Relative Strength says BUY!Attached: GAIL/ NIFTY 50 Daily Chart as of 12th April 2023
As you can see in the Attached Chart, there are 3 Bullish Signals hinting that the Ratio Chart is likely to Rally Up:
1) Cup and Handle Pattern Breakout (see Green Neckline)..... whose Target is still Pending as the Chart works its way up
2) Falling Wedge Breakout (see Wedge Blue lines)........ this is clear with today's Candle
3) Price (Ratio in this case) Moving Up within the confines of a Channel (see Black Channel)
The Upside Target is shown by the Green Arrow Mark Extending
Being a Relative Strength (Ratio Chart) the Signal we get from this says that GAIL is likely to Outperform Nifty 50 in the coming days/ few weeks
RELIANCE BUY ( Positional Trade Idea )Name- RELIANCE
Trading Style- Positional
Strategy- Trendline Breakout + Daily Closing
Timeframe- Daily Chart
Buy Above Breakout Candle High
Stoploss Below Breakout Candle Low
Target Should be 1:2
Note: All the details are provided on the chart itself
Check updates regularly regarding this trade idea
CUP pattern on SONATA SOFTWARE on Weekly TimeFrameSONATA SOFTWARE -
- Cup Pattern (1 year 3 months) (WEEKLY time frame)
- Breakout on March 1st, 2023 - Level 768.70
- Approaching retest zone of 768.70 - 753.00
- Entry on reversal Price Action
* Monthly RSI above 60
* Weekly RSI above 60
* Daily RSI approaching 60
Chances of bounce/reversal on daily time frame
Targets - 1. 809.50
2. 822.25
3. 824.35
StopLoss - Entry yet to be activated
KABRAEXTRU - Retest of head and shoulders pattern's breakoutKABRA EXTRUSIONTEC is currently trading above the zone that previously served as a solid support zone.
On the current timeframe and higher timeframes, the stock is trading above the 50EMA and 200EMA, indicating a positive trend.
We can see that the price has returned to test the head and shoulders pattern's breakout, and we can also see that the selling volume is becoming exhausted. The "Wave Volume Divergence" Indicator was used to analyse the volume.
The overall analysis indicates high probability buying opportunity, which is a low risk and high reward.
I am not a SEBI registered individual; my analysis is only for educational purposes.
If you find my analysis helpful, I'd appreciate it if you could like it and follow me on TradingView for more analysis like this.
Detailed analysis on TATACHEM, a good opportunity to buy ?Hello traders,
As market crashed, many stocks have given good downfall from ATH (All time high).
We should look at it as an advantage to accumulate fundamentally good stocks for long term.
Chemical and fertiliser stocks have also given a good retracement with the market.
TATACHEM, one of the good fundamentally strong chemical company has corrected 27% from All Time High.
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On the chart, I have provided the Price action analysis and entries on it. Here is a note of fundamental analysis on TATACHEM.
A short description of the company:
Tata Chemicals engages in the manufacture of inorganic chemistry products with plants spread across four continents America, Europe, Africa and Asia. We are the worlds third largest Soda Ash and Indias leading vacuum evaporated iodised salt producer. Their salt works, spread over 36,000 acres, are the largest in Asia. We produce soda ash using synthetic and natural mining process. Of this, 3/4th capacity consists of natural soda ash allowing us significant cost competiveness.
TATACHEM is one of the crown jewels of the Tata group, being the 3rd largest manufacturer of Soda Ash and 6th largest of Sodium Bicarb in the world, both of which have numerous uses - from glass, detergents and medication to being used in EV batteries ⚡
Here are some of the important points to note, and why I think this is one for the long haul:
📍 Soda Ash demand is booming, with increased usage of glass in buildings, increased production of EV batteries for vehicles, and increased demand water treatment.
📍 Tata Chemicals is on track to increase the capacity of Soda Ash production by 30% on top of the 4.4 million tonnes per annum (MTPA) of installed capacity and ongoing expansion, which help further capitalise on growing demand.
📍 Since Tata Chemicals have a cost advantage, relying on the mining of Trona from the US and Africa, they can also pass down the rise in raw material costs to the buyers, and therefore maintains a pricing/margin advantage as well.
📍 Tata Chemicals is now getting into the specialty chemicals space - used in medicines or in pharmaceuticals, or other specialised applications, attracting more sticky customers, higher pricing, better margins, better return ratios, and subsequently even higher valuations.
📍 It has been investing in areas like High-Density Silica, nutraceuticals and EV batteries to drive the next leg of growth.
This Pros of the company are helping to boost the revenue growth of the company resulting as a good stock to invest for long term. The company has a wide scope in the future and is expected to give great profits.
Given below are the links of my ideas of my other long term picks that are recently posted. Do check it out :)
Market has crashed so the stocks have corrected from our entry prices. Don't worry, these companies are fundamentally good and therefore we can keep accumulating on dips.
As always, simple and neat charts so everyone can understand and not make it too complicated.
Will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
keep learning and keep earning.
Buy opportunity According to support or resistance
Price near historical support, or consolidate few days.
Risk rewards ratio very attractive
Risk-lowest point (Price) chart
Rewards- depend on demand or supply in my view its big
Price holding support with good volume, good time to entry.
Go long on any bullish candleWelspun India looks oversold + is in a very strong buyer's area go long on any bullish/green candle on daily time frame. Sl of 4 to 5 ruppes will be good for a swing trade .
Buy - Coal India - Target 180 - Trend Channel BreakoutScript : Coal India
Setup : Trend Channel Breakout and Trending up
Target 1 - 180
Time Period - 3 months
This is an investment idea and positional call for 2-3 months.
Coal India is currently trading at comfortable valuations
PE - 7.14
Price to Book - 2.45
MCAP to Sales - 1x
Note: I am not a SEBI registered Analyst, so please trade and invest based on your knowledge and risk profile.
Wipro Ltd. Sector: Computers - Software: BuyWipro Ltd is a leading India based provider of IT Services, including Business Process Outsourcing (BPO) services, globally. Further, Wipro has other businesses such as IT Products, Consumer Care and Lighting and Infrastructure engineering.
CMP: 639.80
Target : 713-760
Wipro Ltd is now on critical support as well previous accumulation Zone. Now market retrace from critical support and fill vacuum phase. if critical support break it go for support 1 i.e. 587.
Used dip to buy and five time investment strategy for long term.
Reasons to Buy:
1) Price reaching for the previous accumulation level.
2) Fundamental reason for demand as the company will distribute dividends, Promotor holding 73% . as well Revenue 61934cr which is good to previous.
3) Best buy before 18th Jan 2022.
4) Vacuum phase or Gaps to fill above.
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If you want to know about your stock please mention in comment.
18/10/2021 Research Report For SBINDisclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Buy at CMP (Current Market Price)
Target 1: 520
17/10/2021 Research Report For Paras DefenseDisclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself from this research. Please note before investing according to this educational research, please do own research and also do take advice from your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single ruppe, please do your own rerearch according to your risk taking capacity and after that do invest and book profits on right time.
Buy Below 635
Target 1: 700