On Weekly Time Frame :
We can clearly see - the stock is trading above most of the moving averages - and moving towards an uptrend.
Also, we can see that Buy pressure is above the Sell pressure
On Daily Time Frame :
Add to watchlist -- we may see a good upside to 80+ levels in a short period.
I think the correction is over and Coffee now about to get HOT.
Target is (70 to 87 short tern) (117 to 140 mid term) (200 and on & on long term)
No Buy or Sell recommendations. Just for study purpose.
Entry range: 55.5 - 57
Target 1 : 67
Target 2 : 80
SL : 53.5 (Closing Basis)
-- Price forming round bottom after breaking out from the base
-- Clear increase in volumes near base breakout
Small to big profit
this chart is shown weekly chart.
RT1 is retracement target
T2 =210 target lvl
t3 =252-317 lvl we will see!
this stock already bought in bulk deal.
goodluck..................!$$$$$$$$
First, allow me to beat my trumpet, please.
Here's a reminder of the Trade Plan given on 12th Dec 2021
(See my trade idea on TradingView titled:
"Coffee Day opens up 2 wild targets that can help swing traders profit up to 300%?"
Trade Plan
- Entry: Test Entry on market open.
- Add on pullbacks at 44.15, or worst case up to 40.20
- Initial Stop Loss (ISL):...
Coffee Day opens up 2 wild targets that can help swing traders profit up to 300%?
Coffee Day stock has now moved from Stage 1 to Stage 2. This indicates a start of a new uptrend.
What's been brewing so long? (in technical lingo)
The basing stage has taken about 18 months from its all-time low of Rs. 14.25 in June 2020
The first weekly contraction was...
Resistance as below
1st : 77
2nd : 90
3rd: 190
above are the 3 resistances for cafe coffee day stock. currently looking bulllish on the chart. volume is very high as compared to the average volume.
coffeeday expected behaviour on daily chart is for only educational purpose.
the chart is self explanatory.
i would love if you can click like button for time i spent.
Coffee Day Enterprises Ltd - 07.01.2022
The stock is trading @ 42 levels
The prices are at SUPPORT zone
The prices are at EMA
There is a HAMMER in HOURLY chart
Let the prices go above 43.20
watch out for the price action
Coffee day to Retrace @39 - 40 zone
Stock has shown a significant uptrend & has been facing strong resistance at the trend line.
Stock to face resistance once again & come down as low as 24.
Can go long at this retraced value for Best Price, when it breaks the resistance it will be a big move.
Disclaimer : Do your own analysis before entering any trade....
