Defense
BEML LTD: Bulldozing Its Way to New Heights!BEML LTD: Bulldozing Its Way to New Heights!
Technical Analysis:
Trend: BEML is on a bullish rampage, charging upwards like a bull in a china shop... if the china shop were full of profit opportunities!
Breakout: The stock just smashed through resistance at 4,777.90, showing more strength than a bodybuilder at a protein shake convention.
Support: Previous resistance now acts as support. If BEML were a superhero, 4,777.90 would be its trusty sidekick, always there for backup.
Volume: Increasing volume confirms the uptrend. Traders are piling in faster than kids at an ice cream truck on a hot summer day!
Price Action: Strong bullish candles suggest momentum. BEML is painting the chart green like it's trying to win a St. Patrick's Day parade.
Fundamental Factors:
BEML, a defense equipment manufacturer, likely benefiting from increased government spending.
Infrastructure push in India could be fueling demand for BEML's construction equipment.
Risks:
Overbought conditions may lead to a pullback. Even rocket ships need to refuel sometimes!
Keep an eye on broader market sentiment and sector-specific news.
Trade Idea:
Consider long positions with a stop loss below the breakout level. Target the psychological 5,500 level.
Remember, folks, investing is like cooking - it's all fun and games until someone loses their dough. Always use proper risk management!
Disclaimer: This analysis is for educational purposes only. Do your own research before making investment decisions. And remember, the market has more mood swings than a teenager, so trade wisely!
COCHINSHIP FOR 2350Cochin Shipyard Ltd is the largest shipbuilding and maintenance facility in India. It is part of a line of maritime-related facilities in the port-city of Kochi, in the state of Kerala, India. Of the services provided by the shipyard are building platform supply vessels and double-hulled oil tankers.
We recently see a good conslidation in defence stocks and now investors are return to Defence stock ahead of budget.
So i am expecting a good move in Defence sector, on charts Cochinship is looking good.
CMP : 2025
SL :1850
TARGET : 2350
Note: its not any stock recommendation it is only for educational purpose.
Mazdock, setting up again with other defence stocks. -Posted great results. Whole defence sector strong.
-Breakout from long base.
-After 4th July (Election result day) volatility bloodbath, recovered fast n filled that big red candle.
-Tightness
- Lots of white dots (5% move with 1M volume) suggests big institutions are behind the stocks, retailers cant create that much volume.
-Downtrendline tested 3 times.
Ship-building companies in a trajectory of their ownNSE:MAZDOCK has out-performed its peers NSE:COCHINSHIP and NSE:GRSE since the start of 2023. However, all 3 stocks have out-performed the market. These 3 have created significant wealth for investors. Fundamental triggers are plenty for these companies. Defense sector is looking very strong and one should definitely keep an eye on these 3. Order book is also very strong.
AXISCADES Long term high RR Bet
#axiscades
A very high risk to reward bet.
***LONG TERM***
THEME:
AI, AEROSPACE, IOT, VIRTUAL SPACE,DEFENCE
Started adding from levels of 30 rupees.
Adding more today as breakout seems to be good.
Safe players stay away.
Need to watchout todays closing as well.
Fundamentals are not that great. Just betting money which I can afford to loose.
#vr
DCM Shriram Industries the Gem💎DCM Shriram Industries
cmp 108
Reasons for selecting this stock🤍
🔹Interesting company
🔹Pullback done and expecting a upside movemnt
🔹Another breakout above 116-117 range
🔹Also company involved in armed vehicle manufacturing & drone manufacturing
🔹Furthermore Govt. decided to reduce defence import.It will be postive for the company
ABOUT THE COMPANY
DCM Shriram Industries Ltd is primarily engaged in production and sale of sugar, alcohol, power, chemicals, Drones (UAV) and industrial fibers
The Sicilian Defense: Two VariationsAlthough this method of trading is commonly known yet its sophistication is being ignored by the rookies. Here I ll present two simple but powerful variations which may add further trading skills to many readers.
##Remember that trading skills/TA are just 20 percent part of trading, the rest is your mindset/psychology that play the most significant role in trading success. Learning a skill takes few minutes to few hours but developing a winners mindset takes much longer time##
The First Variation:
This variation is used when the first candle is so large that our risk-reward (RRR) is lopsided. In this case, we do not take the breakout entry. Rather we measure the length of the candle and place the order at the 50 percent retracement level with stop as prescribed before. By doing so we reduce the risk by half and hence increasing our reward, creating the required RRR balance.
The Second Variation:
This variation is used when our trade has failed, means we are stopped out. (Yes, that's true !! we have to accept the harsh truth of taking losses. Only our discipline and risk management makes us profitable in the long run). We reverse out trade as soon as we are stopped. We can set our target where we recover our loss (including brokerage) accepting that the trade didn't work this time.
Sometimes these reversals create very strong momentum, so trailing can be done as per personal preference.
Hope this strategy makes sense to all the readers.
Trade safe, stay healthy.
JJ