Demand Zone
RAMCOCEM LONG VIEWHello Everyone :)
As per Technical view i see RAMCOCEM has a potential of 10-12% upside in a very short span of time.
RAMCOCEM is fundamentally good and can also be taken as long term bet.
This stock has been consolidating and we can see it is on the demand zone and that makes the sense to go Long.
PS: This is my view and i can be Wrong, This data is Shared for Educational purpose only.
Please consult your Financial Advisor before making an Investment
#Long
#Bulls #Reality #Sector
Finolex cables case studyFinolex Cable spot CMP : 455
Study :- Price action + chart patterns + Elliot wave
Time Frame :- Daily
There is Rising channel formation, currently price is around the demand line of long term structure, on smaller range of time frame there is formation of symmetrical triangle formation, which have demand line around current levels. so there are 2 structure formation as per chart patterns and both have demand levels around current levels. confluence of demand levels gives more confirmation of reversal.
Counter have demand zone as per price action, which can be considered as a retest of previous break out levels, demand zone is marked on the chart which almost confluence with the demand levels of chart pattern structure.
Elliot wave formation :- counter at present look to be in corrective wave 4 of impulse phase and is about to mature, if major wave 4 matures and major wave 5 unfolds for the demand zone reversal can be seen and much higher level possible as per calculation of major wave 5 maturity.
Long & Short Trade via H&S pattern along with Demand & Supply H&S pattern is forming. Left shoulder and Head have formed. Right shoulder is under construction. This DDZ (tested) is at the "neckline" of the above formation.
The expectation is that prices will bounce from the neckline demand zone and go on to complete the right shoulder which should give us a nice little long trade. The expected upside potential from the neckline to the possible right shoulder top is about 8-9% (measured via the left shoulder height).
Trade set up: Since the demand zone is tested many times, look for:
1) Confirmation or T3 entry
2) Plan credit options trade like Bull Put or Bullish Jade Lizard.
SUPPORT AND RESISTANCE WORKS VERY WELL - EDUCATIONAL PURPOSEOnly for Educational purpose.
This stock TCS is right now in good area where buying could be initiated, we have noticed that the price is right now at lower point of parallel channel in daily time frame, where demand zone is also co-incidentally matches and 200DEMA is also at same level of that area zone, but its not confirmed yet to go long, if any type of bullish candle pattern is seen in lower time frame like 30 minutes or in hourly then it could be an opportunity to go long after checking all parameters are aligned or not for trade, with stop loss of last swing low, don't jump directly to buy, do your own studies these types of scenarios on regular basis, check how they works check the probabilities of price directions or price actions. as per previous price action targets are mentioned and stop loss is also mentioned.
Thanks.
Support and resistance view
Parallel channel view along with 200 dema
Morning star candle pattern
Stop loss and targets are mentioned in chart
Disclaimer.
I am not a sebi registered analyst
My studies are for educational purpose only
Please consult your financial advisor before trading or investing
I am not responsible for any type of your profit s and losses
HIND COPPER PRICE ACTION ANALYSISThe hind copper stock price has been falling heavily since it reached the ATH mark. However, the time has come to buy the stock based on the following reasons.
1) The demand zone is created by the ABCD pattern 2.24 and 2.414, the price bounced off this zone with huge volumes.
2) The price is near the 200EMA line, which is 117.17 currently.
3)The RSI is making the higher lows and is above 50.
4) The company's profits are increasing but the price keeps falling.
The risk-reward near this zone is attractive. We can keep a stop loss at 99. The target could be 158.
Happy trading :)
This is just for educational purposes.
AMARAJABAT LONG TRADE SETUPAmarajaBat in strong Accumulation area, it can be taken at 735 with sl of 724 ride it by trailing till 759
Swing SetupEXPLANATION : This is a 4 hour time frame chart of ULTRACEMCO . It has been in downtrend for days the stock on a very crucial level , If ULTRACEMCO taking support from Demand zone & broke its trendline resistance , I am seeing very good buying opportunity in ULTRACEMCO . If stock give a strong breakdown and broke its demand zone with high volumes and retest the same , I am bearish on ULTRACEMCO . Trade with confirmations .
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SBICARD... DON'T MISS THE OPPORTUNITYA beautiful ascending triangle pattern in SBI CARD. The stock is trading near its support level. I suggest you buy at the current price and add more if the price falls. Long rally ahead.
Concentrate on Insurance stocks- SBI LIFE, HDFC LIFE, ICICIGI, ICICI PRUDENTIAL...
Nifty Index will play on Uncharted Zone !!!As communicated earlier that nifty may get into the uncharted Zone, the same has been done in the last few sessions only. Now we do not know the destination of the index. The daily chart is self-explained where the major resistance ( RZ-1)stands between 17200 to 17250. The high probability of reaching that point will be from the 2nd week of Sep 2021 to the 1st week of Nov 2021. If it enters into the High Volatility Zone (HVZ) that probability of going up will decrease to a minimum but once again once it is out of that zone then a different scenario will appear( a study needs to be done there).
As per the market scenario, the probability of nifty reaching RZ-2 is very high if it crosses RZ-1 and stands there for some time by the given timelines.