Demand Zone
Good buying opportunity in DBLDBL is making similar pattern like Axis bank-
EMA 20 Daily+weekly support
Daily demand zone
Harmonic pattern
Trend line support
Higher highs formation
Immediate target should be 320, if sustains and break the trend line on the upper side we can see 360 levels.
Company is one of the big player in road construction.
PE is 9.25
Industry PE-14.6
currently undervalued stock.
SRTRANSFININSIDE 1HOUR TIMEFRAME OF DEMAND ZONE I FOUND 2 DEMAND ZONES ON SMALLER TIMEFRAME ie 15MNTS
Zee Learn-is it a Multibagger?looking good for short term as well long term
Currently in Monthly and daily demand zone
Golden cross over formed
Highest market cap in education sector
PE ration 7 Vs industry PE 13 Undervalued
Share book value 15 undervalued
Invest only that much which you can afford to loose
For those Who are Planning to Short INFYIs it compulsory to that stock should fill the gap after a huge gap up?
Is it compulsory to take a short trade in any stock which is showing strong momentum on the upside?
As per my analysis it's very difficult to get the follow through in short trade if it will trading above 890. Sustain below 890 it my test it's next demand zones on the downside.
912-922 is very important level for this month if it will give monthly closing above 922 then it may give strong up move in the next month also and may test it's next supply zones on the upside.
Trade Well :)
Avoid Positional Short Trade in NIFTYI will avoid positional short trade in Nifty because Nifty is strongly respecting demand zone @ 10480-10600 and not ready to give daily below 10600.
According to the data 10500 and 10600 is a very strong support.
Next supply zone @ 10925-11070 and this will be my next target in coming days.
Thank x :)
Trade Well
VOLTAS-SHORT-INTRADAYTrading Ideas for 07/16/2020
Analysis Date: 07/15/2020
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NSE:VOLTAS
Entry @ 548.9
StopLoss @ 550.65
Target 1@ 545.4
Target 2@ 542
Risk : Reward = 1:2