Gold break out Day candle Gold break out Day candle it short position to get more profit use my analysis to get more money
Earnings
GO LONG ON NYKAANSE:NYKAA
IT IS SWING TRADE.
The stock is forming a box from many days . If it breaks we can see a great move either side
Target of 1900 which is more than 20 % .
A trader can cumulated from support zone of box which has formed . and keep a stop loss 1321 .
Also the expected move can also be 1 September because of the quartly result.
This is for education purpose.
GO LONG ON KAJARIA NSE:KAJARIACER
The is at support zone .
It is also fundamentally good stock too also it which can cumulate this stock for long term.
Target of 1070 which can be seen in coming days the stock is has given a reversal sign too.
It quarterly result is on 3 August which can be factor of upside move
This is for educational purpose.
GO LONG ON NRB BEARING
IT IS SWING TRADE
NRB bearing has consolidated and hence formed a box
If it breaks out there will be great upside move . till 150 , 160 . Which more than 20% returns
The stock has consolidated from 110 to 125 from Feb till now June. which is good conditions for a great movement.
Company have shown a great quarterly result .
This is for educational purpose.
Trading further downtrend in TECH M through swing in PUT optionBasic Technical Analysis -
1. Scrip is in a downtrend, following a parallel channel on Daily TF.
2. Recently gave a breakdown from a long term (June'20) trendline.
3. Bounced back from higher TF (weekly) demand zone after breakdown.
4. Other marked DZ (green), SZ (red) levels are respected.
5. 2nd demand zone & approaching 200 EMA might now act as resistance in short term.
Trade a 75min supply zone b/w these two higher TF demand zones.
Options Trade -
1. ENTRY / TARGET as per spot chart - 1325 / 1275
2. SL using spot chart - 1350
3. RR - 1:2
4. Strike Price - TECHM 26 MAY 1260 PUT (little OTM having good OI)
Other considerations -
1. Select strike price & set SL according to option capital needs, your risk appetite & market sentiment at ENTRY.
2. Time based SL not needed as this trade has the possibility to get over in just few days. Still can keep 50-55% of ENTRY - SL (in spot chart) as your SL.
3. Tech Mahindra Q4FY22 earnings is on 12th May'22.
NOCIL LTD IS LOOKING GOOD FOR A POSITIONAL TRADE.NOCIL LTD HAD CORRECTED 40% FROM ITS TOP
And it is ready to give a huge run-up of 27%
FUNDAMENTAL REASON
1. China had stopped its supply throughout the world so India is expected to fill those requirements and the company is in the chemical business so there would be a huge demand in the coming future.
2. We could see some huge movement today and this kind of movement is usually made by big institutions so Big institutions might be investing in this company.
3. Because big investors are buying into this company it might show some good results upcoming.
TECHNICAL REASON
1. The stock had recently given a breakout of its 2 important moving averages (50,200).
2. The stock had formed an inverted head and shoulder pattern and it is ready to break the pattern.
3. And if you see the RSI we could see a bullish divergence in the RSI.
4. The stock had taken support from a trend and it has given a big movement.
SO, AFTER THE BREAKOUT OF THE NECKLINE WE SHOULD MAKE SOME POSITION IN THIS COMPANY
E-Commerce Aggregators IndexThere was humongous craze of some of the IPOs which came last year like Paytm, Zomato,Policybazar etc. But the primary concern was always high valuations of these loss making startups. In the meantime from November 2021 these companies have eroded great wealth of their investors.
I made an index to track performance of so called web or app based aggregators. Say we are in year 2035 and some of these companies are producing huge profits and have become giant entities. This index will track the stock performances of these companies.
I have kept the base price of Index at ₹1500 and base date as 6 May 2022.
As it is clear from the chart they have underformed nifty by almost 40%. But that is in past and let us see how they perform in future.
Company name its weightage in index and buying price is shown below. E.g. Nykaa have been allocated ₹300 out of ₹1500 and matrimony.com have been allocated ₹30 in the index.
Nykaa 20% @₹1539
Naukri 20% @₹3898.05
Zomato 15% @₹60.50
Paytm 15% @₹568
Policybzr 10% @₹617
Indiamart 7% @₹4418.7
Easy trip 7% @₹385
Justdial 4% @₹751.45
Matrimony 2% @₹737
Page Industries Long Daily TimeFrame Above 43000Page Inds is following the long term range from october 2020 as can be seen in the chart.
The MA shows an uptrend, also the financials for the recent quarter shows an increase in revenue and netprofit although the Operation margin are down 3%, YoY the revenue is up and net profit are up with an operating margin is neutral.
Break above 43000 , may result in a upleg till 56000, with a SL at support region i.e 38400-37600.
If it consolidated further can a good buying opportunity on break of the trendline.
Risk to Reward- 1:4
(The charts are in Log Scale)
Adani Green Long Daily TimeFrame Breakout Above 2050Adani green is following the long term range from 2020 as can be seen in the chart.
It has consolidated for almost 2 months now, the MA shows an uptrend, also the financials for the recent quarter shows an increase in revenue and netprofit although the Operation margin are down 7%, YoY the revenue is up and net profit are up with an operating margin which is slowing by 3%
Break above 2050 , may result in a upleg till 5000, with a SL at the low of consolidation region i.e 1835.
Risk to Reward- 1:7
(The charts are in Log Scale)
Target 9.00 ( 1 to 5 months )Good Technical and Fundamental, Good Earnings , So Target is 9.00 , Duration 1 to 5 months.........
#NIFTY Intraday Support and Resistance Levels - 24/01/2022This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
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Rising Bull💯
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