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IPO BASE BREAKOUT IN CHAVDAHello Traders⚡
I am a Swing Trader by Passion i only trade on Momentum Stock's.
📌I Post Daily SWING CHARTS Analysis on My Trading view profile..
So let's Star 📌SWING TRADE FOR NEXT WEEK🚀
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📌TRADE ANALYSIS OF CHAVDA
• Potential Breakout Chart
• IPO BASE TRADE
• Short Range Consolidation
• Price Can Take Retest from support Line
• Overall The Price Is Moving In HH-HL Formation
• Volume Buildup Near BO Zone
• Looks Good For 10-20% Upside Levels After The Breakout
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
WIF/USDT Ready for Big Pump or Big Dump ?Trading CRYPTOCAP:WIF ? Here’s How to Win Big or Stay Safe
➡️ Easy Trading Tip: #WIF chart is clearly going up, making it a good choice for easy trades.
➡️ Strong Support: Rebounded from $3.20, showing strong support.
➡️ Next Goal: Staying in the channel could push us to $7 target.
➡️ Watch Out: If it drops below $3, consider exiting long positions.
➡️ Skyrocketed: From $0.17 in Feb to an ATH of $4.91 in March ( 28x in 2 months )
➡️ Risk vs Reward: High risk, but a tight stop loss could mean smart gains.
#Altcoins #Dogwifhat
#Banknifty directions and levels for April 8th.Banknifty has a solid bullish structure, so if the gap-up sustains, we can expect a minimum of 48796. It's a major resistance, so if the market reaches this level solidly, then the market may break this level with minor rejection. On the other hand, if it reaches this level with a minor pullback, then the market may retrace a minimum of 23 to 38%.
Alternatively, if the gap-up doesn't sustain initially, we can expect minor consolidation. After that, if it breaks the previous high, then we can expect rally continuation. On the other hand, if it breaks the downside blue box, it may turn into correction.
Given 2 year old trendline breakout with volumeThe stock has made a double bottom on it's support and bounced well.
It has broken 2 years old trendline with volume and now testing next resistance level.
If it breaks and sustains 1625 level we can expect it to maintain the bullish momentum.
This idea is for Educational Purpose only.
This is not a BUY/SELL recommendation.
Learn & Earn,
Dr. Tanya Kumar
Mighty Nifty - April 8Price was consolidating the whole day and formed a symmetrical triangle. Break out can be in any direction.
Pattern : Support/Resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 22540.
Stop Loss : 22500.
Targets : 22580, 22620 and 22660.
Sell below : 22440.
Stop Loss : 22480.
Targets : 22400, 22360 and 22300.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
You can take a long trade in HDFC BankCompany:- HDFC Bank Ltd.
Sector:- Banking
M Cap:- 10.99T
Technical:- On the hourly and daily chart smart money formed semetric triangle chart pattern and breakout it with heavy volume, I thik this stock is bottoming out and ready for the next leg rally. One more thing Nifty private banking and nifty bank index is also bottomed out. So if Banknifty and Nifty private banking indices have to go up, HDFC Bank will have to outperform.
If you want's to doing this type of technical analysis you can follow me and visit my website "protraderclub.in" and contact me.
Disclamer:- Dear followers, before taking any trade do your own analysis and consult your financial advisor.
Syrma-A hidden bullish divergence hinting a reversal?Syrma is a very reputed Electronics manufacturing supplier which has shown good growth in past few years.
Technical analysis of chart shows bullish divergence near a strong support.
If the stock crosses 500, we can see quick move towards target mentioned. A supportive broader market can also help stock make new ATH.
Keep in watchlist.
India's 4th largest pharma company has given breakout..Hello Guy's i hope you all will be doing good in your life and your trading as well. I have brought another stock which has given breakout of small rectangle pattern on daily timeframe. Company has good management with proven profits making record, it is 4th Consumer Healthcare brands Market ranked #1 in their categories. Mankind is present in several acute and chronic therapeutic areas in India, including anti-infectives, cardiovascular, gastrointestinal, anti-diabetic, neuro/CNS, vitamins/minerals/nutrients, and respiratory.
If i talk about technicals, stock has given small Rectangle pattern breakout and stock has came down to retest the levels.
Indicators like MACD and RSI start giving bullish crossover,
Price is above 200-DEMA. All is indicating bullish reversal in stock.
There is higher chances we can see good bullish momentum in near term. Stock is good for investment like short term to medium term. And one more thing, if anybody wants to consider this stock as long term, then it is absolutely good for that, even i will suggest to do SIP in this.
Market Cap
₹ 92,165 Cr.
Current Price
₹ 2,301
High / Low
₹ 2,375 / 1,241
Stock P/E
55.8
Book Value
₹ 216
Dividend Yield
0.00 %
ROCE
20.7 %
ROE
17.0 %
Face Value
₹ 1.00
Industry PE
32.8
Debt
₹ 9.74 Cr.
EPS
₹ 41.2
Promoter holding
76.5 %
Intrinsic Value
₹ 851
Pledged percentage
0.00 %
EVEBITDA
38.6
Change in Prom Hold
0.00 %
Profit Var 5Yrs
11.9 %
Sales growth 5Years
15.7 %
Return over 5years
%
Debt to equity
0.00
Net profit
₹ 1,650 Cr.
ROE 5Yr
21.6 %
Profit growth
39.3 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Keep an Eye on SILLY! 🚀 Potential Bullish Reversal in the Work💎 Paradisers, #SILLY has broken out of a trendline and formed an inverse head and shoulders pattern, which increases the likelihood of a bullish move.
💎If #SILLYUSDT breaks above the resistance zone or neckline area, it will confirm the inverse head and shoulders pattern, potentially signaling a bullish reversal.
💎However, in the event of a breakdown below the demand level, it may be considered a bearish scenario. Nonetheless, it might be wise to wait for better price action to develop before making any decisions.
💎If you're new to technical analysis and feeling confused, don't hesitate to DM or comment below. I'm here to help you navigate through it.
XAUUSD on rise to 2250
Gold prices rose by 0.38% yesterday, settling at 66367, as investors eagerly awaited U.S. inflation data to gauge the Federal Reserve's stance on monetary policy. Despite recent high inflation readings, Fed policymakers remain committed to reducing interest rates by three-quarters of a percentage point by the end of 2024. Central banks' continued gold purchases for diversifying currency reserves bolstered market sentiment.
Investor attention now turns to the U.S. core personal consumption expenditure (PCE) price index data for February, scheduled for release on Friday, as it could provide crucial insights into inflation trends. Meanwhile, India's gold imports are anticipated to plummet by over 90% in March compared to the previous month, marking the lowest levels since the COVID-19 pandemic. Banks reduced imports due to record-high prices denting demand, potentially curbing a rally in global gold prices. March 2024 gold imports are forecasted to hit their lowest point since the pandemic, attributed to air traffic restrictions limiting imports and lockdowns shuttering jewellery shops.
From a technical perspective, the market saw short covering, with a significant drop in open interest by -37.04% to settle at 3812. Prices surged by 253 rupees. Currently, gold finds support at 66090, with a potential further support level at 65815. Resistance is anticipated at 66570, with a potential upward movement towards 66775 upon surpassing resistance levels. This technical overview suggests a cautious stance amid fluctuating market dynamics and awaits further data releases for clearer directional cues.
AUD/USD: A Third Wave "...Wonders to Behold..."Prices advanced in five waves from 0.6477 to 0.6667. This wave pattern is significant because impulse waves identify the direction of the larger trend. Thus, the five-wave advance in AUDUSD implies further buying to come that would push prices above 0.6667 as wave (iii).
The subsequent decline that is developing in three waves supports this analysis. Counter trend price action typically consists of three waves, so we expect another move up. Moreover, the three-wave decline travels to 0.6550 to retrace 61.8% of the previous impulsive advance. 61.8% is a common retracement for corrective waves especially when they occur as wave 2 of an impulse or wave B of a zigzag correction.
Also nearby is 0.6558, the price level at which wave c equaled wave a, which is a common Fibonacci relationship between wave C and A of zigzag correction.
Also adjacent is 0.6560, the end of the fourth wave of one lesser degree. As a guideline, corrections tend to end upon reaching the end of the previous fourth wave of one lesser degree.
Besides, the correction is unfolding as a Zigzag A-B-C with a triangle characteristic in the b wave position as is common. Also, the correction neatly adheres to the parallel channel with wave c hugging the lower boundary of the channel.
These cluster of evidence suggests that prices are approaching an important juncture and a reversal to the upside is on the horizon. If so, then a break above 0.6629 would virtually indicate the correction ended and the next significant move is to the upside.
Trading Plan
Entry : Buy at market.
Protective Stop : 0.6477; in an impulse wave 2 can NEVER retrace 100% of wave 1.
Target : 307 pips i.e ((0.6667-0.6477) X 1.618)
In an impulse, the third wave commonly travels 1.618 times the length of the
first.
Risk-to-Reward : 1:3
Bhel- Traders Trap at 275 on 4th March 2024 ( Wave Story)Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers!, can you hear them
Elliott Wave Analysis Insight
January 30, 2024: 230's to 240's
At the start of the year, BHEL's stock was trading between the 230's and 240's. Investors were cautioned about limited upside potential, especially below the 235 mark. It was predicted that the stock might regress towards the crucial level of 200.
Last Published on 30th Jan 2024
February 13, 2024: Lows of 200
True to the caution, on February 13, 2024, the stock descended to the lows of 200, sparking concerns among investors. However, BHEL managed to maintain its position above 200, offering hope for a potential recovery. A note of caution lingered - any decline below 200 could lead to a deeper plunge towards 165 & 113-120 support zone.
End of February 2024: Triangular Correction Completed
By the end of February, BHEL completed a triangular correction in its ongoing wave sequence. Despite this, caution prevailed as it was observed that Wave-E was truncated, setting the stage for a sharp rally.
March 4, 2024: Surge to 275.85
On March 4, 2024, BHEL's stock surged to 275.85, trapping traders on upside. However, the warning remained clear - maintaining above 200 it can push upside in 225-240's, while breaching 200 spelled trouble, leading to a slip towards 165 and the critical support zone of 113-120.
Post-March 5, 2024: Decline towards 206
Post-March 5, 2024, the stock experienced a decline towards 206, approaching the key support level of 200 in a an impulsive manner.
The familiar tale repeated itself - maintaining above 200 hinted at a potential upswing towards 225-240's, repeating same thing again & again.
while breaching 200 will trouble, leading to a slip towards 165 and the critical support zone of 113-120.
And so, the tale of BHEL continued, with its fluctuations and uncertainties.
From
WaveTalks
(Market Whispers!, Can you hear them)
Abhishek
Wishing you a Happy Holi-day! 🎉
Avanti Feeds LtdThe company is the largest producer of shrimp feed in India with a market share of 45% in the domestic feed business & best technical support to the farmer and caters to the quality standards of global shrimp customers.
Shrimp Feed Business (78% of revenues)
Inverse Head & Shoulders:-
Inverse Head & Shoulders Recovery pattern is marked in yellow along with Target 670 (its also a resistance).
200 EMA on Weekly & Monthly Chart:-
Price is below 200 Weekly EMA (White Line).
Price is below 200 Monthly EMA (Yellow Line).
Both these Weekly and Monthly 200 EMA are approx at 450 level (which is a Strong Buy level).
Fundamentals:-
CMP is more than Book Value, Graham Number & Intrinsic Value.
Stock PE is Less than Industry PE.
Dividend giving stock.
ROCE & ROE Good.
Promoters holding is Good & No promoters are pledged.
Debt is too Less as compare to its reserves, almost a Debt free company.
Piotroski Score is 8 (Good).
Technical:-
Demand Zones are marked as Green shaded horizontal area.
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Trendline Resistance is Marked & Pink Circles indicate Reversal points from where price fell.
Inverse Head & Shoulders Recovery pattern is seen.
Price is expected to bounce from Demand Zone 1 or Demand Zone 2.
Good Volume is visible along with price accumulating within a zone.
RSI about to take Support at trendline Support which is also at RSI 50 level - which may act as Up Reversal level.
First Entry:-
Buy 490 - 450
Stoploss 400
Tgt 670 - 840 - 975
Second Entry:-
Buy 340 - 310
Stoploss 280
Tgt 450 - 560 - 670 - 840 - 975
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
BANKNIFTY Intraday Trade Setup For 18 Mar 2024BANKNIFTY Intraday Trade Setup For 18 Mar 2024
Bullish-Above 46810
Invalid-Below 46700
T- 47375 47855
Bearish-Below 46300
Invalid-Above 46410
T- 45750 45220
BANKNIFTY has closed on a bearish note last week with 2.6% cut last week. Index is at 50 EMA in daily TF. If at all index has to take support from this zone then we will wait for a bullish price structure atleast in hourly TF while it has to regain 47000 to gain bullishness. Below 46300 index may give a sharp downside as it hourly trendline support. 45660 is another big level for a larger slide.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 46810 then we will long for the target of 47375 and 47855.
For selling we need a 15 Min candle close below 46300. T- 45750 and 45220.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
#Nifty directions and levels for March 18th.Good morning, friends! Here are the directions for March 18th: The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bearish trend. It might open with a neutral to a slightly gap-down start, as suggested by Giftnifty, showing a -30 point.
Nifty has a range-bound structure, but the trend suggests correction. So, if the market breaks the previous low, then we can expect further correction. However, that is the final wave of correctional impulse, so if it finds support around 21867 or 50%, then we can expect a minimum of 23 to 38% pullback. On the other hand, if it consolidates or breaks the level of 50%, then the correction will continue further.
Alternatively, if the gap-down doesn't sustain or if it takes a sharp bounceback initially, then it may continue the range further, and we can expect a minimum level of 22146 to 22244.
AXISBANK : Opened a position for about 0.625% of the net capitalFundamental Analysis:
Axis Bank, a prominent player in the Indian banking sector, is currently showing promising signs in terms of price and earnings forecasts according to analysts. However, revenue forecasts are not as attractive. Despite this, the financial health of the bank instills confidence among investors.
One notable aspect is the distribution of share ownership, where the majority is held by institutional investors such as mutual funds (21.43%), DIIs (7.40%), and FIIs (54.68%). The remaining 8.29% is held by retailers, with 4.05% being held by high net worth individuals (HNIs). The concentration of ownership by smart money, including institutional investors and HNIs, signifies strong support for the stock. Notably, this ownership is increasing quarter-over-quarter, indicating growing confidence in the company's prospects.
Moreover, Axis Bank has established partnerships with numerous corporations, serving as the primary bank for the salary accounts of their employees. This strategic positioning allows Axis Bank to tap into a stable customer base, enhancing its revenue streams and solidifying its market presence.
As the fourth largest private sector bank in India, Axis Bank holds significant market share, particularly in credit cards and merchant acquiring services, which positions it well within the industry.
Technical Analysis:
From a technical perspective, Axis Bank's stock price has recently touched the bottom trendline of an ascending channel, suggesting a potential bullish move. There is a potential increase of approximately 10.38% to reach the all-time high, with a further upward potential of about 17% to the upper trendline of the ascending channel.
Considering this technical setup, a decision has been made to enter a position equivalent to 0.625% of the net capital. Further accumulation may be considered if the stock consolidates around current levels in the near future. But I do realise that there is a possibility for the price to rally from the current levels itself, without providing a second entry opportunity.
If the market crashes, additional accumulation may be considered at potential support levels.
If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.
Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.
Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.
Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
NATCO PHARMA AnalysisFOR LEARNING PURPOSE
NATCO PHARMA- I am going to buy this stock because of the reasons as follows-
1. Its coming out from a good consolidation
2. The breakout candle is good with great volume
3. Now it is retesting that breakout zone of last 2Y
4. It is showing better relative strength as it stood strong in volatile times
5. The risk and reward is favourable
6. The company has declared Positive results for the last 4 consecutive quarters
7. Coming out from Stage 1 so it has more upside chances as Stage 2 will start now
8. This company has been a underperformer for a long time but its trying to change now
I am going to buy this on Monday with minimum target of 35-40% and then will trail after that.
My SL is at 826.20 rupees
I will be managing my risk.
IREDA LONGThe Elliott Wave analysis indicates that the stock has finished waves (i) and is nearing the end of waves (ii), which are shown by blue numbers on the daily chart.
Wave (i), also known as the impulse wave, unfolded into five waves, which are illustrated in red.
Wave (ii), also known as the corrective wave, unfolded in an a-b-c pattern, as indicated in red.
Wave c of wave (ii) is unfolding in five waves, as illustrated in the black circle. It appears that wave 5 in the black circle is still unfolding.
It is a buying opportunity on the downturn (dip).
Wave (3) will begin following the completion of wave (ii).
Wave (3) is expected to have around five subdivisions, which are highlighted in red.
Wave levels are depicted on the chart.
Level of Invalidation
The invalidation level of 50 has been identified as the starting point for wave (i). If the price falls below this level, it means that the projected Elliott Wave pattern is not as it appears.
I'm not a registered Sebi analyst. My research is done solely for academic purposes.
Please consult your financial advisor before trading or investing. I bear no responsibility for your profits or losses.
Regards, VJ.
