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CENTURYPLYBIRLACORPN 52week breakout with volume rise and very important point is stock is retext & give a good support zone which is already broken resistant zone with h volume . respect SL ... like me of discipline trader large multicap company . .Company has delivered good profit growth of 19.3% CAGR over last 5 years holdings :-))) a) Promoters 73% b)FIIs & DIIs 20% c) Public 7 % for MORE check in my TradingView ID If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏
NSE:CENTURYPLY
by asAMOLSUTAR
2
TradingView Community Awards 2023Our 2023 Community Awards have arrived! It's time to shine a light on the standout traders, the ones who have not only shared consistent ideas on our network, but have also expanded their influence and captivated our trading community with countless boosts, follows, and comments. Below, you'll find the profiles of our winners. This includes the top achievers who not only made it to our Editors' Picks but also bagged a free Premium plan! And let's not forget our second and third-place stars, who are also getting their well-deserved spotlight. Make sure to check out and follow these remarkable authors! 🌟🏆📈👇 🏆 Most popular ideas: These are the ideas that created the most engagement from our community in 2023. Check out how they stood the test of time. 🔥📈💡 🥇 Gold - Don't Dread! Spread the Thread in Polymed! Looks good Ahead! 🥈 Silver - HUL Analysis! W and Flag and Pole! 🥉 Bronze - Bank Nifty Positional view 🏆 Most Valuable Pine Scripts Dive into the most valuable Pine Scripts of 2023 on TradingView. They're game-changers, loaded with innovative features to enhance your trading. Check them out and level up your strategies! 🌲📊🚀 🥇 Gold - Simple Range 🥈 Silver - Benchmark, Sector & Stock Performance 🥉 Bronze - Buy/sell signals with Support/Resistance 🏆 Best Educational Ideas Packed with wisdom and top-notch strategies, these ideas are gold mines for anyone keen to learn. Dive in and boost your trading know-how!📖💡 🥇 Gold - Interpretation Of Chart Patterns According To Market Phase 🥈 Silver - EMA, Envelope & Bollinger bands for Trend Trade with Small SL 🥉 Bronze - Risk and Opportunity 🏆 The Top Chatters Our most active chatters of 2023 on TradingView! Think of them as the Chatty Cathys and Talkative Toms of the TradingView social network.🎙️😄 🥇 Gold: www.tradingview.com 🥈 Silver: www.tradingview.com 🥉 Bronze: www.tradingview.com 🏆 Top Live Streamers These are the superstars turning screens into stages, dishing out live trading drama and wisdom. Tune in to their channels for a front-row seat to the action! 🎥🎤 🥇 Gold: www.tradingview.com 🥈 Silver: www.tradingview.com 🥉 Bronze: www.tradingview.com 🏆 Top Editors’ Picks Take a look at 2023's stars on TradingView, consistently featured in Editors' Picks! They're the maestros of the market, delivering quality insights and analyses time and again. Follow their work for a steady stream of top-notch trading wisdom. 🔮📈🧙‍♂️ 🥇 Gold: www.tradingview.com 🥈 Silver: www.tradingview.com 🥉 Bronze: www.tradingview.com And there you have it! Our 2023 community award winners. Now, let’s all have a fantastic 2024 together. Godspeed! Team TradingView 📈🌲
NSE:NIFTY
by TradingView
16
AUDUSD bears can ignore post-RBA rebound from 11-week lowAUDUSD prints the first daily gain in three while bouncing off the lowest level since mid-November after the Reserve Bank of Australia (RBA) kept the benchmark rates unchanged. The corrective bounce also justified the RSI (14) line’s rebound from the oversold territory. However, the bearish MACD signals and the previous week’s confirmation of the Head-and-Shoulders (H&S) bearish chart pattern keeps the Aussie pair sellers unless the quote jumps back beyond a convergence of the neckline and the 100-SMA, around 0.6525-30 by the press time. It’s worth noting, however, that the quote’s sustained trading beyond 0.6530 isn’t an open invitation to the Aussie pair buyers as multiple tops marked during late January and early February near 0.6620 and the 50-SMA hurdle of 0.6650 will act as the final defense of the sellers. Meanwhile, the AUDUSD pair’s fresh downside needs validation from the latest multi-day bottom surrounding 0.6470 and the mid-November swing low of around 0.6450. Following that, the odds of witnessing the Aussie pair’s quick fall toward the November 10 swing low of 0.6338 and then to the theoretical target of the H&S, namely the 0.6190 can’t be ruled out. That said, the previous yearly low marked in October around 0.6270 may act as an intermediate halt during the fall between 0.6338 and 0.6190. To sum up, the AUDUSD pair’s recovery remains off the table despite the pair’s latest gains.
by MTradingGlobal
1
#Nifty directions and levels for February 6th. #Nifty Good morning, friends! Here are the directions for February 6th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a neutral to a slightly gap-up start, as indicated by Giftnifty showing a +20. Nifty has had a reddish sentiment in the past two trading sessions. Even though it is reddish structurally, we can expect a rally continuation when it breaks the fib level 38%. This is because the previous wave count shows a proper 5-3 structure. If the market sustains the gap-up and breaks the fib level 38%, then we can expect further pullback continuation with minor consolidation. Alternatively, if the gap-up doesn't sustain or opens with a gap-down, then we can expect correction continuation. It might not be in ABC structure; it might go in a 5-wave structure.
NSE:NIFTY
by Manickamtraders
2
Bajel Products Limited - Cup and Handle Breakout - UnderstandingGreetings, Traders! Today, I present an illustrative example of the Cup and Handle Pattern Breakout in Bajel Products Limited, focusing on key considerations for a comprehensive analysis. Stage - 1 Firstly, Time Frame: Always conduct your chart analysis on a higher time frame. In this instance, we are utilizing the Daily Time Frame for a more strategic perspective. Secondly, Price Rise: A surge in price must be accompanied by a proportional increase in volumes. This correlation is crucial, and I have highlighted these instances on the chart for clarity. The breakout candle shows a good strength with rise in price. Thirdly, Volumes: Carefully monitor how volumes respond to the rising price. A simultaneous uptrend in both price and volumes signals a robust bullish trend. The subsequent drop in volumes or contraction during the Cup formation suggests traders are holding onto their gains. Conversely, a decline in price without a corresponding volume increase indicates a weak bearish trend. Thus, meeting a criteria of breakout. Stage 2 - Handle Formation: During the creation of the Handle, anticipate a similar pattern of rise and drop in volumes. This stage is pivotal in preparing for the eventual breakout. Stage - 3 Pattern Completion: Once the Cup and Handle pattern is finalized, expect a substantial increase in volumes and price. Recognition by other traders amplifies momentum, particularly after a breakout from the resistance zone. Stage - 4 Target: For setting targets, a common approach is measuring from the apex of the cup to the base. I have marked this on the chart for a practical understanding. I hope this breakdown enhances your understanding of the Cup and Handle pattern. Feel free to share your thoughts and comments; your feedback is greatly appreciated! Happy Trading!
NSE:BAJELEducation
by KINGSFALCONTRADERS
9
AARVEEDEN: HORIZONTAL RESISTANCE BREAKOUT NSE:AARVEEDEN Aarvee Denims & Exports Ltd. engages in the manufacture and sale of denim and non-denim Fabrics. It operates through Textile and Windmill segments. The company was founded on March 28, 1988, and is headquartered in Ahmedabad, India. Technical View Trading in a tight trading range on the weekly chart. and Also above - 200 ema Formed a horizontal resistance point at 33.50 Go long above resistance with a Stop of 15 Targets Shall be 40-62-78+ Keep Learning, Happy Trading.
NSE:AARVEEDENLong
by SANJAYPATIDAR_
5
Community challenge: Share Your Best Trading Idea!Hey there, fellow investors and trading enthusiasts! We're starting the year with an exciting opportunity to reward the wisdom and experience that each of you brings to the table. With markets reaching new highs, and the economy continuing its unpredictable nature, it's a perfect time to talk about the markets. After all, it's this volatility that makes the markets interesting, right? Whether you're a seasoned veteran or a newbie eager to learn, your perspectives are incredibly valuable, and now you can even win an exclusive reward for sharing them! What's your prediction for a breakthrough trade this year? Comment below and share your thoughts. One lucky participant with the most insightful comment will win 1 month of TradingView Premium. 🎁 Remember, if a comment resonates with you or sparks an idea, feel free to like or reply to it. We can't wait to read your comments! 🔥
NSE:NIFTYEducation
by TradingView
23
Falling Knife Stock-A case study approach!Introduction:- We have seen an amazing bull run in global markets including our Indian markets in the past 3 years. Many investors have been able to gain multibagger returns from this bull run. However, we all must understand that like every coin has 2 sides, every bull run has few stocks which are either under performing(like our beloved HDFC Bank) or are part of falling knife category. A falling knife is a term used when a security, such as a stock, quickly drops in price. During such instances, investors are recommended to wait for the security to reach its lowest point before buying back in. (Source: CFI) The reason for falling knife could be change of fundamentals, weak results, future degrowth prediction or anything beyond our understanding. And it is important to identify such stocks . Investors try to enter such stocks thinking they have caught the bottom just to keep funds locked in the stock for longer times. Hence,it is beneficial to stay away from them until a reversal pattern is seen with good volumes in weekly time frame. Case study:- Let's discuss one such stock from the footwear category, Campus Activewear. Company is one of India’s largest sports and athleisure footwear brands in terms of value and volume. Good return ratios(ROE,ROCE) above 20%, high sales growth of 32% in last 3 years,slightly expensive valuation but hardly anything so wrong in fundamentals from my understanding. Being a techno fundamental investor, I look at lot of things from fundamental as well as technical perspective before entering. So, from a technical view, just have a look at stock's chart. In late 2022, stock was around 620 levels and now stock is trading near 270 levels which is more than 50% of wealth destroyed. A proper example of Falling Knife whose bottom is still not made. There must be some unlucky investor who is holding the stock from the tops expecting a reversal but what he has missed is the amazing bull run of Nifty from 18800 to 22000 in this last 10 months. And that is a huge miss. Learnings:- #1:-If you are an investor with have limited capital, it is better to have a Stoploss even for your investment stocks in a bull run. Remember, Even Warren Buffet owned Berkshire Hathway booked loss in Paytm #2:-If you are an investor with good amount of free capital, just forget! Don't have FOMO. Cash equity securities are beautiful and unpredictable. We might see this stock above 1000rs levels or below 100rs in the next 5 years. Remember, even The best of best investors owned few stocks which failed miserably. #3:- For an investor trying now to hunt a bottoming/reversal opportunity,do wait for stock to sustain a weekly closing above 320 which is a strong resistance. Remember, not even promoters can catch exact tops and bottoms, so you also should not try to! Conclusion: I would say that if you trust your analysis and company's fundamentals, you should not listen to outside crowd. However, A falling knife can act as a dagger in your portfolio . A smart investor is one understands what company's business is as well as what the stock's chart is trying to say.
NSE:CAMPUS
by chartistamey
19
ZEE Ent's Rise: Listening to Dalal Street's Market WhispersDisclaimer: 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? Fundamentals: Institutional Trust: A significant holding by Domestic Institutional Investors (DIIs) compared to Foreign Institutional Investors (FIIs) indicates strong domestic confidence. This is backed by interest from major fund houses like ICICI Prudential, Nippon India, and HDFC Mutual. Potential: The DII trust and backing from prominent fund houses suggest potential for positive surprises in the stock market. In a market where news plays hide and seek, the strong interest from these institutions could be seen as the market whispering its confidence in ZEE's potential. It's as if "Wavetalks - Market whispers, can you hear them?" becomes a reality. Technical Analysis: Historical Performance: Since January 2018, the stock fell from highs of 619 to lows of 114 in March 2020, a drop of about 81.5%. This was during the early phase of COVID-19, indicating that market prices often anticipate events & discount them. After all, Price is God. Recovery and Fluctuations: Post-March 2020, the stock recovered to 378 by December 2022 but again fell to 165-170 in June 2023. The last six months of 2023 saw another rally to around 299/300. Current Trend and Outlook: The stock crossing the 300 mark is a key trigger, potentially leading to retesting of the December 2022 highs (378) and possibly extending towards 400-425. Sony Group Corp. Board Meeting: The upcoming decision on the $10-billion merger with Punit Goenka-led media conglomerate is a critical factor. Positive news could further boost the stock. Wave Analysis: Probability: There's a 75% chance, according to wave analysis, that the stock will make new highs above 300 in the coming months. Key Levels: Traders should watch for psychological levels like 250 and 300 for trading opportunities. Conclusion: Wait and Watch: The outcome of the Sony Corp board meeting is crucial. It's important to monitor the stock closely for any upward movements. Trading Strategy: Considering the stock's volatility and potential, traders should be alert to key price levels and news updates for timely decisions. From WaveTalks Market whispers!
NSE:ZEELLong
by WaveTalks
22
Rahul's Road to Recovery: Battling Overtrading"Rahul's Redemption: Overcoming the Pitfalls of Overtrading" Once upon a time, in the bustling city of Mumbai, there lived a man named Rahul. Passionate about trading, Rahul was determined to make a fortune in the stock market. However, as the saying goes, "Too much of a good thing can be bad," Rahul found himself entangled in the web of overtrading. Rahul's journey began with zeal and promise, but his desire for quick gains led him down a perilous path. He succumbed to the allure of constant market action, making trades impulsively and without a solid strategy. The euphoria of potential profits clouded his judgment, and soon, the losses began to accumulate. In the depths of despair, Rahul realized he needed help. He turned to a mentor, an experienced trader named Aman, who empathized with his predicament. Aman had walked a similar path in his early days and understood the challenges Rahul faced. The Turning Point: Aman became Rahul's guiding light. He emphasized the importance of discipline and the dangers of overtrading. Together, they analyzed Rahul's past mistakes, identifying the triggers that led to impulsive decisions. Problem and Solution for Overtrading: - Problem: Overtrading occurs when a trader executes excessive transactions, often driven by emotions or the need to be constantly active in the market. - Solution: 1. Establish a Trading Plan: Define clear entry and exit points, risk tolerance, and profit targets before entering a trade. 2. Set Realistic Goals: Avoid the temptation of unrealistic profit expectations. Focus on consistent, sustainable growth. 3. Use Stop-Loss Orders: Implementing stop-loss orders helps limit potential losses and prevents emotional decision-making. 4. Regularly Review Trades: Analyze past trades to identify patterns and learn from mistakes. Keep a trading journal for self-reflection. With Aman's guidance, Rahul began to put these solutions into practice. He committed to sticking to his trading plan, embracing patience, and avoiding the impulsive urge to trade excessively. The Moral of the Story: Rahul's journey teaches us that setbacks are a part of the trading game, but learning from mistakes and seeking guidance can lead to redemption. The moral of the story is that discipline, a well-defined strategy, and mentorship are invaluable tools for overcoming the pitfalls of overtrading. As days turned into weeks and weeks into months, Rahul's efforts bore fruit. His trading approach became more disciplined, and he started to see consistent profits. The story of Rahul's redemption serves as an inspiration for every trader navigating the turbulent waters of the stock market. Remember, in the world of trading, it's not about the frequency of trades; it's about making the right trades at the right time.
BSE:SENSEXEducation
by iamrk7
3
PAKKA LTD: Daily BreakoutAnalysis for educational purposes only. I am not a registered analyst. A Higher High Higher Low structure on price action is considered as an uptrend. - In the daily chart, we see a breakout of previous Higher High. - Wait for Higher High retest and enter somewhere close to it. - Cannot expect a stock to test the exact same value. - Set SL as previous HL or in cases where there are other lows close by, choose the lowest one. - Calculate the possible loss assuming the stock hits SL - If you are OK with the calculated loss, enter. - Trail the SL at every new Higher Low. - Wait for breakdown of a Higher Low OR Target
NSE:PAKKALong
by srini_charts
3
LIC: Poised for a Breakout?Key Points: LIC is currently trading at ₹906, near its IPO price of ₹906. A breakout above ₹906 could signal a bullish move. A pullback to ₹728 could offer a good entry point for long positions. Technical Analysis: The stock is testing a key resistance level. A breakout would confirm a bullish trend reversal. Volume is increasing, indicating growing interest. The RSI is in the bullish zone, suggesting momentum is building. Strategy: Bullish: Buy LIC if it breaks above ₹906 with a stop-loss at ₹880. Target a move to ₹1050 and ₹1150 in the medium term. Neutral: Wait for a pullback to ₹728 to initiate a long position. Risk Management: Set a stop-loss to protect your capital. Monitor the stock's price action and adjust your strategy accordingly. Disclaimer: This idea is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
NSE:LICILong
by TRADING-NASA
3
Stock Selection Based on Relative StrengthHello, Here i will be talking about the process for picking up the stocks based upon the Relative Strength. As this is known to everyone but only few are getting benefitted by applying it in real trading. Most of the gains are made with the stocks having greater RSI. If RSI having > 75 those are the ones which create maximum wealth in Short time. Now, Question comes at what time frame it will apply and this depend upon the individual trading style. It works well on Daily, Weekly, and Monthly TF. The higher the timeframe the better the reward. This can be combined with the Price and Volume, It Can do wonder in your trading Journey. Screener for Stock Selection in Trading View:- - Go to Stock Screener Tab at bottom in the Tradingview. - Go to Filters - Symbol Type - Common Stock - Select New 52 Week High - Select Relative Strength Index (14) >=75 The above will filter out stocks on Daily Timeframe. You can add more filters according to your requirements and make your stock list more refine such as All Time High, New 6 Months high etc. and Make a list and look for opportunity. As i am a Price Sction trader i mix this with Price and Volume and ride the momentum. Few examples - Cupid, Glaxo You can try it and submit your feedback to me. Also, Tell me if you find something else which can be useful to the community. Together we can help eachother in Learing and excel in profession. Remember: I am a Price Action Trader and use Price and Volume together with different Timeframes, including RSI, and market conditions. To get best result always wait for confirmation. Focus on Risk Management and Position sizing. Treat trading like a business and it will pay you like a business…..!! Hope this post is helpful to community Thanks RastogiG
NSE:GLAXOEducation
by RastogiG
10
#nifty directions and levels for DEC 20th"Good morning, friends. Directions for December 20th: The global market sentiment is bullish, supported by the Dow Jones. and our local market sentiment shows a bullish trend. It might open with a gap-up start based on Giftnifty, which shows +80. Nifty has a strong bullish structure, and Banknifty has a range market structure; both indicate different conditions. Therefore, we don't know exactly which one is going to dominate. However, we can follow one thing: if the market has a solid candle structure or consolidation followed by a gap-up, then we can expect the rally to continue. On the other hand, if the pullback reaches the immediate resistance with minor consolidation (without strength), then the range will likely continue."
NSE:NIFTY
by Manickamtraders
11