Fibonacci
JB Pharma looks ready low risk high reward tradeentry in zones 1500-1480 stop 1430
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The stock and its levels discussed are solely the personal views of my research.
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INDUSIND BANKHello and welcome to this analysis
Bank appears to be in a lower time frame triangle suggesting the probability of a potential breakout.
Off late has been an underperformer compared to other large private banks in the recent run in the banking sector.
Extreme narrow range 1480-1540, broader range 1350-1775
Good opportunity to buy the dip and / or the breakout for probable decent upside in the medium to long term.
IRCTC : FAILED BREAKDOWN BUY NSE:IRCTC
On the Daily chart it is forming a bear flag and a new upleg has been started after failing the breakdown from the support trendline.
- The blue line shows the major downtrend line and now after its breakout, the price again came to test the breakout zone And reversing from there.
-Closed with good volume around highs
-Trading above 200 EMA
- The swing low formed at the blue line is a 0.618 retracement zone on Fibonacci.
Kindly study the chart and make an informed decision, always trade with stop loss to avoid unnecessary drawdowns.
Trading is a game of probability and you have to treat it like a business and all things apart money management is supreme.
Keep learning,
happy trading
Swing - 20% possible - SHRIRAM PROPERTIES LIMITEDSHRIRAM PROPERTIES LIMITED
03/12/2023
CMP - 113, wait for retest and enter in 110 to 113
Target - 117, 120, 132
SL - 98
I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.
Swing - 50% possible -Tv18 Broadcast LimitedTv18 Broadcast Limited
03/12/2023
CMP - 48
Target 51, 62, 77
SL - 37
I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.
Solana Swing Long Idea - Solana Trade Setup
- Solana is currently an out performer in the market
- Solana is in a strong bullish trend
- IMO solana can easily take out previous high and mitigate 80-90$ soon.
- If you are holding solana then you add more size once it closes above 65$
- If you are not holding Solana then kindly do not add or rush because of any FOMO.
- Wait for a 20-30% retracement before entering
Nifty 21K Nifty looks gearing up for next level of 21K sooner rather than later. Next week, Nifty should give close above 20220 which is an important resistance level. Once nifty surpass resistance level and close above this level next week, nifty is going to achieve 21K level very well before Diwali.
RPSG ventures- Wait for right entryFundamental Analysis
Company overview: RPSG Ventures is a private equity firm that invests in growth-oriented businesses in India and Southeast Asia. The firm has a portfolio of over 60 companies, including Flipkart, Byju's, and Oyo Rooms
Financial performance: RPSG Ventures has been profitable in recent years, with net income of INR 1.2 billion in fiscal year 2022-23. The company's revenue has grown at a compound annual growth rate (CAGR) of 25% over the past five years.
Valuation: RPSGVENT is currently trading at a price-to-book ratio (P/B) of 0.43. This is below the average P/B ratio of 1.0 for the Indian equity market.
Risks: The risks to RPSGVENT include the volatility of the Indian stock market, the concentration of the company's portfolio in a few large companies, and the political and regulatory risks in India.
Technical Analysis
Price trend: The price of RPSGVENT has been on an upward trend in recent months, rising from INR 365 per share in March 2023 to INR 605 per share as of September 2, 2023.
Moving averages: The 10-day and 20-day moving averages are both sloping upwards, which is a bullish signal.
Relative strength index (RSI): The RSI is currently at 72.1, which is in the overbought territory. This suggests that the stock may be due for a correction.
Conclusion: The fundamental analysis of RPSGVENT indicates that the company is a well-managed business with a strong financial performance. However, the technical analysis suggests that the stock may be overbought and due for a correction. Investors should carefully consider the risks before investing in RPSGVENT.
Stock is in a Monthly upward channel
Add above 660-day close basis
tgt 1 750
tgt 2 840
tgt 3 980
Stop loss 580-day close basis
DISCLAIMER:
THIS GROUP IS FOR DISCUSSION AND LEARNING PURPOSE. I AM NOT SEBI REGISTERED ANALYST.
ALL MY POSTS ARE FOR Educational PURPOSES ONLY, I WON'T BE RESPONSIBLE FOR ANY OF YOUR LOSS.
KINDLY CONSULT YOUR FINANCIAL ADVISOR BEFORE TAKING POSITIONS.
For Swing Trade $NSE:NAHARSPINGDear Followers,
I hope this message finds you well. I wanted to share my swing trade view on NSE:NAHARSPING with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy.
Stock: NSE:NAHARSPING
Holding Time Frame: 90 Days
Entry Point: 280-285
Stop Loss Point : 245
Target Point: 340,360,380
I've created a chart on TradingView that illustrates my analysis. You can view it by clicking on the following link:
in.tradingview.com
Please keep in mind that markets are inherently unpredictable, and there are no guarantees in trading. This view is based on my analysis as of Dated 08-Sep-2023, and conditions may change. It's important to do your own research and consider your risk tolerance before making any trading decisions.
Feel free to reach out if you have any questions or if you'd like to discuss this swing trade view further. Your feedback and insights are always appreciated.
Mention Information is only for Educational Purpose.
Best regards,
Ajay Metha