Chambal Fertiliser Weekly ChartChambal Fertiliser Weekly Chart Breakout Possiblility
Chambal Fertiliser Breakout will be possible if this Stock Closing above @291.50 on weekly chart and sustain.
:: Data Point ::
Breakout Level: @291.50
Target 1: @312.00 (Fibo 23.6% Level)
Target 2: @350.00 (Fibo 38.2% Level)
Target 3: @382.00 (Fibo 50.0% Level)
Stoploss: @260.00
It can be decline if Stoploss Hit, then it would come down towards Support Zone approx @207.00
Note: -Price traded above 200 EMA.
-Good Volume showing in Weekly and Daily timeframe.
-Decending Triangle Pattern happend.
Fibonacci
AEGISCHEM :: LONG Probability and Key Levels/**
Caution::
This is just my probability view based on my very limited knowledge...
Know your risks if you are taking a trade and allocate <5% of Equity capital.
Always Consult a financial adviser before making any buying / selling decision.
Re-read and follow "Risk Management" / "Trade management" practices.
**/
why??
AEGISCHEM is seeing some buying near the Trendline and Fib 61.8 levels.
It is also trading at a very good valuations 13.3 EV/EBITDA.
Share price gets good support near 305-310 levels, So my initial Stop is at 304.
How??
This will be my entry / exit plan::
-- Initial 2.5% of my capital below 334, S/L - 304
-- Add 1.5% capital when price is above 368, new S/L - 323
-- Add 1% more capital above 390, trail S/L with super trend or other indicators
-- Exit when price is near the Yellow dotted line or when previous Higher Low is broken.
JSW Steel breakout and retest is done. JSW steel has given a break out of the inverted head and shoulder and has also retest the neck line on the weekly charts.
The stock has formed a resistance around 830-835 levels and once these levels are cleared it can given good targets.
Positional and swing trades should be created only when the resistance zone is cleared on the weekly charts.
Levels and targets are marked on the chart.
Stock can also be purchase in cash for a longterm bet as the market are bullish and the stock can travel with the waves.
Levels to watch
Break out level :- 835
Support to accumulate stock :- 775-780
Watch for the weekly close as tomorrow it friday. The stock has given a fall for last three days and if it starts to run there will be a good opportunity as it is standing at 50 % fibonacci levels.
Banknifty weekly analysis for 18/09/23.After a nice upside momentum banknifty is now in a sideways trend and during the last trading session it has consolidated hitting 46300 levels.
It is trading around the ATH and on the weekly charts there is a nice V-shape recovery for the markets.
On the daily charts, there is a formation of a doji and has closed 230 points higher.
Nifty has already crossed the ATH and is trading around the new high. Its time for banknifty to give a break out or take a halt and then give a break out. A good trading opportunity will be there if the markets consolidated and then give a break out as the market has already given a nice upside move.
There is also a bearish RSI divergence on the daily charts which will not give much of a confidence in the bullish trade.
On the hourly time frame, it has sustain above the moving averages and is still trading above it. If the market give a break down and close below the 20 ema there will be a chance of a momentum and hit a small target on the bearish side in a bullish market.
Support :- 46080, 45860,45600
Resistance :- 46300, 46500(round number figure), 46830 (fib level)
Banknifty is having good support on the lower side and it can reverse taking support from the support zone.
Wait for the price action near the levels before entering the market.
Dalmia sugar is at a sweet spot to buy!Dalmia sugar is looking good to be a part of bull run of sugar stocks.
Levels are mentioned on chart. Stock is near 23.6% of Fibonacci retracement level. If level is broken, we can see stock moving to ATH as well.
However, Commodity stocks have an added risk of being news driven so trade with strict SL.
Idea shared strictly for educational purposes
Can JUBLINGREA Will Test 520 Level ? Dear Followers
I hope this message finds you well. I wanted to share my swing trade view on NSE:JUBLINGREA with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy.
Stock: NSE:JUBLINGREA
Holding Time Frame: 90 Days
Entry Point: 440-445
Stop Loss Point : 400
Target Point: 485,520,540
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 Date 21-Aug-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.
Best regards,
Ajay Metha
Swing Opportunity In $NSE:BBTCDear Followers,
I hope this message finds you well. I wanted to share my swing trade view on NSE:BBTC with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy.
Stock: NSE:BBTC
Holding Time Frame: 90 Days
Entry Point: 975-985
Stop Loss Point : 940
Target Point: 1080,1120,1160
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 31-Aug-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.
Best regards,
Ajay Metha
Does $NSE:AARTIIND will test 520 ?Dear Followers
I Hope this message finds you well. I wanted to provide you with an update on the stock NSE:AARTIIND i Have been following. The stock has recently taken support at a key level of 445-450 , indicating a potential opportunity for a short-term trade. my analysis suggests that there might be a favorable entry point for a short- Term position.
Stock Name- NSE:AARTIIND
Support Level- 445
Entry Point- 460-465
Stop Loss Point- 420
Target Point- 520,560
Time Frame - 90-120 Days
I closely monitoring the stock's movement and will continue to provide you with timely updates as the situation evolves. If you have any questions or would like more detailed insights, please don't hesitate to reach out.
I remain committed to helping you make informed decisions.
Best regards,
Ajay Metha
Daily close Stop loss 31633 with a target of 38402BULLS !! Are we ready to climb the wall of worries. Daily close Stop loss 31633 with a target of 38402.
Nifty daily analysis for 12/09/23.A new ALL TIME HIGH for Nifty today.
The market were looking bullish from the very first minute and finally crossed the 20k level in the last hour of the trading session.
Nifty has travelled to 20 k levels from 19300 levels and now it can take a halt before crossing the level. It has formed a marubozu candle and has closed near the round figure level.
On the hourly charts, the market is trading above the moving averages and has closed near the day high.
While the nifty is at its ATH there is no resistance and the levels for the resistance are taken by the fibonacci levels.
Support :- 19930, 19865
Resistance :- 19200, 19310
Wait for the price action near the levels before entering the market.
Ethereum Important Levels and Trade ZoneChart - Heikin Ashi
Timeframe - 4H
Resistance Zone - 1635 to 1647
20 ema - 1634.25
50 ema - 1643.36
100 ema - 1664.89
200 ema - 1710.45
Fib Retracement :- 38.20% level 1732.88
50% level 1789.44
Note :- The breakout of 1647 level will also give us the breakout of 20 ema and 50 ema.
Trade Setup :-
1. Enter on the breakout of 1647 level
2. 1st Target is 1732.88 (Fib retracement level of 38.20%)
Exit half the quantity on the first target and leave the other half for the second target with a
trailing stoploss of 1710.
3. 2nd Target is 1789.44 (Fib retracement level of 50%)
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This material is for educational purposes only.
Thanks
Sardar Simranjit Singh Virdi
Banknifty weekly analysis for 11/09/23.Banknifty has moved higher by 720 points this week, closing above the round number figure of 45k.
Market remained bullish this week owing to the ongoing G-20 summit. On friday, banknifty closed at 45156 gaining 278 points.
It has taken a good support from the weekly 20 ema and consolidated around in for 3 weeks and has given a break out.
On daily charts, banknifty was struggling to cross the 20 ema but has crossed and sustained above it.
The market has formed a nice bullish pattern of higher highs higher lows and is giving a good consolidation and a breakout.
On 15 minute time frame, it took support from the 20 ema and has closed above both the moving averages. It also showed a fake of 45200 levels.
Support :- 45080, 44860
Resistance :- 45220, 45370, 45500
Market looks bullish but still banknifty is taking resistance from 61.8% (around 45350) fibonacci levels of the major trend.
Wait for the price action near the levels before entering the market.