Dabur ready for a uptrend!🤩💸🔥Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company recently posted the best Quarterly result and will very likely post a similar result in Q3 too.
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The stock has a history of taking support precisely from the 200 EMA. This time too, it is trading near 200 EMA which is also a major support zone. Now, with the breakout of the retracement trendline and the W Reversal pattern, the retracement seems to come to an end & we can expect a strong rally from this level.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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LIKE, COMMENT & SHARE 😄😄😄
FMCG
W pattern at bottom is a bullish signI am waiting for this script last two months & this week it made a "'W'' BULLISH pattern at the bottom .
Importance of W pattern-
if W pattern form at top of any script then the probability of going bullish is far less.
if W pattern form at bottom of a downtrend then it is going to be crazy upside movement .
listen guys this pattern really works well so start find out W pattern in any downtrend script & just Go Go Go
W pattern has a very good winning probability as well as win size (it depends on holding & how we react at little pullback)
here in this chart we notice a tight range consolidation not a trendy down fall so good up movement is expected
always intact with a good and logical stop loss.
😊😊 thanks
Godrej Consumer Analysislogo ko chaiye hota h Ki Stock Breakout de or sustain krre then apke liye laya hu me godrej consumer
Stock ne do teen din pehle downtrend se uptrend me convert liya he or upar ki trf consolidate kr rha he..
15-20 din ka acha trade ban skta he..
1st target 3.5%
2nd target 8%
3rd target 12%
or stop Loss 2.5%
NSE:GODREJCP
Britannia swing Trade with analysisBritannia Industries Limited is a food company, which is engaged in the manufacture of biscuits, cakes and rusks. The Company operates through the Foods segment, which comprises bakery and dairy products.
Swing Trade Information
Safe SL - 3%
Aggressive SL - 1.5%
Target 1 - 6%
Target 2 - 10%
Target 3 - 15%
NSE:BRITANNIA
Swing Trading Opportunities for the week beginning 6-12-21SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 6-12-21
INTENT
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan.
Some readers feel that I am simply listing down several scrips so that if they go up I can claim so. This is not the case - I am not here to score any points. I am sharing my weekly analysis and if you like it, read it and if you do not agree, I am fine with that.
ON MY WATCHLIST FOR THE COMING WEEK
This week, I have changed the format to some extent and I request you to let me know if you like this approach to finding Swing Trading Opportunities or the one that I was following till last weekend.
CAUTION - On account of the Omnicron scare, the markets would remain volatile so please be very careful while finding and initiating the trades. Risk management is the key to survive in such markets.
This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. And from this week, I have also filtered the sectors based on Monthly candles. Here are the likely candidates for the week -
SECTORS LOOKING GOOD FOR LONG / SHORT POSITIONS-
In case the sectors break the current RSI and Support levels, these could become good candidates for taking short positions. Please keep your mind open accordingly. If you are not using the Futures & Options instruments, please focus only on the Long or Buy trades only. We should only focus on what works for us and not follow anyone blindly.
Considering the Monthly Charts, the following sectors look good:
Auto
Bank Nifty
CPSE
Financial Services
FMCG
Media
PSE
Considering the Weekly Charts, the following sectors look good:
Auto
CPSE
Infra
IT
Media
PSU Banks
Realty
Services
If you look at the sectoral indices on the daily charts, all of them look beaten down and you would not like to trade them. This is precisely the message for a short term trader - these could be good short sell candidates, but not for Swing or Positional candidates.
WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 17006
Adani Ports
BPCL
Coal India
Infosys
Nestle
TCS
UPL
Bosch
HPL
Alembic Pharma
Bayer Crop
Idea
Nazara
Sun TV
The market is at an indecisive phase and the FIIs keep selling despite good global cues as well. Keeping this in mind, I have reduced my coverage of Swing Trading Opportunities to mainly Nifty 50 and Bank Nifty stocks and have included some of my holdings that are available at a good risk reward ratio. During the week, I already have many scrips in small quantities as these have been beaten down from their ATHs or Swing High.
I may / may not take these trades as not every opportunity should / can be traded.
I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so.
In case you are able to spot the setup and the trade basis, please do share so that together we can learn.
Here is the Video Link:
Thank you for your time and Happy Learning,
4-12--21
Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
Britannia - Get ReadyBritannia is coming close to its long-time support trendline. If a reversal is shown any day, it may go in an uptrend. One may wait to enter at a lower price around 3450-3400 if falls further. Early targets are indicated on the chart.
Only for learning and sharing purposes . Not a trading recommendation.
Please comment on what do you think about the setup.
All the best.
HINDUSTAN UNILEVERSometimes it's better not to waste time predicting the market. Rather we must focus on the industry. FMCG is among one of the most evergreen industry that historically we have ever seen. The industrialist in this field had always constantly tried to expand geographically and financially.
The chart of CNX FMCG indicates a bullishness soon or sooner.
And the chart of HINDUSTAN UNILEVER looks the most simple and clear. Hopefully it will perform good by the next 2 months.
Chart & Analysis - Adarsh Dey
Ready To Blast...MultiYear Breakout..I think it has done its retest with market trend and saw sharpe sell off in 2-3 days ......
i think it will give breakout to its multiyear resistence ...@265-67..
Next near hurdle is @ 245-247...
Looking Good Risk:Reward at this time ...one can go long with small SL...
Will It cross its Multiyear resistnace ?...Let me know in comment box ...Whats ur view..
BUY for positional/long termSector FMCG
Parag milk operates milk, processed cheese, low price high selling cooking butter.
It is the 2nd Largest Player in Cheese in India with a 35% Market Share.
It is a leader in the Cow Ghee category with its brand ‘Gowardhan’ Ghee.
All the details are mentioned in the charts.
Any quires/clarifications required
Kindly revert back.
RSI :- Above 60 is promising
Volume indicator :- Slowly accumulating for big blast.
Note :- The analysis is made for study purpose only. Nowhere author is suggesting to buy/sell.
Before taking any position it is advised to consult your financial advisor.
retesting the breakout level - Safe strategy Hindustan Unilever is currently on a Very Important level . It is retesting both all time high breakout level as well as the trendline . And volume also seems to pickup . I wanted to enter earlier too when breakout happened but that was way too parabolic and risk reward wasnt good so i didnt . i dont fix any target i just like to ride the scrip as long as so a less risk trade is always my first choice .
Nowadays overall market is at very high level without any time or price correction so its hard to find less risk trades . so dont miss this trade . stoploss is way too small .
Now how to enter
For Risk taking traders - can enter at this level with a day closing basis stoploss 2550 and target is open . Trail the sl to cost if it reaches all time high and then ride the scrip with any system you follow .
For Safe Traders - Wait for confirmation with a bullish candle and better if a long wick on lower side with good volume ( dont enter if its too big ) . and then u can put the stoploss on day closing basis below 2600 if u enter with confirmation .
Please like the post if you like the analysis .
Follow me for more low risk swing trades . Will try to post in market hour next time .
Happy trading .