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Zomato's Potential Trajectory: From 96 Breakout to 115+ Target**Trade Idea:** If the price manages to breach the levels of 95.5 and 96, the next target is likely to be at 100 Rs. This could potentially be achieved within a span of 5-6 days. Following this achievement, the 100 Rs. mark might act as a psychological resistance point. However, there's a possibility of the price briefly touching around 104 Rs. in approximately 1 week, before retracing to around 99 Rs. Beyond this phase, the target could potentially surge to 115 Rs. or more, over an estimated timeframe of 3 weeks. Note: Implement a well-defined stop-loss strategy to manage risk effectively. 1st Target--> 100 2nd Target -->104/105 3rd Target --> 115 Thanks Kambi
NSE:ZOMATOLong
by kambi123
3
SIGACHI a classic example of Wykcoff accumulationSIGACHI Industries is showing signs of Wykcoff Accumulation. I I have explained earlier in my post how Wyckoff accumulation works. Please refer it. I believe a trend reversal is taking place here. I have entered the scrip with stoploss placed @ 280. *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
NSE:SIGACHILong
by nishant_bhatt
HDFC Bank Daily chart analysis || Long term BuyHDFC and Reliance are charting distinct paths compared to the broader Indian market, exerting a direct influence on the Nifty and Sensex indices. The recent drop of almost 10% from their all-time highs, coupled with the breach of key support levels, raises significant concerns for these indices. The absence of immediate support levels suggests that the upcoming month could witness heightened volatility and increased difficulty for stocks in identifying robust support zones for a rebound. For those considering long-term investment, the present moment presents an opportune time to buy, as the downside risk is limited to less than 5%
NSE:HDFCBANKLong
by tradeGambler