Reversal trade for educational purposes
Ideaforge has been in a downtrend since its listing. However, stock has formed a short term base.
780-840 is a good accumulation zone. Breakout above 840 might be a sign for reversal.
RSI positive divergence is clearlyseen in the stock
Targets can 960, 1000, 1050+ with SL below 780 DCB.
However, there is no guarantee...
Latent view was one of the highest rated stock during its IPO listing which had got 300x subscription. The overhyped IPO market of 2021 has trapped many investors in multiple stocks including Latent view.
However, we can see some positive bounce in the stock from the demand zone of 310-320 after a major consolidation near the same.
A short term trendline breakout...
This stock has made double bottom in Daily time frame and has reversed the trend.
The stock is trading with good volumes so liquidity wont be an issue.
the stock is new to market as this was listed recently through IPO window and has created a great returns through listing gains.
profit booking in the stocks by big players led the stock to decline. now it is...
Paytm has been consolidating in a range for the last four months. The sentiment is still bearish as the price continues to trend higher in a channel forming an interesting classical cup handle price pattern. A failed breakout failing is an excellent opportunity to enter.
Target 800 Stop 698 Enter 715
Welcome to the quick update of LIC INDIA share, one of the biggest IPO that was listed today morning.
Even after a lot of hype and huge market share, LIC IPO was not given much importance by the investors. The IPO was listed at a discount of around 9% at Rs 872. The retail investors got the gains as the IPO was provided at a discount to them. However,...
Tatva Chintan Pharma Chem Limited is a manufacturer of a diverse portfolio of structure Directing Agents, Phase Transfer Catalysts, electrolyte salts for batteries, and Pharmaceutical and Agrochemical Intermediates, and other Speciality chemicals.
WHY IT MIGHT GIVE A GOOD MOVE NOW:
Tatva's IPO's QIB was oversubscribed by 185.23 times. Meaning, institutions...
Krsnaa diagnostics price needs to sustain 862 to prevent further breakdown.
If price action shows us any signs of bottoming at this level, buy.
if the price somehow reaches the demand zone created by the ABCD patterns, then buy the stock.
The targets are mentioned on the chart with the help of the XABCD bat pattern.
The stop loss will be as per your risk...
Tatva Chintan Pharma- Recent IPO - CMP 2250- Mcap 4989 Cr
There is no Margin of Safety Currently in Valuations if i look it as a Long Term bet.
However- Currently China Factor is Keeping Speciality Chemical Companies Afloat and Bouyant. As long as sentiments are good, Valuations can go Crazy.
Speciality Chemicals can be a good Theme to Trade.
Stovekraft price has seen a sharp rise from 783 to 1018 level and consolidated in a zone until recently.
The price has broken out the range with high volumes and took a pullback and rose today.
If the price manages to stay above 1068, the pullback will be a success, you can go long.
The stoploss and target levels are mentioned on the chart.
1. It is following the General IPO pattern and also below trend reversal patterns giving extra support for going long.
2. Invert HS pattern
3. Morning star pattern formation
4. Good RR
Note: : This is only for educational purposes and do your analysis before investing.