#HATSUN BUYHATSUN made a strong Higher high in weekly timeframe, now came down to a Proper retracement point for next #Bullish Rally.
Buy at Bottom with Proper SL. Follow #Money #RiskManagement.
#Swingtrading #Shortterm
Longterm
PIDILITE looks good for long term investment.Pidilite, a consistently expanding stock, underwent a corrective phase over the past two years. However, there are compelling signs suggesting that this correction is now reaching its conclusion. The current market conditions present an opportune moment to consider acquiring Pidilite, as it appears to be poised for potential growth following the recent correction.
QUESS CORP LTD: Good for Long term 1 to 2 years CMP: 500.05This stock is currently trading almost 48% less than it previous high of 963.40 it reached on 17th Sep 2021. From this level it a low of 337.55 on 28th March 2023.
The Stock found strong support at these levels which happens to be the Monthly Institutional Buy zone. On 29th March 2023over 10.39 million shares were traded compared to a 30day average volume of around 556k shares. Clearly indicating value buying.
The stock has since moved in a Cup & Handle pattern and also broke out of the falling trendline and further consolidating in the 400/- to 450/- levels.
It broke out of the resistance level of 458 - 460/- range touching a high of 527.30 on 23rd Nov 2023 which was also its first Target price.
All major Indicators including MACD, RSI, Momentum and Choppiness indes in the Monthly chart are showing positive signals.
Conclusion: The ideal Entry Point will be in the 437 to 450/- range however one can start buying 460/- levels with a long term ( 1.5 to 2 Years) target of 835/-
Quess Corp- C & H breakout. Flag pattern breakout.Both Cup and Handle and Flag pattern breakout done for the targets mentioned in the chart. The green line is the final target which is a long term target.
Note: This is for educational purpose only.
#MORARJEE textiles weekly analysis long termGreetings Folks,
today I have prepared a setup of MORARJEE on NSE
the analysis is as follows-
- the price has been trading in a descending triangle pattern
- the price has been struggling to breakout but it has turned sideways near the trendline
- now there is a minor static resistance just above the wicks, either enter when this static resistance breaks or if you are a traditional investor who does not times the market, then you may buy now or some retracement later
don't play with fire, always use a predefined stoploss
#HDFC monthly chart deep analysis and assumptions(for reference)Greetings Folks,
today I have prepared a setup of HDFC on NSE
the analysis is as follows-
- this is a monthly timeframe chart so do not use this to trade, use for confirmation bias
- the price failed to break out of a series of monthly equal highs
- the breakout didn't lasted and then the stock began its down trend
- the down trend went on for 4 months , and now the price seems to have found a stable support i.e the 50% of fib retracement
- the price is likely to consolidate a bit to add liquidity and momentum
- i will say it again, do not use this chart to set your entry and exit points
don't play with fire, always use a predefined stoploss
#NYKAA Weekly level Huge breakoutGreetings Folks,
today I have prepared a setup of NYKAA on NSE
the analysis is as follows-
- the price was in a constant downtrend from the start
- it formed consecutive 4 equal highs in span of 260 days
- price today broke out of this static resistance, can hope for a reversal
- price was making minor higher lows
- the elliot correction wave ABC also adds to our confirmation in bias
don't play with fire, always use a predefined stoploss
IRCTC looks good for investingThe long-term prospects for IRCTC appear promising, supported by its historical bullish trajectory. Following a substantial correction, the stock has retraced to a key demand zone, signaling a potential trend reversal. The price action suggests that the corrective phase may be concluding, laying the groundwork for a renewed upward movement. Investors are keenly observing these developments, considering the favorable positioning within the demand zone as an opportune moment to capitalize on potential future gains.
#OAL DIWALI LONGTERM PICKGreetings Folks,
today on the auspicious occasion of Diwali I have prepared a setup of OAL on NSE
the analysis is as follows-
-The stock has been on a constant downtrend ever since
- in my opinion, now price is looking to start its uptrend
- wait for breakout of trendline for safer entry or enter at the support zone
- please note that this is a very long term trade setup
don't play with fire, always use a predefined stoploss
SAREGAMA looks good for investment for medium to long termThe recent price action of this asset has signaled a significant shift in market sentiment. After a prolonged downtrend, it exhibited a notable uptick in buying interest, successfully breaching the previous lower high of the downtrend. This breakout strongly suggests the initiation of a potential trend reversal.
In addition to the promising technical indicators, the company's fundamentals also appear robust. It has demonstrated impressive growth in annual net profits, and the current-year profits have already surpassed the previous year's figures, showcasing a noteworthy performance that underscores its strong financial health and growth prospects.
BAJFINANCE looks good for investmentBajaj Finance recently experienced a significant development in its price action. After a period of descending trends that followed a notable uptrend, the stock broke through a key resistance line. This break of the resistance marked a pivotal moment in its trajectory.
Following the successful breach of this resistance line, the stock price retraced and found solid support along this previously formidable resistance line. This pullback and subsequent establishment of support signify a noteworthy shift in the stock's outlook.
As a result of these recent developments, Bajaj Finance now appears to be in a highly favorable position, with a distinct bullish momentum in its price movement.
#IDEA LONGTERM LONG TRADE SETUPGreetings Folks,
today i have prepared a setup of IDEA on NSE
the analysis is as follows-
- The price structure is very optimal for swing trade right now
- price is trying break the static resistance which has been tested before
- if it breaks it with good strength, we can look for buys at minor retracements at lower time frame
don't play with fire, always use a predefined stoploss
Practical working of the script publishedThe Algo which i have published buys when the low of the currenct candle is less than the low of the previous one.
So on days like today, when the markets were falling like nine pins and there was no where to hide, this algo keeps getting triggerred and long term investors get to buy at lower levels steadily.
Low cost of buying of quality stocks and their subsequent compounding over the very long term are the only two things required for mega wealth creation - and that is what we try to achieve by this algo.
Kotak Mahindra Bank is ready to fly in blue sky?Hello Guy's,
Kotak Mahindra Bank chart looking very attractive, we can see Falling resistance trendline breakout and pull back pattern, and it has formed double bottom kind of pattern too, and today Kotak Bank has posted September quarter result also, Results are mind-blowing, I will write it down here,
Sales has come 13717Cr, which is increased by 37% YOY
EBIDT has come 3581Cr, which is increased by 427% YOY
Net profit has come 4461Cr, which is increased by 24% YOY
EPS has come ₹ 22.45, which is increased by 24% YOY
So all parameter are showing a huge positivity for this ticker. Chances are high we can see gap up opening on monday.
ABOUT COMPANY:-
Kotak Mahindra Bank is a diversified financial services group providing a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory services, Asset Management, Life Insurance and General Insurance.
Other parameters:-
Market Cap
₹ 3,51,707 Cr.
Current Price
₹ 1,770
High / Low
₹ 2,064 / 1,644
Stock P/E
20.5
Book Value
₹ 563
Dividend Yield
0.08 %
ROCE
6.86 %
ROE
14.2 %
Face Value
₹ 5.00
Debt
₹ 4,18,307 Cr.
EPS
₹ 86.4
PEG Ratio
1.06
Promoter holding
25.9 %
Intrinsic Value
₹ 944
Pledged percentage
0.00 %
EVEBITDA
17.6
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
CHAMBLFERT look good for investment.The stock has gracefully established an upward trend pattern, demonstrating an impressive breakout following a brief pullback. This configuration appears to be a promising prospect for a long-term investment.
INVERTED HEAD AND SHOULDER BREAKOUT (CIGNITEC)Stock gives breakout of inverted head and shoulder on weekly timeframe .
CMP : 751
Target 1 : 880
Target 2: 989
Stoploss : 629
This is not a buy or sell call, this analysis is shared for educational purpose.
ELGIEQUIP looks good for investmentThe stock has gracefully established an upward trend pattern, demonstrating an impressive breakout following a brief pullback. This configuration appears to be a promising prospect for a long-term investment.
Tata Steel at Confluence Support ZoneTata steel gave a breakout from a promising channel pattern that has been in formation since over 2 years. Now the stock is taking support right at 50 DMA (Long tail candle), at .5 & .618 Fib levels and also at previous resistance zone which will now act as a support. Entries can be made in the same after a strong candle closes above 127 with strong volume. Short term Stop loss should be a a good candle close below 122 and long term SL is 117. Targets can be 150++. Trade can be held for a long term perspective too as Metal sector has given a breakout recently and is in a Stage 2 structure.
CENTURYPLY presents a compelling investment opportunity.This company boasts robust Foreign Institutional Investor (FII), Domestic Institutional Investor (DII), and Promoter holdings, reflecting significant confidence in its potential. Furthermore, on a weekly timeframe, the stock has recently formed a prominent uptrend pattern. Notably, following a brief pullback from this upward trajectory, the stock has convincingly demonstrated a breakout, indicating a strong bullish sentiment.
Delhivery Ltd., ; min 15% ROI ; good opportunityFundamentally good stock,
For long term investment.
Reset chart for clear view.🔃
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Entry: 422
target: 473 - 490
sl: 405 - 400
major stoploss/ support: 389
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Enter only after breaking " Yellow box" mentioned.
Or else wait for some time.
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;good for long term investment.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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refer old ideas attached below
SCHAEFFLER INDIA looks very bullishThe market displayed a strong bullish trend until mid-September 2022, but subsequently underwent a significant downtrend. However, recent developments suggest that this downtrend has now reversed, giving way to an emerging uptrend. Furthermore, this uptrend has been accompanied by a notable breakout following a brief pullback, signaling a strong indication that the stock is poised for a bullish upswing.
TIGERLOGS looks good for swing tradeThe four circles represents the Low, High, Higher Low and Higher High of the uptrend. And after giving a pullback it has changed the trend from downtrend to uptrend in minor trend of the pullback. Invest at your own risk.
Big Bar Strategy for Long term type trades I daily make educational content ideas on swing / positional trading
