#5PAISA WEEKLY CHART VIEW#5PAISA WEEKLY CHART VIEW
5Paisa Capital Ltd. has formed a hammer pattern at strong weekly support and likely to stay positive in the near term till the stock holds 285 level on the closing basis. The risk:reward seems quite favourable.
It is likely to see bounce if the above support remains intact.
Keep a close watch.
Longterm
#IRCTC DAILY CHART VIEW!!#IRCTC DAILY CHART VIEW!!
Indian Railway Catering & Tourism Corpn. Ltd. is trading in a narrow range.
Technical indicators are bearish.
If price trades below narrow range 1336. Nearby support is 1230.
And if price trades above narrow range 1457, near by resistance is 1525 on daily chart.
RELIANCE INDUSTRIES - LONG 23-12-2020 ADDED NEW POSITIONAL INVESTMENT OPPORTUNITY
New Price Reversal Trade Idea
Reliance Industries
LTP ~ INR 1940/-
Profit Target Goal ~ 2350/-
Stop Loss ~ INR 1825/- Closing Below
ROI ~ 21% Long Term Holding
RRR ~ 3.57:1.00
Note:- High Financial Strength, Expensive Valuation With Technically Neutral
The stock from a technical standpoint is trading below to its 50DMA and around 7% up from its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move.
CAMS breakout for long (Best Cup and handle) 1550/1600/1700+NSE:CAMS One of the best pattern.. Can look for mid/long term investment.. Don't enter if it gaps up too much.. Wait for the levels... Safe players can enter the trade on retracement with strict SL.....
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks..
MINDACORP is looking very good for pyramidding mid/long term NSE:MINDACORP Safe players can enter the trade on retracement with strict SL.....
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3. Learn before executing the trade..
4. Always wait for candle close..
5. To learn more about patterns and trading... contact us.. Thanks..
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TV18 BroadcastI'm bullish on this stock for long term. Consider it, do your own analysis, keep the stock on radar.
IDFC First Bank very very interesting! Okay, this is for long term investors. If you are not a long term investor, the idea might not interest you but please continue to read and let me know what you think. :)
So, let's talk trend-lines first.
On Monthly charts, the stock is showing an up trend formed by higher highs and higher lows, well barring one red candle.
Also, there is another trend-line where the stock took support before. I have marked each of those attempts that acted like support.
If we were to go by the bookish definition of support and resistance, "a support line becomes a resistance".
Now, what is that actual idea?
Honestly, i feel fundamentally the bank has turned a corner. It has made an attempt to increase the retail customers over corps/institutions. While I would encourage you to read how that's good for a bank, I would just say in short - "lower the numbers to insti/corps, lower are chances of NPAs increasing". It is posting good results and has shown signs of being on the way up. I am going to mention a few levels below which are crucial. But if this crucial level is broken, this is a stock to GO LONG!
What levels are crucial?
I would say 35.75-36 are very crucial levels for the stock. If it gives a close on Monthly Charts above this level, then this could be a multi bagger at these levels.
NSE:IDFCFIRSTB
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Happy Diwali to you all.
UPL to fill the sentimental gapUPL will fill this gap that was caused by a sentimental reaction to a news that broke out which should ideally not create any pressure because both the parties involved (UPL and KPMG) have come out and cleared the air about the news reported.
NOT INTRADAY trade.
But at current levels.
Target at 515.
Stop loss at 456.
Duration: 1 month.
To reiterate, it's a fantastic company fundamentally.
Long ONGC Positional tradeHi Traders,
ONGC can be entered between 67.45 and 68.50. The stop loss is bare minimum, and the profit range is pretty high. We can see the targets being achieved in a month or two. It is a positional trade. The long term strategy traders can go further beyond the targets.
Buy on dips at following entry prices:
Entry: 68.50, 68, 67.50
SL: 66
Target: 82.15
Profit around: 21%
Maximum span: 2 months.