Longterminvesting
Trade Idea #13, CANBANK | Long-term target - 350The reason for 350 Target:
1) The overall setup is bullish
2) The price is trading in a Channel Pattern Monthly TimeFrame , Zoom out to know why I have mentioned the target as 350
3) The bank is taking some reforms and will be one of the top-performing banks in India.
Educational Purposes!
Pidilite Taking a good support at 1660 level (pre corona high), attractive RSI, Volume of sellers getting absorbed, consolidating in triangle pattern. It is all set to show a big move. With strong fundamentals this stock is a must add to ur long term portfolio.
Indian Bank - Merger diving the rally.A short term view :
The stock is showing a turnaround in the higher timeframe setup. The reason is obviously the merger as the major momentum came after the budget.
For now the flag pattern is emerging and a breakout in the upper direction can give a good push and good returns.
A long term view :
No doubt Allahabad bank has the largest number of fixed assets compared to other banks in the country but the NPA's too, rising on average of 5% p.a. for the last 3 years.
Forget the the bank acquired, Indian Bank NPA's rose at 17% average for the same period.
NPA's (Gross) do not affect the stock prices as much as they are tend to be commercialized in the journals. Although, the relationship is significant but not very strong.
The story is a bit different with Net NPA or Provision.
With that said, the bank still shows signs of a high curvature from the last trajectory.
Breakout has confirmed with EXIDEINDA strong resistance zone has broken in EXIDEIND. Good for swing trade or a long-term investment.
price may test at the bottom level based on the trend line.
*only for educational purpose
Privi Speciality Chemical- Weekly Chart
- Breaking out from 4 Year long consolidation range
- Breakout- Retest
Carborundum Universal- Weekly Breakout of 3yr long consolidation
- Good Volumes near breakout zone
- Looks good for medium - long term investment, if sustains above breakout level on Weekly closing basis
Stylam India-Looks good for mid-to-long term investment
-Industry tailwinds
-Breakout has happened and trading near all time high in weak market conditions
Tata Power Long TermRevenue up in Mar 31, 2020 291,363.70 from Mar 31, 2019 298,810.60
Net Change in Cash 17,728.70 from Mar 31, 2019 -8,830
Total Assets 897,481.50
Total Liabilities 701,821.30
After corona effect power consumption at record high this year so hopeful this stock
Investing for 2 Year
in Pyramiding Style
Entry at 85 CPM on DCB
Stop Loss at 75 for Current Trade
after successfully enter in this trade will shift the Stop loss on Weekly Close Basis
This is for Educational Purpose only not for investing
#Invest on your own risk
Associated Alcohol - Long Term viewExplanation in Chart. A contract manufacturing company in the alcohol beverage industry.
Pullback in Gland Pharma, 2222 would be a PERFECT ENTRY.Accumulate Gland Pharma Above 2222,
Targets : 2450, 2640, 2910
💡180 - 365 DAYS HOLDING PICK💡 -💡 HAVELLS 💡BASED ON MONTHLY CHART REASONS
ROUNDING PATTERN AFTER A BIG RALLY
ADX & RSI GUD SUPPORT TOWARDS BULLISH TREND
COMING TO DAILY FRAME WE SEE
SMALL ASCENDING TRIANGLE FORMATION
LAST FEW DAYS HAS SHOWN FALL YET OSCILLATORS ATTACHED WITH MONTHLY FRAME - ARE ON DAILY FRAME TOO IN SUPPORT OF OVERALL BUYERS MOOD
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JOINING BOTH LONG TERM TIME FRAMES - THIS SCRIPT CAN BE PICKED AS AN INVESTMENT
disclaimer - join your own view before investing,
Nifty : Upmove is near completion. Downtrend to 10800 or further
Since March 24, 2020 Nifty had begun its D wave of a NEUTRAL TRIANGLE (a special type of NeoWave pattern). This D wave has formed a Bow-Tie Diametric pattern.
All calculations are marked in the chart.
As G wave of a diametric pattern tends to equal A wave, the possible culmination of this wave is very near at 13100 levels and E wave of the NEUTRAL TRIANGLE pattern will soon commence.
Second possibility of D wave completion is a Trendline resistance of 12800-12900 levels. In this case we may a fall in Nifty from 12 Nov 2020.
As E wave of this NEUTRAL TRIANGLE will traverse below 10800 before Jan 2021 .
Investors can invest to build a good equity portfolio during this fall.
Wish you all a very Happy Diwali and Happy Investing.
Accumulate Reliance at 2000 1800 and, 1600 if corrects further.Good Buy-on-Dips Opportunity at these levels..
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.
Leading Diagonal On Bharti Airtel can Lead to 1K+DISCLAIMER:There is no guarantee of profits or no exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.
--------------------------(((((LIKE)))))-----------------------------
Currently in corrective Waves post forming Leading Diagonal Elliot Wave Pattern.
It corrected 50% of previous Rally and now heading towards 390 61.8% retracement next 330 which is 78.6% Fibonacci retracement.
Any Dips towards 400, 360 add opportunity with SL 320 on Daily closing basis for long term target 550,612,1k.
Conservatives can wait for break and close above wave v, 612 to confirm this analysis.
A good opportunity of buying ZEEL NSE:ZEEL
Buy signal if price holds above level 225 then it can be a good signal
As the stock has given a breakout and also a up trend double bottom. Can buy for a long term pick.
Fundamentally :-
Current price is less than the intrinsic value.
long term Debt to Equity is very low.
Very less promoter pledged share.
Evolving Business model.
Bandhan Bank to start fresh Impulse WaveStock post touching 650 broken Consolidation started going south till 152.
From 152 it made retracement fib levels 0.5 completing first 5 wave impulse
Right now stock trading in parallel channel and expected to respect it as Volume dropping and wave C could be coming to end near 270 which is again 0.5 Fib level of impulse.
Long all dips towards 270
Short term STOP LOSS 248, For Long term bigger Stop loss of 195 on daily closing basis.
Expecting impulse 5 waves to start soon with short term targets 368,396,432(possibly wave 3).
Long term positional target 521 (80%+).
Disclaimer: Calculated and plotted values may differ from actual stock movement. Plotted wave count can be wrong. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading.
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State Bank Of India | Bearish View Spotted Head and shoulder pattern on SBIN.
Not seeing the uptrend unless it breaks the Supply ZONE. It is now too conjusted to break,
Even on Hoursly Time Frame it is bearish.
LongTerm Trader can remain Invested 180. however if it goes down , move out from the stock.
Also if you notice too much conjestion now, near the right shoulder
On a 4 hour chart and hour chart, there is high volume towards selling so beaware of this stock no movement for sometime in this stock
