Entry CMP Target 1:5 SL 463 This trade has the potential to give higher reward Need to hold on consolidating phase
Although Laurus lab is a falling knife right now and people are struck in this counter but I would like to initiate a long trade around 385/380 with SL below 375. This price zone of 380-385 is support zone of 2020 and I am also counting on RSI which is on oversold level on weekly Time frame. Targets for me on this trade would be 1) 400 2) 422 3) 450 after my...
Market Cap 3,315 Cr. Stock P/E 28 Industry P/E 29 Dividend Yield 0.14 % ROCE 40.7 % ROE 45.4 % Face Value 10 Promoter holding 47.3 % Pledged percentage 0.65 % Debt to equity 0.82
BSE has made hammer candle in weekly TF, 540-553 will be great place to initiate long trade which will provide low risk and high reward setup. Also on daily TF RSI is about to give breakout from its falling trend line(on day TF, connect trend line from high's of 8th Sept,27th oct, 4th Nov, 25th Nov). 2 options 1) Enter once price close above 587, targets 1) 642...
Mastek is one of favourite stock and I have made good money in this counter. I entered around 663 when it broke out of its multi year resistance on 6-8th Aug 2020, made pyramid entry around 28th Dec 2020 which increased my avg price. Added final qty around 28th June 2021, my exit was around 3300+ which gave me 148%+ returns. I was lucky enough to get benefit of...
Although there is great movement in IT index on Friday but caution advised now in all IT stocks . Keep booking your profits, trail it tightly as now most of the IT stocks are near monthly & weekly CPR/ATR resistances. Similar case is there in Mindtree where 3790-3810 will be great zone to short with low risk high reward setup. Since I will be planning to take the...
Schaeffler India corrected around 32% from the highs of 3953 and now I am waiting it to touch 2515 which is 200 daily EMA support. If you look at the daily chart this stock never touched 200 daily EMA support and it can give good opportunity to people like me to enter with low risk and high reward setup. If I get entry around 2515 then my targets would be 1) 2860...
GBPUSD had nice bull rally from 1.3565 to 1.14952 with perfectly creating HH and HLs which later flipped into bearish at 1.14952. It failed to break above HH but later breaks below HL, also it broke below the Rising wedge pattern which is considered as a bearish chart pattern that points to a reversal after a bull trend. Target of Rising wedge pattern are...
Thangamayil Jewellery Ltd Gold Chart is looking weak as attached below and I'm assuming that Gold would get even cheaper in days to come. Hence, I believe with this festive season being majorly Covid free, people may want to celebrate extravagantly after the low key past couple of years. The only drawback here is that Pledged percentage is 14.8 % Promoter...
Cochin Shipyard is coming off a very long consolidation and it seems like a very good galloping candidate. A setup very well tested in the past and which has a good track record for quick gains.
Buy around 1295- 1275, keep SL 1250 on closing basis. Target-1330,1360,1390 *Note-Only for educational purpose.
Buy around current price. SL @ 500 on closing basis. Target- 550,565,585 *Note- Only for educational purpose.
This is a beautiful setup which seems ready for a take off. Accumulate before it flies. Market Cap ₹ 818 Cr. Dividend Yield 0.98 % OPM 5Year 10.3 % OPM 15.3 % Pledged percentage 0% Debt to equity 0.13 Promoter holding 59.5 %
Diamond Pattern Breakout RSI in a parallel channel. On Song to marching towards All Time High.
A Tale of 2 Parallel Channels Awaiting the breakout at the intersection. Divergence Spotted.
Ride the pattern. Nothing much to explain here. An Inverted Head and Shoulder pattern formed here.
- Cup and Handle Pattern Spotted. - Gap filled Stock P/E - 5.02 Book Value - ₹ 345 Dividend Yield - 0.56 % ROCE : 7.85 % ROE : 6.67 % ROE 5Yr : 5.84 % Piotroski : 7 Promoter holding : 54.9 % Debt to equity : 0.38
If It Sustains above 730 it can give a good target of 1000. Low-risk High-reward Fibonacci Support RSI Support at 30RSI 700 psychological Level Upper Trendline Break