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Momentumstrategy

Jamna Auto Breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula: - Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since January 2022, NSE:JAMNAAUTO has given a breakout on 29th June. Buy with a stop just below Rs.117. Strengths: - 1. TTM Sales growth is at 59% and TTM Profit growth is at 92%. 2. 10 year and 5 year average ROE more than 15%. 3. Debt to equity at 0.28 (less than 1 is good), Interest Coverage at 69.6 (greater than 3 is good) 4. Dividend yield at 0.38% (consistent dividend payer since 2011) 5. Credit rating agency ICRA has reaffirmed the ratings of the company on April 2022 (please go through the credit rating report for better understanding) 6. DII's increased stake from 5.2% in June 2020 to 13.55% in March 2022 7. ADX > 30 on daily chart Weaknesses: - 1. Pledged percentage 3.80 % 2. Stock is trading at 7.49 times its book value 3. The company has delivered a poor sales growth of 5.86% over the past five years 4. Debtor days have increased from 35.36 to 61.31 days 5. Borrowings increased to 191Cr in March 2022 from 11Cr in March 2021 6. FII's stake decreased from 7.37% in June 2021 to 5.55% in March 2022 Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
NSE:JAMNAAUTOLong
by akashbothra
TATA ELXSI: Have drawn trendlines on the chart for your refeTATA ELXSI: Late update as I was busy with work. Have draw trendline on the chart for your reference Resistances are in Red and Support in Green. Try trading within these zones. Buy between 5870 to 5890. Please trade with SL. Trail stop. Remember position sizing. Always respect Risk. I don't generally have targets aI keep pyramiding the position on the way up and start selling into the strength. If I have to quote a target I see INR 10980/- as a medium to long-term target. Happy trading folks!! Disclaimer: This idea is posted for educational purposes only. I'm not a SEBI registered advisor. Please consult your certified financial advisor before trading/ investing. “If you can’t take a small loss, sooner or later you will take the mother of all losses.” - Ed Seykota ** Apologies for not being active on the platform, I was busy with work. This is a late update on TATA ELXSI. I have been trading in this counter since last October (2021) and kept booking partial positions now and then. Disclaimer: I still hold some position on this counter.
NSE:TATAELXSILong
by rajesh066060
2
Target 1 Done | 28% Gain in 53 days | GoodluckTarget 1 Done | 28% Gain in 53 days | Goodluck The entry was triggered at 302 on 15th Nov 2021, after which the overall market witnessed a correction. Fortunately, after the entry the market structure held well and the SL placed at 259.40 remained intact. Actually the market missed the SL of 259.40 by a whisker. Whew. Goodluck formed another low risk pivot range, which eventually broke out on the upside. (Here, unfortunately I lacked the conviction to add at 277.) From this low risk entry point within 18 sessions, the stock went moved up by an excellent 44%. (Big lesson learnt and taken there) Overall volumes have not been healthy enough to propel the stock past the 400 round number. Let's see how the stock holds for the next 10 - 12 weeks. Thank you for checking out my content. What have you learned from these studies and updates. How will you apply and gain from it? If you liked these studies and have gained from it. FOLLOW for more !!! LIKE & SHARE if you found the idea useful !!!! COMMENT below with your questions, views and suggestions !!!
NSE:GOODLUCK
by amar_gr
Dwarikesh Sugar | Targets +22% to 44% ?Dwarikesh Sugar: Will it continue its momentum and give another +22% gain? Post its breakout, the stock has consolidated well below Rs 100 range. This consolidation has been supported by excellent volumes too. The past two week price action is indicative of likely strong up moves in the coming weeks ahead. My expectation is that 119.80 should be most likely crossed in the coming 3-4 weeks. There's a fair possibility that even 141.75 may well be achieved within the next 5-6weeks. Stocks in Stage 2 have a tendency to continue their momentum moves. Let's see how this stock behaves ahead in the coming weeks. Here's the Trade Plan CMP = 98.05 Entry : At 96.60 to 98.80 range Add on Dips: At 92 (Low Risk Entry) Initial Stop Loss (ISL): @ 90.80 Wide SL 84.80 Potential Targets: 119.80 (+22%) 141.75 (+44%) Note: Breakout closing above Rs 100 needs to be supported with high volumes. Trade Setup gets invalidated once stock starts to trade below 84.80 What have you learned from these studies and updates? Can you see the continuation of the Momentum pattern? How will you apply and gain from it? Thank you for checking out my content. If you like it and gain from it; FOLLOW for more !!! LIKE & SHARE if you found the idea useful !!!! COMMENT below with your questions, views and suggestions !!!
NSE:DWARKESHLong
by amar_gr
2
Target-1 Near | +75% Gain on DipBuy in 30 days | Coffee DayFirst, allow me to beat my trumpet, please. Here's a reminder of the Trade Plan given on 12th Dec 2021 (See my trade idea on TradingView titled: "Coffee Day opens up 2 wild targets that can help swing traders profit up to 300%?" Trade Plan - Entry: Test Entry on market open. - Add on pullbacks at 44.15, or worst case up to 40.20 - Initial Stop Loss (ISL): Below 38.80 Potential targets for the upcoming first half of 2022 are; Tgt 1 = 76.80 (+55%) Tgt 2 = 89.55 (+80%) Tgt 3 = 99.45 (+100%) What's happened so far. Test entry taken at 53.20, then added on dip at 49.60 on 13th Dec Waited as per plan added furthur on dip at 41.30 on 20th Dec Fingers, hands all crossed, since then. Thankfully ISL kept at structure was perfect. Based upon add levels currently stock has returned +75% on the least risk position. ( Which is still open since ) Average return on the stock holding currently = 34.97% (100% buys still open) Can you see the pattern? How many similarities can you spot with my studies shared on Dwarkesh Sugar? What have you learned from these studies and updates, and how will you apply and gain from it? Thank you for checking out my content. Hope you liked It. 👇👇 Check my idea snapshot image dated : 14th Nov 2021 See below Related Idea: Coffee Day opens up 2 wild targets that can help swing traders profit up to 300%? FOLLOW for more !!! LIKE & SHARE if you found it useful !!!! COMMENT below your views and suggestions !!!
NSE:COFFEEDAYLong
by amar_gr
Target 2 Achieved | +33% Gain in just 10 days | Dwarkesh Sugar This is the update to my earlier view shared on 14th Nov 21 on Dwarkesh Sugar. As on 14th Nov expectation was that 78.50 should be crossed in the coming two weeks. 10 days later the overall markets became weak. The above view was revised on 28th Nov indicating that 4-6 weeks of patience would be needed. It took a total of 7 weeks instead of initial anticipated 2 weeks of consolidation. Which was in fact a very good thing to happen. During these 7 weeks Dwarkesh traded in a narrow range. It printed more green days than red and also showed good signs of accumulation. Of the total 35 sessions, -18 bars were green and - 7 green bars had above average buying volumes. - Red bars majorly were showing below average volumes. All excellent signs of institutional accumulation. Also during these five weeks of consolidation two attempts at breakdown failed. Dwarkesh eventually neared the rising 200day sma support zone. With the second breakdown attempt failing above 200d sma, breakout above 74.50 was now needed for entry; The Trade Plan was revised as below for entry above the narrow range. Entry : On Breakout above at 75.40 Initial Stop Loss (ISL): Below @ 64.80 (SL based on structure) Note: Breakout above was needed with high volumes. On 4th Jan 2022, the breakout occurred and entry was triggered in the opening hour itself. The trading volumes within the first hour of open supported the rise and eventually made the stock hit the upper circuit by the close of the day. Thereafter Dwarkesh Sugar took just 9 sessions to return an impressive gain of +33%. Patience pays. Waiting it out for the right time until; A. the low risk entry exists B. in the right direction and C. at the right location is the key to winning the momentum game. Catching a momentum stock is much like waiting for the spring to be compressed fully. Then just jumping on the spring just before the pressure is released, will help one to fly higher with little effort. Can you see that pattern? What have you learned from these studies and updates, and how will you apply and gain from it? Thank you for checking out my content. Hope you liked It. 👇👇 Check my idea snapshot image dated : 14th Nov 2021 Click below and see the related idea titled: Dwarkesh Sugar: Will it break out to give a +30% gain? FOLLOW for more !!! LIKE & SHARE if you found it useful !!!! COMMENT below your views and suggestions !!!
NSE:DWARKESH
by amar_gr
#FEDERALBANK Potential breakout for positional betThis banking stock is consolidating forming a potential breakout from a flag kind of pattern. The momentum on daily also has a a potential reverse divergence that is bullish if it plays out. The momentum n=and trend indicator are bullish on all time frames. 91 could be A good support below which could be stop loss for swing/positional trades.caution that the upside moves could Turn out slow and treacherous since previous resistance at 110 and ash 125 level where appropriate trailing stop loss could be applied. By the way this is big bull Jhunjhunwala invested stock.
BSE:FEDERALBNKLong
by seekedgetrade