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Moving_average

GNFC Best Swing Idea! 🔥Greetings traders!📈 Today, I'm thrilled to present an intriguing setup on GNFC, showcasing a positional breakout scenario complemented by volume analysis. Here's a closer look at the setup: 📈 Setup: HORIZONTAL BREAKOUT SETUP 🔍 Analysis: Extensive analysis across various timeframes confirms the breakout potential. 📊 Indicator Support: Momentum indicators are providing robust backing to the bullish momentum. 📈 Keywords: Strong volume participation, comprehensive multi-timeframe analysis, bolstered by momentum indicators. Stay tuned as GNFC gears up for potential bullish momentum! Remember to conduct your own analysis and deploy effective risk management techniques. #GNFC #VolumeAnalysis #TechnicalAnalysis #TradingView #StockMarket 🚀
NSE:GNFCLong
by Uday_Mandal
Falling Knife stocks-How to identify them?I have discussed in previous post about what exactly falling knife stock is with a case study. The next question would be how would an investor know that stock is a part of falling knife category? To identify such stocks, I feel you should know about 2 concepts/indicators which are Moving averages and Fibonacci retracement. I will try to make you understand these concepts and also the levels where averaging/investing can be started. 1. Fibonacci(Fib) is a mathematical concept which governs the entire universe, even our stock markets. I can't explain the entire scientific concept here so just sticking to stock market. Fib retracements help investors identify support and resistance for stock. There are 2 golden ratios which every investor must know, 38.2%(0.382) and 61.8%(0.618). When a stock is in uptrend, 38.2% is the level where most stocks retrace upto. 61.8% is considered as last ray of hope for bounce in retracement. Any stock which has fallen below 61.8% is considered weak. 2. Moving averages(MA) are indicators which are continuously changing with moving stock market. These are an average of prices over a time period, hence Time frame is important. There are many types of moving average, we use mostly simple and exponential. When I say 20 Day EMA, it is Exponential average of 20 days of closing price of stock or when I say 200 week SMA, it is simple average of 200 weeks closing price. Exponential is more used than Simple moving average which has scientific reason behind it so if you are curious, you can search for it. 200 Week moving average is considered as last ray of hope for investment. A fall below 200 Week moving average or 50 Month EMA indicates strong bearishness. 3. I have seen stocks reach from top to bottom and top again. Tata motors, HDFCAMC being few famous examples. Even, Most of real estate, PSU banks stocks are reversing. So, equity is beautiful, wild and highly unpredictable. However, A stuck investor should wait for monthly closing above 61.8% to start averaging in such stocks. Also, a closing above 200 Week EMA will slightly indicate return of bullishness and that's where reversal traders should think of investing I feel this much knowledge is enough for now. If you have got some enlightenment from above information, lets apply this knowledge on one stock where I know many many investors are stuck, Rajesh Exports. How do I know? I saw the shareholding pattern and that's where I was shocked to see the number of shareholders increase from 45000 odd to over 2 lakhs in the past 9 months! Starting with fundamentals, Rajesh Exports Ltd is 4 decade old manufacturer of Gold and Gold Products available at a PE of around 9 and sales growth of 20% in last 3 years. All the ratios feel nice to me except the operating margin which is below 2% consistently which has led to drop in EPS which is major concern in the stock. Technically, stock had a 52 week high of 1030 in Feb 2023 and it is now available at 360 odd which is more than 60% wealth destroyed. And as I said, the number of shareholders have grown 5x in the same time. (Note that FII, DII holding has reduced in same period). If i see now from a non-investors perspective(psychology explains that investor can never see the bearishness), the stock has formed a beautiful double top and broken its neckline which was 61.8% of fib retracement all ready for a further fall and I see no support till 270-300 zone(sorry investors). It is also below 200 week moving average-red wavy line(if you check monthly chart, it is below 200 month moving average as well). A perfect example of Falling knife. What next? If I were an investor, My last SL would have been 525 which is 50% retracement. Since, the stock is below 61.8% retracement , there is no chance of averaging at this moment. Hence, I feel investors should wait & watch until stock moves above 440 before averaging/entering. Don't jump in it. Wait for a big bullish monthly candle before averaging. Also.... As promised,, I am sharing you names of stock which i have identified to be part of this unloved category. As an homework, do check fundamentals and reversal levels based on what we have discussed above. The stocks are GRINFRA, TCNSClothing, Metropolis, Luxindustries, Polyplex, HLEGlasscoat, Deltacorp, Barbequenation. If you are a curious investor, even you can find such stocks and do let me know in the comments below. I would like to discuss any doubts regarding the concepts, idea or anything related to stock market so feel free to comment. Keep investing, keep minting. India has a very big future ahead so these are the best few years to invest in India.Be a smart investor because it is important that you choose the right stock to meet your financial goals.
NSE:RAJESHEXPOEducation
by chartistamey
10
NIFTY DAILY - 15/2/2024 The Nifty traded in a narrow range throughout the day and formed Doji candle on the daily chart. Which is indicating indecisiveness amongst the participants. Candle is closed above 9 days Simple Moving Average Line. We may see resistance at 22115 level and support at 21748 level. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
NIFTY DAILY - 13/2/2024Nifty opened with negative note but bears were not able to sustain in the market. The bulls attempted to stretch their arms for the session and made high of the day that is 21766. Index has form green body candle with long lower shadow and upper shadow which indicates bulls are buying from lower end. Another candle is closed below on 9 days Simple Moving Average line. Index may find nearest resistance at 21912 level and 21632 will work as nearest support level. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
NIFTY DAILY 12/2/2024Indian shares settled lower in today’s session and formed bearish candle with upper and lower shadow. Which indicates bears were aggressive and took Nifty to low of the day that is 21574. Today's Candle is closed below 9 days Simple Moving Average line. we may see bear run till 21515 with resistance of 21747 level. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
NIFTY DAILY - 6/02/2024 Indian indices open with negative note and made days low that is 21737.55 but after wards bull’s takeover the market and made days high that is 21951.40. Index has form green body candle with upper and lower shadow which indicates Buyers were buying from lower end because lower shadow is long as compare to upper shadow. MACD has given Crossover which shows bullishness into market. Candle is trading above on 20 days SMA line. we may see bullish run till 22124 with support of 21893 level.
NSE:NIFTYLong
by radha_23
Chambal Fertiliser Weekly ChartChambal Fertiliser Weekly Chart Breakout Possiblility Chambal Fertiliser Breakout will be possible if this Stock Closing above @291.50 on weekly chart and sustain. :: Data Point :: Breakout Level: @291.50 Target 1: @312.00 (Fibo 23.6% Level) Target 2: @350.00 (Fibo 38.2% Level) Target 3: @382.00 (Fibo 50.0% Level) Stoploss: @260.00 It can be decline if Stoploss Hit, then it would come down towards Support Zone approx @207.00 Note: -Price traded above 200 EMA. -Good Volume showing in Weekly and Daily timeframe. -Decending Triangle Pattern happend.
NSE:CHAMBLFERTLong
by sandipdutta1983