Rain Industries Beautiful Rounding Bottom Formation Breakout Rain industries has formed a perfect textbook rounding bottom formation. This looks like a reversal . Not only price but volume has also supported with rounding formation.
The history of the chart says that when this stock comes in momentum the rally extends. If it retests its level it would be a perfect buying opportunity. That being said stocks sometimes don't wait so buying at this price with small quantity is preferable.
Multibagger
Long Technofab EngineerTechnofab Engineer
CMP - 5.8
Stop - 4.5 on DCB
Expectation -
T1 - 42
T2 - 60, Review at 42
Expected Holding Period - 240 trading days or earlier for T1
View:- Positional
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
Swing trading and Intraday on MUTHOOTFIN - minimum 3% 👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥
🔥 Common sense used: Do watch the video to get to understand all of the information
📌 Structure is bullish
📌 A good pattern is created above the triangle pattern
📌 On 30mins it is showing an amazing pattern = wait for BO and enter sharply with risk defined on your setup
📌 2% logical Risk with 3% to more rewards towards ATH can be seen
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
Gati - BullrunGati is looking very strong here.
Near to 200 EMA &strong volumes from past few sessions. In my view we can easily witness levels of 190-200 levels in short run & 220+ levels in mid to long run
ESTER #StockMarket #StockToWatch Ester Industry --Polymers and Engineering Plastic compounds making Company.
Peer Company already did well and moved.
Company delivered good profit
Promoters & FII holdings increased recently.
Good number of patents
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good consolidation with volume
After BO retracement did and now ready to move
Buy at CMP for target 160-200 minimum
REFER CHART FOR ENTRY DETAILS
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Stock soon will double
Multibegger potential
Keep for long term
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Strict SL to be maintained in every trade
Venkeys: my bar-by-bar trade analysis from 1700-3100+Following is my bar-by-bar trade analysis of Venkeys, currently sitting at 80%+ ROI.
a. Entered NSE:VENKEYS thanks to the range breakout + RSI 60 breach, indicating momentum. Stop placed at around gap filling (1650). 50DMA was ~9% away from LTP.
b. Price saw a strong move on the upside on the next day with a sizeable gap-up. 2,000 psych level held + very strong volumes.
c. The next day, the price saw a strong rejection of higher levels, but it had held on to the gap up and closed above the prev candle's high. Not exiting here was a tough decision, but such trades don't come up often, and exiting too early may mean you leave far too much on the table. I'd moved my stop to gap-filling and subsequent 2100 rejection.
d. Price shook out weak hands by testing lower levels but showed a very strong upmove.
e. What follows are a few candles that signal exhaustion at higher levels including an inverted hammer. But by this point, I understood that Venkeys appears to have a history of showing price rejection after making a high and that a strong move might follow. The only way to catch on to this strong move would be to set a trailing stop and let the markets do the work. A stop was set to prev candle low (for partial qty) as I wanted to secure profits, too.
f. Trailing stop hit, booked partial quantity profits. Now let the rest of the position run. Potential gap retest possible, but booking partial profits helps you stay in the trade for longer. However, this can also make you hold on to a position for longer than you would have. So best to be strict.
g. Started showing signs of support after the dip.
h. Tried to breakout, but sellers stepped in making an inverted hammer pattern. But, this is more or less normal. Still holding.
i. Strong move after a doji. Staying alert as the price had just breached FIB level. This is where price had typically started showing exhaustion.
j. Observing the price movements carefully. Next round of selling around highs. The potential of a further move is still there, as the price has shown its personality. But placing a trail is important.
k. Holding position despite the sliding price. In hindsight, I might have waited a little longer than required. Exiting once the lows of the inverted hammers were broken could have been better.
l. News of China suspending the import of frozen seafood owing to COVID-19 traces emerges. Venkeys slides, and I'm cautious at this point. Trail hit as 2700 levels are rejected.
m. Strong move, but price remains sideways after that for the most part.
n. Yet another strong move, and now the price is above 3,000 psych level.
o. Still holding partial quantity with the intention to trail as long as the move lasts. I will update as the price moves...
This was compiled during the live market, so there's a chance that what I've said in points n. and o. has been negated by EOD.
I know the smallcase alphabets I've used are also used in EW analysis. My intention isn't to display any EW, but that was the easiest way of marking the candles for easy reference.
P.S. I used FIB channels to test how they work. They aren't exactly my entry or exit basis, but I will do a quick tutorial on them, too.
Hope this helps! Happy trading :)
Secret Multibagger: The resistance breaks This is a penny stock but look at the chart. It will surely be a multibagger in short term. The stock has just broken long term resistance of 3.61 after a multi year formation of cup and holder. Bullish signs everywhere.
Risk-o-meter: Dangerous
Returns: High
Don't put in your entire wealth. Happy trading
ARCHIES LTD. long (Swing)Price has tapped into a monthly level and has reacted to it quite nicely.
On the daily two equal lows had been taken out on the way to a demand zone. as price started to break structure upside, an untapped zone at 11rs could be a potential buy.
the zone above is too risky given how much liquidity lies below it.
the zone below is already tapped as price gapped up and came back down (seen as a tail). this leaves 11rs as the only viable one.
Target can be whatever. GG
not financial advice.
Long Hindustan HardyHindustan Hardy
BSE:HINDHARD
Exch - BSE
Cmp - 222
Stop - 145 on WCB
Expectation -
T1 - 500
T2 - Open , Review at 500
Expected Holding Period - 240 trading days or earlier for T1
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
Long BSEL INFRASTRUCTUREBSEL INFRASTRUCTURE
CMP - 1.7
Stop - 0.8 on DCB
Expectation -
T1 - 8
T2 - Open, Review at 8
Expected Holding Period - 240 trading days or earlier for T1
View:- Positional
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
NCC Long Swing/PortFolio TradeAfter a strong break out rally, NCC has corrected for 3 months and taking strong support at Fibonacci retracement level of 61.8%.
The stock is overall bullish, waiting for a channel breakout. It is good for longterm investment portfolio as well.
Currently, we can take a swing trade in NCC:
Entry at hourly closing above 77
TGT 1 = 91 (17%)
TGT 2 = 100 (29%)
TGT 3 = 115 (49%)
Stoploss = 72
POLYMED - Buy IdeaPOLY MEDICURE is a Medical Device manufacturing company that has been on a good rally. Especially given the COVID situation and the need for medical and surgical equipment, the company is stand to gain. Also, India is still lacking in Health care fronts compared to Global Peers hence Government has been continuously pushing the Sector. Good fundamentals and should be accumulated for long-term investors.
Add in Dips near the short and long term Fibonacci levels.
IDBI: A GREAT BUY BEFORE DISINVESTMENT!One of the first few banks to be selected for disinvestment by the government would be IDBI Bank. It has really great financials with a promising future. Some really great companies are definitely coming forward to bid for IDBI. Above 45, a breakout is expected with targets 60/90/120/150.