Get started

Multibagger

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 :)
NSE:VENKEYSEducation
by MarketsWithKR
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.
NSE:ARCHIESLong
by BotheredBull
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.
NSE:POLYMEDLong
by Arunraj_07
PNB: HIGH POTENTIAL BUT GREATLY UNDERVALUED STOCK!Punjab National Bank is a very good stock, on the verge of breakout. I recommend this stock for the long term, as it has very high potential but has been severely beaten down due to the Nirav Modi fraud and a few other incidents. 1. Volumes are at all time high, suggesting market interest in the stock. 2. VERY undervalued for the sort of company it is, and business it does. 3. Mehul Choksi could get deported to India any time soon. The ensuing trial could help PNB realize a portion (if not all) of the bad debts written off immediately after the fraud took place. 4. Look for weekly candle closing above 44-46 range for targets of 60/110/160/200+
NSE:PNB
by adwaithumesh
Again Buying Opportunity - TIDE WATER OIL Stock Tested the levesl of 12999 on NSE and with some correction or we can say Profit booking it is again ready to Fire... My own next Target is 13000 Second target is 15000 and if sustain above this we can see again big targets like 20k .. You can check my previous idea about this script target of 13k hit like 1 min Spike ... but not sustained and from that level we saw profit booking.. Buy On CMP TARGET 13K/15K SL - As per ur risk Do like and comment my idea.. Always Be Bull in the market...Not Bear...We all no market is not gonna stay on this levels forever ..so make ur view bullish...
NSE:VEEDOLLong
by Darshaann
Texmaco Rail & Engineering Launch zZOoon🎯🎯all studies explained in the chart do your study guys🙏 buy @bottom or wait for breakout trgt mentioned in the chart sl will update if it fall🙏 🍂stock in a downtrend,anytime we can expect a breakout from current level.so do your study then invest.remember that I am expecting a correction in nifty.so it may down.so wait for the breakout or add @bottom. 🍂chart looks good. your money your responsibility😊 thanku🙏 like🍂comment🍂support
NSE:TEXRAILLong
by ANKITHSHAJU
2