XAUUSD DOWNTRENDIntro Gold
Gold price continues to draw support from bets for a 50 bps Fed rate cut in September.
Falling US bond yields and softer USD also act as a tailwind for the non-yielding metal.
Bulls, however, seem reluctant and await the release of the US NFP report on Friday.
Price Tag
Sell at 2526 - 2530 SL at 2533
TP at 2440
Newstrading
PAYTM Breakout Buy Signal!Attached: NSE:PAYTM Daily Chart as of 5th May 2023
Everybody is talking about ONDC on Twitter and how it is disrupting Zomato and Swiggy. Apparently you can use ONDC via PAYTM to order food online
(Note: Open Network for Digital Commerce (ONDC) is an initiative aiming at promoting open networks for all aspects of exchange of goods and services over digital or electronic networks)
And the Stock Chart of PAYTM also shows Investor Interest/ Buying Activity
Price gave a Breakout Buy Signal on Friday 5th May supported by Volume Activity on the back of this ONDC Disruption News
ZEEL Buy SetupZEEL Buy Setup
Attached: Daily Price Chart as of 29th March 2023
- Price has put in a 5 Wave Rise and also done a 0.382 Fib Retracement post that
- On Wednesday on the back of the Zee Indusind Bank News piece, Buyers stepped in
- A 3rd Wave appears to be playing out now on the Upside📈
Current Market Price= 216
Upside Targets🎯:
T1= 227
T2= 239
T3= 248
T4= 260
Stop Loss < 20 Day SMA
Adani Enterprises at an important levelAs we can see on the daily time frame Adani enterprises at an important Fibonacci level which is 0.382 we can probably see a reversal from this point. we can enter into a short trade if trend line on the 15 min chart is break also we can achieve big target in this trade but with the proper segment selection and position sizing.
ESCORTS: Leading to Breakout with strong SupportESCORTS KUBOTA LTD
#WondersOfPC
Technicals:
• Today's candle showing strong support for the Parallel Channel
• Taller green towers indicating strong built up for bullish view
• RSI entered in 60 Zone
• Relative strength green
Fundamental News: 21-Nov-22
Escorts reveals mid term Business Plan
ICICI Securities on Escorts:
-FY28 Guidance to increase export contribution to 15-20% of total sales.
-Exports to be up over 6x from FY22 levels. RoCE up from teens to 25-30%.
-Targeting ~3X revenue growth over the next 6 years, leveraging the opportunities in the Railway segment.
Buy- At levels of 2100 or above
Short term target-2370
SL on closure basis- 1994
Jash Agreement Sign Up with German Company & Breakout 1. 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 initial stop loss hit or daily RSI closing below 40
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 June 2021, NSE:JASH has given a high volume breakout today after an agreement sign up with German company Invent Umwelt & Verfahrenstechnik AG. The company has registered TTM sales growth of 31% and TTM profit growth of 92% in the December quarter. It is a buy with a stop at Rs.535.
other fundamentals:
1.JASH has signed an agreement with Invent Umwelt & Verfahrenstechnik AG, Germany for manufacturing of agitators, mixers and aeration equipment. Invent Umwelt & Verfahrenstechnik AG is industrial leader in this segment worldwide and the objective of the cooperation is to make Jash-Invent brand under which these products will be sold in India. The training and development for this product will be done during the first half of the year and the products will be launched in the second half of this financial year.
2. Jash Engineering Limited is manufacturing a wide range of equipment for Water Intake Systems, Water and Waste Water Pumping Stations and Treatment Plants, Storm Water Pumping Stations, Water Transmission Lines, Power, Steel, Cement, Paper & Pulp, Petrochemicals, Chemical, Fertilizers, and other process plants. Jash offers a single-stop solution under one roof including Design, Casting, Fabrication, Assembly & Testing, and provides the most varied range of these products in the largest possible sizes. Jash is today an industry leader in India for most of these products and also exports these products to over 45 countries worldwide.
3. Company has delivered good profit growth of 33.16% CAGR over last 5 years.
Jay Shree Tea Breakout 1. 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 initial stop loss hit or daily RSI closing below 40
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 August 2021, NSE:JAYSREETEA has even a high volume breakout today. The reason behind this breakout is Sri Lanka crisis. The tea industry in India has started getting export enquiries from the markets where Sri Lanka used to sell teas. "Almost all tea processing units in Sri Lanka are witnessing power cuts for almost 12-13 hours a day and have not enough fuel to run their generators. This is leading to production disruption and thereby impacting the quality of black tea leaves," said Dipak Shah, chairman, South India Tea Exporters Association, who was in Colombo a few days ago. To learn more about the situation please follow the link economictimes.indiatimes.com
buy with a stop just below Rs.100.
Tata Comms - 7mth C&H [May break out on news]News Alert: Rekha Jhunjhunwala has bought 1.04% in the company.
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: The breakout levels are derived from the weekly line chart which is respected much more by smart money.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
TATAMOTORS INTRADAY SHORT!! swing trading !!
!! follow 1:3 Risk Reward Ratio and 2% Rule !!
!! please note trade with caution and manage your risk !!
!! all views for educational purpose, trade at your own risk !!
Request you all to LIKE and COMMENT on views as then I come to know that how much engagement on the post.
Paypal donation - paypal.me/shubhamkhan
Auropharma , 20% up in a day now may be 20% down in a day !!!!Profit booking and trailing is the important concept of trading which people ignore's many time , if somebody is following the chart it was clearly a resistance at 615 levels ( marked blue ) , now their is a gap lets see if it feel's up the 500 levels, !!!!!
RBL Bank Volatility Sell and Buy Pressure | Trade Nivesh RBL Technical RBL Create Buying Pressure at 684 and selling Pressure at 675.50
RBL Fundamental RBL Bank has informed that the Board of Directors recommended a final dividend of Rs 2.70 per equity share. The bank's Q4 net profit has jumped 39 percent at Rs 247cr. However, the stock is trading one percent lower.