Nifty500
POLICY BAZAAR - MID TERM ANALYSIS - 2nd June #stocksPOLICY BAZAAR (1M TF) - MID TERM Trade Analysis given on 2nd June, 2024
Pattern: ROUNDING BOTTOM
- Monthly Volume Buildup at Resistance - Done ✓
- Monthly Resistance Breakout - In Progress
- Demand Zone Retest & Consolidation - In Progress
Please Note:
- The stock is about 14% away from the IPO Levels
- Will look at a partial entry and then pyramid into if it moves in my direction
- SL will be paramount since its a risky trade
* Disclaimer
ELGI EQUIPMENT Swing Long Trade Setup- Elgi is building up the strongest base that I haven't seen in any other NIFTY 500 stock so far watch out for this
- No HL OR LL so far trend looks intact
- Another Liquidity grab can be possible so watch out for that
- Accumulation ZONE - 625-640
- Risk - 3-4%
- Portfolio Allocation - 10-20%
Manage risk properly first reward comes second
HEG - Swing Trade - 20th May #stocksHEG (1D TF) - Swing Trade Analysis given on 20th May, 2024
Pattern: FALLING WEDGE BREAKOUT
- Trendline Resistance Breakout - Done ✓
- Volume Buildup at Resistance - In Progress
- Demand Zone Retest & Consolidation - In Progress
(Might come back to the Trendline for a Retest so be careful and do not enter in FOMO)
* Disclaimer
ELECON ENGINEERING - Swing Trade Analysis - 21st April #stocksELECON ENGINEERING (1W TF) - Swing Trade Analysis given on 21st April, 2024
Pattern: ALL TIME HIGH BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
#ELECON
CIGNITI TECHNOLOGIES - Swing Trade - 17th March #stocksCIGNITI TECHNOLOGIES (1W TF) - Swing Trade Analysis given on 17th March, 2024
Pattern: ATH RESISTANCE BREAKOUT
- Resistance Breakout - Done ✓
- Volume buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
PAYTM Swing Trade Update - #Paytm is currently a complete catalyst-based stock
- Catalysts, positive, and negative news are driving its prices up and down
- logically you shouldn't attempt a trade in Paytm if your Portfolio is small
- Allocate 2-5% of your 100k here only if you are ready to risk 10%
- Paytm has a wide stop-loss trade due to lower Circuits
- I think a dead cat bounce looks inevitable in Paytm now
Metrobrand Swing Long Setup - Metrobrand is currently looking perfect for an entry
- Kindly note that this stock is highly volatile and quite fast in liquidating stops
- In order to avoid that prefer entering once the liquidity grab is done
- I would suggest keep your risk low in every setup as I am bearish on the overall market
INOX Leisure Swing Long Setup - Inox Leisure is setting its base quite nicely
- I think if you are planning to buy a stock for a mid-term or short-term swing then you should go with this
- Inox in the next retracement can throw up big before that a Liquidity Grab is necessary
- Don't risk anything more than 2%
CNX FMCG Indices Technical Analysis - Nifty FMCG did play out exactly the way I had forecasted and now it's following my path.
- FMCG stocks can witness a good retracement and I think this isn't the right place to add them as well
- For any long term Investments better try understanding the fact that catching a bullet train in the middle won't help you in gaining money it will help you more in losing.
CNX FINANCE TECHNICAL SETUP - The Finance Index is currently trading in a range
- IMO I think we can break down and see a breakaway all through the downside
- It's going to be important to notice what the price exactly does
- I have drawn two paths let's see which one plays out, I am bearish already for long-term Investments.
- I would prefer sitting cash for the next two quarters before I pool in money for my long term Investments
Rites Swing Long Setup - The Railway Theme inside the market looks very hot now
- IMO, rites is currently setting up in a way that once it induces back to the FVG it can show an impulsive move
- Point or scenario 2 can be where we directly see an impulsive move right from here so position yourself accordingly and do not over size or over risk