Nse
#BHEL trade idea setup (17/12/23)Greetings Folks,
today I have prepared a setup of NSE:BHEL on NSE
the analysis is as follows-
- the price was on a good trend but is now starting to change the bias
- with the recent failed breakout, its clear that price is not in full bullish mode
- we are waiting for price to decide a bias in coming days
- the price can go move sideways or give a proper light in its direction by breaking out either side
- the market is very volatile, trade with light head
don't play with fire, always use a predefined stoploss
#SUZLON long trade idea setup (17/12/23)Greetings Folks,
today I have prepared a setup of NSE:SUZLON
on NSE
the analysis is as follows-
- the price is following a trendline as resistance and is now nearing to breakout from it
- the price is also making gradual higher lows indicating that price does not want to go below past swing that serves as a bullish confirmation for our trade
- wait for either breakout or retest to enter the trade
- the market is very volatile, trade with light head
don't play with fire, always use a predefined stoploss
#INFIBEAM intraday long trade setup (16/12/23)Greetings Folks,
today I have prepared a setup of
NSE:INFIBEAM on NSE
the analysis is as follows-
- the price is in a uptrend momentum right now
- following a weak breakout, price is now retracing to fuel back its efficiency and momentum
- as the price has returned more than 50%, its better to let the price take stable support
- there are 2 possibilities, either the price take support at the trendline or the zone mentioned in chart
- the market is very volatile, trade with light head
don't play with fire, always use a predefined stoploss
IRFC stock first profit target at 78.0 and a second target 81.90In my analysis(for 1 week), I've identified a potential trade idea for the IRFC stock. Based on my evaluation, I see two profit targets. The first target is set at 78.0, while the second target is at 81.90 . To manage risk, it's important to establish a clear stop-loss level.
**Trade Idea:** Consider a long position(1 week) on IRFC stock with a first profit target at 78.0 and a second target at 81.90 . Implement a well-defined stop-loss strategy to manage risk effectively.
1st Target--> 78.0
2nd Target --> 81.90
Thanks
Kambi
HDFC Life: Charting a Breakout Journey to New Highs!Witness the journey of HDFC Life Insurance through its complete history. Study the chart attentively, and you might glean valuable insights.
From a technical perspective , HDFC Life Insurance is signaling another breakout after a substantial consolidation phase. Anticipating a move towards, and potentially beyond, its all-time high.
Consider a swing low around 667 , set a stop-loss just below, and set your sights high. This is my analysis for you.
Stay tuned for further updates as the story unfolds. 📈✨ #HDFCLife #TechnicalAnalysis
Breakout Momentum : Prakash Pipes | Unlocking OpportunitiesPrakash Pipes Ltd , currently at CMP 448.90, has recently experienced a breakout. Historical data suggests that breakouts with significant volume tend to perform well. Today, the price has broken out with notable volume.
Key Points:
Breakout Observation: The breakout pattern, particularly when accompanied by substantial volume, has historically yielded positive results.
Entry Strategy: Monitoring closely, a long entry will be considered if the price surpasses 449. Risk management will be implemented, and a stop-loss (as indicated on the chart) will be employed.
Engage with Us: If you resonate with our analysis, consider boosting and following us for more insights.
Let's navigate the markets together! 📊🚀 #PrakashPipes #StockAnalysis
FINNIFTY | Is this the End of the current downfall?Navigating the Indian Market: A Simple Guide
Introduction:
The Indian market, including FinNifty, has been going down lately. This is a quick guide for anyone interested in trading, even if you're not a market expert.
Market Trends:
Think of the market like a rollercoaster. Recently, it's been going down, which can make people worried. But there's a line on the chart from March 2020 that's been like a safety net. If the market stays above that line, things will get better.
Short-Term Moves:
We can also pay attention and mark this week's low and until it is safe we can try to go long But be careful, and only risk a little money if you decide to jump in early.
Big Picture:
To go all-in and start making good money, we need to wait for the market to stay above 19665, marked on the chart. That would be a strong signal that the good times are back.
In these uncertain times, remember to be cautious but ready to grab opportunities. Success in trading is about finding the right balance between being careful and making your move when the time is right.
QUESS CORP LTD: Good for Long term 1 to 2 years CMP: 500.05This stock is currently trading almost 48% less than it previous high of 963.40 it reached on 17th Sep 2021. From this level it a low of 337.55 on 28th March 2023.
The Stock found strong support at these levels which happens to be the Monthly Institutional Buy zone. On 29th March 2023over 10.39 million shares were traded compared to a 30day average volume of around 556k shares. Clearly indicating value buying.
The stock has since moved in a Cup & Handle pattern and also broke out of the falling trendline and further consolidating in the 400/- to 450/- levels.
It broke out of the resistance level of 458 - 460/- range touching a high of 527.30 on 23rd Nov 2023 which was also its first Target price.
All major Indicators including MACD, RSI, Momentum and Choppiness indes in the Monthly chart are showing positive signals.
Conclusion: The ideal Entry Point will be in the 437 to 450/- range however one can start buying 460/- levels with a long term ( 1.5 to 2 Years) target of 835/-
APTECH LTD : A good Buy for Long Term CMP: 254.70The stock has retraced to 0.618 of the Fib series from its all time high of 418.35 which it reached on 30th May 2023 and has been falling continuously to touch a low of 243.90 on 9th Nov 2023. Thats a drop of over 41% from its all time high.
The stock is finding support at the current levels which happens to be the Monthly and Weekly Instutional Buy Zone and also the 0.618 Fib Retracement level.. this level is a good area for institutional investors to come in.
The average 30 day Volume is around 311 K whereas the last few days the volumes has been in the range of over 750K. This means good buying is coming in these levels.
The monthly Institutional buy zone is between 207/- and 250/-
The stock is still trading below the falling trend line and the ideal buy would be after a confirmed close above the trend line with better than average daily volumes, however since this is a good stock and it is in the important support levels, one can start buying partly ( as per your risk appetite) at these levels and accumulate if it comes lower and within the buy zone mentioned above.
Target: We are looking at a long term target (1.50 to 2 years) of Rs.525/-
Jubilant Foodworks In Wave 3 Or Not.?NSE:JUBLFOOD
Jubilant Foodworks I think it's in 3rd sub-division. If the structure is in 3rd sub-division wave, it indicates chart is strong with fundamentals. Now recent correction retraced below 0.618 and recovered above golden ratio with perfect abc correction. Normally target for wave 2 is 50% to 61.8% of wave 1 and it's completed. I think stock will go up near reverse retracement 1.618 of wave 1.
Target: -
1) Target for wave 3 reverse retracement 1.618 of wave 1 = 1350/-
TATA COFFEE : Technical Analysis
TATA COFFEE 2023
Simply pointing some point to study the TATA COFFEE chart.
1. Simply in a uptrend zone.
2. Forming rectangle
3. Above 50 EMA.
4. Q2 result is good
5. bullish for long.
6. Risks & Rewards (2:1)
Conclusion:
My analysis shows potential strong bullish run.
I am not a sebi registered analyst. My studies are for education purposes only.
#IDEA long trade idea setup (27/11/23)Greetings Folks,
today I have prepared a setup of NSE:IDEA on NSE
the analysis is as follows-
- the price is in retracing mode
- having retraced more than 50% , price is ready to start moving up again
- i am using the support below for entry not the current range support because the price has some imbalance to be filled and just to be on safer side
don't play with fire, always use a predefined stoploss