Long term vision for D-MartAvenue supermarkets Ltd. has been proven to be a vital business for country's consumer and it will continue to be.
Coming under 'necessary retail' I expect it to get hit lesser in any black swans from here-on.
Fundamentals are healthy and the chart is in the process of looking better, good amount of correction is over.
Expecting a fall from here of ~10% in the weekly block. Expecting it to run to new highs in the coming year.
A gain of over 90% is what I aim for if we get to buy in low 3400s
NFA--DYOR--GL
Nse
GUJALKALI - Low Risk high reward tradeA bullish reversal pattern has developed over the past week on GUJALKALI at the demand line. It is clear that the selling volume has been exhausted and the bullish volume is rising. The area where the stock is currently struggling has previously served as a support / resistance zone and has been tested numerous times.
At the current price, we can plan a buy trade that could have a low risk but high reward.
My analysis is solely for study purpose; I am not a Sebi registered individual.
If my analysis proves useful to you, please like it and follow me on Trading View for more analysis like this.
Nifty Buying at Demand areaAggressive entry model because we will enter without confirmation.
pros: Small Stop loss and High reward
Cons: Does not need to respect the demand area and it may break it
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you like my analysis let me know by giving boost or a comment.
I will be updating.
#Nifty 4th Jan 2023 | Falcon Trader AnalysisHappy New Year 2023 - Follow me on Trading View for daily Nifty50 chart.
Nifty is moving in upward trajectory with major resistance taken in Daily Chart and now headed towards 18337 levels and further up to complete red 3 wave. Yesterday US markets were closed / and Dollar Index move today has been only favourable for Nifty50.
With earnings season coming up, it looks like we will have last attempt for the up move to complete Falcon Wave C (which is comprised of 5 waves, and we are in bigger wave 5th demarcated in blue, as we completed blue 4, now we are in wave 5 blue. This wave 5 blue will have its on 5 waves marked in red colours. Now we are in 3rd wave red. - as shown in the chart.
Drop your comments. From Falcon Trader, most of times you will only get one direction.
Always use stop loss. Trade at your risk.
JSW STEEL JSW Steel Ready to break out. Multiple time faced resistance price of 769 to 775. Once break out with the volume. it will shoot like rocket.
Keep Eyes on JSW Steel.
note : this is only for education purpose. do your own analysis before taking any trader and consult your financial advisor before taking any trade.
Nifty 50This is a risky analysis I was trying to fit patterns here but couldn't fit any and the best fit I got was The cup and handle and which might not be right here but it looks more likely to be good and the analysis is that the market is more likely to go up if external factors don't affect them. I've set up the targets for both Bullish and bearish market. You can have them for the options also which may work the same according to this.
And as I've always said I'm open for any suggestions, corrections and anything which can help me learn this. Also check out my other ideas on my profile
Narmada AgrobaseThis chart analyze the fluctuation zone of the stock in which it may render most of the time in the current time but As the PE ratio of the company is 59rs which is too high and the company is currently so much overvalued that more chances are that the prices may drop and the there would be a significant difference. for short term I analyzed the chart and it has a bearish trend which has currently a fluctuation zone (marked with yellow lines). Intraday trade can be predicted from this chart if my analysis is not wrong.
Breakout on either side can be used as anchoring point.
But the MACD chart has the EMA's which are both with the falling wedge which concludes there are more possibilities of the stock price going down.
The trade:
BULLISH
BUY after breakout of 26
Target-1: 27.30
BEARISH
Sell after breakout of 23
Target-1: 23
Target-2: 21
Please Correct me if I'm wrong somewhere. and also check out my other analyses on the profile
Bank NIfty ChartHere I've provided both possibilities for the bank-nifty going bullish or bearish with their corresponding support and resistance levels. Though the EMA is pointing bearish its more likely to go bearish. But let's see what happens on Monday (02-01-2023).
Also I'm open for any corrections or suggestions you'd like to share with me.
LT forming a head and shoulder pattern with next support too farPositional traders can take good advantage of this opportunity, as the market is slowly turning bearish due to covid crisis world wide, we might see correction in individual stocks as well, here LT has formed a head and shoulder pattern and it is currently near its neckline, a solid breakdown from that point can make it fall to around 2075 levels.
HDFC AMC : +22% Upside PotentialHDFC AMC 20 Dec 2022
In Play : HH : HL
Summary
• CMP 2290
• Clean Trendline breakout with Vol on 07 Dec 2022
• Nice consolidation above trendline
• Trading right above VP mountain
• Next Resistance 2480/2538 : Swing High LT
Conclusion
• CMP 2290
• Long position can be initiated
• Higher Targets could be around
o Short Term : 2344/2414/2487
o Mid/Long Term : 2594/2707
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat