BUY ICICIGI for the TP 1400 with the SL of 1200BUY ICICIGI for the TP 1400 with the SL of 1200
please follow risk management and take this trade if the risk/reward ratio fits for you.
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Nse
Shorting opportunity in nifty!!When the price comes back to supply area (17724) good for a short trade with an SL of 17774
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.
Will a correction happen in ITC at least now ?ITC broke the trend line with high volumes.
*It has been in uptrend without a proper correction for uite a long time.
For Intraday can short ITC @cmp:327 - 328 with a Stop loss of 332.
If the trade goes in our way Targets will be
*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.
For Swing can short ITC @cmp:327 - 328 with a Stop loss of 335 (Fib extension resistance area).
Nifty for upcoming weeks (Broad view)Nifty has been beating around the bush near the 17500-18000 level. Here we can see that nifty can sustain for a longer period of time if it wants to go higher than or even near to ATH(18600). But there's a downside level too i.e., 17350 and there has to be a tight range that nifty has to follow for a sustained period of time.
If 17350 breaks and nifty gave a closing below this crucial level then we can expect more downside.
Happy Trading :)
Disc: Chart posted only for learning purpose.
Potential Multi-Decade Breakout NSE:CELEBRITY
Celebrity Fashions Limited is engaged in manufacture of all types of textile garments and clothing accessories. The Company also has its own national menswear brand.
TTM EPS: 1.79
TTM PE: 11.62
Sector PE: 46.08
Book Value Per Share: 1.68
P/B: 12.39
Face Value: 10
Mkt Cap (Rs. Cr.): 107
Some Positives:
High Piotroski Score - Companies with strong financials
Rising Net Cash Flow and Cash from Operating activity
Company with high TTM EPS Growth
Strong Annual EPS Growth
New 52 Week High
High growth and High Return on Equity (ROE) with Low PE ratio
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
Stock gained more than 20% in one month
Strong Momentum: Price above short, medium and long term moving averages
Some Positives:
Decline in Net Profit with falling Profit Margin (QoQ)
Declining Revenue every quarter for the past 2 quarters
Companies with High Promoter Pledge
My Opinion: Mcap of the company is very low for my liking but fundamentally the company is doing good with Piotroski Score 8. Usually when such multi-year breakouts take place the returns are significantly high. In couple of years this stock can even touch 100 possibly. Invest at your own risk.
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
MANYAVAR - Perfect Rounding Bottom NSE:MANYAVAR
Vedant Fashions is engaged in manufacturing, trading, and sale of readymade ethnic wear for men, women and kids primarily in India.
PE Ratio: 182.32
PB Ratio: 22.20
Sector PE: 1,245.48
Sector PB: 6.10
Sector Div Yld: 0.51%
Some Positives:
Growth in Net Profit with increasing Profit Margin (QoQ)
Company with Low Debt
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
Near 52 Week High
Some Negatives:
Companies with growing costs YoY for long term projects
Inefficient use of capital to generate profits - RoCE declining in the last 2 years
Inefficient use of assets to generate profits - ROA declining in the last 2 years
Declining Net Cash Flow : Companies not able to generate net cash
My Opinion: The low liquidity is my only big concern. Otherwise the rounding bottom pattern is screaming BUY.
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
HUL - What is the chart saying? NSE:HINDUNILVR
HUL has corrected from its highs and these levels present a good opportunity to buy.
HUL to 3000 ? Quite Possible.
Can HUL repeat what Adani Wilmar has done(More than double in short term) ? No.
Should you invest aggressively at this point? No but keeping adding on dips.
Can it fall from these level? Yes, it can but that will only give buying opportunity and my opinion will be to buy near the support zone .
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
Asahi India Cup and Handle PatternThe stock can be bought on retest. It is expected to make new highs. The height of the cup is above 50%. We can safely take a target of at lest 25-30% upside from these levels. The momentum of the stock is currently bullish on all time frames, on basis of daily, weekly and monthly RSI. However, the stock shall be bought only on a bullish confirmation. There have been two dojis since the breakout. We should ensure this is not a fake breakout. Keep track.
SEQUENT : Add to WatchlistSEQUENT is underperforming for some time - looks like things are changing after tested bottom levels around 80.
Crossing 120.95 levels - we should see good upside momentum on this -- add to watchlist.
14-07-2022 --- 101.4 Cross WK Piv Downside Close above 20 SMA on Daily time frame M/W RSI <40. & Daily RSI 40<>60:
20-07-2022 --- 119.05 Close crossed W-SMA-13 Upside
27-07-2022 --- 117.95 Normal NR7 - Inside Candle
28-07-2022 --- 116.95
29-07-2022 --- 127.75 Crossing 4-week High Close above 20 SMA on Daily and Weekly time frame W trend Change to +ve and Monthly trend is -ve Price Crossed Upside 50-SMA Monthly Normal NR7 - Breakout
11-08-2022 --- 104.1 ADX - 33.2 - DIPlus 18.9 - DiMinus- 29.4* Trend Ch - 2D Bk Close Below 20 SMA on Daily/Weekly/Monthly time frame Close crossed W-SMA-13 Downside RSI- Monthly:40.5 Weekly:39.5 Daily:37.5
17-08-2022 --- 113.5 Cross WK Piv Upside
18-08-2022 --- 112.15 Today's volume is the lowest in one month Cross WK Piv Downside
19-08-2022 --- 110 Daily VWMA crossed Weekly VWMA - Upside today
24-08-2022 --- 117.35 Cross M Piv upside Close crossed W-SMA-13 Upside RSI- Monthly:42.5 Weekly:46.1 Daily:53.4 -- Clear indication of increase on all time frames
Just for information sharing.
Breakout after 6 yearsAbout the company
NIFTY IT index & other stocks from Mid-cap & large-cap has shown a tremendous performance, where OFSS being a strong financial company has underperformed. [i ]
Chart analysis
This is the monthly chart of OFSS, the stock is in the consolidation zone for years & now has given a breakout from its 2015 high with record volumes.
As per Fibonacci extension, the next target for the stock is near 6000 level, which is also similar to the range where the stock was consolidating.
How to trade
Fresh position can be initiated from the current level. As this is a monthly chart, a bigger stop loss should be considered & the time horizon should be month to year.
Target 1: 5200
Target 2: 6000
SL: Ideal SL should be closing below the recent polarity level.
NSE:OFSS
#DELTACORP Buy for short-term @207Dltacorp making good price action pattern in daily time frame,
This stock making (CUP & HANDL)pattern near key lavel of 207 and today break this lavel after consolidation near resistance zhone.stock cross the lavel with good volume and give the break out,
also stock get the support a 20 EMA in daily time frame thats mean a up trand is helthy in this stock
my lavela for entry and target
BUY = 207-209
TARGET = 220,230,242
STOP LOSS = 200