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APARINDS|Can give good breakout | Keep it on watch-list/radarNSE:APARINDS Technically, on Daily Time Frame, it has made perfect rounding bottom pattern and also gave breakout of it from the level 596 where it had the neckline of it. And then it also took support from neck line level at 596 level. Now the next breakout level for this stock is at 700 level. This stock is for people who are looking for investing for short/mid term time. (1 -3 months). Please note: : This is just for educational analysis and it is not any financial/investing advise. You can keep this stock on your watch-list /radar. Better to take advise from your financial advisor before considering for any investment.
NSE:APARINDS
by Trading_hawk
2
Kabra Extrusion | Still in the range | Just keep it on RadarSTILL STUCK IN THE RANGE. NEED TO WAIT FOR THE EITHER SIDE OF THE BREAK. If it gives the breakout on the upper side on daily candle with volume then we will see upside movement and same for breakdown on the lower side. In positional trade, there will be easy 5% that one can get from this trade. Keep this on Radar. But only take the trade once it have a cross the the level on daily candle with volume on either side. Do comment your doubt or suggestion. NSE:KABRAEXTRU
NSE:KABRAEXTRU
by Trading_hawk
Phillips Carbon - Positional - a mistake I corrected Sharing a mistake I made and how I corrected it. On Weekly chart, I saw a nice rounding botton pattern and stock close to ATH with a BO candle of 26 July 2021. I also saw volume expansion on that day as well as expansion since the candle of 18 January 2021. I went long at approx. 270. Although RSI was above 60, what I failed to see was RSI High was flat. And price was making a high with flat RSI. That was my first mistake. The second mistake was my decision was based on upward slope of MA line and entry price was roughly 25% away from 30 Weekly MA. The third mistake I made was I have a rule where I add 20-25% corpus on BO with Volumes and slowly add the rest on retracement based on price action. In this case, I added 75% at one go. I also didn't see the Daily chart for entry. A lower timeframe is recommended as ideal for entry, so for someone like me who invests positionally basis Weekly charts, I should have taken cognizance of the price action on Daily. We don't know what will happen in future. Nifty 50 is on steroids and maybe price will go up or it may retrace and form a cup and handle pattern which is a better confirmation in terms of probability. At my entry price my risk was way too high to add 75% at one go (If I had added only 20-25% this would be a safe trade). And as investors and traders, we have to manage risk and protect capital. You may wonder why did I do this? It was my mind that was excited and momentarily I saw a prominent site where the stock had made the day's high. I make a conscious effort to not follow the calls given by research agencies or stock news sites. There is a reason behind this- news comes later, charts inform us earlier. I exited a part at cost and remain invested only 25% of my corpus for this stock. If stock retraces to the area of better Risk Reward zone, I will add more. Disl: This is not an investment or trading buy / sell advice. The purpose of this is educational- to share knowledge and learn from the community members. Please consult your investment advisor for any investment related advice.
PEducation
by culturalDealer79974
3
KABRA EXTRUSION | STILL STUCK IN THE RANGE | NSE:KABRAEXTRU STILL STUCK IN THE RANGE. NEED TO WAIT FOR THE EITHER SIDE OF THE BREAK. If it gives the breakout on the upper side on daily candle with volume then we will see upside movement and same for breakdown on the lower side. In positional trade, there will be easy 5% that one can get from this trade. Keep this on Radar. But only take the trade once it have a cross the the level on daily candle with volume on either side. Do comment if you have any doubt or suggestion.
NSE:KABRAEXTRU
by Trading_hawk
Elgi Equipments ELGIEQUIP - Positional Trading I have based my analysis on Stan Weinstein's framework on Weekly chart where price structure, 30 weekly MA, volume and relative strength (not RSI) play a role in analysing the trend. Personally, I like stocks near ATH because it tells me that prior resistance has been broken. It is important for me to select stocks that have strong relative strength against a particular index such as Nifty Infra in this case (Elgi makes compressors and they are capital goods for industry) or Nifty 500 the broader market. The area where price is moving up (marked with a green upward arrow) is defined as Stage 2 structure according to Stan Weinstein. After this, we see a Stage 3 structure marked with a black box. During Stage 3 structure, price is rangebound and this period can be for many weeks or months. Remember, this is where we lose TIME. And for traders (and also Investors), TIME is important. I have marked a breakout candle (in orange) and that is where I like to enter provided I see confirmation on volumes (marked with orange in the volume histogram). Stan Weinstein says Positional Traders should ride the trend and exit stocks only when they start trading below the 30 weekly MA. He further says not to buy in LH LL structure because there is no way one can tell how far or how long can the fall be. See for yourself how often stock stays lower. The breakout candle of 10 August 2020 is of importance. Note the volume expansion. Also note that retracement is till the mid point of the 10 August 2020 candle and stock does not fall anymore. The candles of 9 November 2020 and 7 December 2020 are also very important. The latter breaks prior pre-pandemic resistance. Around this time the Relative Strength of the stock starts outperforming against the broader market i.e. Nifty 500. Analysis is easy on hindsight. What would I do if I were to take a buy call now? I will go long only when I see a breakout candle (marked in orange) confirmed by Volumes. Because Nifty is near ATH and in Stage 3 structure, there are two things that might happen. It may again start a new Stage 2 structure or form a Stage 4 structure which is start falling from the box. Hence in a market like this, I would shift to the Daily chart, add a 50 Daily MA and if the stock breaches 50DMA and goes lower, I will exit 50% of my holding. And if it breaches the nearest swing low, I will exit completely- the candle of 27 May 2021 on Daily chart. This is a variation from Stan Weinstein's framework. Disclaimer- This is not an investment or trading buy/sell advice. The purpose is to share knowledge and learn from the community. I am not invested in the stock as on date.
NSE:ELGIEQUIPEducation
by culturalDealer79974
2
Oriental Aromatics - Positional TradingI have based my analysis primarily on Stan Weinstein's methodology with some variations. Price structure, 30 Weekly MA, Relative Strength and Volume are key elements of Stan Weinstein's framework. I have added the Delivery percentage (not to be confused with Delivery Volumes) of last two days and the average of the previous week and RSI indicator to get a further confirmation of momentum. The timeframe that I have referred to is Weekly which is suitable for slightly longer duration of trading or even investment. The advantage is analysis can be done post market hours and the weekly timeframe ensures lower price whipsaws. Entry strategy- Once the conditions are met on Weekly timeframe, I stagger my entry to 20-25% at the breakout weekly candle and then enter the balance 75% on retracement. Stan Weinstein advises staying with trend so long as the upward trend continues and 30WMA is not breached. Since Nifty 50 is near ATH, I do a slight modification for Exit- if stock decisively closes below 50 DMA, I exit 50% and if it breaches the nearest swing low, I make a total exit. It is important to protect capital and hence risk management is key to grow account size. About the company- Oriental Aromatics is engaged in the Business of manufacturing Fine chemicals i.e. camphor, perfumery & specialty aroma chemicals, fragrances and flavours. Company is one of only ten completely integrated flavour, fragrance and aroma chemical manufacturing companies in the world. Source: Screener.in CMP INR 925 RoE 20.2 Debt 0.14 Equity Capital INR 16 CR PAT INR 114 CR Promoter Holding 74% 5 year Sales CAGR 15% 5 year PAT CAGR 36% Operating Margin 22% Disclosure: Not an investment or trading buy/sell advice. This is for learning purposes and exchange of knowledge. Figures mentioned above rounded off.
NSE:OALLong
by culturalDealer79974