HAPPSTMNDS offering good RRHAPPIEST MINDS
Chart Structure:
- Stock is in a continuous uptrend.
- Stock took a breather of 13% after a 58% up-move.
- Currently stock is consolidating at a 10% range.
Volume:
- Stock trended up with huge volume activity.
- During consolidation around 40 lac shares were delivered from 23-29 July. All days delivery is above average.
- On 20th August, there was a delivery of 7.30 lac shares
- By looking at Volume bars, the supply looks exhausted.
Relative Strength:
- Stock is outperforming both its sector (NiftyIT) & Nifty50 in 1W, 1M, 3M & 6M
- Stock is also outperforming Midcap Index.
- Spread Chart breakout happened today.
Financials:
- In Q1, sales grew by 11% QoQ & 30% YoY
- PBT growth was -2% QoQ & 46% YoY
- PAT growth stood at -5% QoQ & -29% YoY
Other Positive Highlights:
- At CMP, the stock is offering excellent RR.
- Given the sectoral tailwind, the stock is also expected to perform well.
Good stock to study & keep an eye upon.
Riskreward
Contra Trade ZEEBuy ZEE Future At 174-175
SL Will be 170.
Target - 184.
Tarde is contra trade after a big fall Zee will again test his Bollinger band middle band.
After making a new Low today zee is closing higher which shows buying Interest is emerging in zee.
Which indicated a bounce back.
Wait for the confirmation and buy tomorrow.
If closes above 170 today then only consider this trade active.
It's a short-term swing trade.
Do share your views and comments below.
UPLBreakout after good consolidation keep this stock under the radar.
Buy stock today if closing above 782.
SL below 772 on a closing basis.
Targets will be resistance level T1- 843/ T2- 855.
Socks showing good movement today near supports.
Spinning bottom Trend reversal candle near support and today's green candle showing buying interest.
Volume needs to confirm the trend here. Keep watching........
IRFC Bullish 1 DayIRFC can come in Bullish Trend.
Patterns Formed in 1 Day Chart
An inverted Head and Shoulder Pattern is formed.
A Triangle Pattern is Formed in a 1 Dayly chart.
Morning Star Pattern in 1 Dayly Chart
Pattern Formed in 1 Week Chart
A Triangle Pattern is Formed in a 1 Weekly chart.
Prices
CMP: - 23.80 rs
Dayly Target Price: - 25.2 - 26 rs
Weekly Target - 26rs + ( If breakout in Weekly Triangle )
Stop Loss: - 22.80 rs
#IRFC #indianRailway
Marico BuyStock after the retracement can bounce back from this support area. Buy around 515-520 With SL Below 513 on a closing basis.
Targets will be 540 and 555 Great Risk to reward ratio for this trade and the FMCG sector can perform from here after a bit of retracement. Breakout from this level is needed RSI-based strategy.
Candle confirmation today buy if closes in green candle today bullish harami pattern is forming on the daily chart. Support and resistance trading
You can visit my ID for similar charts shared priorly and see results.
VINATIORGA Long above 2000 for target of 2300 in short term.Features on chart :-
1. Channel pattern breakout coming.
2. Flag and pole pattern.
3. Volume contraction.
4. Price contraction.
A trade above 2000(after breakout) will give a high probability trade with risk reward of more than 1:5.
Follow for more such ideas.
CHOLA FINANCIAL - FAVOURABLE RRThe stock has been moving in a range and recently tested the support line.
However has closed above the resistance with good volumes (the long green candle which was formed on 2nd Aug and the candle on 5th Aug gave double confirmation). Seems ready to take on the second resistance line. Converging moving averages are also a positive sign with shorter moving average crossing the longer ones from below.
Ripe for a swing trade.
S.L: 510-520
Target: 580 -585
GLAND offers good R:R positionallyChart Structure:
- In consolidation after Darvas Breakout.
- Stock in continuous uptrend.
- Price has retraced almost 33% of its up move.
Relative Strength:
- RS is strong and in uptrend.
- No Flip-Flop stock.
Volume Activity:
- Good Delivery volume in past few days
- 20 MFs Increased & 10 MFs decreased their positions in June.
Financial Performance:
- Company posted good Q1 results.
- QoQ Sales increased by 29.98%
- QoQ Profits increased by 34.64%
LICHSGFIN at its Critial Point..!!This is at critical point. touching the support line. Best RR possible from here.
It is currently trading at PE of just 8, Once the LIC IPO will come in news this stock might boom till 800..!!
This is currently lagging behind just due to weak Banking & Financial Sector.
Keep this in your watch list..!!
Disclosure: I'm already invested. (Invest as per your risk cover) :)
15% in RAMCOSYS but risk is big 👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
Possible good trade in NTPC - Technical Analysis👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 2000 Followers 🔥🔥
🔥 Self-explained chart
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
Is India Nippon Electricals Ltd must have Watchlist stock ?Breakout with good Volume after consilidation, All Higher Time Frames are Positive,15% Away from 52 Weeks High & 42% Away from 52 Weeks Low.
-> Enter With good confirmation.
*******Knowledge Purpose only********
--->> Visit my Ideas Page for Daily Stock Analysis and check my previous stock analysis performance. I usually prefer Swing & Intraday Trades with Good Breakout confirmations and Best Risk Reward Stocks.
LICHSGFIN | Double bottom with RSI divergence 8% to 15% (2H TF)LICHSGFIN | Double bottom with RSI divergence (W pattern) for 8% to 15%
(2 Hours time frame)
CMP : 466 (Dip : 459)
SL : 450
Target : 506, 535
Almost 1:4+ risk reward setup
This is a small seperate trade, old weekly chart is still good for long time. Consider this as a seperate new trade
Quess Corp - 3yr H&S Breakout RetestThe stock broke out of 4yr S/R zone which also happens to be the neckline of the 3yr H&S patterns. If we look at the daily chart, it tested the breakout zone once, and is coming back for another retest. This time the selling volume is slightly higher, but the good thing is, it's decreasing as it approaches the breakout zone, plus there's 20VWMA 1-2% below the breakout zone. Very good risk reward play. Let's see how it fares.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on a daily close basis.
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Possible UP move with Good RR ratio !Dear traders, as you can clearly see that canfinhome is making a symmetrical triangle pattern. But main thing we should notice here is that the support line is more strong as it has tested more no. of times than the resistance line. Also look at volume bars, During red days the volume is generally low as compared to big green volume bars on green days. Buyers are little bit stronger here in my opinion. Although Symmetrical triangle can give breakout on both sides but in my opinion if market supports this analysis ,it can be a good buy as risk to reward ratio is best here, Risk being very minimum. Note that this analysis was done by me only for educational purpose, Feel free to share your views/feedbacks.