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Muthoot | Bounced off Trendline support - Similar to ManappuramMuthoot Finance exhibit a very similar price action to Manappuram. It should be natural considering the magnitude of similarity in their business models. Like Manappuram, Muthoot has bounced off a trendline support, where we could also see a demand area i.e. around 600, which also happens to be a round number. With their nature of business involving gold and the yellow metal gaining strength every week, it should be good news for the company with improving loan to value. Stock appears bullish and we expect the stock to hit 650 sooner or later. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:MUTHOOTFINLong
by AkhilSuryaFS
price manages to jump from the support zoneThe price structure of the Vechain price has shown an upside trend from the end of the week of October 2023. It generated higher high peaks and lows until it reached the supply level at $0.0511. The VET price made three unsuccessful attempts to move past the resistance at the supply level but failed as bears pushed it toward the downward side. The VET price gradually plunged and later developed its support at $0.03300 by mid-May 2024. However, the VET price stopped plunging at a critical support level of $0.03300 for the next two months, which showed consolidation; the VET had good support at this level. But bears stepped in again and pushed past this support and now have reached the previous resistance that turned support at $0.02395 on the daily chart By June 18th, 2024. The VeChain asset displays bearish characteristics as dynamic resistance pushes it downwards, MACD below the zero line in bearish territory, and RSI below the median line. Meanwhile, this week, there is some bullishness in price as the VET price surged 2.37% and approaches slowly towards the dynamic resistance. Similarly, the MACD has generated a bullish cross, where the histogram stays at 0.00027, and the RSI flashes at 40.32, which has taken support from 14-SMA, showing recovery from oversold to overbought. Overall indicator analysis implies that the VET asset was in a bearish state, and despite all of this bearishness, the price has been showing traits of a bull run coming, based on buyer's interest. Despite all significant indicators being bearish, the support seems very strong. If buyers step in, a bull attempt could also pop out. VeChain (VET) Price Forecast! At press time, the VeChain has been trading at $0.02672 with an intraday gain of -0.49. Also, this week, some healthy performance was attained, but overall lousy performance was achieved in the last month and three months by 23.70% and 40.37%, respectively. Thus, overall price performance symbolizes that the overall trend was bearish, but this week has witnessed some optimism in price. Its circulating supply is 80.99 Billion, its market cap is 2.17 Billion, and its 24-hour trading volume on all trading platforms amounted to $44.74 Million. Therefore, if the price breaks the major support, the decline could lead towards $0.020000 and $0.015000. On the flip side, if the price manages to jump from the support zone for the upside, it could break EMAs' dynamic resistance and aim toward the upper boundary and beyond. Thus, this makes the resistances $0.033000 and $0.045000.
COINBASE:VETUSDLong
by Sam_TCR
he price manages to jump from the lower boundaryThe price structure exhibits that the VeChain price was in an upward trend from the end week of October 2023. It built higher high peaks and lows until reaching the supply level at $0.0511. The price made three unsuccessful attempts in order to surpass the resistance at the supply level but failed as bears pushed it toward the downward side. The VET price gradually plunged and later developed its support at $0.03324 by mid-May 2024. However, the VET price stopped plunging at a key support level of $0.03324, where the lower boundary of the declining wedge is also present. Thus, the VET has strong support at this level. The VeChain asset is displaying bearish characteristics as dynamic resistance is pushing it downwards, and MACD shows a bearish cross. Meanwhile, the RSI is falling smoothly towards oversold territory, implying that the VET asset is losing momentum. Despite all major indicators being bearish, the support seems very strong. If buyers intervene from the lower boundary, another attempt at an upward trend could pop out, as well. At press time, the VeChain has been trading at $0.03239 with an intraday fall of -1.59. Also, it has attained bad performance in the last week, month, and three months by -4.24%, -7.65%, and -33.91%, respectively, implying a stable downward direction. Its circulating supply is 72.71 Billion, its market cap is 2.36 Billion, and its 24-hour trading volume on all trading platforms amounted to $88.57 Million. Therefore, if the price manages to break the lower boundary of the wedge, the decline could lead towards $0.025000 and $0.020000. On the flip side, if the price manages to jump from the lower boundary for the upside, it could break the dynamic resistance of EMA's and could aim towards the upper boundary and beyond. Thus, this makes the resistances $0.045000 and $0.050000.
VLong
by Sam_TCR
Risk Management trade in Reliance.Hi there! Let's talk about this small trade in Reliance. Reliance CMP:- 2524.05 -->From 30th sep to 1st Dec Reliance has formed HH and HL and was in Uptrend . -->Since then Price is in correction and approached 0.618 Fib level of that up wave. What's in my mind? -->If we observe the price action there is an untested demand zone at this 0.618 Fib area. -->If we observe the upper 2 arrows those mentioned candles and and their volumes saying that there was some distribution happened may be reason for this correction -->If we observe the bottom arrow that mentioned red candle with high volume is a support breakdow n and may be the stop losses of previous long trades What's my point? -->Even if price continues to move down I'm expecting a pull back before that and this Idea is actually trading that pull back. -->If my analysis goes wrong and price breaches this demand area I will exit with my stop loss and enter at next demand areas with new confirmations. Entry setup: Enter Long: 2480 Stop Loss : 2425 (70 rupees per share and one can plan their risk accordingly) 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.
NSE:RELIANCELong
by Mo-Kri
1
Stock Analysis: GEM Enviro Management LimitedIntroduction: GEM Enviro Management Limited is a waste management firm that was founded in February 2013 and focuses on recycling all packaging trash, including plastic waste. Business Services: 1. EPR consulting and fulfillment for plastic waste 2. Collection and recycling of waste plastic from industry 3. Recycled product marketing and sales 4. Business Responsibility and Sustainability Reporting (BRSR) and ESG consulting Revenue Split: 82.5% goes to EPR consulting and fulfillment for plastic waste Industrial plastic waste collection and recycling: 17.5% Fundamentals: Market Cap: ₹ 340 Cr. Stock P/E: 30.1 (Ind. P/E: 34.4) 👍 ROCE: 52.5 % 👍 ROE: 38.8 % 👍 3 Years Sales Growth: 10% 3 Years Profit Growth: 25% 👍 3 Years ROE 45.4% 👍 Cons: Stock is trading at 7.00 times its book value 👎 Technicals: GEM Enviro Management Limited is a recently listed firm. It has been in a downtrend since reaching 323 levels in mid July 2024. It is trading in a strong consolidation zone between 142 and 197 levels. For any significant upside momentum, the stock has to take strong support around 20 EMA (Black Line) with a strong volume. The bullish trend can be confirmed once the 20 EMA (Black Line) traverses past 50 EMA (Orange Line) and 100 EMA (Sky Blue Line) in the weekly closing. Resistance levels: 197, 290, 323 Support levels: 142 Note: As per technical analysis, downside risk is minimum and upside potential is huge.
BSE:GEMENVIROLong
by shanmurali
The MANA Crypto shows an uptrendThe MANA Crypto shows an uptrend from the price of $0.2700 to $0.8000. However, the price failed to jump above the supply and formed support at $0.5500. This formed support at $0.5500, proved a worthy support as the price spiked from this level and is currently trading at $0.6741 with an intraday loss of -2.61%. Moreover, the price is above 20-day and 50-day dynamic support bands, MACD is above zero line at 0.0121, and RSI is at 54.49, which has taken support from the 14-SMA smoothened line. Therefore, if the price wants to go more upside, then it needs to surpass $0.8000. this would open doors for more upside potential and could invite price towards $1.00 as well. On the flip side, if the price fails the current spike and deteriorates, then the price could fall beneath the $0.5500 level.
COINBASE:MANAUSDLong
by Sam_TCR
Are Call premiums getting 'managed/manipulated' ??Are you also seeing this? Giving the call prices for 18900 Calls for Tomorrow's expiry - 9:33 AM, Nifty@18625, 18900 CE @9.1 9:44 AM, Nifty@18638, 18900 CE @9.1 10:19 AM, Nifty@18655, 18900 CE @9.1 And it's not like the time difference is so huge that time premiums dropped .. Did you notice call price remaining at the same level even though the index moved up 30 points At the time of this posting, index at 18661, 18900 CE @9 Is this a 'free market' where prices are determined by demand supply? or is this a market 'rigged' and 'managed' by big players? And how long will this keep continuing?? This may look like a rant, but ..
NSE:NIFTY
by nifty_futures_options
Bank Nifty - Risk Management / Risk Reward = 5 - Happy Bulls!06:45 Hrs 12th Aug 2018 Last Price@28125 Risk Management The calculation of risk/reward is very easy. You simply divide your net profit (the reward) by the price of your maximum risk. You notice that XYZ stock is trading at Rs100 & after doing your analysis –you are sure that it shall move to Rs140 & you can take profit of Rs40 per share. You have Rs 1000 for Investment so you go ahead & buy 10 shares of the stock using your complete investment amount (10 shares bought at Rs 100 = Total Investment =10 * 100 =Rs 1000) Let us assume stock price goes below 100 at which you bought 10 shares – will you wait for your complete investment of Rs 1000 to get wiped out then there is a serious problem because you start hoping & have a big problem that is emotions. So, I always suggest before you start trading –learn the art of controlling your emotions which is your biggest enemy in the trading world. Next step is Risk Management (Determine Ruin Point else you will become Hugo Lloris ) Going below buying price Rs100 –till what levels are you ready to hold & take the risk which you need to determine – I am sure no one in the trading community as discussed above will wait for complete investment to be wiped out if that is case keep a check on emotions –go back to square one and by chance if anyone is even ready to take the chance of complete investment as risk amount =Rs 1000- Don’t you think you should try your luck with lotteries –reason is why most are not ready to lose complete amount which happens in case of lottery is because the probability of winning millions of rupees is very less or even negligent in case of lotteries. Let us calculate Risk Reward where you are ready to lose all your investment amount = Rs1000 Risk = Rs1000 Reward = Rs40 as you expected that stock will go up above Rs100 to Rs140 where you will cash in- Total profit = Rs40 * 10 shares bought= Rs400 (Check the formula at start) Risk/Reward = 400/1000 = 0.4 – What? Are you crazy –you seriously have to check your emotions? Professional Management You have strict stop loss of 10 points – determined by you what may be the case – Do not overtrade as that is the recipe for disaster. So, now you have decided that if stock price falls to 90 & below –I shall close my position taking the loss. Here Risk = Rs10 per share Total Risk = 10*10 = Rs100 (As you bought 10 shares ) Reward = Rs40 per share Total Reward = 40*10 = Rs400 Now, Risk/Reward = 400/100 = 4 Every good investor has a stop-loss, or a price on the downside that limits their risk. As someone said take care of your losses & profit will take care of itself. Trading Strategy We have double top yet again in 28350-28375 zone - holding that zone we most likely see the correction to 27925-27950 zone - Going below 27900 for 27775-27800- Finally below 27750 for 27350-27400 If it fails to hold 27300 then we look for 26950-27000 Most Critical Level - 26050 - Our previous rally started for almost 2000 points giving us risk reward as 5 - risk of 400 points & gain of 2000 points Previous Update - Bank Nifty - Can the Bull Race Start - Injury Level 25980 What a move from 26060 to 27165 - Above 27165 -Double Top breaks Last Update - BankNifty - Up Up & Away -1100 - We forget they don't forget 27165 Would love to have your comments & Thanks for reading.
NSE:BANKNIFTYShort
by WaveTalks
3
E-Waste Management Stock:Eco Recycling LtdEco Recycling Ltd is India's premier E-waste management company providing comprehensive solutions including Reverse Logistics, Data Destruction, Information Technology Asset Disposition (ITAD), E-waste Recycling, Lamp Recycling, Precious Metal Recovery, and the implementation of Extended Producer Responsibility (EPR) and Corporate Social Responsibility (CSR) initiatives, as well as Recycling on Wheels-SmartER. You can enter if the support level 927 is retained on weekly closing. Key Points: ECORECYCLING has significantly (24%) fallen from the all-time high of 1214. It is currently trading around 927 levels. Resistance levels: 1045 Support zones: 899, 820,749 levels Pros: * Company with high TTM EPS Growth * Strong Annual EPS Growth * Increasing Net Profit and Profit Margin QoQ * Company with No Debt, Increasing Revenue for the last four Quarters, and Zero Promoter Pledge. * YoY operating profit growth with higher margins
BSE:ECORECOLong
by shanmurali