BitcoinBigger Picture:-
Supply & Demand Zones are marked on the chart.
Supply Zone in Red.
Demand Zone in Green.
If Breakout above 49000 - Target 62500 - Stoploss 45000
If Breakdown below 44500 - Target 31500 - Stoploss 48500
Some Volume is seen in Buying.
However good volume is required for Breakout to sustain.
Reversal area is market with a yellow line.
Rounding Bottom can be seen as Blue shaded area.
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. We are not SEBI registered.
Happy Trading :-)
Search in ideas for "PAPER TRADING"
Den Networks LimitedTechnical Analysis:-
- Stock All time low near 25.
- Stock reversed from 25 making a double bottom.
- High Volume seen in the Stock in past few months.
- Major Support Zone is 46 to 56.
- 4th time the stock is near Resistance Trendline.
- Breakout Above 70 is possible with this high volume.
- Support at 56-46-25
- Resistance at 100-190-240
Fundamental Analysis:-
Market Cap ₹ 2,968 Cr (A Small Cap - Scope of Rise)
Stock P/E 11.4
Industry PE 56.1 (Stock PE is Below Industry PE - Scope of Rise)
Current Price ₹ 62.2
Book Value ₹ 69.0 (Stock Below its Book Value)
Graham Number ₹ 93.6 (Stock Below its Graham Number)
ROCE 2.97 %
ROE 6.01 %
Promoter holding 74.9 % (Good Promoter Holding - Shows Promoters faith in the Company)
Pledged promoter 0 % (No Promoter Pledged - Positive Sign)
Debt 7 Years Ago ₹ 854 Cr.
Debt 5 Years Ago ₹ 530 Cr.
Debt 3 Years Ago ₹ 213 Cr.
Debt in 2023 ₹ 26.6 Cr.
- Continuously Reducing Debt from Last 7 Years.
- Debt is too less as compare to Market Capital.
- Now Its Debt Free Company.
- It has Largest Subscriber Base amongst all cable players in India.
- A Subsidiary of Reliance Industries - holds 75% stake in the company as of Financial Year 2023.
Levels:-
Buy @ 56-60
Accumulate More from 56 to 46
Positional Target - 100.
Long Term Targets - 190 & 240.
Stoploss 40.
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Happy Trading :-)
JUBLFOOD CUP AND HANDLE BREAKOUTcmp 508
buy for 525
if closed above 525 closing basis positional breakout will be triggered...
for 540--555--570--582
stoploss-- 480 closing basis..
cash traders support zone 480---470
cash target 555--600
Disclaimer:
I am not a SEBI Registered analyst...!!
Charts are made only for study purpose and paper trading... !!
Nifty on Weekly Chart :)Nifty on Weekly Chart :)
Nifty on Weekly Chart showing upward movement in present candle 🕯️ and for next week Candle 🕯️ maximum movement may be 21264 this week and 21497 may be till 18 Dec 2023. This study is based on weekly registration channel.
Only for educational purpose.
Don't trade with this idea without your own study.
Do these levels on paper trading.
Or trade with STOPLOSS 🛑. ☠️
#Happy_Learning_Trading_Earning
Wishing you Happy Christmas 🎄🎁🎄🎁 in advance.
Rajesh Exports RAJESH EXPORTS:-
Incorporated in 1989, Rajesh Exports Ltd is a manufacturer of Gold and Gold Products.
Fundamental Analysis:-
Overview:-
- Company is a gold refiner, manufacturer and exporter of Gold products.
- Only company in the world with presence across the entire value chain of Gold from refining to retailing, processing 35% of gold produced in the world.
- Design portfolio of 29000 active jewelry designs, selling them in wholesale and retail channels.
Products:-
- Hand Made Plain Gold Jewelry, Hand Made Studded Gold Jewelry, Casted Jewelry, Machine Chains, Machine Bangles, Pipe Jewelry, Hollow Jewelry, Antique Jewelry, Chains, Necklaces, Bangles, Bracelets, Finger Rings, Ear Rings, etc.
Retailing:-
- Sells gold and diamond jewelry through its retail chain stores of brand name SHUBH Jewelers. - 80 jewelry showrooms in Karnataka.
Subsidiaries:-
- 100% subsidiary REL Singapore PTE which has further step down subsidiaries Valcambi SA, Switzerland & Bab Al Ryan, UAE.
Acquisition of Valcambi:-
- Acquired Valcambi in 2015 for $400 million.
- World's largest gold refinery & largest gold producer at the time of acquisition.
Manufacturing Capacity:-
a) Company has 2 refining facilities. Valcambi at Switzerland with a capacity to refine 2400 tons of precious metals and another facility in Uttarakhand with a capacity to refine ~400 tons of precious metals
b) Company has setup various manufacturing facilities with the main facilities being at Bangalore, Cochin and at Dubai. They have a combined capacity to manufacture ~350 tons of gold jewelry and gold products per annum.
Exports:-
- Company is the only government recognized five star export house in the jewelry sector.
- Exports to 60+ countries.
- Gold bars produced by Valcambi are exported to major bullion banks across the world.
- Gold Jewelry is exported to white label manufacturers and wholesalers across the world.
Market Cap ₹ 10,561 Cr approx.
Debt ₹ 627 Cr.
(As compare to Market Cap debt is too less).
Current Price ₹ 358.
High 1030 and Low 334.
(So it's near it's low now).
Book Value ₹ 516
Graham Number₹ 670
(Below it's Book Value and Graham number so expected to rise).
Dividend Yield 0 %
ROCE10.3 %
ROE10.5 %
(No Dividend but ROCE and ROE is ok).
Promoter holding 54%
Pledged percentage 0 %
(It show faith of promotor's in the comapny).
Technical Analysis:-
Monthly Chart
- Below 200 EMA on Monthly timeframe.
- Its Below 200 EMA on three timeframes - Daily/weekly/Monthly.
- Daily RSI near 36, Weekly RSI near 25, Monthly RSI near 34 (All three RSI near Oversold Zone).
Weekly Chart
- Below 200 EMA on Weekly timeframe.
- RSI making double bottom (marked with skyblue line).
- Price is on trendline Support (yellow Trendline).
Daily Chart
- Below 200 EMA on Daily timeframe.
- On Daily chart RSI has made triple bottom marked as 1-2-3.
- Took support 4th time 2 RSI trendline (Yellow Colour Trendline).
- Price taking support near 334 (marked with yellow horizontal line).
- If we compare Price yellow horizontal line and RSI yellow trendline its Bullish Divergence.
- RSI is facing resistance for the 4th time now (Pink Resistance trendline) may give a Breakout.
Keep RAJESH EXPORTS on radar its Fundamentally Ok company and technically if it breaks above support/resistance Zone of 418 to 446.
and Retest this as support zone.
BUY above 420 to 445 after retest.
TARGETS are 558 - 657 - 747 -852 - 976.
Stoploss will be 310.
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. We are not SEBI registered.
Happy Trading :-)
SBICARD (Simple but Strong Price Action)SBICARD on weekly Chart showing simple but Strong Price Action.
RSI approaching 30 (Oversold Zone).
Its near Major Support Zone of 650 to 712 - already bounced up 6 times from this zone.
Wait for RSI trendline Resistance Breakout Marked with Red line for Breakout Trade.
Also wait for Channel Upper Trendline Breakout marked in red for Breakout Trade.
For Support Zone based trade keep accumulating between 650 to 712 with Stoploss 618.
Resistance Zones will act as Targrets.
Swing Target 765.
Positional Targets 835-855-945-970.
Long Term Target 1150 to 1300.
So are you ready for 7th Bounce up & Breakout ?
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. We are not SEBI registered.
Happy Trading :-)
Bank Nifty Future Weekly Levels - 20.11 to 24.11 - T. Marcos Presenting the BANK NIFTY 30NOVFUT LEVELS for the week commencing from 20.11.23 to 24.11.23 .
Anticipated BANK NIFTY 30NOVFUT trading ranges suggest the upper limit around 44618 and the lower limit around 42812. The potential weekly movement on either side is 903 Points from the trigger point, namely 43215.
Weekly Long Positional Levels:
Initiate a buy position at 44208
Target 1: 44273.05, Target 2: 44618
Consider adding an additional position at 44101
Standard Stoploss: 44143
Positional Stoploss: 44980
Weekly Short Positional Levels:
Initiate a sell position at 43995
Target 1: 43156, Target 2: 42812
Standard Stoploss: 43929
Positional Stoploss: 44230
Prefer follow-up trade in the trend direction. May refer daily analysis to intact in the position.
If you find merit in these insights, connect with me on social media or instant messengers! Your support is highly appreciated.
Note: This analysis is intended for educational purposes; contemplate paper trading based on the suggested levels. I am not a SEBI registered analyst.
NIfty Future Weekly Prediction - 20.11 to 24.11 - Trading MarcosTrading Marcos is presenting the Nifty November Future Weekly Analysis for the week commencing from 20.11.23 to 24.11.23
Anticipated Nifty future trading ranges suggest the upper limit around 20271 and the lower limit around 19340. The potential weekly movement on either side is 435 points from the trigger point, namely 19806.
Weekly Long Positional Levels:
Initiate a buy position at 19757
Target 1: 20093, Target 2: 20270
Consider adding an additional position at 19701
Positional Stoploss: 19615
Weekly Short Positional Levels:
Initiate a sell position at 19645
Target 1: 19519, Target 2: 19342
Positional Stoploss: 19787
If you find merit in these insights, connect with me on social media or instant messengers! Your support is highly appreciated.
Note: This analysis is intended for educational purposes; contemplate paper trading based on the suggested levels. I am not a SEBI registered analyst.
VEDL detail analysisVEDL is overall in Bearish Trend on higher timeframe.
See the below chart for EMA and RSI correlation.
EMA:-
- Its below Daily 200 EMA (White Line).
- Its below Weekly 200 EMA (Green Line).
- Both these Daily & Weekly EMA's may now act as Resistance.
- So i am expecting price to again reverse downside from 256 level.
- Price is above Monthly 200 EMA (Red Line).
- I am expecting price to fall back to this Red line and reverse from here @185-190 level (Support Based Trade).
- Expecting an upside only if its breakout above 256 and retest 256 level as support (Breakout Trade).
RSI:-
- Daily RSI (White Line) bounced from oversold zone (RSI 30) and now above 65+ level.
- Weekly RSI (Green Line) bounced from oversold zone (RSI 30) and now near 46+ level.
- Monthy RSI (Red Line) bounced from support (RSI 40) and now near 45+ level.
- So overall if i see Daily RSI may reverse from 70+, Weekly & Monthly RSI may reverse from 50.
- Now correlate that price rising from current price to 256 may lead to Daily RSI hitting 70 and Weekly & Monthly RSI hitting 50. A good setup for reversal downside. So 256 may act as Resistance and Major Breakout level.
TRACK 1 - shows the Breakout trade above (Skyblue Track).
TRACK 2 - shows the Support Based trade near 185-190 (Yellow Track).
Support & Resistance:-
- Major support level is at 209-210 from where VEDL price has bounced back.
- Supertrend Red colour line shows resistance at 256-257 level.
- Resistance Levels are 246 - 282 - 317 - 357 - 397 - 440.
- Support Levels are 232 - 209 - 187.
- Red Trendline Resistance marked is the make or break for price.
- If successfull Breakout above this Red Trendline with retest done and volume supporting Breakout (Buy).
- If rejection from this Red Trendline the price may fall to 185-190 Support zone (Buy).
So as per my analysis:-
It took support from major support level.
But if you correlate it rose and fall back again and again from resistance (in downtrend).
as per my analysis its a limited bounce and expected to fall back again.
Wait for Breakout or fall to Monthly 200 EMA for long posn or accumulation.
For Positional or Long Term
Buy 185-190
Stoploss 158
Targets 242 - 282 - 317 - 357 - 397 - 440.
For Swing
Buy above 249 or above 257
Stoploss 228
Targets 270 - 282 - 317.
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. We are not SEBI registered.
Happy Trading :-)
Reliance IndustriesReliance Industries analysis shown on Weekly Chart:-
- Reliance Industries is trading below RSI 30 on Daily Timeframe.
- Its below 200 EMA on Daily Timeframe.
- Its expected to bounce back either from RSI 40 or RSI 30 on weekly timeframe.
Four Major Support levels for Reliance on weekly chart are as follows:-
- Support 1 @ 2100 (Qty 25%)- Its a Trendline Support (White Trendline) & Horizontal support.
- Support 2 @ 2000 (Qty 25%)- Its a 200 EMA Support (Red line) & Horizontal support.
- Support 3 @ 1850 (Qty 50%)- Its a Supertrend line Support (Green line) & Horizontal support.
- Support 4 @ 1670 to 1650 - Its a Major Horizontal support, Keep Stoploss at 1650.
Resistance marked with Red Horizontal lines may work as Targets:-
- Swing & Positional Target 1 @ 2400
- Swing & Positional Target 2 @ 2565
- Reliance Industries is a Nifty 50 stock with strong Fundamentals with long Term targets of 3500 & 4000.
This idea is for Educational purpose and paper trading only. please consult your financial advisor before investing or making any position.
Happy Trading :-)
PEL BREAKOUT CAN BE DONEPEL
cmp 1057
everytime bouncing from trendline support
sl below 1020
tgt 1070--1090--1100
above 1100 closing tgt 1200 intact
short if close below trendline....
with minimum sl I will update...
for 1000---950
Regards....
Keshav...
25/08/2023
Disclaimer:
I am not a SEBI Registered analyst...!!
Charts are made only for study purpose and paper trading... !!
M&M INVERTED H&S PATTERNINVERSE HEAD AND SHOULDER PATTERN IN M&M
cmp 1591
any close above 1600 will be considered at pattern breakout for...
1625 / 1650 / 1675 / 1700
Sl can be 1580 closing basis
---------------------------------------------MAJOR RESISTANCE 1600-------------------------------------------
if could not sustain above 1600 one can short for
1575 / 1550 / 1525 / 1500
Sl can be 1620 closing basis
Regards..
Keshav..
02/09/2023
Disclaimer:
I am not a SEBI Registered analyst...!!
Charts are made only for study purpose and paper trading... !!
ASIAN PAINTS BULLISH HARMONICScmp 3260
triggerd bullish harmonics at 3185 levels
and moved till 3265....
SHORT TERM-- Fresh positions above 3265
for tgt 3300--3315---3330
sl 3215 closing basis
POSITIONAL---- can buy at cmp ...
adding levels--3215--3185---3150
tgt 3300---3330---3370---3450
sl 3100 closing basis...
personally I think Diwali is nearby.....so it can gain good momentum...
Regards....
Keshav..
27/08/2023
Disclaimer:
I am not a SEBI Registered analyst...!!
Charts are made only for study purpose and paper trading... !!
GUJARAT GAS <GUJGAS> VIEWScmp 456
PURE POSITIONAL VIEW
major support range 450---440
FALLING WEDGE PATTERN
major resistance range 470---480
closing above 480 can do 500--515---530
closing below 440 can test MONTHLY SUPPORT RANGE 400---415
short below 440 for 415 -410 only and then make long position there
can buy at cmp 456 also with short term sl 440 closing basis for 470--480
fresh breakout ABOVE DAILY CLOSING of 470--480 levels..
Regards....
Keshav
24/08/2023
Disclaimer:
I am not a SEBI Registered analyst...!!
Charts are made only for study purpose and paper trading... !!
Critical Fibonacci retracement Critical Fibonacci retracement may happen in coming trading seasons. Retracement. May touch 0.5 fib levels or bit higher then may move towards 21000.
Just for paper trading and for educational purpose only.
Trading involves heavy risk , so trade with stop loss and manage risk.
AUROPHARA BULLISH HARMONICScmp 828
currentl BEARISH harmovics reversal triggered at 882
and from there made low of 825
now in smaller time frame there is a possibility of bullish reversal from 815--816
tgt 822--834--842--850
sl 803 closing basis
Regards...
Keshav..
27/08/2023
Disclaimer:
I am not a SEBI Registered analyst...!!
Charts are made only for study purpose and paper trading... !!
Banknifty Analysis 28 Jul 2023Banknifty took support near 45250.
Its taking support at trendline on daily timeframe.
If daily candle close below this orange trendline it may become Bearish and more fall may come.
After taking support at orange trendline and support zone market with 2 white lines.
Tgts upside are 45650-45900-46200.
Keep SL 45180.
These are my personal views and I may be wrong. These are only for Educational and Paper Trading purpose only. Please analyse yourself also and consult your financial advisor before investing.