Sensex
HUGE Weekly CUP and handle formation on the DXY chartThe DXY chart shows the value of the Dollar against all assets, it is said that if the value of the dollar goes up the value of assets goes down and vice versa.
If this plays out we can expect some red days around all assets.
I hope it doesn't play out, else 2022 will be a bear market.
SHORT-TERM BULLISH in RENUKA SUGARS !!!#MONDAY>
<#SHORT-TERM>
NSE:RENUKA
{
Why SHREE RENUKA ???
VOLUME during this month is comparatively higher than past 4-5 years volume...(On Monthly candles);
its net profit has been increased drastically from quarters to quarters;
good news is being seen sugar industries;
it's earnings is going to be announced next month (May 28);
Be careful It's a PENNY STOCK;
}
{
BUY: Renuka sugars
Trigger price;-"60-62";
TARGET:-72++;
SL:-55;
The above provided levels are provided based on our RISK-MANAGEMENT !!!
}
} HAPPY TRADING
{
Follow for More exciting trades.. @VK2413
Show your ❤️by 👍to the idea..
Please express your response by comment..
}
Banknifty 19th April 2022 - Intraday Trade Analysis
Today, Banknifty opened gap down around 600 points and in the last hour it forms some green candles and close near 36700.
Flat opening - If it moves up and go near 36900 and 37000 will look for selling on any negative price action. Sell on 5 min red candle with high of the candle will be SL and target will be 1:2.
Gap up - Wait for negative price action near 37000. Will look for sell
Gap down - 36500 will act as support so will wait for some retracement before selling.
Thanks
Reiterating Buy Call on Deepak Fertilizer🤩💸🔥Buy Deepak Fertilizers & Petrochemicals Corp. for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡Market Position:
1) 2nd largest manufacturer of Nitric Acid in South East Asia & the largest in India.
2) Leading manufacturer and marketer of Isopropyl Alcohol ( IPA )(market share of 65% in FY 2019-20.) The only producer & merchant of IPA in India.
3) Only manufacturer of NP prill 24:24:0 fertiliser & TAN solids in India.
4) Largest manufacturer of Bentonite Sulphur in India.
5) Market leader in speciality and water-soluble fertilisers in India.
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✔️ Technically & Fundamentally Strong💪💪
The company recently posted an Amazing Q3 Result.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share 😄😄😄
NIFTY at critical juncture - Breaking out of Strong ResistanceNifty has been in a correction for roughly 6 months and now it’s breaking out of the falling channel which coincidently intersects a Strong Resistance at the breakout point.
The significance of a Support & Resistance line increases when the price reverses at the same point multiple times.
This Resistance line on the chart is strengthened at multiple points during this correction (TouchPoints marked on the chart).
The cherry on the cake is that the breakout has not taken the price too far away from the resistance line. We may get a good risk/reward ratio if it sustains above the line.
If the price sustains above 17670, it will continue higher with the nearest resistance at 17800 which can act as a target in a smaller timeframe. The next target at 18350 on a higher timeframe.
The chart may actually form Doji’s or Spinning tops because the Resistance is too strong, and also it is the upper line of the falling channel.
Indicators are flashing green with strong RSI and MACD in positive territory.
One should wait for confirmation of breakout above 17670 before going long. If it fails to sustain above the resistance and forms a bearish candle, it can be a good trade opportunity for sellers.
Disclaimer:
This is not buy/sell advice. Please do your due diligence before making any trading decision or consult your financial advisor.
Sharing my analysis and thoughts for a stronger and healthier community. Cheers
Lemon Tree Hotels ready for the uptrend!🤩💸🔥Buy Lemon Tree Hotels for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡Expansion Plans:
The company has planned projects which will increase the number of hotels by 22 and the number of beds by 2,200. The projects are expected to complete by 2022 which will bring the company's network to 100+ hotels and 10,000+ beds in operations.
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✔️ Technically & Fundamentally Strong💪💪
Good QoQ & YoY Q3 result.
.
💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy Right, Sit Tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share 😄😄😄
KEI Industries ready for the uptrend!🤩💸🔥Buy KEI Industries for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
.
💡Structurally positive on KEI for the longer term given:
1) Increased Infra, Industrial, Railways, Housing & Solar activity
2) Wide product portfolio
3) Amongst very few players having EHV cable capabilities
4) Sustained momentum in dealer network sales (41% of 9M sales, up 850bps)
5) Tapping into rising export opportunities.
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💡Future Outlook:
KEI expects the recovery to continue through Tier 2, Tier 3 cities. Distribution expansion will propel growth in the retail segment.
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✔️ Technically & Fundamentally Strong💪💪
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share 😄😄😄
JK Lakshmi Cement ready for the uptrend!🤩💸🔥Buy JK Lakshmi Cement for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
.
💡Capacity expansion to take care of growth:
JKLC’s subsidiary, UCWL’s capacity expansion of 2.5MT with a CAPEX of Rs16bn is planned to be commissioned by end of FY24. The funding for the expansion will be through Debt-Equity (70%:30%) and the subsidiary will raise equity through equity infusion from JKLC. The company will spend ~Rs.2bn in FY22 and ~Rs.10bn in FY23. JKLC’s current gross debt stands at Rs.10.78bn & Net debt at Rs.4.14bn (reduced from Rs.21bn in FY17). Debt repayment scheduled for FY22 is ~Rs.330cr.
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💡Valuation & Outlook:
The demand outlook is positive given GoI’s strong focus on infra & Housing. The expansion of 2.5MT will support future growth.
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✔️ Technically & Fundamentally Strong💪💪
.
💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share 😄😄😄
NOCIL ready for the uptrend!🤩💸🔥Buy NOCIL for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
.
💡Key drivers for future price-performance:
1) The management guided for debottlenecking of its existing unit in the near term, even as it evaluates its plans for the next three-to-five years. Specialized products constitute 25% of total revenue; with limited room for expansion (the industry standard is 12%).
2) The Indian Tyre industry is expected to grow by 15-17% in volume terms in FY22. Domestic Tyre companies are planning to ramp up production, with a planned Capex of INR200b over the next three years.
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✔️ Technically & Fundamentally Strong💪💪
Best Q3 result.
.
💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share 😄😄😄
Jindal Steel & Power ready for the uptrend!🤩💸🔥Buy Jindal Steel & Power for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
.
✔️ Technically & Fundamentally Strong💪💪
.
💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share 😄😄😄
Cyient ready for the uptrend!🤩💸🔥Buy Cyient for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
.
💡Key triggers for future price-performance:
1) Improving outlook on aerospace vertical.
2) Improved demand from large deals, healthy order book, rebound in DLM business and organisation restructuring to accelerate growth.
3) Margins to improve led by improved revenue growth and SG&A rationalisation
.
✔️ Technically & Fundamentally Strong💪💪
.
💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share 😄😄😄
VIP Industries ready for the uptrend!🤩💸🔥Buy VIP Industries for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
.
💡Key triggers for future price-performance:
1) Strong manufacturing capabilities in Bangladesh (for soft luggage) gives VIP an edge over its peers who depend mainly on imports.
2) Given the company’s healthy balance sheet (net debt-free), we expect VIP to be able to manage effectively amid the challenging environment
.
✔️ Technically & Fundamentally Strong💪💪
Good QoQ & YoY Q3 result.
.
💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share 😄😄😄
Adani Wilmar ready for the uptrend!🤩💸🔥Buy Adani Wilmar for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
.
✔️ Technically & Fundamentally Strong💪💪
Best Q3 result.
.
💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share 😄😄😄
Nifty 50 Analysis for the coming weekExplained in chart. A downtrend is in play. Best explanations are the simple one. Not the complex wave patterns which everyone seems to be running behind nowadays.
I'm open for disscussion and comments.
Thank you!
*It is not a investment advice but a analysis on which you can make your decisions for investment or trading. All the best*
Greaves Cotton ready for the uptrend!🤩💸🔥Buy Greaves Cotton for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
.
💡Key triggers for future price-performance:
1) Transformation strategy to increase E-mobility and new-initiatives business share to drive long term growth and help transform and de-risk its business.
2) Consolidation of manufacturing operations into Megasites to bring higher operational efficiencies and reduced fixed costs in the long run.
.
✔️ Technically & Fundamentally Strong💪💪
The company recently posted a Good Q3 Result.
.
💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share 😄😄😄