Time to Buy/Bottomfish #cochinship ?At this juncture cochin Shipyard offers good RR. From a deep price and Time correction, the stock formed a base and broke out of it and showing signs of reversal. A potential stage 2.
The reasons for going long are as follows.
-Stage 2 Breakout
-Formed Double Bottom in DTF
-Narrow Range candles with Dry Volume
- Channel Breakout.
Keep In mind:
- Volumes need to improve.
-Expect Shakeouts.
Tweak the SL as per your risk appetite. Like I mentioned in the beginning, if this is a reversal then the reward will be high.
As always- Please study the chart and do your due diligence. And please do not trade on any tips. Enter only if you understand the company, the chart and the price.
#StocksInFocus
Stageanalysis
Dhani aiming for a stage 2??#Dhani
After a long downtrend, started the uptrend and is now at a 2-year resistance forming CNH. If broken out then this could be a potential stage 2 candidate.
Keep on the radar as a positional pick. SL is very deep so position the size accordingly and manage the risk.
The chart shared is just to notify you of this setup and is not a buy-sell recommendation.
Bombay dyeing stage 2 continuation breakoutBombay dyeing stage 2 continuation breakout
Entry 242-250
SL 217.9
Only for journaling, not a trading/investing tip.
This post is for my personal use.
Note : only for learning, not a trading recommendation. i am posting as a trading journal for learning before and after breakout.
CLEAN SCIENCE - About to enter Stage-2 after big Accumulation ? The analysis is done on Weekly TF.
The purpose of sharing this analysis is to make viewers understand the stage concept
Legendary Trader - Stan Weinstein has introduced this concept of Stage analysis of a stock.
A stock goes through 4 stages in its lifetime and the cycle repeats.
Check below charts to understand the concept and results better -
1) CAMS -
2) GUJGASLTD -
The stock - CLEAN SCIENCE has been in accumulation phase for more than 570 days and now seems to be coming out of its stage-1 and entering into Stage-2
A stock moves fastest in its stage-2 and hence a stock entering stage-2 should always be on our radar for opportunities if we want to make good money.
This concept of Stage analysis has been used by many traders/investors like Mark Minervini and others.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
IEX - entering Stage-2 after long accumulation- trade/investmentThe analysis is done on Weekly TF.
The purpose of sharing this analysis is to make viewers understand the stage concept
Legendary Trader - Stan Weinstein has introduced this concept of Stage analysis of a stock.
A stock goes through 4 stages in its lifetime and the cycle repeats.
The stock has been in accumulation phase for past 2 years almost and now seems to be coming out of its stage-1 and entering into Stage-2
A stock moves fastest in its stage-2 and hence a stock entering stage-2 should always be on our radar for opportunities if we want to make good money.
This concept of Stage analysis has been used by many traders/investors like Mark Minervini and others.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
GUJGASLTD - Entering Stage-2 with strong candle - Stage analysisThe analysis is done on Weekly TF.
The purpose of sharing this analysis is to make viewers understand the stage concept
Legendary Trader - Stan Weinstein has introduced this concept of Stage analysis of a stock.
A stock goes through 4 stages in its lifetime and the cycle repeats.
Here you can see how the chart first started off from stage-1 phase and gave a strong rally in stage-2 thereafter cooling off in stage-2 (distribution phase) and finally falling in decline phase.
Again the stock has been in accumulation phase for past 25-28 months and now seems to be coming out of its stage-1 and entering into Stage-2
A stock moves fastest in its stage-2 and hence a stock entering stage-2 should always be on our radar for opportunities if we want to make good money.
This concept of Stage analysis has been used by many traders/investors like Mark Minervini and others.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
BANKINDIA - huge potential - swing trade + investmentThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself.
Price has come out of stage-1 accumulation. one can notice the high volume activity as well in recent months. Now it has been giving pullbacks as per market conditions and seems to be ready for further upside (refer zoomed in chart)
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
MOL - 2 Years Downtrend / 1 year consolidation BreakoutMeghmani Organics Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Downtrend since (May, 2022) & In a Consolidation since (January, 2023) . Now It has given a consolidation / downtrend breakout & Closed with good bullish momentum in Weekly Time Frame.
3) The stock will find it's next resistance around the price 112.75 (13.75%) from the price 99.15.
4) Recommendation - Strong Buy
📈Liberty Shoes Ltd - Potential Breakout OpportunityHello fellow traders and investors,
I'd like to highlight an intriguing stock that has caught my attention - Liberty Shoes Ltd . This company has been consolidating for an extended period, and it appears to be setting up for a potentially exciting move. Here's what you should know:
🔒 Long-Term Consolidation :
Liberty Shoes Ltd has been in a prolonged consolidation phase, displaying remarkable resilience during this period. Such extended consolidations often precede significant price movements, and patience can be rewarded in these situations.
🔄 VCP Base Formation:
What's particularly intriguing is the formation of a Volatility Contraction Pattern (VCP) base. The VCP is a technical pattern characterized by a gradual tightening of price volatility. It signifies a period of accumulation and preparation for a potential breakout. This pattern is favored by some of the most successful investors and traders.
🚀 Potential for Range Breakout:
With a VCP base in place, Liberty Shoes Ltd might be gearing up for a range breakout. A breakout from this consolidation phase could result in a substantial price move. This could be a game-changer for those seeking to capitalize on such setups.
💼 Significant Returns (6-12 Months):
While nothing is certain in the market, the technical setup on Liberty Shoes Ltd suggests the potential for significant returns over the next 6-12 months if a successful breakout occurs. Keep in mind that market conditions can change, so regular monitoring is essential.
🚦 Risk Management is Key:
As always, it's crucial to manage risk effectively. While the setup is promising, it's wise to diversify your portfolio and allocate an appropriate portion to this trade. Remember that all investments carry inherent risks, and past performance is not indicative of future results.
Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Conduct your own research, assess your risk tolerance, and consult with a financial advisor if necessary before making investment decisions.(only for educational purposes)
What are your thoughts on Liberty Shoes Ltd? Do you see the potential in this VCP setup? Share your insights below, and let's discuss this exciting opportunity! 🚀📊👞