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Nifty Intraday levels 22/August/23Good Morning Traders, Yesterday Market has taken support in lower important support zone, and after that given a fruitful recovery, Well guy's until downward slopping channel did not got breakout till then we will just wander inside the descending triangle pattern. Yesterday American Market also has done good, Dow has recovered almost completely till day's end and Nasdaq given closing +1.56%. Today Asian Market looking mix to bullish. Let's see how our Market going to react in today's session. Important levels for Nifty:- #Important Support Zone 19255-19275 #Resistance Zone 19435-19455 Buy Above only 19446, if levels sustains at least for one hour. Targets we can see in upside 19522/19616+ Keep stop loss at 19385 And Sale Below only 19329, if levels sustains at least for one hour. Targets we can see in downside 19258/19196- Keep stop loss at 19385 Note:- Guy's if you see any reversal candlestick from downward slopping trendline then you can sale the nifty and same if you see reversal from support zone then do vice versa. Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:NIFTY
by TraderRahulPal
2
Huge Breakout Seen in Jubilant Foodworks Ltd || Now it will fly.Jubilant FoodWorks Limited (JFL/Company) is part of the Jubilant Bhartia Group and is one of the India’s largest food service Company. The Company holds the master franchise rights for two international brands, Domino’s Pizza and Dunkin' Donuts addressing two different food market segments. The Company also launched its first homegrown brand – Hong’s Kitchen in Chinese cuisine segment. Market Cap ₹ 34,124 Cr. Current Price ₹ 517 High / Low ₹ 652 / 412 Stock P/E 127 Book Value ₹ 30.9 Dividend Yield 0.23 % ROCE 16.0 % ROE 17.7 % Face Value ₹ 2.00 Debt ₹ 2,554 Cr. EPS ₹ 4.08 PEG Ratio 10.3 Promoter holding 41.9 % Intrinsic Value ₹ 93.4 Pledged percentage 0.63 % EVEBITDA 32.6 Jubilant Food works Ltd stock was in Accumulation zone since Mid of January. Earlier we have seen stock has corrected almost 50%. But now it has given a indication that it is ready to fly in blue sky. Now sky is the only limit for this. Off course there is many hurdles in between but as this is kind of investment stock then you should not worry about. All parameters looks promising for this ticker. Some Positive Technical Factor about this Ticker:- Price is above 200 EMA We have seen Accumulation zone breakout Good Volume Price is sustaining above breakout trendline MACD and RSI has given bullish crossover (I have not placed as i want chart neat and clean but i have analysed already) Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:JUBLFOODLong
by TraderRahulPal
27
NIfty Possible Intraday Levels 07/Aug/23Good Morning Traders, In friday session Nifty and Banknifty has formed Inverted hear and shoulder pattern, and we had captured a bullish move in that, hope everyone would have money like us. Now Global market looking mixed for today. Well we can see buying in indices and momentum can be extend towards 19650+. But we will play according to our levels only. Best buy could be 19450-19485. So accumulate there keep strict stop loss to go long. Important Levels For Nifty:- Buy above 19564, if levels got sustained at least for 30 mints. Targets we can see in upside 19640/19677+ Keep stop loss at 19438. Note:- Please accumulate as much as possible in lower range around 19450-19485,if you get the levels. Sale below 19438, if levels got sustained at least for 30 mints. Targets we can see in downside 19383/19312-- Keep stop loss at 19564. Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou .
NSE:NIFTY
by TraderRahulPal
2