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TAMILNADU PETROPRODUCTS LTD. ( EDUCATIONAL PURPOSE ONLY) There is no guarantee in stock market and Nothing over week Always Invest or trade according to your loss bearing capacity STOCK TO WATCH FOR EDUCATIONAL PURPOSE ONLY Tamilnadu Petroproducts Ltd. with target of RS 128 CMP IS RS 118.65 STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR @ RS 100 Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis are for your information and educational purposes only and it does not constitute any recommendation to buy or sell any stock or index. Use your own wisdom. M B PANDEY Student of Share Market since 2015 B.Sc. (MATHS & PHYSICS) Disclaimer: I AM NOT SEBI REGISTERED
NSE:TNPETROShort
by vinayaka79
TATA CONSUMER : CUP & HANDLE BreakoutTrading Strategy : Stock has given a breakout of the formation of cup and handle. One should buy the stock near the current level i.e. 790 and keeping a stop loss of 750 , look for the target of 825 which is immediate target, later on can see the targets of 850 and 900. Buy: 790 Stop loss : 750 Targets: Tgt 1: 825 Tgt 2: 850 Tgt 3: 900 Theory: The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential. Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case. Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory. Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup. Volume: There should be a substantial increase in volume on the breakout above the handle's resistance. Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
NSE:TATACONSUMLong
by TradingSutra
4
HDFC: Inverse H&S BreakoutInverse Head and Shoulders This pattern forms after an extensive downside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bear rally in which the volumes are quite large. At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head. The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies. Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern. However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern. After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above. The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline. TRADING STRATEGY: Buy near 2450 zone with SL of 2230 and look for the target of 2650/2800-2850 zone.
HLong
by TradingSutra
3
Expecting a Bullish Move in JK PAPERAs per the 2 Hour Chart of JK PAPER, we have witnessed a Formation of a “Morning Star” Pattern on the downside levels. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 228.20, 232.25, and 235.55. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 218.05, on closing basis. Closing Price (as on 08.03.22) : 223.10 Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
NSE:JKPAPERLong
by alokdaiya
Metropolis - Attractive Risk Reward OpportunityMetropolis is a sophisticated and well spread brand in itself. It has corrected almost 45% from its high of 3500+. It is trading near its life time support trend line that is coming at around 1700. Stock was trading at 1800 levels today and it maintained its level at that price. However, with strong selling pressure in overall market, Metropolis may also take hit and may go down to around 1700 levels, but, as for now it is an attractive opportunity for the investors who can buy in 4-5 or more parts. Important cautious price range would be 1680-1650 from where it may again try to bounce back. Those who consider it as a quality company and can invest their time and study on this, it is good for them. I am not a SEBI registered analyst or advisor and whatever studies I am putting upon this platform are just for study perusal of readers and my own documentation of my studies. Please note that I am not a very long term investor and I keep changing my position as per time and price, so I may or may not be holding the suggested stocks at any given point of time.
NSE:METROPOLISLong
by TechnoFunda_Investor
Graphite India - Positive Technical moveGraphite India is among top 5 Graphite manufacturers globally. It enjoys good easy demand and that it is expected to continue enjoying the same. With climate control steps being increasingly taken by manufacturing countries, use of Graphite is expected to grow consistently, as graphite oriented metal processing creates far less hazardous gases. Technicals: On Weekly Chart, Graphite India is giving three positive indicators M pattern break out from trough region, positive RSI divergence and Inside Bar Breakout. Cautious level to be seen on this counter is at around 400, otherwise it is a kind of buy on dips as its financials have also started improving hugely. I am not a SEBI registered analyst and this is just an educational purpose study for own perusal. Please note that, out of all the studies that I am giving, I may or may not be holding positions at any given time, because I am not a long term investor.
NSE:GRAPHITELong
by TechnoFunda_Investor
JublinGreavea - Possible investment gemJublin Greavea is a demerged company of Jubilant Life sciences, is one of the well managed chemical manufactruing business. Key Fundamentals: 1. Business products are diversified 2. Manfacturing plants are located in 3 different States of Inda, so manufacturing does not get affected in case of any emergency in specific State 3. Sales demography is also well diversified with 40% exports, 40% domestic and 20% to exporters 4. Revenue is further more diversified among customer base, with only 20% among Top 10 clients 5. Many expansion plans already on table 6. Outstanding growth in revenue and profit YOY FY21 to TTM FY22 Technically, It is currently trading at 61.8% retracement price of life time uptrend. Key Support prices: 440 and 370 Key Resistances: 509, 570, 630 It can be looked as a potential multi bagger while keeping eyes over it quarterly performances and any impactful triggers. I am not a SEBI Registered Investment advisor and this is only for self study for the readers. I may or may not be holding shares that I put on platforms for reference of study for readers.
NSE:JUBLINGREALong
by TechnoFunda_Investor
Long Term Investment Prospects - Balaji Amines (Tech+Funda)Balaji Amines is backed by a strong management team which aspires to be the largest manufacturer of every chemical they produce. With the aim, currently it is undergoing continuous capex and that is why see lower profit margins. However, with an increasing capacity, profits are still growing almost every quarter (though with lower margin!). Notably, this time Balaji Amines beaten the margins of a profit margin master competitor Alkyl Amines as well. Balamines is facing adversity by industry sell off and not a company level performance problem. With a disciplined execution of management agenda, company seems to have passed over raw material price hikes well in time and that is why it continued enjoying stably high opm of 28% (compared to 18% of Alkyl). Technical indicators: 1. When drawn almost a life-time Fibonacci, it seems to be hovering between 50-61.8% levels and consolidating positively 2. When drawn Fibonacci from life time high to the low of down trend, it seems to have returned twice from 38.2% and now, taking support again at around 3100 level 3. After falling to the bottom of the downtrend, stock is consolidating in bigger range, but with positive RSI divergence every time. That is an indicator of healthy accumulation in the counter 4. If it again respects the support level at around 3100-3000, then it will become a stronger psychological support zone and hence investing at these levels is most favorable risk reward level for investing Resistances: 3230, 3390, 3450. 3740 SL: 2800 Disc.: This is not a buy recommendation. This is just for study purpose and I am not a SEBI registered advisor. I may be holding in all or any of the studies presented by me.
NSE:BALAMINESLong
by TechnoFunda_Investor
Divis Lab - Fundamental + Technical Positive (Multiple Triggers)Divis Labs corrected corrected fairly after almost a continuous rally of about 40% in say 6 months. After making a peak at 5389, it corrected nearly 30%. Now, it seems to have consolidated well and is in good shape to resume its bull run going further. Points working in favor: 1. Fundamentals are improving pretty good 2. Double Bottom with positive RSI Divergence 3. Price action is strong on weekly chart as well Key Resistance points/Target points: 1. 4689 2. 4769 3. 4890 4. 5016 (Fresh strong rally possible after this stage on closing basis) Key Support level/stop loss: 4300
NSE:DIVISLABLong
by TechnoFunda_Investor
1