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Orient Paper & Industries LTD - Double Digit + Just a View📊 Script: ORIENTPPR (ORIENT PAPER & INDUSTRIES LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 📊 Sector: Commodities - Forest Materials 📊 Industry: Paper & Paper Products Key highlights: 💡⚡ 📈 Script is trading near at its support level which is around 30 which was previously working as resistance level. 📈 script may bounce back from its support level keep an eye on it. 📈 if it start moving upward first target will be 35 , Always maintain your Risk & Reward Ratio. ⏱️ C.M.P 📑💰- 31 🟢 Target 🎯🏆 - 35 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy Navaratri 🕉️ 💃🏻🕺🏻 Happy learning with trading. Cheers!🥂
NSE:ORIENTPPRLong
by radha_23
1
Affordable Gold during Festive SeasonThangamayil Jewellery Ltd Gold Chart is looking weak as attached below and I'm assuming that Gold would get even cheaper in days to come. Hence, I believe with this festive season being majorly Covid free, people may want to celebrate extravagantly after the low key past couple of years. The only drawback here is that Pledged percentage is 14.8 % Promoter holding 66.7 % Market Cap 1,810 Cr. Stock P/E 27.8 Industry P/E 37.1 Dividend Yield 0.76 % ROCE 11.5 % Face Value 10 Debt to equity 1
NSE:THANGAMAYLLong
by CannySunny
NIFTY METAL - Just a viewKey highlights: 💡⚡ 📊 Currently CNXMETAL trading at level 6027 and 6019 is its support level which is also cup & handle neckline which may work as support line. 📊 If it is breaking support level one can go for SHORT into METAL sector. IF SUPPORT LEVEL IS BREAK THEN ONLY GO FOR SHORT TRADE. ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy Navaratri 🕉️ 💃🏻🕺🏻 Happy learning with trading. Cheers!🥂
C
by radha_23
Britannia traps the BEARS !Britannia has formed a beautiful bear trap and gives a perfect entry opportunity on above average volume taking support from the base of its triangle pattern. Target can be taken as the height of the triangle. Stop loss below the bear candle Psychology behind the bear trap:On the break of the support, many people would short the market in hopes of it falling lower but as buying pressure took control, all these sellers are trapped on the bull side and have to cover their loss and additional buying will contribute to the upward push of price
NSE:BRITANNIA
by Krish_Kohal
Resonance speciality: Range bound supportBSE:RESONANCE Range-bound trading strategies involve connecting reaction highs and lows with horizontal trendlines to identify areas of support and resistance. The strength, or reliability, of the trendline as an area of support or resistance depends on the number of times the price has reacted to it. For example, if the price has moved lower off of the resistance trendline five or four times, it's considered more reliable than if the price only moved off of it two times. A trading range occurs when a security trades between consistent high and low prices for a period of time. The top of a security’s trading range often provides price resistance, while the bottom of the trading range typically offers price support. Traders capitalize on range-bound trading by repeatedly buying at the support trendline and selling at the resistance trendline until the security breaks out from a price channel. The idea is that the price is more likely to rebound from these levels than break through them, which puts the risk-to-reward ratio in their favor, although it's important to always watch for a potential breakout or breakdown. Entry: after trendline breakout Target: upper range. Stoploss: Support Confuluence to enter: Trading around support indicates cheap entry at current market price which will be confirmed after trendline breakout
BSE:RESONANCELong
by FalgunPrajapatiTrading
NIFTY IT - Just a view Key highlights: 💡⚡ 📊 Currently NIFTYIT may take support of level 28663 which was previously working as resistance. 📊 If it is breaking support level one can go for SHORT into IT sector. 📊 Example : MPHASIS & COFORGE for SHORT. IF SUPPORT LEVEL IS BREAK THEN ONLY GO FOR SHORT TRADE. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:CNXIT
by radha_23