Doms at a channel support.
#Doms at a channel support. Watch the levels.
The market is fragile keep that in mind.
CMP: 2727.45
The chart shared is just for educational purposes.
Supportzones
LAMBODHARA - Price at support linePrice consolidate since January 2023 and it supports bothe resistance and support for 2 years. Currently, stock in support line with good candle formation. Only benefit in entering these type of structure is we can have stoploss below support line and target near resistance line.
Trendline bounce in Bank of BarodaNSE:BANKBARODA A trendline retracement has occurred, with EMA 44 crossing over, which indicates the stock's bullishness.
Buy at the current level with the SL at the swing low for the first target of 280 and subsequent targets by trailing.
GAIL 1D TFNSE:GAIL has been trading near the support zone for a long time and has now broken the support zone. As Nifty is in a downtrend in the 1D TF, so it is good to take short entries. But with good confirmation trade could be taken. I would wait for a retest or the new candle to brake the previous candle's low.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
JSWENERGY - Ready for next swing?JSWENERGY - Appears to have bounced back from it's recent favorite support. I see a good upside of 15-17% in the short time in this stock.
The company has been a in good up trend and has dipped for a good R:R grab of 1:1.7 RR.
Please check the fundamentals, do your own research before making a decision.
HDFC BANK - AN INVESTMENT PICK AT MOUTHWATERING VALUATION?The HDFC Bank extended decline today, after marking its biggest single-day drop since March 2020.In the last two days alone, HDFC Bank has corrected more than 12%.
This decline is fine but there's another picture to it which no one is talking about.
While there is so much panic among investors and traders but this panic can be a good investment opportunity.
There exists a curve resistance at long term charts around 1700-1720 levels which HDFC respected this time also and fell from that level.
On the other hand, If we talk about technical patterns, There is a clear Inverse Head & Shoulders pattern in making at long term charts. Such long term chart patterns don't fail most of the time.
HDFC current market price is 1500 and It is trading at a support zone of 1480-1500 & valuation is good at cmp.
Inverse Head & Shoulders pattern breakout level is 1690-1700.
Breakout of this pattern will take it to 2200 levels which is approximate 46-47% upside from current level. Incase It falls further, then It can be added more at 1450-1420-1400 levels.
This could be a great investment for long term investors.
Trident Ltd Bullish Setup | Key Support Zones in Play Trident Ltd is showing signs of a potential reversal from key support zones. The price is holding within a strong support range .
Support 1: ~35-36
Support 2: ~32-33
Target: ~41
Immediate resistance is seen around 41, which could act as a potential target area .
However, if the price breaks below both support zones, this bullish view will be invalidated.
Disclaimer: This is not financial advice. I am not SEBI registered, and this is not a buy or sell recommendation. Always do your own research.
LONG TERM INVESTMENT PICK - BANDHAN BANK - READY TO TAKE OFF ?SYMBOL - BANDHANBNK
Incorporated in 2014, Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India. The company has a PAN-India presence and offers a wide range of banking products & services and asset & liability products and services designed for micro banking and general banking.
This company is fundamentally good. having 32,800 cr. market cap, Bandhan Bank is currently trading 11 P/E.
This stock is in a downtrend since a long time. Currently trading at 200 which is a long term strong demand zone.
Long positions can be made at CMP 200 with stoploss of 170.
I believe this stock can be next multibagger & this is a great investment pick at current levels.
Targets can be 600 & 700 which is ATH & beyond.
Disclaimer - I have invested my investment allocation today. Do not consider this as buy/sell recommendation. I'm sharing my analysis & my investment position. You can track it for educational purposes. Thanks!
IOC stuck in consolidation zone & trying to take support.
Took support of small trendline.
Can go upto latest high which is near 192 in upcoming months.
After giving a breakout of 192 it can rise upto 228 as a price breakout calculation method.
All Cargo Terminals LTD 51.20, ATL - Stock to buy Stock is trading around its support level. if company gives good quarter one results we might see stock move upside.
its good buying opportunity. one can make 10 to 15 % profit in short period.
i prefer you buy on long term perspective for better return.
ROTO - RISING WEDGE BREAKOUT (POTENTIAL FOR UPSIDE)Hi All,
This is about Roto Pumps
Fundamentals:
Market Cap - 1680 Cr
Stock PE - 42.9
EPS - 12.5
ROCE - 24.4%
ROE - 22%
Promoter Holding - 67.3%
Quick Ratio - 1.35
D/E - 0.27
Technicals:
Strong chart since Nov 22. Price action was moving in the pattern of rising wedge but recently given a strong breakout on good volumes which can take the price to higher levels very soon
Demand seems to be exceeding supply & should witness less profit booking taking the stock price sharply towards north side
Hope you enjoy this idea,
Happy Trading,
Thanks,
Stock-n-Shine
RKFORGE - CLEAN BREAKOUT WITH VERY CLOSE 50/200 SMAA very positive breakout where all the moving averages converge & then expand.
1 Yr Breakout with strong sectoral tailwinds as all forging stocks doing well
Strong upsurge in Volume indicates sustained price action upside from the present levels
Supply and demand zones clearly marked in the chart with no extra indicators to cause any confusion.
SBI CARD - Support levels will save bulls & Time for Reversal ?SYMBOL - SBICARD
SBI Card & Payment Services has been in downtrend since a long time.
It is now trading at major supports levels once again.
A long position can be made at current levels for trading/investment purpose around 700-710 as risk : reward is very good at CMP.
SL can be 680.
Targets for trading purpose can be - 745 & 765.
For Investment, Targets can be - 770 - 840 & 920.
For investment purpose, I will not be surprised if it gets 2x or more from here in next 2 years.
Disclaimer - I have made long position in futures & I'm sharing my position & my analysis. This is not a buy/sell recommendation.
LTTS at Good Support NSE:LTTS This Guy Falls Almost 16.3% in Last 20 - Days Now at Support Zone ( Previous Resistance acts as Support Now ) Wait For Weekly Closing and Enter any Reversal confirmation.
NZDUSD - TIME FOR REVERSAL TRADE ?Symbol - NZDUSD
NZDUSD is currently trading at 0.59450
I'm seeing a trading opportunity on buy side.
Buying NZDUSD pair at CMP 0.59450
I will be adding more if 0.58850 comes & will hold with SL of 0.58400
Targets I'm expecting are 0.60700 - 0.61400 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Just A View - SBICARD📊 Script: SBICARD
📊 Sector: Finance
📊 Industry: Finance & Investments
Key highlights: 💡⚡
📈 Script is trading near it's support level.
📈 We may see some good rally into this stock.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 730
🟢 Target 🎯🏆 - 778
⚠️ Stoploss ☠️🚫 - 712
⚠️ 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!🥂
BAJAJ FINANCE- Consistent Compounder getting ready for comeback?SYMBOL - BAJFINANCE
Bajaj Finance is one among India's the biggest NBFCs. This stock has been a consistent compounder.
This stock is currently trading in a support zone of 6500 level. This area is a major support zone for Bajaj Finance.
This is a good time to invest in it as long term investment. This stock is a blue chip compounder stock. It has made & It will make a lot of wealth to long term investors in long run.
There is also a trading opportunity. As this stock is in a good support zone, I have made a long position in far month futures today around CMP 6555. I will add more longs if getting 6500-6450 levels. My stoploss would be below 6400 & targets would be 6880-7200 & 7420.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my investment/trading position. You can track it for educational purposes. Thanks!
CHOLAFIN 1:10 RR Trade1. Trend: Sideways to bullish
2. Set up: Reversal trade with Buy at support
3. RR: 1:10
4. SL on weekly closing basis
JUBILANT FOODWORKS - Time for a pullback recovery trade?SYMBOL - JUBLFOOD
JUBLFOOD is currently trading at an important support zone of 450-430.
CMP is 440.
I'm seeing a trading opportunity here.
I'm taking long positions in march futures & 460 CE (CMP 5.95-6) both. I will add more position if getting 432-434. My stoploss would be below 425.
I'm expecting a recovery till 470 & 485.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Long Trade in ITCITC is currently trading at support zone of 400-410 levels & It is consolidating here since 5-7 days.
I am seeing a trading opportunity here.
I am taking long position in ITC march futures at CMP 407.
I will add more position if 402-404 comes.
My stoploss would be 397.
Target would be 425.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purpose. Thanks!
Long bet on ASIANPAINT.Symbol : ASIANPAINT
Currently Trading at 2948.
Trading at a good support area.
This stock is fundamentally good and currently trading at lower valuations than usual.
Long position can be made at CMP 2948 with SL below 2900 for targets of 3140-3230 & 3500.
P.S. : I've made long positions in Feb futures today & this is not a buy/sell recommendation. I'm just sharing my analysis & my position.
Long Position in Natural GasNatural Gas has broken important support zone of 160-165 this week & now trading at 135.
Natural gas is approaching its next major support zone of 128-120
CMP is 135 & I'm opening long position in futures. I'll add more position if 125-126 comes.
SL would be below 119
Targets I'm expecting are 158 and 167 which was support zone before & now a resistance.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
