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EXPECTING AN UPRISE OF 8.11% IN DFMFOODSAs per the 2 Hour Chart of DFM FOODS, we can see a beautiful Formation of "Bullish Engulfing" on the chart. Therefore, we are expecting a bullish momentum in DFMFOODS in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 304, 313.6, and 320. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 290.30, on closing basis. Closing Price (as on 22.12.21) : 296 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.
DLong
by alokdaiya
Morning Mantra, 22nd December 2021Good Morning! Just as we had stated about the favourability of witnessing a closing of above 16600. Similarly, we had experienced it yesterday itself that taking a support of 16600, Nifty had beautifully taken a bounce back therefrom, and had made a high of 16936.40 approx. But on the other hand, unfortunately even after spending almost the entire day above the level 16800, Nifty was unable to sustain above 16800 and as a result it gave us a closing of below 16800, i.e., around 16770.85 approx. Well for Today, the formation of a beautiful Hammer pattern on the hourly chart, indicates a hope for some optimism in the Market. Yet in support of that, we need to witness a strong and stable closing of above 16800 and 16960 respectively. So, as of now we will be considering 16960 to be a crucial level of resistance for Nifty. Also, keep your calm and patience until this crucial Month of Entire December. In addition to which, we are still in support of our suggestion to go for some Cherry Picking strategies, instead of being too aggressive, as of now. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
The IRCTC Incident - Who would pay for the MTM Shortfall?The IRCTC Incident - Who would pay for the MTM Shortfall? Yesterday I was one of those who could use the 30% free fall in the share prices of IRCTC and added a few shares that are now available at an affordable price per share thanks to the share split done by the company. The split was done with the good intention of enabling more participation from the retail traders/investors and that is what happened as I could buy those shares at 700. The media is now full of articles trying to explain why was there a fall and why the convenience fee is important, etc. However, no one is asking the question - who would fund the intraday Marked To Market losses that SEBI now mandates FNO traders to top up? A few months ago it was Tata Motors whose share prices tanked big time when they announced semi-conductor shortage-related constraints, and then recently it was the turn of TCS, whose share prices were hammered post results and now IRCTC just because of a circular!! I am wondering if the watchdog of the capital markets is indeed watching this? And if so, what it proposes to do to protect the interests of the genuine #traders and #Investors? Consider this -- The IRCTC Nov 21 Future contract close price on 28-10 was 911 Lot size = 1625 IRCTC Futures low for 29-10 = 651 Difference = 260 Max MTM Loss = 422,500 per lot EOD price = 846 Difference = 65 Max MTM Loss = 105,625 per lot Who is going to fund this shortfall? Should the traders/investors be penalized for such unexpected shortfalls? Who will answer these questions is my question to SEBI? I hope industry leaders like Nithin Kamath, Motilal Oswal, and the like would help retail traders/investors get some answers. I was lucky not have been a part of FNO trade in the scrip as so far I am not familiar with its intraday price action. However, I am keen to know if any of the readers of this post were caught on the wrong foot or on the right foot? Your views/experiences would help spread awareness and awaken the regulators to work for the benefit of the retail traders/investors. Thank you! Umesh 30-10-21
NSE:IRCTC
by AVENUESOFINVESTMENT
2
A SYMMETRICAL TRIANGLE TRAP VARIATIONTriangles are one of the best continuation patterns. They are normally seen in the middle of a trend as the price halts and rebuild energy to resume in the direction of prevailing trend. In this particular variation shown on the chart, the price breaks against the trend. It would look like as if the pattern is about to fail but the breakdown ends up in a trap. It traps most short sellers on the wrong side of the market at 6. The price then shoots up with strong momentum leaving no choice for the short sellers than to cover their positions. So instead of only breakout buyers at 7, the variation will also trigger buy orders of trapped short traders. Due to large number of buy orders at 7 the price shoots up pretty fast without any major pullbacks. Its always good to keep such a strong weapons in your quiver and strike whenever the opportunity knocks. It needs to be pointed here that the pattern will lose its worth as the price drifts closer to the Apex. As a rule of thumb, If the price is beyond 3/4th the length of the triangle, as shown on the chart, the pattern should be traded with caution. If the price has drifted up to the Apex, then ignore the pattern and move on to a next one. The target for the triangle should be the height of the triangle from 1 to 2. This length measured above 7 will give us the target. Ex. If the distance between 1 to 2 is 50 points and the breakout 7 happens at say 550, then target will be 550+50 = 600 (just an example). This is a conservative approach. Some trades would like to hold it and trail their stop loss until they get stopped out. It all depends upon one's trading style. I hope the post would catch your interest. Do like and comment for more educational ideas in future. Regards JJSingh
NSE:NIFTYEducation
by Bravetotrade
2
CHR(chromia Inverted Head an shoulders)CHR on 1 day TF has formed a Inverted Head and shoulder with multiple shoulders giving a higher probability of a big bullish momentum. Target 1 is given and we will keep target 2 open as experts believe CHR can fetch up to 140% in short term. Buy only after neckline breakout. RSI is also above 60 and MACD has given a crossover(weak crossover, but still there is a crossover ). Taking these 3 indications its safe to buy the crypto after breakout.
Long
by neerajmali25
FINOLEX CABLES : BUILDING FOR UPMOVE. NSE:FINCABLES An ascending triangle is forming on FINCABLES It may act as short term bullish reversal as if it breaks the high of the peak, It's unable to break it in the previous 4 attempts and the range is getting narrow, has strong resistance at 430 level for almost a year. Wait for breakout then enter. Always define risk in prior. For educational purpose Not a Trade Advice or Recommendation. Do your analysis or Consult your Advisor.
NSE:FINCABLESLong
by SANJAYPATIDAR_
what type of trader🕵️‍♀️ are you ?✨SCALPING TRADER :> The main advantage of scalping is the ability to gain profit from small price changes within the shortest time frame possible, which is often amplified by a larger position size. This is an intra-day type of trading which means that positions are closed before the end of the trading day or session ✨DAY TRADER :> A day trader buys and subsequently sells financial instruments within the same trading day, which means all the positions that he creates are closed on the same trading day. Due to the short-term nature of day trading, there is less risk involved in it as there’s no risk of something happening overnight to cause a big loss. ✨SWING TRADER :> Swing Trading is a strategy that focuses on taking smaller gains in short term trends and cutting losses quicker. The gains might be smaller, but done consistently over time they can compound into excellent annual returns. Swing Trading positions are usually held a few days to a couple of weeks, but can be held longer. disclaimer - personal view
Education
by sankhyainvestments
18