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Trendcontinuation

BankBaroda - Bull Trend Continuation with ConfluenceNSE:BANKBARODA What is Confluence trade ? Confluence trade more than one technical analysis methods give the same trade signal. It includes the technical indicator as well with the combination of Patterns, Price action and other charting tools. Originally, the term confluence is used to describe a geographic point where two or more rivers come together to form a single body of water. Traders are using this logic to describe the confluence of multiple trading signals. BankBaroda weekly chart have a confluence of indicator with support in Candlestick chart as follow: 1. RSI = on Head and Shoulder neckline. 2. RSI above 50 indicates bulls are in power. 3. Simple Moving Average : 20 and 200 moving average creating Golden Cross 4. BankBaroda back on Trendline again indicates Support at 90.00 5. BankBaroda above both moving average 6. BankBaroda back on trendline with confirmation of Bullish Price action. 7. Trend continuation can be seen from Price action chart. 8. Trendline breakout at 66 (buy entry with stop loss 63 ) . Trade : Buy for Long term - Bullish continuation Entry : 92.5 Today 25 January 2022. Stop loss: 89.00 Target for long term : 100 - 107 - 110 - 120 - 140 - 180 ++++++++ Note : All the trade I initiate do not have stop loss more than 4%
NSE:BANKBARODALong
by FalgunPrajapatiTrading
2
TATA COFFEE - Near all time highHello all, Day before yesterday I posted a chart of rise in prices of coffee futures (I have attached the link below). One direct beneficiary of that is TATA COFFEE. The chart also speaks the same. The Stock broke a multi year resistance point after a cup formation(A). Made a new high(B), gave a price correction and is now trading very close to ATH level (C). A position can be made in this but the only problem is that the stop loss would have to be a bit deep (around 200) while the upside target is around 285. If you wish to enter it, then size your position accordingly. Do leave a comment if you have any doubt/suggestion/advice for me:) Happy Trading!
TLong
by Ankit_Oberoi
2
IRCTC - Fundamentals and TechnicalsHi there, Let’s consider a few facts and figures of IRCTC: Fundamentals: 1. The company is already in midcap with Market Cap of Rs.30,527 Cr. 2. Company has a good return on equity (ROE) track record: 3 Years ROE 33.62%. 3. Company has been maintaining a healthy dividend payout of 52.41 4. ROCE - 62.8% and ROE - 44.1%, which is very very impressive. 5. Company is Completely DEBT free with 0 debt in balance sheet. 6. Topline and bottom line both very impressive, constantly growing except last year and that is because of covid issues, lockdown impacted many businesses. 7. Monopolistic business model. Technicals: 1. Long term chart is in Uptrend. 2. Currently trading at 1894 which is above 50, 100 and 200 Days Moving Average (DMA). 3. Volume has increased substantially since Dec 20 (as indicated by arrows at the bottom), this shows that huge accumulation is going on. Considering all the points mentioned above, it’s a very wise decision to invest in this stock from long term perspective. This should be one of your portfolio stock. Old Buy - HOLD tight and enjoy the ride :) Fresh Buy - At CMP The stock will easily double and triple from here, all you need is a little patience. Remember: Never invest more than 5% of your capital in any single stock. Please get in touch in case of any question or concern. Happy Investing, thanks!
NSE:IRCTCLong
by ShareMarketSchool
2