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)....
Amar Raja Battery forms Inverse H&S pattern and also has trendline BO. There is major resistance at 769 (200 EMA) Now today it was reverted from this levels so It confirm the Inverse H&S pattern with return move.
It can long near 740 add more if come 724 for target 800-820 soon
Here I am sharing weekly analysis of Sun Tv ltd. Buy from current levels and put stop loss below the trend line & trail stop loss with trend line. Expected target 850 in next 1 year. One can allocate 5% to 10% of trading/investing portfolio as per your risk profile.
RELIANCE has broken a trendline and got
rejected by the first resistance, now it has
reached it's trendline to retest, There's a possibility
that it will reach the resistance level in order to break it
2150 i.e- resist zone can be the first target
SHREE CEMENT has given a breakout
and now t is at a support level, we can consider it
as a retest, it's not necessary that it should touch
the trend in order to make new high's,
there's a high probability that it'll bounce back from here
"given markets are positive"
The first target should be 29500, we can hold it even further,
but have to have enough patience
This is a positional trade idea where I have applied the principles of Stan Weinstein of price structure, volume, relative strength and 30 weekly moving average. This form of trading needs some patience and is suitable for those who may not have the time to watch charts each day.
Sector Structure- The first step is to watch the sectoral index i.e. Nifty Metal...
Trent is a Tata Group share and one of the leading players in the branded retail industry in India. West Side, Zudio, Star Grocery & fresh Food and Landmark are its top brands. it has given a good breakout on the weekly chart. Keep a check on Trent.
If the market opens flat between 15793 to 15800 go for long
The first target would be 15815, 15842, and 15894.
Trade accordingly in a 5 Min. time frame.
SGX looking flat and bullish!
Keep in mind, major writers are sat on the Call side. so don't be greedy, Book your profit timely and again take entry on the pullback.
All analysis is for educational purposes.
JSW ENERGY is on a constant uptrend also contributing to the rise of the Energy sector. On 13 Jun, 2021 it was trading in a tight range and this consolidation can give a very good upmove with an intraday target of 167 on Monday 14 Jun, 2021 with very good weekly swing targets and long term profits as well if you are keeping it as a holding in your...