Coffeeday Enterprises seems to be in the 5th of C wave. Wave 4 is already complete and price in its 5th wave has already breached above wave 3. As per the guidelines the price is likely to reach in the range of 95-105 by the end of wave 5.
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
Investing in Coffee Day Enterprises with a long-term perspective seems promising, especially considering several positive indicators. Here's an analysis based on the provided information:
1. Debt Reduction: The company's initiative to reduce debt is a positive sign, as it indicates a focus on strengthening financial health and improving long-term...
On Weekly Time Frame :
We can clearly see - the stock is trading above most of the moving averages - and moving towards an uptrend.
Also, we can see that Buy pressure is above the Sell pressure
On Daily Time Frame :
Add to watchlist -- we may see a good upside to 80+ levels in a short period.
NSE:COFFEEDAY After a good amount of fall has created a falling wedge which is a Bullish pattern and the price has just tested a Trap Zone, hence expecting it to go up to 41.15.
stock give resistance level breakout
also support with down trend line
you can see a kind of triangle formation on daily chart in stock
looking good for swing trade here
also book value is 152 and stock running at 41 now
it also expected to give good quarter result
I think the correction is over and Coffee now about to get HOT.
Target is (70 to 87 short tern) (117 to 140 mid term) (200 and on & on long term)
No Buy or Sell recommendations. Just for study purpose.
Entry range: 55.5 - 57
Target 1 : 67
Target 2 : 80
SL : 53.5 (Closing Basis)
-- Price forming round bottom after breaking out from the base
-- Clear increase in volumes near base breakout
NSE:COFFEEDAY
Chart is self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
Coffeeday is likely to move up in short term. There is a strong resistance at 73 when it meets the strongest 8/1 descending resistance line in the first week of November '22. The strongest support for the scrip is formed due to the ascending 1/8 support line at 41.40 by 15th September '22.
