DIAMONDYD looks strong at current levels.DIAMONDYD - The stock recently witnessed a sharp displacement move and has since been consolidating in a tight range near the highs, which is generally a positive sign. During this consolidation phase, volume has gradually dried up, indicating limited selling pressure.
The overall structure remains bullish, with EMAs aligned in a positive manner. The immediate hurdle is near the 1212 zone, which is the recent swing high.
A decisive breakout above this level could open the door for a move towards the 1300 zone.
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Prataap Snacks Ltd.
No trades
No trades
In-depth trading ideas
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Consolidation Breakout in DIAMONDYD
BUY TODAY SELL TOMORROW for 5%
Ready to go All Time HighChart -> DIAMONDYD (Prataap) Daily
Ready to go All Time High as breakout of long consolidation with volume.
CMP: 1253
Good Range to Buy: 1175 to 1250
Targets: 1345, 1450
SL: 1135 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Diamondyd - Prataap snacks nearing support levelsPrataap Snacks had broken the resistance levels of 945 and went on to move till the levels of 1450. On the Fibonacci levels it went from 38.2 to 100%.
Post which the stock had retraced a lot and again supported at the lower level of the channel. In recent term it has bounced from those level up and again showing signs that some good move position or negative is incoming in near term from the Fibonacci levels of 38.2%.
If it has to be in up trend then volume would be major factor and previous high of 1450 to be again considered as the resistance Target from the current levels of 860
For it to break out again the old resistance levels it has to cross the level of 908 and 938 in order to reach the first level Target of 1042. Next Target on the frame would be the next Fibonacci level. Base levels of last support is around 748. Volume to be crutial factor and major factor in deciding trend.
No recommendations, just my view based on chart pattern.
DIAMONDYD | Swing Trade📊 DETAILS
Sector: Consumer Food
Mkt Cap: 3,151 cr
PrataapSnacks Limited (PSL) is an Indian snack food company engaged in manufacturing and marketing of multiple product variants like potato chips, extruded snacks and namkeen (traditional Indian snacks) under the Yellow Diamond brand and sweet snacks under the Rich Feast brand.
TTM PE : 57.32 (Average PE)
Sector PE : 72.97
Beta : 0.22
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
9.28% away from 52 week high
Outperformer - Prataap Snacks up by 18.42% v/s NIFTY 50 down by -0.2% in last 1 month
📈 FINANCIALS
Piotroski Score of 8/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Diamond DYD reaching upper end of the channel nearing breakoutDiamond DYD reaching upper end of the channel nearing breakout
It has been on an up move since few weeks and showing momentum that it might cross the upper channel. The channel started forming from the 2020 timeframe.
With it moving up and sown in the channel, in recent times it has shown some good volumes. In near term it has a retracement and took support of the levels.
Expecting some good move only if the the levels of 1160 is crossed and sustained decisively. 1160 levels is what is the upper level of the channel. If it goes beyond then we can look for 1240-1446 with base at 950-830 as strong base.
No recommendations, just my view based on chart pattern.
Inverse Head and Shoulders Breakout at DIAMONDYDInverse Head and Shoulders #Breakout at #DIAMONDYD (Prataap Snacks Ltd) Weekly Chart. its start #Outperformed #Nifty.
BSE: 540724 / NSE : DIAMONDYD
What Is the Inverse Head and Shoulders?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends.
This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Prataap snacks Ltd - MACD Crossover📊 Script: DIAMONDYD (PRATAAP SNACKS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY FMCG
📊 Sector: Fast Moving Consumer Goods
📊 Industry: Packaged Foods
DAILY TIMEFRAME
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Script is moving towards its resistance level which is 908.
📈 Current RSI is around 76.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 869
🟢 Target 🎯🏆 - 908 , 1000
⚠️ Stoploss ☠️🚫 - 799
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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