KAMOPAINTS - Daily Chart Analysis, CMP-217.70As the weekly chart does not have much history to the left, this time we will go with the daily timeframe. The stock is coming out of 23 Week base with a probable VCP(Volume contraction pattern). Volumes went dry since Aug2023 till Nov2023. Good volumes started building up after that while the volumes on the down days were very low as compared to the up volume days. This shows punter's footprints. After breaking out of the probable low cheat zone(178-181) it has sustained above it for almost a two weeks now.
The stock is trading above all its key moving averages too.
A weekly close and follow up there after below 195 would negate our view.
272.50 - 309.90 - 357.50 (as per the trend based fib) are the probable level it can test in the future.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
KAMOPAINTS trade ideas
KAMOPAINTS - DIVERGENCE & CONFLUENCE WITH H&S!Points to Note:
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1. A hidden divergence with RSI, at the 61.8% level showing Oversold levels
2. An inverse Head & Shoulders(H&S) showing accumulation
3. A healthy breakout with volumes out of both the downward Trendline & the H&S
4. Good Price to buy, at the retest of the trendline
Disclaimer: This is merely an observation & NOT a Trade recommendation. Please take trades at your own discretion & analysis.
KAMOPAINTS bullish; above 178 on Tuesday 26 Dec? 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 Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
BREAKOUT IN KAMDHENU VENTURES 📌SWING TRADE FOR NEXT WEEK🚀
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📌TRADE ANALYSIS OF KAMDHENU VENTURES :-
•Breakout of symetrical pattern on DTF with strong candle
•Break counter trend line and hidden lines
•Volume increases last few Days high
•Bullish trend/ make good structure also
•Made good price action
•Make higher highs/higher lows
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📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
KAMOPAINTS - Ichimoku Bullish Breakout Stock Name - Kamdhenu Ventures Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 250
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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KAMOPAINTS- Ichimoku Bullish Breakout Stock Name - Kamdhenu Ventures Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 217
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
