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...
Buy Coffee Day in Intraday/BTST for target of 61.30. Enter around 59.30 to 59.60. Don't miss it! For more such interesting & exclusive (via chat on this forum) ideas & predictions do hit the like button & follow my user id- thank you
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.
Reason for long
a) Above weekly high
b) QQE long possibility
c) Super trend long
d) trendline breakout
e) volume and price burst
SL compulsory as index non-supportive
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.
