COFFEEDAY trade ideas
BREAKOUT POLE AND FLAG PATTERN BREAKOUT.
VOLUME IS GOOD.
AFTER THE EASE IN THE LOCKDOWN WE CAN LOOK FOR A GREATER MOVE IN THIS
AGREE ??
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After long time Coffee Day trending !!!Stock has closed above 20MA on weekly closing basis, also huge volume action...Hope stock will come back to life and investors will be rewarded..if anyone wants to buy, can consider SL 23 on weekly closing basis and ride the trend....
Coffee day to Retrace @39 - 40 zoneCoffee day to Retrace @39 - 40 zone
Stock has shown a significant uptrend & has been facing strong resistance at the trend line.
Stock to face resistance once again & come down as low as 24.
Can go long at this retraced value for Best Price, when it breaks the resistance it will be a big move.
Disclaimer : Do your own analysis before entering any trade. Enter trade at your own Risk.
TATA to buy CCD ?Tata Consumer Products’ (TCPL) Rs 1,000 crore offer to buy Coffee Day Enterprises’ (CDEL) coffee vending machines has hit another roadblock—the valuation of the business hasn’t gone down well with the promoters, according to sources privy to the development.
Tata group, they say, has offered to buy the vending machines for only half of what CDEL is seeking. The Tatas are also eyeing a stake in the Coffee Day’s retail outlets in order to pump up its tea and coffee brands and strengthen Tata Starbucks.
WHO KNOWS ??
Coffee Day - NSE ChartThis is an analysis for educational purposes and not meant for trading purposes.
CAFE COFFEE DAY - RELISTING ESTIMATIONSCCD IS GETTING RELISTED ON 26TH APR 2021. IT WILL OPEN LIKE AN IPO OPENING, FINDING PRICE DISCOVERY AND PRICE EQUILIBRIUM TO OPEN THE MARKET PRICE AT 9.45 AM. THE TRADING WILL OPEN AT 10.00 AM. PLEASE FIND DIFFERENT LEVELS FOR UPWARD MOVES AND GAP UPS, ASSUMING THAT IT WILL OPEN ABOVE LAST PRICE TRADED ON AUG 2020.
CCDA simple chart for educational purpose. choppy water ahead till it crosses 33.80, but momentum is getting built and no turning back for this for a while.
COFFEEDAY weekly chart studyCOFFEEDAY weekly chart study.
Avoid buying until the channel top is broken.
Long term bulls can exit if the major support is broken on closing basis.
COFFEEDAY SEEMS TO BE A SELLLEVELS MENTIONED IN THE CHART.
Disclaimer:
It is very important to do your own analysis before making any investment based on the chart mentioned here.
Trade wisely!
Coffee Day - Long - Break out with Volume...Levels mentioned insCoffee Day - Long - Break out with Volume...Levels mentioned inside
COFEEDAY BULLISH BREAKOUTPOSSIBLE LONG
1) RSI DIVERGENCE
2)BOUNCE OFF FROM THE SUPPORT
3) 20,50 EMA CROSS OVER
4)BREAK OF THE TREND LINE
