1. Volume upstick
2. Engulfed the previous bar with volume
3. Previous pull back to EMA is with less volume
upside potential of 5% in one week to one month
Purely technicals
SL compulsory
fter a major downtrend and a consolidation , the stock came out of the consolidation zone. As you can see a major uptick in the volume as well. Also William Alligator shows a shift in the trend.
The first target should be around 37 with a stop loss of 25.
Daily chart
VOLATILITY CONTRACTION PATTERN IS VISIBLE WHICH BROKEN NECKLINE AND RETESTING IT
EXPECTING 40% MOVE FROM HERE ... STOPLOSS 37 ENTRY 45 ...
ALL THE BEST
Coffee day ..good news for company after continuation loss on quarterly basis ... government relaxing some lockdown rules...max people once again enjoying wid frds nd chilling in coffee day....buy @ cmp ..best buy above 50 ...target 57/80/150 ...best multi bagger stocks in short term...
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 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....
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...
CCD 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.
A 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.
