SWING OPPORTUNITY IN GOLDIAMRefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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GOLDIAM trade ideas
Forming base again for another up moveAfter breakout, price formed a base.
Volumes have come now. Trying to breakout again.
Should be a good entry point if price retraces.
But I believe it goes up for 1 or few sessions before it retraces.
It should try for 230 if breakout sustains.
Results are on the way. December results are usually good. So someone might have entered knowing this information. May book profit after results.
US job layoffs, political, war. Outlook is not good. Nobody is caring about it now. It may hit our stock market without warning. Then everybody makes videos about these reasons.
Trade with less positions. Let existing profit trades continue do not exit if they are giving profits.
Cut losses do not hold on to them. They will eat into your profits.
Goldiam another stock which is looking very strong for upside-strong closing rejection from lower levels not sustaining below
-volume and rsi rising showing strength
-rsi breaking inside trend should rise more
-adx, ema, macd every single indicator supporting for upside
-keep in radar should give decent return
GOLDIAM: Comprehensive Chart Analysis Highlights SupportIn this analysis, we will delve into the chart of GOLDIAM to provide insights into its current situation. The chart exhibits multiple support levels, including a weekly support trendline, weekly RSI support, and horizontal support. The analysis suggests a buying opportunity at the current CMP with a stop loss at 110 and a target of 150. The average broker target of 185 further reinforces the positive sentiment. However, it is important to consider the stock's price to book ratio of 2.3, PE ratio of 16, and the fact that it is trading below the 50, 100, and 200 EMA, which may indicate negative sentiment.
Analysis:
The chart analysis of GOLDIAM reveals several important aspects. Firstly, the presence of a weekly support trendline indicates a significant level where the stock has historically found support. Additionally, the weekly RSI support suggests a favorable buying zone, indicating potential upward momentum.
Based on the chart, there is a potential buying opportunity at the current CMP. It is recommended to place a stop loss at 110 to effectively manage risk. The target for the trade is set at 150, which suggests potential upside in the stock.
Furthermore, the chart exhibits a horizontal support level, adding to the positive sentiment and increasing the likelihood of price recovery.
The average broker target of 185 aligns with the positive sentiment and indicates further potential upside in the stock.
Considering the valuation ratios, the price to book ratio of 2.3 and PE ratio of 16 suggest that the stock is reasonably valued compared to its book value and earnings. This may attract value investors who seek stocks with favorable valuation metrics.
However, it is worth noting that the stock is trading below the 50, 100, and 200 EMA, which may indicate a negative sentiment and potential resistance levels.
Conclusion:
In conclusion, the detailed analysis of GOLDIAM's chart highlights several positive aspects. The stock is currently supported by a weekly support trendline, weekly RSI support, and horizontal support, indicating potential buying opportunities. The average broker target of 185 further reinforces the positive sentiment and suggests potential upside in the stock. Moreover, the valuation ratios indicate a reasonable valuation. However, the stock's position below the 50, 100, and 200 EMA may pose as a challenge and indicate negative sentiment.
As always, it is crucial to conduct thorough research, consider your risk tolerance and investment strategy, and consult with a financial advisor before making any investment decisions.
Goldiam : big bounce from demand zoneGoldiam international have major demand zone 116
Time frame :- Weekly
Objective :-
Major demand Zone 116 124
Monthly flag pattern
many times support respected
Idea's :- go long CMP add up to 120 WCB stops 116 target 160 180 224 444+++
Disclaimer :- only for educations purposes.
'GOLDIAM' ready to boom like 'GOLD' !!!We all have witnessed the bombastic rally of Gold & Silver, now it seems that companies
that are engaged in business related to gold & silver are going to buzz.
Let's have a detailed overview of the stock in prominent timeframes.
Daily Timeframe: -
Goldiam has shown a breakout from a right-angled broadening wedge pattern which
was under construction for the last 4 months.
Thunder Volumes supports the breakout. Also, there is an RSI breakout which indicates the strength
of the stock.
All moving averages were been converged, and now slowly 20DEMA is diverging and crossing above all
important moving averages this indicates that the stock has finished the choppiness and is ready for a fresh move.
Weekly Timeframe: -
Goldiam is breaking from a time-long consolidation phase after base building formation.
Record Volumes this week indicate strong interest in market participants.
RSI is also given a breakout from a channel and now sustaining above 60 which confirms the strength.
My Observation: The only thing to ponder is the Daily RSI is at 79, and Goldiam has shown a continuous move of almost 20% in the last 4 days, so I must suggest
to deploy 50% position now and wait to cool off i.e. accumulate around 155-150 which is the breakout level.