RAJESHEXPO - Weekly AnalysisIn the Weekly Chart of RAJESHEXPO , we can see that, it has formed a Second inside candle. Also it is a Decision making candle. Take a small trade by Entering on breaking Candle's High with Low as SL.Longby JatinManani7
STG:(RAJESH EXPORT) Set to Soar 10-15 % in a Month or Two*Rajesh Export is ready to offer returns ranging from 10-15% within a timeframe of one to two months*. Please note that terms and conditions apply. Reasons to Consider Taking a Trade: - A crucial Supply/Support zone has been pinpointed within the range of 280-306 - The trendline break. - Price has surged above the 50 Moving Average, which is now acting as a support level. Targets: I think Target 1: 351 Will be achieved in a month or two and then 371 Target 2 will be achieved in 2-3 months. Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.Longby NaveenTTRUpdated 5
Rajesh Exports - A Long Term Investment Stock IdeaIn this monthly chart of Rajesh Exports bigger wave (1) is completed and wave (2) also retraced around 70% as an Irregular correction and currently it may forming bottom and can bounce again as wave (3) in upcoming months and years...So its a stock for those who likes Buying from bottom and stay invested for Long Term...Longby chirag_Khasiya113
Falling Knife stocks-How to identify them?I have discussed in previous post about what exactly falling knife stock is with a case study. The next question would be how would an investor know that stock is a part of falling knife category? To identify such stocks, I feel you should know about 2 concepts/indicators which are Moving averages and Fibonacci retracement. I will try to make you understand these concepts and also the levels where averaging/investing can be started. 1. Fibonacci(Fib) is a mathematical concept which governs the entire universe, even our stock markets. I can't explain the entire scientific concept here so just sticking to stock market. Fib retracements help investors identify support and resistance for stock. There are 2 golden ratios which every investor must know, 38.2%(0.382) and 61.8%(0.618). When a stock is in uptrend, 38.2% is the level where most stocks retrace upto. 61.8% is considered as last ray of hope for bounce in retracement. Any stock which has fallen below 61.8% is considered weak. 2. Moving averages(MA) are indicators which are continuously changing with moving stock market. These are an average of prices over a time period, hence Time frame is important. There are many types of moving average, we use mostly simple and exponential. When I say 20 Day EMA, it is Exponential average of 20 days of closing price of stock or when I say 200 week SMA, it is simple average of 200 weeks closing price. Exponential is more used than Simple moving average which has scientific reason behind it so if you are curious, you can search for it. 200 Week moving average is considered as last ray of hope for investment. A fall below 200 Week moving average or 50 Month EMA indicates strong bearishness. 3. I have seen stocks reach from top to bottom and top again. Tata motors, HDFCAMC being few famous examples. Even, Most of real estate, PSU banks stocks are reversing. So, equity is beautiful, wild and highly unpredictable. However, A stuck investor should wait for monthly closing above 61.8% to start averaging in such stocks. Also, a closing above 200 Week EMA will slightly indicate return of bullishness and that's where reversal traders should think of investing I feel this much knowledge is enough for now. If you have got some enlightenment from above information, lets apply this knowledge on one stock where I know many many investors are stuck, Rajesh Exports. How do I know? I saw the shareholding pattern and that's where I was shocked to see the number of shareholders increase from 45000 odd to over 2 lakhs in the past 9 months! Starting with fundamentals, Rajesh Exports Ltd is 4 decade old manufacturer of Gold and Gold Products available at a PE of around 9 and sales growth of 20% in last 3 years. All the ratios feel nice to me except the operating margin which is below 2% consistently which has led to drop in EPS which is major concern in the stock. Technically, stock had a 52 week high of 1030 in Feb 2023 and it is now available at 360 odd which is more than 60% wealth destroyed. And as I said, the number of shareholders have grown 5x in the same time. (Note that FII, DII holding has reduced in same period). If i see now from a non-investors perspective(psychology explains that investor can never see the bearishness), the stock has formed a beautiful double top and broken its neckline which was 61.8% of fib retracement all ready for a further fall and I see no support till 270-300 zone(sorry investors). It is also below 200 week moving average-red wavy line(if you check monthly chart, it is below 200 month moving average as well). A perfect example of Falling knife. What next? If I were an investor, My last SL would have been 525 which is 50% retracement. Since, the stock is below 61.8% retracement , there is no chance of averaging at this moment. Hence, I feel investors should wait & watch until stock moves above 440 before averaging/entering. Don't jump in it. Wait for a big bullish monthly candle before averaging. Also.... As promised,, I am sharing you names of stock which i have identified to be part of this unloved category. As an homework, do check fundamentals and reversal levels based on what we have discussed above. The stocks are GRINFRA, TCNSClothing, Metropolis, Luxindustries, Polyplex, HLEGlasscoat, Deltacorp, Barbequenation. If you are a curious investor, even you can find such stocks and do let me know in the comments below. I would like to discuss any doubts regarding the concepts, idea or anything related to stock market so feel free to comment. Keep investing, keep minting. India has a very big future ahead so these are the best few years to invest in India.Be a smart investor because it is important that you choose the right stock to meet your financial goals.Educationby tradewithamey_Updated 10106
"Long Rajesh Exports"As we can see from the pattern the stock has shown a nice reversal today showing that the buyers are still active in this and it can get even more bullish above 315 and also fundamentally if we see the company has much higher production than the entire consumption of India and it is an export based company which is helping India to grow so we can keep this for long term for better growth #swingtradingLongby The_Income_Trading1
Rajesh Exports - How to trade Let me answer first a question which many people are concerned about? There seems to be no wrong with the company and procedural lapses are not major concern. It is a monopoly company in India. Now, question arises is that why share is falling? Answer is very simple the first swing was straight away from 244 t0 1029.7 in between there is no swing so there was free fall available to the smart money. A simple concept of mathematics is that there should at least be three points to make a straight line, otherwise it is vulnerable. Now read the notes on the chart and act accordingly. Disclaimer: I am not a registered analyst with SEBI. It is only for eduacational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses. Thank youby rekhi5675
Rajesh Exports - Reversal Point The way things are going, it seems Rajesh Exports will find its base at 244. Disclaimer: I am not a SEBI Registered Analyst and it is only for educational purposes only. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses. Thank youby rekhi567778
Rajesh Export Buy only above 289. Be patient. But, in any case if 270 is broken, stay away from the stock. Expect recovery from 256 then. Disclaimer: I am not a registered analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision.by rekhi5670
Rajesh Exports - Lower trend seems to be over now Please read the notes as mentioned on the chart. Better not to trade today but to watch and let it go above 100 SMA in 1H Chart. Disclaimer: I am not a Registered Analyst with any of the National/International agency and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses. by rekhi5671
Rajesh Exports, Buy only above 307 Rajesh exports seems to be turning bullish, but do not haste and watch candle of 11:30. Buy above it and do not short it now. If this level is broken it can go to 195 which is unlikely Disclaimer: It is only for educational purposes and not a financial advise. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.by rekhi5670
Rajesh Exports - Still bearish Please read the notes on the chart and act accordingly. Disclaimer: I am not a Registered Analyst with any of the National/International agency and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses. by rekhi5672
Rajesh Exports - How to trade tomorrow - Bullish Now As mentioned in one of my earlier ideas, exptecting pin bar near 291, but it went upto 285. Means on the left hand side at 299.3 left shoulder has been created and head created at 385. Now, Buy above tomorrow and wait till 16th it will boom. Disclaimer: I am not a SEBI Registered Analyst and it is only for educational purposes only, Please consult your financial advisor before making any decision.by rekhi567112
Rajesh Exports - How to trade Rajesh Exports is bearish at present in 1H Chart but has found base. 297- 301 and 307 are the levels to be watched today, 11:03 candle to is important and use 36 SMA. Conclusion: wait till 11:03 a.m., price should be above 307 and above 36 SMA only. Disclaimer: I am not a Registered Analyst with any of the National/International agency and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses. by rekhi567331
RAJESHEXPO - Weekly AnalysisIn the Weekly Chart of RAJESHEXPO , we can see that, it has formed a third inside candle. will there be a W pattern breakout and stock will move up OR selling will still continue. Enter on breaking its high with low as SL.Longby JatinManani5520
Rajesh Exports - Waiting Game Rajesh Exports making base and not likely to go any further down, but still time to wait till next week. Good opportunities to come. Please read the notes as mentioned on the chart and act accordingly. Disclaimer: I am not a SEBI Registered Analyst and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses. Let you grow. May! I follow you. by rekhi5674
Rajesh ExportsPlease read the instructions on the chart and act accordingly. if ultimate support is broken wait for it to be regained. Disclaimer: I am not a SEBI Registered Analyst and it is only for educational purposes. Let you grow. May! I follow you. by rekhi5672
RAJESH_WONDER OR BLUNDERZero Promoter pledge until Feb 2024 No change in promoter holding until Feb 2024 Operational Profit Growth -357.97 until Feb 2024 OPM -27.62% until Feb 2024 by Rajesh_roots_108990
RAJESHEXPO - Weekly AnalysisIn the Weekly Chart of RAJESHEXPO , we can see that, it is near lowest level. will there be a W pattern breakout and stock will move up OR selling will still continue. It has made a Decision making candle. Enter on breaking its high with low as SL.Longby JatinManani113
Rajesh Exports - Update Please read the notes on the chart and act accordingly. Disclaimer: I am not a registered analyst SEBI. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses. This is only for educational purposes. Let you grow. May! I follow you. by rekhi567772
Rajesh Exports - Long Read the notes as mentioned on the chart. This is the best time to enter into the stock. Time candle for Monday 2-5-24 12:35 PM. Sell below and levels 353 344 334 325 316 Buy above and levels 355 358 362 372 382 392 Disclaimer: I am not a SEBI Registered Analyst, please consult your financial advisor before making any decision. Let you grow. May! I follow you.by rekhi567882
Rajesh Exports - Bullish Please see the geometric description on the chart and corresponding notes and act accordingly. Price levels have already been provided. Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes. Let you grow. May! I follow you. by rekhi5672
RAJESHEXPO : Adding onto the position againAdded another 1.25% of the net capital upon observing consolidation and re-evaluating the macro and microeconomic parameters. With this addition, the total holding in this stock amounts to approximately 2.5% of the net capital, reaching the maximum allocation for a particular stock at this time. As a result of this entry, the average price level is further reduced. From the current level, there is a potential upside move of about 176% to the all-time highs. Will provide updates beneath this post if any changes are made to my position going forward. Previous posts are also attached underneath.by Sniper-Traders7
Rajesh Exports - Buy above 350 Hello Friends If you remember, I mentioned last fortnight stocks to buy Rajesh Exports, HDFC Bank, SBI Cards, PEL, UPL, Lux Industries. All of them rather fell. Try to understand the psychology of smart money, market was opening gap up and then going down regularly for the last fortnight especially from the 20th Jan 2023. It was just to go against the psychology of general retail trader of being bullish on the event and then snatching of stocks from retailers before pre budget rally. Market works like that only, The character of market last week may change now and open flat and go up or gap up and then become bullish. Have patience and act only according to time candles which I will mentioned on daily basis. Today's most candle for entire Indian market is 1-29-24 12:02 PM. Buy above high of this candle and sell below low of this candle. Rajesh Exports Sell below and levels 350 343 333 Buy above and levels 361 371 373 376 381 391 400 411 Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes. Let you grow. May! I follow you. by rekhi567114