ShekharChatterjee

ShekharChatterjee

Fundamental Understanding: Higher commodity prices command a greater profitability to the miners. NSE:GMDCLTD rose by 150% in the last 4 months 75 trading sessions for the same reason. NSE:NMDC has a ROCE of 29.6 % and ROE 21.8 % and is almost debt-free (Debt to Reserves is quite low). The chart forms a perfect head and shoulders pattern on daily timeframe....

ShekharChatterjee

I am publishing my idea after a really long time. Excuse me for my laziness. Nifty has only been bullish since we corrected in March 2020. I made the mistake of shorting and going against the trend last month for much I gained experience (laughing and cringing). We are at a 50% stretch to pre-covid levels and yes it is time for us to become cautious. However,...

ShekharChatterjee Updated 

As per my analysis, there is a strong Buy on BATAINDIA between 1350-1415 from the support zone. From the price action and MACD, I can infer that we will probably retest the interim support at 1468 and will fall further (H&S Shoulder pattern) to enter the demand zone mentioned above. My Trade on Futures: Lot Size: 550 Buy around 1415 (+1 lot) Add more at 1350...

ShekharChatterjee Updated 

Disclaimer: This stock is not for weak hearted buyers. The volatility is high on a daily basis, however, the price range is small. In other words, the fluctuation is not for investors who are driven by emotions. Before I start, I would like to tell you that I am also personally holding shares of SPIC and would like to share my strategy with you. Fundamental...

ShekharChatterjee Updated 

This is a very straightforward trade. On macroscopic factors, the 10yr TFT Bond Yields are around a strong resistance and will likely witness a self off. This is bullish news for the stock market. Post a heavy budget correction of the budget gains and gap ups, I went stock specific to pick momentum on the strongest stocks. One of my favourite picks is Bharti...

ShekharChatterjee Updated 

I have never written such a description before. Pardon me for that. Will write the strategy in the comments post market closing. The gap of budget is filled. Long immediately on April Future and hold for 35,000. Keep SL at 32700. Risk: 600 points, Reward, 1,700.

ShekharChatterjee Updated 

It is time again that we are hitting most of the checkboxes pretty much decently well. Nifty is showing signs of strength while trapping the innocent retails. FMCG and IT are my go sectors right now, and if I am talking about FMCG, I should mention NSE:ITC The stock is at the daily support. The NIFTYFMCG index is around the trendline support too. When the markets...

ShekharChatterjee Updated 

This is my first ever trade idea. I have been a fundamental stock analyzer for the most part of my time. I am also someone who doesn't fare well with intraday trading and prefer swing over intraday. I am not a registered financial advisor so please consult your advisor before investing. I am just here to share my bit of understanding and analysis with you and if...

ShekharChatterjee Updated 

I have been following Glenmark for quite some time now. Unfortunately with the wider market correction, Glenmark got the beating a little too much. However, since my responsibility is to share the trades with you that have the best Risk to Reward Ratio and that I personally take, I am sharing this with you. Please note, that SL is there for a reason. Typically a...

ShekharChatterjee Updated 

Macroscopic Factors: A will draw down from the macroscopic factors to this script. 10 yr TFT Bonds are around their crucial resistance and will likely witness a heavy selloff. The Indian indexes have filled the gap created on the budget and the following days now and there isn't a gap left to fill. Similar Scripts: Bharti Airtel (NSE:BHARTIARTL) experienced a...

ShekharChatterjee Updated 

The Crude Oil Futures have taken a beating for quite some time now, and it is time for quick recovery. The descending triangle is making a base around very very strong support at 4250. If the price moves sideways or breaks the downtrend, we can keep the SL as on the chart and go for the targets mentioned on the chart. When you trail, always keep your trailing SL...

ShekharChatterjee Updated 

Please read this completely before investing. Past Behaviour: WELCORP had consolidated between 123 and 101 for a long time before breaking out to 145 odd levels. The swing low before the breakout commenced an uptrend that is more aggressive than the one started in June 2020. Analysis The stock is consolidating above the previous consolidating levels and is...

ShekharChatterjee Updated 

A H&S Shoulder pattern indicates easy testing of the trendline again. Please keep a strict stop loss since the break of the trendline and below our SL level will be a downfall in the stock. The trendline is very very important since the trendline is being followed for the last 11 months, and hence the stop loss should not be modified unless asked to do so. ...

ShekharChatterjee Updated 

Our previous trade idea didn't go well since Nifty was in channel correction mode and the correction is expected to stop around 14450-14550. I am sharing the same script but a different definite idea for which I am very certain will succeed and recover our loss in the last trade. Disclaimer: Although my previous idea was clearly specified for March Futures,...

ShekharChatterjee Updated 

ITC is consolidating at such a level that it is definitely not worth the mss. The last trading price of ITC is around 217 and I am we cannot have a better chance than this to create a long position. However, please read this completely before taking a position otherwise you might incur a loss. Chart analysis The oozing out of selling pressure indicates...

ShekharChatterjee Updated 

Good Long Opportunity for Feb expiry. The 15 mins downtrend that started on 21st January 2021 was broken recently on 17th February. On 18th February the price made higher lows and higher highs and the previous swing wasn't tested. This is a sign of good strength. An interim resistance was broken today and the price closed taking support on the level. Signs of...

ShekharChatterjee Updated 

I am so excited to share my fourth watchlist stock with you all today. It is required by you to read till the end to understand the strategy completely. Background on Charts The chart of Redington is at a very interesting point. The price fell from 126.5 pre covid levels to 59.1 on March 23 2020 crash. The price has been following a strict trendline that...