SJS Enterprises CMP: 636 This stock has been in correction mode for some time now. On Friday, it broke out of a small range and trend line, but the breakout will be confirmed only if it closes above 655. Once the trade becomes active, the stop loss will be set at 585. The targets will be 745, 840, 890, and 970+. Refer to the chart provided to see the...
NIFTY is currently in a sideways zone, and a double top pattern seems to be forming, but confirmation is still pending. The marked zone on the chart, 21635 to 21515, could potentially act as a support zone for NIFTY as these are Fibonacci levels. Speaking about the double top pattern, if the price closes above 21126, this pattern will become invalid. On the other...
📈 Trade Update: Jubilant Food 🍕 Previously, we successfully rode a rally in Jubilant Food, executing a trade based on the channel support and resistance. Refer to the chart attached on my profile for details. 🔄 Trade Logic: Re-entering as the stock revisits the channel support. Here are the details: - Buying Price: Around 531 - Stoploss: Below 515 - ...
🚀 Exciting breakout alert! 📈 "Vikas Industries" has shattered its resistance level, setting the stage for a potential upward rally. Keep an eye on this stock as it shows strong bullish momentum and could be primed for significant gains. Don't miss out! #stockmarket #breakout
We are witnessing a remarkable opportunity as GEECEE VENTURE makes an all-time high breakout. The price structure leading up to this breakout is quite compelling, adding to the appeal. However, it's crucial to exercise caution to avoid getting caught up in a potential fakeout. Here are our criteria and steps for this trade: Confirmation Close: We need...
Central Bank Of India: CMP: 48.30 Exciting news! Central Bank Of India has recently experienced a breakout, a trend we've noticed performing well historically, especially when accompanied by volume. Today, we observe a breakout, albeit in the form of a trend line. Watch closely : If the price surpasses 48.50, we'll consider a long entry, managing risk...
MEP appears promising to me, and I'm optimistic about its potential to be a multibagger. I've acquired some positions at 15.95, and I believe the current price remains favorable for investment. As of now, our stoploss is set at 11. Disclaimer: Investing in stocks carries inherent risks, and past performance is not indicative of future results. It's important to...
ABFRL (Aditya Birla Fashion and Retail Limited) : The stock is currently consolidating in a sideways zone after a significant downtrend. Key Points: Downtrend and Sideways Phase: ABFRL has experienced a notable downtrend followed by a period of consolidation in a sideways zone. Promising Signal: A potential bullish signal will be triggered if the stock...
🍽️ Zomato Ltd., CMP: 130 Zomato recently exhibited a trendline breakout on December 14, closing above it. A successful retest followed, and another breakout unfolded yesterday. Today, the pattern from that breakout is holding. Anticipating Zomato to serve us a delightful dish at the 147 rupees point. 📉 SL Reference Guide: For Stop Loss, refer to the...
📈 Key Points: 1. Up-Trend Momentum: The stock is riding a strong up-trend, signaling positive market sentiment. 2. Breakout Confirmation: A recent breakout, coupled with a successful retest, indicates a potential upward trajectory. 3. Entry Strategy: Planning a long entry as the stock has surpassed 23.60, aligning with the breakout momentum. 4. Risk...
Wondering if the sharp rally in this sector will persist? Nifty IT displayed significant movement yesterday, continuing today with a breakout. My intuition suggests a potential move toward the 36800 level. I'll consider adding more to my portfolio if there's a retest of the breakout level, although the likelihood seems low. Nifty IT not only has the potential to...
"Rahul's Redemption: Overcoming the Pitfalls of Overtrading" Once upon a time, in the bustling city of Mumbai, there lived a man named Rahul. Passionate about trading, Rahul was determined to make a fortune in the stock market. However, as the saying goes, "Too much of a good thing can be bad," Rahul found himself entangled in the web of overtrading. Rahul's...
Big Red Candle: Today's trading session witnessed a significant bearish movement, evident in the formation of a substantial red candle on the daily chart. EMA Confirmation: Adding to the bearish outlook, Banknifty closed below the 20 EMA, reinforcing the negative sentiment among traders. Short-Term Downtrend Signals: Lower Low and Lower High Lower Low...
☕Ever heard the legendary tale of Robert Kirby and the magical coffee can? ☕ 📜 Let's embark on a financial journey, merging history, numbers, and wisdom to unlock the secrets of Coffee Can Investing for the Indian stock market! 📜 Historical Tale: In the 1980s, financial wizard Robert Kirby shared a captivating story. He spoke of a wealthy widow who stashed her...
The stock, Mphasis has recently developed a Head & Shoulders pattern, signaling a potential trend reversal. Traders should exercise caution and consider implementing proper risk management strategies. On the chart, clear indications for stop-loss and two target levels have been outlined. Please note that this information is not financial advice but a market...
Colpal broke the neckline following the formation of a double top , signaling a potential bearish trend. We've initiated short positions based on this pattern. Please note, that the provided chart includes details such as entry points, stop-loss levels, re-test zone, and target levels. However, trading involves risks, and these are speculative predictions....
Exploring the realm of options trading unveils two key players: Buyers and Sellers. Each wields unique strategies with its mix of risks and rewards. Let's break it down in simple terms. # Option Buyers: Riding on Possibilities Chances of Making Money (PoP): Buyers aim for good market moves, counting on accurate predictions within a specific time. Risk:...
🚨 Heads up, traders! Nifty has formed a double top pattern right at the peak. While we hesitate to scream "downtrend," signs point to a potential correction. 📊 Technical Breakdown: 1. Initial confirmation with a neckline break. 2. Crucial retest completed for added confirmation. 🎯 Targets & Stoploss? Refer to the chart for specified levels. Brace yourselves...