Time to buy RamcoCemThe stock has breached its first resistance, which now acts as a support. Entry now gives good risk-to-reward ratio. Safe trade for the short term
Entry - 988-992
SL - 936
Target -1120
Indianstocks
COULD INDIA BE THE SAVIOR OF THE USD’S DOMINANCE?COULD INDIA BE THE SAVIOR OF THE USD’S DOMINANCE?
The BRICS alliance aims to dethrone the US dollar’s global supremacy.
India’s rapidly growing economy has led to speculations about its potential role in this shift.
Despite being a BRICS member, India maintains strong economic ties with the U.S.
In the dynamic landscape of global finance, where the BRICS alliance is sharpening its talons, aiming at the soft underbelly of the US dollar’s supremacy, India emerges as a beacon of hope for the greenback.
While the BRICS coalition might assume they have the unwavering support of all its members in their quest to topple the dollar, India’s economic trajectory and diplomatic allegiances paint a different picture.
DWARIKESH SUGAR - SWING TRADING FOR 10-15 DAYS" PARALLEL CHANNEL BREAK OUT "
High Volume Based
Entry level - 98-100
SL - 90 (with previous candle below level)
Targets - 107,113,118+
Market Capitalization of Dwarikesh Sugar stock is Rs 1,923.50 Cr.
#DWARIKESHSUGAR
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NIFTY: Relentless rally. Enter on the next pullback.Nifty 50 is having a relentless rally and is almost on overbought technicals on the 1D timeframe (RSI = 69.294, MACD = 68.470, ADX = 39.696). This calls for a short term pullback to the 1D MA50 as a similar fractal did in October 2020. Harmonic Bullish Cross relation on both fractals as they started the long term rallies after crossing above the 1D MA50 following prolonged Bear Markets.
We are on a symmetric 1.236 Fibonacci top and should find Support on the 0.786. We will buy there, targeting the 2.0 Fibonacci level (TP = 20,760).
Prior idea:
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#ALOKINDS TRADE IDEA SETUPGreetings Folks,
today i have prepared a setup on ALOKINDS on NSE
the setup is as follows
- the stock is in good uptrend
- right now in my view it needs retracement
- there is a imbalance which needs to get filled for further uptrend
- price broke the previous highs with good volume
dont play with fire, always use predefined stoploss
Will BankNifty Rise Again ?If we Stay below the Red TrapZone, we are going down. Shorts are in play now and Do not take longs till you see a Green TrapZone.
Lets see, will update the idea frequently!
United breweries getting highThe stock has given a breakout with increased volume support from a strongly tested neckline as support of the cup and handle pattern formed over the year
Entry - 1680
Target - 1920
Stop Loss - 1580
Ye Bandhan toh pyar ka Bandhan haiThe stock price has retraced above 50% from the previous downtrend in the daily time frame. It has formed an ascending triangle formation with a flat resistance and higher lows in support trendline with an increase in volume. The breakout from this pattern can take the stock its recent high levels again.
Entry - Abouve 246
Target - 272
Stop Loss - 229
JM Financial Long Term View JM Financial is forming a Symmetrical Triangle and has also given Breakout.
Entry is at 85.50
Target is 192.30
Stop Loss is at 60.50
(Note:- This View is purely based on Technical Analysis and is for educational purposes only, please consult with your financial advisor before taking any trade).
Triangle burst Elliottwave pattern in Global EducationThe Global Education chart looks so good when it is making a triangle pattern.
The five waves such as the abcde of the triangle are complete and it is directed upward.
The move from here is near about 50%.
Play with your risk and you will earn good money on your capital.
Thanks
BANKNIFTYBANKNIFTY is showing 5 waves down from the top. Considering this as an impulse move, the current upward structure can only be corrective. This may retrace 50-61.8% fibonacci level where it could reverse with a sharp decline. Currently, an invalidation level can only be considered at the 46,300 top, i.e start of wave 1.
This idea is based on the Elliott Wave Theory. Manage your own risk while investing/Trading.
is RELIANCE up trend is back? WAIT!!!!Market sentiment is very positive for Reliance after sell off for a week. RSI levels are in sold zone. Is reliance stock is getting ready for the pump? May be~~ but wait and understand the chart with the possibilities.
Next resistance level is 2450-2460 . this zone is also around EMA 10. so we may see a retracement at this zone. and if it happens than we have to be very careful at the retest of 2400 zone. if buyers are not strong, we may breakout towards downside. as per the volume, 2350-2360 will be the next support.
Please keep in mind that Reliance fundamentals are strong. New services launched by the company in last AGM can play major role in the market in upcoming months.
Always use the stop-loss and target. Safe trading.
TATA CHEMICALSTATA CHEMICALS - There is a bearish cycle forming on the stock. As long as the price stays below the invalidation of 1084, bearish pressure could remain and could move towards the 800 level with a strong resistance.
This idea is based on the Elliott Wave Theory. Any trade/Investment should be managed with proper risk management.
DLink Swing Trade IdeaDLink, looks strong in monthly and weekly, multiple times sellers have attempted to bring the price down at the major supply zone of 228-253, but buyers have won and the stock is moving up.
Weekly is moving in a narrow range consolidation, 3rd week, now, post the triangle compression breakout that happened.
One may look for consolidaiton BO in the upper side of the channel in 75 mins and any Lower TF for a better entry.
Monthly RSI is perfectly moving from over sold to overbought, yet to reach overbought.
Rana Sugarsrana sugars 1w tf breaking out of zone.
can keep on watchlist if sugar sector breaks out this can give a big move.
Liberty Shoes Swing Trade Monthly is moving out of 4 months old consolidation period.
Weekly shows a triangle chart pattern compression BO.
One may consider an immediate swing trade for a target till the supply levels marked, 280 range. Quick 5 to 10% move is seen.
And if the price sustains above 180 then the stock may move to 350.
Happy trading!
SENESEX SENSEX - has formed an ending diagonal like most indices in the Indian market. This concludes a correction point for the markets. Price should remain bearish below the invalidation level (on chart).
Corrections can be seen up to 38.2 fib level (at 51,000 mark). Or lower.
This idea is based on the Elliott Wave Theory. Any investment/trade should be made with your own risk management.
HDFCBANK HDFCBANK - The stock has a bearish wave downwards and could continue to further lower levels. A consolidation below the trendline is a possibility. However, the moves are quite strong when in wave 3.
This idea is based on the Elliott Wave theory. Manage your own trade/Investment with proper risk management.
RELIANCE RELIANCE - The stock has started an impulse downside. As long as price is below 2583, the bearish count would remain intact and a strong fall could be seen next in the wave 3.
This idea is based on the Elliott Wave Theory. Manage any Investment/Trade with caution and risk management.
TCS - A Crucial LevelTCS remains at a crucial resistance level. While a move to 3580 could trigger a bullish scenario, price below the level has a bearish touch.
This is only an idea. Any trade/Investment should be made with proper risk management only.
TATASTEEL breakout long entry a beautiful flag has formed and we have a breakout upward triangle which can lead to an excellent long position for Q3-Q4 recommended to take profit along the way and not hold longer than the end of October.
GUJARAT NATURAL RESOURCES LIMIBSE:GNRL
REASON
up trend
1)good supply and demand
UP
1) in a UP trend
2) In Breakout
TRADE WITH YOUR OWN RISk
