Indianstocks
NSE : CCL Products - Coffee with twist Going strong - UpdatesNSE:CCL
CCL Products (India) Limited, a listed public company limited by shares was founded in the year 1994 with the vision of creating only the finest and the richest coffee in the world. At CCL Products we have taught ourselves to do business with integrity, commitment, customer orientation and an unwavering effort to maintain the highest quality standards in the industry. Our strong infrastructural backbone and a global client repertoire in over 90 countries have led us to evolve into the largest instant coffee exporter and private label manufacturer across the globe.
Disc: Invested , DYOR
Nifty - Confirmation of Downtrend, Where to enter the short?1. Looking at open interest 18000 still has maximum call writing with additions to 17900 and 17800 levels, On the lower levels only significant put writing is at 17500 level
2. PCR is 0.9 suggesting Bearish market
3. Max pain at 17800 levels
4. Any kind of support was at 50 ema levels on the daily chart
5. FII - Futures -2000 cr, cash -4000 cr sell, DII 700 cr net buyers
6. US 10 year bond yield at 1.834 +0.007 +0.40%, which has come down from 1.897
7. News: The Fed is widely expected to tighten monetary policy at a much faster pace than expected a month ago to curb continually high inflation.
8. UK inflation figures were up 0.5% m.o.m could pressure bank of england to raise interest rates.
9. Nifty formed Three black crows today confirming the reverse of the bull trend. Three black crows can sometimes mean market is oversold and could consolidate, however RSI(14) is at 50.49.
10. Selling volumes are stronger than purchase volumes which does confirm strength of a sell.
There might be a slight upside tomorrow after three days of selling but the overall trend is still bearish. But the big question is what levels should one short at?
To me it seems a little unclear at the moment, completely depends on price action tomorrow. However long upside especially before the budget is highly highly unlikely. Market may go to 17900 levels which would be a good place to short but at this point just wait for price action to confirm the entry point.
I Will update when I enter the trade.
However, US Dollar seems strong, look at my analysis chart that I have linked with this post to find positions to enter in USD-INR. It seems a better trade looking at the bond yield numbers.
LTTS LONG BUY - IT BOOMING AGAIN !!The stock is at a good support level and also near the trendline support, following from July 2021.
As IT sector started booming again , as per my view, We may see this stock hit 6500 in near weeks.
IT sector view : looks bullish for next couple of weeks (Below in the Weekly chart of CNXIT)
The stock is a good pick for swing trade, has a good reward to risk ratio (~ 1.9)
Trade Details:
Entry: 5650 or below
Stop Loss : 5300
Target: 6300, 6500
Duration: 3-4 weeks
The stock has a earning release today, 17 Jan 2022 we may see a gap up in opening today.
Stay Safe, Happy Investing:)
LTI LONG BUY - IT boomingOut of the 10 stocks in NSE:CNXIT index , NSE:LTI has 5.94% weightage.
The stock is at a good support level and also in a trendline support, following from July 2021.
As IT sector started booming again , as per my view, We may see this stock hit 8000 in near weeks.
IT sector view : looks bullish for next couple of weeks
The trade seems in a good reward to risk ratio (~ 3.98)
Trade Details:
Entry: 7150 or below
Stop Loss : 6950
Target: 8000
Duration : 3-4 weeks
As this stock has a earning release today, we may see a gap up on today.
Stay Safe, Happy Investing:)
IBULL Finance Upcoming MultiBaggerIndiabull Housing finance can consider as an Upcoming Multibagger.
Nifty to 20000!! BOOOM FLAGHello traders hope you all going profitable!
Before this I have posted a Idea containing Nifty forming a morning star on Daily Basis and now we are going to analysis on week time frame after a successful pull back
Currently Nifty is forming a bull flag on the week basis also backed up by the three white soldiers + RSI above the 60 level(as per the modern scenario) While MACD is about to give crossover , SO we can wait for our 4th conformation but If you are aggressive you can go for it after the retest(Which may or may not happen)
That's it guys !
Like if you Agree as this also encourage me to publish more Ideas with you!
HAPPY PROFITABLE TRADES
"More Beautiful Than The Taj Mahal?"We recently broke through the key pivot point.
A lot of energy was used to achieve that.
Wait for pullbacks to the pivot point to pinpoint your entry.
Enter with conviction.
Purpose!
This long could be more beautiful than the Taj Mahal but we must be patient.
The last rally before the big crash.
We have our Indian stock forecast for 2022.
Are you prepared for 2022?
I have my predictions but first let me here yours.
I read every reply.
- Ninja
GMRINFRA - Breakout or Fakeout? - Watch out 43.35 & 46.10 levelGMRINFRA has been on a run for last 2 years, already up by 300%. It recently tried to break out the trend line, but it needs to be to close above the 43.35 levels for break out confirmation. It's also testing the key weekly and monthly levels in the charts, consolidated for a very long time forming a strong base. Keep an eye on the levels 46.10 levels, break out can be explosive. Any rejection from the levels 43.35 & 46.10 will make the stock further consolidate for some more time.
CDSL trying for big breakout CDSL is at a critical resistance level and has been trying to breakout these 3-4 times in last few months. It's in ascending triangle pattern, which is considered bullish. If the daily candle is fully above the resistance level for 2 consecutive days, it will go big, else come back in triangle for further consolidation.
TCS Jan 2nd week #tade 1.3
if the price trace green line buy at the arrow mark and take profit at indicated lines, boom..!
if the price trace blue line buy at the arrow mark and take profits at indicated lines, boom..!
if it goes to stop loss, the trade is successful failed :)
I dnt hv the patience to explain
Not a advisor, trade at ur own risk
happy trading :)
Indian market: Kill zoneThere is a killzone in this.
What this means is that it's an optimal zone to take a controlled loss. Errrh.. that's called a 'stop loss'.
That means there are losses involved.
Shorting markets is well known to be more dangerous than going long in markets.
This is not advice to short.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.