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KOTAK BANK: The WIPRO of Banking sector!The chart is pretty self-explanatory as always. Also, as usual, below are some good-to-know pointers: - The stock has been range-bound for 2.5+ Years with clear support and resistance - The 2000 mark holds a strong resistance - The stock has a death cross on its daily chart - The PE has slightly improved - Now to the breaking news: - Mr. Uday Kotak has resigned as the MD and the CEO - The market may take it either way. - Given that the stock did not do well in the last 2.5 years, a change in top management may be viewed as a positive change - Given that it is Mr. Kotak who resigned, It may also be considered as a blow to the bank's leadership. However, Uday Kotak still holds more than 25% shareholding in the company. He would definitely continue to be the mentor for the upcoming CEO - The next couple weeks will tell us the overall view of the market What do you make of this price action? Will it plunge on Monday? Have Requests, Questions, or Suggestions? DM us or comment below.👇 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:KOTAKBANK
by TheChartereds
BARBEQUE NATION: The Psychology of YOUR tradesEmotions play a significant role in trading and can have a profound impact on decision-making and overall trading performance. Here are some common emotions that traders experience and how they can influence trading behavior: 1. Fear: Fear is a powerful emotion that often arises when traders face unexpected market movements or potential losses. It can lead to impulsive decisions, such as closing a position prematurely or avoiding new trades altogether. Fear can prevent traders from sticking to their trading plans and strategies, ultimately hindering their ability to make rational choices. 2. Greed: Greed is the desire for excessive profits and can lead traders to take unnecessary risks. It often emerges during bullish market trends when traders become overly confident and start making impulsive trades. Greed can cloud judgment and cause traders to hold onto positions longer than they should, leading to significant losses when the market reverses. 3. Hope: While hope can provide optimism, it becomes problematic when it's not based on logical analysis. Traders may hold onto losing positions hoping for a turnaround, ignoring warning signs that indicate the trade is unlikely to recover. Balancing hope with realistic assessments of market conditions is crucial to avoid capital erosion. 4. Regret: Regret can arise from missed opportunities or poor decisions. Traders may feel remorse for not entering a trade that subsequently turns profitable, or they may regret entering a trade that results in losses. Regret can lead to impulsive actions, such as chasing trades or deviating from the trading plan to make up for perceived missed opportunities. 5. FOMO (Fear of Missing Out): FOMO can lead traders to make rushed decisions in an attempt to catch up with perceived profitable opportunities. This can result in impulsive trading and following the crowd without proper analysis. FOMO-driven actions often disregard risk management and trading strategies, leading to poor outcomes. 6. Ego: Ego can arise from both winning and losing trades. A trader with a big ego may become overconfident after a string of successful trades, leading to complacency and neglect of risk management. Conversely, a trader who experiences losses may let their ego drive them into revenge trading, seeking to prove themselves and recover losses without a sound strategy. Successful traders learn to manage these emotions through discipline, self-awareness, and a well-defined trading plan. They understand that emotions can cloud judgment and lead to impulsive decisions, so they prioritize rational analysis and risk management to achieve consistent and profitable trading outcomes. Should we also post on the set of practices we personally follow to build disciplined psychology? It takes a lot of time and effort to compile such posts. If it was worth your time, Would you give us a boost? Have Requests, Questions, or Suggestions? DM us or comment below.👇 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:BARBEQUEEducation
by TheChartereds
1
BALKRISIND: Interesting Price ActionHey There! The chart should tell you everything you need to know about NSE:BALKRISIND Below are some additional pointers: - Huge candle breakout: Such breakouts usually show exhaustion and loss of momentum - Volatile long wick candles: The recent 3 Month consolidation at the resistance zone shows indecision. - RSI has a Bearish Divergence (-Ve) - MACD shows reduced bearish momentum (+ve) - A break and sustenance of the resistance zone will be crucial for further up move. The Psy. level of 2500 sits strong at this zone. - A break of the support zone may either mean a possible retest or a return to the previous consolidation range. The future price action will guide us w.r.t it. What do you make of this price action? Have Requests, Questions, or Suggestions? DM us or comment below.👇 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:BALKRISIND
by TheChartereds
NIO (NIO): High Risk, High Reward - do-or-die!NIO, a stock we've previously analyzed and profited from, remains highly volatile and is currently trending downwards. From its all-time high of approximately $67, it has plummeted to $5.21. This drastic decline occurred over just a bit more than three years, which is relatively short in the stock market. Several factors contribute to this volatility. Firstly, the automotive sector is inherently volatile. Additionally, the electric vehicle (EV) segment has faced political challenges over the past few years. NIO, being a Chinese company, has also been affected by EU subsidies for electric vehicles, adding to the stock's difficulties. Despite these challenges, we consider NIO a compelling investment from both a fundamental and technical perspective. Currently, NIO is holding the High-Volume-Node Point-of-Control on the New York Stock Exchange, suggesting that a bottom may be forming. This level is critical to watch as it could indicate potential stabilization and a reversal point for the stock. Short-Term Analysis Examining the 4-hour chart for NIO, we observe a low-volume node between $6.32 and $7. Whenever the price entered this zone, it quickly moved through it, indicating the nearest possible resistance levels. Thus, the levels of $6.32 and $7.04 are particularly interesting. Around $4.12, the Point-of-Control on the 3-day chart holds, but we could see a further decline towards the $3 mark. We are considering multiple entry points, employing a dollar-cost averaging strategy down towards the all-time low of $1.19. Strategy For NIO, this seems like a do-or-die situation. The potential upside is significant, with gains of nearly 400% if the price moves from $3 to Wave 4. We plan to place multiple entries and dollar-cost average downwards. However, if the price falls below $1.20, it would become unsustainable for NIO. While the potential upside is vast, it's important to recognize the risk of the stock continuing to decline towards zero. Given the current volatility, we find an entry before $3 too risky and volatile, so we are holding off on investment until the price stabilizes at more attractive levels.
NYSE:NIOLong
by freeguy_by_wmc
5
TATAMOTORS Support Breach: Bullish Opportunity!🚨 Stock Update: TATAMOTORS 🚨 Date : 16-05-2024 TATAMOTORS breached major support today due to heavy selling pressure and closed at 936.40. I expect the stock to consolidate for a while, which presents a good opportunity to accumulate. I'm bullish on this stock and plan to buy small quantities below 930 with a stop loss at the next support level (872.10) . My initial target is 1069 . Stay tuned for important updates and adjustments. Upvote and follow for regular updates! 📈💼
NSE:TATAMOTORSLong
by IndexAce
PAAL AI (PAAL): Potentially next x10 Low-Cap Gem identifiedOn the 4-hour chart for PAAL-AI (PAALAI), there is a noticeable 4H Order Block Cluster that has been touched twice, each time showing a strong reaction. However, the overall trend is weakening, which is apparent from the recent price action. Currently, there is a resistance zone between $0.50 and $0.60. This zone will likely be tested again in the future, and whether it can be flipped into support remains to be seen. The present trendline is holding, but several key points need to be watched closely. If the Order Block Cluster fails, the price could potentially fall towards the $0.20 and $0.13 levels, where the Point-of-Control is located. These levels would be attractive for longer-term entries, especially for a "moon bag" strategy, as they offer the potential for excellent returns in the next bull run. If the price dips again, the Order Block Cluster will be crucial to watch. Successfully defending this cluster could set the stage for another attempt to reach the recent high around $0.90.
Long
by freeguy_by_wmc
2
Kraft Heinz Company (KHC): The Beginning of a Massive MovementSince its IPO in 2015, the Kraft Heinz Company chart reveals a clear downward trend. From a high of $97.77 in 2017, the stock has fallen to $19.99. This could be considered Wave (1). While the exact bottom is uncertain, we anticipate a further decline below the $19.99 mark over the coming years. After hitting $19.99, the stock formed a three-wave structure upwards, typical of a corrective wave. This suggests that Waves A and B have been completed, and we are now entering Wave C or Wave (2). This wave is expected to reach between 50% and 78.6% retracement levels, translating to a price range between $58.64 and $80.81. Currently, the stock is trading within a high-volume node between $25 and $41, with the Point-of-Control (POC) at approximately $35.50, indicating the highest traded volume at this price level. This POC can act as a pivot point, potentially leading to a breakout in either direction. Given the high-volume node and the potential completion of the corrective wave, we might soon see an upward breakout. However, monitoring these levels closely is crucial to anticipate the stock's next move. Examining the 4-hour chart of the Kraft Heinz Company, we can see a bullish structure emerging since Wave B, which was established at $30.68. This bullish trend is characterized by a five-wave structure leading to Wave (i), followed by a correction to Wave (ii). Currently, we are developing the sub-waves (1) and (2). The chart shows that we are still adhering to a wedge pattern. Recently, liquidations above Wave 1 have been collected, and support was perfectly respected at the end of last week. This support level is crucial for maintaining the bullish structure. Looking ahead, if this support holds, we expect Wave (iii) to potentially reach the $45 mark. This provides an opportunity to plan entries. However, caution is advised since entering bullish trades within a generally bearish trend can be risky. It's imperative that this support level holds. A drop below it would invalidate the short-term bullish scenario. Furthermore, we should not fall below the $30.68 level of Wave B. If this level is breached, we will need to reassess and re-evaluate the entire structure.
NASDAQ:KHCLong
by freeguy_by_wmc
$EURUSD pessimistic proposal for a pair of yearsI believe, that FX:EURUSD should stay sustainable and reliable pair for a long time, but I suppose it will take a part in an descending flow till the end of 2025 - mid of 2026. Ratio 0.85:1 looks like a possible scenario for the next time. Does not constitute a recommendation. #furoreggs #investing #stocks #shares #idea #forecast #trading #analysis If you want to discuss, please subscribe and challenge this point of view )
Short
by furoreggs
2
BJP Election Jeete ya Haare BIKAJI FOODS ki Mithai to Banti hai Company has delivered good profit growth of 39.5% CAGR over last 5 years Delivered overall volume growth of 14.3% and value growth of 33% in Q4 YoY EBITDA margin expanded by 244 bps in FY 24 over FY 23. This was led by gross margin expansion by 329 bps due to favourable material prices along with better product mix and realisation. In Q4 FY PLI income has been recorded amounting to INR 930.5 millions (for FY 20-21, FY 21-22 and FY 22-23) as all commitments have been fulfilled. Going forward this will be recorded on accrual basis quarter on quarter. Total committed investment was done by 31 March 2024 as per committed timelines. Realised amount of INR 484 millions for FY 2021-22 and FY 2022-23 in two tranches from Government. Since commitment is completed, from this year onwards started booking PLI income in books of account under “other operating revenue” as per accrual concept of accounting. In current year booked income in books pertaining to FY 2021-22, FY 2022-23 and FY 2023-24. Going forward same will be booked quarter on quarter basis. Bikaji Foods International Ltd (previously Shivdeep Industries Limited) was founded in 1986 as a partnership concern and was converted to a limited company in October 1995. The erstwhile firm used to sell its product under the name of Haldiram, and from 1993 onwards, the company established the BIKAJI brand for its products. The company is engaged in the manufacturing and processing of bhujia, papad, namkeens, cookies, snacks and sweets, among other products. It also exports to more than 35 countries and contributes approximately 5% of sales. The company has ISO: 9001:2015 and ISO 22000:2005 certified manufacturing facilities in Bichhwal, Bikaner. Bikaji Foods International Limited is one of India's largest fast-moving consumer goods ("FMCG") brands. The company's product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily include gift packs (assortment), frozen food, mathri range, and cookies.
NSE:BIKAJILong
by iism-ExpertTrading
Bitcoin(BTC/USD) Daily Chart Analysis For Week of May 31, 2024Technical Analysis and Outlook: Bitcoin gyrated in this week's trading between our major Mean Sup 67100 and the newly created Mean Res 69400. The upward movement target shows a continuous target of Bull Stage Squzee Rebound 73200, marked as Key Res 73200. The main obstacles are Mean Res 69400 and 71500, respectively. On the downside, we look at the established Mean Support at 65000 as a concrete target before a renewed upswing occurs.
BITSTAMP:BTCUSD
by TradeSelecter
ASHOKA METCAST LTD Chota Packet Bada DhamakaStock is trading at 0.58 times its book value Promoter Holding Increased 9.66 % over Last 6 Years From Year 2020 to 2024 Company Have Gradually Purchased their Fixed Assets of 20.57 CR . in Year March 2018 Company Reported Total Annual Sales of 19.17 CR Now in Year March 2024 Company Reported Annual Sales of 66.25 CR Net Cash Flow Is Healthy Cash Convertion Cycle and Working Capital Days have Also Decreased Reserves and Equity Capital showing Increasing Strength
NSE:ASHOKAMETLong
by iism-ExpertTrading
EMAMI LTD Have Broken & Sustaining at 6 Years High Zandu Balm Mal.... Kaam pe Chal ... Company is almost debt free. Company has delivered good profit growth of 19.2% CAGR over last 5 years Company has a good return on equity (ROE) track record: 3 Years ROE 33.1% Consolidated Net Sales at ₹ 881 crore grew by 8% Revenue from Operations at ₹ 891 crore grew by 7% Domestic Business grew by 8% (Volume growth of 6.4%) International Business grew by 8% (Constant currency growth of 9%) Gross Margins at 65.8% improved by 270 bps EBIDTA at ₹ 211 crore grew by 6% despite 39% higher investments in A&P PAT at ₹ 149 crore grew by 3%
NSE:EMAMILTDLong
by iism-ExpertTrading
Filecoin (FILUSD): Preparing for a Gap Fill - Levels to WatchFor Filecoin (FILUSD), we are currently looking at a scenario where there is a Weekly Fair Value Gap above us. We are quite confident that this gap will be filled; the only question is when. We believe there is a potential good entry point at the current levels. Below us, we have several supports. The first support is a 12-hour demand zone. Additionally, we have an Order Block Cluster and a simple support zone. These levels, combined with a favorable volume profile, should provide enough momentum and support for an upward move. Our primary target is the Weekly Fair Value Gap close. Once this target is reached, we will reassess the situation to determine whether the price will continue upwards or face a sell-off. This reaction will guide our next positioning. For now, our strategy is to aim for the gap close and position ourselves accordingly. Additionally, when we examine the Liquidation Heatmap for Filecoin, we notice several liquidations above our current level, specifically between $6.35 and $6.65, just above the recent high. This indicates two possible scenarios: Liquidations Triggered and Pullback: We might move up to trigger these liquidations, then experience a deeper pullback. Liquidations Triggered and Continuation Upwards: Alternatively, we might fill our current support levels and then move upwards towards these liquidations. If these liquidations are absorbed, we could either shoot through and continue upwards, or we might pull back after triggering them, leading to a potential continuation to the downside. It's important to be aware of these scenarios. Given that there are few liquidations below the current level, we do not expect significant downward wicks or deep pullbacks. Looking at Filecoin on the VWAP chart, we observe a sideways movement where the price repeatedly moves up and down but always returns between the 2024 Q1 VAL and the 2023 Q4 VAH. These two levels appear to be holding as our current range. We expect a small pullback, supported by the 2024 Q2 VAL and the 2023 Q4 VAH. These should act as our support zones on the VWAP chart. On the upside, our target is the 2024 Q1 VWAP at $7.70. Above this level, we anticipate resistance around $9.32. This analysis suggests a short-term strategy of buying at the support levels and targeting the identified resistance points.
Long
by freeguy_by_wmc