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Positionalcall

IRCTC Breakdown Trading StrategyThe stock price of IRCTC has fallen below major support levels and currently offers good positional opportunity. The business has a monopoly and the current news flows had impacted the sentiments negatively. The news impact seems to be over and the stock is prepared to perform. Note: The idea shared is aimed at spreading practical awareness of the theoretical concept of Breakdown Trading Strategy. Do not make any financial commitments based on this.
NSE:IRCTCLong
by Gaurav_Singh_5705
NATIONALUM BIG BREAKOUT & RETESTFundamental Analysis 1. Amazing Book Value 2. Nearly Zero Debt 3. Attractive Dividend Yield 3.30%(Extra Return on Holding for just 1 Quarter) 4. ROE & ROCE is Fascinating above 10-15% 5. Underperformed Like other PSUs and blasted in 2022-23, This Year Metal Sector Will Blast and Nationalum Will be Outperformer of Market 6. Sector Leader with Hindalco 7. Consistent Increasing sales and profit both QoQ and YoY also. 8. Increasing CWIP Will also create more revenue and profit. 9. More than 85-90% of holding is in Ultra strong DIIs FIIs & HNIs(Low Public(Weak) Holdings). Technical Analysis of NATIONALUM 1. Accumulation phase is over (Big blast Breakout after 15-16 Years Like PFC, REC, TWL,MRPL, Chennpetro) 2. Successful Breakout on Daily, Weekly & Monthly TF 3.Breakout with Huge Volume happening 4. Volume Increased during Accumulation Phase from 5. Retest of Breakout Level Completed and Rejection shown on Daily TF & Buy Signal on H1 TF Buy @ 130-135 SL - 120 Target- 250 Holding Time 3-6-9 Months Possible Projected Loss- 10% Probable Projected Target - More than 80%
NSE:NATIONALUMLong
by Wealthy_Vikish
3
NYKAATechnical Data 1.Accumulation Phase of About 1 Year 2.Increased Volume during Accumulation Phase 3.Big Breakout on Weekly TF with Big Volume 4. Retest of This phase is also done 5. Price Respected Breakout zone of 150-155 6. Rejection & Buying Confirmed on Weekly TF Fundamental Data Analysis 1.Company is posting Increased Quarterly Results 2.Fundamentals & Company management is strong 3.Big Institutions also increasing stakes continuously 4. Kind of monopoly listed player in Market (Study BSE for monopoly listed player) 5. Consistently growing business & market share Buy at CMP @155-157 SL- @135 Target 1-310 (100% Returns) Target 2 - 410 (More than 150%) Time Period- Next 6-12 Months
NSE:NYKAALong
by Wealthy_Vikish
1
FORMATION OF DOUBLE BOTTOM: PRAJ IND1. Identifying the Downtrend: A downtrend is characterized by a series of lower highs and lower lows. Upon analyzing the price chart of Praj Industries, it's evident that the stock has been declining over a certain period. This downtrend is marked by a consistent pattern of lower highs and lower lows, indicating selling pressure and overall bearish sentiment in the market. 2. Double Bottom Formation: e observe the formation of a double bottom pattern within this downtrend. A double bottom pattern is a bullish reversal pattern that typically forms after an extended downtrend and signifies a potential trend reversal. In the case of NSE:PRAJIND , we identify two distinct troughs (bottoms) formed at approximately the same price level, separated by a peak (intermediate high). This formation suggests that selling pressure may be waning, and buyers are stepping in at the same support level twice, indicating a potential shift in sentiment from bearish to bullish. 3. Confirmation and Trade Setup: To confirm the validity of the double bottom pattern and initiate a trade, we look for a breakout above the neckline. The neckline is drawn by connecting the highs between the two troughs of the double bottom pattern. Once the candle closes above the neckline, it serves as confirmation of the pattern completion and signals a potential entry point for a long trade. 4. Target Projection: The target for the trade can be estimated by measuring the distance from the lowest low (bottom) of the double bottom pattern to the neckline. This distance is then added to the breakout point (the neckline) to project a potential upside target.
NSE:PRAJINDLong
by VanshikaUdeshi
GSK (GSK) Outperformed Market ReturnsIn the latest trading session, GSK (GSK) closed at $37.10, marking a +1.23% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.63% for the day. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 0.39%. Prior to today's trading, shares of the drug developer had gained 0.27% over the past month. This has outpaced the Medical sector's loss of 1.62% and the S&P 500's loss of 3.39% in that time.
NYSE:GSKLong
by DEXWireNews
HPAL - At Support - Pullback TradeI identified this stock as a probable candidate for a breakout trade (Refer to the previous post linked here) And we did see a breakout and run up to 540-550 levels. Now the stock has come back to the breakout level, the previous resistance area which now would serve as a support area( 455-463) and this week a hammer-like candle is also formed in the support area, portraying a good opportunity for a pullback trade. The structure of the stock is still very positive and this could be a great risk to reward swing to positional trade. The initial target is recent highs i.e. 540-550 and the further target is around 600 levels. Close below 450 would negate the trade.
NSE:HPALLong
by manuagarwal21
2
HPAL Ready For Breakout HP ADHESIVES is a stock that can be another great positional pick considering the great risk-reward ratio it is offering right now. The reason I picked this stock is that, it has been consolidating for the past 8 weeks in a tight range of approx 8-10%. And this consolidation is happening at previous resistance around 410-460 levels, where the stock took resistance multiple times in the past. Price Resistance First in Jan 2022 Second on April 22 Third on Sep 22 And this time from June 22 By looking at price action, the breakout looks inevitable on the charts and stock can move fast towards 500 to 560 levels in the coming weeks which would constitute approx 20-23% return in a short span of a few weeks.
NSE:HPALLong
by manuagarwal21
HDFCLIFE TOWARDS 800-840 levels HDFCLIFE Ltd is trading in an up-sloping channel, and within this channel, there is a probability of a Shark Pattern, which if unfolds can take stock towards 800- 840 levels in the coming weeks and months. Can't comment on how smooth is movement is going to be, but any dip in the stock would be an opportunity to go long in the stock, as long as the stock is trading above the 590-600 levels. Positional Trade timeline: 3-4 months. The upside of approx 25%, more if bought in the dip.
NSE:HDFCLIFELong
by manuagarwal21
Happiest Mind 61.8% Fibonacci Positional TradeFibonacci 61.8% retracement is the most important Fibonacci level in the markets and is a good trading strategy when combined with price action. This retracement level is most likely to generate a reversal price move. Happiest Mind once bounced from 61.8% Fibonacci support in the month of July 2022. Currently, it is retesting the same support area and there is a probability that it might bounce from here again. Considering the good risk-reward ratio, there is a good positional trade opportunity here. If the price sustains 750 levels, there is a possibility that it might test 1000 levels initially and then 1400 levels this year.
NSE:HAPPSTMNDSLong
by manuagarwal21
TASTY BITE AT IMP SUPPORTAnother stock, that came on the radar is Tasty BIte for a Positional Trade. The stock made a low of 8050 in the last week of June 2022 and then rallied massively from there and made a High of 13700 in late August 2022. That's a huge 70% return in just two months. Usually when stock witnesses such a fast move it usually consolidates for a long time afterward. Now the stock has been consolidating for the past 3 months in a 20% range i.e 11300- 13700. There can be two types of trades that can take place: 1. Support Trade 2. Breakout Trade Support Trade: Stock can be bought near the support level, which would offer a great risk-reward ratio, but at the same time, Cons of Support Trade: your capital might get blocked for a long since we do not know how long it's gonna consolidate. Breakout Trade: Keep the stock on the radar, Wait for a Breakout Manage Your Risk as per your capacity Cons of Breakout Trade here: You might miss the stock, as it gives huge swings and the risk-reward wouldn't be favorable by then. Trade at your own risk
NSE:TASTYBITELong
by manuagarwal21
SPX - October outlook, soft landing or hard crash?G'day, Breakdown: 1. Note 2. Contents 3. Research breakdown 4. Education recap 5. Information on Lupa. A note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged Short due to the overall monthly supply in control, until the opportunity of a rejection of the PCP has occurred or a long opportunity from a break and retest of the trend. Overall, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers. Until this criteria is met - shorts are held. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. However, note, at current we are awaiting confirmation of a Bearish move. Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Orange = Daily White = Structural move down Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence. Monthly We have a fresh level coming up. Below this flip zone as a PCP or Drop base Drop scenario will provide us a clear pathway to the 'Covid lows of 2020'. Reasoning - original levels needs to be the arrival destination for the buyers. Weekly Time frame of interest as a whole as it ignores the smaller pictures. Shot continue to dominate - the monthly indicates strong wicks which showed reactive buys. Price will mainly look now to test the weekly and turn the current zone into a PCP zone. (await confirmation on daily). The zones are clear for profit targets and strong places to hedge buys from these zones. Four Day VIP availability for write up. Daily scenarios Scenario will be either, break and retest - (risk minimized move) Buy impulse will be an option upon the last buying opportunity as the zone is now tested twice on the weekly and monthly has indicated a strong supply in the case of a BASE within the PCP or DBD scenario. Do you enjoy the setups? Professional analyst with 5+ years experience in the capital markets Focus on technical output not fundamentals Focus on investing for long term positional moves Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXII
OANDA:SPX500USDShort
by LupaCapital