Reversal Trade - Godfrey PhilipGodfrey Philip
This stock is forming good Weekly Tighter Close. Let's wait & check out how it behaves this week.
17 Feb Week Rejection is alarming.
No follow through to that rejection in last week. This week is defending last weekly low so far.
Highly Risky Trade, Rs.600, I am targeting 10% i.e. 24 Feb 25 Weekly High.
This is not a Buy Reco, Do your own Diligence. This is purely for educational purpose.
COFFEEDAY trade ideas
COFFEED looking bullishCOFFEED has been forming a cup pattern or rounding the bottom with higher highs and higher lows.
You can observe buying volume in the last few sessions.
The daily and weekly RSI are above 60, and the monthly is nearing 60. This indicates a potential upside move.
It is trading near its neckline. If it breaks the trend line and retraces near it, it would be an entry point and can enter the trade for risk to reward ratio 1:3.
Buy Coffee Day Enterprises LtdCoffee Day Enterprises Ltd. which runs cafe chain with brand name Cafe coffee day is trading at a current price of 53.2 rupees but it's book value is 146. Its around 2.744 times book value. The company is running and generating profit even after the death of its founder years back. It shows that the management of the company is keen to take the company to new heights.
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BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in COFFEEDAY
BUY TODAY SELL TOMORROW for 5%
Channel Breakout - COFFEEDAY ENTERPRISESPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Good momentum and volume in CCD, up towards 75+In weekly timeframe, having trendline resistance around 77 ( where as monthly club is around 71) forming possible Cup and handle pattern with good volumes ...(last few sessions volumes shows strength)..
If it continues the strength then next targets would be 75, 100+ in 6 months.
Note: This is just educational purpose and not for recommendations at all.