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Positional

Positional trade setup for Century Enka LtdStock: Century Enka Ltd Current Price: 776 Stop Loss: 634 This suggests a bullish outlook. Potential Positional Trade Idea Long Position: Rationale: The wide stop-loss indicates a strong conviction in the upward movement of the stock. Given the current price of 776 and a stop-loss of 634, there's a significant potential upside. Target: Determine potential targets based on technical analysis (like resistance levels, Fibonacci retracements, etc.) or fundamental analysis (like earnings estimates, industry trends). Risk Management: The stop-loss of 634 is already in place. Consider additional risk management strategies like trailing stop-loss or position sizing. Essential Considerations Technical Analysis: Conduct a thorough technical analysis to identify potential support and resistance levels, trendlines, and chart patterns. Fundamental Analysis: Evaluate the company's financial health, industry trends, and competitive landscape. Risk Tolerance: The chosen stop-loss indicates a high-risk appetite. Ensure this aligns with your overall investment strategy. Diversification: Consider diversifying your portfolio to manage risk. Additional Information Required Investment Goals: Your overall investment objectives (income, growth, or preservation). Risk Profile: Your tolerance for risk. Remember: The stock market is volatile, and past performance is not indicative of future results. Always exercise caution and do your own due diligence.
NSE:CENTENKALong
by RajputAmarjit
Deepak Nitrite: 18 months of sadness 😞This Analysis was requested by @anerishah269 The chart should tell you everything you need to know about NSE:DEEPAKNTR : However, Below are some 'good to know' pointers: - The Price action is completely sideways in nature with clearly marked support and resistance zones - The price has been consolidating for over 18 months now - Owing to the sideways nature, the breakout of the trendline did not have a huge impact on the price momentum. The price immediately took a rejection from the resistance zone and gunned for a retest. - Bearish crossover of MACD on a weekly TF is a negative - The PE ratio has worsened - The Psy. levels of 2000 and 2500 are at play - We can expect some good momentum once either of the zones is broken. Until then, it's hold the fight and sit tight situation for us. What should we analyze next? 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:DEEPAKNTR
by TheChartereds
5
BDL - BREAKOUTBharat Dynamics is a Government of India Enterprise. It is engaged in the manufacturing of guided missiles and allied defence equipments. FUNDAMENTAL - Company is debt free - 1 year return : 200 % - 5 year return : 900 % - Company is generating wealth - Free cash flow 10Y : 2300 cr TECHNICAL - After 1 month of staying in a range and a few attempts of breakout, the stock is finally breaking out towards new highs. - RSI is 70 on daily which may be slightly overbought but if can be bought for a swing trade ( 3 - 5 trading days ) - Trading above 21 and 50 EMA - Bullish - MACD attempting to cross over. Overall for swing trade : BULLISH For Investment : Wait for pullback as RSI on monthly TF is 90 which is highly overbought. Place a SL If you missed your entry, wait for a pullback and enter at the retest zone or when crosses the high of the pullback. Happy Trading:)
NSE:BDLLong
by rohix