CCL Products Positional Upside IdeaAs per my analysis, best level to take upside entry on NSE:CCL is 488 with stop loss of 475 (13 Points)
Can hold long for targets of 498, 506, 515 & 526.
Note: This is my personal analysis, only for learning. Thanks.
About CCL Products (India) Limited ::::
CCL Products (India) Limited manufactures, trades in, and sells instant coffee and coffee related products in India. It offers spray dried coffee powder and agglomerated coffee, freeze dried coffee, freeze concentrate liquid coffee, roast and ground coffee, roasted coffee beans, and premix coffee. The company provides its products in various packs, such as jars, cans, pouches/sachets, big bags, bulk boxes, and drums under the Xtra, Speciale, Freeze Dried, Malgudi, and THIS brands. It also exports its products. The company was incorporated in 1961 and is based in Hyderabad, India.
Cclbuy
CCL Double BottomConsistent rejections can be seen along the 2.618 circle line (red hammers)
Drawing the major trend line we can see bottom formations continually forming a long here
Right now the bottom formation present is more reliable than ever due to its placement in relation to 1.618 fib
A double bottom will form on this Weekly chart and reject upwards
CCL Big Picture (BIG Picture) LevelsSo I did a bigger picture and yes normally our focus is on penny stocks. But that also involves looking at broader trends. So, travel and leisure penny stocks, for instance. Sub $5 stocks like TRVG LTRPA and AHT are all at "risk" of pressure from negative sentiment in larger market trends. CCL has been somewhat a bellwether for certain travel & leisure penny stocks and right now appears to have its trend echoed with stocks like the ones mentioned here.
I took the Fib retracement out to feb 2018 when CCL reached its 3-year high and used last year's low as the anchor. What was interesting was how CCL traded around the 786 level. Coincidentally, it has been an interesting area for the stock and wouldn't you know it, though it broke below its 200DMA, it's back to testing the 786 fib line. With Biden commenting on the state of the economy next week, all technical levels could be important to monitor. In this case, the 786 fib seems to be a good one to pay attention to right now.
CARNIVAL CORP (CCL) Monthly, Weekly, DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.