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IOLCP - Downtrend - Short term target 382 , may be 302 as well IOLCP had a massive run up and has been been on bearish trend after making all time high. This is a no touch stock right now, as the short term and mid term trend are bearish. It's making higher high and lower lows, one can start investing after the trend starts reversing to bullish. Volume has also died down, basically no interest from institutional investors. Don't try catching a falling knife. You can keep shorting the stocks until trend changes. I see target 382 coming and may be 302 as well.
NSE:IOLCPShort
by gmaster29
2
BankNifty Downward Channel - Testing Key Support Levels BANKNIFTY seems to have reversed the trend from Bullish to Bearish and has been making higher lows and lower highs. It seems to consolidating in a downward parallel channel in a very tight range as shown in the chart. It needs to get out of the channel upwards to break the bearish trend. Short term we might see some bounce off to hit the upper end of the channel and pull back later. With holiday season setting off US and Europe, we might see light volume ands bounce offs. Don't take any aggressive bets right now , either long or short side. Wait for 2022 to kick off and get a direction to market. Watch out for the key support levels 33910, 32115 and 30405.
NSE:BANKNIFTYShort
by gmaster29
FCPO continue 6400 or Short Term Correction?FCPO set their biggest weekly gains in more than 9 months despite a sharp drop on Friday, as Russia’s attack on Ukraine stoked worries about global edible oil supply. I believe who traded last week hopefully you were enjoy the roller coaster ride in the market. For your information, Ukraine is a major key supplier of grains and oilseeds globally, any further threats to trade will shift demand for other vegetable oil such as SBO and CPO. As we all knew that the unresolved Ukraine crisis may further erode the supply of vegetable oil, grains, crude and natural gas due to the grain flows disruption in Black Sea export region with all transportation avenue were disrupted by military operation. Besides, India stopped buying sunflower oil following ports suspended operation on Russia’s invasion of Ukraine. India pivot to alternate oils could further support Malaysian palm oil and US soyoil. On the other hand, surging in COVID cases also keep palm oil prices elevated for 1H2022 as shortage of labour and supplies. Furthermore, worsening yields in Argentina and Brazil pushed importers to buy from alternative supplier. Technical View: Market uptrend remains with immediate support at 5825. Stochastic K% line is crossing down at overbought zone in both weekly and daily chart which indicates reversal signal We expect market may have short term retracement with immediate support level at 5625 Suggestion Trade: Short if stay below 5885 Target Stop Loss (resistance level) 6023 Target Profit level (support level) TP1 5747 TP2 5471 Long if stay above 6200 Target Stop Loss (support level) 6062 Target Profit level (resistance level) TP1 6338 TP2 6614 ** DISCLAIMER: FOR INFO ONLY. TRADING CARRIES RISK **
MYX:FCPO1!
by happytrading96
(ONSE:RHIM) RHI Magnestia India Capital Cycle Play?RHIMagnestia India ltd earlier known as Orient Refractories Limited (ORL) is in the business of manufacturing and marketing special refractory products, systems and services to the steel industry in India and Globally. It is a market leader for special refractories in India and has many global customers for its international quality products. KEY POINTS Revenue Breakup Presently, the company earns 74% of its revenues from manufacturing of refractories and 22% from trading of refractory items. Dependent Industries Demand for refractory is primarily dependent on steel industry, which accounts for 75% of total sales. Refractory products are also used glass, cement, non-ferrous, petrochemicals, etc. Manufacturing Facilities The company has 2 manufacturing facilities located in Bhiwadi, Rajasthan and Tangi, Odisha for its manufacutring operations. Capacity Expansion & Investment In FY20, The company purchased certain assets of Manishri Refractories & Ceramics Pvt Ltd's plant situated at Cuttack, Odisha for ~44 crores. The plant has capacity of 10,000 tonnes of MGU bricks which will be increased to 18,000 tonnes post capex. It also acquired 100% stake in Intermetal Engineers India Pvt Ltd for 10 crores for manufacturing of steel plant equipments which are exported to its customers in Gulf and African Region and caters to 400 plant customers in India. Merger Scheme The company proposed a merger scheme to merge RHIIndia and RHIClasil (promoter group entities) with the company. The merger would issue ~4 crore equity shares to the shareholders of RHIIndia and RHIClasil which would have increased the equity capital of the company to 16 crores. The scheme was rejected by the NCLT in March 2020. However, the NCLAT directed NCLT to approve the scheme without any delays January, 2021. Acquisition by RHIMagnesita RHIMagnesita acquired 43.6% stake in the company from the core shareholders in March, 2013. It further acquired 26% stake through an open offer in April 2013. RHIMagnesita is a global leader in refractories with largest number of manufacturing locations around the world. Disc: Not invested as yet , might add a tracking position next week.
NSE:RHIMLong
by Peaceful-Weekend-Investing
THANGAMAYL (NSE) Thangamayil Jewellery Limited - Going to moon ?~Thangamayil Jewellery Limited is a jewellery company, which is involved in the gold and silver, and precious metals. ~The company is engaged in the business of gold jewellery, diamond and silver articles. ~The company offers its customers a range of ornaments across several product lines. ~ It primarily deals with four product lines: gold, silver, diamonds and platinum. ~The company's jewellery products include bangles, bracelets, rings, coins, articles, dinner sets, earrings, pendants, necklace, malai, silver anklets, silver jewellery and chains. ~The company conducts its business under the house name Thangamayil Jewellery. It also offers various savings schemes to its customers wishing to invest in gold jeweller for the long run. ~The company operates a chain of retail Jewellery showrooms across the Indian - state of Tamil Nadu. Its branches are located in Madurai, Rajapalayam, Ramnad, Udumalpet, Theni, Tuticorin, Cumbum, Palani, Villupuram, Sivakasi, Karaikudi and Eral, among others.
NSE:THANGAMAYLLong
by Peaceful-Weekend-Investing
Nifty 50 , Any confusion still?Alight people. Happy new year, this is my first post after the new year. I was looking for different markets and here is the one which needs some applause Nifty 50 from India. I like Fibonacci and presenting my idea. Monthly in Red, Weekly in Blue and other fancy things are self explanatory in the chart Now if you see daily view of this chart, then it's unidirectionally downtrend but I doubt this is the path to 16156 or 15986 or to fake it 15559. Eventually that's the number but the choice is by dance in between to lure people back to trap OR no time for fun , direct drop to trendline support which confluences with 78% retracement weekly. Who knows?? These are the important levels, if you want to try out 78% retracement, more than 75% time price bounces from there for a little before dropping to 16626 if today it closes above 16994 then it's a breather, not an entry point, come on have patience How to trade this? You can ask me that question in the comment section if there is any specifics needed
NSE:NIFTYShort
by letslearn
NIFTY TOWARDS ALL TIME HIGH??a significant correction has took place in market. for a good movement high correction will be in 5x speed. but is it done ?? as we could see clearly in 1d chart retracement level of 78.6 has been obeyed, also strong support has been offered by the trend line. for wealth accumulation buy stocks since they are cheaper now. we can see a all time high soon cause market took support and now its time fly high. what if support breaks ?? do not worry lads it has an amazing range below the current support, if market breaks current support this will be the best opportunity of 2022 just keep buying stocks aggressive buyers can keep buying with proper money management rule...!
NSE:NIFTYLong
by ASHIKTRADEBOX
1
TCS Buy -Long Term Bullish Channel, at key support levels nowTCS has been in long term bullish channel for few years now and has been moving within the parallel channel for a while. Right now it's consolidating at the lower end of the channel and might test key support levels at the lower channel trend line and 3385 levels. Long term investors can start accumulating at these levels even if there's a slight risk of pull back. TCS will hit the all time high above 4000 by Jan 2022 with stronger quarterly results.
NSE:TCSLong
by gmaster29