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Dalmia Sugars - How to pick the Right Entry Price !!!On Aug 29, there was a Post market News being circulated across all Social Media Channels that the Govt has removed the Cap on sugar Diversion for Ethanol Production. As an instinctive reaction, everyone suggested to start loading Sugar Stocks and it would rally immediately www.moneycontrol.com But in Reality - only on Friday there was a mad rush on market opening which waded-off before close of the day and all Sugar stocks fell from their opening price and from then, most of the sugar stocks continued to fall. This is the Reality of NEWS Based Trading... If the market always reacts in the same direction as mentioned in the NEWS, then the entire world would be filled by Warren Buffets :) One of my friend was seeking advice on Dalmia Sugars - given the mad rush. Here is the detailed analysis..... Not just for Sugar Sector, Not just for Dalmia... This is how every stock needs to be analyzed... 1. On Quarterly chart - the price is travelling within a Life-Long Parallel Channel 2. The price repeatedly formed Rounding Bottom structures (Cup pattern) 3. The Depth of the Cup each time has been -80% from the respective peak levels 4. From Jan 2020 to Apr 2021 - the price had a massive Blast of 1,155% from Rs. 39.75 to Rs. Rs. 499 5. The price is going sideways with minimal dip (an Inverted Head and Shoulders pattern / small Rounding Bottom) from Apr 2021 till date - During this period - the price attempted several times to Break out of the Previous High 500 but though it had 2 instances of breakout, it could not sustain above 500 6. The Current Market is News driven, purely to the Panic sensation of over valuation. Although I don't agree that Market really works on Valuation, the Crooked Media Analysts are constantly feeding Panic to public that Market is due for a Crash / Correction Although I am strong on my view that there will be NO MAJOR CORRECTION atleast until Apr 2028, I don't discount the fact that there will be intermediately Blips - strong blips of 1-2% down or even 3-4% down in a day which will recover soon But NOT all stocks will recover from these Blips. Especially the ones like Dalmia Sugars Because of the following reasons 1. 500 Level has been super strong 2. Stock has already given massive returns and in consolidation mode 3. In the previous 2 instances - the stock always fell down to the previous Rounding Bottom BO zone and also tested the Bottom of the Parallel Channel 4. If the last week's news could not break out of the 499 Resistance, then it won't be easy now. Even if it breaks above 500, there are 2 more resistances 545 and 570 Unless and Until 570 is fully broken out and sustained for 1 full week, the price WILL fall back below 500 anytime soon. All it needs a single day of market volatility - due to some NEWS even if it is NOT related to Sugar sector. If the Small Cap / Mid Cap index falls on a day, then 500 Support would be broken down and then the price would fall all the way down to the previous support level of 202 which is -56% lower than current level When it reaches 202 - it would touch the bottom of the Parallel Channel and bounce back and continue the previous patterns For now, the Risk of Falling based on NEWS is much higher given there are 3 back to back resistances the price has to negotiate (500, 545, 570) in near term Even if the Sector starts a rally, Dalmia sugar might see a drag unless 570 is taken out. So, even if there is a Sugar Rush - better NOT to Rush on Dalmia Sugars. There are other sugar stocks to look into Disclaimer: Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart. We neither follow Fundamentals nor Traditional Technical Analysis which bases its opinion on several Indicators. We follow an Affective Neuroscientific Approach for Market Analysis - the branch of Science that deals with Human Emotions and Reactions based on emotions. Instead of controlling our Psychology, if we understand and be prepared to handle the larger market player's Emotional reactions - we improve our success rate Please consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:DALMIASUGShort
by Stocks-n-Trends
EUR/USD SELL SIGNAL#RISKYHey tradomaniacs, welcome to new trade-idea. Note: This setup involves is a high as the ECB-news can cause everything. I personally expect the ECB to come up with a dovish statement as previous news have shown that the recovery is not as good as expected. I take this trade with a low risk as I think that big players are currently pushing price up to attract more buyers to provide liquidity. Stop-Loss should be far enough for the upcoming possible volatility. ONLY ´take this trade if you can keep your risk low and accept a potential loss!!!!!!!! I take this trade because its the very perfect zone to sell for a high risk-reward. EUR/USD: Daytrade-Execution Market-Sell-Order: 1,18420 Stop-Loss: 1,18910 Target 1: 1,17940 Target 2: 1,17605 Target 3: 1,17040 Stop-Loss: 49 pips Risk: 0,5% - 1% Risk-Reward: 2,90 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
3
GBPNZD Post news trade Short + 188 Pip PotentialFollowing the positive reaction to the NZD interest rate decision where they kept the interest rate the same, when a cut was expected, coupled with the negative UK CPI . We have the potential for a great continuation to the downside. Entry = 2.0124 Stop = 2.0144 Risk = 20 pips Profit target = 1.9936 (the Daily KS) Reward = 188 Pips RRR = 9.4-1 Once this trade is up + 20 pips, move your stop to breakeven and let it run. I would appreciate if you leave a comment or like as a thank you Allen ** Please note that the last new trader training session for 2019 is going to be the week of December 2. Since I think it is extremely beneficial to have the book at least 2 weeks prior to the training, the last day to obtain the book will be November 15. If you are interested please message me.
Short
by AGold54
11
GOLD: Daytrade-Opportunity#TRUMPtradeHey tradomaniacs, welcome to another free signal! Important: News from China caused a rising stock-market. In terms of correlation this move caused a fakeout for gold and could cause a continuation of sell-pressure until we see Trumps next tweet. ;-D ----------------------------- Type: Daytrade Sell here: 1537,35 Stop-Loss: 1547,59 Target 1: 1525,97 Target 2: 1521,65 Target 3: 1516,76 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
TVC:GOLDShort
by Trading2ez
9
GBP/USD: Newstrade-PLAN#SELLHey tradomaniacs, welcome to another free signal! Important: This is a NEWS-TRADE-PLAN for UK Claimant Count Change. We just want to follow thw downtrend, so we just sell this asset when NEWS are bad. Otherwise we don`t trade this plan! ----------------------------- Type: Newstrade Sell @ : 1,20620 Stop-Loss: 1,20773 Target 1: 1,20371 Target 2: 1,20170 Target 3: 1,20112 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
EURNZD SS Post News Long Trade + 100 Pip Potential We had a good push up on the Eur pairs on ECB rate decision and Press conference. This pair has now gone into a consolidation between 1.6752 (High) and 1.6698 (Low). Moreover, it is now above the 60 and 15 clouds, as well as the 60 KS and 15 KS Entry = 1.6699 Stop = 1.6679 Risk = 20 pips Profit target = 1.6799 Reward = +100 Pips RRR = 5-1 Once this trade is up + 25 pips, move your stop to breakeven and let it run. I would appreciate if you leave a comment or like as a thank you Have a great weekend! Allen
Long
by AGold54
4