MAPMYINDIA – Breakout Setup on Weekly Chart!🔹 Support: ₹1513, ₹1600
🔹 Resistance: ₹2343, ₹2747
🔹 Breakout Zone: ₹1750-1800
The stock is consolidating after a strong rally and forming a potential breakout setup. A move above ₹1750-1800 with volume can trigger a fresh rally.
🎯 Targets: ₹2340, ₹2740
📉 SL: ₹1510
Looks like a Stage 2 continuation if it clears resistance! 🚀
📌 Disclaimer: Not financial advice. DYOR.
MAPMYINDIA trade ideas
MAPMYINDIAMAPMYINDIA stock price traded at support area, si it possible chances that it will move upper side. Target 🎯, marked on chart. Stop loss below daily closing of trend line.
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
MAPMYINDIA : Building up for recovery MapMyIndia (CE Info Systems)
Corrective Wave C Completion: The price corrected to ₹1,446, forming a liquidity zone where buyers are likely to emerge.
Target Zone: Fibonacci retracement and prior highs suggest targets at ₹2,303-2,406.
Stop Loss Placement: Below ₹1,320, indicating a failure of buyer interest.
Trade Plan:
Entry: Buy between ₹1,446-1,500, aligning with the demand zone and the end of Wave C.
Target: Exit partially at ₹2,303 and fully at ₹2,406.
Stop Loss: Set at ₹1,320 to protect against downside risks.
Risk-Reward:
Risk (₹1,320): ₹126 below entry at ₹1,446.
Reward (₹2,303): ₹857 above entry.
R/R Ratio: 1:7 – an excellent swing trade setup.
Educational Tip: Corrections near Fibonacci levels (61.8%, 78.6%) often mark reversal points. Monitor price exhaustion signals like long wicks or bullish engulfing candles.
Final Thoughts: Follow your plan with discipline. Adjust trailing stop losses as the price moves in your favor. Always calculate R/R before taking any position.
Let me know if you need further refinements!
C.E. Info Systems Ltd. (Map my India) can be mapped by investorsC.E. Info Systems Ltd. or Map My India engages in the provision of digital map data, navigation, and tracking services. It offers GPS navigation devices, GPS navigation software products, store locators, vehicle tracking products, APIs for Internet or wireless LBS applications, print and digital maps, decision support systems, and utilities products. The firm also operates an internet portal for maps, directions, and local search.
Map my India CMP is 2162.50. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Annual Net Profits improving for last 2 years and MFs increased their shareholding last quarter. The Negative aspects of the company are High Valuation (P.E. = 85), Stocks Underperforming their Industry Price Change in the Quarter and Declining Net Cash Flow : Companies not able to generate net cash.
Entry can be taken after closing above 2172 Targets in the stock will be 2289, 2395 and 2507. The long-term target in the stock will be 2631, 2688 and 2746. Stop loss in the stock should be maintained at Closing below 2030 or 1970 depending upon your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
SWING IDEA - MAPMYINDIA (C.E. INFO SYSTEMS)MapmyIndia (CE Info Systems) presents a compelling prospect for swing traders. Combining innovative technology with mapping solutions, MapmyIndia has established itself as a leader in the navigation and location-based services industry.
Reasons are listed below :
The 1600-1700 range, once a challenging barrier, has now transformed into a strong support level.
A Dragonfly Doji on the weekly timeframe hints at a possible reversal, underlining changing market dynamics.
The presence of a Bullish Marubozu candle on the daily chart signals sustained upward momentum, offering clear direction.
Supported by the 0.5 Fibonacci retracement level and the 50-period Exponential Moving Average (EMA) on the weekly chart, indicating a robust technical setup.
Stock has been consistently making higher highs, reflecting a trend of increasing bullish momentum.
A notable increase in trading volumes validates growing market interest, strengthening the bullish case.
Target - 2042 // 2250
Stoploss - weekly close below 1600
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@visionary.growth.insights
MAPMYINDIA - BULLISH SetupStock name - C.E. Info Systems Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
MAPMYINDIA - Rebound candidate!⚠️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 ✌🏻
MAPMYINDIA - A stock to watchAfter a substantial down move to sub 200 MA level, the stock is bouncing back. Now it is crossing above the supply line. The Relative strength and Money Flow turning positive. Increasing Buying Pressure. Increase in Delivery volumes indicate some longer term interest. With a positive close above 1916 the stock will test the previous Rejection levels ( 2343-2200 )
MAP MY INDIAin this weak market scenario this stock is showing strength also it has touch its last ALL TIME HIGH and start buying from there. volume is also satisfying on buying candle .
sl will be same candle low 1866
Buy on some retracement for better risk reward.
First target will be 2280. then go in new range. as week buyers are out in this retracement.
Long CE info system
Target will be 2300
According to ABCD pattern
Find AB
Point A is a significant low
Point B is a significant high
In the move from A up to B there can be no lows below point A, and no highs above point B
If AB, then find BC
Point C must be higher than point A
In the move from B down to C there can be no highs above point B, and no lows below point C
Point C will ideally be 61.8% or 78.6% of AB
In strongly trending markets, BC may only be 38.2% or 50% of AB
If BC, then draw CD
Point D must be higher than point B
In the move from C up to D there can be no lows below point C, and no highs above point D
Determine where D may complete (price)
CD may equal AB in price
CD may be 127.2% or 161.8% of AB in price
CD may be 127.2% or 161.8% of BC in price
Determine when point D may complete (time) for additional confirmation
CD may equal AB in time
CD may be 61.8% or 78.6% time of AB
CD may be 127.2% or 161.8% time of AB
CE INFO SYSTEMS LTD view for today 27th september Wednesday #MAPINTRADAY VIEW
CE INFO SYSTEMS LTD view for today 27th september Wednesday #MAPMYINDIA
Buying opportunity above 1805
Stop loss range below 1785
Follow strict risk reward and stop loss if you follow the level...
Charts for Educational purposes only.
Thanks,
V Trade Point
MAPMYINDIA : A reversal pattern is formingThe stock is trading at high valuations and in a market scenario in which even the overall market is showing signs of weakness, there is high probability for stocks with high valuation to sell-off.
The financial statements is not that attractive. And this adds upto the unfair valuation that the stock is trading now.
The FIIs have only a small percentage of holding in this stock and in the last 3 months they have decreased their holding by 2.59%. About 35.73% of the stock is held by retailers and other parties and a profit booking may easily lead to an aggressive panic selling in such scenarios.
So I will look for an entry only when the stock offers a fair valuation at the bottom of the expanding channel.