Darvas Box Strategy - Breakout StockDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss, best suitable for swing trading.
Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:1 & 1:2.
Stop loss can be Trail when it make new box.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
RUCHIRA trade ideas
Technical Analysis of Ruchira Papers Ltd (RUCHIRA)Technical Analysis of Ruchira Papers Ltd (RUCHIRA)
Disclaimer: This analysis is based on the Technical Analysis of the stock and is for informational purposes only. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions. I am not SEBI registered person.
Key Observations from the Chart:
Price Action: The stock price of Ruchira Papers Ltd has been relatively stable over the past few weeks. It has been trading within a narrow range, indicating a lack of strong bullish or bearish momentum.
Moving Average (EMA 200): The price is currently above the 200-day Exponential Moving Average (EMA), which is a long-term trend indicator. This suggests that the stock is in an uptrend. However, the price is not far from the EMA, indicating that the uptrend could be fragile.
Bollinger Bands: The price is currently trading near the lower band of the Bollinger Bands, which could suggest that the stock might be oversold or that a potential rebound is possible.
Volume: The trading volume has been relatively low, which could indicate a lack of interest from investors.
Potential Trading Strategies:
Buy on Dip: If the price dips below the lower Bollinger Band, it could be considered a buying opportunity, as the stock might be oversold. However, it is important to use proper risk management techniques, such as setting a stop-loss order.
Wait for Breakout: If the price breaks above the upper Bollinger Band with increasing volume, it could signal a bullish breakout. This could be a potential entry point for a long position.
Sideline: Given the lack of strong momentum and the proximity of the price to the EMA, it might be prudent to wait for a clearer trend to emerge before taking a position.
Additional Considerations:
Fundamental Analysis: While this analysis is based on technical indicators, it is also important to consider the company's fundamentals, such as its financial health, industry trends, and competitive position.
Risk Management: Always use proper risk management techniques, such as setting stop-loss orders, to protect your capital.
Conclusion: Ruchira Papers Ltd appears to be in a sideways trend, with potential opportunities for both buying and selling based on price action and technical indicators. However, it is important to conduct thorough research and consider both technical and fundamental factors before making any investment decisions. We are not responsible for your loss.
RUCHIRAwe are looking RUCHIRA bullish move.
Buy range 110-125
Expected Targets - 165 / 210 / 283++
Disclaimer:
Kind regards to all friends and members ,
Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
Resistance Breakout - Ruchira papersPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Buy opportunity in Ruchira PaperWith schools and colleges going back offline, the paper sector looks to make a comeback.
Ruchira looks a good buy for medium-term above 102 with DMI crossover with volume support. Bollinger bands also expanding can turn resistance into support.
Shall update target and SL levels when trade triggers