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TRIB BHIMJI ZAVERI LTD

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TBZ trade ideas

TBZ NSE MTF 12Y RBC BO- POSITIONAL TBZ JEWELLERS STOCK Analysis TRADE PLAN (WTF Close Price for SWING /POSITIONAL) ENTRY -298 25 to 50% Qty, Add 50% qty progressively DTF Close SL -248 TARGET - OPEN, TGT02--581 Hold For a 2-3 Year or TGT 2 Chart Pattern : STOCK Completed a RBC of 12Y closing above the previous ATH in Monthly TF. INDICATORS EMA : The Price is Currently Trading above 20EMA, and 20EMa above 50EMA in DTF. STOCK EMAs are currently in Ascending alignment, indicating of a bullish Trend continuation DTF/WTF. FIBO/E : Volumes: There is a uptrend in Volume on the Monthly Charts for a Year above the 20VMA Keep in your Priority Watch List Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk appetite (Exit when price closes 7to8% below your Entry).and re enter when trend reverses in the direction of your POV... Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended. MTFA- Multiple Time Frame Analysis DTF -Daily Time Frame WTF-Weekly Time Frame MTF- Monthly Time Frame ATH-All Time High LTH -LifeTime High RBC&H-Rounding Bottom Cup/Handle BO- Breakout Close EMA -Exponential Moving Average FIBO R/E -Trend based Fibonacci Retracement/Extension SL Stop Loss TBD- To be Decided CHoCH- Change of Character Bullish/Bearish MSB/BOS -Break Out Structure FVG Fair Value Gap 20VMA -20Volume Moving Average SWING/POSITIONAL Trade
NSE:TBZLong
by billpramod
TBZ NSE 12Y RBC&H ATH BO DTF/WTF in MTF Positional TradeChart Pattern : TBZ Jewelers has recently broken its ATH forming a RBC on the DTF/WTF. Currently on a Pullback to form a Handle. Wait for WTH high BO to Enter. INDICATORS EMA : The Price is Currently Trading below 20EMA, but above 50EMA. TBZ the EMAs are currently aligned in a ascending order 200 to 20 indicating a bullish Trend on DTF/WTF. FIBO E : Price is currently trading above the 50% FIBO Retracement level of 247 on DTF Impulse uptrend Volumes: There is a uptrend in Volume on the Monthly Charts for 3months with Pullback for 3Weeks now . TRADE PLAN ENTRY -WTF High BO SL -Monthly Low TARGET --TBD Keep in your Priority Watch List Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL. MTFA- Multiple Time Frame Analysis DTF -Daily Time Frame WTF-Weekly Time Frame MTF- Monthly Time Frame ATH-All Time High RBC&H-Rounding Bottom Cup/Handle BO- Breakout Close EMA -Exponential Moving Average FIBO R/E -Trend based Fibonacci Retracement/Extension SL Stop Loss TBD- To be Decided
NSE:TBZLong
by billpramod
Positional Trade Setup for TBZ:The chart displays a clear basing pattern, resembling a "Cup" formation that has developed over a decade. This pattern typically signifies accumulation and a potential long-term breakout. The stock has recently broken out of a 10-year resistance level around the 220-225 INR mark, confirming a strong bullish sentiment. Volume Confirmation: There is a notable volume buildup as the stock approached and broke above the resistance level, indicating strong buying interest and conviction behind the breakout. Entry Point: A good entry point would be on a retest of the breakout level, around 220-225 INR, or a confirmation of continuation above the current price level (237.91 INR). It's ideal to wait for a slight pullback or consolidation near the breakout zone to reduce risk. Stop Loss: A suitable stop loss would be below the breakout level, around 200 INR, ensuring that the stop is placed below the basing pattern and the recent breakout level. This provides a buffer against potential false breakouts. Target: The first target could be set at around 300 INR, which is a round number and psychological level, followed by a longer-term target around 350-375 INR, based on the measured move from the cup pattern depth. Risk-Reward: Ensure a favorable risk-reward ratio of at least 1:2 or higher. With the entry near 225 INR and a stop loss at 200 INR, a target around 300 INR gives a risk-reward ratio of 1:3, which is attractive for positional trading. Additional Considerations: Monitor the volume on pullbacks to ensure they are on declining volume, indicating that the pullback is a buying opportunity rather than a trend reversal. Keep an eye on broader market conditions as they could impact the stock’s performance. Summary: TBZ has broken out of a significant multi-year resistance level with strong volume support, indicating a bullish setup. Entering on pullbacks with a well-defined stop loss and target can provide a strong positional trade opportunity.
NSE:TBZLong
by RajputAmarjit
1
TBZ - Tribhovandas Bhimji Zaveri - Strong Bullish MomentumTechnical Analysis of Tribhovandas Bhimji Zaveri (TBZ) - As per current chart pattern and previous chart history suggests strong buy in this stock. Also As per technical analysis of this stock indicates a strong bullish momentum and ready to explode after a short correction NOTE:- This stock is Consolidating since 9-Feb-2024 in H1,H4 and Daily time frames Also in H1 time frame it is trading in a symmetrical triangle and you can buy if it breaks upside and retest the nearest support after breakout. But if it breaks downside the triangle then you can wait till the retest of the nearest support. Safe Buy Above 128.47 Nearest Support 113 Major Support Zone is 93-99.59 (Also a Pullback Zone) Overall, recent technical analysis suggests a bullish trend for TBZ. Here's a breakdown of some key indicators: Moving Averages: The moving averages for TBZ as a strong buy signal Bullish Flag Breakout: It is showing a bullish flag breakout on the daily charts, indicating a potential rise in price RSI and Stochastic: The Relative Strength Index (RSI) is positive and the Slow Stochastic is nearing overbought territory, suggesting strong momentum but possible need for a short-term correction Volume: Recent breakouts were accompanied by good volume, which is a positive sign Here are some additional points to consider: Technical analysis should be used in conjunction with fundamental analysis for a more comprehensive understanding of the stock's potential. The overbought signals from RSI and Stochastic shouldn't be ignored completely, and a short-term pullback is a possibility. Always set stop-loss orders to manage risk if you are an Intraday Trader to avoid major loss Thanks for your support as always Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
NSE:TBZLong
by ForexTrader4all
TBZ - Go LongTBZ is a 158-year-old company in the jeweler business, First business to offer a buy-back guarantee in 1938, company is managed by the 5th generation of the family. The company brings out 8-10 jeweler designs per year. The company has 32 stores having a presence in 25 cities Product Portfolio The product range of the Co includes Rings, earrings, necklaces, pendants, bangles, bracelets, coins, waist belts, and mangal sutra across different categories of Gold, Diamond, Jadau, and Platinum jewelry, Silver ornaments, and Coins Manufacturing Facility The manufacturing unit of the Co is spread over 24,000 sq. ft. in Kandivali, Mumbai. The facility has an annual production capacity of 2,00,000 carats of diamond jewelry on a dual shift basis, 4,000 kg of gold refining, and 4,500 kg of gold jewelry components manufacturing capacity
NSE:TBZ
by EquityandSecurity
2
TBZBreakout trading implementation: 1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range. 2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights into shifts in market sentiment and potential price movements. 3. **Entry Points:** Breakout points serve as potential entry points for traders looking to ride the momentum of a newly established trend. Buying on a breakout can capture the early stages of a price movement. 4. **Confirmation of Strength:** Successful breakouts indicate the strength of a trend. If an asset breaks out with high volume and follows through with sustained price movement, it suggests a strong trend in that direction. 5. **Avoiding False Signals:** Breakout strategies often include using indicators or confirmation signals to avoid false breakouts. This can enhance the accuracy of trade decisions. 6. **Defined Risk and Reward:** Breakout trading allows for setting clear stop-loss levels below the breakout point, which helps manage risk. Traders can also calculate potential profits based on the distance between the breakout point and a projected target. 7. **Adaptable to Various Markets:** Breakout trading can be applied to various markets, including stocks, forex, commodities, and cryptocurrencies. The concept remains consistent across different assets. 8. **Flexibility:** Traders can adapt breakout strategies to their preferred timeframes, whether they are day traders, swing traders, or long-term investors. 9. **Liquidity Opportunities:** Breakout points are often associated with increased trading volume, which can provide better liquidity for executing trades. 10. **Risk vs. Reward Assessment:** Traders can evaluate the potential risk of a trade (stop-loss) against the potential reward (target price), aiding in decision-making and portfolio management. 11. **Psychological Advantage:** Successful breakout trades can boost a trader's confidence and discipline, reinforcing the effectiveness of their strategy. 12. **Market Events:** Breakouts can occur around significant market events such as earnings reports, economic data releases, or geopolitical developments, offering traders opportunities to capitalize on sudden price movements. Remember, while breakout trading offers potential advantages, it also carries risks. False breakouts and market reversals can lead to losses. Successful implementation requires a solid understanding of technical analysis, risk management, and the ability to adapt to changing market conditions.
NSE:TBZLong
by UnknownUnicorn24085472