KALYANKJIL trade ideas
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. As Stop loss is Big, Risk to Reward Ratio/ Target Ratio 1:1.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
Positional Trade Ideas for Kalyan Jewelers above 645Kalyan Jewelers is a prominent Indian jewelry retailer known for its wide range of gold and diamond jewelry. Its performance is often influenced by factors like gold prices, economic conditions, and consumer sentiment.
Potential Trade Ideas:
Breakout with Volume:
Strategy: If Kalyan Jewelers breaks above the 645 level with a significant increase in trading volume, it could signal a bullish trend.
Target: Consider setting a target price based on technical analysis, such as the next resistance level or a Fibonacci extension.
Stop Loss: Maintain a strict stop loss at 600 to limit potential losses.
KALYAN JEWELLERS IND LTD S/RSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
KALYANKJILAll Time High Breakout.
Accumulation Done.
Good Volumes.
Above all Key EMA.
Good for Short Term.
Do Like ,Comment , Follow for regular Updates...
Keep Learning ,Keep Earning...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
Swing Trading Kalyan Jewellers (CMP 449.85) - TGT 565 ### Swing Trading Alert Recommendation: Kalyan Jewellers India Ltd (KALYANKJI)
#### Trade Setup:
- **Current Price (CMP):** 449.85
- **Entry Point:** Confirm entry upon a successful breakout above 466.20.
- **Target 1:** 505.70
- **Target 2:** 565.70
- **Stop Loss:** Below 400
#### Analysis:
Kalyan Jewellers India Ltd is showing signs of a bullish breakout above the resistance level of 466.20. Upon confirmation, the price could move towards the targets of 505.70 and 565.70. Ensure to manage risk effectively with a stop loss below 400.
#### Disclaimer:
This trading alert is for informational purposes only and does not constitute financial advice. Trading stocks involves significant risk and may not be suitable for all investors. It is essential to conduct your own research and consult with a financial advisor before making any trading decisions. Only trade with capital that you can afford to lose, and ensure you understand the risks associated with stock trading. The author is not responsible for any losses incurred from following this recommendation.
Kalyan Jewellers Potential 35% bullish move A flag pattern has been formed with a 76% flag pole. A potential flag pattern breakout could occur in the near future if the stock continues to maintain the current bullish momentum. Recently the stock has been moving in a zone of support and resistance, and a strong breakout through this zone has also just occurred. This breakout likely occurred due to an order block on 20th march at 366. There have been many volume imbalances formed as well which could likely have assisted in pushing price up. A bullish F.V.G has formed at around 416, price could retrace to this F.V.G and cause a decent move to the upside confirming the flag pattern breakout.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Consider this idea for educational purposes only.
buyThe stock on daily charts has broken out of a falling trendline and after good accumulation at the base. The stock is in strong uptrend on all three timeframes - daily, weekly & monthly. The stock is near to its ATH. Near term target can be 360 and if closes above that then, we can target 380-400.
Kalyan JewellersNSE:KALYANKJIL (1D)
CMP 333.70
Sector : Diamond & Jewellery
Industry : Diamond & Jewellery
Market Cap : 34,393.47 cr.
Category : Small Cap
PE : 67.09
Industry PE : 77.84
PEG : 2.80
About Company
The company design, manufacture and sell a wide range of gold, studded and other jewellery products across various price points ranging from jewellery for special occasions, such as weddings, which is its highest-selling product category, to daily- wear jewellery.
Kalyan Jewellers India is one of the largest jewellery companies in India. It started its jewellery business in 1993 with a single showroom in Thrissur, Kerala. It has since expanded to become a pan-India jewellery company. The company endeavour to cater to its customers unique preferences, which often vary significantly by geography and micro market, through its local market expertise and region-specific marketing strategy and advertising campaigns. The company's grassroots My Kalyan' customer outreach and service centre network is another key element of its hyperlocal strategy which enables it to be a neighbourhood jeweller and is focused on marketing and customer engagement across urban, semi-urban and rural areas in India. The company is led by a management team with extensive experience in the jewellery and retail industries and with a proven track record of performance.
Business area of the company
The company design, manufacture and sell a wide range of gold, studded and other jewellery products across various price points ranging from jewellery for special occasions, such as weddings, which is its highest-selling product category, to daily-wear jewellery.
Kalyan Jewellers _ Deja Vu (Similar Opportunity!)
After long bullish rally price corrects around 15% , correction is in form of downward channel, just like it did previously.
As we discussed earlier in spetember the possible two scenarios the price could do, while anticipating possible new highs. Again stock provides the similar situation.
Possible Scenarios:
* Buying Opportunity on break and retest of minor resistance @ 335 (Previously Support).
*If price fails to break above 335 it can further slips till its demand area which is between 300-290.Between that zone we can see good accumulation of orders which could possibly push the price up
Upward targets are 375 and 390 .
Although Higher time frame seems pretty bullish ,but structural shift in lower time frame, from bearish to bullish must keep in mind. Always Trade with more confirmations.
KALYANKJIL - Stock AnalysisThe provided technical highlights for Kalyan Jewellers India Ltd. suggest a bullish sentiment and positive momentum in the stock. Here's a summary of the key signals:
1. Price Volume: Bullish - The recent sessions have shown rising prices accompanied by increasing trading volume, indicating strong buying interest.
2. High-Low: Strong Bullish - The stock has reached a new one-year high, and it's trading with good volume, which is a strong bullish signal.
3. One Day: Bullish - The latest tick shows a strong price rise supported by good volume, indicating positive price momentum.
4. Bollinger Bands: Strong Bullish - There's a positive breakout in the Bollinger Bands, suggesting potential upward movement in the stock's price.
5. Donchian Band: Bullish - The stock has reached a new high, indicating a possibility of a breakout from the current trading range.
6. Daily Candlestick: Strong Bullish - A bullish gap-up candlestick pattern has formed at a high level, indicating strong momentum.
7. Daily Heikin Ashi: Bullish - A bullish initiation Heikin Ashi pattern has formed, further supporting the bullish sentiment.
8. Weekly Candlestick: Strong Bullish - A bullish gap-up candlestick pattern at a high level on the weekly chart indicates strong momentum.
9. Weekly Heikin Ashi: Bullish - A bullish continuation Heikin Ashi pattern is seen on the weekly chart indicating a bullish trend.
10. Monthly Heikin Ashi: Bullish - A bullish continuation Heikin Ashi pattern on the monthly chart suggests a sustained bullish trend.
These technical signals indicate a positive outlook for Kalyan Jewellers India Ltd., with strong buying interest, positive price momentum, and potential for further price increases. However, it's important to consider other factors and perform a comprehensive analysis before making investment decisions.