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Kamlesh Jain's Posts
Kamlesh Jain-display-image
Reputation: 2,206  •  Nov 11, 2022 6:14 PM

The USGOLD Index is making a double bottom reversal pattern and has given a good breakout from that zone, the price should retrace to the breakout zone and keep its steady movement intact on upperside.
The chart suggests bullish movement in Gold market with a target of aro......read more
Commodity Central - chart - 15813056
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Kamlesh Jain replied to Hkr's comment

@HkrOnline Yes, said the same waiting for a pullback and retrace since volume dont confirm the entry, will update my position when I enter the trade.😄
Oct 31, 2022 5:23 PM
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Kamlesh Jain-display-image
Reputation: 2,206  •  Oct 31, 2022 4:52 PM


M&M looks set to break new highs as the stock currently trades at its ATH, but to sustain and break it, the stock needs to have one minor pullback till the MA9, to gather momentum and get the weak hands off the stock.
I have two targets for M&M after it retraces......read more
All About Indices - chart - 14936403
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Kamlesh Jain-display-image
Reputation: 2,206  •  Oct 31, 2022 4:42 PM


The short-term trend looks neutral for NIFTY, and any bullish movement to start should couple with rising volumes.
To breach the crucial resistance, NIFTY needs to have a pullback or consolidation to propel and give a good breakout from the resistance zone.
Also, for a......read more
All About Indices - chart - 14933616
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Kamlesh Jain-display-image
Reputation: 2,206  •  Oct 25, 2022 12:30 AM

This Diwali I have added #GUFICBIO #RSYSTEMS #TRIVENI to my portfolio.
These sectors are poised to grow exponentially in future and I am betting on these companies for a period of 3-5 years.
These companies have been selected based on a thorough research done of company's financ......read more
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Kamlesh Jain replied to Sarath Kumar's comment

@sarathbala QoQ growth is not there though, and the stock is trading at a very high earnings multiple , so any degrowth will not be accepted by market
Oct 20, 2022 11:06 PM
Kamlesh Jain-display-image
Reputation: 2,206  •  Oct 19, 2022 3:56 PM

Gold is respecting the trendline and the trend remains negative, but the Indian markets can see a positive price due to Falling rupee!
Any move closing above the trendline can lead to a bullish reversal for the commodity
Commodity Central - chart - 14310582
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Kamlesh Jain replied to own post

P.S: The previous chart pf Cup and Handle stays true and the target of 117 is hit through that chart formation , the new chart is plotted for the target of 145.
Oct 6, 2022 1:39 PM
Kamlesh Jain-display-image
Reputation: 2,206  •  Oct 6, 2022 1:37 PM
Post by Kamlesh Jain in Investment Ideas community on FrontPage
Post by Kamlesh Jain in Investment Ideas community on FrontPage
#InvestmentIdeas #DAAWAT 🔴 Profile:- Daawat (LT Foods) is the leading processor of rice and other specialty foods in India. - The firm's br
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Kamlesh Jain-display-image
Reputation: 2,206  •  Oct 5, 2022 11:19 PM


IDFC First Bank is looking good for a bullish breakout at current levels.

IDFC First has been enjoying good results over the last 4 quarters, which is reflected in its stock performance.
I have a target of over 100 intact for this stock, given it performs better i......read more
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Kamlesh Jain-display-image
Reputation: 2,206  •  Oct 3, 2022 4:45 PM


The market index, NIFTY50, has retraced to the support line of the Double top chart pattern, which also acted as the critical resistance for the index.
The index respects the chart pattern, and the broader market direction is still bearish.
My current view is that the ......read more
All About Indices - chart - 13371907
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Kamlesh Jain-display-image
Reputation: 2,206  •  Sep 29, 2022 1:27 AM


US Gold Index is respecting the previous support as the resistance now, and in the short-term, we can expect a fall of at least 50 points more.
The major contributors being :

1. Higher Interest Rates.
2. Inflation pressure easing
3. Investors shifting from Commodities to......read more
Commodity Central - chart - 13174501
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Kamlesh Jain replied to Ayushmaan Singh's post

Yes technically the company seems a trap to enter now, but majorly we need to keep a future outlook as everyone knows the last decade was not so conducive for the TATA group and thus, it has impacted the financials of all the companies. According to me, fundamentally we need to w...
Sep 21, 2022 10:42 PM
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Kamlesh Jain-display-image
Reputation: 2,206  •  Sep 19, 2022 5:03 PM


MCX Silver Futures are trading within the falling channel band and is looking bearish.
The falling channel if formed after a sustained fall, is a bearish signal for the chart of any asset class.
Any upside movement has to be coupled with above-average volumes and break......read more
Commodity Central - chart - 12656970
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Kamlesh Jain replied to own post

CORRECTION: Per gram price = 45 * 93 = 4185 and 10-grams= 4185 * 10 = 41850
Sep 16, 2022 4:53 AM
Kamlesh Jain-display-image
Reputation: 2,206  •  Sep 16, 2022 4:50 AM


US GOLD index has given a breakout from the double top formation on a weekly time frame and has also crossed the MA200. Gold is officially in the bearish zone if it stays below the breakout line.💰
MCXGOLD has also given a bearish breakout from the consolidation zone shar......read more
Commodity Central - chart - 12573345
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Kamlesh Jain-display-image
Reputation: 2,206  •  Sep 13, 2022 1:28 AM


Crude oil is respecting the trendline, and for the time being, the trend is bearish, as it is still below its 30 Day Moving Average.
The commodity is near its crucial demand zone, and it looks like an excellent opportunity for traders to go long if it breaks the trend......read more
Commodity Central - chart - 12414922
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Kamlesh Jain-display-image
Reputation: 2,206  •  Sep 13, 2022 1:20 AM


Gold is moving in a range-bound zone and below its 30D Moving Average, which shows a bearish pressure on the metal.
The metal has shown low buying volume and seems weak for the time being.
Any long position for the long-term can be executed after it crosses 53343 levels.
Commodity Central - chart - 12414869
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Kamlesh Jain-display-image
Reputation: 2,206  •  Sep 10, 2022 1:36 AM

Continued from last post .....

The stock has given a breakout from the ascending channel with an above average volume and is looking good. Also, it is near its ATH.

Punjab National Bank has formed a rounded bottom and has given a breakout from that zone and ......read more
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Kamlesh Jain-display-image
Reputation: 2,206  •  Sep 10, 2022 12:28 AM

🏦PSU BANKS🏦

PSU BANK INDEX (CNXPSUBANK) has given a breakout from its stage of Accumulation on a weekly timeframe and is looking ready to give a strong rally.
PSU Banks are well positioned to lead the next credit cycle of Indian economy and also, lead the #NIFTYBANK index.

#S......read more
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Always available to teach, mentor, and learn together about markets.
Disclaimer
The above analysis is for EDUCATIONAL PURPOSES ONLY. I should not be held responsible for any loss incurred from the BUY/SELL of the analyzed asset. Do consult your Financial Advisor before taking any trade.

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