Breakout of Inverted Head & Shoulder completed on Daily Time Frame.
Long Position can be initiated.
Stop Loss for the Long Position will be 475 on Weekly Closing Basis.
Inv. Head and Shoulder breakout done on monthly. Multiyear trendline breakout and retracement done on monthly. Once 107 resistance is broken, can see a quick upmove to 143 in a month. Final target is 170. Since its the monthly pattern, it will take much time(several months) to achieve the desired target.
Note: This is for educational purpose only.
-Breakout from Ascending Triangle.
-Ascending Triangle has formed inside an Inverted HnS.
-On a successful retest and reversal, we could be looking at closing 2023 with a new High.
Idea is shared as Long term reversal pick only for educational purposes.
Stock name:-Mphasis
Market cap around 40000 crore
Buy in range of 1950-2050
Technically IHNS Breakout above 2500.
SL below 1650 WCB
Targets 3500, 4000++
Diving into some fundamental ratios at CMP:-
PE ratio-25 (Near 5 yr median PE and industry PE)
ROCE-28.9%
ROE-21%
Debt/Equity-0.2||...
Introduction:
Bharat Wire Ropes Ltd. engages in the manufacture and sale of steel wire ropes, wire strands, and wire rope slings. Its products include different types of ropes including general purpose ropes, fishing, crane, structural, elevator, mining, oil and gas, and shipping ropes. It also offers mechanically spliced and hand spliced...
Banknifty. (Only for Experienced traders" )
Enter after " Breakout and Retracement ".
Leave a " Like If you agree ".✌.
Follow for regular updates 👍
.
For " long "
entry: 44520 / 44575
target: 45030 - 45250 - 45760
stoploss: 44410
.
.
For " Short"
entry: 44250
target: 44030
stoploss: 44320
.
Enter only if market Breaks
"Yellow box" mentioned.
.
Wait for...
Fundamental analysis:-
Bank of Maharashtra is a PSUBank stock which can give good returns in short as well as long term.
The stock has a good dividend yield and is available at a cheap price as per PE and PB ratios.
Technical analysis:-
The stock has given a breakout from Inverted head and shoulder pattern. A closing above 32.45 can provide more than 10%...
A bullish Inverted Head & Shoulder Chart Pattern Breakout on the Weekly Time frame of NSE:PARAS
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a...
Stock gives breakout of inverted head and shoulder on weekly timeframe .
CMP : 751
Target 1 : 880
Target 2: 989
Stoploss : 629
This is not a buy or sell call, this analysis is shared for educational purpose.
An Inverted Head & Shoulder Chart Pattern Breakout happened on the Weekly Time frame of NSE:KENNAMET
Price Action supported by volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
One can initiate the long trade as per the lavel mentioned on the chart
Stop loss will be on a...
- Company has reduced debt.
- Company has delivered good profit growth of 451% CAGR over last 5 years
Greenpanel Industries Limited is engaged in the manufacturing of plywood, medium density fibre boards (MDF) and allied products.
It enjoys a leadership position with a 27% market share in the organized MDF segment.
PE Ratio is 15.4 vs Industry PE ratio of 82.6.
- Annual Revenue rose 32%, in the last year to Rs 876.6 Crores. Its sector's average revenue growth for the last fiscal year was 26%.
- Annual Net Profit rose 0.3% in the last year to Rs 68.1 Crores. Its sector's average net profit growth for the last fiscal year was 49%.
- Quarterly Revenue fell 5.6% YoY to Rs...
Nifty has given a breakout from inverted H&S and also forming a cup and handle.
Inverted H&S target : 20050
Cup and Handle Breakout - 19840 level
Target : 20300++
PSU banks breaking out
Indian Overseas Bank was founded in 1937 by Chidambaram Chettyar. It was one of the 14 major banks that were nationalized in 1969.
-3 Years ROE 46%
-Good profit growth of 86.8% CAGR over last 5 years
-Annual Net Profit rose 63.47% in the last year to Rs 328.83 Crores. Its sector's average net profit growth for the last fiscal year was 66.88%.
-Quarterly Net profit rose 39.35% YoY to Rs 82.11 Crores. Its sector's average net profit growth YoY for the quarter was 54.56%.
-PE Ratio is 13 lower...
SHANTI Daily has trendline breakout/inverted head and shoulder breakout with 200 ema support on daily candle.
SHANTI looks strong on daily..
*********************************************
This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommended here, may not be suitable for all...
A beautiful formation in the making at the base
it has given breakout of the channel and sustained the level
now going forward
the setup looks very promising in coming days
one can simply go long with the Sl of closing below 20ema in weekly tf
always analyse. before go into the trade
this is just for learning purpose
m not a sebi register advisor
