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SUNPHARMA - BREAKOUT RETEST or END of 5th?SUNPHARMA - CMP 1747 It appears that a 5 wave impulse from Covid lows (312) has ended at 1960 Primary and internal counts are marked in the chart If it is too early to predict/expect a larger retracement of the entire move, lets take one step at a time and look for the price action from May'23 lows.. The 5 wave impulse from 922 to 1960. Even here, the 5 waves are complete and the price is falling/retracing. Chart is attached here for reference If we expect a minimum of 50% retracement of this 5 wave impulse, then we are looking at 1440 levels Worst case, if you look at breakout retest (for those with bullish bias), then a dip down to 1640 cant be ruled out Price is trading below the cloud and Super trend on Daily TF Price is trading below all key EMAs.. and 200 EMA is next, placed at 1650 levels. Definitely not a place to go long.. Daily close above 1800 would be the invalidation level I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
Editors' picks
NSE:SUNPHARMAShort
by Murthy_Santhosh
1
Long Term Investment Opportunity in Electronic Retail Chain CoHello everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a stock is which is engage in Electronic Retail Chain in Bihar stock name is Aditya Vision Ltd, and it incorporated in 1999, it is engaged in trading of electronic items. Stock is technically good as it has taken perfect support at previous breakout zone,, So Previous support is acting like a support zone for this. Best entry, stop loss, long term stop and targets already i have mention above on chart, Please use for trading and investing. For short term to medium term targets i have already written but i feel as company is making profits continuously it should grow minimum with 25% CAGR and above. And this figure is enough to give huge returns in medium term to long term. No double if we can see 1000% returns in next 5-7 years. Key Points:- Products The company sells 10,000+ Products ranging from Digital Gadgets like Mobile Phones, Laptops, and Tablets to Entertainment Solutions like Televisions, Sound Bars, Home Theaters, Cameras, Accessories to Home Appliances like Air Conditioners, Refrigerators, etc. Market Share The company holds ~50% market share in organized electronic retail in Bihar. It is the Largest Electronic Retailer in Jharkhand. Customer Base The Company retails products from 100+ Indian and international consumer durable and electronic brands like Samsung, LG, Sony, Panasonic, Philips, and Voltas etc. Business Model 80% Direct OEM Supply 20% Distributors/C&F Agents Fund Raise The company raised Rs. 282 cr from one of the World’s largest FII – Capital Group in FY24; their first fund raise after IPO. Focus The company aims to grow at 20-25% revenue CAGR over the next 3 – 5 years. Progressing towards Central UP from Eastern UP. Business is ready to scale beyond Bihar, Jharkhand & UP to adjoining states in the “Hindi Heartland” over the next 3-5 years based on “Creeping Cluster Approach”. Fundamentals:- P/E ratio is 60.8284 which is lower than it's Industry P/E 60.83 ROCE is 28.55% ROE is 25.12% Operating Profit Margin (EBITDA Margin) is 9.61% Annual Sales has grown by 31.84% Annual Profit has grown over by 20.16% 3 Years Sales CAGR is 29.81% 3 Years Profit CAGR is 76.49% Quarterly Sales has grown over by 20.03% YoY Quarterly Profit has grown over by 26.79% YoY Gross Block has increased by 43.9% as compared to last year FII have increased their stakes by 2.63% in the latest quarter (10.23% to 12.86%) FII have increased their stakes by 12.86% in last 3 years DII have increased their stakes by 0.51% in the latest quarter (8.23% to 8.74%) DII have increased their stakes by 8.74% in last 3 years Promoters + FIIs + DIIs hold 74.83% in the company Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
ALong
by TraderRahulPal
5
BankNifty Support&Resistance for 19th November TuesdayImmediate support is at 50300, and immediate resistance is at 50450. If the price breaks above 50450, look for long positions with targets at 50600, 50800, and potentially up to the 51K area. On the flip side, if the price breaks below 50300, consider shorting with targets at 50100, 50000, and 49900 below. Avoid trading in the zone between 50300 and 50450, as this is a neutral area. Overall, the market is still in a bearish structure, with lower lows and higher lows. Be cautious around these levels, and stick to the plan: bullish above 50450 and bearish below 50300. Stay disciplined, and manage your risk."
NSE:BANKNIFTY
by rakeshreddym
2
HOW HIGH CAN BITCOIN GO?Here is a detailed analysis based on Bitcoin's previous cycle. Analyzing the previous cycle chart on the weekly timeframe revealed an interesting report on the importance of technical analysis. We could have easily predicted the blow-off top by using Fibonacci retracement on different tops and pullbacks of the previous cycle. So, I used the same analysis this time to see what it tells about this cycle. But it is important to note that this is for first leg of the bull cycle only, which will be followed by the second leg. The first top will come at about 160K. #BTC #CRYPTO
COINBASE:BTCUSDLong
by shaswatmayank14
1
Good Risk-Rewards in BNBUSDTBelow are the some points to go through for better analysis: 1. BNBUSDT is one of the great coin for trading as well. Liquidity i also doesn't matter 2. Risk Reward is almost 4. 3. Broder Market of Crypto is upside (Upside Trend) 4. BNBUSDT rally is pending Disclaimer: Content shared on or through social site channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Long
by navneet2109
1
Bullish momentum stalls amid resistanceUSD/JPY is currently trading around 154.57 after a strong rally. It seems that the bulls have run into pressure at the 155.00 resistance zone, while technical and market sentiment factors are also influencing the next direction of the pair. Technical analysis: Nearest resistance: 155.00 - a strong psychological resistance zone where the price is struggling to overcome. Nearest support: 154.00 - a key support level, if broken, the price could fall further to 153.00. EMA 34 and EMA 89: The price is trading around EMA 34 (short-term support), but is still above EMA 89, suggesting that the medium-term uptrend is still in place. Price pattern: There are signs of a pause, with the possibility of forming a "Pullback" pattern or a slight reversal before continuing the main trend. Personal opinion: I see the market facing a dilemma between buying and selling forces. The recent increase in USD is supported by high US bond yields and positive market sentiment. However, if it fails to break above the 155.00 zone, USD/JPY may correct slightly before looking for new momentum to continue rising. Trading strategy: Buy: When the price breaks above 155.00, the next target is 156.00. Sell: When the price falls below 154.00, the next support target is 153.00.
by Maria_aaa
Nifty Intraday Analysis for 18th November 2024NSE:NIFTY Index closed near 23535 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 45.81 Lakh 23600 Strike – 28.89 Lakh 23500 Strike – 25.62 Lakh Put Writing 23000 Strike – 34.00 Lakh 23500 Strike – 33.23 Lakh 23600 Strike – 23.56 Lakh Index has immediate support near 23350 – 23300 range and if this support is broken then index may tank near 23100 – 23000 range. Index has resistance near 23750 – 23800 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range.
NSE:NIFTY
by RKMAURYA
4
BTCUSD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARDBTCUSD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
CRYPTO:BTCUSDLong
by tradergyan01
1
Gold spot : Cup target reached, achieving profit of +33% ROIThe Cup and Handle is a bullish continuation pattern in technical analysis that suggests a potential upward movement in asset prices. Formed over time, the pattern resembles the shape of a teacup, where the “cup” is a rounded bottom, indicating a gradual recovery after a downtrend or side waves. Following the cup, a smaller dip called the “handle” occurs, representing a brief consolidation before the price rallies upward. Traders see this pattern as a signal of buying pressure gaining strength and often enter long positions during the breakout above the handle’s resistance, anticipating further price gains and momentum. • Bullish Continuation: The cup and handle pattern is a bullish continuation pattern, suggesting that the uptrend is likely to resume after the pattern formation completes. This can present an excellent opportunity for traders to enter long positions. • Clear Entry and Exit Points: The pattern provides well-defined entry and exit points, allowing traders to plan their trades precisely. • The pattern was first described by William J. O'Neil in his 1988 classic book on technical analysis, How to Make Money in Stocks. Buy at the breakout point of the handle price at 2,081.7 in March 2024, and sell at 2,783.65 in October 2024, achieving a potential profit of +33% ROI.
OANDA:XAUUSD
by SasikumarMani
1
Beautiful Price Action With Good Q2 Numbers.NSE:GARFIBRES Posted Good Q2 Numbers for FY 24-25 with Margin Expansion, it is one of India's leading players in the technical textiles sector, providing specialized solutions to the cordage and infrastructure industry worldwide, it also manufactures and provides world-class solutions in high-performance polymer ropes, fishing nets, sports nets, safety nets, aquaculture cages, coated fabrics, agricultural netting and geosynthetics. Results Snapshot: QoQ Sales: 25.10 % QoQ Profits: 40.80 % YoY Sales: 28.10 % YoY Profits: 25.80 % OPM%: 22% Currently Trading at 41.30 times P/E. with Book Values/Share of 8.29. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:GARFIBRESLong
by Karanshah137
2