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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
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
2
#Nifty directions and levels for November 18th.Good morning, friends! 🌞 Here are the market directions and levels for November 18th. Market Overview: There are no significant changes happening. The global market is showing a moderately bearish sentiment (based on the Dow Jones only), and our local market is also exhibiting bearish sentiment. Today, the market may open with a neutral to slightly gap-down start, with the Gifty Nifty showing a negative 80 points. In the previous session, both Nifty and Bank Nifty moved in a consolidation pattern. Structurally, it remains a bearish trend, so if the gap-down sustains, we can expect the continuation of the correction. On the other hand, if it rejects around the immediate support level or opens with a gap-up, we can expect a minimum pullback of 23% to 38%. Let’s look at this in the charts. Both Nifty and Bank Nifty have the same structural sentiment. Nifty Current View: The current view for Nifty indicates that if the initial market takes a pullback around the immediate support level (23,435), we can expect a minimum pullback of 23% to 38%. After that, if it rejects at either the 23% or 38% Fibonacci level, the correction will likely continue. However, if it sustains and breaks the 38% Fibonacci level, it could reach the 50% and 61% levels. If this happens, the upcoming session could turn into a range market. Alternate View: The alternate view suggests that if the market breaks the immediate support level (23,435) solidly or consolidates around the support level, the correction will likely continue to the level of 23,245.
NSE:NIFTY
by Manickamtraders
3
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
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
GOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARDGOLD SHOWING A GOOD UP MOVE WITH 1:7 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
FX:XAUUSDLong
by tradergyan01
BAJAJ Housing Finance Descending TriangleThird time touched the support trendline - opens above this trend line stock might go up - opens below this candle or trend line stock might go down morning star formed in Descending Triangle bottom which might track the stock to downside I don't recommend & taking trade based on this idea. consult your SEBI registered adviser to Know the market risk before trade. in.tradingview.com/pricing/?share_your_love=johnbritto2088
Editors' picks
BShort
by johnjen2088
2
Bitcoin - Irregular Triangle heading for 100,000 USD Target ?As discussed in yesterday's video, we're expecting a thrust in Bitcoin towards the 100K USD mark. Will this milestone become a reality soon? 🚀💰 Irregular Triangle An Irregular Triangle has beautifully unfolded, setting the stage for an upside thrust as per Elliott Wave Theory. This pattern, characterized by its distinct higher highs and lower lows within corrective waves, signals the breakout wave. From a wave perspective: - The ABCDE structure of the triangle suggests a classic consolidation phase is complete. - The upward thrust aligns with the typical post-triangle behavior, often extends strongly in the direction of the trend. Regards, WaveTalks Abhishek Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. -------------------------------------------------------------------------------
CRYPTO:BTCUSDLong
by WaveTalks
Banknifty Intraday Analysis for 19th November 2024NSE:BANKNIFTY Index closed near 50365 level and Maximum Call and Put Writing near CMP as below in current Monthly contract: Call Writing 51000 Strike – 16.62 Lakh 51500 Strike – 14.43 Lakh 50500 Strike – 10.92 Lakh Put Writing 49500 Strike – 19.33 Lakh 50000 Strike – 17.10 Lakh 49000 Strike – 12.58 Lakh Index has immediate support near 49800 - 49700 range and if this support is broken then index may tank near 49500 - 49400 range. Index has resistance near 50800 – 50900 range and if index crosses and sustains above this level then may reach near 51300 – 51400 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 19th November 2024NSE:CNXFINANCE Index closed near 23260 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23500 Strike – 20.45 Lakh 23400 Strike – 17.59 Lakh 23800 Strike – 17.55 Lakh Put Writing 23000 Strike – 19.28 Lakh 23100 Strike – 16.19 Lakh 22800 Strike – 15.07 Lakh Index has immediate support near 23000 – 22900 range and if this support is broken then index may tank near 22800 – 22700 range. Index has resistance near 23450 - 23500 range and if index crosses and sustains above this level then may reach near 23700 - 23750 range.
NSE:CNXFINANCE
by RKMAURYA
False breakdown or beginning of New rally? #RelianceFalse breakout patterns can sometimes signal the beginning of a new trend, and the end of the current one. like as the chart of reliance the trend breakout at wave 2 suggesting negative bias in the stock signaling trend reversal. However the phycological theory of EWT suggest the possibility of false breakout and beginning of 3rd motive wave. How should one trade the fake breakouts. Refer the Strength index and look if the Oscillators suggest neutral or an oversold zone for reversal Coming on to Reliance: It is important Reliance to sustain above 1371 for the beginning of W3 a rally towards levels of 1800
BSE:RELIANCE
by CA_Chetanbhasin
USDJPY Strengthens: Support at 154.43 & Target 157.80 USDJPY continues its strong uptrend, currently trading around 154.649 within an ascending price channel. The EMA 34 and EMA 89 lines lie below the current price, acting as dynamic support to sustain the bullish momentum. The key support level at 154.43 will be crucial if a pullback occurs. If the price holds above this level, USDJPY is likely to continue rising toward the next resistance at 157.80. However, a break below 154.43 could increase bearish pressure. The USD's strength is supported by expectations that the Fed will maintain high interest rates, while the BoJ's loose monetary policy weakens the JPY. Investors should closely monitor U.S. economic data this week to assess USDJPY's next move.
by Vanna-Cris
Gold is under pullback : Read my last postAs expected gold is finally under a pullback wave and price opened with a gap , this gap is now going to act as good high volume support area(2560-70). At the time of writing this post price is facing resistance on weekly pivot(2595) and bulls need to re-claim this level on H4 to see higher levels , First resistance (Target in case of buy) that we have to watch is area at 2630-40(bearish Imbalance) and the final resistance zone as per fib is 2663-93 from where we can re load the sell for target 2530 area again. As of now I am expecting continuation in pullback (Bullish) and my first target will be 2630 and for sell I will wait confirmation on H4 or daily Time frame.
OANDA:XAUUSDLong
by iambalramkashyap