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5-0 Pattern

Adanient important levels are "2610" and "2410'' **Fundamental Analysis** Company overview: Adani Enterprises is the flagship company of the Adani Group, one of the largest conglomerates in India. The company is involved in a wide range of businesses, including energy, ports, logistics, and infrastructure. Financial performance: Adani Enterprises has been profitable in recent years, with net income of INR 12.2 billion in fiscal year 2022-23. The company's revenue has grown at a compound annual growth rate (CAGR) of 20% over the past five years. Valuation:ADANIENT is currently trading at a price-to-book ratio (P/B) of 2.96. This is above the average P/B ratio of 1.0 for the Indian equity market. Risks: The risks to ADANIENT include the volatility of the Indian stock market, the concentration of the company's business in a few sectors, and the political and regulatory risks in India. Technical Analysis Price trend:The price of ADANIENT has been on an upward trend in recent months, rising from INR 1,700 per share in March 2023 to INR 2,450 per share as of September 3, 2023. Moving averages: Its below 20 EMA, which gives some weakness sign, however its near to 50 EMA Conclusion: The fundamental analysis of ADANIENT indicates that the company is a well-managed business with a strong financial performance. However, the technical analysis suggests that the stock may be due for a consolidation. Investors should carefully consider the risks before investing in ADANIENT. It is important to note that this is just a brief summary of the fundamental and technical analysis of ADANIENT. Investors should do their own research before making any investment decisions. Here are some additional things to consider when analyzing Adani Enterprises: * The company is facing increasing competition in some of its businesses, such as coal mining and ports. * The company is also facing regulatory challenges, such as environmental clearances for its projects. * The company's debt levels are high, which could be a risk if interest rates rise. Overall, Adani Enterprises is a well-managed company with a strong financial performance. However, there are some risks that investors should be aware of before investing in the stock. Bulls to take charge above 2610 levels day close basis. 2610 deciding level for bulls to get back which is the 6th point of 5-0 pattern and ascending triangle breakout confirmation, an important level, and if it breaks above, it can regain a 4k level again. Bears to take charge below 2410 levels day close basis. 2410 deciding level for bears to take charge for immediate 2240 & 1920 levels based on ascending triangle breakdown and the activation of 5-0 pattern. downside possible is 1000 and below. DISCLAIMER: THIS GROUP IS FOR DISCUSSION AND LEARNING PURPOSE. I AM NOT SEBI REGISTERED ANALYST. ALL MY POSTS ARE FOR Educational PURPOSES ONLY, I WON'T BE RESPONSIBLE FOR ANY OF YOUR LOSS. KINDLY CONSULT YOUR FINANCIAL ADVISOR BEFORE TAKING POSITIONS.
NSE:ADANIENT
by yogesharora2409
3
GLOBUSSPR's Chart: Bullish Breakout and Harmonic PatternIn this analysis, we will delve into GLOBUSSPR's chart to evaluate its recent breakout of the falling trendline, the subsequent retest, and the potential bounce from the 200-day exponential moving average (EMA). Additionally, we will explore the presence of a 5-O Harmonic Pattern on the chart. Based on the technical analysis, we will provide insights into a potential trading opportunity. Let's proceed with the analysis. Chart Analysis: Upon reviewing the provided TradingView chart for GLOBUSSPR, we can identify several key technical factors that may influence the stock's price action. Breakout and Retest of Falling Trendline: The chart indicates that GLOBUSSPR experienced a breakout of the falling trendline approximately 10 weeks ago, followed by a successful retest of the breakout level. The retest confirms the previous resistance has now turned into support, signaling potential strength in the current uptrend. Approaching Support at RSI: The Relative Strength Index (RSI) is approaching support, indicating that the stock's momentum is stabilizing. RSI is a momentum oscillator that measures the speed and change of price movements. A potential bounce from the RSI support may add to the bullish case for the stock. Potential Bounce from 200-day EMA: GLOBUSSPR is currently trading near the 200-day exponential moving average (EMA), which is a widely followed indicator for determining long-term trends. The stock may find support and potentially take a bounce from this moving average, further supporting the bullish outlook. 5-O Harmonic Pattern: The chart shows the formation of a 5-O Harmonic Pattern. Harmonic patterns are geometric price patterns that indicate potential trend reversals or continuation. The presence of this pattern adds to the bullish technical signals on the chart. Trading Opportunity and Targets: Based on the technical analysis, a potential trading opportunity arises with GLOBUSSPR's breakout, successful retest, approaching RSI support, and the presence of the Harmonic Pattern. Traders may consider initiating a long position above ₹978, with a stop loss set at ₹923 to manage potential risks. For the targets, the first target is ₹1033, which may act as an immediate resistance level based on the chart's price action. The second target is ₹1088, indicating potential further upside. Conclusion: The technical analysis of GLOBUSSPR's chart suggests a bullish outlook with the breakout of the falling trendline, successful retest, approaching RSI support, and the presence of the Harmonic Pattern. Traders may consider entering a long position above ₹978, with stop loss and targets as mentioned above. Please remember that the stock market carries inherent risks, and past performance is not indicative of future results. It is advisable to conduct thorough research and consider consulting with a financial advisor before making any investment decisions. Additionally, traders should closely monitor the stock's price action and consider implementing appropriate risk management strategies.
NSE:GLOBUSSPRLong
by yaashul
BPCL: Harmonic BEARISH 5-0, A Study Paper.BPCL: Harmonic BEARISH 5-0, Study Paper. This pattern mainly used in FOREX. Though also useful for Stocks much depends on Forex movement. Hence I choose BPCL. Some Facts: 1. On the chart, we notice that the price originally directed upward from the point 0 to point X ( where the point 0, shall be located below the point A ) 2. Further, the price makes a corrective move from point X to point A 3. Point B in this case is directed in the same way as the original trend of OX, and the point B is located at a distance 1.236 ( Criteria from 1.13 to 1.618 ) on the length of XA 4. Then we expect the formation of point C, which was 2.0 ( Criteria: should be within 1.618 — 2.24 ) of the segment AB 5. Once formed the point C and the price gone up, we construct a parallel channel by 3 points: the AC and hold a parallel line through point B . 6. At the same time about this 2nd parallel to the line and we will have is a point at which we will enter into a deal to sell, and it will be located at a distance of 0.50 Fibonacci segment BC . So it should be noted that AB = (or approximately equal) CD 7. Once we have determined the entry point to set aside an order to Sell — Sell Limit your selected volume, according to the rules of Money Management. 8. The next step — to set the Stop-Loss, I personally recommend setting for the next important level for the Fibonacci sequence. In this case on several level of Fibonacci sequence (like 0.618, 0.786) . I personally prefer in between above mentioned levels. 9. Next we define the goal of Take-PROFIT . Here it is up to you. Though a lot of variants (Discuss some of this): Option #1 . We can find important Fibonacci levels from trend upward movement to point B and put the profit levels 0.386, 0.618 , 0.786 Fibonacci Option #2. We can close part of the deal at the census point C, while the rest move to breakeven or to put on a trailing stop Option #3 . We can calculate the point of closing the deal on the Fibonacci extension — at a distance of 1.382 — 1.618 — 2.618 of the segment BC Intraday / Swing / Positional Entry Exit levels will be Updated later. For FnO Trader : STRATEGY on QUERY . If this post enriched your knowledge & helpful for trading, Please don't forget to Hit / Click Like button & Also SHARE Others Individual or Groups. Your likes are the only motivation to post better ideas in future. Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
NSE:BPCLEducation
by DSKF16