Alltimehigh
IRB Infrastructure could rally soonIRB Infrastructure has been consolidating on weekly timeframe for a very long time and has created a good BASE for upcoming rally, it is also near its All Time High Prices absorbing the SUPPLY, as well as we can clearly see the 50 Daily EMA + 200 Daily EMA following the price and Volume Dryups for Red Days and on Green days significant VOLUME activity and we also have NEWS catalyst like Quarter Profits rise and Record high Block Deals for the company, so we could soon see a Rally one we pick up on VOLUMES above All Time High
HOMEFIRST near ALL TIME HIGHHomefirst Finance seems good for the upcoming month which has earnings in December, it is also near its ALL TIME HIGH with WEEKLY action looks like the price is CONTRACTING or SUPPLY ABSORBTION, alse fundamental rise in QTR profits with GOVT Housing PUSH.
200 EMA is just a bit of concern as it is lacking.
Breakout in Poonawala after 2 years!The stock of Poonawala fincorp has been consolidating in an ascending triangle pattern since end of 2021.
Currently, the stock is trading above its previous all time high of around 343.8
Buying at the top is always risky so keep this stock in watchlist and enter at a retest of 320 levels or as per your own risk reward.
Idea is shared for educational purposes.
Unpacking KSB : From Breakout to Retest - What's Next?Hello Traders! Today, we're going to take a deep dive into the technical analysis of KSB , a prominent company known for manufacturing valves, pumps, and more.
🔍 Understanding the Chart
KSB has recently made an all-time high on 23rd August 2023. Interestingly, it broke this all-time high on 21st September 2023 with impressive volume. The stock has now returned to its previous all-time high to retest the breakout, but with very low and decreasing volumes. This pattern suggests that it's a retest of the previous all-time high breakout.
Entry Point : The stock is currently trading at 2864. We may plan an entry at this level.
Stop Loss : The stop loss will be around 2840.
First Target : The first target will be at least 2960.
Second Target : The second target will be around 3030.
📊 Fundamentals
The fundamentals of KSB are strong, with the company posting impressive quarterly results. You can check the details below image:
🔔 Upcoming Events :The company is expected to post its quarterly results in the coming days, which could potentially impact the stock's performance.
📚 Key Technical Terms Explained
All-Time High (ATH): The highest price ever reached by a stock.
Volume : This refers to the number of shares or contracts traded in a security or market during a given period.
Retest : This is when a stock moves back to a price level it has previously broken out from, often to confirm that level as either new support or resistance.
💡 Conclusion
Remember, this analysis is for educational purposes only. I'm not a SEBI registered analyst. Always do your own research before making any investment decisions.
If you found this analysis helpful, please press the 🚀 icon, leave a comment, and follow my profile for more updates: in.tradingview.com
Thank you for your support and feedback!
Bullish Bank Nifty Intraday levels 12/Sep/2023Good Morning Everyone,
First of all congratulation to everyone for milestone done By India (Bharat). NIfty made all time high and touched 20k levels. Now it's Banknifty turn to do some fireworks from here, Well guy's banknifty also has done well yesterday,, i mean buyers has dominated the market. The index saw a strong positive opening and closed at 45571, the highest closing level since August 1, rising 414 points. It has formed a bullish candlestick pattern on the daily timeframe, making higher tops and higher bottoms for the third straight session.
The next significant resistance level for the index is at 46000, where a substantial amount of Call writing is evident. On the downside, the key support level has shifted to 45000, where the highest open interest built up on the Put side.
Important levels for Banknifty:-
Support zone 45500-45375
Resistance zone 45725-45850
Buy above 45761, if levels sustains at least for 15 mints.
Targets we can see in upside 45969/46170/All time high 46370+
Keep stop loss at 45363
Sale below 45363, if levels sustains at least for 15 mints.
Targets we can see in downside 45189/44963
keep stop loss at 45761
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
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
HCG.. Big ATH Breakout (On the way, for 500% to 1000% returns)Fundamentally::
- Cheapest across the Hospital Industry, with 18x CFO to EBITDA
- Cancer care is in the great tailwind across developed economies, which makes HCG a good play for the long run. As India evolves into a developed country, or India positions itself as a medical treatment outsourcer.
- CEO is capable of envisioning a turnaround in the business
Technically::
- Highest strength across its industry peers
- Fresh breakout of all-time high, may go 5-10x from this level in 5-7 years.
Disclaimer:: Biased.
#Very_high_Skin_in_the_game!
VARUN BEVERAGES Looks BullishVARUN BEVERAGES looks bullish as it is about to break it All time high. Recent wedge breakout signals that it is ready to break its ATH. It can take a small pullback and then can break ATH or else it can also break the ATH directly. Keep Watching it.
Note: Do your own research while investing.
Jamna Auto - big breakout stock gaining momentumJamna auto cmp is 107
The stock made high of 100 in year 2017 and then made low of 21 durind covid crisis. Then again touch high of 130 plus levels and now trading at 105-107.
The stock is making cup and handle pattern, also big buying volumes have come around 100-110 levels, suggesting big move coming up for atleast 170 levels.
Then may go past 200 levels.
Over fundamental basis , annual profits are increasing yoy basis supporting increase in the share price.
Thanks.
Weekly to Monthly Analysis on Nifty Levels After huge BreakoutHello Traders and Investors.
I have brought analysis on Nifty for weekly to Monthly view. So, let's start.
Yesterday we have seen a nice recovery in the last hour of trade after consolidation, despite a lack of support from Banknifty and closed above 19600 successfully ahead of Interest rate decision by the RBI's Monetary Policy Committee. We have seen falling Resistance trendline breakout and sustainability there, I am expecting rally in market towards 19850 to new All time high means from here t0 20000+ levels. Now we have crucial support zone at the 19500-10375.
Yesterday it was amazing to see Nifty trade in different ways, i mean like it has opened flat and then went down and taken support at 200 EMA, and then reversed with huge volume and given successfully breakout of Falling resistance trendline..i mean it was awesome.
Option chain also suggesting a strong support zone at (19500-19600) as we have seen highest Put writing on the strike of 19500 followed by 19400 strike, then 19600 strike as well.
Highest Call Writing also seen at 19800 strike followed by 19700 strike. So we can assume this could be little resistance zone for coming session. Today is Expiry day and RBI policy, so we can assume some fire crackers in Today's market, there is no any doubt if we can see nifty above 19750-19800 levels just today,,yeah i am right, market has given neat an clean breakout and if we get any big positivity from RBI governor then you can assume where nifty could be end of today's session. Well predicting that much early in the morning is not good, We will see what is going to happen. But yeah session should be interesting.
Okay guy's trade carefully, use proper stop loss and wait for the best levels to enter, go with less qty as market could be very volatile today.
Some important levels for Nifty:-
Buy with current price and accumulate more if you get down levels from here,
Targets we can see in upside 19716/19789/19866 and 20000+ (All time high+).
Keep Stop loss at 19475.
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.
Banknifty ( Next week contract )Banknifty ( 13/07/2023 )
.
For " long "
entry: 4250
target: 45500
stoploss: 45000
.
For " Short"
entry: 49950
target: 44750 / 44500
stoploss: 45250
.
enter only if market Breaks " S & R Zone "
.
wait for proper reversal and conformation.
.
don't be aggressive.
.
refer old ideas attached below.
Banknifty Next contract (13/07/2023 )Banknifty ( 13/07/2023 )
.
For " long "
entry: 4250
target: 45500
stoploss: 45000
.
For " Short"
entry: 45050
target: 44750 / 44500
stoploss: 45150
.
enter only if market Breaks " No trade zone "
.
wait for proper reversal and conformation.
.
don't be aggressive.
.
refer old ideas attached below.