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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!
NSE:KSBLong
by AfnanTAjuddin
8
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
NSE:BANKNIFTY
by TraderRahulPal
2
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!
NSE:HCGLong
by IIMA_Brat
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.
NSE:JAMNAAUTOLong
by jai9195
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.
NSE:NIFTYLong
by TraderRahulPal
2
PostMortem on BankNifty Today & Analysis of 21 JUN 2023Yesterday I said, " I will be a believer if we continue the green spell tomorrow also." - guess what Finnifty hit all time high today at 19660.1 at 13.55. This is partly due to the news flow in HDFC & HDFCBK (both are having good weightage in finnifty). This is the main reason it outperformed with gains of 0.68% whereas Nifty & Banknifty had gains of 0.21% each. Today proved to be a perfect day to deploy straddle on banknifty - the momentum to swing was low and open/close were quite nearby. I assume most of the traders would not have deployed it as we had some aggressive move last hour yesterday. Nifty50 on the other hand provided adequate volatility to drive up the options prices much better than BN. The period from 09.55 to 11.15 looked dangerous & I was looking for bearish trades. Again the strength of bulls outpaced the bears - we had a gradual recovery and closed near the high point of day. The biggest difference in trade today BN vs N50 was the volatility. BN was not at all interested in going up or down, whereas N50 had eyes to take out the ATH. Unfortunately we fell short today also. INFY & KOTAKBANK pulled the plug after 15.05 otherwise we should have seen history in the making! I personally think the HDFC-HDFCBK moves 1.63% & 1.75% were unusual and this should have broke the existing rhythm of BN's movement. I would like to see tomorrow's price action i.e. expiry trades too and then become a proper believer. One of the reason I am saying that is even with gains of 1.75%, hdfcbk could only move BN up 0.21%, there were many trades taken on the other banks to counter-balance the upmove in HDFCBK. I would like to see how it pans out tomorrow, esp after 14.00. --- 15mts is still sloping downwards indicating weakness. Its not an outright bearish view but somehow BN is not that excited with N50 going for new highs.  --- 1hr shows a converging pattern unless we breakdown from the 43402 levels & cross 43253 quickly. Currently what BN is lacking is momentum, only a downward move will give it strength to rally & break through!
NSE:BANKNIFTY
by viswaram