Panacea Biotech-A high risk, huge reward stock!Panacea biotech is in news for developing Dengue vaccine.
Technically, stock has bounced from support trendline and is looking strong to test ATH levels once again which can be around 2x from CMP.
Keep in watchlist. A very risky volatile stock and is not a recommendation.
ATH
#AETHIR Price Prediction & 1300% Potential In Bull MArket #AETHIR Price Prediction & 1300% Potential In Bull MArket 🚀
TSX:ATH is showing strong bullish momentum with a breakout on the daily chart. Given the project's potential, especially as a competitor to , there's a clear path for significant upside.
With #RENDER market cap at $4.5 billion and AETHIR at just $380 million, a 13x increase to $1 seems achievable in the current bull market, placing #ATH in a $5 billion market cap range.
Key Levels:
▪️ Accumulating between $0.05-$0.073 is ideal for positioning.
▪️ Targets: $0.15, $0.30, $0.50, $0.70, $1, $2.
▪️ Stop-loss: Below $0.04 (high risk, high reward).
This dip presents a solid buying opportunity for those looking to ride the upcoming bullish trend.
Samvrdhna Mthrsn Intl Ltd near ATH Daily TimeframeSamvrdhna Mthrsn Intl Ltd Gave a good breakout of bullish pennant chart pattern and is now testing its all time high
A Good Daily Closing above 210 levels can bring further upside momentum in the stock with possible targets ~232 ~262 and ~296
Intial SL will be prev swing low i.e 199.4
Do Wait For Daily Candle Close
BAJAJ FINSERV ATH BREAKOUTBajaj Finserv has been consolidating since 2021 and had formed a bullish pennant pattern , which it has already given breakout of , If The stock gives strong weekly closing above all time high levels with good volumes it can bring further momentum in stock
Do lookout for weekly closing above 1933 levels for possible target of ~ 2800 on positional basis
BALRAMCHIN ATH breakout after 2 years of consolidationBALRAMCHIN has finally broken out after a prolonged 2-year consolidation period, signaling potential upward momentum. This breakout could attract strong buying interest as investors and traders alike take notice of the stock's renewed strength. Keep an eye on the volume and price action in the coming days to gauge the sustainability of this move, as it may present a significant trading opportunity.
Sectoral Analysis-Nifty MetalNifty Metal is all ready to make a new ATH.
The chart structure indicates a bounce from strong support trendline and we have seen a breakout today of 9400 level.
Levels to watch are 9600, 9750, 10000++
Keep metal sector stocks in watchlist for quick swing like Vedanta, Hindzinc, Hindcopper.
SAIL is available at an amazing support retest and can be a good positional pick as well.
Please comment below if you need any specific stock analysis!
Grasim at make or break levelAs seen on the chart, Grasim stock is trading near a strong supply zone of 1750-1775.
The stock also has taken support from trendline which is drawn from 2020 lows.
If the stock manages to break its ATH level and sustain above this supply zone for few weeks, we can see a flag breakout and a new bull uptrend in this stock.
However, rejection from supply zone can bring to stock to 1670, 1580 or below.
This is a FNO stock and hence we can expect a good amount of call writing at 1800 levels. Also, the chart is very similar to JSWSteel chart which i posted 2 days back.
Note:-Idea has been shared for educational purposes and shouldn't be considered as a recommendation.
DMart-Is the breakout for ATH done?Dmart has been consolidating in an ascending triangle pattern since it had tested its strong demand zone of 3200-3300.
Stock managed to give a weekly closing above the resistance of 4200.
It is a high risk, high growth stock, so trade accordingly. Valuation at current price is not good for investing.
Stock can touch ATH if we see a bullish market again.
LIC Housing Finance (LICHSGFIN) ATH BREAKOUT.Entry Range: Current price level
Targets:
Target 1: ₹961
Target 2: ₹1290
Stop Loss: ₹729
Trade Rationale:
ATH Breakout : The stock has broken out from its all-time high, indicating strong bullish momentum.
Technical Indicators : Volume
Support Levels : The stock has strong support around ₹729, making it a reasonable stop loss level.
Risk Management : Please make sure position sizing is appropriate to manage risk and follow the stop loss to protect capital.
Will NIFTY consolidate or will show a strong SELL OFF ?Nifty has touched the upper trendline, previously whenever Nifty has touches the upper trendline it has give a correction or a sideways movement and slow downward movement.
23800 looks like a strong support zone also a breakout point for the Flag pattern. It can touch it and have a strong retest at that level and start its journey towards 24800 levels !!
GEECEE VENTURE: All-Time High Breakout OpportunityWe are witnessing a remarkable opportunity as GEECEE VENTURE makes an all-time high breakout. The price structure leading up to this breakout is quite compelling, adding to the appeal. However, it's crucial to exercise caution to avoid getting caught up in a potential fakeout.
Here are our criteria and steps for this trade:
Confirmation Close: We need today's price to close above the all-time high (ATH).
Breakout Confirmation: We want to see today's high broken in the coming days.
Initial Entry : We plan to enter with 30% of our usual quantities when today's high is breached.
Re-entry on Re-tests: We'll consider adding more at the re-tests indicated on the charts.
Please refer to the chart for our stop-loss (SL) level, which we'll adhere to if the trade doesn't unfold as per our analysis.
Our analysis aims to be crystal clear for the audience, providing a compelling opportunity while emphasizing the need for caution. We invite traders and investors to join us in exploring this potential trade.
Please let me know if you'd like any further adjustments or additions to the content.
NIFTY- A strong move is about to come?An index analysis idea after many many months.
Reason:- Today, we saw a short covering 400 points up move in Nifty with an ATH closing.
What is the chart speaking now?
Nifty has given daily closing above 22800 which was a strong supply zone.
23000 is a psychological resistance in Nifty now.
As from chart, it is clear that our dear Nifty is trading in a channel and 23100-23150 is the next supply zone. If we see a consolidation near 23000, we might see this resistance getting broken and strong bull run till 25000 should be expected.
However, there are high chances of bull trap getting formed in this zone , especially 4th June being an eventful day which is just 2 weeks away from now. I am expecting a highly volatile market till June end.
KNRConstruction-A breakout for big returns!KNRConstruction is an undervalued infra theme stock which is looking strong on chart.
It has given a flag breakout and above its ATH, it has potential to fly.
Q4 results of stock are amazing and it can fuel the rally.
Keep in watchlist. Not a recommendation
Sumitomo-An attractive support reversal trade Sumitomo has a strong demand zone at around 345-350 levels which has been tested multiple times.
Stock is looking strong as a reversal trade since we can see good volume buying from demand zone. A weekly closing above 450 will open ATH and above targets for the stock.
Keep in watchlist.
Just my personal opinion and not a recommendation
Cartrade-A risky positional trade for ATH targets!Cartrade has given outstanding Q4 2024 results and bullishness in the stock is indicator of same.
However, these stocks come with good amount of risk with bigger rewards.
Stock has formed beautiful cup & handle pattern and is about to break it.
Once 1000 is crossed, we can see ATH levels soon. I had seen similar breakout in PBFintech (Policybazaar).
If you believe in new age startups, this stock is technically looking bullish.
30 Apr 2024 - Sharp fall in last 1 hr, rebalancing or reversalNifty Analysis - Stance Bullish⬆️
Recap from yesterday: "We are now very close to the ATH and once we take out that, we can safely remove the double top pattern."
Nifty does a decent climb to hit a new all-time high of 22783 and then a brutal fall of 215pts ~ 0.95%. No matter how professional a trader you are, you cannot set a trap to make money out of that move. Agreed, the 22700 PE buyers would have made some decent money today, but it was never in the cards.
Nifty was bullish and stayed bullish from the start, the sign of meltdown was not there, not according to me anyway. I was really scared that we would take out the 23800 on 2nd May as it's a holiday tomorrow.
The 63mts TF paints another picture, a perfect triple top at the 22780 levels. A double top between 9th and 10th April and the third top today on 30th April. It is not a conventional triple top anyway, but the ATH levels are seen as quite shaky. As long as 22519 is respected, we maintain the long stance. Nifty algos ended the day with a gain of 210 INR.
Nifty's Magical Rebound: New All-Time High Targets!1. Nifty Overview:
- Downtrend observed, finding support near EMA 200.
- Magical rebound as Nifty touched EMA 200 support.
- Result: Nifty achieves a new all-time high.
2. Finding New Targets:
- Utilizing Fibonacci extensions for target projection.
- New targets identified: 21150, 21620, 22320.
Exciting times ahead for Nifty! 📈🚀 #Nifty
01 Mar ’24 — Nifty beats the double-top & goes GREENNifty Analysis - Stance Bullish ⬆️
Recap from yesterday: “On the higher timeframe, the last candle of the day stands out, ample GREENery for the Bulls to feast. We are not removing the double top (M pattern) for now, because to negate that Nifty50 has to take out the ATH.”
4mts chart
Was the Nifty’s price action predictable in the last 2 days? What do you think after reading our post-mortem reports? Yesterday we had a rally from the support 21913 to the resistance 22051. And today we briefly touched 22051 support and then surged upwards. Today’s price action was 100% Bull dominated - we did not even have a retracement. Nifty ended the day with a gain of 355 points ~ 1.62%. The odd man out today was NiftyIT, which did not want to participate in the rally and instead went the other way. It ended the day with a loss of 204 points.
BankNifty played a pivotal role today in helping Nifty50 take out its ATH, it is official - the new highs are 22353.3. And we may also have followthrough momentum tomorrow during the special trading session.
On the higher time frame chart, 2 things happened today. Firstly, we broke past the 22051 support/resistance zone which meant we did not have any more resistance. Secondly, N50 went above the double-top pattern - negating that, so from the next day’s report it will get removed. Our stance is now bullish and agrees with what we had in mind yesterday. We were just waiting for the double-top pattern to be negated.
63mts chart