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Athbreakout

LGBBROSLTD headed for 4 digits +Attached: LGBBROSLTD Daily Chart as of 20th June 2023 Today Price gave a Clean Strong Volume Breakout making New ATH and signaling that the Blue Sky is now Open for Price to precisely breach past the 4 digit aka 1000 level mark ! - Past few candles have strong Volume buying and the Base from the Price has taken off is also well within what you may call Accumulation based on the Volume patterns - Ichimoku System also gave a Super Bullish Buy Signal today - Price is Trending up within a Channel which is visible when you Zoom out on the Weekly TF and so it is a clear case of Higher Highs and Higher Lows as per Dow Theory Up Trend
NSE:LGBBROSLTDLong
by T_Harth
PostMortem on BankNifty Today & Analysis of 30 MAY 2023 FinNiftyYesterday's high of 44483.35 broken today, the new ATH is now 44498.6 thanks to the last 2 5mts candles of today. Banknifty is now in some real good form - not planning to retire any time soon. Would have got some inspiration from MSD from the IPL 2023. The opening was not that exciting, we even fell in the first 5mts to hit an intraday low of 44207.5. But again no intention to hit the first support at 44068. From there the price action was flattish.  In the opening minutes, I felt Nifty50 to be more promising of a bull run today vs banknifty looking at the options data and the credit spreads getting written at PE. But Nifty's momentum faded out after 10.15, nevertheless it also ended the day in green but just ~ 250+ points to reclaim the ATH. The run in Indian stock markets has been nothing short of surprising, even with the currency devaluation our markets has continued to outshine for the domestic investors. I am really worried about the foreign investors - are their Indian portfolios still in green? --- 15mts TF shows strength today as the gap up of yesterday's was not broken. The momentum is favoring the bulls. As long as the gap-up level holds the bulls will continue to keep their position alive as it will be in profit. If there is a deeper cut, these bulls should run for cover creating a small fall even lower than the recent swing low. For that to happen we need some news/event trigger because as it stands now - its euphoria. --- 1hr TF also shows strength, same reason - the gap being untested. Also the 5 candles of consistent green today - something you dont expect after a big rise. Might be the news of ATH getting taken out would have hit the media and new participants would have entered the markets (the volume does not say so) --- FinNifty expiry Special CNXFINANCE also hit a new ATH today 19636.9. The rally of 117pts coming after 14.00. Of which 60% of the pts coming after 15.05. Market makers & Big Boys have a new system to rally or break the markets after 14.30 these days causing minimal impact to the options premium. But one exception would be the 19600 CE Finnifty that went up a whopping 2835% between 15.05 to 15.10. Price wise a rise from 0.5 rupees to 14.85 rupees. Finally it settled at 6 rupees. Again a perfect example of how options trading can reward the knowledgeable and the person who acts on that. to see all 6 charts of today visit viswaram. com
NSE:BANKNIFTY
by viswaram
Finolex Cab - Strong up move momentumKey Points: - On daily and weekly chart strong bullish momentum seen with breaking ATH price & potential to have up move for short term - Cup and Handle chart pattern - RSI @ 81 with breakout & crossed RSI MA of 65 - Volume above VMA - Price crossed above 20,50,200 EMA In Gujarati “ Bhav is Bhagwan ” Disclaimer : I am not a SEBI registered Analyst. Please do your own Analysis before taking any trade/investment. The above view is just for educational purpose only.
NSE:FINCABLESLong
by Alpha9982
This global IT solutions provider is about to hit ATH!This global IT solutions provider is about to hit ATH! NSE:SONATSOFTW Strengths: • Strong growth in Digital and Platformation segments • Diversified customer base and long-standing client relationships • Robust demand environment and optimistic outlook for the future • Differentiated Platformation and Lighting tools framework for competitive advantage Weaknesses: • Declining revenue in the legacy business • Slow recovery in the travel vertical • Lag cycle in IT investment affecting growth in some segments • Dependence on key clients for a significant portion of revenue Opportunities: • Increasing demand for digital transformation and cloud adoption • Growing importance of data analytics and AI/ML technologies • Potential for expansion in international markets • Opportunities for strategic partnerships and acquisitions Threats: • Intense competition from larger and established players in the market • Economic and geopolitical uncertainties affecting customer spending • Rapidly changing technology landscape requiring constant innovation and adaptation • Risks associated with data security and privacy Sonata Software appears to have several strengths, including strong growth in key segments, a diversified customer base, and a positive outlook for the future. However, the company also faces challenges such as declining revenue in the legacy business, slow recovery in the travel vertical, and dependence on key clients for revenue. While there are opportunities for growth in digital transformation and international markets, there are also threats from intense competition and economic uncertainties. Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
NSE:SONATSOFTWLong
by UnknownUnicorn23435789
Ethereum looks really bullish wooowHELLO dear Treaders : After a very long time, ETH has reached the declining trend line that you can see in the chart and looks strongly bullish. Since Nov 2021, when the bear market began and the price of bitcoin and others alt-coins started to drop from their all-time high, ETH price has hit this trend line, twice (as you can see in chart). The first time, the price hit the decreasing trend line was at USD 3570, in Apr 2022 and the second time happened today at USD 1700. In my opinion, ETH can reach higher prices after this bear market and in my point of view, there is a great opportunity to buy ETH at USD 1700 in spot (You can consider this buy position for your future trading but do not over leverage your positon!) In daily time frame, ETH can break USD 1700 and start a new bull run. The first ETH strong resistance line is around 2630/2650 and therefor until we reach that price point, do not over leverage your positions and be careful about future trading.
BITSTAMP:ETHUSDLong
by Traderforallseasons
2
Powerful Electric Pick: POWERGRID ALL TIME HIGH BreakoutYes it is a powerful electric pick, POWER GRID broke ATH today, Closed above Darvas ji ka box. An open above the box could give decent up-move, but don't forget it is also a one of the best bet for long term portfolio in Energy sector. Energy sector is the future. Power sector stocks are in bull run. Considering company's business portfolio and government policy on mega power project it is a buy for long term portfolio. For long term SL: 160 A must must buy. NSE:P
NSE:POWERGRIDLong
by BHARAT_WASI
2
PRICOL | Retest Support Candidate after ATH BO |Buy for 60%NSE:PRICOLLTD Pullback candidate to retest support after Multi-Year Cup & Handle Bottom Breakout Stock making Consistent Higher High & Higher Lows Consistent Buying in last 12 months Did not fall in recent correction of Dec'21 & Jan'22 signals strength & potential new market leader Buy on any correction B/w 125-110 Return Potential : 60%(Min) Targets : 146 - 156 - 173 - 186 SL : 100 Golden Cross Over Monthly & Weekly RSI>60
NSE:PRICOLLTDLong
by manuvsingh
MCX Crude looks spooked, shaken, and violently swirledSomething has spooked, shaken, and violently swirled the crude markets. What exactly is brewing with oil? The rising and strong trendline that began in Apr 2020, has been tested twice on the weekly time frame earlier. This week, it's simply taken out. Broken in one clean swipe. It's almost like a butcher's big solid knife has sliced through warm butter. That’s how the wide-ranging weekly bar with above-average volumes is describing itself to me. (Or maybe it's my hunger pangs that are causing me to view Crude so crudely. :-) ) Even though Crude is currently testing the rising 200dma, (which happens to be a strong support zone) the possibility of this zone holding appears rather bleak to me. The market and price action are always supreme. Yet, if this 200dma level holds, Crude may well continue to brew strongly and surprise me as well. How much the downside lies ahead if and when 200dma gives away? The ATH range of 5535-5719 has formed over a long period from Oct 18 and Jul 21. The manner in which it has given away is indicative of a likely sharp down move ahead. The Fibonacci supports of (23%) lie at 5100 and 38% lie at 4279. For Crude to continue brewing with interest and to stay strong, it needs to stay above the 4279 level. There are multiple supports here in this range from 4279 to 4565. This zone may well provide some support, albeit for a short bounce. It remains to be seen how this zone supports and shapes out ahead. This will define its future path. Such sharp reversal moves and the breakout failure often have a tendency to retrace to the extent of 50% (3622). Eventually, the 61% retracement level @ 2951 could well be a distinct possibility, if crude starts to trade below 4279 levels. At this point in time, these lower levels do seem far-fetched. Yet for now, these appear to be a distinct possibility IMHO. Time shall quickly tell if this is a strong brew or it’ll be weak and subdued. Cheers until then.
MCX:CRUDEOIL1!Short
by amar_gr
Nahar poly films - ATH breakout1. Price crossed All time high with good volumes. 2. Price retested the breakout with decreasing volumes. Entry: 335-345 SL: 305 (daily closing basis) Targets: 370/385/405 --> Promoters holding remains unchanged at 70.29% in Sep 2021 qtr. --> Institutional Investors have increased holdings from 0.03% to 0.18% in Sep 2021 qtr. --> Quarterly EPS is in uptrend --> Quarterly Revenue is in uptrend Above analysis is only for educational purpose.
NSE:NAHARPOLYLong
by viswanathreddykurla