BREAKOUT IN SELAN 📌SWING TRADE FOR NEXT WEEK🚀
Hello Traders⚡
I am a Swing Trader by Passion i only trade on Momentum Stock's.
📌I Post Daily SWING CHARTS Analysis on My Trading view profile..
So let's Start
📌TRADE ANALYSIS OF -SELAN-
• Potential Breakout Chart
• VCP Pattern
• Short Range Consolidation
• Price Can Take Retest from support Line
• Overall The Price Is Moving In HH-HL Formation
• Volume Buildup Near BO Zone
• Looks Good For 10-20% Upside Levels After The Breakout
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all charts analysis are only for educational purposes only
I do not provide any CALL or Tips
Basebreakout
BLOCKBUSTER IPO AT ITS SUPPORT LEVELTata came back to IPO market with an this company in 2023 in almost 2 decades. Issued at price of Rs. 500, listed at 1200 but finally it has cooled and can be added from investment perspective for long term. NSE:TATATECH around 1000 with breakout possible in few weeks looks exciting with very small stop loss of 5%.
Publishing my 50th idea on this platform. NSE:APOLLOTYRE broke out of falling trendline resistance yesterday and re-tested today. Expecting some good moves here for July expiry. Seems like it will not take much to break above the base for a double bottom breakout 520+ level. It should have closed in green today but it did not so may take some time as well before the big breakout.
EMUDHRA - BASE ON BASE FORMATION WITH BREAKOUTHi All,
This idea is about EMUDHRA
Fundamentals
Market Cap - 7438 Cr
Stock PE - 98.7
ROE - 14.4%
ROCE - 17.7%
Promoter Buying - 54.4
Quick Ratio - 5.71
D/E - 0.01
Emudhra is a licensed certifying authority involved in issuing digital signature certificates in India under its eMudhra brand. The company is licensed by the Controller of Certifying Authorities (CCA), Ministry of Information Technology, and operates under the guidelines set by the Information technology Act
Technicals
After forming 2 bases, the price action is poised for stage 3 advance before forming next base. All the stages are shown in chart for clarification
Hope you'll enjoy this idea,
Happy Trading,
Thanks,
Stock-n-Shine
THE NEW INDIA ASSURANCEThe setup is low risk high reward.
A nice base formation refusing to fall 5 times.
Stage 2 Stock
New India Assurance Company Ltd is India's largest non-life insurance company. It is promoted by the Government of India (GoI) holding ~86% stake
Presently, the company operates through a network of 2,200+ offices across 29 states and 7 UTs in India
Presently, the company is a market leader in health, motor, liability, fire and marine line of insurance business.
It has ~14% market share in general insurance industry in India.
The company has operations in 28 countries. It has branches and agency offices in Abu Dhabi, Australia, Bahrain, Dubai, Fiji, Hong Kong, New Zealand, Mauritius, Japan, UK, Thailand, and others.
The company is strategically important to Govt. of India because of its dominant market position and because it is the flagship Indian general insurer in the international markets, with a desk at the prestigious Lloyd's syndicate in London. It can help the govt. to materially enhance insurance penetration in the country over the long term.
BATAINDIA Breakout of Darvas boxNSE:BATAINDIA 1W TIME FRAME
1. Trading at a support line at ₹1358.00. The stock is experiencing accumulating buying interest and is expected to bounce back up. The stock price is currently resting on this support level.
2. Darvas Box: A rectangle on the chart created by drawing horizontal lines at the highs and lows of a trading range. The idea is that the stock price will eventually break out of the box in either direction.
3. In May 2021, the stock initiated an upward move from 1350 to 2000, then retraced back to support. Starting from where the last journey began in March 2023, the stock once again saw an upward trajectory. It later retraced back to support. Now, mirroring previous patterns, it's establishing a base. In April 2024, sellers attempted to push the price down, but they were unsuccessful. This failure indicates high accumulation or buying interest, suggesting a potential upswing. If the stock consolidates near resistance and forms a base, we may anticipate further upward movement.
It is important to conduct your own research before investing in any stock.
Few Examples of Darvas Box For better understanding
Darvas Box Bigger the bigger the potential of upswing
Ex 1 .
Ex 2 .
Ex 3 .
These are examples for better understanding about the Darwas box.
IOC NEAR CONSOLIDATION BREAK OUT IOC
Rally - Base - Rally price action
1.First Rally, then forming Base (Consolidation) & then again expected Rally after break out of the line of least resistance.
2. Close above previous day High(172.6)
3. Close above last week High(173.7)
4. High increase in 1 month (+5.4%)
5. High increase in 3 month (+20.5%)
6. High increase in 6 month (+103.4%)
7. High increase in 12 month (+117.1%)
8. Promoter holding 51.51%
9. Pledged percentage 0.00 %
10. Change in Prom Hold 0.00%
11. FII holding 8.49 %
12. Chg in FII Hold -0.35 %
13. DII holding 10.2 %
14. Chg in DII Hold 0.33 %
15. Stock PE 5.33
16. Industry PE 7.89
17. ROCE 8.09 %
18. ROE 7.17 %
For Educational Purpose Only
Bolo Apollo Micro ki Jai ! Apollo Micro Systems, a 40-year-old Hyderabad-based company led by B. Karunakar Reddy, has grown into a major player in India's defence and space sector. This publicly traded firm, with 350 employees including 150 engineers, prioritizes R&D and homegrown technologies, serving Defence and Space departments. To capitalize on the rising demand for indigenous defence solutions, they focus on air, land, and sea defence electronics, with a focus on surveillance tech. Their commitment is further emphasized by a 5-acre expansion in Telangana, featuring a 3,50,000 sq. ft. facility for missile and subsystem manufacturing, weapon maintenance, and UAS/UGS production.
This Rs 210 Crore investment, adhering to international standards, is expected to generate 400 jobs. The recent inauguration by Telangana's Minister highlights their contribution and reinforces the state's position as an aerospace and defence hub. With continued government support, Apollo Micro Systems is poised for a bright future in driving defence innovation in India.
According to Quarterly Results, the net sales increased by 10.9 per cent to Rs 91.34 crore, profit before tax (PBT) increased by 57.3 per cent to Rs 14.37 crore and profit after tax (PAT) increased by 50.9 per cent to Rs 9.96 crore in Q3FY24 compared to Q3FY23 while in its nine-month results, the net sales increased by 23.87 per cent to Rs 235.20 crore, profit before tax (PBT) increased by 47.1 per cent to Rs 25.93 crore and profit after tax (PAT) increased by 57.7 per cent to Rs 18.18 crore in 9MFY24 compared to 9MFY23.
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.
Powerful base breakout in this power generation company!NSE:SJVN
This company is into THERMAL / HYDRO / RENEWABLE power generation and distribution.
Key technicals:
- The stock price has made a huge base breakout on weekly charts closing above previous high made somewhere in 2018
- Volume has been consistently increasing over the past few weeks
- The stock returns have largely outperformed the nifty returns since Q1 this year
- Stock not in overbought zone
- Stock not in ASM/GSM lists
Key fundamentals:
- Dividend yield higher than sectoral peers
- PE ratio lower than sector
- EBIDTA and NPM margins on the rise since last 4 quarters, same goes with sales
- Debt to equity is well lower than 1 with ~5x interest coverage
- Promoter holding is significant with no pledging
Edelweiss Swing Trade (1:2)There's some interesting price action happening in Edelweiss Fin After a strong base formation it gave a Breakout with good volumes expansion. It retested thrice on the same support of 51 giving the stock a strong bounce every time. After it broke out it halted and started going for a pullback and that too with dull and weak sellers' interest and this low volume pullback suggests a good retest and if you are having a low risk appetite then prefer going in after it shows a sign of reversal like a hammer to make sure it respects the support zone around 65 and if it somehow goes below. I have kept a logical stop loss below 59-60 where lies another resistance turned support! Below it the structure fails and an exit should be made. Position size according to risk appetite and use strict exit rules, I would prefer a close below 58 to trigger my SL as a wick is frustrating but at that time will update here in comments if the price approaches that zone.
If we talk about targets we have the next resistance 20% from here I.E. at 77. so we get 1:2 if it hits our target.
To add more conviction I have added the volume POC that suggests the highest traded zone and it lies around the second support zone of 60.5. Another strategy can also be used to scale is by adding half @ CMP & half @ 60.5
THIS IS NOT A FINANCIAL ADVISE & KINDLY DO YOUR OWN ANALYSIS/RESEARCH..
Thanks for reading!