PUNJAB NATIONAL BANKHello & welcome to this analysis
In my previous post on the bank I had suggested the likelihood of it declining to 103 where it had double bullish harmonic patterns. (link to that post is given)
Now the bullish harmonic Bat & reciprocal ABCD patterns are indicating the probability of a rally till 106 & 109 as long as it sustains above 100.
Immediate resistance at 104 with strong support near 102.50
All the best
Bat
GOLDHello & welcome to this analysis
In 4hrs time frame GOLD (MCX) has activated a bearish Harmonic Bat pattern.
It could retrace down to 99500 - 98500, will consider 100750 as stop loss for this set up.
Do keep in mind, GOLD overall is very strong and this could likely be a shallow retracement.
Regards
Nifty Energy Index - Bearish BatNifty Energy Index - Bearish Bat formed Bearish Bat Harmonic Pattern. Sell range, Stop loss and target details are mentioned.
Note: This chart is only for educational purpose. Not suggesting any trade. Please do your own financial assessment before taking trade.
I am not a certified analyst.
MEDPLUS HEALTHHello & welcome to this analysis
From a bullish Harmonic Bat pattern to a bearish Harmonic Alt Bat & bearish Harmonic ABCD in the weekly time frame.
Stock has entered in to potential reversal zone (PRZ) 1010-1050 of a bearish reversal probability.
Also note the 52w high and recent surge in price has come with low volumes.
A daily close below 940 could further pull it down towards 850-775.
Pattern negates if price moves above 1075
All the best
THERMAX - Bullish Bat -Bullish Bat is a harmonic pattern as shown in pink.
-Usually, during the base formation post making a Bullish bat pattern, a lot of big players accumulate which is then followed by a sudden spurt in prices.
- I see a triple bottom being made in an upward trend line suggesting Higher Lows.
- The base length can vary depending on the market scenarios. Patience is required in this kind of bamboo shoot stories.
- Here the base pattern suggests a symmetrical triangle is being formed. Too early to claim but so far looks like one. Hoping for a supersonic breakout from a symmetrical triangle pattern and a harmonic pattern.
IDFC First BankIDFC First Bank Trade Setup - Key Levels to Watch! 📊🚀
Stock: IDFC First Bank Ltd (NSE)
Timeframe: 1D Chart
Current Price: ₹58.39
Entry Level: ₹56.45 - ₹57.18
Stoploss: Below trendline break
Again Entry 51 Around.. 3 to% Stoploss
🎯 Bullish Targets:
✅ ₹66.23 (Breaking Range)
✅ ₹75.16
✅ ₹86.30 (Final Target)
🔻 Bearish Breakdown Levels:
⚠ Trendline breakdown → Next major support at ₹51
Kernex Microsys (KERNEX) Short term (6 to 12month) HoldingSL Weekly candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Kernex Microsys (KERNEX) 3 month HoldingSL day candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Gold Next move SL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Gold Next move SL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Silver Next MoveSL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Bharat Forge Ltd: Analyzing Investment Potential Technical Analysis: BAT Pattern and Support Levels
Bharat Forge Ltd has formed a BAT pattern in its stock chart and is currently trading with a 34% decline from its recent highs. The stock is finding significant support around the ₹1100 level, which may present a strategic entry point for long-term investors.
Fundamental Performance Overview
Revenue Trends: For the fiscal year 2023-2024, Bharat Forge reported a 10.54% decline in revenue, reflecting challenges in the automotive and industrial sectors due to fluctuating demand and supply chain disruptions.
Net Profit: The company experienced a net profit of approximately ₹1,200 crore, which indicates a decrease compared to previous periods, primarily due to increased operational costs and competitive pressures.
Price-to-Earnings (P/E) Ratio: The current P/E ratio stands at approximately 60.33, which is significantly higher than the sector average of 42.07, suggesting that the stock may be overvalued based on earnings potential.
Debt Levels: Bharat Forge maintains a debt-to-equity ratio of 1.05, indicating a moderate level of debt relative to equity, which could pose some risk but also allows for growth opportunities.
Return on Equity (ROE): The company reported an ROE of 13.26%, reflecting its ability to generate profits effectively from shareholders' equity, outperforming its five-year average.
Linde India Ltd: Analyzing Investment Potential Amidst Recent DeTechnical Analysis: BAT Pattern and Support Levels
Linde India Ltd has formed a BAT pattern in its stock chart, experiencing a 40% decline from its recent highs. The stock is currently positioned with an entry point around ₹5930, while a significant support zone exists at approximately ₹5200, coinciding with a three-year long-term trendline.
Fundamental Performance Overview
Revenue Trends: Linde India reported a 12.16% decline in sales, marking its first revenue contraction in three years. This downturn reflects the challenges faced in the industrial gases sector amid fluctuating demand and pricing pressures.
Net Profit: The company's net profit for the last two quarters has shown a consistent decrease, with figures dropping from ₹120.07 crore to ₹105.41 crore, averaging a decline of 12.2% per quarter.
Price-to-Earnings (P/E) Ratio: The current P/E ratio is significantly high at 116.68, compared to the sector average of 118.28, suggesting that the stock may be overvalued based on its earnings.
Debt Levels: Linde India has maintained a zero debt status for the past five years, demonstrating strong financial health and stability without reliance on external borrowing.
Return on Equity (ROE): The company reported an ROE of 12.91%, indicating effective management of shareholder equity to generate profits.
Dividend Yield: Linde India offers a modest dividend yield of 0.20%, providing some returns to shareholders despite the current market volatility.
Market Capitalization: As of January 2025, Linde India's market cap stands at approximately ₹50,648 crore, reflecting its position as a significant player in the industrial gases sector.