Weekly Breakout - Feb 1st Week / Best Stock To Watch Now ⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Breakout!
SYRMA: Potential for 15-20% GrowthThe chart provides delineates critical price thresholds that signify breakout points, along with specific support levels that serve as indicators of where buying interest may manifest.
Additionally, the chart highlights regions likely to act as ceiling points for future price ascensions, allowing for informed decisions on entry and exit strategies.
Disclaimer: The information contained in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Investors are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
Genesys Trying to breakout from ConsolidationStock: Genesys Intl Corp Ltd (GENESYS)
Entry: ₹1,055.35 (after a closing above this level for confirmation)
Stop Loss: ₹919.70 (on a closing basis)
Target: ₹1,230.85
Setup Overview:
Pattern: Trying to Breakout from a consolidation zone.
Volume: Moderate, confirming a breakout attempt, but needs more conviction.
Key Levels:
Entry after a confirmed close above ₹1,055.35 for safe traders.
Target: ₹1,230.85
Risk Considerations:
Trading against the broader trend; breakout setups in such cases have a higher failure probability.
Manage risk with appropriate position sizing.
Trade light to mitigate potential losses.
Let's talk about Patience !!This stock on the chart just looks flawless but in reality, it is a stock that will test your patience to at least get 50% returns. Price action wise it shows a very promising setup, in 2021 coming out of a 10 year consolidation and again consolidating for over 3.5 years. It has 50 MA support on monthly and currently looks good for a good returns.
CMP: 9.50
Target 1: 15
Target 2: 20+
Time frame: 0-2 years
Disclaimer: Trade at your own risk
Mahanagar Gas Limited: A Breakout OpportunityThe stock is in a solid consolidation phase, forming a bullish pattern of higher highs and higher lows. Patience is key, so I'm playing it smart by waiting for a decisive breakout above ₹1339 on a closed candle. Once confirmed, I'll buy above that high for a strong entry point.
📊 Technical Insight:
RSI is showing strength, hinting at momentum building up. Fingers crossed that we get a smooth breakout without an overly sharp spike!
💼 Fundamentals Check:
With robust financials and a leading position in the gas distribution sector, Mahanagar Gas is a powerhouse in the energy space. Strong market fundamentals and positive technical signals make it one to watch closely!
Let’s see if this one fuels up for a big move!
Bajaj Finance on the Move!The stock had been consolidating for quite some time, forming an ascending triangle within the pattern. I've marked a critical resistance zone, and a weekly close above this level could indicate a breakout signal. The move has already begun—let’s see how it unfolds! 🚀
Given Bajaj Finance’s strong fundamentals and robust business model, it's definitely a stock worth keeping an eye on. Fun fact: Did you know Bajaj Finance is one of the largest and most trusted NBFCs in India with a diversified lending portfolio across retail, SME, and commercial segments? 🔍
Are you tracking this potential breakout too? Share your views below! 📊
Bajaj Finance - Rock Steady and SafeA long multi year consolidation is coming to an end. In turbulent times in the market it is always a good move to fall back on the very safe bets for long term.
Fundamentally:
- Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 17.23%
- Healthy long term growth as Operating profit has grown by an annual rate of 22.46%
- The company has declared Positive results for the last 13 consecutive quarters
- PBDIT(Q) Highest at Rs 11,752.25 cr.
- PBT LESS OI(Q) Highest at Rs 5,396.34 cr.
- PAT(Q) Highest at Rs 3,999.73 cr.3
- High Institutional Holdings at 35.96%
With its market cap of Rs 4,71,254 cr, it is the second biggest company in the sector (behind Life Insurance) and constitutes 10.77% of the entire sector. Its annual Sales of Rs 62,278.71 are 2.83% of the industry
Top 4 Swing Trading Ideas for Jan 30, 2025!🚀Top 4 Swing Trading Ideas for Jan 30, 2025! 🚀
📢 Disclaimer: The 4 stocks discussed here are for educational purposes only. 📚💡
✅ First, learn how to trade, then focus on earning! 💰📈
💬 Got a stock in mind? Drop a comment, and I'll reply! 🔍📊
#LearnBeforeYouEarn #StockMarket
Deepak Fertilizers - Cup and Handle ContinuationAs you all can see there is a beautiful cup followed by a handle on the Weekly timeframe.
After the pattern broke out, the stock managed the market sell off pretty well by retesting its previous supply zone (now demand zone) and maintained the sideways trend without spoiling the pattern.
This sudden surge implies that the stock is ready to continue its uptrend.
Talking about fundamentals:
- High Management Efficiency with a high ROCE of 17.10%
- The company has a high Debt to EBITDA ratio of 1.88 times
- Healthy long term growth as Operating profit has grown by an annual rate 40.09%
- Positive results in Dec 24
- OPERATING PROFIT TO INTEREST(Q) Highest at 4.94 times
- NET SALES(HY) At Rs 5,325.74 cr has Grown at 24.53 %
- DEBT-EQUITY RATIO(HY) Lowest at 0.67 times
- With ROCE of 14.4, it has a Fair valuation with a 1.9 Enterprise value to Capital Employed
- The stock is trading at a discount compared to its average historical valuations
- Over the past year, while the stock has generated a return of 106.57%, its profits have risen by 0.5%
- High Institutional Holdings at 20.38%. Their stake has increased by 0.7% over the previous quarter.
Apollo Micro-Do not miss this Volume breakout!Apollo Microsystems has given a breakout of consolidation with a strong weekly closing, almost forming a bullish marubozu candle
Stock will look good only when it retest level of 110 and bounces.
Levels mentioned on chart. I will not buy at CMP.
Stock has potential to fly at least towards 200 according to fib extension.
It is too good of breakout to miss. I have hardly seen such a bullish weekly candle recently when Nifty has been slight bearish.
RGL Global Ltd. Base Breakout!Analysis of Renaissance Global Ltd (RGL)
Technical Overview:
Base Breakout: Immediate resistance at ₹217.62.
Safe Traders: Wait for the ₹217–₹218 level to break with high volume and a strong Wide Range Candle (WRC) for confirmation.
Entry Level: ₹205.77.
Stop Loss (SL): ₹179.27 (12.88%).
Target 1 (T1): ₹251.60 (+22.28%).
Target 2 (T2): ₹297.10 (+44.45%).
Risk-Reward (R:R): 1:1.73 for T1, 1:3.45 for T2.
Technical Highlights:
Volume: Significant increase, indicating accumulation.
RSI: Gaining strength, showing bullish momentum.
Fundamental Overview:
Market Cap: ₹1939 crore.
P/E Ratio: 26.2 (compare with sector P/E for evaluation).
ROCE: 8.25%, reflecting mediocre efficiency.
Fundamentals aren't highly attractive but technicals suggest good potential.
Key Risks:
Sector Comparison: Evaluate P/E and ROCE against industry peers.
Breakout Strength: Ensure price sustains above ₹217–₹218 with robust volume for safer entry.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Trade based on your risk tolerance.
INDUSTOWER - Support line and Bullish EngulfingThe 324 level, which previously acted as a strong resistance since 2019, is now serving as a solid support, as indicated by the price holding above the orange trendline.
On the daily timeframe, the price has successfully broken out of the triangle pattern. Additionally, the previous week's bullish engulfing candle on the weekly timeframe further supports the bullish bias.
This setup presents a favorable swing trade opportunity, with a target of ₹500 and a stop-loss placed below ₹310 on a weekly closing basis.
#APOLLO - Box Break Out in Daily chart📊 Script: APOLLO
Key highlights: 💡⚡
📈 Box Break Out in Daily chart.
📈 Price gave a good up move
📈 Went into a Side Ways consolidation for over a year
📈 Volume spike seen on BO
📈 MACD Cross Over
📈 One can go for Swing Trade.
BUY ONLY ABOVE 151 DCB
⏱️ C.M.P 📑💰- 150
🟢 Target 🎯🏆 – 64%
⚠️ Stoploss ☠️🚫 – 16%
⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Boost, Like and follow to never miss a new idea! ✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with MMT. Cheers!🥂
Stocks in Focus: Biocon, Bharat Dynamics & Apollo Micro Systems1. Biocon NSE:BIOCON
● The stock reached a peak of ₹483 in December 2020, then experienced a downturn, entered a prolonged consolidation phase.
● This phase led to the formation of an Inverted Head & Shoulder pattern.
● Following a recent breakout, the stock is now poised for upward movement.
2. Bharat Dynamics NSE:BDL
● After hitting an all-time high around ₹1,795, the stock saw a decline of nearly 50% and eventually found support at ₹890.
● From this point, the price rebounded and recently surpassed its trendline resistance, setting the stage for substantial future gains.
3. Apollo Micro Systems NSE:APOLLO
● The stock underwent significant consolidation after marking an all-time high near ₹161.
● With a fresh breakout, the price is now set to exceed its past high and make new highs.