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Breakout!

Indian Hotels - Breakout Setup, Move is ON...#INDHOTEL trading above Resistance of 651 Next Resistance is at 824 Support is at 509 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:INDHOTELLong
by MandeepSinghKohli
POWERGRID may fall due to double top formationDOUBLE TOP FORMATION : powergrid has formed a perfect double top pattern on weekly timeframe and seemed to be positioned for further fall. Although it had shooted up suddenly 2 weeks back due to the uncertainty which bubbled up surrounding maharashtra election which affected whole stock market. But after the release of the election results it has started going down again BEARISH DIVERGENCE : Apartfrom double top it has also formed strong bearish divergence pattern on the chart with 2 divergent peaks having formed on 4th mar & 29th july respectively indicating strong bearish momentum for powergrid BEARISH MACD : macd indicator has also become extremely bearish with macd line hovering below signal line by large margin indicating bearish potential PROFIT TARGET : The stock will fall till 299 level which is 22 points away from the current level
NSE:POWERGRIDShort
by peace_lover
1
Breakout Blitz: 3 Stocks to Supercharge Your Portfolio◉ Affle (India) NSE:AFFLE ● In the midst of an upward trend, the stock previously formed a Rounding Bottom pattern, and after a breakout, the price experienced a significant surge. ● However, around the 1,715 level, the stock encountered substantial resistance, leading to a decline followed by a period of consolidation. ● Recently, another Rounding Bottom pattern has been developed, and with a recent breakthrough, the stock is now trading at an all-time high, with expectations for continued growth. ◉ KFin Technologies NSE:KFINTECH ● The stock price is evidently trending upward, characterized by a succession of higher highs and higher lows. ● After effectively breaking out of the Rounding Bottom pattern, the stock saw a significant increase, approaching its previous all-time high around the 1,190 level. ● However, it encountered substantial resistance at that point, leading to a pullback and a subsequent consolidation phase. ● Now, following a recent breakout, the stock has positioned itself above the breakout zone and is ready for a potential upward rally. ◉ EID Parry NSE:EIDPARRY ● After a period of consolidation, the stock price has developed an Inverted Head & Shoulders pattern. ● Following the breakout, the price initially climbed sharply but soon entered a significant consolidation phase, resulting in the formation of a Broadening pattern. ● Currently, the stock has achieved a breakthrough and is set to enjoy additional gains.
NSE:AFFLELong
by GoodluckCapital
Eid Parry - Breaking 5 Months Consolidation Phase It has diversified business including sugar which have demand because of ethanol .And Other include nutraceuticals and bio-pesticides. We have seen massive rise in OPM in recent quarterly results. FIIs as well as DIIs haven't reduce their holding in September quarter. Technical Setup :- Trying to break its 5 Month consolidation phase if closing above 880 Levels. - RSI being at 57.37 suggesting positive momentum. Disclaimer: The information provided in this analysis is for educational and informational purposes only and should not be considered as financial advice. I am not a SEBI-registered analyst or financial advisor. The views expressed here are my own and are based on my understanding and interpretation of the market. Please conduct your own research or consult with a qualified financial advisor before making any investment decisions. Investing in the stock market involves risks, and past performance is not indicative of future results.
NSE:EIDPARRYLong
by SiddhantM45
PENIND~~DIWALI PICK >READY FOR STRONG BREAKOUT ?NSE:PENIND PENIND (PENNER INDUSTRIES LTD) DIWALI PICK 2024 CMP 207 Buy on Dips till 150 For Targets🎯222 / 238 / 259 / 285 / 299++ Positional Targets🎯 318 / 336 / 255 / 381 / 395++ Best Wishes of Diwali !! Regards, Harm⭕nics4Life 20/10/2024 =============================================== Technical Setup 1) Rounding Bottom on charts 2) Inverse Head and Shoulder Pattern in formation 3) Placed Strong above 190 levels (Crucial Breakout Zone) 4) At chep valuations 5) Volume addition =============================================== Breakout Chart Positional Chart
NSE:PENIND
by Harmonics4Life
Amazing breakout on Weekly Timeframe - CUBCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. Checkout an amazing breakout happened in the stock in Weekly timeframe. Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run. Time makes money, GREEDY & EGO will not make money. Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts. The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play. LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
NSE:CUBLong
by Yoyohoneysingh93
W Pattern Neckline & Falling Trendline Breakout seen in HavellsHello Everyone, i hope you all will be doing good in your trading and your life as well. Today i have brought a stock which has taken perfectly support at upward support trendline and formed a double bottom (W) pattern and also given a faliing resistance trendline breakout on daily timeframe price is still above to neckline and falling resistance trendline. Stock is giving good discounted entry price at these levels. Stock is down almost 17% from all time high., stock name is Havells India Limited and it is a leading Fast Moving Electrical Goods (FMEG) Company and a major power distribution equipment manufacturer with a strong global presence. It enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Fans, Modular Switches, Home Appliances, Air Conditioners, Electric Water Heaters, Power Capacitors, Luminaires for Domestic, Commercial and Industrial Applicationsand. Company is almost debt free. Company has been maintaining a healthy dividend payout of 42.5%. Company's working capital requirements have reduced from 16.7 days to 12.6 days. Stock is good for short term to long term, Company is consistent profit maker every year it is posting exponantial growth on profits. Market Share The company has a market share of 10-15% for products like modular switches, SDA, Lighting, cables, and ACs and a 15-20% market share in the water heaters, MCBs, fans, and wires business. Fundamental Analysis P/E ratio is 76.3379 which is lower than it's Industry P/E 76.34 Interest Coverage ratio is 21.28 Stock has given a return of 30.9% in last 52 Weeks ROCE is 25.46% ROCE 25.46% has increased as compared to last year's ROCE 23.07% ROE is 18.07% ROE 25.46% has increased as compared to last year's ROE 23.07% Operating Profit Margin (EBITDA Margin) is 10.12% Operating Profit Margin (EBITDA Margin) 10.12% has improved as compared to last year's OPM 9.58% Net Profit Margin (PAT Margin) 6.84% has improved as compared to last year's NPM 6.34% Free Cash Flow yield is 1.32% Free Cash Flow yield 1.32% has improved as compared to 5 Yrs avg FCF yield 1.19% Cash Conversion Days 10.39 has improved as compared to 5 Yrs avg Cash Conversion Days 11.24 Annual Profit has grown over by 18.56% 3 Years Sales CAGR is 25.34% 3 Years Profit CAGR is 20.03% Quarterly Sales has grown over by 16.38% YoY DII have increased their stakes by 0.39% in the latest quarter (8.28% to 8.67%) Promoters + FIIs + DIIs hold 92.84% in the company Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
NSE:HAVELLSLong
by TraderRahulPal