Shift from Downtrend to Sideways – Will It Hold or Reverse?Looks like NIFTY and Bank Nifty have entered a sideways zone,
Nifty Range
Upper / Resistance : 24500
Lower / Support : 23900-23800
Bank Nifty Range
Upper / Resistance : 52350
Lower / Support : 51150
#Nifty #BankNifty #Sideways #Patterns #Trend #change
Breakout!
Pudumjee Paper Products Limited - Breakout Setup, Move is ON...#PDMJEPAPER trading above Resistance of 129
Next Resistance is at 178
Support is at 85
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.
Welspun Corp - Breakout Setup, Move is ON...#WELCORP trading above Resistance of 750
Next Resistance is at 916
Support is at 614
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.
Jagsonpal Pharmaceuticals Ltd - Breakout Setup, Move is ON...#JAGSNPHARM trading above Resistance of 506
Next Resistance is at 706
Support is at 439
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.
Chaman Lal Setia Exports Ltd - Breakout Setup, Move is ON...#CLSEL trading above Resistance of 343
Next Resistance is at 386
Support is at 271
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.
Chaman Lal Setia Exports Ltd - Breakout Setup, Move is ON...#CLSEL trading above Resistance of 271
Next Resistance is at 343
Support is at 199
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.
Welspun Corp - Breakout Setup, Move is ON...#WELCORP trading above Resistance of 614
Next Resistance is at 750
Support is at 513
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.
Target 1 achieved in JAGSNPHARM. Gain of 67% Target 2 is ON.This is follow-up on Jagsonpal Pharmaceuticals. Can check link to related ideas.
Target 1 achieved. Gain of more than 67%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
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.
Will Paytm rise to the past glory?After hitting a rock bottom the stock started reversing and is in an uptrend ever since. Watch for long opportunities.
This is a medium-term long-term bet. SL is very deep. So do not bet big, can try pyramiding in this counter trailing your SL.
🟢In an uptrend after hitting rock bottom.
🟢Broke a potential barrier.
🟢Trading above key DMAs
🔴Uncertanity in fundamentals.
🔴Bearish sentiments in the market.
Shakti Pump aiming for a base breakout.#positionalidea #shaktipump:
Looks good positionally if it breaks out of the base. Watch for base/Darvas box breakout for long opportunity.
🟢Trading above 50 DMA
🟢Good Relative Strength
🟢Good ROCE, ROE
🔴Circuit stock. Tends to hit UC/LC.
🔴Volume Needs improvement.
This is just a view and not a recommendation. Trade at your discretion.
➡️Market Cap---₹ 9,757 Cr.
➡️Current Price---₹ 4,870
➡️Stock P/E---29.7
➡️ROCE---31.4 %
➡️ROE---24.2 %
Ice make aiming for a fresh breakout. Ice make just broke out of a base and looking to breakout of 52weeks high.
Watch for a breakout above 962.
✅Trading Above 50 DMA
✅Trading right below 52 Weeks high, with good candle and volumes picking up.
❗️Market yet to give a clear direction.
❗️Risk of Fake outs high if market is not stable.
▶️Market Cap---₹ 1,428 Cr.
▶️Current Price---₹ 905
▶️Stock P/E---58.5
▶️ROCE---34.3 %
▶️ROE---28.2 %
PARADEEP PHOSPHATS by KRS Charts5th Nov 2024 / 10:12 AM
Why PARADEEP ❓❓
1. Strong Fundamentals in its segment, Technically Higher Highs and Higher Lows are visible. ✅
2. Was Surviving in a Range now Breakout it.
3. AVG/ Better ENTRY if gets will be 98 to 96 Rs.
4. SL is little further down due to previous Gap up in Smaller TF can fill if come down.
Target 134 Rs.
SL will be 84 Rs.
SHREEPUSHK - Ready for BreakoutHere is my observation for this stock
Double Bottom Pattern:
The chart shows a double bottom formation, a bullish reversal pattern indicating a potential end to the downtrend. This pattern often signals a shift in momentum from sellers to buyers.
Minor Resistance and Major Resistance Areas:
The stock broke above a minor resistance level and is now consolidating near the major resistance area. This resistance area is acting as a supply zone where sellers are currently active, but it also indicates strong interest from buyers as the price consolidates here.
Consolidation Near Major Resistance:
The stock is consolidating just below the major resistance, which is often a bullish sign. This consolidation, shown in the highlighted region, indicates that the stock is absorbing selling pressure and gathering momentum for a potential breakout.
Volume Dry-Up During Consolidation:
There is a noticeable drop in volume during the consolidation phase near resistance, a phenomenon known as a "volume dry-up." This suggests that sellers are losing interest or running out of shares to sell, increasing the chance of a breakout when demand picks up.
Rising Moving Averages:
The shorter-term moving averages are rising, indicating positive momentum. The alignment of moving averages supports a continuation of the uptrend, especially if the stock breaks out above the major resistance.
Trade Setup with Key Levels
Breakout Entry: A conservative entry would be above the major resistance area around 270-275 to confirm the breakout.
Targets:
Target 1: 310 – A short-term target after the breakout, based on nearby resistance.
Target 2: 340 – A medium-term target if momentum continues and buyers remain strong.
Target 3: 380 – For a long-term position, depending on how the trend progresses.
Stop-Loss:
Place a stop-loss below the consolidation range or the minor resistance level, around 240, to protect against a false breakout.
INTL CONVEYORS by KRS Charts8th Oct 2024 / 10:02 AM
Why INTL CONVEYORS ❓
1. Fundamentals are Good despite having Low Stock Price and P/E Ratio is under 10. ⚡
2. Accumulations are visible at bottom side multiple times ❗
3. Golden Zone is satisfying on 1W TF and Now retesting Price on Resistance as well as on Golden Zone 🔅
4. In Feb 2024, Big Green Candle with Strong Volume justified as a Buyers Trap ✅
5.Also, for more Bullish Support, +OB with FVG is also visible as we can see in Chart. 📊
6. Today in 1D Price is at 100 EMA underneath 📌
Target for INTLCONV will be ~124 Rs Short Term and Further will be Revealed Later 👍
Stock is Ready for BreakoutNMDC is near trend line breakout
A trend line formation on down side price correction in stock and now price trying to breakout this trend line
after breakout a good up side movement can be seen in stock
if stock retested that trend line after breakout then that will be a good entry point for fresh trade
Swing Trading Idea :: 02The daily chart forms a cup and handle pattern. The stock has recently made a higher high with volume buildup, a significant technical milestone, This indicates the potential for sustained upward momentum, especially as volume supported the breakout.
The stock could face psychological resistance around INR 2000. If momentum continues and the stock decisively breaks above INR 2000, a further target could be set around historical levels.
For a stop-loss level, consider placing it slightly below the retest level.
These levels can be adjusted based on risk tolerance and evolving market conditions.
Disclaimer: The information and publications are not meant to be, and do not constitute financial, investment, trading, or any other types of advice or recommendations.
NMDC has announced bonus share and stock has given breakoutHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought another stock which has given breakout of falling trendline on the news of bonus share announcement. Stock is technically and fundamentally good company. I am expecting 30-35% rally in this. Stock is ready to fly in blue sky. NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power.
A Navratna company
National Mineral Development Corporation (NMDC) was established in the year 1958 as a fully owned government company under the administrative control of the Ministry of steel and is one of the most profitable ones among the Navratna companies.
Forward Integration
NMDC is one of the world’s low-cost Iron ore producers and they have ventured into the steel-making business to benefit from their ability to procure Iron ore at a cheaper price. The company has procured 2000 Acres of land in Chattisgarh to set up a steel plant with a manufacturing capacity of 3 MTPA and the facility will be the largest Blast furnace in India with a capacity of 4506 Cum.
Market Cap
₹ 68,796 Cr.
Current Price
₹ 235
High / Low
₹ 286 / 160
Stock P/E
11.2
Book Value
₹ 87.5
Dividend Yield
3.11 %
ROCE
30.9 %
ROE
23.9 %
Face Value
₹ 1.00
Industry PE
20.7
Debt
₹ 3,359 Cr.
EPS
₹ 20.1
Promoter holding
60.8 %
Intrinsic Value
₹ 470
Pledged percentage
0.00 %
EVEBITDA
6.58
Change in Prom Hold
0.00 %
Profit Var 5Yrs
4.67 %
Sales growth 5Years
11.9 %
Return over 5years
22.2 %
Debt to equity
0.13
Net profit
₹ 5,887 Cr.
ROE 5Yr
24.0 %
Profit growth
23.1 %
Earnings yield
15.2 %
PEG Ratio
2.39
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.
NMDC by KRS Charts 24th September 2024 / 10:30 AM
Why NMDC ❓
1. Today Gap-up and Strong Green candle with Good Volume and with Higher Low.
2. In 1M, it's a retest for Accumulation on resistance it broke before.
3. Conclusion in series for Easy Understanding,
⚡ First Accumulations > Breakout > Retest > HL > Today's Breakout ⚡
Targets are in the Charts many more Upside but after current Targets achieved 👍
SL is 190 Rs.