IRCTC by KRS Charts11 Nov 2024 / 11:11 AM
Why IRCTC ❓❓
1. Fundamentally Good Company. 💪
2. Technically, it was already Entered in Golden Reversal Zone. 🔅
3. Along With that inside that zone now Bulls Counter- Attack is visible ✅ which is formed at the bottom of the Trend for Reversal.
4. At recent Bottom Positive Order Block has formed and showing Bullish Traits from that level.
5. With Bull C. A. green candle RSI is showing Bullish Reversal Divergence.
Targets & SL is in Chart
Breakout
INDHOTEL & PAGEIND Shock Dalal Street with Q2 Gains, Stocks SoarThe Indian Hotels
◉ Key Financial Metrics
● Net Profit: IHCL's consolidated net profit soared by 232% year-on-year to ₹554.6 crore, up from ₹167 crore in the same quarter last year.
● Revenue: The company achieved a revenue increase of 27.4%, reaching ₹1,826 crore, compared to ₹1,433 crore a year ago.
● EBITDA: Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 40% to ₹565 crore, with an EBITDA margin of 29.9%.
◉ Operational Highlights
● IHCL's hotel segment revenue grew by 16%, supported by a strong occupancy rate of 75% in its international portfolio.
● The company signed 42 new hotels, expanding its portfolio to 350 properties globally.
◉ Technical Standings
● The stock has broken through its previous resistance and is nearing the upper boundary of its ascending channel.
● A breakout above this level could fuel further gains.
Page Industries
◉ Key Financial Metrics
● Net Profit: Increased by 30% to ₹195.25 crore, up from ₹150.27 crore in the same quarter last year.
● Revenue: Rose by 11.06% to ₹1,246.27 crore, compared to ₹1,122.11 crore a year ago, supported by a 6.7% increase in sales volume (55.2 million pieces sold).
● EBITDA: Grew by 22.1% to ₹281.5 crore, reflecting improved operational efficiency and stable input costs.
◉ Strategic Outlook
● The company is focused on digital transformation and e-commerce initiatives, maintaining its margin guidance for FY25 at 19-21%, which underscores its commitment to sustained profitability.
◉ Technical Standings
● The stock's uptrend remains intact, with higher highs and lows.
● Recent breakout, accompanied by strong volume, suggests the rally will continue.
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
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