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Breakout

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.
NSE:NMDCLong
by TraderRahulPal
4
STEELCAS - Strong Base Breakout on Weekly ChartThe stock was in a long, 52-week consolidation phase before breaking out. 9-Week Small Base Formation: Before the breakout, the stock formed a 9-week "small base" near the top of the consolidation range. This pattern shows a tightening of price action, where volatility decreases and the stock consolidates in a smaller range. This formation often acts as a springboard, where price gathers momentum to break out above resistance. The small base also suggests reduced selling pressure and growing buying interest. 2x Average Volume on Daily Chart: The daily chart shows an increased volume on last day, with trading volume reaching twice the average on the day of the breakout. High volume on breakout days confirms that institutional buyers are likely entering, adding strength to the breakout move. Rising EMAs Indicating Strength: The rising Exponential Moving Averages (EMAs) confirm the underlying bullish trend. The shorter-term 20-week EMA, in particular, is sloping upwards, suggesting ongoing strength and upward momentum. Trade Setup with Key Levels Entry Point: The ideal entry would be near the breakout level of 830-850, confirming the breakout above resistance with strong volume. Targets: Target 1: 910 – A reasonable target near the next resistance. Target 2: 1,020 – Provides further gains if the bullish trend continues. Target 3: 1,150 – For a long-term position if momentum sustains. Stop-Loss: Set a stop-loss around 735, below the consolidation range, to manage risk in case of a false breakout.
NSE:STEELCASLong
by Profit_Trader25
Will Bitcoin History Repeat after US Election ?#Bitcoin and US Elections: History Repeats? Looking back at the last two US elections, we’ve seen a strong Bitcoin bull market follow each one. Let’s take a look: 📅 2016 US Election (November): ➡️ Before the election, BTC was at $700 ➡️ Within a year, BTC soared to $19,900 📅 2020 US Election (November): ➡️Pre-election price: $13,600 ➡️ Just a year later, BTC hit an all-time high of $69,000! Now, with the US election tomorrow, is this another CRYPTOCAP:BTC buying opportunity based on past trends? 🔮 My Prediction: By next year, November 2025, #BTC could reach $150,000 - $180,000. Let’s see if history repeats! #Crypto #BullMarket
BITFINEX:BTCUSDLong
by CryptoPatel
Gillette India Limited - Breakout Setup, Move is ON...#GILLETTE trading above Resistance of 9802 Next Resistance is at 11182 Support is at 8140 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:GILLETTELong
by MandeepSinghKohli
Ajmera Realty & Infra India Limited - Breakout Setup, Move is ON#AJMERA trading above Resistance of 872 Next Resistance is at 1184 Support is at 559 Here are previous chart: 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:AJMERALong
by MandeepSinghKohli
4
Poly Medicure Limited - Breakout Setup, Move is ON...#POLYMED trading above Resistance of 2931 Next Resistance is at 4071 Support is at 2206 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:POLYMEDLong
by MandeepSinghKohli
Gillette India Limited - Breakout Setup, Move is ON...#GILLETTE trading above Resistance of 8140 Next Resistance is at 9802 Support is at 7186 Here is previous chart: 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:GILLETTELong
by MandeepSinghKohli
Ajmera Realty & Infra India Limited - Long Setup, Move is ON...#AJMERA trading above Resistance of 559 Next Resistance is at 872 Support is at 365 Here is previous chart: 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:AJMERALong
by MandeepSinghKohli
Poly Medicure Limited - Breakout Setup, Move is ON...#POLYMED trading above Resistance of 2339 Next Resistance is at 2931 Support is at 1782 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:POLYMEDLong
by MandeepSinghKohli
Breakout From Tight Consolidation Range With VolumesNSE:PPLPHARMA today broke from the Narrow Consolidation Phase. After the previous Breakout in the consolidation phase, letting the 50 EMA Catch up, There Was continuous accumulation, as you can see from the volume intensity in the range. Today, on the back of magnificent Q2 FY 24-25 results, The Stock has blasted to a new All-Time High. View: Although the Stock is Overvalued at 588 P/E. Investors Should do Stock SIP or Buy on DIPS and Traders Should Wait for a Retracement to 50 EMA or a Good Consolidation Going Forward. NSE:PPLPHARMA is part of the Piramal group of companies. The company operates through 3 major segments. 1) Contract development and manufacturing organisations (CDMO) 2) Complex hospital generics (critical care) 3) Consumer Healthcare, Over-the-Counter (OTC) NSE:PPLPHARMA entered the Pharma space in 1988 with the acquisition of Nicholas Laboratories and grew through a series of Mergers & Acquisitions and various organic initiatives. In 2010 the Domestic formulations business was sold to About $3.7 billion and Diagnostic Services were sold to Super Religare Laboratories (SRL). 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:PPLPHARMALong
by Karanshah137
TTL Breakout with a good upside potentialHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Formation of Rectangular box Pattern in Daily TF. * From Feb 2024 to Oct 2024 its in range. * From Feb 2024 to Oct 2024 Tested & Moving Resistance Many times. * It's Break resistance Zone and trying to Sustain Above Resistance Zone with good volume good closing required. * Volume Accumulation (Volume is Rising). What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:TTLLong
by ChartSight
1
A good long term pick !? - Jyoti Structures Ltd NSE:JYOTISTRUC Here's an analysis of Jyoti Structures Ltd. based on recent fundamental and technical insights: ### Fundamental Analysis: Jyoti Structures Ltd. operates in the capital goods sector, with a focus on electrical equipment for power transmission and distribution. The company’s revenue for the trailing twelve months (TTM) is around INR 31.7 crore, while its net profit for the same period stands negative, reflecting ongoing challenges in profitability Key financial indicators include: - PE Ratio: Around 87.3, suggesting an overvalued stock relative to its earnings, which may imply speculative interest or limited profitability. - Book Value: A low price-to-book value ratio of approximately 0.3, often indicating potential undervaluation in the market but also low asset strength. - Debt: High leverage with total loans reaching INR 1,916 crore, which may indicate liquidity risks. The company has struggled with negative operating and net profit margins (OPM and NPM), though recent quarters show slight improvements in revenue. However, profit margins remain low, partly due to high debt and restructuring phases ### Technical Analysis: Technically, Jyoti Structures has shown signs of volatility. Key indicators from recent trading suggest: - Moving Averages: The stock has shown bullish signs in the short term, crossing certain moving averages, which may signal upward momentum. - Relative Strength Index (RSI): RSI oscillates near neutral, suggesting neither overbought nor oversold conditions. - Momentum and Trend: Some indicators like the MACD suggest potential for further gains if market sentiment continues to favor the stock, although this momentum could be short-lived if fundamental pressures persist In conclusion, Jyoti Structures Ltd. presents a mixed picture. While there is some short-term trading momentum, fundamental challenges such as high debt and low profitability weigh heavily. For long-term investors, caution may be advised due to these financial risks, whereas traders might find opportunities in its price volatility.
NSE:JYOTISTRUCLong
by thetradeforecast
1
Cigniti Technologies Ltd - Breakout Setup, Move is ON...#CIGNITITEC trading above Resistance of 1487 Next Resistance is at 1820 Support is at 1319 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.
Editors' picks
NSE:CIGNITITECLong
by MandeepSinghKohli
1
Cigniti Technologies Ltd - Long Setup, Move is ON...#CIGNITITEC trading above Resistance of 1119 Next Resistance is at 1487 Support is at 751 Here is previous chart: 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:CIGNITITECLong
by MandeepSinghKohli
Wochardt Ltd, classic Cup & handle break out (Long target ₹1500)Hello trader, Wockhardt Pharma is showing a promising technical setup with a classic cup and handle pattern breakout, supported by a significant volume spike . This pattern often signals the continuation of an uptrend, suggesting strong buying interest. Additionally, the RSI (Relative Strength Index) is above 60, indicating sustained strength and bullish momentum in the stock. These factors combined make wockhardt Pharma an attractive momentum play for traders, with the potential for continued gains if the breakout holds and volume persists. Note: This opinion is only for educational purpose, before trade please do your own analysis
NSE:WOCKPHARMALong
by Started_profitable
2
NUVOCO VISTA CORP by KRS Charts18th October 2024 / 11:20 AM Why NUVOCO ❓ 1. Although Stock was in Down trend, Recent Dow Theory is in Favour as we can see in Chart. 2. Breakout and Retest and most importantly sustaining the level with new HL. 3. Once fake Buy side Entry with Huge volume is spotted ❗ 4. MACD positive crossover and RSI is near 60 All the Bullish Traits will confirming bullish movement is expected soon with breakout ‼️ Target 484 Rs with SL of 320 Rs.
NSE:NUVOCOLong
by KRSCharts