BSE Possible Cup and Handle aheadNSE:BSE Possible Cup and Handle ahead a Close above 4990 to 5000 Will Confirm it.
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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.
Bseindia
TIGER LOGISTICS INDIA LTDUndervalued Stock of the Day
Today's pick for a super undervalued stock is:
1.Tiger Logistics India Ltd.
This stock is showing strong potential from a valuation perspective.
If you're interested in undervalued opportunities, this might be one to keep on your radar!
Feel free to share any thoughts or feedback if you're tracking this one.
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.
ongc stock is at the end of accumulationg zonehello ongc stock has been last few days consolidation the stock has been accumulated
and now the stock is at the end of the accumulation stage. The price will move higher in the upcoming days
do your own analysis don't enter blindly, and follow the risk management.
Mishtann Foods - Falling Wedge Breakout - Ascending ChannelMishtann Foods has recently broken out of a Falling Wedge pattern on Daily Timeframe, as shown in the Chart.
The stock has also been moving in an Ascending Channel on Weekly timeframe and has recently taken support at the bottom of the channel and bounced from there.
Support at the bottom of the Channel has been tested 3 times, as shown in the image.
Looking good to me. What are your thoughts?
Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
Gujarat Containers - Week - Breakout from Symmetrical Triangle?Analyzed the weekly chart of Gujarat Containers Ltd. (BSE: 523108), which is showing a promising breakout from a symmetrical triangle pattern.
As you can see, the price has broken out of the Trendline recently and has performed a retest as well.
Bullish Divergence on Daily:
Recently a Divergence was also observed on the Daily Chart where the Price made a Lower Low while the RSI made a Higher Low.
The RSI has been on an upward trajectory since.
This setup looks quite promising for a continued upward move. What do you guys think?
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
Everest Organics - Monthly - Ascending Channel - Bullish - LongEVEREST ORGANICS LTD. is exhibiting strong bullish signals on the monthly chart. Here is a detailed analysis of the key technical indicators and potential future movements:
Ascending Channel:
The stock has been trading within a well-defined ascending channel since early 2016.
Support: The lower channel line has provided consistent support, marked by multiple bounces.
Resistance: The upper channel line acts as resistance, tested multiple times.
Recent Price Action:
The stock recently bounced off the lower channel support around 120 INR and is showing signs of upward movement.
This bounce indicates a potential continuation towards the mid-channel and upper-channel resistance levels.
RSI Analysis:
The Relative Strength Index (RSI) is currently at 57.59, indicating bullish momentum.
The RSI has been trending upwards, suggesting increasing buying pressure and potential for further gains.
Disclosure: Invested at 149
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
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SENSEX presents a strong upward chart trend right nowThe current chart analysis for SENSEX presents a robust picture. There are no signs of a significant drop-off at this moment. However, in the event of a downturn, the next support zones are projected to be at 75074 and 74249. And major support zone is 72199. These figures could serve as critical benchmarks in case of a market correction. It's always important to monitor market trends and adjust investment strategies accordingly. Please note that this is a general analysis and individual investment decisions should be made based on personal financial situations and risk tolerance.
BSE: bullish Flag breakout on daily chartHi,
NSE:BSE has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily, weekly and monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario I am expecting that the bullish momentum will continue.
Complete price projection like entry, stoploss and targets mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
City Union Bank available for purchase.I decided to invest in City Union Bank as it appears to be within a good buying range.
Disclosure : I am not SEBI registered. The information provided here is for education purposes
only. I will not be responsible for any of your profit/loss with this suggestions. Consult your financial advisor before taking any decisions
BSE: Buy Asia's Oldest Exchange for Multibagger return !!!NSE:BSE is one of the oldest stock exchanges in the world is surely a value pick at current levels.
Elliott wave is a simple yet powerful technique to form a good trading setup!
It is important to understand this concept properly before trading or investing. If applied prudently with proper understanding it is very much possible to take investment or trading decisions right from the smallest time frame for Intraday trading to long-term charts for investment decisions.
BSE is trading at the fresh record high. Stock is moving up by following classic Elliott wave theory. Currently Primary wave 5 is ongoing on the upside. As per guidelines wave 5 target is equal to wave 1.
So, Investors can continue to Accumulate at current levels and on dips for a move towards 10/20k marks by 2026/2027
Also the intrinsic value of investments along with its future plans makes it an exciting stock.
Considering the investments it has, the core business is available at a cheap price
suggesting the current market cap is less than the investments/cash it has in the books.
BSE Flag Pattern Breakout - Bullish Momentum AheadThe BSE has shown a promising flag pattern breakout, indicating potential bullish momentum in the near term. Sustaining above the key level of 2890, the index is poised for further upward movement, with a target around 3400. Let's delve deeper into the technical analysis to understand the potential trajectory.
Technical Analysis:
Flag Pattern Breakout: The BSE index has formed a flag pattern, characterized by a sharp upward move (flagpole) followed by a consolidation phase (flag). This pattern often signifies a continuation of the previous trend, in this case, bullish.
Key Resistance Level: The breakout occurred above the crucial resistance level of 2890. This level now acts as a support, validating the bullish bias.
Volume Confirmation: The breakout is further supported by increasing trading volumes, indicating strong buying interest and participation.
Moving Averages: The shorter-term moving averages (such as the 20-day EMA) are crossing above the longer-term ones, signaling a bullish crossover and strengthening the upward momentum.
Trade Idea:
Entry: Consider entering long positions on a confirmed close above 2890.
Stop-loss: Place a stop-loss slightly below the breakout level to mitigate potential downside risks.
Target: Aim for a target around 3400, considering the measured move of the flag pattern and psychological resistance levels.
Risk Management: Always adhere to proper risk management strategies, such as position sizing and trailing stops, to protect capital.
Disclaimer: Trading involves risk, and this analysis is for educational purposes only. It's crucial to conduct thorough research and consider your risk tolerance before making any trading decisions.
Godrej Industries: Seeding Prosperity in Every Chart 📊🌿Asset: Godrej Industries (GODREJIND)
Timeframe: Weekly and Daily
Technical Analysis:
Weekly Timeframe: The price on the weekly timeframe is indicating a bullish trend, highlighting potential upward momentum in the mid to long term.
Daily Timeframe: Similarly, the daily timeframe is showing positive signals, supporting the optimistic outlook for GODREJIND.
50 EMA (Exponential Moving Average): The 50 EMA is demonstrating strength, signaling a readiness for an upward movement.
Trade Rationale:
The technical analysis on both weekly and daily timeframes aligns with a bullish sentiment.
Consideration of the sector's strength and market cap adds confidence to the trade, expecting favorable market conditions for GODREJIND.
GODREJIND is currently in a demand zone, providing additional support for a potential upward movement.
The 50 EMA acts as a supportive indicator, indicating potential strength for an upward trajectory.
Trade Parameters:
Entry Point: Within GODREJIND's demand zone.
Stop-Loss: Set at a level that respects the demand zone and ensures effective risk management.
Take-Profit: Targeting a conservative upward movement of 20% to 50%.
Exit Strategy:
Consider exiting the trade if there are significant shifts in broader market conditions or if the original technical analysis signals are invalidated.
Risk Management:
It's essential to manage risk effectively. Consider position sizing and ensure that the risk-reward ratio aligns with your trading strategy.
Disclaimer: This is not financial advice. The post is for educational purposes only. Please do your own research and consider your risk tolerance before making any trading decisions.
Barbecue Nation ready for fire !Mutual Funds have increased holdings from 18.18% to 18.76% in Sep 2023 qtr.
FII/FPI have increased holdings from 17.97% to 18.06% in Sep 2023 qtr.
Annual Revenue rose 40.02%, in the last year to Rs 1,241.78 Crores. Its sector's average revenue growth for the last fiscal year was 50.99%.
Good zone to accumulate for targets of 850/900+