BSE - Ichimoku Breakout📈 Stock Name - BSE Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 3432.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Bsestocks
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.
SAMKRG Pistons & Rings - Monthly - Long Term Channel - BullishSAMKRG Pistons & Rings Ltd. (BSE: 520075) has been trading within a well-defined ascending channel, showcasing a consistent long-term uptrend. The chart highlights key support levels at the bottom of the channel, from where the price has always bounced.
The recent price action and technical indicators suggest a potential for further gains.
Key Points:
1. Ascending Channel: The stock has been moving within a clear ascending channel since 2006. The price recently rebounded from the lower boundary of the channel, indicating strong support and a continuation of the upward trend.
2. Key Support Levels: The chart shows multiple instances where the stock has found strong support at the bottom of the channel. Each bounce from this support level has led to significant upward movements, affirming the reliability of this trend.
3. Relative Strength Index (RSI): The RSI has made higher lows and higher highs in the preceding months and looks to be on an upward trajectory.
Disclosure: Invested at ₹179
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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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.
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.
BMW INDUSTRIES LTD - TECHNICAL AND FUNDAMENTAL ANALYSISTechnicals
Bullish Momentum - Above Short, Medium and Long Term Moving Averages
The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend.
MACD + RSI POSITIVE
Pattern: Symmetrical Continuation Triangle (Bullish)
The stock is seeing buyer demand, and is bullish across its technicals compared to the rest of the stock universe
Stochastic(20,3) 94.51 Overbought
RSC (6 months) 104.33 Outperformer
Fundamentals
POSITIVE
Annual Revenue rose 24.1%, in the last year to Rs 571.5 Crores. Its sector's average revenue growth for the last fiscal year was 9.8%.
POSITIVE
Quarterly Revenue rose 16.1% YoY to Rs 158.6 Crores. Its sector's average revenue growth YoY for the quarter was 0%.
POSITIVE
Annual Net Profit rose 57.7% in the last year to Rs 54.5 Crores. Its sector's average net profit growth for the last fiscal year was -53%.
POSITIVE
Quarterly Net profit rose 81.2% YoY to Rs 15.6 Crores. Its sector's average net profit growth YoY for the quarter was -34.9%.
POSITIVE
Stock Price rose 60.1% and outperformed its sector by 4.2% in the past year.
POSITIVE
Price to Earning Ratio is 16.2, lower than its sector PE ratio of 33.3.
POSITIVE
Debt to Equity Ratio of 0.4 is less than 1 and healthy. This implies that its assets are financed mainly through equity.
NEGATIVE
Return on Equity(ROE) for the last financial year was 9%, less than 10%, indicating an inefficient use of shareholder's capital to generate profit.
NEUTRAL
Promoter Share Holding stayed the same in the most recent quarter at 74%.
POSITIVE
Interest Coverage Ratio is 5.8, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).
POSITIVE
Promoter Pledges are zero.
Currently valued at Good to expensive valuation
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
BSE LTDBSE LTD Make Pall & Flag Flag Pattern But not confirm now ,
BSE Breakout 901 and sustained above 900 than confirm Pall & Flag Pattern Confirmation,
BSE Breakout and sustained above 901-10 than next move 955-60 Sustained above 955 than next move on 1024 and than open the sky of pall and flag pattern Target Move 1300 possible ,
But Now the time market Stay in Negative so,
Breakdown also possible,
If 340-38 Breakdown also possible,
Than Next Support 780-85 Possible
so be Careful and trade according your analysis and market view
Simple Trade Setup | BSE | 01-11-2021 [ INTRADAY]NSE:BSE
Observations:
1) On daily time frame, we can see that it has made bullish spinning top candle.
Also it closed below 21DMA and it is trading above 50DMA.
50 DMA which is placed at 1240.07 level which will work as major immediate support.
and 21DMA which is placed at 1330.53 level which will work as immediate resistance.
Sustainable breakout of 21DMA will make it bullish again.
Please refer below chart : 1day Time Frame.
2) Also On 1day time frame, we can see it is forming cup and handle pattern. Major breakout level is 1400 level.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 01-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.