NCC looking good for Short term investment; 20% ReturnFundamentally good stock,
Good For short term investment in cash market'.
Leave a " Like If you agree ".👍
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Entry: 335/ 321
target: 342- 355- 393 - 400
sl: 321
major stoploss / support: 311
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Enter only after breaking & close above " Yellow box " mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
Refer old ideas attached below
Follow for regular updates👍
Bullishpattern
GM infra; Take a look; min 40% Roi; shortterm investment;Huge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for Breakout & small retracement & then daily candle to close above - "105"
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
Follow for regular updates.👍
JK PAPERI'm not a SEBI registered analyst, Views are personal, not any buy or sell recommendations.
Today I discovered JKPAPER, which has experienced a breakout in the Weekly chart. Additionally, I noticed that it is currently in its 5th wave, which is an impulse wave. Considering the wave structure and the strong performance of consumption-based stocks , I predict a short-term upward movement in the stock. Please refer to the chart for a detailed analysis.
Take ISMTLTD for major upsideTake entry at cmp 99
Target 137
Next average at 78Rs
This counter is ready to test its life high of 137 so be invested and hold tightly
Reliance right opportunity for Swing Trade.Huge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "3050"
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
Follow for regular updates.👍
Reliance Industries: The Mukesh Ambani of Stocks Attention, traders! Buckle up, because Reliance Industries Limited is ready to take off like a rocket ship to the moon! 🚀📈 We’ve spotted some exciting price action and technical patterns that you won't want to miss. Let’s dive into the details.
I. Price Action Overview
Chart Analysis
Current Price: ₹3,061.10
Daily High: ₹3,075.00
Daily Low: ₹3,012.00
Volume: 14.192M
II. Key Technical Indicators
Bullish Flag Pattern: RIL is climbing faster than Antilia's elevator during a power outage. The chart clearly shows a bullish flag pattern, a classic continuation pattern indicating potential upward movement.
Breakout Confirmation: We've seen a solid breakout from the flag pattern, signaling a potential rally.
Volume Breakout: Trading volume is higher than the number of JioMart deliveries on a Sunday. This suggests strong conviction in the move. Accompanying the price breakout, there's a significant increase in volume, further confirming the bullish momentum.
III. Trading Idea:
For the brave Ambani-wannabes out there, riding this uptrend could be more thrilling than a Bollywood blockbuster. But remember, timing the market is as tricky as navigating Mumbai traffic during monsoon!
Price Targets and Support Levels
Immediate Resistance: ₹3,100.00 - This is the next level to watch. A break above this could open the doors to higher levels.
Support Levels:
Primary Support: ₹2,800.00 - A key level to hold for maintaining the bullish outlook.
Secondary Support: ₹2,559.25 - This is a more conservative support level, aligning with previous consolidation areas.
IV. Risks:
If this rally loses steam, the stock could drop faster than your data speed when you run out of Jio balance. Keep an eye on oil prices and telecom regulations, and be ready to book profits quicker than you can say "Jio Dhan Dhana Dhan".
V. Final Thoughts:
Reliance Industries is flexing its muscles like Mukesh Ambani at an AGM. Will it continue to dominate the market like it dominates your phone bill, or will it take a breather? Only time will tell, but one thing's for sure – this stock is more diverse than the menu at a 5-star hotel buffet!
Disclaimer: This analysis is about as guaranteed as a glitch-free day on the MyJio app. Always do your own research and consult a financial advisor before making investment decisions. Happy trading, and may your profits be as hefty as Reliance's market cap! 💼
Bullish Head and Shoulders Pattern in Lal Path lab.The head and shoulders pattern is a popular technical analysis pattern that typically indicates a reversal of a bullish trend. Here's how it typically appears:
- **Head and Shoulders Pattern**:
- **Shoulders**: There are two peaks (shoulders) nearly equal in height with a higher peak (head) between them.
- **Neckline**: A trendline drawn connecting the lows of the troughs between the peaks (shoulders).
- **Volume**: Generally, volume tends to decrease as the pattern develops, with a noticeable increase at the breakout point.
- **RSI**: RSI (Relative Strength Index) often shows a divergence where the second shoulder forms, indicating weakening bullish momentum.
Description:
- **Monthly Chart**: The pattern spans over a longer time frame, suggesting a significant potential reversal.
- **Good Volumes**: Volume confirms the pattern's validity, ideally showing higher volume at the formation of the head and the breakout.
- **RSI Above 58 and Rising**: RSI being above 58 and rising suggests increasing bullish momentum, supporting the potential reversal indicated by the pattern.
- **Above Key EMA Levels**: Trading above key Exponential Moving Average (EMA) levels further reinforces bullish sentiment.
This combination of factors indicates a potentially strong head and shoulders pattern on the monthly chart of Lal Path Labs, suggesting a reversal from a bullish trend to a bearish one. Traders often look for confirmation through a decisive break below the neckline to validate this pattern. Always consider other technical and fundamental factors before making trading decisions.
Bullish Head and Shoulders Pattern in Lal Path Lab.The head and shoulders pattern is a popular technical analysis pattern that typically indicates a reversal of a bullish trend. Here's how it typically appears:
- **Head and Shoulders Pattern**:
- **Shoulders**: There are two peaks (shoulders) nearly equal in height with a higher peak (head) between them.
- **Neckline**: A trendline drawn connecting the lows of the troughs between the peaks (shoulders).
- **Volume**: Generally, volume tends to decrease as the pattern develops, with a noticeable increase at the breakout point.
- **RSI**: RSI (Relative Strength Index) often shows a divergence where the second shoulder forms, indicating weakening bullish momentum.
Description:
- **Monthly Chart**: The pattern spans over a longer time frame, suggesting a significant potential reversal.
- **Good Volumes**: Volume confirms the pattern's validity, ideally showing higher volume at the formation of the head and the breakout.
- **RSI Above 58 and Rising**: RSI being above 58 and rising suggests increasing bullish momentum, supporting the potential reversal indicated by the pattern.
- **Above Key EMA Levels**: Trading above key Exponential Moving Average (EMA) levels further reinforces bullish sentiment.
This combination of factors indicates a potentially strong head and shoulders pattern on the monthly chart of Lal Path Labs, suggesting a reversal from a bullish trend to a bearish one. Traders often look for confirmation through a decisive break below the neckline to validate this pattern. Always consider other technical and fundamental factors before making trading decisions.
India Cements Smashes Resistance, Begins Epic Breakout Rally!Get ready for a wild ride, traders! India Cements Ltd. is taking us on a rollercoaster that would make even the bravest thrill-seeker dizzy. Buckle up and let's dive into the price action analysis of this cement stock that's been anything but solid.
I. Current Price Action:
Price: ₹233.15
Change: +14.55 (+2.12%)
Volume: 18,388M (Higher than the number of potholes on Mumbai roads)
II. Key Observations:
Resistance Breakthrough: After a prolonged tease, INDIACEM has finally broken through the ₹230.15 resistance level, showcasing more power than a construction site jackhammer.
200-Day Moving Average Crossover: The stock has crossed above the 200-day moving average, a bullish signal that could potentially attract more buyers like bees to honey
Consolidation Phase: The stock has been stuck in a range, trading between support and resistance, indecisive as a Bollywood villain's motives.
Volume Spike: The volume during the breakout is higher than the number of uncles offering unsolicited advice at a family gathering. This suggests conviction in the move, whether you like it or not.
Support Zone: The stock is currently flirting with the ₹204.98 - ₹210.19 support zone. If it holds, this could be a juicy buying opportunity for the daring traders out there. If not, well, you might need a stiff drink to cope.
Trading Idea:
For the risk-takers, buying the breakout could be a tempting proposition. But remember, chasing a stock after a sharp move is about as safe as trying to outrun a raging bull. Set those stop-losses tighter than your budget after a night of revelry.
Potential Targets:
🎯 Short-term: ₹250 (As ambitious as your New Year's resolutions)
🎯 Mid-term: ₹275 (Reaching for the stars, or at least the top shelf of the liquor cabinet)
Risks:
If this breakout fails to hold, the stock could tumble faster than a poorly constructed building. Keep an eye on the overall market sentiment and be prepared to run for the exit faster than a rat spotting the neighborhood cat.
Final Thoughts:
India Cements Ltd. has finally broken out of its consolidation range, potentially setting the stage for a new uptrend. Will it continue to build upon its gains, or crumble under the pressure? Only time will tell, but one thing's for sure – this stock is keeping traders on their toes more than a Bollywood dance number.
Disclaimer: This analysis is about as reliable as that one friend who always claims to have an "inside scoop." Always do your own research and consult a financial advisor before making investment decisions. Happy trading, and may your profits be as plentiful as the stars in the Mumbai night sky! 🚀💰
Take a look | min 20% return | swingFundamentally good stock,
For long term investment.
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Entry: 535
target: 555 -585- 651
sl: 506
major stoploss / support: 485
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Enter only after breaking & close above " Yellow box" mentioned.
Or else wait for some time.
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;good for long term investment.
'
'
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
refer old ideas attached below
EMUDHRA - BASE ON BASE FORMATION WITH BREAKOUTHi All,
This idea is about EMUDHRA
Fundamentals
Market Cap - 7438 Cr
Stock PE - 98.7
ROE - 14.4%
ROCE - 17.7%
Promoter Buying - 54.4
Quick Ratio - 5.71
D/E - 0.01
Emudhra is a licensed certifying authority involved in issuing digital signature certificates in India under its eMudhra brand. The company is licensed by the Controller of Certifying Authorities (CCA), Ministry of Information Technology, and operates under the guidelines set by the Information technology Act
Technicals
After forming 2 bases, the price action is poised for stage 3 advance before forming next base. All the stages are shown in chart for clarification
Hope you'll enjoy this idea,
Happy Trading,
Thanks,
Stock-n-Shine
HUHTAMAKI - 10 YEAR CLEAN BREAKOUT (WEEKLY CHART)Hi All,
This is about Huhtamaki India Ltd
Fundamentals:
Market Cap - 2959 Cr
Stock PE - 27
ROCE - 12.5%
ROE - 13%
Promoter Holding - 67%
EPS - 53
PEG - 0.83
Quick Ratio - 1.56
Debt to Equity - 0.22
Technicals:
10 year breakout on weekly chart with good volume support. Expanding moving averages after a tight consolidation
Should wait for today's closing before taking the trade
Hope you will enjoy the trade,
Happy Trading!
Thanks,
Stock-n-Shine
JAYAGROGN - INVERSE HEAD AND SHOULDER PATTERN WITH STRONG VOL BOHi All,
This idea is related to Jayant Agro Organics Ltd
Fundamentals:
The Company is mainly engaged in manufacturing and trading of castor oil and its derivatives such as oleo chemicals.
Market Cap - 962 Cr
Stock P/E - 18
Book Value - 181
Promoter Holding - 67%
EPS - 17.6
Debt to Equity - 0.29
ROE - 10%
ROCE - 12.2%
Dividend Payout - 23%
Technicals:
This counter has shown all important characteristics of a perfect Inverse Head and Shoulder Pattern. Left Shoulder is deeper than right whereas the head is deepest. Volume price also concurs to the pattern that with every rise volume was low whereas each decline, the volume associated was high
Most importantly, during neckline breakout, the relative volume was very high which is the most important aspect to avoid false breakouts.
The stock price has advanced more than 3% from the neckline, cementing the continuation of the breakout
This is a weekly chart, so before taking the trade it is advisable to let price action be pulled back to nearest Moving average & then take a trade
If you like my analysis please comment and let me know your thoughts,
Happy Trading!
Thanks,
Stock-n-Shine
THANGAMAYL - 10 Months Consolidation Breakout / All Time HighThangamayil Jewellery Ltd
1) Time Frame - Weekly.
2) The Stock has been Consolidating since (July, 2023). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in weekly Time Frame.
3) The stock may find it's next resistance around the price (2050 - 24.50% from the price 1646.10) .
4) Recommendation - Strong Buy.
GICRE - UPSIDE POTENTIAL OF 40%Hi All,
General Insurance Corporation of India - CMP (406)
Market Cap - 71309 Cr
Stock PE - 10.7
Book Value - 315
Promoter Holding - 85%
EPS - 38
As per the technical pattern on weekly timeframe, price action has formed Bullish Continuation Pattern and is currently trading at lower channel of the trend formation.
An upside of 40% is clearly visible over coming months which is the upper channel of the bullish pattern.
In the current week, price action has broken the horizontal resistance as well confirming the upside in near future.
Relative Strength has also turned positive on all major time frames.
As per fundamentals,
Stocks is still undervalued at PE of just 10.7 with sector PE of 17.
Healthy Dividend of 20.4%
CAGR growth of 24.1% over last 5 years
Hope everyone enjoys this trade!
Happy Trading,
Thanks,
Stock-n-Shine
Low risk-high return : min10% returns : Take a lookHuge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "315"
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If you are interested in investment, go for it with proper risk,
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Overall " biocon" fundamentally good stock.
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Enter only if market Breaks
"Yellow box" mentioned.
.
Wait for proper reversal and conformation.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
Refer over old posted idea attached below.
METROBRAND - BULLISH - IMPULSE - STARTINGHi Folks,
Metrobrand has shown very high delivery in overall day volumes. It has gone through a healthy correction of 50% of last leg of impulse. Stock has absorbed selling pressure, albeit with low volumes with high liquidity.
Currently, price has broken out the falling wedge and RSI has shooted up to corroborate the strength of this up move. Constant weekly close above 30 WEMA also indicates bullish stance of this stock.
Elliott Wave Analysis
1. On larger timeframe its an ongoing impulse in the form of 12345.
2. Internal 4 of larger 3 seems to be getting over with one more divergent bounce left.
3. Targets are marked with fib projections on the chart.
4. 2-4 trendline will act as invalidation levels.
5. 5th wave can hit the upper channel.
Not a trading reco, please do your own due diligence.