Bullishpattern
DivisLab- Bullish Swing-Will this be a new All time high? NSE:DIVISLAB
28.08.2024
Buy-5090
Target-5374
Stop Loss-4815
Risk Reward- 1:1
1.Inside bar breakout
2.Trend- Very good uptrend
3.Price has bounced from support level & broke previous resistance
4.Volume- Very good volumes found in bullish side
5. EMA- Rejection from 50 EMA and price above 21 EMA
6. Pharma sector is in rocket mode
CYIENT LTD READY FOR A BLAST!NSE:CYIENT
Cyient Ltd Analysis:
Current Market Price (CMP): 2005
The stock is forming a Darvas Box pattern, indicating a potential breakout. A move above 2056 could trigger further upside momentum.
Buy Range: 2000-2050
Upside Targets: 2189, 2200, 2400
Support Level: 1944
Watch for a breakout above 2056, with potential upside targets ahead. Support is at 1944 for downside protection.
Disclaimer: This analysis is for educational purposes only. Conduct your own research before trading.
Kotak Support zone buy in cheap price 1st Entry: 1400
2nd SIP : 1200
3rd SIP : 1000
Emergency tip : You should not buy to the dip. If 1000 level broken 💔 . It may crash tho.
Description with Logic :- Kotak Mahindra bank is a very good company. With fundamental and price behaviour combined analysis described it as Uptrend Rally and it has to be retracted (when in downtrend in future time) to support level 1400 and 1200 and 1000 . You may SIP while market will going down. Today the Cmp of stock is 1700 approx , it may reduce atleast 30% that is 1200 or lower. To prevent BUBBLE MARKET .
KPIT Tech: Is This High-Conviction Pattern Set to Deliver?This is purely a technical play in NSE:KPITTECH
The chart is showing a high-conviction inverse head and shoulders pattern, suggesting a potential bullish reversal. A volume breakout and close on a lower timeframe above 1882 could provide a solid entry point.
For this trade one can maintain a strict stop loss of 1790. The targets to aim for are 2054 and 2105, which align with the expected move from this setup .
This is a short-term trade idea, but monitor price action and volume for confirmation of the breakout. Additionally, consider any other technical indicators or tools that could further validate this setup.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risks and is not suitable for everyone. Always conduct your own research and consult with a financial advisor before making any investment decisions. The author is not responsible for any losses incurred.
RCF - Forming Bullish Head and Shoulder Chart PatternRCF is forming bullish head and shoulder chart pattern, waiting for upside breakout!
Once breakout given we will update how to trade Head and Shoulder chart pattern and most of you know how to trade.
Thank You
Arvind Yadav, Cfa
Arvind Share Academy
GVFILMS - Pole and Flag patternGVFILMS - Pole and Flag pattern
Check out the latest chart on $GVFILMS! 📊 The stock is currently forming a classic Pole and Flag pattern—a strong continuation signal that traders love. After a sharp upward move (the pole), the price has been consolidating within a tight range (the flag), indicating potential for another breakout! 🚀 Keep an eye on this setup as it could signal a powerful upward move if the breakout confirms. This could be an exciting opportunity for those looking to ride the next wave. Let’s see how it plays out—follow along for more updates!
#Trading #TechnicalAnalysis #StockMarket
Weekly Market Forecast: Nifty & Bank Nifty Set for Major Moves!Nifty and Bank Nifty are poised for a strong upside move if they break their respective resistance.
Nifty Resistance : 25300 - 25500 , Above this should open doors for 25800-26200 levels soon!!
If Nifty does not clear 25500 then it will be considered as double top pattern.
Currently Nifty is also showing negative divergence in daily chart.
Bank Nifty has given a trendline breakout, looking for a strong movement above its resistance zone 51400 -51700, above this it will try and test previous ATH levels.
if fails then should see 50990-50500 levels again.
NIFTY... ELLIOT WAVE COUNTING... BULL TREND STILL INTACT!The 5th primary Elliott Wave, which began after the decline following the election results, is continuing its upward movement towards the 26,000 mark. The secondary waves 1 to 4 (within the primary wave 5) have already been completed, and wave 5 is expected to resume its upward trend soon.
This progression can be clearly seen in the chart. I am optimistic about seeing the Nifty reach 26,000 this year.
Remember, the market is supreme, so trade cautiously.
Ask auto; Take a look; min 25% Roi; short term; 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 - "381"
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If you are interested in investment now, go for it with proper risk,
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Overall "Ask Automotive" fundamentally good stock.
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Enter after retracement above
"Yellow box" mentioned.
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Wait for proper reversal and conformation.
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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-✌️
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Refer over old posted idea attached below.
IREDA ( going to shoot up ); 2024- best pick; min 100% ROIMay be going to became "Hot stock - 2024"
Fundamentally good stock,
Good For short term/ long term investment in cash market'.
Leave a " Like If you agree ". 👍
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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-✌️
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Refer old ideas attached below🧲
Follow for regular updates👍
Balrampur Chini | Ready to Give Big ReturnStock Name: Balrampur Chini Mills Ltd.
Why to add in a portfolio:
Technically:
1. Cup n Handle formation from Nov 23 to Aug 24
2. Weekly Breakout from April 22 to Aug 24.
3. Descending Reversal (Green line) Breakout.
4. Volumes are increasing
Fundamentally:
1. Revenue: Overall Revenue Rs 5593 cr in 2024.
2. Promotors have 42.9 good Equity.
3. FII & DII have 12.19 & 22.58 % equity
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
TRIDENT GO LONG FOR 2-3 YearsStock Name: TRIDENT
Why to add in a portfolio:
Technically:
1. Stock in a triangle but hoping this will give breakout soon
2. Weekly Breakout above 44
3. Support White line
Fundamentally:
1. Revenue: Overall Revenue Rs 6808 cr in 2024.
2. Promotors have 73% Equity.
Once stock break 40-44 range then this will became bullish.
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
Take Medplus Health for almost double targetTake entry at cmp 669
Target 1227
Term 1.5 year to 2 year
Next average price at 572Rs...at this level invest same amount and make weekly closing basis stop loss of 547Rs......
Downside will be limited and upper side will be open sky so this will be good deal for investors...
we can see W pattern on monthly chart. Lets see W will be a part of our Wealth creation or not.
LIC Housing Finance-Bullish Swing NSE:LICHSGFIN
27.08.2024
Buy-Above 485 after crossing 21 EMA
Target- 775
Stop Loss-624
Risk Reward- 1:1.5
With very good uptrend from past one year, price has reached all time high
but couldn't able to break. Now again it is trying to climb the same level to break and
create new ATH.
1.Bullish engulfing against last 3 candles
2. Price rejection continuously from the parallel support level. Reject rejection is with 200 EMA
3. Continuous 3 green candles formation in weekly TF.
4.Volumes decreased in red candles during breakdown and now increased volumes found in green.
5. Rejection from 0.5 Fibonacci level again at same support level.
6. Stock bounced from over sold level and now into bullish RSI zone after crossing 40 RSI
Symmetrical Triangle Pattern Breakout seen In Bajaj Finserv Ltd.Hello everyone, i hope you all will be doing good in your Trading and Life as well. I have brought a stock which has given a breakout of Symmetrical Triangle Pattern. Stock name is Bajaj Finserv Ltd, and it is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers by providing solutions for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions.
Technically and Fundamentally stock is really Good to go for short term to long term as well. I think this is the best stock to hold for long term from here. This can be best portfolio stock. Companies management has given positive outlook for future in last quaterly result conference call.
The pattern can indicate a number of things, including:
Volatility contraction
The pattern can symbolize a decrease in volatility as the price range contracts within the triangle.
Indecision
The pattern can form when the market is uncertain and buying and selling continues.
Potential trend reversals or continuations
The pattern can help traders and analysts spot potential trend reversals or continuations and manage risk.
A breakout from the upper trendline indicates the start of a new bullish trend, while a breakdown from the lower trendline marks the start of a new bearish trend. Check the charts above (Bajaj finserv) it has given breakouts for falling upper band. before to few minutes of Closing of today's session or opening of next day session can be entry point. For the Targets you can calculate the thickness of symmetrical pattern as i have shown on chart above, and stop loss can be place at lower of breakout candle or near to lower band support line.
Market Cap
₹ 2,74,385 Cr.
Current Price
₹ 1,719
High / Low
₹ 1,742 / 1,419
Stock P/E
32.9
Book Value
₹ 378
Dividend Yield
0.06 %
ROCE
11.7 %
ROE
15.3 %
Face Value
₹ 1.00
Industry PE
23.6
Debt
₹ 2,88,933 Cr.
EPS
₹ 52.3
Promoter holding
60.6 %
Intrinsic Value
₹ 902
Pledged percentage
0.01 %
EVEBITDA
12.8
Change in Prom Hold
-0.04 %
Profit Var 5Yrs
20.4 %
Sales growth 5Years
21.0 %
Return over 5years
19.8 %
Debt to equity
4.79
Net profit
₹ 16,095 Cr.
ROE 5Yr
13.8 %
Profit growth
18.3 %
Earnings yield
7.66 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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