Lupin - 10 Year breakout & Rounding Bottom Weekly Chart
Lupin Looks strong!!
10 year breakout done @ 2200 level
Rounding Cup pattern breakout as well
Cup height : 1500 points
Target : 3750
Sl 1580
Bullishpattern
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.
Buy HeroMotoCo for Big upsideTake entry at cmp 5455
Target 6676
Invest again at 4985 level
Down trendline breakout on daily candle . Auto sector already bullish .
Add in your watchlist
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.
LAXMI ORGANIC, BULLISHThe stock has seen correction since Sept 2021, formed strong base,
and is rising with HH-HL pattern. Important levels are indicated in the
chart. Target price shown is based on rounding bottom pattern.
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.
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.
Thankyou.
BMW looking good; short term / long term; min 110% RoiAdd this to watchlist and wait for entry.👁️🗨️
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "82".
Trade carefully untill ENTRY level.
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Entry: 82 / 65
target: 119 - 134- 150- 195
sl: 74 (82) / 55 (65)
major stoploss/ support: 55
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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🧑💻
Follow for daily updates👍
.
Refer old posted idea attached below.
VBL-An ATH breakout in super bullish FMCG stock VBL has been a consistent outperformer among FMCG stock in this bull run.
As we can clearly see, stock is forming a beautiful staircase pattern(continuous flag pole) during the uptrend.
Stock has given breakout in closing basis of ATH. A good stock for quick momentum traders.
Not a recommendation.
If interested, do check the chart of RVNL which has shown a similar staircase pattern in past.
WESTLIFE - Breakout after 1 year (McDonald's India)WESTLIFE - Breakout is seen after 1 year in the daily timeframe. The stocks has been in a good uptrend and shows good signs of growth both technically and fundamentally.
Do you like McDonald's? Well - This company manages all the McDonald's stores in West and South India.
These are my personal views, please do your OWN research before making a buy/sell decision.
SIKA - Breakout after an yearSIKA - Good breakout observed in the daily timeframe with nice price action. The company has robust sales, profits and growth potential. I see an immediate upside potential of 9% and more.
JYOTIRES - Breakout with good volume JYOTIRES - Breakout in daily timeframe observed after one year. The stock has consolidated for a few weeks before a huge-volume breakout.
The company has FANTASTIC fundamentals and great growth potential. There is a good upside in this stock, both in the short-team (catch momentum) and in the long-term (strong growth potential).
Please do your own research before making a buying decision. These are my personal views.
NYKAA going to boom; Min 40 % ROI; Swing Traders, Take a lookHuge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
Follow for regular updates.✌️
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Wait for small retracement & daily candle to close above - "226"
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If you are interested in investment now, go for it with proper risk,
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.
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Enter after market close above
"Yellow box" mentioned.
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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.
Trading setup for Tata Technology1. Lower Tops and Lower Bottoms: This pattern suggests that the stock was in a downtrend after its initial listing, with each high being lower than the previous high and each low being lower than the previous low.
2. Consolidation: Since July 2024, the stock has been consolidating at lower levels. This typically indicates a period of stabilization where the price is moving within a range, suggesting accumulation by investors. During this phase, the stock might not be making significant gains but is building a base.
3. Breakout: The stock has recently broken above the downtrend line with high volume. This breakout from a downtrend line, especially when accompanied by high volume, is often seen as a bullish signal. It suggests that buying interest is strong and the stock may be poised for an upward move.
4. Bullish Implications: The combination of consolidation at lower levels and a breakout with high volume can be interpreted as a positive signal. It indicates that the selling pressure has subsided and there could be potential for further gains if the bullish momentum continues.
Trade Setup:
Buy Entry: Consider buying the stock if it trades above ₹1040.
Stop-Loss (SL): Set your stop-loss at ₹980 to manage risk.
Target: The target is open-ended, meaning you expect the price to rise significantly, but you will need to monitor for potential exit points based on further analysis or changes in market conditions.
It’s always wise to stay updated with any fundamental changes or news that could impact the stock and adjust your strategy accordingly. Good luck with your trade!
***Disclaimer : This is my personal view, please trade after consultation with your financial advisor. I am neither a SEBI Register RA or RIA.
Regards
Arvind Kumar Yadav, Cfa
Arvind Share Academy
BETA - Breakout with a good upside potential BETA - Good breakout is observed in the daily timeframe. This company is a fantastic compounder and has excellent fundamentals and technicals.
There is an immediate upside of around 17% and it can also be a good option for long term holding.
Please do OWN your research before making a decision. These are only my personal views.
Perfect Cup and Handle setup (Breakout really soon) - OnePoint
✅ Stock is ready to give a breakout really soon.
✅ Previous rallies very really steep. Hoping for upcoming rally to be similar.
KRSNAA - Rounding Bottom BreakoutKRSNAA - KRSNAA DIAGNOSTICS LTD
Trade Type - Long Term (1 year to 1.5 year)
Trade Logic - Rounding Bottom Breakout
CMP - 726.90
Time Frame - Weekly
Target 1 : 815
Target 2 : 940
Target 3 : 1100
Target 4 : 1300
Stop : 630
Risk/Reward Ratio (1: 3.8)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
CNCRD - Ready for next swing?CNCRD - Concord Control Systems
I see that CNCRD is ready for it's next swing with an upside potential of approximately 50%
The company has excellent fundamentals and has strong clientele, both fundamentals and technical of this stock looks very good and will be a good swing trading opportunity.
