ITC: Charting the Path to Smart Investments!A Flag pattern breakout in ITC!!
The mamoth is ready for more upside, it has the possibility to almost double from here!!
Pole height : 300 points
Breakout point : 455
Price where it can reach due to the pattern breakout : 754
Return Expected : 65-70%
Strong Volumes as well !!
Bullishpattern
ITC: Charting the Path to Smart Investments!A Flag pattern breakout in ITC!!
The mamoth is ready for more upside, it has the possibility to almost double from here!!
Pole height : 300 points
Breakout point : 455
Price where it can reach due to the pattern breakout : 754
Return Expected : 65-70%
Strong Volumes as well !!
Bullish SignsBeing a trading cum self clearances company of NSE - National Stock Exchange, it has to pass through a lot of regulatory certifications and clearances. It is an integral member of NSE and has a high scope of growth till Indian markets stands strong.
Look at the chart, for a long term investment, it give me a great bullish sign.
It has a potential to easily reach at a mark of Rs. 560 but before that it will have to reach at its first target of 220-240, consolidate there and then move ahead.
All this only if India markets stays strong and shows robust growth.
Do your analysis before investing. I’m not SEBi registered.
Birla Soft - Bsoft getting ready for big Party Bsoft
Observed : Parabolic Trend along with Bullish Flag pattern.
Tgt expected
1 : 866±
2 : 983±
3 : 1047±
4 : 1125±
5 : 1353±
6 : 1546 ±
Shared it for educational /Reference purpose based on chart pattern.
Do your analysis from your side too
This is not a BUY or SELL RECOMMENDATION.
BITCOIN on Last Lower-Low DipAs per 1-day chart analysis, CRYPTOCAP:BTC performing well as per my previous perditions, already posted and mentioned below with its last Lower-Low soon around GETTEX:52K - GETTEX:48K , while it is already completed its second-final mark of $53.5k that lies between $55k- GETTEX:52K as per given charts.
so, need to take a little while more patience upto july month end, to completing its last Lower-Low mark and then from august onwards, #Bitcoin will starts moving slowly sideways with #Altcoins rally starts and slowly from sept. onwards fully mode of #BullRun 2024-25 cycle will be starts into their #Elliot #ImpilsiveWave upto next 7-8 months...
anyways,
always #DYOR before investing in #Crypto and Trade by using #StopLoss at this situations.
and,
always follow share & comment on my every post to get more updates...
When is the fall coming in Indexes ? Will the fall come ??Nifty and Bank Nifty on daily chart are showing some weakness, Nifty if breaches 24400 level then we can see a movement to 24800, in shorter time frame (30mins) nifty has shown a strong upside move, which indicate it will move up!!
Bank nifty is still lagging behind, it has to move aboe 53300 level for further upside to 54100-200 levels, support is at 51900 level.
WELPSUN CORP - BULLISH - 3X CANDIDATE - LONG TERMHi Folks,
Fundamental Analysis
1. High top line growth - Sales growing at high growth.
2. High capex since 3 years. Operational leverage will play out in coming years.
3. PAT increasing constantly at a very decent growth.
4. PE is still undervalued, rerating will soar price multifold.
5. High free cash flows/ Cashflow from operations at its peek.
6. OPM is stable and increasing constantly.
Technical Analysis
1. A very big cup and handle visible, retesting breakout levels.
2. Elliott wave analysis - A fresh new larger impulse is visible.
3. Price shall follow marked channel upwards.
4. Targets are marked on cup and handle breakout.
5. Elliot wave targets are also marked basis on fib projections.
Not a trade recommendation. Do your own due diligence.
BEML LTD: Bulldozing Its Way to New Heights!BEML LTD: Bulldozing Its Way to New Heights!
Technical Analysis:
Trend: BEML is on a bullish rampage, charging upwards like a bull in a china shop... if the china shop were full of profit opportunities!
Breakout: The stock just smashed through resistance at 4,777.90, showing more strength than a bodybuilder at a protein shake convention.
Support: Previous resistance now acts as support. If BEML were a superhero, 4,777.90 would be its trusty sidekick, always there for backup.
Volume: Increasing volume confirms the uptrend. Traders are piling in faster than kids at an ice cream truck on a hot summer day!
Price Action: Strong bullish candles suggest momentum. BEML is painting the chart green like it's trying to win a St. Patrick's Day parade.
Fundamental Factors:
BEML, a defense equipment manufacturer, likely benefiting from increased government spending.
Infrastructure push in India could be fueling demand for BEML's construction equipment.
Risks:
Overbought conditions may lead to a pullback. Even rocket ships need to refuel sometimes!
Keep an eye on broader market sentiment and sector-specific news.
Trade Idea:
Consider long positions with a stop loss below the breakout level. Target the psychological 5,500 level.
Remember, folks, investing is like cooking - it's all fun and games until someone loses their dough. Always use proper risk management!
Disclaimer: This analysis is for educational purposes only. Do your own research before making investment decisions. And remember, the market has more mood swings than a teenager, so trade wisely!
Stock Market Analysis Report: IRCON International Limited Introduction
Hello, fellow traders! Buckle up because IRCON International Limited is on the move, and it’s picking up speed faster than a bullet train! 🚄 Let's dive into the technical analysis and see what the charts are telling us about this infrastructure giant.
Price Action Overview
Chart Analysis
Current Price: ₹307.75
Daily High: ₹315.80
Daily Low: ₹286.50
Volume: 116.643M
Key Technical Indicators
Breakout: The stock has just experienced a significant breakout.
Support Levels: Identified at ₹175.67 (Support 1), ₹214.03 (Support 2), and ₹266.25 (Support 3).
Massive Volume Buildup: Indicating strong buying interest.
Detailed Analysis
Breakout
Breakout Level: ₹307.75
Implications: This breakout suggests a strong bullish sentiment, indicating the potential for further upward movement.
Volume Confirmation: The breakout is supported by a massive volume spike, which adds credibility to this move.
Support Levels
Support 1: ₹175.67 - This is a long-term support level, providing a solid foundation.
Support 2: ₹214.03 - A medium-term support level, crucial for maintaining bullish momentum.
Support 3: ₹266.25 - The most recent support level, pivotal in the current trend.
Massive Volume Buildup
Volume Trend: The significant increase in volume suggests strong market interest and participation.
Significance: High volume during a breakout indicates robust buying pressure, often leading to sustained price increases.
Price Targets
Immediate Resistance: ₹325.00 - The next level to watch for potential resistance.
Medium-Term Target: ₹350.00 - A psychological level and potential profit-taking zone.
Long-Term Target: ₹400.00 - If the bullish momentum continues, this could be a feasible target.
Conclusion
IRCON International Limited has shown a powerful breakout with strong volume support, indicating a bullish trend. With significant support levels in place and increasing market interest, this stock could be on a solid upward trajectory. Keep an eye on the immediate resistance at ₹325.00 and watch the volume closely for further clues. Happy trading, and may your portfolio be as strong as IRCON’s infrastructure projects! 🏗️📈
Disclaimer
This analysis is based on historical data and chart patterns. Always do your own research and consider your risk tolerance before making any investment decisions.
ZENSARTECH BREAKOUT 🚀🚀 (Inverted Head & Shoulder) Zensar Technologies Ltd has hit it's all time high with a very strong bullish pattern which is called as the inverted Head & Shoulder or (tripple bottom by a few ).
Zensar Technologies Ltd has been performing pretty good from a few quarters . The net profit of the company is increasing along with its sales , also the Earning of the company is increasing with good momentum as well . This is now visible on the charts.
Short Term Trading Opportunity in Cummins India for > 15% upsideHi,
NSE:CUMMINSIND has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Stock Market Analysis Report: Cochin Shipyard Limited All aboard the Cochin Shipyard Limited stock, because this ship is ready to sail to new heights! 🚢💹 We’ve spotted some thrilling price action and technical patterns that promise a profitable voyage. Let’s dive into the details.
Price Action Overview
Chart Analysis
Current Price: ₹2,679.95
Daily High: ₹2,679.95
Daily Low: ₹2,405.05
Volume: 13.027M
Key Technical Indicators
Breakout Point Entry: The chart shows a breakout above the previous resistance level, signaling a strong upward trend.
Volume Spike: There is a notable increase in volume, confirming the breakout and indicating strong market interest.
Detailed Analysis
Breakout Point Entry
Formation: The stock has been steadily climbing, breaking through key resistance levels marked as A, B, and C. The latest breakout point entry is a clear indicator of bullish momentum.
Significance: This breakout suggests that the stock has the potential to continue its upward trajectory, as it has overcome significant resistance.
Volume Spike
Volume Increase: The recent volume spike is significant, as it demonstrates heightened trading activity and investor interest. This adds credibility to the breakout and suggests sustained momentum.
Implications: High volume during a breakout typically indicates that the new price levels are supported by strong buying pressure, reducing the likelihood of a false breakout.
Price Targets and Support Levels
Immediate Resistance: ₹2,800.00 - This is the next level to watch for potential profit-taking.
Support Levels:
Primary Support: ₹2,438.25 - This level should act as a strong support if the price retraces.
Secondary Support: ₹2,200.00 - A more conservative support level that aligns with previous
consolidation areas.
Why did the shipyard stock bring a life jacket to the market? Because it’s ready to float above the rest! 🛟📈
Conclusion
Cochin Shipyard Limited is exhibiting a strong bullish trend with a confirmed breakout and significant volume spike. Keep an eye on the resistance level at ₹2,800.00 and monitor the volume to ensure the breakout sustains. Happy trading, and may your investments be as sturdy as a ship's hull! 🌊⚓
Disclaimer
This analysis is based on historical data and chart patterns. Always do your own research and consider your risk tolerance before making any investment decisions