Eicher MotorsSecret of rounding bottom. Now see the chart of FSL posted . You will get confidence and conviction.
sharing my idea based on chart reading.
no buying recommendation only for educational purpose
Chartanalysis
Jubilant food:-This reversal can fill your portfolio's hunger!Jubilant food has been underperforming since few years.
Stock has formed strong positive RSI divergence at confluence of supports.
Above 500, reversal will start and above 600 , reversal will be confirmed.
Valuation wise, not a good stock but RSI divergence stock are known to give quick, big moves.
All positional traders shouldn't miss this stock
Sansera-IHNS breakout coming near ATH!Sansera has been consolidating at its ATH since past few months and has formed a beautiful inverted head and shoulders near the same.
Once 1100 is broken DCB, we will see quick upside in the stock.
Today, Q4 results are going to be announced, hence we might see gap up/gap down tomorrow.
Only risky traders should enter today.
Tejas networks-Technically strong setup!Tejas networks is a loss making multibagger company which has been consolidating since few months.
If stock breaks 800, a support reversal can be confirmed and new ATH can be expected in stock.
The stock is a multibagger stock which can repeat its performance if market is bullish.
Only Risky traders should keep this in watchlist
Quickheal- A quick, strong upmove coming soon?I had earlier shared quickheal as a reversal trade which gave big move.
Now, stock has formed a flag post breakout of ATH and is ready to blast.
Please note that stock is overvalued and hence, trade might be risky.
A small correction in broader market can make this stock to fall quickly. Do book profits as targets get hit.
Wockhardt-Bad fundamentals, Strong technicals!Wockhardt is an age old Indian pharma company which has been in loss since few years.
Stock has bounced from strong support and also gave inverted head & shoulders breakout.
Stock is consolidating post breakout.Not my usual technofunda pick but a very attractive technical breakout. Please know that risk is more with such ideas.
KSCL is ready for longHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending Triangle pattern in daily TF.
* From June 2024 to July 2024 tested resistance many times.
* It's Near resistance Zone and trying to sustain above Resistance Zone with good volume.
* If resistance zone is Sustained then we can see a good move.
* Volume Accumulation (Volume is Showing Strength).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Glaxo Is GainingHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Range Bound pattern in daily TF.
* From Last June 2024 its in range.
* It's Near resistance Zone and trying to Break Resistance Zone with good volume.
* If resistance zone is break then we can see a good move.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Double Bottom pattern breakout in AUBANKAU SMALL FINANCE BANK LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Double Bottom Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 670+.
✅Can Go Long in this Stock by placing a stop loss below 640-.
TTML near IMP AreaHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending Triangle pattern in daily & Weekly TF.
* From Aug 2023 to July 2024 its in range.
* It's Near resistance Zone and trying to Break Resistance Zone with good volume.
* If resistance zone is break then we can see a good move.
* Volume Accumulation all time high volumes (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Descending Triangle pattern breakout in BALKRISINDBALKRISHNA INDUSTRIES LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Descending Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 3305+.
✅Can Go Long in this Stock by placing a stop loss below 3134-.
TCS-An ATH breakout of investment stock with IHNS pattern!TCS is India's largest IT stock which has been consolidating since 2021 in an inverted head and shoulders pattern.
Stock has managed to give weekly closing above neckline with decent volumes.
Positional traders can also keep an eye on this breakout. If it sustains, we can see good quick move in the stock.
However, markets are also trading at ATH and a correction MIGHT be seen post budget.
It is better to watch the market reaction and stock movement for a week before entering.
Not a recommendation, just my personal opinion
Carborundum-A quick breakout swing tradeLogic:Breakout retest done and fresh flag breakout of consolidation
Targets are based on Fibonacci retracements.
Company has strong fundamentals. Good stock to invest on dips as well.
Idea is shared as a swing trade for educational purposes. It will help you understand power of flag breakout and continuation patterns.
Zen Technologies Limited - Breakout Setup, Move is ON...#ZENTEC trading above Resistance of 1366
Next Resistance is at 1663
Support is at 999
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Computer Age Management Services - Breakout Setup, Move is ON...#CAMS trading above Resistance of 4067
Next Resistance is at 5322
Support is at 3291
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Just Dial Limited - Breakout Setup, Move is ON...#JUSTDIAL trading above Resistance of 1180
Next Resistance is at 1754
Support is at 817
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Zen Technologies Limited - Breakout Setup, Move is ON...#ZENTEC trading above Resistance of 1072
Next Resistance is at 1366
Support is at 837
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Emami-A pre breakout tradeLogic: Inverted head and shoulder formation in weekly chart
Weekly closing above 630 will be a confirmation of breakout
Levels mentioned on chart. FMCG sector has started to gain momentum.
If you like my analysis, do follow me for more such ideas.
And a happy new year to all my viewers. Hope you all have a prosperous & profitable year ahead!
[INTRADAY] #BANKNIFTY PE & CE Levels(19/07/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 52550 level then possible upside rally of 400-500 points upto 52950 level & this rally can extend another 400 points if market gives breakout 53050 level in todays session. Any Major downside only expected in case banknifty starts trading below 52450 level.
#NIFTY Intraday Support and Resistance Levels -19/07/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24800 level and then possible upside rally up to 24920 level in today's session. in case nifty trades below 24760 level then the downside target can go up to the 24640 level.
Symmetrical Triangle pattern breakout in BATAINDIABATA INDIA LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Symmetrical Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1600+.
✅Can Go Long in this Stock by placing a stop loss below 1520-.
Monarch Networth Capital Ltd Bullish Pattern Current price 573
ABOUT :-
Monarch Networth Capital Limited is a provider of financial services in pure stock broking, primary market operations, mutual funds, insurance and financial planning. It is a strategic amalgamation of two financial service providers Monarch Group of Companies and Networth Stock Broking Ltd.
FUNDAMENTAL:-
Market Cap
₹ 1,939 Cr.
Current Price
₹ 573
High / Low
₹ 690 / 283
Stock P/E
13.3
Book Value
₹ 102
Dividend Yield
0.17 %
ROCE
51.5 %
ROE
43.1 %
Face Value
₹ 10.0
PROS:-
Company is expected to give good quarter
Company has delivered good profit growth of 58.5% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 35.8%
Company's median sales growth is 30.6% of last 10 years
CAMS Cup formationlong term cup formation is completed.
Generally when a cup is formed in longer time frame, it is considered to be an up-trend and is a good opportunity to buy stocks.
Need of a handle is based on investor to investor. Some see valid volume on breakout and keep investing on dips, and some wait for proper formation of handle.
In this chart, volume is rising on resistance level. and can be a good buying opportunity for long term.
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NOTE: This is just for educational purpose only, please do enter in market at your own risk.
