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Chartanalysis

Shriram Finance Ltd - Breakout Setup, Move is ON...#SHRIRAMFIN trading above Resistance of 3562 Next Resistance is at 4760 Support is at 2635 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.
NSE:SHRIRAMFINLong
by MandeepSinghKohli
Bajaj Auto Ltd - Breakout Setup, Move is ON...#BAJAJ_AUTO trading above Resistance of 12530 Next Resistance is at 13976 Support is at 10789 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.
NSE:BAJAJ_AUTOLong
by MandeepSinghKohli
Mahindra & Mahindra - Breakout Setup, Move is ON...#M_M trading above Resistance of 2948 Next Resistance is at 3514 Support is at 2567 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.
NSE:M_MLong
by MandeepSinghKohli
1
Bajaj Auto Ltd - Breakout Setup, Move is ON...#BAJAJ_AUTO trading above Resistance of 10789 Next Resistance is at 12530 Support is at 9240 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.
NSE:BAJAJ_AUTOLong
by MandeepSinghKohli
Mahindra & Mahindra - Breakout Setup, Move is ON...#M_M trading above Resistance of 2202 Next Resistance is at 2948 Support is at 1453.80 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.
NSE:M_MLong
by MandeepSinghKohli
EURUSD Fluctuates, Downside Risks Increase!Hello everyone, today let's take a moment to reflect on the movements of EURUSD. Will it rise or fall? Here are some detailed insights and analysis from Alisa regarding this currency pair. Currently, the uptrend of EURUSD has weakened, with the price fluctuating at 1.1159, down 0.15%. With the upcoming Fed meeting, the market is very cautious. If the Fed signals an interest rate hike, this could put pressure on the Euro and push the pair lower. Looking at the chart, the trend seems to be shifting to a sideways move and possibly a decline. With support at 1.114, the pair will test resistance at 1.119. If it fails to break this resistance, the pair is likely to drop further. That’s my analysis, what do you think?
by Alisa_Rokosz
Gold approaches key upside hurdle ahead of US PCE InflationAfter hitting an all-time high, gold prices are losing momentum as buyers await the US September Core PCE Price Index, the Fed's favorite measure of inflation. Bulls may slow down, but are still in the game On Thursday, FOMC Chair Jerome Powell's reluctance to discuss monetary policy joined the market’s dovish bets on the US central bank to propel the Gold price, especially amid the rush for a haven amid uncertain markets. Technically, the bullish MACD signals add strength to the upside bias for the precious metal. However, the overbought RSI (14) and nearness to an upward-sloping resistance line from December 2023, close to $2,695 at the latest, challenge the bullion’s further advances. Technical levels to watch With the overbought RSI indicating a $2,695 hurdle for gold buyers, the $2,700 level serves as an additional barrier to monitor for better trading opportunities. Beyond that, a potential surge toward the 100% Fibonacci Extension (FE) of February-June moves, near $2,757, can’t be ruled out. Gold sellers should watch for a clear break below the four-month resistance line at $2,620. If this occurs, the 61.8% and 50% Fibonacci Extension levels around $2,578 and $2,522 could draw in bears. Key targets below $2,522 include $2,467 and $2,399. That said, a break below the convergence of the 200-SMA and a year-long support line at $2,288 could signal a trend change for traders. What next? A positive surprise from the US Core PCE Price Index could spark the anticipated pullback in gold prices. However, the dovish Fed stance and strong technical support may prevent XAUUSD bears from gaining control.
OANDA:XAUUSD
by MTradingGlobal
USD/JPY: Which trend is dominating?Hello, I’m Alisa. Today, let's analyze the movements of the USD/JPY pair together! Although the USD/JPY pair is maintaining stability around the 143.91 level, pressure on this pair may increase due to rising expectations that the Fed will implement a significant interest rate cut in November, combined with the Bank of Japan (BoJ) continuing to delay raising rates. From a technical chart analysis, the USD/JPY pair remains within a downward price channel. The price could drop to the support level of 143.190, and while there might be a slight rise, the price is likely to quickly adjust downward again upon facing resistance at 143.958. This is my analysis, what’s your opinion?
by Alisa_Rokosz
Weakening of the USD: Will EUR/USD continue its uptrend?Hello everyone, Alisa here! Today, let’s analyze the EUR/USD currency pair together! The weakening of the Greenback, amidst growing speculation about a significant rate cut by the U.S. Federal Reserve (Fed) in November, has strongly supported the EUR/USD pair, pushing it up to 1.1193. Looking at the technical chart, we can see that both the EMA 34 and EMA 89 have experienced a crossover, which is a positive sign that the uptrend may continue. Additionally, with support at 1.115, this pair could break through the resistance at 1.119 and continue to rise. However, if it fails to break this resistance level, the price may reverse back to the nearest support level. This is my opinion, what about you? Do you think this pair will rise or fall?
by Alisa_Rokosz
Gokul Agro-Volume breakout of ATHGokul agro has tested level of 150 multiple times in last couple of years. Stock has managed to break the level now with heavy volumes. Stock can be accumulated for big returns in future, more than 2x. Stock is available at decent valuations currently. However, stock comes under high risk category so safe investors should stay away. However, such breakouts normally bring explosive move in small cap stocks, given broader markets are supportive. Keep in watchlist for educational purposes.
NSE:GOKULAGROLong
by chartistamey
USDJPY: Bears have strong reasons to regain controlAs Yen traders return from a long weekend, the USDJPY is testing its recent dip from a five-week-old downward resistance line, influenced by a rebound in the US Dollar. It’s worth noting that the quote’s recovery in the last week benefited from positive signals from the RSI and MACD indicators, bouncing back from a nine-month horizontal support zone. Sellers keep the reins While USDJPY buyers are making their presence felt, a bearish RSI divergence and a moving average crossover, combined with the resistance line, keep sellers optimistic about potential downward moves. The 100-day Exponential Moving Average (EMA) has crossed below the 200-EMA, signaling a bearish trend. Additionally, the higher high on the indicator contrasts with the lower high in prices, reinforcing the bearish RSI divergence. Key technical levels to watch Sellers will gain confidence if USDJPY breaks below a seven-week horizontal support area around 141.70-80. However, the lows from December 2023 and September 2024 pose a challenge for bears at 140.20-139.60. If the pair drops below 139.60, it could test the mid-2023 low near 137.30. On the flip side, buyers will initially target the falling resistance line around 144.25. If successful, they may then aim for the monthly high and late August peak near 147.20 and 149.40, respectively. Additionally, the 150.00 level acts as an important barrier for any upward movement. Bulls face more challenges than bears Whether through technical signals or the differing monetary policies of the Bank of Japan (BoJ) and the US Federal Reserve (Fed), USDJPY sellers face a relatively smoother journey compared to buyers.
by MTradingGlobal
Aptus Value Housing Finance India Ltd. (Aptus) AnalysisFundamental Analysis: 1. Business Overview: Aptus Value Housing Finance is a fast-growing housing finance company catering primarily to the underserved markets in semi-urban and rural India. The company's focus is on affordable housing, providing home loans to self-employed and low-income individuals. Target Segment: Aptus focuses on first-time homebuyers, largely from the economically weaker sections and low-income groups, which helps tap into a growing market in India’s tier 2 and tier 3 cities. Loan Book: The company's loan book has been expanding steadily, driven by a focus on housing loans, which constitute over 50% of their portfolio. The rest comprises loans against property and small business loans. 2. Financial Performance: Revenue Growth: Aptus has shown robust revenue growth in recent years, driven by its expanding customer base and the rising demand for affordable housing. Net Interest Margin (NIM): Aptus has one of the best net interest margins (NIM) in the housing finance sector, supported by efficient cost management and a high-yield loan portfolio. Asset Quality: Aptus maintains strong asset quality, with a low non-performing asset (NPA) ratio. The company’s conservative approach to lending has helped in keeping bad loans under control. Return on Assets (ROA) and Return on Equity (ROE): Aptus boasts strong ROA and ROE ratios, making it attractive for investors seeking profitable companies in the housing finance sector. 3. Valuation: PE Ratio: Aptus trades at a relatively high PE ratio compared to some peers, reflecting strong investor confidence in the company’s growth prospects. Price to Book Value (P/BV): Its P/BV ratio suggests that the market expects high growth in the future, but it also hints at a premium valuation relative to some of its competitors. 4. Key Risks: Competition: Aptus operates in a highly competitive sector, with both banks and non-banking financial companies (NBFCs) vying for market share in the affordable housing space. Interest Rate Sensitivity: Rising interest rates could impact demand for housing loans, particularly in the lower-income segments. Economic Slowdown: Any slowdown in rural or semi-urban economies could impact the repayment capacity of borrowers, increasing the risk of higher NPAs. Technical Analysis: 1. Price Trends: Long-Term Trend: Aptus has been trading in an uptrend over the past year, showing strong performance since its IPO. The stock has consistently formed higher highs and higher lows, which are signs of a bullish market. Moving Averages: The stock is currently trading above both the 50-day and 200-day moving averages, indicating that the long-term trend remains positive. 2. Support and Resistance Levels: Support: Aptus has strong support around ₹270-280 levels, which has been tested multiple times and held firm, indicating strong buyer interest at those levels. Resistance: The stock is facing resistance near ₹380, where it has struggled to break through in recent weeks. 3. Indicators: Relative Strength Index (RSI): The RSI is currently around 60, indicating that the stock is in a moderately bullish zone but not yet overbought. This suggests there could be further room for an upside. MACD (Moving Average Convergence Divergence): The MACD is in positive territory, and the MACD line is above the signal line, further confirming bullish momentum. Bollinger Bands: The stock is trading near the upper Bollinger Band, which might indicate a short-term overbought condition, suggesting that a minor correction or consolidation could occur before the next leg up. Conclusion: Aptus Value Housing Finance presents a compelling investment opportunity for those looking at long-term growth in the affordable housing sector. Its strong fundamentals, including a growing loan book, solid margins, and healthy asset quality, make it an attractive player. However, its premium valuation and the competitive environment warrant cautious optimism. Technically, the stock is in a bullish phase, with strong support and room for potential upside, but investors should watch for resistance levels and any short-term pullbacks. Disclaimer: This analysis is for educational purposes and should not be considered investment advice. Always consult a financial advisor before making investment decisions.
NSE:APTUSLong
by Sanil1912
Devyani International Ltd. (DIL) Analysis: A Techno FundaFundamental Analysis: Devyani International Ltd. (DIL) is a leading player in the Indian food and beverage sector, operating well-known franchise brands such as Pizza Hut, KFC, and Costa Coffee. 1. Business Overview: DIL holds a strong portfolio with global QSR (Quick Service Restaurants) brands, leveraging its vast network across India and several international markets. Its franchise agreements provide the company access to world-class products and marketing strategies. This strategic positioning gives it a competitive edge in the growing QSR market. 2. Financial Performance: Revenue Growth: The company has shown consistent revenue growth over the past few years, driven by strong demand in the QSR space. FY23 reported solid sales, attributed to increased consumer spending post-pandemic and aggressive expansion strategies. Profitability: Operating margins have been improving, mainly due to cost optimizations and increasing average order values across delivery and dine-in. Debt Levels: DIL's debt has been manageable. The company focuses on reducing its debt-to-equity ratio, improving long-term financial health. Expansion Plans: The aggressive store addition strategy in both metro and tier-2/3 cities has expanded their market share, with over 1,200 stores across 27 states. Such growth potential is attractive for long-term investors. 3. Valuation: PE Ratio: The stock currently trades at a price-to-earnings (PE) ratio higher than the industry average, indicating investor confidence but also a need to deliver robust earnings in the future to justify its valuation. Earnings Per Share (EPS): EPS growth is promising, with strong potential for future earnings as the Indian QSR market expands. 4. Key Risks: Competition: Intense competition from domestic and international players could pressure margins. Inflation and Supply Chain Costs: Rising raw material prices could impact profitability. Franchise Risks: Dependence on franchising contracts for top brands makes it vulnerable to changes in agreement terms. Technical Analysis: 1. Price Trends: Long-Term Trend: The stock has been in an uptrend since its IPO, reflecting investor optimism. Moving Averages: The stock is trading above its 50-day and 200-day simple moving averages (SMA), indicating bullish momentum. Short-term pullbacks have been absorbed quickly by the market, suggesting strong support levels. 2. Support and Resistance Levels: Support: A key support level is found near ₹160, where the stock has historically bounced back. Resistance: A major resistance level is around ₹230, where the stock has faced selling pressure. 3. Indicators: Relative Strength Index (RSI): The RSI currently hovers around 60-65, signaling that the stock is not overbought but has some room for further upside. MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, further confirming the ongoing bullish momentum. Volume: The stock has shown increasing trading volume during upward moves, signaling strength in the trend. Conclusion: Devyani International Ltd. has strong fundamentals, backed by an aggressive expansion plan, solid revenue growth, and improving margins. Technically, the stock is in a bullish phase, but traders should watch for pullbacks near key resistance levels. For long-term investors, the stock's potential growth in the Indian QSR market makes it an attractive buy, but cautious monitoring of valuation and competition risks is essential. Disclaimer: This analysis is for educational purposes only. Always consult with a financial advisor before making any investment decisions.
NSE:DEVYANILong
by Sanil1912
Bitcoin: BTCUSD pierces 200-SMA, but buyers face challengesBitcoin (BTC) has climbed to its highest level in a month, crossing the important 200-day Simple Moving Average (SMA) early Monday. This rise continues a two-week upward trend, supported by a weaker US Dollar. However, traders are feeling cautious as they prepare for a big week ahead, which includes the preliminary PMIs for September, Federal Reserve (Fed) Chairman Jerome Powell’s speech and the Fed’s preferred inflation gauge. Bulls gain acceptance Despite hesitance due to upcoming data, Bitcoin buyers are gaining confidence after crossing the key moving average. Positive MACD signals, a strong RSI, and a successful rebound from a two-week rising support line are pushing back against bearish sentiment for the cryptocurrency pair. Key technical levels to watch As Bitcoin buyers gain strength, they must overcome a horizontal resistance zone around $65,100–$65,400. If they succeed, the next challenge will be a downward trend line from mid-March, currently near $68,500, before they can aim for the yearly high of about $73,800. Notably, the $70,000 and $72,000 levels will serve as additional hurdles. Conversely, sellers need to break below the 200-day moving average at around $63,900 to take control. However, they will face challenges at the rising support line near $61,000 and the psychological level of $60,000. If they manage to push lower, they might target $57,000 initially, followed by a monthly low of around $52,550. Poised for short-term strength With strong technical signals and a generally weaker US Dollar boosting trader confidence, Bitcoin (BTC) prices are expected to stay solid in the short term. However, a series of resistance levels may challenge the bulls along the way.
BITSTAMP:BTCUSD
by MTradingGlobal
Max Healthcare Institute Ltd - Breakout Setup, Move is ON...#MAXHEALTH trading above Resistance of 991 Next Resistance is at 1392 Support is at 721 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.
NSE:MAXHEALTHLong
by MandeepSinghKohli
Bikaji Foods International Ltd - Breakout Setup, Move is ON...#BIKAJI trading above Resistance of 815 Next Resistance is at 1135 Support is at 686 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.
NSE:BIKAJILong
by MandeepSinghKohli
PCBL Ltd - Breakout Setup, Move is ON...#PCBL trading above Resistance of 505 Next Resistance is at 588 Support is at 373 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.
NSE:PCBLLong
by MandeepSinghKohli
Magadh Sugar & Energy - Breakout Setup, Move is ON...#MAGADSUGAR trading above Resistance of 939 Next Resistance is at 1280 Support is at 595 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.
NSE:MAGADSUGARLong
by MandeepSinghKohli
Himadri Speciality Chemical Ltd - Breakout Setup, Move is ON...#HSCL trading above Resistance of 603 Next Resistance is at 786 Support is at 471 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.
NSE:HSCLLong
by MandeepSinghKohli