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Supreme Industries LtdThe chart for Supreme Industries Ltd suggests the formation of an Ascending Triangle, a bullish continuation pattern. The stock is trading near an upward-sloping support trendline, with resistance around ₹6,000, indicating consolidation before a potential breakout. The declining volume aligns with the pattern, and the RSI at 65 shows strength without being overbought, leaving room for further upside. A buy recommendation is suggested at current levels of ₹5,050 to ₹5,200 or on confirmation of a breakout above ₹6,000. The target price can be set at ₹8,000, calculated by adding the triangle’s height (₹2,000) to the breakout level. To manage risk, a stop-loss should be placed below ₹4,800. A breakout with strong volume will confirm the bullish trend and offer a favorable risk-reward setup.
NSE:SUPREMEIND
by Simplecharttraders
Kalyan JewellersThe chart for Kalyan Jewellers displays a classic Symmetrical Triangle pattern, which is a bullish continuation pattern. The price has formed converging trendlines, with lower highs and higher lows, indicating consolidation. Recently, the price has broken out above the upper trendline near ₹750, confirming bullish momentum, supported by a noticeable surge in volume. Traders can consider a buy recommendation at current levels, targeting ₹850, calculated by adding the height of the triangle (₹100) to the breakout level. To manage risk, a stop-loss should be placed below the lower trendline or recent swing low, around ₹720-₹730. With the RSI nearing overbought levels at 68, it's essential to monitor for signs of exhaustion, but the breakout suggests a favorable upside in the near term.
NSE:KALYANKJIL
by Simplecharttraders
Manappuram Finance Value Buy, Big cup pattern.Manappuram Finance recently got tumbled due to RBI ban on its microfinance arm ashirwad finance. But promoter of company has bought stock at 170 before it got happened, PE 6, PB of 1.2. Company is taking necessary precautions to lift ban of RBI. They are pioneer of good loans in INDIA. Currently this stock offers good margin of safety. The company has ROA of above 4% , however they are taking necessary actions to reduce NPA levels.
NSE:MANAPPURAMLong
by karankapooria10
Nifty Intraday Levels | 9-DEC-2024Nifty Options Scalping 1️⃣ Zones to Watch: 👉Green Zone: Institutional support 👉Red Zone: Institutional resistance 👉Gap: 100-200 points between zones 👉Zone Creation: Based on pivot points and Fibonacci 👉Chart: Use Nifty futures chart for reference 2️⃣ Trade Execution: 👉Order Flow: Triggers trades 👉Timeframes: 1-min & 5-min for scalping 👉Risk-Reward: 1:2 (Risk 1 to gain 2) 👉Strike Price: ATM or slightly ITM options 👉Position Sizing: Adjust to risk tolerance 3️⃣ Rules: 👉9:15 AM Sharp: Ready for market open 👉Risk Management: Top priority 👉Quick Trades: "Morning breakfast" scalps 👉Stop-Loss: 10 points #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏 FOLLOW for more content! 👍 LIKE if you found it useful! ✍️ COMMENT below with your thoughts and feedback
NSE:NIFTY1!
by ReviveTraders
ready for targets MONTE CARLOMonte Carlo Fashions Ltd., incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 1,892.11 Crore) operating in Apparels sector. Monte Carlo Fashions Ltd. key Products/Revenue Segments include Textiles and Other Operating Revenue for the year ending 31-Mar-2024. For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 228.87 Crore, up 71.72 % from last quarter Total Income of Rs 133.28 Crore and up 4.79 % from last year same quarter Total Income of Rs 218.40 Crore. Company has reported net profit after tax of Rs 8.04 Crore in latest quarter. The company’s top management includes Mr.Jawahar Lal Oswal, Mrs.Monica Oswal, Mr.Rishabh Oswal, Mrs.Ruchika Oswal, Mr.Sandeep Jain, Mr.Dinesh Gogna, Mr.Alok Kumar Misra, Mr.Manikant Prasad Singh, Dr.Manisha Gupta, Mr.Parvinder Singh Pruthi, Dr.Roshan Lal Behl, Dr.Suresh Kumar Singla, Dr.Anchal Kumar Jain, Mr.Bhuwanchandra Balkrishna Joshi, Dr.Yash Paul Sachdeva, Mr.Raj Kapoor Sharma, Mr.Ankur Gauba. Company has Deloitte Haskins & Sells as its auditors. As on 30-09-2024, the company has a total of 2.07 Crore shares outstanding. Monte Carlo Fashion Share Price Today is Rs. 951.60 as on 09 Dec, 2024, 12:26 PM IST. On previous day, the Monte Carlo Fashion Share Price (NSE) closed at Rs. 929.25, featuring among the most traded securities on the National Stock Exchange.
NSE:MONTECARLOLong
by TechnicalAnalystSucrit
Hi-Tech Pipes: Double Bottom Reversal & Strong Support Zone "Hi-Tech Pipes: Double Bottom Reversal – Strong Support Zone for Upside Move" Stock: Hi-Tech Pipes Ltd. Analysis: Hi-Tech Pipes has corrected from its recent highs but is now showing clear signs of reversal. The stock has formed a double bottom pattern, indicating potential upside from the current levels. Backed by increasing institutional interest and strong financials, the stock is poised for upward movement. Key Highlights: Promoter Activity: Promoters unpledged 0.12% shares, reducing pledged shares to 2.57% of total holdings. Promoter holdings reduced from 53.95% to 50.76% in Sep 2024 quarter. Institutional Confidence: FII/FPI Holdings: Increased significantly from 1.81% to 9.31%. Institutional Investors: Overall stake increased from 13.16% to 19.36%. Technical Setup: Double Bottom Formation: Indicates a potential reversal from the current strong support zone. CMP is ₹169, offering a favorable risk-reward ratio. Financials: The company has robust fundamentals, with analysts projecting targets of ₹192 and ₹208 in the short term. RSI looks strong and in buy zone Trade Plan: Entry: Near CMP ₹169 or on confirmation of breakout above ₹175. Targets: ₹192 (short-term), ₹208 (mid-term). Stop Loss: Below ₹160 to manage risks. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
NSE:HITECHLong
by ImranulHaqueNoor
LONG $NSE:BIRLAMONEY The stock has broken out on the weekly chart and it looks poised for a good run up. As the stock has already moved a lot today one can look to enter at dips between 100-105 and aggressive buyers can look to enter at CMP for targets of 128-142-162 on a positional basis with a stop loss below 90 on a weekly closing basis. NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT WITH THEIR FINANCIAL ADVISOR BEFORE TAKING ANY INVESTMENT DECISIONS.THIS IS ONLY FOR EDUCATIONAL AND LEARNING PURPOSES.
NSE:BIRLAMONEYLong
by longstocks
EXIDED INDUSTRIES (-elliott-wave-theory)We can again see in the stock of a EXIDE industry that the alien wave theory is being formed and here you will see inside the chart that from the price of ₹ 300 to the price of ₹ 400, big players have made activity entry, which is working like an export and here we can see inside the stocks that the N Sled pattern is being formed, we can see where the stocks have made corrections in time along with the price and when such a chart pattern is formed and there is a breakout in it, then we see the stock going up, so here we can get to see very good price projections in the long term and here also we can clearly see the elliott-wave-theoryry being formed, so this can also be a very good example of elliott-wave-theory, you can clearly see it being formed on the chart with time, this is not an investment idea, we are sharing it only for educational purpose that how the technical things work on the chart, but all these things will be possible then When good profits are seen in the balance sheet of the company, the sales of the company increase and the profits increase, then all these things can be seen as possible. The share price does not move only on technical illnesses. The profits of the company should increase, then all these things start appearing in the share price of the company. If you want to invest, take the advice of your financial advisor and invest only after that.
NSE:EXIDEINDLong
by MARKETSUPDATES