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Consolidation

Adani Stocks, Valuations, Volatility and ConsolidationAdani Stock are in limelight after Hindenburg research. Stocks have fallen heavily after the news and FPO had been withdrawn. Lets try to understand by combining Valuation fundamentals, Technical analysis and volatility. Also try to decode what usually happens after such wild moves. 1. Adani Stocks were on continuous rise after Covid drop 2. Valuations of some of Adani group stock reached sky high. PE multiples of some of the stocks are still above 100. 3. When stock makes top with extreme valuations there is chance of sharp correction. 4. There is no definite method to identify stock top yet from confluence of price action, volume and indicators one can identify them like Candlestick reversal pattern, Divergence on weekly or daily charts on MACD or RSI and abnormal selling volume are few to look out for. 5. Stock sharp correction is linked to volatility or Fear which can give wild moves on both up and down side 6. Volatility then gets contracted and stocks goes in long consolidation 7. It may make smaller new low but still for good amount of time it won't recover and hit fresh highs Similar example is IRCTC check image below to understand in which phase Adani stocks are Disclaimer: This is just educational analysis, readers shouldn't conclude this as ultimate truth and need to conduct their own studies. Stock markets are dynamic in nature as human emotions are involved. Anything and everything possible. Disclosure: Don't own IRCTC or any Adani stocks nor have any bad will against them.
NSE:ADANIENT
by Niftydirection
6
Symmetrical Consolidation in USDJPY.Hello Traders! 1. We have a symmetrical consolidation pattern in USDJPY on multiple tfs. 2. The consolidation appears to be more bullish than bearish. 3. PNL has been set for entry and stop levels. Stop levels may change in case stop level gets hit before the entry is done. 4. Always take a slight buffer when going towards buy side since there is pip difference in buy and sell prices. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
Long
by UnknownUnicorn27677748
This auto ancillary stock has broken out of consolidation!NSE:GNA GNA Axles is an established company in the automobile component space with wide variety of products for the 4-wheeler auto industry. Total revenue, net profit and earnings have been growing impressively for this company in last 12 months. EBITDA and Net margins are also on the growth trajectory. Promoter holding pattern is healthy, albeit with a little bit of pledging <~5%. On the leverage front, debt to equity ratio is good with more than sufficient interest coverage. Price hit a 52-week high breaking out of a consolidation base with heavy volumes. Relative to the benchmark index, price is showing good strength and in an uptrend. Source: tickertape.in, screener.in Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
NSE:GNALong
by UnknownUnicorn23435789
Swan Energy LimitedSWANENERGY:- The stock is trading in a narrow range from last 13 days, may go upside if it gives a breakout, till then keep an eye on it Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:SWANENERGYLong
by AjayDhakad_Keep_it_simple
AUTOAXLES - Breakout --> Consolidation --> Another BreakoutThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:AUTOAXLESLong
by TradewithAditya
Nifty Auto - Interesting Price FormationsNSE:CNXAUTO - Overview on all timeframes - MTF, WTF, DTF DTF its trading within ascending triangle. Expect price to consolidate WTF its taking long term support and might make double bottom as long s 12675 is held on weekly closing basis. Also showing signs of flag pattern formation but that will be only confirmed if 12675 is held. If thats broken, bullish bias would get negated MTF its taking long term support of 2020 support line and making HH formation. The only exception is that monthly candle is not looking good so far and thats cos Nov candle is a hanging man and price has been declining so far Bias on larger time frame remains bullish and only DTF, WTF, the prices may just remain sideways or consolidate within the ascending triangle which may not result in large moves. As an option buyer, I would remain mildly cautious on long trades and remain stock specific. Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is for my own records as well as what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results. - You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION. - It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance. - Before investing, conduct your own research and consult with a financial advisor. TIA!
NSE:CNXAUTO
by nerdywasabi
2
Confidence Petroleum Breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 45 (if you are a short-term trader) or RSI close below 30 (if you are a long-term investor (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since January 2022, NSE:CONFIPET has given a breakout today. Buy with a stop just below ₹74. (One can use the low of the previous bar/supertrend indicator/fixed percentage from the buy price as stop loss also) Strengths: - 1. Debt to equity at 0.25 (less than 1 is good), Interest Coverage at 7.55 (greater than 3 is good), Current Ratio at 2.49 (greater than 1.5 is good) 2. Debtor days have improved from 23.7 to 17.4 days 3. Promoter holding is continuously increasing since Dec'19 Weaknesses: - 1. Company has a low return on equity of 12.6% over last 3 years 2. Promoters have pledged 30.6% of their holding Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
NSE:CONFIPETLong
by akashbothra
Closely watching HDFC BANKNSE:HDFCBANK From this weekly chart of HDFC Bank we could see how the stock has been consolidating within the tight range of 1590 - 1650( yellow lines) The stock is just 6% - 7% away from its all-time high. So I will be watching this tight range ( expecting a breakout) considering support for bank nifty at the 42850 - 42700 level. Apart from technical aspects, it is important to closely watch the monetary policy for tomorrow. The market expects a 25 - 35 points hike. *Analysis is completely for educational purposes and not any kind of stock recommendation.
NSE:HDFCBANKLong
by RamRaju61968
Mold-Tek Technologies Breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since May 2022, NSE:MOLDTECH has given a breakout today. Buy with a stop just below ₹109. (One can use the low of the previous bar/supertrend indicator/fixed percentage from the buy price as stop loss also) Strengths: - 1. Quarterly sales growth is at 48% and quarterly profit growth is at 87% 2. Debt to equity at 0.08 (less than 1 is good), Interest Coverage at 49.6 (greater than 3 is good), Current Ratio at 3.81 (greater than 1.5 is good), FCF to CFO at 73.6% 3. Promoter holding has increased from 47.83% to 48.36% over the last quarter and FIl holding has increased from 0.01% to 0.17% over the last quarter 4. The company has been maintaining a healthy dividend payout of 45.9% Weaknesses: - 1. The company has delivered a poor sales growth of 8.76% over the past five years 2. Debtor days are high at 81 Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
NSE:MOLDTECHLong
by akashbothra
MFSL: Equally Poised in either directional movememtThe NSE:MFSL is showing the previous High High (point #3 in chart) or Higher Low (point #4 in the chart) as the range bounded movement. Potentially the move can happen in any direction. But quite likely it will be in upside only as the volume buildup is positive and increasing. Trade : Both sides ( green color price tags for Long, red color price tags for short ) BUY above 712, SL: 705, T: 715/718 SELL below 697, SL: 702, T: 692/689
NSE:MFSL
by pradipandsuvra
VIJAYA - Bullish Consolidation BreakoutNSE: VIJAYA is closing with a strong bullish consolidation breakout candle supported with volumes Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:VIJAYALong
by BrahmaBull31
Chembond Chemicals Breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since October 2021, NSE:CHEMBOND has given a breakout today. Buy with a stop just below ₹238. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also) Strengths: - 1. Quarterly sales growth is at 31% and quarterly profit growth is at 62% 2. Debt to equity at 0.02 (less than 1 is good), Interest Coverage at 25.2 (greater than 3 is good), Current Ratio at 3.13 (greater than 1.5 is good) 3. Debtor days have decreased from 111 to 94 4. Promoter holding has increased by 1.21% over the last quarter 5. Company has been maintaining a healthy dividend payout of 69% 6. Stock is trading at 1.20 times its book value Weaknesses: - 1. The company has delivered a poor sales growth of 3.74% over the past five years 2. Company has a low return on equity of 4.27% over the last 3 years Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
NSE:CHEMBONDLong
by akashbothra