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Consolidation

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
RALLIS - Bullish BreakoutNSE: RALLIS is closing with a strong bullish 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:RALLISLong
by BrahmaBull31
Revathi Equipment 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 April 2017, NSE:REVATHI has given a breakout on 18th November 2022. Buy with a stop just below ₹975. (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. TTM Sales growth is at 60%, TTM Profit growth is at 333%, quarterly sales growth is at 138% and quarterly profit growth is at 153% 2. Debt to equity at 0.15(less than 1 is good), Interest Coverage at 5.17(greater than 3 is good), Current Ratio at 1.81(greater than 1.5 is good), FCF to CFO at 82% 3. Debtor days have decreased from 144 to 81 4. FII stake increased from 0.00 to 0.03 in Sep'22 Weaknesses: - 1. The company has delivered a poor sales growth of -2.77% over past five years. 2. Company has a low return on equity of 5.37% over 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.
RLong
by akashbothra
ZOMATO --CONSOLIDATION BREAKOUTZOMATO --DAILY CHART SETUP- CONSOLIDATION BERAKOUT 1. ZOMATO seen trade at lower channel previously, bottom formation seen around 40 odd level . 2. Lower channel breakout seen above 60 level and stock consolidate 60 to 70 level, in last few weeks . 3. triangle pattern breakout as well as consolidation breakout seen last trading session with huge volume above 65-72 level . and stock close above 72 level last trading session, indicate stock ready to move upword from consolidation phase . 4. trix crossover seen from center line ( 0 line ) is also strong bullish indicator. 5. one can initiate BUY above 70 level for target 75-80-85-90 short to mid term, stop loss can place bellow consolidation support at 59 THIS IDEA IS FOR EDUCATIONAL PURPOSE ..! TRADE AT OWN RISK . HAPPY TRADING ,!!
NSE:ZOMATOLong
by champtrade111
KENNAMET - Bullish Consolidation BreakoutNSE: KENNAMET is closing with a strong bullish 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 and moving along the trendline 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.
KLong
by BrahmaBull31
BSL Ltd 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 April 2022, NSE:BSL has given a breakout today. Buy with a stop just below ₹144. (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. on 21st October, credit rating agency Brickwork Ratings has said in its credit rating report, "Brickwork Ratings (BWR) has reaffirmed the long-term rating at BWR BBB+ and the short-term rating reaffirmed at BWR A2 for the bank loan facilities of BSL Limited (BSL or the company). The rating reaffirmation continues to factor in the extensive experience of the management, established position of the company as an integrated textile player in India on account of being part of LNJ Bhilwara group, established brand in domestic and exports market, improved scale of operations and decent order book position, comfortable debt protection metrics, besides improved profit margins in FY22.(please go through the credit rating report for better understanding) 2. The co markets its products under the brands BSL Suitings, Linfab, Belfast and Geoffrey Hammonds. The domestic business is being completely revamped with the introduction of a new direct to retail brand ‘Geoffrey Hammonds - INSIGNIA’. The existing two brands named Geoffrey Hammonds & BSL are also being revamped with extensive expansion of network. 3. During FY22, the co plans to modernize its PV Spinning Division by replacing old imported Ring Frames with new generation of LMW Ring Frames. It also plans to make the Vortex Spinning division more versatile. It is also proposed to add some Modernizing Machines in the Spinning & Processing Division. Weaknesses: - 1. The company has delivered a poor sales growth of -0.18% over past five years 2. Company has a low return on equity of 6.08% over last 3 years 3. Debtor days are high at 75 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:BSLLong
by akashbothra
MANAPPURAM - Consolidation BreakoutNSE: MANAPPURAM is closing with a strong bullish 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 and moving along the trendline which is indicating demand. One can look for a 8% to 13% 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:MANAPPURAMLong
by BrahmaBull31
Accumulation by DII's in KIMSHello everyone! After listing in June'21, KIMS has not move anywhere and is consolidating in a very small range since then. Recently on chart stock is looking strong as it is trading near its high from past 1 month forming a Cup & Handle pattern ready to breakout. Now look at the DII & General Public holding pattern mentioned on the chart. We can see that DII has only 16% holding when stock was listed but since then every quarter there is an increase in their holding and decrease in general public holding confirming past 1 year consolidation as accumulation. Both Technical and holding pattern data is indicating towards a coming upward rally in the stock. Thanks!
NSE:KIMSLong
by sudhanshu_raaz
NDR Auto Components 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 January 2022, NSE:NDRAUTO has given a breakout on Friday. Buy with a stop just below ₹460. (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 43% and quarterly profit growth is at 71% (June quarter) 2. Debt to equity at 0.07(less than 1 is good), Interest Coverage at 23.8(greater than 3 is good), Current Ratio at 2.67(greater than 1.5 is good) 3. Debtor days have decreased from 99 to 48 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:NDRAUTOLong
by akashbothra
Britannia Industries 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 September 2021, NSE:BRITANNIA has given a breakout today. Buy with a stop just below ₹3800. (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 21% and quarterly profit growth is at 28% 2. 10 year and 5 year average ROE more than 20% 3. Interest Coverage at 13.8 (greater than 3 is good) and FCF to CFO at 73% 4. Dividend yield at 1.37% (consistent dividend payer since 2011) Weaknesses: - 1. Stock is trading at 48.9 times of its book value 2. The company has delivered a poor sales growth of 9.32% over the past five years. 3. Borrowings increased to 3038 Cr in March 2022 from 2481 Cr in March 2021 4. Debt to equity at 1.49 (greater than 1 is not good) 5. On 16th August the credit rating agency ICRA revised its outlook from stable to negative. It has said in its credit rating report, "The revision in the outlook on the long-term rating of Britannia Industries Limited (BIL or the company) reflects the gradual weakening in the liquidity position of the company primarily on account of higher dividend pay-outs over the last three years, issue of bonus debentures to the shareholders and an increase in short-term borrowings (please go through the credit rating report for better understanding) 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:BRITANNIALong
by akashbothra