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Consolidation

PRAJIND - Consolidation BreakoutNSE: PRAJIND is closing with an strong bullish momentum candle supported with high 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.
NSE:PRAJINDLong
by BrahmaBull31
Intraday Consolidation Breakout ExplainedOK let's get started , A Day Trading (Intraday) Consolidation Breakout Indication Strategy that explains time condition for Indian Markets . The commission is also included in the strategy . The basic idea is , 1) Price crosses above upper band , indicated by a color change (green) is the Long condition 2) Price crosses below lower band , indicated by a color change (red) is the Short condition 3) ATR is used for trailing after entry // ═══════════════════════════════// // ————————> TIME CONDITION <————————— // // ═══════════════════════════════// The Indian Markets open at 9:15am and closes at 3:30pm. The time_condition specifies the time at which Entries should happen . "Close All" function closes all the trades at 2:57pm. All open trades get closed at 2:57pm , because some brokers dont allow you to place fresh intraday orders after 3pm . NSE:NIFTY1! // ═══════════════════════════════════════════════ // // ————————> BACKTEST RESULTS ( 114 CLOSED TRADES )<————————— // // ═══════════════════════════════════════════════ // LENGTH , MULT (factor) and ATR can be changed for better backtest results . The strategy applied to NIFTY ( 3 min Time-Frame and contract size 5) gives us 60% profitability , as shown below It was tested for a period a 8 months with a Profit Factor of 2.2 , avg Trade of 6000Rs profit Sharpe Ratio : 0.67 The graph has a Linear Curve with consistent profits. NSE:NIFTY1! // ═════════════════════════// // ————————> INPUTS <————————— // // ═════════════════════════// For the Back-Tested results : LENGTH ————————> 30 MULT_STDEV ——————> 3 ATR TRAIL ————————> 2 Save it favorites. Apply it to your charts Now !! Thank me later ;)
NSE:NIFTY1!Education
by The_Algo_Engineer
LONG- GRANULES 1D TFGRANULES INDIA is forming flag and pole pattern and now gave the breakout from the flag with good volume on 1D TF. Pole formed from March 2020 to Nov 2020, and since then it is consolidating in the flag portion till SEP 2020. Recently after consolidating at top of flag resistance for 80+ days (50+ bars) it has given breakout on 30th SEP 2022 with good volume. If market doesn't falls aggresively in next fews days, this can be a good swing trade. Target- 395, 437, 540 SL- 295
NSE:GRANULESLong
by psc12
1
SUNPHARMA - Bullish Consolidation - Volume SpikeNSE: SUNPHARMA is closing with an bullish consolidation candle supported with high 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 11% 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:SUNPHARMALong
by BrahmaBull31
BULLISH on TTKPRESTIGNSE:TTKPRESTIG The prices have given a breakout from the consolidation pattern. It was an accumulation phase. The prices are trading above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. This view is for 1 to 6 months. The Target and SL are given on charts. I will update about them in future. Disclaimer : This is only my view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
NSE:TTKPRESTIGLong
by Kunal-Battu
RHI Magnesita 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 18th April 2022, NSE:RHIM has given a breakout today. Buy with a stop just below ₹608. (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 38%, TTM Profit growth is at 78%, quarterly sales growth is at 40% and quarterly profit growth is at 64% 2. 10 year and 5-year average ROE more than 15% 3. Debt to equity at 0.06(less than 1 is good), Interest Coverage at 738(greater than 3 is good), Current Ratio at 2.20(greater than 1.5 is good), FCF to CFO at 56% 4. The company has been maintaining a healthy dividend payout of 19.7% 5. The company has delivered good profit growth of 31.2% CAGR over the last 5 years 6. FIIs have been increasing their stake since December 2021 (from 0.38 to 2.20 in June 2022) Weaknesses: - 1. Stock is trading at 10.9 times its book value 2. Debtor days is high at 90 days 3. Borrowings increased to 1011 Cr in March 2022 from 789 Cr in March 2021 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.
BSE:RHIMLong
by akashbothra
Bharat Gears 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 November 2021, NSE:BHARATGEAR has given a breakout today. Support around ₹165. Strengths: - 1. TTM Sales growth is at 21% and TTM Profit growth is at 78% 2. The company has delivered good profit growth of 78.3% CAGR over the last 5 years 3. Record Date for Bonus Issue (in the ratio of 1:2) of Equity Shares of the Company is September 28,2022 4. CRISIL Ratings had on 19th May 2022, upgraded its rating on the long-term bank loan facilities of the company(please go through the credit rating report for better understanding) Weaknesses: - 1. Company has a low return on equity of -1.40% for last 3 years 2. June quarter OPM dropped to 6.65% from 10.77% a year ago 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 advices from your advisors before jumping in.
NSE:BHARATGEARLong
by akashbothra
Vinyl Chemical Breakout 1. 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:VINYLINDIA has given a breakout today. Buy with a stop just below ₹291. Vinyl Chemicals (India) Limited, a Parekh Group Company, is engaged in the business of trading in Chemicals mainly Vinyl Acetate Monomer (VAM), which is imported/sourced from various global suppliers and distributed in India. Strengths: - 1. TTM Sales growth is at 114% and TTM Profit growth is at 199%. 2. 10 year and 5 year average ROE more than 20%. 3. Debt to equity at 0.01 (less than 1 is good), Interest Coverage at 266 (greater than 3 is good), FCF to CFO at 100%. 4. Dividend yield at 1.55% (consistent dividend payer since 2011). 5. FIIs increased stake from 0.07 in December 2021 to 0.42 in June 2022. 7. ADX > 29 on daily chart Weaknesses: - 1. March quarter sales growth was at -27% 2. Stock is trading at 6.37 times of its book value 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 advices from your advisors before jumping in.
NSE:VINYLINDIALong
by akashbothra
Arvind SmartSpaces 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 November 2021, NSE:ARVSMART has given a breakout today. Buy with a stop just below ₹220. (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 124% and quarterly profit growth is at 219%, TTM sales growth is at 75% and TTM profit growth is at 86% 2. Debt to equity at 0.07(less than 1 is good), Interest Coverage at 4.66(greater than 3 is good), Current Ratio at 1.59(greater than 1.5 is good) 3. India Ratings and Research (Ind-Ra) has upgraded Arvind SmartSpaces Limited’s (ASSL) Long-Term Issuer Rating to ‘IND A’ from ‘IND A-’. The Outlook is Positive. Weaknesses: - 1. Stock is trading at 2.57 times its book value 2. The company has delivered a poor sales growth of 10% over the past five years 3. The company has a low return on equity of 8% for the last 3 years 4. Promoter holding has decreased over the last 3 years: -5.58% 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:ARVSMARTLong
by akashbothra
Sirca Paints 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 December 2021, NSE:SIRCA has given a breakout today. Buy with a stop just below ₹580. (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. Quarter sales growth is at 90% and quarter profit growth is at 428%, TTM sales growth is at 40% and TTM profit growth is at 90% 2. 5-year average ROE at 15% 3. Debt to equity at 0.00(less than 1 is good), Interest Coverage at 841(greater than 3 is good), Current Ratio at 5.51(greater than 1.5 is good) 4. The company has been maintaining a healthy dividend payout of 20.3% 5. Debtor days have improved from 107 to 85.0 days 6. The company's median sales growth has been 15.5% in the last 10 years Weaknesses: - 1. Stock is trading at 7.67 times its book value 2. The company has a low return on equity of 11.9% for 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 advices from your advisors before jumping in.
NSE:SIRCALong
by akashbothra
Triveni Turbine Breakout 1. 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 November 2021, NSE:TRITURBINE has given a breakout today. Buy with a stop just below ₹215. (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. 10 year and 5 year average ROE more than 15% 2. Debt to equity at 0.00(less than 1 is good), Interest Coverage at 173(greater than 3 is good), FCF to CFO at 79% 3. Dividend yield at 0.56% (consistent dividend payer since 2012 except in the year 2019) 4. FIIs have been increasing their stake since Dec'2019 Weaknesses: - 1. Stock is trading at 9.04 times its book value 2. The company has delivered a poor sales growth of 2.74% over the past five years 3. Earnings include an other income of Rs.230 Cr 4. DIIs have been decreasing their stake since Sep'2021 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 advices from your advisors before jumping in.
NSE:TRITURBINELong
by akashbothra
D-Link India 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:DLINKINDIA has given a breakout today. Support around ₹160. Strengths: - 1. Debt to equity at 0.01(less than 1 is good), Interest Coverage at 186(greater than 3 is good), Current Ratio at 1.81(greater than 1.5 is good), FCF to CFO at 96% 2. Company has been maintaining a healthy dividend payout of 21.2% 3. CRISIL Ratings has reaffirmed its rating on the long-term bank facility of D-Link India Limited (D-Link) on 27th June 2022(please go through the credit rating report for better understanding) Weaknesses: - 1. The company has delivered a poor sales growth of 5.63% over the past five years 2. The company has a low return on equity of 13.7% for the last 3 years 3. Debtor days are high at 93 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 advices from your advisors before jumping in.
NSE:DLINKINDIALong
by akashbothra
Asahi India Glass Breakout 1. 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:ASAHIINDIA has given a breakout today. Buy with a stop just below ₹555. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also)
NSE:ASAHIINDIALong
by akashbothra