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Consolidation

A Bullish Breakout Analysis of Alkyl AmineAlkyl Amine stock has recently exhibited a noteworthy price action following a consolidation phase that extended beyond 1,000 days. The stock has successfully retested a pivotal support level and demonstrated a robust bounce, closing above this key level, accompanied by a significant surge in buying volume. This development is indicative of a potential shift in the trend towards a bullish posture. From an Elliott Wave analysis perspective, the stock appears to be in the early stages of a wave pattern. This observation aligns with the bounce occurring at the 61.8% Fibonacci retracement level from the most recent higher high, suggesting a critical change in momentum. Further validating the bullish outlook, momentum indicators such as the RSI and the MACD are showing favourable signals on both the daily and weekly timeframes, reinforcing the likelihood of upward price movement. In terms of potential price levels, the current-demand zone is identified between 2305 and 2349 . Should the stock succeed in closing above the initial resistance level at 2484 , the next resistance levels to monitor would be at 2848 , 3162 , and ultimately 3526 . Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making any investment decisions.
Editors' picks
NSE:ALKYLAMINELong
by NiftyNotions
6
bandhan bank a consolidation under breakout will it succeed ?Bandhan Bank Ltd. is an interesting chart to keep on radar 1. Price formed base in its 6 month long consolidation 2. BAT pattern under formation on weekly chart 3. Narrowing Bollinger Bands on daily and weekly chart 4. Price getting ready to breakout of its consolidation and walk on upper Bollinger bands on daily chart 5. Minor resistance near 208-210 zone Will it breakout and reach point 'D' ? or Will it continue its consolidation ? Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:BANDHANBNKLong
by rajivrajeev
TATACOMM WILL IT BREAKOUT OR WILL IT STILL CONSOLIDATE ?Tata Communications Ltd. an interesting chart in consolidation to keep on radar 1. RSI on all time frames (D/W/M) above 60 2. Narrowing Bollinger Bands on Weekly chart 3. Price can breakout of 15 month's long consolidation 4. ABCD pattern under formation on weekly chart WILL IT CONTINUE TO CONSOLIDATE OR WILL IT BREAKOUT LETS SEE HOW IT EVOLVES. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:TATACOMMLong
by rajivrajeev
M&MFIN A BREAKOUT - WILL IT SUSTAIN OR WILL IT FIZZLE OUT ?Mahindra & Mahindra Financial Services Ltd. is an interesting consolidation breakout with following 1. RSI on all time frames (D/W/M) above 60 2. ABCD pattern under formation on Monthly chart 3. Major 20 Week SMA support near 290 4. Breakout of 16 months consolidation between 250-325 zone Will it sustain or will it Fizzle out ? Lets See How it evolves. Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:M_MFINLong
by rajivrajeev
VEDL : A CONSOLIDATION WILL IT BREAKOUT OR WILL IT FIZZLE OUTVedanta Ltd. an interesting consolidation to keep on radar 1. RSI on all time frames (Daily, Weekly, Monthly) above 60 2. Narrowing Bollinger Bands on Weekly charts 3. ABCD Pattern under formation in weekly chart 4. Major 20 Day / week SMA support at 425-440 zone A Breakout in making will it succeed or will it fizzle out Lets See How it evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:VEDLLong
by rajivrajeev
AMI ORGANIC A BREAKOUT WILL IT SUSTAIN OR FIZZLE OUT ?AMI Organics Ltd. is an interesting breakout 1. RSI on all time frames above 60 2. Narrowing Bollinger Bands on Weekly chart with Price walking on upper band A BREAKOUT Will it sustain or Will it Fizzle out ? lets see How it evolves. Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:AMIORGLong
by rajivrajeev
JUBLPHARMA - 6 Years -Consolidation breakout - WklyJUBLPHARMA - Price consolidated 6 years and gave breakout with very good volume. Good setup to enter if it retest the breakout around 1000 levels. Name - JUBLPHARMA Pattern - Consolidation Breakout Timeframe - Daily Volume - Very Good volume Cmp - 1191 Target - 1836 SL - 976 Here’s a summary of Jubilant Pharmova Ltd’s Q1 FY25 results: Financial Highlights Net Profit: Jubilant Pharmova reported a net profit of INR 482.10 crore, a substantial increase from INR 6.40 crore in the same quarter last year1. Revenue: The total revenue for the quarter was INR 1,731.70 crore, up by 9.12% YoY1. Operating Profit: Operating profit surged to INR 556.70 crore, a remarkable 596.75% increase YoY1. Operational Highlights Operating Margin: The operating margin improved significantly to 32.15%, up by 538.49% YoY1. Expenses: Total operating expenses decreased by 33.13% QoQ to INR 1,175 crore1. Comparative Performance Quarter-over-Quarter: Compared to the previous quarter, revenue grew by 3.2%, and net profit increased by 5.6%1. Outlook The strong performance in Q1 indicates a positive trend for the rest of the fiscal year, driven by robust revenue growth and improved operational efficiency.
NSE:JUBLPHARMALong
by VCharts_TA
SBICARD - WILL IT RETEST ITS BREAKOUT OR NOT ?SBI Cards And Payment Services Ltd. an interesting chart with Harmonic Pattern under progress 1. Narrowing Bollinger Bands on Weekly chart and price started moving on upper band last week 2. Break out from base formation after 8-9 month's consolidation within 680 - 750 levels. 3. Daily and Weekly RSI above 60 4. Next minor resistance between 830-870 zones A chart to keen on radar and to watch Will it RETEST its breakout levels or Will it complete its pattern journey without any RETEST Lets see How it evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:SBICARDLong
by rajivrajeev
TILAKNAGAR INDUSTRIES- 3 MHTS BREAKOUT WILL IT SUSTAIN ?Tilaknagar Industries Ltd. is an interesting Breakout on weekly chart to keep in radar 1. RSI in all time frames above 60 2. Price rise with huge volume 3. Three months long consolidation breakout 4. ABCD pattern under formation on weekly chart FUNDAMENTALLY Company has reduced debt. Company has delivered good profit growth of 23.5% CAGR over last 5 years Company has a good return on equity (ROE) track record: 3 Years ROE 27.2% will this breakout Sustain ? or Will it fizzle out and continue its consolidation ? Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:TILong
by rajivrajeev
IOC: An interesting consolidation since jan24 will it breakout?Indian Oil Corporation Ltd. an interesting chart under price consolidation and an interesting chart to keep on radar. 1. RSI on all time frames above 60 2. Narrowing Bollinger Bands on weekly chart 3. Price Consolidating in zone of 147-189 since jan-2024 4. Major Price support near 164-170 zones Will it breakout ? or Will it fizzle out ? or will it continue its consolidation in Sep also ? Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:IOCLong
by rajivrajeev
SHYAM METALICS - CONSOLIDATION BREAKOUT ON RADARRSI on all time frames above 60 Breakout with volume Narrowing Bollinger Bands on weekly charts Long consolidation breakout after a trending move Breakout supported by strong volume Major support near 660-710 zone Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:SHYAMMETLLong
by rajivrajeev
PLASTIBLEN - A CONSOLIDATION BREAKOUT WILL IT SUSTAIN OR FIZZLE RSI on all time frames above 60 Price breakout with high volume ABCD pattern under formation on weekly charts Narrowing Bollinger Bands on weekly and daily charts Price moving on upper Band Major support 282- 308 zone Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:PLASTIBLENLong
by rajivrajeev