CGPOWER - 4 Months Consolidation BreakoutCG Power & Industrial Solutions Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (November, 2023). Now It has given a Consolidation breakout & Closed above it's (November, 2023) High with good bullish momentum candle & with good volume in Weekly Time Frame.
3) The stock may find It's next resistance around the (price 620) in short term.
5) Recommendation - Since the market is quite weak Consider Buying it with tight Stop Loss.
Consolidation
FINPIPE - 8 Months Consolidation / All Time High BreakoutFinolex Industries Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (September, 2023). Now It has given a Consolidation breakout & Closed above it's Previous Life Time High with good bullish momentum candle & with huge volume in daily Time Frame.
3) The stock may find It's next resistance around the (price 300) in short term.
5) Recommendation - Strong Buy
Just A View - Consolidation Breakdown - KOTAKBANK📊 Script: KOTAKBANK
📊 Nifty50 Stock: YES
📊 Sector: Banks
📊 Industry: Banks - Private Sector
Key highlights: 💡⚡
📈 Script is giving Breakdown of consolidation on Monthly chart, we may see some more bearishness into the stock.
⏱️ C.M.P 📑💰- 1551
🟢 Target 🎯🏆 - 1479
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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JUSTDIAL - 3 Years Consolidation / 10 Years Downtrend BreakoutJUST DIAL LTD
1) Time Frame - Monthly.
2) The Stock has been in a Consolidation since (June, 2021) & in a downtrend since (August, 2014). Now It has given a Consolidation and Downtrend breakout & Closed above it's (June, 2021) High with good bullish momentum candle & with good volume in Monthly Time Frame.
3) The next resistance would be it's Life Time High (1894.40) in the long term.
5) Recommendation - Strong Buy
IOC NEAR CONSOLIDATION BREAK OUT IOC
Rally - Base - Rally price action
1.First Rally, then forming Base (Consolidation) & then again expected Rally after break out of the line of least resistance.
2. Close above previous day High(172.6)
3. Close above last week High(173.7)
4. High increase in 1 month (+5.4%)
5. High increase in 3 month (+20.5%)
6. High increase in 6 month (+103.4%)
7. High increase in 12 month (+117.1%)
8. Promoter holding 51.51%
9. Pledged percentage 0.00 %
10. Change in Prom Hold 0.00%
11. FII holding 8.49 %
12. Chg in FII Hold -0.35 %
13. DII holding 10.2 %
14. Chg in DII Hold 0.33 %
15. Stock PE 5.33
16. Industry PE 7.89
17. ROCE 8.09 %
18. ROE 7.17 %
For Educational Purpose Only
MOTILALOFS - 3 Months Consolidation / All Time High BreakoutMotilal Oswal Financial Services Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (January, 2024). Now It has given a Consolidation breakout & Closed above it's (January, 2024) Previous Life Time High with good bullish momentum candle & with huge volume in daily Time Frame.
3) The stock may find It's next resistance around the (price 2390) in short term
5) Recommendation - Strong Buy
Importance of time based stop lossNormally we see stop losses that are on the basis of price but i t is also important that we maintain a time based stop loss. Have a time period for stocks to see the performance, if it doesn't perform, sell and switch (you can always buy later!) to a better counter.
In this chart we can see NSE:KANSAINER has not given any returns since years. In fact on the date of posting, we are still at levels that were seen in June 2017. This share has been range-bound and has not triggered stop losses on longer time frames, however, the price correction (for whatever reason) has costed its investors (assuming they remained invested) a lot in terms of opportunity cost.
Hence, it is always advisable to have a time-based stop loss according to your system and appetite.
RVNL - Bullish Consolidation Breakout with VolumesNSE: RVNL is closing with a 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 moving along the horizontal support for the past few days which is indicating demand.
One can look for a 15% to 25% 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
JSW Infrastructure: Add for Portfolio during consolidationNSE:JSWINFRA is the fastest growing port-related infrastructure company in terms of growth in installed cargo handling capacity and cargo volumes handled during Fiscal 2021 to Fiscal 2023, and the 2nd largest commercial port operator in India in terms of cargo handling capacity in Fiscal 2023.
Their installed cargo handling capacity in India grew at a CAGR of 15.27% from 119.23 MTPA as of March 31, 2021 to 158.43 MTPA as of March 31, 2023. During the same period, their cargo volumes handled in India grew at a CAGR of 42.76% from 45.55 MMT to 92.83 MMT.
Technical Setup:
After a good initial rally and listing, JSW Infra is consolidating in a range. I believe levels of 230 will be held here without much issues. A new breakout above the previous all time high would mean that the stock can give much higher targets for the future. It is a portfolio grade stock for me given India's growth story. Hold for medium to long term.
Q3FY24 Highlights:
Financial Performance
• Notable year-on-year growth in cargo handling, with a 17% increase to 77.2 million tonnes for the nine-month period ending December 2023.
• Revenue for the nine months ended December 2023 stood at INR 2832 crores, reflecting an 18% growth year-on-year.
• EBITDA for the same period showed a 22% year-on-year increase.
Expansion and Acquisitions
• Acquisition of PNP Maritime Services and PNP Port, enhancing operational capabilities and expansion potential.
• Development of an all-weather deepwater greenfield port at Kenney, Karnataka, with an estimated project cost of INR 4119 crores and an initial capacity of 30 million tonnes per annum.
Operational Efficiency and Safety
• Jaigarh Port was awarded a five-star rating by the British Safety Council, underscoring JSW Infrastructure's commitment to maintaining the highest safety standards.
Future Growth Plans
• Focus on increasing third-party cargo handling to 40% in the near term.
• Continued pursuit of organic and inorganic growth opportunities to capitalize on India's infrastructure development momentum.
MAPMYINDIA - Bullish Consolidation Breakout with VolumesNSE: MAPMYINDIA is closing with a 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 moving along the horizontal support for the past few days which is indicating demand.
One can look for a 12% to 20% 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
Kaveri Seeds Monthly ConsolidationNSE:KSCL has given a proper consolidation on monthly chart structure. A stop loss at 620-650 on monthly levels should do well. Kaveri Seeds can be added for a longer term as the consolidation is on a very big time frame. targets normally for such charts are 5x-10x in ~5 years if breakouts can come with sustained momentum.
PURVANKARA - 3 Months Consolidation BreakoutPuravankara Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (January, 2024). Now It has given a Consolidation breakout & Closed above it's (January, 2024) High with good bullish momentum candle & with huge volume in daily Time Frame.
3) The stock may find It's next resistance around the (price 353) in short term
5) Recommendation - Strong Buy
Potential Trading Opportunity in UPLUPL , is a stock that has been on a downward trend for quite some time. It has been consolidating for the past few days and is also forming a triangular pattern.
Entry is recommended strictly upon closing above 478 , However, it might find support between 454-457 . If that happens, a slightly early entry with a risky stop-loss could be considered, but this approach is only recommended for risk-tolerant traders.
This is just an observation shared, and no specific advice is being provided.
SOLARA ACTIVE PHARMA - Bullish Momentum with VolumesNSE: SOLARA is closing with a bullish momentum 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 moving along the horizontal support for the past few days which is indicating demand.
One can look for a 9% to 15% 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