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Consolidation

HFCL-An investing stock for open targets!HFCL Ltd (Himachal Futuristic Communications Limited) is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high end telecom equipment, Optical Fiber and Optic Fiber Cable . (Source:-Screener) With growing 5G and Gigafiber demands, HFCL has a big future ahead and chart suggests the same. Stock had given 20 year consolidation breakout back in 2021 but since then, stock formed a flag for 2 years which further would have frustrated its old investors. However, last couple of months have been phenomenal for the investors as stock finally managed to break the flag and given weekly closing above the psychological resistance of 100. Definitely a long term buy for investing at dips(till 80) with monthly support near 65.
NSE:HFCLLong
by chartistamey
2
ALLSEC / Allsec Technologies - PREVIOUS ALL TIME HIGH BREAKOUTALLSEC 1) Time Frame - Weekly and Monthly. 2) Stock hit the previous Life time high 747.90 on 2022, January and Now the stock has broken It's Life time high 747.90 with huge volume & strong bullish candle in weekly and closed at It's All TIme High. 3) Option 1 - With the strong weekly close in All Time High, Buy at this current level. Option 2 - Wait for the strong bullish Monthly candle's close with huge volume above the price 747.90. 4) Recommendation - Strong Buy
ALong
by SHRIHARII
Multi year Consolidation breakout seen in PTC indiaHello Guy's, i have brought another analysis on stock which has given a proper multi year breakout on chart. Let's analyse and will see if we can do anything from this stock.. Well guy's Now a days all government stock is making new highs due to Chandrayan limelight and some government recent events..This Ptc Stock has given a huge breakout on monthly timeframe. it has given breakout almost more than 12 years and volumes are supporting the breakout. A trade can be executed with small stop loss in it. Important levels for PTC India Buy in the range of 127-132 Keep stop loss at 116 Targets we can see in upside 150/169/213 Price is above 200 EMA We have seen Proper Neat & Clean Multi year Breakout on Monthly timeframe. with Good Volume Price is sustaining above breakout trendline levels MACD and RSI has given bullish crossover (I have not placed any of indicators which i have discussed above except Volume indicator as i want chart neat and clean but i have analysed all already) Now focus on stock background PTC India Limited was established in 1999 by the Government of India as a Public-Private Initiative and is in the power trading business. It is promoted by Power Grid Corporation of India Limited (PGCIL), NTPC Limited (NTPC), Power Finance Corporation Limited (PFC) and NHPC Limited (NHPC) Market Cap ₹ 3,876 Cr. Current Price ₹ 131 High / Low ₹ 132 / 67.5 Stock P/E 8.46 Book Value ₹ 170 Dividend Yield 5.96 % ROCE 9.82 % ROE 9.15 % Face Value ₹ 10.0 Debt ₹ 6,546 Cr. EPS ₹ 15.5 PEG Ratio 0.38 Promoter holding 16.2 % Intrinsic Value ₹ 165 Pledged percentage 0.00 % EVEBITDA 6.19 PROS Company has reduced debt. Stock is trading at 0.77 times its book value Stock is providing a good dividend yield of 5.96%. Company has been maintaining a healthy dividend payout of 49.0% Company's working capital requirements have reduced from 87.9 days to 63.2 days CONS The company has delivered a poor sales growth of 4.58% over past five years. Promoter holding is low: 16.2% Company has a low return on equity of 10.3% over last 3 years. Company might be capitalizing the interest cost Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:PTCLong
by TraderRahulPal
2
Falling Trendline Breakout & Double Bottom Pattern in VoltasHello Traders, i have brought another analysis on a pattern breakout which called (Falling Trendline Breakout & Double Bottom Pattern Breakout). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this next time, at least you guy's will be able to trade. So Let's start:- Q:- What is Double Bottom? Rahul:- It is a Bullish reversal pattern that appears after a defined downtrend and signifies a meaningful reversal on completion of the pattern. This Pattern is easy to spot on chart. It resembles with English letter "W". This pattern shows that sellers have lost the battle and the price is likely to go up from here on. Now, a long entry could be taken once the price breaks the neckline o the upside, but guy's here we have not seen proper neckline breakout, But still momentum is bullish from here, so in the anticipation of neckline break, we have taken our best entry in the range of 880-850, and we have kept our stop loss at 778. Guy's so this was the Double bottom pattern setup. So if you see this type of pattern in any stock you can trade now accordingly. So now let's focus about company background. Voltas is engaged in the business of air conditioning, refrigeration, electro - mechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore) and engineering product services for mining, water management and treatment, construction equipments and textile industry. Market Cap ₹ 28,789 Cr. Current Price ₹ 870 High / Low ₹ 994 / 737 Stock P/E 87.1 Book Value ₹ 165 Dividend Yield 0.49 % ROCE 9.74 % ROE 4.42 % Face Value ₹ 1.00 Debt ₹ 651 Cr. EPS ₹ 4.70 PEG Ratio -5.52 Promoter holding 30.3 % Intrinsic Value ₹ 126 Pledged percentage 0.00 % EVEBITDA 42.8 Important levels for Voltas Ltd. Buy in between 880-850. Targets we can see 1047/1332/1460+ Keep Stop loss at 778 Price is above 200 EMA( Even we got Breakout of 200 EMA on friday session). We have seen Proper Breakout of Falling Trendline Pattern and Double bottom also. Price is sustaining above breakout trendline. MACD and RSI has given bullish crossover (I have not placed RSI here as i want chart neat and clean but i have analysed already) Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:VOLTASLong
by TraderRahulPal
8
GLENMARK LIFE SCIENCE LTD / GLS - 6 months Consolidation B/OGLENMARK LIFE SCIENCE LTD / GLS - 6 months Consolidation Breakout. 1) Time Frame - Weekly. 2) 6 months of consolidation broken in Daily Time frame With Huge Volume. 3) Stock will find a resistance around the price 799 (Previous All Time High). 4) Recommendation - Quite risky to enter with daily time frame but still it is a Good buy / one can buy after the weekly candle's close as same as today in Daily Time Frame.
NSE:GLSLong
by SHRIHARII
PNCINFRA - Bullish Consolidation Breakout with volumesNSE: PNCINFRA 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 11% to 17% 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
NSE:PNCINFRALong
by BrahmaBull31