Coromandel bullish Tgt 1300-1360-1450 28/04/24Coromandel International Ltd. is another interesting stock
1. price rise with huge volume
2. major Support 1100 to 1125 zone
lets see how it evolves
Disclaimer: 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.
Contains IO script
Mukund ltd 28/04/24 TGT 205-215-240Mukand Ltd. a Bajaj Group company is an interesting stock to keep under radar with following
FUNDAMENTALS
1. Company has reduced debt.
2. Debtor days have improved from 46.1 to 30.4 days.
3. Company's working capital requirements have reduced from 143 days to 101 days
Techincals.
1. RSI on daily and Monthly above 60
2. ABCD Pattern under formation on weekly chart
3. Big Green Marubozu candles on weekly / daily charts supported by large and rising volume
4. Super trend turned bullish on weekly chart
Good Risk reward with buy and buy on dips with major support near 165-175 zone and for next resistance near 205-215-240 zones
Lets see how it evovles
Disclaimer: 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.
Westlife bullish tgt 950-1040Westlife Foodworld Ltd
1. RSI on all time frame above 55
2. ABCD Pattern under formation on weekly chart
3. price rise with huge volume candle
fundamentally :
Company has delivered good profit growth of 84.6% CAGR over last 5 years
Lets see how it evolves
Disclaimer: 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.
NIACL Analysis & PredictionThis is the analysis of NIACL in DAILY Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the previous resistance with volume. If it will sustain above this level, it is good for the stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About NIACL:
The New India Assurance Co. Ltd. is a government owned general insurance company, which engages in the provision of insurance services. It operates through the following business segments: Fire, Marine, Motor, Crop, Health, and Others. The Fire segment offers fire and special perils insurance; business interruption insurance; and large risk package insurance policies. The Marine segment comprises of marine cargo insurance; hull and machinery insurance; and offshore oil and energy insurance products. The Motor segment covers liability only (third party) policies and comprehensive motor (third party and own damage) policies. The Crop segment consists of Pradhan Mantri Fasal Bima Yojana farmers package insurance; weather based crop insurance; unified package insurance schemes; and horticulture or plantation insurance. The Health segment involves individual health products such as mediclaim, floater, and mediclaim products; corporate (group) health insurance products; and personal accident products and schemes. The Others segment pertains to liability insurance; engineering insurance; aviation insurance; nuclear insurance; fidelity guarantee and burglary insurance; householder insurance; and insurance specific commercial insurance. The company was founded by Dorabji Tata on July 23, 1919 and is headquartered in Mumbai, India.
HINDCOPPER Analysis & PredictionThis is the analysis of HINDCOPPER in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About HINDCOPPER :
Hindustan Copper Ltd. engages in the exploration, exploitation, and mining of copper and copper ore. Its products include cast copper rod, copper cathode, copper concentrate, copper sulphate, sulphuric acid, reverts, anode slime, and nickel hydroxide. The company was founded on November 9, 1967 and is headquartered in Kolkata, India.
MOIL Analysis & Prediction in DTFThis is the analysis of MOIL in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About MOIL:
MOIL Ltd. engages in the production manganese ore. It operates through the following segments: Mining, Manufacturing, and Power Generation. The firm also manufactures ferro manganese, electrolytic manganese di-oxide; and generates wind power. The company was founded on June 22, 1962 and is headquartered in Nagpur, India.
ABCAPITAL Analysis and Prediction in DTFThis is the analysis of ABCAPITAL in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About ABCAPITAL:
Aditya Birla Capital Ltd. engages in the provision of financial services. It operates through the following segments: NBFC, Housing Finance, Life Insurance, Asset Management, General Insurance Broking, Stock and Securities Broking, Health Insurance, and Other Financial Services. The company was founded on October 15, 2007 and is headquartered in Mumbai, India.
Hang Seng Tech - Defining MomentHSTECH has gone through a deep correction in last few years.
My wave counts suggest that the bottom has been made and it's the beginning of the next leg up/ or at least a big enough pullback of the entire fall - in any case a good bullish trade.
We have completed Wave 1 and 2 and Wave 3 has begun.
Within wave 3, just minor 1 and 2 have been done and we are in 3 of 3.
View negates if we break 2990.
MAHKTECH is an ETF in India for trading this index.
Disclaimer: Invested.
Nasdaq - Correction Due anytime!Nasdaq has done really well in last 15 months - rallied 70% since Jan '23 and 30% since Oct '23.
EW counts suggest that we are close to the end of a weekly impulse.
There are 2 alternatives counts - however, my bias is with the blue one, which suggests that there is a correction around the corner.
Reason is that there is a topping structure on daily chart.
However, the time for the topping structure to play out is anybody's guess.
My hunch is that it should happen in next one week (for reference check BTC chart for last 2 weeks - expecting a similar breakdown).
CAREERP Analysis & Prediction in DTFThis is the analysis of CAREERP in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About CAREERP :
Career Point Ltd. engages in the provision of education services. The firm operates through the following segments: Education and Related Activities, Financing (NBFC), Infra Division, and Others. It offers education consultancy, management services, tutorial services, and residential hostel services. The company was founded by Pramod Kumar Maheshwari and Om Prakash Maheshwari in May 1993 and is headquartered in Kota, India.
GMR Power & Urban Infra Ltd Analysis and Prediction in DTFThis is the analysis of GMRP_UI (GMR Power & Urban Infra Ltd) in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About GMRP_UI:
GMR Power & Urban Infra Ltd. engages in the development and construction of properties in the sectors of energy, urban infrastructure, and transportation. Its project portfolio includes power plants, roads, railways, airstrips and runways, and multi product industrial properties. The company was founded on May 17, 2019 and is headquartered in New Delhi, India.
Unlocking Potential: A Deep Dive into Elecon Engineering's ChartWelcome to today's analysis of NSE:ELECON , where we explore a compelling trading scenario fuelled by recent stock activities.
📊 The Breakout Story
Elecon Engineering hit a record high in its previous Friday trading session, breaking past its former resistance with impressive volume. The surge was marked by a robust breakout candle, signalling strong buyer interest.
Following this significant high, the stock opened the today with a sizeable gap up. Interestingly, the subsequent movement saw the stock retrace downwards on notably lower volumes. This behavior is typically indicative of a 'retest' of the breakout level.
The retest scenario presents a potential buying opportunity at a specific demand zone identified on the 15-minute timeframe. This strategy focuses on the Rally-Base-Rally pattern, suggesting a tactical entry around 1130.
📈 Strategic Trade Setup
Entry Point: The proposed entry is at the Rally-Base-Rally demand zone, calculated around the 1130 level.
Stop Loss: A stop loss is advised at a 3% decrease from the entry point to limit potential downside.
Profit Target: The initial target for taking profits is set at a 10% gain from the entry level, offering a risk-reward ratio of over 1:3.
Management Strategy: To maximize gains, a trailing stop loss is recommended, which allows profits to run while safeguarding against sudden downturns.
📉 Recent Financial Highlights
Elecon Engineering has recently announced its consolidated financial results for the quarter ending March 2024:
Net Sales: Rs. 564.62 crore, a surge of 32.99% compared to Rs. 424.54 crore in March 2023.
Net Profit: Rs. 103.65 crore, up 52.55% from Rs. 67.95 crore in the same quarter last year.
EBITDA: Rs. 148.40 crore, reflecting a growth of 47.43% from Rs. 100.66 crore in March 2023.
These financial metrics not only reflect a robust growth trajectory but also bolster the stock’s attractiveness in the eyes of potential investors and traders.
Lastly, Thank you for your support, your likes & comments. Feel free to ask if you have questions.
🌟 “Every day is a new opportunity to reach that goal.” 🌟
This analysis is purely for educational purposes and does not constitute a trading or investment recommendation. Please note that I am not a SEBI registered analyst.
bharat dynamics tgt - 1970- 2090-2200 18-04-2024Bharat Dynamics Ltd. is an interesting chart with following
1. RSI on all time frames i.e. DWM above 60
2. Narrowing Bollinger bands on daily chart with price moving on upper band
3. Bullish Marubozu candle with huge volume on daily chart
4. ABCD kind pattern under formation on weekly chart
5. Super trend turned buy on daily chart
with major support near 1670 - 1730 levels stock can fetch 1970-2090-2200 levels based on Fibonacci extension
Lets See How it evolves
Disclaimer: 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
MARUTI -- ABCD BULLISH PATTERN Maruti is an interesting chart with following
1. RSI on all time frames above 60
2. Stock closed near 52 week high zone
3. Price close within 2 year and 5 year high zone
4. Price Making higher highs for last 3 days
5. ABCD candle on weekly chart with huge green candle and high volume
6. Major Support 10380 - 9800 zone
7. Next Major resistance near 11500 zone
Caution : Maruti is in strong uptrend and is trading in a rising channel for last many weeks and years. Stock can face immediate resistance near the price channel high.
Lets see How it evolves
Disclaimer: 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.
jagran parkashan ABCD PATTERN -TGT 130-140Jagran Prakashan Ltd. is an interesting chart with following
1. Higher trader and Delivery quantity prev. day close and previous week
2. Stock out performing sectoral index both on 1 week and 3 month
3. Narrowing Bollinger Bands and Price moving on upper Bollinger Bands
4. Three White Soldiers on daily chart
5. ABCD Pattern under formation on weekly chart
6. RSI on all time frames above 60
MPHASIS - bullish ABCD tgt 3080-3114Mphasis Ltd. is an interesting chart with following
1. High Trade and Delivery quantity
2. Increasing Relative Strength to bench mark index and sectoral index
3. Close within 52 week high zone + above last month's high
4. Both SRS and ARS above zero
5. RSI on all time frames above 60
6. Narrowing Bollinger Bands on Daily chart
7. Price Moving on upper Bollinger Band on daily chart
8. ABCD Pattern under formation on daily Chart
9. Break out and retest of Cup and Handle Pattern on Weekly chart.
Major Support at 2590 zone being 20 SMA and positional support near 2490 to 2440 zone
Can be a good risk reward with buy on dips and dips only with stop loss as per one's own risk reward matrix and for targets of 2970 and 3114 respectively in near term
Disclaimer: 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.
BEL bullish for tgt 192-200 -220Bharat Electronics Ltd. is an interesting chart with following
1. Close crossing last week's high
2. Crossing above previous high for last three days and making higher highs for last 3 days
3. close within 52 week high zone
4. Stock out performing sectoral index and benchmark index both on daily and weekly time frames
5. Increasing Relative Strength
6. RSI on weekly and Monthly time frame above 60
7. Three White Soldiers on Daily chart
8. ABCD pattern under formation on weekly chart
Major Support near 172-177 zone and compulsive exit, if closes below 161
Disclaimer: 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.
TATA COMMUNICATION - ABCD TGT 1940-2160 Tata Communications Ltd. is another interesting chart with following
1. RSI above 60 on daily and monthly time frame
2. Narrowing Bollinger Bands on Weekly Chart
3. High Trade and Delivery Quantity
4. Ascending Triangle Breakout on daily chart
5. Price Walking on upper Bollinger Bands on daily chart
6. ABCD Pattern under formation on weekly chart
Can be a Good risk reward to buy on dips and dips only with resistance near 1940 - 2030-2160 levels respevtively
Disclaimer: 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.
DATA PATTERNS TGT 2800- 2980Data Patterns (India) Ltd. is an interesting chart with following
1. RSI on all time frames above 60
2. Price forming ABCD Pattern on weekly chart
3. Narrowing Bollinger Bands and price on upper bollinger bands on weekly chart.
4. Price movement during last week with huge Eiffel tower size volume candle.
5. Major Support near 1850-1870 zone
Can be a good risk reward with buy on dips and dips only
Disclaimer: 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.
PIINDS TGT 4300 BUY ZONE 3400-3500/ BUY ON DIPSPI Industries Ltd. is an interesting chart with following
1. Price moving in a rising channel and consolidating since July 2022
2. Multiple Supports at 3460-3500 zone
3. 20 Day SMA support at 3470; 50 EMA daily support at 3490
4. 50 day EMA weekly support at 3474, 20 months SMA support at 3410 levels
ABCD Pattern under formation on weekly chart with Narrowing Bollinger Bands.
MOVING AVERAGE CROSSOVERS
5. 20 SMA crossed 50 SMA from below
6. 50 EMA crossed 200 EMA from below
7. Price making higher highs for last three weeks
8. Rising Returns on equity ; Rising Returns on capital Employed
A Stock to keep in watch list to buy on dips at supports as channel high near 4300 can be a good target.
Caution: Stock is in long consolidation since 2022 and can remain sideways as it is under performing the index and sector for a long time.
Disclaimer: 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.
JSW STEEL 870-910-940FUNDAMENTALS :
1. Qtrly Sales growing as compared to Sales in corresponding Qtr in P.Y.
2. OPM at 17% V/s 11% previous year
3. Caution : Price to Book value is High as compared to its peers
Technical:
1. Price confirmed breakout and retest of Ascending Triangle on weekly chart.
2. Price Took support of trend line on weekly chart
3. 20 week SMA support at 810 and 50 Week EMA support at 782
4 . Price forming ABCD pattern on Weekly chart
5. Narrowing Bollinger bands on daily chart and price walking on upper band
6. Daily and monthly RSI above 60
Disclaimer: 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.