Crisil: The Credit Rating Agency is Set for Significant Growth!
The price is currently on an upward trajectory, characterized by a series of higher highs and higher lows.
After hitting resistance around the 3,740 level, the stock price pulled back but found strong support near the 2,700 level.
It then bounced back and surpassed its previous resistance.
This breakout was significant, as it emerged from the Rounding Bottom pattern that had formed during the consolidation phase.
Following the breakout, the stock price stabilized just above the breakout zone for a while.
Then, with a dramatic surge, the stock reached an all-time high of ₹6200.
However, a wave of selling pressure caused the price to drop back to its trendline support.
At present, the stock price is steadily climbing, indicating promising growth potential.
CRISIL
CRISIL for 25% (approx..) GainCRISIL is showing a rounding bottom Breakout with good amount of Volume... This breakout has come after a long 19 week consolidation . fundamental is also very nice. ROE & ROCE also very nice. Operating Profit is in increasing order. But I am interested in its share holding pattern. DII and FII are increasing.
check the below link ( www.screener.in )
CMP : 4195
TG : 4830++
SL : Below 21 Daily EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume, Delivery & VWAP. ( To view this, click sedg.in )
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up. ( To view this, click sedg.in )
4: Fundamental : PE, PAT, Industry & peer PE and sector performance. ( www.screener.in )
5: Timing : Entry Timing on 2 hour chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.
CRISIL - FROM 3500 TO 4450 NOW AGAIN READY FOR LONG ENTRYCRISIL AGAIN READY FOR LONG. HERE BELOW THE ANALYSIS :-
Volume:
Volume is greater than previous session by 233.06%.
Volatility:
ATR% of the stock is 3.49%
Moving Average Observations:
Price above 50-day, 100-day and 200-day Moving average.
Moving average alignment is bullish. It is an uptrend & a bullish setup.
RSI Observations:
The Daily RSI indicator has remained above 50. This is a bullish zone. Current Daily RSI reading is 57.81.
ADX Observations:
The Daily DMI position remains bullish.
The Daily ADX is above 20 that indicates strong trend. DMI Trend is bullish.
Donchian Channel Observations:
Price is above middle Donchian channel (Bullish).
Ichimoku Observations:
Price above Ichimoku clouds.
Clouds are bullish.
Bollinger Band Observations:
Price is above middle Bollinger band (Bullish).
Both bands are rising. It is a bullish setup.
WEAK BELOW 4115
CRISIL | Swing Trade📊 Details
CRISIL Ltd is a globally diversified analytical Company providing ratings, research, risk and policy advisory services. CRISIL is India’s leading ratings agency and the foremost provider of high-end research to large banks and leading corporations.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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Is CRISIL out of CRISIS ? Company has reduced debt.
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 30.4%
Company has been maintaining a healthy dividend payout of 67.2%
CRISIL Ltd is a globally diversified analytical Company providing ratings, research, risk and policy advisory services. CRISIL is India’s leading ratings agency and the foremost provider of high-end research to large banks and leading corporations.
BULLISH IDEA📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Expanding Wedge, Cup and Handle, inverted head & shoulder
📌 Symbol/Asset: CRISIL
🔍 Description: Stock with three bullish patterns.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
WAVE STUDY AND INDICATOR CONFIRMATIONCRISIL seems to have completed the correction at least for a shorter term. Wave counting is clearly mentioned on the chart. I request you not to get confused with Wave 2 as it is lower than the initiation point of Wave 1 but visible in Candlestick Chart. As the correction of Wave 2 have been really sharp ie. It was completed in 8 Days with 609 Points of Up move, that is why the Wave 4 is Sideways ie. It was completed in 64 Days with 438 Points of up move.
Wave 1 , 3 & 5 are in Fibonacci Time zone sequence. Wave 1 has taken approximately 13 days for completion, where as Wave 3 has taken 32 days and Wave 5 has taken 105 days. If the mathematics is done the ratio stands to be at 1:2:3 Approximately. Hence it is a well structured wave. Wave 5 for downside seems completed now. It comprises of 5 minor waves and the end is a Truncated Wave. Where the bottom of Wave (iii) & Wave (V) of Wave 5th are same .Explaining the reasons for the truncation will take longer, so let’s skip the theory.
Few key indicators that we should focus on are ROC, RSI & Candlestick Pattern .
ROC: ROC (21 Days, Close) has breached the EMA ( 21 Days, ROC) during the formation of the bottom of Wave (iii) of Wave 5th but has taken a good support over EMA ( 21 Days, ROC) during the formation of the bottom of Wave (V) of Wave 5th. This is a sign of bullishness that cannot be ignored.
RSI: RSI (14 Days, Close) on 9th Nov at the bottom of Wave (iii) of Wave 5th was 28.25 and on 7th Dec at the bottom of Wave (V) of Wave 5th the RSI (14 Days, Close) was 31. Hence such pattern is called Exaggerated Divergence as the bottom of Wave (iii) & Wave (V) of Wave 5th are same but in RSI a higher low is formed.
Candlestick Pattern: An upside reversal is better marked with a close above previous day high and a low above previous day low. Of course this happened on 8th Dec and last time when the same happened was on 10th Nov during initiation of Wave (iv) of Wave 5th .
If we take a conservative approach the first expected target should be 3138 as per Fibonacci Retracement basis. SL should be below 2800 on closing basis.
CHART & ANALYSIS
ADARSH DEY
Crisil weekly trend analysisCrisil weekly trend analysis.
> Falling wedge breakout
> 7 months downtrend break on weekly timeframe. (From may 2022)
> Size of the pattern is 890 rs.
> Forming an Inverted H&S Which is bullish pattern.
> Entry break and trade above 3100.
> Potential targets 3223,3424,3626,3840.
> keep will be 7-10% below entry price.
> position size : 10-20% of the trading capital.
> max risk : 1-2% of trading capital.
> time : 1-6 months.
> Happy swing/positional trading.
Note: only for educational purpose, trade at your own risk.