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Stock Analysis: #AZADHello, Traders! 👋 Here’s my take on #AZAD, a stock I’m currently holding: 📈 Technical Overview: 🔹 Volume activity looks promising, indicating growing interest. 🔹 My ILTF indicator signaled a BUY on 5th Nov 2024, and the trend remains favorable since then. 📊 Fundamental Insights: While I focus on technicals, I also track fundamentals, which for #AZAD appear to be solid and supportive of long-term growth. 💡 Current Position: As a holder, I’m monitoring both price action and fundamentals closely. My view might be a bit biased, but the setup looks strong for now. ⚠️ Disclaimer: 🔹 I am not a SEBI-registered advisor. 🔹 This analysis reflects my personal views and is not a recommendation to buy or sell. 🔹 Shared for learning purposes only—please do your own research or consult a professional. What’s your take on #AZAD? Let’s discuss below! 🚀 #TradingView #StockAnalysis #MomentumTrading #AZAD
NSE:AZADLong
by Inwardlocus
VEDL - Cup and Handle breakout - wkly This chart shows the long-term price action of Vedanta Ltd stock from 2008 to 2024. Here's an analysis of the key points: 1. Overall trend: The stock has shown a long-term bullish trend, forming a large cup and handle pattern over several years. 2. Price levels: - Current price: 501.75 INR - Historical high: 506.75 INR - Historical low: 58.15 INR 3. Key resistance level: There's a significant resistance level at 428.35 INR, which the stock has recently broken through. 4. Cup and handle formation: - The cup formed from 2010 to 2021 - The handle formed from 2021 to early 2023 - The stock has now broken out of this pattern, suggesting potential for further upside 5. Recent breakout: The stock has broken above the previous resistance at 428.35 INR, which could now act as support. 6. Volume: While volume information is limited, there are some spikes visible in 2020-2021, possibly correlating with increased interest in the stock. 7. Price targets: - A longer-term target is shown at 797.59 INR, based on the cup and handle pattern projection 8. Current momentum: The stock is in a strong uptrend, having broken out of the cup and handle pattern and surpassing previous resistance levels. 9. Potential support: The previous resistance at 428.35 INR could now act as support if the stock pulls back. This chart suggests a bullish outlook for Vedanta Ltd, with the stock breaking out of a long-term pattern and setting new highs. However, investors should be aware that past performance doesn't guarantee future results and should consider fundamental factors alongside this technical analysis.
NSE:VEDLLong
by VCharts_TA