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Demand Zone

Bharat Dynamics Limited (BDL): A High-Flying Opportunity! Today, we're going to take a deep dive into the technical analysis of Bharat Dynamics Limited ( NSE:BDL ), a government-owned company in India. 📈 Breaking the Rectangle Pattern 📈 On April 24, 2024, BDL broke out of a Rectangle pattern that was formed after making an all-time high. This rectangle can be interpreted as a Re-accumulation in stage 2. 🎯 New All-Time High and Retest 🎯 In last week, the stock broke its all-time high and formed a new all-time high. The breakout was accompanied by very high volumes. In the last 3 days, the stock has been coming down to retest the Breakout with low volume. This shows that the downward movement is without selling interest, which is a good sign. 💡 Trading Strategy 💡 We can plan an entry at 1955 to trade the breakout retest entry or you can say entry at the demand zone of the lower timeframe which is available on the 15-minute chart. Keep a stop loss below 1897 which is around 3% down from the entry point. The first target should be a 6% gain. For riding the rally, trail your stop loss. Thank you for your support, your likes, and comments. Feel free to ask if you have any questions. Remember, the journey of a thousand miles begins with a single step. So, let's step into the world of trading with confidence and determination! 🚀 Please note that this analysis is for educational purposes only. I am not a SEBI registered analyst. This is not intended as a trading or investment recommendation. Happy trading! 🎉
NSE:BDLLong
by AfnanTAjuddin
WILL NIFTY50 SHOW REVERSAL FROM SUPPORT LEVELS ?Symbol - NIFTY50 CMP - 21980 NIFTY50 witnessing heavy selling and now slipping below 22,000 round level. Market sentiment is weak but according to my analysis, Nifty is now trading at major support levels. 22000 - 21930 is good support range for Nifty. I believe Nifty will take support from current levels & will show a reversal from here soon. Dow Jones is at good support levels, Crude is showing reversal from upper levels etc. are the triggers that will help Nifty to go higher from current levels. Hence I'm taking Future long positions in Nifty at CMP 21977 - 21980 I'll add more position around 21920 - 21930 levels, if comes & hold with 21880 SL. Targets will be 22170 - 22300 - 22430
NSE:NIFTYLong
by akshit_official
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.
NSE:ELECONLong
by AfnanTAjuddin
🎯 Unveil the power of Demand Zones with ACE! Catch the wave📊 Fundamental Key Points: Action Construction Equipment Ltd engages in manufacturing and marketing hydraulic mobile cranes, tower cranes, construction equipment, and agricultural machinery. The company offers a diverse product portfolio to meet various customer requirements. Financials: Market Cap ₹17,094 Cr, Current Price ₹1,428, Stock P/E 61.7, ROCE 26.2%, ROE 18.8%. Pros: Debt-free status, expected good quarterly performance, consistent profit growth of 24.9% CAGR over 5 years, improved debtor days. Cons: Trading at 16.4 times its book value, decrease in promoter holding over the past 3 years. Peer Comparison: Compared to peers in the Capital Goods sector, ACE shows favorable metrics like ROCE at 26.17% and solid profit growth. Quarterly Results: Dec 2023: Net Profit ₹88 Cr, EPS ₹7.41, reflecting positive growth trends over the quarters. Balance Sheet: Shows steady growth in assets over the years, with a well-managed debt profile. Shareholding Pattern: Promoters hold majority stake, with FIIs and DIIs showing consistent interest over time. *️⃣ Understanding the Basics - Technical Analysis First, let's break down some key terms you'll encounter in this analysis: RBR Zones (Rally Base Rally): This pattern signifies an upward price movement, followed by a period of consolidation (stabilization without significant price changes), before another upward movement occurs. Demand Zone: A price area where buyers tend to enter the market, causing the price to increase. Bullish Pin Bar Candle: A type of candlestick that indicates a potential reversal of a downward trend to an upward trend. 📈 In-Depth Analysis of ACE ACE is currently trading in a very significant area, known as a Demand Zone. This zone is not just any area on the chart; it's a powerful RBR Zone formed on both the daily and weekly charts. Here’s why this is crucial: The formation of the RBR zone was followed by the price reaching all-time highs accompanied by high volume, showing strong buying interest. Currently, the price has retraced back to this zone, accompanied by low volume, which could mean a potential reversal or continuation of the upward trend. Yesterday's price action closed with a Bullish Pin Bar Candle right at the Demand Zone, which often signals a turning point. 💹 Key Trading Strategy For those looking to trade ACE, here’s a straightforward approach: Entry Point: Current Market Price (CMP) at 1428. Stop Loss (SL): Below 1340, to protect against unexpected downward movements. First Target: Aim for 1600 as an initial profit target. Risk Management: Consider trailing your stop loss to lock in profits as the price moves favorably. Disclaimer: This analysis is for educational purposes only. I am not a SEBI registered analyst. Please do your own research or consult a financial advisor before making investment decisions. Concluding Thoughts Thank you for your engagement and feedback. Remember, trading is a journey of continuous learning and application. Feel free to ask questions or share your thoughts on this analysis! "In trading, as in life, the risk you take is a measure of the success you seek. 🚀"
NSE:ACELong
by AfnanTAjuddin
DCB BANK PRICE ACTION ANALYSISNSE:DCBBANK WEEKLY DEMAND ZONE This demand zone is good. But the price is reacting to the monthly supply zone and is coming down. So we will think of trading in this zone when some candles are formed, right now we should wait for the monthly demand zone below. MONTHLY DEMAND ZONE The monthly demand zone has broken a long consolidation, but the daily chart has some garbage candles. If the market is in an uptrend, you can trade. This zone will be good for taking the price to an all-time high.
NSE:DCBBANKLong
by investingedge1s
ENGINEERING INDIA LIMITED STOCK PRICE ACTIONNSE:ENGINERSIN when price drop in the previous 2019 price reacted from a strong demand zone in the half and monthly, Last Time Price Hits Monthly & weekly Strong Supply Zone, then all demand zone Back to Back Breaks, Now Price hits Weekly Dz, there are two excuition level 1st zone very good, if market in strong selling presure may be change to price come in the lower level, *Now there may be a very good moment in the price, because every demand zone is responding since the price hit the weeky dz* 1st tg 2nd tg easily achieve.
NSE:ENGINERSINLong
by investingedge1s
Vedanta Ltd. - Demand ZonesNSE:VEDL is a global diversified natural resource company operating across segments which are Copper; Aluminium; Iron Ore; Power; Zinc, Lead and Silver; Oil and Gas, and Others. TTM EPS: 23.65 TTM PE: 8.84 P/B: 0.94 Mkt Cap (Rs. Cr.): 77,689 Dividend Yield: 48.56 Sector PE: 6.57 Book Value Per Share: 222.49 My Opinion: Vedanta, once soaring at an all-time high of 298, now faces a significant decline. The immediate demand zone lies between 175 and 150, where investors are eyeing a potential rebound. However, the next crucial support level stands at 122, serving as a critical turning point. As the stock navigates these challenging waters, investors must exercise caution and conduct thorough research before making decisions. Market sentiment and company fundamentals will play a crucial role in determining Vedanta's future trajectory. Keep a close watch, as opportunities may emerge amidst the volatility. Recommendated: I do recommend reading about Vedanta's Bond Repayment which is due in January 2024. Vedanta is still exploring the ways for the repayment. Also Moody's downgrade of Vedanta Resources' corporate family rating to Caa2 is a factor to consider before making any decision. Here I would like to reflect upon some learning aspects that can help in decision-making: Accumulating volume near a demand zone suggests that there is increasing buying interest and potential support for the stock in that price range. When traders and investors perceive a particular price range as a demand zone, they anticipate that the stock's price may find support and possibly reverse its downtrend. If the volume of trading activity is increasing within this demand zone, it indicates growing investor confidence in the stock's value at that price level. This can be seen as a positive sign, as it suggests that buyers are accumulating shares, possibly with the expectation of a price increase in the future. However, it's essential to consider other factors such as market sentiment, news, and overall market conditions before making investment decisions solely based on accumulating volume. NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
NSE:VEDL
by babutaaniket
Breaking All-Time Highs: A Journey into TRENT's Price Action 🚀Hey traders! 🌟 Ready to embark on an exciting journey into the world of TRENT's recent price action? We've got a breakout, some zones, and a plan to trade! Let's dive in. TRENT has made a historic move, breaking all-time highs with impressive volume. 📈 we observe the formation of a Demand Zone – the classic rally base rally (RBR) pattern. RBR Zones: After an upward move and consolidation, another rally occurs. In our case, it's the Demand Zone. Currently, TRENT is inside the RBR zone, testing the breakout level. TRENT is testing its breakout level with low volume, and now residing in the RBR zone. Consider initiating buy trades within this zone, aligning with the broader bullish trend. The stage is set for potential upward momentum from the RBR zone. 📚 Remember, this analysis is for educational purposes only. I am not a SEBI registered analyst. Trade responsibly.
NSE:TRENTLong
by AfnanTAjuddin