Wipro's Steady Climb with Cautionary Signals Topic Statement:
Wipro's recent strong quarterly performance has led to a significant surge in its stock price, indicating a potential bullish trend.
Key Points:
1. The company reported a robust 24.6% QoQ profit growth for the third quarter.
2. The stock is trading in an up-trending channel, making channel trading convenient.
3. A double top pattern has emerged, indicating potential resistance.
4. Buying at the lower end of the channel, near the 180-day moving average, offers an oversold entry point.
Earnings
DELAY in Earning & Revenue Updates after Quarterly/Yearly ResultFrequently, it is observed that "Earning & Revenue details" are not updated on tradingview tool even on the day of quarterly results. Trading view team must work to ensure these results update ASAP to help tradingview traders. If user goes to other tools to get such details, tradingview may loose such customers in futures to tools.
HDFC Bank Oversold with Strong Support Levels Topic Statement: HDFC Bank's 3% QoQ profit growth has been overshadowed by its oversold stock price, which is under the 180-day moving average but has found strong support at the 50% retracement level and the critical ₹1600 mark.
Key Points:
1. Reported a profit growth of 3% QoQ.
2. Price has received decisive support at the 50% retracement level.
3. The price point of ₹1600 is a critical support level.
4. Stock is trading below the 180-day moving average, making it oversold.
Nifty ready for bounce. Buy SpottedOn Higher time frame, Nifty has taken support at 0.61 Fib (23k) Retracement of the Election Rally from 22k to 26k.
If Nifty Holds this level, it could trigger a Short Covering taking Nifty to Major Resistance Levels at
23500
23800
24000
24200
24800
25000
Rejection from Any of These levels may resume the correction. If Sustains Above 25000, (Since it's a Monthly Candle Resistance) Then Next Rally may Begin..
This may be supported by inline earnings reports or better than expected earnings and Budget!
Kotak Bank's Q3 Surge and Potential PullbackTopic Statement: Kotak Bank reported a solid 10% QoQ profit growth in Q3, sending its stock price soaring 9%, but the breakout from the down trending channel and the gap created raises concerns about a potential return to fill the gap.
Key Points:
1. Reported profit growth of 10% QoQ.
2. Stock price jumped 9% post-earnings announcement.
3. Breakout from the down trending channel.
4. A significant gap was created due to the good news.
5. Gap could lead to a pullback to fill it.
6. Price has faced severe resistance at the level of 1900 and the candles create a double top pattern.
INFY Declares Q3 Earnings Amid Market PressureTopic Statement: Despite posting healthy Q3 earnings with profit growth of 11.6% QoQ, INFY's stock experienced a significant decline, signaling potential further corrections.
Key Points:
1. Stock dropped 6% after announcing Q3 earnings, creating a gap.
2. Candle broke the 23.6% retracement level.
3. Price may fall to the 38.2% retracement level, a previous support in November.
4. Price is near the 180-day moving average, indicating oversold conditions.
5. If the price reaches the 38.2% level, it will be under the 180-day moving average.
HDFCAMC's Strong Growth Amid Oversold ConditionsTopic Statement: HDFCAMC reported a stellar 30.8% QoQ growth for the third quarter, with its price correcting during the recent market downturn, now oversold as it approaches crucial support at 3600.
Key Points:
1. Reported 30.8% QoQ growth for Q3.
2. Price corrected in the recent market downturn.
3.Trading under the 180-day moving average, making it oversold.
4. MFI is below 30, indicating oversold conditions.
5. Approaching crucial support at 3600.
HCLTECH's Resilient Bull RunTopic Statement: HCLTECH is on a strong bull run, resilient to the recent market correction, with a healthy profit growth and price trading at its lifetime high within an up-trending channel.
Key Points:
1. Company reported a 7.5% profit growth QoQ.
2. Price is moving in an up-trending channel, simplifying channel trading.
3. Trading at its lifetime high.
Darvas Box in Apollo Hospitals Enterprise LtdApollo Hospitals, is a leading integrated healthcare services provider in Asia with a robust presence across the healthcare ecosystem.
The company has shown good profit growth of 34.3% CAGR over the last 5 years and maintains a healthy dividend payout of 22.6%.
Technical Analysis
Consolidation: The stock has been consolidating for the last 15 - 18 days and is ready to give a breakout for a new high.
Darvas Box Formation: The stock formed a Darvas Box at its 52-week high and corrected around 15%.
Volume: Volume is starting to increase, indicating potential for a breakout.
Entry Point: Early entry can be taken around the highlighted range with a stop loss of ₹7,130.
Target: Open /Trail
What do you think about this? 🙂
AVALAND - Breakout above Falling Window Resistance ?AVALAND - CURRENT PRICE : RM0.335
AVALAND is bullish as the price is above 50 and 200 day EMAs. Take note that the stock made a Falling Window on 05 August 2024. Then the stock accumulate approximately for four months. Last Friday (03 JANUARY 2025), the stock closed above the Falling Window resistance level with a bullish Long Marubozu White Candle . Technically this is a buy signal.
ENTRY PRICE : RM0.330 - RM0.335
TARGET PRICE : RM0.380
STOP LOSS : RM0.300
Notes : AVALAND is a property company. Fundamentally its earning is increasing. Currently the company have one more quarter report to be announce on FEBRUARY 2025 to complete the Financial Year report.
BLS International - Cup & Handle Breakout (2 Cup & Handles)BLS International is giving a All Time High Breakout and Cup & Handle Breakout. We can see price moving towards 555 and 720. Other factors:
1. Highest Top-line; Profit and EPS
2. Sky is the limit for growth
3. One of the top 5 companies in this sector
4. Moving from 3rd party processing center to self owned centers - adding to more profitability
5. CUP & Handle in both Weekly & Daily time frame
6. Steady volumes
Keep following @Cleaneasycharts as we provide Right Stocks at Right Time at Right Price.
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ICICI bank Selling Pressure and ConsolidationHaving its median around 1340 for 18th Dec , and previous closing at 1333.75 , May open higher or at the closing the next day if the Selling Pressure continues it may reach till 1314 which act as a very strong support , at weekly and monthly also , but the trend for icici may change to Bearish .
Average Volume and price decline indicates Short build up , bearish sentiments may continue if the bank nifty is in selling pressure .
Man Infra Limited: Buy OpportunityTechnical Analysis:
Man Infra Limited has presented a promising trendline breakout with high volume, signaling strong bullish momentum. The RSI is above 70, indicating robust buying pressure. This setup suggests a potential continuation of the uptrend.
Trade Setup:
Stop Loss (SL): 196
Target: 243
Fundamental Catalyst:
The company has made remarkable progress, reporting total booking collections of approximately ₹14.75 billion ($176.56 million) as of September 24. This significant achievement reinforces the stock's positive outlook and adds confidence to the technical setup.
With both technical and fundamental factors aligning, Man Infra Limited offers a strong buy opportunity for traders looking to capitalize on the ongoing momentum.
Stay disciplined with the stop-loss level to manage risk effectively.
Morepenlab consolidation breakout above 95 tgt-120++morepen lab currently consolidating in a range
last six qoq profits are good
it took support around 70-75 once close above 95 can make a good move
Disclaimer- Just my view and opinion trade at your own risk not an investment advice
these are only for educational purposes
Beautiful Price Action With Good Q2 Numbers.NSE:BANCOINDIA Posted Good Q2 Numbers for FY 24-25 with Margin Expansion. It manufactures and supplies engine cooling modules and systems for automotive and industrial applications in domestic and international markets.
Results Snapshot:
QoQ Sales: 11.3 %
QoQ Profits: 102 %
YoY Sales: 23.5 %
YoY Profits: 110 %
OPM%: 23%
Currently Trading at 17.4 times P/E. with Book Values/Share of 4.72.
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4 Year Consolidation Within 20% of Price BandThe stock is consolidation since Nov 20 within almost 20% range after a Bullish phase. YoY results are increasing profits and revenues. The Bank has been paying out good Dividents and no sign if underperforming is seen. A huge breakout after consolidation phase with min 20% CAGR in coming months is highly expected.
Took Support From Major Levels and Broke Swing High.NSE:CCL Today Broke Swing Highs With Heavy Volumes on Back of Excellent Q2 FY 24-25 Results, after taking support from key levels.
On a YoY basis, EBITDA and PBT grew by 24% and 25% to ₹138 crore and ₹87 crore, respectively during the quarter. Rising volumes and value-accretive businesses largely drove the growth in EBITDA. Going ahead, they expect EBITDA growth to be largely driven by volume growth and not margin improvements from a long-term perspective.
NSE:CCL is engaged in coffee production, trading and distribution. The company's business operations are mainly in India, Vietnam, and Switzerland.
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Beautiful Price Action With Good Q2 Numbers.NSE:GARFIBRES Posted Good Q2 Numbers for FY 24-25 with Margin Expansion, it is one of India's leading players in the technical textiles sector, providing specialized solutions to the cordage and infrastructure industry worldwide, it also manufactures and provides world-class solutions in high-performance polymer ropes, fishing nets, sports nets, safety nets, aquaculture cages, coated fabrics, agricultural netting and geosynthetics.
Results Snapshot:
QoQ Sales: 25.10 %
QoQ Profits: 40.80 %
YoY Sales: 28.10 %
YoY Profits: 25.80 %
OPM%: 22%
Currently Trading at 41.30 times P/E. with Book Values/Share of 8.29.
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Shilpa Medicare - ATH BreakoutShilpa Medicare has given a ATH breakout and is looking very strong for a good upmove of 50%+ returns. Other factors:
1. Stock has given a Double Bottom Pattern as well and which coincides with ATH breakout.
2. Even in recent stock market turmoil, the stock has sustained and looking very strong.
3. Fundamentally, it has rising top-line and bottom line from last 9 quarters.
4. Its last TTM is the best.
5. Lot of developments are happening - green field plant is on track, tie-up with Europe's No. 1 company.
6. Both RSI & MACD on monthly time frame are positive
Cleaneasycharts provides weekly stock recommendation which ticks both fundamental & technical parameters. We provide Right Stock at Right Time at Right Price !! Keep following @Cleaneasycharts.
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Hikal Ltd. - Base Breakout above 412#Hikal Ltd. Base Breakout on sustained close above 412. CMP 403.85.
Resistance at 477/544/667 for expected level of life high 742 & beyond. Long Term Trade. View negated below 365. Q2 FY25 EBITDA Margin improved on YoY & QoQ basis released on 12/Nov/24. Management needs to deliver in future as per the investor presentation.
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