Earnings
Adani Power trend again weekNSE:ADANIPOWER
Adani power price sustains a pivot point between 522 - 504.
and continues downwards
Best selling zone between 504 - 495.
and stop loss of 514 NSE:ADANIPORTS
Disclaimer: This analysis is for educational purposes only.
Please assess your own risk tolerance and conslut with a financial advisor before trading.
Tata Consumer: Healthy Correction Within an Uptrend Topic Statement:
Tata Consumer has undergone a healthy correction while maintaining its position within a broad up-trending channel, offering clear opportunities for channel trading.
Key points:
1. The stock is moving in a broad up-trending channel, making channel trading easy.
2. The stock receives heavy support when approaching or touching the 180-day moving average.
3. The company reported a 6% profit decline QoQ in the third quarter.
Mahindra & Mahindra: Navigating a Sideways Channel Topic Statement:
Mahindra & Mahindra's stock is rangebound, presenting clear opportunities for channel trading amidst stable third-quarter performance.
Key points:
1. The company reported a 21.7% profit growth in the third quarter.
2. The stock price is moving in a sideways channel, making channel trading straightforward.
3. Heavy resistance is observed at 3200, while 2700 acts as strong support.
Bharti Airtel's Resilience Amid Market VolatilityBharti Airtel stays resilient in a volatile market, driven by exceptional profit growth.
Key points:
1. Company reported a stellar 461% QoQ profit growth for Q3, boosted by a one-time consolidation from Indus Towers.
2. Price has found heavy support at the 38.2% retracement level and faces strong resistance at the 23.6% level.
3. The stock may climb to 1778 to fill the gap and form a double top, creating a shorting opportunity.
ICICI Prudential: Oversold and Poised for Recovery Topic Statement: ICICI Prudential Life Insurance has made a healthy correction, positioning itself near strong support levels within an up-trending channel.
Key Points:
1. The company reported a robust 43% profit growth QoQ.
2. The price is moving in an up-trending channel, providing clear trading opportunities.
3. The stock is taking support at the lower end of the channel, indicating oversold conditions.
4. The price is near the 180-day moving average, reinforcing the oversold status.
5. Weekly MFI is at 34 which also indicates the price being oversold.
Varun Beverages Limited - Looks promising for far!VBL - Formation of FVGs suggest a potential Flag pattern however it appears to be on the verge of formation and yet to be confirmed!
Key levels to watch:
Around 650 range close to the trendline.
Around 680 levels
Pattern confirmation:
Open and Close above 680 range in daily time frame with good volume.
Potential rally:
Monitor stock movement around the upcoming quarterly earning results. If it breaks the mentioned levels, further flag may pattern may continue the rally around 850+.
Currently at probable early spot!
#Budget 2025
#FMCG
#Aboard
Tata Motors: Oversold and Near Support for Potential ReversalTopic Statement: Tata Motors has experienced a significant correction in recent months, approaching a crucial support level that could signal a potential turnaround.
Key Points:
1. The stock has corrected to the 61.8% retracement level, suggesting strong support at the current price level.
2. The price is near the 180-day moving average, indicating oversold conditions.
3. Weekly MFI is at 30, further confirming the stock is oversold.
4. The company reported a profit decline of -22% QoQ for the third quarter, which may cause the price to fall further, even below the 61.8% level.
Dixon Technologies Near Oversold Levels After Trendline BreakDixon Technologies (India) Ltd. has recently faced a heavy selling pressure triggered by the third quarter earnings results. The stock reported a whopping profit growth of 122% QoQ. Investors should monitor the stock's performance closely to identify optimal entry points.
Key Points:
1. Uptrend Line Breach: The stock has broken below its established uptrend line, signaling a possible change in trend direction.
2. Potential Sideways or Corrective Movement: This breach suggests that the stock may enter a period of sideways movement or further correction.
3. Proximity to 180-Day Moving Average: The current price is near the 180-day moving average, indicating an oversold condition.
4. Buying Opportunity: Purchasing the stock near or below the 180-day moving average could be advantageous for investors.
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.
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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