HCC Mega Breakout Of A Decade1. Prices Were Taking Resistance Where Arrow Marked
2. Got 9 Years 6 Months Breakout On Jan 2024 End
3. Feb & March Months Candle Closed Red Again Shown Resistance.
4. Got Confirmation On Jun 2024, Prices Closed Above Feb 2024 Resistance.
5. July 2024 Candle Closed Above Jun 2024, Now Buyers In Full Control.
TRADE :
Buy 50% Here At Cmp - 53.09 & Rest 50% If You Get Any Dip To 43-46
SL - 29 ( Monthly Closing Basis )
( Target 1 ) = 81
July 2014 High - March 2020 Low + July 2014 High
42.24 - 3.60 + 42.24 = 81
( Target 2 ) = 120
Draw A Fibonacci From July 2014 High To March 2020 Low
Retracement Level Of 3 Which Is 119.8 Will Be Target 2
( Target 3 ) = 167.76
Draw A Fibonacci From July 2014 High To March 2020 Low
Retracement Level Of 4.236 Which Is 119.8 Will Be Target 3
In Mega Euphoria Prices May Hit 167 Level As This Is A Decade Long Breakout In HCC.
Community ideas
ASIAN PAINTS LONG | CUP & HANDLE + RESISTANCE BREAKOUTDisclaimer: I am not SEBI certified and these are my personal views. Please do your research before making any investment decisions.
Bought ASIAN PAINTS at 3100, will add more at 3050
- Completed cup and handle formation
- Downtrend resistance line breakout
- Resistance zone breakout(done) and retest(pending)
- RSI is not overbought
- Trading above 50,100,200 EMA (bullish sign)
Short term target: 3290
Long term target: 3414
Finished Trades (2/2)
JUBLINGREA - Target hit in 4 sessions (check out it in ideas section)
CAPLIPOINT - Target hit in 4 sessions (check out it in ideas section)
CLEAN SCIENCE! Trading near crucial levels.- Clean Science has been moving sideways since more than a year.
- The stock has given multiple rejections.
- It is near the breakout levels again.
- Round Bottom formation.
- Results are also expected on 01 Aug, 24.
- The stock movement can change to uptrend after a downtrend -> sideways movement if the breakout sustains.
- Stock P/E is high(69) while ROE is relatively good(22).
-
Let's wait & see.
This is for educational purposes only. Not a buy/sell recommendation.
Descending Broadening Wedge pattern breakout in GNFCGUJARAT NARMADA VALLEY FERTILISERS & CHEMICALS
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Descending Broadening Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 736+.
✅Can Go Long in this Stock by placing a stop loss below 684-.
Snowman Logistics Ltd: Cup & Handle PatternSnowman Logistics Ltd: Cup & Handle Pattern
48 % upside potential
Stock breaks out through the pattern neck line with huge volume and trading above it .
Levels mentioned on chart & given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
Sleeping Giant - ASIAN PAINTS - BUY LevelAsian Paints has been an excellent wealth accumulator. Currently in sideways since 2022. This is accumulation phase after a long up trend. Expectation is of continuation of up trend after this.
1. Support - 2700.
Resistance - 3500.
2. Trend -
a. Long term trend is UP.
b. Since 2022 it is in sideways consolidation.
3. Conclusion - After a good long up trend
accumulation is going on since last 2 years.
BUY around 2700.
First Target 3500.
Next Target - 4300.
If you find above information useful please do share, give a boost, thanks.
Momentum Trading Picks - Alembic Pharma & Quess Corp.Alembic Pharma
The stock encountered several rejections around the 1,130 level, leading to a significant correction in price.
Eventually, it found support near the 460 level and began to climb upwards.
During this upward movement, a Bullish Pole & Flag pattern emerged in the stock price chart, suggesting a potential continuation of the trend.
Following a breakout, the price trended upwards with a minor pullback before recently achieving a breakthrough with strong volume support.
Quess Corp
The price had been trending upwards within a parallel channel until it broke below, leading to a correction.
After that, the stock underwent a consolidation phase before gradually moving upwards.
A reversal in the downtrend was indicated by the formation of an Inverted Head & Shoulder pattern during this period.
The recent strong breakout suggests that the price is poised to continue its upward movement.
QUESS CORP By KRS ChartsDate: 23rd July 2024
Time: 7:20PM
Why Quess Corp?
1. Fundamentally Good Company with decent P/E Ratio.
2. Since Quess Corp listed it, movement is sideways within specific range if we check bird view of it.
3. According to Dow Theory, it was making LH LL (Downtrend) but very first time in 2023 it made Higher Low and moving continuously upside and now sustain price near All-time resistance.
Once it Break this resistance there is Buy Trade for Quess Corp for new Higher High ~1000Rs.
And for Early Entry individual can enter small Qty at current price with SL of 591 Rs.
#Nifty levels for July 23rd.Good morning, friends. Today, the Honorable Finance Minister, Nirmala Sitharaman, is presenting the first Union Budget of the Modi 3.0 government. The market may move based on this event, and technical factors might not be as effective. I am simply sharing my Fibonacci levels. I expect directional movement to start from tomorrow onwards. Have a nice day🙏.
[INTRADAY] #BANKNIFTY PE & CE Levels(23/07/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 52050 level then possible upside rally of 400-500 points upto 52450 level & this rally can extend another 400 points if market gives breakout 52550 level in todays session. Any Major downside only expected in case banknifty starts trading below 51950 level.also possible reversal downside 52450 level.
HCC - 14 years of resistance breakout Technical Analysis
It had a fake breakout earlier this year, where the price temporarily moved above the resistance level but then fell back into the channel. Recently, there was a breakout accompanied by a significant increase in volume, suggesting buying interest.
The stock has been respecting the 200-day EMA (Exponential Moving Average) since April 2023. The price is currently near the lower end of the channel, INR 42 could act as support.
The RSI, indicating that the stock is neither overbought nor oversold. It is in a neutral zone.
Potential Scenarios
If the stock holds the support, the 14-year resistance turned support at 42 INR, it could move back up towards the initial resistance level of 54 INR, then 67 INR and 100 INR.
If the stock breaks below the 42 INR level and the lower trend line of the channel, it could fall towards the 200-day EMA at 36 INR.
Segment and Order Book
The company has an order book of Rs.10,475 crore. Sector wise Breakup:-
Transport - 48%
Hydro - 26%
Water - 20%
Nuclear - 6%
• Lowest bidder in projects worth ₹4,500 Cr.
• Bids for projects worth ₹10,400 Cr are under evaluation.
• Additionally, a bid pipeline of ₹46,440 Cr has been identified for future growth.
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
NITINSPIN Ready to FlyHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Range Bound in daily & Weekly TF.
* From Dec 2023 to July 2024 its in range.
* From Feb 2024 to July 2024 Tested & Moving Resistance Many times.
* It's Break resistance Zone and trying to Sustain above Resistance Zone with good volume.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
EASEMYTRIP LONGThe Elliott Wave analysis indicates that the stock has finished waves (i) and (ii), which are shown by blue numbers on the daily chart.
Wave (i), also known as the impulse wave, unfolded into five waves, which are illustrated in red.
Wave (ii), also known as the corrective wave, unfolded in an a-b-c pattern, as indicated in red.
Wave (iii), the impulse wave, is unfolding in five waves, as illustrated in the red colour.
Price is moving in a channel. As a breakout of the channel, Price will rise.
It's a buying opportunity during a downturn (dip).
The chart shows the wave levels.
A double Bottom pattern is formed on the chart i.e. bullish reversal pattern.
Level of Invalidation
The invalidation level of 37 has been identified as the starting point for wave (i). If the price falls below this level, it means that the projected Elliott Wave pattern is not as it appears.
I'm not a registered Sebi analyst. My research is done solely for academic purposes.
Please consult your financial advisor before trading or investing. I bear no responsibility for your profits or losses.
Regards,
VJ.
ONGC : Potential Breakout of 2014Trade will be active only aboove 318 (Daily Closing basis)
Heading towards 2014 Breakout of 314.55
RSI on all time frames above 70
Daily Chart :
Good consolidation on daily chart.
Broken above level of 293, which now acts as support.
Sequential targets: 356/400/445/480/550
SL : 290
WELSPUNLIVWELSPUNLIV
Market Cap ₹ 16,935 Cr
Industry: Textiles - Products
Welspun Living Limited, part of the US$ 2.7 billion Welspun Group, is one of the largest home textile manufacturers in the world.
Promoters 70%
FIIs 7 %
DIIs 6 %
other 1%
Public 16%
My study shows on chart study with technical analysis . this made cup and handle with multi- year break-out and darvas box break-out this good signs for huge movement after some days . after retest stock targets all hits. its my prediction
for MORE check in my Tv-id " in.tradingview.com "
If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its.
"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
Angel One - Educational Post- Best to wait and let it settleHow to find Support /Resistance of a stock when the stock tanks
From the tool bar, draw Fibonnaci retracement at the All time high candle and draw it down to the next few available support levels.
As you draw, the retracement lines should touch on the underlying Horizontal Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, etc.)
In this example, the Stock highest candle was 3815, while 1940 was the multi year base where the stock had a breakout. As a investor looking to enter in to the stock, would be looking for a entry point, and through fibonacci retracement one can watch out whether the stock bounces from the support/resistance line.
I have been tracking this stock and the stock now looks to be taking support again back to the earlier base i.e. 1940 levels.
The other reason to use this stock as reference is because other stocks from the industry has reported excellent numbers and we all are looking for a good entry point for better risk/reward.
I would recommend safe entry above 2058 one it touches 1940.
Disclaimer : Fibonacci retracements are a tool, not a guarantee.
Use them in conjunction with other analysis methods.
LAXMI ORGANICS - Start of New Bull Run?The stock has undergone a correction since 2021 after reaching its all-time high. Upon analyzing the correction, it appears that wave ABC has concluded at the 225 levels. The internal waves within ABC adheres to the Fibonacci ratio, with wave C being approximately 100% of wave A. The stock found support at the minor wave 2 of the major wave 3 from the previous bull run, positioning us at favorable levels in terms of risk and reward. Currently, it seems that we are in the initial stages of the major wave 1 of the upcoming impulse or bull run.
To approach trading this situation, we can establish our position in two phases. The first part can be initiated at the current market price, followed by the next position once a retracement to the 38%-50% range occurs after reaching our minor wave 4 level of 395.
The wave counts, entry points, stop loss, and target levels are all indicated on the chart.
Disclaimer: Please note that the information presented in this analysis is intended for educational purposes only. It is highly recommended to seek advice from a financial advisor before making any investment decisions. I cannot be held accountable for any financial losses that may arise
Rane Brake Lining - Monthly Chart - Ascending Channel - LongRane Brake Lining Ltd. (NSE: RBL) moving in a clear Ascending Channel with support at the bottom of the channel retested multiple times as shown in the chart.
The Price has again bounced after touching the bottom of the channel and RSI has a strong upward trajectory.
Key Points:
Ascending Channel: The stock has been trading within a well-defined ascending channel for several years. The price recently bounced off the lower boundary, affirming strong support at this level.
Key Support Levels: The chart highlights multiple instances where the stock has found strong support at the bottom of the channel, reinforcing the robustness of this upward trend. Each bounce off the lower boundary has led to significant upward movements.
Relative Strength Index (RSI): The RSI is trending upwards and currently stands at 63.9, indicating bullish momentum.
The price has also broken above the trendline on Weekly timeframe as shown above.
Disclosure: Invested at 960.15
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
6 Years Consolidation Breakout in BEPL || (456%) upside possibleHello Everyone, i have brought another stock which has given breakout of long consolidation almost 6 years. Stock name is Bhansali Engineering Polymers Ltd and it is engaged in manufacturing and sale of ABS Resins, AES Resins, ASA resins, SAN resins and their alloys with other plastics in the Indian market.
Its customers include leading companies dealing in Automobiles, Home Appliances, Electronics, Healthcare and Kitchenware.
Technically and fundamentally stock is really good with awesome management.
MACD is giving bullish crossover.
Price is above 200-DEMA.
Breakout already taken place and sustaining above to trendlines.
Everything is suggesting bullish reversal in stock. Stock is good for short term to long term. If anybody is holding stock at least for 1-2 years, we can get returns more than 200-500% returns. I have written all the levels on chart for short term to long term traders, go accordingly.
Business Overview:-
Company manufactures ABS (Acrylonitrile Butadiene Styrene) and SAN (Styrene Acrylonitrile) resins. ABS is used to make light, rigid, molded products such as pipe, automotive body parts, wheel covers, enclosures, and protective headgear. SAN is a plastic copolymer with thermal resistant and chemical resistant nature and its uses including housewares and consumer goods, various compounded products, packaging, appliances (electrical and electronic).
Focus:-
Company is focusing on expanding its presence in the ABS segment with a capacity expansion program. It plans to intensify its efforts to optimize its share of the ABS market segment, especially from the automotive industry with the support of its JV with Nippon.
Market Cap
₹ 3,903 Cr.
Current Price
₹ 157
High / Low
₹ 160 / 81.6
Stock P/E
21.6
Book Value
₹ 37.0
Dividend Yield
2.49 %
ROCE
24.4 %
ROE
18.1 %
Face Value
₹ 1.00
Industry PE
19.6
Debt
₹ 0.00 Cr.
EPS
₹ 7.22
Promoter holding
57.5 %
Intrinsic Value
₹ 106
Pledged percentage
0.00 %
EVEBITDA
14.6
Change in Prom Hold
0.00 %
Profit Var 5Yrs
31.1 %
Sales growth 5Years
-0.05 %
Return over 5years
27.2 %
Debt to equity
0.00
Net profit
₹ 180 Cr.
ROE 5Yr
28.8 %
Profit growth
32.3 %
Earnings yield
7.34 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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