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BAJAJFINSV - Symmetrical Triangle Breakout🔊 BAJAJFINSV- Symmetrical Triangle Breakout BAJAJFINSV- BAJAJ FINSERV LTD. ⌛Duration - Short Term (4 month to 8 month) 📊📈 Trade Logic - Symmetrical Triangle Breakout CMP - 1783 Time Frame - Weekly 🎯Target 1 : 1950 🎯Target 2 : 2200 🎯Target 3 : 2475 🎯Target 4 : 2750 🛑 Stop : 1500 🏆 Risk/Reward Ratio (1: 3.3) Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
NSE:BAJAJFINSVLong
by Profit_Trader25
3
CHALET HOTELS Breakout Potential from Symmetrical Triangle ✅ The stock is trading within a symmetrical triangle pattern, with the price approaching the upper trendline near 850. A breakout above this level could signal a continuation of the bullish trend. ✅ The RSI is trending upwards and is around 59, indicating increasing bullish momentum. The stock has been respecting both the upper and lower boundaries of the triangle, setting up for a possible breakout. ✅ If the stock successfully breaks above the upper trendline, it could target higher levels, with 900 as a potential next resistance level. Traders should watch for a confirmed close above the trendline to validate the breakout.
NSE:CHALETLong
by Marketik
3
MPHASIS - Symmetrical Triangle MPHASIS Name - MPHASIS Pattern - Symmetrical triangle Status - Breakout Cmp - 3104 Target - 5209 SL - 2670 Fundamentals : Good Here are some key financial ratios for Mphasis Limited: Price-to-Earnings (PE) Ratio: 28.71 Price-to-Sales (P/S) Ratio: 3.862 Debt-to-Equity Ratio: 0.093 Return on Equity (ROE): 15.2%3 Net Profit Margin: 11.6%3 Enterprise Value to EBITDA: 21.022 These ratios indicate Mphasis’s valuation, profitability, and financial health. The company has a relatively high PE ratio, suggesting it is valued at a premium compared to its earnings. The low debt-to-equity ratio indicates a conservative approach to leverage. Pattern A symmetrical triangle pattern is a common chart pattern in technical analysis that indicates a period of consolidation before the price breaks out, either upward or downward. Here are the key features: Structure Converging Trendlines: The pattern is formed by two trendlines that converge towards each other. One trendline connects a series of lower highs, and the other connects a series of higher lows12. Volume: Typically, volume decreases as the pattern progresses, indicating a reduction in trading activity and volatility1. Interpretation Neutral Pattern: The symmetrical triangle is considered neutral, meaning it can signal either a continuation of the existing trend or a reversal, depending on the breakout direction12. Breakout: A breakout above the upper trendline suggests a bullish move, while a breakout below the lower trendline indicates a bearish move12. Trading Strategy Entry Point: Traders often enter a position when the price breaks out of the triangle with increased volume. Price Target: The price target is typically estimated by measuring the height of the triangle at its widest point and projecting that distance from the breakout point1. Stop-Loss: A stop-loss order is usually placed just below the breakout point to manage risk1.
NSE:MPHASISLong
by VCharts_TA
1
Analysis Infosys 📊 Script: INFOSYS LTD 📊 Sector: IT 📊 Industry: IT - Large Key highlights: 💡⚡ 📈 NIFTY IT and Infosys charts seem to move in the same direction even so that the chart patters are same for weekly time frames. NIFTY IT (42913) and Infosys(1953) both touched all time high on Friday 30-08-2024. 📈 As per weekly charts of Infosys the stock touched the all time high of 1953 in Jan 2022 and since then this have been a major resistance to breakthrough. Also, if we analyse the 15 min time frame the stock again tested this resistance level on Aug 28th. Considering this we can say that this the psychological resistance for the stock to break. 📈RSI for the weekly and 15mins time frame is in overbought zone and stock is trading above 50 EMA and 200 EMA. 50 EMA being the key support level in 15 min time frame. MACD is also at zero line for 15 mins. Stock has made green candles with each candle closing above the open of the previous candle and with good volumes. 📈 Considering the above analysis we need to wait for next candle and move in NIFTY IT on Monday. If the market moves up then we can expect INFY to cross 2000 levels. IF the stock falls then the key support levels will be 1930 and 1910 levels. ⏱️ C.M.P 📑💰- entry at 1950 🟢 Target 🎯🏆 - 2100 ⚠️ Stoploss ☠️🚫 - 1875 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:INFY
by Casahilsharma93
4
A contender to do 10x-15x from CMP in next 2-3 Years.Technical Analysis : Notes on Chart, Price is in Uptrend for the First time since its inception in 2008, 15 years ago. Fundamental Analysis : I would say Average or below average FA for an investment. As Cash Flow does not look, Company got positive results only from last 2 years. P/E ratio is high around 140 but in small caps usually it is the case. But the Solvency Ratio looks good and so Assets are good for long and short term both copared to Liabilities. Next Results are in November and would be a good time to re-evaluate the position. Just from the view of Fundamentals, Its not a screaming buy or more opportunities can be looked, But from the prespective of Technical Analysis a small risk is worth in it. TA wise the Signal is "BUY" Considering the Position may see drawdown of 50-60% also, Be wise to manage Risk Management for this Investment. #DYOR for more. 👍 #Positional / #Long_Term
NSE:SEPCLong
by holdwithPriyank
5
Combining Fundamental & technical Analysis to pick great stocksHello, One of the most often asked question is how I conduct my market research and today I will be trying to answer the question in a simple way. Below is my process flow 1: Screening Potential Stocks Purpose: Narrow down the list of stocks to focus on those that meet specific criteria. Method: Use a stock screener to filter stocks based on factors like market capitalization, industry, financial ratios, etc. Sometimes, I research a stock based on recent developments or personal interest. For our case you can find the stocks screener via link here www.tradingview.com . This screener allows you to filter stocks across different countries and apply various metrics to find potential investment opportunities. 2: Industry Research Purpose: Understand the industry landscape and identify key trends. Method: Use paid services, data terminals, expert insights, and accessible news sources to gather information about the industry. Keeping up-to-date with industry news is crucial for insights. A great recourse to use when trying to understand the industry is the spark via link www.tradingview.com This will be very key because it simplifies the industry and breaks how the peers are also performing. 3: Assessing Investment Feasibility and Risks Purpose: Evaluate the feasibility of a company’s plans, potential risks, and its ability to execute effectively. Method: Examine the company’s strategic priorities, planned capital expenditures, and historical performance. Assess whether the company has a track record of successfully executing similar strategies or acquisitions. 4: Analyzing Financial Performance Purpose: Understand the company's financial health and value. Method: Look at long-term ROI metrics, such as Return on Capital Employed (ROCE), Return on Invested Capital (ROIC), and Return on Equity (ROE). Conduct peer analysis by comparing these metrics with similar companies in the industry. Analyzing a company’s financial statements is key to understanding its performance. TradingView offers a detailed breakdown of financial statements over comparative years. For example, see the financials for Bharti Airtel www.tradingview.com These dashboards include additional metrics that can provide deeper insights into a company's performance. more metrics to help you better understand the companies are incorporated in the dashboards. 5: Valuation Analysis Purpose: Determine if the stock is fairly priced relative to its peers and historical data. Method: Use relative valuation methods, including Price-to-Earnings (P/E) ratio, EV/EBITDA, and Free Cash Flow Yield. Compare these metrics to historical figures and industry benchmarks to assess valuation. 6: Identifying Competitive Advantages (Moat) Purpose: Find companies with sustainable competitive advantages that protect them from competition. Method: Identify unique features or barriers that provide the company with a competitive edge. Look for aspects that align with Warren Buffett’s concept of a “moat,” such as brand strength, cost advantages, or proprietary technology. 7: Monitoring and Watchlisting Purpose: Keep track of potential investment opportunities and be prepared to act on them. Method: Add promising stocks to a watch list. Monitor their performance and news. Be ready to take advantage of price dips due to market events, ensuring the impact is not material to the company's fundamentals. 8: Organizing and Documenting Research Purpose: Ensure research is accessible and easy to reference in the future. Method: Summarize findings in bullet points, using frameworks like SWOT (Strengths, Weaknesses, Opportunities, Threats). Create a checklist of factors to consider for each company, allowing for a structured and repeatable research process. 9: Continuous Review Purpose: Stay informed and adaptable in investment decisions. Method: Regularly review research and stock performance to ensure no critical updates are missed. Adjust investment thesis based on new information or changes in the company’s fundamentals. 10: Technical Analysis Using Wave Theory Purpose: Predict future price movements and identify potential buying or selling opportunities. Method: Utilize Elliott Wave Theory, which is a form of technical analysis that identifies recurring price wave patterns in financial markets. The theory suggests that market prices move in predictable cycles of five waves (impulsive) and three waves (corrective), driven by investor psychology and market sentiment. By analyzing these wave patterns, traders and analysts can forecast potential market trends and turning points. Combining wave theory with other technical indicators can enhance the accuracy of predictions and support informed decision-making. the chart shows that the price of the stock is at the top & although all fundamentals might lead to it being a great company, buying at the top is not wise. Wait for correction before buying. Goodluck!
NSE:BHARTIARTLEducation
by thesharkke
12
Understanding the Cup and Handle Formation in Technical AnalysisThe Cup and Handle pattern is one of the most well-known and reliable chart patterns used by traders to predict bullish continuations. Understanding this formation can give you a valuable edge in identifying potential breakout stocks. What is the Cup and Handle Pattern? The Cup and Handle is a bullish continuation pattern that usually forms during an uptrend. It resembles the shape of a tea cup, with a rounded bottom followed by a slight pullback (the handle). Cup: The cup is a rounded bottom, forming after a downtrend or consolidation. It indicates that the stock is finding support and gradually regaining momentum. Handle : After forming the cup, the price pulls back slightly, creating a handle. This handle represents a period of consolidation before a breakout. How to Identify a Cup and Handle Formation? Prior Uptrend: The pattern typically forms after an established uptrend. Rounded Bottom: The "cup" part should have a smooth, rounded bottom, indicating that the stock has gradually built support and is preparing for a bullish move. Handle: The handle forms as a small pullback or consolidation, often at the upper end of the cup. This is where sellers temporarily outnumber buyers, but the selling pressure is limited. Breakout: The breakout occurs when the price moves above the resistance level at the top of the handle, often accompanied by increased volume, signaling a continuation of the uptrend. Example: DOLAT ALGOTECH LTD DOLAT ALGOTECH LTD displayed a classic Cup and Handle pattern on its chart, signaling a potential bullish breakout. Here’s a breakdown of the key elements of the pattern: Prior Uptrend: The stock was in a strong uptrend before entering a consolidation phase. Cup Formation: The price formed a rounded bottom, creating the cup, showing a gradual recovery after a pullback. Handle Formation: After the cup, the price consolidated and slightly pulled back, forming the handle. Breakout: The stock has recently broken out of the handle with increased volume, indicating a potential continuation of the uptrend. Key price targets based on the breakout: First target: ₹202.53 (+17.82%) Second target: ₹251.25 (+46.25%) This real-world example demonstrates how the Cup and Handle pattern can be used to identify potential bullish breakouts in stocks. Why is it Important? The Cup and Handle pattern is considered reliable because it reflects a period of accumulation (cup) followed by a mild correction (handle), before the price resumes its upward movement. Traders often use this formation to identify potential buying opportunities before a breakout. Key Points to Remember: Pattern Duration: The cup can take several weeks or even months to form, while the handle usually takes a shorter time. Volume Confirmation: A volume increase during the breakout is a strong signal that the pattern is valid and that the uptrend is likely to continue. Risk Management: While this pattern is reliable, no technical analysis is foolproof. Always use stop-loss orders and manage risk properly. NSE:DOLATALGO
NSE:DOLATALGOEducation
by rajsharmatt
2
BankNifty - Is this An Ending Diagonal at Tops 51404WaveTalks ...Market Whispers! ...Can You Hear Them? Disclaimer: This commentary is not a solicitation to buy or sell. Please consult your financial advisor As discussed this morning......catching the wave 4 bottoms & watching 5 unfolding in back to back ups & downs with a minor halt at 51251 have we unfolded an ending diagonal at the tops of 51404 Wave 4 Bottoms this morning close to 51000 as discussed Wave 5 - Is this an ending diagonal unfolded at the current high of 51404 Last Idea Published - Tower Bottom Unveiled We started this wave sequence close to 49651 discussed in the last idea - Tower Bottom Pattern Regards, WaveTalks
NSE:BANKNIFTYShort
by WaveTalks
11
Dixon & Bajaj-Auto Showing High Rise in Future OIDIXON Following a significant upward trend, the stock price experienced a correction and later established a Double Bottom pattern. Recently, a breakout occurred, backed by strong volume, suggesting that the price is set for further gains. Additionally, a notable increase in future open interest—nearly 11%—has been recorded. This rise in both stock price and future open interest signals that big investors are optimistic about this stock. As long as the price remains above the 12,900 level, the overall sentiment is likely to stay positive. BAJAJ-AUTO During the upward movement, the price experienced a brief consolidation phase, resulted in the formation of a Rounding Bottom pattern. Recently, a breakout occurred, supported by significant volume, suggested that the stock price is poised to maintain its upward trajectory. Moreover, there has been a remarkable surge in future open interest, climbed nearly 19%. This increase in both the stock price and future open interest indicates that big investors are bullish about this stock. As long as the price remains above the 10,000 level, the overall sentiment is likely to stay positive.
NSE:BAJAJ_AUTOLong
by GoodluckCapital
1
Arrow Greentech Ltd (ARROWGREEN): Bullish Breakout from Cup and Arrow Greentech Ltd has shown a strong bullish breakout from a cup and handle pattern, which suggests a potential continuation of the uptrend. The increase in volume during the breakout supports this bullish sentiment. Key Observations Cup and Handle Formation: A potential "Cup and Handle" pattern is observed, which can often signal a bullish continuation after a period of consolidation. Breakout: The stock has recently broken above the handle of the cup, indicating a bullish breakout. Volume: The volume has increased during the breakout, supporting the bullish momentum. Positive Indicators: The Relative Strength Index (RSI) is currently above 50, suggesting a bullish bias.
NSE:ARROWGREENLong
by supertraders_india
3
Thangamayil shining: The strong financials caused a price surge!Company Overview Thangamayil Jewellery Limited (TMJL) is a rapidly growing company in India with a chain of retail jewellery stores in Tamil Nadu. They specialize in selling Gold, Silver, Diamonds, and Platinum, with gold being the main source of income. The majority of their ornaments are purchased from dealers in states like Andhra Pradesh, Gujarat, Kerala, and West Bengal for sale in their stores. Established in 1947, Thangamayil is headquartered in Madurai, India. Market Capitalization ● Current Market Cap - ₹ 5,128 Cr. ● Market Cap 3-years back - ₹ 802 Cr. ● The figures indicate that the company has increased over six times in the past three years, which is truly remarkable. Revenue & Profit Growth ● In the last three years, this stock has demonstrated an impressive compounded annual growth rate of 28% in its sales figures. ● Meanwhile, the total profit growth during this period has been a modest 12%. ● The company has successfully maintained a operating profit margin of 6%, which has risen from 4% in FY24. ● For the fiscal year 2024, the earnings per share have seen a remarkable increase, soaring from 29.10 in fiscal year 2023 to 44.91. Increasing Product Demand ● Inventory Turnover Ratio ➖ This ratio typically assists in determining whether the growth in sales is primarily due to rising product prices or if it is also influenced by increased demand for the product. ➖ Current Inventory Turnover - 3.14 ➖ Inventory Turnover 3 years ago - 2.63 ➖ These figures indicate that product demand has risen over the past three years. Valuation ● P/E Ratio The company's present price-to-earnings (PE) ratio stands at 42.3, significantly higher than its 1-year median PE of 31. When we look at the industry average PE of 31.6, it indicates that the stock might be considered somewhat overvalued at this time. ● PEG Ratio The company has a PEG ratio of 1.3, indicating that its current P/E ratio is valid. ● Intrinsic Value ➖ Thangamayil Jewellery is currently trading at ₹1870, which is nearly 2.5 times its intrinsic value of ₹764, indicating that the stock is overvalued at this moment. ➖ When we compare Thangamayil to its competitors, such as Titan and Kalyan Jewellers, some interesting insights emerge. Titan's current market price (CMP) stands at ₹3560, which is nearly 5.5 times its intrinsic value of ₹652. Meanwhile, Kalyan Jewellers has a CMP of ₹545, approximately 4.7 times its intrinsic value of ₹115. ➖ These numbers don't necessarily indicate that Titan and Kalyan Jewellers are overvalued; rather, they suggest that Thangamayil could be an attractive investment choice. Debt Analysis ● Debt to Equity Ratio ➖ The company carries a debt of approximately ₹532 Cr., resulting in a debt-to-equity ratio of 1.08. ➖ When discussing debt, it's important to note that for a small-cap company, this isn't necessarily a major concern. The key factor to consider is whether the company can consistently meet its loan interest payments. ➖ To assess this, we should examine the interest coverage ratio. ● Interest Coverage Ratio With an interest coverage ratio of 5.62, it’s evident that the company is well-equipped to manage its loan interest payments regularly. Cash Flow Analysis ● Operating cash flow has seen a remarkable surge, soaring to 330 crore from just 10 crore in FY23. ● The CFO/PAT ratio is currently at 0.74 of the five-year average, indicating that the company is quite proficient at converting its profits into cash. Shareholding Pattern ● The promoters have maintained their 67.33% stake for the last three quarters. ● Foreign Institutional Investors (FIIs) have been steadily raising their stakes since June 2023, now holding 1.08%. ● Domestic Institutional Investors (DIIs) have also grown their stakes to 12.08% in June 2024, up from 11.46% in June 2023. ● At the same time, retail investors have been consistently selling their shares over the past few quarters. Mutual Fund Holding ● Notable small-cap funds such as SBI Small Cap Fund and DSP Small Cap Fund have made substantial investments in this stock, representing 0.63% and 1.55% of their total assets under management, respectively. ● Additionally, ICICI Prudential Exports and Services Fund has recently added (in July 2024) its position in this stock, accounting for approximately 1.11% of its overall portfolio value. Technical Aspects ● From a technical standpoint, this stock appear to be currently overextended. Any pullbacks could provide a valuable opportunity to take positions. ● Stock Volume & Delivery surged by 3.4 times & 3.2 times respectively vis-a-vis their 5 day average with a 5.48% move in price. Conclusion While the company primarily functions in Tamil Nadu, it's fascinating to note that this state accounts for the largest portion (40%) of India's overall gold consumption. Furthermore, the company is gearing up to make its mark in the Chennai market by launching a flagship store along with 3-4 satellite locations. Given the increasing demand for gold jewelry, we anticipate that Thangamayil Jewellery will thrive in the industry in the years ahead.
NSE:THANGAMAYLLong
by GoodluckCapital
1
LAURUS LAB By KRS ChartsDate: 21st Aug 2024 Time: 9:32 AM Why Laurus Lab? 1. Correction Wave was finished with 5th wave low in Mar 2023, after that it gradually moving up and made upside channeling. 2. Currently price is sustaining above 100 EMA and likely to reversed from that too. 🤞 3. why I'm keen to post L Lab is because along with both above points its likely to close and try to be making Morning Star at bottom in 1W TF. Lauras Lab is at better price at this level with Future Targets of 525 and 605. SL would be flexible Weekly Closing Below 100EMA Once Morning Star Closing will confirm at end of this week this trade will Activated 🎇
NSE:LAURUSLABSLong
by KRSCharts
2
RML (RANE MADRAS) BREAKS 6-YEAR RESISTANCE TO TRADE AT NEW HIGHSRML (RANE MADRAS) Made over a 6-year resistance breakout today on strong volume. Monthly vol is already higher than that of the last month. Its momentum (RSI), & relative performance to Nifty, both are strong. On this monthly chart RSI is strongly moving above 60, and the RS Line is rising above its 52-week MA. If the momentum sustains the stock can make some strong up-move. No recommendation. Only personal analysis for educational purposes. Please consult your Financial Advisor for any buy or sell decisions in the stock market.
NSE:RML
by RajuDatla
3