RKFORGE - CLEAN BREAKOUT WITH VERY CLOSE 50/200 SMAA very positive breakout where all the moving averages converge & then expand.
1 Yr Breakout with strong sectoral tailwinds as all forging stocks doing well
Strong upsurge in Volume indicates sustained price action upside from the present levels
Supply and demand zones clearly marked in the chart with no extra indicators to cause any confusion.
Community ideas
GBPAUDGBP/AUD 4-Hour Analysis: Bearish Outlook Following Consolidation Break
Chart Overview:
This GBP/AUD 4-hour chart analysis highlights a bearish outlook following the break of a significant consolidation zone and a series of higher highs (HH) and higher lows (HL).
***Key Points***
1. Consolidation Zone:
The chart shows a prolonged period of consolidation, marked in a blue shaded area, where the price ranged without a clear direction.
2. Higher Highs and Higher Lows:
Following the consolidation, the price action formed a series of higher highs (HH) and higher lows (HL), indicating a temporary uptrend. These points are clearly marked on the chart.
3.Trend Line and Break:
A rising trend line, shown in red, connects the higher lows (HL). The recent price action broke below this trend line, suggesting a shift in momentum from bullish to bearish.
4. Support and Resistance Levels:
Resistance: The previous support area around 1.91600, now acting as resistance, is highlighted with a grey shaded zone. This level is expected to cap any short-term retracements.
Support: The next significant support level is marked around 1.89600, indicated by another grey shaded zone.
5. Price Projection:
The analysis suggests a bearish continuation from the current price level. A potential retracement back to the resistance zone around 1.91600 could occur before the price resumes its downward trajectory towards the support level at 1.89600.
6. Market Sentiment:
The sentiment is bearish following the break below the trend line and consolidation zone, with expectations of further downside movement.
****Trading Plan****
Look for shorting opportunities on retracements towards the resistance zone around 1.91600.
Consider placing stop-losses just above the resistance zone to manage risk.
Target the support level around 1.89600 for potential take-profits.
This analysis suggests a bearish outlook for GBP/AUD, with a potential shorting opportunity on retracements. Traders should ensure proper risk management and stay updated with any external economic factors that may influence the price movement.
#Nifty directions and levels for June19th.Good morning, friends! 🌺🍬 Here are the directions for June 19th:
There are no significant changes in the global and our markets. They are maintaining a moderately bullish sentiment. Today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 70 points (at 8:00 AM).
Nifty has been maintaining consolidation even if it opens with a gap-up. Today may follow a similar pattern. If the market opens with a gap-up, it may consolidate around the supply zone. The rally will continue only if it breaks the supply zone with consolidation or a solid candle breakout occurs. This is the basic structure.
An alternate view from wave analysis suggests that we are currently in the 5th diagonal wave, which is a distribution wave. Structurally, the market is moving accordingly. If the market sharply rejects around the supply zone, we can expect a minimum retracement of 38% in the minor swing. After that, if it breaks the 38% level, it may turn into a correction.
KRBL is ready for another swing, 83% upside possible from hereHello guy's i have brought another stock which has taken support in trend continuation pattern, stock has shown huge volume spike, means traders and investors showing interest from this level. Higher probability we can see krbl towards 450/550+ in coming few months. Fundamentally this is one of the best company with good management, it has helped many investors to create huge wealth in past. Since Nov 2017 after making fresh new all time high at 675, it went in downtrend and made fresh low at 92 in march 2020(covid fear). Now stock has just taken support at support line and it is ready to fly in blue sky.
Q:-What is Bullish Ascending Channel or Trend Continuation Pattern?
Ans by Rahul:- A bullish channel is called a continuation trend pattern. The bullish channel is assembled by two parallel lines that frame the upward price trend. A line is validated when there has been at least two points of contact with the price.
Q:- How to take Entry and Exit in Trend Continuation Pattern?
Ans by Rahul:- Traders often consider buying near the lower trendline of the rising channel, anticipating that the price will bounce within the upward channel pattern. This provides potential entry points for bullish trades. And when price approaches the upper trendline of the channel, traders exercise caution. This is because the upper trendline may act as a resistance level. It's a point where the uptrend could temporarily stall or reverse, and this is only exit point or profit booking area for the Traders.
Well guy's, while a rising channel suggests the continuation of an uptrend, traders also watch for potential ascending channel pattern breakouts. A rising channel pattern breakout can occur when the price either breaks above the upper trendline or below the lower trendline. An upside channel pattern breakout may signal a potential acceleration of the uptrend, while a downside breakout could indicate a reversal or trend change.
About Company:-
KRBL is worlds leading basmati rice producer and has fully integrated operations in every aspect of basmati value chain, right from seed development, contract farming, procurement of paddy, storage, processing, packaging, branding and marketing.
Market Cap
₹ 7,100 Cr.
Current Price
₹ 310
High / Low
₹ 471 / 258
Stock P/E
11.9
Book Value
₹ 212
Dividend Yield
0.32 %
ROCE
15.8 %
ROE
12.5 %
Face Value
₹ 1.00
Industry PE
38.0
Debt
₹ 545 Cr.
EPS
₹ 26.0
Promoter holding
60.2 %
Intrinsic Value
₹ 325
Pledged percentage
0.00 %
EVEBITDA
8.47
Change in Prom Hold
0.00 %
Profit Var 5Yrs
3.56 %
Sales growth 5Years
5.50 %
Return over 5years
-0.35 %
Debt to equity
0.11
Net profit
₹ 596 Cr.
ROE 5Yr
14.8 %
Profit growth
-15.0 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
METROBRAND - BULLISH - IMPULSE - STARTINGHi Folks,
Metrobrand has shown very high delivery in overall day volumes. It has gone through a healthy correction of 50% of last leg of impulse. Stock has absorbed selling pressure, albeit with low volumes with high liquidity.
Currently, price has broken out the falling wedge and RSI has shooted up to corroborate the strength of this up move. Constant weekly close above 30 WEMA also indicates bullish stance of this stock.
Elliott Wave Analysis
1. On larger timeframe its an ongoing impulse in the form of 12345.
2. Internal 4 of larger 3 seems to be getting over with one more divergent bounce left.
3. Targets are marked with fib projections on the chart.
4. 2-4 trendline will act as invalidation levels.
5. 5th wave can hit the upper channel.
Not a trading reco, please do your own due diligence.
India Nippon Electricals: Shocking Gains or Short Circuit AheadAttention all chart junkies and market maniacs! If you thought the only thing in India that could surge this dramatically was the summer heat, think again! India Nippon Electricals is here to prove that stocks can be hotter than a forgotten chapati on the tawa.
Price Action Analysis:
📈 Current Price: ₹792.20 (more electrifying than your neighbor's DIY wiring job)
📊 Gain: +67.90 (+9.37%) (enough to make even the most stoic trader do a little bhangra)
Key Observations:
Breakout Bonanza: INDNIPPON has smashed through previous resistance like a monsoon flood through a poorly built dam. The ₹741.30 level? More like a speed bump for this charging bull.
Volume Surge: Trading volume is higher than the decibel level at a Diwali firecracker party. This suggests strong conviction in the move. Traders are piling in faster than aunties at a wedding buffet!
Trend Analysis: The uptrend is so strong, it could probably pull a fully loaded truck up the Himalayas. We're seeing higher highs and higher lows, a pattern more consistent than your grandma's daily soap opera viewing schedule.
Support Turned Resistance: The previous resistance at ₹741.30 now looks like it could act as support. If it holds, it'll be stronger than your uncle's opinion on politics.
Trading Idea:
Long-term investors might want to ride this electrical wave, but keep an eye out for any signs of a short circuit.
For the brave day traders out there, buying the dips could be more profitable than selling pakoras in the rain - just make sure to set those stop losses tighter than your budget during end-of-month blues.
Potential Targets:
🎯 Short-term: ₹825 (as ambitious as your New Year's resolutions)
🎯 Mid-term: ₹850 (reaching for the stars, or at least the top shelf of the liquor cabinet)
Risks:
Remember, what goes up must come down - unless it's the price of petrol or your neighbor's ego. A pullback is always possible, so don't bet your entire portfolio on this one stock, unless you want your financial future to be as uncertain as a weather forecast during monsoon.
Final Thoughts:
India Nippon Electricals is currently hotter than a jalapeño in a Delhi summer. But like trying to eat said jalapeño, approach with caution. This stock might continue to light up your portfolio, or it could blow a fuse. Either way, it's sure to be more entertaining than watching paint dry!
Disclaimer: This analysis is about as reliable as your friend who swears they know a shortcut through Mumbai traffic. Always do your own research and consult a financial advisor before making investment decisions. Happy trading, and may your profits be as plentiful as pani puri on a street corner! 🚀💸
MARICO - Breakout & Retest Setup!Overview & Observation:
1. 70% Fib support zone.
2. Good volume support
3. Breakout & Retest done.
Trade Plan:
1. Eyeing 20% upside with 10% SL
2. RRR is okay, not great!
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Jayshree Tea : 58% to 1284% upside potential#Jayshree Tea 13 Jun 2024
"Life is Simple, we make it complicated, So is Trading.
Discover Simple, Yet Powerful Ideas."
In Play : HH : HL
Summary
• CMP : 109.65
• Clean Price Action with Vol favor's BULLS FOOT PRINT with FALSE BREAKDOWN
• Nice consolidation for the past 36 months/3 years
• Trading right AROUNG VP mountain
Conclusion
• CMP 109.65
• Looks good for going NORTH
• Higher Levels could be around
o Short Term : 173/236
o Mid/Long Term : 480/796/1514
Wish You Happy & safe trading
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
WHIRLPOOLI'm not a SEBI registered analyst, Views are personal, not any buy or sell recommendations.
Today i found WHIRLPOOL ,which has given breakout in Weekly along with good volumes, Based on volume and current price action movement in the WHIRLPPOL chart, I anticipate a short-term upswing. Please refer to the chart for a detailed analysis.
JSWSTEEL - Not a good buy at current levels!The stock is trading around the upper channel. The space on the upside looking limited and RR is not favourable at the current levels.
Weekly TF view:
Price Observations:
1. Even after breakout & restest of major 800 previous ATH levels the moves is slow and choppy.
2. Volumes are dry.
3. Buyers are weak.
Now, possible 2 Scenarios here:
1. WAIT FOR THE BREAKOUT OF THE CHANNEL AND ENTER WITH CONFIRMATION WITH SMALL SL.
2. WAIT FOR A RETTRECEMENT TO ENTER AT SUPPORT LEVELS.
- I WOULD WAIT FOR THE LATER CASE SINCE I'M NOT A TYPICAL BREAKOUT TRADER!
- Stay updated for further insights and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
strong bullish breakout from its long-term downward channel✅The stock has been in a downward-sloping channel since October 2022, forming lower highs and lower lows. Recently, the price has broken above the upper boundary of this channel, indicating a potential reversal in trend.
✅There is an increase in volume, especially during the breakout above the upper boundary of the channel. This indicates strong buying interest and supports the potential trend reversal.
✅RSI near upper band and ready to give breakout & MACD histogram shows increasing bullish momentum, with the MACD line crossing above the signal line.
✅The breakout above the downward-sloping channel suggests the end of the long-term downtrend and the start of a new bullish phase.
BLUEDART - Don't miss this courier company BLUEDART has broken its mid term resistance at 7400 and now headed to its long term resistance at 7900-8000.
If this manages to close above 7900 (8000+ for safe traders), it can witness good upside momentum.
7400 level will become support area (SL).
9000-9100 is target 1.
Once this target is reached, will post an update.
Thanks
Piyush Gupta
Learn & Earn
Reversal Broadening Wedge pattern in SYNGENESYNGENE INTERNATIONAL LTD
Key highlights: 💡⚡
📈 On 1 Day Time Frame Stock Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Above 768+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 874+.
📈 Can Go Long in this stock by placing a stop loss Below 607-.
MUTHOOT FINANCE LTD AnalysisFOR LEARNING PURPOSE
MUTHOOT FINANCE LTD - The current price of MUTHOOT FINANCE is 1773.15 rupees
I am going to buy this stock because of the reasons as follows-
1. Its coming out from a good consolidation base
2. Its making a new ATH and breaking the resistance of 2.5 years
3. It is showing better relative strength as it stood strong in volatile times
4. The risk and reward is favourable
5. This stock has underperformed in last 2.5 years (where many were making ATHs, this was not making) but now, its showing some signs that it can do good and now probably it can act as leader for next few weeks
6. The latest result has been good, which gives bonus numbers
I will buy it with minimum target of 35-40% and then will trail after that.
My SL is at 1571 rupees
I will be managing my risk.
#Nifty directions and levels for June 10th.Good morning, friends! 🌺🍬 Here are the directions for June 10th:
There are no significant changes in the global market. It is still maintaining a moderately bullish sentiment based on the Dow Jones, while our local market also maintains a bullish trend. Today, the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 40 points.
Nifty and BankNifty both have the same sentiment, with no significant changes in direction.
Nifty has closed near its all-time high. Psychologically, this is a major resistance level. The current picture suggests a range-bound movement rather than a clear direction because the immediate resistance levels and wave structures are somewhat uncertain, like a cat on the wall. Let me describe the possible directions one by one. Let's look at the directions:
> If the market breaks the level of 23,401, either with consolidation or a solid breakout, we can expect a move to a minimum of 23,503, reaching the supply zone.
> On the other hand, if the market sustains the gap-down or if it rejects around 23,401 (if an initial pullback occurs), then we can expect a minimum correction of 38%.
>According to the structure, the 38% level could act as strong resistance in a trending market, so if the market finds support around 38%, we can expect the rally to continue with some consolidation.
My personal opinion is that if the market takes a correction, we can expect a minimum move to the 78% Fibonacci level. It may consolidate around either the 38% or 50% level, but it won't sustain for long.
ABBOTINDIA - Short term trade based on tightness in priceThe analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
One should also look at its peers in Pharma sector for more opportunities -
check below charts -
#CIPLA
#STAR
#SANOFI
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Trading Vs InvestingTrading and investing are two distinct approaches to engaging with financial markets, each with its own strategies, goals, and risk profiles. Here’s a comparison to help differentiate between the two:
Trading
Definition:
Trading involves the frequent buying and selling of financial instruments, such as stocks, commodities, currencies, or derivatives, with the goal of making short-term profits.
Key Characteristics:
Time Horizon:
Short-Term Focus: Trades can last from seconds to months, but they are generally not held for long periods.
Frequent Transactions: Traders often execute multiple trades daily, weekly, or monthly.
Strategy:
Technical Analysis: Traders often rely on technical analysis, using charts, patterns, and indicators to predict price movements.
Market Trends: Trading strategies may include day trading, swing trading, scalping, and momentum trading.
Risk and Reward:
High Risk, High Reward: Trading can yield high returns quickly but also comes with significant risk due to market volatility and leverage.
Risk Management: Successful traders use stop-loss orders and position sizing to manage risk.
Skills Required:
Market Knowledge: Understanding market dynamics, trends, and technical indicators is crucial.
Discipline and Emotion Control: Traders need to be disciplined and able to manage emotions to avoid impulsive decisions.
Investing
Definition:
Investing involves buying and holding financial instruments for the long term, aiming to build wealth gradually through appreciation, dividends, and interest.
Key Characteristics:
Time Horizon:
Long-Term Focus: Investments are typically held for years or even decades.
Infrequent Transactions: Investors make fewer transactions compared to traders, often holding positions through market fluctuations.
Strategy:
Fundamental Analysis: Investors focus on the underlying value of assets, examining financial statements, company performance, industry trends, and economic
factors.
Growth and Value Investing: Strategies may include growth investing, value investing, income investing, and index investing.
Risk and Reward:
Moderate Risk, Moderate Reward: Investing aims for steady, long-term growth, with risks spread over a diversified portfolio.
Compounding: The power of compounding returns over time is a significant advantage.
Skills Required:
Analytical Skills: Understanding financial health, market conditions, and economic indicators is important.
Patience and Long-Term Vision: Investors need to stay focused on long-term goals and not be swayed by short-term market volatility.
Summary
Trading is suitable for those looking to capitalize on short-term market movements and who have the time and skills to actively manage their positions. Investing is ideal for those aiming to build wealth over the long term, preferring a more passive approach with less frequent adjustments to their portfolio.
Each approach requires a different mindset, skill set, and level of involvement. Choosing between trading and investing depends on individual goals, risk tolerance, and time commitment.
❤️❤️ MARKET SECRET ❤️❤️👇
1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME
2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND
3. CHART IS SUPREME
4. YOUR ASSUMPTION & EMOTIONS HAS NO VALUE IN THE MARKET
Our motto is to help each and every individual to reach and achieve their financial goals across the world by empowering individuals with the accurate knowledge and skills necessary to navigate the complexities of the financial markets successfully. 💪
Please NOTE 👉 Levels shared are for intraday trading only.
🚫 Disclaimer 🚫 All information shared here is for educational purposes only, Please consult your financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you make. No Buy Sell Recommended 🚫
Request your support and engagement by like, comment & follow to provide encouragement
CHEERS 👍
Softer Australia GDP growth, rising wedge lure AUDUSD bearsAUDUSD picks up bids to consolidate the biggest daily loss in a fortnight early Wednesday even as Australia’s Q1 GDP growth softens to 0.1% QoQ and 1.1% YoY respectively versus 0.3% and 1.6% priors in that order. The Aussie growth numbers also slide beneath market forecasts of 0.2% QoQ and 1.2% YoY. However, prices recover from the 100-bar Exponential Moving Average (EMA), close to 0.6635 at the latest, while posting mild gains within a two-month-old rising wedge bearish chart formation, currently between 0.6620 and 0.6750. It should be noted that mostly steady RSI conditions and the downbeat MACD signals join the softer Aussie growth to keep sellers hopeful. That said, the bears need validation from the 200-EMA support of 0.6610, in addition to the rising wedge’s bottom line of 0.6620, to retake control. Following that, the pair will be vulnerable to revisit the previous yearly low of 0.6270 while witnessing 0.6460 and the 2024 bottom surrounding 0.6360 as intermediate halts during the run-down to chase a theoretical target of the rising wedge confirmation.
Alternatively, the 0.6700 threshold guards the immediate upside of the AUDUSD pair in case of the quote’s further recovery. Should the bulls keep the reins past 0.6700, the yearly high of near 0.6715 and the aforementioned rising wedge’s top line surrounding 0.6750 will challenge the Aussie bulls. In a case where the pair remains firmer past 0.6750, the late 2023 peak around 0.6870 and the 0.7000 psychological magnet will be in the spotlight.
Overall, the AUDUSD pair’s latest recovery could be considered a selling opportunity until the quote stays beneath 0.6750.
Emami Ltd. : 74.84% to 608.68% Upside PotentialEmami Ltd. 03 Jun 2024
In Play : HH : HL
Summary
• CMP : 625.50
• Clean Trendline breakout with Vol on 27 May 2024
• Nice consolidation for the past 10 years
• Trading right above VP mountain
Conclusion
• CMP 625.50
• Long position can be initiated
• Higher Targets could be around
o Short Term : 890/1015
o Mid/Long Term : 1598/2433/4155
Wish You Happy & safe trading
Happy Trading
Jai Hind Jai Bharat
Linear Vs Logarithmic Chart. Which one to use ?NSE:ADANIENT
Hello, Traders! 👋
I hope you’re all having a fantastic weekend! 🌟 Whether you’re sipping coffee, analyzing charts, or just enjoying some downtime, let’s make it even more productive. 📈💡
In today’s educational post, we’ll explore a concept that might have slipped under your radar or left you slightly puzzled. No worries—I’m here to shed light on it!
Understanding Linear vs. Logarithmic Charts
🔹When it comes to visualizing data, two chart types stand out: linear charts and logarithmic charts. These seemingly simple charts can reveal powerful insights about trends, growth rates, and relative changes. Buckle up—we’re about to explore their differences and use cases! 📊🚀
What is a Linear chart?
🔹The Price plotted on a graph which we call charts, the price on the Y-axis shown will be consistent and uniformly scaled, which shows more significance to recent price action over old price action.
🔹Linear charts are great for showing absolute changes when each price has similar increments.
🔹Linear charts are easy to understand and you are already using them.
What is Logarithmic Chart (Log Scale):
🔹A logarithmic chart, or log scale, depicts percentage changes, giving a more accurate view of relative movements.
🔹Logarithmic charts are especially useful when analyzing Long-term price data. They can show proportional relationships and percentage changes more effectively.
🔹As time goes by, the difference between linear and logarithmic charts becomes more pronounced. Log scales are often preferred for their accuracy.
On this difference table, you can easily understand the uses and benefits of logarthmic charts.
How to switch to a logarithmic chart?
Just right right-click on the Price scale on the Tradingview chart and you will find log chart.
or you can just hover your cursor at the bottom of the price scale you will see A and L (A - means arithmetic and L- Logarithmic).
Note:- On short-term or recent price action these charts will not make any big difference but surely they impact longer-term data.
Feel free to explore both chart types and choose the one that suits your analysis best! 📊🔍
If you’d like more examples or have other questions, just ask—I’m here to help! 😊🚀
Keep Learning,
Happy Trading.
Nifty - Pre Exit Poll Outlook: Bulls Above 22,400 Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
-----------------------------------------------------------------------------------------------
Key Levels to Watch:
- Immediate Resistance: 23,000
What Unfolded Last Week:
The index retraced 600 points, making a low of 22,417 as expected pause below 23000 in the last idea.
Last Idea - Nifty Explosive (Part 3): From 22,000 to 23,000 in Record Time!
Future Expectations:
If Nifty surpasses the 23,000 mark, it will confirm that the bulls are in charge, reflecting the market optimism seen since early 2014.
Nifty has strong support in the 22,400-22,500 zone. Holding above this zone, we expect an upward move towards the 22,775-22,825 target zone. If it holds above 22,825, it can target 23,000. Beyond 23,000, bulls will take charge, potentially driving the index to 23,500 and later 24,500.
Note:
Strictly no trades below 22,400.
From WaveTalks
Abhishek
