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Reliance Industries: The Mukesh Ambani of Stocks Attention, traders! Buckle up, because Reliance Industries Limited is ready to take off like a rocket ship to the moon! 🚀📈 We’ve spotted some exciting price action and technical patterns that you won't want to miss. Let’s dive into the details. I. Price Action Overview Chart Analysis Current Price: ₹3,061.10 Daily High: ₹3,075.00 Daily Low: ₹3,012.00 Volume: 14.192M II. Key Technical Indicators Bullish Flag Pattern: RIL is climbing faster than Antilia's elevator during a power outage. The chart clearly shows a bullish flag pattern, a classic continuation pattern indicating potential upward movement. Breakout Confirmation: We've seen a solid breakout from the flag pattern, signaling a potential rally. Volume Breakout: Trading volume is higher than the number of JioMart deliveries on a Sunday. This suggests strong conviction in the move. Accompanying the price breakout, there's a significant increase in volume, further confirming the bullish momentum. III. Trading Idea: For the brave Ambani-wannabes out there, riding this uptrend could be more thrilling than a Bollywood blockbuster. But remember, timing the market is as tricky as navigating Mumbai traffic during monsoon! Price Targets and Support Levels Immediate Resistance: ₹3,100.00 - This is the next level to watch. A break above this could open the doors to higher levels. Support Levels: Primary Support: ₹2,800.00 - A key level to hold for maintaining the bullish outlook. Secondary Support: ₹2,559.25 - This is a more conservative support level, aligning with previous consolidation areas. IV. Risks: If this rally loses steam, the stock could drop faster than your data speed when you run out of Jio balance. Keep an eye on oil prices and telecom regulations, and be ready to book profits quicker than you can say "Jio Dhan Dhana Dhan". V. Final Thoughts: Reliance Industries is flexing its muscles like Mukesh Ambani at an AGM. Will it continue to dominate the market like it dominates your phone bill, or will it take a breather? Only time will tell, but one thing's for sure – this stock is more diverse than the menu at a 5-star hotel buffet! Disclaimer: This analysis is about as guaranteed as a glitch-free day on the MyJio app. Always do your own research and consult a financial advisor before making investment decisions. Happy trading, and may your profits be as hefty as Reliance's market cap! 💼
NSE:RELIANCELong
by TRADING-NASA
2
BUTTERFLY - PRICE REVERSAL POST CORRECTION OF 64%Hi All, This idea is about Butterfly Gandhimathi Appliances Ltd CAUTION: Please keep in mind that FY24 was not at all good for this company and this idea is purely based on technical analysis Weak Fundamentals Market Cap - 1500 Cr Stock PE - 184 ROE - 2.8% ROCE - 5% Promoter Holding - 75% D/E - 0.01 Technicals Post correction of 64%, price has reached a point where horizontal & rising support meet and price action is showing signs of reversal This is a weekly chart & therefore time is required in order to reach different targets marked on the chart namely T1, T2, T3 Happy Trading, Stock-n-Shine
NSE:BUTTERFLYLong
by Stock-n-Shine
7
Larger Corrections- Best Opportunities for BuyersIts rightly said that “Buy when everybody else is selling in Panic and Sell when everybody else is buying in greed”. There are a few observations that I would like to share in this chart. ⚡Market is rallying >50% from its previous peak points. As it broke A, it rallied +50% to point B. Same it did at point C and presently we are 50% above point C. ⚡Secondly, Market has been making another peak at this 50% level and corrects for 35% or higher. It corrected 40% in 2011, 35% in 2016 and 50% in 2020. ⚡Thirdly, market has been riding higher in an uptrend channel in this log chart and currently grinding near the resistance line. Last time it did the same in 2018 and 2019 before correction. ⚡Fourthly, market tests the previous peak point resistance in its bearish phase. Like it tested A and B in the previous corrections. This time the point is C, which looks too deep as of now😜 I am expecting three scenarios. Trust me, it's always prudent to look for different scenarios🧐 and then prepare and act accordingly. 🚀The first scenario is that market breaks the resistance line of the channel and then go overbought or Climactic and then a larger correction begins. If one is very bullish and expecting this to happen, then trailing would be the best strategy for him/her. Also Exit 2/3rd if there is climactic action and trail tight the rest. 🚀The second scenario is the market corrects slowly and gradually from near the current levels, makes a healthy correction of 35% or so and then resumes higher. If one is expecting this scenario, then booking partial profits and trailing the rest would be a wise decision. 🚀Thirdly, market corrects sharply 40-50% from this level and then resumes higher. This would be a bonus for buyers. Booking partial and tight trailing the rest should work here too. In all these scenarios one can expect a test of point C or lower for fresh investments. I just hope this idea would help some of you to make wiser investment decisions. The others will surely learn something. Do boost🚀 and comment💬 for more ideas in future. Good luck👍
NSE:BANKNIFTY
by Bravetotrade
12
AARTI INDUSTRIES - Bullish - 2x Potential!Price Observation & Overview: 1. Shift in price structure from bearish to bullish with HH-HL formation. 2. Volumes are decent. 3. Earnings growth are improving. 4. ATH breakout will be xpected. Trade Plan: ENTRY = 643 SL = 563 (10%) TARGET = 954,1442, 1600++ - 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
NSE:AARTIIND
by SuperNova396
8
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.
Short
by harshkjogadia
5
#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.
NSE:NIFTY
by Manickamtraders
3
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.
NSE:KRBLLong
by TraderRahulPal
23
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.
NSE:METROBRANDLong
by KunalSaxena10
3
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! 🚀💸
NSE:INDNIPPONLong
by TRADING-NASA
3
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
NSE:MARICOLong
by SuperNova396
3
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
NSE:JAYSREETEALong
by DhirajSinghBais
4
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
NSE:JSWSTEEL
by SuperNova396
4
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.
NSE:AVADHSUGARLong
by Marketik
16
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.
NSE:MUTHOOTFINLong
by Its_Bhushan
5
#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.
NSE:NIFTY
by Manickamtraders
2
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.
NSE:ABBOTINDIALong
by TradewithAditya
1