Downtrend Reversal in Thyrocare The weekly chart shows a reversal after a long downtrend. The stock has recently broken above the weekly 200 EMA, a significant technical milestone, and has also retested this level successfully. This indicates the potential for sustained upward momentum, especially as volume supported the breakout.
The stock could face resistance around INR 1,000, which is a psychological level. If momentum continues and the stock decisively breaks above INR 1,000, a further target could be set around historical levels.
For a stop-loss level, consider placing it slightly below the retest level.
These levels can be adjusted based on risk tolerance and evolving market conditions.
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.
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AMIORG - Breakout Setup, Move is ON..NSE:AMIORG
✅ #AMIORG trading above Resistance of 1706
✅ Next Resistance is at 2352
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
HCLTECH - Eying for 1500-1550 levels?HCLTECH CMP 1757
In All likelihood, the script could potentially hit 1550-1500 levels in the coming days
Observations:
1. Stock has achieved rounding bottom breakout target (900-1380-1890) and profit booking is taking place now
2. Price has been reversing from 100% fib extension from the covid lows of 375 (375-1378-877-1888.5)
3. Price had a one way rally from 1235 levels and retracing.. 50% retracement is at 1560
4. In a single candle, price broke 20 and 40 DEMA and closed below
5. Price broke down from the rising wedge at the top
6. Price never retested the 200 DEMA after breaking out at 1410 levels..
Current 200 DEMA is at 1600 and in time, it would be around 1550-1500 (if the script continues to trade lower)
BOROLTD - Multiple Bullish Pattern Breakout On Weekly ChartBOROSIL Ltd reveals a combination of bullish patterns, suggesting the potential for an upward breakout on weekly chart.
Here’s a technical analysis:
Inverse Head and Shoulders Pattern: The stock shows an inverse head and shoulders formation, with the left shoulder, head, and right shoulder clearly marked. This pattern is a strong bullish reversal signal, indicating a shift from a downtrend to an uptrend.
Cup and Handle Pattern: Inside the inverse head and shoulders, there’s also a cup and handle pattern, with the cup length marked. This pattern further reinforces the bullish outlook, as it often signals a continuation of an upward move following a breakout.
Breakout Above Resistance: The stock appears to be testing a horizontal resistance level at around ₹455. A breakout above this level would confirm the bullish patterns and indicate a potential upward move toward the projected targets.
Volume: There’s a noticeable increase in volume as the stock approaches the resistance level, suggesting accumulation and growing buying interest. Rising volume during the formation of these patterns is a positive sign for breakout strength.
Targets: The projected targets are based on the cup and handle breakout measurement:
Target 1: ₹500
Target 2: ₹560
Target 3: ₹600
RSI (Relative Strength Index): The RSI indicator is trending upward and is currently around 62, which is in the bullish zone. However, it’s not overbought, implying that there could still be room for further upward movement.
Conclusion
The stock displays multiple bullish patterns (inverse head and shoulders and cup and handle), backed by rising volume and an upward-trending RSI. A successful breakout above ₹455 could lead to the stock reaching the first target of ₹500, followed by potential gains to ₹560 and ₹600 if momentum continues.
Jupiter Wagons Ltd - Diwali picks The stock fell almost 40% from the high and may reverse from here expecting a target of 25%
JWL is forecast to grow earnings and revenue by 27.4% and 23.2% per annum respectively. EPS is expected to grow by 27.3% per annum, recently acquired the Railway and Electric Battery technology and business of Log9 Materials Scientific Private Limited.
MUHURAT PICK! Available at 50 percent DISCOUNTOne of the best company enjoying monopoly in its sector which would further contribute to the growth of the country. Any price below 1300 is a great buy for a minimum of 3000-4000 in coming years, can be counted in value investment. Plan your trades accordingly and wait for the right time to enter. HAPPY DIWALI enjoy 🪔✨
Amara Raja Energy for 60% gainsDate: 30 Oct’24
Symbol: ARE_M
Timeframe: Daily
Amara Raja Energy & Mobility seems to have begun Wave V of 3 which is heading towards 2150 (60% from current price of 1350) as seen in the chart. Once it has crossed 1450, its five waves can be established. Both volume pop out and RSI strength support this view.
This is not a trade recommendation. Please do your own analysis.
HINGLISH VERSION
Aisa prateet hota hai ki Amara Raja Energy & Mobility ne 3 ki Wave V shuroo kar di hai jo 2150 (vartamaan price se 1350 se 60%) ki taraf badh rahi hai, jaisa ki chart mein dekha gaya hai. Ek baar jab yah 1450 ko paar kar jae, to iski 5 Wave sthaapit ki ja sakti hain. Volume pop out aur RSI ki majbooti donon is drshtikon ka samarthan karte hain.
Yah koi trade lene ki salah nahin hai. Kripya apna vishleshan khud karen.
Graphite India cmp 521.60 by Monthly Chart view*Graphite India cmp 521.60 by Monthly Chart view*
- Support Zone 455 to 490 Price Band
- Stock Price is well above the EMA 21, 50, 100, 200
- Stock Price has tested retested Support Zone well enough for Fresh Breakout
- Weekly Support at 445 > 380 > 310 with Resistance at 595 > 670 > 740 > ATH 815.90
- *Monthly Stock Chart indicative of good probability for a Fresh Upside Breakout basis Multiple Test Retest of the Support Zone*
Reliance is completed a Head and shoulder pattern.NSE:RELIANCE
Reliance has completed a Head and Shoulders pattern, suggesting a potential target of 1280 based on the measurement from the head to the neckline. This target could act as strong support for a buy opportunity. However, breaking the current support level at 1325 is crucial for this to happen. Keep an eye on how it moves around this level. Timing will be key.
Dr Reddy is Ready to fly in blue sky, Short term Trading Idea .I hope you all will be doing good in your life and your trading as well. I have brought a stock which has formed a pull back pattern and taken support at previous breakout zone. Stock name is Dr. Reddy's Laboratories Ltd and it is a leading India-based pharmaceutical company which offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations.
Stock is good for short term trading idea as it has taken support in the previous breakout zone. Stock is good for long term investing as well. This can be best SIP stock to invest and get handsome returns in future.
Market Cap
₹ 1,09,439 Cr.
Current Price
₹ 1,312
High / Low
₹ 1,421 / 1,041
Stock P/E
19.7
Book Value
₹ 339
Dividend Yield
0.61 %
ROCE
26.5 %
ROE
21.4 %
Face Value
₹ 1.00
Industry PE
34.5
Debt
₹ 2,002 Cr.
EPS
₹ 66.7
Promoter holding
26.6 %
Intrinsic Value
₹ 1,033
Pledged percentage
0.00 %
EVEBITDA
12.3
Change in Prom Hold
-0.01 %
Profit Var 5Yrs
24.4 %
Sales growth 5Years
12.6 %
Return over 5years
18.9 %
Debt to equity
0.07
Net profit
₹ 5,565 Cr.
ROE 5Yr
16.7 %
Profit growth
17.8 %
Earnings yield
6.77 %
PEG Ratio
0.81
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Thankyou.
CHOLAFIN - has completed 5 wave impulse from Covid LowsCHOLAFIN - CMP 1280
Primary count (Blue) suggests that the 5 wave impulse from Covid Lows seems to have ended (from 120 to 1650)
The correction could stretch up to 0.618 or 100% of the 4th wave lows..
Price has decisively broken 200 DEMA.. I am expecting this to test 1000 levels in the coming days.. There is also an unfilled GAP at 900 levels.. if we are lucky, hitting that zone will be a jackpot
It is not going to be one way fall though.. Because it is a long range cluster (1000-1300 - multiple week consolidation range) and there will be multiple supports and bounces on the way.. Immediate support for now is 1180
JIOFIN 1D TFNSE:JIOFIN has formed a support zone which has 3 touchpoints making it a stronger zone. Either the stock could reverse from this zone or break down. Look for volume and other confirmations before trading..
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
"Wipro’s Ascent: Ready for Takeoff ?"WIPRO buy above 581
Tgt 641, 719, 814,945
SL 520
Wipro seems to be comfortably resting at 581, but there's an energy in the air suggesting it’s gearing up for a serious ascent. With potential targets at 641, 719,814, 945 and maybe even an ambitious leap to 672, this stock looks like it’s ready for liftoff! 📈
It's as if Wipro suddenly decided, "Why linger in the 500s when I could aim for new milestones at 610 or even 652?" It’s eyeing those higher levels with the drive of an eagle that just had a double shot of espresso! ☕🦅
For those who trust in the mix of positive momentum and solid chart signals, keep your eyes open—672 could be closer than it seems.
Sure, the climb might be challenging, but if Wipro's this determined, who are we to doubt? Just remember to set those stop losses and have a backup plan ready, in case the eagle opts for a side glide. 🪂
Here’s to Wipro’s journey upward! Let’s see if it reaches new heights or enjoys a pause at 581. Either way, it's bound to be an exciting ride! 🚀
"Trade smart and always respect risk." Happy trading!
SIRCA PAINTSRange of Wall coating, Wood Coating, Metals, and Glass Coating products. Its offerings under various brands include:
Sirca: Luxury Italian Wood Coatings, High-end Wall Paints.
Unico: Mass -market Wood Coating products.
Oikos: High-end Decorative, Solid Colour Finishes and Texture Coatings.
DuranteVivan: Adhesives Product Portfolio.
Co. is in the top 3 premium category wood coatings brand in India and Market leader in premium wood coatings in North India. Sirca is the Exclusive licensee for product sales to Nepal, Bangladesh & Sri Lanka
Laurus Lab: Looking good on charts from Medium term perspectiveLaurus Lab
The chart suggests 430-455 acting as support
Once above 480 levels, the stock can look to test 558 / 604 odd levels
Take care & safe trading
Disclaimer
- The view is my personal view
- Do your own research and consult your financial adviser before taking any financial decision
Looking Very Strong For Longterm Investment 📊 Bannari Amman Sugars
✅ The stock has recently broken out above a massive 18-year-old resistance trendline, a highly significant technical event. This breakout from such a long-term resistance level indicates a major shift in sentiment and could lead to substantial upside as the stock enters a new growth phase.
✅The stock is comfortably trading above its 50 EMA and 100 EMA reinforcing the bullish trend. These EMAs are acting as dynamic support further validating the strength of the recent breakout. A pullback to these levels would likely attract fresh buyers.
✅ The breakout has been accompanied by a noticeable increase in trading volume, suggesting strong buying interest. Such volume behavior typically reflects institutional participation which is essential for sustaining a long-term rally.
✅ The RSI currently stands at 59 well below the overbought zone, suggesting ample room for further upside. The RSI has shown consistent strength indicating that the stock is building momentum for a continued upward move.
🚨 Following the breakout the stock’s immediate target is 4000 with a potential extension towards 4200 if the bullish momentum continues. These targets are based on the breakout projection from the previous resistance zone.
🚨The 3000 level now acts as a critical support having served as a resistance before the breakout. Any pullback towards this level should be seen as a buying opportunity especially for long-term investors aiming to accumulate shares.
🚨 The breakout above an 18-year resistance line is a powerful signal marking the beginning of a potential long-term uptrend. The combination of strong support from EMAs volume confirmation and favorable RSI levels makes Bannari Amman Sugars Ltd an attractive choice for investors seeking long-term growth.
Cigniti Technologies Ltd - Breakout Setup, Move is ON...#CIGNITITEC trading above Resistance of 1487
Next Resistance is at 1820
Support is at 1319
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
