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Cipla Pole and Flag patteStock Analysis Report for Cipla Limited 01. Pattern Analysis Pattern Name: Pole and Flag Pattern Cipla has formed a Pole and Flag pattern, which is a bullish continuation pattern. The flag represents a consolidation phase after a strong upward move (pole), typically occurring before a breakout to the upside. The stock is at its all-time high, with a breakout from a narrow consolidation range. This is a positive signal that indicates potential for continued upward movement. 02. Volume Analysis- Volume Behavior: During the consolidation phase, the volume has remained relatively stable, which is typical for a flag pattern. There is no significant sell-off, indicating that traders are holding their positions. The volume will be crucial to watch in the upcoming sessions to confirm the strength of the breakout. Current Volume: There has been a notable increase in volume during today's session, which corresponds with the formation of a bullish Marubozu candlestick, reinforcing the breakout. 03. Price Analysis- Candlestick Patterns: A bullish Marubozu candlestick has formed at the breakout level. This indicates strong buying momentum with no significant selling pressure during the session, further validating the bullish sentiment. 04. Validation of Bullish Signal- Breakout/Breakdown Confirmation: The stock has broken out from its consolidation range at the all-time high, supported by strong volume and the Marubozu candlestick formation. This confirms the bullish breakout signal. .Price Retraction: Given the breakout, it's important to monitor whether the price sustains above the breakout level. A successful retraction and hold above this level would confirm the continuation of the uptrend. 05. Key Levels Support: The lower bound of the recent consolidation range around ₹1,640 would act as the immediate support level. Resistance: The stock has entered uncharted territory, so no clear resistance is present. Psychological levels like ₹1,700 and ₹1,750 may act as potential resistance points as the stock moves upward. 06. Entry Point Determination Recommended Entry: A buy position can be considered above the breakout level, around ₹1,680, assuming the breakout is sustained with volume. 07. Target Setting Pattern Target: The height of the flagpole (from the start of the pole to the top of the flag) projected upward gives a target range of approximately ₹1,800 to ₹1,850. Target Price: Short-term traders can target ₹1,750 initially, while long-term traders can aim for ₹1,800+ based on the pattern's full potential. 08. Stop Loss Placement Recommended Stop Loss: A stop loss around ₹1,630, just below the flag's lower boundary, would be a reasonable risk management point.
NSE:CIPLALong
by Mr_Chartist_
2
Oh Beauty! Can CG Power Unlock the Secrets of 3 White Soldiers?1.Ends up a 3 month long consolidation with a decent breakout 2.Upward candles gained momentum 3.Tweezer Bottom Formation before trend reversal 4.Excellent bounce from 0.6 Fib + EMA 50 Confluence 5.Outperforming Sector & Broader market 6. Gained Momentum, trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages 7.Volume Gain 8. Catalyst:Acquiring Renesas Electronics Corporation’s radio frequency (RF) components business for $36 million, marking its entry into semiconductor design.
NSE:CGPOWERLong
by donjacob81
7
Exideind | All Resistance Trendline Breakout ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡✍️Technical Reasons to trade or Strategy applied :- ✅Inverted Head & Shoulder Chart Pattern Bull Breakout ✅Breakout confirmed ✅Rise in Volume ✅Good 3 touches Trendline Breakout with volume ✅Clear uptrend with HH & HLs sequence ✅ Order block as potential Target ✅Check out my TradingView profile to see how we analyze charts and execute trades. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:EXIDEINDLong
by ReviveTraders
10
STRIDE: Multi-Year Breakout: Monthly : Month ending Aug-24STRIDE: Multi-Year Breakout: Monthly Timeframe: Month ending Aug-24 Price, Volume, RSI, Timeframe of breakout & Timeframe of analysis Stock broke its all-time high (1323.15) it made in Nov-15 and closed above in the month of Aug-24 Volumes in the month of Aug-24 was NOT above the 9 SMA RSI in the month of Aug-24 (86.10) is above 60. A multi-year (8+ years) breakout on a monthly time frame The stock has broken the highs it made in Aug'24 in Sep-24 and is currently (08-Oct-24) trading above the highs it made in the month of Sep'24 Numbers Breakout analysis High (Jan-08) = 1323.15/- Drawdown (marked on chart) = 1055.15/- SuperTrend (Sep-24) = 891.94 is positive ATR (Sep-24) = 136.31 Low made in the last analysis time frame (Sep-24) = 1250.55 Entry / Exit Entry = Close of 08-Oct = 1443.80/- Target = Breakout level + Drawdown during consolidation phase = 1323.15 + 1055.15 ~ 2370 Stop Loss = 1 ATR below previous candle's (Sep'24) low = 1250.55 - 136.31 ~ 1110 Risk:Reward = 2.77:1 Exit criteria = Reaches Target || Supertrend turns negative || Price goes below 18 EMA Additional Notes This is probably not the best trade. The stock did not breakout with good volumes I also expect the stock to retrace back to its breakout levels. It has been breaking it's previous months high for last 4 months starting Jun'24. Entering the trade anyways since it seems to be breaking out from a double bottom pattern on a monthly timeframe
NSE:STARLong
by ramanarvind
2
Multiyear Range Breakout With Huge Volumes In Gillette1. Gillette made high of 8140 in October 2019 2. High of October 2019 has broken in September 2024 ( 5 Year Breakout ) Trade: Buy 50% Here At Cmp 8528 Rest 50% If You Get Dip Around 8000/8100 Which Is Breakout Retest Level. SL - 7150 ( Monthly Closing Basis ) 3 Months Candle Low Taken As SL. Monthly Close Shouldn't Come Below This Level. ( Target 1 ) = 12000 October 2019 High - Jan 2023 Low + October 2019 High 8140 - 4135 + 8140 = 12145 ( Target 2 ) = 16149 Draw A Fibonacci From October 2019 High To Jan 2023 Low Retracement Level Of 3 Which Is 16149 Will Be Target 2 Time Frame - 2-3 Years Fantastic Fundamentals Is Cherry On The Cake
NSE:GILLETTELong
by ShareMarketCoach
5
CAMPUS ACTIVEWEAR LTD ANALYSISFOR LEARNING PURPOSE CAMPUS ACTIVEWEAR LTD - The current price of CAMPUS ACTIVEWEAR LTD is 321.70 rupees I am going to buy this stock because of the reasons as follows- 1. Its trying to come out after forming some base 2. It made its 52W high by breaking resistance and now retesting that level 3. In last 2 years, it has gone down and then after correction, it has made a base and now trying to go up. Accumulation volume seems to be good. 4. The risk and reward is favourable 5. Recent numbers are improving slowly but surely but it has got lot to prove. It has been underperforming and now its showing some strength. 6. This stock has got potential to perform and it has not done much in comparison to many other stocks. Break of 468 level with open more room. I will buy it with minimum target of 35-40% and then will trail after that. My SL is at 273.75 rupees I will be managing my risk.
NSE:CAMPUSLong
by Its_Bhushan
2
#Banknifty directions and levels for the 2nd week of October.Current View: The current view based on the RSI data is as follows: * The RSI divergence is likely to occur in the sub-wave 5. The structure suggests there is a 5th sub-wave forming. Once the market starts to bounce back, we can close the 5-wave structure in the 1st leg of the correction, leading into the 2nd leg. * The ideal 2nd leg is a three-wave structure, which could take a minimum of 38% to 61% bounce back from the previous swing. > In rare occasions, it could reach 78%. Structurally, it won’t go beyond this level; however, if it does, the overall trend will turn bullish. * Once the three-wave structure (2nd leg) completes, the 3rd wave will begin. The 3rd wave is a correctional wave; if it rejects and cuts below the EMA20 line, we can assume that the downtrend may continue further. This is our first variation. Alternate View: * The alternate view suggests that if the week starts with a negative candle, it may evolve into a diagonal structure. * A diagonal is a time adjustment pattern, so the correction could continue with some minor bounce backs. * However, the diagonal also indicates a sub-wave of the 5th. Once the diagonal pattern breaks upwards, the previous sentiment will apply here as well, meaning we can expect a minimum of a 38% bounce back from the previous swing.
NSE:BANKNIFTY
by Manickamtraders
4
PPLPHARMA - Cup and handle - WklyPPLPHARMA **Piramal Pharma Ltd. (PPLPHARMA)** Chart to show a **Cup and Handle** pattern, a common bullish continuation pattern. This pattern, along with volume and price targets, provides clues for potential upward movement. ### Key Elements: 1. **Cup Formation**: - The rounded bottom (cup) suggests a period of consolidation after a downtrend. This shows that selling pressure has eased, and the stock is in accumulation. - The price retraced by **84.36 INR (135.58%)** from its low, marking the depth of the cup. 2. **Handle Formation**: - The chart shows a smaller, shallower pullback forming a handle near the right side of the cup. This is a sign that buyers and sellers are testing support before the potential breakout. - The handle represents a consolidation before the next move up, and the breakout typically occurs once the stock clears the high of the handle. 3. **Measured Move Targets**: - The height of the cup (around **105.55 INR**) is used to project price targets. - The first target is set at **243.99 INR**, and the ultimate target is projected at **272.20 INR**, marking a **63.30%** rise from the breakout point. 4. **Volume**: - There's an increase in volume near the breakout, which typically confirms buying interest. - Volume is one of the most critical indicators when confirming a breakout from a Cup and Handle pattern, and this shows strength in the bullish move. 5. **Support and Resistance Levels**: - **146.90 INR** and **167.28 INR** serve as strong support levels. ### Cup and Handle Analysis: - **Bullish Bias**: The Cup and Handle pattern is a continuation setup. After the handle formation, a breakout above the handle's resistance line (which seems to have already occurred) could lead to a strong upward move toward the projected targets. - **Price Targets**: - **Immediate Target**: **243.99 INR**. - **Extended Target**: **272.20 INR**. - **Risk Management**: A potential stop-loss could be placed below the handle at **216.13 INR**, which represents key support after the breakout. The stock looks bullish in the medium term, but you may want to watch for volume confirmation during the breakout and set up appropriate risk management in case of reversals. Let me know if you'd like further details!
NSE:PPLPHARMALong
by DailyCharts03
3
MAHSEAMLESS Maharashtra Seamless Ltd. (MSL) is a great investment opportunity. Here's why: Current Price: The stock price is ₹632. Stock Buy Strategy: Phase 1: Buy if it goes above ₹727 and stays there for at least 2 weeks. Phase 2: Buy if it drops between ₹532 and ₹507. Targets: Short-term: ₹611, ₹727, ₹945+ Long-term: ₹611, ₹727, ₹781, ₹852, ₹945, ₹1078, ₹1200 Market Leadership: MSL is a big player with 55% market share in seamless pipes and 18% in ERW pipes in India. It produces 450,000 metric tons of seamless pipes and 125,000 metric tons of ERW pipes every year. Diverse Products: MSL supplies to industries like oil, gas, petrochemicals, power, and automotive. It makes high-value pipes needed for critical uses. Strong Finances: In Q1 FY25, MSL made ₹1,216 crore in revenue and ₹126 crore in EBITDA, showing steady profits despite market ups and downs. Debt-Free: As of June 2024, MSL has no debt and ₹2,203 crore in liquid investments, giving it financial freedom for future expansions. Solid Orders: MSL has an order book worth ₹1,812 crore as of July 2024, with major orders from ONGC and Oil India, supported by the "Atma Nirbhar Bharat" policy. Supportive Trends: Growing oil demand globally and in India increases the need for MSL’s pipes. Government policies like anti-dumping duty on Chinese imports and the "Make in India" initiative boost its market position. These points highlight MSL’s strong market position, financial health, and growth potential.
NSE:MAHSEAMLESLong
by INVESTWISELY_1111
5
Andhra Paper has capacity expansion and new growth driversInvestment Update: A Promising Outlook for Medium-Term Gains I made a strategic investment in this stock approximately one year ago, with the objective of achieving medium-term gains. As we approach the one-year milestone, I am pleased to reassess the company's performance and reiterate my optimism about its future prospects. Based on recent developments and growth indicators, I forecast that the stock is poised to reach new targets of ₹150 by May 2025 . This upward trajectory is largely driven by the company's expansion efforts and improved operational efficiency. Notably, the company has successfully increased its production capacity, paving the way for enhanced output and revenue growth. Specifically, paper production numbers have demonstrated significant improvement, underscoring the company's commitment to scaling its operations. Furthermore, the establishment of a new tissue paper production unit represents a strategic diversification of the company's product portfolio. This move not only expands the company's revenue streams but also positions it to capitalize on the growing demand for tissue paper products. In conclusion, the company's progress over the past year has reinforced my confidence in its potential for medium-term growth. With its enhanced capacity, improved production numbers, and strategic diversification, I firmly believe that this stock is well-positioned to deliver substantial returns on investment.
NSE:ANDHRAPAPLong
by liondewarangal
1
Stock Alert: Dr. Lal Path Labs 📈 Double Bottom Breakout: Dr. Lal Path Labs is giving a breakout from its double bottom pattern today! This pattern is a strong bullish reversal signal that could mark the beginning of an uptrend. 🔑 Key Points: Breakout above strong resistance level, signaling potential upside. Watch for volume confirmation: Higher-than-average volume strengthens the breakout case. Next resistance levels to watch for future targets. 💡 Opportunity: If the breakout holds, this could be a great medium-term trade setup! 📊 📢 Disclaimer: Do your own research before investing. This is not financial advice.
NSE:LALPATHLABLong
by TechnoTrader10
1
TATACHEM BULLISHTata Chemicals (TATACHEM) breaking out from a falling #trendline, especially with rising #volumes, can be seen as a bullish signal. The rising volume indicates increased participation from buyers, confirming the strength of the breakout. Key Indicators to Watch: 1. Volume Confirmation: A breakout with increasing volume is a positive signal, as it confirms the momentum. This shows that buyers are stepping in and driving the stock price higher, which may lead to further upward movement. 2. Trendline Break: Breaking a falling trendline that has been in place for some time suggests that the downtrend is losing steam and a potential reversal or continuation of an uptrend might be in play. 3. RSI and Momentum Indicators: If technical indicators like the RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) are supporting the breakout by moving into bullish territory, this would further validate the breakout. 4. Next Resistance Levels: Post-breakout, the stock might face resistance at higher levels, so it’s essential to watch key resistance zones to gauge its next possible move. #stocks #investing #swingtrade
NSE:TATACHEMLong
by karan_bagri
7
IRCTC Long Term AnalysisIRCTC stock has shown resilience at key support levels. With the recent market correction, it may present a potential entry point for long-term investors. Some analysts project the stock could reach ₹1430 in the coming year, representing a significant potential upside. Fundamental factors to consider for IRCTC stock: Business model: IRCTC has a monopoly on online railway ticketing in India and also operates in catering, tourism, and packaged drinking water segments.
NSE:IRCTCLong
by DragonFly-Trading
8
The trend has now turnedSBI Card CMP 770 Elliott- I can see impulse waves in the current rally hence the trend has now changed. Fib- the stock is at a strong fib confluence zone. Hence to me it is around a reversal zone. Making this dip an ideal zone to buy. Volumes- have started to increase is positive. Conclusion- I have been consistently been able to spot these turn around stories before they catch the fancy of the mkt. This stock was listed in 2020 around Rs 500. If u look at it it is still around it and is offering a g8 opportunity.
NSE:SBICARDLong
by singh17vivek
2
Vilas Transcore limited Vilas Transcore limited market cap- 997 CR Promoter -holding -73.17 % FII - 4.99 % DII- 5.47 % Public - 16.37% operating profit showing steady growth ROE -15.1% , ROCE -20.8%. Business : Electrical lamination products - mainly Power transformer CRGO core . coils etc The Indian power sector is experiencing significant growth, and companies involved in transformers and related products stand to benefit, especially with the push toward infrastructure development and renewable energy integration. Identifying companies with strong management and operational efficiency in this space could be a better investment opportunity Technical analysis Fib level support from 50% - expecting this level as a strong support Lets analyze the stock in coming days Cautionary note: Support / resistance levels may vary based on market conditions .so this is not a recommendation to buy or sell, but rather a signal to watch the stock for future trading opportunities. It's essential to monitor the stock in the coming days to see if the price action fits your entry criteria and aligns with your strategy. disclaimer :This is not a buy sell recommendation - only for study purpose .
NSE:VILAS
by faizalummmer
3
Godrej Agrovet - Flag Pattern!!Godrej Agrovet has given a breakout of its 2018 price and has not retesting the same. It has created a flag pattern and a breakout of same can give a massive 65% return. Other factors: 1. 2018 price breakout and retesting - strong set-up 2. Flag pattern on DTF 3. Largest palm oil plantation in India with 75000 hectares and by 2027 to increase to 100k hectares 4. Recent custom duty increase on import of palm oil will benefit Godrej Agrovet 5. Contracts with Nestle & Pepsi for purchase of palm oil 6. Best TTM results Stock may consolidate and a breakout will take the price to our TPs. Keep following @cleaneasycharts as we provide Right Stock at Right Time at Right Price!! Cheers!!
NSE:GODREJAGROLong
by Cleaneasycharts
6