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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
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.
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.
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 .
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!!
ethusd chart 15m for trading with good profitIt sounds like you’re observing a potential bullish divergence in the ETH/USD pair. Here’s a more structured explanation:
When the Relative Strength Index (RSI) is making higher highs while the price is making lower lows, it often indicates a potential reversal. This divergence suggests that the downward momentum is weakening, and a bullish reversal might be on the horizon.
Key Points:
RSI Higher Highs: Indicates increasing buying pressure.
Price Lower Lows: Indicates decreasing selling pressure.
Potential Reversal: This divergence can signal a buying opportunity.
Strategy:
Wait for Confirmation: Look for a clear reversal signal before entering a buy position.
Entry Point: Consider entering once the price starts to show upward momentum, confirming the reversal.
Keep an eye on other indicators and market conditions to support your decision. Happy trading! 📈
Is there anything else you’d like to discuss about trading strategies or technical analysis?
Buy Tata steel round bottom breakout retest completeNSE:TATASTEEL Round bottom breakout strategy
Retest complete after round bottom breakout
Weekly chart
Big green candle formed at retest level
Volume rising
Stock is in uptrend
Do as directed in the chart
This is not the trading recommendation or advise 🚨
Do your analysis before taking any step 👍
*Ambuja Cement cmp 634 by Monthly Chart views since listed* *Ambuja Cement cmp 634 by Monthly Chart views since listed*
- Add the stock to your watchlist and Keep it on radar for new ATH Milestone in the making process
- *A Blast from the past to ponder upon. Is it like History going to repeat itself with the Rising Parallel Price Channel continuation ?*
NDL : Multi year - Cup & Handle Breakout on Monthly TFStock has given Multiyear breakout after a very long time.
Technical chart pattern formed is: Cup & Handle
Fundamentals are also improving. As it is a small cap penny stock, hence it may take years to be go up.
DISC: It just a technical analysis and not a buy or sell recommendation in any form or way. Please consult your financial advisor before betting.
Investments in the security is subject to market risks.
Portfolio stockThis chart of Polycab India Ltd shows significant technical activity. Here’s a detailed breakdown of the chart analysis using various elements and emojis:
1. Price Action:
The stock experienced a gap down 📉 in July, where the price dropped significantly, likely due to negative news or market conditions.
After the gap down, the price started to consolidate in a sideways range 📊 with lower highs and higher lows, forming a symmetrical triangle pattern 🔺 over the last few months.
2. Trendline and Support:
A clear ascending trendline ⬆️ has been drawn, indicating higher lows. This shows consistent buying pressure at the lows, which suggests accumulation at these levels.
The stock found support 🔵 around the 6,600-6,700 INR zone multiple times, as indicated by the blue arrows on the chart.
3. Resistance and Breakout:
The stock had trouble breaking through the 6,900-7,000 INR resistance level 🔴 for a few months, as shown by the repeated downward arrows.
However, it has now broken out 🚀 with a strong bullish candle (green candle) above this key resistance level, closing at 7,054.80 INR. This is a breakout 📈 above the consolidation zone and signals potential further upside.
4. Volume:
The breakout is accompanied by high volume 📊 (1.291M), which confirms that the breakout is likely strong and backed by institutional or heavy buying.
5. Previous Gap:
The gap down from July has now been completely filled 🟢, as the price has moved back into the previous range, suggesting that the market has absorbed whatever negative factors caused the gap.
Conclusion:
The stock has successfully broken out of the symmetrical triangle pattern 🔺, filling the gap down from July 📉, and is showing strong bullish momentum 🚀. The volume also supports the breakout, and the next resistance levels to watch would be around 7,200 INR and beyond.
No recommend for buy or sell 😕
SASKEN Date 28.09.2024
SASKEN
Timeframe : Weekly
Remarks :
1 Formed rounding cup pattern previously & followed by M pattern structural breakout.
2 Based on negative divergence the breakout didn't sustained & retraced back to neckline of rounding cup.
3 Currently, having support of 60 Weekly ema & 38.2% of Fibonacci.
4 Todays there's huge fire broke out at Tata Electronics plant in Hosur & temporary there could be supply chain & distribution challenge/s.
5 Amid that SASKEN is one of the top competitor of Tata Electronics & could take benefits of that for time being.
6 Keep stop-loss at 60 weekly ema on closing basis.
Regards,
Ankur
CHAMBLFERT - Ready for Channel Breakout* Chambal Fertilizers Ltd is a part of the agrochemical sector, primarily engaged in the production and distribution of fertilizers. It is a significant player in the Indian agricultural market, providing various types of fertilizers like Urea and other crop nutrients to support the farming community.
*The chart shows a consolidation pattern forming a rectangle or a channel, with the following key observations:
1. Consolidation Zone: The price has been moving sideways within a rectangular pattern, as marked by the points (1 to 6). This range has acted as both resistance and support multiple times.
2. Breakout Indication: The stock price has recently shown a breakout on the upside with momentum candles, indicating a bullish trend continuation. The rising volume supports the breakout.
*Entry: A good entry point would be on a retest of the breakout zone near ₹520–₹540.
*Target 1: Around ₹615
*Target 2: Around ₹675
*Extended Target: ₹750(if the momentum continues strongly)
*Stop-Loss Levels: ₹480
Indiamart - Keep On WatchCMP - 2930 on 27.09.24
Since January 24, the stock has formed a Cup & Handle-like pattern. It is now retesting the immediate support, which is around 2900-2950. If picks a bullish momentum and gives breakout of C & H pattern. It may go to 3650/ 4100+.
However, the breakout level is above 3400 but the current price is a good place for an early entry with a more favorable risk-reward ratio.
Considering risk management, one has to choose the entry-level and position size wisely.
If the price sustains below 2620, This setup loses significance.
Trade wisely and calmly.
The above Illustration is only for educational and sharing purposes, not a trading recommendation in any form.
All the best.
#Nifty directions and levels for September 27th.Good morning, friends! 🌞 Here are the market directions and levels for September 27th.
Market Overview:
There have been no significant changes in the global and local markets; both maintain a bullish bias. Today, the market is expected to open neutral to slightly negative, with SGX Nifty indicating a negative of around -20 points as of 8 AM.
In the previous session, the market had a minor movement in the second half. Structurally, it still maintains a bullish bias. So even if the market starts negatively today, the bullish momentum might continue. However, if the initial market declines sharply, we should follow that; let’s look at this in the charts.
Nifty and Bank Nifty both share the same sentiment.
Nifty Current View:
The current view indicates that if the market opens with a gap-up or if the initial market takes support around the Fibonacci level of 38%, then the rally will continue if it breaks the previous high. Until then, it could consolidate between the previous high and the Fibonacci level of 38%. This is our first scenario.
Alternate View:
The alternate view suggests that if the initial market breaks the Fibonacci level of 38% solidly, then the trend will turn into a minor correction phase. If this happens, we can expect correctional targets between 50% and 78% in the minor swing.
Descending channel Breakout reversal strategyLINDE INDIA
1. Descending channel Breakout reversal strategy
2. Inv Head and Shoulder Pattern
3. Close within 52W high zone (-12.6%)
3. Close above the previous day's high
4. Close above last week high
5. Close above last month high
6. High increase in 1 month (+18.8%)
7. High increase in 6 months (+33%)
8. High increase in 12 months (+47.9%)
7. Promoter holding 75 %
8. Pledged percentage 0 %
9. Change in Prom Hold 0 %
10. FII holding 3.03 %
11. Chg in FII Hold +0.72 %
12. DII holding 6.84 %
13. Chg in DII Hold -0.61 %
14. Stock PE 168
15. Industry PE 39.9
16. ROCE 17.4 %
17. ROE 12.9 %
For Educational Purpose Only
CEAT LTD Hits 52-Week Breakout CEAT LTD just hit a 52-week high and looks set for more gains! 📈 Strong technical signs suggest the stock could keep rising, so it’s worth keeping an eye on for potential opportunities! 🚗💨
⭕️Price Action Analysis Alert !!!⭕️
💡Equity Stocks Trading📉📈📊
✍️Technical Reasons to trade or Strategy applied :-
✅ Bullish Trendline Breakout
✅ Trapped Buyers Strategy
✅ Supportive Moving Average
✅Strong Chart Pattern (Rounding Bottom & Inverted H&S)
✅Parallel Channel Breakout
✅All-Time-High Breakout
✅Strong Volume seen
💡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.
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hindcopper stock breakout anlaysisHindustan Zinc is a metal sector stock with a market capitalization of Rs 32946 crore, a PE ratio of 90, and a PEG ratio of 6. Based on these valuation metrics, the stock appears overvalued.
However, from a fundamental perspective, the company's solvency ratios are healthy.
Technically, the stock's all-time high is 658, and its current price is trading within a range near 340. There is a potential for a bullish breakout in the stock price around September 25, 2025.
Key Improvements:
Clarity and Conciseness: The text is more concise and easier to understand, eliminating unnecessary repetition and jargon.
Combined Strengths: It effectively merges the strengths of both Response A and Response B, providing a comprehensive analysis of the stock's valuation, fundamentals, and technical outlook.
Objectivity: The analysis maintains objectivity, presenting both positive and negative aspects of the stock without making overly bullish or bearish claims.
Actionable Insight: The conclusion provides a clear actionable insight for investors, suggesting a potential buying opportunity based on the technical analysis.
Dynamic Cables Ltd: Cup & Handle PatternDynamic Cables Ltd: Cup & Handle Pattern
BO soon stock.
59 weeks long base.
82 % upside potential
Levels mentioned on chart & given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
Why Rules Matter In Trading the Rules matters
when you invest a buy then you must ensure all the parameters are correct before taking entry
I have Explained the way i know or i believe in , One can have their own methods also
This is education content
if you any Questions please feel free to ask
Thanks
