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?
Community ideas
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.
📍📌Thank you for exploring our idea! We hope you found it valuable.
🙏 FOLLOW for more content!
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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
Force Motors: A Technical and Fundamental Play in Demand ZoneWelcome traders! Today, we're diving deep into Force Motors, a stock currently sitting in a significant demand zone. Let’s break down the technical and fundamental aspects that make this stock an interesting opportunity.
Monthly and Weekly Demand Zones:
When we look at the monthly chart , Force Motors is currently trading in a strong Rally Base Rally (RBR) demand zone . This zone is a crucial area where price often finds support and can lead to a bounce back.
If we zoom into the weekly chart , we notice that the price has already reacted from a weekly RBR demand zone nested inside the monthly zone. Last week’s candle formation is notable because it’s an absorption candle , indicating that the selling pressure has been taken over by buyers.
📊 Volume Analysis:
The presence of large green volume bars compared to smaller red bars further suggests that the selling is minimal, showing a clear sign of strength.
The price is currently in a healthy pullback from its all-time high, which often provides a great buying opportunity for savvy traders.
🧠 Fundamental Strength: A Company on the Rise 💪
Force Motors is not just looking good technically; its fundamentals are also rock solid. The company's Piotroski F-score is 9, indicating strong financial health. This score assesses several financial criteria, including profitability, leverage, and operating efficiency, confirming that the company is fundamentally sound.
Recent quarterly (June 2024) numbers are impressive:
Net Sales: Rs 1,884.90 crore in June 2024, up 26.71% from June 2023.
Net Profit: Rs. 115.70 crore in June 2024, up 68.76% from June 2023.
EBITDA: Rs. 264.13 crore, up 37.52% from June 2023.
EPS: Increased to Rs. 87.81 from Rs. 52.04 in June 2023.
These numbers reflect not just growth but also consistent performance. Such fundamentals often provide a safety net for technical setups, adding an extra layer of confidence.
🔍 Institutional Interest: The Big Players Are Watching 👀
We always like to see where institutional money is flowing because it often moves the market. For Force Motors, the institutional investment data is promising:
FII/FPI holdings have increased from 6.34% to 7.78% in the June 2024 quarter.
Number of FII/FPI investors rose from 124 to 160.
Institutional Investors’ holdings jumped from 7.20% to 8.80%.
This surge in institutional interest tells us that the big players are finding value in Force Motors at these levels. Their buying can lead to further price appreciation as they tend to have a long-term view.
The current price is trading in area where institutions have increased their stakes most probably, indicating that these monthly and weekly demand zones are genuine footprints of smart money. This means we are aligning our trades with institutional players. The likelihood of the price falling from this area is quite low because institutions typically protect their positions. These demand zones suggest that there may be pending or unfilled buy orders from smart money, so entering a trade here means we are trading alongside these big players.
💡 Trade Setup: A Clear Plan for Traders 🗺️
Based on the technical and fundamental analysis, here’s a potential trade setup:
Entry: You can consider buying at the current price level, which is within the strong demand zone.
Stop Loss: Place your SL below the demand zone or, if you don't want to take big risk, just keep SL below last week’s candle low with a buffer.
Target: Aim for at least a 1:2 risk-reward ratio. You can ride the rally by trailing your stop-loss, ensuring you lock in gains as the stock moves in your favor
⚠️ A Word of Caution: Always Manage Your Risk
Trading is about probabilities, not certainties. Even the best setups can fail, so always manage your risk. This analysis is for educational purposes only. I'm not a SEBI registered analyst, and you should do your own research before making any trading decisions.
🔥 Keep Trading and Keep Growing! 📈💪
"Success in trading is not about being right, but about managing your risk and emotions." 💡
Thank you for your support, likes, and comments. Feel free to ask any questions! Your interaction keeps me motivated to share more valuable insights.
Happy trading, and may the markets be ever in your favor! 🎯🚀
Bullish Harami candlestick Pattern Seen near support zoneHello Everyone, i hope you all will be doing good in your trading and your life as well. I have brought a stock which has taken support near to important support zone and has formed bullish Harami (Pregnant Lady) candlestick pattern. Nifty is highly bullish so all the stocks giving participation in the rally, BPCL just have started. Behalf of this Harami candlestick pattern stock can react and take support in this zone and price can move upward from here. All the Targets, entry levels and the Stop loss has already mention on chart above. Please go through to know that.
First let's discuss about this Bulish Harami Candlestick Pattern.
Bullish Harami candlestick pattern is a price chart pattern that signals trend reversals in an ongoing bear market. Bullish Harami candlestick pattern is a two candlestick pattern in which there is a long bearish candlestick and small bullish candlestick pattern.
About
Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing of petroleum products.
Presence Across Value Chain
Retail (Petroleum) - The company owns 82 retail depots and operates ~20,000 retail outlets across India. Presently, it has a market share of ~26% in the domestic petroleum market.
LPG - The company owns and operates 54 LPG bottling plants and serves over 6,200 distributors of LPG in India. It has a base of ~9 crore customers with a market share of 27%.
Industrial/ Commercial - The company serves 8,000+ customers and provides them with a reliable supply of industrial and commercial petroleum products.
Aviation - The company has 56 aviation service stations across airports in India and has a 21% market share in ATF (Aviation Turbine Fuel) in the domestic market.
Lubricants - The company sells more than 400 grades of lubricant products through its own brand MAK Lubricants. It has a market share of ~25% through a base of over 18,000 customers.
Gas - The company has a customer base of 55+ major LNG customers. The company undertakes this business through its wholly owned subsidiary Bharat Gas Resources Ltd which has business interest in 50 GAs (geographical areas).
Market Cap
₹ 1,46,685 Cr.
Current Price
₹ 338
High / Low
₹ 367 / 166
Stock P/E
7.53
Book Value
₹ 174
Dividend Yield
6.21 %
ROCE
32.1 %
ROE
41.9 %
Face Value
₹ 10.0
Industry PE
10.4
Debt
₹ 54,599 Cr.
EPS
₹ 43.9
Promoter holding
53.0 %
Intrinsic Value
₹ 352
Pledged percentage
0.00 %
EVEBITDA
5.25
Change in Prom Hold
0.00 %
Profit Var 5Yrs
28.2 %
Sales growth 5Years
8.48 %
Return over 5years
7.77 %
Debt to equity
0.72
Net profit
₹ 19,056 Cr.
ROE 5Yr
23.0 %
Profit growth
-2.86 %
Earnings yield
15.5 %
PEG Ratio
0.27
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Fin Nifty Support and Resistance Levels for 24th SepBais :-Bullish
Strategy:- Buy on dips or Breakouts
Reversal pattern: -pull back to support area.
Fin nifty Levels to react on 24th September marked on chart with this idea ,other areas ignore may take whipsaws in between.
Impportant area to react are:-
24990
24875
24750 to 24700
24650
ICICI Bank & M_M See Significant Open Interest GrowthICICI Bank
The current stock price is navigating through an ascending parallel channel, demonstrating a strong upward trend characterized by a series of higher highs and higher lows.
Recently, the price has successfully breached the upper boundary of the parallel channel and is attempting to maintain its position above this breakout level.
A significant rise in future open interest—approximately 27%—has been observed for this stock.
This increase in both the stock price and future open interest suggests that major investors are optimistic regarding this stock.
As long as the price stays above the 1300 level, the overall sentiment is expected to remain positive.
Mahindra & Mahindra
The stock is experiencing a robust upward trend, consistently achieving higher highs and higher lows.
During this upward movement, the price has formed a bullish Pole & Flag pattern.
Recently, following a notable breakout accompanied by substantial trading volume, the stock has reached its all-time high.
Additionally, there has been a significant increase in future open interest, which has risen by nearly 16%.
This growth in both the stock price and future open interest indicates that major investors are confident about this stock.
Kfintech - Flag & Pole Breakout - Buy above 1095. SL-983KFintech generates revenues primarily through service fees, subscriptions, and transaction-based charges. Its client base includes:
Mutual Fund Companies: Providing technology and operational support for mutual funds.
Wealth Management Firms: Offering technology platforms that enable the management of investor portfolios.
Corporate Issuers: Handling IPO processes, corporate actions, and compliance.
Boom in IPO and rights issue makes this stock very attractive.
The chart has formed Flag & Pole Patternand one can enter only above 1095 for targets of 1230/1450, with strict stop loss of 983
