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Praj Industries Ltd - Trading BoxPraj Industries Ltd has formed a rounding pattern from November 2023 to June 2024, followed by a breakout and subsequent retest. Although the price initially surged, the target has not yet been reached. Currently, the stock is trading in a range with support at 715 and resistance around 820. Recent high volumes suggest a potential upside breakout is imminent, with both the range target and rounding pattern target aligning at 950. This confluence strengthens the bullish outlook for the stock. Disclaimer Please Note Above analysis will work if price pierced and closed above resistance zone.
NSE:PRAJINDLong
by Arvind_Share_Academy
2
Primefocus HUGE BASE OF 18 years is about to break.Hi there, VCP Trader here again! Hope you're having a great day. Have you ever witnessed a stock double or even triple in value? I’m sure you have! But have you ever wondered what drives such massive returns? While fundamentals and earnings certainly play a role, I’m here to shed light on the technical side of things. Take a look at the monthly chart of Prime Focus. The base started forming in 2006, and after 18 long years, it’s now sitting right at the top of this base in 2024. This long-term base formation is just one key factor, but how it's formed is equally important. As illustrated in the chart, you can spot three distinct legs of the stock, with the price contracting from left to right. It's almost as if the stock has run out of room within the base. What excites me the most is the consolidation right before a potential breakout—right at the top of the base. I believe this stock is poised for a 100% gain, and I expect it to begin its upward movement from the current zones. My target for the stock is 275. Note: This idea will be invalidated only if we see a monthly candle closing below the third leg of the Volatility Contraction Pattern. — That VCP Trader
NSE:PFOCUSLong
by TheWhiteTiger99
2
CDSL - Descending TriangleNSE:CDSL 📅 Date : 14-10-2024 📉 Chart Pattern : Descending Triangle 🕒 Time Frame : Daily Chart 💹 CMP : 1518 Buy Above : 1525 🎯 Targets : 1840 (3 Months) 🔻 Stop Loss Level : Closing Below 1465 How does the descending triangle pattern form? A descending triangle pattern shows the behavior of sellers. It describes sellers as more aggressive than buyers, causing prices to fall and make continuous lower highs. This trend indicates weakening demand for the security, but a horizontal line prevents the price from dropping further. The price keeps declining for a while but does not cross the support line. When the price reaches the breakout point, it starts declining, signaling the start of a bearish trend in the security. The lower highs indicate increased selling pressure, responsible for a bearish trend. Disclaimer: I am not a SEBI registered analyst. The charts and levels are posted for educational purposes only and are not recommendations. Please consult your financial advisor before trading or investing. I am not responsible for any gains or losses you may incur. Happy trading! 📊🚀
NSE:CDSLLong
by vkj123
11
DIVISLAB's Open Interest Jumps 6%: Bullish Sentiment BuildsFollowing a strong upward trend, the stock encountered significant resistance near the 5,300 level, resulting in a steep drop. Afterward, the price found support near the 2,700 mark and managed to bounce back. During this consolidation phase, the stock price has developed a Rounding Bottom pattern. With a clear breakout, the price is now set for an upside rally. A notable increase in future open interest—around 6%—has been recorded for this stock. This rise in both the stock price and future open interest indicates that significant investors hold a positive outlook on this stock.
NSE:DIVISLABLong
by GoodluckCapital
3
Amazing breakout happened in an IPO Stock - PAVNAINDCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics The magic here is to make sure we are investing in an IPO stock which is about to fly for a long term. We are studying the trend and not jumping into the stock quickly. Instead we are waiting and placing the order in a particular BO level. Catching the early birds in the stock market and not everyone (especially retail traders) can do it. The art is investing fixed amount equally in every stock and let the law of numbers work on compounding in the longer run, Example: 5000/- invested equally in all BO stocks where out of 15 stocks only 1-2 stocks goes beyond -50% SL, where rest of the stocks flies like an eagle. The secret recipe is "Patience with correct study" and "Large diversification" and "TIME" The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play. LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
NSE:PAVNAINDLong
by Yoyohoneysingh93
3
TRITURBINE: A Technical Breakout Backed by Strong FundamentalsTriveni Turbine Ltd. Stock Symbol: NSE:TRITURBINE Market Cap: INR 23,700 crore Buy Range: INR 767-805 Current Price: INR 795.80 (as of October 13, 2024) Introduction Triveni Turbine Ltd., a leading player in the industrial steam turbine market, is positioned for significant growth due to its robust order book, growing presence in international markets, and strong financial performance. Coupled with a recent technical breakout on the charts, this stock is showing promising signs for investors and traders alike. In this article, I will analyze both the technical setup and the fundamental strengths that make Triveni Turbine a stock worth watching. Technical Analysis The recent price action of Triveni Turbine showcases a bullish breakout from a well-defined consolidation phase. Let’s dive deeper into the technical indicators driving this breakout. Consolidation Phase : Over the past few months, Triveni Turbine had been trading within a narrow range, oscillating between INR 670 and INR 750. The stock formed a descending trendline that acted as resistance, suppressing any potential price rise. Such consolidations often lead to strong price movements, depending on which way the breakout occurs. Breakout: On October 11, 2024, the stock decisively broke above the trendline resistance, hitting a new high of INR 805, closing at INR 795.80—an impressive +6.88% gain for the day. Breakouts from consolidation phases like this often indicate that a new uptrend may be forming, with more upside potential. Volume Spike : A key confirmation of this breakout is the noticeable spike in volume. The breakout occurred on significantly higher-than-average volume, signaling strong buying interest. A volume increase typically accompanies strong breakouts, suggesting the move is backed by institutional or large-scale buying. Support and Resistance: Post-breakout, immediate support is established around INR 750-770, where the stock had previously struggled to move past. The next resistance zone lies around INR 840, which would be a key level to watch in the short to medium term. Technical Indicators : The 50-day moving average (MA) is trending upwards, further supporting the bullish momentum. The stock is currently trading above its MA, adding to the strength of the ongoing price trend. In conclusion, the breakout from consolidation, supported by rising volume and positive technical indicators, suggests further upside potential for Triveni Turbine. Fundamental Analysis Now, let’s turn to the fundamentals, which further bolster the case for Triveni Turbine’s potential for sustained growth. Industry Leader in Steam Turbines: Triveni Turbine holds a dominant market share of over 60% in India’s industrial steam turbine market. Its steam turbines, used across more than 20 industries and installed in over 75 countries, make it a global leader in the space. Industries like sugar, steel, cement, chemicals, and waste-to-energy systems all benefit from its innovative turbine solutions, especially as demand for decentralized power generation grows. Record-Breaking Financial Performance: In Q1 FY25, the company posted its highest-ever quarterly revenue and EBITDA. Notably, the EBITDA margin expanded by 240 basis points year-over-year, showcasing significant operational improvements. This robust performance sets a strong foundation for continued financial success in the coming quarters. Impressive Order Book: Triveni Turbine’s order book stands at an impressive INR 1,600 crore, offering strong visibility for revenue well into FY26. The company's quarterly order bookings surged by 40% year-on-year, with exports accounting for a substantial 66% of the total. The company's increasing focus on international markets offers immense growth potential, while the domestic market remains poised for recovery in the coming quarters. Aftermarket and Refurbishment Services: One of the standout growth areas for Triveni Turbine is its aftermarket and refurbishment services. This segment has seen notable growth in revenue share and operates at higher margins compared to its core product sales. With the ability to service and upgrade turbines from other OEMs, Triveni Turbine is uniquely positioned to capitalize on long-term customer relationships and expand its presence in this high-margin segment. Focus on Renewable Energy: As industries and governments globally push for renewable energy solutions, Triveni Turbine’s expertise in waste heat recovery and waste-to-energy systems gives it a competitive edge. The growing demand for renewable energy solutions and decentralized power generation will further enhance the company’s growth prospects in the future. Growth Catalysts Several factors make Triveni Turbine a compelling growth story: Rising global demand for decentralized steam power systems. Strong export performance, with 66% of orders coming from international markets. Expanding margins from high-margin services like aftermarket and refurbishment. Leadership in renewable energy applications, particularly in waste-to-energy and heat recovery systems. Risks to Consider While Triveni Turbine is fundamentally strong and the technical chart signals bullish momentum, there are some risks to be aware of: The subdued domestic performance in Q1 FY25 due to the election cycle. However, this is expected to recover in the coming quarters. Currency fluctuations may impact export margins, as a significant portion of revenue is generated from international markets. Conclusion With both strong technicals and robust fundamentals, Triveni Turbine Ltd. presents a compelling opportunity for both traders and long-term investors. The recent breakout on the chart, combined with the company’s strong order book, growing international presence, and focus on high-margin services, make this stock a strong contender for future gains. However, as always, investors should exercise caution and consider their risk tolerance before making any investment decisions. Given the breakout, the stock is now trading within the buy range of INR 767-805. Those looking to enter should watch for potential pullbacks to the support zone around INR 750 or look for continued strength above INR 805. Disclaimer: This post is for informational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making investment decisions.
NSE:TRITURBINELong
by rajsharmatt
2
Change of Polarity With Good Q2 Results.NSE:JUSTDIAL on Weekly Timeframe Changed its Polarity (Resistance acting as Support), After giving a Breakout and retesting it, it Accumulated in the 512-576 Range. Now, With Good Q2 FY 24-25 Results, it looks good for positional Techno-Funda Trade above 1400 Levels on the Weekly Timeframe. NSE:JUSTDIAL is the market leader in the local search engine segment in India. The Company provides local search-related services to users across India in a platform-agnostic manner. The multi-platform offering includes an App (Android, iOS), a mobile website, a desktop /PC, voice, and text. Check out my other stock ideas below until this trade gets activated, I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:JUSTDIALLong
by Karanshah137
2
INFY: Consolidation near ATHThe stock is consolidating neat ATH where as overall IT sector is on the up-move. This stock is just gathering all power to break and sustain it's ATH. Till now there is no closing above the consolidation but once it is there, this stock has all potential to move up to 2500 levels. DISC: The publication idea is just a technical analysis and should not be considered a buy or sell recommendation. Please consult your financial advisor before taking any trade.
NSE:INFYLong
by trade_opportunities
1
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