Infosys inverted head and shoulder- Infosys seems like inverted head and shoulder in weekly chart
- if this stock sustains above the breakout line for few weeks bull run may continue.
This analysis is my own idea.
I don't recommend taking trade based on this idea.
consult your SEBI registered adviser to Know the market risk before.
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Community ideas
MOTILALOFS: Cup and Handle Breakout – Bullish Continuation AheadAnalysis Overview : This chart of Motilal Oswal Financial Ltd NSE:MOTILALOFS highlights a classic Cup and Handle pattern, which indicates a potential bullish continuation. The stock has broken out of this pattern after retesting the neckline, signaling the possibility of further upside.
Key Observations:
The Cup and Handle pattern has formed over several months, signifying accumulation.
After breaking out from the neckline, the stock retested the breakout zone, which is a positive sign for bulls.
The stock is now trading above ₹775.60, approaching a 52-week high of ₹782.90.
Volume Surge: There was a noticeable increase in volume during the breakout, confirming strong buyer interest. Volume remained steady during the retest phase, indicating that the price held firm despite the lower selling pressure.
Technical Insights:
Breakout Confirmation: A clean breakout above the neckline of the Cup and Handle pattern suggests bullish momentum, supported by rising volume.
Retest and Bounce: The retest of the breakout zone has held, providing confidence that this level will now act as strong support.
Volume Significance: The volume surge during the breakout is a positive indicator that institutional buyers may be driving the move. Sustained higher volume will be crucial for further price appreciation.
52-Week High: The stock is nearing its 52-week high, and a successful breach could lead to a strong upward move, with the next targets in the ₹800-820 range.
Trade Ideas:
Bullish: Enter on a breakout above ₹782.90, targeting higher levels around ₹820.00 and beyond, with a stop-loss below the retest level.
Conclusion: This technical setup in Motilal Oswal Financial Ltd offers an attractive opportunity for bullish traders looking for continuation patterns. The clean breakout, successful retest, volume confirmation, and proximity to the 52-week high make this stock one to watch for potential long positions.
EWT – Can Bulls Push NSE JIOFIN to New Highs?Timeframe: Daily
After hitting a low of 202.8, NSE JIOFIN has formed an impulsive cycle. Wave ((2)) has not retraced more than 100% of Wave ((1)). Sub-Wave (3) is a powerful extended wave, reaching 261.8% of the Fibonacci extension of Wave (1). The price has completed Wave (4) at 307, marking an exact 50% retracement of Wave (3).
The impulsive structure is expected to resume following a breakout above the corrective slope. However, if the price encounters strong resistance at the upper channel, there is also a possibility of a triangle formation on the daily timeframe chart. The 337 level will pose a significant challenge for the bulls to overcome.
According to the alternative chart, the price has completed Wave D at 337.95 and has begun forming Wave E. If the price doesn’t break below the low of Wave C, Wave E could alternatively be interpreted as a 1-2 wave formation. If price breaks out 338 , traders can trade for the following targets: 360 – 383 – 405 +. A breakdown of Wave A at 307 will require a reassessment of the entire wave structure
We will update further information soon.
JK Cement Long TradeThe stock formed a rounding bottom on weekly chart. It gave a breakout above the Rounding Bottom Resistance line. Post break out the resistance became support. This support was retested with a follow up upside move testing the next resistance zone. The stock gave a breakout with decent volumes and with RSI moving higher. Ideal set up for long trade with target of rounding bottom being 5250-5300 and SL of 4400.
UTI AMC cmp 1187.95 by Weekly Chart views since listedUTI AMC cmp 1187.95 by Weekly Chart views since listed
- Support Zone at 1165 to 1180 Price Band
- Volumes seen rising by spikes intermittently
- Weekly basis : Support at 1123 > 1005 > 895 with Resistance is only at ATH 1219 done today
- 3 years long timeframe Bullish Rounding Bottom completed by New ATH 1219 along with Price and Volumes breakout
ICICI Prudential Life Insurance - STOCK Analysis
ICICI Prudential Life Insurance - STOCK Analysis
This chart of ICICI Prudential Life Insurance (NSE) shows a strong bullish recovery:
Key Observations:
Current Price:
The stock is trading at ₹767.60, down by ₹1.75 (-0.23%) for the day.
Rectangle Pattern:
The chart displays a double bottom pattern, similar to the previous chart of HDFC Life, where the price declined significantly twice and then bounced back.
The highlighted box shows the price drop of ₹327.65 (-45.51%) and the subsequent recovery.
Price Projection:
The projected price move is indicated by the blue arrow, suggesting a 44.48% upside from the current levels, with a target price of around ₹1,100.
Volume (CVD - Cumulative Volume Delta):
The CVD shows 92.16K, indicating strong buying momentum, which reinforces the bullish trend.
Fundamental Analysis of ICICI Prudential Life Insurance:
Strong Market Position:
ICICI Prudential Life is one of the largest life insurance companies in India, holding a significant market share with a wide customer base. It has a robust distribution network through ICICI Bank branches and other channels.
Profitability:
Net Premium Growth: The company has been recording steady growth in its premium collection, showing resilience despite market volatility.
Solvency Ratio: As an insurance company, ICICI Pru Life maintains a strong solvency ratio, which is essential for long-term growth and policyholder trust.
Investment Portfolio:
Insurance companies heavily invest in various financial instruments, and ICICI Pru has a balanced and diversified portfolio in equity and debt markets. This helps in managing the risks associated with market fluctuations and improving returns.
Competitive Edge:
Technological Adoption: ICICI Pru has been leveraging technology to improve customer experience, with innovations in policy issuance, claims processing, and online platforms.
Risks:
Interest Rate Sensitivity: Like all insurers, ICICI Pru’s performance is linked to interest rates. Rising rates could affect investment portfolios and policyholder returns.
Regulatory Changes: Changes in insurance regulations could impact the company’s operations and profitability.
Overall Analysis:
The technical chart suggests a strong bullish trend, with a potential upside of 44.48% if the projected pattern completes.
Fundamentally, ICICI Prudential Life is in a solid position with stable financials, market leadership, and technology-driven growth.
Long-term investors may consider this stock given its strong fundamentals and technical signals. However, investors should monitor macroeconomic factors like interest rates and insurance regulations.
5 Important Lessons to Learn From the MarketsYou Can Never Outsmart the Market
Detailed analysis 🧐and strategies are not enough to survive in the market. There are several other economic or geo-political factors that may influence the movement of the market. If market is flying higher due to positive factors, there is no point in going reverse and shorting stocks or indices. Conversely if the market is going down, its good to wait and watch rather than going all in. A popular saying that mostly works in the markets is that a trend🚀 may last longer than you can expect.
Its Stock Market, Not Casino
A few elements like risk management, position management, diversification, research etc. differentiate the Markets from Casino🤑. However, most new traders enter the market with a dream of overnight richness. Social media influencers add fuel to this fire and soon this fire🔥evaporates the entire capital of new traders. One needs to realize that the stock market is a business which will develop and grow gradually.
Stock Market as Primary or Secondary Source of Income?
People from mediocre business or salary class come to the market, make some money with beginner’s luck, become confident, keep increasing capital and become more and more confident😵. Ultimately, they start thinking of quitting their job or ignoring their business. But finally, the dooms days follow, and they start losing and losing till they lose it all. One may think of stock market as a primary source of income if one is profitable for at least a year (3 years would be good though🤔). Secondary sources of income are must because all traders lose in their initial phase. In fact, keep the market as a secondary source for 1-3 years.
Stock Tips Will Burn Your Fingers
Relying on stock tips from friends, news sources, or social media can be risky. Most tips are randomly picked without any research. Blindly following them without conducting your own research would lead to poor investment decisions and must financial losses. Most people have time⏳ constraints, but they must first learn the market nuances by using small capital and making small losses. Improve their knowledge for at least 3-6months and then go for some reliable advisory service. Do your own research on their tips rather than blind👩🦯 faith.
Your Portfolio May Lag in a Bullish Market
Rising market would not always lead to rise in your portfolio. Your portfolio performance may still be stagnant👎 even when the market is up by 15%👍. It all depends upon the performance of your stocks. Its always good to keep blue-chip or good midcap stocks in your portfolio. Generally, they will perform in-line with the indices. Investing in penny stock hoping for a lottery might be highly disappointing and may lead to further worst decisions in future. Self-education📕 is the best investment.
I hope this small effort would help some new traders.
All views are personal.
Keep boosting 🚀for more educational content in future.
WiproDate 03.09.2024
Wipro
Timeframe : day chart
Remarks :
Strong/Breakout
1 If breaks out from cup & handle neckline + 50% of fibonacci + resistance band of developing symmetrical triangle, that's a good breakout. Target could be 61% of fibonacci
Weak/Breakdown
1 If breaks down from 38% of fibonacci + goes below handle + moves below support band of developing symmetrical triangle, that's a weak set-up. Target could be 23% of fibonnaci.
*For swing support can take input of 20,60 & 200 ema combination. See if any divergence or convergence.
Regards,
Ankur
Trendline Breakout in years
⭕ Swing Trading opportunity ! Weekly Chart Alert !!!⭕
======================================================
Technical Reasons to trade or Strategy applied :-
Bajaj Finserv Ltd
Good Breakout of Trendline in years
100 EMA is also supporting
Strong Price Action
Breakouts:- Breakouts indicate the potential for the price to start trending in the breakout direction. For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher.
Support Zone :-A zone of support provides high probability areas where a reversal or continuation of the trend may occur.
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SBC Exports Ltd: Cup & Handle PatternSBC Exports Ltd: Cup & Handle Pattern
BO soon stock
33 weeks long base
27-83 % 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(:)
BREAKOUT TRADEUTIAMC on verge of a nice breakout trading at all time high.
If weekly candle closes strongly one can enter for a good swing trade placing stoploss at weekly candle low.
Also in daily timeframe price is moving continuously higher with higher high and higher low.
Keep Learning,
Keep Trading.
⚠️Disclaimer: The views expressed here are merely personal opinions. Nothing mentioned here should be considered as advice or recommendation.
Please consult with your financial advisors before making any investment decisions.
If you’d like more examples or have other questions, just ask—I’m here to help! 😊🚀
United Drilling Tools LtdUnited Drilling Tools Ltd break out of long term trend line with huge volume and retesting of trend line and 50EMA also done.Now price most likely should go to target 1 of 25% upside and target 2 is 75% upside.
Its just only for analysis purpose.Please do your due diligence before jump into any trade.
ARIHANTCAP - Inverted Cup and Handle -Wkly-Breakout - LongARIHANTCAP - Inverted Cup and Handle -Wkly-Breakout - Long
It has two pattern -Symmetrical triangle and Inv CnH.
Name - ARIHANTCAP
Pattern - Inverted head and Shoulder
Timeframe - Wkly
Status - Breakout with good volume
Cmp - 99.7
Target - 138.3
SL - 75.5/85
Pattern : Inv Head and shoulder
The Inverted Head and Shoulders pattern is a bullish reversal pattern
Fundamentals
Here are some key fundamentals of Arihant Capital Markets Limited (ARIHANTCAP):
Market Capitalization: ₹787.09 crore.
Share Price: Around ₹76 as of the latest trading session.
Price to Earnings (P/E) Ratio: 12.40.
Revenue: ₹200.72 crore for the trailing twelve months.
Net Profit: ₹47.82 crore for the same period.
Dividend Yield: 0.75%.
Return on Equity (ROE): 18.12%.
These metrics indicate a solid financial performance with a focus on profitability and growth.
Digital Technologies Co. Stock given Breakout with huge VolumeHello everyone, i hope you all will be doing good in your life and your trading as well, today i have brought a stock which has given a breakout of symmetrical triangle pattern with huge volume spike , generally whenver you see huge volume on the same day of breakout you can consider that as a healty breakout of that perticular company. Stock name Datamatics global services Ltd, and it is a Digital Technologies, Digital Operations, and Digital Experiences company that enables enterprises to go Deep in Digital to boost their productivity, customer experience and competitive advantage. Datamatics enables enterprises to combine various relevant Digital Technologies to improve productivity and customer experience to build sustainable competitive advantage.
Technically stock has given breakout of symmetrical triangle pattern and stock is sustaining above to breakout levels and currently it is above to 200-DEMA , which is a good sign of bullish reversal. MACD also suggesting a bullish crossover.
Note:- I have not placed MACD & 200-DEMA on chart to make chart crytal clear.
Fundamentally stock is really awesome, companies management is very good, they understand the business very well, as there is too much competitions in their business but still they are surviving like a leader in sector. It is really a good bet for long term as welll as short term . if you are planning to invest for long term, then i will suggest you to go and start SIP in this. For short term to medium term targets and stop loss, i already have mention on chart above. Please follow stricly.
Market Cap
₹ 4,088 Cr.
Current Price
₹ 693
High / Low
₹ 792 / 450
Stock P/E
21.7
Book Value
₹ 208
Dividend Yield
0.72 %
ROCE
21.2 %
ROE
16.6 %
Face Value
₹ 5.00
Industry PE
40.7
Debt
₹ 17.4 Cr.
EPS
₹ 31.6
Promoter holding
66.4 %
Intrinsic Value
₹ 382
Pledged percentage
0.00 %
EVEBITDA
14.3
Change in Prom Hold
0.00 %
Profit Var 5Yrs
20.8 %
Sales growth 5Years
6.46 %
Return over 5years
57.3 %
Debt to equity
0.01
Net profit
₹ 186 Cr.
ROE 5Yr
15.6 %
Profit growth
-4.54 %
Earnings yield
6.08 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
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BAJAJFINSV - Symmetrical Triangle Breakout🔊 BAJAJFINSV- Symmetrical Triangle Breakout
BAJAJFINSV- BAJAJ FINSERV LTD.
⌛Duration - Short Term (4 month to 8 month)
📊📈 Trade Logic - Symmetrical Triangle Breakout
CMP - 1783
Time Frame - Weekly
🎯Target 1 : 1950
🎯Target 2 : 2200
🎯Target 3 : 2475
🎯Target 4 : 2750
🛑 Stop : 1500
🏆 Risk/Reward Ratio (1: 3.3)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
CHALET HOTELS Breakout Potential from Symmetrical Triangle
✅ The stock is trading within a symmetrical triangle pattern, with the price approaching the upper trendline near 850. A breakout above this level could signal a continuation of the bullish trend.
✅ The RSI is trending upwards and is around 59, indicating increasing bullish momentum. The stock has been respecting both the upper and lower boundaries of the triangle, setting up for a possible breakout.
✅ If the stock successfully breaks above the upper trendline, it could target higher levels, with 900 as a potential next resistance level. Traders should watch for a confirmed close above the trendline to validate the breakout.
MPHASIS - Symmetrical Triangle MPHASIS
Name - MPHASIS
Pattern - Symmetrical triangle
Status - Breakout
Cmp - 3104
Target - 5209
SL - 2670
Fundamentals : Good
Here are some key financial ratios for Mphasis Limited:
Price-to-Earnings (PE) Ratio: 28.71
Price-to-Sales (P/S) Ratio: 3.862
Debt-to-Equity Ratio: 0.093
Return on Equity (ROE): 15.2%3
Net Profit Margin: 11.6%3
Enterprise Value to EBITDA: 21.022
These ratios indicate Mphasis’s valuation, profitability, and financial health. The company has a relatively high PE ratio, suggesting it is valued at a premium compared to its earnings. The low debt-to-equity ratio indicates a conservative approach to leverage.
Pattern
A symmetrical triangle pattern is a common chart pattern in technical analysis that indicates a period of consolidation before the price breaks out, either upward or downward. Here are the key features:
Structure
Converging Trendlines: The pattern is formed by two trendlines that converge towards each other. One trendline connects a series of lower highs, and the other connects a series of higher lows12.
Volume: Typically, volume decreases as the pattern progresses, indicating a reduction in trading activity and volatility1.
Interpretation
Neutral Pattern: The symmetrical triangle is considered neutral, meaning it can signal either a continuation of the existing trend or a reversal, depending on the breakout direction12.
Breakout: A breakout above the upper trendline suggests a bullish move, while a breakout below the lower trendline indicates a bearish move12.
Trading Strategy
Entry Point: Traders often enter a position when the price breaks out of the triangle with increased volume.
Price Target: The price target is typically estimated by measuring the height of the triangle at its widest point and projecting that distance from the breakout point1.
Stop-Loss: A stop-loss order is usually placed just below the breakout point to manage risk1.
Analysis Infosys 📊 Script: INFOSYS LTD
📊 Sector: IT
📊 Industry: IT - Large
Key highlights: 💡⚡
📈 NIFTY IT and Infosys charts seem to move in the same direction even so that the chart patters are same for weekly time frames. NIFTY IT (42913) and Infosys(1953) both touched all time high on Friday 30-08-2024.
📈 As per weekly charts of Infosys the stock touched the all time high of 1953 in Jan 2022 and since then this have been a major resistance to breakthrough. Also, if we analyse the 15 min time frame the stock again tested this resistance level on Aug 28th. Considering this we can say that this the psychological resistance for the stock to break.
📈RSI for the weekly and 15mins time frame is in overbought zone and stock is trading above 50 EMA and 200 EMA. 50 EMA being the key support level in 15 min time frame. MACD is also at zero line for 15 mins. Stock has made green candles with each candle closing above the open of the previous candle and with good volumes.
📈 Considering the above analysis we need to wait for next candle and move in NIFTY IT on Monday. If the market moves up then we can expect INFY to cross 2000 levels. IF the stock falls then the key support levels will be 1930 and 1910 levels.
⏱️ C.M.P 📑💰- entry at 1950
🟢 Target 🎯🏆 - 2100
⚠️ Stoploss ☠️🚫 - 1875
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
A contender to do 10x-15x from CMP in next 2-3 Years.Technical Analysis : Notes on Chart, Price is in Uptrend for the First time since its inception in 2008, 15 years ago.
Fundamental Analysis : I would say Average or below average FA for an investment. As Cash Flow does not look, Company got positive results only from last 2 years. P/E ratio is high around 140 but in small caps usually it is the case. But the Solvency Ratio looks good and so Assets are good for long and short term both copared to Liabilities. Next Results are in November and would be a good time to re-evaluate the position.
Just from the view of Fundamentals, Its not a screaming buy or more opportunities can be looked, But from the prespective of Technical Analysis a small risk is worth in it. TA wise the Signal is "BUY" Considering the Position may see drawdown of 50-60% also, Be wise to manage Risk Management for this Investment.
#DYOR for more. 👍
#Positional / #Long_Term
