Key Observations:
1. Trendline Support: The stock is rebounding from a major trendline support, which also aligns with the support of an upward channel pattern.
2. Volume Activity: There is notable volume action, with current trading volumes being 4-5 times higher than typical daily volumes, indicating strong buying interest.
3. Relative Strength Index (RSI):...
-Posted great growth results 🚀
-overall sector strong
-Young stock, came out from long base breakout
-Tightness on daily n weekly timeframe too. (3WTC)
-Good shakeout (50 ema)
-Volumes good too
-In a very long base, last time it breakout long base gave 80% move in just 20 days. (always read history of stock how it move, how to form base, how it react to moving averages, how volumes come etc etc)
-from strong sector (sector is always imp as strong sector's stocks move faster)
-Good shakeout and Fake-out also there means kicking weak players by hunting...
Traveling is booming in India post covid.
And travel companies are enjoying this piece of pie.
-Posted growth YoY EPS growth, OPM% also improving.
-Near Major resistance, under which it is consolidating for 50 days (good consolidation)
-Good Shakeout, when price went below major ema (here 21 dema) and rally back (also known as MAU&R: Moving Avg Undercut and...
-Posted good results
-Why i am liking this setup so much is : Its rejection from 200 ema(yellow line), that means its staying very little in Stage 4, means strong buying by Institutions (Lots of white dots : 5% move with 1M vol)
-Recovered fast from 4th June (election result day) bloodbath, again strong stock sign.
-in Tightness phase (volume drying), needed...
One Simple Horizontal Line Setup
-Posted great growth results, everything is improving.
-Pharma sector seems strong as it is also near breakout zone.
-That red wick on election results day seems so good, fell with market but cop up fast and took support at 200 ema n come back in good zone again and,
Good shakeout of 100 ema too.
-Yesterday gave squat too (went...
Strong Stock from Strong sector (PSU Bank): IOB, UCO bank, PSB, Central bank of Ind, Maha Bank already showed momentum.
-One simple horizontal line setup, took support from 21 ema. And now squeezed between 10 ema n resistance level.
FSN posted good YoY results with expanding offline too, this can be super combo: online(e-com) + offline for the future growth for the company.
-right now, setup is in stage 1 but in uptrend so VCP concept can apply
VCP : 20W-30/2-4Ts (Contraction for 20 weeks, contracting from 30% to ~2% n total contraction 4 times)
-check Red Arrows how supply is flushing with...
ICT concepts coupled with price action
575 was the best entry as it formed a FVG after a MSS and sell side liquidity was taken out.
Au bank released its earnings and although profits fell, NPA,GPA were down as well showing strong management. NII was up 10% which is another major sign and it beat estimates.
Technical signals
Bullish flag with a bullish...
Biocon is among few stocks which did not participate in Pharma bull run.
However stock has recently given a big volume bounce from its demand zone.
295-300 is an important zone to watch out for as it is a confluence of trendline resistance as well as 200 Week EMA.
1st breakouts are normally traps so use pyramiding to save your capital.
If stock posts good...
Asset: Godrej Industries (GODREJIND)
Timeframe: Weekly and Daily
Technical Analysis:
Weekly Timeframe: The price on the weekly timeframe is indicating a bullish trend, highlighting potential upward momentum in the mid to long term.
Daily Timeframe: Similarly, the daily timeframe is showing positive signals, supporting the optimistic outlook for GODREJIND.
50...
SHRADHA INFRAPROJECTS has formed a nice accumalation in the form of a BASE over BASE setup with goof VOLUME pickups and even 50/200 Daily EMA is following the price well, even showing outperformance compared to index analysis
