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Fallingtrendlinebreakout

Falling Trendline and Neckline Breakout seen in fertiliser stockHello everyone i have brought a stock which has given breakout of falling trendline pattern and later on it has given breakout of neckline with huge volume spike. Stock name is Deepak Fertilisers and Petrochemicals Corporation Ltd. It is Incorporated in 1979, this is in the business of fertilizers, agri services, bulk chemicals, mining chemicals and real estate. Technically stock is looking very positive on chart, it has given breakout of triangle pattern with volume. Price is above 200-DEMA. Stock is giving bullish crossover on macd indicator. After falling trendline breakout, stock has given breakout of it's neckline in today's session. Everything suggesting a uptrend in coming few days to month. So if anybody wants to accumulate at this levels can do and add more if you get some lower levels on chart around 650. Market Cap ₹ 9,381 Cr. Current Price ₹ 743 High / Low ₹ 759 / 450 Stock P/E 21.2 Book Value ₹ 428 Dividend Yield 1.13 % ROCE 11.6 % ROE 8.45 % Face Value ₹ 10.0 Industry PE 41.1 Debt ₹ 4,149 Cr. EPS ₹ 35.0 Promoter holding 45.6 % Intrinsic Value ₹ 1,014 Pledged percentage 0.00 % EVEBITDA 9.34 Change in Prom Hold 0.17 % Profit Var 5Yrs 50.4 % Sales growth 5Years 5.17 % Return over 5years 45.5 % Debt to equity 0.77 Net profit ₹ 457 Cr. ROE 5Yr 15.6 % Profit growth -62.7 % Earnings yield 8.39 % 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. Thankyou.
NSE:DEEPAKFERTLong
by TraderRahulPal
Falling Trendline Breakout & Double Bottom Pattern in VoltasHello Traders, i have brought another analysis on a pattern breakout which called (Falling Trendline Breakout & Double Bottom Pattern Breakout). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this next time, at least you guy's will be able to trade. So Let's start:- Q:- What is Double Bottom? Rahul:- It is a Bullish reversal pattern that appears after a defined downtrend and signifies a meaningful reversal on completion of the pattern. This Pattern is easy to spot on chart. It resembles with English letter "W". This pattern shows that sellers have lost the battle and the price is likely to go up from here on. Now, a long entry could be taken once the price breaks the neckline o the upside, but guy's here we have not seen proper neckline breakout, But still momentum is bullish from here, so in the anticipation of neckline break, we have taken our best entry in the range of 880-850, and we have kept our stop loss at 778. Guy's so this was the Double bottom pattern setup. So if you see this type of pattern in any stock you can trade now accordingly. So now let's focus about company background. Voltas is engaged in the business of air conditioning, refrigeration, electro - mechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore) and engineering product services for mining, water management and treatment, construction equipments and textile industry. Market Cap ₹ 28,789 Cr. Current Price ₹ 870 High / Low ₹ 994 / 737 Stock P/E 87.1 Book Value ₹ 165 Dividend Yield 0.49 % ROCE 9.74 % ROE 4.42 % Face Value ₹ 1.00 Debt ₹ 651 Cr. EPS ₹ 4.70 PEG Ratio -5.52 Promoter holding 30.3 % Intrinsic Value ₹ 126 Pledged percentage 0.00 % EVEBITDA 42.8 Important levels for Voltas Ltd. Buy in between 880-850. Targets we can see 1047/1332/1460+ Keep Stop loss at 778 Price is above 200 EMA( Even we got Breakout of 200 EMA on friday session). We have seen Proper Breakout of Falling Trendline Pattern and Double bottom also. Price is sustaining above breakout trendline. MACD and RSI has given bullish crossover (I have not placed RSI here as i want chart neat and clean but i have analysed already) 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. Thankyou.
NSE:VOLTASLong
by TraderRahulPal
8
Rocket has been launched after Breakout of PG Electroplast Ltd.PG Electroplast Limited is the flagship company of the PG Group, and is one of the leading players in India in Electronics Manufacturing Services. It is a diversified EMS providing OEM and ODM solutions for complete product and component manufacturing. Market Cap ₹ 3,759 Cr. Current Price ₹ 1,653 High / Low ₹ 1,716 / 821 Stock P/E 39.6 Book Value ₹ 174 Dividend Yield 0.00 % ROCE 17.3 % ROE 21.9 % Face Value ₹ 10.0 Debt ₹ 577 Cr. EPS ₹ 41.9 PEG Ratio Promoter holding 61.2 % Intrinsic Value ₹ 999 Pledged percentage 0.00 % EVEBITDA 20.5 Guy's we have seen neat and clean Falling Trendline Breakout in PG Electroplast. Now this can become Rocket as buyers going to enter here to ride the rally. This Breakout getting support of Volumes. Volumes is an important indicator that can often confirm whether a Stock has given a valid Breakout or a false Breakout from a support or resistance trendline. A valid or genuine Breakout occurs on high volumes while a false breakout occurs on low Volume. Hence in case of a Breakout, it is a very important to look at Volumes. Some Positive Technical Factor about this Ticker:- Price is above 200 EMA We have seen Proper Falling Trendline breakout with Good Volume Price is sustaining above breakout trendline MACD and RSI has given bullish crossover (I have not placed RSI here as i want chart neat and clean but i have analysed already) 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. Thankyou.
PLong
by TraderRahulPal
10