EID Parry Cup & Handle patternOne of the fundamental companies of sugar industry is eid parry. Good capital allocation. Increasing ROCE
Fibonacci
EID Parry Fresh short targetDistilleries are going good in EID parry. Ethanol blending at 15% now. Will be 18% in FY25 and 20% in FY26. Recently parry reached in cup target. Have set new target now.
BHEL : bullish after this breakout
INVERTED HEAD AND SHOULDER pattern Breakout -
the stock has broken out of the inverted head & shoulder pattern with gap-up indicating bullish momentum for the stock till the target is reached
50D SMA SUPPORT -
the price has repeatedly taken support from the 50D sma line for last few days signaling upside potential for the stock
REVERSAL FROM FIBONACCI RETRACEMENT LEVEL (0.5) -
price has recently reversed from the 0.5 fibonacci retracement level with perfect accuracy which denotes bullish momentum for the stock after the reversal
PROFIT -
the target is 266.90
Education purpose only - NTPCAfter the hype stock has come down which 23.6% from its peak as per fib level... it is near its 50 Weekly EMA... govt expenditure is going to increase... is it the time to bounce back..
It will further strengthen if it closes above current week high which 373... lets see how the future will unfold..
Education purpose only - GodrejPropStock has taken support at a crucial level 2600/-
Started its run again...
if it crosses its recent high i.e. 3016
than march towards ATH 3400
SL should be 2800
other indicators are also suggesting strength..
MARICO - Breakout & Retest Setup!Overview & Observation:
1. 70% Fib support zone.
2. Good volume support
3. Breakout & Retest done.
Trade Plan:
1. Eyeing 20% upside with 10% SL
2. RRR is okay, not great!
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
IT SECTOR OVERVIEW: Super Bullish!Observation & Overview:
1. The IT Index was beaten down in late 2022.
2. After 2023 it formed a bottom and prices started gaining strength.
3. 2024 price started forming Higher Highs & Higher Lows, touched the previous 2022 ATH and currently, taking support from the 50% of the swing and also bouncing from a D tf demand.
4. It is acting as a major support zone and good weekly candle rejection can be noticed.
5. Signs of buyers getting dominant and it should break the ATH soon.
6. I'm expecting a minimum 15% ROI from this sector turnaround.
7. Hopefully, with sector rotation this sector is going to gain momentum eventually.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
UPST Above 90 could mean 120. BullishThe chart has no limits it seems, holding demand zones and MAs with volume as confirmation, we also see support above the monthly box zone we just exited.
The institutional data on this shows $95-$100 as a focus target.
NFA - looks good according to my rules.
OLA!Important Risk-Reward Ratio
The gray zone shows where price is "testing" support or resistance.
If the price breaks above this zone, it could move upward quickly.
The Fibonacci lines act as guidelines for where the price might go.
Education purpose only - PaytmStock is at the cusp of major BO..
It has broken once previous recent high of 988 than corrected...
now again on uptrend..
Above 1000
SL 888
Target 1277
lets see how this hypothesis will play..
Dynamic cables Triangle Breakout RoaringTriangle pattern breakout. After hitting T2 1131.85, Will head to 1391.60 which is 261.8% Fib level
Time Analysis - Elliott Wave combinationSWAN ENERGY LTD is in impulse now.
In the daily chart of SWAN ENERGY LTD, Flat Correction is getting over and the price is entering in impulse now. This can be said if we combine Time analysis with Elliott wave counting.
The detailed counting of this Flat Correction can be seen in the chart above.
The 0-B trendline is broken in half time of wave C time.
(We can see wave C took 59 bars to form and after that, the price breaks above the 0-B trendline in just 30 bars)
According to the rule, the Flat Correction is over and the price is in impulse now.
The price will go to 127% for sure here, which gives us a price level of 875.45.
This analysis is based on Elliott Wave theory and Fibonacci with time analysis.
This analysis is for educational purposes only.
Indus Towers Technical Analysis: Fibonacci Support and BreakoutThe chart of **Indus Towers Ltd.** using Fibonacci retracement levels, trendlines, and RSI (Relative Strength Index). Here's a detailed breakdown:
### Observations:
#### 1. **Fibonacci Retracement Levels**:
- Key levels drawn: **0.236 (₹426.50), 0.382 (₹405.25), 0.5 (₹388.05), 0.618 (₹370.85), and 0.786 (₹346.40)**.
- The price has retraced significantly from the recent high and is hovering around the **0.786 retracement level (₹346.40)**, indicating a potential **support zone**.
#### 2. **Trendline and Breakout**:
- The chart shows a **downward trendline** connecting lower highs.
- A breakout above this trendline is evident, followed by a **retest of the breakout zone**, aligning with the Fibonacci support around ₹346.40.
#### 3. **Touches and Reversal Points**:
- Multiple resistance touches (labeled "Touch") at the upper trendline before the breakout.
- After the breakout, there was a retracement, suggesting a **possible higher low** if the price holds above the ₹346 level.
#### 4. **RSI Indicator**:
- The RSI (Relative Strength Index) is near **55.91**, which is neither overbought nor oversold, but it indicates **neutral to slightly bullish momentum**.
- RSI is approaching the midline, suggesting potential upward momentum if it sustains above the 50 level.
---
### **Key Levels to Watch**:
1. **Support Zone**:
- ₹346.40 (Fibonacci 0.786 level).
- Below this, ₹315.20 (Fibonacci 1.0 level) acts as the next major support.
2. **Resistance Zone**:
- ₹370.85 (Fibonacci 0.618 level) and ₹388.05 (Fibonacci 0.5 level) are immediate resistances.
- Breaking above ₹388 could indicate a resumption of the bullish trend.
---
### **Conclusion**:
- **Bullish Scenario**: If the price holds above ₹346 and breaks ₹370, it could rally to ₹388 or higher.
- **Bearish Scenario**: A break below ₹346 might push the price towards ₹315 or lower.
- Keep an eye on the RSI; a move above 60 could strengthen the bullish case.
Would you like further insights or trading strategies based on this analysis?
NAM-INDIA Interesting Time analysis with Fibonacci Time zonesOn NAM_INDIA when you apply Fibonacci Time on Oct 2018 trough to Mar 2020 trough you see each subsequent peak or trough is formed on next Fibonacci like peak was formed on 2nd and trough was formed on 3rd.
Stock is out of consolidation last week, making newer highs, no overhead resistances, and last week highest 52 weekly volume was seen. This give idea that by 5th Fib time zone it can remain upwards trajectory.
Combining this with basic macro and qualitative analysis can also give us hint. You know that mutual funds inflows have drastically increased in recent years so Nippon is likely to be biggest beneficiary of rising mutual funds investments. As on Oct 2024 this is 4th largest company in India as per Assets under Management(AUM) other are 1. SBI Mutual Fund(Not listed), 2. ICICI Prudential (Not listed), 3. HDFC AMC (Listed but already a mega cap).
Disclosure : I have added first tranche in stock and will add more on pullback and bounce from 730 zones with max 6-7% stop.
Do let me know your thoughts in comments.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgment while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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NIFTY - expecting upside with support at 24440 to 24340In hourly TF, the oscillator is in buy mode, but expecting a dip towards the support/buy zone (24440 - 24340). Once we start trading above 24600 then expecting the upside level of 25130 and 25275 in the coming days. But todays low is very important for this to play out.
NIFTY - if low of 24575 holds, then it'll move higher till 24750Nifty in hourly chart gave a buy and then sell still the movement is not good. I think if the low of 24575 holds, there mighty be a move to upside till 24750.
Greaves Cotton at All Time HighNSE:GREAVESCOT
Greaves Cotton at All Time High. Stock may retest 230-235 level before reaching to Fib 61.8% upside near 300 level.
Lloyds metals & energy getting ready - Commodity energy themeLloyds metals & energy has stellar fundamentals of more than 50% ROE over last 1,3,5,10Y and excellent double digits sales & profit growth as well. Double digit ROCE, high operating cash flow with improved and sustained profit margins since 2022. Power generation is a theme that's in progress and lloyds is part of this energy theme.
Volume isn't shown. Price breakout not happened yet but RSI broke out. Price would follow. Today gapup opening of 20 rupees visible in 15 min chart has also been filled.
AMBERAMBER has given approx 20% correction from the top. Retraced about 50% from recent rally. If it doesn't close below 5700 then it may take a good bounce and me resume its rally from this levels. Risk-reward is quite in favor. RSI reversal on daily time-frame also observed. Keep it on radar. AMBER is one of the stock which IMO seems fundamentally strong as well. Do your due diligence.
POONAWALLA Analysis!On this chart, there are special lines called "Fibonacci levels," which help guess where the price might stop or change direction.
Here's the easy part:
Fibonacci Levels: Think of these as road signs on the chart. They show where the price might find support (like a safety net) or resistance (like a ceiling).
Blue Arrow: This arrow suggests that the price might go up.
Price Increase Note: The chart says that the price could increase around 20%.
feel free to ask! 😊
RAJRATAN GLOBAL, POSSIBLE BREAKOUT CANDIDATERajratan Global, CMP 499, witnessed huge correction from ATH.
Seems like at the bottom of both rounding bottom patterns, one
from its intermediate level as well as another from ATH level.
Important Support & Resistance levels are marked. Trendline
breakout will also coincide with up movement in rounding bottom,
again with due respect to key price levels.
Tata motors - Buy in weekly TF with a dip expectedIn weekly timeframe, the oscillator is in buy mode, we may get one more dip or we may spend time around the support. If the support does not break we may move to 950-1000 minimum as a retracement of the entire fall.
CSB BANK swing+positional bullishHello Everyone,
CSB bank taking Ema 200 supporrt and rsi positive divergence also a trendline support reatrce 50% from high overall bullish view 360,390,440+ possible.
