2 Amazing swing trading idea for 19 December MarketsI daily make educational content videos for swing / positional trading
Analyzed Gravita and Technoe stocks based on counter-trendline breakout price action, mother candles, and pattern trading. Despite solid setups, I discussed risk management and why I chose not to enter. Perfect examples of amazing price action opportunities!
GRAVITA
PENNANT PATTERN in GRAVITANSE:GRAVITA : Good fundamental stock looking strong on chart
formed Pennant pattern on day chart.
On breaking out pattern can expect more 450-500 points move in stock as pattern target around 2800.
Support levels 2180-2170 zone
good risk reward ratio
for educational purpose only. no buy or sell recommendation
GRAVITA INDIAMarket Cap 7,425 Cr.
Stock PE 31 vs Industry PE 31.6
ROCE 27.6 %
ROE 33.5 %
EBIDT growth 3Years 41.2 %
ROIC 21.5 %
EPS growth 3Years 61.3 %
EPS growth 5Years 72.7 %
EPS growth 7Years 32.2 %
Earnings yield 4.11 %
Promoter holding 66.5 %
Pledged percentage 0 %
PEG Ratio 0.43
Debt to equity 0.65
Piotroski score 5
Chg in FII Hold 0.50 %
Gravita India to Lead processing, aluminium processing, trade (Lead products and aluminium scrap) and dealing in Turn-key lead recycling projects. The Company carries out smelting of lead battery scrap / Lead concentrate to produce secondary Lead metal, which is further transformed into Pure Lead, Specific Lead Alloy, Lead Oxides (Lead sub-oxide, Red Lead, and Litharge) and Lead products like Lead sheets, Lead powder, Lead shot etc. Further, Company has also entered in the PET product manufacturing.
Co’s product is classified into 5 verticals: Lead recycling, Aluminium recycling, Plastic recycling, Rubber recycling, and Turnkey Solutions.
Gravita-A support reversal you shouldn't miss!Gravita is looking strong to retest ATH levels soon.
Stock had given breakdown from trendline support which was a bear trap.
Stock formed double bottom near support and today gave a huge volume move.
If broader markets support, this stock can make new ATH!!
Gravita India - Breakout Setup, Move is ON...#GRAVITA trading above Resistance of 1157
Next Resistance is at 1625
Support is at 886
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Gravita India - Long Setup, Move is ON...#GRAVITA trading above Resistance of 959
Next Resistance is at 1157
Support is at 761
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Gravita India - Long Setup, Move is ON...#GRAVITA trading above Resistance of 798
Next Resistance is at 959
Support is at 596
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Gravita India - Long Setup, Move is ON...#GRAVITA trading above Resistance of 662
Next Resistance is at 798
Support is at 487
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Gravita India - Long Setup, Move is ON...#GRAVITA trading above Resistance of 487.10
Next Resistance is at 662
Support is at 312.50
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 3 (120%) achieved in Gravita India. Target 4 is ON...This is follow-up on Gravita India. Can check link to related ideas.
Target 3 achieved. More than 120%. Target 4 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
#Gravita CnH formed and now upside#Gravita has formed Cup and Handle and also retested the earlier breakout level.
Current Market Price is 461 and abv 470 the price may test 500/540/590 in coming weeks. Stoploss can be taken as 395 on closing basis.
Gravita has posted very good result and the stock is continuously strong with good volume.
GRAVITA - Ichimoku Bullish Breakout Stock Name - Gravita India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 432
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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GRAVITAGRAVITA:- Cup & Handle chart pattern breakout , Cup & handle chart pattern is bullish chart pattern.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Gravita: Breakout ReadyThis relatively less known stock NSE:GRAVITA is showing some pretty interesting breakout ready pattern.
Reasons (Many ways you can view it)
A head-and-shoulder pattern formation near-to-breakout
Rounding Bottom formation completes since Feb'2022.
Closed above a long-term resistance line around 380.
Buy above 388, SL: 379.
GRAVITA - Ichimoku Bullish Breakout Stock Name - Gravita India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 378
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.