Black Friday saleUp to 70% OFF

Head and Shoulders

BPCL bullish trend continueBPCL long term trend is looking bullish. Fibo between the golden retracement plus it has rejected & reversed the head & shoulder pattern along with macd crossover. Above the 100 200 EMA. Cant ignore this price action, 15% upside clearly visible in 4-6 weeks time. Follow the below levels. Target1 611 Target2 628 Target3 647 Target4 666 Target5 688 Target6 700 Fibo extension bonus levels predicted upto 750 levels Day closing below 585 will give selling pressure. Otherwise bullish trend only. Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware. DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
NSE:BPCLLong
by ashishhc
5
A Commodity Chemicals stock to watch for upcoming sessions..Hi Traders !!!! A commodity Chemicals stocks will be on my watchlist for upside potential of around 21%. The CMP is around 274.55. The current chart pattern is making an inverted head and shoulder pattern and price is just around the neckline. A price movement above 278 and sustaining it in hourly candle will confirm the upside protentional. The multiple EMA is merging at this level which also indicates that price trend is towards upside. The RSI is 61.9 which also suggests that bullish momentum is there and not in the overbought condition and has enough room to move upwards. Buy above 278 for the target of 337. The stop loss will be 250. The Stock name is PCBL
NSE:PCBLLong
by SauravAnand
BASML : Swing Trade#BASML : #SwingTrade >> TWS Recently >> Inverse Head & Shoulder Pattern Visible >> Trending setup >> Good Strength & Volumes Buildup >> Low Risk High Reward Trade Swing Traders Book 10% and keep trailing 🚧 Only for Quick 8-10% , not to Hold Longer 🛑Fundamentally stock is not that Good, Stock Picked Purely on Technical Analysis....so can be a Risky Bet Stock can show Quick 8-10-15% ka quick momentum then fall back See Upside Potential is 18% so we can easily target 10%
NSE:BASMLLong
by moneyfesttrading
Are You Ready for CHRUSDT’s Potential Breakout?Yello, Paradisers! Have you noticed the patterns forming on CHRUSDT? Let's dive into the technicals to understand the next big move. 💎CHR has formed a descending channel and within it, an inverse head and shoulders pattern. This combination is increasing the probability of a bullish move. 💎For confirmation of a bullish move, CHR needs to break both the descending channel and the inverse head and shoulders pattern simultaneously. This dual breakout would signal a strong bullish trend. 💎If there is a pullback, we can expect a bounce from the support zone. However, we need an internal change of character (I-CHoCH) here for confirmation. 💎If the support zone breaks down, it will invalidate our entire bullish idea. In this case, it's better to wait for more favorable price action to form before making any moves. Trade Smart, Paradisers! Be disciplined with your strategy, and remember: Consistency is the key to long-term success in the crypto market. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Global Offshore Services Ltd going strong.Technical and Fundamental Anaylysis for Global Offshore Services Ltd. If you like the analysis, please do not hesitate to give boost to the stock idea. ### Price Action Analysis 1. **Head and Shoulders Pattern:** - **Left Shoulder:** Formed around mid-2022. - **Head:** Formed around early 2023. - **Right Shoulder:** Currently forming around mid-2023 to 2024. - This is a typical reversal pattern indicating a potential change in the trend from bearish to bullish. 2. **Ascending Channel:** - The price is moving within an ascending channel, suggesting a gradual increase in price. - The upper and lower boundaries of the channel are acting as resistance and support levels, respectively. 3. **Cup and Handle Pattern:** - A large cup and handle pattern appears to be forming over several years, with the bottom of the cup around 2020 and the handle forming currently. - This is another bullish pattern that can indicate a continuation of the uptrend once the pattern is completed. ### Volume Analysis - **Increasing Volume:** The recent candles show increasing volume, especially around the right shoulder formation, which is a positive sign. This suggests strong buying interest and supports the bullish patterns identified. ### Summary - **Bullish Indicators:** - The head and shoulders bottom pattern, cup and handle pattern, and ascending channel all suggest a bullish outlook for Global Offshore Services Ltd. - Increasing volume and a rising RSI further support the bullish case. - **Key Levels to Watch:** - **Resistance:** The upper boundary of the ascending channel and the neckline of the head and shoulders pattern. - **Support:** The lower boundary of the ascending channel and the recent low of the right shoulder. - **Actionable Insight:** - If the price breaks above the neckline of the head and shoulders pattern with strong volume, it could be a signal to buy. - Conversely, if the price falls below the support levels with increasing volume, it might indicate a potential bearish reversal. Fundamentals from Screener.in Global Offshore Services Ltd. has had a turbulent financial history, with several key metrics providing insights into its performance over the past decade. ### Financial Performance and Ratios 1. **Revenue and Profit Growth**: - The company has experienced negative compounded sales growth over the past 10 years, with a significant decline observed in the last 5 years and 3 years as well - However, there has been a notable improvement in profit growth, particularly in the recent term, with a 70% increase in TTM (Trailing Twelve Months) profit growth 2. **Earnings and Net Profit**: - Despite past losses, Global Offshore Services reported a turnaround with a net profit of ₹38 crores in the most recent fiscal year, a significant recovery from previous years of losses. - The company's EPS (Earnings Per Share) also improved, although it still reflects the volatility experienced in past years. 3. **Debt and Liabilities**: - The company has significantly reduced its borrowings from ₹1,155 crores in 2019 to ₹37 crores in 2024, which indicates a strategic focus on debt reduction. - Total liabilities have also decreased, showing a more manageable financial structure. 4. **Cash Flows**: - Operating cash flow remains positive, indicating that the company's core operations are generating cash, albeit at lower levels compared to earlier years. - Cash from financing activities reflects the company's efforts to repay debt, resulting in negative cash flow from financing. ### Market Performance - The current share price of Global Offshore Services Ltd. is ₹65.21, with a PE ratio of 4.35. - The stock has shown significant gains over the past year, with a 1-year return of 60.86%. - The market capitalization of the company stands at ₹156.02 crores. ### Conclusion Global Offshore Services Ltd. appears to be in a recovery phase, with improved profitability and a stronger balance sheet due to reduced debt. The market has responded positively to these improvements, as reflected in the significant stock price gains. However, investors should remain cautious due to the historical volatility and ongoing challenges in revenue growth.
BSE:GLOBOFFSLong
by brijmohan_h