TATA COFFEE : Technical Analysis
TATA COFFEE 2023
Simply pointing some point to study the TATA COFFEE chart.
1. Simply in a uptrend zone.
2. Forming rectangle
3. Above 50 EMA.
4. Q2 result is good
5. bullish for long.
6. Risks & Rewards (2:1)
Conclusion:
My analysis shows potential strong bullish run.
I am not a sebi registered analyst. My studies are for education purposes only.
Indianstockmarket
AVADH SUGAR ENERGY Technical AnalysisAVADH SUGAR ENERGY
Simply pointing some point to study the Avadh sugar chart.
1. Its forming higher high and higher low
2. Avadh sugar in uptrend
3. above 50 MA.
4. Risks & Rewards (2:1)
Conclusion:
My analysis shows potential strong bullish run.
I am not a sebi registered analyst. My studies are for education purposes only.
FAZE THREE LTD - BOTTOM TRIANGLE & BULLISH WEDGE"Bottom Triangle" chart pattern formed on Faze Three Ltd ( NSE:FAZE3Q ). This bullish signal indicates that the stock price may rise from the close of 477.80 to the range of 507.00 - 520.00.
The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation and forming bullish wedge.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
NARAYANA HRUDAYALA Technical analysisSimply pointing some point to study the NH chart.
1. Its above 50 EMA
2. Gap up
3. NH in uptrend
4. Breakdown consolidation recently
5. Wait for retracement
6. Risks & Rewards 2:1
Conclusion:
My analysis shows potential strong bullish run.
I am not a sebi registered analyst. My studies are for education purposes only.
Bullish Pennant and Double Bottom BreakoutWeekly chart analysis of NSE:LATENTVIEW
A bullish pennant has been seen on weekly chart pattern. In technical analysis that usually forms after a strong price movement upward, followed by a brief consolidation period.
A double bottom is a bullish chart pattern observed in technical analysis. It usually occurs after a downtrend and signifies a potential reversal in the price of an asset. The pattern resembles the letter "W" and consists of two troughs at approximately the same price level, separated by a peak (the pattern's central point), the same has been marked on chart .
Key Points:
Continuation Pattern: The bullish pennant is generally considered a continuation pattern.
Traders interpret its formation as a temporary pause or consolidation within the broader upward trend before the price is likely to continue moving higher.
Breakout: The pattern is confirmed when the price breaks above the upper trendline of the pennant, accompanied by an increase in volume. This breakout signals a potential resumption of the prior uptrend.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
INDIGO PAINTS 1MIndigo paints is forming a inverse head and shoulder on a monthly timframe. Company have a very good fundamentals and a good PE ratio as compared to the Industry PE ratio. the stock price a=can shoot up once it break the marked resistance. You can take trade according to your own analysis.
TCS - Looks Good!Reason- NSE:TCS - Double bottom pattern with piercing candle on Daily Chart.
Duration 7-15 days
The Double Bottom pattern emerges within a downtrend when the price hits two lows at approximately the same level. During this formation, the volume tends to taper off, indicating a decrease in the selling pressure. At each low point, there might be a slight increase in volume, although it's generally less pronounced during the second low. The pattern's completion occurs when the price surpasses the highest high between the two lows, confirming a bullish signal and signaling a potential upward breakout.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
BATAINDIA: Buy for Long TermThe stock bounced back from it Fibonacci retracement of more than 0.618 of 1370.45 as of 20th March 2023, from its all time high of 2182.75 reached on 16th Nov 2021, falling more than 37% from it all time high.
The stock had bounced to 1771.45 on 8th Aug 2023 and back to a low of 1530 on 9th Nov 2023.
Since then the stock has broken out of its downward trend line on the daily chart on 15th Nov 2023 with more volumes than the previous day and is now trading at 1603.06 as on 16th Nov 2023.
INFERENCE:
The Stock can be bought at these levels and accumulated if it drops further with a STOP LOSS around 1550 levels.
The stock looks good for a decent capital appreciation in the long run.
TARGET: We can expect a medium term (4 to 6Months) target of around 1900/-
The stock should show strength once it crosses the weekly downward trend line. The company has been paying dividends regularly but the yield is less than 1%
BCPL Railway Infrastructure Ltd - Continuation Wedge (Bullish)A "Continuation Wedge (Bullish)" chart pattern has emerged on the BCPL Railway Infrastructure Ltd (BSE) stock .
This pattern, suggesting a potential upward movement, implies that the stock, currently closing at 58.26, might experience an increase in the range of 75.00 to 79.00.
This pattern took shape over a span of 33 days, roughly aligning with the anticipated time frame for the stock to reach the projected price range.
These observations are based on established principles of technical analysis.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
BMW INDUSTRIES LTD - TECHNICAL AND FUNDAMENTAL ANALYSISTechnicals
Bullish Momentum - Above Short, Medium and Long Term Moving Averages
The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend.
MACD + RSI POSITIVE
Pattern: Symmetrical Continuation Triangle (Bullish)
The stock is seeing buyer demand, and is bullish across its technicals compared to the rest of the stock universe
Stochastic(20,3) 94.51 Overbought
RSC (6 months) 104.33 Outperformer
Fundamentals
POSITIVE
Annual Revenue rose 24.1%, in the last year to Rs 571.5 Crores. Its sector's average revenue growth for the last fiscal year was 9.8%.
POSITIVE
Quarterly Revenue rose 16.1% YoY to Rs 158.6 Crores. Its sector's average revenue growth YoY for the quarter was 0%.
POSITIVE
Annual Net Profit rose 57.7% in the last year to Rs 54.5 Crores. Its sector's average net profit growth for the last fiscal year was -53%.
POSITIVE
Quarterly Net profit rose 81.2% YoY to Rs 15.6 Crores. Its sector's average net profit growth YoY for the quarter was -34.9%.
POSITIVE
Stock Price rose 60.1% and outperformed its sector by 4.2% in the past year.
POSITIVE
Price to Earning Ratio is 16.2, lower than its sector PE ratio of 33.3.
POSITIVE
Debt to Equity Ratio of 0.4 is less than 1 and healthy. This implies that its assets are financed mainly through equity.
NEGATIVE
Return on Equity(ROE) for the last financial year was 9%, less than 10%, indicating an inefficient use of shareholder's capital to generate profit.
NEUTRAL
Promoter Share Holding stayed the same in the most recent quarter at 74%.
POSITIVE
Interest Coverage Ratio is 5.8, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).
POSITIVE
Promoter Pledges are zero.
Currently valued at Good to expensive valuation
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
Hazoor - Bullish Technical chart patternA Symmetrical Continuation Triangle (Bullish) is a technical chart pattern used in technical analysis to predict potential price movements in financial markets, particularly in stocks, currencies, and commodities. The same has been identified in daily-chart of BSE:HAZOOR Hazoor Multi Projects Ltd.
This pattern is characterized by the following key features:
Two Converging Trendlines: The pattern consists of two trendlines that converge toward each other, forming a triangle shape on the chart. One trendline connects the higher highs (resistance line), and the other connects the higher lows (support line). These trendlines represent the battle between buyers and sellers, with neither side dominating.
Lower Highs and Higher Lows: Within the triangle, the price makes lower highs and higher lows. This signifies a period of indecision and consolidation in the stock as the range between the high and low prices narrows.
Diminishing Volume: As the price swings within the triangle, the trading volume tends to decrease. This decline in volume reflects the stock's uncertainty and lack of conviction about the future price direction.
Breakout with Increased Volume: The key event in a bullish symmetrical continuation triangle is the breakout. Typically, well before the triangle reaches its apex (the point where the trendlines converge), the price breaks out above the upper trendline. What makes this breakout significant is the noticeable increase in trading volume. This surge in volume signals a strong shift in stock sentiment and confirms the pattern as a continuation of the prior uptrend.
The bullish symmetrical continuation triangle suggests that after the breakout, the price is likely to resume its previous upward trend, as indicated by the prior uptrend. Traders and investors often use this pattern to make informed decisions. They may enter long positions (buy) when the breakout occurs and volume confirms the pattern, with price targets set based on the height of the triangle.
However, it's important to note that no technical pattern is foolproof, and false breakouts can occur. Therefore, traders typically use other technical indicators and risk management strategies in conjunction with pattern analysis to make more informed trading decisions.
RSI DIVERGENCE - RADICO KHAITANNSE:RADICO - DAILY CHART ANALYSIS
The price was heading down, making lower lows.
Initially, the RSI indicator was following the price too.
on daily chart its seen that the RSI starts making higher lows while the price is still heading down.
That’s when divergence pattern appears.
After a bullish divergence, the price will tend to change from a downtrend to an uptrend.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.