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DIVISLAB and CHAMBLFERT showing high rise in Future OIDIVISLAB The price has been stuck in a tight range for over a year. Then it broke through its resistance level. Since then, the price has stayed above that point and is rising steadily. A breakout has occurred, and the stock price continues to climb CHAMBLFERT The stock price was gradually rising within a parallel channel. After breaking out of the channel, there was a significant price surge followed by a period of consolidation. Now, the price is attempting to surpass its resistance and continue moving upwards.
NSE:DIVISLABLong
by GoodluckCapital
Realty & Auto: Massive sell-off opens up a chance for shorting!REALTY Following an impressive bull run, the index has begun to consolidate and has taken the shape of a Rounding Top pattern. With significant selling pressure, the index is currently hovering around its trendline support level, which also happens to be the neckline of the Rounding Top pattern. If the trendline is breached, we could potentially witness a correction in the real estate sector. This sell-off presents an opportunity to take short positions in stocks like DLF, Godrej Properties etc. AUTO The automotive industry has experienced a significant increase and is one of the key sectors contributing to the strong rally of Nifty. Following a period of consolidation, a breakout occurred but the index encountered a notable rejection at its all-time high. Following a significant gap, the auto index dropped and is anticipated to decline even further. Given this situation, there is a chance to open short positions in certain stocks such as M&M, Escorts etc.
NSE:CNXREALTYShort
by GoodluckCapital
ICICIPRULI & DEEPAKNTR - Breakthrough of the Rounding Bottom ICICI PRUDENTIAL The stock experienced an upward trend, forming an Ascending Broadening Wedge pattern that suggested a bearish outlook. Following a breakdown, the stock price fell sharply and entered a consolidation phase. During this period, the stock exhibited progressively smaller price fluctuations, establishing a series of consolidation bases, each one tighter than the last, formation of a Volatility Contraction Pattern. After breaking through this phase, the price reached an all-time high and is now set to climb even further. DEEPAK NITRITE During the upward trend, the stock price established a Pole & Flag pattern, signaling a continuation of the trend. However, following the breakout, the price underwent a significant consolidation phase, resulting in the formation of a Rounding Bottom pattern. Recently, a breakout has taken place, indicating that the price is poised for an upward movement.
NSE:ICICIPRULILong
by GoodluckCapital
1
Breakout Stocks to Keep An Eye On - Nykaa & Balrampur ChiniNYKAA The stock had been experiencing a significant consolidation period, during which it created an Ascending Triangle pattern. Following a breakout, the price initially surged but encountered resistance around the 195 level, leading to a sharp pullback. Subsequently, the stock price began to rise again but met resistance at the 187 level this time. After a brief consolidation, it developed a Cup & Handle pattern. Recently, a powerful breakout occurred, backed by substantial trading volume, indicating that the price is poised for a significant upward movement. BALRAMPUR CHINI The stock price experienced a significant pullback after it fell below the Rising Wedge pattern. Following this, it entered a prolonged consolidation period, during which it developed an Inverted Head and Shoulders pattern. After the breakout, the price initially soared but underwent a brief consolidation once more before breaking out again. This movement also marks a breakout from the Rounding Bottom pattern, suggesting substantial upside potential for the stock.
NSE:NYKAALong
by GoodluckCapital
7"NYKKA" FSN ECOMMERSE VENTURES LTD 28 WEEKS BREAKOUT WITH 1. NYKKA given a breakout in 135 days (28 Weeks) high and packed with the volume of 53.22M, And NYKAA' s last 30days average volume is 7.33M. 2. It was Created a range contraction between 139.8 to 195.50 (55.70 points, 39.84%), After this breakout this range might expand up to 111.4 points. In price levels the expansion will be leads to 306.9 levels. 3. Based on the Historical price action from 11th April 2022 to as of now there is no potential supply zones in Higher Timeframe like Weekly & Monthly between 294.15 4. Based on these analysis we can expect a Midterm price momentum in NYKKA up to 294.15 (94.12 Points, 47.05%) from CMP 200.03 5. In case if price comes down side for a retracement 172 to 178 area will act as a reversal zone because of Demand zone, Parallel EMA's and 0.618 Golden Ratio in of 139.8 to 195.5 CONCLUTION Buy Trade Aggressive Entry CMP Conservative Reversal Entry 178, If Price Come Stoploss 170 Possible Target in Mid-term 294 (Weekly Supply Zone)
NSE:NYKAALong
by ANISHFNK21
NIFTY - 25000 coming soon?Overview & Observation: 1. Channel breakout after a long consolidation. 2. Volumes are not looking great. 3. Bounced from 200 DEMA. Trade Plan: 1. RRR is unfavourable. 2. A risky long position can be planned with a 5% SL and 7% target. 3. Stop Loss below 50 DEMA on closing basis. - 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
NSE:NIFTYLong
by SuperNova396
BULLISH MARUBOZU FORMATION - UNION BANK OF INDIA STRONG BULLISH CANDLE HAS BEEN FORMED AT A KEY SUPPORT ZONE AREA. The up move may continue with a slight doji-like candle. 134.50-131.50 is a strong support zone (highlighted area); any dip to that area is a buy opportunity ONLY if the market sentiments are positive. You can buy at CMP or wait for it to test the highlighted zone, but as past data shows, the price has never retested when it bounced upwards. LEVELS -Buy at CMP or at 137.25 Do your analysis too before buying. Any further fall is just a good opportunity to add more quantity. -We are aiming for targets of 150, 158, and 170; short to semi-long term respectively. -If it keeps falling after you buy it and you can't bear the loss, consider booking it at 125. Happy Trading :)
NSE:UNIONBANKLong
by rohix
TATA STEEL TAKING A DIP TO ITS DEMAND ZONEDetailed Analysis of Tata Steel Chart Sector: Steel Signal: BUY Logic below: TECHNICAL VIEW - The price is currently above all the key moving averages, which typically indicates an uptrend. However, it is worth noting that the price is very close to the 50-day EMA, which can act as a dynamic support level. Volume: 40.165M | Average Volume: 26.832M The recent trading volume is significantly higher than the average volume, indicating increased investor activity. The presence of large red volume bars suggests higher selling pressure recently. Relative Strength Index (RSI): 44.37 The RSI is below the neutral 50 level but above the oversold threshold of 30, suggesting that the stock is neither overbought nor oversold but is leaning towards a potential buying opportunity if it dips further. Moving Average Convergence Divergence (MACD) - MACD Line: 0.71 - Signal Line: 0.65 - Histogram: 0.08 The MACD is positive, but the histogram shows diminishing momentum. This could indicate a potential bearish crossover if the MACD line crosses below the signal line. Key Levels Support Levels 1. Immediate Support: ₹171.53 (50-day EMA) 2. Next Support: ₹170-168.80 (highlighted zone) 3. Strong Support: ₹150.69 (100-day EMA) Resistance Levels 1. Next Resistance: ₹177.25 2. Strong Resistance: ₹183 (supply zone) Buy Recommendation Based on the current technical setup, buying Tata Steel near the current price level of ₹171.80 can be considered if it holds above the 50-day EMA of ₹171.53. The RSI and MACD suggest some caution is warranted, so a slightly lower entry point could be more favourable. Suggested Buy Level Buy Level: ₹170 - ₹168.75 (ensure the price holds above the 21 EMA) Stop Loss (SL) Stop Loss: ₹166 (just below the highlighted support zone) Target Levels 1. Target 1: ₹177.25 2. Target 2: ₹183 3. Target 3: ₹195 (Fibonacci level) Conclusion Tata Steel is currently near a critical support level around its 50-day EMA. If the price holds above this level, it could provide a good buying opportunity with a favourable risk-reward ratio. Monitoring the volume, RSI, and MACD for any further bearish signals is crucial before entering a trade. Summary Buy Level: ₹170 - ₹168.75 Stop Loss: ₹166 Target Levels: ₹177.25, ₹183, ₹195
NSE:TATASTEELLong
by rohix
NIFTY ANALYSIS FOR THE WEEK STARTING 29TH JULY 2024.Last week on the daily time frame nifty gave a long bearish engulfing candle after which the follow up candle did not close below 24300 and nifty reversed. In one hour time frame Nifty closed above 24520 and turned bullish and closed near All time high. For Monday Nifty is Bullish above 24870 or may become short term bearish if one hour candle closes below 24700. For the Week. Nifty is bullish in the short term and may see some correction during the week .If Nifty closes below 24300 then we may change our view. Keep booking profits at regular intervals. Trade wisely and safely. Ramakrishnan I am not a SEBI registered analyst.
NSE:NIFTY
by ramkkyy
Momentum Trading Picks - Alembic Pharma & Quess Corp.Alembic Pharma The stock encountered several rejections around the 1,130 level, leading to a significant correction in price. Eventually, it found support near the 460 level and began to climb upwards. During this upward movement, a Bullish Pole & Flag pattern emerged in the stock price chart, suggesting a potential continuation of the trend. Following a breakout, the price trended upwards with a minor pullback before recently achieving a breakthrough with strong volume support. Quess Corp The price had been trending upwards within a parallel channel until it broke below, leading to a correction. After that, the stock underwent a consolidation phase before gradually moving upwards. A reversal in the downtrend was indicated by the formation of an Inverted Head & Shoulder pattern during this period. The recent strong breakout suggests that the price is poised to continue its upward movement.
NSE:APLLTDLong
by GoodluckCapital
4
ONGC Witnesses a Multiyear Breakout - What's Next? When analyzing the monthly chart, it's clear that the stock price has experienced numerous fluctuations. In June '14, the stock reached a high near 315 level before taking a sharp downturn. By March 2020, the stock price had plummeted to just 50 INR. However, from that point, the stock began a strong upward movement with significant volume increase. An ascending triangle pattern appeared on the chart, and the price successfully broke through the pattern to continue its upward trend. Ultimately, the stock managed to surpass its previous resistance. As long as it maintains above the 300 level, the price is likely to continue its upward trajectory.
NSE:ONGCLong
by GoodluckCapital
TCS & Just Dial - Getting Ready for a Bull Run After the market crash in 2020, the stock price experienced a significant upward movement and reached close to the 3,990 level, which was the previous all-time high for the stock. Subsequently, the stock entered a downtrend until the price found support near the 2,900 level. Following this, the stock price began to rise again and reached a new high in March’24 at around the 4,250 level. After a pullback, the stock successfully broke through the neckline of the Inverted Head & Shoulder pattern, which had formed during the entire consolidation phase. If this breakout sustains, we may witness a further price rally in the coming days. The stock price reversed its downward trend by breaking through the Ascending Triangle pattern upwards. After dropping near the 1,150 level, the stock rebounded strongly and started moving upwards. The stock price found support around the 520 level after a significant drop and started climbing. An Inverted Head & Shoulders pattern appeared on the chart during the consolidation phase, signaling a possible trend reversal. Following the breakout, the stock price moved upwards but faced resistance at a previous level. After a brief pullback, the stock price successfully broke through the resistance and continued to climb.
NSE:TCSLong
by GoodluckCapital
Infosys and Atul Ltd. Showing High Rise In Future OIINFY The stock price was strongly rejected near the 1,730 level and experienced a significant drop. Later on, the stock found support near the 1,380 level and started to climb. Once the price broke through its trendline resistance, it made a sharp upward movement and reached its previous resistance area. Due to the rising volume, there is an expectation that the stock could break through the resistance and continue to move upward. Additionally, the MACD indicator is showing strong momentum as it is trading above the zero level. ATUL The stock has been on a downward trajectory, consistently creating lower highs and lows. A recent breakthrough of the parallel channel has been noticed, accompanied by a rise in trading volume. Moreover, the RSI indicated a divergence amidst the downtrend, with the current RSI standing above 70, indicating strong buyer momentum. There is a potential for the price to move upwards from its current position.
NSE:INFYLong
by GoodluckCapital
HINDCOMPOS - INVERSE H&S, THEN CONSOLIDATION AND BREAKOUTHi All, This idea is about Hindustan Composites Ltd Certified developer, manufacturer & marketer of Friction Materials in India comprising Brake Lining, Clutch Facing, Disc Brake Pad, Roll Lining, Brake Block, etc. Company is also engaged in the treasury business. Clientele Ashok Leyland, Maharashtra State Road Transport Corporation, Eastern Railway and Southern Railway, etc. HCL is also a Tier 2 supplier of brake lining for Toyota, TATA Technical Price Action formed an inverse Head and Shoulder but after the formation of right shoulder could not break the neckline, instead went into consolidation. Eventually the price broke out of the darvas box ending the consolidation and have reached the initial neckline of Inverse H&S. If neckline is broken, it could lead to a substantial rally Fundamentals Market Cap ₹ 905 Cr. Current Price ₹ 613 High / Low ₹ 650 / 347 Stock P/E 26.3 Book Value ₹ 669 Dividend Yield 0.33 % ROCE 4.46 % ROE 3.60 % Face Value ₹ 5.00 Equity capital ₹ 7.38 Cr. No. Eq. Shares 1.48 EPS ₹ 23.3 Promoter holding 75.0 % Change in Prom Hold 0.00 % Chg in Prom Hold 3Yr 0.00 % Pledged percentage 0.00 % Market Cap to Sales 3.04 Sales growth 5.30 % PEG Ratio 2.10 EVEBITDA 17.3 Quick ratio 1.95 Trade receivables ₹ 37.3 Cr. Sales ₹ 298 Cr. Debt to equity 0.00 Price to book value 0.92 Free Cash Flow ₹ 3.92 Cr. CMP / FCF 91.1 Happy Trading Thanks, Stock-n-Shine
BSE:HINDCOMPOS
by Stock-n-Shine
Nifty FMCG - Price Action Indicates Robust Growth The chart clearly indicates that the index is experiencing a robust uptrend. Earlier, the price formed a bullish Pole & Flag pattern and surged upwards after breaking out. The index encountered a strong rejection near the 58,000 level, leading to a correction and deep consolidation. Despite attempting to surpass the resistance level, the price failed. Following a recent breakout, the price has successfully maintained its position above the breakout level, signalling a positive trend. Additionally, the current RSI is above 60, indicating the strength of the index.
NSE:CNXFMCGLong
by GoodluckCapital
Laurus Labs and Fine Organic - Reversal Breakout Alert! In the past, the stock found strong support around the 450 level, but when the price dropped below this support zone, it experienced a significant decline. The stock started to move upwards within a parallel channel after finding support around the 290 level. A recent bullish candle allowed the price to break through its trendline resistance with strong volume support. The stock also broke through the upper Bollinger Band and has been able to sustain its position above it. With the price showing strong upward momentum, there is potential for an upward movement from the current level. The stock price reached an all-time high of nearly 7,330 before dropping sharply to around 4,100. After the decline, the price entered a consolidation phase and traded in a Box pattern. A breakout has occurred recently, with the stock surpassing its previous range and trying to maintain its position. The rising volume suggests the possibility of an upward movement from the current level.
NSE:LAURUSLABSLong
by GoodluckCapital
Momentum Trading Picks: Welspun Corp & Himadri Speciality Chemic Price went through a significant consolidation after a big rally. Volume completely dried up during the consolidation phase. Price recently broke out strongly, surpassing its resistance area. Rising volume suggests buyers are becoming more interested in this stock. A bullish MACD crossover confirms the strong momentum in price. The price created a symmetrical triangle shape and stayed stable for a while. There was no trading volume during this time. Following the breakout, the price stabilized above the breakout point and then retraced. After a successful retracement, the price is now moving upwards with significant trading volume. A bullish MACD crossover confirms the strong momentum in price.
NSE:WELCORPLong
by GoodluckCapital
HBL POWER Systems - Looks Good!A Symmetrical Continuation Triangle Pattern Identification on Daily Chart A Symmetrical Continuation Triangle is a technical analysis pattern observed in financial markets, particularly in charts representing price movements of such stocks, currencies, or commodities. It's considered a continuation pattern, meaning it suggests that the current trend is likely to continue after a period of consolidation or sideways movement. Breakout: The breakout from the triangle occurs when the price breaches one of the trendlines, usually accompanied by increased volume. This breakout can occur before the apex of the triangle, but it's often observed shortly after the apex. Continuation: The breakout is interpreted as a continuation of the previous trend. Traders often use various technical indicators or additional chart patterns to confirm the breakout and determine the potential direction of the continuation. However, it's important to note that no pattern or indicator is foolproof, and traders should always consider other factors such as fundamental analysis and risk management strategies in their decision-making process. 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
NSE:HBLPOWER
by hardeepssethi