Get started

Indianstockmarket

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
DIVISLAB and ONGC showing high rise in Future OIDIVISLAB The price has been consolidating in a narrow range for more than a year. Recently, the price successfully surpassed its resistance level. Since the breakout, the price has maintained above the breakout point and is steadily increasing. The current RSI is above 60, suggesting strong buying pressure. ONGC Before, the price was rising steadily, pushing the highs and lows higher. Since March’24, the price has entered a consolidation phase, and an ascending triangle pattern has been established. A breakout with significant volume has occurred recently. The RSI is currently above 60, indicating strong buying pressure.
Editors' picks
NSE:DIVISLABEducation
by GoodluckCapital
2
BBTC: Keep an eye on this multiyear breakout stock(1) The price at the 2050 level was strongly rejected in the past, leading to an 63% decrease. (2) Eventually, the price found support near 690 and began to rise. (3) However, it was rejected again near 1570 and fell. (4) The price surged after a notable increase, breaking through its trendline resistance and carrying on with its upward momentum. (5) At long last, after nearly half a decade, the price managed to shatter its resistance barrier and hold its ground above it.
NSE:BBTCEducation
by GoodluckCapital
Glrnmark Pharma's upward trend is notable. Can it be maintained?(1) Before, the price was strongly rejected around the 1250 level. (2) Then, the price dropped by about 85%. (3) Later on, the price found support near the 165 level and began to rise. (4) However, the price was rejected again around the 690 level and dropped. (5) After a significant increase, the price finally broke the neckline of the Double Bottom pattern and continued to rise. (6) Finally, after nearly 9 years, the price successfully broke through its resistance zone and maintained its position above it.
NSE:GLENMARKEducation
by GoodluckCapital
HFCL - Minimum 20% quick momentum can be expected!HFCL - A Tech sector stock pick Observations: 1. Price structure is bullish 2. Support from fib zone 3. Good Volume build-up 4. EMAs & RSI are indicating strength and momentum on the upside 5. Prices are rejecting on the downside (rejection candle on WTF) depicts buyers are dominant. - Stay updated for further insights 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:HFCLLong
by SuperNova396
14
Long Position in Ramco CementLooking at the chart in the higher time frames you can see a clear tap in to the M timeframe OB. A strong displacement to the upside creating a OB in the W timeframe - unmitigated. Gap at the top acting as a magnet for price to move into. Very clean CoCH and BOS giving confirmation of the move up into higher levels. A great entry be entry in the GOLDEN level of price retracement - 60% fibs Levels are in confluence with the W +OB. Expect price to tap into the W +OB and move higher to the magnets (GAP liquidity, trendline short liquidity)
NSE:RAMCOCEMLong
by Vishal_kudva
CROMPTON GREAVES - Enter on a pullback!Price Analysis & Observation: 1. HH-HL formation started, now I will wait for a higher low formation to enter. 2. Volume support is strong. 3. Trend is confirmed. It's clear BUY ON DIPS!! 4. Buying strength is good. 5. Expecting it come down for some retracement. Trade Plan: 1. Need to wait patiently for the formation I want to enter on a dip. - 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:CROMPTON
by SuperNova396
1
TITAN - 30% upside potential- Here's Why!D TF Overview & Observation: 1. RRR is favourable (around 1:4 RRR) 2. Good strength in buying 3. Prices rejecting from the demand 4. Double bottom formation in D tf 5. ATH resistance breakout expected. Trade Plan: As per the markings on the chart Entry = CMP SL = 7% TP = 30% - 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:TITANLong
by SuperNova396
2
HDFC BANK - Consolidation phase, is it calm before the storm?Overview & Observation: 1. Solid consolidation happening since 2020. 2. Better to just watch it for now 3. Prices have started moving slowly from the demand zone. 4. PA structure is currently bullish forming HH-HL. 5. Overall strength and momentum are lacking. D TF: - 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:HDFCBANK
by SuperNova396