Indianstockmarket
ITC | Next Target 480Rs / 500Rs | T.A (Follow For More..)According to me if ITC breaks the Level of 445Rs in the upcoming days and closes the 2 bullish candles above the 445Rs price zone. So, the next 1st Target is 480Rs and
the 2nd Tagart Level is 500Rs.
Why? I'm Telling this!!
> Because BJP is won.
> The financial budget is coming soon. and I am pretty sure
financial minister talking about ITC.
> After the 4 June dump the stock fully recovered in just 2 Day's
So, After knowing this all things there is one think is confirm is ITC have lot's of bulls Volume
For Future UPDATES Follow and Give se Boots
So, I will time to time update you.
Nifty View for Election ViewThe Exit Polls suggest that the NDA Govt. will be in power again.
Thus, the FIIs that have been shorting their position the entire month of May, will either have to Cover their positions on Monday, or hold their positions with a hope that the Exit Poll results don't become a reality.
Either ways, we'll see huge volatility on either Monday or Tuesday.
Here's our key levels for the week-
Upside Potential between : 23,000 - 23,700
Downside potential between : 21,500 - 22,000
Let me know what you think.
JSW Infrastructure Limited - Looks Good!Pattern : Symmetrical Continuation Triangle (Bullish)
The recent price action indicates a breakout from a consolidation phase, signaling a potential extension of the previous uptrend.
A Symmetrical Continuation Triangle (Bullish) is characterized by two trendlines converging as the price forms lower highs and higher lows. During this formation, trading volume tends to decrease as the price fluctuates within a narrowing range, reflecting uncertainty among market participants.
Prior to the triangle reaching its apex, there is a notable breakout above the upper trendline accompanied by a significant increase in trading volume.
This breakout serves as confirmation of the pattern, suggesting a continuation of the preceding uptrend.
Also there is divergence between Price and MACD.
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
LT reverse head and shoulder pattern.Weak RSI ie below 40
MACD also below
More selling pressure
Target till previous support line (mark in red color)
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.Tweets neither advice nor endorsement .
BIRLACORPN - Looks Good!Script : BIRLACORPN
Time Frame : Daily Chart
Type Of Pattern Identified : Symmetrical Continuation Triangle pattern
A Symmetrical Continuation Triangle pattern , is typically seen as a bullish continuation pattern. This pattern usually indicates a temporary consolidation before the price continues in the direction of the prior uptrend.
Traders often look for a breakout to confirm this pattern, usually with increased volume supporting the breakout.
This breakout suggests a potential continuation of the uptrend.
Remember to consider other factors and confirm with additional analysis before making any trading decisions.
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
Navin Fluorine INT - Looks Good!NSE:NAVINFLUOR - Daily Chart analysis
Price Vs RSI divergence seen on daily chart
Price Vs MACD divergence seen on daily chart
Bullish Head and Shoulder Pattern seen on daily chart.
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
SONATA SOFTWARE - Swing Trade - 14th January #stocksSONATA SOFTWARE (1D TF) - Swing Trade Analysis given on 14th Jan, 2024
Pattern: FALLING WEDGE BREAKOUT
- Breakout - Done ✓
- Volume Spike at Resistance - Done ✓
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #sonatasoftware
JSW Infrastructure: Add for Portfolio during consolidationNSE:JSWINFRA is the fastest growing port-related infrastructure company in terms of growth in installed cargo handling capacity and cargo volumes handled during Fiscal 2021 to Fiscal 2023, and the 2nd largest commercial port operator in India in terms of cargo handling capacity in Fiscal 2023.
Their installed cargo handling capacity in India grew at a CAGR of 15.27% from 119.23 MTPA as of March 31, 2021 to 158.43 MTPA as of March 31, 2023. During the same period, their cargo volumes handled in India grew at a CAGR of 42.76% from 45.55 MMT to 92.83 MMT.
Technical Setup:
After a good initial rally and listing, JSW Infra is consolidating in a range. I believe levels of 230 will be held here without much issues. A new breakout above the previous all time high would mean that the stock can give much higher targets for the future. It is a portfolio grade stock for me given India's growth story. Hold for medium to long term.
Q3FY24 Highlights:
Financial Performance
• Notable year-on-year growth in cargo handling, with a 17% increase to 77.2 million tonnes for the nine-month period ending December 2023.
• Revenue for the nine months ended December 2023 stood at INR 2832 crores, reflecting an 18% growth year-on-year.
• EBITDA for the same period showed a 22% year-on-year increase.
Expansion and Acquisitions
• Acquisition of PNP Maritime Services and PNP Port, enhancing operational capabilities and expansion potential.
• Development of an all-weather deepwater greenfield port at Kenney, Karnataka, with an estimated project cost of INR 4119 crores and an initial capacity of 30 million tonnes per annum.
Operational Efficiency and Safety
• Jaigarh Port was awarded a five-star rating by the British Safety Council, underscoring JSW Infrastructure's commitment to maintaining the highest safety standards.
Future Growth Plans
• Focus on increasing third-party cargo handling to 40% in the near term.
• Continued pursuit of organic and inorganic growth opportunities to capitalize on India's infrastructure development momentum.