Get started

Indianstockmarket

Federal-Mogul Goetze getting ready for a breakout FMGOETZE is forming an interesting pattern, this scrip has been trading around 375-350 for a log time now, looks like good accumulation has taken place in this area of interest. The scrip has also entered in a VCP structure with a good shakeout candle, looks like the scrip is all set for a 15-20% move from here on. Stoploss 345 *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
NSE:FMGOETZELong
by nishant_bhatt
Kanpur Plastipack getting ready for a impulse moveKanpur plastipack after a long downtrend has now been trading in a range for quite a few months now, looks ripe for a swing trade for 15 - 20% move. Stoploss - 115 *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
NSE:KANPRPLALong
by nishant_bhatt
ZENTEC - Continuation Wedge (Bullish) Pattern A "Continuation Wedge (Bullish)" chart pattern formed on Zen Technologies Ltd ( NSE:ZENTEC ). This bullish signal indicates that the stock price may rise from the close of 742.15 to the range of 842.00 - 920.00. Supportive Points: -After a temporary interruption, the prior uptrend is set to continue. -Also there was a gap on 7th Aug 2023 which was filled on 26th October 2023. -Pattern formation took roughly 71 days, so target will be sooner or later than 71 days. -FII has Increased Qty - You can refer third party tool to verify the same. Quarterly Results : M.Cap ₹ 6,237 Cr PE 71.0 Item YOY Sep 2023 Jun 2023 Sep 2022 Sales ⇡ 203% 64.0 132 21.1 EBIDT ⇡ 304% 21.8 66.2 5.39 Net profit⇡ 279% 17.3 47.1 4.58 EPS ⇡ 255% ₹ 2.06 ₹ 5.61 ₹ 0.58 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:ZENTEC
by hardeepssethi
SHANKARA BUILDCON looks ready for a breakoutShankara Buildcon is nicely absorbing the supply, and looks like slowly the bulls are going to control this scrip. Looks good for 15-20% move from here on. Stoploss 740 *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
NSE:SHANKARALong
by nishant_bhatt
1
JOCIL Looks Good!NSE:JOCIL - The chart is self-explanatory. - Strong Base Has been Marked and Strong Resistance is marked. - Then Chart been analyzed in 2 parts 1. Previous Behavior - where price touched strong base twice (number marked as 2 and 4) and strong resistance twice (number marked as 1 and 3). 2. In expected behavior - price is somewhat doing same. Price has already touched strong base twice (number marked as 2 and 4) and strong resistance twice (number marked as 1 and 3). Now what? Let see it should go Up or down? In chart it has been explained what will happen next but let see.... Please note it takes time to analyze such hidden things, One boost from your end will really brings smile on my face. 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:JOCIL
by hardeepssethi
Accelya Solutions: Multiple bullish pattenIn the Daily timeframe, this less known mid-cap Technology stock NSE:ACCELYA is showing confluence of multiple bullish chart pattens. A beautiful rounding bottom formation happened over last 4 months. Followed by a breakout with very high volume on 15th Jan. Followed by consolidation and re-test of 1750 level. During this consolidation between 15th Jan and now it's creating a bullish pole&flag patten. An excellent price to enter is around 1700 (or even 1730 is ok). It can reach upto 2xxxx on next few months (1 year horizon).
NSE:ACCELYALong
by pradipandsuvra
Bullish Breakout in SunPharmaAmid today's 333 points Nifty Selloff, the only Nifty stock gave a bullish engulfing breakout is NSE:SUNPHARMA . Multi timeframe analysis gives various aspect to be bullish for at least 1:1 Risk-to-Reward target: In W chart, it's a clear breakout of a rounding bottom patten created over last 8 years (since 2015). During this course it breaks out convincingly the last all-time-high of 1200 around 2015 Q1. In D chart, it is trading in a nice up trend channel. Today's candle near-beakout of the upward channel's upper band. Very high volume in Daily chart And today's candle is an overwhelmingly convincing Bullish engulf patten. Trade: BUY above 1405 for a 1500+ target. Keep a SL of 1310 (closing basis).
NSE:SUNPHARMALong
by pradipandsuvra
Continuation Wedge - Bullish PatternA continuation wedge , is a technical analysis pattern found in daily chart of MTARTECH. Let's delve a bit deeper into the components and dynamics of this pattern. Bullish Continuation Wedge: Shape and Structure: Trendlines: A bullish continuation wedge consists of two converging trendlines that slope downward against the prevailing uptrend. These trendlines create a narrowing price range, forming a wedge shape. Market Psychology: Temporary Interruption: The wedge pattern represents a temporary pause or interruption in the ongoing uptrend. It suggests a consolidation phase where both bulls and bears are active, and the market is undecided about the future direction. Battle between Bulls and Bears: During the formation of the wedge, bears attempt to gain control and reverse the trend. This can lead to some price retracement or sideways movement as selling pressure increases. Resolution and Outcome: Breakout to the Upside: The key moment occurs when prices break above the upper trendline of the wedge. This breakout signals that the bulls have ultimately triumphed over the bears, and the prior uptrend is likely to continue. Volume Confirmation: Ideally, the breakout should be accompanied by a noticeable increase in trading volume. This helps validate the strength of the bullish move. Trading Strategy: Entry: Traders may consider entering a long (buy) position when the price breaks above the upper trendline of the wedge. Stop-Loss: A stop-loss order can be placed below the lower trendline of the wedge to manage risk. Target: The length of the wedge pattern can be used to estimate a target for the bullish move. This is measured from the beginning of the wedge to the point of breakout. Cautionary Notes: False Breakouts: While the pattern is reliable, false breakouts can occur. Therefore, it's essential to wait for confirmation, especially through increased volume. Confirmation with Other Indicators: Traders often use additional technical indicators or chart patterns to confirm the potential success of the breakout. In summary, a Bullish Continuation Wedge is a pattern that indicates a temporary pause in an uptrend, with the ultimate resolution being a resumption of the upward movement. Trading decisions based on this pattern should be supported by additional analysis and risk management techniques. 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:MTARTECH
by hardeepssethi