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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
Scan Steels Limited - Looks Good!The Co. Scan Steels Limited manufactures TMT Rod (under the brand name of SHRISHTII TMT), Sponge Iron, MS Billets/ Ingots, and generates power for captive consumption. Technicals Pattern: Symmetrical Continuation Triangle (Bullish) Duration - 1-2 months The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. RSI indicating price strength Fundamentals which looks good as well Company with Low Debt Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years Book Value per share Improving for last 2 years Company with Zero Promoter Pledge Company with decreasing Promoter pledge 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
BSE:SCANSTL
by hardeepssethi
#NURECA - Seems like A big move is comingDisclaimer - Not a buy or sell recommendation, only for educational and learning purpose. Do your own research before putting your money into it. #nureca ltd seems to be bottomed and now accumulation is almost over. Perfect buy zone should be above 480 if weekly price closes above or at that level. Moving avgs are squeezing and now 10MA is above rest of the MAs(20,50,200). RS indicator is moving upwards, and should be above 0.00 soon. Target 1 - 589-590 Target 2 - 787 Target 3 - 1000-1140
NSE:NURECALong
by iamastudent
INDOAMIN - Bottom Wedge PatternThe bottom Wedge pattern is a type of continuation pattern that typically occurs within a downtrend and indicates a potential reversal in market direction.he bottom triangle pattern is a type of continuation pattern that typically occurs within a downtrend and indicates a potential reversal in market direction. It's important to note that while technical patterns like the bottom triangle can offer insights into potential market movements, they are not foolproof and should be used in conjunction with other forms of analysis. Traders and investors often use a combination of technical and fundamental analysis to make informed decisions. Remember that the effectiveness of these patterns can vary, and markets are influenced by a wide range of factors. Always exercise caution and consider risk management strategies when making trading decisions based on technical patterns. 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:INDOAMIN
by hardeepssethi
Gujarat Alkalies - Long consolidation BreakoutGujarat Alkalies is giving a strong breakout after almost a year. The stock is also forming ascending triangle breakout at the same time. If you closely observe the chart you will notice, the stock was in downtrend since Apr-2022 and now the long consolidation range is broken in upper side.The target of ascending triangle is 962 level which is also the immediate resistance level of the stock. Disclaimer: The chart shared is for educational purpose only and does not have any buy sell recommendations.
NSE:GUJALKALILong
by Vipin_Dixena
Zuari Agro Chemicals Ltd - Looks Good!"Bottom Triangle" chart pattern formed on Zuari Agro Chemicals Ltd ( NSE:ZUARI ). The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. This bullish pattern can be seen on the 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
NSE:ZUARI
by hardeepssethi