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Indianstocksanalysis

Piramal Enterprises Ltd - Value Investing?Piramal Enterprises Ltd - Analysis The stock is displaying a promising bullish candlestick pattern , signaling a potential halt to its recent downtrend and a possible upward turn in the short term. There is price and psi divergence seen on daily chart, which is positive indication. Moreover, the stock seems to present an appealing value investment opportunity based on two crucial valuation metrics: Price/Book Ratio of 0.69 : This indicates that the stock price is relatively low compared to the company's book value, reflecting a potentially undervalued asset. Price/Cash Flow Ratio of 14.12 : This ratio suggests that the share price is reasonably low when weighed against the company's generated cash flow, indicating a potentially favorable investment in terms of cash flow generation. Additionally, the Earnings Yield of 18% signifies the return the company generates on each invested dollar, indicating a relatively robust performance in generating earnings. 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:PEL
by hardeepssethi
2
CCL Products (India) Ltd Looks Good!Script - NSE:CCL Pattern: Symmetrical Continuation Triangle The recent price movement indicates a breakout from a consolidation phase, signaling a probable continuation of the previous uptrend. In a Bullish Symmetrical Continuation Triangle, there are two trendlines converging as prices form lower highs and higher lows. During this consolidation, trading volume typically decreases as the price fluctuates within a tightening range, reflecting uncertainty among market participants. However, prior to the triangle's apex, there's a significant breakout above the upper trendline accompanied by a notable surge in trading volume. This breakout confirms the pattern as a continuation of the uptrend observed before the consolidation phase. 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:CCL
by hardeepssethi
AGI Greenpac Ltd. - Looks Good!NSE:AGI This stock has formed a pattern called Double Bottom. A "double bottom" is a chart pattern used in technical analysis to predict a potential reversal of a downtrend. It typically occurs after a prolonged decrease in price and consists of two distinct lows at approximately the same level, separated by a moderate peak. target price for the intermediate-term in the range of 955.00 to 965.00. Also The MACD has also generated a bullish signal. RSI above 60. 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:AGI
by hardeepssethi
1
NIFTY... 26000 TARGET IN 2024!Guys... I am sharing my analysis of Nifty over a longer time frame. The Elliot waves are marked on the chart. Nifty is currently in the wave 3 of the primary cycle. This primary cycle runs in smaller intermediate waves. Wave 1 started on April 2023; Wave 3 from November 2023; Expecting wave 4 to end by April 2024, and we can expect wave 5 to begin from May 2024. So, as per this analysis, we can see a red candle in April month - the wave 4 correction, which is likely to end around 21400 - 21500 levels. Wave 5, which is likely to begin in May, is likely to last till December 2024, taking nifty to 26000 levels (approximately 26400). In this, wave 3 is 1.23 times wave 1, and wave 5 is 1.618 times wave 1. Hopefully we get to witness a 20 - 25% rally in Nifty this year :) This is only my analysis & remember the market is always RIGHT!
NSE:NIFTYLong
by Stock-Holmes
Big Breakout Alert! Negative Momentum in GODREJPROP & ESCORTSGODREJPROP The stock's price has been following an upward trend within a parallel channel. Recently, the stock broke through the lower boundary of the channel with a powerful bearish candle. With pessimistic market sentiment, it is anticipated that the stock price will continue to correct, presenting a chance to take a short position. ESCORTS Following the emergence of the bullish Pole & Flag pattern, the stock experienced a significant upward surge backed by robust momentum. After reaching an all-time high close to the 4,400 level, the stock retraced and eventually formed a Double Top pattern signaling a potential bearish trend. A recent breach of the pattern's neckline to the downside suggests further downside potential for the stock.
NSE:GODREJPROPShort
by GoodluckCapital
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
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
Get ready for a price surge with Dr Reddy & TTK Prestige!DRREDDY After the market crash in March 2020, the stock began a steady upward movement and formed a Bullish Pennant pattern. After breaking out, the price surged and encountered resistance multiple times near the 5,550 level. Consequently, the stock price experienced a significant drop and entered a prolonged consolidation phase. During this phase, an Inverted Head & Shoulders pattern emerged on the chart. Most recently, a breakout has occurred, causing the stock to move higher. TTKPRESTIG The stock price has developed a Head & Shoulder pattern on the weekly chart. After the pattern breakdown, the price underwent a significant consolidation period and created a Double Bottom pattern, suggesting a potential reversal in the trend. By breaking above the pattern's neckline, the price is now moving upwards with a substantial potential for gains.
NSE:DRREDDYLong
by GoodluckCapital
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
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
NIACL - Looks Good!Pattern:Symmetrical Continuation Triangle (Bullish) Time Frame: Daily Chart Script: NSE:NIACL (New India Assurance Company Ltd) The recent price movement indicates a breakout from a consolidation phase, signaling the potential continuation of the previous uptrend. This pattern aligns with the characteristics of a Symmetrical Continuation Triangle (Bullish), where two trendlines converge due to the price making lower highs and higher lows. During this period, trading volume typically decreases as the price oscillates within a narrowing range, reflecting uncertainty. However, before the triangle's apex is reached, a breakout above the upper trendline occurs, accompanied by a significant increase in volume. This breakout serves as a confirmation of the continuation of the prior uptrend. 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:NIACL
by hardeepssethi