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Republic Day Special Positional Scrip - Forbes & Company Ltd Forbes & Company Ltd- Technically tight setup. Price coming out from a Dravas Box pattern. With improvements in fundamentals. Managable debt. Into Engineering, Real Estate & Technosystems. Expecting good upside in this scrip. Stoploss - 660 *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.
BSE:FORBESCOLong
by nishant_bhatt
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
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
Bullish symmetrical continuation triangle pattern formationBullish symmetrical continuation triangle pattern has been formed in daily chart of Sterling Tools . This pattern is characterized by converging trendlines, lower highs, and higher lows. It typically occurs during a consolidation period when the market is uncertain about its direction. Here's a breakdown of the pattern: Converging Trendlines: The pattern consists of two trendlines that converge, forming a triangle shape. The upper trendline connects the lower highs, while the lower trendline connects the higher lows. As time progresses, the price range between the trendlines narrows. Decreasing Volume: During the formation of the pattern, trading volume tends to diminish. This decrease in volume reflects the market's uncertainty and lack of conviction regarding the future price direction. Breakout and Confirmation: Before the triangle reaches its apex (the point where the trendlines converge), there is a breakout above the upper trendline. This breakout is accompanied by a noticeable increase in trading volume, which serves as confirmation of the pattern. The breakout and increased volume suggest a continuation of the prior uptrend. Based on the daily chart analysis, it appears that the price has broken upward out of the consolidation period, indicating a continuation of the prior uptrend. Traders and analysts who recognize this pattern may interpret it as a bullish signal, suggesting that the price is likely to move higher. However, it's important to note that patterns alone cannot guarantee future price movements, and other factors should be considered in conjunction with the pattern analysis. Note for everyone who came across this reference: 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:STERTOOLS
by hardeepssethi
Jupiter Wagons Ltd forms bullish "Continuation Wedge" "Continuation Wedge (Bullish)" chart pattern formed on Jupiter Wagons Ltd ( NSE:JWL ). This bullish signal indicates that the stock price may rise from the close of 309.50 to the range of 348-380. The pattern formed over 37 days which is roughly the period of time in which the target price range may be achieved. 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:JWL
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
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
Symmetrical Continuation Triangle patternIt seems that the price of KAMDHENU has recently experienced a bullish breakout from a consolidation period. This breakout suggests that the prior uptrend is likely to continue. A Symmetrical Continuation Triangle pattern has formed , which is a technical chart pattern characterized by converging trendlines. In this pattern, the price forms lower highs and higher lows, indicating a period of indecision and uncertainty in the market. During this time, the trading volume typically decreases. However, before the triangle pattern reaches its apex (the point where the trendlines converge), the price breaks out above the upper trendline. This breakout above the upper trendline serves as confirmation that the pattern is a continuation of the prior uptrend. Please note that this explanation is based on the assumption and is related to technical analysis in financial markets. It's important to consider other factors and conduct thorough analysis before making any investment decisions. Note for everyone who came across this reference: 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:KAMDHENU
by hardeepssethi
Indiabulls Housing Finance Weekly breakout, Bullish viewIndiabulls Housing Finance price resist at trendline in weekly timeframe since Nov 2019 and tried to break multiple times, recently in nov 2023 gives breakout with good volume and also volume increases gradually. also retest of this trendline is confirmed in daily Tf my view is to go long above 215 for decent profit in midterm also it my be a good opportunity to invest at this time for long term view midterm target is for 40% longterm 💵💸💰
ILong
by Sabakarim
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
EIH Ltd forms bullish "Continuation Wedge" chart patternA "Continuation Wedge (Bullish)" chart pattern formed on EIH Ltd ( NSE:EIHOTEL ). After a temporary interruption, the prior uptrend is set to continue. This bullish signal indicates that the stock price may rise from the close of 232.20 to the range of 249.00 - 253.00 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:EIHOTEL
by hardeepssethi
JSW ENERGY - Getting Tight #Insidebar #dojiJSW Energy after a good consolidation is now getting ready for another upmove, formation of tight dojis and Inside bar, also today's last 10min closing suggests there would be a sudden spurt in this scrip. Ripe for swing trade. Ideal Stoploss would be 378. *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:JSWENERGYLong
by nishant_bhatt
ARVSMART - Symmetrical Continuation Triangle (Bullish)NSE:ARVSMART - DAILY CHART ANALYSIS Pattern found - "Symmetrical Continuation Triangle (Bullish)" A "Symmetrical Continuation Triangle (Bullish)" is a technical chart pattern used in technical analysis to predict potential future price movements in financial markets, particularly in stocks, currencies, commodities, or other assets. This pattern is considered a continuation pattern, implying that it often suggests that the prevailing trend will continue after a period of consolidation. Traders and investors use this pattern to make trading decisions. When a bullish symmetrical triangle pattern forms, it suggests that there is a good chance the asset's price will continue its previous upward trend, and traders may consider buying the asset. However, like all technical patterns, it's essential to remember that they are not foolproof, and traders should use other indicators and risk management strategies to guide their decisions. Always consider the broader market context and use other tools and analysis methods to increase the probability of successful trades or investments.
NSE:ARVSMART
by hardeepssethi
Symmetrical Continuation Triangle (Bullish)A "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on Sutlej Textiles and Industries Ltd ( NSE:SUTLEJTEX ). This bullish signal indicates that the stock price may rise from the close of 59.77 to the range of 69.00 - 72.00. The pattern formed over 36 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: The price has broken upward out of a consolidation period, suggesting a 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:SUTLEJTEX
by hardeepssethi
Low risk swing trade in #SOLARASeems like Solara Active Pharma has bottomed out. With the recent high volume followed by tight inside candles + inside dojis, this is a picture perfect setup for swing trade. Pharma sector is in an uptrend so can expect #SOLARA to jump the wagon as well. Enter @ CMP Stoploss 322 *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:SOLARALong
by nishant_bhatt
VCP development #DHINDIATight VCP can be seen developing in DHINDIA, looks like its setting up for a impulse move now. All the scrips in Capital Goods seem to be in trend. I'll be keeping my position low in this trade. Stoploss 75 *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.
BSE:DHINDIALong
by nishant_bhatt
Federal-Mogul Goetze (India) Ltd - Looks Good!The chart for Federal-Mogul Goetze (India) Ltd ( NSE:FMGOETZE ) shows a bullish chart pattern known as a "Continuation Wedge (Bullish)." This pattern suggests that the stock price, currently at 350.45, is likely to increase in the near future, with a first potential target price of 377.70 In essence, the Continuation Wedge (Bullish) indicates a temporary pause in an ongoing uptrend. It is characterized by two converging trendlines, both sloping downward against the prevailing uptrend. During this phase, there is a battle between bears (sellers) and bulls (buyers). However, ultimately, the bulls gain the upper hand, as the stock's price breaks above the upper trendline. This breakout signals a continuation of the prior uptrend, suggesting that the stock is likely to resume its upward movement. In simpler terms, it's like a brief pause in an upward trend, but the bulls are expected to take control again and push the stock's price higher. 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:FMGOETZE
by hardeepssethi
#GROBTEA Cha Da Time Lagda Grob Tea looks good as Positional Trade. After a long consolidation, stock is trading in a Inside Bar candle range of 978-825 for almost 4 months now, also smart money are leaving their footprints (check the volume bars). Expecting good move to come soon now. Stoploss - (low risk)828, (high risk)780 *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:GROBTEALong
by nishant_bhatt
FAZE THREE LTD - BOTTOM TRIANGLE & BULLISH WEDGE"Bottom Triangle" chart pattern formed on Faze Three Ltd ( NSE:FAZE3Q ). This bullish signal indicates that the stock price may rise from the close of 477.80 to the range of 507.00 - 520.00. The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation and forming bullish wedge. 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:FAZE3Q
by hardeepssethi