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TCS - Looks Good!Reason- NSE:TCS - Double bottom pattern with piercing candle on Daily Chart. Duration 7-15 days The Double Bottom pattern emerges within a downtrend when the price hits two lows at approximately the same level. During this formation, the volume tends to taper off, indicating a decrease in the selling pressure. At each low point, there might be a slight increase in volume, although it's generally less pronounced during the second low. The pattern's completion occurs when the price surpasses the highest high between the two lows, confirming a bullish signal and signaling a potential upward breakout. 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:TCS
by hardeepssethi
BCPL Railway Infrastructure Ltd - Continuation Wedge (Bullish)A "Continuation Wedge (Bullish)" chart pattern has emerged on the BCPL Railway Infrastructure Ltd (BSE) stock . This pattern, suggesting a potential upward movement, implies that the stock, currently closing at 58.26, might experience an increase in the range of 75.00 to 79.00. This pattern took shape over a span of 33 days, roughly aligning with the anticipated time frame for the stock to reach the projected price range. These observations are based on established principles of technical analysis. 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:BCPL
by hardeepssethi
BMW INDUSTRIES LTD - TECHNICAL AND FUNDAMENTAL ANALYSISTechnicals Bullish Momentum - Above Short, Medium and Long Term Moving Averages The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. MACD + RSI POSITIVE Pattern: Symmetrical Continuation Triangle (Bullish) The stock is seeing buyer demand, and is bullish across its technicals compared to the rest of the stock universe Stochastic(20,3) 94.51 Overbought RSC (6 months) 104.33 Outperformer Fundamentals POSITIVE Annual Revenue rose 24.1%, in the last year to Rs 571.5 Crores. Its sector's average revenue growth for the last fiscal year was 9.8%. POSITIVE Quarterly Revenue rose 16.1% YoY to Rs 158.6 Crores. Its sector's average revenue growth YoY for the quarter was 0%. POSITIVE Annual Net Profit rose 57.7% in the last year to Rs 54.5 Crores. Its sector's average net profit growth for the last fiscal year was -53%. POSITIVE Quarterly Net profit rose 81.2% YoY to Rs 15.6 Crores. Its sector's average net profit growth YoY for the quarter was -34.9%. POSITIVE Stock Price rose 60.1% and outperformed its sector by 4.2% in the past year. POSITIVE Price to Earning Ratio is 16.2, lower than its sector PE ratio of 33.3. POSITIVE Debt to Equity Ratio of 0.4 is less than 1 and healthy. This implies that its assets are financed mainly through equity. NEGATIVE Return on Equity(ROE) for the last financial year was 9%, less than 10%, indicating an inefficient use of shareholder's capital to generate profit. NEUTRAL Promoter Share Holding stayed the same in the most recent quarter at 74%. POSITIVE Interest Coverage Ratio is 5.8, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT). POSITIVE Promoter Pledges are zero. Currently valued at Good to expensive valuation 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:BMW
by hardeepssethi
Hazoor - Bullish Technical chart patternA Symmetrical Continuation Triangle (Bullish) is a technical chart pattern used in technical analysis to predict potential price movements in financial markets, particularly in stocks, currencies, and commodities. The same has been identified in daily-chart of BSE:HAZOOR Hazoor Multi Projects Ltd. This pattern is characterized by the following key features: Two Converging Trendlines: The pattern consists of two trendlines that converge toward each other, forming a triangle shape on the chart. One trendline connects the higher highs (resistance line), and the other connects the higher lows (support line). These trendlines represent the battle between buyers and sellers, with neither side dominating. Lower Highs and Higher Lows: Within the triangle, the price makes lower highs and higher lows. This signifies a period of indecision and consolidation in the stock as the range between the high and low prices narrows. Diminishing Volume: As the price swings within the triangle, the trading volume tends to decrease. This decline in volume reflects the stock's uncertainty and lack of conviction about the future price direction. Breakout with Increased Volume: The key event in a bullish symmetrical continuation triangle is the breakout. Typically, well before the triangle reaches its apex (the point where the trendlines converge), the price breaks out above the upper trendline. What makes this breakout significant is the noticeable increase in trading volume. This surge in volume signals a strong shift in stock sentiment and confirms the pattern as a continuation of the prior uptrend. The bullish symmetrical continuation triangle suggests that after the breakout, the price is likely to resume its previous upward trend, as indicated by the prior uptrend. Traders and investors often use this pattern to make informed decisions. They may enter long positions (buy) when the breakout occurs and volume confirms the pattern, with price targets set based on the height of the triangle. However, it's important to note that no technical pattern is foolproof, and false breakouts can occur. Therefore, traders typically use other technical indicators and risk management strategies in conjunction with pattern analysis to make more informed trading decisions.
H
by hardeepssethi
RSI DIVERGENCE - RADICO KHAITANNSE:RADICO - DAILY CHART ANALYSIS The price was heading down, making lower lows. Initially, the RSI indicator was following the price too. on daily chart its seen that the RSI starts making higher lows while the price is still heading down. That’s when divergence pattern appears. After a bullish divergence, the price will tend to change from a downtrend to an 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:RADICO
by hardeepssethi
INOXWIND - Looks Good!Company: INOX WIND LTD. NSE SYMBOL: NSE:INOXWIND Chart Analysis: Daily Chart Pattern Identification: Double Bottom & Symmetrical Continuation Triangle (Bullish) The price seems to have reached a bottom after failing to break through a support level and ultimately rising higher in a sign of reversal to a new uptrend. 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:INOXWIND
by hardeepssethi
JK Lakshmi Cement Ltd forms bullish "Diamond Bottom" patternA bullish chart pattern known as a " Diamond Bottom " has emerged on the DAILY-CHART of JK Lakshmi Cement Ltd ( NSE:JKLAKSHMI ) . This pattern is considered a positive indicator, suggesting that the stock price could potentially increase and reach a range between 748.00 and 765.00. The pattern took shape over a period of approximately 71 days, and this duration aligns with the standard principles of technical analysis, indicating when the stock might reach the target price range. The Diamond Bottom pattern typically initiates during a downtrend, as stock prices exhibit higher highs and lower lows, forming a broadening pattern. Subsequently, the trading range begins to narrow after the peak of the highs, and the lows start showing an upward trend. The key moment occurs when the stock price breaks upward beyond the boundaries of the diamond shape. This breakout signifies a significant reversal, indicating a shift toward a new uptrend in the stock's performance. This optimistic pattern is clearly visible on the provided chart and was identified through Trading Central's specialized pattern recognition technology. 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:JKLAKSHMI
by hardeepssethi
Double Bottom & Head and Shoulders Bottom PatternRushil Decor Ltd. Daily Chart showing Double Bottom & Head and Shoulders Bottom Pattern Formation Double Bottom Pattern The price seems to have reached a bottom after failing to break through a support level and ultimately rising higher in a sign of reversal to a new uptrend. The Double Bottom pattern forms during a downtrend as the price reaches two distinct lows at roughly the same price level. Head and Shoulders Bottom Pattern The price seems to have reached the end of a period of "accumulation" at the bottom of a major downtrend; the break up through resistance signals a reversal to a new uptrend. The Head and Shoulders Bottom is created by three successive declines in the price following a significant downtrend. 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.
R
by hardeepssethi
GENCON - DAILY CHART DOUBLE PATTERNA "Double Bottom" is a technical analysis chart pattern frequently observed in financial markets, such as stocks, commodities, and forex. This pattern is considered a bullish reversal pattern, indicating that an ongoing downtrend might be coming to an end and a new uptrend could be emerging. The Double Bottom pattern consists of two distinct downward price movements followed by a reversal. Here's how it typically forms: Initial Downtrend: The price of the asset is in a downward trend, indicating a bearish sentiment. This phase represents the first leg down. First Low: The price reaches a low point and then experiences a minor upward correction. This forms the first low point of the pattern. Second Downtrend: After the first upward correction, the price resumes its downward movement, usually not reaching the previous low. This second decline is typically on lighter volume compared to the initial downtrend. Second Low: The price finds support at a level close to the previous low but doesn't break below it. This forms the second low point of the pattern. At this stage, buyers are stepping in to prevent the price from falling further. Reversal Confirmation: Once the price starts moving upwards from the second low and breaks through a certain resistance level (often a "neckline" drawn through the highs between the two lows), it confirms the pattern's completion. This breakout is seen as a bullish signal, suggesting a potential trend reversal. Traders and analysts often use the depth between the lowest point of the pattern and the neckline to estimate a potential price target for the subsequent uptrend. However, it's important to note that not all double bottom patterns result in successful reversals. Like any technical analysis pattern, false signals can occur, and it's advisable to use additional indicators and analysis to confirm the pattern's validity. As with any trading or investment strategy, it's crucial to combine technical analysis with fundamental analysis and risk management to make well-informed decisions. Note: 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:GENCON
by hardeepssethi
A Continuation Wedge (Bullish) pattern in ARVINFASN A Continuation Wedge (Bullish) is a technical chart pattern often observed in financial markets, particularly in price charts of stocks, currencies, commodities, and other assets. This pattern is characterized by its appearance during an uptrend and signifies a temporary pause or consolidation before the prevailing uptrend resumes. Here's a breakdown of its features and implications: Pattern Appearance: The Continuation Wedge (Bullish) consists of two converging trendlines, both of which slant downward against the prevailing uptrend. The upper trendline, often referred to as the resistance line, is formed by connecting the swing highs (peaks) of the price action. The lower trendline, known as the support line, is created by joining the swing lows (troughs) of the price action. As the pattern evolves, these trendlines gradually converge, forming a wedge-like shape. Duration: This pattern typically spans a relatively short period, usually a few weeks to a few months, during which the price movement becomes increasingly narrower within the confines of the converging trendlines. Volume: Throughout the formation of the Continuation Wedge (Bullish), trading volume often contracts. This decrease in volume signifies a lack of conviction among traders and investors, contributing to the narrowing price range. Market Psychology: The pattern reflects a tug of war between bullish and bearish forces. The bears attempt to reverse the ongoing uptrend, causing the price to move within the confines of the converging trendlines. However, despite the bearish pressure, the bulls eventually gain the upper hand, leading to a breakout to the upside. Breakout: The most critical aspect of the Continuation Wedge (Bullish) is the breakout. The bullish breakout occurs when the price breaches and closes above the upper trendline (resistance line) of the pattern. This breakout signals the end of the temporary interruption and the resumption of the prior uptrend. Price Target: To estimate the potential price target following the breakout, you can measure the height of the widest part of the wedge (the distance between the highest and lowest points of the wedge) and add it to the breakout point. This can provide a rough idea of how far the price might move upward after the breakout. Confirmation: As with any technical pattern, it's important to wait for confirmation of the breakout before making trading decisions. Traders often look for a clear, convincing close above the upper trendline and an increase in trading volume to confirm the validity of the breakout. Remember that while technical analysis can provide valuable insights, it's not foolproof and should be used in conjunction with other forms of analysis and risk management strategies. 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:ARVINDFASN
by hardeepssethi
STARCEMENT - Bottom Triangle chart patternBottom Triangle chart pattern formed on Star Cement Ltd . The pattern formed over 25 days which is roughly the period of time in which the possibility price range may be achieved, according to standard principles of technical analysis. Tells Me: The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. 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:STARCEMENT
by hardeepssethi
Electronics Mart India Ltd - Looks Good!A "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on Electronics Mart India Ltd ( BSE:EMIL ). Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. This bullish signal indicates that the stock price may target up range of 150.00 - 160.00. 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.
BSE:EMIL
by hardeepssethi
EQUITASBNK - Continuation Wedge (Bullish)Daily chart analysis of EQUITASBNK tells me that following a brief pause, the previous upward trend is poised to resume. A Bullish Continuation Wedge illustrates a momentary pause in an ongoing upward trend, characterized by two converging trendlines that both slope downward against the prevailing trend. Throughout this phase, there's a struggle between bearish and bullish forces, with bears attempting to gain control over bulls. Eventually, the bulls emerge victorious, as evidenced by a decisive breach above the upper trendline. This breach serves as an indicator that the prior upward trend is set to carry on. Target is marked on the chart. Note: Traders and investors often use them in conjunction with other technical and fundamental analysis tools to make more informed decisions. 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:EQUITASBNK
by hardeepssethi
GodrejAgro - Symmetrical Continuation Triangle (Bullish)A Symmetrical Continuation Triangle, also known as a Bullish Symmetrical Triangle, is a technical chart pattern observed in daily chart of Godrej Agrovet Ltd. This pattern is considered a continuation pattern, indicating that the price is likely to continue in the same direction as the trend that was in place before the formation of the triangle. In the case of a Bullish Symmetrical Triangle, the prior trend is typically upward (bullish). Breakout: The breakout from the triangle is the key signal. A Bullish Symmetrical Triangle has a bullish bias, meaning that the price is more likely to break out to the upside, continuing the prior uptrend. Price Target: You can measure the height of the triangle at its widest point (the base) and then add that measurement to the breakout point. This gives you a potential target for the price move. Stop Loss: Traders often set stop-loss orders just below the lower trendline to manage risk in case the pattern fails and the price breaks down instead of up. Confirmation: Confirmation of the pattern's validity comes after the breakout. The breakout should ideally be accompanied by a surge in trading volume, providing more confidence in the bullish move. 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:GODREJAGRO
by hardeepssethi
SIGACHI a classic example of Wykcoff accumulationSIGACHI Industries is showing signs of Wykcoff Accumulation. I I have explained earlier in my post how Wyckoff accumulation works. Please refer it. I believe a trend reversal is taking place here. I have entered the scrip with stoploss placed @ 280. *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:SIGACHILong
by nishant_bhatt
MONTECARLO - Reversal PatternDAILY CHART ANALYSIS OF NSE:MONTECARLO The Diamond Bottom pattern, also known as the Diamond Reversal pattern , is a technical chart pattern frequently used in technical analysis to identify potential trend reversals in financial markets, such as stocks, forex, and commodities. It is a rare pattern and is considered a reversal pattern, indicating a potential change in the direction of the prevailing trend. Here are the key characteristics of the Diamond Bottom pattern: Formation: The Diamond Bottom pattern typically occurs after a prolonged downtrend, signaling that the existing bearish trend may be coming to an end. Shape: The pattern resembles a diamond shape on the price chart, with two converging trendlines – one representing the upper highs (resistance) and the other representing the lower lows (support). These trendlines create a diamond-like shape on the chart. Duration: The pattern usually takes several weeks to form, and it can be seen as a period of consolidation or indecision in the market. Volume: The volume tends to diminish as the pattern forms, indicating uncertainty or indecision among traders. Breakout: The breakout from the Diamond Bottom pattern is significant. When the price breaks above the upper trendline (the resistance line), it suggests a potential bullish reversal, and traders may consider buying. Conversely, if the price breaks below the lower trendline (the support line), it could indicate a continuation of the downtrend. Price Target: To estimate a price target for a bullish breakout, measure the height of the diamond from the highest point to the lowest point of the pattern and add that distance to the breakout point. For a bearish breakout, subtract the same distance from the breakout point. Confirmation: It's important to look for additional confirmation signals, such as bullish candlestick patterns or other technical indicators, to increase the reliability of the pattern. Remember that not all Diamond Bottom patterns result in trend reversals. Like all technical patterns, it's essential to use other analysis tools and indicators to confirm the signal. Traders often use stop-loss orders to manage risk when trading based on this pattern since false breakouts can occur. As with any technical analysis pattern, it's crucial to consider the broader market context, news events, and other factors that can impact the price of the asset you're trading. Additionally, patterns like the Diamond Bottom are more reliable when they occur on higher timeframes, such as daily or weekly charts, as opposed to shorter intraday timeframes. 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:MONTECARLO
by hardeepssethi
NYKAA looks good!Why NYKAA Looks Good? In the recent price action, we have observed a notable bullish trend as the price has surpassed the level it was trading at 10 bars ago. This upward momentum indicates a positive market sentiment and suggests the potential for further price increases. Furthermore, we have also noticed a significant development in the price crossing above the 21-day moving average. This event suggests a shift in the market dynamics, as the price has moved beyond a key indicator of the average price over the past 21 day. This breakout above the moving average indicates a potential reversal from a previous downtrend to a new uptrend. Additionally, prior to this breakout, the price appeared to have undergone a period of accumulation near the bottom of the major downtrend. This accumulation phase typically signifies a consolidation or gathering of buying interest, potentially indicating a market bottom. The subsequent breakthrough of resistance further strengthens the case for a reversal in the overall market direction. In summary, the recent price action and the breakout above the 21-day moving average point towards a shift from a bearish trend to a bullish trend. The market seems to have concluded a phase of accumulation and is now signaling a new uptrend. 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:NYKAA
by hardeepssethi
JINDAL PHOTO - VCP breakout incomingJINDAL PHOTO has formed a VCP pattern after a good impulse move, after a good time correction, I think it is ready to move again, also all holding companies such as #JSWHL, #PILANIINVS, #NSIL, #BFINVEST are showing good strength and are near their all time high pivot zone. Do look at these names. Ideal Stoploss is 330. *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:JINDALPHOTLong
by nishant_bhatt