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"Unlocking BCL Industries' Potential"✅The Volatility Contraction Pattern (VCP) is a price pattern that indicates a potential breakout. ✅How it works:- A stock's price volatility contracts before a significant price movement, which can result in explosive upward momentum. 📍An order block zone is a price range where large institutions have placed significant buy or sell orders, creating strong support or resistance. It help traders identify where the "smart money" (institutional money) has previously influenced the market, 1️⃣Overall structure- ▶️BCL Industries achieved a 54% increase in earnings and a 50% rise in revenue year-over-year ▶️stock has declined by 15.76% in 2024. Short-term targets estimate a slight rebound to ₹56.30 - ₹57.69 by year-end ▶️The company has significant debt of ₹377 crore with limited cash reserves of ₹18 crore, indicating potential liquidity risks ▶️Targets for 2025 project a potential increase to ₹112, with further growth 📊📈📉Current News- 🗞BCL Industries and Svaksha Distillery received ₹567 crore in ethanol orders for the 2023-24 supply year, delivering nearly 83,000 KL to Indian Oil, Bharat Petroleum, and Hindustan Petroleum 🗞For 2024-25, BCL's ethanol supply quota rose 17% to 18.25 crore liters, expected to boost revenue further 🗞Shares recently surged 5%, reaching a 52-week high, driven by the new contracts and increased allocations 2️⃣Technical Analysis- 📍 Key support at ₹45.85; strong resistance at ₹86.30 📍Indicate a "sell" signal, suggesting near-term bearish momentum 📍Optimistic long-term target of ₹82-₹84, 3️⃣Fundamental Analysis- ✅Operates in edible oils, distilleries (ethanol focus), and real estate. ✅Revenue of ₹2,662 cr; net profit of ₹104 cr ✅₹476 crore, with cash reserves at ₹18.41 cr ✅ Trading at a P/E of 15.9x, below sector average ✅ Ethanol production aligns with government policies, supporting long-term growth. 🙋‍♂️Recommendation: 🙏Long-term: Good potential for investment due to growth prospects. 🙏Short-term: Caution advised; monitor technical indicators and market trends closely ✅Check out my TradingView profile to see how we analyze charts and execute trades. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:BCLIND
by ReviveTraders
AUDUSD rebound appears interesting if it stays beyond 0.6960AUDUSD managed to rebound from a two-year low on Friday, snapping a six-day downtrend and portraying a falling wedge bullish chart pattern. However, downbeat data from China and fresh fears of covid resurgence push the risk-barometer pair to reverse the previous day’s recovery moves during early Monday. Even so, the RSI’s bullish divergence, confirmation of the falling wedge seems more likely, which in turn could gain recovery strength on staying beyond the 0.6960 hurdle. Following that, a run-up towards the downward sloping trend line from early April, surrounding 0.7150 can’t be ruled out. However, the 0.7000 and the 0.7100 thresholds may offer intermediate halts during the anticipated rally. If at all the pair buyers keep reins past 0.7150, the 200-SMA level near 0.7280 will act as the last defense for the bears. Meanwhile, fresh declines can initially target the latest multi-month low around 0.6830 ahead of challenging the 0.6800 round figure, also comprising the lower line of the aforementioned wedge. It’s worth noting that the AUDUSD pair’s sustained downtrend past 0.6800 will aim for an early 2020 peak close to 0.6685 before targeting the sub-0.6600 area. Overall, AUDUSD bears are running out of steam and a corrective pullback is more likely.
by MTradingGlobal
Falling wedge at two-year low teases GBPUSD buyers, UK GDP eyedGBPUSD remains guarded, despite all the difficulties, ahead of the preliminary readings of UK Q1 2022 GDP. In doing so, the cable pair portrays a falling wedge bullish chart pattern at the lowest levels since June 2020. Given the likelihood of firmer UK growth numbers and anticipated positive news from Brexit, not to forget the wedge near multi-month low, the cable has brighter odds of consolidating recent losses. However, a clear upside break of 1.2415 becomes necessary to the ball rolling in favor of buyers. Following that, the 200-SMA level surrounding 1.2850 may probe the theoretical upswing towards 1.3200. It’s worth noting that the 1.3000 psychological magnet and April’s high near 1.3165 can act as additional upside filters to watch. Alternatively, a disappointment may drag the quote initially towards the latest bottom near 1.2260, a break of which could propel GBPUSD prices towards the stated wedge’s support line, close to 1.2200. In a case where the cable pair remains on the back foot past-1.2200, May 2020 low around 1.2075 might test the bears on the way to the 1.2000 round figure. Overall, GBPUSD bears seem running out of steam ahead of the key UK data and the falling wedge near the two-year top appears cherry on the top. Though, it all depends upon the British GDP, which in turn requires caution on the part of buyers.
by MTradingGlobal