Rounding Bottom Pattern Breakout and Retest Seen in ABSLAMCHello Everyone i hope you all will be doing good in your life and your trading as well. I have brought a stock which has given a breakout of ROUNDING BOTTOM PATTERN later we have seen pull back pattern as well, Now stock has given good pullback from it's breakout zone with huge volume spike,. Stock is ready to fly in blue sky. Think for long term only. stock is just trading near to IPO price. India’s Leading AMC ABSBL is one of the largest non-bank affiliated AMC in India managing AUM of ₹6002 bn under its suite of mutual funds, portfolio management services, offshore and real estate offerings.
PAN India presence:-
Co. has the largest impanelled distribution network covering 290+ locations with 300+ national distributors and 76,300 Mutual Fund distributors covering 19,000+ Pan-India pin codes.
Market Cap
₹ 22,463 Cr.
Current Price
₹ 779
High / Low
₹ 804 / 423
Stock P/E
27.0
Book Value
₹ 110
Dividend Yield
1.73 %
ROCE
34.9 %
ROE
27.4 %
Face Value
₹ 5.00
Industry PE
23.9
Debt
₹ 79.1 Cr.
EPS
₹ 28.9
Promoter holding
75.0 %
Intrinsic Value
₹ 363
Pledged percentage
0.00 %
EVEBITDA
20.1
Change in Prom Hold
-0.05 %
Profit Var 5Yrs
11.8 %
Sales growth 5Years
3.05 %
Return over 5years
%
Debt to equity
0.02
Net profit
₹ 832 Cr.
ROE 5Yr
30.9 %
Profit growth
22.6 %
Earnings yield
4.80 %
PEG Ratio
2.29
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Intraday
BANK NIFTY INTRADAY LEVELS FOR 17/10/2024BUY ABOVE - 51990
SL - 51820
TARGETS - 52220,52400,52600
SELL BELOW - 51660
SL - 51820
TARGETS - 51380,51160,50920
NO TRADE ZONE - 51660 to 51990
Previous Day High - 51990
Previous Day Low - 51660
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 17/10/2024BUY ABOVE - 25020
SL - 24950
TARGETS - 25100,25160,25220
SELL BELOW - 24950
SL - 25020
TARGETS - 24890,24800,24700
NO TRADE ZONE - 24950 to 25020
Previous Day High - 25100
Previous Day Low - 24890
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
BANK NIFTY INTRADAY LEVELS FOR 16/10/2024BUY ABOVE - 51990
SL - 51820
TARGETS - 52220,52400,52600
SELL BELOW - 51660
SL - 51990
TARGETS - 51380,51160,50920
NO TRADE ZONE - 51660 to 51990
Previous Day High - 51990
Previous Day Low - 51660
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 16/10/2024BUY BELOW - 25100
SL - 25020
TARGETS - 25160,25220,25280
SELL BELOW - 25020
SL - 25100
TARGETS - 24950,24890,24800
NO TRADE ZONE - 25020 to 25100
Previous Day High - 25220
Previous Day Low - 25020
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
BANK NIFTY INTRADAY LEVELS FOR 15TH OCT 2024BUY ABOVE - 51820
SL - 51600
TARGETS - 51990,52120,52260
SELL BELOW - 51600
SL - 51820
TARGETS - 51340,51160,50920
NO TRADE ZONE - 51600 to 51880
Previous Day High - 51880
Previous Day Low - 51160
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 15TH OCT 2024BUY ABOVE - 25160
SL - 25100
TARGETS - 25230,25280,25340
SELL BELOW - 25050
SL - 25100
TARGETS - 24970,24890,24800
NO TRADE ZONE - 25050 to 25160
Previous Day High - 25160
Previous Day Low - 25050
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
BANK NIFTY INTRADAY LEVELS FOR 14/10/2024BUY ABOVE - 51340
SL - 51160
TARGETS - 51600,51820,51990
SELL BELOW - 50920
SL - 51160
TARGETS - 50600,50300,49930
NO TRADE ZONE - 50920 to 51340
Previous Day High - 51600
Previous Day Low - 50920
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 14/10/2024BUY ABOVE - 25060
SL - 24970
TARGETS - 25120,25180,25230
SELL BELOW - 24970
SL - 25060
TARGETS - 24890,24800,24700
NO TRADE ZONE - 24890 to 24970
Previous Day High - 25050
Previous Day Low - 24890
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
IPCA Lab - Observing Buy SetupCMP 1361 on 09.08.24
The above weekly chart shows that the price has formed a cup & handle pattern in the last 2 years. If this pattern continues we can expect a breakout on the charts.
MACD is showing a likely crossover too.
Possible targets may be 1600/1800 or even more.
As long as it sustains above 1300, this setup remains relevant.
Decide your exit levels according to your position sizing and risk-management.
This illustration is only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Navin Fluorine - Positional SetupThe chart shows the possible supports and resistances. At present, the price is about to cross a predefined resistance area around 3450-3500. If crosses the zone and picks some momentum, we may see upper targets according to the setup.
Also, the gap area upside is to be filled in due time, of course in a bullish phase.
If sustains above 3500, may go to 4000/4200 or even more.
If sustains below 3200, this setup will go weak.
Decide your entry and exit levels and position size in accordance with your risk management.
All this illustration is only my view, just for learning and sharing purposes, not trading advice in any form.
All the best.
Indiamart - Keep On WatchCMP - 2930 on 27.09.24
Since January 24, the stock has formed a Cup & Handle-like pattern. It is now retesting the immediate support, which is around 2900-2950. If picks a bullish momentum and gives breakout of C & H pattern. It may go to 3650/ 4100+.
However, the breakout level is above 3400 but the current price is a good place for an early entry with a more favorable risk-reward ratio.
Considering risk management, one has to choose the entry-level and position size wisely.
If the price sustains below 2620, This setup loses significance.
Trade wisely and calmly.
The above Illustration is only for educational and sharing purposes, not a trading recommendation in any form.
All the best.
COLPAL RANGE BREAKOUT WITH MASSIVE VOL A range breakout occurs when the price of a stock moves outside a defined range of support and resistance levels. This can signal a potential trend change or continuation, depending on the direction of the breakout. Here are some key points to consider:
Identifying a Range
Support and Resistance: Identify the horizontal levels where the price has repeatedly bounced off (support) and where it has faced resistance.
Consolidation: Look for a period where the price moves sideways within these levels, indicating a range-bound market.
Types of Breakouts
Bullish Breakout: When the price breaks above the resistance level, it may indicate a potential upward trend.
Bearish Breakout: When the price breaks below the support level, it may signal a potential downward trend.
Confirming the Breakout
Volume: A breakout accompanied by high trading volume is more likely to be genuine.
Retest: Sometimes, the price may retest the breakout level before continuing in the breakout direction. This retest can provide a better entry point.
Trading Strategies
Entry Point: Enter the trade when the price breaks out of the range with significant volume.
Stop Loss: Place a stop loss just below the breakout level for a bullish breakout or just above for a bearish breakout.
Target: Set a target based on the height of the range added to the breakout point.
#banknifty - 24th September !Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall.
Support:
-Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further.
- Indicators: Support levels can be identified through historical price data, trend lines, or moving averages.
- Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level.
Resistance:
- Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further.
- Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages.
- Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level.
Importance:
- Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets.
- Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand.
Understanding these concepts can enhance trading strategies and improve decision-making.
BOJ keeps rates unchanged, will USD/JPY rise or fall?
Hello everyone, I’m Alisa. Today, I will share some insights about USD/JPY.
After a two-day policy meeting concluded today, the Bank of Japan (BOJ) maintained its key interest rate at 0.25%, leading to little movement in USD/JPY prices.
Looking at the chart, the EMA line remains stable with no signs of reversal. Therefore, USD/JPY is expected to maintain its trend. If resistance at 143.820 holds, the pair may drop to 141.818 or potentially 139.323.
If my prediction holds, sellers will benefit. What do you think? Do you agree with Alisa?
Maruti - Range BreakoutCMP 12620 o 20.09.24
The stock has been traveling in a rising wedge pattern since March. In the last few days, it has been consolidating within a particular range. Today showing a breakout of that range.
If momentum continues may go to 13050/13300/13700.
As far as it seems above 12570. Setup remains active. One should wisely choose the position size and exit levels while considering risk-management.
This illustration is only own view for learning and sharing purposes, it is not a trading advice in any form.
All the best.
#BANKNIFTY - 20TH SEPTEMBER Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall.
Support:
- Definition: [i ] A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further.
- Indicators : Support levels can be identified through historical price data, trend lines, or moving averages.
- Behavior : When a price approaches support, it may bounce back up. If broken, it can become a new resistance level.
Resistance :
- Definition : A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further.
- Indicators : Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages.
- Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level.
Importance :
- Trade Decisions : Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets.
- Market Psychology : Support and resistance levels reflect market sentiment and the balance between supply and demand.
Understanding these concepts can enhance trading strategies and improve decision-making.