SAMKRG Pistons & Rings - Monthly - Long Term Channel - BullishSAMKRG Pistons & Rings Ltd. (BSE: 520075) has been trading within a well-defined ascending channel, showcasing a consistent long-term uptrend. The chart highlights key support levels at the bottom of the channel, from where the price has always bounced.
The recent price action and technical indicators suggest a potential for further gains.
Key Points:
1. Ascending Channel: The stock has been moving within a clear ascending channel since 2006. The price recently rebounded from the lower boundary of the channel, indicating strong support and a continuation of the upward trend.
2. Key Support Levels: The chart shows multiple instances where the stock has found strong support at the bottom of the channel. Each bounce from this support level has led to significant upward movements, affirming the reliability of this trend.
3. Relative Strength Index (RSI): The RSI has made higher lows and higher highs in the preceding months and looks to be on an upward trajectory.
Disclosure: Invested at ₹179
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
Longterm
ITC - Expecting a ATH Breakout soon! 50%+ gains loading...Price Analysis & Overview:
1. Prices are holding support, most likely the base formation is complete.
2. EMA support taken
3. It should break the trendline with strength to continue the momentum.
4. Minimum 50% upside move pending.
5. Worst case it might restest 367 breakout level.
6. A must-have defensive (FMCG sector) stock in core pf.
Monthly view:
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
IRB INFRA IS GOING TO BLAST!!!IRB INFRA Toll Revenue for the month of June 2024 rises 35% Y-o-Y. More than 34000 cr order book having currently.
Currently IRB Infra moving within a range between 61 to 79. Any side it break give 25% return on breakout.
With a mind long term view at current level is good opportunity to buy near to support level as shown in chart for a target 1 is 80 and then target -2 is 100.
Short term - there is chances to break lower level as market conditions is not doing well.
But once think, 5% increase in toll charges current year and show 32% return in first quarter and in remaining quarter if such performance is there then it will boost the share price may be 150 too.
TCS-An ATH breakout of investment stock with IHNS pattern!TCS is India's largest IT stock which has been consolidating since 2021 in an inverted head and shoulders pattern.
Stock has managed to give weekly closing above neckline with decent volumes.
Positional traders can also keep an eye on this breakout. If it sustains, we can see good quick move in the stock.
However, markets are also trading at ATH and a correction MIGHT be seen post budget.
It is better to watch the market reaction and stock movement for a week before entering.
Not a recommendation, just my personal opinion
Bullish SignsBeing a trading cum self clearances company of NSE - National Stock Exchange, it has to pass through a lot of regulatory certifications and clearances. It is an integral member of NSE and has a high scope of growth till Indian markets stands strong.
Look at the chart, for a long term investment, it give me a great bullish sign.
It has a potential to easily reach at a mark of Rs. 560 but before that it will have to reach at its first target of 220-240, consolidate there and then move ahead.
All this only if India markets stays strong and shows robust growth.
Do your analysis before investing. I’m not SEBi registered.
#BudgetUnion Kothari Sugars And Chemicals Ltd. MULTIBAGGER StockThis Company should be next Multibagger Stock in 2024-2025. This stocks has potential to gave a unpredictable growth. This Company is engaged in manufacturing of Sugar, Alcohol and Power.
It also caters to the demand of both domestic and International markets. And the most important thing is that it manufactures ETHANOL.
The company has shown a good profit growth of 29.25% for the Past 3 years.
The company has shown a good revenue growth of 20.02% for the Past 3 years.
The company has significantly decreased its debt by 18.35 Cr.
Company has a healthy Interest coverage ratio of 15.09.
Company’s PEG ratio is 0.74.
The company has an efficient Cash Conversion Cycle of 24.35 days.
The company has a good cash flow management; CFO/PAT stands at 1.39.
The company has a high promoter holding of 73.53%.
The company has a strong degree of Operating leverage, Average Operating leverage stands at 18.70.
YES Bank - SIP System InvestmentYes bank is good to buy on SIP based system.
Market Cap: ₹ 80,940 Cr.
Promoter holding: 0.00 %
FII holding: 28.4 %
DII holding: 38.1 %
Public holding: 33.5 %
Promotors holding is 0% now but majority of Stocks on DII has and DII are's most of banks and insurance companies. Once these company hold for the long time and stock rises. Promoters will be interested to buy this stock.
Shakti pumps-A long-term investment stock!Shakti pumps had given volume breakout of cup and handle pattern in weekly time frame
Stock is retesting the breakout and low volumes during retracement indicate the same.
If the stock bounces from this support of 950-975, one must not miss this stock for medium to long term. Levels mentioned on chart.
One of the best stock to invest in "Make in India" growth story.
Stock has given remarkable returns in the last 1 year and has the potential to give similar returns in coming years.
ZENSARTECH BREAKOUT 🚀🚀 (Inverted Head & Shoulder) Zensar Technologies Ltd has hit it's all time high with a very strong bullish pattern which is called as the inverted Head & Shoulder or (tripple bottom by a few ).
Zensar Technologies Ltd has been performing pretty good from a few quarters . The net profit of the company is increasing along with its sales , also the Earning of the company is increasing with good momentum as well . This is now visible on the charts.
BSoft-ATH breakout retest of an investment stockNiftyIT sector is looking very weak as we have seen a breakdown of support.
BSoft is one smallcap IT stock which has big potential to grow in future.
Currently, stock is retesting its previous ATH and once stock goes above 650, a good swing trade can be initiated only if NiftyIT turns bullish.
If we see a fall in this stock and you are a long term investor, best price to accumulate this stock is between 490-520. Stock becomes extremely weak below 380.
SAIL - Long Term Buying OpportunitySAIL Long Term chart looks interesting.
Breaking out of a long term channel supported by momentum, supported by relative strength and supported by volumes.
Likely to move towards 2008 highs which presents a good upside opportunity from here.
Watching closely.
PS: Now I don't quite understand Elliot wave in detail, but try and lookout for whatever could to be 3rd wave breakouts. Even if I catch a few right, the momentum makes it worthwhile