Longterm
Medium Term Swing Trading Idea in MSTC for huge UpsideHi,
NSE:MSTCLTD has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Disclaimer: Please consult your financial advisor before making any investment decision.
MTARTech-A beautiful channel consolidation!MTARTech is one of the leading stock from defence sector. However, stock is underperforming and is currently in a channel consolidation.
Recent news of arms exports to Russia has triggered a rally in defence stocks like Datapatterns, BEL, BDL, etc.
Mtar is bouncing from lower end of channel and we can expect big rally in this stock too. A good stock for investment purposes as well.
Disclaimer:This is not a recommendation and this is my personal analysis and opinion about stock.
Dabur Long Term TargetsThis is a Weekly chart. Here are some observations:
1. Price has been in a downtrend since Oct 2021 forming a large cup potentially finishing around Jun 2025 with neckline at ₹650
2. The red trendline still has to be broken to officially get into the uptrend
3. The recent green trendline has been breached following the healthy Quarterly results posted yesterday
4. Price has touched levels of 500 multiple times suggesting it to be a strong support zone
5. Multiple resistance levels on the way up particularly at 565, 600 and 650. All of them can be used as short term targets as well
6. Final target at 800 based on the cup (500 to 650)
Growth Drivers:
1. Economy has faced high inflation in recent times reflecting in the downtrend of stock performance
2. Consumer companies are reporting rural uptick in sales
3. Global consensus of rate cuts in 2024/2025
4. India’s growing population and per capita income
Verdict:
Considering both the macroeconomic factors and the fundamental/technical combination of Dabur, it seems like it has bottomed out at around 500 and is ready for the uptrend likely to hit ₹800 in the coming years. A handle formation is likely at ₹650, so the earnings have to be tracked closely. Happy trading!
Dilip buildcon-A good infra stock to build portfolioDilip buildcon has given a monthly breakout from cup and handle pattern and is looking good for a reversal trade.
If you trust India's infra story, this stock should be in your portfolio considering its bettering fundamentals.
For short term traders, currently stock is not showing any bullishness but can give good move if Q4 2024 results are positive.
Gold price dropped shockingly on the first day of the week!Hi everybody! As I am writing these lines, XAUUSD has seen a significant price drop, down $35 in the early hours of Monday morning and is currently sitting at around $2356. The short-term outlook suggests further downside is likely.
Current chart analysis shows that gold is under downward pressure after overcoming two key support levels. This reflects the adjustment process after a week of strong price increases, when investors began to sell to take profits. If support at $2050 fails to hold, gold could continue to decline.
However, on the positive side, gold still has a chance to recover. It will soon face resistance at the Fibonacci retracement point between 0.5 and 0.618, which coincides with the intersection of the 34 and 89 EMA. Gold needs a strong push to overcome this resistance if it wants to continue. continue the upward trend in prices.
Regarding market forecasts, a recent survey of 14 Wall Street analysts showed a strong belief in the bullish prospects of gold: 72% of them predicted that gold prices will increase, 21% think prices will stabilize, and only 7% predict prices will decrease.
Tata elxsi-You shouldn't miss this breakout!Tata elxsi is one of stock from Tata groups to deliver multibagger returns in last 4 years.
Stock has strong fundamentals and is available at a decent valuation.
All long term investors shouldn't miss this opportunity to accumulate this stock.
Breakout of consolidation is already done. A follow up bullish candle can be expected next week.
TGV Sraac- A bear trap signalling a 2x return potential!TGV Sraac is a fundamentally strong small cap chemical company which is showing a strong reversal pattern.
Stock has given breakdown from support and formed a bear trap.
A big bullish candle has been formed last week.
Stock can give multibagger returns in long term. However, since stock is small cap, it is riskier to invest.
GMMPfaudler-Can it break the consolidation this time?Stock of GMM is bouncing from strong support and looking strong for a good upmove.
If the stock crosses 1800, we can expect a big move upside.
Short term traders can book at T1/T2 quickly.
Stock has good fundamentals to hold for long term as well.
HDFCBANK AnalysisHDFC Bank's Q4 performance has been applauded by many.
The amazing improvements in the deposit growth of the bank and improved fundamentals makes the stock look good for a medium to long term investment.
Here are the details-
CMP- 1524
Targets- 1580 (Short to Mid Term), 1600 (Mid to Long term)
Trailing Stoploss- 1465
Duration- Atleast 2-3 weeks, scope for long term investment.
Let me know what you think.
Quess Corp AnalysisAfter the recent fall in Mid Cap and Small Cap stocks across all counters in the Indian Stock Market, we're now anticipating a good reversal in the Mid-Small index as well as stock for the new financial year.
Thus, here's Quess Corp for April Month.
CMP- 527
Target- 600, 650 and 678 (Short, Mid and Long respectively)
Stoploss- 453 (Trailing)
Duration- Short term to Long term, based on your research, goals and advise from Financial Advisor.
let me know what you think :)
HAVELLS loos good for long-term investmentHavells appears promising for long-term investment. While it has been experiencing a correction phase since late 2021, recent developments suggest that this phase may be nearing its end. The stock has exhibited a strong reversal pattern, as depicted in the image. Consequently, it's showing signs of resuming its upward trajectory.
PSP Projects AnalysisHey Guys,
Here is the analysis of PSP Projects. An undervalued firm, it's a small-mid cap stock however, as per the analysis conducted by my team and I, we've picked this stock.
We've got a view from Short term to Long term for this one.
Here are the details-CMP- 632.45
Targets:
Short Term (upto 2 months)- 701
Medium Term (6 Months to 1 year)- 742
Long Term (more than 1 year)- 805
It would be ideal to have a Trailing Stoploss of 557. (Trailing refers to changing your stoploss as targets are achieved).
Let me know what you think about this one.
FranklinInd "Next Multi bagger" Can be a jackpot, Now or Never.Rule of warren buffet - invest in strong fundamental penny stocks and leave it.
This stock looks attractive at this price range.
The fundamentals are very good, It is performing very good if you see the profits are increasing YOY and QOQ.
I have mentioned values on charts.
Good for investing for short term and long term for multi bagger.
Please go through the fundamentals of the company, which are so strong to me balance sheet seems clean and this company has large scope to expand.
DCALDCAL : - The stock has given a breakout after 5 years. Keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
DCMNVLDCMNVL : The stock has given a breakout by forming a head and shoulders pattern.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Market wait to decide trend. Weekly closing around crucial level
The weekly chart of the market has closed around an interesting resistance zone. Even RSI indicator is showing some strength but price action needs to confirm.
Fibonacci Golden Ratio is also in sink with the resistance zone and on the contrary it took support on the weekly charts from the major trend Golden ratio.
There is a confusion as both the indices are showing some gap and they will pull each other.
If nifty keeps it rally and banknifty sustain and starts trading above the resistance zone, banknifty will reached new ATH.
In case banknifty face rejection from these levels and starts trading below the weekly 20 EMA, it will pull bank nifty.
There will be a double bottom probability around the support zone or a M pattern formaiton on the weekly charts.
This week need to close above 47300 levls to prove its bullish, else have to wait for another week on the positional trade.
If the market moves sideways, some good entries and exits can be taken from these zone.
Monthly candle close is still in between. Next week clear monthly view can be seen.
High probability of market deciding the trend is there in this week.
Positional trades from the next month expiry may be triggered this week as per the price action formation.
Jindal Steel & Power - 15 Yrs Breakout - Yes/No?
Monthly chart of Jindal Steel & Power shows high potential of a breakout from resistance level of 15 years. OBV shows massive accumulation in volumes with strong RSI levels.
Can be a very good BUY opportunity above 800 for potential gains in excess of 200% in long term and 50-60% in short term.
Mutual funds raised their stakes recently. Quarterly results are promising as well.