#HITECH Breakout Retest and Volume ConfirmationTechnical Analysis:
HITECH has been exhibiting a strong uptrend on both the daily and weekly timeframes.
Recent breakout followed by a retest of the breakout level, which is a bullish sign indicating
potential continuation of the uptrend.
The retest of the breakout level occurred with declining volume, suggesting weakening
selling pressure.
Today's price action shows signs of renewed buying interest as it attempts to move higher
after breaking the previous high.
Notable aspect: The test of support occurred with very low volume, indicating lack of selling
interest and potential accumulation by bulls.
Disclaimer: This is not financial advice. Trading involves risk, and it's essential to conduct thorough research and analysis before making any trading decisions.
Longterm
Sweetness is about to get even sweeter with this sugar stockHello Traders and investors,
All sugar sector is in limelight since few years, but this stock has performed with an average in rally. But it seems consolidation has been over now and this is now ready to fly in blue sky. In this week volumes are high for delivery, it seems smart money has taken entry and i am expecting this rally should exceed from here. And guy's this is one of the very old company in India. EID Parry is engaged in Sugar, Nutraceuticals and ethanol production. It also has a significant presence in the Farm Inputs business including Bio pesticides through its subsidiary, Coromandel International Limited.
Market Cap
₹ 9,535 Cr.
Current Price
₹ 537
High / Low
₹ 628 / 433
Stock P/E
9.62
Book Value
₹ 375
Dividend Yield
1.77 %
ROCE
27.4 %
ROE
16.2 %
Face Value
₹ 1.00
Debt
₹ 878 Cr.
EPS
₹ 55.8
PEG Ratio
0.35
Promoter holding
44.5 %
Intrinsic Value
₹ 836
Pledged percentage
0.03 %
EVEBITDA
2.23
Change in Prom Hold
0.00 %
Profit Var 5Yrs
27.2 %
Sales growth 5Years
18.0 %
Return over 5years
19.8 %
PROS
Company has reduced debt.
Company has delivered good profit growth of 27.2% CAGR over last 5 years.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Dr Reddy is Ready for Big rally The Doctor is Ready ( Dr Reddy )
Based on Monthly chart with the Parabolic Upside trend ( Purely based on my New STUDY ) ,
Dr Reddy is Ready for the rally.
Tgt 1 : 8412 - 8568±
Tgt 2 : 8823±
Tgt 3 : 9825 - 9952±.
Shared it for EDUCATIONAL/ REFERENCE PURPOSE ONLY.
IT'S NOT A BUY OR SELL RECOMMENDATION.
DO YOUR ANALYSIS FROM YOUR SIDE ALSO.
Don't get biased by my view. I may be wrong too 🙏
ATULATUL
First of time , my technical knowledge that good support on chart price and technical analysis the stock will definitely reach the given targets in few days and hope that our expectations will be fulfilled.
holdings :-)))
a) Promoters 45%
b)FIIs & DIIs 35%
c) Public 20 %
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Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏
HDFC : Key Buying Signals RevealedHDFC seems to have established a support zone around 1370 since November 20th. Whenever the market reaches this level, there tends to be an uptrend. My strategy is to consider buying when it reaches this level, as it could be a good opportunity for accumulation. If it breaks the support at 1290, I'll consider buying there as well.
Flag breakout in InfyIT stocks are looking quite bullish.
Infosys was consolidating in a flag pattern whose breakout was given last week.
A very good stock to buy for long term at an amazing price.
From trading perspective, 1300 is a SL with targets of 1700, and then ATH levels.
It is an FNO stock so big intraday moves shouldn't be expected.
Idea sahared for educational purposes
TATA CONSUMER PRODUCTS TRADING IDEAAs we can see stock gives a breakout with a heavy volume
stock retrace till 850. it can go upward direction furthermore
Month and Week TF triple bottom
Day chart breakout and retracement completed
educational purpose only!✨
Do your research before making any investment🥂
INFIBEAM - 5 years Consolidation BreakoutINFIBEAM
1) Time Frame - Monthly.
2) The Stock has been in a consolidation zone / Downtrend since 2018 and has given a breakout & Closed with strong bullish momentum & Huge volume in monthly time frame.
3) INFIBEAM may reach its previous Life Time High (50.50) in the Long Term.
4) Recommendation - Strong Buy
BRNL / Bharat Road Network - Pre Covid High / Consolidation B/OBRNL
1) Time Frame - Monthly.
2) The Stock has been consolidating since January, 2020 and has given a pre covid high breakout & Closed with strong bullish momentum & Huge volume in monthly time frame.
3) BRNL may reach its previous Life Time High in the Long Term.
4) Recommendation - Strong Buy
DVL / Dhunseri Ventures Ltd - 2.5 Years Consolidation Breakout.DVL
1) Time Frame - Monthly.
2) The Stock has been consolidating since August, 2021 and has given a breakout with strong bullish momentum & Huge volume.
3) The stock will find resistance / profit booking zone around the price (940) in long term.
4) Recommendation - Strong Buy
ZUARI / Zuari Agro Chemicals Ltd - 5 Years High BreakoutZUARI / Zuari Agro Chemicals Ltd
1) Time Frame - Monthly.
2) The Stock has been consolidating since April, 2019 and has given a breakout with strong bullish momentum & Huge volume.
3) The stock may reach its previous Life Time High (690) in the long term.
4) Recommendation - Strong Buy
Tech Mahindra price movement analysis on weekly timeframeTech Mahindra is making a really interesting and clear price action.
1. 2022 to mid 2022 - Lower high lower lows
2. mid 2022 to mid 2023 - yearlong box consolidation
3. Fakeout in July 2023
4. Real breakout in August 2023
5. Retest in November 2023
6. presently in higher high and higher low.
If you are interested in investing(long term) in IT sector, this stock should be the one in your portfolio, Invest in parts as the price consolidates and retraces.
Swing traders should ride this stock by using 20-50 EMAs
Investors or positional traders use 50-100-200 EMAs.
Stop loss @ 1200/-
Nifty PredictionA small pullback is expected from the current price and the level around 20,000 will serve as a pivotal support during this pullback phase. This corrective movement is projected to extend until May, coinciding with the declaration of the Lok Sabha election results. The outcome of these elections may potentially act as a catalyst, triggering a breakout and heralding the inception of a promising new bull market.