For the past 12 months, the stock has been moving in a rising parallel channel. This moment rests at the lowest edge of the channel. If takes support and bounces back, there may be a bullish phase. Possible early targets may be 2600/2700. The setup fails if the price trades below 2340 ( below the channel). This is only for learning and sharing purposes, not a...
Good entry opportunity in Wheels India. Price is on the trend line, so risk-reward ratio is good. Can exit with 1:2 target also. SL can be extended upto 530.
Well Structured Chart. Expecting a range breakout. Swing Candidate.
It is clear from the setup that the price is at the lower edge of the rising parallel channel. If bounces back from these levels, there may be a bullish phase. Immediate support may be around 175. if sustains below 175, will be out of our setup. This illustration is only my view, not a trading advice in any form. Please conduct your research before taking any...
The companies fundamentals are strong, the price has taken a pause . The breakout is soon to happen be patient and attentive to enjoy the ride 😊. FOLLOW FOR MORE.
vcp characteristics -The Stock must be in stage 2 uptrend. -A period of price consolidation must take place in thebase. ... -Price volatility must contract through the base (from left to right). ... -Price must correct through a series of smaller contractions.
Market Cap 38,892 Cr. Stock P/E 41 Industry PE 33 Piotroski score 8 ROCE 31 % ROE 26 % Debt to equity 0.17 OPM 18 % EBIDT growth 3Years 38 % Promoter holding 31 % Persistent Systems provides software engineering and strategy services to help companies implement and modernize their businesses. It has its own software and frameworks with pre-built...
Range Consolidation on Lower volumes Flag & Pole Pattern Breakout Stop Loss at 45s Target of 45-50% upside from these Zones If the stock consolidates at these levels then right time to enter Volumes looks really good
Nippon liam ltd broken out from a beautiful triangle pattern Low risk trade Good setup for swing trading
TVSMOTORCO 1htf is at very good support Low risk trade Very small stoploss Might breakdown also so plan accordingly
MGL 1dtf stock is at good support Good for swing trading with low risk
Canara bank breakout from a beautiful triangle pattern Low risk trade
Rolex Rings is a leading manufacturer of forged and machined components, one of the top 5 forging companies in India and is also a Global supplier of hot rolled forged, machined bearing rings and automotive components for various segments of vehicles, Industrial Machinery, Wind Turbines and Railways. It derives nearly 54% of its revenue from bearing rings and 38%...
Travelling in a downward channel since Dec 2022 I'm expecting Nifty50 to take support from this zone. Currently from the support of the channel, i expect it to at least climb the halfway mark.
Stock is consolidating at a good price range. Any size of green candle can be considered as a trigger. It is indicating a good swing trade. Fundamentals wise ICICI bank has given a good Quarter and Quarter results. Low risk high reward stock.
Market Cap 1,284 Cr. Stock P/E 30.7 Industry PE 27.4 Dividend Yield 1.24 % ROCE 22.2 % ROE 16.6 % OPM 14.5 % Promoter holding 75.0 % Pledged percentage 0 % Free Cash Flow 14.4 Cr. EPS 65.5 vs 51.2 -...
The squeeze indicates tightness and volatility in a stock. In the example here of #krishana, a high compression squeeze was seen the day before the breakout. This is indicated by the yellow date in the squeeze indicator. If the squeeze is combined with the VCP pattern or the formation of higher lows prior to the breakout, the probability of success of the...
Buy 20% around 1460-1480, rest add in chunks 1400-1450. Most prefer area 1430-35. Closing basis Stoploss @1350. Targets has been marked. *Note- Only for educational purpose.