VOLTAS a Flag under formation will it breakout ?
NSE:VOLTAS Ltd. is an interesting chart to keep on radar with following
1. RSI on all time frames above or almost at 60
2. Flag Pattern under formation at weekly chart
3. Price earlier was forming lower highs and lower lows; However after 16th December it started forming higher high and higher lows
4. ABCD pattern under formation on weekly chart
5. Weekly green candle on close of week with higher volume
6. Consumer Durable index is also forming similar bullish structure on charts
Will it breakout or continue its consolidation ?
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
Momentumstrategy
02 Jan 25 - Direct stance change from bearish to bullish---
Nifty Stance Bullish ⬆
In the last post mortem report, I did indicate the change of stance if Nifty goes above 24177. Nifty has a close of 24188 (weighted average) and 24167 (traded value) - so I cannot say with a 100% guarantee if we got a real close above 24177 or not. The 445 pts ~ 1.88% move today gives nifty a direct stance change from bearish to bullish (no neutral stance).
We are up 409pts ~ 1.72% of which 445pts came today, which also means that the stance was bearish till the 2nd of Jan 2025. What happened today is beyond comprehension, I am almost sure that none of the traders were ready for the move like this.
Nifty has moved 728pts intra week of which 445pts came today.
The USDINR chart is also relevant here, especially the mega move once we got a governor change. I think this is an inflection point and a weakening rupee (no firefighting by the RBI) is good for inflows.
Returning to the Nifty report, a fall below 23931 will shift my stance back to bearish so it is pretty important that Nifty holds the level today. If we continue to go up the crucial resistance levels would be 24348 and 24547. I hope we do not go above 24650 for the current expiry.
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The change in regulations is hitting professional traders more than the entry level retail ones. SEBI's new set of rules was implemented to turn off the small traders and since most of them do the options buying, the impact is not that much. The professional traders on the other hand are really going crazy as the new margin requirements are not at all helping.
When you take out the professional traders from the equation, they would prefer to trade on forex, crypto or the US options than the Indian counterpart. It is just a matter of time before we see the intellectual migration to the mother market. The whine and the roar on X is proof that influencers have started talking about alternate trading options. Personally, I feel if most of them get access to a stable market - they would not hesitate to migrate.
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JUBLFOOD an interesting ABCD pattern under formation Jubilant FoodWorks Ltd. is an interesting stock with following :
1. RSI on all time frames DWM above 60
2. Big anchor Green Candle on daily chart with high volume at weekly close
3. ABCD Pattern under formation on weekly chart
4. Major cluster of supports as under:
20 SMA (daily) 634
50 EMA (daily) 629
20 SMA (Weekly) 634
200 SMA (daily) 584
Lets See How it progresses from here further
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
Entry at SupportThis trade is based on Exponential Moving Average (9 &15) considered in the Weekly Time Frame.
A trade can start at the current level (Entry between 795 to 780). Maximum risk to be considered is 5% to 6%. However a strong Candle closing below 740 level will indicate EXIT from the trade.
The stock can show upward movement as below:
1) 1st Target is 20% from current level
2) 2nd Target is 30% from current level
3) 4th Target is 50% from current level .
**All targets to be observed in Weekly time frame**
Chambal Fertiliser a 6 month consolidation will it breakout ?Chambal Fertilisers and Chemicals Ltd. is another interesting chart to keep on radar with following
1. RSI on all time frames (DWM) is at or above 60
2. Narrowing Bollinger Bands on daily chart with price walking on upper band
3. ABCD pattern under formation on weekly chart with fib-extension targets of 639-694
4. 6 month long consolidation on daily chart within channel of 440-530 zone
5. Major Supports are as under:
20 SMA (weekly) 491
20 SMA (Daily) 478
50 EMA (Daily) 483
With cluster of supports in area of 478-492 lets see if it breaks out of its consolidation or continues its consolidation
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
Shift from Downtrend to Sideways – Will It Hold or Reverse?Looks like NIFTY and Bank Nifty have entered a sideways zone,
Nifty Range
Upper / Resistance : 24500
Lower / Support : 23900-23800
Bank Nifty Range
Upper / Resistance : 52350
Lower / Support : 51150
#Nifty #BankNifty #Sideways #Patterns #Trend #change
Ajanta Soya LtdAjanta Soya Ltd
ASL manufactures Vanaspati and cooking oil with applications in Speciality Fats like biscuits, puffs, pastries, etc. It also offers its products as food ingredients to food manufacturers and food service industry
Fundamentals:
Market Cap ₹ 388 Cr. Current Price ₹ 48.2
ROCE 5.68 % ROE 1.88 %
Debt to equity 0.00 Promoter holding 47.3 %
Piotroski score 7.00 Profit Var 3Yrs -54.0 %
Sales growth 3Years 3.15 %
Technicals:
RSI enter in momentum zone
with huge volume.as well as price action in positive trend.
keep in radar.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
International Conveyors LtdInternational Conveyors Ltd
Incorporated in 1973, International Conveyors Limited (ICL) is engaged in the manufacturing and marketing of solid woven PVC covered conveyor belts. These belts are fire retardant, antistatic and are mainly used in underground mines for transportation of minerals such as Coal & Potash .
FUNDAMENALS:
Market Cap₹ 651 Cr. Current Price₹ 103
ROCE 23.8 % ROE23.8 %
Debt to equity0.46 EPS₹ 12.6
Promoter holding 68.6 %
Quick ratio 0.90 Current ratio1.08
Profit Var 3Yrs 51.7 % Sales growth 3Years-7.51 %
TECHNICALS:
RSI POSITIVE AND ENTER IN MOMENTUM ZONE.
LONG TERM BULLISH PATTERN
Neogen Chemicals LtdNeogen Chemicals Ltd
Neogen Chemicals Ltd, incorporated in 1991, manufactures bromine and lithium-based organic and organo-metallic compounds, used in the pharmaceutical, agricultural chemicals, and engineering industries.
Market Cap₹ 6,166 Cr. Current Price ₹ 2,337
ROCE9.38 % ROE5.74 %
Profit Var 3Yrs4.40 % Sales growth 3Years27.1 %
GREAT COMPANY WITH STRONG FUNDAMENTAS.
Aarti Surfactants LtdAarti Surfactants Ltd
Incorporated in 2018, Aarti Surfactants
Ltd is in the business of Home and personal care ingredients
Fundamentals:
Market Cap₹ 719 Cr. Current Price₹ 850
ROCE14.8 % ROE11.5 %
Profit Var 3Yrs0.96 % Sales growth 3Years8.19 %
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
Cartrade Tech Ltd | momentum stockCartrade Tech Ltd
CarTrade Tech Ltd is a multi-channel auto platform provider company with coverage and presence across vehicle types and Value Added Services. The company operates various brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz.
fundamentals :great
Market Cap₹ 4,707 Cr. Current Price₹ 995
ROCE 4.20 % ROE 0.42 %
Debt to equity 0.05
Profit Var 3Yrs -54.6 % Sales growth 3Years 25.2 %
great momentum achieve recently . keep eye on chart.
debt free company. every quarter FII AND DII increase hold.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
Campus Activewear LtdCampus Activewear Ltd
was incorporated on September 24, 2008, and is one of India’s largest sports and athleisure footwear brands in terms of value and volume. The company manufactures and distributes a variety of footwear like Running Shoes, Walking Shoes, Casual Shoes, Floaters, Slippers, Flip Flops, and Sandals, available in multiple colors, styles, and at affordable prices.
FUNDAMENTALS :GREAT .NOW VALUATION IS ALSO RESONABLE.
Market Cap₹ 10,913 Cr. Current Price₹ 357
ROCE 16.7 % ROE14.9 %
Profit Var 3Yrs 49.5 % Sales growth 3Years26.8 % Promoter holding 73.9 %
as per chart reading there is huge volume came in this month and momentum also in positive zone.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
CREST - 8 Months Consolidation Breakout - All Time HighCrest Ventures Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (February, 2024). Now, It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in Weekly Time Frame.
3) The stock may find it's next resistance around the price (790 - 34.25% from the current price 588.45).
4) Recommendation - Strong Buy.
UMAEXPORTS Giving a Strong BreakoutUMAEXPORTS Giving a Strong Breakout
About:
Uma Exports Ltd. engages in the marketing and sale of agricultural produce and commodities. Its products include sugar, spices like dry red chilies; turmeric; coriander; cumin seeds; food grains like rice, wheat, corn, sorghum and tea; pulses; and agricultural feed like soy bean meal, and rice bran de-oiled cake. The company was founded on March 9, 1988 and is headquartered in Kolkata, India.
Stoploss - Below the BO Candle
Target - Exit half at 10 - 15% and Trail the Remaining