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
Momentumstrategy
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
GMBREW - 2.5 Months Consolidation Breakout - All Time HighG M Breweries Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (July, 2024). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in Daily Time Frame.
3) The stock may find it's next resistance around the price (1155 - 17% from the price 986.30).
4) Recommendation - Strong Buy.
bandhan bank a consolidation under breakout will it succeed ?Bandhan Bank Ltd. is an interesting chart to keep on radar
1. Price formed base in its 6 month long consolidation
2. BAT pattern under formation on weekly chart
3. Narrowing Bollinger Bands on daily and weekly chart
4. Price getting ready to breakout of its consolidation and walk on upper Bollinger bands on daily chart
5. Minor resistance near 208-210 zone
Will it breakout and reach point 'D' ?
or
Will it 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.
VEDL : A CONSOLIDATION WILL IT BREAKOUT OR WILL IT FIZZLE OUTVedanta Ltd. an interesting consolidation to keep on radar
1. RSI on all time frames (Daily, Weekly, Monthly) above 60
2. Narrowing Bollinger Bands on Weekly charts
3. ABCD Pattern under formation in weekly chart
4. Major 20 Day / week SMA support at 425-440 zone
A Breakout in making will it succeed or will it fizzle out
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**
VERANDA Giving a Good BreakotVeranda Learning Solutions Ltd. engages in the sale of comprehensive learning programs. It offers training programs in test preparation for all competitive exams in India and abroad. The company was founded on November 21, 2018 and is headquartered in Chennai, India.
Keep Stoploss at 278 and I'm for a first target of 10% and the Trail it with 10 or 20 EMA...
PRAKASH INDUSTRIES -A BREAKOUT : WILL IT SUSTAIN OR FIZZLE OUT ?Prakash Industries Ltd. is an interesting chart with following
1. Price Breakout from last 10 month's Consolidation
2. RSI on all time frames above 60
3. Narrowing Bollinger Bands with price walking on upper Bollinger Band
4. Price Rise with huge Volume bars
5. Major Support near 170- 192 zone
A stock to keep on Radar ; A breakout will it Sustain or fizzle out
CAUTION : RSI Negative Divergence visible on charts
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 buy on dips with my own Risk Reward matrix.
VBL-An ATH breakout in super bullish FMCG stock VBL has been a consistent outperformer among FMCG stock in this bull run.
As we can clearly see, stock is forming a beautiful staircase pattern(continuous flag pole) during the uptrend.
Stock has given breakout in closing basis of ATH. A good stock for quick momentum traders.
Not a recommendation.
If interested, do check the chart of RVNL which has shown a similar staircase pattern in past.