BANKNIFTY forming FLAG-POLE pattern!!?As we can see BANKNIFTY had been sideways as analysed in our previous post but can be seen in more like flag pole pattern in bigger TF which is a sign of bullish continuation pattern hence any closing above our zone could show new ATH so plan your trades accordingly.
Multiple Time Frame Analysis
54000 levels needs to be broken for new ATH !!Following our analysis. BANKNIFTY rallied over 2000++ points from our demand zone and finally reached resistance which we had previously analysed being a gap acting as important resistance hence as long as BANKNIFTY maintains itself below 54000 levels we can see BANKNIFTY being negative to volatile till it finally breaks above 54000 levels and sustains itself for new ATH so plan your trades accordingly and keep watching.
19 years breakout in INDIAN CARDS CLOTHINGAfter showing 24.13 Cr. of sales and 12.51% of quarterly net profit, there have been multiple ups and downs in the Indian Card Clothing stock prices in the past few weeks. For example, Indian Card Clothing stock price on 29th of November 2024 was around Rs. 265.7. Indian Card Clothing share price now stands at an average of Rs. 300.10. Judging by last week's performance, stock is in up trend.
he Indian Card Clothing Company Ltd., incorporated in the year 1955, is a Small Cap company (having a market cap of Rs 178.29 Crore) operating in Engineering sector.
The Indian Card Clothing Company Ltd. key Products/Revenue Segments include Flexible And Metallic Card Clothing - Sets, Other Operating Revenue and Sale of services for the year ending 31-Mar-2024.
EXACT rejection from our RESISTANCE.. what’s next? As we can see BANKNIFTY showed exact rejection from our given zone as we had been analysing in last few posts as the gap could potentially act as a good RESISTANCE. As of now BANKNIFTY has shown over 2000++ points move in spot chart and hence we can expect some breather here before acclaiming new ATH so one can book partial profits here.
And the UPMOVE continues !Following the breakout, we saw more like a unidirectional move from our zone showing strength as expected. Now following the charts, we can expect BANKNIFTY to continue its bull run till 53800 which a gap exists which could potentially act as a RESISTANCE so plan your trades accordingly.
Adani Gas Retraced long swing Hello everyone,
Adani total gas jump from bottom 575 to 860 now trading at 745 retrace 38% with volume drop indicates sellers dont have strength RSI also adjusted from overbought to now near 40 ema 50 support is there good long set up for trend fibbo extension 0.61% i.e 920++
BTC Short setup for 04-12-2024 Looking for the short setup from two point of zone.
First zone is at 97k and second one is at 97800 levels as marked in chart.
BTC seems changing the direction for the shortterm correction till 87-85k levels.
Entries would be identified after finding the reversal setup as mentioned in the chart.
Trade with right risk and reward.
This is shared only for the educational purpose.
STRONG closing shown by BANKNIFTY If managed to sustain above our zone then 1000 upmove can be seen in coming days before finally getting rejected from the gap which could potentially act as a RESISTANCE, till then BANKNIFTY has over 1000++ points to move so plan your trades accordingly and keep watching
DIVGIITTSHello Everyone I hope you all will be doing well in your life and your investing as well. Here I have brought a stock that is mostly ready to give Breakout. Divgi TorqTransfer Systems is the name of the stock. CMP is 653. Its IPO price was 590. And it's near that price. Mostly it will not be that 590—IPO price, 580 must be a strong support. Once it gives a breakout above 670, ready to go long. Target as per fibonacci.
About
Incorporated in 1964, Divgi Torqtransfer
System Ltd manufactures Auto Components
and Parts
Key Points
Business Overview:
Divgi TTS is India’s largest EV Transmission manufacturer. It provides solutions for Manual Transmission and Automatic Transmission. The company specializes in crafting drivetrain systems and related components for a diverse array of vehicles, spanning passenger cars, utility vehicles, commercial vehicles, and agri-
cultural machinery.
Product Categories:
a) 4WD
b) MT and synchronisers
c) EV Powertrain
d) Automatic Transmission
Product Profile:
a) 4WD Transfer case
b) Precision Grinding and Honing operation for transmission components
c) Components
d) Synchronizers
e) EV Assembly
f) Transfer Case Export Components
g) Manual Transmission
h) Automatic /Dual Clutch Transmission Components
h) RWD Applications
Production Facilities:
The company has 4 manufacturing units in Maharashtra and Karnataka, with an installed capacity in terms of pieces per year:
Transfer Case-ESOF ~30,000
Transfer Case- Mech ~30,000
TM Coupler-Nextrac ~23,100
Synchronizers Assembly ~504,000
Synchronizers Assembly ~14,58,600
Torq Transfer System ~168,000
Components Gears ~588,000
EV Transmission ~100,000
Clientele:
Tata, Mahindra, Toyota Kirloskar, Borg Warner, Force Motors, Ashok Leyland
Export Countries:
USA, Mexico, UK, Portugal, Germany, China, Korea, and Thailand
This is just to boost my confidence. No Suggestions for buying.
Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
IGARSHI - Breakout from the resistanceIGARSHI has shown a promising breakout above the resistance level, signalling potential bullish momentum. However, to confirm the breakout’s strength, it’s crucial to wait for the weekly candle to close above the resistance.
Once confirmed, it could be a solid entry point and expected to move at least 40%
BANKNIFTY has gap to fill..!As we can see a massive gap which is yet to be filled hence despite the break of zones, we might see this gap to be filled before continuing its rally. As of now following the Indian GDP news, we can expect a weaker opening which could also lead to gap covering and any short covering from that area could lead to continuations of bull run so plan your trades accordingly.
Tata Motors Intraday Ideas for December first wek 2024hi! this is Kapil,
Traders know the Secret of intraday trading in Tata Motors.
One candle close above with volume will result into targets
of both sides in Tata motors in 2024 Dec first week.
Disclaimer - Before making any actual investment or trading decisions, it is strongly recommended that you consult a qualified broker or financial advisor.
Reliance Industries Dragon Fly Doji in Weekly chart at SupportHi this is Kapil,
Reliance Industries took support at 1257 on weekly and monthly support area, Made Dragon Fly Doji on weekly chart as well
Bulls can be seen pulling the price back above the support level of 1237.
after 43% upside swing in one year from oct 2023 to oct 2024 the stock looks in minor consolidation period
to a possible reversal we can plan adding reliance in our portfolio with annual returns of 25-20% for 2025 year.
Next support below 1200 is at 1004. So add near here and @1015
Near term targets are 1405 and 1569 in 2025-2026.
Special Note- Reliance will actually be used as index management tool so every hourly oversold portion can be seen
as possible reversal for intraday basis.
Consult your Financial advisor before making any decisions
TRAPPED..? BANKNIFTY couldn’t sustain or hold itself above our given levels leading to big fall and we had discussed about it before as it can show multiple fakeouts before finally breaking out so we have to wait for candle to close above the given range for trend confirmation so plan your trades accordingly and keep watching.