Multiyearbreakout
MTNL's Comeback Story: Innovation and GrowthRevitalizing MTNL: A Bright Future Ahead
Target: ₹200
Time frame: 3 years
Mahanagar Telephone Nigam Limited (MTNL), a Public Sector Undertaking (PSU), has faced significant challenges in recent years, leading to a decline in its business fortunes. However, despite being knocked out of the competitive telecom market, the company is poised for a resurgence.
Embracing New Frontiers
As the telecom landscape evolves, MTNL is gearing up to tap into emerging opportunities. The future holds immense promise, and the company is strategically repositioning itself to capitalize on newer forms of communication and technology.
5G: The Game-Changer
A key catalyst for MTNL's revival is the ongoing testing of 5G technology. With its potential to enable faster data speeds, lower latency, and greater connectivity, 5G is expected to revolutionize the telecom sector. MTNL's foray into 5G will enable it to offer cutting-edge services, bolstering its competitive edge.
Ambitious Targets
Three-Year Roadmap
Over the next three years, MTNL will concentrate on:
Enhancing its 5G capabilities to deliver high-speed, reliable connectivity
Developing innovative services and solutions to cater to emerging customer needs
Strengthening its network infrastructure to support growing demand
Fostering strategic partnerships to drive growth and expansion
With a clear vision and robust strategy in place, MTNL is poised to reclaim its position as a leading player in the Indian telecom sector. The future indeed looks bright for this PSU, as it embarks on a transformative journey to reclaim its glory.
JYOTISTRUC -Multiyear BreakOut- Wkly -Cup and HandleThe Jyoti Structures Ltd. (JYOTISTRUC) chart you provided indicates a cup and handle pattern. This is a bullish continuation pattern, often signaling further upward momentum after a period of consolidation. The setup on this weekly chart is as follows:
The cup portion shows a rounded bottom that has formed over a long period, spanning several years from 2015 to 2023, reflecting a reversal of the downtrend that began around 2015.
The handle portion represents the current consolidation phase after the stock attempted to break above the ₹32.53 level, which is acting as a resistance zone.
The breakout point for the cup and handle pattern is around ₹32.53. If the stock price closes above this resistance level with significant volume, it could confirm a breakout, leading to further gains.
The height of the cup (around ₹31.48) from its low suggests a potential target of doubling the price from the breakout point, which could push the stock towards the ₹60-65 range.
A sustained increase in trading volume further supports the bullish outlook, indicating growing investor interest.
However, a failed breakout or drop below the handle's lower support near ₹24.11 could invalidate the pattern and lead to a pullback. Keep an eye on the breakout confirmation before making decisions.
HUHTAMAKI - Multiyear breakout RetestHuhtamaki India Ltd recently broke a long-term resistance level around ₹360, followed by a consolidation phase just below ₹450.
The stock found strong support near ₹360- ₹370 before bouncing back and entering a sideways consolidation pattern.
There is a visible increase in rising volume, indicating a buildup of buying interest. A potential breakout above the ₹406 mark could lead to further upside.
The next target could be around ₹450-460, while the stop loss should be set around ₹385 to manage risk effectively during the ongoing consolidation.
NLCINDIA - Cup and handle pattern- Multiyear Breakout**NLC India Ltd** monthly price chart with a **cup and handle pattern** visible.
Here’s a breakdown of the analysis:
### 1. **Cup and Handle Pattern**
- **Cup Formation**: The rounded bottom starting from the high in 2007 to the low in around 2011 shows a long-term downtrend that eventually bottoms out. This cup pattern reflects a long period of accumulation after a major selloff.
- **Handle Formation**: After the cup formation, there is a consolidation phase that forms a handle. The recent price action shows a breakout from this handle.
- **Implication**: This is a bullish continuation pattern. The breakout above the handle indicates that the stock could experience a significant upward move.
### 2. **Breakout Confirmation**
- The price has broken out above the resistance at **₹257.50** and now continues towards the upper targets around ₹311.80 and ₹514.
- **Target**: A measured move for this pattern suggests a potential target based on the height of the cup, which aligns with the ₹311.80 level. A further target can be considered by doubling the breakout height is ₹514.
### 3. **Volume Spike**
- There’s a noticeable volume spike during the breakout, which confirms the strength of the upward move. The increasing volume signals strong interest and buying pressure, adding conviction to the bullish breakout.
### 4. **Support Levels**
- The key support levels are at **₹257.50**, which was previously a resistance point and could now act as a support in case of a pullback.
- The next significant support level is around **₹194** handle low.
### 5. **Conclusion**
- The chart is bullish with the cup and handle breakout backed by strong volume. If the breakout sustains, the next key resistance zone is around ₹311.80, and beyond that, there could be higher targets based on the long-term trend.
This setup is considered bullish, and further upward movement is expected if the breakout sustains.
RIIL - Multiyear - Breakout - Retest - MonthlyReliance Industrial Infrastructure Limited - RIIL
Here's an analysis of the key points highlighted in the chart: Monthly Chart
16-year high breakout: The stock has broken out of a multi-year consolidation pattern, indicating a significant bullish move.
Multi-year breakout and retest: The price broke above a key resistance level around 1135 INR and then retested this level, confirming it as new support.
Volume analysis: The chart notes "Good volumes while going up and low volume during pull backs." This is a bullish sign, as it indicates strong buying pressure during uptrends and weak selling pressure during corrections.
Price pattern: The stock has formed an upward sloping channel (marked by yellow lines), suggesting a steady uptrend.
Current price action: The stock is trading at 1384.90 INR, up 16.22% with a volume of 5.731M shares.
Historical price range: The chart shows a low of 162.25 INR and a high of 3175.00 INR over the period displayed.
Recent consolidation: After the breakout, the price has been consolidating in a tight range, potentially setting up for another move.
Overall, the chart presents a bullish long-term view of the stock, with the recent breakout and volume characteristics supporting the potential for further upside. However, as with all technical analysis, it's important to combine this with fundamental research and be aware of potential risks.
Multiyear Rounding Bottom Breakout RetestingNSE:LUPIN is currently retesting Multiyear breakout, it can also form a cup and handle pattern if it comes down near accumulation and then breakouts on the upperside. 2140 Will Key level on the Upside to break, and 1720 - 1900 will be a good accumulation zone. Keep on Watch.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
IFCI - Multiyear Breakout - MonthlyIFCI - Multiyear Breakout - Monthly
Multi-Year Breakout: The chart indicates a multi-year breakout with strong volume, suggesting a potential long-term uptrend.
16yrs high Breakout: Neckline marking a 16yrs breakout, which could be a shorter-term confirmation of the trend.
Support Level: The low of the breakout candle is marked as a support level at 59, which can be a critical point to watch for potential pullbacks.
This setup looks promising for those interested in technical analysis and long-term investments.
IFCI, previously known as Industrial Finance Corporation of India, is an Indian Government owned non banking finance company established to cater to the long-term finance needs of the industrial sector.
IFCI Ltd. recently announced its Q1 results for the period ending June 30, 2024. Here are the key highlights:
Revenue: The company reported a revenue of ₹4,051.2 million, up from ₹3,243.6 million in the same quarter last year.
Net Loss: The net loss decreased to ₹1,082 million from ₹1,399.8 million year-over-year (YoY), marking a 24.64% improvement.
Earnings Per Share (EPS): The EPS for Q1 stands at ₹-0.44, a decrease of 4.34% YoY2.
Operating Income: Despite a 90.05% quarter-over-quarter (QoQ) decline, the operating income increased by 106.82% YoY.
SG&A Expenses: Selling, General & Administrative expenses saw a reduction of 29.44% QoQ and 8.04% YoY.
These results indicate that while IFCI has made significant annual progress, it faced challenges in the most recent quarter. The reduction in SG&A expenses suggests improved operational efficiency, but the decline in EPS highlights ongoing profitability challenges
MOREPENLAB - Multiyear Breakout -Cup and Handle - MonthlyMOREPENLAB - Cup and Handle pattern, which is a bullish continuation pattern indicating a potential upward trend. Here are some key points from the chart:
Cup and Handle Pattern: This pattern suggests that after a period of consolidation (the “cup”), there is a slight dip (the “handle”) before a potential breakout to higher prices.
Neckline: The neckline is marked at 74 will also act as stoploss.
Target Price: The potential target price is around 146, if the pattern completes successfully.
Volume: There is a significant increase in trading volume, highlighted by a large green bar. This often indicates strong buying interest and can support the bullish breakout.
Overall, the chart suggests a positive outlook if the price breaks above the neckline with strong volume support.
A multiyear breakout occurs when a stock or asset breaks out of a long-standing trading range, typically lasting several years. This breakout is significant because it often signals a major shift in market sentiment and can lead to substantial price movements. Here are some key points:
Long-Term Resistance: The asset breaks above a resistance level that has held for several years.
Volume: A multiyear breakout is often accompanied by a significant increase in trading volume, indicating strong investor interest.
Technical Indicators: Various technical indicators, such as moving averages, RSI, and MACD, can help confirm the breakout.
“21 yrs Multiyear breakout with good volume” suggests that the asset has broken out of a trading range that lasted for 21 years, supported by strong trading volume. This is a bullish signal indicating potential for further price appreciation.
Fundamental Factors: Sometimes, fundamental changes in the company’s business, industry, or broader economy can drive a multiyear breakout.
HINDUSTAN ZINC POSSIBLE ELLOIT WAVE COUNTSHINDUSTAN ZINC LTD after so many year of consolidation have shown huge volume and workout from 300 to almost 900 there after it come to retracement in range of 480 to 500.
Breakout with huge volume and future prospects and vision of company it may reach target's as shown in chart analysis.
BEPL - 15% upside potential - Multiyear BO Setup!Price Analysis & Overview:
1. Good volumes
2. Strong Breakout and Retest done
3. Good candle formations.
Trade Plan:
Entry = 160
SL = 10-12%
TP = 20-25%
- Stay tuned for further insights, updates and trade safely!
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Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. I share whatever I do. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
HMT is it going to be a Multiyear Breakout HMT Ltd The company is engaged in the manufacturing of Food Processing Machineries etc.
After 14 Yrs of Consolidation, at breakout level. Only concern is lower circuit and upper circuit.
Cmp 93.18.
The company has shown a poor profit growth of -69.48% for the Past 3 years.
Company has a poor ROE of 6.14% over the past 3 years.
Company has a poor ROCE of 3.47% over the past 3 years
Other Income was 2735 Mar 2024 which bring Net profit in profit.
This information is NOT a recommendation to buy or sell
PPLPHARMAIMPORTANT POINTS
1. RSI - 60 CROSSED ON MONTHLY CHART
2. CUP BREAKOUT OVER ONE YEAR
3. SECTOR BREAKOUT
4. Trading at 35.2% below our estimate of its fair value
FUNDAMENTALS
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
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