Shriram finance Price Action.Shriram finance is form inverse Head & shoulder pattern. It can long from here if come near 1650 add more. Target would be 2700.
Necklinetrader
HINDCOMPOS - INVERSE H&S, THEN CONSOLIDATION AND BREAKOUTHi All,
This idea is about Hindustan Composites Ltd
Certified developer, manufacturer & marketer of Friction Materials in India comprising Brake Lining, Clutch Facing, Disc Brake Pad, Roll Lining, Brake Block, etc. Company is also engaged in the treasury business.
Clientele
Ashok Leyland, Maharashtra State Road Transport Corporation, Eastern Railway and Southern Railway, etc. HCL is also a Tier 2 supplier of brake lining for Toyota, TATA
Technical
Price Action formed an inverse Head and Shoulder but after the formation of right shoulder could not break the neckline, instead went into consolidation.
Eventually the price broke out of the darvas box ending the consolidation and have reached the initial neckline of Inverse H&S.
If neckline is broken, it could lead to a substantial rally
Fundamentals
Market Cap
₹ 905 Cr.
Current Price
₹ 613
High / Low
₹ 650 / 347
Stock P/E
26.3
Book Value
₹ 669
Dividend Yield
0.33 %
ROCE
4.46 %
ROE
3.60 %
Face Value
₹ 5.00
Equity capital
₹ 7.38 Cr.
No. Eq. Shares
1.48
EPS
₹ 23.3
Promoter holding
75.0 %
Change in Prom Hold
0.00 %
Chg in Prom Hold 3Yr
0.00 %
Pledged percentage
0.00 %
Market Cap to Sales
3.04
Sales growth
5.30 %
PEG Ratio
2.10
EVEBITDA
17.3
Quick ratio
1.95
Trade receivables
₹ 37.3 Cr.
Sales
₹ 298 Cr.
Debt to equity
0.00
Price to book value
0.92
Free Cash Flow
₹ 3.92 Cr.
CMP / FCF
91.1
Happy Trading
Thanks,
Stock-n-Shine
BITCOIN FALLING STARTED AFTER NECKLINE BREAKOUT A good falling detected on bitcoin
It's showing a fall due to these reason
1. It's following a heavy sellers pressure over here in daly chat
2. It's ready to break the neckline
3. After a good. Move refreshment will occur
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
Follow for more
A good falling detected on bitcoin
It's showing a fall due to these reason
1. It's following a heavy sellers pressure over here in daly chat
2. It's ready to break the neckline
3. After a good. Move refreshment will occur
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
Follow for more
ECLERX - SWING TRADE - 14th January #stocksECLERX (1D TF) - Swing Trade Analysis given on 14th Jan, 2024
Pattern: ASCENDING TRIANGLE
- Volume Spike at Resistance - Done ✓
- Breakout - In Progress
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #eclerx
BIOCON - SWING TRADE - 12th January #stocksBIOCON (1W TF) - Swing Trade Analysis given on 12th Jan, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Breakout & Retest - Done ✓
- Volume Spike at Resistance - Done ✓
- Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #biocon
Cup & Handle Pattern Breakout Seen in Guar GumHello Guy's, i have brought analysis for Commodity lovers on Guar Gum. Chart is clearly showing a Cup and Handle breakout on daily timeframe and it is supported by rising volume. MACD is sustaining above zero line and has formed a bullish crossover. All these observations are seen in the daily timeframe chart. A long trade can be taken in this Guar Gum for healthy upside. Well i have written everything on chart, but still writing here.
Important levels in Guar Gum:-
Buy between in the range of 13300-13000 levels.
Targets we can see in upside 14078/15166/15836.
Keep stop loss at 12538.
Bullish Crossover in MACD supports the bullish view.
So, Guy's according to Price action and MACD bullish crossover, a rally is expected towards 15000+ levels. So trade accordingly.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Double Top: India GlycolsNSE:INDIAGLYCO is forming the Double Top pattern. Pattern will be completed after the neckline breakout.
Will the pattern complete, or will there be failure?
RIL - can go longbreaking the resistance line - expecting RIL to go up from current level
target and stop based on comfort
personally, would wait for neckline break to enter
2540 level to watch here
patter formation - cup formation
disclaimer - trade @ own risk
going long seeing neckline breakout in the script
going long ....keeping stop and target as per risk appetite
enter at current level
option trade - 7700 or 7800 can be taken @ cmp
lets c how it performes
formations - double top breakout
rsi divergence
cup and handle neckline breakout
disclaimer - for study purpose only
Rail Time - book your ticketsmove beyond 2132
next level to watch 2170+
keeping stop 2052 for both fresh entry n open positions
disclaimer - trade @ own risk
Federal Bank "Uddega" Swing Trade || Daily Time Frame Hi guys,
I have been following this stock for quite some time and found this perfect opportunity where the Swing RR is more than 1.7 ! Manage your risk more than managing your profits.
Comment and Like if you like the setup & have a suggestion for the next company which you want me to analyse.
Regards,
Retail Investor (Abhishek)
BHARATFORG - REVERSE H&S FORMATIONStock has formed reverse head and shoulder pattern and also resistance has been broken .
good volumes are there .
a new journey starts for the stock
long side look for targets
3130 > 3160 > 3200 (stop 3030-20)
or
enter 3100 ce btw 65-67(stop 50)
disclaimer - trade @ own risk
on radar - for next week trading traingle breakout
cup n handle breakout
price restest @ traingle neckline
weekly close now above this neckline - open fresh entry
keep this stock @ weekly stock radar
BUY
resistance line break based buy
above 355-54
range narrowing - ascending triangle
2 rounding patterns
disclaimer - trade @ own risk
Itc stock inverted head and shoulder If sustain above 235, then it will breach 250 soon !
Possible target
1) 250
2) 279
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
fresh buy or add quantity heretrade based on >>>
cup & handle neckline break
buy near 1290-94
for targets - 1305, 1314, 1325
stop 1275
deeper stop 1262
note :- since risk:reward not that favorable - so trade with caution
below attached previous infy chart for reference
disclaimer - for study purpose
positional buypositional buy towards level 500 keeping 480-85 as stop
based on triangle and resistance neck line breakout
disclaimer - personal view
TECHM Short Head and shoulderTechM Head and shoulder pattern spotted on 2 hour chart.
Short at cmp 984 or below
Neckline is 988
First Target 943
Second Target 900 (Ideally should be achieved within 6 days)
Good breakout for Head and shoulder with RSI below 40 now and recent MACD sell signal ,best time to short!!!
ADANIPORTS | BREAKOUT | ACCUMALATE EVERYTHING ABOVE 400!!!Stock has given clear inverse head and shoulders pattern breakout over the levels of 400 on the weekly charts and has confirmed it with the following bullish candles. Stock can definitely be accumulated for a good long position on the lower levels with the stop-loss of 400 for the targets of 600.
