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ASIAN PAINT NSE By KRS ChartsDate: 11th July 2024 Time: 9:00 PM Why ASIAN PAINT? 1. Stock is Extremely Bullish when it comes to overall view from the beginning. But from Sep 2021 , its range-bound between 2650 to 3550 Rs. 2. Here Range Bound movement creating Tringle Chart Pattern . Furthermore, that chart pattern's wave count ABCDE is finished with 2670 Rs low. 3. Also, Bullish Divergence in Monthly TF is clearly visible so when it comes to breakout, its likely to break upside resistance rather than downside support. So, We can Long ASIAN PAINT with SL of 2670 Rs . for Medium to Long Term.
NSE:ASIANPAINTLong
by KRSCharts
Breakout with huge Volume || This auto stock is ready to fly Hello everyone, i hope you all will be doing good in your trading and your life as well. I have brought an auto ancillary stock which has given a breakout with huge volume addition on chart, this type of structure usually supports breakout. MACD and RSI also giving bullish crossover, price is above 200-DEMA. All this indicating bullish moment in this stock. Market Position:- Company is India’s largest manufacturer and exporter of auto components and amongst the leading manufacturers of industrial components. It also manufactures critical components for wind, hydro and nuclear applications; provides critical components for defense and aerospace. Market Cap ₹ 66,996 Cr. Current Price ₹ 1,439 High / Low ₹ 1,474 / 753 Stock P/E 73.0 Book Value ₹ 154 Dividend Yield 0.50 % ROCE 13.3 % ROE 13.2 % Face Value ₹ 2.00 Industry PE 30.2 Debt ₹ 7,948 Cr. EPS ₹ 20.4 Promoter holding 45.2 % Intrinsic Value ₹ 329 Pledged percentage 0.00 % EVEBITDA 26.2 Change in Prom Hold 0.00 % Profit Var 5Yrs -2.05 % Sales growth 5Years 9.10 % Return over 5years 25.9 % Debt to equity 1.11 Net profit ₹ 910 Cr. ROE 5Yr 9.59 % Profit growth 101 % 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.
NSE:BHARATFORGLong
by TraderRahulPal
Shriram trans. arriving to its support zoneMany people ask me how to find a crucial support area now this it a perfect example of it , It is not an recommendation It is just an observation. If you see here the zone of 1250 to 1260 is a crucial support zone which is tested for more than four times. The overall trend of this stack looks sideways. This is a perfect scene if you find and trade a reversal trade at support zone. This is the way you should shortlist your stocks for playing reversals. In earlier Idea of this stock (Check Out in comments) I want to play a major consolidation breakout but now it is better to find a reversal setup. ( Remember I am not telling you to buy this share , as no buying setup is there It is just for those people who want me to explain how I shortlist a stock and make a view on it before finding any buy sell setup)
SEducation
by TRADEWITHFUN247
Cigniti Technologies Resistance Breakout with good VolumeCigniti Technologies making Higher Highs & Resistance Breakout with good Volume. We can go for Buying at Retracement levels for Swing Trade. TGT 1- 616 TGT 2- 680 -> Always Enter With good confirmation & Maintain proper Risk Reward. *******Knowledge Purpose only******** --->> Visit my Ideas Page for Daily Stock Analysis and check my previous stock analysis performance. I usually prefer Swing & Intraday Trades with Good Breakout confirmations and Best Risk Reward Stocks.
NSE:CIGNITITECLong
by Ravitejasreevatsav