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Dabur India Stock at a Critical JunctureDabur India Ltd., a leading FMCG player, is showing an interesting technical setup on its weekly chart. Key Highlights: Strong Support: The stock has consistently respected a long-term ascending trendline since 2012. Triangle Pattern: A descending triangle is forming, signaling potential breakout or breakdown. Current Level: Trading at INR 507.50, near critical support at the trendline. Outlook: Bullish Case: A breakout above the triangle could target INR 680. Bearish Case: A breakdown below INR 480 may signal further downside.
NSE:DABURLong
by ayusharya_001
1
Centum Electronics Breakout. A 20% Up move possibility Pattern Analysis 1. Broadening Channel: • This pattern is characterized by higher highs and lower lows, forming a widening range. • It suggests increased volatility and indecision in the market. 2. Key Observations: • The stock price is nearing the upper resistance line of the broadening channel (~₹2300–₹2400 levels). • Historical data shows a strong rejection from this resistance zone. • Support lies near ₹1800 (the lower boundary of the channel). 3. Volume: • A breakout above the resistance line with significant volume could confirm an upward trend continuation. • A lack of volume near the resistance could result in a pullback or consolidation. 4. Risk-Reward: • If the stock breaks out, the potential upside could be near ₹3000 (as indicated in the projection). • However, failure to break the resistance might result in a decline to the lower support (~₹1800 or lower). Disclaimer- This is for educational purposes only. Please do your own research before investing.
NSE:CENTUMLong
by Trade_lyst
Jyoti CNC Automation: Strong Growth, Expensive Valuation AheadJyoti CNC Automation has seen significant growth, reflected in its market cap of ₹32,690 Cr. and a current price of ₹1,436, near its 52-week high of ₹1,463. The stock’s remarkable rise from a low of ₹368 highlights strong investor interest. Key profitability metrics such as ROCE at 21.2% and ROE at 20.8% indicate efficient capital utilization and strong returns for shareholders. However, the stock’s P/E ratio of 119 is notably high, suggesting an expensive valuation relative to earnings. Additionally, with a book value of ₹65.7, the stock trades at a significant premium, raising concerns about overvaluation. The absence of a dividend yield (0.00%) indicates the company is reinvesting profits for growth, making it appealing for growth-focused investors. Overall, while Jyoti CNC Automation demonstrates strong fundamentals and growth potential, the premium valuation demands caution, especially for risk-averse investors. Now talking about the Technical analysis of chart, we can observe that - Stock is trading above its 20 EMA and 50 EMA - Stock price has taken the liquidity above the previous weekly high price - We have 2 FVG that could act as a potential buy are for smart money - For buy our setup would be sweet as cake, we wait for any Fvg to be filled and a good bullish candle indicating strong participation. - We mostly trade on Engulfing candles, Morning stars & Pinbars Note this is for educational purpose only. Please do your own research before investing.
NSE:JYOTICNCLong
by Trade_lyst
Cummins India Ltd: Eyeing a Major BreakoutCummins India Ltd (NSE: CUMMINS) is signaling strong bullish momentum on the weekly chart with a falling wedge and bullish flag combination . Key Insights: Patterns: Falling wedge + bullish flag – strong continuation signals. Current Price: ₹3,671.00 (+1.98%). Breakout Zone: ₹3,750 (watch for a sustained move). Targets: ₹3,929 → ₹4,169 → ₹4,500 → ₹5,600+ (bullish flag projection). Support Levels: ₹3,422 and ₹3,251. A breakout above ₹3,750 with volume confirmation could push prices toward ₹5,600+, aligning with the bullish flag target.
NSE:CUMMINSINDLong
by ayusharya_001
Looking for Penny stocks to invest, have a look!! AIRAN LTDA glimpse of our analysis on AIRAN LTD chart on Daily Time frame. 1)We have price reacting to the weekly order block and Fvg and giving a good move upward with good volume indicating Smart money orders coming in. 2)Down charting on 1Day time frame, we were able to spot a Change in market structure. Shift of trend from bearish to bullish. 1WEEK TIME FRAME — BULLISH 1DAY TIMEFRAME — SHIFTED FROM BEARISH TO BULLISH We are waiting for price to react back from FVG or ORDER BLOCK and ride with the trend targeting T1, T2, T3 and weekly High as the final target. This is for educational purposes only. Please do your own research before investing.
NSE:AIRANLong
by Trade_lyst
3
Looking for Penny stocks to invest, have a look!! AIRAN LTDA glimpse of our analysis on AIRAN LTD chart on Daily Time frame. 1)We have price reacting to the weekly order block and Fvg and giving a good move upward with good volume indicating Smart money orders coming in. 2)Down charting on 1Day time frame, we were able to spot a Change in market structure. Shift of trend from bearish to bullish. 1WEEK TIME FRAME — BULLISH 1DAY TIMEFRAME — SHIFTED FROM BEARISH TO BULLISH We are waiting for price to react back from FVG or ORDER BLOCK and ride with the trend targeting T1, T2, T3 and weekly High as the final target. This is for educational purposes only. Please do your own research before investing.
NSE:AIRANLong
by Trade_lyst
2
SAKAR HEALTHCARE By KRS Charts13th September 2024 / 9:49 AM Why SAKAR❓ 1. First sign that attract me was SAKAR is in Bullish Trend making HHs and HLs since listed. ⬆️ 2. SAKAR is currently reacted to be bullish again from 100 EMA support in 1W TF. also in 1D TF 100 EMA is Just Underneath 👌 3. Fortunately, it reacted to be bullish within that 0.5 to 0.618 fibbo zone. ⚡ 4. Bullish Continues Divergence is also supporting SAKAR to be bullish. ✅ SL is Flexible, in 1W TF until closing below 100EMA line. Target so far I'm expecting is New All Time High point
NSE:SAKARLong
by KRSCharts
SARLAPOLY By KRS Charts27th Nov 2024 / 3:30 PM Why SARLAPOLY ❓ 1. Stock was Stuck under 80 Rs. Resistance since many Years and this year in May it broke the resistance and sustained above 80 Rs. 📈 2. Fundamentally Good company with less than 15 P/E. 💪 3. With Accumulations on Higher TFs SARLAPOLY is making Cup & Handle Pattern. ☕ 4. As we discuss it already Broke 80 Rs. Range and recently it retests too on same resistance this makes my conviction strong on this 💪 5. Today giving 15 % Upside move with Strong Volume is confirmed Entry. ✅ Target is expected 145 Rs in Medium to long Term With SL of 78 Rs 1W Closing basis.
NSE:SARLAPOLYLong
by KRSCharts
2
JSWENERGYReasons to consider going long on JSWENERGY 1. Bullish Reversal Patterns: • The green candle on horizontal support could signify a potential reversal. 2. 200-Day Moving Average as Support: • The 200-day moving average is a key long-term support level. A bounce from this level often attracts institutional interest and signals strength in the stock. 3. Relative Strength vs. Nifty: • Positive relative strength suggests that JSWENERGY is outperforming the broader market, making it a strong candidate for an uptrend continuation. 4. Sector Support: • Nifty Energy index taking support on its horizontal support increases the likelihood of a sector-wide bounce, which could positively impact JSWENERGY. Waiting for confirmation with a CHOCH (Change of Character) on the 1-hour timeframe is a solid approach. Here’s a structured plan based on that: 1. Wait for CHOCH on 1-Hour: The CHOCH would confirm a potential shift in market structure, signaling the beginning of bullish momentum. This adds more reliability to the trade setup. 2. Entry on Retest / FVG / IFVG: • Retest: After the CHOCH, a retest of the breakout zone could provide an optimal entry, ensuring the breakout holds. • Fair Value Gap (FVG): If an FVG appears within this structure, entering here could capture the shift in momentum at a lower-risk point. • Imbalance Fair Value Gap (IFVG): An entry on an IFVG could further refine your risk-to- reward ratio, especially if market liquidity fills these gaps.
NSE:JSWENERGYLong
by AryanDixit
1
Bajaj Auto Ltd.: Descending Wedge - Breakout or Breakdown?Bajaj Auto Ltd. is currently trading within a descending wedge pattern, indicating potential consolidation or a breakout scenario. Here’s the technical breakdown: Key Observations Descending Wedge: The price is narrowing, with lower highs and lows, signaling reduced selling momentum. Support Zone: ₹8,800–₹8,900 serves as a strong support level. A breakdown below this could lead to further downside. Resistance Levels: ₹9,262.90: Immediate resistance. ₹9,642.45 and ₹9,995.55: Higher levels to watch in case of a breakout. Trade Outlook Bullish View: A breakout above the wedge’s upper trendline signals upward momentum, targeting ₹9,262 and beyond. Bearish View: A breakdown below ₹8,800 could push the price to ₹8,600 or ₹8,400.
NSE:BAJAJ_AUTOLong
by ayusharya_001
TRENT Stock: Key Levels, Trends, and Trading StrategiesTrend Analysis Primary Uptrend: The stock has been following a strong upward channel, as shown by the blue trendlines. Over the past months, the price has consistently respected these trendlines, indicating strong investor confidence and sustained buying pressure. Current Channel Movement: The price is trading within a secondary ascending channel, showing shorter-term consolidation within the broader trend. This setup suggests that while the uptrend remains intact, the stock is in a phase of measured growth. Key Levels Support Levels: ₹6,688.75: A critical near-term support level, highlighted in red. This level aligns with the lower boundary of the short-term channel. ₹6,353.25: The major support level that the price must hold to sustain the broader uptrend. Resistance Levels: ₹7,081.15: A key resistance zone, which the stock has been testing recently. ₹7,234.70 and ₹7,445.10: Further resistances that could come into play if the stock breaks out above ₹7,081.15. ₹7,644.10: The ultimate resistance in the current setup, beyond which the stock could experience strong bullish momentum. Volume Analysis: A noticeable volume spike occurred during the last leg of the uptrend, signaling strong accumulation by investors. Current volume trends are more subdued, suggesting a period of consolidation, which often precedes a breakout. Key Observations Bullish Flag Formation: The stock is forming a bullish flag, a continuation pattern that often leads to further upside. A breakout above ₹7,081.15 could confirm this pattern. Potential Scenarios Bullish Case: If the stock breaks ₹7,081.15 with strong volume, it could rally toward ₹7,234.70 and eventually ₹7,644.10. Bearish Case: If the stock breaches ₹6,688.75, the next support at ₹6,353.25 will be crucial to watch. TRENT stock exhibits strong upward momentum, making it an attractive option for traders. A breakout above ₹7,081.15 could signal further gains, while buying near ₹6,688.75 support levels offers a favorable risk-reward setup. As always, implementing strict stop-loss levels and sound risk management is crucial to handle potential market volatility effectively.
NSE:TRENTLong
by ayusharya_001
KOTHARI PETRO By KRS Charts31st Oct 2024 / 10:13 AM Why KOTHARIPETRO❓ 1. Fundamentally Good Company with Good Durability and at Good Valuations. ✅ 2. Technically, All Time Bullish Stock. 📈 3. In August, Broke Resistance and Now again giving opportunity to Buy at same Price while Retesting same Resistance Zone. 4. Though Better Entry would be around 206 to 209 Rs range. 5. Further Bullish sign, Bullish Continues Divergence is visible with MACD, means Sellers are Exhaust and Failed to Make New High. 💪 Target is Marked in Chart SL will be Flexible Either staying above 100 EMA or Staying above Resistance Zone any.
NSE:KOTHARIPETLong
by KRSCharts