Granules India: Is It the Next Opportunity?- Is Granules India our next PFC contender?
- Similar move, pattern, and good strength observed.
- It's worth considering a speculative move.
- However, we must not risk everything.
- Our course of action:
1. Granules India's current market price is around 476.
2. We will Wait for today's closing, which should be above 474 to meet our bullish trade condition.
3. If the first condition is met, we'll buy above today's high, with today's low acting as a small stop loss.
- Due to the trade's riskiness, we'll manage quantity to mitigate risk.
Nse
NIFTY 50 (BULLs VS BEARs) Date - 13th March 2024
Time - 10:05 AM
After seeing today's move of gap up opening and then filled the gap again.
FIXED RANGE VOLUME PROFILE
1. This Volume indicator is more useful than ordinary horizontal and time base volume indicator.
2. Its Flexible to use and you can put wherever you want to identify at that particular time who are the dominators (BULLS OR BEARS), who made that particular move in market.
3. As we can see in chart, I have put 2 Fixed range volume tools for 2 different times, in that Red Lines come out it is showing POC (Point of Control) for that selected range.
4. If Current price is below POC line than we can say Bears are in Dominance , as per current situation in Nifty 50.
5. If Price roaming above POC line means Bulls are in all over Dominance so far.
So, after using this tool we can identify within dark volume range (shown in chart) sluggish movement expected and Until Price won't break POC line and High-volume range either side strong and rational move should not expected.
Lower the volume at any particular price faster the movement we can expect.
NIFTY 50 NSE Date - 29th Feb. 2024
After seeing Chart, it seems like sellers are more aggressive than buyers because it fails to sustain resistance level and also 23rds gap up also not sustain. but still for safer side I suggest wait for retest for Buy side specially.
and on smaller Timeframe should find short opportunity for next 2 to 3 trading days.
Thank you!
IBULHSGFIN : Strong 200 EMA Breakout#IBULHSGFIN #breakout #trendlinebreakout #200emabreakout #swingtrade
IBULHSGFIN : Strong 200 EMA Breakout
>> Trendline Breakout soon
>> Good Strength & Decent Volumes
>> Trending Stock & in Momentum
>> Low Risk High Reward Trade
Swing Traders can Lock profit at 10% & keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NIFTY Analysis: Double Top Pattern and Support ZoneNIFTY is currently in a sideways zone, and a double top pattern seems to be forming, but confirmation is still pending. The marked zone on the chart, 21635 to 21515, could potentially act as a support zone for NIFTY as these are Fibonacci levels.
Speaking about the double top pattern, if the price closes above 21126, this pattern will become invalid. On the other hand, if the price closes below 21130, it will confirm the pattern, potentially marking the beginning of a downtrend in NIFTY.
For now, we will wait for a reversal from our marked support zone in NIFTY without taking any action.
IDEA | LONG | SWING | NSE:INDIA | ANALYSISDisclosure : I am not SEBI registered. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this channel suggestions. Consult your financial advisor before taking any decisions.
Buy if:
Follows current price action movements with Volume support
Respects Triangle pattern formation
RSI breakout
Good Volume on price breakout the trendline
Took support on 50 EMA
Exit if:
Sudden down spike with heavy unexpected volume
Breaks 50 EMA
Touches my Stop Loss
RAIN Industries not a bullish setupRain Industries is one stock where retails are more optimistic than the promoter but techinically their are 3 major red flags in price action
1 It has not crossed 61.8% retracement of fall from ATH to bottom 2020
2 The rise from lows of 2020 is not impulsive (god knows how some people are marking impulsive rise from 2020 bottom)
3 It has not crossed 61.8% retracement of fall from 2021 top to recent bottom yet
Why people try to force counts when we see every move is over lapping their are more than 5000 stocks traded on NSE still people are forcing their own views in name of technicals & a sudden price action in direction of their trend they count themselves as doing miracle my personal take is when its difficult to fit Elliott counts stay away from the Stock.
#DISHTV long trade idea setup (10/02/24)Greetings Folks,
today I have prepared a setup of
NSE:DISHTV on NSE
the analysis is as follows-
- the price started a bullish trend after breaking out of equal high's range
- the price was quick to make a deep retracement, i am currently looking at this retracement as bullish confirmation
- the price may not retrace much deeper this time, that's why choosing the buying zone halfway of move
don't play with fire, always use a predefined stoploss
#SUZLON long trade idea setup (09/02/24)Greetings Folks,
today I have prepared a setup of NSE:SUZLON
on NSE
the analysis is as follows-
- the price is on a minor bearish mode
- we are expecting to take a trade in reversal
- the price has swept the previous low's liquidity
- if the marked resistance breaks and the price retest, we can expect a minor bullish move
- if price fails to do so, leave the setup
don't play with fire, always use a predefined stoploss
#HFCL long trade idea setup (08/02/24)Greetings Folks,
today I have prepared a setup of
NSE:HFCL on NSE
the analysis is as follows-
- the price has made a fresh bullish structure in 15 min time frame
- the last higher high breakout failed, which means price can make a retracement to refuel the momentum
- the buying price is set under the underlying sell side liquidity orders, if they get swept, our trade can play well
don't play with fire, always use a predefined stoploss
ORIENTHOT | LONG | SWING | NSE:INDIA | ANALYSISPoints to consider
Trend is Upward.
Consolidation after Upward move.
Staying above the trendline after a good breakout on DEC 1st.
WATCH if there is any sudden spike towards up.
Buy If,
Breaks 127.9 and Support trendline with good volume.
RSI breakout conformation
Any other conformation
Breakout Alert: Central Bank Ready!Central Bank Of India:
CMP: 48.30
Exciting news! Central Bank Of India has recently experienced a breakout, a trend we've noticed performing well historically, especially when accompanied by volume. Today, we observe a breakout, albeit in the form of a trend line.
Watch closely : If the price surpasses 48.50, we'll consider a long entry, managing risk with a specified stop-loss as indicated on the chart.
If you appreciate our analysis, your support means the world! Boost us and stay tuned for more insightful market analyses. 📊🚀 #CentralBankOfIndia #Breakout
MEP Investment Outlook: Potential Multibagger OpportunityMEP appears promising to me, and I'm optimistic about its potential to be a multibagger. I've acquired some positions at 15.95, and I believe the current price remains favorable for investment. As of now, our stoploss is set at 11.
Disclaimer: Investing in stocks carries inherent risks, and past performance is not indicative of future results. It's important to conduct thorough research and consider your risk tolerance before making any investment decisions.
ABFRL: Watch for the Breakout Above 240!ABFRL (Aditya Birla Fashion and Retail Limited) :
The stock is currently consolidating in a sideways zone after a significant downtrend.
Key Points:
Downtrend and Sideways Phase: ABFRL has experienced a notable downtrend followed by a period of consolidation in a sideways zone.
Promising Signal: A potential bullish signal will be triggered if the stock achieves a weekly close above 240.
Buy Consideration: Our focus for considering a buy position will be contingent upon the stock closing above the 240 threshold on a weekly timeframe.
Stay tuned for updates on this promising opportunity in ABFRL.
IFCI - Next big thing?IFCI Limited is a financial institution that caters to the long-term finance needs of the industrial sector. The Company offers a range of debt products based on the specific requirements of the corporate.
P/B: 1.45
Mkt Cap (Rs. Cr.): 4,643
Sector PE: 8.45
Book Value Per Share: 12.87
Positives:
Strong Momentum: Price above short, medium and long term moving averages
MACD Crossover Above Signal Line
New 52 week high today
Effectively using its capital to generate profit - RoCE improving in last 2 years
Growth in Net Profit with increasing Profit Margin (QoQ)
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company reducing Debt
Annual Net Profits improving for last 2 years
Company with Zero Promoter Pledge
Recent Results : Growth in Operating Profit with increase in operating margins (YoY)
Stock gained more than 20% in one month
Highest Recovery from 52 Week Low
Decrease in Provision in recent results
RSI indicating price strength
High Volume, High Gain
Negatives:
Red Flag: High Interest Payments Compared to Earnings
MFs decreased their shareholding last quarter
Low Piotroski Score : Companies with weak financials
NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
UNIONBANK - Buy opportunity in sightNSE:UNIONBANK
Union Bank of India is engaged in providing banking and financial services. The Bank offers products and services in three categories: Deposits, Loans and Advances, and Remittances and Collections.
TTM EPS: 7.28
TTM PE: 5.65
Sector PE: 20.33
Book Value Per Share: 89.52
P/B: 0.46
Face Value: 10
Mkt Cap (Rs. Cr.): 28,090
Some Positives:
Company with high TTM EPS Growth
Strong Annual EPS Growth
Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Current price is less than the intrinsic value
Over the last 5 years, revenue has grown at a yearly rate of 18.08%, vs industry avg of 7.63%
Over the last 5 years, market share increased from 5.49% to 8.72%
Some Positives:
Red Flag: High Interest Payments Compared to Earnings
Decline in Net Profit with falling Profit Margin (QoQ)
Declining Net Cash Flow : Companies not able to generate net cash
My Opinion: My opinion is clearly visible on chart. But I would recommend you to read about decreasing trend of NPA and the setup of 'bad bank' by GoI. It is a real positive for all PSU banks in future.
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
SEACOAST - Bottoming out Seacoast Shipping Services Ltd, formerly Mahaan Impex Ltd is an India-based company. The Company’s principal business activity is wholesale trading of textile and logistics. The Company focuses to carry on the business of export, import, buying, selling and producing all kinds of textile business. It focuses on textile business, including formulation of jute, jute goods, jute cuttings, jute rejections, cotton, cotton textiles, yarn, wool, silk, handicrafts, flax, rayon, nylon and other fibrous materials and man-made fibers.
All Time High: 213.48
Book Value Per Share: 2.02
TTM EPS: 0.34
TTM PE: 13.88
P/B: 2.34
Sector PE: 4.98
Positives:
Strong Momentum: Price above short, medium and long term moving averages
New 52 week high today
Growth in Net Profit with increasing Profit Margin (QoQ)
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company with Low Debt
Increasing profits every quarter for the past 2 quarters
Company with Zero Promoter Pledge
Stock gained more than 20% in one month
Negatives:
Declining Net Cash Flow : Companies not able to generate net cash
Seems to be overvalued vs the market average
Hasn't fared well - amongst the low performers
NOT A RECOMMENDATION. JUST FOR EDUCATION
IEX is ready for a Bull ride.NSE:IEX
About Company :-
Indian Energy Exchange Ltd provides an automated platform and infrastructure for carrying out trading in electricity units for physical delivery of electricity. It's broker Just like Zerodha or Angel One but for electricity trading. with market share at present, IEX enjoys a dominant 90% market share in the total volume traded across all segments. However, recent regulations like "Market Coupling" could potentially impact IEX's prominence in this segment means market share will reduced if market coupling implemented by govt. in future.
Entry :- 160/- or Current Price.
Target :- At Supply Zone.