Navinfluorine Looks Good!NSE:NAVINFLUOR
The price appears to have found a bottom, signaling a potential reversal as it breaks upward following a phase of consolidation or indecision.
The Diamond Bottom pattern typically forms during a downtrend, where prices initially create higher highs and lower lows, forming a broadening structure.
Over time, the trading range narrows as the highs peak and the lows begin trending upward. A decisive upward breakout from the diamond's boundary confirms the reversal, marking the transition to a new uptrend.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
Nsestocks
ADANI WILAMR by KRS Charts5th Nov 2024 / 9:22 AM
Why AWL ❓❓
1. Decent Fundamental and Corrected Stock Technically.
2. Even its Correcting since long time, it made HL in monthly Timeframe. Which is good sign.✅
3. Clearly 5 Wave Correction Structure is finished, One Bounce is expected till 4th Wave height from current price.
4. Upside Movement can be Sluggish it's a swing Entry so. 📈
With a Good R/R more than 1:3 Target will be 509 Rs.
with SL of 285 Rs Daily Closing Basis.
VEDL Chandi Jaisa Rang Hai Tera Ghode Jaise Chal VEDANTA (Shines like Silver & runs like a Horse)
VEDL is in a Bullish impulse wave since Covid bottom & did a golden retracement in wave 2 in from 440.75 in April 2022 to 208 in Sept 2023 now Wave (3) has started & we are about to complete wave 1 of (3) what should follow is Wave 2 correction in Wave (3) so 560-570 should be levels to be cautious on upside for a pullback of the impulse started from Sept 2023 bottom.
The larger structure remains bullish a 3 wave or 7 wave pullback will be the zone to create fresh longs.
(Note VEDL is positively correlated with silver which is also in bullish structure)
Valiant Organics by KRS ChartsDate: 10th Sept 2024
Time: 10:09 AM
Once Posted in past But This with Better Entry and Breakout
What I Observed in VALIANTORG❓❓
1. As per Wave Theory Correction Count of 1 to 5 is over for downside. Now as per this Upside movement can expected but when? 🤔Let me show you 👇
2. Double Bottom is visible from Strong Support as we can see in Chart.
3. Resistance Breakout Today which was lacking 1st time I have posted this, and volume is also decent which good enough for swing entry
After all, Targets are in VALIANTORG will be ~650 Rs for short to medium term and 868 Rs for Long Term investment
Let's Grab this, this time!!
Sideways September?
As marked on the Monthly time frame of Nifty
- During an upmove in the market when such hanging man pattern is formed,
- The following month has shown Bearish/Sideways movement in the market
- Similar "Hanging man" candle can be observed for the month of August
As of now since the commencement of September trading month we have seen a fall of 481 points / 1.9% from the ATH from 25333.65 to 24852.15
Bringing Nifty to its crucial level that acted as resistance for the month of August
- There's a possibility this level can turn into CIP and act as a support
- If this level breaks, next support can be seen at the levels of 24150 / Approximately 4.5% from ATH giving good buying opportunities in Equity as well
Balaji Amines - Long Term Channel - Potential breakout ahead?Balaji Amines Ltd (NSE: BALAMINES) has been moving within a well-defined ascending channel on the monthly chart. The stock has shown consistent growth, respecting both the upper and lower boundaries of this channel.
The stock has been trading within this ascending channel for over a decade. Recently, it has tested the lower boundary and seems to be gearing up for another upward move.
Watch for a confirmed breakout above the trendline shown. The upward trajectory in the channel suggests that the long-term trend remains bullish, but caution is advised if the support at the bottom of the channel fails.
If the price breaks out above the upper trend line, it could signal the start of another impulse wave, potentially testing the upper boundary of the ascending channel.
Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
EIHOTEL Trade Analysis for Buy using Wyckoff methodWyckoff Story
Prior to trading range we were in uptrend and then we have Stoping action and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH.
Down wave Analysis
We can see that the volatility of the down wave is decreasing from Phase A to Phase D, confirming the accumulation Bias.
Volume Analysis
We have supply decrease from Phase A to Phase C indicating supply is being absorbed.
Final View
Bullish on stock with entry marked on the chart
TATAMOTORS Trade Analysis for Buy using Wyckoff method. Wyckoff Story
Prior to trading range we were in uptrend and then we have BC and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH.
Down wave Analysis
We can see that the volatility of the down wave is decreasing from Phase A to Phase C, confirming the accumulation Bias.
Volume Analysis
In Phase B we see increase in supply but the price is not able to go below the trading range, lot of effort to push the price down but fails, indicating effort vs result is not synced. Confirming the accumulation bias.
We have supply decrease from Phase A to Phase C indicating supply is being absorbed.
Spring
We have spring in Phase C
Jump Across the Creek (JAC)
we have JAC in phase D with good volume indicating institutions are present in buying.
ETHOSLTD: Breakout and Retest Hey everyone! It's Afnan, and I’m going to share some cool stuff about a stock called NSE:ETHOSLTD .
on July 24, ETHOSLTD did something called a "breakout." It broke through its all-time high, which is like the highest point it has ever reached.
Now, after breakout, it came back down a little to the level where it broke out. If you look at the daily chart , you'll see that ETHOSLTD made a shape called a "rounding bottom." It’s like a big smiley face!
On July 24, this stock jumped over the top of this smiley face with a lot of people buying it (that's the volume part). When it came back down, not many people were selling it (the low volume part). This is cool because it shows that people aren’t really interested in selling the stock now.
This place where the stock bounced off is now a super important spot. It used to be a ceiling (resistance), but now it’s a floor (support). This change is called the "act of polarity" in technical terms.
So, here’s the plan: we can make a trade here because it’s a good spot to buy, hoping the price will go up again. For every bit we risk, we can aim to make at least double that (1:2 risk to reward).
That’s it for now! Let’s see how ETHOSLTD does. Happy trading!
Venkeys - Monthly Chart - Ascending Channel - LongVENKEYS is moving in a clear Ascending Channel with support at the bottom of the channel retested multiple times as shown in the chart.
The Price has again bounced after touching the bottom of the channel
Key Points:
Ascending Channel: The stock has been trading within a well-defined ascending channel for several years. The price recently bounced off the lower boundary, affirming strong support at this level.
Key Support Levels: The chart highlights multiple instances where the stock has found strong support at the bottom of the channel, reinforcing the robustness of this upward trend. Each bounce off the lower boundary has led to significant upward movements.
Disclosure: Invested at ₹1992.07
Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
Trident NSE Date - 22 March 2024
Time - 10:30 AM
WHAT is,
1. VAH& VAL- The upper limit of the Value Area is called Value Area High (VAH), while the lower limit is referred to as Value Area Low (VAL). These levels can serve as potential entry and exit points for trades.
2. POC- The price level for the time period with the highest traded volume.
-As we can see, since last year Trident is doing HH and HL. (Bullish)
-After using Fixed Range Volume Tool for both long and medium time periods we have find that 36-37 Rs is where long term VAH volume and medium term POC + 100 Ema is also meeting at same price and creating strong support.
-Today's price movement is confirming strong support at 36-37 Rs.
So, with a SL of 32.40 (Prev HL) We can LONG Trident for Medium Term.
Thank You!
Have A Good Day!
NAVIN FLUORINE - Week - Bullish Divergence + Ascending TrendlineNAVIN FLUORINE INT. is displaying promising bullish signals on the weekly chart. The following analysis highlights key technical indicators and potential future movements:
Ascending Trendline - The stock is maintaining a strong ascending trendline, bouncing off this support multiple times (green arrows).
Bullish Divergence - The price made a lower low in March 2024, but quickly recovered. During the same period, RSI made a higher low, creating a bullish divergence (blue arrows).
RSI Analysis - The RSI is currently trending upwards, indicating increasing bullish momentum.
The stock is also moving in a clear Ascending Channel on the Monthly timeframe as shown above. Both the Top and Bottom of the channel has been tested multiple times over the years.
If you found this analysis helpful, please leave a comment below to share your thoughts or any additional insights you might have. Your input is highly valued and helps us all learn together!
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Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
Laxmi Organic - Bullish Divergence and Breakout from TriangleWeekly Chart Insights:
Symmetrical Triangle Pattern: Over the past years, Laxmi Organic Industries Ltd has formed a symmetrical triangle.
Breakout Confirmation: Recently, the price broke above the upper trendline of the triangle.
Retest of Breakout: The price action is retested the breakout at the Trendline and has moved upwards now.
Bullish Divergence:
Time Period - 26 March to 12th May
Lower Low in Price - Price went from 235.2 to 228.5
Higher Low in RSI - RSI went from 37.2 to 37.6
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
IndoBorax - Fibonacci Targets in sight after Breakout - DailyIndo Borax & Chemical Ltd. has recently broken out cleanly from a descending trendline. The Fibonacci retracement levels provide clear targets for the upcoming price action, making this an interesting setup.
Technical Analysis:
Descending Trendline Breakout: The stock has decisively broken out from a descending trendline, indicating a shift in momentum from bearish to bullish.
Fibonacci Retracement Levels: The Fibonacci retracement levels drawn from the recent high to the low indicate potential resistance and support levels. Key observations include:
Support at Fib 1: The price took support at the 1.0 Fibonacci level (₹171.10) post-breakout and bounced off strongly.
Resistance at 2.618: The stock faced resistance at the 2.618 Fibonacci level (₹213.59) but has since taken support at the 1.618 level (₹187.33).
Potential Target Levels: A daily close above ₹213.59 opens up the 3.618 level (₹239.86), with the previous high acting as another target at ₹232.21.
Volume Analysis: The breakout was accompanied by a significant increase in volume. The Volume has spiked again today.
Key Levels to Watch:
Support: ₹171.10 (1.0 Fibonacci level) and ₹187.33 (1.618 Fibonacci level).
Resistance: ₹213.59 (2.618 Fibonacci level) and ₹232.21 (previous high).
Bullish Divergence on Weekly
On the Weekly chart, you will also notice that there has been a Bullish Divergence where the price made a Lower Low, while RSI made a Higher Low, shortly before the Breakout.
The RSI seems to be on an upward trajectory since, as you can see in the chart below.
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Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
Libas - Potential Bullish Divergence in Descending TriangleLibas Designs Ltd. is currently trading within a descending triangle pattern. A potential bullish divergence between the price action and the RSI could indicate an upcoming trend reversal.
Technical Analysis:
Descending Triangle Pattern: The stock has been consolidating within a descending triangle pattern, characterized by lower highs and a strong support level around ₹16.5.
Lower Low in Price: The price recently made a lower low, near the support level of the triangle.
Higher Low in RSI: Simultaneously, the RSI (14) made a higher low, creating a bullish divergence. This suggests that the selling pressure is weakening, despite the price making a new low.
Volume Analysis: Volume has been decreasing during the formation of the triangle, which is typical for this pattern and indicates a potential buildup before a breakout.
Trade Setup:
Entry Point: I would wait for a breakout and retest above the top trendline. Probably somewhere above the 17.5 mark.
Stop Loss: A stop loss below ₹16.00, just under the recent support level, to manage risk effectively.
Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
D P Wires NSEDate- 3rd April 2024
Time - 11:30 Am
D P Wires has a Good Fundamentals Figures and giving Dividends too.
While,
Technically it is showing bullish Continuous Divergence in MACD compared to Price Action and has already given strong green candle for reversal confirmation.
Also, Price is reversal from 100 EMAs support and also all over D P wires is Bullish stock.
SL Price - 446 Rs.
Target - 680+
Current - 500 Rs.
Tanla - Monthly Chart - Ascending Channel - LongTanla Platforms Ltd. has been trading within a well-defined ascending channel for almost 10 years now. The support at the bottom of the channel and the resistance at the top of the channel have been tested many times over the years, as the chart shows.
The Price has again bounced after touching the bottom of the channel last month and RSI has a strong upward trajectory.
Key Points:
Ascending Channel: The stock has maintained an ascending channel for almost a decade, with the price consistently respecting the channel's boundaries.
Support at Bottom: The lower boundary of the channel has been tested multiple times and has held strong, indicating robust support.
Resistance at Top: The upper boundary of the channel has also been tested multiple times, acting as a reliable resistance level.
Recent Bounce: The price recently hit the bottom of the channel last month and bounced off, suggesting a possible continuation towards the upper boundary.
Volume Analysis: The volume has shown significant spikes during periods of upward movement, reflecting strong buying interest.
RSI: The RSI (14) is currently at 52.98 and trending upwards, indicating growing bullish momentum. The RSI's upward trend further supports a bullish outlook.
Disclosure: Invested at 920.00
Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
Breakout Alert! Laxmi Organic Industries Ltd Hello, traders! I’m excited to share my latest analysis of Laxmi Organic Industries Ltd. This stock is currently showing some intriguing patterns that could signal a major move. Let's dive into the details together!
🧩 Multiple Pattern Breakout 🧩
Laxmi Organic Industries Ltd. has been consolidating after a significant downtrend, forming several classic chart patterns during this phase:
Triple Bottom Pattern : This bullish reversal pattern indicates that the stock has found a strong support level and is ready to move higher. The triple bottom often forms the lower boundary of a rectangle pattern.
Rectangle Pattern : This continuation pattern shows that the stock has been trading within a defined range, waiting for a breakout.
Descending Triangle Pattern : This bearish pattern has been invalidated, as the stock broke out to the upside with strong volumes.
💡 Key Breakout Levels 💡
Yesterday, Laxmi Organic Industries Ltd. broke out of the descending triangle pattern with good volume. Today, it has breached Triple Bottom Pattern neckline and critical zone that has acted as both support and resistance multiple times in the past.
📊 Strong Financial Performance 📊
Laxmi Organic Industries Ltd. also boasts solid financials, adding to its appeal:
Net Profit Growth : There is a notable growth in net profit with increasing profit margin (QoQ).
Revenue Growth : The company has shown increasing revenue every quarter for the past two quarters.
Profit Growth : Profits have been increasing every quarter for the past two quarters.
Institutional Confidence : FII/FPI or institutions have been increasing their shareholding in past quarter.
🚀 Trade Setup
We can plan a buy trade if today's high is broken. For a safer entry, wait for tomorrow’s 1-hour candle to close above today's high before entering the trade. Here's how to manage your trade:
Stop Loss (SL) : Place your SL below today’s low with a buffer.
Target : Aim for at least a 1:3 risk-to-reward ratio. You can also set targets based on the patterns.
This analysis is for educational purposes only and is not intended as a trading or investment recommendation, as I am not a SEBI registered Analyst.
📝 Final Thoughts
Trading is a journey filled with learning and growth. Remember, patience and discipline are key to success in the markets. 📊
Lastly, thank you for your support, your likes & comments. Feel free to ask if you have questions.