Get started

Nsestocks

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.
NSE:LIBASLong
by gurinder1988
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.
NSE:TANLALong
by gurinder1988
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.
NSE:LXCHEMLong
by AfnanTAjuddin
1
Biocon - Monthly - Ascending Channel - Rebound & Breakout - LongBiocon Ltd. (NSE: BIOCON) has been consistently trading within a long-term ascending channel, with the channel Top and Bottom being tested multiple times over the years, as shown in the chart. The Price has again bounced after touching the bottom of the channel and made a breakout from a descending trendline followed by a successful retest. The RSI trajectory is also bullish. Key Points: 1. Ascending Channel: The stock has been moving within a well-defined ascending channel since 2013. The recent price action saw a strong bounce off the lower boundary of the channel, suggesting robust support at this level. 2. Key Support and Resistance Levels: The chart highlights multiple instances where the stock has found support at the bottom of the channel and faced resistance at the top. These levels have been tested several times, reinforcing the reliability of this trend. 3. Relative Strength Index (RSI): The RSI is currently at 64.77, trending upwards. This indicates bullish momentum and suggests that the stock could continue its upward movement. The RSI has consistently made higher lows and higher highs, which further supports the bullish outlook. Breakout on Weekly Timeframe The weekly chart shows a breakout from a descending trendline followed by a successful retest, confirming the bullish momentum. The RSI on the weekly timeframe is also in an upward trend, indicating strong momentum. Disclosure: Invested at 338 Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions. Please do leave a comment with your views or any additional insights you might have. If you found this analysis helpful, give it a boost and follow me for more in-depth analyses and updates on promising stocks.
NSE:BIOCONLong
by gurinder1988
Rane Brake Lining - Monthly Chart - Ascending Channel - LongRane Brake Lining Ltd. (NSE: RBL) 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 and RSI has a strong upward trajectory. 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. Relative Strength Index (RSI): The RSI is trending upwards and currently stands at 63.9, indicating bullish momentum. The price has also broken above the trendline on Weekly timeframe as shown above. Disclosure: Invested at 960.15 Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
NSE:RBLLong
by gurinder1988
7
AARTI DRUGS - Monthly Chart - LongAarti Drugs Ltd (NSE: AARTIDRUGS) has been trading within a well-defined parallel channel on the monthly timeframe since 2009. The stock is currently at the bottom of the channel, having successfully retested the channel support. This retest could signify a potential bounce, presenting a long-term buying opportunity. The RSI is also on an upward trajectory. Sharing this analysis for Long-Term investors. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions.
NSE:AARTIDRUGSLong
by gurinder1988
4
🚀 CROMPTON’s breakout is turning heads! Will it fly high?CROMPTON has been on the radar of many traders after breaking out of a consolidation phase that lasted approximately 15 months. This breakout was characterized by a strong bullish candle, indicating a significant volume-supported price movement. Here's a simplified analysis of why CROMPTON might just be the stock to watch: After a prolonged downtrend, CROMPTON entered a phase of consolidation, with a clear resistance level that had been tested and held multiple times. The recent sessions saw a breakthrough of this resistance with a wide bullish candle, suggesting a robust breakout. Currently, the price is retracing towards what was resistance, now turned support—a classic example of polarity in action. Volume Analysis: The retracement is occurring on diminishing volumes, hinting that the selling pressure is weak, and the sellers are possibly less committed. Demand Zone Dynamics: There's a Rally Base Rally Demand Zone in play, and the price is now within this zone, indicating a strong setup for a potential upward move. The technical landscape suggests that CROMPTON is setting up for a Breakout Retracement Trade at the Demand Zone. Trade Strategy: Set a Stop Loss (SL) just below the Demand Zone to mitigate risk. The first target for taking profits could be the high of the breakout candle. To potentially benefit from a rally, consider trailing the SL to protect gains. Conclusion: The technical indicators for CROMPTON are aligning for what could be an exciting trading opportunity. With the price action and volume analysis pointing towards a bullish continuation. Lastly, thank you for your support, your likes & comments. Feel free to ask if you have questions. 🌟 Trading is a journey, and every trade is a new chapter in your story. 🌟 Please note that this analysis is for educational purposes only and is not intended as a trading or investment recommendation. I am not a SEBI registered Analyst.
NSE:CROMPTONLong
by AfnanTAjuddin
2
Consider BERGEPAINT for purchase within the specified range.BERGEPAINT appears to be within the buying range, and if the price decreases, I will consider acquiring more. I have set a 1:2 risk to reward ratio for the initial profit level, and I intend to hold onto the investment as long as the price continues to rise. It will be interesting to observe the price movement. 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 suggestions. Consult your financial advisor before taking any decisions.
NSE:BERGEPAINTLong
by StopLossSorcerer
1
🌟A Deep Dive into STARCEMENT: A Classic Case of Buy on Retest📊 Chart Analysis Overview The technical chart of STARCEMENT presents a fascinating tale of consistent trading patterns that can intrigue both novice and seasoned traders. By deciphering these patterns, we can unearth potential trading opportunities. Here's a deep dive into the stock's behaviour on the chart: 🚀 Key Observations from STARCEMENT's Chart Recurring Breakout Retests: One of the most striking features observed in STARCEMENT's chart is the pattern of breakout retests. Historically, after each significant breakout, the stock prices have tended to pull back to retest the breakout levels. This behavior has been a recurrent theme and provides a clear insight into the stock’s momentum. Formation of New Highs: Post-retest, STARCEMENT often manages to carve out new highs. This suggests a strong underlying market sentiment favouring the stock, thereby indicating a bullish outlook in the wake of each retest. Volume Insights: Throughout these phases, an intriguing aspect is the volume dynamics. The volumes recorded during the retest phases are unusually low. This low volume retest of breakouts is classic and indicative of a less aggressive retracement, which is a positive signal for bulls in the market. 📊 Key Financial Indicators Market Position : Prominent with a market cap of ₹8,941 Cr. Debt Status : Nearly debt-free, enhancing its financial stability. Operational Performance : ROCE at 16.8% indicates efficient use of capital. Profitability Issues : ROE is moderate at 10.8%, reflecting average equity returns. 🚀 Strategic Trading Tips Buying Strategy : Considering the historical success of buying on retests, entering a buy trade at current levels could be advantageous. Stop Loss Strategy : To manage risk effectively, it's prudent to place a stop loss just below the significant support marked by a thick red line on the chart. 📊 My thought The STARCEMENT stock chart is a classic example of how consistent technical patterns can offer actionable insights. Given the recurring nature of breakout retests with low volume, coupled with the stock’s ability to forge new highs post-retest, the current scenario suggests a favorable buying opportunity. As always in trading, while the historical patterns can guide us, it's crucial to stay alert and responsive to any new market developments. Lastly, Thank you for your support, your likes & comments. Feel free to ask if you have questions. Remember, every successful trader keeps an eye on the past but focuses on the future! 🌟 Keep trading smart and stay optimistic! Please note that this analysis is for educational purposes only and I am not a SEBI registered analyst.
NSE:STARCEMENTLong
by AfnanTAjuddin
🎯 Unveil the power of Demand Zones with ACE! Catch the wave📊 Fundamental Key Points: Action Construction Equipment Ltd engages in manufacturing and marketing hydraulic mobile cranes, tower cranes, construction equipment, and agricultural machinery. The company offers a diverse product portfolio to meet various customer requirements. Financials: Market Cap ₹17,094 Cr, Current Price ₹1,428, Stock P/E 61.7, ROCE 26.2%, ROE 18.8%. Pros: Debt-free status, expected good quarterly performance, consistent profit growth of 24.9% CAGR over 5 years, improved debtor days. Cons: Trading at 16.4 times its book value, decrease in promoter holding over the past 3 years. Peer Comparison: Compared to peers in the Capital Goods sector, ACE shows favorable metrics like ROCE at 26.17% and solid profit growth. Quarterly Results: Dec 2023: Net Profit ₹88 Cr, EPS ₹7.41, reflecting positive growth trends over the quarters. Balance Sheet: Shows steady growth in assets over the years, with a well-managed debt profile. Shareholding Pattern: Promoters hold majority stake, with FIIs and DIIs showing consistent interest over time. *️⃣ Understanding the Basics - Technical Analysis First, let's break down some key terms you'll encounter in this analysis: RBR Zones (Rally Base Rally): This pattern signifies an upward price movement, followed by a period of consolidation (stabilization without significant price changes), before another upward movement occurs. Demand Zone: A price area where buyers tend to enter the market, causing the price to increase. Bullish Pin Bar Candle: A type of candlestick that indicates a potential reversal of a downward trend to an upward trend. 📈 In-Depth Analysis of ACE ACE is currently trading in a very significant area, known as a Demand Zone. This zone is not just any area on the chart; it's a powerful RBR Zone formed on both the daily and weekly charts. Here’s why this is crucial: The formation of the RBR zone was followed by the price reaching all-time highs accompanied by high volume, showing strong buying interest. Currently, the price has retraced back to this zone, accompanied by low volume, which could mean a potential reversal or continuation of the upward trend. Yesterday's price action closed with a Bullish Pin Bar Candle right at the Demand Zone, which often signals a turning point. 💹 Key Trading Strategy For those looking to trade ACE, here’s a straightforward approach: Entry Point: Current Market Price (CMP) at 1428. Stop Loss (SL): Below 1340, to protect against unexpected downward movements. First Target: Aim for 1600 as an initial profit target. Risk Management: Consider trailing your stop loss to lock in profits as the price moves favorably. Disclaimer: This analysis is for educational purposes only. I am not a SEBI registered analyst. Please do your own research or consult a financial advisor before making investment decisions. Concluding Thoughts Thank you for your engagement and feedback. Remember, trading is a journey of continuous learning and application. Feel free to ask questions or share your thoughts on this analysis! "In trading, as in life, the risk you take is a measure of the success you seek. 🚀"
NSE:ACELong
by AfnanTAjuddin
JKTYREJKTYRE:- Cup and handle pattern has been formed, breakout has also been given, volumes are also visible well. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:JKTYRELong
by AjayDhakad_Keep_it_simple
PILANIINVSPILANIINVS:- The stock was in consolidation for a long time, it has given a breakout after 6 years, the volume is also good. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:PILANIINVSLong
by AjayDhakad_Keep_it_simple
1
TVS Motors, Buy on Weekly charts!Price has broken out of a nice consolidation and if it does a minor retracement and then creates a strong bullish candle, it will be a good buying opportunity. Stoploss would be below the previous resistance and trailing stoploss can be below 20EMA. Alternatively ATR can also be used to determine trailing stoploss, it all depends on what you are comfortable with. That said, as usual, please pay attention to position sizing and manage your risk wisely.
NSE:TVSMOTORLong
by Amit_Thakkar_