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Carysil: The Stock Ready to Fly?Today, I'm going to tell you about a company called Carysil in a way that's easy to get. 📊 Meet Carysil NSE:CARYSIL started in 1987, making sinks out of quartz and granite. They've been doing it so well that now they're one of the top names in India for these products. But we're not here to talk about sinks; we're here for the exciting stuff - their stock performance. 🔍 Spotting the Pattern: The Rounding Bottom Breakout 🔍 For those new to chart patterns, a rounding bottom is a bullish signal. Carysil's stock has not only formed this pattern but has also broken out to reach new all-time highs. This breakout was accompanied by spiking volumes, a sign that the big players are taking notice. 📈 The Retest: A Second Chance? After such an impressive breakout, Carysil's stock has come back to test the breakout level, but this time with significantly lower volume. This retest offers a golden opportunity for investors and traders to hop on board with a more affordable stop loss, targeting at least a 20% gain from the depth of the rounding bottom pattern. 🌟 Financial Highlights: Numbers Don't Lie Carysil's recent financial performance adds another layer of excitement: Net Sales surged by 36.4% in December 2023, reaching Rs 187.96 crore. Quarterly Net Profit rose by 27.21% in December 2023, hitting Rs. 15.33 crore. EBITDA experienced a 43.5% increase in December 2023, standing at Rs. 36.12 crore. EPS grew to Rs. 5.72 in December 2023, up from Rs. 4.50 in December 2022. Moreover, Carysil shares have delivered a staggering 26.94% return over the last six months and an even more impressive 97.05% over the last year. 🚀 Wrapping It Up: Carysil's Future Looks Bright it's clear that the stock holds promising potential for those willing to delve into its patterns and financial health. The alignment of technical signals with robust financial performance paints a picture of a stock on the cusp of a significant rally. Remember, this is all about learning and not actual investment advice, as I'm not a certified expert. But I love sharing what I find with you all. Lastly, thank you for your support, your likes & comments. Feel free to ask if you have questions. Dive into the market with confidence and remember, in the world of trading, the sky's the limit! ✨ Keep soaring, traders! ✨
NSE:CARYSILLong
by AfnanTAjuddin
INGERRAND's chart magic unveil: A Technical Analysis Masterclass Hey traders and investors! Let's explore the exciting world of Ingersoll-Rand (India) Ltd today, NSE:INGERRAND incorporated in 1921 is engaged in the business of providing solutions for infrastructure development, industrial solutions and climate control markets. Today, the company has emerged as being amongst the largest exporters of engineered goods in India. We're going to take a closer look at its stock through technical analysis, trying to uncover what the future might hold by looking at the past. 📊 The Confluence of Patterns: A Rare Spectacle In the world of stock analysis, seeing several patterns break out at the same time is like discovering a treasure in the vast sea of stocks. We've found something special on the daily chart - a cup and handle, a triangle, and a rectangle all breaking out together. It's a rare and strong sign for those trading. The Cup and Handle Breakout : A classic bullish signal, the cup and handle formation suggests a continuation of an upward trend. The beauty of this pattern lies in its simplicity and the robust move that follows the breakout. Triangle Breakout : Triangles, often indicative of a consolidation phase, break out to signal the market's decision. The direction of the breakout provides us with clues about future price movements. Rectangle Breakout : Symbolizing a period of consolidation where supply and demand find equilibrium, the rectangle's breakout points towards the market's resolve to move higher. 🔍 Volume Speaks Volumes Volume is crucial in our analysis, acting like a storyteller for price movements. High volume on bullish days shows strong interest and buying, which is a great foundation for our predictions. Yesterday's price action, breaking out with convincing volume, lays the foundation for our analysis. 📈 The Retest: An Opportunity Knocks Today's price action offers a golden opportunity as it retests the breakout levels with low volume. This behaviour is a textbook example of a successful breakout where the price seeks to confirm newfound support at previous resistance levels. Such retests are invitations for entry, with a clear risk management strategy in place. 🎯 Setting Our Sights: Targets and Strategies The depth of the cup and the rectangle, mirroring each other, project a potential upside of 17%. Our goal isn't just to reach this target but to make the most out of the journey. Using trailing stop losses can help us catch the entire rally, turning a good trade into a great one. Lastly, thank you for your support, your likes & comments. Your engagement fuels our quest for trading excellence. Remember, the path to trading mastery is both thrilling and challenging. Let the charts be your map and your analysis the compass. "Embrace the journey, for every chart holds a story waiting to be told." Please note: This analysis is for educational purposes only and not intended as a trading or investment recommendation. I am not a SEBI registered Analyst.
NSE:INGERRANDLong
by AfnanTAjuddin
SHAREINDIASHAREINDIA:- The stock has given a breakout after 11 months. Volumes are also showing 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:SHAREINDIALong
by AjayDhakad_Keep_it_simple
EASE MY TRIP Annual Revenue rose 85.86%, in the last year to Rs 464 Crores. Its sector's average revenue growth for the last fiscal year was 21.78%. The only company in OTA sector to make profit. B2B2C monopoly listed company business making profit Quarterly Net profit rose 67% YoY to Rs 47.18 Crores. Its sector's average net profit growth YoY for the quarter was 6%. Easy Trip Planners Ltd. has a share price target of Rs 44, revenue growth forecast of 27.3%, and profit growth estimate of 13.4% Sector will grow at an avg of 14% CAGR for the next year with travel crowd doubling in the next 5 years !
NSE:EASEMYTRIPLong
by rsptraders2017
EDELWEISSEDELWEISS:- If the stock gives a breakout and sustains above 45.90 level, we may see a movement to the upside 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:EDELWEISSLong
by AjayDhakad_Keep_it_simple
BIRLAMONEYBIRLAMONEY:- The stock has given a breakout after 5 years, and has also formed a cup and handle pattern. 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:BIRLAMONEYLong
by AjayDhakad_Keep_it_simple
METROPOLISMETROPOLIS :- After a huge fall, the stock has consolidated and has also formed a reversal pattern called Cup and Handle Pattern. 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:METROPOLISLong
by AjayDhakad_Keep_it_simple
GRASIMGRASIM:- After this, a breakout is about to happen, the stock has been consolidating near the resistance for the last 3 months. If we get a breakout, we may see upside movement. 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:GRASIMLong
by AjayDhakad_Keep_it_simple
PRSMJOHNSNPRSMJOHNSN:- The stock is going to give a breakout after 5 years. It has also given a breakout. Keep an eye on the stock. 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:PRSMJOHNSNLong
by AjayDhakad_Keep_it_simple
IFCIIFCI:- Reverse pattern has been created on the monthly chart, you can also call it cup and handle pattern. 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:IFCILong
by AjayDhakad_Keep_it_simple
KREBSBIOKREBSBIO:- The stock has been falling for 2 years, a triangle pattern has been formed, if we get an upside breakout then we may see good movement. 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:KREBSBIOLong
by AjayDhakad_Keep_it_simple
GENCON - DAILY CHART DOUBLE PATTERNA "Double Bottom" is a technical analysis chart pattern frequently observed in financial markets, such as stocks, commodities, and forex. This pattern is considered a bullish reversal pattern, indicating that an ongoing downtrend might be coming to an end and a new uptrend could be emerging. The Double Bottom pattern consists of two distinct downward price movements followed by a reversal. Here's how it typically forms: Initial Downtrend: The price of the asset is in a downward trend, indicating a bearish sentiment. This phase represents the first leg down. First Low: The price reaches a low point and then experiences a minor upward correction. This forms the first low point of the pattern. Second Downtrend: After the first upward correction, the price resumes its downward movement, usually not reaching the previous low. This second decline is typically on lighter volume compared to the initial downtrend. Second Low: The price finds support at a level close to the previous low but doesn't break below it. This forms the second low point of the pattern. At this stage, buyers are stepping in to prevent the price from falling further. Reversal Confirmation: Once the price starts moving upwards from the second low and breaks through a certain resistance level (often a "neckline" drawn through the highs between the two lows), it confirms the pattern's completion. This breakout is seen as a bullish signal, suggesting a potential trend reversal. Traders and analysts often use the depth between the lowest point of the pattern and the neckline to estimate a potential price target for the subsequent uptrend. However, it's important to note that not all double bottom patterns result in successful reversals. Like any technical analysis pattern, false signals can occur, and it's advisable to use additional indicators and analysis to confirm the pattern's validity. As with any trading or investment strategy, it's crucial to combine technical analysis with fundamental analysis and risk management to make well-informed decisions. Note: 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.
NSE:GENCON
by hardeepssethi