Reliance powerRpower posted stellar results today after which the stock spide by 9% at market open.
Although there was a slight decline in revenue yoy but the company's net profit increased by 358% percent from last quarter.
This company's financial health is improving steadily and company is focusing on debt reduction, this company also has many subsidiaries for eg Rosa power.
The power sector looks promising for coming 3 to 4 years and I personally have rpower and various power companies in portfolio, you must have risk exposure to this sector, it could do wonders in the next years.
Community ideas
AARON industries#AARON
Daily chart..
Resistance at 400
Support at 340
Keep on Radar.
Aaron Industries Limited (AIL) is an Indian company that manufactures elevators, elevator parts, and stainless steel products. They also provide electronic equipment for elevators.
What they do:
Elevator manufacturing
AIL designs and manufactures elevators, including cabins, doors, frames, headers, and traction machines.
Stainless steel polishing
AIL polishes stainless steel for mirrors, press plates, designer sheets, and more.
Electrical equipment
AIL provides electronic equipment for elevators, including distribution boxes, busbar chambers, cable trays, and loom switches.
What they produce:
Elevator cabins, including mild steel, stainless steel, and premium cabins
Auto doors, including ADS 2Pnl
Designer sheets, including full panel sheets and seamless designer sheets
Distribution boards and boxes
Busbars and mini busbar (MS) boxes.
MUTHOOTFINThe chart is self-explanatory and shared for educational purposes.
The most prominent feature is the clear upward-trending channel that the stock price has been respecting. This is a significant bullish indicator, suggesting consistent upward momentum. The recent price action shows the stock price touching the bottom of the channel line. This suggests a potential bounce-back towards the upper channel line, further reinforcing the bullish sentiment implied by the channel.
The alignment of the 50-day, 150-day, and 200-day moving averages, with the 50-day being highest, followed by the 150-day, and then the 200-day, is often considered a sign of a potential upward trend.
Risk Management: Always use stop-loss orders to manage potential losses.
Laurus Labs cmp 636.80 by Weekly Chart viewLaurus Labs cmp 636.80 by Weekly Chart view
- Support Zone at 532 to 556 Price Band
- Resistance Zone at 616 to 642 Price Band
- Falling Resistance Trendline Breakout seems sustained
- Rising Support Trendline been traversed by the Stock Price
- Volumes seem going well in sync along the average traded quantity
- Positive trends seen for the Technical Indicators like EMA, MACD, RSI
- Weekly Support at 565 > 500 > 425 with Resistance at 684 > ATH 723.75
- Repeat Bullish Rounding Bottoms with longest been close to 2 1/2 years with Resistance Zone neckline
Natural gas pattern buliish avoid sell trade until 285 break How to take trades using Harmonic pattern projection Trade setup is explained below :-
1st D point : 0% is recent top or bottom.
2nd D Point : 13.5% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 13.5% then early or risky traders can reversal trade ,
Safe traders can wait for 27% levels break
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target
( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also).
T2: 50% level is our 2nd Target
T3: 61.8% to 65 % is our 3rd Target
( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .)
Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%.
161.8 to 165% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Crude trying to make bottom until 6170 not break buy on dipHow to take trades using Harmonic pattern projection Trade setup is explained below :-
1st D point : 0% is recent top or bottom.
2nd D Point : 13.5% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 13.5% then early or risky traders can reversal trade ,
Safe traders can wait for 27% levels break
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target
( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also).
T2: 50% level is our 2nd Target
T3: 61.8% to 65 % is our 3rd Target
( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .)
Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%.
161.8 to 165% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Copper updated levels, looking weak avoid fresh buy Copper book profit at 853 , since gold and silver recovered so copper may also recover book 2 points profit
How to take trades using Harmonic pattern projection Trade setup is explained below :-
1st D point : 0% is recent top or bottom.
2nd D Point : 13.5% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 13.5% then early or risky traders can reversal trade ,
Safe traders can wait for 27% levels break
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target
( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also).
T2: 50% level is our 2nd Target
T3: 61.8% to 65 % is our 3rd Target
( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .)
Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%.
161.8 to 165% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Nifty Intraday Analysis for 06th February 2025NSE:NIFTY
Index closed near 23695 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 165.67 Lakh 23700 Strike – 129.92 Lakh
23800 Strike – 125.83 Lakh
Put Writing
23000 Strike – 130.84 Lakh
23500 Strike – 126.02 Lakh
23200 Strike – 84.29 Lakh
Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24050 - 24100 range.
Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23350 – 23300 range.
Banknifty Intraday Analysis for 06th February 2025NSE:BANKNIFTY
Index closed near 50345 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
51000 Strike – 9.92 Lakh
50000 Strike – 8.14 Lakh 50500 Strike – 6.19 Lakh
Put Writing
49000 Strike – 13.48 Lakh
50000 Strike – 9.89 Lakh
49500 Strike – 6.22 Lakh
Index has resistance near 50700 – 50800 range and if index crosses and sustains above this level then may reach near 51400 – 51500 range.
Index has immediate support near 49700 - 49600 range and if this support is broken then index may tank near 48900 - 48800 range.
Finnifty Intraday Analysis for 06th February 2025NSE:CNXFINANCE
Index closed near 23665 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
23500 Strike – 0.53 Lakh
24000 Strike – 0.50 Lakh
23400 Strike – 0.37 Lakh
Put Writing
23000 Strike – 0.65 Lakh
23500 Strike – 0.39 Lakh
23100 Strike – 0.31 Lakh
Index has resistance near 23750 - 23800 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range.
Index has immediate support near 23500 – 23450 range and if this support is broken then index may tank near 23300 – 23250 range.
Midnifty Intraday Analysis for 06th February 2025NSE:NIFTY_MID_SELECT
Index closed near 12095 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
12500 Strike – 5.04 Lakh
12000 Strike – 4.62 Lakh
12200 Strike – 2.22 Lakh
Put Writing
11800 Strike – 4.05 Lakh
12000 Strike – 3.41 Lakh
12100 Strike – 1.60 Lakh
Index has immediate resistance near 12200 – 12250 range and if index crosses and sustains above this level then may reach 12400 – 12450 range.
Index has immediate support near 11950 – 11900 range and if this support is broken then index may tank near 11800– 11750 range.