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Parallelchanel

ARVIND - Bouncing From Parallel Channel SupportARVIND has been trading in parallel channel since may 2024 and now it has formed morning star pattern at the support of parallel channel. We can expect an upside move from here and if volume support the upside price then we can also expect the breakout of the range. As per the current setup, we can expect 420, 435 and 450 levels in few days. Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
NSE:ARVINDLong
by Profit_Trader25
Jubilant Foodworks Ltd. | Technical Analysis and Entry StrategyJubilant Foodworks Ltd. , a prominent player in the food service industry, has recently exhibited a positive upward parallel channel pattern in its stock price movement. This pattern suggests a potential bullish trend, with the stock consistently finding support at the lower boundary of the channel. Fundamental Overview: Jubilant Foodworks Limited is a leading player in the Indian food services industry, primarily known for its flagship brand Domino's Pizza. The company has demonstrated consistent growth and market dominance, driven by its strong brand presence, strategic expansion, and a focus on delivering quality products. Key Technical Levels: Entry Condition: We are looking for the price to close above the crucial level of 513. Trade Trigger: Upon the successful close above 513, a long entry can be considered. Entry Action: Look to buy above today's high following a close above 513. Stop-Loss Placement: Refer to the stop-loss level mentioned on the chart to manage downside risk effectively.
NSE:JUBLFOODLong
by iamrk7
1
Breakout in RVNL 📌SWING TRADE FOR NEXT WEEK🚀 Hello guys, I am a swing trader by passion i only trade on swing stocks. 📌I post daily SWING CHARTS analysis on my trading view profile.. so let's start 📌TRADE ANALYSIS OF RVNL:- •Potential Breakout Chart •Darvas Box+Parlell chanel Type Pattern •Strong Bullish Momentum •Overall Trading In a HH-HL Formation •Trading Near ATH Levels •Good Retest From The Demand Zone+EMA •Decent To Flattish Volumes Near The Breakout Zone But Should Rise Post Breakout •Looks Good For 10-20-30% Upside Levels After The Breakout. 📌 Add on your watchlist.... 📌 If you have any questions about any stock you can DM me Or comment on post 📱 📌Disclaimer:- This all chatrs analysis are only for educational purposes only I do not provide any CALL or Tips
NSE:RVNLLong
by UnknownUnicorn31634885
A remarkable breakout in Escorts KubotaWelcome back! This time, we will analyze our third breakout stock, which is Escorts Kubota. Chart is Pretty self-Explanatory so we are going keep it short. Here are some pointers. >>Escorts has spent the past two years consolidating within a bullish parallel channel. >>Today, it experienced a notable breakout, suggesting potential for a substantial upward movement. >> In terms of fundamentals, the company is achieving its highest-ever sales and profits. >>Also the promoters have doubled their holdings, and both FII and DII participation is increasing. These factors point to a promising outlook for this stock. Entry & Targets- >>If this breakout candle sustains above the line quite well in the 1-day time frame, we can consider purchasing this stock. >>We will place our stop loss below the breakout candle at the 2500 level. >>Considering the promising growth, we can take a long position in this stock. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Please note I am not SEBI registered. Do your own research before investing.
NSE:ESCORTSLong
by BullishLine
2
Bajaj Auto - Ascending Channel An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs. Ascending Channels: How to Trade This Technical Pattern Ascending channels are a common technical pattern that can be used to trade stocks, currencies, and other financial instruments. This pattern is characterized by two parallel lines, with the upper line representing resistance and the lower line representing support. Traders can use ascending channels in a number of ways. One popular strategy is to buy a stock when it reaches the lower trend line and sell when it nears the upper trend line. This strategy can be used to ride the uptrend in a stock's price. Another way to trade ascending channels is to look for breakouts. When a stock's price breaks above the upper trend line, this is a sign that the uptrend is accelerating. Traders can buy a stock at this point and ride the breakout to even higher prices. Conversely, when a stock's price breaks below the lower trend line, this is a sign that the uptrend is losing momentum. Traders can short a stock at this point and profit from the decline in price. There are a few things to keep in mind when trading ascending channels. First, it is important to use other technical indicators to confirm the pattern. For example, traders could look for an increase in volume or a breakout on higher time frame charts. Second, it is important to manage risk. When trading ascending channels, traders should use a stop-loss order to protect their profits. This order will sell a stock if the price falls below a certain level, preventing further losses. Finally, it is important to be patient when trading ascending channels. This pattern can take time to develop, so traders should not expect to get rich quick. Bajaj Auto Limited is an Indian multinational automotive manufacturing company based in Pune. It manufactures motorcycles, scooters and auto rickshaws. Bajaj Auto is a part of the Bajaj Group. It was founded by Jamnalal Bajaj in Rajasthan in the 1940s
NSE:BAJAJ_AUTO
by piyushbafna000
#SHORTTERM #SWING #NSE ROLEXRINGRolex Rings is a leading manufacturer of forged and machined components, one of the top 5 forging companies in India and is also a Global supplier of hot rolled forged, machined bearing rings and automotive components for various segments of vehicles, Industrial Machinery, Wind Turbines and Railways. It derives nearly 54% of its revenue from bearing rings and 38% from automotive components. Exports contributed 46% of the revenue of the company. Top 10 customers accounted for 80% revenue of the company. The company is not planning any major CAPEX till FY25. They will be focusing on enhancing their revenue by increasing the forging utilization to 60% and machining capacity to 85% in the near future. Market Cap: 5,580 Cr. P/E 29.2 ROCE 31.3 % ROE 28.9 % Debt to equity 0.27 OPM 22.3 % Promoter holding 57.6 % Pledged 0 % EPS 70
NSE:ROLEXRINGSLong
by CannySunny
VARDHMAN STEEL is SPECIAL !Market Cap 1,111 Cr. Promoter holding 60.8 % Pledged 0% Dividend Yield 1.25 % Intrinsic Value 483 Stock P/E 10.4 Industry P/E 18.2 Debt to equity 0.26 ROCE 25.7 % ROE 19.8 % OPM 9.74 % EBIDT growth 3Years 42.9 % Free Cash Flow 24.2 Cr. EPS 26.4 vs EPS last year 24.8 vs EPS preceding year 10.9 Vardhman Special Steels is engaged in manufacturing of Billets, Steel bars & Rods and Bright Bars of various categories of special and alloy steels since 1973 which caters to sectors such as Engineering, Automotive, Tractor, Bearing and Allied Industries. The Co is amongst India’s Leading Steel Bar Producers for Automotive Applications. The Co. has the capacity to manufacture 2 lakh TPA of steel billets and also 2 lakh TPA of steel rolled products. It has received approval from the Ministry of Environment for expanding its rolled-products capacity from 2 lakh TPA to 2.80 lakh TPA. The Co. invested Rs. 35 crore in capital expenditure in its unit. The most important among them was the modifications made to the Continuous Casting Machine (CCM) which has increased its melting capacity from 2 lakh TPA to 2.60 lakh TPA The Co. sold 1.7 lakh tonnes in FY22 against 1.5 lakh tonnes in FY21. The Co. has strong relations with 200+ customers like Toyota, Hero Moto Corp, Caterpillar, Hino Motors, Maruti, Bajaj, and Hyundai, among others. Its top 5 clients contribute about 30% of total revenue and about 70-75% of the contribution coming from passenger vehicles and two-wheelers.The Co also caters to international customers and has a presence in countries like Thailand, Taiwan, Turkey, Russia, Germany and Spain.In FY22, 5% of total sales came from exports.
NSE:VSSLLong
by CannySunny