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Parallel Channel

Finnifty - Aug 20Movement was choppy today. 22900 acted as support so far. Patterns seen in chart are channel formation which can be taken as bull flag also. Buy above 23020 with the stop loss of 22980 for the targets 23060, 23120, 23180 and 23240. Sell below 22880 with the stop loss of 22920 for the targets 22840, 22800, 22760, 22720 and 22680. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:FINNIFTY1!
by vanathi
2
Cello Worlds Ltd (Long Trade setup)NSE:CELLO Company Overview: Cello World Ltd Cello World is a leading Indian consumer product company mainly dealing in writing instruments and stationery, molded furniture, consumer housewares, and related products Technical Analysis: Support from Trendline and Rising Channel Formation: Cello World Ltd has shown strong technical patterns, including support from a trendline and a rising channel formation, indicating bullish momentum. Trendline Support: The stock has consistently bounced off a well-defined upward trendline, suggesting strong buying interest at lower levels. Rising Channel Formation: The price movement has been contained within a rising channel, characterized by higher highs and higher lows, which typically signifies a bullish trend continuation. Investment Idea: Buy Setup : Entry: Buy above 900 levels, as this confirms strength in the ongoing uptrend and breaks through potential resistance. Targets: Initial targets are set at 975 and extended targets at 1075, reflecting potential upside based on the current technical setup and market conditions. Stop Loss: Place a stop loss below 870 to manage risk, ensuring protection in case of a reversal or unexpected downturn. Conclusion: Cello World Ltd presents a compelling technical setup with support from a trendline and a rising channel formation, suggesting a bullish outlook. Investors could consider entering the stock above 900 levels, targeting 975 initially and potentially extending gains to 1075, while managing risk with a stop loss at 870. Always consider market conditions and your own risk tolerance before making investment decisions. Thanks & Happy Trading S_Rawat Disclaimer: This idea is shared for educational purposes and should not be interpreted as financial advice. Please conduct your own research and consider your individual financial circumstances before engaging in any trading activity.
NSE:CELLOLong
by S_Rawat
2
Asian Paints - Range Bound StrategyCMP - 3048 TGT - 3582 ⚡️Disclaimer: Any of my posts should not be considered as a Buy/Sell/Hold recommendation. This analysis is for educational and learning purpose only⚡️ Description: A range-bound trading strategy refers to a method in which traders buy at the support zone and sell at the resistance zone for a given stock. If price has bounced back multiple times from support and corrected multiple times from a particular resistance zone, this creates a good range to trade. Typically, traders use range-bound trading in combination with other indicators, such as RSI or MACD
NSE:ASIANPAINT
by Imran_I_Ahmed
Natco Pharma, the road ahead?Its been a journey of parallel channels for Natco Pharma share price and one believes that it will continue to tread within the broad confines of the longer term monthly channel Price has now found the resistance area of the channel which started from the lows of the covid (in blue). However, with the earnings on lenalidomide still some 15-18 months away from reaching peak levels, atleast in volume terms, by that time the street should hear expected positive news on some of the points listed below: - new successful para IV filings and launches from existing tentative or final approved list, - fixing the usfda cloud over kothur formulations plant, - traction on the much anticipated brownfield acquisition, - their CAR T investment growing into something tangible in value terms, - substantial increase in foreign subsidiary business - domestic formulation sales getting boost due to possible semalglutide launch - scaling up of crop health science business therefore looking at the hanging man on WCB I believe that whether for profit booking or geo political or general broader market sentiment it can correct in the immediate shorter term, however, the bullish thesis remains for the fundamental reasons enumerated above.. The first target from here seems to be around 2500 which can be plotted either by box breakout (from 2017 highs) or a rounding bottom (from 2021 highs) or simply the width of the blue parallel channel if and when it breaks out... The principle of polarity suggests that price may not close below the line plotted by taking the highs of 2017 and 2021 (the pink dotted line) this area should be our longer term stop loss and a time to revisit the bullish thesis.
NSE:NATCOPHARMLong
by Rocky_Chow
Bank Nifty Next Move and Possible Reversal Zones. Bank Nifty is in a nice downtrend, and we feel it's forming a "WXYXZ" wave pattern.  Ichimoku Signals: One hour Cloud SSB rejected the price and currently trading below TS KS, indicating the bearish trend will continue and go down for wave Z, and expected destinations are: 127.2% == 49342 161.8% == 48935 Stop Loss = One hour candle above TS KS (50573) should be fine.  Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:BANKNIFTYShort
by WaveMoku
Finnifty - Aug 13Price is moving inside a channel and now it is at the lower trend line of the channel(support). And 23000 is an important zone. Buy above 23080 with the stop loss of 23030 for the targets 23120, 23160, 23220 and 23280. Sell below 22980 with the stop loss of 23020 for the targets 22940, 22900, 22860, 22830 and 22780. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:FINNIFTY1!
by vanathi
2
Neat & Clean Breakout seen after 7 Years in Gulf Oil Lubricants.Hello Everyone i hope you all will be doing good in your Trading and your life as well. I have brought a stock which has given a long consolidation period breakout with huge volume spike on chart. Stock name is Gulf Oil Lubricants Ltd , and it is engaged in the business of manufacturing, marketing and trading of automotive and non-automotive lubricants. It is among the top three lubricant companies in India among private players. Distribution Network The company's distribution network is spread across 80,000+ touchpoints, 300+ auto distributors, ~1,000 Gulf rural stockists, ~70 Industrial distributors, ~7,600 Gulf bike stops, ~2,600 Gulf car stops, 30+ Depots, ~12,500 Retail touchpoints for Battery and ~430 Battery service points. It has 500+ B2B Customers and 750+ infra-mining fleet customers. Market Position The Co is the second biggest brand in India and among the top 3 players among private sector players in the Indian Lubricant industry. It also commands a Top 5 share in the 2-wheeler battery replacement segment. Technical Terms Stock is Trading Above 200-DEMA MACD is giving Bullish crossover (Note:- I have not placed on chart but i have done analysis) Good Volume spike seen on Breakout. This is one of the best stock to hold for long term. Company has been maintaining a healthy dividend payout of 40.7%. Company's working capital requirements have reduced from 68.7 days to 54.6 days. Short term to Medium Term Targets i have already Placed on chart. In long Term stock has potential to give more than 1000% returns if someone hold this 8-10 years from here. Market Cap ₹ 6,081 Cr. Current Price ₹ 1,236 High / Low ₹ 1,349 / 521 Stock P/E 18.6 Book Value ₹ 263 Dividend Yield 2.91 % ROCE 27.4 % ROE 24.9 % Face Value ₹ 2.00 Industry PE 41.9 Debt ₹ 358 Cr. EPS ₹ 66.7 Promoter holding 71.8 % Intrinsic Value ₹ 897 Pledged percentage 0.00 % EVEBITDA 11.2 Change in Prom Hold -0.04 % Profit Var 5Yrs 11.6 % Sales growth 5Years 14.0 % Return over 5years 8.02 % Debt to equity 0.28 Net profit ₹ 328 Cr. ROE 5Yr 24.0 % Profit growth 33.7 % Earnings yield 8.12 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:GULFOILLUBLong
by TraderRahulPal
8