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Parallel Channel

SAFARI- Box or Consolidation BO with very good volumeSAFARI- Box or Consolidation BO with very good volume Name - SAFARI Pattern - Box or Consolidation Timeframe - Wkly Status - Breakout with very good volume Cmp - 2476 Target - 2945 SL - 2314 Pattern : A box pattern in technical analysis is a chart pattern that indicates a period of consolidation where the price moves within a defined range, forming a rectangular shape. Fundamentals: Here are some key financial ratios for Safari Industries Limited: Price-to-Earnings (PE) Ratio: 96.61 Price-to-Book (P/B) Ratio: 13.92 Debt-to-Equity Ratio: 0.093 Return on Equity (ROE): 25.8%2 Net Profit Margin: 9.87%1 Revenue Growth (5-Year CAGR): 44.7%2 These ratios indicate Safari Industries’ valuation, profitability, and financial health. The company has a relatively high PE ratio, suggesting it is valued at a premium compared to its earnings. The low debt-to-equity ratio indicates a conservative approach to leverage, and the strong ROE reflects efficient use of equity.
NSE:SAFARILong
by VCharts_TA
RADICO - Box or Consolidation BO with very good volumeRADICO - Box or Consolidation BO with very good volume Name - RADICO Pattern - Box or Consolidation Timeframe - Daily Status - Breakout with very good volume Cmp - 1942 Target - 2340 SL - 1882 Pattern : A box pattern in technical analysis is a chart pattern that indicates a period of consolidation where the price moves within a defined range, forming a rectangular shape. Fundamentals: Here are some key financial ratios for Radico Khaitan Limited: Price-to-Earnings (PE) Ratio: 96.61 Price-to-Book (P/B) Ratio: 10.062 Debt-to-Equity Ratio: 0.091 Return on Equity (ROE): 11.3%1 Net Profit Margin: 6.81%3 Enterprise Value to EBITDA: 25.793 These ratios indicate Radico Khaitan’s valuation, profitability, and financial health. The company has a relatively high PE ratio, suggesting it is valued at a premium compared to its earnings. The low debt-to-equity ratio indicates a conservative approach to leverage.
NSE:RADICOLong
by VCharts_TA
Balaji Amines - Long Term Channel - Potential breakout ahead?Balaji Amines Ltd (NSE: BALAMINES) has been moving within a well-defined ascending channel on the monthly chart. The stock has shown consistent growth, respecting both the upper and lower boundaries of this channel. The stock has been trading within this ascending channel for over a decade. Recently, it has tested the lower boundary and seems to be gearing up for another upward move. Watch for a confirmed breakout above the trendline shown. The upward trajectory in the channel suggests that the long-term trend remains bullish, but caution is advised if the support at the bottom of the channel fails. If the price breaks out above the upper trend line, it could signal the start of another impulse wave, potentially testing the upper boundary of the ascending channel. Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
NSE:BALAMINESLong
by gurinder1988
National Alumimum : Showing Bullish Momentum.Price Action: 1. Trend Channel:The price is moving within an ascending channel, with multiple touches on both the upper and lower trendlines, indicating the price respects these levels. 2. Bullish Divergence:** A bullish divergence is visible as the price forms lower lows while the RSI forms higher lows. This suggests a potential reversal or upward momentum. 3. Current Price:The price is currently at ₹181.98, bouncing off a lower support level with a strong move upward of 5.09% on the day. Volume Analysis: Volume Spikes:** Noticeable spikes in volume indicate significant buying interest, particularly near the support level of the channel, which reinforces the potential for a reversal. RSI Analysis: Bullish Divergence: As highlighted, the RSI is showing a bullish divergence, where the RSI formed higher lows while the price formed lower lows, indicating waning selling pressure and a likely reversal. Current RSI Level The RSI has crossed above 50, indicating strengthening bullish momentum. Outlook: Bullish: Given the bullish divergence, upward price movement, and strengthening RSI, the stock may continue moving upward, potentially targeting the upper boundary of the ascending channel. Key Levels: The next resistance could be near the recent high around ₹200, while support remains at the lower boundary of the channel. Conclusion: This chart suggests a bullish outlook in the short to medium term, supported by a breakout from the bullish divergence, rising RSI, and positive price action within the ascending channel.
NSE:NATIONALUMLong
by brijmohan_h
KOLTEPATIL AT DAILY DEMAND ZONEKOLTEPATIL (KOLTE-PATIL DEVELOPMENT) About the company The company has been creating landmarks for over 3 decades and has developed and constructed over 50 projects including residential complexes, commercial complexes and IT Parks covering a saleable area of ~20 million square feet across Pune, Mumbai and Bengaluru. Kolte-Patil is a trusted name with an established reputation for high quality standards, design uniqueness and transparency. Stock is at Daily Demand Zone Look At the chart👇👇 Trade Setup- LTP 429 any dip upto 400 can be bought For targets🎯 457 / 483 / 505 / 521++ Above 525 it would be a breakout..... Breakout Targets🎯 555 / 581 / 600 / 625+++ WEEKLY SUPPORT 380---370 Tecnical Analysis... 1) Formation in progress of..Falling Wedge pattern on Daily Charts... 2) Volume addition 3) At good and strong numbers 4) Daily and Weekly Support Regards... Harm⭕️nics4Life 17/07/2024 Disclaimer & Risk Warning I am not sebi registered analyst. My studies shared here are for educational purposes .. Do Consult Your Financial advisor Before Taking any Trade.....Good Luck!
NSE:KOLTEPATILLong
by Harmonics4Life
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
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