Pennant
JUBLPHARMA - standing strong amongst crisisJubilant Pharmova Limited (JUBLPHAram) is a prominent player in the pharmaceutical and life sciences industry. Here's a bird's eye view of its fundamentals:
### **Company Overview**
- **Industry**: Pharmaceuticals and Life Sciences
- **Headquarters**: Noida, India
- **Key Segments**: Pharmaceuticals, Contract Research and Manufacturing Services (CRAMS), and Proprietary Novel Drugs
### **Financial Performance**
- **Revenue**: The company has shown consistent revenue growth over the past few years, driven by its diversified business segments.
- **Profitability**: Jubilant Pharmova has maintained a healthy profit margin, supported by its strong operational efficiency and cost management.
- **Debt**: The company has a manageable debt level, with a focus on maintaining a balanced capital structure.
### **Key Strengths**
- **Diversified Portfolio**: The company operates in multiple segments, reducing dependency on any single revenue stream.
- **Global Presence**: Jubilant Pharmova has a significant international footprint, with operations in several countries.
- **Innovation**: Strong focus on R&D, leading to a robust pipeline of new products and services.
### **Challenges**
- **Regulatory Risks**: Being in the pharmaceutical industry, the company faces stringent regulatory requirements.
- **Market Competition**: The industry is highly competitive, with numerous players vying for market share.
### **Future Outlook**
- **Growth Opportunities**: Expansion in emerging markets and continued investment in R&D are expected to drive future growth.
- **Strategic Initiatives**: The company is focusing on strategic partnerships and acquisitions to enhance its market position.
BRITANNIA -Bullish Pennant Breakout -DailyBRITANNIA -Bullish Pennant Breakout: Daily
Name - BRITANNIA
Pattern - Bullish Pennant
Timeframe - Daily
Status - Breakout
Volume - Good
Cmp - 5922
Target - 6400
SL - 5865
Pattern : Bullish pennant
A bullish pennant pattern is a pattern in technical analysis that signals a bullish trend continuation after a brief market price consolidation during an already established price uptrend. A bullish pennant is a bullish continuation pattern and not a reversal pattern. A bullish pennant's alternative name is a "rising pennant pattern".
Here are some key fundamental ratios and metrics for Britannia Industries Ltd.:
Key Financial Ratios:
Price to Earnings (P/E) Ratio: 63.48
Price to Book (P/B) Ratio: 40.39
Return on Equity (ROE): 76.04% (FY 2023)
Return on Capital Employed (ROCE): 55.50% (FY 2023)
Debt to Equity Ratio: 0.56
Net Profit Margin: 11.5%
Operating Profit Margin: 15.3%
Earnings Per Share (EPS): ₹83.45
Financial Highlights:
Market Capitalization: ₹1,00,000 crore
Revenue Growth (YoY): 13.2%
Dividend Yield: 1.5%
These metrics provide a snapshot of Britannia Industries Ltd.'s financial health and performance.
ElectroSteel Casting - Double Bottom & Rectangle BreakoutElectroSteel Casting has given a double bottom and Rectangular breakout and re-tested as well. We can see price moving towards 285-300. Other factors:
1. Best TTM profits
2. FIIs & Promoters increasing stake
3. RSI will improve
4. There is a pennant / triangular breakout as well
Right Stock at Right Time at Right Price by Cleaneasycharts!!
Cheers!!!
Finnifty - Aug 9Price was falling and has formed bearish pennant/triangle pattern. 22800 zone is important to decide the trend direction.
Buy above 22920 with the stop loss of 22880 for the targets 22960, 23000, 23080 and 23120.
Sell below 22820 with the stop loss of 22860 for the targets 22780, 22720, 22660, 22600 and 22520.
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.
IOC on a breakout IOC looking good for a short term
Consolidating for Long.
Volumes are also picking up.
Very Strong on Weekly Charts, Just a small concern is RSI is in overbought Zone and seem like it can retest also, there is a small resistance at 179 also.
Note: I am not a Financial Advisor. Your money, your profit/loss. :-):-)
Just posted the idea as it seems good and people can analysis of it's own before taking any trade.
Happy Investing 🙂🙂
Godrej Properties - Cup & Handle and Pennant Breakout Godrej Properties is making a head and shoulder in a large time frame (consolidation) for a target of 4000+. For a short-term it has broken pennant pattern for a target of 3000+. Other factors:
1. RSI will be improving
2. MACD is becoming positive
3. Double pattern formation
"Clear Charts, Easy Charts"
Learning & Earning !!!
Cheers!!
ICICI Bank: A Lucrative Triangle Breakout for Swing TradersTraders, a golden opportunity unfolds as ICICI Bank exhibits a compelling triangle breakout, marking a significant turn for those eyeing short-term gains. This technical pattern, a harbinger of potential upward momentum, invites us to dive deeper and explore the swing trading prospects it presents.
Key Observations:
Breakout Confirmation: The breakout is validated by a surge in trading volume, an essential indicator of the strength behind the move.
Support and Resistance Levels: Post-breakout, the previous resistance level of the triangle now serves as a strong support zone. Swing traders should monitor these levels for potential entry and exit points.
Swing Trading Strategy:
Entry Point: Consider entering close to the breakout point, ensuring the move is backed by substantial volume.
Stop Loss: To manage risk effectively, place a stop loss just below the newly formed support level, minimizing potential losses if the trend reverses.
Profit Targets: Set initial profit targets at the next significant resistance level, with the option to adjust based on the strength of the market's momentum.
Reliance - Pennant Breakout and ATH breakout !!!!Reliance has given a Pennant Breakout with volumes. We can see price moving towards 3800+. Other factors:
1. RSI is above 6o on weekly basis
2. MACD is becoming +ive on higher time frame
3. ATH breakout
4. Volumes is steady
"Clean Charts, Easy Charts"
Learning & Earning !!!
Cheers!!
USDT.D FORMED BEARISH PENNET HUGE CRYPTO BULLUSDT.D has formed a bullish pennant pattern, and the daily RSI is in the overbought area. At the same time, the weekly RSI trendline has been rejected. This indicates a likely decline for USDT.D, giving the crypto market a chance to move upwards—a bullish sign for BTC and crypto. 🚀📈
#USDT.D #Crypto #CryptoMarket #BullishPennant #RSI #Overbought #MarketAnalysis #CryptoTrading #Bitcoin #BTC #Altcoins #Bullish #CryptoInvesting #TechnicalAnalysis #CryptoSignals
HUGE BULLISH SIGNAL FLASING FOR BITCOINHey friends! Today, I've got an exciting idea about BTC. On the weekly time frame, BTC has clearly formed a bullish pennant pattern. If you observe the daily RSI, it has reached the oversold area, sweeping all liquidity from the market. The weekly RSI is also around the 50 level, indicating a potential bounce with hidden bullish divergence. This suggests a strong upward movement with a target of $106k! 🚀💰
#BTC #Bitcoin #Crypto #BullishPennant #RSI #HiddenBullishDivergence #CryptoTrading #TechnicalAnalysis #CryptoInvesting #MarketUpdate #CryptoMarket #BullRun #BTCto106k
Bullish Pennant Breakout: Retest Targets $1,000 MilestoneBinance Coin ( CRYPTOCAP:BNB ) has recently formed a bullish pennant pattern, suggesting a strong potential for upward movement. This technical formation, characterized by converging trend lines following a significant price increase, indicates that the market is consolidating before potentially continuing its upward trend.
The breakout from this bullish pennant has been accompanied by substantial trading volume, reinforcing the likelihood of a sustained move higher. With the retest of the breakout level successfully holding, the technical outlook is bullish, pointing to a potential target of $1,000. Achieving this target would represent a significant 68% return from the current price level, offering a promising opportunity for traders and investors.
Key factors to watch include the continuation of high trading volume and maintaining the breakout level support, which will be crucial in confirming the strength of this bullish move towards the $1,000 target.
DLF - 3 in 1Patterns I see in the chart are 1. Symmetrical triangle 2. Bull pennant 3. Bull flag. I like symmetrical triangle as it has the chance of moving the price up or down.
Resistance is seen at 880 zone. Support is seen at 860 zone. So price has the opportunity to move within 860 to 880 and form a range.
Buy above 874 with the stop loss of 868 for the targets 879, 884, 890 and 898.
Sell below 858 with the stop loss of 864 for the targets 852, 846, 840 and 832.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Bullish Pennant Pattern Good volume buildup in daily and weekly timeframe.
Bullish pennant breakout with volume buildup.
Election result also has impact in this breakout. Let see whether the breakout sustains of not.
If the current candle high gets broken can give opportunity.
NOTE: I do my analysis do your before trade.
ETH : 3 important patterns detectedETH : 3 important patterns detected
On the decline :
1- Rising Wedge The price can go lower to 56 000$
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On the rise :
2- Falling Wedge : The price can rise to 4 144 $
3- Bullish Pennnat : The price can reach 4 892 $
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To monitor :
- EMA.50 and EMA.200
- ICHIMOKU levels : Tenkan and Kijun