Samvrdhna Mthrsn Intl Ltd near ATH Daily TimeframeSamvrdhna Mthrsn Intl Ltd Gave a good breakout of bullish pennant chart pattern and is now testing its all time high
A Good Daily Closing above 210 levels can bring further upside momentum in the stock with possible targets ~232 ~262 and ~296
Intial SL will be prev swing low i.e 199.4
Do Wait For Daily Candle Close
Pennantpattern
Ethereum Long Term Analysis!Ethereum Long Term Analysis!
Ethereum Monthly Analysis!
Bearish Pennant PAttern formation in Ethereum on Monthy Timeframe!
If price breaks and closes below trendline support we can see further downmove in Ethereum
Ethereum is forming Bearish Pennant pattern. We can see a sharp downmove in Ethereum from 1 dec 2021 after that price is moving in that way like it is forming a Triangle. So the pattern is established. Many of us won't believe for a Ethereum to move this much downward upto 456.75USD. But it's all about Technical Analysis and Pattern identification. I have identified this pattern on Monthly Timeframe. This is how we identify pattern on various timeframe. Greater the timeframe more reliable it would be, So i have done my analysis on Monthly timeframe to predict long term move of an Ethereum. Crypto is very uncertain instrument so we can't imagine how it will move, right? But this is how we perform technical analysis! That's all i have to say!
The downward possible target for an Ethereum is 456.75 USD!
SBIN Swing for 30 days**Technical Analysis for State Bank of India (SBIN):**
**Stock Symbol:** SBIN
**Timeframe:** 1-Day (1D)
**Pattern:** Bullish Pennant
**Entry Condition:**
If the 1-day candle closes above ₹653.
**Stop Loss:**
Set a stop-loss at ₹631 to manage potential risks.
**Target Prices:**
1. First Target: ₹700
2. Second Target: ₹720
**Trade Duration:**
Short-term swing trade with an expected target completion within a month.
**Disclaimer:**
The provided analysis is based on technical indicators and patterns observed in the market. Trading in stocks involves risks, and past performance is not indicative of future results. It is important to conduct thorough research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. The mentioned entry and exit points are suggestions and not guaranteed outcomes. The market is subject to change, and unforeseen events may impact stock prices. The user is solely responsible for their investment decisions.
Expecting Fireworks in Eclerx to go Berserk !
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.5%
- Annual Revenue rose 24.2%, in the last year to Rs 2,713.8 Crores. Its sector's average revenue growth for the last fiscal year was 21.8%.
- Annual Net Profit rose 17.1% in the last year to Rs 488.8 Crores. Its sector's average net profit growth for the last fiscal year was -5.1%.
- Quarterly Revenue rose 17.1% YoY to Rs 698.2 Crores. Its sector's average revenue growth YoY for the quarter was 12.4%.
- Quarterly Net profit rose 11.6% YoY to Rs 132.5 Crores. Its sector's average net profit growth YoY for the quarter was -11.1%.
- PE Ratio is 17.3 < Sector PE ratio of 58.
- FII Holding decreased -0.02 %
- DII Holding increased 0.70 %
EClerx Services Ltd is engaged in providing Knowledge Process Outsourcing (“KPO”) services to global companies. The Company provides data management, analytics solutions and process outsourcing services to a host of global clients through a network of multiple locations in India, and abroad.
SUZLON: Swing Breakout IdeaSUZLON again took support this week over the rising trendline which it has been respecting from over 7 months since it began its wonderful breakout. The descending resistance line was also broken out today. Pennant formation. The swing breakout also sent price above 10 and 20 EMA and a crossover was avoided. RSI again crossed over 60 and yesterday was 5% upper circuit. It might continue its upward journey if it crosses the 27 high.
TRB under Bearish Pennant Pattern#TRB 1hr. Chart Analysis
After Bullish Growth and Manupulation by Whalers in TRB Since 25th to 28th Sept. from $25 to $67, just 2.5x in just 3-days, it's HYIP is finished yet and moving towards downtrend again as a Correction chart into Bearish #Pennant Pattern.
It's Very big chances to break-out this pattern into next 24-hrs., minimum upto $38-40 and as per pattern maximum upto $28-30 also.
Lets see, where it goes and how manupulators watching it again.
Always #DYOR before investing into those type of highly Volatile #Crypto projects and Trade wisely by using of #StopLoss. Its just a #NFA.
Also,
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SOLANA - Bullish Pennant Pattern#Solana 4hr. Chart Analysis
As per present movement of CRYPTOCAP:SOL into Bullish Pennant Pattern, Sonn it will be cross out last target of $32 and set new mark of $35-37 this time before take another downtrend cycle towards $30k again in this month,
At present volatile situations, Whalers trying to manipulation on market, so that if market goes in Dump-Pump conditions again, then charts pattern and time will be change, but price will be up and down at this same pattern style.
Always #DYOR & Trade with using of #StopLoss
MUST SHARE, LIKE & COMMENTS on it..
Don't Dread ! Spread the Thread in Polymed ! Looks good Ahead !Poly Medicure Limited is an India-based manufacturer and top exporter of plastic medical disposables/ surgical Items with a portfolio of over 130 SKUs of disposable medical devices across 9 different product verticals.
Distribution Network
The company has a pan-India distribution network with over 260 distributors. It has reach to over 5,000 private and government hospitals and nursing homes across India. The company exports its products to over 110 countries. It earns 30% of revenues through domestic sales and the rest 70% through exports.
It derives major growth in exports from European Subcontinent.
Manufacturing Capabilities
The company owns and operates 8 manufacturing facilities across world. It owns 5 facilities in India, 1 each in China, Egypt and Italy.
The facility located in Egypt is owned by company's associate (ULTRAMED) wherein the company holds 23% economic interest.
R & D
The company operates its only R&D facility from Faridabad, India. The company has planned to expand its manufacturing facilities in Faridabad and Jaipur which are set to be ready by 2020 and 2021 respectively. Expansion includes manufacture of new products and capacity additions in its facilities.
It has over 300 patents to its name with 190+ pending applications.
It spent ~12 crores (2% of revenues) towards R&D in FY20 as compared to 10 crores in FY19
BITCOIN 15min. Chart at Pennant PatternBITCOIN 15 min. Chart Analysis
As per scenario, BTC movement of Yesterday & Today running under Pennant Pattern into 15 minute chart which is max. valid for 24-72 hrs. at previous Pennant it moves perfectly and as per second Pennant , if it will be moves accurate than, major chances it will reverse from $31.85k around and starts their Downtrend cycle very fast in DUMP situation.
While, as per FIB extension pattern, if it will be reverse around $32k, its Lower-Low last cut-off is $27.5k to $26.5k
Always #DYOR and Trade wisely by using #StopLoss at this situations.
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GMM Pfaudler LtdMarket Cap 8,746 Cr.
Promoter holding 56.1 %
Pledged percentage 4.38 %
Dividend Yield 0.21 %
Debt to equity 1.34
Stock P/E 55.6
Industry PE 22
ROCE 14.3 %
ROE 16.1 %
OPM 13 %
Free Cash Flow 108 Cr.
EPS (YoY) 35.5 vs 19.4 vs 16.7
GMM Pfaudler manufactures corrosion resistant glass-lined equipment's. It is a leading supplier of process equipment's to the pharmaceutical and chemical industries
GMM Pfaudler (GMM) is the market leader of glass lined equipment's in India with over 50% market share.
It faces intense competition in the small vessel segment from other domestic players. However, the group has a near monopoly in large vessel (with capacities over 16,000 litre) segment.
For FY22, Revenue from
Technologies accounted for 58%
Systems(27%)
Services(15%)
Exports accounted for 72% of the revenue, while domestic accounted for 28%
Pfaudler S.r.l., Italy has completed the acquisition of Hydro Air Research Italia S.r.l. on August 3, 2022.
SAKTHI SUGARFundamentally there is nothing encouraging here however, purely on technical basis, this stock seems to be ready for a big move.
RSI breakout is an early indication, and the relative strength of the stock seems to be in a very sweet spot.
A triple bottom is adding confidence to this Low-Risk High Reward setup.
SYNGENE: Ready to Enter the trenchNSE:SYNGENE is showing an interesting pattern.
Not an intraday counter. The interesting point is: it has a channel. The price falls below the channel. But now entering the channel with momentum itching towards 50 (RSI) and volume just picked up the 20 VWMA.
Keep it in WL. The potential price-action path is also shown in purple arrows.
IRCTC - INVERSE HEAD AND SHOULDERIRCTC formed a inverse Head & Shoulder pattern in D1 time frame and gave a breakout with good volumes. After breakout it's in consolidation phase and thus formed a flag and pennant pattern in H1 timeframe. High probability setup will be breakout of flag and pennant in bullish direction. Try to Avoid bearish direction.
Disclaimer :- I'm not a SEBI registered analyst. This all are my personal views and not a recommendation. It's only for educational purpose.
Do your own analysis before investing.
Mphasis Pennant Pattern Breakout!A Pennant Pattern Is A Continuation Chart Pattern, Seen When A Security Experiences A Large Upward Or Downward Movement, Followed By A Brief Consolidation, Before Continuing To Move In The Same Direction.
Buy Above ~ 2270, Wait For 15 Minutes Closing Basis With Stop ~ 2190, Target ~ 2380, 2550 Short Term Trade Setup.