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Pivot Points

CAPACITE Long Base BO [Monthly]CAPACITE is a name I have been tracking for a couple of weeks now and its looking good on all 3 i.e. Daily, Weekly and Monthly Charts. Wanted to show the long monthly base so zoomed out for a monthly chart here. Unfortunately won't be able to comment about Relative Strength scores as this scrip is not part of 750 Stock universe I track on google sheets. But following points might be good to know : Market Cap / Revenue is ~1.5 so it doesn't look overly valued YoY Sales and Earnings both have increased, although increment is less than 10%, so won't be overly joyous on that QoQ performance is something I really like 32% sales growth June 2024 vs Jun 2023 & 100%+ earnings growth in the same June 2024 vs June 2023 timeframe. This is generally the catalyst I feel is required FIIs have increased stake in this from 11.1% in March 2024 to 14.4% in June 2024. So we can attribute huge volumes and run up we have seen to FII buying. All in all, it seems a setup I'll try to get in at. Will keep the comments updated as to what my thoughts are on this ahead.
NSE:CAPACITE
by HawkishDove
DCMSHRIRAM Long Base BO [Weekly]DCMSHRIRAM is showing signs of accumulations over the past 50 days and this week tried a long base BO on weekly timeframe. Considering the market conditions right now, a stock giving signs of accumulations is certainly to be taken note off. Tracking this to see some tightness around this BO level and might get into it if a good pattern forms. RS Score has also increased week over week , from 35 to 70 in the last 3 weeks, which is good improvement.
NSE:DCMSHRIRAM
by HawkishDove
CCL near Large Base BO [WEEKLY]CCL has been showing signs of accumulation and its RS score has also improved from 44 in the week of 31st Oct to 69 in last week. So certainly, its gaining strength and in the market we have, its good to keep watchlist updated with such stocks near BO. Even a slight overall better day for Market will be a fuel for movement for such stocks. Will be tracking this to see if it breaks the pivot points with higher than average volumes indicating accumulation.
NSE:CCL
by HawkishDove
UNIUSDT: Are We on the Verge of a Bullish Breakout?Yello, Paradisers! The UNIUSDT chart is shaping up with some bullish signals, but will they lead to the rally we're looking for? Let’s dive into the setup. 💎UNIUSDT is currently displaying a strong bullish market structure, forming an inverse head and shoulders pattern. This classic formation is known for signaling potential trend reversals—if it plays out, it could lead to a notable move upward. 💎If UNIUSDT breaks out and closes a candle above the resistance zone, it will confirm this pattern, significantly increasing the probability of a sustained bullish move. 💎In the event of a pullback, we could see a double-bottom pattern forming around the support zone. For those tracking lower timeframes, it may be wiser to wait for a bullish I-CHoCH, as it could improve the odds in our favor before entering. 💎On the flip side, if price breaks down and closes a candle below the support zone, it would invalidate our bullish scenario. In that case, patience will be key—waiting for better price action and stronger signals will keep us on the right side of the trade. Remember, Paradisers, trading is a game of probabilities, not certainties. Only disciplined traders who can master the art of patience make it far in this market. Stay focused, stay sharp, and trade strategically! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
CENTURYPLY Volume Dry Up Near BOCENTURYPLY has extreme volume dry up over the past 19-20 trading days. Keeping a SL of 4-5% around 795 gives a good entry as the stock has been in accumulation in prior weeks. Sales has taken a good growth of 9%, 10% and 13% in the last 3 QoQ. This is a trend I particularly look for as beating QoQ in last 3 quarters in upwards trend is rare among stocks. Tight SL entries supported with good volume dry up is something new that I am experimenting with so a small SL helps test this hypothesis out. Accumulation helps certainly. Let's see how this plays out...
NSE:CENTURYPLY
by HawkishDove
Gold - Bookish example for Morning/Evening StarA typical example of Morning Star and Evening Star in the same chart. Its a good time to consolidate Gold Evening Star Evening star patterns are associated with the top of a price uptrend, signifying that the uptrend is nearing its end The first day consists of a large white candle signifying a continued rise in prices. The second day consists of a smaller candle that shows a more modest increase in price. The third day shows a large red candle that opens at a price below the previous day and then closes near the middle of the first day Morning Star The Morning Star pattern is a classic bullish reversal pattern in technical analysis. The pattern consists of three candlesticks: two large ones with different directions and a smaller candlestick between them.
TVC:GOLDEducation
by Ashiq996
FEDERALBNK Tightness Near BO [Daily]FEDERALBNK is near a daily timeframe BO with good accumulation. This is one of the banks looking good right now, volume dry up is not ideal to be honest near BO, so the setup might be a bit risky. Tightness is though good near the pivot point so can get in here with a 7-8% SL which will be just under the 50 DMA line. HDFCBANK is also under watchlist as its nearing a large weekly base BO. As of now though, FEDERALBNK is showing strength first to move ahead. RS numbers have improved from 58 to 71 in last 3 weeks. So we are buying improving strengt. Let's see how this goes...
NSE:FEDERALBNK
by HawkishDove
Expectations from Asian Paints post Q2 FY 25Consolidated revenue stands at 8201 crores -5.12 % YOY and -10.13% QOQ Consolidated earning at 693 crores -43 % YOY, -41% QOQ Standalone revenue stands at 7050 crores -6 % YOY and -13% QOQ Standalne earning 602 crores -48 % YOY, -49% QOQ Personal View:: Not thinking of 48% decrease in share price to 1441 from 2772 (the traded price post Q1 FY 25, on 15 july 24). The stock is bearish since sept 16 2024. Expecting 2440-2525 to hold if coming week bearish momentum continue. If open gap down below 2673 , -3.5% from last traded price ,possibility of downside move to 2525-2400 in the coming week
NSE:ASIANPAINT
by Apu_3007
2
HDFCBANK Long Base BO [Weekly]HDFCBANK is finally showing a pattern I like to see in a tough market that too. Its in range of <8% from 50 DMA as well so in case it turns, we can keep that as SL level. Did come in the momentum basket screener last week as well. Among the Pvt sector Banks, ICICI and HDFC are the ones holding in overall market volatility. My guess is HDFCBANK might give good returns if this support is sustained and Nifty improvement kicks in. Its the cycle, when Index recovers, some new scrips take the lead and money flows there.
NSE:HDFCBANK
by HawkishDove