"Beautiful Breakout in ESAB India: Unlocking Potential.Welcome back again. Today we will discuss about ESAB INDIA.
>>Esab India was consolidating in rectangle channel pattern for 20 months. two weeks back it has given a breakout and retraced till its BZ.
>>Again last week it has took support from crucial pivot point and bounced back with a good healthy green candle along with good momentum.
>>Today this stock seems to continuing its bullish trend while overall market is being bearish. We can see from chart its consolidation phase was fairly long, so, we can anticipate a big run up from here.
>>Now talking about its fundamentals, ESAB India Ltd is a leading supplier of welding and cutting products in India with the market cap of 7,849cr. Take a look Some financial pointers of this stock-
*The company is debt-free.
*ROCE (Return on Capital Employed) is at an all-time high of 71%.
*Earnings show strong potential for future growth.
*The PE (Price-to-Earnings) ratio is currently at 51.
*Historically, the PE ratio has been at a higher level (66) for the past two years.
*Given the past PE levels, the current PE of 51 appears reasonable and undervalued.
*Considering these factors, it's a potential candidate for long-term investment.
If you do not have a long vision in this stock then do utilize your Risk-Reward Ratio based on Your Risk Appetite. Level of 4500 stop loss makes lot of sense in this one.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Please note I am not SEBI registered. Do your own research before investing.
Pivot Points
7th August Bank NiftyElliot wave. Bold/Experimental idea. You can try shorting (buying in the money PE) with 1-2 lots using the correct Pivot as per your intuition. Once BNf goes down below Pivot 4, a put option can give you 100 points profit in terms of option premium.
If BNf goes above Pivot 1, the Elliot wave does not hold true. 5th wave wont happen with proper momentum.
#BANKNIFTY… Looking good for this level#BANKNIFTY...
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a good movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
Panacea Biotec will repete the History ?Support and resistance levels: The key support levels are 107.81 The key resistance levels are 134.5.
stock has crossed the 50 day moving average on weekly chart.
first target 178.78 then we will move forward.
Disclaimer:
This is not investment advice. Please do your own research before making any investment decisions
TVS Motor Stock Support and ResistanceUsing the Volume Profile Indicator to Find Support and Resistance in TVS Motor Stock
The volume profile indicator is a technical analysis tool that can be used to identify support and resistance levels. In this article, we will use the volume profile indicator to analyze the TVS Motor stock on the daily chart. We will identify the high volume nodes on the volume profile and consider these price levels as potential support and resistance levels. We will also provide some additional tips for using the volume profile indicator to find support and resistance.
Here are the steps on how to use the volume profile indicator to find support and resistance:
Add the volume profile indicator to your chart. The volume profile indicator will plot a histogram on the chart, with each bar representing the volume traded at a specific price level.
Identify the high volume nodes on the volume profile. These are the price levels where the most volume was traded.
Consider these high volume nodes as potential support and resistance levels.
Here is an analysis of the TVS Motor stock on the daily chart using the volume profile indicator:
The high volume nodes on the volume profile for TVS Motor are at 1298.50, 1327.45,1341.50 and 1367.40
These price levels are potential support and resistance levels for TVS Motor.
MEDPLUS Episodic Pivot Trade IdeaMEDPLUS had an episodic pivot and gave a good retracement near its previous support and now is clearly respecting its 50 day moving average which is a clear indicator of strength in the scrip. Good opportunity to go long.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
BankNifty Trading Levels for 18th July 2023BankNifty Trading Levels - Resistance and Support
NSE:BANKNIFTY
Closing Price - 45449.75
Major Resistance - 46311
Neutral Zone - 45250 to 45650
Major Support - 44588
These levels are very rarely break and if it breaks in first 15 min and continues than we can see big move that day whichever side it breaks.
NOTE- This is only for educational purpose.
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#BTC 🟢 M15. Buy. (#BITCOIN)Range H4, within which the price has been moving stubbornly for more than three weeks.
After the enchanting liquidation of all longists by one hourly candle (who expected continued growth above 31K), an imbalance formed at the lower boundary of the H4 range, which I decided to take into work.
But he predicted the development of events for Monday, when all markets will be active and volumes will come in.
The long-awaited entry point, I did not expect that there would be an activation on the weekend, but it happened :)
M15 unbalance test, and instantly backlash like a spring to the first target.
The entry point is excellent, the price movement potentials are good.
I will close the targets within the H4 range and a little higher, at the unclosed potential of the previous H4 range (31744)
Another target as an experiment (additional order) is 34400.
Since something tells me that this will be the last long in our current H4 range, after which the price will break through it and fly to test the resistance of D1.
The price has gone under the First Buyer of stock options very much. (and this is currently 31500)
The buy price is below the market opening price. (✔️)
The purchase price is at the lower boundary of the H4 range. (✔️)
The purchase price is below the volume bearish candle. (✔️)
M15 Unbalance at the lower limit of the range H4. (✔️)
entry point: 30160 (on imbalance test)
stop: 29971
tp1: 30345
tp2: 30724
tp3: 31121
tp4: 31744
tp5: 34400
#AUDUSD 🔴 M15. Short (#AustralianDollar)The price approached the decision zone. The potential of the uncovered potential of the completed H4 range. We can try to trade on the correction.
Above the market opening price. (✔️)
Imbalance at the border of the potential of the completed range H4. (✔️)
Futures CFTC reports 🟢47736 / 🔴88942 (✔️)
Price under the First Seller of Exchange Options. (⚠️)
input: 0.68774
stop: 0.69007
tp-1: 0.68545
tp-2: 0.68085
Nifty Confirm Targets for Monday Accurates Levels to Buy Call option 0r Put option
Support Zones for Nifty are as Given Below
S1- 19250
S2- 19200
S3 -19050
Resistance Zones for Nifty are as Given Below
R1- 19420
R2 -19520
R3 -19620
nifty Option Chain Analysis for Intraday Trading
PCR ratio as per Option Chain Analysis - 0.82( Bearish)
Max Pain As per Option Chain Analysis -19500
Major Resistance as Per nifty Open Interest Analysis -19400 / 19500
Major Support as Per nifty Open Interest Analysis -19300 / 19000
nifty Long Opportunity tomorrow in Intraday Trading -
If nifty Sustain Above 19420 then its Buying Opprtunity and Target is 19520
Next Buying Opprutunity is Above Resistance 19050
Nifty Short opportunity tomorrow in Intraday Trading -
we can take short trade at retest near Resistance 19400 then its Good shorting Opprtunity and Next shorting Opprutunity is Below 19190
#EURUSD. 🔴 M15. Short. (#EuroUSDollar).
The Entry Price is higher than the Market Opening Price.(✔️)
M15 imbalance on the potential of the H1 range. (✔️)
Below the level of the First Seller of stock options. (⚠️)
ps since the price is in search of a new range, we can try to sell from this reversal structure in order to pick up the corrective movement. But perhaps there will be a change of trend in this place. We'll see.
According to my entry point, the first target has already worked out, and now the imbalance is retested.
entry: 1.10066 (on imbalance test)
stop: 1.10322
tp-1: 1.09799
tp-2: 1.09276
Nifty 50 - 12 July 2023I have been explaining the levels and logics behind my trades in my videos.
Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel.
Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria.
Do follow and subscribe if you like the analysis .
I expect the market to be Bullish tomorrow.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
BankNifty - 12 July 2023I have been explaining the levels and logics behind my trades in my videos.
Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel.
Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria.
Do follow and subscribe if you like the analysis .
I expect the market to be Bullish tomorrow.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
Nifty Trading Plan for Tomorrow Nifty Demand and supply zones are Price levels on Chart where the Buying and selling Pressures are Expected to be Strong and it is top Nifty Trading Indicator for Nifty Intraday Trading
Support Zones for Nifty
S1-18630
S2-18577
S3 -18530
Resistance Zones for Nifty
R1- 18727
R2 -18780
R3 -18800
Nifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis -0.82 ( Bearish)
Max Pain As per Option Chain Analysis -19350
Major Resistance as Per Nifty Open Interest Analysis -18400 / 18500
Major Support as Per Nifty Open Interest Analysis - 18300 /18200
Nifty Long Opportunity tomorrow in Intraday Trading
If Nifty Sustain Above 19330 then its Good Buying Opprtunity and Next Buying Opprutunity is Above Resistance 19430
Nifty Short opportunity tomorrow in Intraday Trading -
As nifty is in Short term Down Trend , so we can take short trade near Resistance If Nifty not break Resistance of 19420 then its Good shorting Opprtunity and Next shorting Opprutunity is Below 18300 if Dont Short above 19450 .
For Live Market Chart with support and Resistance msg me
PNB confirm Targets 2023
Punjab National Bank Stock Targets 2023
PBN Stock 94 % up in Last One Year
PBN Stock 17 % up in Last One Month
Punjab National Bank upgraded from mid-cap to large-cap
Breakout indicates a potential upward trend in the stock
Future Targets
Up Side First Target as per Analysis is = 69
Up Side First Target as per Analysis is = 75
Up Side Third Target as per Analysis is = 100
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