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Priceaction

Long Setup in Shobha LTDAn Inverted Head & Shoulder Chart Pattern Breakout happened on the weekly Time frame of NSE:SOBHA Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned on the Charts. Stop loss will be on a weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Inverted Head & Shouldeer Chart Pattern Technical Indicator :- Positive MACD Crossover
NSE:SOBHALong
by raigvivek
Long Westlife DevelopmentA Bullish Flag and Pole Chart Pattern Breakout happened on the weekly Time frame of NSE:WESTLIFE Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Stop loss will be on weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Flag and Pole Technical Indicator :- Positive MACD Crossover
NSE:WESTLIFELong
by raigvivek
Long Setup in Sonata SoftwareAn On Neck Chart Pattern Breakout happened on the Daily Time frame of NSE:SONATSOFTW Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Stop loss will be on a Daily closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish On-Neck Chart Pattern Technical Indicator :- Positive MACD Crossover
NSE:SONATSOFTW
by raigvivek
Breakout soon in Havells.As we can see from the chart havells india looks promising in weekly timeframe. It has been consolidating within a demand and supply zone for the past 28 months, forming a rectangle channel pattern. Today, it has reached the resistance level with a good amount of trading volume. This increases the likelihood of a breakout. However, there are a few things to consider before investing. We should wait for the price to break out with even stronger trading volume and stay above the 1400 level before entering a trade. To manage our risk, we can aim for a 10% gain in the trade while setting a 10% stop loss. Why bigger stop loss?, because stocks might show 'fake-out' and falls back at first go and again give breakout. By doing that we can remain in this trade. Note- You can use your strategy and then dive into the trade, that is the only thing that can make you profitable. Do not seek any tips and trade calls from others. It was all for educational purpose.
NSE:HAVELLS
by BullishLine
1
Long Setup in TNPLAn On Neck Chart Pattern Breakout happened on the weekly Time frame of NSE:TNPL Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Stop loss will be on weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- On-Neck Chart Pattern Technical Indicator :- Positive MACD Crossover
NSE:TNPLLong
by raigvivek
NMDCNMDC:- Head and shoulder pattern has been formed, breakout has also been given, but don't plan anything until the price becomes sustainable. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:NMDCLong
by AjayDhakad_Keep_it_simple
Nifty Spot Actionable Idea - September 6, 2023Current Price (CMP): 19577 Resistance: 19587 Support: 19526 Upside Targets: 19623 and 19646 (after a break of Resistance) Downside Targets: 19494 and 19459 (after a break of Support) Execution: Only execute trades after a clear break and close above or below the Resistance or Support levels on a 15-minute candlestick chart. Stop Loss: Place stop-loss orders above or below the Resistance or Support levels on a 15-minute candlestick chart. ---------------------------------------------------------------------------------------------------------------------- Overview: Welcome to this Nifty Spot actionable idea for September 2, 2023. In this analysis, we will explore the current price, key resistance, and support levels, along with potential upside and downside targets. Please note that this analysis is for educational purposes only and should not be considered financial advice. Always do your research and consult with a financial advisor before making any trading decisions. Current Price (CMP): As of the specified date, the Nifty Spot is trading at 19577. Resistance: The immediate resistance level for Nifty Spot is identified at 19587. Support: On the downside, there is solid support at 19525. Upside Targets: In the event of a breakout above the resistance level of 19587, we can set our sights on two potential upside targets: 19623 and 19646. Downside Targets: Conversely, if the support level at 19525 is breached, we should be prepared for two downside targets: 19494 and 19459. Execution Strategy: It's crucial to exercise caution and execute trades only when there is a clear breakout and close above or below the resistance or support levels, as indicated on a 15-minute candlestick chart. This approach helps confirm the strength of the market move and reduces the risk of false breakouts. Stop Loss Strategy: To manage risk effectively, it's advisable to place stop-loss orders above or below the respective resistance or support levels on a 15-minute candlestick chart. This way, you can limit potential losses in case the market moves against your trade. Disclaimer: Please remember that this trading idea is provided solely for educational purposes and is not intended as financial advice. Trading carries risks, and it's important to conduct your own research and consult with a financial advisor before making any trading decisions. Always trade responsibly and consider your risk tolerance.
NSE:NIFTY
by SarthakPatwari
Well, I think EIHOTEL could Break the SHELL. Do you?EIH is primarily engaged in owning and managing premium luxury hotels and cruisers under the luxury Oberoi, Trident and Maidens brands. The Company is also engaged in flight catering, airport restaurants, project management and corporate air charters. The group has been in luxury hospitality business for 6+ decades in India and has expanded into international destinations viz. Indonesia, Mauritius, Egypt, and the UAE The group manages 29 hotels & resorts (owned and managed) with room inventory of 4,269 across 6 countries at 15+ locations. The Company was voted the ''Best Hotel Brand in the World'' at Travel + Leisure world's best award, 2022. There was a 58% growth on YOY basis in online bookings in FY23. Hotel Brands A) Oberoi Hotels – In this brand, company operates 18 Hotels & Resorts, and a luxury River Nile cruiser in Egypt. B) Trident Hotels – In this brand, company operates 10 Hotels with 2172 keys across 9 cities in India C) Maiden Hotel – Established in 1903 as one of the first hotels in Delhi, Maiden hotel is a single hotel operated by a company in Delhi with 55 Rooms. Owned Hotels - FY23 Average Daily Rate - Rs.11,465 Occupancy % - 77 Revenue Generate per Available Room - 127% Managed Hotels - Q2FY23 Average Daily Rate - Rs.11,036 Occupancy % - 69 Revenue Generate per Available Room - Rs.7603 Low Debt and Higher Asset Base The company has total assets of 2985 Crs and debt of only 217 Crs as of Sep 2022. Due to its large asset base, company has been able to borrow money at better interest rates. The Weighted Average Cost of Debt as of 30th September 2022 was 7.6% Alliance In FY23, company entered into a strategic alliance with the prestigious Mandarin Oriental Hotel Group. New Projects for FY24 1 Bay Club, Mumbai: In FY23, the company opened The Bay Club which is Mumbai’s most exclusive members’ private club, managed by the Oberoi Group. It is an exclusive, by-invitation-only private members club situated at BKC. 2 The Oberoi Rajgarh Palace, a luxury project situated near Khajuraho is being developed. This resort will provide upscale lodging on a 62-acre site adjacent to the Panna forest reserve. 3 The Company has obtained land use consent for its 55-acre beach-front property in Goa. This is still at planning stage. 4 The planning process is on for the Oberoi Hotel, at Bengaluru. 5 Construction is progressing at The Oberoi Wildlife Resort Bandhavgarh, located on a 22-acre site just five kilometers away from Bandhavgarh National Park. 6 The Oberoi and Trident resorts, on KohTan Island, located southwest of Koh Samui, Thailand. 7 The Oberoi Kathmandu is being developed on a greenfield site measuring five acres. 8 The Oberoi Wildlife Resort, located near Bardia National Park in Nepal, will be developed approx on 30 acres. 9 A luxury Nile Cruiser is planned with 25 cabins and will sail along the Nile between Luxor and Aswan. 10 Trident resort in Tirupati Andhra Pradesh is planned. This upcoming 100- key resort, will be developed by the Company’s subsidiary Mumtaz Hotels Ltd., will be managed by the Company.
NSE:EIHOTELLong
by CannySunny
Khelo Kushti aur Karo Masti with MSTC.- Stock is providing a good dividend yield of 3.51%. - Company has delivered good profit growth of 26% CAGR over last 5 years - Company has a good return on equity (ROE) track record: 3 Years ROE 30% - Company has been maintaining a healthy dividend payout of 39% - Promoter holding 65 % - Annual Net Profit rose 21.5% in the last year to Rs 242 Crores. Its sector's average net profit growth for the last fiscal year was 49.2%. - PE Ratio is 12 vs its sector PE Ratio of 85. MSTC (Metal Scrap Trade Corporation) Ltd undertakes trading activities, e-commerce and also disposal of ferrous and non-ferrous scrap, surplus stores, minerals, agri and forest products, etc. The company is owned and controlled by the Government of India. The company is significantly important for GOI as it undertakes various important e-auctions for the government. It sources raw materials like heavy melting scrap, low ash metallurgical coke, HR coil, Naptha, crude oil, coking coal, etc The company's branches are located across India in cities like New Delhi, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad, Lucknow, Jaipur, Raipur, Guwahati, Chandigarh, and others It is casting more focus on untapped e-comm business from the private sector and has signed ticket agreements with Reliance, Indus Towers, Tata Power, Vedanta, and others. Mahindra MSTC Recycling Pvt Ltd is a JV with Mahindra Intertrade Ltd wherein the company holds 50% stake. It owns India’s first auto-recycling plant in Greater Noida, Uttar Pradesh for the scientific recycling of End of Life Vehicles (ELVs) and white goods. It has further operationalized Collection & Dismantling centers at Chennai and Pune in FY22. The JV can greatly benefit from the vehicle scrapping policy which can ensure continuous supply of ELVs for its plants.
NSE:MSTCLTDLong
by CannySunny
Nifty Spot Actionable Idea - September 5, 2023Current Price (CMP): 19534 Resistance: 19572 Support: 19499 Upside Targets: 19599 and 19623 (after a break of Resistance) Downside Targets: 19463 and 19433 (after a break of Support) Execution: Only execute trades after a clear break and close above or below the Resistance or Support levels on a 15-minute candlestick chart. Stop Loss: Place stop-loss orders above or below the Resistance or Support levels on a 15-minute candlestick chart. ---------------------------------------------------------------------------------------------------------------------- Overview: Welcome to this Nifty Spot actionable idea for September 2, 2023. In this analysis, we will explore the current price, key resistance, and support levels, along with potential upside and downside targets. Please note that this analysis is for educational purposes only and should not be considered financial advice. Always do your research and consult with a financial advisor before making any trading decisions. Current Price (CMP): As of the specified date, the Nifty Spot is trading at 19534. Resistance: The immediate resistance level for Nifty Spot is identified at 19572. Support: On the downside, there is solid support at 19499. Upside Targets: In the event of a breakout above the resistance level of 19572, we can set our sights on two potential upside targets: 19599 and 19623. Downside Targets: Conversely, if the support level at 19499 is breached, we should be prepared for two downside targets: 13463 and 19433. Execution Strategy: It's crucial to exercise caution and execute trades only when there is a clear breakout and close above or below the resistance or support levels, as indicated on a 15-minute candlestick chart. This approach helps confirm the strength of the market move and reduces the risk of false breakouts. Stop Loss Strategy: To manage risk effectively, it's advisable to place stop-loss orders above or below the respective resistance or support levels on a 15-minute candlestick chart. This way, you can limit potential losses in case the market moves against your trade. Disclaimer: Please remember that this trading idea is provided solely for educational purposes and is not intended as financial advice. Trading carries risks, and it's important to conduct your own research and consult with a financial advisor before making any trading decisions. Always trade responsibly and consider your risk tolerance.
NSE:NIFTY
by SarthakPatwari
Can it Persistently Rise? Market Cap 38,892 Cr. Stock P/E 41 Industry PE 33 Piotroski score 8 ROCE 31 % ROE 26 % Debt to equity 0.17 OPM 18 % EBIDT growth 3Years 38 % Promoter holding 31 % Persistent Systems provides software engineering and strategy services to help companies implement and modernize their businesses. It has its own software and frameworks with pre-built integration and acceleration. BFSI accounts for the majority of revenues at 31.6%, followed by Healthcare & Life Sciences (20.8%). Tech & emerging verticals account for the remaining 47.6% of revenues. The company has a global presence with presence in 17 countries including India, Australia, Canada, Germany, Japan etc. The North American region contributes 78.8% of the total revenue. Contribution from India region was 10.6% and Europe was 8.7% while the Rest of the World contributed 1.9% of total revenue.
NSE:PERSISTENTLong
by CannySunny
RSI Divergence(s) :: A Case Study 📈📉Hey Pivster's ★ Found out one interesting query in a public forum and thought to provide the explanation through a chart so that it can be documented for reference in future. Chart is actually self-explanatory as marked and constructed accordingly 🫶 ◉ Query: "During uptrends prices make lower highs whereas RSI makes lower lows..this is called positive reversal". This is a statement made by Bharat Jhunjhunwala in one of his lectures....i don't get the lower highs in prices...can anyone explain? ☞ My answer would be - ➣ He is basically taking about a RSI positive divergence scenario where the “Price” has higher probability for making a reversal. ➣ This scenario is ideal as 'RSI' is mostly taking closing price into consideration. SO, when the price starts to close above the previous red candles it shifts the RSI curve towards an uptrend and a reversal can be confirmed once the 'Price' breaks the previous Lower High (LH) which will eventually be in correspondence to the 'RSI' making a Higher Low (HL) after a visible "Positive Divergence" to the 'Price' chart. ➣ Here, the structure for the 'Price' is now expected to reverse and follow the structure of an "Uptrend" now while the "RSI" continues making Higher Lows (HL) as the closing price is higher to that of the previous candle in an 'Uptrend'. Explained this whole scenario in the chart of NSE:MARUTI which showed a fresh and live demonstration of this discussed scenario in the last trading session that was on 1st September, 2023 (Friday) 📍 Well just to add a better confluence alongside PIVOT POINTS, here is the same chart with weekly pivots applied ↘︎ - This shows the entry of Weekly Initiative Players ( WH4 ) once the reversal structure gets confirmed ♠️ I hope your query has been answered to a satisfactory level and understanding from the basic to core 🥂 Let me know your view/suggestions in the comment section below 😊 Regards, Mukkull
NSE:MARUTI
by PivotMinati
9
Consolidation in HeritageFood - Hourly Time FrameThe stock of HERITAGEFOOD is currently consolidating within a 1-hour timeframe. There is potential for a breakout in either direction. This situation presents a trading opportunity. The long-side target is at 275.8, with a stop loss set at the middle of the range, which is 249. On the short side, the target is 226.55, and the stop loss remains the same at 249. This configuration results in a risk-reward ratio of approximately 2.7 on both sides.
NSE:HERITGFOOD
by popularExpert69803