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MRPL - W bottom | Bullish move possibility?Price Analysis & Overview: 1. Reveral pattern formed 2. Good volume building. 3. Earnings are weak. 4. Double bottom formation. 5. Strong trendline break candle is important to determine the strength for the upmove. Trade Plan: - Low conviction trade, because fundamentals are not strong. - RRR is favourable. - ENTRY = CMP 220 - SL = 199 - TP = 300+ - Stay tuned for further insights, updates and trade safely! - These are my personal views. - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:MRPLLong
by SuperNova396
HUHTAMAKI - 10 YEAR CLEAN BREAKOUT (WEEKLY CHART)Hi All, This is about Huhtamaki India Ltd Fundamentals: Market Cap - 2959 Cr Stock PE - 27 ROCE - 12.5% ROE - 13% Promoter Holding - 67% EPS - 53 PEG - 0.83 Quick Ratio - 1.56 Debt to Equity - 0.22 Technicals: 10 year breakout on weekly chart with good volume support. Expanding moving averages after a tight consolidation Should wait for today's closing before taking the trade Hope you will enjoy the trade, Happy Trading! Thanks, Stock-n-Shine
NSE:HUHTAMAKILong
by Stock-n-Shine
AARTI INDUSTRIES - Bullish - 2x Potential!Price Observation & Overview: 1. Shift in price structure from bearish to bullish with HH-HL formation. 2. Volumes are decent. 3. Earnings growth are improving. 4. ATH breakout will be xpected. Trade Plan: ENTRY = 643 SL = 563 (10%) TARGET = 954,1442, 1600++ - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:AARTIIND
by SuperNova396
8
JAYAGROGN - INVERSE HEAD AND SHOULDER PATTERN WITH STRONG VOL BOHi All, This idea is related to Jayant Agro Organics Ltd Fundamentals: The Company is mainly engaged in manufacturing and trading of castor oil and its derivatives such as oleo chemicals. Market Cap - 962 Cr Stock P/E - 18 Book Value - 181 Promoter Holding - 67% EPS - 17.6 Debt to Equity - 0.29 ROE - 10% ROCE - 12.2% Dividend Payout - 23% Technicals: This counter has shown all important characteristics of a perfect Inverse Head and Shoulder Pattern. Left Shoulder is deeper than right whereas the head is deepest. Volume price also concurs to the pattern that with every rise volume was low whereas each decline, the volume associated was high Most importantly, during neckline breakout, the relative volume was very high which is the most important aspect to avoid false breakouts. The stock price has advanced more than 3% from the neckline, cementing the continuation of the breakout This is a weekly chart, so before taking the trade it is advisable to let price action be pulled back to nearest Moving average & then take a trade If you like my analysis please comment and let me know your thoughts, Happy Trading! Thanks, Stock-n-Shine
NSE:JAYAGROGNLong
by Stock-n-Shine
SRF - Still Consolidating - AVOID!Price Analysis & Overview: 1. Trading within a zone. 2. PA is choppy 3. Consolidation is continuing. 4. No bullish confirmation. 5. Earnings are very poor. 6. STRCITLY AVOIDING THIS STOCK! - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:SRF
by SuperNova396
IDBI BANK - Good long term investment?Price observation & overview: 1. Price is in HH-HL formation. 2. Currently near the highs of the channel, once it retraces down we can plan for a fresh entry near the support area. 3. Momentum is clearly lacking. 4. Underperformance is likely to continue unless it breaks above 130 and sustains. 5. Earnings are great. 6. Volumes are good too. Weekly tf view: - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:IDBI
by SuperNova396
ELIN - SIMPLE SETUP, GREAT POTENTIAL (GOLDEN CROSSOVER)Hi All, This idea is about ELIN ELECTRONICS (EMS Sector) Fundamentals: Market Cap - 1033 Cr Total Sales - 1042 Cr Stock P/E - 74 Healthy quick ratio - 2 Low ROCE - 5.12% Increase in promoter holding by 0.42% but still promoter holding low at 33 Technicals : Price has just broken out of consolidation since Feb 23 near to its listing with expansion in moving averages and golden cross over on daily chart. Price has crossed Point of Control in VRVP indicator (Volume Profile) supported by surge in volume. Great Sectoral tailwinds behind EMS sector as a whole Hope you'll enjoy the trade, Happy Trading, Thanks, Stock-n-Shine
NSE:ELINLong
by Stock-n-Shine
WAREE RENEWABLE - 700% ROI in 2024!! Price Analysis & Overview: 1. Current structure is bearish - made double top - lower high. 2. The stock is pumped too aggressively. 3. NO NEW ENTRIES AT CMP! RRR is unfavourable. 4. Only above 2510 the prices structure should turn bullish. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
BSE:WAAREERTL
by SuperNova396
GICRE - UPSIDE POTENTIAL OF 40%Hi All, General Insurance Corporation of India - CMP (406) Market Cap - 71309 Cr Stock PE - 10.7 Book Value - 315 Promoter Holding - 85% EPS - 38 As per the technical pattern on weekly timeframe, price action has formed Bullish Continuation Pattern and is currently trading at lower channel of the trend formation. An upside of 40% is clearly visible over coming months which is the upper channel of the bullish pattern. In the current week, price action has broken the horizontal resistance as well confirming the upside in near future. Relative Strength has also turned positive on all major time frames. As per fundamentals, Stocks is still undervalued at PE of just 10.7 with sector PE of 17. Healthy Dividend of 20.4% CAGR growth of 24.1% over last 5 years Hope everyone enjoys this trade! Happy Trading, Thanks, Stock-n-Shine
NSE:GICRELong
by Stock-n-Shine
2
RELIGARE - MONTHLY CHART (INTERESTING PATTERN - NO TRADE YET)This chart is extremely interesting to study Look at the pattern During first contraction, there was a huge supply which took the price to abyss levels of 17 from levels of 280. The contraction measured 91% as per the scale Second contraction supply got limited to only 50% retracement & in the third it was only 28% This shows diminishing supply pattern. Price action give a successful breakout but went into consolidation. The least line of resistance is 285 & it should be kept on radar
NSE:RELIGARE
by Stock-n-Shine
CROMPTON GREAVES - Enter on a pullback!Price Analysis & Observation: 1. HH-HL formation started, now I will wait for a higher low formation to enter. 2. Volume support is strong. 3. Trend is confirmed. It's clear BUY ON DIPS!! 4. Buying strength is good. 5. Expecting it come down for some retracement. Trade Plan: 1. Need to wait patiently for the formation I want to enter on a dip. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:CROMPTON
by SuperNova396
1
TATA STEEL - 13 years resistance BO & retest! (CASE STUDY)Price observation & Overview: 1. One more example of how simple things work beautifully if observed carefully. 2. Currently, it has the potential to touch 200. 3. No new entry, if holding continue to hold. 4. Earnings are weak! Weekly TF: - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:TATASTEEL
by SuperNova396
2
RUSHIL DECOR - Price analysis & Observation1. Consolidating as of now. 2. Above 450 I will be interested. 3. Moves can slow and choppy. (Not a momentum trade) 4. Results are weak. 5. Decent volume spikes means this can be a good accumulation zone. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
RLong
by SuperNova396
1
#Reliance Industries Stock Trading Important levelsOn 1 Hour Timeframe, Reliance Industries stock trading important levels. Time to wait for either breakout or Breakdown (reversal) for the Reliance Industries. Breakdown Move - Confirmation for breakdown will be if Relinace industries stock starts trading and sustain below 2956 level - Downside rally nearly 50-60 points expected in case of breakdown - Intermediate support expected near 2927- level - Short Trader can place there stop loss if Reliance Industries Stock starts trading above 2973+ level Breakout move - Long side movement expected in case Reliance Industries Stock starts trading and sustain above 2973+ level - Above this level Reliance Industries Stock can go upto the 3236+ level. - Intermediate resistance expected near 3145+ level - Long trader can place there stop loss if Reliance Industries Stock starts trading below 2956- level.
NSE:RELIANCE
by TradZoo
FACT - Breakout or Fakeout?Price Observation & Overview: 1. Very poor earnings! 2. Good volume on the current week BO candle. 3. It is testing the ATH for the 1st time, hence there might be chances of fakeout as well. 4. I will avoid any position into this stock as of now. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:FACT
by SuperNova396