MAHARASTRA SEAML - Aggressive Reversal Bet!Price Analysis & Overview:
1. EMA support taken.
2. Strong Fib support zone.
3. Blast above 900
4. 100%+ Potential
5. Need good volumes
6. Entry above 710 post confirmations
7. Strong buying candle formation is needed.
- 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
Priceactionanalysis
APOLLO TYRES - Price Analysis | Bullish Outlook1. Bounced from the Fib support zone.
2. Good Volumes.
3. W base formation.
4. Earnings growth is on the decline!
- 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
SBI CARDS - Not Bullish Yet | Neglected Stock!Price Analysis & Overview:
1. Price are yet to form HH-HL formations.
2. Trading below 50 EMA.
3. Volumes are dry. It seems like no one is still interested in the stock!
4. Touched the demand multiple times - increasing the chances to break the zone and go further lower.
5. Forming Double bottom.
6. Earnings are strong - That's the only good thing in the stock currently.
Trading Plan:
- JUST OBSERVE.
- Let it prove the buying strength!
Monthly TF View:
- 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
CEAT LTD - Swing Trade Analsyis - 29th June #stocksCEAT LTD. (1W TF) - Swing Trade Analysis given on 29th June, 2024
Pattern: FALLING WEDGE BREAKOUT
- Weekly Resistance Trendling Breakout - Done ✓
- Weekly Support Zone Retest & Consolidation - Done ✓
- Strong Pullback candle with volumes after consolidation - Done ✓
- Demand Zone retest for a Small SL and a better RR - In Progress
* Disclaimer
CRAFTSMAN AUTOMATION - Swing Trade Analysis - 16th June #stocksCRAFTSMAN AUTOMATION (1W TF) - Swing Trade Analysis given on 16th June, 2024
Pattern: CUP & HANDLE
- Weekly Volume Buildup at Resistance - Done ✓
- Weekly Resistance Breakout - In Progress
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
MUTHOOTFIN - CUP AND HANDLE FORMATION WITH BREAKOUTHi All,
This idea is about Muthoot FInance
Very interesting pattern has emerged on Weekly chart.
Cup and Handle formation and then a successful breakout from both sip line and long term resistance.
Relative Strength has turned positive as compared to Nifty.
High relative volume crossing benchmark level of 2
Traders are advised to wait till price is as close to 10 SMA on daily TF as possible.
FnO trade can also be taken
Happy Trading,
Thanks,
Stock-n-Shine
DEVYANI INTERNATIONAL - Avoid - Price Lacking StrengthPrice Analysis & Overview:
1. Volumes are dry
2. Price is showing weakness holding higher levels.
3. No view until sustains above 190+
4. Touched demand multiple times still weak, the possibility of a demand zone break is also possible.
5. Need to be very careful.
- 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
WHIRLPOOLI'm not a SEBI registered analyst, Views are personal, not any buy or sell recommendations.
Today i found WHIRLPOOL ,which has given breakout in Weekly along with good volumes, Based on volume and current price action movement in the WHIRLPPOL chart, I anticipate a short-term upswing. Please refer to the chart for a detailed analysis.
BUTTERFLY - PRICE REVERSAL POST CORRECTION OF 64%Hi All,
This idea is about Butterfly Gandhimathi Appliances Ltd
CAUTION: Please keep in mind that FY24 was not at all good for this company and this idea is purely based on technical analysis
Weak Fundamentals
Market Cap - 1500 Cr
Stock PE - 184
ROE - 2.8%
ROCE - 5%
Promoter Holding - 75%
D/E - 0.01
Technicals
Post correction of 64%, price has reached a point where horizontal & rising support meet and price action is showing signs of reversal
This is a weekly chart & therefore time is required in order to reach different targets marked on the chart namely T1, T2, T3
Happy Trading,
Stock-n-Shine
BIRLA CORP - Bullish Overview | 'W' formationPrice Analysis & Overview:
1. Price moving from demand zone.
2. EMA support is taken.
3. Double bottom type formation can be seen.
4. A strong trendline breakout will be expected.
5. Earnings are good.
Trade Plan:
1. RRR is favourable.
2. ENTRY = CMP around 1588
3. SL = 7-8%
4. TP = 30-40%
- 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
KIMS - Double Bottom! | Bullish Move ExpectedPrice Analysis & Overview:
1. Double bottom formation.
2. HH-HL price structure is showing upward possibility.
3. Volumes are low.
4. Expecting 40% minimum.
Trade Plan:
- RRR is favourable.
- Best Entry will be around 2000
- SL = 10%
- TP = 40%
- 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
EMUDHRA - BASE ON BASE FORMATION WITH BREAKOUTHi All,
This idea is about EMUDHRA
Fundamentals
Market Cap - 7438 Cr
Stock PE - 98.7
ROE - 14.4%
ROCE - 17.7%
Promoter Buying - 54.4
Quick Ratio - 5.71
D/E - 0.01
Emudhra is a licensed certifying authority involved in issuing digital signature certificates in India under its eMudhra brand. The company is licensed by the Controller of Certifying Authorities (CCA), Ministry of Information Technology, and operates under the guidelines set by the Information technology Act
Technicals
After forming 2 bases, the price action is poised for stage 3 advance before forming next base. All the stages are shown in chart for clarification
Hope you'll enjoy this idea,
Happy Trading,
Thanks,
Stock-n-Shine
PARAS DEFENCE - Classic BO (Case Study) | Super BullishPrice Analysis & overview:
1. The overall defence sector is super bullish and the stock has started outperforming.
2. The strength of the BO candle shows big money is buying it.
3. Retest of the ATH BO level would be the best entry for a long position.
4. We rarely find these types of classic textbook type of picture-perfect breakouts!
5. We should remember that we should not generalise these types of clean breakouts.
- 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
GUJARAT FLUOROCHEM - Lacking Price Strength!Price Analysis & Overview:
1. Price is clearly showing lack of strength and direction.
2. Trading within range.
3. The demand zone is tested multiple times, chances are high it break on the downside.
4. Earnings growth is pathetic.
5. Stay Away from the stock till it shows strength.
- 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
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
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
#NIFTY Intraday Support and Resistance Levels -24/06/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 23430 level and then possible downside rally up to 23310 in today's session. in case nifty trades Above 23480 level then the upside target can go up to the 23600 level.
BAJAJ AUTO GETTING PREPARED FOR ANOTHER RALLYBajaj Auto is currently near it's ATH, and is getting ready for another rally in short term. The target is calculated using the ABCD pattern of Harmonics. Current daily candle tried to break ATH level but gave a closing below it. So, candle closing above 8700 will decide whether it will move upside or not. However, this is a perfect example of price action of a bullish market!
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
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
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