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Shakti pumps-A long-term investment stock!Shakti pumps had given volume breakout of cup and handle pattern in weekly time frame Stock is retesting the breakout and low volumes during retracement indicate the same. If the stock bounces from this support of 950-975, one must not miss this stock for medium to long term. Levels mentioned on chart. One of the best stock to invest in "Make in India" growth story. Stock has given remarkable returns in the last 1 year and has the potential to give similar returns in coming years.
NSE:SHAKTIPUMPLong
by chartistamey
Man Industries : Breakout Candidate #Maninds : #Breakout Candidate >> Range Breakout + Retest done >> Decent Valuation Stock >> Trending Setup >> Flag Structure Visible >> Low Risk High Reward Trade Swing Traders can Lock profit at 10% and keep trailing Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:MANINDSLong
by moneyfesttrading
Bitcoin Rebounds from Key Trendline: Is $90K on the Horizon#BTC Bouncing from Key 10-Month Trendline with Weekly Bullish Divergence: Targeting $90K #Bitcoin (BTC) is currently bouncing off a significant 10-month trendline. The weekly time frame clearly shows a bullish divergence, indicating a strong potential for a substantial upward move. This momentum could propel BTC towards the $90K mark, suggesting a big rally is on the horizon. #Bitcoin #BTC #Crypto #CryptoTrading #TechnicalAnalysis #BullishDivergence #Trendline #BTCUSD #BTCto90K #CryptoAnalysis #Cryptocurrency #BTCBullRun #CryptoInvesting
BITSTAMP:BTCUSDLong
by crypto_vulture_signals
3
GET YOUR FERTILISER NOW!Om Birla has been successfully elected as the Speaker of Lok Sabha at the convenience of BJP. Session is set to begin. Finance Minister will be ready with her Budget anytime now. And we all know what happens when Budget comes and considering the performance of BJP in UP, Harayana and Rajasthan, farmers will get far more than what we expect, if not the farmers, these fertiliser companies will. Be ready to use these fertilisers to boost your portfolios. Majority of them have already move and showed their potential, they are all re-testing and reversing, waiting for the good news to make the new highs. Not just these 6 here but many others are also there. Keep the whole sector on radar.
NSE:CHAMBLFERTLong
by Abhyuday01
#AVAX Ready to Skyrocket: Massive Gains Ahead!Hi everyone! Today, I'd like to highlight another top altcoin: AVAX. It has found strong support at the anchored VWAP and is currently retesting a previous high area. Recently, $AVALANCHE surged to retest the previous support level from 2021, around the $65 zone, which acted as resistance. Now, it's finding support from previous highs. The VWAP is a highly regarded indicator, often used by institutional investors. Given this, it might be an excellent time to buy AVAX, as it appears ready to soar from its current range of $20 to $22. If it retests its all-time high of $148, we could potentially see returns of up to 500% from this point.
Long
by crypto_vulture_signals
2
#SOL/USDT Bullish Momentum: Eyes on the $250 Target#SOL/USDT Double Bottom Formation and $160 Support Retest: Eyes on $250 Target In the recent price action of SOL/USDT, Solana has formed a classic double bottom pattern, signaling a potential bullish reversal. This pattern, often indicative of a shift from a downtrend to an uptrend, is characterized by two distinct lows at approximately the same level, forming a 'W' shape on the chart. The key support level at $160 has been successfully retested, further validating the double bottom formation and providing a strong foundation for a bullish move. Technical Analysis Overview Double Bottom Pattern: The double bottom pattern is a reliable bullish signal that occurs after a prolonged downtrend. It suggests that selling pressure is waning, and buyers are stepping in to drive the price higher. The two bottoms at around the same price level indicate strong support and the potential for a trend reversal. $160 Support Retest: After forming the double bottom, SOL/USDT retested the crucial support level at $160. This retest confirmed the strength of this support level, as prices rebounded sharply after touching $160. Successful retests are often seen as confirmation signals, giving traders confidence in the new uptrend. Bullish Momentum: Following the retest of $160, SOL/USDT has shown signs of bullish momentum. Key indicators such as increased trading volume, bullish candlestick patterns, and rising moving averages support the notion of a continued upward movement. Price Targets Immediate Target – $200: The first significant resistance level to watch is $200. Breaking above this psychological level could attract more buyers and further fuel the uptrend. Major Target – $250: The primary target for this bullish scenario is $250. Reaching this level would represent a significant gain from current prices and align with the measured move from the double bottom pattern. Risk Management Stop Loss: It's essential to place a stop-loss order below the $160 support level to manage risk. If SOL/USDT falls back below this level, it could invalidate the bullish scenario and indicate further downside potential. Monitor Volume: High trading volume on upward moves is a positive sign, whereas declining volume could suggest a weakening trend. Keeping an eye on volume trends will help validate the strength of the uptrend. Conclusion With the double bottom pattern in place and the successful retest of $160 support, SOL/USDT is well-positioned for a bullish run towards $250. Traders should monitor key resistance levels and volume trends to confirm the continuation of the uptrend. As always, proper risk management is crucial to navigate potential market volatility.
Long
by crypto_vulture_signals
TVS MOTOR INV HEAD & SHOULDER BREAKOUT & RETEST STRATEGY TVS MOTOR CO 1. Inv Head & Shoulder Pattern 2. Breakout & retest strategy 3. Close within 52W high zone (2313.45) 4. Close above the previous day's high (2238.80) 5. High increase in 1 month (+9.6%) 6. High increase in 12 months (+72.3%) 7. Promoter holding 50.27 % 8. Pledged percentage 0.00 % 9. Change in Prom Hold 0.00% 10. FII holding 20.8 % 11. Chg in FII Hold 1.56 % 12. DII holding 20.3% 13. Chg in DII Hold -1.53% 14. Stock PE 63.4 15. Industry PE 63.4 16. ROCE 18.8% 17. ROE 27.4% For Educational Purpose Only
NSE:TVSMOTOREducation
by Sachin_Lokchandani
1
Purvankara-A beautiful chance for 2x returns!Realty sector is booming with most of large cap stocks already crossing its ATH levels. Purvankara projects is one of the best trade in realty sector which can give you 2x returns from here. Stock had given volume breakout and has retested its breakout last week. If we see a continuation move from here, big targets can be expected. Please note that realty sector is a risky sector and most of companies have high debt policy , hence safe investors should prefer to stay away from these companies. However, trading in these companies can give good returns when sector is booming, so book your profits if it is a trading bet.
NSE:PURVALong
by chartistamey
#BTC/USDT Poised for Another Retest: Key Levels to Watch#BTC/USDT Analysis: Bearish Divergence and Decreasing Volume Indicate Potential Retest Levels #Bearish Divergence A bearish divergence occurs when the price of an asset is making higher highs, but the underlying technical indicator (in this case, the Relative Strength Index, or RSI) is making lower highs. This discrepancy suggests that the bullish momentum is weakening and a potential reversal or pullback could be on the horizon. For #BTC/USDT, we've identified a bearish divergence forming on the daily chart. Despite Bitcoin reaching new highs, the RSI is not confirming this upward movement, indicating that the buying pressure is not as strong as it appears on the surface. #Decreasing Volume In addition to the bearish divergence, we are also seeing a significant decrease in trading volume. Volume is a critical indicator of market strength; decreasing volume during an uptrend suggests that the momentum is fading. This declining volume trend can signal a lack of conviction among buyers and potentially foreshadow a price reversal or retest of lower support levels. #Potential Retest Levels Given these technical indicators, it is likely that BTC/USDT might take a retest at certain key support levels: 1. **Retest Around $63,500** - This level has previously acted as a strong support, and if Bitcoin's price retraces, it is likely to find initial support around this area. If the price manages to hold at $63,500, we might see a bounce-back, providing traders with a potential buying opportunity. 2. **Retest Around $61,000** - If the $63,500 support does not hold, the next significant support level to watch is around $61,000. This level has historical significance and could act as a strong support. A retest around this level would provide a crucial juncture for BTC/USDT, determining whether it will consolidate or continue its downward trend. #Trading Strategies - **Cautious Approach**: Given the bearish divergence and decreasing volume, traders might consider a cautious approach, reducing their positions or waiting for confirmation before entering new trades. - **Stop-Loss Orders**: Setting stop-loss orders just below the identified support levels ($63,500 and $61,000) can help mitigate potential losses in case of a further downturn. - **Watch for Confirmations**: Look for confirmations such as bullish reversal patterns or increasing volume at support levels before considering long positions. #Conclusion #BTC/USDT is currently showing signs of potential weakness with bearish divergence and decreasing volume. Traders should be prepared for possible retests at $63,500 and $61,000. Monitoring key technical indicators and market sentiment will be crucial in making informed trading decisions during this period.
BINANCE:BTCUSD.P
by crypto_vulture_signals
#BTC/USDT Bulls Gather Momentum: A Potential Price Surge AheadThe #BTC/USDT pair has recently undergone a significant event, testing a key trend line and subsequently bouncing from it. This bounce has coincided with the formation of a bullish divergence, indicating a potential trend reversal and the beginning of a bullish phase for Bitcoin. The current price action suggests that #Bitcoin is now poised to retest three critical resistance levels at $62600, $67200, and $71000. If these levels are successfully breached, it could pave the way for a move towards the $85,000 target. The successful breakout above these resistance levels would confirm the strength of the bullish momentum and could attract further buying interest from traders and investors. However, it's important to monitor the price action closely, as failure to break above these levels could lead to a continuation of the current consolidation phase.
BINANCE:BTCUSD.PLong
by crypto_vulture_signals
#ETH/USDT Rebound: Analyzing the Recent Price SurgeThe #ETH/USDT pair has recently displayed a bullish divergence, a key technical indicator suggesting a potential trend reversal. This divergence, coupled with the breakout of a significant trend line, has ignited bullish momentum in the market. Currently, the price is undergoing a retest of two critical levels at $3065 and $3220. The successful breach of these levels could pave the way for a new all-time high for Ethereum. One major catalyst for this bullish outlook is the anticipation of #ETF approval for Ethereum. If approved, this could attract significant institutional investment, further driving up the price of #ETH. It's essential to monitor price action around these levels closely, as a decisive move above them could signal a sustained bullish trend for Ethereum.
BINANCE:ETHUSD.PLong
by crypto_vulture_signals
Analyzing Bullish Divergence: #LINK/USDT Set for Upward Momentum#LINK/USDT Technical Analysis: Bullish Divergence Signals Potential Upside The #LINK/USDT pair has formed a bullish divergence pattern, suggesting a potential upward movement in the near term. Currently bouncing, it aims to retest the $14.1 level as its immediate resistance. Should the price manage to surpass this level and breach the liquidity area, further gains towards $15.1 are anticipated. Traders are advised to closely monitor the price action for confirmation of bullish momentum and potential entry opportunities. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Traders should conduct their own research before making any investment decisions.
Long
by crypto_vulture_signals
#Bitcoin Heating Up: Analyzing the Bulls' MomentumIt sounds like you're analyzing two potential scenarios for the BTC/USDT pair. Let's break them down: 1. **Retest of $60,000 to $59,000, then liquidation of longs, followed by a rise to $84,000:** - This scenario suggests that Bitcoin might retest the $60,000 to $59,000 level, possibly to shake out weak hands or test support levels. After this retest, it could liquidate long positions (which could lead to a sharp drop in price) before ultimately rising to $84,000. - This scenario implies a short-term bearish movement followed by a significant bullish move. 2. **Fall to important support levels of $53,000 to $52,000, then rise to $84,000:** - In this scenario, Bitcoin would fall to the $53,000 to $52,000 support range, possibly indicating a deeper correction. After reaching this support level, the price would then rally to $84,000. - This scenario suggests a more significant correction to key support levels before a strong recovery to new highs. Both scenarios indicate potential short-term volatility and significant price movements. It's essential to consider the overall market conditions, news events, and technical indicators when evaluating these scenarios to make informed trading decisions.
BITSTAMP:BTCUSD
by crypto_vulture_signals
Bharat Dynamics Limited (BDL): A High-Flying Opportunity! Today, we're going to take a deep dive into the technical analysis of Bharat Dynamics Limited ( NSE:BDL ), a government-owned company in India. 📈 Breaking the Rectangle Pattern 📈 On April 24, 2024, BDL broke out of a Rectangle pattern that was formed after making an all-time high. This rectangle can be interpreted as a Re-accumulation in stage 2. 🎯 New All-Time High and Retest 🎯 In last week, the stock broke its all-time high and formed a new all-time high. The breakout was accompanied by very high volumes. In the last 3 days, the stock has been coming down to retest the Breakout with low volume. This shows that the downward movement is without selling interest, which is a good sign. 💡 Trading Strategy 💡 We can plan an entry at 1955 to trade the breakout retest entry or you can say entry at the demand zone of the lower timeframe which is available on the 15-minute chart. Keep a stop loss below 1897 which is around 3% down from the entry point. The first target should be a 6% gain. For riding the rally, trail your stop loss. Thank you for your support, your likes, and comments. Feel free to ask if you have any questions. Remember, the journey of a thousand miles begins with a single step. So, let's step into the world of trading with confidence and determination! 🚀 Please note that this analysis is for educational purposes only. I am not a SEBI registered analyst. This is not intended as a trading or investment recommendation. Happy trading! 🎉
NSE:BDLLong
by AfnanTAjuddin
Unlocking Potential: A Deep Dive into Elecon Engineering's ChartWelcome to today's analysis of NSE:ELECON , where we explore a compelling trading scenario fuelled by recent stock activities. 📊 The Breakout Story Elecon Engineering hit a record high in its previous Friday trading session, breaking past its former resistance with impressive volume. The surge was marked by a robust breakout candle, signalling strong buyer interest. Following this significant high, the stock opened the today with a sizeable gap up. Interestingly, the subsequent movement saw the stock retrace downwards on notably lower volumes. This behavior is typically indicative of a 'retest' of the breakout level. The retest scenario presents a potential buying opportunity at a specific demand zone identified on the 15-minute timeframe. This strategy focuses on the Rally-Base-Rally pattern, suggesting a tactical entry around 1130. 📈 Strategic Trade Setup Entry Point: The proposed entry is at the Rally-Base-Rally demand zone, calculated around the 1130 level. Stop Loss: A stop loss is advised at a 3% decrease from the entry point to limit potential downside. Profit Target: The initial target for taking profits is set at a 10% gain from the entry level, offering a risk-reward ratio of over 1:3. Management Strategy: To maximize gains, a trailing stop loss is recommended, which allows profits to run while safeguarding against sudden downturns. 📉 Recent Financial Highlights Elecon Engineering has recently announced its consolidated financial results for the quarter ending March 2024: Net Sales: Rs. 564.62 crore, a surge of 32.99% compared to Rs. 424.54 crore in March 2023. Net Profit: Rs. 103.65 crore, up 52.55% from Rs. 67.95 crore in the same quarter last year. EBITDA: Rs. 148.40 crore, reflecting a growth of 47.43% from Rs. 100.66 crore in March 2023. These financial metrics not only reflect a robust growth trajectory but also bolster the stock’s attractiveness in the eyes of potential investors and traders. Lastly, Thank you for your support, your likes & comments. Feel free to ask if you have questions. 🌟 “Every day is a new opportunity to reach that goal.” 🌟 This analysis is purely for educational purposes and does not constitute a trading or investment recommendation. Please note that I am not a SEBI registered analyst.
NSE:ELECONLong
by AfnanTAjuddin
🎯 Unveil the power of Demand Zones with ACE! Catch the wave📊 Fundamental Key Points: Action Construction Equipment Ltd engages in manufacturing and marketing hydraulic mobile cranes, tower cranes, construction equipment, and agricultural machinery. The company offers a diverse product portfolio to meet various customer requirements. Financials: Market Cap ₹17,094 Cr, Current Price ₹1,428, Stock P/E 61.7, ROCE 26.2%, ROE 18.8%. Pros: Debt-free status, expected good quarterly performance, consistent profit growth of 24.9% CAGR over 5 years, improved debtor days. Cons: Trading at 16.4 times its book value, decrease in promoter holding over the past 3 years. Peer Comparison: Compared to peers in the Capital Goods sector, ACE shows favorable metrics like ROCE at 26.17% and solid profit growth. Quarterly Results: Dec 2023: Net Profit ₹88 Cr, EPS ₹7.41, reflecting positive growth trends over the quarters. Balance Sheet: Shows steady growth in assets over the years, with a well-managed debt profile. Shareholding Pattern: Promoters hold majority stake, with FIIs and DIIs showing consistent interest over time. *️⃣ Understanding the Basics - Technical Analysis First, let's break down some key terms you'll encounter in this analysis: RBR Zones (Rally Base Rally): This pattern signifies an upward price movement, followed by a period of consolidation (stabilization without significant price changes), before another upward movement occurs. Demand Zone: A price area where buyers tend to enter the market, causing the price to increase. Bullish Pin Bar Candle: A type of candlestick that indicates a potential reversal of a downward trend to an upward trend. 📈 In-Depth Analysis of ACE ACE is currently trading in a very significant area, known as a Demand Zone. This zone is not just any area on the chart; it's a powerful RBR Zone formed on both the daily and weekly charts. Here’s why this is crucial: The formation of the RBR zone was followed by the price reaching all-time highs accompanied by high volume, showing strong buying interest. Currently, the price has retraced back to this zone, accompanied by low volume, which could mean a potential reversal or continuation of the upward trend. Yesterday's price action closed with a Bullish Pin Bar Candle right at the Demand Zone, which often signals a turning point. 💹 Key Trading Strategy For those looking to trade ACE, here’s a straightforward approach: Entry Point: Current Market Price (CMP) at 1428. Stop Loss (SL): Below 1340, to protect against unexpected downward movements. First Target: Aim for 1600 as an initial profit target. Risk Management: Consider trailing your stop loss to lock in profits as the price moves favorably. Disclaimer: This analysis is for educational purposes only. I am not a SEBI registered analyst. Please do your own research or consult a financial advisor before making investment decisions. Concluding Thoughts Thank you for your engagement and feedback. Remember, trading is a journey of continuous learning and application. Feel free to ask questions or share your thoughts on this analysis! "In trading, as in life, the risk you take is a measure of the success you seek. 🚀"
NSE:ACELong
by AfnanTAjuddin