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Bank of Baroda Monthly I am putting this chart again because of person Here the view is different form Weekly , the Bullish Failed Extended range Candle explain different story about the Stock moving up ward direction , Normally when we see the Failed Bullish ERC candle with Low as strong holding base then the stock will rally further up ward after absorbing all the sell order 1st Level of Peak resistance is at 191.70 and 2nd Level of Peak resistance is at 196.25 3rd and Last level of Resistance Peak is 216.30 Why I am writing this ?? Answer : We are now experiencing Bull Market from the Start of 2017 and we are also experiencing huge capital inflow in stock market since November 2016 demonetization, if the institution decide to move ahead of all the barriers then You have to think again before shorting , this Bull Market have come after 10 Years of week market , so it will be very difficult for any person to know what will happen next , So i would argue that one has to look all the possibilities then have to take decision of short selling in bull market Regards
NSE:BANKBARODA
by shiv2798
5
ALMONDZ NSE – ERC Breakout After Accumulation: Bullish Reversal?🔍 Technical View Prevailing downtrend is clearly evident from February into March, marked by a series of lower highs and lower lows. In late March, price finds a liquidity pool near ₹19–20, followed by a sharp “spring” — a bearish shakeout that flushes out weak hands-on low volume. A strong volume surge accompanies the spring, signaling absorption by stronger hands. Price drifts sideways from April through June, forming a base and creating stops below recent lows — labeled “stop‑loss hunt on lows.” Extended Range Candle (ERC) emerges near end‑June with significantly higher volume, punching above the yellow resistance line (~₹22.50), warranting attention. A successful follow‑through above the ERC zone would confirm a bullish breakout and a shift in market structure, likely triggering further upside. 📊 Fundamental Snapshot Business Overview: ALMONDZ Global Securities is engaged in retail and institutional broking, distribution of financial products, mutual fund services, and related value‑added offerings. Revenue & Profitability: The company has shown mixed results, with moderate turnover in its brokerage arm and periodic pressure on margins due to competition and compliance costs. Balance Sheet & Liquidity: Typically, the company maintains a conservative balance sheet with manageable debt levels. It holds sufficient working capital to support brokerage operations and product distribution. Growth Outlook: The future hinges on the broader broking industry trends—like increased retail participation, return of market volatility, and demand for digital trading channels and advisory services. Risks to Watch: Key risks include regulatory intervention, downward pressure on brokerage fees, sharp market downturns, and competitive headwinds from larger brokers and fintech platforms. 🧭 Strategy & Possible Actions Watch for daily‑close above ₹22.50–23 zone on strong volume to validate the breakout. Aggressive traders may initiate a small, long positions with the follow through. Conservative traders could wait for a retest of the breakout level (now support) before building positions, improving risk‑reward and reducing whipsaw risk. Alternative scenario: Failure to hold above the ERC zone and a breakdown below ₹21.00 may trigger a return to the base (~₹19), invalidating the bullish thesis. ✅ Conclusion ALMONDS: NSE, appears to be in the early stages of a potential bullish reversal—supported by base‑forming, liquidity absorption, and an ERC breakout on heavy volume. If follow‑through above ₹22.50–23 is confirmed, it could usher in a new uptrend targeting ₹25+. However, a failure to maintain those levels would caution for reevaluation.
NSE:ALMONDZLong
by BhumikaExports