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Bullish Breakout: THE INDIA CEMENTS LTD (INDIACEM)THE INDIA CEMENTS LTD (INDIACEM) appears to be in an uptrend. The price has been consistently making higher highs and higher lows, indicating bullish momentum. Additionally, there's a potential flag pattern forming, which can signal a continuation of the uptrend after a brief pause. Entry: Breakout: Wait for the price to break out of the flag pattern to the upside, with increasing volume. This could confirm a bullish breakout. Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
NSE:INDIACEMLong
by supertraders_india
Symmetrical Triangle Breakout: PTC INDIA LTD (PTC)PTC INDIA LTD is showing strong bullish momentum. The price is above key moving averages, and the RSI is in a bullish zone. The MACD is also indicating a bullish trend. Additionally, the chart is forming a symmetrical triangle pattern, which could lead to a significant breakout. - Strong Breakout Candidate - Sym. Triangle Pattern BO - Strong Bullish Momentum - Massive Volume Buildup - Long range accumulation - Looks ready for 260/280/300+ Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions
NSE:PTCLong
by supertraders_india
OSWAL GREENTECH LTD (OSWAL) - Cup and Handle PatternCup and Handle Pattern - Bullish Breakout: OSWAL GREENTECH LTD (OSWAL) OSWAL GREENTECH LTD is showing strong bullish momentum. RSI is in a bullish zone. - Trading over 21EMA - Strong Bullish Momentum - Trading 52 weeks’ High - Massive Volume Buildup Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
NSE:OSWALGREENLong
by supertraders_india
NAZARA TECHNOLOGIES LTD (NAZARA)NAZARA TECHNOLOGIES LTD (NAZARA) appears to be in an uptrend. The price has been consistently making higher highs and higher lows, indicating bullish momentum. Additionally, there's a potential cup and handle formation, which is a bullish reversal pattern. Entry, Target, and Stop-Loss Entry: Breakout: Wait for the price to break out of the neckline of the cup and handle pattern with increasing volume. This confirms the bullish breakout. Target: Measured Move: A potential target could be based on the height of the cup and handle pattern. Measure the vertical distance from the bottom of the cup to the neckline and project that distance upward from the breakout point. Stop-Loss: Swing Low: Place a stop-loss below the handle Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
NSE:NAZARALong
by supertraders_india
Cup and Handle Formation for a Multi-Year BreakoutKey Characteristics of a Cup and Handle Formation for a Multi-Year Breakout: Volume: I ncreased volume during the formation of the cup and handle can indicate growing interest and potential buying pressure. Breakout: A strong breakout above the handle's resistance level, accompanied by increased volume, is a bullish signal. Multi-Year Significance: For a multi-year breakout, the cup and handle formation should span over a significant period, indicating a major reversal in market sentiment. Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
NSE:JUBLPHARMALong
by supertraders_india
Bullish Rounding Bottom over the span of 3 years.UTIAMC is poised for a significant breakout as it trades at its highest level ever. If the weekly candle closes with strength, it could be a good opportunity to enter a swing trade with a stop-loss placed at the weekly candle's low. Additionally, in the daily timeframe, the price is consistently making higher highs and higher lows. Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions
BSE:UTIAMCLong
by supertraders_india
2
GBPUSD: Falling wedge teases buyers ahead of UK/US dataThe GBPUSD currency pair is currently at its lowest point in over a week as traders wait for important data releases on Wednesday. This data includes the UK’s S&P Global/CIPS PMIs for August and the US Factory Orders and JOLTS Job Openings for July. The Pound Sterling has recently broken below a key support level comprising a one-month-old ascending trend line, which has now become resistant. Bullish technical formation, bumpy road to south challenge GBPUSD bears Despite the recent decline, the GBPUSD pair is holding up well due to a bullish pattern known as a falling wedge and several support levels. The MACD indicator also shows a decreasing bearish trend, which could help GBP/USD buyers. Additionally, the RSI indicator suggests there isn’t strong market support for the current downtrend. Technical levels to watch While the short-term falling wedge restricts the GBPUSD pair’s immediate moves between 1.3080 and 1.3120, the support-turned-resistance line from early August and a seven-week-long horizontal region act as additional trading filters around 1.3150 and 1.3050-35 respectively. Apart from that, the 50-SMA and 200-SMA could challenge the momentum traders around 1.3170 and 1.2935 in that order. In a case where the GBPUSD pair remains firmer past 1.3170, it will refresh the yearly high while aiming for the falling wedge confirmation’s theoretical target surrounding 1.3300. Alternatively, a downside break of the 200-SMA support of 1.2935 will make the Cable pair vulnerable to slump toward mid-August swing low near 1.2800. Looking forward… In the short term, GBPUSD might continue to trend lower, but the bears are losing momentum. Any disappointment in US data could quickly bring buyers back into the market, especially given the bullish technical indicators.
by MTradingGlobal
Cup and Handle Breakout: KNR CONSTRU LTD (KNRCON)KNR CONSTRU LTD has successfully broken out of a cup and handle pattern, suggesting a potential uptrend. Moving Averages: The 20-day and 50-day exponential moving averages are both above the price, suggesting a bullish trend. RSI: The RSI is currently above 50, indicating a bullish trend. However, it is approaching the overbought zone, which could suggest a potential short-term pullback. MACD: The MACD line is above the signal line, indicating a bullish trend. The target 1 around ₹400, Target 2: ₹480 , and a stop-loss can be placed below the handle at around ₹300. Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
NSE:KNRCONLong
by supertraders_india
PSP Projects Date 01.09.2024 PSP Projects Timeframe : Weekly Remarks : 1 As of now the stock has support of 23% at fibonacci & base of symmetrical triangle. 2 As of now the stock has resistance of 50% at fibonacci & flat future kumo. 3 As of now the stock is trading below its traditional strong upward parallel channel. 4 Once the stock breaks out from resistance area/s as mentioned above, it will resume its traditional uptrend channel started from 2020 march. 5 One can also use 20 & 60 weekly exponential moving averages to see trend & stoploss, however any moving average are lagging indicators. That's why i personally emphasis more on tools. Regards, Ankur
NSE:PSPPROJECT
by AnkurSingh
WHEELS | Simple trendline breakout - Potential for 70-80%WHEELS | Simple trendline breakout - Looks potential for 70-80% CMP : 796 SL : 650 Target : 1400 The previous post was deleted by tradingview moderator, as i had mentioned the same description above. It is a simple breakout. Its my style of simple analyze. There is nothing to write beyond this, i'm just posting all this charts to create a respository. I dont have any hidden agenda like creating courses or selling indicators. But this website looks like promoting only those authors.
NSE:WHEELS
by srikartiram
MFG: Breakout After Consolidation with 15% UpsideASX:MFG (Magellan Global Fund) has recently achieved a big breakout after a period of consolidation, supported by strong fundamentals and favorable technical indicators. The fund boasts a high Piotrowski score, a higher Altman Z-score, and a very low debt-to-equity ratio. With a solid dividend yield of 6.4% and a trending lower PE, MGF presents a promising opportunity for investors. Fundamentals: High Piotroski score, indicating strong financial health Higher Altman Z-score, signaling financial stability Very low debt-to-equity ratio Good dividend yield of 6.4% Trending lower PE ratio, making it attractively valued Technical: High RSI, showing strong momentum Breakout after a period of consolidation Higher relative strength compared to the broader market Potential upside of 15-16% in the short term
ASX:MFGLong
by hrishikeshrahalkar
Gold buyers take a breather above 100-SMA, focus on $2,450Gold's recent strong performance suggests a positive sentiment among buyers, especially with its breakout above the 100-SMA and supportive RSI and MACD indicators. This technical strength points to a potential push towards the $2,450 resistance level, with further challenges anticipated at around $2,470 from a mid-July trend line, and additional resistance at $2,495 and $2,500. On the downside, sellers will need a break below the 100-SMA, currently around $2,411, to gain momentum. Such a move could test the $2,400 mark, with further support levels at $2,383 and $2,350. In summary, while Gold is currently on the buyers' radar, the upcoming resistance levels may cap the upside potential.
OANDA:XAUUSD
by MTradingGlobal
NIFTY 500 OUTLOOKAs of the latest trading session, the Nifty 500 index is trading at 23,260, which is below the short-term support level of 23,285. This indicates some weakness in the market. 75-Minute Time Frame: When analyzing the Nifty 500 on a 75-minute chart, it is evident that the index is trading below two key moving averages: the 30 (SMA) and the 50 SMA. This positioning suggests a certain level of weakness in the market as the index struggles to maintain levels above these critical support indicators. The index's position below the 30 and 50 SMAs on the 75-minute time frame signals some weakness, though not necessarily a bearish trend. Given the current market conditions, it is wise to refrain from initiating new positions. Instead, the focus should be on diligently managing existing trades. Strict adherence to stop-loss levels is essential to mitigate potential losses.
NSE:CNX500
by TTS007
ASIANPAINTS (BULLISH Marubozu) MTFCertainly! Asian Paints is a well-known company in the Indian paint industry. Asian Paints Limited: ON monthly time frame FORM : A Marubozu is characterized by having no shadows (also known as wicks or tails). In other words, it lacks both upper and lower shadows. Business Overview: Asian Paints is one of the largest paint manufacturers in India. It operates in both decorative and industrial segments, offering a wide range of products such as interior and exterior paints, enamels, wood finishes, and wall coverings. Market Position: The company has maintained a dominant position in the Indian market for several decades. Its strong brand presence, extensive distribution network, and innovative product offerings contribute to its success. Financial Performance: Asian Paints consistently reports healthy financials. Factors like increased urbanization, rising disposable incomes, and a growing real estate sector have positively impacted its revenue and profitability. Innovation and Sustainability: Asian Paints invests in research and development to introduce new products and improve existing ones. Additionally, it emphasizes sustainability by promoting eco-friendly paints and reducing its environmental footprint. Competitors: The Indian paint industry is competitive, with other major players like Berger Paints, Kansai Nerolac, and Pidilite Industries. Asian Paints faces competition in various product categories and market segments. Certainly! Let’s dive into the fundamental analysis of Asian Paints, one of India’s leading paint companies. 🎨 Business Overview Asian Paints Limited operates in both decorative and industrial segments, offering a wide range of products such as interior and exterior paints, enamels, wood finishes, and wall coverings. The company has maintained a dominant position in the Indian market for several decades, thanks to its strong brand presence and extensive distribution network. Financial Performance Profitability: Asian Paints consistently reports healthy financials. Its high margin levels contribute to strong profits. Financial Situation: The company is in a robust financial position, considering its net cash and margin position. Analyst Opinion: Over the past few months, the opinion of analysts covering the stock has improved. Strengths Margins: Asian Paints returns high margins, supporting business profitability. Financial Health: The company’s net cash position and robust financials are positive indicators. Analyst Sentiment: Analysts have become more optimistic about the stock recently. Weaknesses Earnings Growth: The currently anticipated earnings per share (EPS) growth for the next few years is a notable weakness. Valuation: The valuation in terms of earnings multiples is rather high. The firm is getting paid 54.58 times its estimated earnings per share for the ongoing year. Sales Outlook: Sales revisions have been going down, indicating downgraded expectations from analysts. Future Growth Prospects Asian Paints continues to innovate and invest in research and development. Its focus on sustainability and eco-friendly paints positions it well for the future.
NSE:ASIANPAINTLong
by Faizgazi
KCP Indicating further upward trajectoryNSE:KCPSUGIND Date: July 31, 2024 Current Market Price: 52.18 INR --- KCP Sugar & Industries, operating in the agricultural commodities and milling sector, has demonstrated strong upward momentum recently. The stock is currently consolidating near its recent highs, indicating potential for further gains. --- ### Technical Analysis 1. **Price Action and Trend Analysis** - The stock has shown a strong uptrend from approximately 30 INR in early June 2024 to its recent high around 54 INR. - Currently, the stock is consolidating around the 50-54 INR range, suggesting a possible accumulation phase before the next move. 2. **Support and Resistance Levels** - Immediate Support: 50 INR (based on recent lows) - Immediate Resistance: 54 INR (recent highs and psychological barrier) 3. **Moving Averages** - SMA 10: 52.18 INR - SMA 21: 50.47 INR - SMA 50: 49.01 INR - The stock is trading near its 10-day moving average, indicating a neutral trend with a slight bullish bias. 4. **Volume Analysis** - The volume shows moderate trading activity with occasional spikes indicating buying interest at lower levels. - Increased volume on up days suggests accumulation by investors. --- ### Entry, Stop-Loss, and Target Levels **Entry Point** - Suggested Entry: Above 54 INR - Rationale: A breakout above 54 INR would confirm the end of the consolidation phase and indicate the potential for further upside. **Stop-Loss** - Suggested Stop-Loss: 50 INR - Rationale: Placing a stop-loss below the recent support level at 50 INR helps manage risk by exiting the position if the stock moves against expectations. **Target Levels** - First Target: 58 INR - Rationale: The first target is set at 58 INR, considering the stock's recent price action and psychological resistance levels. - Second Target: 62 INR - Rationale: The second target is set at 62 INR, aligning with historical resistance levels and potential further upside. --- ### Detailed Recommendations **Long Position Strategy** - Entry: Initiate a long position above 54 INR, ensuring the breakout is confirmed with strong volume. - Stop-Loss: Maintain a strict stop-loss at 50 INR to protect against potential downside risks. - Targets: Aim for 58 INR as the first target and 62 INR as the second target for booking profits. **Risk Management** - It is crucial to adhere to the stop-loss level to minimize losses in case the market does not move as expected. - Regularly monitor the stock's volume and price action to make informed decisions and adjustments to the strategy if necessary. --- ### Conclusion KCP Sugar & Industries is in a consolidation phase with potential for an upward breakout. The suggested strategy aims to capitalize on the expected breakout while managing risks effectively. Traders should stay vigilant and adjust their positions based on real-time market developments. For more in-depth analysis and regular updates, consider consulting with your financial advisor or brokerage firm. --- Disclaimer: The above analysis is based on historical price movements and technical indicators. Market conditions can change rapidly, and it is essential to perform your due diligence or consult with a financial advisor before making any investment decisions.
NSE:KCPSUGINDLong
by Trendxinc
Bharti Airtel Support and resistance channel redrawnMy earlier posts about Bharti Support and resistance channel was having little problem, to get early alerts I shifted it little inside and hence in the post it does not reflect the true picture if support line is broken or not. Here I have put it at the right area where we can see the support line is still not broken and not hourly candle closed below this line except 04 June when it went down further after that candle formation. Please remember this support line is having a width of 15-20 points so sometimes the stocks moves up before touching the line and few times it went below the line and retraced back above the line so an hourly close below this line will be alarming. On monthly timeframe the stock has not closed any monthly candle below low of previous month candle since Feb 23 i.e. 16+ months so shorting it for longer timeframe is not a good idea with current indicators. Overall tone is still bullish ! * It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade at your own risk.
NSE:BHARTIARTLLong
by brainyAccount81243
3