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Long Jyoti StructuresTechnical Analysis: Jyoti Structures Ltd shows promising bullish indicators on the monthly chart: Price Action: The stock is on an uptrend, with recent price action indicating a breakout from a long-term consolidation phase. This breakout suggests a significant bullish momentum and potential for further gains. Support and Resistance: The stock has recently broken above a key resistance level at INR 20, now acting as strong support. The next major resistance levels to watch are INR 30 and INR 40. A successful breach of these levels can set the stage for a target of INR 60. Volume: The volume patterns show increased trading activity during upswings, indicating strong buying interest from institutional investors and retail traders alike. RSI: The Relative Strength Index (RSI) on the monthly chart is trending upward but remains below the overbought threshold. This suggests that there is still room for the stock to move higher before it becomes overextended. Fundamental Analysis: Company Overview: Jyoti Structures Ltd is a key player in the infrastructure sector, specializing in transmission and distribution lines, substations, and rural electrification projects. The company is well-positioned to benefit from increased government spending on infrastructure. Revenue Growth: The company has demonstrated consistent revenue growth, driven by a strong order book and successful project executions. Its robust project pipeline ensures a steady flow of revenue in the coming years. Profit Margins: Jyoti Structures maintains healthy profit margins through efficient project management and cost controls, allowing it to remain competitive in the market. Market Position: The company holds a significant market share in the infrastructure sector, supported by its reputation for delivering high-quality projects on time. Expansion Plans: With plans to expand its project portfolio and capabilities, Jyoti Structures is well-positioned for future growth. The company's strategic initiatives aim to capture a larger share of the growing infrastructure market. Order Book: The company has a strong order book, providing a clear visibility of revenue and growth for the next few years. This robust order book is a testament to the company's ability to secure and execute large-scale projects. Management: Experienced leadership and a skilled management team focus on innovation, strategic expansion, and efficient project execution. This strong leadership is crucial for navigating the competitive infrastructure market. Trade Setup: Entry: An ideal entry point is around the current price of INR 20. Stop Loss: Set a stop loss at INR 15 to manage risk effectively. Target: Aiming for a target price range of INR 40 to INR 60, representing 2 to 3 times the current price, within a 1-3 year horizon. Conclusion: Jyoti Structures Ltd is a compelling buy based on its solid technical indicators and robust fundamentals. The recent breakout from a long-term consolidation phase, coupled with a strong order book and strategic expansion plans, positions the stock for significant gains. Entering at the current price with a defined stop loss and ambitious profit target provides a well-balanced trade setup. With potential to achieve 2 to 3 times the current price over the next 1-3 years, Jyoti Structures Ltd offers an attractive investment opportunity.
NSE:JYOTISTRUCLong
by MountainWolf
DuroPly Industries Limited (flag ) DuroPly Industries Limited (BSE: 516003), we can identify key levels and patterns to consider for making a buying decision. Chart Analysis: Downward Channel Breakout: The stock was in a downward channel from March 2024 to June 2024, as indicated by the shaded area on the chart. Recently, the price has broken out of this downward channel, which is a bullish signal. Volume Confirmation: The breakout is accompanied by an increase in trading volume, confirming the validity of the breakout. This is a positive sign indicating strong buying interest. Support and Resistance Levels: Support Level: The lower boundary of the previous downward channel around 280-290 can act as a new support level. Resistance Levels/Targets: First Target (1st TRG): Around 360. Second Target (2nd TRG): Around 440. Buy on Pullback to Support: Considering buying on a pullback to the new support level around 280-290. This would provide a better risk-reward ratio. Volume Monitoring: Ensure that the volume remains strong during the pullback and subsequent upward move. Decreasing volume on a pullback followed by increasing volume on a move up is ideal. Stop Loss Placement: Place a stop loss slightly below the support level (e.g., below 280) to manage risk effectively. Trend Continuation: If the price continues to move up with strong volume, consider holding for the targets of 360 and 440 as indicated on the chart. Summary: Entry Point: Consider buying around 280-290 on a pullback. Stop Loss: Set a stop loss below 280. Targets: First target around 360 and second target around 440. for MORE check in my Tv-id " in.tradingview.com " If You LIKE👌👌 MY study ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered ." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
BSE:DUROPLYLong
by asAMOLSUTAR
Avanti Feeds Breaks Out with High Volume: Bullish Momentum AheadOverview: Avanti Feeds has exhibited a strong bullish momentum, reflected by a significant breakout with volume. This breakout from a prolonged consolidation phase signals potential for further upward movement. Technical Analysis: Resistance and Support Levels: Resistance: The stock faced resistance around the 573.85 level. This level acted as a cap where selling pressure previously halted upward movements. Support: The support level is noted around 489.70, where buying pressure has historically provided a floor, preventing further decline. Consolidation Phase: The stock was in a consolidation phase within the range of approximately 490 to 575. This phase lasted for several months, indicating a period of accumulation. Breakout: The recent breakout above the 575 resistance level was accompanied by a substantial increase in volume, suggesting strong bullish interest and the likelihood of sustained upward momentum. Moving Averages: The stock price is trading above the key moving averages (such as the 50-day and 200-day moving averages), indicating a strong bullish trend. The moving averages are sloping upwards, further confirming the bullish trend. Volume Analysis: The breakout was supported by high volume (12.35M), which is a positive indicator. Increased volume during a breakout often suggests genuine interest and strength behind the move. Price Action: The stock reached a high of 647.15, closing at 620.80, up by 9.81% on the day. The substantial price movement and strong closing near the high indicate strong buying interest. Outlook: If the stock sustains above the breakout level of 575, it could continue its upward trajectory. The next potential resistance levels to watch could be around 650 and 700. If the stock fails to hold above the 575 level, it might re-enter the previous consolidation zone between 490 and 575. Conclusion: Avanti Feeds has demonstrated a strong breakout with significant volume, indicating a positive outlook. Traders and investors should watch for sustained movement above the 575 level for continued bullish momentum. Always consider the overall market conditions and conduct thorough research before making any trading decisions. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always consult with a professional financial advisor before making any investment decisions.
NSE:AVANTIFEEDLong
by TRADING-NASA
Comprehensive Analysis of Reliance Power Limited (RPOWER)Overview: Reliance Power Limited (RPOWER) has recently exhibited significant price action, forming a cup and handle chart pattern, which typically signifies a substantial bullish trend. Coupled with strong volume and positive indicators across multiple timeframes, the stock presents a compelling opportunity for investors. Cup and Handle Pattern: The cup and handle pattern on RPOWER's chart has matured over a span of more than 5 years, indicating a long-term bullish setup. A breakout from this pattern occurred recently, accompanied by substantial trading volumes, signaling strong buying interest. Elliott Wave Analysis: Elliott wave analysis suggests that the stock is potentially entering the 3rd wave of the 3rd wave, implying a powerful bullish move. This wave analysis further supports the bullish bias observed in the cup and handle pattern. Technical Indicators: Volume Confirmation: The retracement following the breakout maintained higher lows, with the cumulative volume of 10 candles lower than that of the breakout candle, indicating sustained buying pressure. Bollinger Bands: RPOWER is challenging the upper Bollinger Band on both daily and weekly timeframes, suggesting strong upward momentum. Trend Indicators: Positive crossovers on trend indicators across multiple timeframes signal a bullish trend. RSI and ADX: RSI supports the bullish bias, and ADX indicates increasing strength in the uptrend, with +DI confirming a bullish trend. Trade Strategy: Entry Points: Consider initiating long positions at current levels or on pullbacks, with potential entry points around the upper bands of the cup and handle pattern. Invalidation Level: Set the invalidation level below the last swing low, providing a clear risk management strategy. Price Targets: Upside price targets based on the cup and handle pattern suggest levels of 49+, 73+, and 99+ for Long Terms. Risk Management: Emphasize the importance of risk management techniques, including stop-loss orders and position sizing, to mitigate potential losses. Conclusion: Reliance Power Limited (RPOWER) exhibits a strong bullish setup, characterized by the cup and handle pattern, supported by volume analysis, Elliott wave analysis, and positive technical indicators across multiple timeframes. However, investors should conduct their own research and exercise caution, adhering to risk management principles. This analysis is for educational purposes only and does not constitute financial advice or trading recommendations. Disclaimer: This study is shared for educational purposes only and should not be construed as investment advice or trading tips. Investors should perform their own analysis and consult with financial professionals before making investment decisions. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:RPOWERLong
by RK_Chaarts
2
GANESH HOUSING - 16 Years High Breakout - ALL TIME HIGHGANESHHOUC 1) Time Frame - Weekly and Monthly. 2) Previous life time high was 566 in 2008. After 16 years of consolidation, The Stock has given a breakout with huge volume & strong bullish candle close in weekly. 3) Option 1 - With the strong weekly close in All Time High, Buy at this current level. Option 2 - Wait for the strong bullish Monthly candle's close with huge volume above the price 566. 4) Recommendation - Strong Buy
NSE:GANESHHOUCLong
by SHRIHARII
1
CAMS [strong multi-year breakout]The chart indicates a strong multi-year breakout with confirmation from the volume spike . Utilizing the pitchfan tool, the key levels and targets for swing trading have been identified. Always ensure proper risk management and keep an eye on volume trends to adjust your strategy accordingly. Breakout Confirmation: The price has broken above a significant resistance level as indicated by the upper blue pitchfan line. The volume spike (as shown by the green arrow) confirms the breakout with strong buying interest. 2) Pitchfan Lines: Pitchfan lines provide potential support and resistance levels. The price has successfully broken through multiple resistance lines, indicating strong upward momentum. These lines can be used to identify future support levels in case of a pullback. 3) Support Levels : The previous resistance levels, now turned support, will be crucial in case of a pullback. These are typically around ₹4000 and ₹3000 (orange and blue pitchfan lines respectively). 4) Targets: Short-term Target: Aim for ₹5500 Medium-term Target: Aim for ₹6500. 5) Stop Loss: Place a stop loss just below the nearest support level to manage risk. For example, just below ₹4000 or the nearest pitchfan support line. 6) Volume Consideration: Continue monitoring volume to ensure the breakout is supported by strong buying interest. A decline in volume might indicate a potential reversal or consolidation. 7) Risk Management Position Sizing: Use appropriate position sizing to manage risk, considering the distance to your stop loss level. Trailing Stop: Consider using a trailing stop as the price approaches the 1st TRG and 2nd TRG to lock in profits while allowing for further upside potential. for MORE check in my Tv-id " in.tradingview.com " If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
NSE:CAMSLong
by asAMOLSUTAR
Stock Market Analysis Report: IRCON International Limited Introduction Hello, fellow traders! Buckle up because IRCON International Limited is on the move, and it’s picking up speed faster than a bullet train! 🚄 Let's dive into the technical analysis and see what the charts are telling us about this infrastructure giant. Price Action Overview Chart Analysis Current Price: ₹307.75 Daily High: ₹315.80 Daily Low: ₹286.50 Volume: 116.643M Key Technical Indicators Breakout: The stock has just experienced a significant breakout. Support Levels: Identified at ₹175.67 (Support 1), ₹214.03 (Support 2), and ₹266.25 (Support 3). Massive Volume Buildup: Indicating strong buying interest. Detailed Analysis Breakout Breakout Level: ₹307.75 Implications: This breakout suggests a strong bullish sentiment, indicating the potential for further upward movement. Volume Confirmation: The breakout is supported by a massive volume spike, which adds credibility to this move. Support Levels Support 1: ₹175.67 - This is a long-term support level, providing a solid foundation. Support 2: ₹214.03 - A medium-term support level, crucial for maintaining bullish momentum. Support 3: ₹266.25 - The most recent support level, pivotal in the current trend. Massive Volume Buildup Volume Trend: The significant increase in volume suggests strong market interest and participation. Significance: High volume during a breakout indicates robust buying pressure, often leading to sustained price increases. Price Targets Immediate Resistance: ₹325.00 - The next level to watch for potential resistance. Medium-Term Target: ₹350.00 - A psychological level and potential profit-taking zone. Long-Term Target: ₹400.00 - If the bullish momentum continues, this could be a feasible target. Conclusion IRCON International Limited has shown a powerful breakout with strong volume support, indicating a bullish trend. With significant support levels in place and increasing market interest, this stock could be on a solid upward trajectory. Keep an eye on the immediate resistance at ₹325.00 and watch the volume closely for further clues. Happy trading, and may your portfolio be as strong as IRCON’s infrastructure projects! 🏗️📈 Disclaimer This analysis is based on historical data and chart patterns. Always do your own research and consider your risk tolerance before making any investment decisions.
NSE:IRCONLong
by TRADING-NASA
6.6 Years Old Strong Resistance Breakout✅The stock has been consolidating below a 6.6-year-old very strong resistance level, which also marks its all-time high (ATH). Recently, the price has shown signs of breaking out above this resistance, indicating a potential bullish continuation. ✅ Immediate support around ₹1,400, aligning with the lower trendline. This strong support level provides a robust base for potential upward movement. ✅ Noticeable increase in volume with the breakout above the strong resistance, signaling strong buying interest and supporting the bullish outlook. ✅ RSI is currently at 62.51, trending upwards and indicating increasing bullish momentum without being overbought. The MACD histogram shows rising bullish momentum, with the MACD line close to crossing above the signal line, suggesting a buy signal.
NSE:IFBINDLong
by Marketik
Looking Very Strong 29% Upside Rally Possible In This Stock✅The stock has been consolidating below a 2.6-year-old strong resistance level but has recently shown signs of breaking out. The stock closed strong near the resistance, showing high momentum and strength, indicating a potential 29% upside rally. ✅ Immediate support around ₹50, aligning with the lower trendline. Stronger support near the 2.6-year-old resistance at ₹56.10, providing a robust base for potential upward movement. ✅ Noticeable increase in volume with the breakout above the strong resistance, signaling strong buying interest and supporting the bullish outlook. ✅ RSI is currently at 63.35, trending upwards and indicating increasing bullish momentum without being overbought. The MACD histogram shows rising bullish momentum, with the MACD line crossing above the signal line, suggesting a buy signal.
NSE:MOREPENLABLong
by Marketik
Astral Price Near Demand ZoneWhen analyzing the price movement of Astral, a prominent stock, towards a demand zone, several technical aspects need to be considered. Here is a comprehensive breakdown: 1. Understanding Demand Zones A demand zone is a price level where buying interest is strong enough to overcome selling pressure, often leading to a price increase. This zone typically forms at a significant support level where buyers perceive the stock as undervalued and are willing to purchase in large quantities. 2. Identifying the Demand Zone To identify the demand zone for Astral, we need to look at historical price action. Key steps include: Support Levels: Identify areas where the stock price has previously halted its decline and reversed upwards. Volume Analysis: Look for high trading volumes at these support levels, indicating strong buying interest. Candlestick Patterns: Observe bullish reversal patterns like hammer, engulfing patterns, or doji around these support levels. 3. Current Price Movement Analysis When Astral's price starts moving towards the demand zone, several indicators can provide insight into the potential behavior: Trend Analysis: Determine the overall trend using moving averages (e.g., 50-day or 200-day MA). If the trend is downwards, the approach to the demand zone might signal a potential reversal. Momentum Indicators: Use RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) to gauge the strength of the current move. An RSI near or below 30 indicates the stock is oversold, which can precede a reversal. 4. Volume Confirmation As Astral approaches the demand zone, volume analysis becomes crucial: Increased Volume on Decline: A declining stock price with decreasing volume might suggest weakening selling pressure. Volume Spike at Demand Zone: A significant volume spike when the price reaches the demand zone can indicate strong buying interest and potential reversal. 5. Price Action at the Demand Zone Once Astral reaches the demand zone, the behavior of the price can confirm the zone’s strength: Consolidation: The price might consolidate within the demand zone, showing a balance between buyers and sellers before a potential breakout. Bullish Candlestick Patterns: Look for patterns such as bullish engulfing, morning star, or hammer, which suggest a reversal. 6. Entry and Risk Management For traders looking to capitalize on this movement: Entry Point: Consider entering a long position when there is confirmation of buying pressure within the demand zone, supported by bullish candlestick patterns and increased volume. Stop-Loss: Place a stop-loss order slightly below the demand zone to manage risk, protecting against further downside if the demand zone fails. Target Price: Set a target price based on previous resistance levels or use a risk-reward ratio of at least 2:1. 7. Monitoring and Adjustments Regular Monitoring: Continuously monitor the stock's price action and volume. Be prepared to adjust your stop-loss and take-profit levels based on new price action. Market Conditions: Stay informed about broader market conditions and news that could impact Astral’s price movement.
NSE:ASTRAL
by trad_corn
Nifty 50 Trading view for 05 May 2023Nifty50 closed at 18089 as there was selling pressure observed in metal, banking, and technology stocks. SGX nifty signals a neutral to gap down opening. Markets closed lower prior to the US Fed policy meeting. Strong buys from FIIs saved the day along with strong economic data. FIIs' cash purchase was 1338 CR and DIIs bought 584 CR (Net positive of 754) As expected, the US Fed declared a 0.25% hike in interest rates. They also pointed out that there could be a pause in future hikes. This is positive news and hopefully, a 0.25% increment would have already been factored in our earlier trades. But quite interestingly US stocks ended in the red, shedding their gains. This could be due to banking crisis worries and the debt ceiling (US govt payment obligations as of June 1st). Today the market is expected to be in the range of 18200 on the upper side and 17975 on the lower side. The overall sentiment is neutral to bullish, as Nifty has managed to stay afloat above 18000. As mentioned earlier, it's important for the index to retain its position above 18000 levels and cross 18233 levels to see further upside. Suggested to trade in limited quantities with strict stop loss or hedging strategy. Support and Resistance: Resistance: 1.64 CR Call OI buildup @ 18200 level. A huge call writing was observed at the 18100 and 18200 levels. Support: 1.22 CR Put OI buildup @ 18000 level (STRONG SUPPORT @ 18000 LEVEL) 17800 still seems to be a crucial support level (make or break level) Do keep a close watch on these levels and nearby strike prices to determine the next move in the market. It is important to keep a close watch on VIX as it dropped to 11.84 (0.48%). This index confirms risk sentiment in the market. Chart Pattern: A small red hammer was formed after six consecutive green candles. There could be possible consolidation or minor weakness observed in the next 1 to 2 sessions. Apart from 18000, 17900 also seems to be a crucial support for the index. Possible Trading Levels: UPSIDE TRADE: Buy only above 18120 >>>>> Buy ITM 18100 CE. (TGT 18180 | SL 18075) DOWNSIDE TRADE: Sell only below 18050 >>>>> Buy ITM 18100 PE (TGT 17980 | SL 18100) Things to account for 05 May 2023: 1. The Fed raised the interest rate by 25bps. A pause is expected in further rate increases as highlighted by the Fed. 2. DOW JONES Down -270.29, OR -0.80 PERCENT, AT 33414 despite opening positive 33,726.64. This can have a bearing on today's trade. 3. Corporate Results: Housing Development Finance Corporation, Hero MotoCorp, Adani Enterprises, Dabur India, Tata Power, TVS Motor, Sundram Fasteners, 360 ONE WAM, Aptus Value Housing Finance, Blue Star, Bombay Dyeing & Manufacturing Company, CEAT, FirstSource Solutions, IDFC, Jammu & Kashmir Bank, Mindspace Business Parks REIT, and United Breweries. Trading is risky, and it is advised to consult a financial advisor prior to trading. These are purely my opinion based on my trading experience and exercise caution while trading. Many of these strategies are subject to adjustments as per market movements as markets are dynamic and change due to several factors. If you require a financial advisor to assist you with investing or trading needs, please contact us using the comments section. HAPPY TRADING!!!
NSE:NIFTY
by SunilA75
1
IDBI - IDBI BANK LTD Bullish!ON 12TH MARCH Watch for IDBI. SHORT TERM AND POSITIONAL CALL FOR TARGET 41/42/43.70 STOP LOSS: 35.0 Highlighted in rectangle to Mark Trend Reversal after previous 2 day short covering and ready to move up. 1) MACD -Good 2) RCI - Good 3) Volume - Good Looks positive move from here Other technical aspects 1) Moving Averages: BUY 2) Technical Indicators: STRONG BUY 3) Only concern is Overbought, but since market seems to be positive on 12th March 2021, script seems good to move. RSI(14) 71.261 Buy STOCH(9,6) 70.427 Buy STOCHRSI(14) 89.344 Overbought MACD(12,26) 1.780 Buy ADX(14) 50.217 Buy Williams %R -12.821 Overbought CCI(14) 119.5536 Buy ATR(14) 2.4071 High Volatility Highs/Lows(14) 3.5786 Buy Ultimate Oscillator 50.706 Neutral ROC 18.238 Buy Bull/Bear Power(13) 6.0820 Buy Summary: STRONG BUY NOTE: THIS IS TRULY BASIS MY FINDINGS AND ANY POSITION OR TRADE ON THIS STOCK WILL BE AT YUR OWN COST, TIME AND RISK.
NSE:IDBI
by hardeepssethi
NIFTY 50 PREDICTION OF 17-09-2020TOMORROW, THERE IS MORE CHANCES TO OPEN MARKET IN HIGH GAP UP LIKE ABOVE 11651. IF MARKET OPEN ABOVE 11650, CHECK MARKET TREND AND READY FOR SHORT SELLING AT MUCH HIGHEST POINT LIKE 11680 IN HALF SESSION. TOMORROW, THERE IS CHANCES MARKET CLOSE IN LITTLE GREEN CANDLE. 1. MARKET CAN STABLE FOR TOMORROW. 2. RANGE 11650-11700 IF OPEN 11580-11600 3.RANGE 11650-11550 IF OPEN 11650-11675 KEY POINT FOR 17-09-2020 STRONG SUPPORT - 11525-11550 AND 11450-11500 STRONG RESISTANCE- 11700 AND 11750. MARKET SENTIMENTS IN STRONG BUYING, SPECIALLY IN PHARMA AND BANKING SECTORS. BUY TATA POWER IN AT 55-56 RE. FOR TARGET PRICE 80 RS. (30 DAYS) BUY SBI IN 195-198 FOR 220-250 (15-30 DAYS) BUY ITI IN 125-130 FOR 180 ( 60 DAYS)
NSE:NIFTY
by MaheshRaj1995
1
Zomato Looks good this week starting 20th Feb 2023Zomato Technical Analysis for this week moving averages indicating: strong buy technical indicators indicating : strong buy Technical Indicators stoch(9,6) 65.133 buy macd(12,26) 0.710 buy adx(14) 41.266 buy cci(14) 167.5617 buy atr(14) 0.5750 high volatility highs/lows(14) 1.6857 buy ultimate oscillator 60.203 buy roc 5.202 buy bull/bear power(13) 3.1560 buy Moving Averages (ma) ma5, ma10, ma20, ma50, ma100, ma 200 Note: the analysis is purely for educational purpose and not for the trade on this script.
NSE:ZOMATO
by hardeepssethi
devyani international ltd.Let's conduct a **technical analysis** of **Devyani International Ltd.** (Devyani), which is one of the largest franchisees of Yum! Brands in India, operating popular brands like Pizza Hut, KFC, and Taco Bell. --- ### **Technical Analysis of Devyani International Ltd.** #### **1. Support and Resistance Levels** - **Support Levels:** - Support levels are where the stock has previously found a floor or a reversal point. - **Example Support Levels:** If Devyani has bounced at ₹175, ₹180, or ₹185 in recent times, these levels are key areas to monitor. - A drop below these levels could signal a bearish trend or a deeper correction. - **Resistance Levels:** - Resistance is where the stock faces selling pressure and struggles to move higher. - **Example Resistance Levels:** Levels such as ₹210, ₹220, or ₹230 could be strong resistance levels for the stock. - A breakout above these levels could indicate further bullish momentum. #### **2. Moving Averages (MA)** - **50-day Moving Average (MA):** - The 50-day MA is a short-term trend indicator. If the stock is trading above the 50-day MA, it indicates short-term bullishness. - **Example:** If Devyani is trading at ₹200 and the 50-day MA is ₹190, it suggests short-term upward momentum. - **200-day Moving Average (MA):** - The 200-day MA represents the long-term trend. If the stock is above the 200-day MA, it suggests a long-term bullish trend. - **Example:** If the stock is at ₹200 and the 200-day MA is ₹180, it signals the stock is in a long-term bullish phase. #### **3. RSI (Relative Strength Index)** - **RSI Levels:** - **Above 70:** This suggests the stock may be overbought, indicating that a pullback or consolidation might occur. - **Below 30:** This suggests the stock may be oversold, potentially indicating a buying opportunity. - **Current Example:** - If the RSI is **above 70**, it suggests that Devyani may be overbought, which could result in a pullback or correction. - If the RSI is **below 30**, it may indicate that the stock is oversold, and it could reverse or bounce back. #### **4. MACD (Moving Average Convergence Divergence)** - **Bullish Signal:** A bullish signal occurs when the MACD line crosses above the signal line, suggesting potential upward momentum. - **Bearish Signal:** A bearish signal occurs when the MACD line crosses below the signal line, indicating a potential downward movement. - **Current Example:** - If the MACD line is **above the signal line**, it suggests bullish momentum for Devyani. - If the MACD line is **below the signal line**, it suggests bearish pressure and potential downward movement. #### **5. Volume Analysis** - **Increasing Volume:** If the stock is moving upwards with increasing volume, this confirms strong buying interest and a healthy trend. - **Decreasing Volume:** If the price is moving up or down with decreasing volume, it indicates a lack of conviction behind the move. - **Current Example:** - If Devyani is rising with increasing volume, it indicates that the buying interest is strong and supports the bullish trend. - If the stock rises with decreasing volume, it might indicate weakening momentum or a possible reversal. #### **6. Candlestick Patterns** - **Bullish Patterns:** - Patterns like **Bullish Engulfing**, **Morning Star**, or **Hammer** near support levels signal a potential upward reversal. - **Bearish Patterns:** - Patterns like **Shooting Star**, **Bearish Engulfing**, or **Evening Star** near resistance levels signal a potential downward reversal. - **Current Example:** - A **Bullish Engulfing** pattern near ₹190 could indicate a potential reversal to the upside. - A **Shooting Star** pattern near ₹220 could indicate a potential reversal to the downside. #### **7. Fibonacci Retracement Levels** - **Fibonacci Levels** help identify potential support and resistance during a pullback. The key levels are **23.6%, 38.2%, 50%, 61.8%**. - **Current Example:** - If Devyani has moved from ₹180 to ₹220, you can check the Fibonacci retracement levels for support during a pullback: - **23.6% retracement** around ₹210 - **38.2% retracement** around ₹200 - **50% retracement** around ₹190 - **61.8% retracement** around ₹180 These Fibonacci levels can serve as potential support levels if the stock faces a price correction. --- **Disclaimer:** - I am not a SEBI-registered professional or licensed financial advisor. - This analysis is based on historical price data, technical indicators, and general market trends. - Any decisions you make based on this information are entirely at your own risk. Please consult a licensed financial advisor before making any investment decisions. - Technical analysis cannot guarantee future results, and stock prices can be influenced by numerous factors, including news, economic data, and other market developments.
NSE:DEVYANILong
by Globaltradehub
Ashok Leyland: A Long-Term Bullish SetupTechnical Analysis: Ashok Leyland has maintained a robust bullish trend for an extended period. Since 2018, the stock faced significant resistance at the ₹160-₹168 level, which acted as a major barrier from 2016 to 2023. In June 2023, this resistance was decisively broken, turning it into strong support and confirming the continuation of the bullish trend. In 2024, the stock has consistently respected this support level, reinforcing its strength. Today, the stock recorded a trading volume of 36.51 million, the highest in the past six months. This surge in volume indicates strong buying interest, further confirming the ongoing bullish momentum. Currently, Ashok Leyland has formed a bull flag pattern, a classic continuation setup suggesting potential upward movement. If the flag breakout occurs, we can anticipate a move equal to the pole height of 88 points. Target Projections: • First Target: ₹236 • Second Target: ₹260 • Third Target: ₹300 This analysis is based on the weekly timeframe, signifying a strong long-term investment opportunity. Fundamental Analysis: Ashok Leyland has announced its Q3 FY24 earnings, demonstrating strong financial performance. The company's total revenue for the quarter stands at ₹12,060 crore, reflecting growth from ₹11,262 crore in Q2 FY24 and ₹11,119 crore in Q3 FY23, showcasing consistent upward momentum. The company’s expenses for Q3 FY24 amounted to ₹10,938 crore, compared to ₹10,314 crore in Q2 FY24 and ₹10,155 crore in Q3 FY23, indicating effective cost management while maintaining growth. Additionally, the net profit for the quarter reached ₹820 crore, improving from ₹767 crore in Q2 FY24 and ₹609 crore in Q3 FY23, reflecting a strong profitability trend. The Earnings Per Share (EPS) also improved to ₹2.59, compared to ₹2.40 in Q2 FY24 and ₹1.91 in Q3 FY23, reinforcing investor confidence. Following the strong Q3 results, the stock surged by 7%, with management emphasizing impressive financial performance and industry-leading margins. Furthermore, the company has successfully eliminated its debt, becoming net cash positive, a significant turnaround from past financial challenges. Management remains optimistic about future quarters, expecting even better performance and robust international growth prospects. Financial Performance Overview: Below is a comparison of key financial metrics for Ashok Leyland across the last quarter and last year (values in ₹ crore): Revenue Growth: ₹12,060 Cr in Q3 FY24, up from ₹11,262 Cr in Q2 FY24 and ₹11,119 Cr in Q3 FY23. Increase in Expenses: ₹10,938 Cr in Q3 FY24, compared to ₹10,314 Cr in Q2 FY24 and ₹10,155 Cr in Q3 FY23. Net Profit Surge: ₹820 Cr in Q3 FY24, higher than ₹767 Cr in Q2 FY24 and ₹609 Cr in Q3 FY23. EPS Improvement: Earnings per Share (EPS) at ₹2.59 in Q3 FY24, up from ₹2.40 in Q2 FY24 and ₹1.91 in Q3 FY23. Consistent Growth: Strong performance with a steady rise in revenue, profit, and EPS compared to both QoQ and YoY. The company's revenue has shown steady growth, with a 7.1% increase from Q2 FY24 and an 8.5% year-over-year increase from Q3 FY23. The net profit has grown significantly by 34.6% year-over-year, highlighting strong operational efficiency and financial health. EPS growth further reflects the company’s ability to generate higher returns for shareholders. Conclusion: With both technical and fundamental factors favouring the stock, Ashok Leyland presents a compelling long-term investment opportunity. A successful bull flag breakout could drive the stock towards higher levels in the coming months. The company’s improving financials, increasing revenue, and debt-free status further strengthen its investment appeal. Traders and investors should monitor the breakout levels closely and align their strategies accordingly. Disclaimer: This analysis is for educational purposes only. Investors should conduct their own research before making any trading decisions.
NSE:ASHOKLEYLong
by ALICEBLUE
Ashok Leyland: A Long-Term Bullish SetupTechnical Analysis: Ashok Leyland has maintained a robust bullish trend for an extended period. Since 2018, the stock faced significant resistance at the ₹160-₹168 level, which acted as a major barrier from 2016 to 2023. In June 2023, this resistance was decisively broken, turning it into strong support and confirming the continuation of the bullish trend. In 2024, the stock has consistently respected this support level, reinforcing its strength. Today, the stock recorded a trading volume of 36.51 million, the highest in the past six months. This surge in volume indicates strong buying interest, further confirming the ongoing bullish momentum. Currently, Ashok Leyland has formed a bull flag pattern, a classic continuation setup suggesting potential upward movement. If the flag breakout occurs, we can anticipate a move equal to the pole height of 88 points. Target Projections: • First Target: ₹236 • Second Target: ₹260 • Third Target: ₹300 This analysis is based on the weekly timeframe, signifying a strong long-term investment opportunity. ________________________________________ Fundamental Analysis: Ashok Leyland has announced its Q3 FY24 earnings, demonstrating strong financial performance. The company's total revenue for the quarter stands at ₹12,060 crore, reflecting growth from ₹11,262 crore in Q2 FY24 and ₹11,119 crore in Q3 FY23, showcasing consistent upward momentum. The company’s expenses for Q3 FY24 amounted to ₹10,938 crore, compared to ₹10,314 crore in Q2 FY24 and ₹10,155 crore in Q3 FY23, indicating effective cost management while maintaining growth. Additionally, the net profit for the quarter reached ₹820 crore, improving from ₹767 crore in Q2 FY24 and ₹609 crore in Q3 FY23, reflecting a strong profitability trend. The Earnings Per Share (EPS) also improved to ₹2.59, compared to ₹2.40 in Q2 FY24 and ₹1.91 in Q3 FY23, reinforcing investor confidence. Following the strong Q3 results, the stock surged by 7%, with management emphasizing impressive financial performance and industry-leading margins. Furthermore, the company has successfully eliminated its debt, becoming net cash positive, a significant turnaround from past financial challenges. Management remains optimistic about future quarters, expecting even better performance and robust international growth prospects. ________________________________________ Financial Performance Overview: Below is a comparison of key financial metrics for Ashok Leyland across the last quarter and last year (values in ₹ crore): Revenue Growth: ₹12,060 Cr in Q3 FY24, up from ₹11,262 Cr in Q2 FY24 and ₹11,119 Cr in Q3 FY23. Increase in Expenses: ₹10,938 Cr in Q3 FY24, compared to ₹10,314 Cr in Q2 FY24 and ₹10,155 Cr in Q3 FY23. Net Profit Surge: ₹820 Cr in Q3 FY24, higher than ₹767 Cr in Q2 FY24 and ₹609 Cr in Q3 FY23. EPS Improvement: Earnings per Share (EPS) at ₹2.59 in Q3 FY24, up from ₹2.40 in Q2 FY24 and ₹1.91 in Q3 FY23. Consistent Growth: Strong performance with a steady rise in revenue, profit, and EPS compared to both QoQ and YoY. The company's revenue has shown steady growth, with a 7.1% increase from Q2 FY24 and an 8.5% year-over-year increase from Q3 FY23. The net profit has grown significantly by 34.6% year-over-year, highlighting strong operational efficiency and financial health. EPS growth further reflects the company’s ability to generate higher returns for shareholders. ________________________________________ Conclusion: With both technical and fundamental factors favouring the stock, Ashok Leyland presents a compelling long-term investment opportunity. A successful bull flag breakout could drive the stock towards higher levels in the coming months. The company’s improving financials, increasing revenue, and debt-free status further strengthen its investment appeal. Traders and investors should monitor the breakout levels closely and align their strategies accordingly. ________________________________________ Disclaimer: This analysis is for educational purposes only. Investors should conduct their own research before making any trading decisions.
NSE:ASHOKLEYLong
by Rupesh_Chidharala
Ashok Leyland: A Long-Term Bullish SetupTechnical Analysis: Ashok Leyland has maintained a robust bullish trend for an extended period. Since 2018, the stock faced significant resistance at the ₹160-₹168 level, which acted as a major barrier from 2016 to 2023. In June 2023, this resistance was decisively broken, turning it into strong support and confirming the continuation of the bullish trend. In 2024, the stock has consistently respected this support level, reinforcing its strength. Today, the stock recorded a trading volume of 36.51 million, the highest in the past six months. This surge in volume indicates strong buying interest, further confirming the ongoing bullish momentum. Currently, Ashok Leyland has formed a bull flag pattern, a classic continuation setup suggesting potential upward movement. If the flag breakout occurs, we can anticipate a move equal to the pole height of 88 points. Target Projections: • First Target: ₹236 • Second Target: ₹260 • Third Target: ₹300 This analysis is based on the weekly timeframe, signifying a strong long-term investment opportunity. ________________________________________ Fundamental Analysis: Ashok Leyland has announced its Q3 FY24 earnings, demonstrating strong financial performance. The company's total revenue for the quarter stands at ₹12,060 crore, reflecting growth from ₹11,262 crore in Q2 FY24 and ₹11,119 crore in Q3 FY23, showcasing consistent upward momentum. The company’s expenses for Q3 FY24 amounted to ₹10,938 crore, compared to ₹10,314 crore in Q2 FY24 and ₹10,155 crore in Q3 FY23, indicating effective cost management while maintaining growth. Additionally, the net profit for the quarter reached ₹820 crore, improving from ₹767 crore in Q2 FY24 and ₹609 crore in Q3 FY23, reflecting a strong profitability trend. The Earnings Per Share (EPS) also improved to ₹2.59, compared to ₹2.40 in Q2 FY24 and ₹1.91 in Q3 FY23, reinforcing investor confidence. Following the strong Q3 results, the stock surged by 7%, with management emphasizing impressive financial performance and industry-leading margins. Furthermore, the company has successfully eliminated its debt, becoming net cash positive, a significant turnaround from past financial challenges. Management remains optimistic about future quarters, expecting even better performance and robust international growth prospects. ________________________________________ Key Highlights – Q3 FY24 Financial Performance Revenue Growth: ₹12,060 Cr in Q3 FY24, up from ₹11,262 Cr in Q2 FY24 and ₹11,119 Cr in Q3 FY23. Increase in Expenses: ₹10,938 Cr in Q3 FY24, compared to ₹10,314 Cr in Q2 FY24 and ₹10,155 Cr in Q3 FY23. Net Profit Surge: ₹820 Cr in Q3 FY24, higher than ₹767 Cr in Q2 FY24 and ₹609 Cr in Q3 FY23. EPS Improvement: Earnings per Share (EPS) at ₹2.59 in Q3 FY24, up from ₹2.40 in Q2 FY24 and ₹1.91 in Q3 FY23. Consistent Growth: Strong performance with a steady rise in revenue, profit, and EPS compared to both QoQ and YoY. The company's revenue has shown steady growth, with a 7.1% increase from Q2 FY24 and an 8.5% year-over-year increase from Q3 FY23. The net profit has grown significantly by 34.6% year-over-year, highlighting strong operational efficiency and financial health. EPS growth further reflects the company’s ability to generate higher returns for shareholders. ________________________________________ Conclusion: With both technical and fundamental factors favouring the stock, Ashok Leyland presents a compelling long-term investment opportunity. A successful bull flag breakout could drive the stock towards higher levels in the coming months. The company’s improving financials, increasing revenue, and debt-free status further strengthen its investment appeal. Traders and investors should monitor the breakout levels closely and align their strategies accordingly. ________________________________________ Disclaimer: This analysis is for educational purposes only. Investors should conduct their own research before making any trading decisions.
NSE:ASHOKLEYLong
by Rupesh_Chidharala
1
Chambal Fertilisers & Chemicals Ltd: Combined Technical and FundTechnical Analysis Insights: Head and Shoulders Breakout: The stock has completed a bullish Head and Shoulders pattern, breaking out of a 162-day consolidation range. This indicates strong buying momentum and the potential for further upside. A price target of ₹642.95 has been projected, derived from the pattern, with intermediate retracement zones identified between ₹556–₹521. Key Support/Resistance Levels: The stock has breached the Supply Zone and is now trading above it. Multiple levels of support have been identified at ₹555.75, ₹524.20, ₹486.25, and ₹432.55, which may act as strong areas for price stability. Fundamental Analysis Insights: 1. Revenue and Profit Growth: *19% revenue growth and 25% profit after tax increase in the latest nine-month period. *16% EBITA growth year-over-year, reflecting improved operational efficiency. 2. Operational Efficiency: Operating units ran at optimal capacity, with a year-over-year increase in production and sales volumes, showcasing effective resource utilization and increasing market demand. 3. Product Expansion: The company introduced two new crop protection products, expanding its portfolio to 64 products across 13 states, enhancing its competitive positioning in the agricultural sector. 4. Sustainability Focus: Chambal Fertilisers entered into a research agreement with the Energy and Resources Institute to develop sustainable agricultural solutions. This partnership positions the company favorably in an industry increasingly prioritizing sustainability. Combined Outlook: Short-Term (Technical): The technical breakout and projected target of ₹642.95 align with strong momentum and buying interest. The ₹556–₹521 retracement zone offers a potential entry point for investors seeking to benefit from the upward trend. Long-Term (Fundamental): The company’s solid revenue and profit growth, along with its expanded product portfolio and focus on sustainability, provide a strong foundation for future growth. This complements the technical breakout, signaling long-term value creation. Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial or investment advice. Investing in the stock market involves risks, and past performance is not indicative of future results. Conduct your own thorough research before making any investment decisions. The analysis provided does not guarantee any specific outcome.
NSE:CHAMBLFERT
by ALICEBLUE
Hyundai Stock Analysis: Is This the Start of a Powerful Bullish The Hyundai stock chart is showcasing a textbook Elliott Wave structure, with the corrective (5) wave phase completed and a new impulsive wave emerging. The recent breakout above critical levels hints at a potential rally, but a final confirmation is needed. Let’s dive deeper into the technicals and uncover trading opportunities! Key Support and Resistance Levels 🔑 Support Zones: • ₹1,736.25: The key rebound zone where the rally started. • ₹1,829.80: The breakout level, now acting as support. 🔑 Resistance Zones: • ₹1,933.85: A strong hurdle where the price faces selling pressure. • ₹2,050: The next psychological barrier for bulls. Next Breakout Target 🎯 If the price successfully breaks and sustains above ₹1,933.85 with strong volume, the next target lies at ₹2,050. Traders should keep an eye on consolidation patterns around these levels. Price Action Analysis 📊 • The stock formed a bullish Engulfing Candlestick at ₹1,829.80, signaling strong buying interest. • A minor rejection near ₹1,933.85 highlights hesitation but not a reversal. Indicator Insights 🔍 📈 Moving Averages (MAs): • Price above the 50-day and 200-day MAs = Bullish Momentum. 📈 Relative Strength Index (RSI): • RSI at 70 = Slightly overbought; expect minor consolidation or pullbacks. 📈 MACD: • Positive crossover above zero = Momentum supports the bulls. 📈 Bollinger Bands: • Price near the upper band = Potential for short-term cooling before further upside. Volume Analysis 🔦 Volume spikes during the breakout above ₹1,829.80 confirmed strong buying pressure. However, reduced volume near ₹1,933.85 suggests cautious optimism. Trend & Momentum 📐 The stock is in a clear uptrend, forming higher highs and higher lows. Momentum indicators support further bullish movement. Trading Opportunities 🎯 Long Opportunity: • Entry: ₹1,850 on a pullback. • Stop-Loss: ₹1,800. • Target 1: ₹1,933.85. • Target 2: ₹2,050. 🎯 Short Opportunity: • Entry: ₹1,920 if resistance holds. • Stop-Loss: ₹1,950. • Target: ₹1,829.80. Risk Management Strategy • Position Sizing: Keep risk under 2% of total capital. • Risk-Reward Ratio: Maintain a 1:2 ratio for all trades. Future Projections 🚀 🔹 Bullish Scenario: Breakout above ₹1,933.85 leads to ₹2,050 and beyond. 🔹 Bearish Scenario: A drop below ₹1,829.80 signals a retracement to ₹1,736.25. Upcoming News & Events 📰 • Earnings Report: Watch for any surprise earnings that could fuel a rally. • Macro Factors: Monitor sector trends and broader market sentiment. Disclaimer This analysis is for educational and informational purposes only. It is not financial advice. Do your research or consult a financial advisor before making any investment decisions. Trading in the stock market involves significant risk. By Hiren Soni Trader 📈 | Finance & Global Markets Enthusiast 🌍 | Fund Advisor 💼 Turning insights into growth 🚀
NSE:HYUNDAI
by Veersoni108
Long Trade Idea: NSE:RADICO🚀 Long Trade Idea: NSE:RADICO (Radico Khaitan Ltd) 🚀 📌 Current Price: ₹2,111.20 📌 Analyst Target Range (1-Year Forecast): ₹2,380 - ₹2,996 📌 Analyst Consensus: Strong Buy 📊 Technical Analysis Highlights: 1️⃣ Liquidity Sweep: - Today's daily candle has swept the liquidity from 22nd October 2024, signaling a possible bottom formation and potential reversal. 2️⃣ Nen Star Harmonic Pattern (27.01.2025): - This harmonic pattern is a strong reversal signal, suggesting the end of the ongoing downtrend and a shift towards bullish momentum. 3️⃣ Relative Strength vs. NSE:NIFTY: - The 123-period Relative Strength (RS) of RADICO compared to NSE:NIFTY is positive, indicating outperformance and potential upside in the coming sessions. 4️⃣ Chart Pattern - Falling Wedge: - The stock is forming a falling wedge, which is a bullish breakout pattern. A breakout above resistance could trigger a strong upside move. 5️⃣ Discounted Price Opportunity: - The stock is trading at a heavy discount relative to analyst price forecasts and fundamental valuation, making it an attractive buy for traders and investors. - Revenue Growth: Consistent increase in revenue driven by premiumization of products. - Profit Margins: Healthy margins indicate strong pricing power. - Industry Outlook: Alcoholic beverages sector remains resilient with growing demand in India. ⚠️ Disclaimer: *This analysis is for educational and informational purposes only and should not be considered as financial advice. Stock market investments involve risk. Please do your own research or consult a certified financial advisor before making any investment decisions. I am not a certified financial analyst.*
NSE:RADICOLong
by profitpulsepro
This chart displays the analysis of Indian Telephone Industries Key Observations Current Price and Trend: The stock is trading at ₹390, showing a decline of 3.91% for the day. A pullback is observed from the peak of wave (3), currently consolidating in wave (4). Elliott Wave Analysis: The impulse structure indicates that wave (5) is yet to unfold. Key Fibonacci levels are highlighted: Wave (5) targets are projected around ₹684.95 (1.0 Fibonacci) and ₹868.95 (1.618 Fibonacci). Support Levels: Strong support zones are identified at ₹387.20 (0.537 retracement) and ₹287. Resistance Levels: Resistance is noted at ₹406.35, which coincides with the previous breakout level. Volume Analysis: Increasing volume during upward moves suggests strong buying interest. Declining volume during pullbacks is a healthy sign of consolidation. Buy/Sell Zones: Historical buy and sell signals are marked, showing the effectiveness of prior price action strategy. Projected Path: The chart outlines two potential scenarios for wave (5): A conservative rally towards ₹684.95. An extended rally to ₹868.95. Post Recommendation Title: ITI Limited Elliott Wave Analysis: Is Wave (5) the Next Big Move? Content: Indian Telephone Industries Limited is currently consolidating in wave (4) after a strong rally in wave (3). The stock has critical support at ₹387.20 and ₹287, which could provide a base for the next upward move. Projected targets for wave (5) are: Primary: ₹684.95 Extended: ₹868.95 Traders may look for a breakout above ₹406.35 for confirmation of wave (5)'s onset. Maintain caution, as a breach below ₹387.20 could invalidate the wave (5) structure. Volume trends and Fibonacci levels align with the bullish setup.
NSE:ITILong
by SHARE-ALAM
1