Get started

Search in ideas for "STRONG BUY"

NHPC - Medium Term Analysis### Volume Contraction Pattern 1. **Ascending Triangle**: The price action forms an ascending triangle, which is typically a bullish continuation pattern. The price is making higher lows while the resistance level remains relatively flat. 2. **Volume**: There's a noticeable decrease in volume during the formation of the triangle, which is common as traders await a breakout. ### RSI Breakout 1. **RSI Indicator**: The Relative Strength Index (RSI) is breaking above the downtrend line, which is a bullish signal indicating increasing momentum. 2. **Current RSI Level**: The RSI value is 73.30, which is in the overbought territory. This could imply strong buying pressure, but also warrants caution for a potential pullback. ### Price Levels 1. **Current Price**: The stock is trading at INR 114.07. 2. **Resistance Levels**: Key resistance levels are identified at INR 145.27 and INR 176.28. These levels can serve as potential targets if the breakout sustains. ### Overall Analysis - **Bullish Outlook**: The breakout above the ascending triangle's resistance, combined with the RSI breakout, suggests a strong bullish momentum. - **Volume Confirmation**: Ideally, a breakout should be accompanied by an increase in volume to confirm the strength of the move. - **Caution on Overbought RSI**: Although the RSI breakout is bullish, the overbought level suggests that there might be a short-term pullback before the price continues higher. ### Strategy - **Entry**: Consider entering a position if the price sustains above the breakout level with increased volume. - **Targets**: Set targets around the identified resistance levels (INR 145.27 and INR 176.28). - **Stop-Loss**: Place a stop-loss slightly below the breakout level or the most recent swing low within the triangle to manage risk. This analysis assumes a bullish bias given the technical indicators. However, always consider broader market conditions and perform due diligence before making any trading decisions.
NSE:NHPC
by brijmohan_h
NZD/USD Market Analysis (15 Minutes) 09-JulCurrent Market Structure: M15 NZD/USD chart shows a clear bearish structure with a (BOS) at 0.6120. After the BOS occurred, the price recovered and is currently trading near an important supply zone. Entry Points: Short entry point would be at the supply zone between 0.6120 and 0.6130. This is the area where strong selling pressure has appeared before and is likely to continue to create resistance when the price returns. Exit Points: - Take Profit: The take profit point should be placed at the demand zone on the H1 chart, around 0.6080. This is an area where strong buying pressure has appeared before and may create support when the price drops. - Stop Loss: The stop loss should be placed above the supply zone, around 0.6140. This is to protect against unexpected fluctuations and minimize risks. Recommendations: - Trading Recommendations: With the current market structure, the recommended trading strategy is to enter a short order in the supply zone (0.6120 - 0.6130), set a stop loss at 0.6140 and take profit at 0.6080. - Note: Always adhere to the risk management principle, only trade with the volume appropriate to your account. Closely monitor price action to be able to adjust the strategy in time. Wish you successful trading and always achieve stable profits!
Short
by JohnnyTranFx
Global Offshore Services Ltd going strong.Technical and Fundamental Anaylysis for Global Offshore Services Ltd. If you like the analysis, please do not hesitate to give boost to the stock idea. ### Price Action Analysis 1. **Head and Shoulders Pattern:** - **Left Shoulder:** Formed around mid-2022. - **Head:** Formed around early 2023. - **Right Shoulder:** Currently forming around mid-2023 to 2024. - This is a typical reversal pattern indicating a potential change in the trend from bearish to bullish. 2. **Ascending Channel:** - The price is moving within an ascending channel, suggesting a gradual increase in price. - The upper and lower boundaries of the channel are acting as resistance and support levels, respectively. 3. **Cup and Handle Pattern:** - A large cup and handle pattern appears to be forming over several years, with the bottom of the cup around 2020 and the handle forming currently. - This is another bullish pattern that can indicate a continuation of the uptrend once the pattern is completed. ### Volume Analysis - **Increasing Volume:** The recent candles show increasing volume, especially around the right shoulder formation, which is a positive sign. This suggests strong buying interest and supports the bullish patterns identified. ### Summary - **Bullish Indicators:** - The head and shoulders bottom pattern, cup and handle pattern, and ascending channel all suggest a bullish outlook for Global Offshore Services Ltd. - Increasing volume and a rising RSI further support the bullish case. - **Key Levels to Watch:** - **Resistance:** The upper boundary of the ascending channel and the neckline of the head and shoulders pattern. - **Support:** The lower boundary of the ascending channel and the recent low of the right shoulder. - **Actionable Insight:** - If the price breaks above the neckline of the head and shoulders pattern with strong volume, it could be a signal to buy. - Conversely, if the price falls below the support levels with increasing volume, it might indicate a potential bearish reversal. Fundamentals from Screener.in Global Offshore Services Ltd. has had a turbulent financial history, with several key metrics providing insights into its performance over the past decade. ### Financial Performance and Ratios 1. **Revenue and Profit Growth**: - The company has experienced negative compounded sales growth over the past 10 years, with a significant decline observed in the last 5 years and 3 years as well - However, there has been a notable improvement in profit growth, particularly in the recent term, with a 70% increase in TTM (Trailing Twelve Months) profit growth 2. **Earnings and Net Profit**: - Despite past losses, Global Offshore Services reported a turnaround with a net profit of ₹38 crores in the most recent fiscal year, a significant recovery from previous years of losses. - The company's EPS (Earnings Per Share) also improved, although it still reflects the volatility experienced in past years. 3. **Debt and Liabilities**: - The company has significantly reduced its borrowings from ₹1,155 crores in 2019 to ₹37 crores in 2024, which indicates a strategic focus on debt reduction. - Total liabilities have also decreased, showing a more manageable financial structure. 4. **Cash Flows**: - Operating cash flow remains positive, indicating that the company's core operations are generating cash, albeit at lower levels compared to earlier years. - Cash from financing activities reflects the company's efforts to repay debt, resulting in negative cash flow from financing. ### Market Performance - The current share price of Global Offshore Services Ltd. is ₹65.21, with a PE ratio of 4.35. - The stock has shown significant gains over the past year, with a 1-year return of 60.86%. - The market capitalization of the company stands at ₹156.02 crores. ### Conclusion Global Offshore Services Ltd. appears to be in a recovery phase, with improved profitability and a stronger balance sheet due to reduced debt. The market has responded positively to these improvements, as reflected in the significant stock price gains. However, investors should remain cautious due to the historical volatility and ongoing challenges in revenue growth.
BSE:GLOBOFFSLong
by brijmohan_h
Rites - Symmetrical Traingle.Time Frame : Weekly ### Technical Analysis: 1. **Symmetrical Triangle Pattern**: - The chart shows a symmetrical triangle pattern, which is a consolidation pattern that usually leads to a continuation of the previous trend. - The price has recently broken out of the triangle, indicating a potential bullish move. 2. **Price Movement**: - The breakout has occurred with a significant move upwards, indicated by the large bullish candle. - The projected target from the breakout is around 1052.65 INR, which is a 42.34% increase from the breakout point. 3. **Volume**: - The volume has spiked during the breakout, which adds credibility to the breakout. Increased volume during breakouts generally signifies strong buying interest. 4. **RSI Divergence Indicator**: - The RSI (Relative Strength Index) is at 58.50, which is in the bullish territory but not overbought. - There is a noticeable bullish divergence in the RSI, where the price makes higher lows while the RSI makes lower lows. This often precedes upward price movement. ### Conclusion: - The symmetrical triangle breakout, coupled with increased volume and RSI divergence, suggests a strong bullish outlook for RITES LTD. - The price target based on the height of the triangle adds to the potential for a significant upside. - Traders might consider entering a position on a pullback to the breakout level or a continuation of the current trend.
NSE:RITESLong
by brijmohan_h
Analysis of Vodafone Idea - Rich to Rag Key Issue Recurring Annual Loss : The financial performance of company deteriorate over the years last 7 years. Before 2018 company was profitable and now reporting annual net loss Rs 31,238 cr. Hight Debt : Debt of the telecom operator is rising at an alarming rate. It owes Rs 2.1 trillion to the government, with a large part of it under moratorium until first half of FY26. VI would have repayments of Rs 29,100 crore in the second half of FY26. It has to pay Rs 43,000 crore annually over FY2027-31. Declining Subscribers Base : Vi had lost 19 percent market share since the merger. Hustle FPO : The company raised funds amounting ₹26075 crore (including proposed preferential issue of Rs. 4,533 Crore to Nokia, Oriana and Ericsson). Network Expansion : The proceeds from the FPO will be used primarily for network expansion, including the rollout of 5G services within the next six to nine months. Specifically, ₹12,750 crore from the FPO will be allocated for setting up 22,000 5G sites and expanding and upgrading existing 4G infrastructure. Spectrum : Vodafone announced acquisition of 50 MHz of spectrum across low band and mid band spectrum (900 MHz, 1800 MHz and 2500 MHz) in 11 circles at a total commitment of Rs. 3,510 Crore. Tariff Hike : Expected tariff hike, and the possibility of adjusted gross revenue (AGR) relief, this should significantly boost VI’s cash flow position. It may, however, still face a cash shortfall from the second half of FY26 once the ongoing moratorium on the government’s AGR and spectrum repayments ends Technical Parameter Long-Term Downtrend : From 2016 to 2020, the chart shows a significant long-term downtrend where the stock price consistently fell from higher levels to lower levels. Post-2020, there is a noticeable phase of consolidation where the stock price has been moving sideways with minor ups and downs, indicating a period of accumulation or indecision among investors. Current Resistance : The green trendline marked as "resistance" shows the price struggling to break above this level. This trendline connects the highs from different periods, indicating strong selling pressure around those levels. Price Increase: There is a noticeable increase in price from the FPO price of Rs 11 i.e., return of 64%. Increase in volume (Vol 21.156B) accompanying the price rise suggests strong buying interest. The chart indicates a potential upside of 190% if the stock can break past its current resistance levels and approach the historical resistance level around 75-80 INR. The previous lows and the consolidation range around 8-12 INR can act as support levels . Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
NSE:IDEALong
by Indieconomic
strong bullish breakout from its long-term downward channel✅The stock has been in a downward-sloping channel since October 2022, forming lower highs and lower lows. Recently, the price has broken above the upper boundary of this channel, indicating a potential reversal in trend. ✅There is an increase in volume, especially during the breakout above the upper boundary of the channel. This indicates strong buying interest and supports the potential trend reversal. ✅RSI near upper band and ready to give breakout & MACD histogram shows increasing bullish momentum, with the MACD line crossing above the signal line. ✅The breakout above the downward-sloping channel suggests the end of the long-term downtrend and the start of a new bullish phase.
NSE:AVADHSUGARLong
by Marketik
16
Swing Trade Alert : HSCL BreakoutI'm excited to share a promising swing trade setup for Himadri Speciality Chemical Limited (HSCL). The stock has given a strong breakout on the daily chart, backed by significant volume, pushing above the crucial resistance level of Rs 390. The stock has made a run-away gap on daily chart. With the stock trading above its 50-day and 200-day moving averages and an RSI at 65, HSCL shows a bullish outlook. The breakout volume indicates strong buying interest, making it a compelling swing trade candidate. The stock can seen touching new levels on higher side in upcoming day. Keep this in radar. 𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐚𝐧𝐲 Himadri Speciality Chemical Ltd is a global speciality chemical conglomerate Specializes in producing speciality carbon black, coal tar pitch, refined naphthalene, new energy materials, SNF, speciality oils, power, etc Serving industries such as lithium-ion batteries, paints, plastics, tires, aluminium, graphite electrodes, agrochemicals, defence and construction chemicals. Happy trading! 📈 Disclaimer: Chart shared is for educational purpose and does not include any investment or trading advice
NSE:HSCLLong
by Vipin_Dixena
RNDR Breakout: Triangle Pattern Leading to $20Render Token ( CRYPTOCAP:RNDR ) has formed a bullish ascending triangle pattern, a strong indicator of a potential upward breakout. Additionally, a bullish divergence has been identified, further reinforcing the likelihood of a positive price movement. RNDR is now bouncing from the trendline, showing strong buying interest and support at this level. These technical indicators suggest that RNDR could be heading towards a target of $20.
RLong
by crypto_vulture_signals
strong bullish breakout from its long-term downward channel✅The stock has been in a downward-sloping channel since October 2022, forming lower highs and lower lows. Recently, the price has broken above the upper boundary of this channel, indicating a potential reversal in trend. ✅There is an increase in volume, especially during the breakout above the upper boundary of the channel. This indicates strong buying interest and supports the potential trend reversal. ✅RSI near upper band and ready to give breakout & MACD histogram shows increasing bullish momentum, with the MACD line crossing above the signal line. ✅The breakout above the downward-sloping channel suggests the end of the long-term downtrend and the start of a new bullish phase.
NSE:AVADHSUGAR
by MISSION_TRADING
Breakout With High Volume & Strong Momentum ✅The stock has been in a long-term downtrend since mid-2021, forming lower highs and lower and recently broke the trend . ✅There is a noticeable increase in volume, supporting the recent breakout above the descending trendline. This suggests strong buying interest. ✅The stock is trading above its key moving averages, which have started to slope upwards, indicating bullish ✅RSI is trending upwards, showing increasing bullish momentum without reaching overbought levels.
NSE:AAVASLong
by Marketik
XauUsd :likely to aim for the FVG as immediate targetsOrder Block: The price is currently at a 4-hour order block, indicated by the blue dashed lines at around the 2293 level. This is typically a strong area of demand where buyers are likely to step in. Swing Structure: The overall structure remains bullish as long as the price does not break below the order block. A significant drop below this level could suggest a shift in market sentiment. Fair Value Gaps (FVG): Two fair value gaps (FVGs) are identified. These gaps represent inefficiencies in the market where the price is likely to return to fill them. Volume Analysis: Analyzing the volume below the price action shows a significant spike, suggesting strong buying interest at the current level.
FXOPEN:XAUUSDLong
by arshsetiaa
SWING IDEA - WELSPUN LIVINGWelspun Living , a company engaged in the home textiles and furnishings sector, presents a potential swing buying opportunity based on several technical factors. Reasons are listed below : The repeated testing of the 155-165 zone suggests the establishment of a robust support/resistance level. A potential breakout from this range could signify a notable market movement. Head and shoulders patterns are often seen as trend reversal patterns. In this case, if there's a head and shoulders pattern forming, and if it's confirmed with a breakout, it could indicate a reversal from a downward trend to an upward trend. An engulfing candle formed in weekly timeframe followed by a doji candle typically indicates a potential continuation in the prevailing market trend. Breakouts from long-term consolidation zones can lead to significant price movements, as they indicate a shift in market sentiment and a breakout from a period of indecision. Consistently forming higher highs is a characteristic of an uptrend and suggests that buyers are in control of the market. Increased trading volume can confirm the strength of a price movement. If volumes are increasing as the price moves higher, it suggests strong buying interest. Target - 185 // 215 // 255 Stoploss - weekly close below 137 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:WELSPUNLIVLong
by Visionary_Growth_Insights
3
#ETH/BTC Analysis: Major Support Trendline and Falling Wedge Bre#ETH/BTC Analysis: Major Support Trendline and Falling Wedge Breakout The 3ETH/BTC trading pair has been in a downtrend for the past 28 months, consistently forming lower highs and lower lows. However, recent price action indicates a potential reversal pattern that could signal the end of this prolonged bearish phase. Ethereum is currently taking support from a significant trendline and has formed a falling wedge, a bullish reversal pattern. Traders and investors are now eagerly awaiting a breakout, which could pave the way for Ethereum to reach new all-time highs, potentially hitting the $15,000 mark against Bitcoin. **Major Support Trendline:** Over the past 28 months, ETH/BTC has been respecting a major support trendline. This trendline has acted as a critical support level, preventing further declines on multiple occasions. Recently, Ethereum has once again found support at this trendline, indicating a strong base and potential for a reversal. **Falling Wedge Pattern:** A falling wedge is typically considered a bullish reversal pattern that forms after a downtrend. It is characterized by converging trendlines that slope downwards, with the upper trendline having a steeper slope than the lower one. In the case of ETH/BTC, the falling wedge pattern has been forming over several months, signaling that the downtrend might be losing momentum. **Breakout Confirmation:** For the falling wedge pattern to be validated, ETH/BTC needs to break above the upper trendline of the wedge. A confirmed breakout would typically be accompanied by increased trading volume, indicating strong buying interest. Once this breakout is confirmed, it would suggest that the bearish trend has ended, and a new bullish phase is beginning. **Price Target:** The breakout from the falling wedge pattern could lead to significant upward momentum for ETH/BTC. Based on technical analysis and historical price movements, Ethereum could reach new all-time highs, potentially climbing to the $15,000 level against Bitcoin. This price target is derived from measuring the height of the wedge at its widest point and projecting it upwards from the breakout level. **Conclusion:** The #ETH/BTC pair has been in a downtrend for the past 28 months, but recent price action indicates that a reversal might be on the horizon. Ethereum is taking support from a major trendline and has formed a falling wedge pattern, both of which are bullish signals. Traders and investors should keep a close eye on the price action for a confirmed breakout above the upper trendline of the wedge. If this breakout occurs, it could propel ETH/BTC to new all-time highs, potentially reaching the $15,000 mark. This presents a compelling opportunity for those looking to capitalize on Ethereum's next major bullish run.
Long
by crypto_vulture_signals
2
#ETH/BTC Falling Wedge: Ready for a Bullish Breakout#ETH/BTC Analysis: Major Support Trendline and Falling Wedge Breakout The 3ETH/BTC trading pair has been in a downtrend for the past 28 months, consistently forming lower highs and lower lows. However, recent price action indicates a potential reversal pattern that could signal the end of this prolonged bearish phase. Ethereum is currently taking support from a significant trendline and has formed a falling wedge, a bullish reversal pattern. Traders and investors are now eagerly awaiting a breakout, which could pave the way for Ethereum to reach new all-time highs, potentially hitting the $15,000 mark against Bitcoin. **Major Support Trendline:** Over the past 28 months, ETH/BTC has been respecting a major support trendline. This trendline has acted as a critical support level, preventing further declines on multiple occasions. Recently, Ethereum has once again found support at this trendline, indicating a strong base and potential for a reversal. **Falling Wedge Pattern:** A falling wedge is typically considered a bullish reversal pattern that forms after a downtrend. It is characterized by converging trendlines that slope downwards, with the upper trendline having a steeper slope than the lower one. In the case of ETH/BTC, the falling wedge pattern has been forming over several months, signaling that the downtrend might be losing momentum. **Breakout Confirmation:** For the falling wedge pattern to be validated, ETH/BTC needs to break above the upper trendline of the wedge. A confirmed breakout would typically be accompanied by increased trading volume, indicating strong buying interest. Once this breakout is confirmed, it would suggest that the bearish trend has ended, and a new bullish phase is beginning. **Price Target:** The breakout from the falling wedge pattern could lead to significant upward momentum for ETH/BTC. Based on technical analysis and historical price movements, Ethereum could reach new all-time highs, potentially climbing to the $15,000 level against Bitcoin. This price target is derived from measuring the height of the wedge at its widest point and projecting it upwards from the breakout level. **Conclusion:** The #ETH/BTC pair has been in a downtrend for the past 28 months, but recent price action indicates that a reversal might be on the horizon. Ethereum is taking support from a major trendline and has formed a falling wedge pattern, both of which are bullish signals. Traders and investors should keep a close eye on the price action for a confirmed breakout above the upper trendline of the wedge. If this breakout occurs, it could propel ETH/BTC to new all-time highs, potentially reaching the $15,000 mark. This presents a compelling opportunity for those looking to capitalize on Ethereum's next major bullish run.
by crypto_vulture_signals
1
RUNE crypto: A Potential 50% Upswing Awaits Beyond This levelRUNE crypto: A Potential 50% Upswing Awaits Beyond This level RUNE crypto has completed the retest followed by a breakout of an upper trendline resistance. A positive divergence between the THORChain (RUNE) price and RSI was observed suggesting a trend continuation. THORChain (RUNE) cryptocurrency experienced a resurgence, after bottoming out from the lows near the 200-day Exponential Moving Average (EMA). The broader market sentiment has improved, restoring confidence among investors, which propelled the cryptocurrency to approach the $7.8 mark swiftly. Additionally, the asset has begun to chart higher peaks, bolstered by an increase in trading volume. Yet, resistance remains robust around the $7.8 threshold. Let's analyze whether the bulls are strong enough to breach the $7.8 barrier, or if the bearish pressure will prevail, potentially reversing the recent gains and initiating a corrective phase in the short-term trend. RUNE Crypto: Volume And Volatility Analysis Recent trading sessions have seen a significant increase in volume inflow for RUNE crypto, indicating strong buying interest that's driving the price upward. The intraday volume reached $197.11 million, marking an 18% increase from previous sessions. The volume-to-market cap ratio stands at 9.28%, pointing to moderate market volatility. Currently, there are 334.57 million RUNE tokens in circulation, which is 81% of the total supply of 412.75 million tokens. Additionally, the Total Value Locked (TVL) in RUNE Crypto has been on an upward trend since February 2024. This growth in TVL signifies a shift in market engagement, a rising demand for the RUNE project, and a growing propensity among investors to maintain their investments. Is It A Good Time to Invest In THORChain (RUNE)? From a technical point of view, the RUNE crypto has completed the retest followed by a breakout of an upper trendline resistance, signaling an end to the corrective trend. Yet, the challenge remains for the bulls to overcome the $7.8 resistance level, which is the current supply zone. If they manage to sustain above this level, the crypto could potentially experience a short-term surge, possibly increasing by 50% to reach annual highs. Conversely, should the bulls be unable to break past this recent peak and the bears regain control, we might see the price enter a phase of consolidation or undergo another correction. Furthermore, the positioning of both the RSI and SMA lines above their respective mean lines indicates a bullish sentiment. The observed positive divergence between the RSI and the price further hints at an impending bullish trend. Conclusion. THORChain (RUNE) is rising towards $7.8 amid the improved market sentiment. Trading volume is up, suggesting bullish interest. With 334.57 million tokens in circulation, TVL's rise reflects increased market participation and investor commitment. From a technical perspective, RUNE has breached trendline resistance, aiming to surpass the $7.8 resistance. A successful break could lead to a 50% gain, reaching annual highs. However, failure to maintain this momentum could result in consolidation or correction. Positive RSI and SMA indicators support a bullish outlook.
KRAKEN:RUNEUSDLong
by Ritika_TCR
1
nifty bankniftyNifty Support Zone 22794-22679 Resistance Zone 23158 Banknifty Support Zone 48493-48285 Resistance Zone 49174-49249 Experts feel that if the Nifty 50 manages to close decisively above the much-awaited 23,000 level, then 23,500 is the level to watch out for as the market approaches the general elections results due next month. Market Trend The mood at Dalal Street turned more upbeat on May 23 as the benchmark indices hit fresh record highs, with the Nifty 50 moving closer to the psychological 23,000 mark, partly led by short covering, although the market breadth was in favor of bears and the volatility remained high. The technical setup looks stronger with the index trading above all key moving averages and maintaining a formation of higher highs for the ninth consecutive session. Hence, experts feel that if the index manages to close decisively above the much-awaited 23,000 level, then 23,500 is the level to watch out for as the market approaches the general elections results due next month. The 22,800 level may act as immediate support, followed by 22,600 as a crucial support. The Nifty 50 ended at a new closing high of 22,968, up 370 points or 1.64 percent on Thursday with above-average volumes, and formed a long bullish candlestick pattern on the daily charts, indicating strong buying interest. Meanwhile, the Bank Nifty outperformed the Nifty 50, rising 987 points or 2.06 percent to 48,769, and forming a strong bullish candlestick pattern on the daily timeframe. It traded above all key moving averages now.
NSE:NIFTY
by EarnPick