SCI - 3 Months Downtrend Breakout Shipping Corporation of India Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Downtrend since (February, 2024). Now It has given a Downtrend breakout & Closed with good bullish momentum candle & with good volume in weekly Time Frame.
3) The next resistance would be It's previous Life Time High (290.75 - 10.75% from the price 262.50).
5) Recommendation - Strong Buy
Search in ideas for "STRONG BUY"
MAXESTATES - 1 Month Consolidation Breakout Max Estates Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (May, 2024). Now It has given consolidation breakout & Closed at It's Life Time High with good volume & good bullish momentum candle in Daily Time Frame.
3) The stock will find It's next resistance around the price (490 - 18.95% from the price 411.95).
4) Recommendation - Strong Buy .
GULF OIL - Super Bullish | 7 Years ATH BO | 50% ROI potential!Price Analysis & Overview:
1. Good BO candle formation - showing strong buying dominance.
2. Exceptional volumes.
3. Great earnings.
4. RRR is favourable
Trade Plan:
1. Aggressive entry can be planned at CMP (1100) or wait for safe entry on pullback.
2. SL : 10%
3. TP = 1:2,1:3,1:4,1:5
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Breaking IPO Zone Above Resistance Zone Rally Will Come Breakout with Bullish Momentum
✅The stock has been in a consolidation phase between ₹440 and ₹560. Recently, the price has shown signs of breaking out above the upper resistance level, indicating a potential bullish move.
✅ Immediate support around ₹520, which was a recent resistance level. Stronger support near ₹480, aligning with the lower range of the consolidation.
✅ There is a noticeable increase in volume accompanying the breakout above ₹560, indicating strong buying interest and supporting the bullish breakout.
✅ RSI is trending upwards, indicating increasing bullish momentum without being overbought. The MACD histogram shows increasing bullish momentum, with the MACD line crossing above the signal line, suggesting a buy signal.
LET SEE THE TARGETnalysts and traders often view a reverse head and shoulders pattern with a clear breakout as a strong buy signal.
The breakout above the neckline confirms the pattern and suggests increasing buying momentum.
However, it’s important to consider other factors such as volume confirmation (higher volume on the breakout) and overall market conditions to validate the strength of the breakout.
In summary, when someone mentions a "reverse head and shoulders clear breakout," they are likely observing a technical pattern that suggests a potential reversal of the previous downtrend and the beginning of a new uptrend. This can be seen as a bullish signal, indicating that the asset may experience a significant move upwards over the long term.
PRAJIND - 6 Months Downtrend Breakout Praj Industries Ltd
1) Time Frame - Daily.
2) The Stock has been in a Downtrend since (December, 2023). Now It has given a Downtrend breakout & Closed with good volume & good bullish momentum candle in Daily Time Frame as well as Weekly Time Frame .
3) The next resistance would be it's Previous Life Time High (650.50 - 10.15% from the price 590.40) .
5) Recommendation - Strong Buy
FINPIPE - 8 Months Consolidation / All Time High BreakoutFinolex Industries Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (September, 2023). Now It has given a Consolidation breakout & Closed above it's Previous Life Time High with good bullish momentum candle & with huge volume in daily Time Frame.
3) The stock may find It's next resistance around the (price 300) in short term.
5) Recommendation - Strong Buy
JUSTDIAL - 3 Years Consolidation / 10 Years Downtrend BreakoutJUST DIAL LTD
1) Time Frame - Monthly.
2) The Stock has been in a Consolidation since (June, 2021) & in a downtrend since (August, 2014). Now It has given a Consolidation and Downtrend breakout & Closed above it's (June, 2021) High with good bullish momentum candle & with good volume in Monthly Time Frame.
3) The next resistance would be it's Life Time High (1894.40) in the long term.
5) Recommendation - Strong Buy
MOTILALOFS - 3 Months Consolidation / All Time High BreakoutMotilal Oswal Financial Services Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (January, 2024). Now It has given a Consolidation breakout & Closed above it's (January, 2024) Previous Life Time High with good bullish momentum candle & with huge volume in daily Time Frame.
3) The stock may find It's next resistance around the (price 2390) in short term
5) Recommendation - Strong Buy
Gold followed up with jumpsHi everybody! Let's look back at gold price developments last week and prepare plans for next week!
Last week saw an explosion in gold prices, when it reached a record high of 2,431 USD/ounce before cooling down and stabilizing at around 2,400 USD/ounce. By the end of the week, prices had ended at $2,392 per ounce, up 0.55% on the day.
The main factors driving gold prices to increase sharply include: the conflict situation in the Middle East continues to be tense; Fed Chairman Jerome Powell and other officials believe there is no need to further reduce interest rates; and in particular, China's strong buying has facilitated gold in conquering new peaks.
In terms of technical analysis, gold is still supported by the factors mentioned above. This precious metal is currently trading above the two exponential moving averages EMA 34 and EMA 89, which continues to support investors buying. Gold is maintaining its current trend, trading above the Trendline and it is important to watch for any buying opportunities when the price re-touches the Trendline and check the stability of these two EMAs.
Please continue to monitor and prepare a reasonable strategy to take advantage of opportunities in the gold market next week. Wishing everyone a happy and successful weekend!
Rain Industries: A Prime Swing Trading Opportunity Post-Trend LiGreetings, traders!
We've identified an exciting swing trading opportunity with Rain Industries, which has just signaled a bullish trend line breakout. This movement is not only significant but is backed by increasing volume, indicating strong buying interest and investor confidence.
Why Buy Now?
Technical Breakout: The stock has convincingly broken above a critical resistance level, transforming it into a support zone. This breakout is a classic bullish signal, suggesting that the price is likely to continue its upward trajectory.
Volume & Indicators Support: The breakout is accompanied by a surge in trading volume, reinforcing the move's legitimacy. Additionally, key indicators like the MACD and RSI are in bullish territories, signaling further upside potential.
Solid Fundamentals : Rain Industries boasts robust fundamentals, including consistent revenue growth and strategic market positioning. This underpinning strength provides a safety net for the technical bullish scenario.
Market Sentiment: The breakout reflects a positive shift in market sentiment towards Rain Industries. As the economy rebounds, the company's diverse portfolio positions it well to capitalize on upcoming growth opportunities.
Trading Strategy:
Entry Point: Look to enter as close to the current level as possible, ensuring you're capitalizing on the breakout momentum.
Stop Loss: Set a stop loss just below the newly established support level to minimize potential losses.
Profit Targets: Establish profit targets at subsequent resistance levels, monitoring closely for signs of reversal.
NBCC Potential Channel Breakout: Targeting 180Timeframe: Short to Medium Term
Technical Analysis:
NBCC stock has been trading within a defined channel pattern for the past few months, with clear resistance around the 132 level and support near 100.
Recent price action suggests a potential breakout above the resistance level at 132, indicating bullish momentum.
Volume analysis supports the breakout, as increasing volume accompanies the upward movement, indicating strong buying interest.
Moving averages such as the 50-day and 200-day moving averages are also indicating a positive momentum shift, with the shorter average crossing above the longer average.
Trade Idea:
Entry: Buy NBCC above 132.
Stop Loss: Set a stop loss below the breakout level to mitigate risk, around 127.
Take Profit: Targeting a move towards the upper channel boundary, aiming for a price level near 180.
Risk/Reward Ratio: Evaluate the risk-reward ratio to ensure it aligns with your trading strategy.
Note:
Monitor the price action closely for confirmation of the breakout.
Keep an eye on overall market conditions and sector trends for potential impacts on the trade.
Adjust stop loss and take profit levels according to your risk tolerance and trading objectives.
This trade idea is based on technical analysis and assumes no significant changes in market conditions. Always perform your own analysis or consult with a financial advisor before making investment decisions.
SBIN Long Trade IdeaThe CHAMLEO EDGE model uses a proprietary algorithmic program at the pre-market auction to identify potential stocks for each day. The algorithm then calculates where there is strong buying or selling pressure on the stock and sends buy or sell signals.
The signal provides a suggested stop loss price based on calculations that the movement may no longer be valid. It also provides a first suggested level for realizing potential profits, indicating that there is a resistance level just beyond this price that may cause the stock to stop and possibly reverse. If this level is surpassed, there is potential to achieve possible profits at a price better than the first profit level, allowing the possibility of extending potential gains.
Gold price today: Needs adjustment!Updated Gold Market Report:
During the Asian trading session, gold (XAU/USD) has attracted strong buying interest, partly recovering from the previous sell-off, with the price currently at $2,150. The surge in US Treasury yields, driven by higher-than-expected US consumer inflation in February, has increased the value of the US dollar and put downward pressure on gold prices. The recovery in the US stock market has also led to a shift of funds away from gold, a safe haven asset.
Personal perspective:
The decline in gold following yesterday's CPI report is a positive development. The price correction not only creates an opportunity to buy at a better price but also enhances liquidity and accumulation prospects for the market.
Gold price increased dramatically at the end of the week!Hello dear friends, let's review the gold prices of the past week and discuss new strategies for the upcoming week with Kevin!
During the beginning of the week, gold prices remained relatively stable, mainly moving sideways around the $2030 mark with a resistance level at $2035. However, in the last two days of the week, gold gained strong buying momentum and broke through some significant resistance levels, continuously rising from $2025 to $2088 and currently pausing at $2082.
The international financial market has received economic updates from major economies such as the United States, Europe, and China. As a result, investors have been actively buying precious metals to protect their capital, pushing gold prices to the highest level in months.
Looking ahead to the next week's strategy:
Based on chart analysis, gold has surpassed the $2065 resistance level and is approaching $2090, but it is encountering some limitations as indicated on the chart. It is expected to experience a slight retreat as the new trading week begins, with a projected range of 0.5 - 0.618 Fibonacci retracement (which means testing the new support area around $2065 and testing the 34 and 89 EMA lines as the price has gone too far).
Wishing you all successful and enjoyable trading!
ACI - 1 Year consolidation / Triangle Breakout Archean Chemical Industries Ltd
1) Time Frame - Weekly.
2) The Stock has been in a downtrend / consolidation since (February, 2023). Now It has given a downtrend / consolidation breakout & Closed at it's All Time High with good bullish momentum in Weekly Time Frame.
3) The stock will find it's next resistance around the price 860 (9%) from the price 789.95.
4) Recommendation - Strong Buy
ADVANI HOTELS - ready for multibagger gainsADVANI HOTELS is a hotel stock listed on the indian stock exchanges.
It was initially known as RAMADA INDIA LTD, then changed its name to ADVANI HOTELS.
The company was formed by Advani's in collaboration with Ramada International.
Technical part :
all time high registered after adjustment of splits is 106 and all time low is 20.
106 was in the year 2007.
now in 2023, the stock has closed above this level at 110.35, and may see some strong buying from institutions or HNIS leading to some serious changes happening in the company so that the price may touch 200-300 levels after this prolonged period of 16 years since 2007.
The buying zone comes at 90-110 keeping stoploss at 75 for multibagger gains.
Thanks
VAIBHAVGBL / VAIBHAV GLOBAL - 5 Months consolidation Breakout.VAIBHAVGBL
1) Time Frame - Monthly.
2) The Stock was in downtrend since 2021 and had a breakout in August, 2023.
3) It has been consolidating since August, 2023 and has given a breakout with bullish momentum & Huge volume.
4) The stock may reach its previous Life Time High (1050) in the long term.
4) Recommendation - Strong Buy
How is gold price traded today?Hello dear friends, let's explore the price of gold together!
Regarding the developments and outcomes of the news on January 22nd: The price of gold experienced significant fluctuations, mainly trending downwards. This is due to the strengthening of the US dollar as the Federal Reserve is unlikely to cut interest rates in March. As a result, investing in gold becomes more expensive due to higher interest rates.
Conclusion on gold and trends: The price of gold is tied to a narrow range, trading around $2,021 in the Asian session on Tuesday. The market becomes cautious ahead of a busy week with policy meetings from central banks.
The "buy on dips" trading strategy for gold continues as long as the significant static support level of $1,980 is maintained. Evidence shows that the price is forming a cup pattern as we have indicated on the chart. The upward trend could strengthen further if strong buying pressure is received from this support level.