VINATI - LARGER WAVE - BREAKOUT - BULLISH - LONG TERMHi Folks,
Vinati organics has been in price as well as time correction since September 2022. Almost, corrected for 2 years and maintained a falling wedge, cooling off RSI on weekly and Monthly timeframes while correcting for almost 700 points.
Fundamentals
Stocks in chemical/speciality chemicals sector are mostly sitting on operational capex with stable Margins, good order book and good PAT figures YOY. PE de rated and cooled down to their MEdian PE as compared to 2021 levels where it zoomed off. Operational leverage is yet to be played and PE expansion might kick in.
Technicals
1. Clear breakout on Weekly timeframe from falling wedge.
2. RSI made higher highs eventually breaking from falling trendline.
3. Overall Structure of larger trend is bullish wherein we are completing wave 4 and ready fro larger wave 5.
4. Price might retest 30 WEMA or consolidate around it but shall continue its upmove.
Not a trade recommendation, please do your own due diligence.
Search in ideas for "Zoom"
JUSTDIAL BREA-KING OUT FROM INVERSE H&S SUPPORTED BY SOUND P&LJustdial is the market leader in local search engine segment in India. The Company provides local search-related services to users across India the profit for the same have zoomed more than 100% also the company has diversified itself into various sub-divisons . it has great momentum and a prolonged rally can be witnessed within coming weeks
BANKINDIA - huge potential - swing trade + investmentThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself.
Price has come out of stage-1 accumulation. one can notice the high volume activity as well in recent months. Now it has been giving pullbacks as per market conditions and seems to be ready for further upside (refer zoomed in chart)
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
ACCELYA Near ATH BO [Weekly]I somehow just zoomed out and checked the chart of ACCELYA solutions and I was amazed by it.
Its slowly moving towards its all time high BO and this might move strong post that, keep a check on this as this scrip has been in the chatter on value research and on twitter as well a bit.
Recent BOs have been with good volumes and seem to be sustaining. See if your risk management allows you to take a position with SL to anticipate a BO if you like those kind of plays.
AMBUJA CEMENT ON THE WAY OF BECOMING ULTRATECHThe stock has posted pretty good quarter , net profit has zoomed 3X quarter on quarter basis moreover the stock has reasonable PE compared to the peers . it has immense potential on becoming the next ultratech . the techincals also support the fundamentals which shows further reliabilty since the adani takeover the company is doing great . the stock has formed an inverse head and shoulder pattern and 589 level is a crucial resistance upon breaking it can reach till 851 levels
Suzlon Energy hits 9-year high; up 5% on strong Q2 results,Suzlon Energy hits 9-year high; up 5% on strong Q2 results, order book
CRISIL expects profitability of Suzlon to grow further and achieve Ebitda above Rs 750 crore in FY24, driven by increasing fleet base of O&M business and positive tailwinds in Indian wind sector
Shares of Suzlon Energy hit nine-year high of Rs 34.44, up 5 per cent on the BSE in Friday's intraday trade, after the company reported 82 per cent year-on-year (Y-o-Y) rise in its consolidated profit after tax (PAT) at Rs 102 crore for the September quarter (Q2FY24) mainly due to decline in expenses. The company had posted PAT of Rs 56 crore in the year ago quarter. Shares of Suzlon Energy were quoting at their highest level since June 2014. It surpassed its previous high of Rs 34.10, touched on October 23. Thus far in the financial year 2023-24, the market price of Suzlon Energy has zoomed 335 per cent from a level of Rs 7.90 at the end of March 2023.
gold spot or mcx crucial update after zoomedgold spot made high 1855$ now 1858--60$ strong breakout point if stya abv ot close than expect up side 1878--1889+++++ where support 1832$ indicate---- in inter day purpose if stya blw 1844$ than expect down 1838--1835$. in mcx 57779 strong hurdle for up side stya abv or close abv than expect 57900-58000+++ where support indicat57300@ blw will melt dwn -- don't stuck wrong side
Raymond surges 10%, hits record highRaymond surges 10%, hits record high on healthy business outlook
Shares of Raymod hit a record high of Rs 2,169.85 as they rallied 10 per cent on the BSE in Tuesday's intra-day trade on expectation of strong earnings growth in the second half of the financial year 2023-24. Since April, the stock price of the garments & apparels seller has zoomed 78 per cent. In comparison, the S&P BSE Sensex was up 0.17 per cent at 65,739 at 09:43 AM.
Going forward, the management is optimistic as festive and wedding season will set in during the second half of the year giving an impetus to the consumer demand across the country.
Rail Vikas Nigam stock turned into a multi bagger in three YearsThe stock of the railway firm Rail Vikas Nigam Ltd (RVNL) zoomed over 500% in the last three years,
The stock turned into a multi-bagger in three years from 21 to 140
The company began its operation in 2005
Role Of RVNLImproving the infrastructure of Indian Railways
Short Term Targets - 200 / 250
Long Term Targets - 500
SJVN hits new high , up 5% on securing new ordersSJVN hits new high, up 5% on securing new orders
The stock has rallied over 90 per cent so far in FY24 on the back of strong order inflows
Shares of Satluj Jal Vidyut Nigam (SJVN) hit a new high at Rs 63.80, on rallying 5 per cent on the BSE in Tuesday's intra-day trade backed by heavy volume owing to winning new orders.
The stock so far has rallied over 9 per cent so far this month, and has zoomed a whopping 92 per cent so far in the fiscal year 2023-24. In comparison, the S&P BSE Sensex was down around 2.5 so far this month, and up around 11 per cent in FY24.
Suzlon hits 8-year high;Suzlon hits 8-year high; up 197% so far in FY24
Shares of Suzlon Energy zoomed 5 per cent, to a hit an 8-year high at Rs 23.49 on the BSE in Monday's intra-day trades backed by heavy volumes. The stock is now seen trading at its highest level since August 2015.
As of 09:35 AM; the stock quoted at Rs 23.35, up 4.3 per cent. The counter had seen trades of around 12.56 million shares so far on the BSE as against its 2-week average volume of around 34.52 million shares. In comparison, the S&P BSE Sensex was flat around 64,875 level.
Linde India at new highLinde India at new high , soars 16% in 2 days on winning LoA from Indian Oil
Thus far in the calendar year 2023, the stock price of Linde India has zoomed 70 per cent, as compared to 6.6 per cent rise in the S&P BSE Sensex.
Shares of Linde India hit a new high of Rs 6,075.05, as they gained 5 per cent on the BSE in Wednesday’s intra-day trade after winning Letter of Acceptance’ from Indian Oil Corporation (IOCL) for setting-up of Air Separation Unit (ASU) within its Panipat Refinery Complex. Linde India expects to fund the capital expenditure from its own funds/internal accruals.
The stock of industrial gas company has surged 16 per cent in past two trading days. In comparison, the S&P BSE Sensex was down 0.07 per cent at 65,176 at 09:30 AM.
IRCTC: Expect to go short before it goes long
Before going long on IRCTC, I expect the price to go down first and halt at the major trendline support. Please see the zoomed view of daily chart left side one for more detailed explanation.
On the right side you see a flag and pole pattern developing that suggests the price will go up eventually.
This is more of educational purpose and it's important to note that this analysis is based on technical indicators and further research and analysis are recommended before anyone making any investment decisions. You alone will be solely responsible for taking your own decisions.
Tide Water Oil: Breaking out after consolidation Tide water oil is trading in a very small range since last 3 months and attempting for range break out. Can bring good momentum on closing above 1015. Stock has consolidated and prepare a base at very strong from where stock zoomed to 4 times in period between May'21 to July'21. Keep on radar.
Ion Exchange hits new highIon Exchange hits new high; gains 6% in two days on securing IOCL order
In the past one month, the stock price of Ion Exchange has zoomed 41 per cent, as compared to 2.7 per cent rise in the S&P BSE Sensex.
Shares of Ion Exchange (India) hit a new high of Rs 2,949, up 1.5 per cent on the BSE in Tuesday’s intra-day, surging 6 per cent in past two days after the company announced securing a contract worth Rs 343.36 crore from Indian Oil Corporation (IOCL) for setting up a zero liquid discharge plant at the Panipat refinery. In comparison, the S&P BSE Sensex was down 0.41 per cent at 62,578 at 10:27 AM.
AWL BO level 🎯 122% !!NSE:AWL
#AWL Perfect sniper shot 🎯
#NSE:AWL chart shared with entry @ 380 as a BO trade,
it zoomed to 841 which is 122% 🚀🚀🚀🚀🚀
all our friends bagged good profits !!
🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑
if you love the analysis like and share,
Attached chart shared on march 20th for your reference.
Happy LEarning 🙏
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