7 years breakout candidate KIRI INDUSTRIESKIRI is a preferred resource centre for many of the most extensive product lines in textile dyes.
Sophisticated quality control practices and procedures, modern manufacturing facilities and erp driven enterprise management has enabled KIRI to offer Internationally recognized quality products and services.
KIRI is an accredited and certified Key Business Partner with world’s top Dyestuff majors across Asia-Pacific, the EU and Americas.
A closing above 675 will confirm breakout. This breakout will be on Yearly + Monthly + Weekly + Daily + Hourly timeframe, all at once
Seasonality
Bullish EUSince i have bearish dxy idea im bullish on EURO,
target equal high as low hanging fruit and 20 day equilibrium.
Seasionality aligns for higher prices
Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
Don't hesitate to comment if you have any questions or queries regarding this analysis.
Sugar CycleConsidering that MSP shall be given as elections in Maharashtra and UP are upcoming and the cutting season is yet to begin.
I feel that overall the sales and the volumes and the profitability this year shall be highest ever and the permission to sell ethanol shall also change the nature of stocks!
Andhra Paper has capacity expansion and new growth driversInvestment Update: A Promising Outlook for Medium-Term Gains
I made a strategic investment in this stock approximately one year ago, with the objective of achieving medium-term gains. As we approach the one-year milestone, I am pleased to reassess the company's performance and reiterate my optimism about its future prospects.
Based on recent developments and growth indicators, I forecast that the stock is poised to reach new targets of ₹150 by May 2025 . This upward trajectory is largely driven by the company's expansion efforts and improved operational efficiency.
Notably, the company has successfully increased its production capacity, paving the way for enhanced output and revenue growth. Specifically, paper production numbers have demonstrated significant improvement, underscoring the company's commitment to scaling its operations.
Furthermore, the establishment of a new tissue paper production unit represents a strategic diversification of the company's product portfolio. This move not only expands the company's revenue streams but also positions it to capitalize on the growing demand for tissue paper products.
In conclusion, the company's progress over the past year has reinforced my confidence in its potential for medium-term growth. With its enhanced capacity, improved production numbers, and strategic diversification, I firmly believe that this stock is well-positioned to deliver substantial returns on investment.
Nifty IT - Bright times ahead
Cup and handle formation in weekly charts.
Nifty IT Saw a significant downtrend from Jan'22 and recovered from the cup low to the cup high in Feb'24. Post that, you can see another dip and recovery forming the handle.
This should continue and see NIFTY IT reach 50K>52K in the coming year.
Target 50K>52K
Timeframe by Jun-Jul'25
Invest in good quality IT companies at good to great valuations to ride this sector rotation.
Budget Day stocks_TitanHello Traders,
Good News for Gold Outlets in India, Currently Titan is trading @ Rs.3466/- on Budget day.
Pros:- NDA government has Reduced Import Tax Duty on Gold for Gold buyers.
* Move which has been implemented by government will make huge interest of buying in
gold for retail buyers.
* Seasonal Interest of buying in gold has started in India.
* Titan Stock @ Multi year Support.
* Bullish Candle close @ Support.
* Stoploss below Recent market structure.
* 3.5 % to 5 % is 1st target to option buyers.
* Also buy Kalyan Jewellers India Pvt Ltd.
Happy trading!!Only for educational purpose.
Does BTC has a NORMAL PRICE CHANNEL ?What's a normal price channel ?
I define the normal price channel as a funnel where the price is considered fair or normal, nor overpriced or underpriced.
This channel shows the consolidated growth of a pair. It's a heir of the Bollinger Bands Indicator, which shows if the price is under or overpriced. With this channel we are not focused on the price movements but on the growth of value of the pair, assuming that everything traded not the markets tends to gain value in time.
The boundaries of this channel must be parallel trend lines. The width of the funnel is so constant, not exponential. The starting point of the trend lines are the last maximum or Historic Higher High before the an hyper surge of the price, this can also depends by social-economical factors. The lower band starts from the minimum, the Lowest Lower Low after the the HHH.
This is what I consider Normal Price Channel.
But, does BTC has a NPC ?
Commodities and Fiat can have a normal channel, considering the economic factor and policies adopted by Central Banks and government which lead to an increase of the prices overtime even for cyclical pairs.
Nowadays, cryptos are compared to fiat, "common money" , and commodities. The volatility and media influencing of the crypto market makes most of the tokens too fluid and active to have, for now, a normal channel.
On the other ends, the new legal developments of the past weeks, especially with the institutional approval fo ETFs on bitcoin and Ethereum, bring the consideration of the two main characters of this market, from coin to commodities. This can open a window to set the NPC.
The issue now is about the trend lines starting point. Since the funnel must show the "normal" growth of the price, these points should be set depending on fundamental milestone for the pair or commodity, financial and legal evolutions such as laws and regulations, and social dynamics. The last higher and lower which have set new parameters for the price.
Considering Bitcoin, the upper level should be set on the 2018 peak.
The lower point is the minimum after the HHH, so the crypto winter LL of 2019.
The choice of these points are strongly related with the 2016 halving. It was the last halving before the high hyper bubbles, which makes the last two halvings inapplicable. On the other hand, the 2012 halving is not in line with the period, not applicable due economic and financial dynamics of the last ten years. Setting the 2012 halving as normal price range would create a too narrow channel, useless today.
Setting the correct starting points is crucial. The motivations behind these two points are the followings
• Upper Bound : if set following the HHH so the bubbles of 2021, would be hyper priced and not useful for the analysis. If set before, so the peak in 2013, it would be underpriced and not pertinent with the economic and financial evolution of the time.
• Lower Bound: if set has a minimum before the HH, that LL would be coherent with the period and so useless for the analysis.
Right now, this theory is on draft and on backtesting. The aim is to find a channel where the price can be considered consolidated . The project are open to hear new ideas from anyone
Long_Heritage FoodsCurrently Heritage Foods given Breakout @ Previous levels with Bullish candle confirmation
Go long in Next candle open and Don't Exit the Trade for next 5 yrs.
Fundamentals:- CBN, New CM of Andhra Pradesh and there family is having huge stake in this company.
Happy Trading!!! Only for educational purpose.
Mighty Nifty - May 9Price was consolidating in a narrow range today. There was no clear trend direction. Can we get trending move tomorrow?
Pattern : Consolidation.
Range : Medium.
Trend strength : Normal.
Buy Above : 22320.
Stop Loss : 22280.
Targets : 22360, 22400 and 22460.
Sell below : 22240.
Stop Loss : 22280.
Targets : 22200, 22160 and 22120.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Bitcoin: Navigating the Waters of Accumulation "Unlocking the Potential: Dive into my comprehensive analysis of the BTC/USD market, anticipating a strategic entry point within the $17k-$15k range in the next 1-2 months, coinciding with the weekly accumulation zone. As we approach the halving, my analysis indicates a bullish surge beyond all-time highs, setting the stage for Bitcoin to reach an impressive $300k-$400k per coin. This meticulously crafted roadmap provides insights into potential profit opportunities, making it a must-read for investors seeking to capitalize on what could be the decade's most lucrative moment in the crypto space. Join the conversation and stay ahead of the curve by exploring the data-backed projections and strategic moves outlined in this analysis. Your financial future may just thank you for it."
Head&Shoulders in Mahindra Holidays Mahindra Holidays is forming Head&Shoulders pattern
According to pattern we have targets of
1. Target1 356 (Shoulder target)
2. Target2 310 (Head Target)
3. From almost 3 years it is taking support on 200EMA on Daily TF which is at 348
Note: It is a seasonal stock and gave minimum 10-15% in summer time(mostly takes support and give upmove from Feb end-May)