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Stock is forming Higher High and Higher Lows Pattern with VolumeHello Everyone, i hope you all will be doing good in your life and in your trading as well, i have brought a stock which is forming higher highs and higher lows pattern on weekly timeframe, recently i have observed the stock has shown huge volume spike on weekly chart, Stock is in uptrend and it is going to continue it's current bullish momentum in future as well. there is higher probability that we are going to achieve all our targets. Stock is good to hold for long term as well, so if anybody is looking to invest for long term can do SIP in this stock. Company is India’s largest private sector shipping company, owning and operating 43 ships and 23 offshore assets. The shipping business is involved in the transportation of crude oil, petroleum products, gas, and dry bulk commodities. The company is involved in the offshore services business through its wholly-owned subsidiary Greatship India Ltd. It provides offshore oilfield services with the principal activity of owning and/or operating offshore supply vessels and mobile offshore drilling rigs. Market Cap ₹ 15,017 Cr. Current Price ₹ 1,048 High / Low ₹ 1,129 / 658 Stock P/E 5.75 Book Value ₹ 868 Dividend Yield 2.75 % ROCE 20.2 % ROE 23.1 % Face Value ₹ 10.0 Industry PE 27.6 Debt ₹ 3,048 Cr. EPS ₹ 183 Promoter holding 30.1 % Intrinsic Value ₹ 1,401 Pledged percentage 0.00 % EVEBITDA 3.58 Change in Prom Hold 0.00 % Profit Var 5Yrs 199 % Sales growth 5Years 8.18 % Return over 5years 33.8 % Debt to equity 0.25 Net profit ₹ 2,614 Cr. ROE 5Yr 15.5 % Profit growth 6.30 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:GESHIPLong
by TraderRahulPal
Long Setip in Shreyas ShippingAn Inverted Head & Shoulder Chart Pattern Breakout happened on the weekly Time frame of NSE:SHREYAS Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Stop loss will be on weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Inverted Head & Shoulder Chart Pattern Technical Indicator :- Positive MACD Crossover
SLong
by raigvivek
This is how you capture 14% in SCI👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins ✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows ✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts ✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position. ✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock 👑 Important levels - explained well 👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :) ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
NSE:SCILong
by Averoy_Apoorv_Analysis
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