Britannia |Bull Rally Pending . ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡✍️Technical Reasons to trade or Strategy applied :-
✅Inverted Head & Shoulder Chart Pattern Bull Breakout required
✅Breakout confirmation required
✅Rise in Volume
✅Good 3 touches Trendline with volume
✅Clear uptrend with HH & HLs sequence in smaller Time frame
✅ Order block as potential Supports
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Shorttermtrading
Easy 20% return with Piccadily Agro IndustriesBSE:PICCADIL looks perfectly poised to give a solid 20% return to investors with a short term horizon.
Technicals: When we see the candlestick chart on a daily basis, it is trading at 750 which lies in between its nearest support at 700 and nearest resistance of 780. The MACD indicator points in the direction of an uprise with a healthy positive value.
Fundamentals: BSE:PICCADIL is a very fundamentally strong stock. It has high ROCE and ROE of 29.6% and 30.6% respectively. BSE:PICCADIL QoQ sales have increased by 62% and QoQ profits have increased by 121%. This shows it has got healthy growth going forward. Also its revenue mix is starting to be dominated by the distillery segment over its sugar segment. This showcases BSE:PICCADIL has diversified in the right direction, in turn unlocking more value for its shareholders.
Trade Setup: Buy BSE:PICCADIL when it hits 780, place a stop loss at 720 and a sell order at 960.
IREDA - Ready To Bounce From Support🔊 IREDA - Ready To Bounce From Support
IREDA - INDIAN RENEWABLE ENREGY
⌛Duration - Short Term (3 month to 5 month)
📊📈 Trade Logic - Bouncing from Long Term Support Area
CMP - ₹232.37
Time Frame - Weekly
🎯Target 1 : ₹260
🎯Target 2 : ₹280
🎯Target 3 : ₹300
🛑 Stop : ₹210/₹220
🏆 Risk/Reward Ratio (1: 2.5)
Disclaimer: The stock information shared here is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
Short term trading opportunity in Rane(Madras) for > 25% upsideHi,
NSE:RML has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Disclaimer: Please consult your financial advisor before making any investment decision.
JUBLPHARMA JUBLPHARMA
The recent monthly candle is a strong bullish candle, showing a significant upward move. This adds confidence to the breakout.
The stock has recently broken above a strong horizontal resistance level (around ₹900-₹915), which was tested multiple times in the past. This breakout is a bullish signal.
A dotted trendline on the chart indicates a bullish trend. The breakout above the resistance is accompanied by this upward trendline, further confirming the bullish momentum
volume:-
There seems to be an increase in trading volume during the breakout, which is a positive sign. It indicates that the breakout is supported by strong buying interest.
Earnings Growth:
Analyze the company’s earnings growth over the past few years. Consistent earnings growth can support long-term price appreciation.
Evaluate the company’s debt-to-equity ratio. Lower debt levels or effective debt management strategies are favorable for long-term investments.Assess the pharmaceutical sector’s outlook. If the sector is expected to grow due to favorable market conditions or innovations, it could be a good sign for long-term investors.
Compare the stock’s current valuation metrics (like P/E ratio, P/B ratio) with its historical averages and industry peers. If the stock is undervalued, it may offer a good entry point.
Long-Term Investing:
If the fundamentals align with your investment criteria, the stock may offer a good long-term opportunity, particularly if the company continues to grow and the sector remains favorable.
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signal by our scanner dt:-19/08/2024
PAISALO DIGITAL : Trading idea for a short term gainPAISALO DIGITAL has formed a double bottom pattern in a daily chart. It's a nice trading stock for a short term gain of atleast 15% to 20%.
🔰 Range : 67-68
🎯 Target : 75 to 80
🛑 SL : below 58
⚠️ Disclaimer : This is not a buy/sell advice. It's a view for purely educational purposes.
Symmetrical Triangle Pattern Breakout seen in Rossari BiotechHello Everyone, i have brought a stock which has given breakout of symmetrical triangle pattern and price is sustaining above the breakout price, stock name is Rossari Biotech Ltd, and it was started in 2003. They are among the largest manufacturers of textile specialty chemicals in India.
Their 3 main product categories are:-
- Home, personal care, and performance chemicals
- Textile specialty chemical
- Animal health and nutrition
The company has two R&D facilities , one at Silvassa manufacturing facility and a research lab at IIT Bombay.
We know chemical sector is not performing well from long back, but prices are suggesting in many chemical stocks that, we can see rally very soon. Well best time to enter in any sector or stock is only when there is fear in sector or market. So this can be right time to enter and accumulate as much as possible in down levels, we might never gonna to see these prices again. Stock is trading almost 50% discount from all time all time highs. If someone is thinking to take and hold for long term, then i think right choice dude.
Company Overview
Rossari Biotech is a Specialty-Chemicals manufacturer offering solutions for Home, Personal Care and Performance chemicals (HPPC), Textile specialty chemicals (TSC) and Animal Health and Nutrition (AHN). It offers a total of 4220+ products catering to an array of applications across FMCG, Home care, Industrial Cleaning, Personal Care, Textile, Performance Chemicals, Animal Health and Nutrition and Pet Care businesses.
Market Cap
₹ 4,467 Cr.
Current Price
₹ 809
High / Low
₹ 904 / 657
Stock P/E
34.2
Book Value
₹ 190
Dividend Yield
0.07 %
ROCE
18.3 %
ROE
13.3 %
Face Value
₹ 2.00
Industry PE
38.6
Debt
₹ 119 Cr.
EPS
₹ 23.7
Promoter holding
68.3 %
Intrinsic Value
₹ 590
Pledged percentage
0.00 %
EVEBITDA
17.7
Change in Prom Hold
-0.01 %
Profit Var 5Yrs
23.3 %
Sales growth 5Years
28.8 %
Return over 5years
%
Debt to equity
0.11
Net profit
₹ 131 Cr.
ROE 5Yr
16.0 %
Profit growth
22.1 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Short Term Trading Opportunity in Jupitar WagonHi,
NSE:JWL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
LALPATHLAB [Head and Shoulders Pattern]A trendline has been drawn showing the expected bullish trend (green solid line), with an alternate path shown (blue dotted line) indicating potential short-term fluctuations before reaching the target.
1)Head and Shoulders Pattern:
Left Shoulder: Formed around June 2022.
Head: Formed around October 2022.
Right Shoulder: Formed around February 2024.
Neckline: The horizontal resistance line around the 2,800 level, which is crucial for confirming the pattern.
The stock has recently broken above the neckline (around 2,800), indicating a potential bullish reversal.
The target price is calculated by measuring the distance from the head to the neckline and projecting it upward from the breakout point.
The approximate target price, considering the height from the head (1,800) to the neckline (2,800), would be 2,800 + 1,000 = 3,800.
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"Disclosure : I am not Sebi-registered ." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks