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🚀 IRB Breakout Alert: Ready to Surge Above INR 72!Hello TradingView Community, Get ready for an exciting breakout opportunity in IRB Infrastructure Developers Ltd! With the current stock price at INR 68, IRB is on the brink of a significant breakout above INR 72. Here’s why you should keep this stock on your radar: 🔍 Technical Analysis: Current Price: INR 68 Breakout Level: INR 72 Volume: Increasing steadily, indicating growing interest and accumulation. Key Indicators: RSI (Relative Strength Index): Approaching bullish territory, suggesting momentum buildup. MACD (Moving Average Convergence Divergence): Positive crossover, signaling potential for upward movement. Support Levels: Strong support around INR 65, providing a safety net for the current price action. IRB Breakout Chart 📈 Fundamental Analysis: IRB Infrastructure Developers Ltd, a key player in the infrastructure sector, shows promising growth indicators: Revenue Growth: Consistent quarterly revenue growth, driven by robust project execution and new order wins. Profit Margins: Improved operational efficiency resulting in better profit margins. Sector Outlook: The infrastructure sector is poised for growth with increased government spending on road and highway projects. 💡 Why This Matters: Breakout Potential: A breakout above INR 72 could trigger a strong rally, providing lucrative opportunities for traders and investors. Bullish Sentiment: Technical indicators and increasing volume suggest strong bullish sentiment and potential for substantial gains. 🚀 Conclusion: IRB is on the verge of a major breakout. With the current price at INR 68 and a breakout level at INR 72, this stock offers a compelling opportunity. Keep an eye on this one! 📢 Call to Action: Watchlist: Add IRB to your watchlist to catch the breakout. Discussion: Share your thoughts and analysis in the comments below. Let’s explore this opportunity together! Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Trading stocks involves risks, and you should conduct your own research before making any investment decisions.
NSE:IRBLong
by prashantgupta7887
ALKEM LAB STRUCTURE FOR INTRADAY (01.04.2024)ALKEM LAB is Bullish in Higher Timeframes and price is making a Higher-High structure in Hourly timeframe which is going along with the trend in bigger timeframes. Consider the levels for Intraday; entry should be made according to price-action in smaller timeframe, may be 5 mins. These levels are only for Cash segment, NOT FnO! Targets are calculated according to the ABCD pattern of Harmonics. If you like the idea, do give a boost to it so that it can be a motivation for me to post contents like this in future.
NSE:ALKEMLong
by rtfofficial1618
Nifty50: Unexpected Moves ahead ??Diametric pattern – Understanding Nifty medium term pattern by applying the concept of Advanced Elliott wave – Neo wave theory to forecast the next trend. As shown on daily chart, prices are forming a Diametric pattern. This pattern is recognised in Neo wave as a 7 legged correction labelled as a-b-c-c-d-e-f-g and can take a form of either Bow Tie structure or a Diamond shaped structure. In the above chart we can see a bow tie shaped Diametric pattern. Each legs are corrective and we are currently in wave f. As of now it is too early to conclude that the entire wave e is over and a major top is formed but it definitely indicates that until the recent high is crossed its time to be cautious. Trust me there will be many trades where you will gain and lose little but only a few big trades will make up for all the hard work and efforts that are put in. So what is the next big trend and how to capitalize on the ongoing move? If Recent highs near 22800 remains intact and we break 22300 (White lines) decisively then a major fall of 1000-1500 points cannot be ruled out. Best part is fall can be temporary in nature as bears attack swift, do the job in few days and then sleep. Once wave f low is placed where many will panic, wave g can take nifty towards sub 24k levels. But if we fail to break 22300 decisively and break 22800 on upside this anticipated fall may get delayed futher and may come in later half of the year.
NSE:NIFTY
by Chinmayonniftyy
1
UPMOVE IN LIC HOUSING FINANCELIC HOUSING FINANCE is highly bullish in larger timeframe, and is continuously making higher highs. So, there is a chance it can retest it's ATH and can give a successful breakout. Targets are calculated according to simple price-action theory. Please follow risk management in condition like this where market is overbought. This stock can give a potential return of almost of 18% if it retests it's ATH. 2/3 quantity should be booked at first target and the rest should be trailed for bigger targets.
NSE:LICHSGFINLong
by rtfofficial1618
SBI CARDS TRADING AT IT'S WEEKLY SUPPORTIn SBI CARDS, 650-700 is a huge demand zone in weekly timeframe. This is the level of value buying for big institutions. SBI CARDS will change it's weekly structure above 800 which can be considered as a safe entry point for conservative investors. For aggressive buying, we need to look for structure change in a shorter timeframe, may be hourly. Targets for mid to long term have been calculated according to the swing highs in weekly timeframe. This whole idea will become invalid if price closes below 655 which is the major support area in weekly timeframe. So, please keep SBI CARDS in your watchlist for long term investment. If you like my view, do support it with a boost which is a valuable inspiration for me to post ideas like this in future. Thank you friends!
NSE:SBICARDLong
by rtfofficial1618