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Triangle Breakout seen in India's 4th largest IT Services StockHello everyone, i hope you all will be doing good in your trading and your life as well, i have brought a large cap IT sector stock which has given Triangle Pattern breakout, and price is still sustaining above the breakout area, in yesterday's session we have seen neckline breakout, and today's price has come to retest the breakout.. A high probability trade is waiting from here, all levels i have given on chart like entry exit and targets. IT sector moment is supporting now a day's. Specially Midcap IT is on fire, i will try to bring some midcap stocks as well, but for now focus on nifty 50 stock. Technically stock is looking good on chart, MACD is also giving bullish crossover. RSI also giving bullish crossover, price is above 200-DEMA. (I have not placed any indicator on chart, but i have done my analysis before to publishing the idea.) Stock is good to go long for short term to long term as well, we all know how wipro helped their investor to make them Billionaires, who invested in early 80's. So the stock is same, still it has charm to give returns like it does earlier, but you have to be patience in it. Market Cap ₹ 2,56,398 Cr. Current Price ₹ 490 High / Low ₹ 546 / 375 Stock P/E 23.2 Book Value ₹ 143 Dividend Yield 0.20 % ROCE 17.2 % ROE 14.5 % Face Value ₹ 2.00 Industry PE 29.7 Debt ₹ 16,465 Cr. EPS ₹ 21.1 Promoter holding 72.9 % Intrinsic Value ₹ 243 Pledged percentage 0.00 % EVEBITDA 13.6 Change in Prom Hold -0.01 % Profit Var 5Yrs 4.17 % Sales growth 5Years 8.75 % Return over 5years 11.6 % Debt to equity 0.22 Net profit ₹ 11,112 Cr. ROE 5Yr 17.3 % Profit growth -2.69 % 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:WIPROLong
by TraderRahulPal
5
Railtel Corporation of India Ltd - Breakout Setup, Move is ON...#RAILTEL trading above Resistance of 466 Next Resistance is at 531 Support is at 360 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:RAILTELLong
by MandeepSinghKohli
SJVN - Long Setup, Move is ON...#SJVN trading above Resistance of 114 Next Resistance is at 149 Support is at 81 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SJVNLong
by MandeepSinghKohli
1
Great Eastern Shipping Company - Long Setup, Move is ON...#GESHIP trading above Resistance of 1007 Next Resistance is at 1330 Support is at 684 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:GESHIPLong
by MandeepSinghKohli
Welspun Corp - Long Setup, Move is ON...#WELCORP trading above Resistance of 523 Next Resistance is at 614 Support is at 373 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:WELCORPLong
by MandeepSinghKohli
Talbros Automotive Components - Long Setup, Move is ON...#TALBROAUTO trading above Resistance of 258 Next Resistance is at 344 Support is at 164.20 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:TALBROAUTOLong
by MandeepSinghKohli
Rail Vikas Nigam Ltd (RVNL) - Breakout Setup, Move is ON...#RVNL trading above Resistance of 348 Next Resistance is at 427 Support is at 231 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:RVNLLong
by MandeepSinghKohli
Alcoholic Beverages has given Long Consolidation period BreakoutHello everyone, i have brought a stock which has given huge breakout after 6 years consolidation. Stock name is G M Breweries Ltd,and it has set up in 1981 manufactures and markets Alcoholic Beverages such as Country Liquor (CL) and Indian-made Foreign Liquor (IMFL). The Co. has a monopoly in country liquor in the districts of Mumbai, Thane & Palghar. It is the single largest manufacturer of country liquor in the State of Maharashtra with a sizable market share. Market Position:- The Company contributes about 25-30 % of the total Excise duty for country liquor in the whole of Maharashtra. Brand Portfolio:- The Co brands include names like G.M.Santra, G.M.Doctor, G.M.Limbu Punch, and a few more. Manufacturing Facilities:- The Co has a fully automatic plant at Thane, Maharashtra with a capacity to produce about 50,000 cases a day from 200 cases a day at the start. The company has capacity to process 13.76 crore bulk litres of country liquor per annum out of which only about 53.79% has been utilized in FY24. Difficulties:- The Co. has been facing difficulty also due to very high levels of taxation and frequent changes in laws. Its main raw material ‘Rectified Spirit’ faced high fluctuations in price and was short in supply. Recent Developments:- The concentration has been mainly on country liquor in FY24, also due to competitive market conditions in the IMFL segment. The Company has been making steady progress in the business of country liquor during the past years. Market Cap ₹ 2,118 Cr. Current Price ₹ 927 High / Low ₹ 948 / 440 Stock P/E 14.3 Book Value ₹ 361 Dividend Yield 0.65 % ROCE 23.5 % ROE 19.6 % Face Value ₹ 10.0 Industry PE 33.6 Debt ₹ 0.00 Cr. EPS ₹ 66.5 Promoter holding 74.4 % Intrinsic Value ₹ 716 Pledged percentage 0.00 % EVEBITDA 11.5 Change in Prom Hold 0.00 % Profit Var 5Yrs 12.6 % Sales growth 5Years 5.80 % Return over 5years 16.7 % Debt to equity 0.00 Net profit ₹ 152 Cr. ROE 5Yr 17.0 % Profit growth 55.2 % Earnings yield 9.80 % 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:GMBREWLong
by TraderRahulPal
KRBL is ready for another swing, 83% upside possible from hereHello guy's i have brought another stock which has taken support in trend continuation pattern, stock has shown huge volume spike, means traders and investors showing interest from this level. Higher probability we can see krbl towards 450/550+ in coming few months. Fundamentally this is one of the best company with good management, it has helped many investors to create huge wealth in past. Since Nov 2017 after making fresh new all time high at 675, it went in downtrend and made fresh low at 92 in march 2020(covid fear). Now stock has just taken support at support line and it is ready to fly in blue sky. Q:-What is Bullish Ascending Channel or Trend Continuation Pattern? Ans by Rahul:- A bullish channel is called a continuation trend pattern. The bullish channel is assembled by two parallel lines that frame the upward price trend. A line is validated when there has been at least two points of contact with the price. Q:- How to take Entry and Exit in Trend Continuation Pattern? Ans by Rahul:- Traders often consider buying near the lower trendline of the rising channel, anticipating that the price will bounce within the upward channel pattern. This provides potential entry points for bullish trades. And when price approaches the upper trendline of the channel, traders exercise caution. This is because the upper trendline may act as a resistance level. It's a point where the uptrend could temporarily stall or reverse, and this is only exit point or profit booking area for the Traders. Well guy's, while a rising channel suggests the continuation of an uptrend, traders also watch for potential ascending channel pattern breakouts. A rising channel pattern breakout can occur when the price either breaks above the upper trendline or below the lower trendline. An upside channel pattern breakout may signal a potential acceleration of the uptrend, while a downside breakout could indicate a reversal or trend change. About Company:- KRBL is worlds leading basmati rice producer and has fully integrated operations in every aspect of basmati value chain, right from seed development, contract farming, procurement of paddy, storage, processing, packaging, branding and marketing. Market Cap ₹ 7,100 Cr. Current Price ₹ 310 High / Low ₹ 471 / 258 Stock P/E 11.9 Book Value ₹ 212 Dividend Yield 0.32 % ROCE 15.8 % ROE 12.5 % Face Value ₹ 1.00 Industry PE 38.0 Debt ₹ 545 Cr. EPS ₹ 26.0 Promoter holding 60.2 % Intrinsic Value ₹ 325 Pledged percentage 0.00 % EVEBITDA 8.47 Change in Prom Hold 0.00 % Profit Var 5Yrs 3.56 % Sales growth 5Years 5.50 % Return over 5years -0.35 % Debt to equity 0.11 Net profit ₹ 596 Cr. ROE 5Yr 14.8 % Profit growth -15.0 % 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.
Editors' picks
NSE:KRBLLong
by TraderRahulPal
23
Sharda Motor Industries Limited - Breakout Setup, Move is ON...#SHARDAMOTR trading above Resistance of 2376 Next Resistance is at 3254 Support is at 1497 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SHARDAMOTRLong
by MandeepSinghKohli
Izmo Limited - Long Setup, Move is ON...#IZMO trading above Resistance of 287 Next Resistance is at 406 Support is at 187 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:IZMOLong
by MandeepSinghKohli
2
JUNIPER HOTELS LTD - Strong Reversal on the wayNSE:JUNIPER Company Profile Juniper Hotels Ltd. engages in the hotel operations. It identifies and acquires sites to develop its hotels and serviced apartments. The firm's portfolio includes Grand Hyatt Mumbai Hotel and Residences, Andaz Delhi, Hyatt Delhi Residences, Hyatt Regency Ahmedabad, Hyatt Regency Lucknow, Hyatt Raipur, and Hyatt Place Hampi. The company was founded by Arun Kumar Saraf on September 16, 1985 and is headquartered in Mumbai, India. Technical Factors. 1. Major Support Area- the price has reversing for 2nd time from the listing price level, which formes a good demand zone. 2. the last fall is on very low volume shows sellers are exhausting. 3. In the last session it has broken the resistance trendline and very narrow range base with more than average volume. 4. Our entry is above the major swing high @458, which is also a horizontal resistance area. 5. Short term players can keep a small stop around 415 zone and long term players can accumulate more at demand zone with a stop below listing price on weekly closing basis. Fundamental factors 1. The company is performing well and now its doing a turnaround from loss to profit 2. operating margins are improving 3. the company has reduced the debt significantly and also received healty rating from credit rating agency. The Traget levels are mentioned on chart. Note:- Always use position sizing to know how much quantity to enter in. Keep Learning, Happy Trading.
NSE:JUNIPERLong
by SANJAYPATIDAR_
Kalyani Investment Co Ltd (KICL) - Breakout Setup, Move is ON...#KICL trading above Resistance of 6488 Next Resistance is at 9219 Support is at 4301 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:KICLLong
by MandeepSinghKohli
HUDCO - Breakout Setup, Move is ON...#HUDCO trading above Resistance of 323 Next Resistance is at 404 Support is at 212 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:HUDCOLong
by MandeepSinghKohli
Atul Auto - Breakout Setup, Move is ON...#ATULAUTO trading above Resistance of 660 Next Resistance is at 1053 Support is at 490 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:ATULAUTOLong
by MandeepSinghKohli
Solar Industries India - Breakout Setup, Move is ON...#SOLARINDS trading above Resistance of 10654 Next Resistance is at 13361 Support is at 8047 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SOLARINDSLong
by MandeepSinghKohli
Power Finance Corporation Limited - Breakout Setup, Move is ON..#PFC trading above Resistance of 526 Next Resistance is at 681 Support is at 376 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:PFCLong
by MandeepSinghKohli