Mahindra & Mahindra - Breakout Setup, Move is ON...#M_M trading above Resistance of 2948
Next Resistance is at 3514
Support is at 2567
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.
Stocks
Breakout in Anant Raj Global Ltd...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.
Bajaj Auto Ltd - Breakout Setup, Move is ON...#BAJAJ_AUTO trading above Resistance of 10789
Next Resistance is at 12530
Support is at 9240
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.
Mahindra & Mahindra - Breakout Setup, Move is ON...#M_M trading above Resistance of 2202
Next Resistance is at 2948
Support is at 1453.80
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.
Jamna Auto: Will It Break the 100-Day EMA Support?Technical Analysis of Jamna Auto:
Jamna Auto is currently trading above its 100-Day EMA (Green), but uncertainty looms over whether this support level will hold. The weekly chart shows an increase in seller momentum, raising the likelihood of a downside move. Should the stock break and close below the first support level or even the 100-Day EMA on the weekly chart, it could drop to its strongest support range that sits between 92 and 95 with minor support at 105.
It is important to note, since January 2024, there has been a noticeable spike in volume, but it remains unclear whether this surge will push the stock higher or if it will succumb to selling pressure. Despite these challenges, the stock's outlook remains positive. However, it is prudent to take a wait-and-see approach to observe how this stock behaves in the coming weeks.
Potential Risk:
The primary risk to the stock's upward trajectory is the possibility of a broader market correction, particularly influenced by uncertainty in the Index.
Disclaimer:
This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
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News & Key Developments
Recent news highlights Jamna Auto Industries Limited’s subsidiary, JBM ECOLIFE Mobility, securing $100 million in funding from the Asian Development Bank and Asian Infrastructure Investment Bank to supply and operate electric buses across Indian states.
The funding secured by JBM ECOLIFE Mobility may positively impact Jamna Auto Industries Limited’s stock price, as it demonstrates the company’s commitment to electric mobility and its ability to secure significant investments. However, the overall impact on the stock price will depend on various market and industry factors, including the company’s financial performance and competitive landscape.
Key Developments
Secured USD 100 million strategic funding from the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) in September 2024 to accelerate electric bus deployment across India.
Has already deployed 200 air-conditioned Ecolife e-buses in cities like Berhampur, Bhubaneswar, and Cuttack, equipped with modern safety and convenience features and powered by fast-charging lithium-ion batteries.
Expansion Plans
Will utilize the funding from ADB and AIIB to supply and operate electric buses under the Gross Cost Contract (GCC) model in multiple states across India in a phased manner.
Aims to promote sustainable public transportation and support India’s Net Zero 2070 target.
Note: This is not financial advice.
SONACOMS (TF|W|) Bullish view .SONACOMS stock analysis Potential breakout opportunity
Chart Analysis : SONACOMS is displaying a strong breakout chart , indicating the upward movement in it's stock price.
CUP & HANDLE Pattern : The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks. A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
VOLUME BUILDUP: volume buildup near the breakout zone . Increased trading volume is a positive indicator, suggesting more interest in stock and potential momentum
REMSONSINDREMSONSIND - The stock has broken out by forming a pole and flag pattern
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
SHAKTIPUMPSHAKTIPUMP :- Above breakout line it can do well
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
A breakout stock - #Precision Wires NSE:PRECWIRE
❇️A good low risk setup in daily time frame above 212 makes a perfect entry.
❇️SL 204 near breakout area.
❇️A very good weekly break out at weekly time frame.
❇️Expecting stock price to reach 220-230-245 in up coming days.
❇️ Volume looks decent..
❇️Every entry must have a stoploss partnered with it.
Disclaimer:- not SEBI Registere. I not responsible of your profits and your losses. Thank you 🌻
👉🏻 @thetradeforecast 🇮🇳
20% upside possible in TATA Group (FMCG) Stock in short termHello i hope you all will be doing good in your life and your trading as well, today i have brought a stock which is belongs from TATA Group and stock in from FMCG sector. Stock is forming narrow Contractions which comes in volume contraction Pattern. Soon stock can give breakout of the zones which i have marked above in chart. Stock is good to go as positionally for short term to medium term. I will explain about this VCP method in next paragraph.
The Volatility Contraction Pattern (VCP) is a technical chart pattern used in stock trading to help identify potential buying opportunities and market breakouts. It's based on the idea that a period of low volatility is likely to follow a prolonged consolidation phase.
What it is?
A chart pattern that indicates a stock is preparing for a breakout.
How it works?
A price consolidation phase, where the price moves within a narrow range, followed by a breakout or breakdown.
Characteristics?
A series of smaller contractions, each tighter than the last, ideally with 2-4 contractions.
How it's created?
A supply and demand characteristic, created by institutions accumulating within a base.
How it's used?
To identify potential entry points for trades.
Note:- I have taken help of Google to explain about this pattern.
Tata Consumer Products Ltd. is one of the leading companies of the Tata Group, with presence in the food and beverages business in India and internationally. It is the second largest tea company globally and has significant market presence and leadership in many markets. In addition to South Asia (mainly India), it has presence in various other geographies including Canada, UK, North America, Australia, Europe, Middle East and Africa.
Market Cap
₹ 1,20,297 Cr.
Current Price
₹ 1,216
High / Low
₹ 1,254 / 844
Stock P/E
90.6
Book Value
₹ 162
Dividend Yield
0.64 %
ROCE
10.6 %
ROE
8.32 %
Face Value
₹ 1.00
Industry PE
30.1
Debt
₹ 3,477 Cr.
EPS
₹ 11.5
Promoter holding
33.8 %
Intrinsic Value
₹ 188
Pledged percentage
0.00 %
EVEBITDA
46.1
Change in Prom Hold
0.29 %
Profit Var 5Yrs
27.0 %
Sales growth 5Years
16.0 %
Return over 5years
34.4 %
Debt to equity
0.22
Net profit
₹ 1,167 Cr.
ROE 5Yr
6.83 %
Profit growth
15.9 %
Earnings yield
1.81 %
PEG Ratio
3.36
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.
ICICI Lombard General Insurance view for Intraday 23rd SeptemberICICI Lombard General Insurance view for Intraday 23rd September #ICICIGI
Buying may witness above 2255
Support area 2200. Below ignoring buying momentum for intraday
Selling may witness below 2198
Resistance area 2240-2250Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
view for Intraday 23rd September #AXISBANKAxis Bank Ltd
view for Intraday 23rd September #AXISBANK
Buying may witness above 125
2Support area 1230. Below ignoring buying momentum for intraday
Selling may witness below 1230
Resistance area 1250
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Cholafin view for Intraday 23rd September #CHOLAFIN
Cholafin view for Intraday 23rd September #CHOLAFIN
Buying may witness above 1615
Support area 1592-1600. Below ignoring buying momentum for intraday
Selling may witness below 1592
Resistance area 1610-1615
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Max Healthcare Institute Ltd - Breakout Setup, Move is ON...#MAXHEALTH trading above Resistance of 991
Next Resistance is at 1392
Support is at 721
Here is previous chart:
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.
TCS next moveTCS next move
CMP has triggered on demand area if its powerful demand we can expect a next target of 4600 and above
if its breaks bellow 41200 we can expect 3950 near by
Hit the like button to Rock !! Show some energy !!
Note :
⨻ Check the live market updates and analysis yourself before buy or sell.
⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge in trading for myself
⨹ This is my pre and post market analysis and my trading journey. Not a suggestion to buy or sell.
⫸ You are responsible for your trading not me ⫷
happy trading 🥰
GRINDWELL next moveGRINDWELL started sell trend and also making trend line liquidity forbreak upside
if break above 2440 we can expect uptrend up to 2810
if breaks bellow 2320 we can expect 1980
Hit the like button to Rock !! Show some energy !!
Note :
⨻ Check the live market updates and analysis yourself before buy or sell.
⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge in trading for myself
⨹ This is my pre and post market analysis and my trading journey. Not a suggestion to buy or sell.
⫸ You are responsible for your trading not me ⫷
happy trading 🥰