#RUBYMILLS on the weekly chart analysis#RUBYMILLS Weekly Chart Analysis 📊
◽️ Volatility Contraction : A tightening of price range has been observed.
◽️ Volume Surge : Recent increase in trading volume suggests growing interest.
◽️ Breakout Potential : Breakout with volume confirmed on both weekly and monthly timeframes.
◽️ Short-Term Target : Potential for a 25-30% move, with a target around 30%.
📌 Disclaimer : This analysis is for educational purposes only and is not a buy or sell recommendation.
Keep an eye on this one! 📈
Keep learning. All the best.
Stocktobuynow
INDUSTOWER Momentum Setup 💹Greetings traders! 👋 Today, I'm excited to share my analysis on INDUSTOWER, highlighting a promising positional setup with a breakout supported by volume. Here's what you need to know:
📈 Setup: Positional Breakout With Volume
🔍 Analysis: I've conducted comprehensive analysis across multiple timeframes, confirming the breakout setup.
📊 Indicator Support: Momentum indicators are indicating strong support for the bullish momentum.
Stay tuned for potential upside momentum on INDUSTOWER! Remember to conduct your own analysis and implement proper risk management strategies.
#INDUSTOWER #PositionalSetup #BreakoutAnalysis #VolumeAnalysis #TechnicalAnalysis #TradingView #StockMarket 🚀
Bullish view on Magnum ventureMagnum Venture is a venture capital firm that specializes in investing in early-stage technology companies with high-growth potential. The firm provides funding, strategic guidance, and support to help entrepreneurs turn their ideas into successful businesses.
To analyze the financial health and performance of Magnum Venture, we can look at several key financial ratios:
Return on Investment (ROI): This ratio measures the profitability of Magnum Venture's investments. A high ROI indicates that the firm has invested in companies that have performed well and generated a significant return on the initial investment.
Gross Profit Margin: This ratio measures the percentage of revenue that is left after deducting the cost of goods sold. A high gross profit margin indicates that Magnum Venture is generating a strong profit from its investments.
Debt-to-Equity Ratio: This ratio measures the amount of debt that Magnum Venture is using to finance its investments relative to the amount of equity. A high debt-to-equity ratio indicates that the firm is relying heavily on debt to fund its operations, which can be risky if the investments do not perform as expected.
Return on Assets (ROA): This ratio measures how efficiently Magnum Venture is using its assets to generate profits. A high ROA indicates that the firm is using its resources effectively to generate returns on its investments.
Cash Conversion Cycle: This ratio measures how long it takes Magnum Venture to convert its investments into cash. A shorter cash conversion cycle indicates that the firm is able to quickly realize profits from its investments and reinvest the capital into new opportunities.
Overall, Magnum Venture's financial ratios can provide valuable insights into the firm's investment strategy, risk management, and performance. By carefully analyzing these ratios, investors can make more informed decisions about whether to invest in Magnum Venture or similar venture capital firms.
INFOSYS : MILLION DOLLAR STOCK TO KEEP AN EYE FOR MED TERM HOLDOne of the Most Prestigious Brand of Country Infosys Ltd a high Value stock to be kept on radar for next two or maximum trading sessions. The stock is near its 52 Week low and at Support level of the Channel it is respecting since April 2022.
CMP is 1389.20 and after rising from the demand Zone , it was moving in a range and then declined sharply today. However, price invalidation can be seen in today's trading as the fall in price is not in proportional to the Volume. Must be an affect of Weekly Expiry or affect of the news Infosys was into today. I believe it is just retesting the support at 1365.80 and will bounce back from the Demand Zone.
RSI : 40.05 ( Low ) is also indicating a buy signal.
We must enter the trade after retesting of the support is completed and we see a buying signal. Thus ,the stop loss will be the least i.e. support @ 1365.80 and the long term target would be the Supply Zone which is @ 1663.50
Kindly refer to the Chart for various analysis along with Targets and Stop Loss . I will update the idea once the stock retests the support and indicates buy Signal. However, the above analysis is not for actual trade. It is only of educational purpose . Please carry out your analysis on this idea and trade at your own risk. Do not forget ,
STOP LOSS IS MUST !!!
Good Luck !!!
TRENT LTD: SHORT TERM TREND ANALYSISThis scrip is certainly a Cash Cow for the Traders in next few days. Here we see TRENT LTD in completed CUP and HANDLE Format. The Chart has retested the support level at 1286 and crossed above the level 1340.55. First Entry level @ 1340 has already crossed as stock is trading @ 1363.10. However, if it retests the support level @ 1340.55 , one can enter the trend @ 1340. The Targets would be 1380 (Previous Resistance), 1475 (Previous Resistance) and 52 Week High of 1560.
Volume is High and Trend is supported by both the Moving Averages. Please refer to the Chart for further details and let me know if you have any questions. This analysis is completely for educational purposes, and it has nothing to do with CALL TIPS.
Please do not forget to boost once you are satisfied with my analysis.
JindalSteel: Bullish Breakout ReadyNSE:JINDALSTEL is in Bullish breakout ready.
Overall Steel Shares are showing momemtum.
Reasons:
Rectangle breakout and sustaining the breakout.
Consecutive two days of high volume.
RSI based momentum is above 75 and constantly rising.
Trade: Buy above 568, SL: 560, T: 572/580
Sell below 540, SL: 550, T: 534/525.
RBL Bank: Trend Reversal is imminentNSE:RBLBANK is about to show excellent breakout.
Price is crossing the 200 DMA. It is basically a trend reversal as the order will be: Price cut the 200 DMA, then 21 DMA will cut the 200 DMA and then 50 DMA will cut the 200 DMA, uptrend starts.
Volume is high.
A Bullish Engulfing candle is formed in daily chart engulfing whole 1 week price action.
Long build up is seen in OI data.
Trade : Buy above 153 (200 DMA), SL: 148. T: 158, 164 .. long term 200.
Option Strategy
Looking at the OI data here is what I can see:
Call side: Short covering is happening in 145 strike.
Call side: From 147.5 upto 160 .. all strikes has long build up.
Put side: Upto 150 short build up is happening.
So once price stays above 153, can simply buy 155 Call option (CMP: 5.35 with SL: 4.50, T: 7)
Note
Typically, when a very big engulfing candle is formed in chart, there is always a possibility that next few days price can consolidation within the range of the candle (143-152) from price action perspective.
Precision Wire: N pattern formation completeA very interesting chart formation we can see in NSE:PRECWIRE .
It was first an ascending wedge/triangle.
The breakout happens.
Then price retraces and retest the neckline of the wedge.
Now the retest completes. Ready to fly.
The N symbol (light blue), projection half-circle is shown.
Trade : Buy above 103, SL: 97, T: 130.
Finolex Cable: Confluence of multiple breaout patternsNSE:FINCABLES is showing pretty bullish momentum. Multiple breakout ready signals
Head and Shoulder pattern breakout
Rounding Bottom Breakout
Long term down trendline breakout
Very High volume
10th Nov is result date
Buy above 530, SL: 515, Target: 550/575
AsterDM HealthcareNSE:ASTERDM chart is showing a bullish breakout pattern consistently.
Starting around 243 level, it's actually an Elliot Wave 1-2-3-5-6, every time nice flag and pool pattern is creating.
The EW motive pulse is the pool and the EW corrective pulse is the flag consolidation.
And it's now in Wave-5, the most prosperous wave of EW.
Go LONG with a SL of 243.
Gravita: Breakout ReadyThis relatively less known stock NSE:GRAVITA is showing some pretty interesting breakout ready pattern.
Reasons (Many ways you can view it)
A head-and-shoulder pattern formation near-to-breakout
Rounding Bottom formation completes since Feb'2022.
Closed above a long-term resistance line around 380.
Buy above 388, SL: 379.
Granules: Ready to breakoutGranules has created a 9 month long rounding bottom and followed by a nice consolidation. Perfect to take long.
At the 9 months long resistance line retesting with moderate volume.
The nice perfect rounding bottom is formed.
The consolidation looks nice over a week.
One can buy on the breakout of 360 with a SL of 340. Target: No idea :)
Borosil: Nice bullish formationA very interesting chart formation. Let me explain:
There is an outer rounding bottom at the outside (since Jan 2022), followed by rectangle a consolidation.
Inside the outer rounding bottom there is another rounding bottom, followed by a rectangle consolidation.
After the inner rounding bottom - just note the big green candle. Who knows the same will happen today or tomorrow also :)
Concern : Low Volume
Try above 450 with a SL of 425.