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Hindustan Unilever ready to Fly !! Hindustan unilever showing bullish signs as per 1 Day time frame.
CMP: 2510
the stock is bouncing back from the demand zone and successfully broken out from trendline resistance as per daily time frame chart.
its a good time to accumulate the stock once the price closes above 50 day exponential moving average.
Potential Entry price: 2549 on closing basis.
Target 1: 2740
Target 2: 2970
Stoploss: 2415.
Please note that, This is a long term perspective and may need to hold for 3 to 6 months.
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#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
eClerx Services breakout confirm.Company provides data management, analytics solutions and process outsourcing services to a host of global clients through a network of multiple locations in India, and abroad.
Geographical Split
USA: 67% in FY21 vs 60% in FY18
UK: 6% in FY21 vs 4% in FY18
Europe: 20% in FY21 vs 23% in FY18
Asia Pacific: 7% in FY21 vs 13% in FY18.
EBIT for the period is INR 146.5 crore, down by 9.6% YoY.
Profit after tax for the quarter ended June 30, 2023 was INR 106.3 crore compared with INR 99.2 crore in the corresponding period in the previous year, an increase of 7.2% YoY.
Basic EPS for the quarter ended June 30, 2023 was INR 22.12 as compared to INR 19.98 (adjusted for bonus) in the corresponding period last year.
Warning:- Analysis Posted here is just our view/personal study method on the stock. Do your own analysis or consult your financial advisor before making any investment decision
Bullish BAJFINANCE -W patternKeep a close eye on the stock if sustained this week then we can witness a give a good upside in the coming days. Before breakout stock has formed the w pattern.
Disclaimer - The chart is shared only for educational purposes. Please do not trade ideas without consulting your technical advisor.
Reliance might finally give "Real Breakout"After the swift rally following the covid lows, reliance gained 200% within 1.5 years.
And since then price went sideways. In past 2 years, reliance has given 0% return to those who bought at the top, or to anyone who bought in the range.
This might change in coming period, and we can finally see Reliance making proper breakout, not the fake ones its been making over the past 2 years.
The reason I believe so is because valuations have come to more reasonable level, seen during the covid period lows, not extreme undervaluation but more within the long term range.
And with all the future enthusiasm there is about the business prospects of Reliance. I can easily see the upside coming in.
Valuations are now in the range of 24-25x, down from overvaluation of 36-37x where it topped.
So, yeah, things are falling in place for Reliance to lead once again.
WATCH OUT THE NEXT BREAKOUT. IT MIGHT BE THE REAL ONE.
Zodiac Cloth: Confirmed Inverted H&S Breakout Hi,
A bullish Inverted H&S Shoulder breakout has been observered on Weekly Chart of NSE:ZODIACLOTH One can create a fresh position in the scrip at CMP of Rs. 110 or below with a stop loss of Rs 100 on weekly closing basis and for targets of Rs 120/130.
Exit the position if the stop loss is triggered on DCB.
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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Game Changer Micro Cap Swing Trading Radar Game Changer Micro Cap Swing Trading Radar
Those trading in risky and small companies should look at this stock with a positive eye!!
NTPC long possible?NTPC stock is in a long uptrend & a high probability that the stock will continue the uptrend and going to hit all-time new highs.
1) Long after the BO of conflux area above 240 with a green candle.
2) Previous stock move from the 50 EMA .
3) If RSI also crosses above 60, that's a very high chance of the stock going long .
In case stock rejects the area then wait to touch the 200 EMA levels for right entry.
This is for your educational purpose only.
Ship-building companies in a trajectory of their ownNSE:MAZDOCK has out-performed its peers NSE:COCHINSHIP and NSE:GRSE since the start of 2023. However, all 3 stocks have out-performed the market. These 3 have created significant wealth for investors. Fundamental triggers are plenty for these companies. Defense sector is looking very strong and one should definitely keep an eye on these 3. Order book is also very strong.
Breakout In Manappuram Finance !Manappuram Finance has just demonstrated a noteworthy breakout from an Ascending Channel pattern, which has helped it hit 52-week high levels. A general bullish biasness towards the stock is indicated by this upturn.
After carefully examining the daily charts, it is apparent that a Change in Polarity (CIP) pattern has developed near the Rs 131 price level. The stock's upward trajectory is thereby strengthened.
Along with this, the stock price managed to sustain above crucial moving averages i.e. 50,100, and 200 SMA. Hence, strong bullish momentum can be expected in upcoming few weeks.
CMP: 146
Buy above 154.
Target: 185-190
Stoploss: 138.
Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
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