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S&P 500 Preparing for a Robust RallyOn Weekly Basis: S&P 500 (SPY) completed its correction from 4800 to 3490 in its 5 Wave Down. Fibonacci 50% retracement from bottom 2300 to top 4800 ends at 3540, a support level in October, 2022. It took a support at 4115 which is a long-term horizontal support with multiple pivots on weekly charts. It looks like a fresh new Wave has just started from 4115 completing A Wave at 4771 and correcting B Wave at 4697. A powerful C Wave is currently intact and shall continue. D and E waves are not yet formed to predict a correction. There is a golden cross over at 200 DMA (January, 2023) and since then it has maintained an uptrend. It has come out of oversold position (June, 2022) to overbought position (currently) but may behave zig zag before meaningful correction may start. Now it has broken the strong resistance level at 4771 also a previous all-time high on weekly basis. Target of 5472 cannot be ruled out before a meaningful correction starts. There is still a chance for long position with 8% appreciation. AI, Semiconductors, Oil and Cryptos are the leaders in the pack. Warning and Disclaimer: Above prediction should not be taken as financial advise, it is a personal opinion. Consult your financial advisor. Investment is subject to market risks. Past performance is not the guarantee for future performance. It is for educational purpose only.
TVC:SPXLong
by AnkurSharda3
WANBURY LTD: 17-Year Resistance Shattered! Is This Pharma Stock WANBURY LTD: Breaking Resistance Like It's Going Out of Style! Technical Analysis: Breakout: Hold onto your hats, folks! Wanbury just smashed through a 17-year resistance level like a bull in a china shop... if the china shop had been reinforced for 17 years! Trend: The stock is in a strong uptrend, climbing faster than a squirrel on an espresso-coated tree. Volume: Huge volume activity observed. Traders are piling in like it's Black Friday at a discount pharmacy! Candle Pattern: That breakout candle is so bullish, it's practically wearing horns and pawing the ground. Support Levels: Previous resistance at 173.68 now likely to act as support. It's like the floor just became the ceiling, and Wanbury is redecorating the whole house! Fundamental Factors: Pharmaceutical sector seeing increased interest. Wanbury's producing more buzz than a beehive in a coffee shop. Potential new product launches or regulatory approvals could be fueling the rally. Risks: After such a strong move, a pullback is possible. Even rockets need to refuel sometimes! Keep an eye on broader market sentiment and sector-specific news. Trade Idea: Consider long positions with a stop loss below the breakout level. Target the psychological 200 level - it's time for Wanbury to join the 200 club! Remember, traders, timing is everything. You don't want to be fashionably late to this 17-year breakout party! Key Levels to Watch: Resistance turned support: 173.68 Next psychological resistance: 200.00 Stop loss consideration: Below 170.00 Disclaimer: This analysis is for educational purposes only. Always do your own research and manage your risk. Remember, the stock market is like a rollercoaster - thrilling, but it helps to have a strong stomach and know when to exit!
NSE:WANBURYLong
by TRADING-NASA
Momentum Swing Idea| Mallcom (India) LtdMallcom (India) Ltd Established in 1983, Mallcom (India) Ltd. is an ISO certified and government-registered star trading house. The company is in the business of manufacturing Personal Protective Equipment and Industrial Safety products. Financial =strong Market Cap ₹ 649 Cr. Stock P/E 18.9 ROCE 20.5 % ROE 19.9 % Debt to equity 0.45 Promoter holding 73.7 % Quick ratio 0.88 Current ratio 1.49 Piotroski score 6.00 Profit Var 3Yrs 28.2 % Sales growth 3Years 12.6 % Return on assets 11.7 % This stock is small cap with unique business . moreover fundamentally strong company. as well as RSI took support on 55 range . in near time if market breath is positive than this stock will be next level or if it break the momentum zone than be cautious. everyone must take glance in this business idea. even this type of small cap stock make next multibagger . Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like boost and follow me for more ideas. Thanks and comment freely
BSE:MALLCOMLong
by Momentuminvesting5540
MARKSANS PHARMA is in Wave 3 after Multi-Year Breakout!!Analysis Date: June 24, 2024 Marksans Pharma Stock Analysis: General Trend: The stock was in range for years, the previous monthly high for Marksans Pharma was Rs. 115 in August 2015. According to Elliott Wave theory, this marked the completion of Wave 1, followed by a correction and completion of Wave 2 on March 2020 and entered Wave 3. A breakout above the previous monthly high of Rs. 115.10 was recorded in July 2023. In August, September, and October 2023, the price retested the previous high and broke out again in November, accompanied by good volume. Entry and Exit Points: As per ichimoku the stock still in bull mode in monthly time frame and good accumulation last few months between 140-180. Long-term Perspective: The accumulation price range is a good area to buy the stock, with a stop loss set at Rs. 110 (monthly candle close not spike). Short-term Perspective: Fresh buyers can enter at CMP 162 and keep averaging till near the bottom of the accumulation zone and exit near the high of the range or hold or for two supply zones till 270. The stop loss will be1 hour candle close below RS. 135. Expected Target: Marksans Pharma is expected to hit supply zone 1 and 2 marked in the chart, once it breaks out of the accumulation zone. This target is derived based on the application of Fibonacci extension. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:MARKSANSLong
by WaveMoku
ISGEC Heavy Engineering Ltd - Long Setup, Move is ON...#ISGEC trading above Resistance of 958 Next Resistance is at 1232 Support is at 704 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.
BSE:ISGECLong
by MandeepSinghKohli
1
India Nippon Electricals: Shocking Gains or Short Circuit AheadAttention all chart junkies and market maniacs! If you thought the only thing in India that could surge this dramatically was the summer heat, think again! India Nippon Electricals is here to prove that stocks can be hotter than a forgotten chapati on the tawa. Price Action Analysis: 📈 Current Price: ₹792.20 (more electrifying than your neighbor's DIY wiring job) 📊 Gain: +67.90 (+9.37%) (enough to make even the most stoic trader do a little bhangra) Key Observations: Breakout Bonanza: INDNIPPON has smashed through previous resistance like a monsoon flood through a poorly built dam. The ₹741.30 level? More like a speed bump for this charging bull. Volume Surge: Trading volume is higher than the decibel level at a Diwali firecracker party. This suggests strong conviction in the move. Traders are piling in faster than aunties at a wedding buffet! Trend Analysis: The uptrend is so strong, it could probably pull a fully loaded truck up the Himalayas. We're seeing higher highs and higher lows, a pattern more consistent than your grandma's daily soap opera viewing schedule. Support Turned Resistance: The previous resistance at ₹741.30 now looks like it could act as support. If it holds, it'll be stronger than your uncle's opinion on politics. Trading Idea: Long-term investors might want to ride this electrical wave, but keep an eye out for any signs of a short circuit. For the brave day traders out there, buying the dips could be more profitable than selling pakoras in the rain - just make sure to set those stop losses tighter than your budget during end-of-month blues. Potential Targets: 🎯 Short-term: ₹825 (as ambitious as your New Year's resolutions) 🎯 Mid-term: ₹850 (reaching for the stars, or at least the top shelf of the liquor cabinet) Risks: Remember, what goes up must come down - unless it's the price of petrol or your neighbor's ego. A pullback is always possible, so don't bet your entire portfolio on this one stock, unless you want your financial future to be as uncertain as a weather forecast during monsoon. Final Thoughts: India Nippon Electricals is currently hotter than a jalapeño in a Delhi summer. But like trying to eat said jalapeño, approach with caution. This stock might continue to light up your portfolio, or it could blow a fuse. Either way, it's sure to be more entertaining than watching paint dry! Disclaimer: This analysis is about as reliable as your friend who swears they know a shortcut through Mumbai traffic. Always do your own research and consult a financial advisor before making investment decisions. Happy trading, and may your profits be as plentiful as pani puri on a street corner! 🚀💸
NSE:INDNIPPONLong
by TRADING-NASA
3
Momentum Infra Stock| KNR Constructions LtdKNR Constructions Ltd KNR Constructions Ltd, incorporated in 1995, is engaged primarily in the construction of roads, bridges, flyovers and irrigation projects. Financial: Market Cap ₹ 7,783 Cr. Current Price ₹ 277 Stock P/E 14.1 ROCE 20.8 % ROE 15.5 % Debt to equity 0.25 Promoter holding 51.1 % Quick ratio 1.57 Current ratio 1.83 Piotroski score 9.00 Profit Var 3Yrs 14.8 % Sales growth 3Years 18.3 % Return on assets 8.20 % This stock is now in momentum zone with strong fundamental. I selected bcz i invest in India so infra stock is more demanding in upcoming future. keep in radar this stock. Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like boost and follow me for more ideas. Thanks and comment freely
BSE:KNRCONLong
by Momentuminvesting5540
Dabur India has given Breakout of Bullish Triangle PatternHello Everyone, I hope you all will be doing good in your trading and your life as well, i have a stock which has given a bullish triangle pattern breakout on weekly timeframe. Stock name is Dabur India and it is one of the leading fast moving consumer goods (FMCG) players dealing in consumer care and food products. Dabur India Limited is the fourth largest FMCG Company in India and the world’s largest Ayurvedic and Natural Health Care Company with a portfolio of over 250 Herbal/Ayurvedic products. Market Cap ₹ 1,09,930 Cr. Current Price ₹ 620 High / Low ₹ 634 / 489 Stock P/E 60.7 Book Value ₹ 55.7 Dividend Yield 0.84 % ROCE 22.3 % ROE 19.2 % Face Value ₹ 1.00 Industry PE 44.5 Debt ₹ 1,365 Cr. EPS ₹ 10.4 Promoter holding 66.2 % Intrinsic Value ₹ 145 Pledged percentage 0.00 % EVEBITDA 38.4 Change in Prom Hold 0.01 % Profit Var 5Yrs 3.89 % Sales growth 5Years 7.81 % Return over 5years 8.67 % Debt to equity 0.14 Net profit ₹ 1,811 Cr. ROE 5Yr 21.6 % Profit growth 7.26 % 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:DABURLong
by TraderRahulPal
4
Bullish Flag pattern in SANGHVI MOVERSA Weekly Bullish Flag and Pole pattern is visible on the charts of Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the NSE:SANGHVIMOV MACD gave Positive crossover on Daily chart , Monthly chart and on weekly chart, it is on verge of giving positive breakout So, expecting the momentum to continue. One can look to create a fresh position in the scrip near Rs. 740-760 levels with the stoploss of Rs. 620.55 on weekly closing basis. The 1st target will be 840.10 , 2nd target will be 928.10, 3rd target will be 1008.20, 4th target will be 1096.65 and fifth target will be 1184.55.
NSE:SANGHVIMOVLong
by raigvivek