Get started

Supplyandemandzones

ELIN - SIMPLE SETUP, GREAT POTENTIAL (GOLDEN CROSSOVER)Hi All, This idea is about ELIN ELECTRONICS (EMS Sector) Fundamentals: Market Cap - 1033 Cr Total Sales - 1042 Cr Stock P/E - 74 Healthy quick ratio - 2 Low ROCE - 5.12% Increase in promoter holding by 0.42% but still promoter holding low at 33 Technicals : Price has just broken out of consolidation since Feb 23 near to its listing with expansion in moving averages and golden cross over on daily chart. Price has crossed Point of Control in VRVP indicator (Volume Profile) supported by surge in volume. Great Sectoral tailwinds behind EMS sector as a whole Hope you'll enjoy the trade, Happy Trading, Thanks, Stock-n-Shine
NSE:ELINLong
by Stock-n-Shine
GICRE - UPSIDE POTENTIAL OF 40%Hi All, General Insurance Corporation of India - CMP (406) Market Cap - 71309 Cr Stock PE - 10.7 Book Value - 315 Promoter Holding - 85% EPS - 38 As per the technical pattern on weekly timeframe, price action has formed Bullish Continuation Pattern and is currently trading at lower channel of the trend formation. An upside of 40% is clearly visible over coming months which is the upper channel of the bullish pattern. In the current week, price action has broken the horizontal resistance as well confirming the upside in near future. Relative Strength has also turned positive on all major time frames. As per fundamentals, Stocks is still undervalued at PE of just 10.7 with sector PE of 17. Healthy Dividend of 20.4% CAGR growth of 24.1% over last 5 years Hope everyone enjoys this trade! Happy Trading, Thanks, Stock-n-Shine
NSE:GICRELong
by Stock-n-Shine
2
RELIGARE - MONTHLY CHART (INTERESTING PATTERN - NO TRADE YET)This chart is extremely interesting to study Look at the pattern During first contraction, there was a huge supply which took the price to abyss levels of 17 from levels of 280. The contraction measured 91% as per the scale Second contraction supply got limited to only 50% retracement & in the third it was only 28% This shows diminishing supply pattern. Price action give a successful breakout but went into consolidation. The least line of resistance is 285 & it should be kept on radar
NSE:RELIGARE
by Stock-n-Shine
GEOJITFSL - EXCELLENT SETUP FOR LONG TERM INVESTORSThe pattern is based om Monthly TimeFrame so it is meant only for long term Investors Made a high on Jan 08 of 131 and then went under a major contraction of 10 Years when it again made a high of 147 in Oct 17. That was the formation of first contraction. Similarly it went for another contraction of 4 yrs & then eventually of 3 years. It can give a big upside if it is able to break 147 and pass 150 levels Another possibility is it can go for another contraction but what makes the present contraction more promising is the spurt in Volume which might take the price action cross the major barrier So its a case of Wait and Watch
NSE:GEOJITFSL
by Stock-n-Shine
TREND CHANGED IN NMDC - FROM BUYING ON DIPS TO SELL ON RISE ?NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power. This PSU stock has given great returns to investors as well as traders in last one year. Although there exists so many positive talks about NMDC's volume growth, sales growth & capacity enhancement etc. which are fundamentally good but I think trend is changed in NMDC. This stock was buy on dips since May-June 2023 but right now as per technical chart & price action, I think trend is changed from buy on dips to sell on rise. I will find opportunity to sell it on each rise until it breaks 235-240 level. So, Is it still buy on dips or has become sell on rise? Only time will tell! P.S. : This stock is on my main watchlist for a short trade.
NSE:NMDCShort
by akshit_official
4
USDSEK - SMALL SL FOR BIG REWARD ?Symbol - USDSEK USDSEK is currently trading at 10.80500 I'm seeing a trading opportunity on sell side. Shorting USDSEK pair at CMP 10.80500 Holding with SL of 10.84000 Targets I'm expecting are 10.60000 & 10.48000 This is a high risk trade with small SL & big targets. Let's see what happens! Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Short
by akshit_official