As seen on the chart, Grasim stock is trading near a strong supply zone of 1750-1775. The stock also has taken support from trendline which is drawn from 2020 lows. If the stock manages to break its ATH level and sustain above this supply zone for few weeks, we can see a flag breakout and a new bull uptrend in this stock. However, rejection from supply zone can...
Price Action has gone through multiple contractions since 2019 and is now poised to breakout of a major supply zone. Though Price action has broken the barrier, will still wait for a day to confirm a true breakout First contraction was close to 72%, followed by 50% during 2023 & finally reduced to 28% before giving a breakout. Squeeze kept getting tighter for...
Hi All, This idea is about Paisalo Digital Ltd Fundamentals Market Cap - 6976 Cr Stock PE - 39 ROE - 14.3% ROCE - 14.1% Promoter Stake - 47.6 Promoter holding Change 3 Yr - 3.79% Quick Ratio - 1.18 D/E - 2 Both Sales and EPS increased in FY24. Technicals Descending Triangle Breakout. Targets are marked as T1 & T2 Happy Trading, Thanks, Stock-n-Shine
Hi All, This idea is about Natco Pharma Fundamentals Market Cap - 21712 Cr Stock PE - 15 ROE - 25.9% ROCE - 30% Promoter Holding - 49.7 Quick Ratio - 3.42 D/E - 0.06 NATCO Pharma Limited (NATCO) is a vertically integrated, research and development focused pharmaceutical company engaged in developing, manufacturing, and marketing complex products for niche...
Chart Pattern: Breakout of Supply Zone Volume: Good volumes with a bullish candle closing Trendline: Breakout of trendline as well Entry Strategy: Buy at Current Market Price (CMP) ₹477 Stop Loss (SL): ₹410 for risk management Target: ₹711 Trade Duration: Swing Trade for 3-6 months
BEPL has been consolidating in a cup and handle pattern in monthly timeframe 130-150 has been a strong supply zone for the stock which has been successfully crossed. Now, we might see a big strong move as gates are open for stock. Long term investors should not miss this stock. Swing traders should wait for pull back of 135 levels for entry. We can expect...
A very positive breakout where all the moving averages converge & then expand. 1 Yr Breakout with strong sectoral tailwinds as all forging stocks doing well Strong upsurge in Volume indicates sustained price action upside from the present levels Supply and demand zones clearly marked in the chart with no extra indicators to cause any confusion.
Hi All, This idea is about MRF Limited Market Cap - 54 891 Cr Mcap/Sales - 2.18 P/E - 26.4 ROE - 13.2% ROCE - 16.9% Promoter Holding - 27.8% EPS - 4907 Quick Ratio - 0.79 D/E - 0.17 Technicals Price reversal breakout is seen on daily chart of MRF. It continued in falling wedge pattern & then price broke out of the upper channel with heavy volume. This could...
Hi All, This idea is about EMUDHRA Fundamentals Market Cap - 7438 Cr Stock PE - 98.7 ROE - 14.4% ROCE - 17.7% Promoter Buying - 54.4 Quick Ratio - 5.71 D/E - 0.01 Emudhra is a licensed certifying authority involved in issuing digital signature certificates in India under its eMudhra brand. The company is licensed by the Controller of Certifying Authorities...
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...
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...
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....
The 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...
Price Action has formed 3 contractions and getting tighter after each successive contraction as marked by the percentage. Once the price breaks the supply zone barrier it might give a good return
Currently, stock has given breakout from resistance and can be taken as a quick swing trade for 2300 target. Stock has a strong trendline supply zone which is around 2300. If this level breaks out, we can see huge rally in the stock and can be held for long term. Stock has good fundamentals and only around 2% is public holding. Good bet in EV sector theme.
An index analysis idea after many many months. Reason:- Today, we saw a short covering 400 points up move in Nifty with an ATH closing. What is the chart speaking now? Nifty has given daily closing above 22800 which was a strong supply zone. 23000 is a psychological resistance in Nifty now. As from chart, it is clear that our dear Nifty is trading in a channel...
#ETH/BTC Analysis: Major Support Trendline and Falling Wedge Breakout The 3ETH/BTC trading pair has been in a downtrend for the past 28 months, consistently forming lower highs and lower lows. However, recent price action indicates a potential reversal pattern that could signal the end of this prolonged bearish phase. Ethereum is currently taking support from a...
Gokul agro has tested level of 150 multiple times in last couple of years. Stock has managed to break the level now with heavy volumes. Stock can be accumulated for big returns in future, more than 2x. Stock is available at decent valuations currently. However, stock comes under high risk category so safe investors should stay away. However, such breakouts...