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Supply Zone

SUNTECK - EXCELLENT SETUP (MULTIYEAR BREAKOUT)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 each consecutive contraction which is a very positive sign. Even Volume support seems to be present along with Sectoral Tailwinds behind Real Estate
NSE:SUNTECKLong
by Stock-n-Shine
8
MRF - FALIING WEDGE BREAKOUTHi 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 signal a price reversal at this point Price has corrected almost 15% from its peak Happy Trading, Thanks, Stock-n-Shine
NSE:MRFLong
by Stock-n-Shine
EMUDHRA - BASE ON BASE FORMATION WITH BREAKOUTHi 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 (CCA), Ministry of Information Technology, and operates under the guidelines set by the Information technology Act Technicals After forming 2 bases, the price action is poised for stage 3 advance before forming next base. All the stages are shown in chart for clarification Hope you'll enjoy this idea, Happy Trading, Thanks, Stock-n-Shine
NSE:EMUDHRALong
by Stock-n-Shine
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
NIFTY- A strong move is about to come?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 and 23100-23150 is the next supply zone. If we see a consolidation near 23000, we might see this resistance getting broken and strong bull run till 25000 should be expected. However, there are high chances of bull trap getting formed in this zone , especially 4th June being an eventful day which is just 2 weeks away from now. I am expecting a highly volatile market till June end.
NSE:NIFTY
by chartistamey
Basic Understanding about Supply and Demand ZonesQ: What is a supply zone in trading? A: A Supply Zone is a Price level or Area on a chart where Selling pressure is expected to be strong enough to overcome buying pressure, causing prices to fall. It is typically identified by a concentration of previous price highs where sellers have historically emerged. Q: What is a Demand zone in Trading? A: A Demand zone is a Price Level or area on a chart where Buying pressure is expected to be strong enough to overcome selling pressure, causing prices to rise. It is usually identified by a concentration of previous price lows where buyers have historically stepped in. Q: How can traders identify supply and demand zones on a chart? A: Traders can identify Supply and Demand zones by looking for Areas where the price has previously made significant moves up or down. For Supply zones, they look for price peaks followed by sharp declines. For Demand zones, they look for price troughs followed by sharp increases. These zones are often marked by areas of consolidation or strong price rejection. Q: How do Supply and Demand Zones integrate with other Technical Analysis tools? A: Supply and Demand Zones can be used in conjunction with other Technical Analysis tools such as Trend lines, Moving Averages, and Candlestick Patterns. For example, a Supply zone that aligns with a Resistance level can provide a stronger signal for potential price reversals. Combining multiple tools can enhance the accuracy of trading decisions. Q: How can traders Manage Risk when trading Supply and Demand zones? A: Traders can manage risk by using stop-loss orders just outside the supply or demand zone to limit potential losses. They should also consider the size of the zone and the volatility of the scrips when determining their position size. Regularly reviewing and adjusting their zones based on market conditions can also help in managing risk effectively. Keep Practicing & Learning Price Ac tion concepts
NSE:NIFTY1!Education
by Himanu_HATradeTalk1
#ETH/BTC Analysis: Major Support Trendline and Falling Wedge Bre#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 significant trendline and has formed a falling wedge, a bullish reversal pattern. Traders and investors are now eagerly awaiting a breakout, which could pave the way for Ethereum to reach new all-time highs, potentially hitting the $15,000 mark against Bitcoin. **Major Support Trendline:** Over the past 28 months, ETH/BTC has been respecting a major support trendline. This trendline has acted as a critical support level, preventing further declines on multiple occasions. Recently, Ethereum has once again found support at this trendline, indicating a strong base and potential for a reversal. **Falling Wedge Pattern:** A falling wedge is typically considered a bullish reversal pattern that forms after a downtrend. It is characterized by converging trendlines that slope downwards, with the upper trendline having a steeper slope than the lower one. In the case of ETH/BTC, the falling wedge pattern has been forming over several months, signaling that the downtrend might be losing momentum. **Breakout Confirmation:** For the falling wedge pattern to be validated, ETH/BTC needs to break above the upper trendline of the wedge. A confirmed breakout would typically be accompanied by increased trading volume, indicating strong buying interest. Once this breakout is confirmed, it would suggest that the bearish trend has ended, and a new bullish phase is beginning. **Price Target:** The breakout from the falling wedge pattern could lead to significant upward momentum for ETH/BTC. Based on technical analysis and historical price movements, Ethereum could reach new all-time highs, potentially climbing to the $15,000 level against Bitcoin. This price target is derived from measuring the height of the wedge at its widest point and projecting it upwards from the breakout level. **Conclusion:** The #ETH/BTC pair has been in a downtrend for the past 28 months, but recent price action indicates that a reversal might be on the horizon. Ethereum is taking support from a major trendline and has formed a falling wedge pattern, both of which are bullish signals. Traders and investors should keep a close eye on the price action for a confirmed breakout above the upper trendline of the wedge. If this breakout occurs, it could propel ETH/BTC to new all-time highs, potentially reaching the $15,000 mark. This presents a compelling opportunity for those looking to capitalize on Ethereum's next major bullish run.
Long
by crypto_vulture_signals
2
WILL NIFTY50 SHOW REVERSAL FROM SUPPORT LEVELS ?Symbol - NIFTY50 CMP - 21980 NIFTY50 witnessing heavy selling and now slipping below 22,000 round level. Market sentiment is weak but according to my analysis, Nifty is now trading at major support levels. 22000 - 21930 is good support range for Nifty. I believe Nifty will take support from current levels & will show a reversal from here soon. Dow Jones is at good support levels, Crude is showing reversal from upper levels etc. are the triggers that will help Nifty to go higher from current levels. Hence I'm taking Future long positions in Nifty at CMP 21977 - 21980 I'll add more position around 21920 - 21930 levels, if comes & hold with 21880 SL. Targets will be 22170 - 22300 - 22430
NSE:NIFTYLong
by akshit_official
🎯 Unveil the power of Demand Zones with ACE! Catch the wave📊 Fundamental Key Points: Action Construction Equipment Ltd engages in manufacturing and marketing hydraulic mobile cranes, tower cranes, construction equipment, and agricultural machinery. The company offers a diverse product portfolio to meet various customer requirements. Financials: Market Cap ₹17,094 Cr, Current Price ₹1,428, Stock P/E 61.7, ROCE 26.2%, ROE 18.8%. Pros: Debt-free status, expected good quarterly performance, consistent profit growth of 24.9% CAGR over 5 years, improved debtor days. Cons: Trading at 16.4 times its book value, decrease in promoter holding over the past 3 years. Peer Comparison: Compared to peers in the Capital Goods sector, ACE shows favorable metrics like ROCE at 26.17% and solid profit growth. Quarterly Results: Dec 2023: Net Profit ₹88 Cr, EPS ₹7.41, reflecting positive growth trends over the quarters. Balance Sheet: Shows steady growth in assets over the years, with a well-managed debt profile. Shareholding Pattern: Promoters hold majority stake, with FIIs and DIIs showing consistent interest over time. *️⃣ Understanding the Basics - Technical Analysis First, let's break down some key terms you'll encounter in this analysis: RBR Zones (Rally Base Rally): This pattern signifies an upward price movement, followed by a period of consolidation (stabilization without significant price changes), before another upward movement occurs. Demand Zone: A price area where buyers tend to enter the market, causing the price to increase. Bullish Pin Bar Candle: A type of candlestick that indicates a potential reversal of a downward trend to an upward trend. 📈 In-Depth Analysis of ACE ACE is currently trading in a very significant area, known as a Demand Zone. This zone is not just any area on the chart; it's a powerful RBR Zone formed on both the daily and weekly charts. Here’s why this is crucial: The formation of the RBR zone was followed by the price reaching all-time highs accompanied by high volume, showing strong buying interest. Currently, the price has retraced back to this zone, accompanied by low volume, which could mean a potential reversal or continuation of the upward trend. Yesterday's price action closed with a Bullish Pin Bar Candle right at the Demand Zone, which often signals a turning point. 💹 Key Trading Strategy For those looking to trade ACE, here’s a straightforward approach: Entry Point: Current Market Price (CMP) at 1428. Stop Loss (SL): Below 1340, to protect against unexpected downward movements. First Target: Aim for 1600 as an initial profit target. Risk Management: Consider trailing your stop loss to lock in profits as the price moves favorably. Disclaimer: This analysis is for educational purposes only. I am not a SEBI registered analyst. Please do your own research or consult a financial advisor before making investment decisions. Concluding Thoughts Thank you for your engagement and feedback. Remember, trading is a journey of continuous learning and application. Feel free to ask questions or share your thoughts on this analysis! "In trading, as in life, the risk you take is a measure of the success you seek. 🚀"
NSE:ACELong
by AfnanTAjuddin
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
Swing Trading Gem:(ZEEL Set to Soar 10-15 % in a Month or Two*ZEEL is ready to offer returns ranging from 10-15% within a timeframe of one to two months*. Please note that terms and conditions apply. Reasons to Consider Taking a Trade: - A crucial Supply/Support zone has been pinpointed within the range of 140-145 - The trendline break. - Price has surged above the 50 Moving Average, which is now acting as a support level. Targets: I think Target 1: Will be achieved in a week or two and then 174 Target 2 will be achieved in a month and if ZEEL Blast then 191 Target 3 in 2 months. Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
NSE:ZEELLong
by NaveenTTR