Supportandresistancezones
SUPRIYA (head & shoulder) SUPRIYA (head & shoulder)
targets are open 1st 360 , 2nd 410 SL .. always 5 % below
already i share my study prediction on this stock but see on chart you can see following points
1) cup & handle .
2) Descending Triangle Pattern with break out . not retext.
3) support & resistance
and added is
4) Head and shoulder
some day may be stock going up . good fundamental stock .
Company has reduced debt & almost debt free.
Company has a good return on equity (ROE) track record: 3
Years ROE 27.9% .
Shareholding Pattern is
Promoters 69%
FIIs 5.%
Dlls 7.%
and Publics is 19 %
I share link with below my already share check out
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“Disclosure : I am not Sebi-registered.” This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts /calls , please consult your financial advisors. Thanks
TTML - Swing Trade Analysis - 17th July #stocksTTML (1W TF) - Swing Trade Analysis given on 17th July, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Weekly Resistance Breakout Initiated - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
CHENNAI PETRO - Swing Trade Analysis - 11th July #stocksCHENNAI PETRO (1D TF) - Swing Trade Analysis given on 11th July, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a Small SL and a better RR) - In Progress
Please Note:
- Since the market is at a precarious spot at its levels, we need to be careful & mindful with our entries and position sizing
- Always work in probabilities and always keep your SL in play constantly
* Disclaimer
TANLA PLATFORMS - Swing Trade Analysis - 15th July #stocksTANLA PLATFORMS (1W TF) - Swing Trade Analysis given on 15th July, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Weekly Resistance Breakout Initiated - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
Please Note:
- Going to be extremely careful with this trade and my SL
- Will do a partial entry and then will add into it when it rises
* Disclaimer
ADSL - BREAKOUT AND A 2X CANDIDATE BASED ON FUNDAMENTALSHi All,
This idea is about Allied Digital Services Ltd
Mkt Cap - 1204 Cr
Stock PE - 26
Mcap/Sales - 1.75
As per mgmt concal transcript, revenue guidance of 1000Cr in FY25/26
Assuming NPM at 8%, this could take the mktcap to 2200Cr easily which wud appreciate the stock price towards levels of 400
Technically also its a healthy breakout with expanding Moving averages after tight consolidation. Volume is extremely good to support further price action
Happy Trading,
Thanks,
Stock-n-Shine
RITES LTD - Swing Trade Analysis - 13th July #stocksRITES LTD (1W TF) - Swing Trade Analysis given on 13th July, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
BIRLASOFT - Swing Trade Analysis - 13th July #stocksBIRLASOFT (1W TF) - Swing Trade Analysis given on 13th July, 2024
Pattern: REVERSAL FROM WEEKLY SUPPORT
- 5 Weeks Consolidation at Weekly Support Zone - Done ✓
- Strong IT Sector Weekly Breakout - Done ✓
- Accumulation with Volume Buildup at Support Zone - Done ✓
- Demand Zone Consolidation & Retest - In Progress
* Disclaimer
SUNDARAM FINANCE - RISING WEDGE SINCE AN YR Hi All,
This idea is about Sundaram Finance Holding
Fundamentals
Market Cap - 6k Cr
Mkt Cap/Sales - 20.9
ROE - 12%
P/BV - 1.27
Div Yield - 2.81%
Technicals
Price action has been in a rising wedge pattern since Jul 23 & currently consolidating at the bottom of channel for past few days. It can give a upmove of nearly 25% in very short term.
Traders can take positional trades to capture the move.
There is a small resistance for which traders need to be careful. Price reverted twice from that level
SL will be lower channel breach
Hope for a successful trade,
Thanks,
Stock-n-Shine
PAISALO - DESCENDING TRIANGLE BREAKOUTHi 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
ENGINERSINENGINERSIN
my study points
1) M ,W , DAILY break-out
2) break-out with high volume spike
4) chart pattern rounding bottom
5) fundamentally strong stock
6) Company is almost debt free.
7) Company has been maintaining a healthy dividend payout of 71%
holdings :-)))
a) Promoters 51%
b)FIIs & DIIs 24%
c) Public 25%
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“Disclosure : I am not Sebi-registered.” This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts /calls , please consult your financial advisors. Thank you
ICICIGI [cup&handle]Cup and Handle Pattern :
The chart shows a classic "cup and handle" formation, which is typically a bullish continuation pattern.
There was a breakout above the handle, which is a strong bullish signal. The price broke above the resistance level formed during the handle, indicating potential for further upside movement.
Resistance:
The previous resistance level around 1660-1700, which has now been broken, can be considered a new support level.
Support:
The area around 1600, which acted as a neckline for the cup and handle, is now a significant support level.
Volume Analysis:
An increase in volume during the breakout is a positive sign. If the volume continues to remain strong on up days, it reinforces the bullish sentiment.
Potential Target Levels :
The first target can be around the previous high near 1800-1850.
Further targets can be calculated using Fibonacci extensions or by projecting the depth of the cup (around 200 points) added to the breakout level, giving a target near 1900.
By keeping an eye on these levels and the overall market conditions, traders and investors can make informed decisions about their positions in ICICI Lombard.
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"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
NIFTY PHARMA Sector Analysis - 10th July, 2024NIFTY PHARMA Sector Analysis (1W TF) - 10th July, 2024
- After the breakout of the box consolidation in beginning of June, 2024
- The entire set of stocks in this sector has been showing continuous strength
- Looks like there is a little more steam for the sector till it hits a pause at the resistance
- Even with todays volatility the stocks showed some good pullbacks towards the end of the day
Stocks in Focus:
- Will be keeping a close eye on SYNGENE & GLAND (on a weekly time frame)
- Going to wait it out for another day for the charts to form to give a sense of clarity
Sector Stocks that have shown continuous strength from beginning of 2024:
- Auropharma, Biocon, Divislab, Glenmark etc
Sector Stocks that have show reversals since June, 2024:
- AbbotIndia, Alkem , Cipla, DrReddy, Gland etc
* Disclaimer
WELCORP - CLEAN BREAKOUT OUT OF DARVAS BOXHi All,
This idea is about Welspun Corp Ltd
FUNDAMENTALS
Mkt Cap - 17161 Cr
Mkt Cap/Sales - 0.99
P/E - 15.5
P/BV - 3
FCF - 1022 Cr
D/E - 0.35
Promoter increase thr stake by 0.18%
ROE - 21%
ROCE - 21.6%
Technicals
Price has been consolidating within a range of 25% and has now given a decisive breakout above the supply zone. There was a mid resistance as well which was broken with good volumes
Hope you have a profitable trade,
Thanks,
Stock-n-Shine
NIFTY50 - Weekly Index Analysis - 9th July #nifty50 NIFTY50 Update (as on 9th July, 2024)
- Here's an updated analysis on a Weekly Time Frame
- As mentioned, if the Nifty rises above these levels; then keep booking your profits in time. Holding your capital is better than holding onto an unnecessary extended loss
- Since Nifty is at a psychological level we need to start being extremely cautious and mindful about our portfolio holdings
- As always, please keep your SL in play for new positions and for exisiting positions keep your TSL tight
- If there is a correction that happens and you'll are sitting on capital, then choose your swing trades wisely at supports zones and position size mindfully
- And always remember that corrections are good and should be welcomed for bigger growth and stronger upward moves
- India's Growth story will still be on track
* Disclaimer
Become Emotionless & Trade Ryte
#nifty50 #weeklyanalysis
WELSPUN CORP - Swing Trade Analysis - 26th June #stocksWELSPUN CORP (1W TF) - Swing Trade Analysis given on 26th June, 2024
Pattern: REVERSAL FROM WEEKLY SUPPORT ZONE
- Consolidation & Pullback at Weekly Support Zone - Done ✓
- Strong Volume Buildup at Weekly Support Zone - Done ✓
- Demand Zone Retest - In Progress
* Disclaimer
GMDC - Swing Trade Analysis - 9th July #stocksGMDC (1D TF) - Swing Trade Analysis given on 9th July, 2024
Pattern: SYMMETRICAL TRIANGLE BREAKOUT
- Resistance Trendline Breakout - Done ✓
- Strong Pullback candle with Volumes after consolidation - Done ✓
- Demand Zone retest for a Small SL and a better RR - In Progress
* Disclaimer
#GMDC #niftymetal #nifty500
PNC INFRATECH - Swing Trade Analysis - 8th July #stocksPNC INFRATECH (1D TF) - Swing Trade Analysis given on 8th July, 2024
Pattern: FALLING WEDGE BREAKOUT
- Resistance Trendline Breakout - Done ✓
- Weekly Support Zone Retest & Consolidation - Done ✓
- Strong Pullback candle with Volumes after consolidation - Done ✓
- Demand Zone retest for a Small SL and a better RR - In Progress
* Disclaimer
#pncinfratech #niftyinfra #nifty500
RAILTEL - Swing Trade Analysis - 23rd June #stocksRAILTEL CORPORATION OF INDIA (1W TF) - Swing Trade Analysis given on 23rd June, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer