JTEKTINDIA - RARE CHART WITH 6 CONTRACTIONS & BREAKOUTHi All,
This idea is about JTEKT India Ltd
Fundamentals
Market Cap - 5661 Cr
Stock PE - 55
ROE - 13.6%
ROCE - 17.3%
Promoter Holding - 75%
MktCap/Sales - 2.5
Quick Ratio - 1.12
D/E - 0.14
Technicals
Rarely it is observed that a stock goes through 6 contractions before going for a breakout from a rising wedge channel. This is a weekly chart & only meant for long term investors.
Each contraction is marked by how much percentage the stock corrected before making a top again. Over 5 years the stock has made multiple High tops and high lows and now attempting to move out of the channel
This chart can be used for education purpose also to understand the dynamics of supply and demand
Happy Trading,
Thanks,
Stock-n-Shine
Supportandresistancezones
MAHANAGAR GAS - Swing Trade Analysis - 30th June #stocksMAHANAGAR GAS LTD (1W TF) - Swing Trade Analysis given on 30th June, 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
CEAT LTD - Swing Trade Analsyis - 29th June #stocksCEAT LTD. (1W TF) - Swing Trade Analysis given on 29th June, 2024
Pattern: FALLING WEDGE BREAKOUT
- Weekly Resistance Trendling 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
CRAFTSMAN AUTOMATION - Swing Trade Analysis - 16th June #stocksCRAFTSMAN AUTOMATION (1W TF) - Swing Trade Analysis given on 16th June, 2024
Pattern: CUP & HANDLE
- Weekly Volume Buildup at Resistance - Done ✓
- Weekly Resistance Breakout - In Progress
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
NIFTY50 - Weekly Index Analysis - 15th June #indices #nifty50NIFTY50 Analysis Update (1W TF) - 15th June, 2024
- Trading outside the channel as of now
- The Resistance & Support Zones are marked out
- This should help choosing our Swing Trades as well
If you are in FOMO:
- Then ensure to choose stocks that are at Weekly support levels only
- Do not jump into falling knives which are away from their support levels
Note: The charts will be updated as we go along. But please ensure to keep your Risk Management in play constantly for any and all swing trades.
* Disclaimer
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
HUHTAMAKI - 10 YEAR CLEAN BREAKOUT (WEEKLY CHART)Hi All,
This is about Huhtamaki India Ltd
Fundamentals:
Market Cap - 2959 Cr
Stock PE - 27
ROCE - 12.5%
ROE - 13%
Promoter Holding - 67%
EPS - 53
PEG - 0.83
Quick Ratio - 1.56
Debt to Equity - 0.22
Technicals:
10 year breakout on weekly chart with good volume support. Expanding moving averages after a tight consolidation
Should wait for today's closing before taking the trade
Hope you will enjoy the trade,
Happy Trading!
Thanks,
Stock-n-Shine
Great Shorting opportunity in ABBABB is around the Long Term Resistance
ABB is up almost 1200% in last 4 years !
Which is very extraordinary.
If we analyse Monthly timeframe analysis then we can clearly see Stock is around the long term channel Resistance.
Resistance is coming around 9200-9300
Also to confirm the same resistance, on a Daily timeframe we can see Rising channel which is seems working and stock is around the resistance.
Right now stock is around 9200-9100 and if stock falls from the highs then we can expect stock to come around 7200-7300
Thank you !!
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
INDIAN HOTELS - Swing Trade Analysis - 8th June #stocksINDIAN HOTELS (1D TF) - Swing Trade Analysis given on 8th June, 2024
Pattern: FALLING WEDGE BREAKOUT
- Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
Please Note:
- Because of Fridays crazy move in the Nifty, there might be a pull back till the Trendline so ensure correct position sizing
- If not, then it automatically gives us a small SL and you can pyramid into as it rises
* Disclaimer
MOTHERSON SUMI - Swing Trade Analysis - 14th June #stocksMOTHERSON SUMI (1W TF) - Swing Trade Analysis given on 14th June, 2024
Pattern: SYMMETRICAL TRIANGLE BREAKOUT
- Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
IT SECTOR OVERVIEW: Super Bullish!Observation & Overview:
1. The IT Index was beaten down in late 2022.
2. After 2023 it formed a bottom and prices started gaining strength.
3. 2024 price started forming Higher Highs & Higher Lows, touched the previous 2022 ATH and currently, taking support from the 50% of the swing and also bouncing from a D tf demand.
4. It is acting as a major support zone and good weekly candle rejection can be noticed.
5. Signs of buyers getting dominant and it should break the ATH soon.
6. I'm expecting a minimum 15% ROI from this sector turnaround.
7. Hopefully, with sector rotation this sector is going to gain momentum eventually.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
BIKAJI FOODS - Swing Trade Analysis - 1st June #stocksBIKAJI FOODS (1W TF) - Swing Trade Analysis given on 1st June, 2024
Pattern: ASCENDING CHANNEL
- Weekly Resistance Breakout - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
Please Note: This is also at a 4 Month Breakout Level
* Disclaimer
UBL is ready for Correction UBL us around the long term Resistance !!
UBL may correct around 2200-2300 level if Resistance is not broken
Also if anyone already has the stock then they may use trailing Stop Loss to limit their Loss and to book Maximum profits from it
Also Stock is making Broadening Pattern on a Daily timeframe
If stock sustain above 2200-2300 levels then It will be multiyear breakout and we can see huge upsidde in months to come
But for now Its around the resistance !!
Thank You !!