Get started

Swing

Swing1.Current Price: The stock is trading at ₹307.35, up ₹9.45 (3.17%) for the day. Trendline Breakout: A downward sloping trendline (orange line) connecting recent lower highs was broken on the upside. This indicates a potential trend reversal to the upside. Resistance and Support: Resistance: The stock has crossed the immediate resistance level of ₹302 (blue line). Sustaining above this level could signal further bullishness. Support: A key support zone is visible at ₹266.65 (orange horizontal line), which acted as a strong floor during pullbacks. 2. Volume Analysis The volume at the bottom of the chart indicates significant participation during the breakout. Increased volume during an upward move confirms the strength of the breakout. 3. Candlestick Pattern Recent bullish candles with higher closes and increased volumes signal strong buying interest. There is no major bearish candlestick that would currently negate the breakout. 4. Possible Scenarios Bullish Case: If the stock sustains above ₹302, it can aim for higher targets, with next resistances possibly in the ₹320-330 range based on past price levels. Positive sentiment in the defense sector, along with Bharat Electronics' leadership in electronic and defense equipment manufacturing, supports the bullish case. Bearish Case: If the stock fails to sustain above ₹302, it could revisit support levels near ₹266, which is a critical level for bulls to defend. 5. Conclusion This chart suggests that BEL has entered a bullish phase after breaking out of its consolidation and downtrend. The breakout above ₹302, supported by strong volumes, indicates a higher probability of an upward trend continuation. Short-term traders can watch for further confirmation of the breakout, while long-term investors might consider accumulating on dips given the company’s strong fundamentals in the defense sector.
NSE:BELLong
by iamsaurabh533
Swing 1. Key Observations Price Action: The stock is trading at ₹4,474.65 as of the chart date, reflecting a positive change of +₹110.10 (2.52% increase). Trendline Breakout: A downward trendline has been drawn connecting the lower highs (orange line). The stock has broken above this trendline, suggesting a potential reversal of the downtrend. Support and Resistance: Resistance: The stock has moved above the resistance zone at ₹4,476.45. Sustaining above this level could confirm bullish momentum. Support: A key support zone is visible at ₹3,763.35 (horizontal orange line). This level has held during previous pullbacks. 2. Volume Analysis The trading volume below the price chart shows an increase in activity during recent upward price moves. This supports the breakout and indicates strong buying interest. 3. Moving Averages (Implied) The chart does not explicitly show moving averages, but the overall price action indicates that the stock is likely above shorter-term averages (e.g., 20-day, 50-day), signaling short-term strength. 4. Possible Scenarios Bullish Scenario: If the stock sustains above the ₹4,476 resistance, it could target higher levels. Positive sentiment in the defense sector, supported by government orders and HAL's robust financials, may fuel further upside. Bearish Scenario: If the breakout fails and the stock moves back below ₹4,476, it could retest the support level near ₹3,763. 5. Conclusion This chart suggests a potential reversal from a downtrend. Traders may look for confirmation of the breakout by observing if the stock sustains above the resistance with strong volumes. The overall sentiment remains bullish, supported by HAL's strategic importance and favorable sectoral tailwinds.
NSE:HALLong
by iamsaurabh533
Adani Ports: A Quality Company with a Strong Growth Outlook Adani Ports , one of the Adani Group's flagship companies, has consistently proven its strength. Despite market volatility, it remains a fundamentally solid enterprise. Key Insights: Following the Hindenburg report in January 2023, Adani Group stocks, including Adani Ports, faced a massive crash. However, Adani Ports rebounded impressively, finding support at a previous key level and delivering over 300% returns from that point. Recently, the stock has experienced another sharp correction due to bribery allegations. It has fallen back to a significant support zone, presenting what could be a lucrative buying opportunity for risk-tolerant investors. Current Setup: Stock Price: Around ₹1200 at present. Plan: Accumulating shares down to ₹980 with a potential target price of ₹2400, offering the possibility of doubling the investment. Risks: The stock is highly volatile, and only those comfortable with elevated risk levels should consider this opportunity. Conservative or safe traders may want to avoid this stock for now. Why Adani Ports? Strong Fundamentals: Adani Ports is a well-managed company with robust operations. Attractive Valuation: The current correction brings the stock to an appealing price level for long-term investors. Growth Potential: The company has demonstrated its ability to recover and generate substantial returns, even under challenging circumstances. Financial Update: For those analyzing the stock's fundamentals, here are the Q2 financial results for Adani Ports: Consolidated Net Profit: ₹24.5 billion vs. ₹17.4 billion (YoY growth). Final Thoughts: Investors should make decisions based on their own risk tolerance and investment strategy. While the stock holds significant upside potential, its volatility should not be underestimated. Always do your research before investing. Stay informed and invest wisely!
NSE:ADANIPORTSLong
by iamrk7
Moil - Low Risk Setup CMP 334.60 on 02.11.24 The price has been corrected by around 40% from the higher levels. All important levels are marked on the charts. If crosses the area of 340-370 and sustains above, may go into a bullish phase again. targets may be 380/480 and even more. If sustains below 310 and sustains below, the setup goes weak. At present point, the risk-reward ratio is quite good. This is my view only for learning and sharing purposes, not trading advice in any form. All the best for your trading journeys.
NSE:MOILLong
by anandlive
Cello World - PositionalIn the last few months, the stock had been traveling in a rising wedge pattern. Recently breached the channel in downside. At present trying to enter the channel again, after taking support at the 860-870 zone. That has been a good support level in the recent sessions. If crosses 930, with good volumes and sustains the momentum, further targets may be 1000/ 1120. If sustains below 860, the setup will go weak. This illustration is only my view, only for learning and sharing purposes, not a piece of trading advice in any form. All the best.
NSE:CELLOLong
by anandlive
Swing Trading Idea :: 02The daily chart forms a cup and handle pattern. The stock has recently made a higher high with volume buildup, a significant technical milestone, This indicates the potential for sustained upward momentum, especially as volume supported the breakout. The stock could face psychological resistance around INR 2000. If momentum continues and the stock decisively breaks above INR 2000, a further target could be set around historical levels. For a stop-loss level, consider placing it slightly below the retest level. These levels can be adjusted based on risk tolerance and evolving market conditions. Disclaimer: The information and publications are not meant to be, and do not constitute financial, investment, trading, or any other types of advice or recommendations.
NSE:SASKENLong
by chaitanyajerripothula95
A good long term pick !? - Jyoti Structures Ltd NSE:JYOTISTRUC Here's an analysis of Jyoti Structures Ltd. based on recent fundamental and technical insights: ### Fundamental Analysis: Jyoti Structures Ltd. operates in the capital goods sector, with a focus on electrical equipment for power transmission and distribution. The company’s revenue for the trailing twelve months (TTM) is around INR 31.7 crore, while its net profit for the same period stands negative, reflecting ongoing challenges in profitability Key financial indicators include: - PE Ratio: Around 87.3, suggesting an overvalued stock relative to its earnings, which may imply speculative interest or limited profitability. - Book Value: A low price-to-book value ratio of approximately 0.3, often indicating potential undervaluation in the market but also low asset strength. - Debt: High leverage with total loans reaching INR 1,916 crore, which may indicate liquidity risks. The company has struggled with negative operating and net profit margins (OPM and NPM), though recent quarters show slight improvements in revenue. However, profit margins remain low, partly due to high debt and restructuring phases ### Technical Analysis: Technically, Jyoti Structures has shown signs of volatility. Key indicators from recent trading suggest: - Moving Averages: The stock has shown bullish signs in the short term, crossing certain moving averages, which may signal upward momentum. - Relative Strength Index (RSI): RSI oscillates near neutral, suggesting neither overbought nor oversold conditions. - Momentum and Trend: Some indicators like the MACD suggest potential for further gains if market sentiment continues to favor the stock, although this momentum could be short-lived if fundamental pressures persist In conclusion, Jyoti Structures Ltd. presents a mixed picture. While there is some short-term trading momentum, fundamental challenges such as high debt and low profitability weigh heavily. For long-term investors, caution may be advised due to these financial risks, whereas traders might find opportunities in its price volatility.
NSE:JYOTISTRUCLong
by thetradeforecast
1
Navin Fluorine - Positional SetupThe chart shows the possible supports and resistances. At present, the price is about to cross a predefined resistance area around 3450-3500. If crosses the zone and picks some momentum, we may see upper targets according to the setup. Also, the gap area upside is to be filled in due time, of course in a bullish phase. If sustains above 3500, may go to 4000/4200 or even more. If sustains below 3200, this setup will go weak. Decide your entry and exit levels and position size in accordance with your risk management. All this illustration is only my view, just for learning and sharing purposes, not trading advice in any form. All the best.
NSE:NAVINFLUORLong
by anandlive
2