DBL - Swing trade🌟A huge breakout after a long consolidation around 500 levels
🌟Volume pop during breakout
🌟After a rally till 575/580 levels, stock again consolidates and then gives a trendline breakout
🌟Volume pop during TL breakout
🌟Retest with low volumes
🌟Volume pop during reversal
Looks good to go long!
Swingtrading
TREND REVERSAL IN DYNEMIC PRODUCTS LTD"Dynemic Products Ltd." is about to change it's overall structure on monthly basis (bullish). In near time, we can see it touching it's ATH and also, making a new lifetime high. This is going to be a mid-to-long term swing trade.
Wait for a strong breakout on weekly basis for entry and volume should be a vital parameter to look for during breakout. The low of the breakout candle should be the stop loss. Target 1 (494) is calculated according to price action (previous swing high), and Target 2 is calculated using the XABCD Pattern of Harmonics. So, please do keep this stock in your watchlist.
Zaggle Prepaid Ocean Services LtdZaggle builds world-class financial solutions and products to manage the business expenses of corporates, SMEs, & Startups through automated and innovative workflows
Zaggle builds financial solutions and products to manage the business expenses of corporates, SMEs, & Startups through automated and innovative workflows.
Headquartered at Hyderabad , it is at an intersection of of SaaS (Software as a service) and Fintech. With 273+ employees, the company has 50 Mn+ co-branded prepaid cards.
Products
Zaggle Zoyer: accounts management services
Zaggle Save: Help employees save tax with Save’s flexible employee benefit plans
Zaggle Propel: all-in-one solution for employee rewards, and channel partner incentives.
Offers a combination of payment instruments, mobile application and API integrations through VISA cards, mobile app, partners and dashboard.
New Launch Q1FY24
In Q1FY24, Zaggle introduced corporate credit cards and vendor management platform – Zoyer. Also, their customer base expanded and cross-selling initiatives were taken up.
New Contracts
In Q1FY24, company entered into contract with BOB Financial Solutions Limited for implementing commercial card Onboarding & value-added services platform and launch of the Zaggle Yes Bank Corporate Credit Card, powered by Zaggle Zatix – a spend analytics platform that allows corporates to streamline
business and employee expenses, budget better and negotiate favorable supplier terms.
Corporate collaborations
The company has an esteemed list of corporates like Tata capital, Inox, NSDL, DBMS, Wockhardt, Yes Bank, Greenply etc.
Agreement with VISA
In Oct,23, company has entered into a growth agreement with VISA. This alliance is in support of the issuance of Forex CoBrand Cards. Visa will pay the launch bonus for supporting the launch of Forex Cobrand Cards. and will also pay incentives on Forex transactions basis spend commitments. Zaggle can leverage existing Corporate base
to sell forex cards to employees of the Corporate client, and it can be tightly coupled with Zaggle expense management solution.
The deal size is ~$20 Mn for next 5 years.
LTIMINDTREE | Channel Pattern Breakout | Swing TradeLTIMINDTREE | Channel Pattern Breakout | Swing Trade
Chart Analysis:
A consolidating channel pattern have been formed after year long time. Breakout of consolidated channel has happened with strong bullish candles, indicating that stock will continue its bull run,
Also Bullish momentum followed by consolidation and again bullish candles indicates stock will go strong futher
LTIMINDTREE LTDLTIMINDTREE LTD
Pattern :- symmetrical triangle pattern.
A breakout from the triangle has occurred, suggesting a potential strong bullish movement.
Target :
The chart includes two projected target levels (1st TRG and 2nd TRG), indicating potential price targets post-breakout.
1)1st Target: Around INR 7,588.80
2)2nd Target: Higher, possibly indicating a significant upward move beyond the 1st target.
Entry Point:
Since the breakout has already occurred, an entry near the current level (around INR 6,127.55) could be considered. However, waiting for a minor pullback to the breakout level (around INR 5,900 to INR 6,000) might offer a better risk-reward ratio.
A conservative Stop-loss can be placed just below the lower boundary of the triangle, around INR 5,450. This would minimize potential losses if the breakout proves to be a false move.
Market Conditions and News:
Check for any news related to LTIMINDTREE LTD, such as earnings reports, management changes, or sector-specific developments. Such news can significantly impact the price and should be factored into the trading decision.
Broader market trends, such as the performance of the IT sector and the overall market sentiment, should also be considered.
The breakout from the triangle pattern and the increasing volume are positive signs. If the broader market remains supportive and no negative news impacts LTIMINDTREE, the stock could reach its projected targets.
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Mangalore chemical:(Ready to shoot up); Take a look; Min 50% RoiHuge potential is there.
For short term investment ;
Leave a " Like If you agree ". 👍
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Wait for Breakout & then Daily candle to close above - "135"
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If you want to enter now "Go for it with stoploss".
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Enter after Price Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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Follow for regular updates.👍
DEEDEV DAY CHART BASE FORMATIONNSE:DEEDEV
Company profile
🔹Dee Development Engineers Ltd. provides prefabricated piping solutions. It operates through piping, power and heavy fabrication segments. The Piping segment engages in the manufacturing of pre-fabricated engineering products, pipe fittings, and piping systems. The Power segment offers biomass-based power generation. The Heavy fabrication segment involves in the manufacturing of wind mill towers.
🔹Listed in July last year then it marked a high in a few days and after that, it went into a strong consolidation showing a Cool off IPO price rise and now it has formed a good base with a view to breakout.
🔹The IPO buyers must have been bore with the move and they are slowly exiting but some smart money is accumulating for another continuation of the up move.
🔹The volume is slowly decreasing on each fall showing sellers exhausting.
The Fundamentals:-
➖The company is making year-on-year growth in revenue and Profits.
➖Recently it has received big orders.
Entry and Other levels are marked on the chart.
Always use stop-loss to avoid unnecessary drawdowns.
Keep Learning,
Happy Trading.
LIC Housing Finance-Bullish Swing NSE:LICHSGFIN
27.08.2024
Buy-Above 485 after crossing 21 EMA
Target- 775
Stop Loss-624
Risk Reward- 1:1.5
With very good uptrend from past one year, price has reached all time high
but couldn't able to break. Now again it is trying to climb the same level to break and
create new ATH.
1.Bullish engulfing against last 3 candles
2. Price rejection continuously from the parallel support level. Reject rejection is with 200 EMA
3. Continuous 3 green candles formation in weekly TF.
4.Volumes decreased in red candles during breakdown and now increased volumes found in green.
5. Rejection from 0.5 Fibonacci level again at same support level.
6. Stock bounced from over sold level and now into bullish RSI zone after crossing 40 RSI
BMW looking good; short term / long term; min 110% RoiAdd this to watchlist and wait for entry.👁️🗨️
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "82".
Trade carefully untill ENTRY level.
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Entry: 82 / 65
target: 119 - 134- 150- 195
sl: 74 (82) / 55 (65)
major stoploss/ support: 55
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
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Refer old posted idea attached below.
Monarch-It might increase your networth ;)Monarch has been in good bull run like other broking stocks.
It has been consolidating since few months and has finally given breakout of descending triangle pattern with good volumes.
Company has been posting amazing results recently which shows good growth.
Keep stock in watchlist. Not a recommendation.
WESTLIFE - Breakout after 1 year (McDonald's India)WESTLIFE - Breakout is seen after 1 year in the daily timeframe. The stocks has been in a good uptrend and shows good signs of growth both technically and fundamentally.
Do you like McDonald's? Well - This company manages all the McDonald's stores in West and South India.
These are my personal views, please do your OWN research before making a buy/sell decision.