Techincalanalysis
Mahindra & Mahindra - Long Setup, Move is ON...#M_M trading above Resistance of 1453
Next Resistance is at 2202
Support is at 905
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Amrutanjan Health Care Ltd | Momentum stockAmrutanjan Health Care Ltd
AHCL has been manufacturing ayurvedic balm for pain management since 1893, and is currently managed by the third-generation of promoters. The company is more than 120 years old and is into OTC products in the segments of pain management, women's hygiene, and packaged fruit juice drink.
Fundamentals: strong
Market Cap₹ 2,238 Cr. Current Price₹ 774 Stock P/E 50.8
ROCE 19.3 % ROE 14.3 % Debt to equity 0.00
Promoter holding 50.6 % Industry PE 29.3
Quick ratio 2.86 Current ratio 3.22 Piotroski score 5.00
Profit Var 3Yrs 16.6 % Sales growth 3Years 13.2 % Return on assets 11.2 %
This stock is fundamentally strong stock as well as its in momentum with high volume.
keep eye on it and do more research on it.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
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BATAINDIA Breakout of Darvas boxNSE:BATAINDIA 1W TIME FRAME
1. Trading at a support line at ₹1358.00. The stock is experiencing accumulating buying interest and is expected to bounce back up. The stock price is currently resting on this support level.
2. Darvas Box: A rectangle on the chart created by drawing horizontal lines at the highs and lows of a trading range. The idea is that the stock price will eventually break out of the box in either direction.
3. In May 2021, the stock initiated an upward move from 1350 to 2000, then retraced back to support. Starting from where the last journey began in March 2023, the stock once again saw an upward trajectory. It later retraced back to support. Now, mirroring previous patterns, it's establishing a base. In April 2024, sellers attempted to push the price down, but they were unsuccessful. This failure indicates high accumulation or buying interest, suggesting a potential upswing. If the stock consolidates near resistance and forms a base, we may anticipate further upward movement.
It is important to conduct your own research before investing in any stock.
Few Examples of Darvas Box For better understanding
Darvas Box Bigger the bigger the potential of upswing
Ex 1 .
Ex 2 .
Ex 3 .
These are examples for better understanding about the Darwas box.
VEDANTA : TARGET - Rs 420 - Rs 430 UPWARD MOVEMENTVedanta shares are trading high; despite a retracement, the stock has successfully passed the resistance level of 390s with significant volume and is expected to reach a new high of Rs 420 - 430. Furthermore, many brokerages have issued a perform signal for this stock.
Gold sellers need validation from $2,298 and US GDPGold price portrays a four-day losing streak as market players brace for the first readings of the US first quarter (Q1) 2024 Gross Domestic Product (GDP). In doing so, the XAUUSD justifies the previous day’s downside break of a $2,324 support confluence, now resistance, comprising the 21-SMA and a two-month-old upward-sloping trend line. It’s worth noting that the RSI (14) line’s retreat from the overbought territory joins the bearish MACD signals to add strength to the downside bias. However, a clear downside break of the previous resistance line stretched from early March, around $2,298 by the press time, becomes necessary for the bullion sellers to tighten the grip. Additionally, a strong print of the US Q1 GDP could also convince the precious metal bears to take action. Following that, the 38.2% and 50% Fibonacci retracement of the quote’s February-April upside, respectively near $2,262 and $2,208, will be in the spotlight ahead of the 50-SMA support of $2,198.
Alternatively, downbeat prints of the US Q1 GDP could trigger the Gold Price recovery that will aim for the $2,324 support-turned-resistance confluence. In a case where the XAUUSD remains firmer past $2,324, the $2,350 and the $2,400 psychological magnets will lure the buyers. However, a fortnight-old descending resistance line surrounding $2,405 will precede the recent swing highs of near $2,418 and $2,432 to challenge the precious metal’s further advances. It’s worth noting that the commodity’s successful trading beyond $2,432 won’t hesitate to flash the $2,400 threshold.
Overall, Gold price remains pressured ahead of the key data but the quote’s further downside needs validation.
Team Lease Services Ltd | Momentum Swing IdeaTeam Lease Services provides employment related services. It provides solutions for staffing, recruitment, training, payroll processing and regulatory compliance.
Market Cap ₹ 5,371 Cr. Current Price ₹ 3,195S tock P/E 50.4
ROCE 13.9 % ROE 14.4 % Debt to equity 0.14
Promoter holding 31.6 % Quick ratio 1.36 Current ratio 1.36
Piotroski score 5.00 Profit Var 3Yrs 45.9 % Sales growth 3Years 14.8 %
Pledged percentage 1.59 % Return on assets 6.54 %
This is momentum stock with unique business and future growth perspective great stock.
RSI also in positive trend ,if it sustained stock makes new high. This stock is make rounding bottom on top . so keep this stock in your watch list.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and feel free to comment.
NIFTY IT Sector Analysis (1W TF) - 16th December 2023#NiftyIT Sector Analysis (1W TF)
Pattern: TRENDLINE BREAKOUT
- Breakout of Resistance - Done ✓
- Major Resistance Breakout - Done ✓
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #india #indiagdp #StockMarketindia
D P Wires Ltd| Momentum Swing IdeaD P Wires Ltd is engaged in the manufacturing of Steel Wires, Plastic Products, Laying of Plastic Films, Acting as a Commission Agent and Generation of Power through Wind Mill
Financial:
Market Cap ₹ 830 Current Price ₹ 535S tock P/E 20.0
ROCE 32.0 % ROE 23.9 % Debt to equity 0.15
Promoter holding 74.8 % Quick ratio 2.42 Current ratio 2.82
Profit Var 3Yrs 35.2 % Sales growth 3Years 62.4 %
Piotroski score 7.00 Return on assets 18.3 %
This stock is in momentum as well as strong fundamental. keep in your watchlist.as well as unique business. This stock is based on Indian growth theme.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
GBPUSD rebound remains unconvincing below 1.2700Wednesday’s broadband US Dollar weakness allowed GBPUSD bulls to extend the week-start rebound from an upward-sloping support line stretched from December 2023. The Cable pair’s recovery also gained support from the upbeat RSI (14) line and bullish MACD signals. However, the 100 and 200-bar Exponential Moving Averages (EMAs), respectively around 1.2650 and 1.2665, guard the immediate upside of the pair. Following that, a one-month-old descending resistance line surrounding 1.2700 will be the last defense of the sellers. In a case where the quote remains firmer past 1.2700, the odds of witnessing a run-up toward the late March swing high of 1.2800 and then to the yearly peak of 1.2893 can’t be ruled out.
Meanwhile, a slew of technical levels stands ready to challenge the GBPUSD bears beyond the 1.2600 threshold. Even if the Pound Sterling drops beneath the 1.2600 support, the aforementioned multi-day-old support line, near 1.2540 as we write, will restrict the quote’s further downside. It’s worth noting that the 2024 low and December 2023 trough could act as the last hurdles for the sellers around 1.2520 and 1.2500 in that order, a break of which could make the prices vulnerable to slump toward the 1.2400 mark.
Overall, the GBPUSD pair is likely to witness further upside but the reversal of a month-long bearish trend needs validation from the 1.2700 breakout, as well as the downbeat US data.
Sensex Monthly expire AnalysisFor the Sensex monthly expiry on 28th March 2024, I anticipate a bullish trend driven by positive economic indicators and corporate earnings. Continued government stimulus measures and favorable global market conditions are likely to support investor sentiment. Key sectors such as technology, healthcare, and renewable energy could outperform, while stable inflation and interest rates may further bolster market confidence. However, cautiousness regarding geopolitical tensions and potential regulatory changes remains prudent. Overall, I expect the Sensex to exhibit resilience and potentially reach new highs during this expiry period, reflecting the underlying strength of the Indian economy.
WIPRO - SWING TRADE - 23rd December #stocksWIPRO (1W TF)
Swing Trade Analysis given on 23rd December, 2023 (Saturday)
Pattern: RECTANGLE BOX BREAKOUT
- Breakout of Resistance - Done ✓
- Volume Spike near Breakout - Done ✓
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #wipro
Momentum swing idea|Vidhi Specialty Food Ingredients LtdVidhi Specialty Food Ingredients Ltd
Vidhi Specialty Food Ingredients Limited, incorporated in 1994, is a leading manufacturer of Superior Synthetic and Natural Food Grade Colours. The company is Asia’s 2nd largest food colour manufacture
Fundamental :Strong
Market Cap ₹ 2,367 Cr. Current Price ₹ 474 Stock P/E 67.9
ROCE 17.6 % ROE 16.2 % Debt to equity 0.15
Promoter holding 64.3 % Quick ratio 2.08 Current ratio 3.00
Piotroski score 6.00
Profit Var 3Yrs 3.57 % Sales growth 3Years 21.6 %
Return on assets 11.1 %
This stock is already in momentum zone also look at reversal up move momentum.
if its continue we have to keep watch it closely.
although food colour business is in trend since long time.
keep in radar.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
Momentum swing idea| Rallis India LtdRallis India Ltd
Rallis India, a Tata Group company Group Co., has a history of over 150 years. The company is into manufacturing of Agrochemicals and is present across the value chain of agriculture inputs - from seeds to organic plant growth nutrients. Rallis is also in the business of contract manufacturing for global corporations.
Market Cap ₹ 5,597 Cr. Current Price ₹ 288 Stock P/E 56.4
ROCE 7.77 % ROE 5.37 %
Debt to equity 0.07 Promoter holding 55.1 %
Quick ratio 0.96 Current ratio 1.69 Piotroski score 6.00
Profit Var 3Yrs -19.6 % Sales growth 3Years 9.63 %
Return on assets 3.25 %
This stock is in momentum right now. also good fundamental.
keep in radar .
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
PNB - SWING TRADE - 30th November #stocksPNB (1D TF)
Swing Trade Analysis given on 30th November, 2023 (Friday)
Pattern: ASCENDING TRIANGLE
- Neckline Breakout - Done ✓
- Retracement + Consolidation- Done ✓
- Pullback Candle - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #pnb