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Thetradetribe

HAPPY FORGING LTD trend reversal after consolidationTechnical Overview HAPPYFORGE currently trades around ₹965, down 20.92% YoY with 52-week range of ₹724-₹1,300. The stock has formed a strong base near ₹724 support after declining from all-time highs. Recent consolidation suggests potential reversal from oversold levels. it listed on exchanges in December 2024 with issue price of ₹850 , subscription of Institutions was around 214 times which shows high interest of institutions in this stock and it is currently trading only 14% high from issue price which shows good potential upside with low downside risk. Key Levels: Support: ₹900, ₹850, ₹724 Resistance: ₹1,000, ₹1,050, ₹1,100 Analyst price target stands at ₹1,012 with range of ₹817-₹1,216, indicating moderate upside potential. Fundamental Strengths Strong financial performance with net sales of ₹1,409 crore and PAT of ₹267 crore in FY25. Q1 FY25 revenue at ₹352 crore with ₹68 crore net profit shows consistent growth trajectory. High promoter holding of 78.5% indicates strong confidence.
NSE:HAPPYFORGELong
by The_Trade_Tribe
Petronet LNG is forming Strong structure on weekly timeframe.🚨 Stock Alert – Potential Opportunity Brewing! 🚨 The stock has recently given a multi-year breakout, signaling a major trend reversal with strong bullish intent. 📈 🔹 On the weekly chart, the structure looks robust — the stock is seating comfortably above all key moving averages (20, 50, 100, 200 DMA), which indicates solid strength and sustained momentum. Currently, it’s in a healthy consolidation phase near the breakout zone — a typical pause that often leads to further upside. 🌀 📉 Keep a close eye on the trendline resistance — a breakout above that level could offer a high-probability entry for swing or long-term investors. 🔍 The fundamentals are strong: stable earnings, growth visibility, and clean balance sheet. 💰 Despite the breakout, the stock still appears undervalued, making it an attractive proposition for accumulation. ⏳ Be patient and wait for confirmation. This setup has the potential to become a multi-bagger in the making.
NSE:PETRONETLong
by The_Trade_Tribe