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SBI CARD - Support levels will save bulls & Time for Reversal ?SYMBOL - SBICARD SBI Card & Payment Services has been in downtrend since a long time. It is now trading at major supports levels once again. A long position can be made at current levels for trading/investment purpose around 700-710 as risk : reward is very good at CMP. SL can be 680. Targets for trading purpose can be - 745 & 765. For Investment, Targets can be - 770 - 840 & 920. For investment purpose, I will not be surprised if it gets 2x or more from here in next 2 years. Disclaimer - I have made long position in futures & I'm sharing my position & my analysis. This is not a buy/sell recommendation.
NSE:SBICARDLong
by akshit_official
15
Gold remains vulnerable to further downside, $2,306 eyedGold slides beneath a four-week-old rising support line while extending the previous day’s fall amid a firmer US Dollar early Thursday. That said, the bullion marked the biggest daily loss in a week and snapped a three-day winning streak on Wednesday. It should be noted that the quote’s latest support break joins the bearish MACD signals and steady RSI to keep sellers hopeful. As a result, a convergence of an eight-week-old rising support line and the 50-day Exponential Moving Average (EMA), close to $2,306, gains the market’s attention. If at all the precious metal remains weak past $2,306, the monthly bottom of $2,277 and the early April swing low surrounding $2,265 will act as the last defense of the buyers. On the contrary, the XAUUSD’s corrective bounce needs to provide a daily closing beyond the support-turned-resistance line, near $2,340 by the press time, to convince the buyers. Even so, a slew of resistances around $2,360 and $2,390 will challenge the Gold price upside before highlighting a seven-week-old horizontal resistance area surrounding $2,433. Following that, the recent high of near $2,450 and the $2,500 threshold should lure the bulls. To sum up, the Gold price signals further downside but a clear break of $2,306 becomes necessary to defeat the bulls at least for the short term.
OANDA:XAUUSD
by MTradingGlobal
Atam is testing ResistanceHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Forming Symmetrical triangle Pattern in daily TF. * From May 2023 to May 2024 Tested Trendline Many times. * It's Near resistance Zone and trying to breakout. * If Stock break's resistance zone then we can see a move to 241 and if sustain above 241 then we can see a good move, let's see breakout sustain or not. What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Don't know how we miss this amazing stock and forget to share this with you all family.
NSE:ATAM
by ChartSight
Gold braces for biggest weekly loss of 2024, focus on $2,270Gold licks its wounds at the lowest level in a fortnight after falling in the last three consecutive days. With this, the precious metal becomes vulnerable to post the biggest weekly fall since late September 2023. The downside bias takes clues from a clear break of a nine-week-old support line, now immediate resistance near $2,340, as well as the bearish MACD signals and steady RSI. With this, the spot Gold price (XAUUSD) is likely to drop toward the 50-SMA support of $2,309. However, an ascending trend line from early April, close to $2,294 at the latest, will challenge the bullion bears afterward. It’s worth noting that a 3.5-month-old rising support line near $2,270 acts as the final defense of the buyers, a break of which will not hesitate to welcome the bears targeting the $2,200 threshold. On the contrary, the Gold buyers need validation from the $2,340 support-turned-resistance to retake control. Even so, the 10-SMA hurdle of $2,375 and the $2,400 psychological magent will challenge the XAUUSD bulls afterward. In a case where the precious metal remains firmer past $2,400, the $2,430 and the $2,450 should allow the bulls to take a breather before pushing them toward the $2,500 round figure. Overall, the Gold price is likely to witness a short-term downside but remains in the bullish trend unless declining below $2,270.
OANDA:XAUUSD
by MTradingGlobal
SUDARSCHEM | Swing Trade📊 DETAILS Sector: Dyes & Pigments Mkt Cap: 3,914 cr Sudarshan Chemical Industries manufactures and sells a wide range of Organic and Inorganic Pigments, Effect Pigments. The Group also manufactures Pollution Control Equipment, Size Reduction Equipment and Grinding Equipments for industrial applications.(Source : 202003 Annual Report Page No:203) TTM PE : 11.79 (Low PE) Sector PE : 39.65 Beta : 0.52 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 4.57% away from 52 week high Outperformer - Sudarshan Chemical Industries up by 8.58% v/s NIFTY 50 up by 1.93% in last 1 month 📈 FINANCIALS Piotroski Score of 6/9 indicates Average Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:SUDARSCHEMLong
by Munish_Jain
1
LINDEINDIA | Swing Trade📊 DETAILS Sector: Diversified Mkt Cap: 61,619 cr Linde India Limited, a subsidiary of BOC Group,UK (owns 75% stake in the co), is primarily engaged in manufacture of industrial and medical gases and construction of cryogenic and non cryogenic air separation plants. TTM PE : 143.99 (High PE) Sector PE : 92.26 Beta : 0.79 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 8.04% away from 52 week high Outperformer - Linde India up by 30.76% v/s NIFTY 50 up by 0.25% in last 1 month 📈 FINANCIALS Piotroski Score of 9/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:LINDEINDIALong
by Munish_Jain
2
SOLARINDS | Swing Trade📊 DETAILS Sector: Commodity Chemicals Mkt Cap: 71,511 cr Solar Industries is one of the worlds leading manufactures bulk explosives, packaged explosives and initiating systems, which find applications in the mining, infrastructure and construction industries. SIL also ventured into the defense segment in 2010 and diversified into manufacturing of propellants for missiles and rockets, warheads and warhead explosives. TTM PE : 88.64 (High PE) Sector PE : 104.91 Beta : 0.33 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 5.22% away from 52 week high Outperformer - Solar Industries India up by 12.74% v/s NIFTY 50 up by 2.72% in last 1 month 📈 FINANCIALS Piotroski Score of 8/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:SOLARINDSLong
by Munish_Jain
1
COALINDIA | Swing Trade📊 DETAILS Sector: Coal Mkt Cap: 292,483 cr Coal India Ltd is mainly engaged in mining and production of Coal and also operates Coal washeries. The major consumers of the company are power and steel sectors. Consumers from other sectors include cement, fertilizers, brick kilns etc. TTM PE : 8.99 (High PE) Sector PE : 18.79 Beta : 1.25 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 2.67% away from 52 week high Outperformer - Coal India up by 6.53% v/s NIFTY 50 down by -0.17% in last 1 month 📈 FINANCIALS Piotroski Score of 8/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:COALINDIALong
by Munish_Jain
NZDUSD jumps on RBNZ’s hawkish halt, 0.6140-45 hurdle tests bullNZDUSD prints the biggest daily jump in more than a week, as well as snaps a two-day losing streak, on the Reserve Bank of New Zealand’s (RBNZ) hawkish halt. That said, the RBNZ held the benchmark rates unchanged, as expected, but upwardly revised the forward rate guidance. The same pushed back the rate cut and signaled expectations of a rate hike during the year. As a result, the Kiwi pair rallied to the 2.5-month high after the RBNZ announcements before retreating from 0.6152, up more than half a percent intraday by the press time. In addition to the hawkish RBNZ concerns, the NZDUSD pair’s successful trading beyond the previous resistance line stretched from late December 2023, bullish MACD signals and the upbeat RSI (14) line also keeps the buyers hopeful. However, a daily closing beyond a downward-sloping resistance line from January, near 0.6140 by the press time, becomes necessary for trading conviction. Adjacent to the 0.6140 hurdle is the previous weekly high and 38.2% Fibonacci retracement of the quote’s late 2023 upside, near 0.6145. Hence, the bulls need validation from 0.6140-45 to keep the reins. Following that, the double tops marked in February and March around 0.6220 and 23.6% Fibonacci ratio near 0.6230, followed by the 0.6280-85 resistance region, will become the upside targets. On the contrary, a convergence of the 200-bar Exponential Moving Average (EMA) and a three-week-old rising trend line, around 0.6075-70 at the latest, restricts the NZDUSD pair’s short-term downside ahead of the previously stated resistance-turned-support line near 0.6060. In a case where the Kiwi pair remains bearish past 0.6060, the 61.8% Fibonacci retracement level near the 0.6000 threshold, will act as the final defense of the bears before directing the prices toward the yearly low of near 0.5850. Overall, the Kiwi pair is likely to remain firmer unless declining back beneath the 0.6060 level. However, fresh buying should wait for a clear upside break of 0.6145.
by MTradingGlobal
🚀 IRB Breakout Alert: Ready to Surge Above INR 72!Hello TradingView Community, Get ready for an exciting breakout opportunity in IRB Infrastructure Developers Ltd! With the current stock price at INR 68, IRB is on the brink of a significant breakout above INR 72. Here’s why you should keep this stock on your radar: 🔍 Technical Analysis: Current Price: INR 68 Breakout Level: INR 72 Volume: Increasing steadily, indicating growing interest and accumulation. Key Indicators: RSI (Relative Strength Index): Approaching bullish territory, suggesting momentum buildup. MACD (Moving Average Convergence Divergence): Positive crossover, signaling potential for upward movement. Support Levels: Strong support around INR 65, providing a safety net for the current price action. IRB Breakout Chart 📈 Fundamental Analysis: IRB Infrastructure Developers Ltd, a key player in the infrastructure sector, shows promising growth indicators: Revenue Growth: Consistent quarterly revenue growth, driven by robust project execution and new order wins. Profit Margins: Improved operational efficiency resulting in better profit margins. Sector Outlook: The infrastructure sector is poised for growth with increased government spending on road and highway projects. 💡 Why This Matters: Breakout Potential: A breakout above INR 72 could trigger a strong rally, providing lucrative opportunities for traders and investors. Bullish Sentiment: Technical indicators and increasing volume suggest strong bullish sentiment and potential for substantial gains. 🚀 Conclusion: IRB is on the verge of a major breakout. With the current price at INR 68 and a breakout level at INR 72, this stock offers a compelling opportunity. Keep an eye on this one! 📢 Call to Action: Watchlist: Add IRB to your watchlist to catch the breakout. Discussion: Share your thoughts and analysis in the comments below. Let’s explore this opportunity together! Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Trading stocks involves risks, and you should conduct your own research before making any investment decisions.
NSE:IRBLong
by prashantgupta7887