Trading Signal Analysis for TITAGARH RAIL SYSTEMS LTD (NSE)Signal: BUY 📈
Confidence: 90%
Take Profit Target: 1,600 INR 🟢
Stop Loss Target: 1,300 INR 🔴
Analysis:
Strong Uptrend 📈
The stock is in a clear and strong uptrend, making higher highs and higher lows consistently.
Volume Increase 📊
There is a significant increase in volume accompanying the recent price rise, indicating strong buying interest.
Support from Moving Averages 📉📈
The price is well above the key moving averages (both short-term and long-term), providing strong support.
Bullish Candlestick Pattern 🕯️
The recent candlesticks show a bullish pattern, confirming the upward momentum.
Breakout Above Resistance 🚀
The stock has broken above a key resistance level at around 1,316 INR, indicating potential for further gains.
Price targets based on Fibonacci extension levels suggest the next target around 1,600 INR.
Market Sentiment 🟢
Overall positive sentiment in the market for this sector, supporting the bullish outlook.
Disclaimer: This is not trading advice. Always perform your own research before making any trading decisions.
Tradingsignals
Breakout with huge Volume || This auto stock is ready to fly Hello everyone, i hope you all will be doing good in your trading and your life as well. I have brought an auto ancillary stock which has given a breakout with huge volume addition on chart, this type of structure usually supports breakout. MACD and RSI also giving bullish crossover, price is above 200-DEMA. All this indicating bullish moment in this stock.
Market Position:-
Company is India’s largest manufacturer and exporter of auto components and amongst the leading manufacturers of industrial components. It also manufactures critical components for wind, hydro and nuclear applications; provides critical components for defense and aerospace.
Market Cap
₹ 66,996 Cr.
Current Price
₹ 1,439
High / Low
₹ 1,474 / 753
Stock P/E
73.0
Book Value
₹ 154
Dividend Yield
0.50 %
ROCE
13.3 %
ROE
13.2 %
Face Value
₹ 2.00
Industry PE
30.2
Debt
₹ 7,948 Cr.
EPS
₹ 20.4
Promoter holding
45.2 %
Intrinsic Value
₹ 329
Pledged percentage
0.00 %
EVEBITDA
26.2
Change in Prom Hold
0.00 %
Profit Var 5Yrs
-2.05 %
Sales growth 5Years
9.10 %
Return over 5years
25.9 %
Debt to equity
1.11
Net profit
₹ 910 Cr.
ROE 5Yr
9.59 %
Profit growth
101 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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ELGI EQUIPMENT Swing Long Trade Setup- Elgi is building up the strongest base that I haven't seen in any other NIFTY 500 stock so far watch out for this
- No HL OR LL so far trend looks intact
- Another Liquidity grab can be possible so watch out for that
- Accumulation ZONE - 625-640
- Risk - 3-4%
- Portfolio Allocation - 10-20%
Manage risk properly first reward comes second
Short Term Swing Trading Idea in Jubilant Ingrevia for 20% UpsidHi,
NSE:JUBLINGREA has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily, Weekly and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Link/Chainlink USDT Trade Idea - Link followed my second path where it trapped a lot of late buyers evaporated BSL and came back to the point of origin and shooter up again
- If you are interested in buying Link then I would highly recommend you guys to wait because the RR as per the current price doesn't look good
- 12-14$ can act as a very good range or accumulation zone if you want to buy Link.
Bank Nifty Pefect Levels For 17/05/2024 Check My Previous Level**Analyzing Bank Nifty Index Levels for May 17, 2024**
*Building on the previously identified levels and market dynamics, let's explore the potential support and resistance zones for Bank Nifty on May 17, 2024, to guide traders in their decision-making process.*
### Support Levels:
1. **Primary Support Level:** 47814
2. **Secondary Support Level:** 47620
3. **Downside Support Level:** 47400
### Resistance Levels:
1. **Primary Resistance Level:** 48150
---
**Key Insights:**
- **Support Dynamics:** Bank Nifty is anticipated to find support initially at 47814, followed by 47620. However, a breach below 47620 could lead to further downside movement, testing the 47400 level.
- **Resistance Considerations:** The primary resistance level stands at 48150. If the market breaks above this level, it may indicate a shift towards bullish momentum, potentially leading to an upside movement in Bank Nifty.
---
**Trading Strategy:**
- **Long Positions:** Consider initiating long positions cautiously if Bank Nifty holds above the identified support levels, with confirmation of bullish momentum. A breach above the resistance level of 48150 could provide opportunities for long trades.
- **Short Positions:** Traders looking to enter short positions may observe the market's behavior around the resistance level. If Bank Nifty fails to break above 48150, shorting opportunities may arise, with targets set around the support levels mentioned.
---
**Conclusion:**
As traders prepare for May 17, 2024, understanding the key support and resistance levels is crucial for devising effective trading strategies in Bank Nifty. Monitoring price action around these levels and staying adaptable to market dynamics will be essential for navigating potential fluctuations and achieving favorable trading outcomes.
*Disclaimer: The above analysis is for informational purposes only and should not be considered as financial advice. Traders should conduct their own research and consult with a financial advisor before making any investment decisions.*
BOME MEME COIN CRYPTO SWING LONG - Bome is a new crypto theme and these meme coins work in a theme only theme new names new hype new money infusion
- From meme coins, your only goal should be to maximize as much as possible and not get in love with it or keep it in your portfolio forever
- Have a small allocation of 5-10% on your overall portfolio and forget it
- Bome is looking good for a swing long you can watch this base out and think about adding this as a positional or swing long
- Keep your risk as low as possible and do not breach your risk on the trade
Bitcoin Dominance Altcoins Update - Bitcoin Dominance is currently looking bullish on a daily timeframe
- Bitcoin Dominance bearish is a green signal for Altcoins holders
- Once you see Bitcoin Dominance getting rejected from the 56-57% level altcoins will recover the partial dump they all made recently
- Altcoins bags exposure will be right once you see dominance trading at supply
- Buying altcoins when Bitcoin dominance is trading at demand is always a bad choice
Aptos Swing Long Positional Trade - Aptos is currently trading at its weekly demand zone
- Aptos is fundamentally strong with a good development team and the only thing that is a little concerning is its total supply and its unlock
- From a technical perspective I find Aptos trading at an extreme zone
- Watch out aptos at this zone you can add positional swings
- I see an easy 100% from here in a quarter
Reliance Update : entryAs the price not come to our buy limit ,we are not entered in the trade ...
But now the price is at coreect support level of trend line ,we can enter at this level and expect good risk to reward ratio....
Follow for more ...
DISCLAIMER: WE DON'T SUGGEST TO BUY OR SELL ,DO TRADE ON YOUR OWN RISK...
Stocks To WatchWe have attached the chart here for highly potential upward rally stock People and smart money showing their interest in the stock and as a result we have noticed high delivery of QTY In recent days but still do not buy until it break the trendline resistance as well as immediate horizontal resistance.
Disclaimer - Education Purposes only, Make your own Research before Any actions you take.
Tata Steel capped upsideAs the Momentum indicator suggest that momentum is capped now. And it has a book value of 82/- which is like 50% less than the current price. Usually steel shares trade near book value. The fundamentals are opposite to the movement of stock currently. Wait for the q4 results for any decision
Bitcoin Technical Analysis Bitcoin appears to be bullish on a 4-hour timeframe.
However, it is still possible that there may be one or two liquidity grabs that could shake out more weak hands.
In general, I would like to see how the market reacts to the price at 69000$ before making any further decisions.
If you are interested in accumulating Bitcoin, I would suggest a 30% spot accumulation in this zone.
The remaining 70% can be kept when Bitcoin trades around 45,000-50,000$.
Bitcoin Technical Analysis & Levels - Bitcoin has recently been very sideways and volatile
- I wouldn't call it bearish since the price has been consolidating in a range and the movements are quite range bounded
- The only concern for Bitcoin, IMO is that it can get dangerous if it closes a weekly candle below 58,000$ and post that we will see more downside in Bitcoin watch that out.
- Bitcoin needs to hold the second the Spot accumulation zone or else things will get really dark
- Warning you all the worst so that you allocate yours funds accordingly and stay prepared. Everybody stays prepared for the best but nobody stays prepared for the worst because we are in generation where everybody is too outcome oriented and nobody cares about the risk on the table
#btc #bitcoin