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Trend Analysis

Bitcoin Bybit chart analysis November 29Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. This is the Bitcoin 30-minute chart. Nasdaq has no indicators and closes early at 3 a.m. If you look at the bottom left, the purple finger is $95,021.5. I connected the long position strategy I entered yesterday. I almost died trying to leave the movement path including the weekend and the main drawing on one page. Please look for Miracle above Great. Bitcoin is in an upward trend, but I was thinking about whether to chase it today, and decided to proceed safely. *Red finger movement path One-way long position strategy 1. $96457 long position entry section / stop loss price when green support line is broken or stop loss price when section 1 is touched (There is a possibility of sideways movement including weekends, and the price range is large up to section 1. Until section 1, it is a safe section for long positions due to strong increase, but as an analyst, I held it tighter because my pride could be hurt. I bet on a vertical increase unconditionally.) 2. Top section 1st target -> $99415 Gap section 2nd target Here, since I have to express the weekend movement path, I intentionally displayed the final target price up to the Gap. The reason is probably because of the long position re-entry at the end, right? From the Good section breakthrough, you can see that the altcoin bullish train has left There is a Miracle section hidden above the Great So if it breaks through, please refer to it. Since the 2nd section is a 1+4 section Even if it moves sideways, if you keep this weekend trend Bitcoin and all altcoins are safe, so please refer to it. Those who are going to buy altcoins today I hope you have a good shopping experience with stocks that have good trading volume and names that do not pump I burned it white today I organized it in a haphazard manner because I had an evening appointment I hope it was helpful. Up to this point Please just refer to and use my analysis I hope you operate safely with principle trading and loss cut prices. Thank you for your hard work this week.
BYBIT:BTCUSD.PLong
by BitCoinGuide
Banknifty Intraday Analysis for 29th November 2024NSE:BANKNIFTY Index closed near 51905 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 53000 Strike – 12.31 Lakh 52500 Strike – 9.94 Lakh 52000 Strike – 6.88 Lakh Put Writing 52000 Strike – 9.66 Lakh 51000 Strike – 7.94 Lakh 51500 Strike – 5.84 Lakh Index has resistance near 52650 – 52750 range and if index crosses and sustains above this level then may reach near 53200 – 53300 range. Index has immediate support near 51600 - 51500 range and if this support is broken then index may tank near 51100 - 51000 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 29th November 2024NSE:CNXFINANCE Index closed near 23920 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 24000 Strike – 1.45 Lakh 24100 Strike – 0.60 Lakh 24500 Strike – 0.60 Lakh Put Writing 24000 Strike – 1.54 Lakh 24100 Strike – 0.59 Lakh 24200 Strike – 0.45 Lakh Index has resistance near 24200 - 24250 range and if index crosses and sustains above this level then may reach near 24400 - 24500 range. However, Index has immediate support near 23750 – 23650 range and if this support is broken then index may tank near 23400 – 23300 range.
NSE:CNXFINANCELong
by RKMAURYA
BankNifty levels - Dec 02, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
CAPACITE Long Base BO [Monthly]CAPACITE is a name I have been tracking for a couple of weeks now and its looking good on all 3 i.e. Daily, Weekly and Monthly Charts. Wanted to show the long monthly base so zoomed out for a monthly chart here. Unfortunately won't be able to comment about Relative Strength scores as this scrip is not part of 750 Stock universe I track on google sheets. But following points might be good to know : Market Cap / Revenue is ~1.5 so it doesn't look overly valued YoY Sales and Earnings both have increased, although increment is less than 10%, so won't be overly joyous on that QoQ performance is something I really like 32% sales growth June 2024 vs Jun 2023 & 100%+ earnings growth in the same June 2024 vs June 2023 timeframe. This is generally the catalyst I feel is required FIIs have increased stake in this from 11.1% in March 2024 to 14.4% in June 2024. So we can attribute huge volumes and run up we have seen to FII buying. All in all, it seems a setup I'll try to get in at. Will keep the comments updated as to what my thoughts are on this ahead.
NSE:CAPACITE
by HawkishDove
BHEL (Ready to Fire)Price makes Lower lows formations & when price reached at 210.70 It stops to make new lows & price reverse from there & first time price breaks & closes above the previous swing high at 249.40 & made a high of 253.80 which confirms that the previous trend get changed. So at current market price, price get halt & above 255 It may fire. View got invalid If any closes below 209 in Daily or Weekly. Targets are mentioned on chart. I am not a SEBI Registered. This analysis is purely for educational purposes only. . If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
NSE:BHELLong
by Nshravan1
ABDL - Ranveer's next love after DEEPIKA :) Hello, Everyone I hope you all will be doing well in your life and investing. Here I have brought you a Black Friday deal of a liquor stock. Ranveer Singh Partners with this Liquor company, Allied Blenders & Distillers Ltd (ABDL) is the name of the stock. CMP is 330. Its IPO price was 280. And it's above that price. Strong support is 300. Strong Resistance is 344 to 347. Once it will close above 345 chances of 400+. Stoploss is 300, Mostly it will not break that. About Incorporated in 2008, Allied Blenders and Distillers is an Indian-made foreign liquor company offering four categories: whisky, brandy, rum, and vodka. Key Points Leading Liquor Manufacturer - Allied Blenders and Distillers is the third-largest Indian-made foreign liquor (IMFL) company by annual sales volumes from FY14 to FY22 with 11.8% market share in the Indian whisky market in FY23 Product Portfolio As of December 31, 2023, its product portfolio comprised 16 major brands across five main categories of IMFL, i.e., whisky, brandy, rum, vodka, and gin. The company also sells packaged drinking water under Officer’s Choice, Officer’s Choice Blue, and Sterling Reserve brands. Brand Portfolio Premium 1. Sterling Reserve Blend 10 Whisky 2. Kyron Premium Brandy 3. Sterling Reserve Premium Cellar Brandy 4. X&O Barrel Premium Whisky Semi-Premium 1. Sterling Reserve Blend 7 Whisky 2. Sterling Reserve B7 Whisky Cola Classic Mix 3. Srishti Premium Blended Whisky Deluxe 1. Officer’s Choice Blue Whisky 2. Jolly Roger Rum 3. ICONiQ White International Whisky Mass Premium 1. Officer’s Choice Whisky 2. Officer’s Choice Star 3. Officer’s Choice Brandy 4. Officer’s Choice Rum 5. Class 21 Vodka 6. Cheval Fort Cafe Rum Millionaire Brands - Brands like Officer’s Choice Whisky, Sterling Reserve, Officer’s Choice Blue, and ICONiQ Whisky are classified as 'Millionaire Brands', indicating that each has sold over a million 9-litre cases in a single year. Revenue Bifurcation - Product wise 9FY24 Whisky - 96.1% Brandy - 2.64%, Rum - 1.14% Vodka - 0.12% PAN India Presence - It is one of only four spirits companies in India with a pan-India sales and distribution footprint. As of March 31, 2023, its products were sold in 79,329 retail outlets across 30 states and union territories. Sharekhan View Point- 3R Recommendation:- Allied Blenders and Distillers Ltd Strong Q2 Rating: POSITIVE (CMP:329 , Upside Potential:450) Company Description ABDL is the largest IMFL company and the third largest IMFL company in India in terms of annual sales volumes between FY2014-FY2022. As of June 30, 2024, the company’s product portfolio comprised 17 major brands of IMFL across five main categories, i.e. whisky, brandy, rum, vodka, and gin. A few of the company’s brands such as Officer’s Choice Whisky, Sterling Reserve, Officer’s Choice Blue, and Iconiq Whisky are millionaire brands. Over the years, ABDL has established market leadership in the alcoholic beverages market in India with a market share of 8.2% in the IMFL market by sales volumes in FY2023. As of June 30, 2024, ABDL’s products were retailed across over 79,000 retail outlets across 30 states and union territories in India. In addition, ABDL also exports its products to 14 international markets, including countries in the Middle East, North America, Africa, Asia, and Europe. Key Investment Arguments •Allied Blenders and Distillers Limited’s (ABDL’s) Q2FY2025 numbers were strong beating ours as well as street’s expectations. Net revenues grew by 2% y-o-y (~15% q-o-q) to Rs. 868 crore and OPM rose by 354 bps y-o-y to 11.9%; PAT grew by 4.2x y-o-y to Rs. 48 crore. •It plans to do a capex of Rs. 525 crore (spread over 3 years) to enhance the backward integration capabilities. This will help in improving OPM by 300 bps over the next three years. Investment has potential to deliver mid-to-high teen RoCE. •Telangana overdue of Rs. 350 crore will be reduced substantially by Q4. It will help in further reducing the net debt by FY2025-end. •The stock is trading at 47x, 29x and 24x its FY25E, FY26E and FY27E earnings, respectively. We maintain our Positive view with an unchanged PT of Rs. 450. This is just to boost my confidence. No Suggestions for buying. Kindly follow me ON TRADINGVIEW and Boost my idea if you like. THANK YOU. Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
ALong
by Alay6543
Real Success Rates of the "Rising Wedge" in TradingReal Success Rates of the Rising Wedge in Trading Introduction The rising wedge, also known as the "rising wedge" in English, is a chart pattern that has a remarkable success rate in trading. This analysis details its performance, reliability and complementary indicators to optimize its use. Success Rate and Performance -Key Statistics Overall success rate: 81% in bull markets Average potential profit: 38% in an existing uptrend -Breakout Direction Bearish: 60% of cases Bullish: 40% of cases Contextual Reliability Bull market: 81% success, average gain of 38% After a downtrend: 51% success, average decline of 9% Important Considerations The rising wedge is generally a bearish pattern, indicating a potential reversal. Reliability increases with the duration of the pattern formation. Confirmation of the breakout by other indicators, especially volume, is crucial. Complementary Indicators -Volume Gradual decrease during formation Significant increase during breakout -Oscillators RSI (Relative Strength Index): Identifies overbought/oversold conditions Stochastics: Detects price/indicator divergences -Moving Averages Crossovers: Signal trend changes -Dynamic Support/Resistance: Confirm the validity of the wedge -Momentum Indicators MACD: Identifies price/indicator divergences Momentum: Assesses the exhaustion of the trend -Other Elements Fibonacci Levels: Identify potential support/resistance Japanese Candlestick Analysis: Provides indications of reversals Conclusion The rising wedge is a powerful tool for traders, offering a high success rate and significant profit potential. The combined use of complementary indicators increases the reliability of the signal and improves the accuracy of trading decisions. It is essential to look for a convergence of signals from multiple sources to minimize false signals and optimize trading performance. _______________________________________________ Here are the best times to enter a trade after a rising wedge, in a professional manner: -The confirmed breakout Wait for the candle to close below the support line of the wedge. Look for a significant increase in volume during the breakout to confirm its validity. -The retest Look for a pullback on the broken support line, which has become resistance. Enter when the price rebounds downward on this new resistance, confirming the downtrend. -The post-breakout consolidation Identify the formation of a flag or pennant after the initial breakout. Enter when this mini-formation breaks in the direction of the main downtrend. -The confirmed divergences Spot bearish divergences on oscillators such as the RSI or the MACD. Enter when price confirms divergence by breaking a nearby support. -Timing with Japanese Candlesticks Identify bearish formations such as the Evening Star, Bearish Harami, or Dark Cloud. Enter as soon as the next candle confirms the bearish pattern. -Important Considerations Always place a stop-loss to manage risk effectively. Be patient and wait for the setup to be confirmed before entering the trade Check the trend on higher timeframes to ensure the consistency of the trade. Integrate the analysis of the rising wedge with other technical indicators to improve the quality of decisions. By following these recommendations, traders can optimize their entries on rising wedges while minimizing the risk of false signals.
BINANCE:BTCUSDEducation
by Le-Loup-de-Zurich
Man Infra cmp 222.90 by Daily Chart views*Man Infra cmp 222.90 by Daily Chart views* - Price Band 194 to 200 Strong Support Zone - Double Bottom formed at 168 to 170.50 Price Band - Strong Resistance Zone at 219 to 223 Price Band to be Support Zone - Daily basis Support at 206 > 188 >168 with Resistance at 231 > ATH 249.30 - Volumes had spiked over past few days but Resistance Zone is acting as a good hurdle - Price Breakout above Falling Resistance Trendline and well sustained above Support Zone
NSE:MANINFRA
by PIYUSHCHAVDA
Thangamayil shining: The strong financials caused a price surge!Company Overview Thangamayil Jewellery Limited (TMJL) is a rapidly growing company in India with a chain of retail jewellery stores in Tamil Nadu. They specialize in selling Gold, Silver, Diamonds, and Platinum, with gold being the main source of income. The majority of their ornaments are purchased from dealers in states like Andhra Pradesh, Gujarat, Kerala, and West Bengal for sale in their stores. Established in 1947, Thangamayil is headquartered in Madurai, India. Market Capitalization ● Current Market Cap - ₹ 5,128 Cr. ● Market Cap 3-years back - ₹ 802 Cr. ● The figures indicate that the company has increased over six times in the past three years, which is truly remarkable. Revenue & Profit Growth ● In the last three years, this stock has demonstrated an impressive compounded annual growth rate of 28% in its sales figures. ● Meanwhile, the total profit growth during this period has been a modest 12%. ● The company has successfully maintained a operating profit margin of 6%, which has risen from 4% in FY24. ● For the fiscal year 2024, the earnings per share have seen a remarkable increase, soaring from 29.10 in fiscal year 2023 to 44.91. Increasing Product Demand ● Inventory Turnover Ratio ➖ This ratio typically assists in determining whether the growth in sales is primarily due to rising product prices or if it is also influenced by increased demand for the product. ➖ Current Inventory Turnover - 3.14 ➖ Inventory Turnover 3 years ago - 2.63 ➖ These figures indicate that product demand has risen over the past three years. Valuation ● P/E Ratio The company's present price-to-earnings (PE) ratio stands at 42.3, significantly higher than its 1-year median PE of 31. When we look at the industry average PE of 31.6, it indicates that the stock might be considered somewhat overvalued at this time. ● PEG Ratio The company has a PEG ratio of 1.3, indicating that its current P/E ratio is valid. ● Intrinsic Value ➖ Thangamayil Jewellery is currently trading at ₹1870, which is nearly 2.5 times its intrinsic value of ₹764, indicating that the stock is overvalued at this moment. ➖ When we compare Thangamayil to its competitors, such as Titan and Kalyan Jewellers, some interesting insights emerge. Titan's current market price (CMP) stands at ₹3560, which is nearly 5.5 times its intrinsic value of ₹652. Meanwhile, Kalyan Jewellers has a CMP of ₹545, approximately 4.7 times its intrinsic value of ₹115. ➖ These numbers don't necessarily indicate that Titan and Kalyan Jewellers are overvalued; rather, they suggest that Thangamayil could be an attractive investment choice. Debt Analysis ● Debt to Equity Ratio ➖ The company carries a debt of approximately ₹532 Cr., resulting in a debt-to-equity ratio of 1.08. ➖ When discussing debt, it's important to note that for a small-cap company, this isn't necessarily a major concern. The key factor to consider is whether the company can consistently meet its loan interest payments. ➖ To assess this, we should examine the interest coverage ratio. ● Interest Coverage Ratio With an interest coverage ratio of 5.62, it’s evident that the company is well-equipped to manage its loan interest payments regularly. Cash Flow Analysis ● Operating cash flow has seen a remarkable surge, soaring to 330 crore from just 10 crore in FY23. ● The CFO/PAT ratio is currently at 0.74 of the five-year average, indicating that the company is quite proficient at converting its profits into cash. Shareholding Pattern ● The promoters have maintained their 67.33% stake for the last three quarters. ● Foreign Institutional Investors (FIIs) have been steadily raising their stakes since June 2023, now holding 1.08%. ● Domestic Institutional Investors (DIIs) have also grown their stakes to 12.08% in June 2024, up from 11.46% in June 2023. ● At the same time, retail investors have been consistently selling their shares over the past few quarters. Mutual Fund Holding ● Notable small-cap funds such as SBI Small Cap Fund and DSP Small Cap Fund have made substantial investments in this stock, representing 0.63% and 1.55% of their total assets under management, respectively. ● Additionally, ICICI Prudential Exports and Services Fund has recently added (in July 2024) its position in this stock, accounting for approximately 1.11% of its overall portfolio value. Technical Aspects ● From a technical standpoint, this stock appear to be currently overextended. Any pullbacks could provide a valuable opportunity to take positions. ● Stock Volume & Delivery surged by 3.4 times & 3.2 times respectively vis-a-vis their 5 day average with a 5.48% move in price. Conclusion While the company primarily functions in Tamil Nadu, it's fascinating to note that this state accounts for the largest portion (40%) of India's overall gold consumption. Furthermore, the company is gearing up to make its mark in the Chennai market by launching a flagship store along with 3-4 satellite locations. Given the increasing demand for gold jewelry, we anticipate that Thangamayil Jewellery will thrive in the industry in the years ahead.
Editors' picks
NSE:THANGAMAYLLong
by GoodluckCapital
1
Aaron Ind Short Term TradeThe level around 310 has been a strong long term resistance, The stock has been in consolidation stage since the last four months, Also currently the stock has formed a small cup and handle like pattern, and now a breakout has occurred through these levels The volume has drastically increased on and after the breakout Sudden surge in atr is also visible After the breakout, resistance has turned into support thus conforming the breakout Thus, for a short term trade, tgt 383, sl 317
NSE:AARONLong
by zenni_10
Crisil: The Credit Rating Agency is Set for Significant Growth! The price is currently on an upward trajectory, characterized by a series of higher highs and higher lows. After hitting resistance around the 3,740 level, the stock price pulled back but found strong support near the 2,700 level. It then bounced back and surpassed its previous resistance. This breakout was significant, as it emerged from the Rounding Bottom pattern that had formed during the consolidation phase. Following the breakout, the stock price stabilized just above the breakout zone for a while. Then, with a dramatic surge, the stock reached an all-time high of ₹6200. However, a wave of selling pressure caused the price to drop back to its trendline support. At present, the stock price is steadily climbing, indicating promising growth potential.
NSE:CRISILLong
by GoodluckCapital