Trend Analysis
6 years breakout in SIYARAM SILK6 years big breakout possible in SIYARAM SILKMILLS, yearly+monthly+weekly+daily multiple timeframe breakout will happen at once . keep funds ready.
Peers are businesses with comparable activities, buisness objectives and affiliation with a particular industry area. For Siyaram Silk, major competitors and peers include Alok Industries, Donear Ind, Orbit Exports and Manomay Tex India. As of Jun 2024, the dividend yield of Siyaram Silk stands at 1.43% while Alok Industries, Donear Ind, Orbit Exports and Manomay Tex India stand at 0.0%, 0.17%, 0.0% and 0.0% respectively. The PE ratio and PB Ratio of the company are among its competitors stand at 18.1 and 3.07 respectively.
Will Nifty Test 24350 or Pull Back Once More?Nifty has created inverted Head and Shoulder Pattern on 2 hours chart.
Breakout is still pending, breakout is above 24350 level, target for the same is 25400 level another 1300 points journey.
Nifty this weeks Support : 24080 - 23950 - 23800
Resistance : 24350 - 24550
Bank Nifty is creating a flag pattern and also has a big gap between 51200-51700 level.
It can move either side.
Flag breakout is above 52600 for a target of 55500.
Bank Nifty Support : 51700-51400-51200
Resistance : 52150-52350-52600.
XAU USD From Dec 2nd to Dec 6th (target1000 pips )These levels are valid from Dec 2nd to Dec 6th.
XAUUSD should touch 2672 and from 2672 to 2674 we can see good selling opportunity SL can be 2681 and target 2562 and 2552 is the last target(1000 pips).
From 2649 we can see good buying opportunity up to 2569 (200 pips).
Selling Pressure at Resistance, Downtrend Forecasting AheadThe 4-hour chart of USD/JPY shows a clear bearish pattern after the price failed to break above a key resistance level around 152.000. The slight bounce we saw recently may have been a weak attempt to retest this level, but with the lack of strong buying momentum, the price seems to be preparing for a deeper decline.
The rebound and reaction at this resistance area is typical of a distribution market, where previous buyers may be looking to cut their losses, and new sellers are entering the market. The 34 EMA has crossed below the 89 EMA, a sign that the downtrend may continue.
I appreciate the retest of the resistance level and see this as an opportunity to consider short positions. If the price breaks below the current support around 150,280, this could initiate a new bearish phase, towards the next support level around 149,000.
Strides Pharma Science Ltd - Multiyear Breakout returns -2-3X !!The price consolidation for last 9 years gave a breakout which retested the breakout levels and going upwards. The price may move to give high returns in coming time.
Technically Multiyear breakout (double bottom) and may rise the price to give multibagger return after short consolidation.
Stock details
Sector: Pharma
Theme play out: CDMO ( Contract Development and Manufacturing Organization)
Technical analysis details
Accumulation Zone= 1350-1675
Low-risk entry price = weekly closing candle >1675
Stoploss = 1235 (weekly closing for less risk takers)
Stoploss = 1000 (weekly closing below- high-risk takers)
Target 1 = 2000
Target 2 = 2500
Target 3 = 3000
Target 4 = 4500 (Time frame ~ 1-4 years)
Positives
FII holding = 30.08%
DII Holding = 18.24%
sales are increasing annually
CDMO theme
Negatives
Promoters sold their holding 4.67 % for the last 3 years
Promoters pledge to hold 49.2%
Debt > reserves
Disclaimer: This analysis is just for educational purpose; nothing is guaranteed;
Nifty Weak AheadNSE:NIFTY still looks neutral until 100 DSMA is breached.
Support and Resistance have been Marked.
Weak GDP numbers may have an impact next week.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
MANINFRA - Flag Pattern Breakout Analysis based on Chart Patterns & Trendlines
Flag pattern breakout on weekly Time Frame with high volume after 9 Months of consolidation.
About the Company:
Man Infraconstruction Limited (MICL) is an integrated EPC (Engineering, Procurement & Construction) company with experience and execution capabilities in Port, Residential, Commercial & Industrial and Road construction segments.
FII's share increased from 0.86% (Dec 2021) to 3.71% (Sep 2024)
SL- 120
Please check the fundamentals on Screener.in
Natural Gas into Bullish Side....Natural gas taken Support from Daily timeframe EMA.....
Retraced from 61.80% retracement level towards upside.....3.5% is daily move from low to high....daily chart volume of candle increasing....EMA CROSS OVER in 1 Hour Timeframe....3.4 doller may be the first target...
BHARTIAIRTELToday 29th November Bharti formed a bullish engulfing candle, covering last 4 days candle. A downward trendline also broken 4 days ago. I believe it is a confirmation against its downward trend. Its first target will be around 1740 and then 1779. If we look for support level, it's first support is at the lower point of today’s candle, i.e 1551, and then 1511. Price also closed above all important moving averages. There is also a positive crossover of 5 days ema over 20 days ema. One may try this.
This is for educational purposes only, and not an investment tip or suggestion
Banknifty level of dec month read description for tradesDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2% )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2 %)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6 %)
Target 5- ( T5 : 100 %)
Target 6- (T6 : 123.6 %)
Target 7- (T7 : 138.2 %)
Target 8- (T8 : 150 %)
Target 9- (T9 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold positional levels , read description to take tradesDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2% )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2 %)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6 %)
Target 5- ( T5 : 100 %)
Target 6- (T6 : 123.6 %)
Target 7- (T7 : 138.2 %)
Target 8- (T8 : 150 %)
Target 9- (T9 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
BUY TODAY SELL TOMORROW for 5%2 days ago
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in FACT
BUY TODAY SELL TOMORROW for 5%
BTC on the move? ... Seems soIt seems like BTC will move this time for 100k. A small lot can be bought with a long term view. Even if it falls again there should not be a big loss.
In my opinion, keeping in view the coming election and happenings all around people will find safe heaven and opportunities...
Be humble be patient and be happy 😊