Trend Analysis
Aditya Birla Fashion and Retail LtdDate 30.01.2025
ABFRL
Timeframe : weekly chart
Remarks : Probability of risk reward is high on Buying
At combination of multiple legs of seaport such as ;
200 Weekly exponential moving average + Rising channel base line + 61.8% of Fibonacci retracement + Previous right angle ascending wedge neckline + support base therefore stoploss also becomes very very critical.
In case of breaching of mentioned above would be best for shorts.
Or for patience after breaching multi leg support factors allow it resume above those & enter for short term.
Regards,
Ankur
Mahanagar Gas Limited: A Breakout OpportunityThe stock is in a solid consolidation phase, forming a bullish pattern of higher highs and higher lows. Patience is key, so I'm playing it smart by waiting for a decisive breakout above ₹1339 on a closed candle. Once confirmed, I'll buy above that high for a strong entry point.
📊 Technical Insight:
RSI is showing strength, hinting at momentum building up. Fingers crossed that we get a smooth breakout without an overly sharp spike!
💼 Fundamentals Check:
With robust financials and a leading position in the gas distribution sector, Mahanagar Gas is a powerhouse in the energy space. Strong market fundamentals and positive technical signals make it one to watch closely!
Let’s see if this one fuels up for a big move!
CARTRADE bullish breakout above 1738..?? - 30 Jan. CARTRADE: Bullish if ~3 Year long consolidation range (@1738)is broken on good volumes and sustains.
The above information does not constitute investment/trading recommendation and it is purely for educational purpose....
INTRADAY Trading Strategy in 3 stages of breakouts:
1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.(another 2-3%)
Both Safe Traders/High Risk Traders book profits at this stage
SWING Trading Strategy:
Position is kept open, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
The above information do not constitute, financial, investment, trading, or other types of advice or recommendation. It is purely for educational purpose....
Buy the bad newsTata Motors CMP 701
Elliott- the C which is the most devastating has five waves. I have divided the same into 5 waves.
Fibs- the stock is also down to fib confluence. Hence it is at a good support.
Conclusion - stocks top and bottom on the day of some significant news in the counter. With todays bad quarterly results, in my view the bottom is made. Its a very very good buy here in my view.
Gold Consolidates Near 2750-60: 2800 Ahead AS EXPECTED....
Gold is showing buying bias and current price is trading around 2,762, showing bullish momentum in an uptrend,Formation of higher highs and higher lows is still intact.
Notable liquidity pool visible around 2,780 area (Immidiate resistance) which acted as resistance and seems like bulls are ready to take this liquidity soon as Several order blocks formed between 2,740-2,750 acting as support also FVG visible around 2,735-2,740 region,Higher volume spikes during upward movements indicating buyer strength and volume divergence minimal, supporting the current trend so Overall trend remains bullish as shared in previos posts and weekly analysis video also and I am still holding my buy positions and now I moved my Stop to risk free level for gold and silver.
Key levels to watch:
Support: 2,748 (Pivot level), 2,711 (S1)
Resistance: 2,780, 2,808 (R1)
EURUSD NEXT POSSIBLE MOVE SAXO:EURUSD
As of January 30, 2025, the EUR/USD pair is exhibiting signs of a potential bullish movement.
**Market Pulse**
The EUR/USD is currently trading within an ascending channel, indicating a short-term bullish trend. The pair is testing the support area near 1.0395, suggesting a possible rebound and continuation of the upward movement.
**Key Technical Levels**
- **Resistance:** 1.0485
- **Support:** 1.0395
**Technical Indicators**
- **Trend:** The pair is moving within an ascending channel, indicating a short-term bullish trend.
- **RSI:** A rebound from the support line on the RSI indicator suggests a potential upward movement.
**Trade Recommendation**
Considering the technical indicators and the prevailing bullish trend, initiating a **buy** position is advisable.
- **Entry Point:** Buy at 1.0400
- **Take Profit (TP):** 1.0635
- **Stop Loss (SL):** 1.0325
**Risk Management**
This trade setup offers a favorable reward-to-risk ratio. Ensure that your position size aligns with your risk tolerance and overall trading strategy.
**Conclusion**
The EUR/USD pair is showing signs of a potential bullish movement, supported by technical indicators. Traders should monitor key levels and manage risk appropriately.
*Disclaimer: Trading forex carries a high level of risk and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary.*
BAJFINANCE bullish breakout above 8250..?? - 30 Jan. BAJFINANCE: Bullish if ~3.5 Year long consolidation range (@8050-8200)is broken on good volumes and sustains.
The above information does not constitute investment/trading recommendation and it is purely for educational purpose....
INTRADAY Trading Strategy in 3 stages of breakouts:
1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.(another 2-3%)
Both Safe Traders/High Risk Traders book profits at this stage
SWING Trading Strategy:
Position is kept open, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
The above information do not constitute, financial, investment, trading, or other types of advice or recommendation. It is purely for educational purpose....
Bajaj Finance on the Move!The stock had been consolidating for quite some time, forming an ascending triangle within the pattern. I've marked a critical resistance zone, and a weekly close above this level could indicate a breakout signal. The move has already begun—let’s see how it unfolds! 🚀
Given Bajaj Finance’s strong fundamentals and robust business model, it's definitely a stock worth keeping an eye on. Fun fact: Did you know Bajaj Finance is one of the largest and most trusted NBFCs in India with a diversified lending portfolio across retail, SME, and commercial segments? 🔍
Are you tracking this potential breakout too? Share your views below! 📊
CreditAccess Grameen: A Turnaround in Sight Short Term Trading Advice by Goodluck Capital
Buy CreditAccess Grameen
Buy Range- 990 - 1030
Target- 1200 - 1250
StopLoss- below 845
Upside Potential- 20% -25%
Approx trade duration 20 - 25 days
◉ Technical Analysis
● After a substantial decline, the stock is now showing signs of recovery, bouncing back from its trendline support.
● Additionally, the increasing trading volume is reinforcing the likelihood of a turnaround, indicating a potential reversal in the stock's fortunes.
◉ Fundamental Rationale
The Reserve Bank of India's (RBI) recent liquidity infusion of over ₹1.5 lakh crore is expected to boost economic growth and create a favorable environment for microfinance institutions (MFIs) like CreditAccess Grameen. Here are the key benefits:
● Improved Liquidity for Lending: The injection will help MFIs meet their short-term funding requirements, reducing their reliance on expensive sources of funding.
● Potential Interest Rate Cuts: Lower interest rates will enable CreditAccess Grameen to access cheaper capital, making loans more affordable for low-income customers.
● Boost to Rural Economy: Budget 2025's focus on rural development through increased government spending will enhance the repayment capacity of borrowers, reducing credit risks for MFIs. This will create a favorable environment for CreditAccess Grameen to operate and expand their services.
NIFTY Levels for January 30, 2025NIFTY Levels for Today
Here are the today's NIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both.
Please consider these levels only if there is movement in index and 15m candle sustains at the given levels.
The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level.
Note: This idea and these levels are only for learning and educational purpose.
Your likes /boosts gives us motivation for continued leaning and sharing ideas.
RELIANCE (Reliance Industries Ltd)- AnalysisBullish Levels -day closing above 1250 (early entry risky) then 1336 (safe entry if day closing above this) first target can be around 1400 if sustain above this for a week or two then we can expect targets of long term targets can be around 2200 then 2400 and last Stop for now would be around 2600
Bearish levels :- Day closing below 1130 SL for swing trade then 1070 strict SL for Long term Investor below this more bearish.
**Consider some Points buffer in above levels
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you
BANKNIFTY Levels for January 30, 2025BANKNIFTY Levels for Today
Here are the today's BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both.
Please consider these levels only if there is movement in index and 15m candle sustains at the given levels.
The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level.
Note: This idea and these levels are only for learning and educational purpose.
Your likes /boosts gives us motivation for continued leaning and sharing ideas.
SBIN IS AT CRUCIAL LEVEL, BREAK SIDE OUT!! MAY RESULT IN NEW HIGDiscover the serenity of joy and peace in every moment, enriching your journey with sublime beauty.
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Polycab India Ltd – A Strong Technical and Fundamental Setup!Hello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brough a stock which name is Polycab India Ltd and it is currently testing a crucial support zone after a sharp correction. The previous resistance has turned into support, and a Morning Star candlestick pattern is forming, indicating a potential reversal. This setup aligns well with the stock’s long-term growth story.
From a technical perspective, a breakout from this support zone could lead to strong upside momentum. The entry zone is 5850-5750, with targets at 6333, 6955, and 7550, while a stop-loss at 5450 ensures risk management.
On the fundamental side, Polycab remains a market leader in the wires & cables industry, backed by strong revenue growth, profitability, and a solid order book. With the government's focus on electrification and infrastructure development, the stock has promising long-term potential.
Fundamental Ratio:
Market Cap
₹ 87,699 Cr.
Current Price
₹ 5,830
High / Low
₹ 7,607 / 4,236
Stock P/E
47.7
Book Value
₹ 571
Dividend Yield
0.51 %
ROCE
31.3 %
ROE
23.2 %
Face Value
₹ 10.0
Industry PE
31.9
Debt
₹ 193 Cr.
EPS
₹ 122
Promoter holding
63.0 %
Intrinsic Value
₹ 2,329
Return over 5years
43.3 %
Debt to equity
0.02
Net profit
₹ 1,865 Cr.
Disclaimer:- This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions.
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