Mphasis Double Bottom Looking good for a Swing/Postional Trade NSE:MPHASIS this week showed excellent price action on the back of decent Q3 Results and Management Commentary of Revenue during the quarter was driven by strong growth in the Banking and the Technology, Media & Telecom segments coupled with healthy revenue ramp-up in new clients despite the current quarter being a seasonally soft quarter. Consolidated revenue was up by 0.7% QoQ while net profit was up by 1.1% during the same period. The management stated that sustainable EBIT margin would be in the range of 14.6%-16%.
F&O Activity:
Significant Long Build-up with 2900 PUT Showing Significant OI addition.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade with the recent double-bottom base being crucial. After making a double bottom the stock started a pullback with decent volumes. RSI also gaining momentum, indicating a continuation of the recent up move. When should I enter? ideally 50% near 3000 and the remaining 50% near 2950.
Target(Take Profit):
3260/3565 Levels for Swing/Positional Trader.
Stop-Loss:
Entry Candle Low For Swing Trader and Recent Base of 2758/2730 for Positional Trader.
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Trend Analysis
CARE RATINGS: Expecting 20-25% upside potential!⚡️Price Analysis:
1️⃣ Trading near crucial EMA confluence zone - showing strong support
2️⃣ Long-term uptrend intact with clear HH-HL structure.
3️⃣ Recent correction found support at previous consolidation Dz
4️⃣ Volume trend showing distribution at highs - caution needed
5️⃣ Both EMAs rising - indicating underlying bullish momentum
✨ Key Observations:
➡️ Strong Dz confluence at support (EMA + previous consolidation)
➡️ RRR favorable at current levels with defined risk
➡️ Financial sector showing relative strength currently
➡️ Previous consolidation breakout acting as strong support
➡️ Multiple timeframes aligned for potential reversal
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 What's your view on Rating agency stocks? Share below! ✌️🔥 Happy Trading!✅🚀
BBTC Reversal ? ->> Bounced from a Important Level NSE:BBTC today bounced from an important level which was broken by heavy volume earlier in June 2024 now today exactly it went up with Price and Volumne Action. 100 DSMA will be important to see at the above levels.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade for Aggressive Swing Trader, with 10 DSMA and Base Draw will be Important to sustain.
Target(Take Profit):
2532.90 will be Levels for Swing Trader.
Stop-Loss:
Around 1928.55 For Swing Trade and Positional Trader.
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Fresh Buy Sinal on Globus Spr. With MACD getting +veNSE:GLOBUSSPR today gains on the drop in rice price for ethanol distilleries with MACD turning Positive and RSI showing Strength, it was from a good base if the given resistance is broken it can provide a good swing.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade, with the recent base being crucial levels on downside.
Target(Take Profit):
1115.80 Levels for Positional Trader.
Stop-Loss:
Around 795.85 For Swing Trade and Recent BO Base for Positional Trader.
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Gold holds steady as investors eye Fed decisionGold prices were little changed on Wednesday as market participants awaited the U.S. interest rate verdict, while the spotlight was also on President Donald Trump's trade policies amid fresh tariff threats.
💡Key Market Influences:
Asian Bank Holiday (Lunar New Year): Liquidity will be significantly lower today, which may lead to a tighter price range in the Asian .
FOMC Data Release Tonight: The market will closely watch the statements from Fed Chairman Powell, as they could have a major impact on USD (DXY) and set the long-term direction for gold.
📊 Key Observations:
1. Support & Resistance Levels:
o Immediate Resistance:
$2,771–2,772 (Marked OB Zone): This is a supply zone or order block (OB) identified on the 1-hour chart, acting as a critical resistance level.
All-Time High Zone: The price is approaching a significant
resistance area near the $2,790 level, the all-time high.
o Support Levels:
$2,737 Level (Marked POI Level): This is an important demand zone
(Point of Interest or POI) where buying pressure previously occurred.
$2,710 Zone: Another significant support level where price saw a reversal,
reinforced by the proximity of the 200 EMA.
2. Order Block on 1-Hour (OB on 1H):
The $2,771–2,772 area is identified as a bearish order block. If the price fails to break
above this level, it could signal a rejection and potential downside movement.
o Demand Zone Near $2,737:
A key bullish order block where price bounced upward after
a CHoCH (Change of Character) confirmed bullish momentum.
3. Trend Analysis:
o Bullish Channel Formation:
Price is trading in an ascending channel, indicating a bullish trend.
Price is currently in the middle of the channel, suggesting more room for upside if
it can break the resistance zone.
o Higher Lows Formation:
Clear signs of higher lows confirm the bullish structure on this timeframe.
4. Exponential Moving Average (EMA): 200 EMA:
Positioned around $2,737, providing dynamic support.
The price bounced off this level, indicating strong bullish sentiment
as long as it stays above the EMA.
5. Change of Character (CHoCH):
o Bullish CHoCH:
The breakout above the previous structure low near $2,737
signals a shift from bearish to bullish momentum.
6. Volume Insights:
o Noticeable spikes in volume near the $2,737 support level,
suggesting increased buyer activity in this area.
Trading Insights:
1. Bullish Scenario:
o A clear breakout above $2,771–2,772 OB could lead to a continuation
toward the $2,790 all-time high.
o Maintain long positions as long as price stays above the 200 EMA
and the $2,737 support zone.
2. Bearish Scenario:
o Rejection at $2,771–2,772 may lead to a retracement toward
the $2,737 support level or the $2,710 zone.
o Watch for a break below $2,737, which could invalidate the bullish trend.
Key Levels to Watch:
• Resistance: $2,771–2,772 and $2,790
• Support: $2,737 and $2,710
• Critical EMA Level: 200 EMA at $2,737
⚠️ Next Steps:
• Monitor price action closely around the $2,771–2,772
OB zone for signs of a breakout or rejection.
• Use the ascending channel boundaries to plan entry and exit points.
• Keep an eye on volume spikes for confirmation of trend strength.
👉 Always follow TP/SL to protect your capital and maximize profits!
Stay tuned for updates once the confirmations are in place!
Please support me with your likes and comments to motivate me to share more
analysis with you and share your opinion about the possible trend of this chart
with me !
📢 Best Regards , Silver Wolf Traders Community
Disclaimer: This is for educational purposes only. Always trade responsibly and
manage your risk effectively
Deepak Fertilizers - Cup and Handle ContinuationAs you all can see there is a beautiful cup followed by a handle on the Weekly timeframe.
After the pattern broke out, the stock managed the market sell off pretty well by retesting its previous supply zone (now demand zone) and maintained the sideways trend without spoiling the pattern.
This sudden surge implies that the stock is ready to continue its uptrend.
Talking about fundamentals:
- High Management Efficiency with a high ROCE of 17.10%
- The company has a high Debt to EBITDA ratio of 1.88 times
- Healthy long term growth as Operating profit has grown by an annual rate 40.09%
- Positive results in Dec 24
- OPERATING PROFIT TO INTEREST(Q) Highest at 4.94 times
- NET SALES(HY) At Rs 5,325.74 cr has Grown at 24.53 %
- DEBT-EQUITY RATIO(HY) Lowest at 0.67 times
- With ROCE of 14.4, it has a Fair valuation with a 1.9 Enterprise value to Capital Employed
- The stock is trading at a discount compared to its average historical valuations
- Over the past year, while the stock has generated a return of 106.57%, its profits have risen by 0.5%
- High Institutional Holdings at 20.38%. Their stake has increased by 0.7% over the previous quarter.
Bullish Harami Pattern spotted in Green Power todayBullish Harami Pattern is seen on the chart today. One out of five important signals has come on the chart today. Four important signals have to come. RSI has already touched it's low side. This is not investment advice, the analysis is for educational purpose only but we can see ₹28.08 in near term if this trend reversal worked out.
GODFREY PHILLIPS THE BEST SECTOR OF ALL TIME Please consult your financial advisor before investing.This is only for learning purpose of chart.
We are NISM certified EQ and MCX trader but not SEBI register investment advisor.
THE 'OG STOCK " stock has given multibagger overthe past few years despite tax rise and uncertain govt policy on tobacco we firmly believe that stock will give infinite return from this level. Because you cannot not stop addict from smoking. Rather make money and be happy...
CARTRADE TECH LTD - The Second Race.As linked below, the previous analysis of this stock achieved all the targets in 4 months. It also with stood the sell off in the markets and reclaimed its trajectory at the first sign of market reversal. These are traits of strong stocks. Technically in Stage 2, this stock could see even higher targets but lets set targets step by step. Timely profit booking is also an art. Today it kissed the previous ATH of 2021. Above that a fresh new trend begins.
Talking about fundamentals:
- Company has a low Debt to Equity ratio
- Healthy long term growth as Net Sales has grown by an annual rate of 25.90% and Operating profit at 46.24%
- With a growth in Net Profit of 48.16%, the company declared Very Positive results in Dec 24
- Infact the company has declared positive results for the last 11 consecutive quarters
- OPERATING PROFIT TO INTEREST(Q) Highest at 17.21 times
- PAT(Q) Highest at Rs 42.69 cr.
- Over the past year, while the stock has generated a return of 109.11%, its profits have risen by 39.4%.
- High Institutional Holdings at 74.79%. These investors have better capability and resources to analyze fundamentals of companies than most retail investors. Their stake has increased by 1.15% over the previous quarter.
NYKAA TRYING TO BREAK TREND LINENYKAA
Stock is at very important junction. If we look at daily chart, price is trying to break trend line.
Monthly, Weekly and Daily RSI is also confirming uptrend. Keep it in your watch list.
Entry - Successful closing above trend line in daily timeframe.
Target - 230 to 250
Crude oil Double Curve pattern SL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
BankNifty levels - Jan 30, 2025Utilizing 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.
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Nifty is nearing important zoneI have taken daily time frame for analysis today. As per the chart, price is below the support, but today's move is bullish.
To move up further price has 2 road blocks.
1. Resistance zone 23240 - 23320.
2. Trend line resistance.
Price have to cross these two hindrances to move up further. It will be needing more bullish power to do that.
Do your own analysis before taking any trade.
Lower time frame chart is bullish.
CERA : on Fibonacci Gold Ratio level...CERA is taking support on 200 weekly ema as well as Fibonacci Gold Ratio level... must follow its financial level...
CMP : 6600
TG : near ATH
SL : 7-8 % Below cmp
Stock's selection based on 5 Point Analysis:
1: Idea : Support on 200 WEMA.
2: Support : Volume, Delivery .
3: Technical : 21/55/200-EMA, Super trend up, RS>0 RSI.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on Daily chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.
Nifty levels - Jan 30, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
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SBI LIFE INSURANCE: Potential for Good Returns in coming DaysTrade Details:
Buy Above 1445
Tp1 - 1565
Tp2 - 1670
Tp3 - 1800
Tp4 - 1920
SL - Below 1400 (Only to get started)
Rationale :
Multi Timeframe Analysis Shows:
1. Support taken at 1393, a Strong Demand Zone backed by 3 Monthly Candle
2. Support taken at 1438, Fresh Formed Demand Zone backed by 0.78 Fib Retracement of the Recent rally and Weekly Support
3. Multiple Points where SBI LI has taken support at 22 Monthly EMA in past marked by Circles.
Consolidation Zone - Trending move expected outside this Zone
BankNifty -Will It Be Explosive Up - 49650+ ( Missed last time)Disclaimer:
This analysis is for educational purposes only. Please consult your financial advisor before making any trading decisions.
WaveTalks Market Insight – The Next Big Move?
As discussed in the last idea, the market witnessed a failed impulse as per the dea mentioned below, leading the Index to drop to slightly new lows on 27th Jan 2025 before eventually turning back upward. This movement sets up an interesting wave structure that traders need to watch closely.
Last TradingView Idea
Wave Structure Breakdown
Wave 3:
Successfully extended and touched 49250 (approx) before losing momentum.
Wave 4:
Currently forming a triangle or is about to complete its final phase.
Key Level – 49250: This level is acting as a pivotal point.
What Happened at 49250?
After hitting 49250, the market witnessed a sharp sell-off, dragging prices down to 48750 in the closing session on 28th Jan 2025. This drop suggests the wave 4 consolidation phase is still in play before the next directional move.
Trading Strategy – What to Watch For?
🚀 Next Buying Opportunity:
Above 49250, a breakout from the triangle in Wave 4 could trigger a strong thrust towards 49650
This aligns with the Elliott Wave thrust pattern, where triangles typically lead to a strong final push (Wave 5).
🔻 Caution for Sellers:
If the price fails to hold above 49250, the triangle might extend, leading to further consolidation or a potential false breakout trap.
Support to watch: 48750 – If this level gives way, further downside risk increases.
Execution Plan for Traders
Long Entry:
Above 49250, confirming strength with volume.
Target: 49650+ (Wave 5 thrust).
Stop Loss: Below 49000, ensuring protection against false breakouts.
Alternative Scenario : If 48750 breaks, re-evaluate for a potential deeper correction.
📌 Final Thoughts:
This setup presents a high-probability trade if the structure plays out as expected. However, market conditions can change rapidly, so risk management is key.
Regards,
WaveTalks
Market Whispers! – Can You Hear Them?
Bajaj FinServ cmp 1791.00 by Weekly Chart viewKeep stock on radar for a very captivating Technical Chart setup for New Lifetime High Milestone creation
Bajaj FinServ cmp 1791.00 by Weekly Chart view
- Triangle Breakout Completed
- Volumes seem stable and inching to cross avg traded quantity
- Weekly Support at 1680 > 1450 > 1220 Resistance seen at 1900 > ATH 2029.90
- *Repeat Bullish Head & Shoulders, Rounding Bottoms appear inside the slightly sliding Ascending Triangle pattern*
I Learned Something From This Chart !Hello fellow traders I hope you all are doing well so as we can see the market is not supporting any long position at the moment but the chart of Bajaj Finserv looks very attractive however I am not creating any trading position in it because the company is going to give it's financial figures tomorrow and it can be harmful for my trading position so all of you please also read this idea only for learning.
So through this chart we can learn that when price breaks 200 moving average, then a good fall or a good upside move comes. One pattern is formed which we call double bottom in which price after going above the swing low again comes near the old swing low and forms a double bottom and from where the price has come back is called the pattern neckline. Apart from this I have plotted a resistance zone where price took support for the first few days and later it became a resistance zone. This thing reminded me again about the theory of support and resistance.
So as I have told you, I will not create any trading position because tomorrow its financial result is due and that can harm my long position. But even if a long position is created after this resistance zone breakout then I will keep my target on the old swing high or all time low which was recently created by the stock a few days ago which was around 2000 keep that as my target and will keep my stop loss below the moving average of 200 days. If we look at the risk to reward then it is 1:2 risk reward ratio which is fine considering the current market perspective. I will not give any update for this idea because I am sharing this idea only for learning purpose. It does not seem to be a proper educational publication therefore i am not adding educational flag but adding long flag beacuse that is my current view.
I hope you like my work, Thanks in advance.
Best regards- Amit.