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Trend Line Break

EDELWEISSEDELWEISS:- If the stock gives a breakout and sustains above 45.90 level, we may see a movement to the upside Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:EDELWEISSLong
by AjayDhakad_Keep_it_simple
08 Jan ’24 — Nifty Breaks the Trendline This Time — PostMortemNifty Analysis - Stance Bearish ⬇️ Recap from yesterday: “Our stance is still neutral with equal possibilities in either direction. Since Nifty50 is following the ascending channel’s top trend line — the chances of going up look more probable. To go down — we need news flow/event as there is no technical weakness.” 4mts chart link The gap up open today and a thrust upwards gave the false impression that we might have an up day. What happened on the contrary was a breach of the trend line. See the circled portions on the chart. At 09.47 the attempt was unsuccessful but at 10.51 the support gave away. Once we breached it, the price action started to pick up momentum. 63mts chart link The breach of the upper trend line of the ascending channel is quite visible in the higher time frame. Ideally, it is not a pure bearish signal as we are technically still in the bull market. We are changing the stance to bearish from neutral for the ultra-short-term only. If Nifty50 manages to crawl back up the top line - we will have to reverse the stance to neutral. In case Nifty manages to fall further - it will be interesting to see how it reacts to the bottom line of the channel.
NSE:NIFTYShort
by viswaram
#ADSL is getting ready to form a Null candle #SuperChartzKey levels: Support: 127, 110 Resistance: 154, 170 Key Description: The stock has a moderate Market Cap of ₹809 Cr. with a current price of ₹146. It exhibits a relatively low P/E ratio of 16.6, indicating potential undervaluation compared to the industry average P/E of 41.8. The stock's book value is ₹101, and the Price to Book Value ratio is 1.46. Financial performance metrics like ROCE (12.8%) and ROE (10.1%) suggest decent returns on capital and equity. The company maintains a conservative dividend yield of 0.85%. The operating profit margin is at 12.8%, showcasing operational efficiency. In terms of market performance, the stock has shown a positive return of 7.24% over the last 3 months and a robust return of 64.8% over the last 3 years, indicating favorable investor sentiment. However, investors should note the lower EPS of ₹0.36. Overall, the stock appears to have potential value with reasonable financial metrics and positive returns. However, potential investors should conduct further research and consider factors such as industry trends and market conditions before making investment decisions. Technically the stock has broken the trendline and sustaining the breakout to go beyond the nullification zone by forming a null candle. After the nullification the stock may touch new highs.
NSE:ADSLLong
by SuperChartz
6
05 Jan ’24 — BankNifty gets a sharp reversal at 14.19 & pulls UPBankNifty Analysis - Stance Neutral ➡️ BankNifty opened inline and was looking quite decent till 10.07. The fall that came after that took out 559pts ~ 1.16%. Not quite sure what triggered that fall. Due to this, the impact was felt even on Nifty50. NiftyIT was roaring green at one end and then BankNifty underperforming at the other. 4mts chart link Remember, we changed our stance from bearish to neutral yesterday and this fall started creating conflicting thoughts in our mind. What if the price action we had yesterday was a blip? But we got the right answers between 14.15 to 14.31 when Nifty50 managed to pull back. This also lifted BankNifty to ensure a flat closing for today. 63mts chart link The neutral stance continues. On the downside, we have protection at 47539, and on the upside, the channel bottom line will prove as a minor resistance. As long as BN stays between these two, we will be glad to look out for non-directional option strategies.
NSE:BANKNIFTY
by viswaram
05 Jan ’24 —Nifty50 takes support at the trendlineNifty Analysis - Stance Neutral ➡️ Recap from yesterday: “The first thing we had to do was to change the stance from bearish to neutral. To go bullish we need some more momentum, if it comes up in the forenoon session — I will update you via TV minds.” 4mts chart link Two things happened today A gap-up open - which did not make any sense. The rejection from the trend line - that made every sense. We repeated this earlier - our markets may be the only one that frequently opens gap-up or gap-down. The bulk of the action happens outside of the trading hours - seems like we need to grow up & mature. Today’s gap-up did not make any sense, even the opening candle. By 10.35 we lost the steam and started falling. Took a minor pause at 11.15 and then by 13.55 we went underwater. We got a nice rejection right at the trend line between 14.15 to 14.31. We are quite sure that many traders would have thought we might be falling further and that's when the reversal came. It was so intuitive to watch Nifty50 take support at the trendline and retrace the fall. Finally, we ended the day with a gain of 0.24% 63mts chart link Our stance is still neutral with equal possibilities in either direction. Since Nifty50 is following the ascending channel’s top trend line - the chances of going up look more probable. To go down - we need news flow/event as there is no technical weakness.
NSE:NIFTY
by viswaram
Deepak nitrite; min 20% return; TrendlineRefer our old idea attached below. . Midcap stocks are going to boom. long term investment; min 40% return. huge potential is there. investment ; Wait for retracement. if you are interested in investment, go for it with small risk, . . . more than that " Deepak Nitrite " is fundamentally good. . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency " 💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . refer over old posted idea attached below.
NSE:DEEPAKNTRLong
by TheNuraTrading
52 week high Stock ascending triangle pattern breakout Order Book Company expects to obtain orders from Tata Steel Ltd on a quarterly basis, where payments are based on buy-sell model and realized in proportion of sales made. AEL has an unexecuted order book value of Rs. 3,638 million for FY24, out of which Rs. 2,608 million (72%) is towards Andhra Pradesh Education and Welfare Infrastructure Development Corp and Telangana State Education Women and Infrastructure Development Corp building doors, steel windows, green chalk boards, RO plants and dual desks. TSL accounts for 17.5% of the total order book of Rs. 63 million
NSE:AHLADALong
by investigationofchart