Get started

Trend Line Break

A stock for momentum traders!Quickheal has given a trendline breakout today with very heavy volumes. Stock has also managed to close above 61.8% fib retracement which clearly indicates a strong buy signal. However, the SL for positional traders is very far below 230 DCB. A retracement is favourable for short term traders. Best buy level can be 250-255 for targets of 330+. However, risky momentum traders can look for quick 5% returns at CMP. Stock might touch 295 levels in this momentum. Idea shared for educational purposes!
NSE:QUICKHEALLong
by chartistamey
1
Raymond is looking to Fly the Sky #SuperChartzKey levels: Support: 1800 on a closing basis Resistance: 1920, 1980, 2080, 2185 Description: Fundamentals: Business Overview: Raymond Limited, established in 1925, is a diversified group with interests in Textile & Apparel sectors, Real Estate, FMCG, Engineering, and international markets. It is a leading vertically and horizontally integrated manufacturer of worsted suiting fabric globally. Business Segments Post Demerger: The company will focus on Real Estate, Engineering, and Denim (Joint Venture) while retaining its flagship brand, Raymond. Brands: Notable brands include Raymonds, Colour Plus, Parx, Park Avenue, and new ventures like Ethnix. Strong retail presence with 1,638 stores, including 49 overseas stores in nine countries. Revenue Mix FY23: Branded Textile: 40% Branded Apparel: 16% Garmenting: 13% High-Value Cotton Shirting: 9% Engineering: 10% Real Estate: 13% Joint Ventures: Raymond UCO Denim (JV) manufactures specialty ring denim with a capacity of 56 million meters per annum. FMCG presence through Raymond Consumer Care (50% JV) in personal hygiene products. Raymond Realty: Started real estate business in 2019, with planned development on 20 acres, receiving significant booking values. Financials and Debt Reduction: Market Cap: ₹12,351 Cr. Debt reduced to ₹689 Cr. as of FY23. The company sold its FMCG business, reducing debt and becoming cash surplus. Demerger: Demerger of core Lifestyle business ongoing since 2019, aiming for two independent, debt-free entities with significant liquidity surplus. Technicals: Stock Performance: Current Price: ₹1,855 High / Low: ₹2,240 / ₹1,093 Stock P/E: 7.51 Financial Ratios: ROCE: 21.4% ROE: 22.9% Debt to Equity: 0.82 Price to Earning: 7.51 Market Performance: Return over 3 months: 2.35% Return over 3 years: 75.5% Enterprise Value and Sales: EV/EBITDA: 6.53 Enterprise Value: ₹15,469 Cr. Sales: ₹8,343 Cr. Miscellaneous: Book Value: ₹630 Dividend Yield: 0.16% OPM: 13.9% Price to Book Value: 2.95 EPS: ₹227 Industry PE: 35.3 Return on Assets: 7.86% Current Ratio: 1.77 In short, Raymond Limited demonstrates strong fundamentals with diversified business segments, successful brand portfolio, and strategic moves like demerger and debt reduction. Technically, the stock shows stable financial performance, moderate valuation, and positive market returns.
NSE:RAYMONDLong
by SuperChartz
4
RUCHIRA : Breakout Candidate📌#ruchira : #breakoutstocks >> Momentum Building up >> Volume contraction visible >> Beautiful VCP Structure >> Good Strength & decent Volumes Swing Traders can lock 10% profit & keep trailing #swingtraders #trading #vcppattern Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:RUCHIRALong
by moneyfesttrading
Anupam Rasayan - Inverse H&S Breakout on Weekly ChartChart patterns are the most loved trading strategy among traders. There are different kind of patterns traded in stock market. One of which is inverse head and shoulder - a trend reversal pattern. Upon formation of this pattern the stock trend get reversed. Generally if the stock is in consolidation phase then this pattern is seen. Now here I have observed inverse head and shoulder pattern formation in one of the chemical manufacturing company in India named Anupam Rasayan India Ltd. On closely observing the chart, I found that the stock is in downtrend since May 2022 after making a high of 1234 and remain in downtrend till Oct 2023. Now the fresh uptrend in the stock is supported by inverted head and shoulder pattern which signifies that the stock can continue the uptrend in coming months. The targets for this stock can be found by projecting the depth of head just after the breakout which comes around 1320. Also the stop loss for this trade can be put at the depth of right shoulder which is around 990. Disclaimer: The stock shared is only for educational purpose and does not hold any buy or sell recommendations.
NSE:ANURASLong
by Vipin_Dixena
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