Trend Line Break
TEXMOPIPE Daily looking bullishTEXMOPIPE Daily has trendline breakout with 200 ema support on daily candle. Good to buy at 72 for target of 100 with sl below 63.
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This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
Riding the Breakout Wave with Trendline and Massive Volume 📈 Symbol: JCHAC
📅 Timeframe: Daily
🎯 Entry: 1075
🎯 Targets: 1305,1450,1638
🛑 Stop-loss: Below 1016
Introduction:
Hello, traders! We're thrilled to present an exciting trading opportunity involving JCHAC stock. Our analysis combines the power of a breakout through a key trendline and substantial volume support, setting the stage for potential gains. Our targets are set at 1305,1450, and 1638. Let's dive into the details of this promising trade setup.
Breakout with Trendline and Volume Analysis:
1. Trendline Breakout:
The daily chart of JCHAC reveals a significant trendline that has acted as a barrier to the stock's upward movement. Recent price action has shown a compelling breakout above this trendline, signifying a potential shift in the prevailing trend. This breakout is a strong indicator of renewed bullish sentiment.
2. Confirmation with Volume:
What makes this breakout even more compelling is the surge in trading volume accompanying the upward move. The principle of volume analysis dictates that significant volume spikes often accompany significant price movements. In this case, the surge in volume serves as substantial support for the breakout, suggesting increased market participation and potential trend continuation.
3. Strategic Entry:
Wait For Retesting Breakout Level.and some bullish momentum at breakout level.Our recommended entry level is at 1075. By entering the trade after the confirmed breakout through the trendline, traders position themselves to ride the wave of renewed buying interest and capitalize on the anticipated uptrend.
4. Ambitious Target Levels:
We've set our sights on ambitious but achievable target levels:
Target 1: 1350
Target 2: 1450
Target 3: 1638
These targets take into account the strength of the breakout, supported by both the trendline breach and the robust trading volume.
5. Effective Risk Management:
To manage risk effectively, we propose setting a stop-loss just below 1016. This level allows for minor price fluctuations while maintaining a favorable risk-to-reward ratio for the trade.
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The information provided here is for educational and informational purposes only. It is not intended as trading advice or a recommendation to buy, sell, or hold any stocks or securities. Trading stocks involves risk and can result in financial losses. Before making any trading decisions, it is essential to conduct thorough research, consult with financial professionals, and consider your own risk tolerance and investment goals.
XAUUSD : Golden forecast for a new weekGold prices eased slightly during the Asian session on Monday and fell to the $1,911-$1,910 zone, or the lowest since July 7 in the past hour. However, the intraday downtrend lacks further selling, warranting caution for the strong bearish traders and positioning for the recent extension of the bearish trajectory witnessed in about the past three weeks.
The Federal Reserve's (Fed) outlook for further policy tightening should lift the US Dollar to fresh six-week highs and turn out to be a major factor acting as a headwind for the US Dollar. Gold price does not yield interest. Bets were reaffirmed by the US Producer Price Index (PPI) on Friday, which rose slightly more than expected in July.
BULLISH VIEW ON GODREJAGROA breakout with momentum is expected in GODREJAGRO. Keep it in your watchlist.
Disclaimer: This video is for educational purpose and not a recommendation. The analysis posted here is just our view. Do your own analysis or consult your financial advisor before making any investment decision.
TREND LINE SUPPORT FOLLOWING TREND LINE MUST GODREJ PRODUCT SUPPORTING A TREND LINE KEEP UPDATE WITH TREND LINE GET CHANCE ENTRY LEVELS.980 HAS BEEN TAKE SUPORT FOR THE CHART.
NO RECOMMONDATION REGADING BUY AND SELL
TAKE OWN STUDY AND FOLLOW US
Godrej Consumer Q1 FY24 Highlights (Consolidated, YoY) Operating profit jumped 28% to Rs 681.83 crore (Bloomberg estimate: Rs 685.51 crore). Margin expanded to 19.8% from 17% due to easing of input inflation (Bloomberg estimate: 19.7%).
Godrej Consumer Q1 FY24 Highlights
(Consolidated, YoY) Operating profit jumped 28% to Rs 681.83 crore (Bloomberg estimate: Rs 685.51 crore). Margin expanded to 19.8% from 17% due to easing of input inflation (Bloomberg estimate: 19.7%).
Advertisement spends, as a percentage of sales, stood at 9.3%, up 59% year-on-year and 42.7% over the previous quarter to Rs 320.39 crore. India business sales grew by 9% to Rs 2,005.48 crore led by volume growth of 12%.
What is left after the gold CPI news?Gold prices make a modest recovery from July 7 lows around the $1911-$1910 region set during the Asian session this Friday and, for now, appear to have broken a four-day losing streak. price. XAU/USD is now trading around the $1,915-$1.916 region, up more than 0.10% on the day, despite a lack of bullish confidence and remains vulnerable.
The US dollar (USD) is having a hard time capitalizing on a solid overnight bounce from over-week lows on weaker consumer inflation figures from the United States (USD) and a pullback. from the vicinity of the monthly high. The softer greenback is seen as the main driver of money flow towards the US dollar-denominated Gold price
Buy FDC 2 328"Delivery Idea 14-07-23
FDC (CMP: 330.35)
Buy Price: 328
SL Below: 312
Target: 360"
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Disclaimer: Content shared on or through our digital media channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
PNB Hourly chart looking bullishPNB Hourly looking bullish. It has trendline breakout/flag and pole breakout. Good to buy at 62.60 for target of 69 with sl below 61
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This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
BREAKOUT, 20 MICRONS, 65% RETURNS!!!BUY - 20 MICRONS LTD
CMP - Rs. 101
Target - 1: Rs. 119
Target - 2: Rs. 142
Target - 3: Rs. 166
SL - 86
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Timeframe - 9-15 months
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Technicals - Bullish Triangle Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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GOLD 9/8 : What will happen to the gold CPI news?Gold prices attracted some buying power during the Asian session on Wednesday and partially recovered the previous day's losses to the $1,923-$1,922 region, or four-week lows. XAU/USD is now trading just below $1,930, up nearly 0.20% on the day, though any meaningful upside still seems elusive.
A generally softer tone around the equity markets, coupled with a modest drop in the US Dollar (USD), turned out to be the main support factor for Gold prices. Weaker China trade data released on Tuesday raised concerns about a worsening outlook for the world's second-largest economy. In addition, Moody's downgraded the debt ratings of a number of US banks and reduced investor demand for riskier assets. Anti-risk money flows tend to favor safe-haven precious metals.
XAUUSD 8/9 : Today's CPI ForecastXAU/USD fell sharply early in the US session, hitting a fresh 4-week low of $1,922.74 per troy ounce, as demand for the US Dollar increased following comments from Reserve officials. Federal. unified report on the Consumer Price Index (CPI) of the United States (USA) July.
Philadelphia Federal Reserve Bank President Patrick Harker said they are getting back to more normalcy and while looking at the possibility of a soft landing, he added that supply chain problems are recovering. Furthermore, he said the Fed can be "patient" and keep rates steady, though he made clear September's decision will depend on upcoming data.