RAJRATAN GLOBAL, POSSIBLE BREAKOUT CANDIDATERajratan Global, CMP 499, witnessed huge correction from ATH.
Seems like at the bottom of both rounding bottom patterns, one
from its intermediate level as well as another from ATH level.
Important Support & Resistance levels are marked. Trendline
breakout will also coincide with up movement in rounding bottom,
again with due respect to key price levels.
Trend Line Break
RVNL Forming Good Patterns. Ready for an upmove?RVNL
At a support level and forming multiple patterns. It offers good RR at this level.
- Double Bottom
-Cup & Handle
-Trendline Breakout.
-Candles were narrow right before a breakout and volumes were dry during the pullback.
Positional SL is 13%, If you are an aggressive player then you can place the SL below 428. Adjust the SL and Targets as per your style/appetite.
520 will be a crucial level. Watch the PA there and decide on booking/further addition or fresh entry.
Please consult with your financial advisor before investing. The chart shared is for educational purposes.
A Good Bounce Can be Seen from the recent support zone.A Good Bounce Can be Seen from the recent support zone and the price has also broken above the resistance trendline with some good bullish momentum, and sighting the current changing market condition this can be the just right time to buy tata power in my opinion and we might see the resistance being broken this time after several failed retests.
Maharashtra Seamless Ltd looks good Technically.-Trendline breakout with high volume.
-Ideal entry missed
-Now at another important resistance. If broken and sustained then there is scope for further upmove.
-Volume picking up with price movement.
-Dry volume during pull backs.
-Good ROCE
-Good ROE
-Debt-free company.
-Profit growth of 26.3% CAGR over last 5 years
These are the reasons for picking this stock. This is a positional pick. SL is very deep so position size it or adjust the SL as per your trading style/ Risk appetite.
The chart shared is for educational purposes. Please do your due diligence before investing.
Cup & Handle Chart Pattern Breakout | APLAPOLLO⭕️ Price Action Analysis Alert !!!⭕️
FOR EDUCATION PURPOSE ONLY!!!
✅Overview of APL Apollo Tubes Ltd.
👉It is India’s leading manufacturer of structural steel tubes and hollow sections, widely used in construction, infrastructure, and industrial applications
👉Focused on substituting traditional building materials with advanced steel solutions.
✅Fundamental Analysis
📍The company maintains healthy profit margins due to cost-efficient operations and strong pricing power.
📍 Managed to keep its debt under control, maintaining a strong balance sheet.
📍High ROE and ROCE
📍Stock valuation due to strong growth potential, market leadership, and consistent performance.
✅Technical Analysis:
1️⃣Cup&Handle chart Pattern Bo
2️⃣Supporting Volume
3️⃣Supporting EMA
4️⃣BO Confirmation
5️⃣Strong Support
✅Check out my TradingView profile to see how we analyze charts and execute trades.
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
📍📌Thank you for exploring our idea! We hope you found it valuable.
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✍️COMMENT Below your view !
RTNINDIA: Journey Above Crucial EMAsAfter experiencing a prolonged five-month downtrend, RTNINDIA has successfully breached its downtrend line and closed above this key resistance level, accompanied by a noticeable increase in trading volume. This upward momentum indicates a potential shift in market sentiment toward the stock.
In recent trading sessions, RTNINDIA has not only closed above the 20, 50, and 100-day EMAs but is also approaching the 200-day EMA. The significance of closing above the 200-day EMA cannot be overstated, as it is often considered a strong indicator of bullish tendencies in the stock. A sustained position above the 200-day EMA could propel the stock toward its next significant long-term resistance level at 90 .
Investors should consider a long-term stop loss set at 65 to manage potential downside risk effectively. This strategy allows for participation in potential upside while safeguarding against unforeseen market fluctuations.
Disclaimer: The information presented in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any securities. It is imperative for investors to conduct their own due diligence and research before making any investment choices.
SHIVALIK - Trendline BreakoutThe stock has been in a downtrend since its listing in 2022, but it broke out of the trendline decisively today. Additionally, there has been a noticeable surge in volume since May 2024. This stock looks promising for consideration, but it's crucial to exit if the price falls back below the trendline.
AXISBANK Probable BreakoutStock Name: Axis Bank
CMP: ₹1160.50
Technical Analysis:
Axis Bank is currently displaying strong bullish momentum. The stock has achieved a breakout, with the previous close decisively above the trendline, confirming a significant bullish setup. This move is supported by high trading volumes, indicating strong participation from buyers.
Moreover the stock is in a strong buying position at the long tested support.
GSFC - Trendline breakout and Good Morning star candle formationThe price has been consolidating since March 2024, respecting the 188 range on the daily timeframe. Last week, it broke out of the trendline within the wedge. On the weekly timeframe, the candlestick formation resembles a morning star, which is a positive signal. We can expect the price to reach the resistance line of the wedge, around 288 INR. This setup is suitable for swing trading.
NIFTY50 3-4% (700-900) points rally will come moreI think on Market now NO MORE SELLING TO COME in Coming days because market structure or price action shows the market will go UP.
Today 23rd November Market is on Trendline if it breaks then our Target in the coming days will be 24800
SUPPORT ZONE: 23400-23500
STOPLOSS: 23400
Targets: Greenline
T1: 24150
T2: 24450
T3: 24800+
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses
MEDPLUS - Trendline and Symmetrical Triangle breakoutPrice decline since 2022 and the price consolidate since Feb 2024 inside the triangle and it breakout that and black color trendline this week. As this stock in downrange, this need to be consider very carefully or view this for educational purpose.
POKARNA going through a tight consolidation upside move possiblePOKARNA stock is going through tight consolidation in a bullish pattern on daily charts
promoter's holding is stable
FII's increased there position in this stock in September month
quater result expected good
1000 is a strong support am expecting a good upmove from this levels
entering in this stock with strict SL of close below 20 MA
**Disclaimer:** This information is for educational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Always do your own research and consult with a financial advisor before making investment decisions.
APAR INDUSTRIES LTD#APARINDS
Current Trend: Uptrend since August, but showing recent weakness with slight downward movement.
Support Level: Around 9,300 INR. Watch for signs of holding at this level for potential reversal.
Resistance Level: Near 10,000 INR, where selling pressure has occurred previously.
Volume: Recent candles show lower volume, indicating market indecisiveness or weak downward movement.
Short-Term Buy Recommendation:
Entry Range: 9,350-9,400 INR, if the stock stabilizes or shows bullish signals. Target: Short-term potential up to 9,800-10,000 INR.
Likely Price Movement:
If the stock holds above 9,300 INR, it may rebound towards 10,000 INR.
If it breaks below 9,300 INR with high volume, further downside is possible.
can we see a bull run in crudeoil toward 6400 ???as wee can see the charts previously do support at boxx pattern and three time it tried to break it and it did break but at the same time it do follw the trend line -came from 6489 to 5383 (drawed in chart) no if we see the fibonacci suprt zone (marked as pink box) -there is possible chances of bull run from that point to wards 6400 . it sure will break the trend line ,,,