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Automotive Axles Ltd (Weekly Timeframe) - Potential Reversal ??After the Double Top formation (May 15, 2023) in weekly timeframe, the stock has been in a downtrend. With this week's price action, the stock seems to BreakOut of a Weekly resistance zone with good volume. EMAs are also in positive state. A Long-term angular resistance BreakOut along with Short-term resistance BreakOut makes this more significant to consider as a reversal sign. Watchout for next week's price action to determine if the reversal signs are intact or not. If it does, then the next target maybe 2,100.
NSE:AUTOAXLESLong
by Learn_with_Pth0mas
Archean Chemical - Chart of the WeekNSE:ACI has a beautiful structure in the Weekly Timeframe that qualifies for my Chart of the Week idea. It saw Decent Volumes this week and closed above its recent swing high, with RSI and MACD Trending Upwards and Closing Above all Major Short moving Averages, breaking the Trendline. About: NSE:ACI is India's largest exporter of bromine and industrial salt in Fiscal 2021. The company is the leading specialty marine chemical manufacturer in India and is focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world. Brokerage View: ICICI Securities research report on Archean Chemical Industries ACI has a plethora of opportunities – each carrying strong value creation potential – along its path ahead. Right off the bat, the expansion in bromine derivatives, and thus, higher captive bromine consumption would likely provide a strong fillip to ACI’s bromine business. Separately, Oren shall help cater to chemicals’ demand for O&G exploration services along with bromine compounds. Also, the success in its SOP flotation process could unlock extensive value. Further, its foray into SiC chip production – likely production FY28E onwards – would place ACI among the few Indian producers in semiconductors. Outlook: It is also exploring a giga-factory in ZincGel batteries using zinc-bromide electrolyte, which exhibits synergies with its bromine. In our view, the stock has little to lose due to undemanding valuations (12.8x FY27E PE). Retain BUY and TP of INR 675 (based on 15x FY27E EPS). Trade Setup: It has broken the falling trendline and respected a Major Support Zone, Buy on Dips will the way to play this counter because of the uncertain environment of trump tariffs. Stop Loss: Swing Low Levels around the Levels Marked on a Weekly Closing Basis only. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:ACILong
by Karanshah137
4
Britannia |Bull Rally Pending . ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡✍️Technical Reasons to trade or Strategy applied :- ✅Inverted Head & Shoulder Chart Pattern Bull Breakout required ✅Breakout confirmation required ✅Rise in Volume ✅Good 3 touches Trendline with volume ✅Clear uptrend with HH & HLs sequence in smaller Time frame ✅ Order block as potential Supports ✅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. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:BRITANNIALong
by ReviveTraders
SAKSOFT - Horizontal Trendline Breakout🔊 SAKSOFT - Horizontal Trendline Breakout ⌛Duration - Short Term (1 Week to 4 Week) 📊📈 Trade Logic - Horizontal Trendline Breakout with Huge Volume CMP - ₹321.75 Time Frame - Daily 🎯Target 1 : ₹350 🎯Target 2 : ₹360 🎯Target 3 : ₹380 🛑 Stop : ₹300 🏆 Risk/Reward Ratio (1: 2.5) Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
NSE:SAKSOFTLong
by Profit_Trader25
CDSL (Looks Good For Short Term)CDSL has given a trendline breakout on a daily chart. The stock can head towards 1960, 2000, and 2100 levels in the coming days. The stop loss can be placed at the low of the current candle (2nd Feb) which is 1823. The stock also has taken support on the weekly candle. Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
NSE:CDSLLong
by onkarsoundankar