Trendpattern
Channel PatternThe channel is a powerful yet often overlooked chart pattern and combines several forms of technical analysis to provide traders with potential points for entering and exiting trades, as well as controlling risk. The first step is to learn how to identify channels. The next steps include determining where and when to enter a trade, where to place stop-loss orders, and where to take profits.
Script = BalkrishnaInd
Time Frame = 1 Day
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%.
Bullish flag pattern Reversal in PERSISTENTPERSISTENT SYSTEM
Key highlights: 💡⚡
📈On 1 DAY Time Frame Stock Showing Reversal of Bullish Flag Pattern .
📈 It can give movement upto the Reversal Final target of above 5095+.
📈There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto above 6385+.
📈 Can Go short in this stock by placing a stop loss below 4325-.
INDIACEM Bullish Breakout momentum Hello friends,
Here is another stock is about to give good momentum.
It is already given breakout and indicator is showing it is going to move up side strong direction.
So we can take momentum opportunity in this stock.
Either can enter with partial amount and wait for small discount price Or
You can enter with full position.
Its near 240 right now it can confirm breakout and point to 235 around
Entry can be 235 - 240
Target can be 280 or ups to you.
As this is only my analysis / point of view for this stock. So do your own analysis for this stock and take position on your own risk.
*i am not suggesting for any stock, so take risk on your own.
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NSE HEROMOTOCO: Are Bulls Strong Enough to Sustain Impulse?Timeframe: 30 min
Brief analysis:
HEROMOTOCO has started a five-wave impulse cycle from the low of 2745.5. Price has accomplished wave Y of wave (4) and started impulsive wave (5). Buyers will have an opportunity with a captivating risk reward to ride the trend after confirmation for the following targets: 3167 – 3210 – 3260+ .
In-depth analysis:
NSE HEROMOTOCO has formed an impulsive cycle after an extreme low. In this case, the security is trading above the 20,50, 100, and 200 EMAs, which indicates that the bulls are in control. The formation of wave two was a running flat which retraced 0.618% of wave (1) at 2795. The third wave was an extensive wave that extended 3.618% of wave 1.
Wave 4 has formed a double zigzag formation with wave W-X-Y, in which wave W was a zigzag, and wave Y is an expanding triangle. The retracement of wave (4) is 0.382 of wave 3. Currently, the price has broken out and traded above wave d, which signals that the big move is about to unfold.
Corrective structure always holds by either wave X or B-D trendline in expanding triangle. The price can take a retracement if the demand is growing with low volume. If the price breaks out at 3131, traders can initiate a long position for the following targets: 3167 – 3210 – 3260+ . The setup will be invalid after the breakdown of wave e.
Target measurements:
100% Reverse Fibonacci of the 4th wave at 3208, and 38.2% extension of wave 1 through the 3rd wave at 3212.
50% Fibonacci extension of wave 1 through 3rd wave at 3261.
Nearby high of wave B at 3167.
We will update further information soon.
SOHBHA Near to Resistance @ 693Closely look at monthly chart its making a trend line coming near to resistance @ 693Rs at same level profit booking can been seen which a drop the price below.
A Good oppourtunity can be seen at 430 level for buying.
Sellers may get active there or it can break check the price action at resistance
note : All analysis are only for study purpose. Make your investment or trading decision at your own risk
Godrej Agrovet AnalysisGodrej Agrovet making a head n shoulder on weekly time frame. Greating upward trend on daily n weekly time frame.
Buying oppourity is generated on dip's below 460 to 450.
Note : All analysis are for observation and study purpose no tips or calls are been provided. Make desicion at your own risk.
Parallel Channel Pattern Breakout in COROMANDELCOROMANDEL INTERNATIONAL LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Parallel channel Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1025+.
✅Can Go Long in this stock by placing a stop loss below 960-.
Selan Exploration: Breakout Symmetrical TriangleClean BO from Symmetrical Triangle pattern Forming since Aug' 2022. Looks to continue the upward trajectory.
Double bottom pattern breakout in SYNGENESYNGENE INTERNATIONAL
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Double bottom Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 811+.
✅Can Go Long in this stock by placing a stop loss below 775-.
Falling wedge pattern breakout in ULTRATECH CEMENTULTRATECH CEMENT LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 8565+.
✅Can Go Long in this stock by placing a stop loss below 8140-.
Rounding Bottom pattern breakout in DLF LTDDLF LTD
Key highlights: 💡⚡
✅On 1 M Time Frame Stock Showing Breakout of Rounding Bottom Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 815+.
✅Can Go short in this stock by placing a stop loss below 340-.
Bullish flag pattern breakout in METROPOLIS HEALTHCAREMETROPOLIS HEALTHCARE LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Bullish flag Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1715+.
✅Can Go short in this stock by placing a stop loss below 1385-.
Ashok Leyland All time highs breakoutA complete lifetime trending chart of Ashok Leyland. Price seen moving all time highs this month. A continuation in trend will bring huge returns on rallying further. A good buy candidate with stop loss at or slightly below breakout as per stop loss rules. Keep watch
USDCHF: Potential Sell trade near the supply area #USDCHF #ForexThe price is continuously breaking Demand Zones, which means we are in a downtrend. When the demand zones are weak, the supply zones gain strength.
Thus, Sell near the supply area. Its not a set and forget trade. Waiting for lower timeframe structure is key.
WELSPUN CORP - 40% upside on chartsWelspun Corp formed a 'cup & handle' pattern in the day chart breaking its all time high. The depth of the cup from a common high is 37.2% and that ladies & gentlemen is the potential the stock can rally upto post breakout.
Technically the chart is strong, but don't forget to have your own research.
Cheers :)
TataSteel Not bullish yet.Wait a moment to take bullish entry to TataSteel.
It has to wait for at least 15days or a month to boost up side.
There are 2 days more to expiry so many people has taken entry with very low premium but they will exit today or tomorrow as not to take delivery or give delivery. It will going to pull down back price to main support so please wait while it make proper correction.
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