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INDUSTOWER - Descending Triangle BO - MonthlyINDUSTOWER - Descending Triangle BO A descending triangle is a chart pattern used in technical analysis, often seen as a bearish signal. Name - INDUSTOWER Pattern - Descending triangle Timeframe - Monthly Status - Breakout with volume Cmp - 458 Target - T1- 482 and T2 -596 SL - 243 and TSL at 400 Fundamentals: Here are some key fundamental ratios and metrics for Indus Towers Ltd.: Market Cap: ₹1,179.84 Billion Current Price: ₹185.00 Price-to-Earnings (P/E) Ratio: 17.84 Price-to-Book (P/B) Ratio: 4.63 Return on Equity (ROE): 25.97% Net Profit Margin: 22.88% EBITDA Margin: 56.75% Debt-to-Equity Ratio: 0.248 Indus Towers has shown strong profitability with a high ROE and solid EBITDA margin. However, its P/B ratio suggests it might be relatively expensive compared to its book value.
NSE:INDUSTOWERLong
by VCharts_TA
BAJAJFINSV -Symmetrical Triangle BreakoutBAJAJFINSV—Symmetrical Triangle Breakout Name - BAJAJFINSV Pattern - symmetrical triangle Timeframe - Wkly Status - Breakout with volume Cmp - 1783 Target - 2642 SL - 1634 Pattern :Symmetrical triangle Indicates a period of consolidation before the price breaks out, either upward or downward. Fundamentals: Good Here are some key fundamental ratios for Bajaj Finserv Ltd.: Market Cap: ₹2.62 Trillion1 Current Price: ₹1,782.002 Price-to-Earnings (P/E) Ratio: 34.13 Price-to-Sales (P/S) Ratio: 2.43 Price-to-Book (P/B) Ratio: 2.43 Return on Equity (ROE): 13.5%4 Dividend Yield: 0.06%1 Bajaj Finserv is a diversified financial services company, offering a range of products and services including insurance, lending, and wealth management
NSE:BAJAJFINSVLong
by VCharts_TA
Digital Technologies Co. Stock given Breakout with huge VolumeHello everyone, i hope you all will be doing good in your life and your trading as well, today i have brought a stock which has given a breakout of symmetrical triangle pattern with huge volume spike , generally whenver you see huge volume on the same day of breakout you can consider that as a healty breakout of that perticular company. Stock name Datamatics global services Ltd, and it is a Digital Technologies, Digital Operations, and Digital Experiences company that enables enterprises to go Deep in Digital to boost their productivity, customer experience and competitive advantage. Datamatics enables enterprises to combine various relevant Digital Technologies to improve productivity and customer experience to build sustainable competitive advantage. Technically stock has given breakout of symmetrical triangle pattern and stock is sustaining above to breakout levels and currently it is above to 200-DEMA , which is a good sign of bullish reversal. MACD also suggesting a bullish crossover. Note:- I have not placed MACD & 200-DEMA on chart to make chart crytal clear. Fundamentally stock is really awesome, companies management is very good, they understand the business very well, as there is too much competitions in their business but still they are surviving like a leader in sector. It is really a good bet for long term as welll as short term . if you are planning to invest for long term, then i will suggest you to go and start SIP in this. For short term to medium term targets and stop loss, i already have mention on chart above. Please follow stricly. Market Cap ₹ 4,088 Cr. Current Price ₹ 693 High / Low ₹ 792 / 450 Stock P/E 21.7 Book Value ₹ 208 Dividend Yield 0.72 % ROCE 21.2 % ROE 16.6 % Face Value ₹ 5.00 Industry PE 40.7 Debt ₹ 17.4 Cr. EPS ₹ 31.6 Promoter holding 66.4 % Intrinsic Value ₹ 382 Pledged percentage 0.00 % EVEBITDA 14.3 Change in Prom Hold 0.00 % Profit Var 5Yrs 20.8 % Sales growth 5Years 6.46 % Return over 5years 57.3 % Debt to equity 0.01 Net profit ₹ 186 Cr. ROE 5Yr 15.6 % Profit growth -4.54 % Earnings yield 6.08 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
Editors' picks
NSE:DATAMATICSLong
by TraderRahulPal
17
UNITED SPIRITS : Bullish Setup with Ascending Triangle FormationPrice Action Overview: UNITED SPIRITS LTD is showing a promising bullish setup with an Ascending Triangle Pattern. This is a continuation pattern, often signaling a potential breakout in the direction of the prior trend. Here's a detailed analysis: Ascending Triangle Formation: The stock is forming higher lows, creating an ascending triangle pattern, which typically indicates buying pressure and the likelihood of a bullish breakout. What is an Ascending Triangle Pattern? The Ascending Triangle is a bullish continuation pattern often seen in an uptrend. It is formed when the price makes higher lows while the highs stay at a similar level, creating a triangle shape. This pattern reflects the strength of buyers, as they continue to push the price higher at each dip, leading to a likely breakout above the resistance level. How to Trade the Ascending Triangle: Entry Point: Traders typically look to enter a long position once the price breaks above the horizontal resistance line, confirmed by increased volume. Stop Loss: A stop-loss order can be placed below the most recent low or just below the ascending trendline to manage risk. Price Target: The target is often set by measuring the height of the triangle and projecting it upwards from the breakout point. This gives a potential upside target. In this specific setup for UNITED SPIRITS LTD: Breakout Potential: The stock is approaching the upper boundary of the triangle, and a breakout could lead to a strong upward move. Weak High: The current weak high near the top of the triangle suggests that buyers are still in control and pushing for higher levels. Price Targets: Based on the height of the triangle, a potential upside target could be around ₹1,600. NSE:UNITDSPR This setup provides an opportunity for traders to capitalize on a potential breakout, supported by technical indicators and volume patterns.
NSE:UNITDSPRLong
by rajsharmatt
BAJAJFINSV - Symmetrical Triangle Breakout🔊 BAJAJFINSV- Symmetrical Triangle Breakout BAJAJFINSV- BAJAJ FINSERV LTD. ⌛Duration - Short Term (4 month to 8 month) 📊📈 Trade Logic - Symmetrical Triangle Breakout CMP - 1783 Time Frame - Weekly 🎯Target 1 : 1950 🎯Target 2 : 2200 🎯Target 3 : 2475 🎯Target 4 : 2750 🛑 Stop : 1500 🏆 Risk/Reward Ratio (1: 3.3) 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.
Editors' picks
NSE:BAJAJFINSVLong
by Profit_Trader25
3
ITC - Symmetrical TriangleITC - Symmetrical Triangle Name - ITC Pattern - Symmetrical triangle Timeframe - Wkly Status - Breakout with good volume Cmp - 501.9 Target - 602 SL - 463 Fundamentals : ITC Limited is a diversified conglomerate with strong fundamentals. Here are some key financial ratios and highlights: Key Financial Ratios Price-to-Earnings (PE) Ratio: 30.861 Price-to-Book (P/B) Ratio: 8.821 Debt-to-Equity Ratio: 0.0011 Return on Equity (ROE): 28.69%1 Net Profit Margin: 26.13%1 Enterprise Value to EBITDA: 18.171 Highlights Profit Growth: ITC has shown a good profit growth of 16.15% over the past three years2. Return on Capital Employed (ROCE): 36.42% over the past three years2. Debt-Free: The company is virtually debt-free with a healthy interest coverage ratio of 347.532. Strong Margins: ITC maintains high margins, with an EBITDA margin of 36.76%1. Business Strengths Diverse Portfolio: ITC operates in various sectors including FMCG, hotels, paperboards, packaging, agribusiness, and information technology3. Strong Brand: The company has a robust brand-building capability and extensive distribution network. Sustainability: ITC has a good ESG score relative to its sector4. These fundamentals indicate ITC’s strong financial health, profitability, and growth potential. Are you considering investing in ITC, or do you need more detailed information on any specific aspect? Pattern : A symmetrical triangle pattern is a common chart pattern in technical analysis that indicates a period of consolidation before the price breaks out, either upward or downward. Here are the key features: Structure Converging Trendlines: The pattern is formed by two trendlines that converge towards each other. One trendline connects a series of lower highs, and the other connects a series of higher lows12. Volume: Typically, volume decreases as the pattern progresses, indicating a reduction in trading activity and volatility. Interpretation Neutral Pattern: The symmetrical triangle is considered neutral, meaning it can signal either a continuation of the existing trend or a reversal, depending on the breakout direction. Breakout: A breakout above the upper trendline suggests a bullish move, while a breakout below the lower trendline indicates a bearish move12. Trading Strategy Entry Point: Traders often enter a position when the price breaks out of the triangle with increased volume. Price Target: The price target is typically estimated by measuring the height of the triangle at its widest point and projecting that distance from the breakout point. Stop-Loss: A stop-loss order is usually placed just below the breakout point to manage risk1.
NSE:ITCLong
by VCharts_TA
MPHASIS - Symmetrical Triangle MPHASIS Name - MPHASIS Pattern - Symmetrical triangle Status - Breakout Cmp - 3104 Target - 5209 SL - 2670 Fundamentals : Good Here are some key financial ratios for Mphasis Limited: Price-to-Earnings (PE) Ratio: 28.71 Price-to-Sales (P/S) Ratio: 3.862 Debt-to-Equity Ratio: 0.093 Return on Equity (ROE): 15.2%3 Net Profit Margin: 11.6%3 Enterprise Value to EBITDA: 21.022 These ratios indicate Mphasis’s valuation, profitability, and financial health. The company has a relatively high PE ratio, suggesting it is valued at a premium compared to its earnings. The low debt-to-equity ratio indicates a conservative approach to leverage. Pattern A symmetrical triangle pattern is a common chart pattern in technical analysis that indicates a period of consolidation before the price breaks out, either upward or downward. Here are the key features: Structure Converging Trendlines: The pattern is formed by two trendlines that converge towards each other. One trendline connects a series of lower highs, and the other connects a series of higher lows12. Volume: Typically, volume decreases as the pattern progresses, indicating a reduction in trading activity and volatility1. Interpretation Neutral Pattern: The symmetrical triangle is considered neutral, meaning it can signal either a continuation of the existing trend or a reversal, depending on the breakout direction12. Breakout: A breakout above the upper trendline suggests a bullish move, while a breakout below the lower trendline indicates a bearish move12. Trading Strategy Entry Point: Traders often enter a position when the price breaks out of the triangle with increased volume. Price Target: The price target is typically estimated by measuring the height of the triangle at its widest point and projecting that distance from the breakout point1. Stop-Loss: A stop-loss order is usually placed just below the breakout point to manage risk1.
Editors' picks
NSE:MPHASISLong
by VCharts_TA
1
Nifty Bank Index Technical Outlook: Awaiting a BreakoutThe Nifty Bank Index is at a critical juncture, forming a symmetrical triangle pattern on its daily chart. This pattern, characterized by converging lower highs and higher lows, indicates a period of consolidation, with a potential breakout on the horizon. Key Levels to Watch: Support: Ascending trendline from November 2022 Horizontal support around 51,173 Resistance: Triangle’s upper trendline Horizontal resistance near 51,699 Potential Scenarios: Bullish Breakout: A move above the triangle’s upper boundary could lead to a continuation of the bullish trend, targeting levels above 52,500. Bearish Breakout: A drop below the ascending trendline may trigger a decline towards the 50,000 mark or lower. Volume Insight: Recent spikes in volume suggest that a breakout—either up or down—might be imminent. Traders should keep a close watch on these levels for a confirmed move. Conclusion: The Nifty Bank Index is poised for a significant move. A breakout from the symmetrical triangle will likely set the tone for the next major trend.
NSE:BANKNIFTY
by ayusharya_001
1
EMAMI LTDAnnual Revenue rose 4.32%, in the last year to ₹3,624.89 Cr. Its sector's average revenue growth for the last fiscal year was 3.7%. Quarterly Revenue rose 6.61% YoY to ₹901.94 Cr. Its sector's average revenue growth YoY for the quarter was 3.85%. Annual Net Profit rose 13.13% in the last year to ₹723.53 Cr. Its sector's average net profit growth for the last fiscal year was 13.57%. Quarterly Net profit rose 3.09% YoY to ₹148.9 Cr. Its sector's average net profit growth YoY for the quarter was 5.99%. Stock Price rose 61.48% and outperformed its sector by 50.01% in the past year. PE Ratio is 37.74, lower than its sector PE ratio of 57.49. Debt to Equity Ratio of 0.03 is less than 1 and healthy. This implies that its assets are financed mainly through equity. ROE for the last financial year was 29.57%, more than 20% in the last financial year, indicating an efficient use of shareholder's capital to generate profit.
NSE:EMAMILTDLong
by CannySunny
1
LTIM - SYMMETRICAL TRIANGLE BREAKOUT🔊 LTIM - LTIMINDTREE LTD. ⌛Duration - Long Term (8 month to 15 month) 📊📈 Trade Logic - Symmetrical triangle breakout CMP - 6127 Time Frame - Weekly 🎯Target 1 : 6500 🎯Target 2 : 7580 🎯Target 3 : 8600 🎯Target 4 : 9200 🎯Target 5 : 10000 🛑 Stop : 5500 🏆 Risk/Reward Ratio (1:6) 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:LTIMLong
by Profit_Trader25
Bajaj Finserv Ltd (BAJAFINSV): Strong Bullish MomentumBAJAFINSV has shown impressive bullish momentum, breaking above multiple resistance levels. The increasing volume and positive RSI suggest a continuation of the uptrend. Descending triangle chart with a breakout Breakout Confirmation A breakout from a descending triangle occurs when the price moves above the upper trendline of the triangle. This signals a potential reversal of the downward trend and a possible uptrend. Technical Indicators: RSI is above 50, indicating a bullish momentum. Moving Averages: The 9-period Exponential Moving Average (EMA) is crossing above the 21-period EMA, confirming the bullish trend. MACD: The Moving Average Convergence Divergence (MACD) histogram is above the signal line, indicating a bullish trend. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index, or any other financial instrument at any time.  
NSE:BAJAJFINSVLong
by supertraders_india
LTIMINDTREE LTDLTIMINDTREE LTD Pattern :- symmetrical triangle pattern. A breakout from the triangle has occurred, suggesting a potential strong bullish movement. Target : The chart includes two projected target levels (1st TRG and 2nd TRG), indicating potential price targets post-breakout. 1)1st Target: Around INR 7,588.80 2)2nd Target: Higher, possibly indicating a significant upward move beyond the 1st target. Entry Point: Since the breakout has already occurred, an entry near the current level (around INR 6,127.55) could be considered. However, waiting for a minor pullback to the breakout level (around INR 5,900 to INR 6,000) might offer a better risk-reward ratio. A conservative Stop-loss can be placed just below the lower boundary of the triangle, around INR 5,450. This would minimize potential losses if the breakout proves to be a false move. Market Conditions and News: Check for any news related to LTIMINDTREE LTD, such as earnings reports, management changes, or sector-specific developments. Such news can significantly impact the price and should be factored into the trading decision. Broader market trends, such as the performance of the IT sector and the overall market sentiment, should also be considered. The breakout from the triangle pattern and the increasing volume are positive signs. If the broader market remains supportive and no negative news impacts LTIMINDTREE, the stock could reach its projected targets. for MORE check in my Tv-id " in.tradingview.com " If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏
NSE:LTIMLong
by asAMOLSUTAR