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ESCORTS - Symmetrical triangle -Breakout -DailyThis image shows a price chart for Escorts Kubota Ltd stock, Here's an analysis of the key elements: 1. Price Action: - The stock has been in an overall uptrend since April. - It formed a symmetrical triangle pattern from June to September, which it has now broken out of to the upside. - The current price is 4,079.25 INR, up 4.88% on the day. 2. Key Levels: - There's a significant resistance level around 4,400 INR, which was the previous high in June. - The breakout level from the triangle pattern (around 3,920 INR) may now act as support. 3. Volume: - There's a notable spike in trading volume coinciding with the recent price breakout, suggesting strong buying interest. 4. RSI (Relative Strength Index): - The RSI is currently at 67.60, indicating strong momentum but not yet in overbought territory. - There was a bullish divergence between the RSI and price from July to September, with the RSI making higher lows while price made lower lows. 5. Potential Targets: - The chart shows a potential price target of 4,870.90 INR, which represents a 21.02% move from the breakout point. 6. Overall Outlook: - The breakout from the symmetrical triangle, accompanied by increased volume and strong RSI, suggests a bullish outlook for the stock. - The next major resistance to watch would be the previous high around 4,400 INR.
NSE:ESCORTSLong
by VCharts_TA
3
Is IDEXUSDT Preparing for a Bullish Surge or a Breakdown?Yello Paradisers! Could this be the breakout we’ve been waiting for, or is a fakeout lurking? Let's dive into what’s happening with IDEXUSDT right now: 💎IDEXUSDT has broken out of a triangle pattern and has now formed a W pattern at the demand zone, increasing the likelihood of a bullish move. 💎If IDEXUSDT breaks above the resistance zone and secures a candle close above it, we can anticipate a strong bullish move. 💎In the event of a pullback, there’s potential for a triple bottom pattern to form at the support zone. To confirm this setup, watch for an I-CHoCH (Internal Change of Character), indicating a shift towards a bullish market structure. 💎However, if the price breaks down and closes a candle below the demand zone, it will invalidate our bullish setup. 🎖As always, patience and strategy are key. Only those who stay disciplined will come out ahead. Stay sharp and trade smart, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
MOTHERSON -Symmetrical Triangle -Breakout-DailyMOTHERSON -Symmetrical Triangle -Breakout-Daily Motherson chart formed symmetrical triangle pattern. In technical analysis, this pattern is characterized by two converging trendlines, with the price making lower highs and higher lows over time, ultimately forming a triangle shape. This formation often indicates price consolidation before a potential breakout. The upper trendline connects the highs, while the lower trendline connects the higher lows. The breakout appears to have occurred as the price moved above the upper trendline, which is typically seen as a bullish signal, suggesting the potential for a further upward move toward the target of ₹246.01, as indicated on the chart. Additionally, the volume increase during the breakout confirms the strength of this move, which is an essential validation for the symmetrical triangle breakout pattern. Support at 195 which is breakout candle low.
NSE:MOTHERSONLong
by VCharts_TA
Symmetrical Triangle Breakout: PTC INDIA LTD (PTC)PTC INDIA LTD is showing strong bullish momentum. The price is above key moving averages, and the RSI is in a bullish zone. The MACD is also indicating a bullish trend. Additionally, the chart is forming a symmetrical triangle pattern, which could lead to a significant breakout. - Strong Breakout Candidate - Sym. Triangle Pattern BO - Strong Bullish Momentum - Massive Volume Buildup - Long range accumulation - Looks ready for 260/280/300+ Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions
NSE:PTCLong
by supertraders_india
NEWGEN - Symmetrical triangle Breakout -DailyName - NEWGEN Pattern - Symmetrical triangle Breakout Timeframe - Daily Volume - Good volume Cmp - 1191 Can test - 1337 SL - 1090 Always welcome for any comments with your feedback or give it a like if you find it useful. Here’s a summary of Newgen Software Technologies Ltd’s Q1 FY25 results: Financial Highlights Revenue: Newgen reported a revenue of INR 315 crore, marking a 25% increase year-over-year (YoY) from INR 252 crore in Q1 FY24. Net Profit: The net profit for the quarter stood at INR 48 crore, up by 58% YoY compared to INR 30 crore in the same period last year. Revenue Breakdown Annuity Revenue Streams: INR 201 crore from ATS/AMC, support, and cloud/SaaS and subscription licenses. Product/License Sales: INR 45 crore. Implementation and Others: INR 68 crore. Operational Highlights New Customer Additions: 13 new customer logos were added during the quarter1. New Product Launch: Introduction of Newgen LumYn, a Gen AI-powered hyper-personalization platform designed specifically for the banking sector. Recognition Gartner Recognition: Newgen was recognized in the Gartner Market Guide for State and Local Government Grant Management Solutions1. Newgen’s strong performance in Q1 reflects robust revenue growth and significant profitability improvements, driven by new customer acquisitions and innovative product launches. ========================================================================== Disclaimer: This analysis is for informational purposes and not financial advice. The author is not a registered financial advisor. Individuals should conduct their research and seek professional advice before making investment decisions
NSE:NEWGENLong
by VCharts_TA
OBEROIRLTY - Symmetrical triangle Breakout - DailyName - OBEROIRLTY Pattern - Symmetrical triangle Breakout Timeframe - Daily Volume - Good volume Cmp - 1814 Target - 2140 SL - 1767 Always welcome for any comments with your feedback or give it a like if you find it useful. Analyst Ratings TradingView: Based on 21 analysts, the overall rating is neutral. The price target ranges from INR 1,175 to INR 2,350. Morningstar: Oberoi Realty is considered fairly valued with a current price of INR 1,784.64 and a fair value estimate of INR 3,142.13. Yahoo Finance: Provides detailed analyst estimates, including earnings and revenue projections. Key Metrics Price to Earnings (P/E) Ratio: 30.39 Price to Book (P/B) Ratio: 4.48 Price to Sales (P/S) Ratio: 12.43 Here’s a summary of Oberoi Realty Ltd’s Q1 FY25 results: Financial Highlights Net Profit : Oberoi Realty reported a net profit of INR 584.51 crore, an impressive 82% increase from INR 321.64 crore in the same quarter last year1. Revenue : The revenue for the quarter rose by 54% to INR 1,405 crore. EBITDA : EBITDA saw a significant rise of 72%. Operational Highlights Sales Volume: The company achieved strong sales volume, contributing to the overall revenue growth2. Project Launches: Successful project launches and ongoing projects have driven the financial performance1. Comparative Performance Quarter-over-Quarter: Compared to the previous quarter, revenue grew by 6.87%, although profit decreased by 25.83%3. Outlook The strong performance in Q1 sets a positive tone for the rest of the fiscal year, with expectations of continued growth driven by robust project pipelines and market demand.
NSE:OBEROIRLTYLong
by VCharts_TA
BANDHANBNK - Symmetrical triangle Breakout - DailyName - BANDHANBNK Pattern - Symmetrical triangle Breakout Timeframe - Daily Volume - Good volume Cmp - 207 Target - 242 SL - 203 Bandhan Bank’s Q1 FY25 performance: Financial Highlights Net Profit: Bandhan Bank reported a net profit of INR 1,063 crore, a significant 47% increase from INR 721 crore in the same quarter last year1. Net Interest Income (NII): The NII grew by 21% YoY to INR 3,005 crore1. Net Interest Margin (NIM): The NIM for the quarter was 7.6%, up from 7.3% last year1. Analyst Ratings Jefferies: Upgraded Bandhan Bank to “Buy” from “Underperform” with a target price of INR 2401. Nomura: Downgraded Bandhan Bank to “Reduce” from “Buy” with a target price of INR 1751. Consensus: The average target price from multiple analysts is around INR 2192. Intrinsic Value The intrinsic value of Bandhan Bank is estimated to be around INR 399.13, suggesting a significant upside from the current market price3. CRISIL Ratings CRISIL has reaffirmed its ratings on Bandhan Bank’s outstanding debt instruments at 'CRISIL AA/Negative/CRISIL A1+' Always welcome for any comments with your feedback or give it a like if you find it useful.
NSE:BANDHANBNKLong
by VCharts_TA
LTTS - Watchlist - Ascending triangle - Cup and handle -Wkly LTTS - Forming Ascending triangle and cup and handle patterns on weekly charts. Need to close above 5890 for breakout, which can test 8000 levels in a 6 to 12 month timeframe. We can have it in watchlist for next week. Strengths The company is virtually debt-free. The company has a good ROE track record of 27.20%. The company has delivered average profit Growth of 23.19% in the last 3 years. The company has delivered good income growth over the past 3 years of 20.47%. The company has effective cash conversion ratio of 106.58. Always welcome for any comments with your feedback or give it a like if you find it useful. in.tradingview.com
NSE:LTTSLong
by VCharts_TA
2
LT continues its consolidation phase within the symmetrical triaAs LT continues its consolidation phase within the symmetrical triangle formation, traders should closely monitor the price action around the key levels of resistance at 3700 and support at 3500. A breakout above 3700 could signal a bullish trend, potentially leading to higher targets, while a breakdown below 3500 might indicate further downside risk. Keeping an eye on volume and momentum indicators as the price approaches these boundaries can provide additional insights into the potential direction and strength of the move.
NSE:LT
by TradePatternsLikePro
Looking bright- Andhra Paper Andhra Paper has commissioned a tissue-making unit from a Norwegian company. The overall pulp and paper production at Rajamundary and Kadiyam has been enhanced and upgraded during the recent illegal strikes. The new capacity on board shall contribute to an increase in revenue (top line), and the bottom line shall show a proportional increase once efficiencies start to materialise. If the planned capital expenditure for tissue also works out as intended - based on sales - margins shall only improve, given that it is a fast-moving consumer good (FMCG) with a short shelf life.
NSE:ANDHRAPAPLong
by liondewarangal