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Trianglepatternbreakout

SJVN Analysis for Long Term!NSE:SJVN Analysis! SJVN Analysis on a Daily Timeframe! Triangle Pattern formation in SJVN! Triangle Pattern Breakout in SJVN! Analysis: SJVN was trading in a Triangle pattern. Yesterday it gave a powerful breakout to its resistance line with significant amount of volume. Also consider the 20, 50, 100 period EMA as these are also acting as a Support and Resistance as the price is respecting them it is moving ahead with them. Rest of the Analysis is on the chart itself please study it thoroughly. Trade Setup: Entry = Current price level is good to Enter but always enter 0.50rs above the previous day high. Target = 226.64 Stop Loss = Below 136.11 or as per your Risk to Reward Disclaimer = Consider my analysis for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:SJVNLong
by Avinash9087
Bullish Triangle Pattern Breakout seen in Garments mfg. stockHello Everyone, i hope you all be doing good. I have brought a stock which has given bullish triangle pattern breakout. Stock name is Cantabil Retail India Ltd and it was incorporated in 1989 and started its readymade garments manufacturing and retailing business in the year 2000. Product Portfolio & Revenue Split 9MFY24 Men’s Wear (83%) - Formals, Casuals, Ultra Casuals, Woollen, Knitwear Women’s Wear (10%) - Shirts, Tops, Leggings, Kurtas, Kurtis, Capri, Pants, Jeans Kids Wear (3%) - Shirts, T-shirts, denim, trousers, Culottes, dresses, tops, jeggings, shorts Accessories (4%) - Innerwear, Belts, Socks, Ties, Handkerchief, Deo, etc. Technically stock has given neat and clean breakout of bullish Triangle pattern, Indicators like MACD & RSI started giving bullish crossover on chart. Price is above 200-DEMA. NOTE:- (I have not placed any indicators on chart just to keep chart neat and clean, but certainly i have done my analysis with indicators) Market Cap ₹ 2,450 Cr. Current Price ₹ 293 High / Low ₹ 310 / 181 Stock P/E 40.1 Book Value ₹ 39.0 Dividend Yield 0.31 % ROCE 18.0 % ROE 22.3 % Face Value ₹ 2.00 Industry PE 31.3 Debt ₹ 336 Cr. EPS ₹ 7.44 Promoter holding 74.1 % Intrinsic Value ₹ 131 Pledged percentage 0.00 % EVEBITDA 16.4 Change in Prom Hold 0.81 % Profit Var 5Yrs 37.4 % Sales growth 5Years 16.4 % Return over 5years 44.2 % Debt to equity 1.03 Net profit ₹ 62.2 Cr. ROE 5Yr 22.8 % Profit growth -9.09 % Earnings yield 3.82 % 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.
NSE:CANTABILLong
by TraderRahulPal
2
Triangle pattern breakout seen in HBL POWER stock will blast nowHello everyone, i hope you all will be doing good. i have brought a stock which has given breakout of Triangle pattern. Stock name is HBL Power System Ltd and it manufactures and services different types of batteries, e-mobility, and other products. Business Verticals:- a) Electronics: In Railway Electronics company has flagship products, TCAS (Train Collison Avoidance System) for safety and TMS (Train Management System) for efficient track utilization. In 2021, Indian government adopted TCAS as India’s national Automatic Train Protection and named it KAVACH. b) Defense: Company manufactures batteries for fighter aircraft, unmanned aerial vehicles, submarine propulsion systems, torpedoes, battle tanks, missiles, artillery fuses and supplies Type 1 batteries for kilo class submarines and Varunasthra torpedo and Type 4 batteries for Scorpene class submarines for the Indian Navy. c) Batteries: Company provides industrial batteries to Telecom, UPS, Railways, Solar, Oil and Gas and Power sectors. Lead Acid Batteries - Indian Army awarded a defense order in FY22 for 2V VRLA batteries for its Data Center application. Additionally, it received orders from OEs and EPCs for NCPP and VRLA batteries for a number of Metro Rail projects. Company gained traction in Africa with export of 12V UPS batteries and concentrated on commercial exports and provided batteries for other international projects. Tubular Gel Batteries - HBL received a purchase order for 312 communities' electrification using tubular gel batteries under a government initiative. Pure Lead Thin Plate Batteries - Company is a partner to STTelemedia for the supply of PLT batteries for existing and upcoming Data Centres. It also bagged an order from COLT, Data Centre for PLT batteries and positioned PLT as preferred batteries for Data Centres at Reliance. The Company has supplied PLT batteries for battle tank engine cranking application to the Indian Army Market Cap ₹ 17,408 Cr. Current Price ₹ 628 High / Low ₹ 628 / 165 Stock P/E 57.9 Book Value ₹ 44.0 Dividend Yield 0.08 % ROCE 34.4 % ROE 27.7 % Face Value ₹ 1.00 Industry PE 37.0 Debt ₹ 67.5 Cr. EPS ₹ 10.1 Promoter holding 59.1 % Intrinsic Value ₹ 114 Pledged percentage 0.00 % EVEBITDA 39.1 Change in Prom Hold 0.00 % Profit Var 5Yrs 66.1 % Sales growth 5Years 12.0 % Return over 5years 90.4 % Debt to equity 0.06 Net profit ₹ 280 Cr. ROE 5Yr 12.0 % Profit growth 209 % Earnings yield 2.55 % 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.
NSE:HBLPOWERLong
by TraderRahulPal
8
Are you ready to get 2332% Return if yes please Read descriptionHello Everyone, i hope you all will be doing good in your trading and your life as well, i know you guy's have to read about this stock which can give 2332% returns. So i am talking about welspun corp stock which has given breakout and retested the breakout zone on monthly time frame. Well i have written many things on chart about these, but still i will explain about this stock here too, but for the levels you have to go through chart above. 1st of all stock has given huge breakout after almost 16 years, and stock is sustaining above to this breakdown zone, All major indicators like, MACD AND RSI showing bullish crossover, price is above 200=DEMA, everything looks positive about this stock. So this is the best time to enter and hold for long term, now come about returns which i have mention on title, how will you get this much of returns in this stock if you invest now, 1st of all if you check major pattern on monthly chart, it is kind of triangle pattern right, in tringle pattern we always expect whatever inside higher length size will be we will expect that target for next move after breakout of triangle pattern. So if you check i have measure same length and i found stock has rallied 2332% in between, so i am expecting same. See guy's in longer term company always take some corporate action like, bonus and split so we might can see price differentiation on chart, but to calculate exact returns, you have to measure from today's date when i am publishing this post. i hope this have been clear, one thing i have written on chart as well, i am just going to do copying and paste here as well just read this is very important:- ((Friends, if you check inside the monthly chart analysis, you will see that many types of chart patterns were formed, many trendlines and supports were found breakout or breakdowns which occurred many times, but now in the long term the stock has given all time high breakout. which Formed in 2008, my point here to tell you all this is that if you think for long term you will never care about these noises, so if the company is good we should always find opportunity to invest and whenever we have any type correction in stock, we should take as another opportunity to add more at down levels. i hope i have explain clearly about long term investing method.)) i think this is one of the best idea or method to get best appreciation in returns in long term on your stock. So i am expecting you guy's have learned these unique techniques in investing world. if you think i have really teach you something best then do not forget to hit like on this post. NOW LET'S READ ABOUT THE COMPANY AND IT'S FUNDAMENTAL:- WCL is one of the largest manufacturers of large diameter pipes globally. The company also manufactures BIS-certified Steel Billets, TMT (Thermo-Mechanically Treated) Rebars, Ductile Iron (DI) Pipes, Stainless Steel Pipes, and Tubes & Bars. The company acquired Sintex-BAPL, a market leader in water tanks and other plastic products, to expand its building materials portfolio. It has also made strategic acquisition of specified assets of ABG Shipyard. Growth Strategy:- The Company has been undergoing a transformation journey since past couple of years by diversifying into related businesses that have good future growth potential. Setting up of DI Pipes facility in Anjar, Gujarat and acquisition of Sintex BAPL are a part of that strategy. Product Portfolio:- The product portfolio of the company comprises HSAW Pipes (Helically Welded), LSAW Pipes (Longitudinally Welded), and ERW Pipes (Electric Resistance Welded) for Onshore/Offshore Oil, Gas, and Water Transmission it also provides Coating System for anti-corrosion and Value-added Service like Double Jointing, Pipe Bending, ID Machining, etc. In Q3FY24, Sintex finalized its foray in Plastic Pipes segments through different types of PVC Pipes including CPVC, HDPE, UPVC and OPVC. Growth in Pipes Business:- DI Pipes sales - 9MFY24 sales volume rose almost 10x YoY to 135 KMT. Stainless Steel Bars sales volume grew by 201% YoY to 12,294 MT while, Pipes & Tubes sales volume rose by 23% YoY to ~3,667 MT during 9MFY24. DI Pipes in Middle East:- In Feb,24, company is planning to set up a 150 KMTPA DI Pipes manufacturing facility in the Middle East with an investment of ~Rs. 500 crore over next 4-6 quarters. The investment will be made through a combination of debt and equity. The plant is expected to commence commercial production by H1CY25. Market Cap ₹ 17,538 Cr. Current Price ₹ 669 High / Low ₹ 671 / 300 Stock P/E 15.8 Book Value ₹ 215 Dividend Yield 0.75 % ROCE 21.6 % ROE 21.5 % Face Value ₹ 5.00 Industry PE 19.7 Debt ₹ 1,949 Cr. EPS ₹ 42.4 Promoter holding 50.1 % Intrinsic Value ₹ 587 Pledged percentage 0.00 % EVEBITDA 8.91 Change in Prom Hold 0.18 % Profit Var 5Yrs 94.2 % Sales growth 5Years 14.1 % Return over 5years 37.0 % Debt to equity 0.35 Net profit ₹ 1,136 Cr. ROE 5Yr 14.4 % Profit growth 656 % Earnings yield 9.33 % PROS:- Company has reduced debt. Company is expected to give good quarter Company has delivered good profit growth of 94.2% CAGR over last 5 years Company has been maintaining a healthy dividend payout of 34.9% CONS:- Stock is trading at 3.12 times its book value Company has a low return on equity of 12.2% over last 3 years. 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.
NSE:WELCORPLong
by TraderRahulPal
7
InfoBeans Technologies Ltd is Ready to fly in Blue skyHello everyone, i have brought a stock which has potential to grow more than 100% from current levels. Yes i am talking about Infobeans Technologies which is primarily engaged in software development services, specializing in business application development for web and mobile and operate at Capability Maturity Model Integration (CMMI) level 3. Stock has given bullish crossover Volumes are supporting neckline breakout price is above 200-DEMA Market Cap ₹ 1,151 Cr. Current Price ₹ 472 High / Low ₹ 555 / 362 Stock P/E 51.2 Book Value ₹ 122 Dividend Yield 0.21 % ROCE 11.7 % ROE 7.92 % Face Value ₹ 10.0 Industry PE 31.8 Debt ₹ 24.5 Cr. EPS ₹ 9.25 Promoter holding 74.2 % Intrinsic Value ₹ 378 Pledged percentage 0.00 % EVEBITDA 17.2 Change in Prom Hold 0.00 % Profit Var 5Yrs 4.05 % Sales growth 5Years 26.1 % Return over 5years 48.6 % Debt to equity 0.08 Net profit ₹ 22.5 Cr. ROE 5Yr 16.5 % Profit growth -37.6 % 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.
NSE:INFOBEANLong
by TraderRahulPal
Ayurvedic Balm making stock has given Triangle pattern BreakoutHello everyone, i hope you all will be doing good in your life and your trading as well. I have brought a stock which has given breakout of Triangle pattern on weekly time frame, price is sustaining above 50 EMA since 3 weeks, MACD Has also given bullish crossover. There is higher probability we can see upside momentum in near term. Good thing about this stock is this is still trading at discount price, earlier it was trading almost at 50% discount, but recently it has given some upside momentum, still it's on discount around 40%. About company:- AHCL has been manufacturing ayurvedic balm for pain management since 1893, and is currently managed by the third-generation of promoters. The company is more than 120 years old and is into OTC products in the segments of pain management, women's hygiene, and packaged fruit juice drink. KEY POINTS High Market Share in Modern Trade Amrutanjan has maintained the No. 1 rank in Modern Trade in Head Category with the volume market share of 41.1%* in CY19. Product Portfolio The Co. offers a wide range of products in categories like pain management, congestion management, women’s hygiene, beverages, etc. Revenue Mix FY22 OTC Products - 92% Beverages - 8% Geographical Split FY22 Domestic - 98% Export - 2% Manufacturing Capabilities The Co. has 3 manufacturing units: 2 for its OTC products and 1 for beverages. It has a production capacity of 1,600 MT in the OTC manufacturing units. It is in the process of upgrading its beverage plant with state-of-the-art machinery. Entry into Oral Care Segment The Co. entered the oral care segment with Stop Pain Dental Gel to offer instant relief from tooth pain and swollen gums. Launch of Comfy Sanitary Napkins Amrutanjan entered the women's hygiene segment in FY14, and has scaled it up to a Rs. 50 cr - Rs. 100 Cr business in FY22. Distribution Network AHCL’s pain management products are available in ~12 lakh outlets across the country as of Q4 FY22. Comfy’s distribution has reached 3.5 lakh outlets. The Co. has invested in ‘Project M5K’ with the key objective to onboard 5,000 distributors, super stockists, and sub stockists. In FY22, the Company added around 150 super stockists and 1,200 sub-stockists to reach towns/ villages with fewer populations. Strategic Focus The Co. continues to focus on expanding distribution, enhancing global footprint, growing its E-Commerce vertical, and controlling costs. Market Cap ₹ 1,990 Cr. Current Price ₹ 681 High / Low ₹ 775 / 553 Stock P/E 45.2 Book Value ₹ 89.6 Dividend Yield 0.67 % ROCE 19.3 % ROE 14.3 % Face Value ₹ 1.00 Industry PE 31.9 Debt ₹ 0.66 Cr. EPS ₹ 15.1 Promoter holding 50.6 % Intrinsic Value ₹ 337 Pledged percentage 0.00 % EVEBITDA 30.0 Change in Prom Hold 0.00 % Profit Var 5Yrs 16.2 % Sales growth 5Years 11.5 % Return over 5years 16.4 % Debt to equity 0.00 Net profit ₹ 44.0 Cr. ROE 5Yr 21.9 % Profit growth 5.16 % 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:AMRUTANJANLong
by TraderRahulPal
2
Bullish Bottom Triangle - Paisalo Digital LtdA bullish "Bottom Triangle" chart pattern on Paisalo Digital Ltd ( NSE:PAISALO ). This pattern suggests a potential upward movement in the stock price from its current close of 73.45 to a target range of 83.00 - 87.00. A Bottom Triangle pattern typically forms over a period of uncertainty or consolidation, characterized by two converging trendlines as prices reach lower highs and higher lows. During this period, trading volume tends to diminish as the price fluctuates within a narrowing range, indicating market indecision. However, before the triangle reaches its apex, the price breaks above the upper trendline with a notable increase in volume, confirming the bullish reversal of the prior downtrend. This pattern suggests that the stock price may have reached a bottom and is poised for an upward movement. Traders and investors may interpret this as an opportunity to consider buying positions in anticipation of a potential price increase within the indicated target range. It's important to note that while technical analysis patterns can provide valuable insights, they are not guaranteed predictors of future price movements. Therefore, investors should conduct thorough research and consider other factors such as fundamental analysis and market conditions before making any trading decisions. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:PAISALO
by hardeepssethi
Dhani : Breakout Candidate#Dhani #Breakout #Trianglepattern #patterntrading #patternbreakout #momentumtrade Dhani : Weekly (1-3 Months) >> Momentum Trade >> Breakout Soon >> Triangle Pattern >> Good Strength & Volume Build up >> Low Risk High Reward Trade I believe it can move towards 100 Ema (60 Levels) Swing Traders Can lock thier profits at 10% and keep trailing Disclaimer : Charts Shared are for Learning Purpose & not a Trade Recommendation. Consult your Financial Advisor before taking position in it.
NSE:DHANILong
by moneyfesttrading
Zuari Agro Chemicals Ltd - Looks Good!"Bottom Triangle" chart pattern formed on Zuari Agro Chemicals Ltd ( NSE:ZUARI ). The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. This bullish pattern can be seen on the chart. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:ZUARI
by hardeepssethi
#GROBTEA Cha Da Time Lagda Grob Tea looks good as Positional Trade. After a long consolidation, stock is trading in a Inside Bar candle range of 978-825 for almost 4 months now, also smart money are leaving their footprints (check the volume bars). Expecting good move to come soon now. Stoploss - (low risk)828, (high risk)780 *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
NSE:GROBTEALong
by nishant_bhatt
BMW INDUSTRIES LTD - TECHNICAL AND FUNDAMENTAL ANALYSISTechnicals Bullish Momentum - Above Short, Medium and Long Term Moving Averages The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. MACD + RSI POSITIVE Pattern: Symmetrical Continuation Triangle (Bullish) The stock is seeing buyer demand, and is bullish across its technicals compared to the rest of the stock universe Stochastic(20,3) 94.51 Overbought RSC (6 months) 104.33 Outperformer Fundamentals POSITIVE Annual Revenue rose 24.1%, in the last year to Rs 571.5 Crores. Its sector's average revenue growth for the last fiscal year was 9.8%. POSITIVE Quarterly Revenue rose 16.1% YoY to Rs 158.6 Crores. Its sector's average revenue growth YoY for the quarter was 0%. POSITIVE Annual Net Profit rose 57.7% in the last year to Rs 54.5 Crores. Its sector's average net profit growth for the last fiscal year was -53%. POSITIVE Quarterly Net profit rose 81.2% YoY to Rs 15.6 Crores. Its sector's average net profit growth YoY for the quarter was -34.9%. POSITIVE Stock Price rose 60.1% and outperformed its sector by 4.2% in the past year. POSITIVE Price to Earning Ratio is 16.2, lower than its sector PE ratio of 33.3. POSITIVE Debt to Equity Ratio of 0.4 is less than 1 and healthy. This implies that its assets are financed mainly through equity. NEGATIVE Return on Equity(ROE) for the last financial year was 9%, less than 10%, indicating an inefficient use of shareholder's capital to generate profit. NEUTRAL Promoter Share Holding stayed the same in the most recent quarter at 74%. POSITIVE Interest Coverage Ratio is 5.8, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT). POSITIVE Promoter Pledges are zero. Currently valued at Good to expensive valuation PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BSE:BMW
by hardeepssethi
STARCEMENT - Bottom Triangle chart patternBottom Triangle chart pattern formed on Star Cement Ltd . The pattern formed over 25 days which is roughly the period of time in which the possibility price range may be achieved, according to standard principles of technical analysis. Tells Me: The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:STARCEMENT
by hardeepssethi
NIfty Next Levels 20200 or 18800? Let's Read to know my view.Good Morning Mates. Nifty exhibited volatility but achieved a significant milestone by closing above 19600 for the first time in a while. The bullish crossover of the MACD signaling an ongoing bullish trend. Additionally, a bullish crossover in the RSI highlights the index's strength. In the short term, Nifty may target levels of 19800/19991 or even 20200+. On the downside, key support rests at 19308, and the market is expected to maintain a buy-on-dips strategy as long as this support level holds. Additionally we have Seen Triangle Continuation Pattern Breakout on Daily Chart, this is also a positive sign for nifty, i will explain a bit about this triangle pattern here. Q:- What Is the Triangle Continuation Pattern? Rahul:- The Triangle is a continuation pattern using the concepts of support and resistance and price breakouts. Generally, when prices make significant moves, they go through a period of resting. Usually with a Triangle pattern, the price consolidation period consists of higher lows and lower lows, forming the shape of a “triangle”. Q:- What Does the Triangle Continuation Pattern Look Like? Rahul:- Guy's check above the Nifty chart, i have rectified Triangle pattern. Q:-How to Interpret the Triangle Continuation Pattern? Rahul:- When the support and resistance lines begin converging, price can burst out of the consolidation area and it is expected that the price action will continue trending in the direction that prices have been moving previously. Q:- Is Triangle Continuation Breakout Pattern is a Buy Signal? Rahul:- Yes it gives signal to buy when the resistance line is penetrated to the upside. The signal is generally expected to be stronger if prices have been in an uptrend prior to the upside breakout. I hope guy's you have learned now about this Bullish Triangle pattern. 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.
NSE:NIFTYLong
by TraderRahulPal
2