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ALLSEC / Allsec Technologies - PREVIOUS ALL TIME HIGH BREAKOUTALLSEC 1) Time Frame - Weekly and Monthly. 2) Stock hit the previous Life time high 747.90 on 2022, January and Now the stock has broken It's Life time high 747.90 with huge volume & strong bullish candle in weekly and closed at It's All TIme High. 3) Option 1 - With the strong weekly close in All Time High, Buy at this current level. Option 2 - Wait for the strong bullish Monthly candle's close with huge volume above the price 747.90. 4) Recommendation - Strong Buy
ALong
by SHRIHARII
Falling Trendline Breakout & Double Bottom Pattern in VoltasHello Traders, i have brought another analysis on a pattern breakout which called (Falling Trendline Breakout & Double Bottom Pattern Breakout). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this next time, at least you guy's will be able to trade. So Let's start:- Q:- What is Double Bottom? Rahul:- It is a Bullish reversal pattern that appears after a defined downtrend and signifies a meaningful reversal on completion of the pattern. This Pattern is easy to spot on chart. It resembles with English letter "W". This pattern shows that sellers have lost the battle and the price is likely to go up from here on. Now, a long entry could be taken once the price breaks the neckline o the upside, but guy's here we have not seen proper neckline breakout, But still momentum is bullish from here, so in the anticipation of neckline break, we have taken our best entry in the range of 880-850, and we have kept our stop loss at 778. Guy's so this was the Double bottom pattern setup. So if you see this type of pattern in any stock you can trade now accordingly. So now let's focus about company background. Voltas is engaged in the business of air conditioning, refrigeration, electro - mechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore) and engineering product services for mining, water management and treatment, construction equipments and textile industry. Market Cap ₹ 28,789 Cr. Current Price ₹ 870 High / Low ₹ 994 / 737 Stock P/E 87.1 Book Value ₹ 165 Dividend Yield 0.49 % ROCE 9.74 % ROE 4.42 % Face Value ₹ 1.00 Debt ₹ 651 Cr. EPS ₹ 4.70 PEG Ratio -5.52 Promoter holding 30.3 % Intrinsic Value ₹ 126 Pledged percentage 0.00 % EVEBITDA 42.8 Important levels for Voltas Ltd. Buy in between 880-850. Targets we can see 1047/1332/1460+ Keep Stop loss at 778 Price is above 200 EMA( Even we got Breakout of 200 EMA on friday session). We have seen Proper Breakout of Falling Trendline Pattern and Double bottom also. Price is sustaining above breakout trendline. MACD and RSI has given bullish crossover (I have not placed RSI here as i want chart neat and clean but i have analysed already) 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:VOLTASLong
by TraderRahulPal
8
Godrej Industries: Seeding Prosperity in Every Chart 📊🌿Asset: Godrej Industries (GODREJIND) Timeframe: Weekly and Daily Technical Analysis: Weekly Timeframe: The price on the weekly timeframe is indicating a bullish trend, highlighting potential upward momentum in the mid to long term. Daily Timeframe: Similarly, the daily timeframe is showing positive signals, supporting the optimistic outlook for GODREJIND. 50 EMA (Exponential Moving Average): The 50 EMA is demonstrating strength, signaling a readiness for an upward movement. Trade Rationale: The technical analysis on both weekly and daily timeframes aligns with a bullish sentiment. Consideration of the sector's strength and market cap adds confidence to the trade, expecting favorable market conditions for GODREJIND. GODREJIND is currently in a demand zone, providing additional support for a potential upward movement. The 50 EMA acts as a supportive indicator, indicating potential strength for an upward trajectory. Trade Parameters: Entry Point: Within GODREJIND's demand zone. Stop-Loss: Set at a level that respects the demand zone and ensures effective risk management. Take-Profit: Targeting a conservative upward movement of 20% to 50%. Exit Strategy: Consider exiting the trade if there are significant shifts in broader market conditions or if the original technical analysis signals are invalidated. Risk Management: It's essential to manage risk effectively. Consider position sizing and ensure that the risk-reward ratio aligns with your trading strategy. Disclaimer: This is not financial advice. The post is for educational purposes only. Please do your own research and consider your risk tolerance before making any trading decisions.
NSE:GODREJINDLong
by nidinsree
BRITANNIA: Forming Symmetrical Triangle PatternBritannia Industries Ltd is forming a Symmetrical Triangle Pattern as it is about to give a breakout from 4600. Based on the pattern, one can enter around 4600 after the breakout and target can be set around 6250-6300 with Stoploss to be set around 4200. This gives us risk to reward ratio of 3.99. Pattern is forming on weekly chart with horizon of 2-3 year. Disclaimer: This idea is only for education purpose, Please consult your financial advisor. I am not SEBI registered.
NSE:BRITANNIALong
by paras0408