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Wockpharma: DTL BO?-if Nifty Pharma breakout from long Parallel Channel (PC), Wockpharma can be one of pharma companies to perform, as it also forming long base and, Long Base = Long Breakout . -DTL BO anticipation (Down Trendline Breakout), tested 4 times but didnt fall with volumes. -Clearly, Green vol > Red vol -VCP pattern (15W-22/6-3Ts) -Earnings due on 28th May Setup is solid lets see how it work out. Cheat entry (Cheat entry are basically early entry in anticipation of BO) can be around 564ish level BO if day starts with Strong Start (gap up without or barely touching previous day low) But one should wait for confirmation, if it breakout good then it can be confirmation for other stocks too as there are and always will be many opportunities in the market, only one have to seek.
NSE:WOCKPHARMALong
by takmanish007
RPTECH a IPO stock's results out, what next for the stock?Results: Decent comeback quarter with solid revenue growth which reflects well with EBITDA n PAT growing at better pace Rev at 3002cr vs 2258cr PBT at 45cr vs 37cr, Q3 at 33cr PAT at 47cr vs 23cr, Q3 at 24cr Includes 10cr one off income OCF at -102cr vs -114cr TA: -Check vol on falls(red arrows) how it is decreasing means supply drying out -DTL BO (Down Trendline Breakout) anticipation -VCP in play Buying area above Pivt Point (PP: least area of resistance) 336.8 (Cheat entry) with anticipation of BO.
NSE:RPTECHLong
by takmanish007
HFCL with EPS growth can make move from here?HFCL is in business of telecom infrastructure. With huge expansion of 5G and Reliance subsidiary JIO, Airtel, Indus Tower doing good, HFCL shareholder can also enjoy the piece of pie too. - With making HHs n DTL (Down Trendline) testing 3rd time, BO (Breakout) can happen. -Green Vol > Red Vol -Better n cheat entry was in 97-98 range when "Signal Candle" gave Strong Start (SS: when stock starts gap up n not/barely touching previous day low (PDL)) Lets see how it perform.
NSE:HFCLLong
by takmanish007
LIC Hosuing Fin testing weak resistance LICHSGFIN ready to break many time tested resistance which make it more prone for BO(breakout). And sister stocks(by Jesse Livermore, stocks from same sector) : HUDCO n PNB Housing already gave good moves. And right now sister stocks are moving together: railway stocks, defense, infra. -Clearly Green Vol > Red Vol -Good Shakeout: when major ema undercut and rally (MAU&R) here 50 ema. -Signal Candle: when stock move significantly with great vol, signifies buyers are in action
NSE:LICHSGFINLong
by takmanish007
FSN with YoY growth results, ready for Stage 2?FSN posted good YoY results with expanding offline too, this can be super combo: online(e-com) + offline for the future growth for the company. -right now, setup is in stage 1 but in uptrend so VCP concept can apply VCP : 20W-30/2-4Ts (Contraction for 20 weeks, contracting from 30% to ~2% n total contraction 4 times) -check Red Arrows how supply is flushing with every fall (Flushing of supply is imp for stock to blast) Green Vol > Red Vol -DTL BO: Down Trendline Breakout (Orange Circles), its forth time stock is testing this TL. N every time go up there with good volume. -Moving Avg: are pointy upwards (10, 21, 50 emas) -50 ema MAU&R (Moving Average Undercut n Rally) a GOOD Shakeout, read about it from here: OwlTraders Glossary (cant share link, will comment) Overall, liking this setup. But one should wait for confirmation of stage 2 too, if stock move good from here n form a base then its a kinda confirmation.
NSE:NYKAALong
by takmanish007
#Ethereum Eyes Retest: #ETH/USDT Key Levels to Monitor#ETH/USDT situation, focusing on the potential retest levels due to decreasing volume and the formation of a bearish shark pattern: #ETH/USDT Analysis: Decreasing Volume and Bearish Shark Pattern Indicate Potential Retest Levels ### Decreasing Volume Volume is a crucial indicator of market strength. When the price of an asset rises while the trading volume decreases, it often suggests that the upward momentum is losing steam. In the case of ETH/USDT, the decreasing volume indicates that the buying pressure is weakening, which may limit the potential for reaching higher price targets. ### Bearish Shark Pattern The bearish shark pattern is a harmonic pattern that signals a potential reversal or correction in the price of an asset. This pattern typically consists of five points labeled as O, X, A, B, and C, and follows specific Fibonacci retracement and extension levels. For ETH/USDT, the formation of a bearish shark pattern suggests that the price is likely to face resistance and could be due for a retest at lower support levels. The bearish shark pattern, combined with the decreasing volume, strengthens the case for a potential pullback. ### Potential Retest Levels Given these technical indicators, ETH/USDT might retest certain key support levels: 1. **Retest Around $3,030** - This level has acted as a significant support in recent trading sessions. If Ethereum's price retraces, it is likely to find initial support around $3,030. If the price manages to hold at this level, we might see a temporary bounce or consolidation. 2. **Retest Around $3,025** - If the $3,030 support level fails to hold, the next critical support level to watch is around $3,025. This level has historical significance and could act as a stronger support. A retest at this level would be crucial in determining whether ETH/USDT will stabilize or continue its downward trend. #Conclusion #ETH/USDT is currently showing signs of potential weakness with decreasing volume and the formation of a bearish shark pattern. Traders should be prepared for possible retests at $3,030 and $3,025. Monitoring key technical indicators and market sentiment will be crucial for making informed trading decisions during this period.
BINANCE:ETHUSD.P
by crypto_vulture_signals
Opinion: NTPC - 400 MarkNSE:NTPC gains traction over a past few months. Company tends to improve the energy generation process and also exploring clean energy generation. For long term, NTPC holds value and growth potential - Energy demand for future will rise by considering consequent heat wave across India due to global warming effect. Also expansion of Industries, extra luxury celebrations, parties will add benefits to Energy production companies. * NTPC is a Top Indian Independent energy producer, with 25% of total market share of entire energy sectors. Trading Setup: * NTPC - May trade with the range of Rs.300 - Rs 400. My Reasons- After it crosses Rs.220 Mark, Volume starts to build up. So, current negative sentiment as of 28/Apr/2024 - put fear in overall market but NTPC holds with the range of 300-400. Breaking 300 is also a buying opportunity for every drops. Holding negative position can compensated through its high dividends. But I'm Long on NTPC which would break the upside 400.
NSE:NTPCLong
by uzumakisensi
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