Jindalworld-Do not miss this breakout!Jindalworld is looking very strong.
It is a confluence of horizontal and trendline breakout with heavy volumes.
Valuation is not justified.PE>100. Not a good fundamental pick but purely a technical pick.
VOLUMEBREAKOUT
BALMER LAWRIE - Breakout after 25 years!!BALMER LAWRIE - Breakout in Monthly timeframe after 25 years. The breakout came with huge volumes which indicates a good sign. The company has very strong fundamentals and has a huge upside potential.
SHAILY - 6 Months consolidation BreakoutSHAILY / Shaily Engineering Plastics Ltd
1) Time Frame - Weekly.
2) The Stock has been in a consolidation since (August, 2023) and It has given a breakout & Closed with strong bullish momentum & Huge volume in weekly time frame.
3) The stock may reach its previous Life Time High (478) in short Term.
4) Recommendation - Strong Buy
BIRLA CORPORATION - Swing Trade - 11th January #stocksBIRLA CORPORATION (1D TF) - Swing Trade Analysis given on 11th Feb, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Resistance Breakout - Done ✓
- Volume buildup at Resistance - Done ✓
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #BIRLACORPN #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia #investment
Risky Double Digit - CENTRUM📊 Script: CENTRUM
📊 Sector: Finance
📊 Industry: Finance & Investments
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages giving crossover.
📈 Volume is increasing along with price which indicates volume breakout.
📈 Right now RSI is around 68.
📈 One can go for Positional Trade.
⏱️ C.M.P 📑💰- 37.65
🟢 Target 🎯🏆 - 45
⚠️ Stoploss ☠️🚫 - 35
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Volume Breakout + Double Digit Stock - HATHWAY📊 Script: HATHWAY
📊 Sector: Telecomm-Service
📊 Industry: Telecommunications - Service Provider
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages crossover soon.
📈 Volume is increasing along with price which indicates volume breakout
📈 Right now RSI is around 70..
📈 One can go for Positional Trade.
⏱️ C.M.P 📑💰- 26
🟢 Target 🎯🏆 - 36
⚠️ Stoploss ☠️🚫 - 21
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
GANDHITUBE | Weekly Chart | Rectangle Chart pattern | ATHChart analysis:
Pattern: Rectangle pattern is formed when the consolidation takes place.
Breakout: Rectangle pattern is breakout happened on 24-Jan-2024. Price might comes to 770 for re-test of the BO.
Volume: Spike in volume in BO candle indicating big players are interested.
Trade setup:
Entry price: Between 769.45 and 802.85
Stop loss: Below rectangle pattern i.e., 654.95
Target 1: 957.80
Target 2: 1260.65
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
Tanla Platform- Do not miss!Tanla has given cup and handle breakout and is sustaining the breakout.
We can see good move in stock post closing above 1270
High growth IT stock, decent fundamentals and has given multibagger returns since 2020.
Risky investors shouldn't miss this breakout. Stock can test ATH levels if IT sector remains positive.
Precision Wires India Ltd (Strong Breakout Candidate)Precision Wires India Ltd has given a breakout on a daily time frame. The stock can head towards 155 and 170 levels in the short term. Also, good volumes can be seen on a daily time frame. The stock has support at the 141 level. CMP: 143. #PRECWIRE.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
IFBIND - Beautiful weekly breakout IFBIND - Weekly breakout with huge volumes after 3 years! Great price action with good upside potential. Waiting for a good dip to buy would give a nice 1:2 Risk reward.
RIIL is approaching a strong supply zoneRIIL has given a trendline breakout and is looking good for short term target of 1250.
Try to buy at lower price, around 1025-1050 for good risk reward.
SL should be below 970 DCB.
If the stock manages to give a weekly closing above 1300, we can see 1500+ levels in the stock.
Idea shared for educational purposes only
Rustomjee Looking good for longsRustomjee is risky bet but Looking good for longs. Daily chart is giving breakout from trendline. Good upmove can be seen. Levels given in chart
Capri Global-A breakout you shouldn't miss!Stock has been consolidating in a range from many days.Volume breakout has happened today.
Stock should sustain above 850 for couple of days for confirmation.
Levels mentioned on chart. Highly risky trade.
Cup n Handle Pattern Lovable Weekly Chart : Cup and Handle Pattern formation,
CMP 158.85
Target : 399.15
SL : 110
Risk is yours and Reward is too yours totally.
Reward : Risk Ratio = 6.17 : 1,
Time Frame : 1 to 3 years.
View is educational purpose only.
BUY FSL 127FSL, Firstsource Ltd , 127 has given breakout on daily charts with highest volumes in last 2 years. This mid cap stock is looking now bullish for at least 25% returns with target of 160 to 180. Invalid below 115 on two day closing. This is price volume action
Triangle pattern Ashoka Buildcon Ltd is engaged in the business of construction and infrastructure facilities on EPC and BOT basis. It is also involved in the sale of RMC (ready mix concrete)
Infrastructure stocks are focused
India have massive spending on infrastructure from India govt so
Well under value and prestigious company must acquire at low level to get feature gains
GAIL - Multi-year breakout in Monthly TimeframeGAIL has showcased a remarkable multi-year (16 years) breakout, establishing itself as a standout performer in the financial markets. This breakthrough is not merely a fleeting uptick but signifies a strategic ascent by successfully breaching key resistance levels that had acted as formidable barriers for 16 years.
Worth noting - VOLUMES Surge: What sets this breakout apart is the substantial surge in trading volumes accompanying the upward move. The volume increase provides a compelling validation of the market's confidence and reinforces the conviction behind the stock's newfound trajectory.
Can Paytm reach 1000 with this breakout?The infamous stock of Paytm which was the largest IPO at the time of its listing has eroded IPO investor's wealth by more than 50%.
However, the strong has been consolidating from quite few months now. We have seen multiple buybacks from the founder and promoter in this stock during the same which was a positive sign.
However, near the release of Q4 2023 results, the stock had started its uptrend by forming higher highs, higher lows.
Now, the stock has given a breakout of inverted head and shoulders with heavy volumes last week whose neckline was 750. The stock has given weekly closing above 800 levels which is a big positive for the stock. The stock might face an immediate resistance near 840-850.
One can keep this stock on watchlist for buying near retest of 750-760 levels if there is a retracement for big targets of 990, 1125.
Note:- This idea is shared for educational purposes and should not be considered as a recommendation.
HFCL - TRIANGLE BREAKOUTSL : 72
Target:110-120
1. High Volume
2. Momentum
3. Higher Relative strength
Add 50% now & 50% on pullback between 75-79
HFCL Swing Trade 📈 Trade Analysis: Swing Trade Setup
🔍 Chart Pattern: Identified a promising pennant chart pattern, suggesting potential breakout.
📊 Volume Confirmation: Breakout supported by significant volume, indicating strong market interest.
⚖️ Risk to Reward: Favorable risk-to-reward ratio, providing a good potential for profit compared to the risk taken.
🔄 Trade Duration: Planning for a 6-month swing trade to capture potential long-term gains.
🛑 Risk Management: Implementing a trail stop-loss strategy. Will move the stop-loss to breakeven once the stock reaches the 100 Rupees level.
📢 Disclaimer: Remember, the market involves risks, and this is not financial advice. Always do thorough research and consider consulting with a financial advisor. Trade responsibly.
ADANIPOWER - AnalysisAdani Power Limited is a holding company engaged in providing electric power generation by coal-based thermal power plants and coal trading.
Financials:
TTM EPS: 27.81
TTM PE: 10.01
P/B: 5.74
Face Value: 10
Mkt Cap (Rs. Cr.): 107,415
Sector PE: 14.22
Book Value Per Share: 48.49
News: Adani Power, the Adani group company, on Thursday(03/08/2023), had posted a net profit of ₹8,759 crore for the first quarter of FY24, registering a robust growth of 83% from ₹4,780 crore in the same quarter last year.
Positives:
Strong Momentum: Price above short, medium and long term moving averages
Company with high TTM EPS Growth
Strong Annual EPS Growth
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Growth in Net Profit with increasing Profit Margin (QoQ)
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Increasing Revenue every quarter for the past 3 quarters
Increasing profits every quarter for the past 2 quarters
Annual Net Profits improving for last 2 years
Book Value per share Improving for last 2 years
FII / FPI or Institutions increasing their shareholding
Negatives:
Companies with High Debt
Inefficient use of shareholder funds - ROE declining in the last 2 years
Rising other income, and low operating income
Declining Net Cash Flow : Companies not able to generate net cash
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
Great volume breakout in Balaji AminesBalaji Amines almost gave a long pending breakout today.
High level of volume seen today, adding to confidence for its breakout soon.
The stock can be considered for buy above today's close, 2208, with an SL of the trendline shown or simply 2295.
First target will be 2600 where resistance can be seen.
Disclaimer: I'm not a registered analyst. I'm only sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
Tracxn Technologies (Breakout Soon Stock)Tracxn Technologies can give a breakout above the 103.40 level. It has a possible side of 121, 136. One can place a stop loss of 93 levels on a weekly closing basis. Also, good volume can be seen on weekly time frames. 103 can act as a support level. The stock needs to close above the 103 level on a weekly time frame.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation
