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GSK Pharma - Chart of the MonthNSE:GLAXO has a beautiful structure on the Monthly Timeframe to Qualify for my Chart of the Month idea, it saw Heavy Volumes around the marked Key Levels which broke out and retested went to ATM and Again Retested and Bounced from that Place With Volumes in Last Month. Also if we Use Fibonacci retracement it bounced from Crucial 0.618 Levels. About: NSE:GLAXO researches, manufactures and makes available a broad range of medicines and vaccines that benefit people, It's a Leading Global healthcare company part of GlaxoSmithKline plc (GSK), a British multinational pharmaceutical company headquartered in London. Trade Setup: Could be a good Positional Trade with those Key Levels as Major Support and AIM for New ATH. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:GLAXOLong
by Karanshah137
Technical Analysis on SBI CardSBICard is currently exhibiting several noteworthy technical indicators that suggest a potential bullish trend is emerging. 1. SBICard has experienced a consolidated phase over the past three years, during which its price movements have remained contained. Recently, the stock has broken through a significant weekly trendline, indicating a shift in market sentiment. This breakout is crucial, as it often signals the end of a consolidation period and the potential for a new upward trajectory. 2. The weekly Stoch RSI has surpassed the critical threshold of 70. This level is typically associated with overbought conditions; however, in the context of a breakout, it can also indicate strong momentum. Traders should consider that while a high RSI may raise caution, it does not necessarily imply an immediate reversal, especially if accompanied by strong volume and positive price movement. 3. Approximately two weeks ago, a MACD crossover occurred, which is often interpreted as a bullish signal. This technical indicator has acted as a reliable predictor of trend changes in the past, and its recent crossover reinforces the notion that upward momentum may be gaining strength. 4. Last week, SBICard experienced notably high trading volume, which adds confirmation to the breakout. An increase in volume typically suggests that there is strong interest from buyers, lending credibility to the price movement. When breakouts are coupled with high volume, they are generally considered more sustainable. 5. An analysis using Elliott Wave Theory indicates that the prior five-wave downtrend may have completed its cycle, paving the way for corrective waves and potentially an upward trend. This framework suggests that the stock could be in the early phases of a new upward wave cycle, which could enhance bullish prospects. A pivotal level to watch is the 200-period weekly EMA, located around the price of 813. A sustained positive close above this EMA would be a bullish signal, reinforcing the upside potential. If this level holds and the stock continues to advance, the next significant resistance level is seen around 933. On the downside, traders should note a short-term support zone at 753. This level will be crucial for any potential pullbacks, as a breach below this support could negate some of the bullish outlook and indicate a need for further analysis. From a risk management perspective, the current scenario presents a favourable risk-to-reward ratio of approximately 1:2. Disclaimer: The information provided in this stock analysis is for informational and educational purposes only and should not be construed as financial advice. Always conduct your own research before making any investment decisions.
NSE:SBICARDLong
by NiftyNotions
CUMMINS INDIA - Swing Trade Analysis - 7th August #stocksCUMMINS INDIA (1D TF) - Swing Trade Analysis given on 7th August, 2024 Pattern: SYMMETRICAL TRIANGLE SETUP - Strong Pullback candle from Support Trendline - Done ✓ - Weekly Volume buildup near Resistance Trendline - Done ✓ - Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress Please Note: - This is an early entry to give for a better RR - Resistance Trendline Breakout - In Progress * Disclaimer
NSE:CUMMINSINDLong
by TradeRyteStockz
RUSHIL DECOR - Swing Trade Analysis - 3rd August #stocksRUSHIL DECOR (1W TF) - Swing Trade Analysis given on 3rd August, 2024 Pattern: SYMMETRICAL TRIANGLE BREAKOUT - Weekly Resistance Trendline Breakout & Retest - Done ✓ - Strong Pullback candle after retest - Done ✓ - Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress Please Note: - There is a stock split expected on the 9th of August - Only working on the momentum for this trade * Disclaimer
NSE:RUSHILLong
by TradeRyteStockz
MOL - TURNAROUND POTENTIAL WITH A FALLING WEDGE BREAKOUTHi All, The idea is about Meghmani Organics ABOUT THE COMPANY Founded in 1986 as M/s Gujarat Industries, the company was incorporated in 1995 as Meghmani Organics Limited. The company manufactures Pigments and Agrochemicals through its 6 manufacturing facilities located in Gujarat. The company is amongst the top 3 Phthalocyanine based pigment players in the world and amongst the top 10 producers of pesticides in India. Meghmani Organics Ltd (MOL) manufactures green and blue pigment products, which are used to manufacture printing ink, plastic, paints, textiles, leather, and rubber. TECHNICALS The stock has been in a falling wedge pattern & has given a breakout. The breakout was sustained & has been testing first level of resistance at 88.65 multiple times. Once it breaks it can move to 93 where next resistance lies Fundamentals Not a good last year but sales/profit showing symptoms of turnaround which is evident in price action Thanks, Stock-n-Shine
NSE:MOLLong
by Stock-n-Shine
CAMS [strong multi-year breakout]The chart indicates a strong multi-year breakout with confirmation from the volume spike . Utilizing the pitchfan tool, the key levels and targets for swing trading have been identified. Always ensure proper risk management and keep an eye on volume trends to adjust your strategy accordingly. Breakout Confirmation: The price has broken above a significant resistance level as indicated by the upper blue pitchfan line. The volume spike (as shown by the green arrow) confirms the breakout with strong buying interest. 2) Pitchfan Lines: Pitchfan lines provide potential support and resistance levels. The price has successfully broken through multiple resistance lines, indicating strong upward momentum. These lines can be used to identify future support levels in case of a pullback. 3) Support Levels : The previous resistance levels, now turned support, will be crucial in case of a pullback. These are typically around ₹4000 and ₹3000 (orange and blue pitchfan lines respectively). 4) Targets: Short-term Target: Aim for ₹5500 Medium-term Target: Aim for ₹6500. 5) Stop Loss: Place a stop loss just below the nearest support level to manage risk. For example, just below ₹4000 or the nearest pitchfan support line. 6) Volume Consideration: Continue monitoring volume to ensure the breakout is supported by strong buying interest. A decline in volume might indicate a potential reversal or consolidation. 7) Risk Management Position Sizing: Use appropriate position sizing to manage risk, considering the distance to your stop loss level. Trailing Stop: Consider using a trailing stop as the price approaches the 1st TRG and 2nd TRG to lock in profits while allowing for further upside potential. for MORE check in my Tv-id " in.tradingview.com " If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
NSE:CAMSLong
by asAMOLSUTAR
MOTHERSONThis a multi bagger stock . Huge potential. Multi-year breakout try .. with high volume Large cap company with moderate risk my study point company in India holdings :-))) a) Promoters :- 65 % b) mutual fund :- 13% c) FIls & DIIs :- 12% d) Public 10% Motherson Sumi Q3 Results: Revenue Jumps 25%, Ebitda Up 46% To Highest Ever for MORE check in my TradingView ID If You LIKE MY Idea ......Boost... its "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
NSE:MOTHERSONLong
by asAMOLSUTAR
3
LICHSGFIN- Breakout of Resistance - Done ✓ - Volume Spike break Resistance - Done ✓ -break Consolidation of cup and handle which good move of that depth. SL always Paid ... for MORE check in my TradingView ID If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
NSE:LICHSGFINLong
by asAMOLSUTAR
3
sunTV [cup & handle] SUN TV Network Ltd. (NSE: SUNTV) on a monthly timeframe. The chart highlights a "cup and handle" pattern, which is a bullish continuation pattern . Here's a detailed breakdown of the analysis: Cup and Handle Pattern: The chart shows a rounded bottom forming the "cup" and a smaller consolidation forming the "handle." This pattern suggests a potential bullish breakout. A volume spike accompanies this breakout, adding validity to the move. Institutional Activity: The annotations highlight areas where institutional sellers and buyers were active. Institutional sellers were active around the peak before the cup formation. Institutional buyers appear to be active around the breakout area. Price Targets (TRG): The chart indicates two price targets based on the breakout. The first target (1st TRG) is around 1000 . The second target (2nd TRG) is around 1400 . Support and Resistance Levels: The breakout level around 778.95 INR now acts as a support level. The previous resistance level, where the breakout occurred, is also marked. Potential Future Scenarios: Bullish Scenario: If the breakout holds and the price continues to rise with increasing volume, the stock may reach the first target around 1000 Further bullish momentum could push the price to the second target around 1400. Bearish Scenario: If the breakout fails and the price falls back below the support level (778.95 ), the stock could retest lower levels within the handle formation. for MORE check in my TradingView ID If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
NSE:SUNTVLong
by asAMOLSUTAR