KRISHNADEF posted growth results from strong sectorKrishna Defence & Allied Industries Ltd results:
■ Sales 71 cr, QoQ 102%, YoY 68%
■ Net Profits 7, QoQ 172%, YoY100%
TA:
-VCP in Action
-One Simple Horizontal Line BO anticipation
Volume
Cup and handle pattern breakoutGood volume build up in the daily and weekly time frame.
Cup and handle pattern breakout with good volume, wait for retest or breakout of current candle high in daily time frame for opportunity.
NOTE: I do my analysis, do yours before trade.
Hemisphere Properties of India, a perfect VCP VCP stands Volatility Contraction Pattern by Mark Minervini (One should read his all books)
Perfect VCP (15W-39/4-4T), meaning price n volume contracting for 15 weeks from 39% to 4% with 4 contractions(39%, 19%, 15%, 4%)
Happy Forging, recent IPO name posted solid results-Posted good growth results
-Long base after IPO, breakout about to happen
-Cheat entry was near 994ish level
-Green Vol > Red Vol
Alicon-ATH breakout done after Cup & handle consolidationAlicon has given ATH breakout after 6 months of consolidation.
Stock can give almost 300 points move if the breakout is successful.
ATH breakouts are risky. Book profits quickly.
Not a recommendation, just a personal opinion
Falling wedge breakout conformedFalling wedge pattern breakout with good volume.
Wait for retest for conformation. Can give easy 10 to 15 % in swing trade if breaks the breakout candle low then the breakout has failed.
NOTE: I do my analysis, do your before trade.
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.
MTAR: Becoming bullish after long correction For educational purpose only.
If it corrects further from this point, drawn channel can be act as support and one can average the price for more potential.
Zydus life science cup and handle PatternIt is trading at 682. It has crossed it neckline of 680. Volume is really good. Daily, weekly and monthly RSI above 60 .
If its manage to give weekly closed above 680 then we can consider this as cup and handle breakout
1st target :770
2nd target:1000
30 week moving average as stop loss
This is for educational purpose. Not a buy recommendation
AXISBANK RECTANGLE BREAKOUT WCBAxisbank rectangle box breakout
#weekly basis good volume
and rsi,trading above 20ema
#target 1230- 1350
EDUCATIONAL IDEA
TRIL, a stock setting up from strong sector.-Strong sector with tailwinds
-After strong move from base:152% in jjust 35 days, didnt fell much.
-Consolidating with tight closes n low vol.
-Strong Relative Strength
-Growth Company: Sales up, OPM improved, EPS growth.
Great Pick, Ready to blast.
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.
GARDEN REACH Cmp 958 Triangle BOGARDEN REACH Cmp 958 dated 23-4-2024
Weekly Chart
1. Triangle BO @ 975
2. Price Rise with Volumes
Buy above 975 & dips till 900 target 1350 SL 820
it is just a view, please trade at your own risk.
MazdockDisclaimer : I'm not a SEBI registered analyst, Views are personal not any BUY or Sell recommendation.
I observed that "Mazdock" has broken out on the daily timeframe after a period of consolidation. I anticipate an upward movement in the near future based on the price action and volume today. Targets are Target-1 2820, Target-2 3000, Stop loss levels will be determined by your entry so plan accordingly, For more analysis please refer to the chart.
Note : I will enter after a pullback because I noticed the breakout a bit late.
Metropolis-This breakout can bring momentum back!Metropolis had been a multibagger during Covid but corrected almost 100% post 2022.
Stock will give good returns once a weekly closing is seen above 2000.
Fundamentals are strong. Healthcare is a good sector for long term investing.
Keep stock in watchlist.
Lupin-Don't miss this picture perfect flag breakout!Lupin has given good flag breakout today. A weekly closing above 1700 will confirm the same.
ATH should be minimum target once breakout is confirmed.
Stock has been in a big bull run since 2023 and looks ready for newer ATH.
Pharma stocks have risk of negative US FDA observations impacting the stock prices.
Check Green Vol spikes Demand is very high compare to supply. When market was showing weakness, it consolidate with selling vol drying up. Today gave breakout(BO) of 3488 level with good Vol.
If one masters Price-Volume action, market seems easy.
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.
Dabur - the next ITC Dabur
- Year high volumes after earnings candle
- Bounce from same breakout area
- Fmcg sector is bottoming out
PNC Infra waiting for results to move!PNC Infra:
-Tested 460-470 range several times but didn't fell much from there recovering fast, showing supply from resistance is not strong.
-Tight closes near this Breakout (BO) level.
-A long base forming, means can give long breakout (check Gold n Silver how they from long base consolidation gave big move).
-Check red arrows what volumes are doing on falls.
Waiting for results announce.
ATH breakoutGood volume buildup in daily time frame.
All time high breakout with good volume compare to previous few candles.
If the breakout sustain with good retest can give good return.
Railway stocks showing good momentum.
NOTE: i do my analysis, do your before trade.
ATH breakoutGood volume buildup in daily time frame.
All time high breakout with good volume compare to previous few candles.
If the breakout sustain with good retest can give good return.
NOTE: i do my analysis, do your before trade.
GPPL, waiting for results to perform?Another stock from Shipping n Port family yet to perform after good move by Cochin Shipyard, SCI, Mazagon Dock, GRSE, Adani Ports.
-Green Vol > Red Vol, clearing on falls vol is low compare to up days.
-Good recovery from May start correction.
-Tight closes near Down Trendline Breakout (DTL BO), tested multiple times.
-VCP (Volatility Contraction Pattern by sir Mark Minervini) also playing out: 13W-23/4-3T
Lets see how it perform after results (before results trade can be risky so always waiting for results)
