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Let it Rain!Technical Analysis of Rain : Over the past two years, Rain's price has been in a consolidation phase following a significant 300% increase from April 2020 to July 2021. It's important to note that this price surge occurred alongside a broader market rally during the same period. Positive Indicators : The weekly and monthly charts highlight some encouraging signs. Notably, there has been a sudden increase in trading volume , and the MACD lines and bars have been flatlining on the monthly timeframe, which may indicate a potential shift in momentum. Key Support and Resistance Levels : Support: 140 Resistance: 190, 225, 255 Disclaimer : This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
NSE:RAINLong
by sandeepbalachandran
#RUBYMILLS on the weekly chart analysis#RUBYMILLS Weekly Chart Analysis 📊 ◽️ Volatility Contraction : A tightening of price range has been observed. ◽️ Volume Surge : Recent increase in trading volume suggests growing interest. ◽️ Breakout Potential : Breakout with volume confirmed on both weekly and monthly timeframes. ◽️ Short-Term Target : Potential for a 25-30% move, with a target around 30%. 📌 Disclaimer : This analysis is for educational purposes only and is not a buy or sell recommendation. Keep an eye on this one! 📈 Keep learning. All the best.
NSE:RUBYMILLS
by breakboxtrader
Trendline breakout in Jubilant IngreviaJubilant Ingrevia is a multibagger stock from 2021-22 bull run which has now corrected to a fair value. The stock has given a trendline breakout as well as a breakout from a supply zone with good volumes. Also, the stock is already forming higher highs, higher low,. Keep this stock in watchlist as the next supply zone is at 500-510 levels. However, this is a very risky stock to invest and the next strong support is deep near 390-400 levels. One can try to buy the dip near 425 for a better risk reward . Note:-Idea has been shared for educational purposes and should not be considered as a recommendation.
NSE:JUBLINGREALong
by chartistamey
Thyrocare Technologies in Buying Zone with Strong Sales GrowthNSE:THYROCARE Thyrocare Technologies has shown a strong breakout after a long period of consolidation, supported by robust sales growth and consistent profitability. The stock is in a buying zone with strong volume, presenting a promising opportunity for investors. Fundamentals: Strong sales growth Good dividend player Consistent profitable growth Technical: Strong volume peak after consolidation, indicating potential buying interest Stock is in a buying zone May retest, so consider buying in small lots Good liquidity
NSE:THYROCARELong
by hrishikeshrahalkar
MMTC- Technically visible U-turnMMTC is a company which has one of the worst fundamentals among all PSUs News of company being scrapped were in market couple of months ago. Only investors with high risk appetite and disposable money should be interested in this stock. Technically, a monthly closing above 70 will be confirmation for huge breakout. Previous attempt failed but now we have only 3 sessions so worth the risk for big targets. Good volumes are seen in past 6 months which means something big is cooking, either upside or downside. Be prepared for both if interested to invest. If breakout is genuine, definitely huge upside potential as ATH is above 1000 which is more than 15x of CMP .
NSE:MMTCLong
by chartistamey
2
PVR INOX - Rising from the sleep!PVR has been running sideways for months after declining for a long time. PVR is making a W pattern during its sideways run and accumulation phase. Now, PVR is showing good bump in price along with rise in volumes. This sounds like a promising situation. First target is 1450 which is also a point that will give a breakout from it's consolidation zone. CMP: 1397 Breakout Point: 1450 SL:1350, revise it to 1445 when price crosses 1500. Target: 1590 and beyond. Stock can be bought at its breakout level. But investor has patience for medium term then even CMP seems good to buy on, as the volumes are strong and are reflecting high probability for breakage of breakout level. Remember: SLs are essentials. Disclaimer: I'm not a registered analyst. I'm just 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.
NSE:PVRINOXLong
by anuragcoma15