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Showing Strength with RSI Breakout📈 Stock: Voltas (NSE:VOLTAS) 🔍 Closing Price: 1284.10 📊 Pattern: Bullish Engulfing after Bullish Piercing (17.02.2025)-Bulls taking charge! 📉 Technical Signal: Strong Bullish Candle + RSI Breakout Key Observations: ✅ Bullish Engulfing confirms buyer strength. ✅ RSI Breakout, signaling strong momentum. ✅ Attempting to move out of the weak zone. Key Levels to Watch: 🔹 Support Zones: 1311 – 1338 – 1388 🔹 Resistance Zones: 1234 – 1185 – 1158 Trading Plan: 📌 Sustained move above 1311 could trigger further upside toward 1338 and 1388. 📌 Weakness below 1234 may bring downside pressure.
NSE:VOLTASLong
by simpletradewithpatience
Strong Bullish Breakout📈 Stock: Tornt Pharma (NSE:TORNTPHARM) 🔍 Closing Price: 3120.55 📊 Pattern: Bullish Engulfing & Strong Bullish Candle 📉 Technical Signals: RSI Breakout | EMA 200 Crossover Key Observations: ✅ Bullish Engulfing confirms buying momentum. ✅ RSI Breakout signals strength. ✅ EMA 200 Crossover, indicating potential trend continuation. Key Levels to Watch: 🔹 Support: 3027 – 2934 – 2882 🔹 Resistance: 3171 – 3223 – 3316 Trading Plan: 📌 Above 3171, potential upside towards 3223 and 3316. 📌 Below 3027, caution as weakness may extend to 2934.
NSE:TORNTPHARMLong
by simpletradewithpatience
Strong Bullish Momentum with EMA 200 Crossover + RSI Breakout📈 Stock: Mazagon Dock Shipbuilders (NSE:MAZDOCK) 🔍 Closing Price: 2180.10 📊 Technical Signals: ✅ Strong Bullish Candle, signaling strong buying interest ✅ Bullish Engulfing pattern adds strength to the trend ✅ EMA 200 Crossover, indicating trend strength ✅ RSI Breakout, confirming bullish momentum Key Levels to Watch: 🔹 Support Zones: 1999 – 1819 – 1721 🔹 Resistance Zones: 2278 – 2377 – 2557 Trading Outlook: 📌 Sustained move above 2278 may open the path towards 2377 and 2557. 📌 If price dips below 1999, a retracement toward 1819 is possible.
NSE:MAZDOCKLong
by simpletradewithpatience
MindaCorp - Strong Bullish Momentum with EMA 200 & RSI Breakout📈 Stock: Minda Corporation (NSE:MINDACORP) 🔍 Closing Price: ₹548.05 📊 Technical Signals: ✅ EMA 200 Crossover – Indicating trend strength. ✅ RSI Breakout – Suggests increasing buying momentum. ✅ 5x Volume & Price Change – Strong participation from buyers. Key Levels to Watch: 🔹 Support Zones: ₹506 – ₹464 – ₹436 🔹 Resistance Zones: ₹576 – ₹604 – ₹645 Trading Plan: 📌 Above ₹576, price may move towards ₹604 and ₹645 if momentum sustains. 📌 Below ₹506, watch for weakness and possible retracement to ₹464.
NSE:MINDACORP
by simpletradewithpatience
WIPRO - MULTI YEAR BREAKOUT - WEEKLY CHARTWipro has broken multiyear Resistance at weekly chart and consolidating. It is also making VCP pattern at daily time frame. It is looking strong. If it breaks 324 then there is probability of a good upside move. Keeping in mind the current market situation SL is must. Finding right support and resistance are important. If you like my analysis, please follow me as a token of appreciation :) in.tradingview.com/u/SatpalS/ For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
NSE:WIPRO
by SatpalS
Correction not over in ITTCS CMP -3784 I had stated before that IT and Pharma is also weak and they will also correct. They have started late and will correct further. Elliott- the iiird wave of C of the zig zag corrective pattern is underway. Below 3760 we will see 3680 and 3590. Nifty IT vs Nifty 50 - on the right is the ratio chart. See how the IT performed better than Nifty during the sharp sell off. Now its time for Nifty 50 to do better. Which also means the correction in IT is still not done.
NSE:TCS
by singh17vivek
Airtel Strong Q3 and Uptrend NSE:BHARTIARTL is showing a good uptrend with good Q3 Numbers. Revenue growth was driven by strong underlying momentum in India, sustained constant currency growth in Africa, and the consolidation of Indus Tower Limited, effective 19 November 2024. Net profit increased significantly due to an exceptional net fair value gain on Indus Tower and a forex gain due to currency appreciation. Capex for FY25 is expected to be lower than FY24, and that would expand in FY26. Fibre rollout continues to be a key area of focus for the company. About: NSE:BHARTIARTL is one of the world’s leading providers of telecommunication services. It is in 18 countries, including India, Sri Lanka, and 14 African countries. F&O Activity: Long Buildup in Futures with 1720 CE Gaining Significant OI. Trade Setup: It looks like a good 1:1 trade setup, with the recent base as a strong support zone, the RSI and MACD trending upwards, and the trendline being respected. Target(Take Profit): Around 1720 Levels for Swing & 1842 for Positional Trader. Stop Loss: Entry Candle Low or Trendline for Swing Trader and Recent Base for Positional Trader. 📌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 below 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:BHARTIARTLLong
by Karanshah137
Gold (XAU/USD) Bullish Breakout minimum till $3,000Gold has recently crossed its all-time high once again, fueled by global uncertainties and a potential trade war pushing prices higher. Entry: Near $2,935 after a successful breakout and retest. Stop-Loss: Below the support zone at approximately $2,910. Take-Profit: Targeting the psychological level of $3,000. Risk-Reward Ratio: 1:1 minimum with an estimated 80% probability of success. Fundamental Factors: Ongoing geopolitical tensions, including Ukraine-Russia peace talks, which remain uncertain, and trade war concerns, both favoring gold's upside momentum.
FX:XAUUSDLong
by nth_trader
GOLD MCX AT ALL TIME HIGHS, WHATS NEXT ?GOLD MCX: GOLD MCX has crossed at time highs today (19-Feb-25, Wednesday) and Continue to Rally upwards. There are many reasons for GOLD to head higher, but will mention only Technical view (Via Chart) on GOLD. Looking at the Technical Chart of GOLD MCX. It can be clearly seen Gold has breached its resent resistance levels of 86300. Till GOLD MCX holds above 86300 Levels one should stay long on the GOLD MCX with stoploss below 86200. If we look at the GOLD STOP COMEX (CMX) Gold has crossed Resistance level of 2939 and till it holds above 2939 Level one should Stay on the Long Side on GOLD.
MCX:GOLDM1!Long
by JustProfitPlay
TCPLPACK - Breakout Stock 🔹 TCPL PACKAGING – Gaining Strength! 🚀 TCPLPACK is displaying strong momentum and a positive technical setup. The stock is well-positioned, and its price action indicates strength. It will be interesting to track its movement in the coming sessions. 🔍 Key Observations: ✅ Strong price action ✅ Positive technical setup ✅ Momentum building up 📌 Disclaimer: This is purely for informational purposes and not a recommendation to buy or sell. Investors are advised to conduct their own research and risk assessment before making any investment decisions, as stock markets are subject to volatility and risks.
NSE:TCPLPACKLong
by EquiClarion-S
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Resistance Support in GILLETTE BUY TODAY SELL TOMORROW for 5%
NSE:GILLETTE
by Kapil-Mittal
2
Bank Nifty | WXYXZ formation | Currently in Z waveWXYX’Z is complex correction. In which WYZ are Corrective waves, X is retracement wave and can take any form. Here WXY (Can also be considered as A) X’ (or B) completed (at around approx 78% level) more pain looks less probable. And now Z should come. Z can be (61%, 100%, 127% of W or Y) Various books have various method for target calculations. I generally take latest wave into Consideration for targets which is Y or X’. Targets are based on Fibonacci relationships. Disclaimer: I do not claim any profit or loss. I am not sebi registered and I have no guarantee of profits or gains or right predictions. These are just my opinion or thought ideas for learning the trade patterns, and feedback from experts to learn more. Please make any financial decisions after consulting your financial advisors.
NSE:BANKNIFTYLong
by IMStockwala
XAUUSD| Trading Strategies, February 19🔴Upper resistance level: -First: 2940-2942 -Second: 2946-2952 -Third: 2960 🟢Lower support level: -First: 2924-2931 -Second: 2915-2920 -Third: 2905-2907 ✅Trading strategy: -Go long with a light position when the price falls back to 2912-2920, target 2946-2950 -If it breaks through 2946, go long when the price falls back to 2930-2935, target 2960 -Focus on the breakthrough of the 2939-2940 range, as there will be a chance to hit a new high only after an effective breakthrough
OANDA:XAUUSD
by GoldMasterTraderX
Shyam Metalics and Energy Ltd.### **Comprehensive Analysis of Shyam Metalics and Energy Ltd.** #### **1. Fundamental Analysis:** **Overview:** Shyam Metalics and Energy Ltd. is a leading player in the Indian steel manufacturing industry, specializing in the production of long steel products, including rebars, billets, and sponge iron. The company is known for its strong presence in the Indian market, especially in Eastern India, with a significant market share in the steel and energy sectors. Shyam Metalics is part of the Shyam Group, a conglomerate with diverse interests in manufacturing, energy, and infrastructure. **Key Financials (as of latest available data):** - **Market Capitalization**: ₹20,000 crore (as of Feb 2025) - **Revenue Growth**: Shyam Metalics has shown consistent revenue growth, driven by strong demand in the steel sector, increased capacity utilization, and its ability to capture market share in a growing domestic market. The company has also benefited from increasing infrastructure and construction activities in India. - **Profitability**: Shyam Metalics enjoys robust profitability, supported by its backward integration into sponge iron production, which provides a cost advantage over peers. The company has also benefited from higher steel prices in recent years. - **Debt Levels**: The company maintains a moderate level of debt. While it has been able to service its debt effectively, any rise in interest rates or decline in profitability could put pressure on its financials. It is important to monitor its debt-to-equity ratio in the coming quarters. **Recent Developments:** - **Capacity Expansion**: Shyam Metalics has been investing in expanding its manufacturing capacity, particularly in the steel and sponge iron segments. This expansion aims to meet the growing domestic demand for steel, particularly from the infrastructure and construction sectors. - **Focus on Green Steel**: The company has been making efforts to reduce its carbon footprint by focusing on sustainable practices and the production of "green steel," which is more environmentally friendly. - **Strategic Acquisitions**: Shyam Metalics has been expanding its footprint by acquiring or setting up new plants, particularly in underserved markets across India. This helps increase its market share and geographical reach. - **Steel Price Volatility**: The company is vulnerable to fluctuations in global steel prices. The rising steel prices over the past few years have contributed to increased margins, but any correction in prices could impact the company’s revenue and profitability. **Key Strengths:** - **Backwards Integration**: Shyam Metalics’ backward integration into sponge iron production provides it with a significant cost advantage. The company produces a large portion of its raw material in-house, which helps mitigate the risk of raw material price fluctuations. - **Market Position**: The company has a strong market presence, particularly in the eastern and northern regions of India. It is also increasing its market share in the southern part of the country. - **Diversified Product Portfolio**: Shyam Metalics offers a wide range of steel products catering to various sectors, including infrastructure, real estate, and manufacturing, which provides stability and revenue diversification. - **Capacity Expansion**: The company's expansion plans are focused on increasing production capacity and tapping into high-growth sectors like infrastructure and construction, which could drive future growth. **Risks:** - **Steel Price Volatility**: The steel industry is highly cyclical, and the company’s earnings can be impacted by fluctuations in global steel prices. A sharp decline in steel prices can reduce profitability, especially if input costs do not adjust similarly. - **Raw Material Supply Risks**: Despite backward integration, the company still relies on the supply of iron ore, coal, and other raw materials. Any supply disruptions or price hikes in these inputs could impact production costs and margins. - **Regulatory and Environmental Risks**: The steel manufacturing industry is subject to stringent environmental regulations. Any changes in regulatory policies or stricter environmental norms could lead to higher compliance costs. - **Debt and Interest Rate Risks**: The company’s ability to maintain healthy profit margins could be impacted by increasing debt servicing costs if interest rates rise, as a significant portion of its financing is debt-based. --- #### **2. Technical Analysis:** **Current Price Action (as of February 2025):** - **Stock Price**: ₹456 (as of Feb 2025) - **52-week High/Low**: ₹570 (High) – ₹297 (Low) - **Recent Trend**: The stock has been on an upward trajectory, having rallied from its 52-week low of ₹297 to its current price of ₹456. It has been consolidating around the ₹450-460 range and is trying to break past the resistance at ₹470. **Moving Averages:** - **50-Day Moving Average (50-DMA)**: ₹450 - **200-Day Moving Average (200-DMA)**: ₹380 - The stock is trading above both its 50-DMA and 200-DMA, indicating a positive trend. The 50-DMA is rising, supporting the bullish outlook. A sustained trade above ₹460 could trigger further upside. **Relative Strength Index (RSI):** - RSI is at **63**, which is approaching the overbought territory but still within a neutral range. This suggests that the stock has room to move further upwards but is approaching levels where caution may be needed if RSI enters the overbought zone (above 70). **MACD (Moving Average Convergence Divergence):** - The MACD line is above the signal line, indicating bullish momentum. The widening gap between the MACD line and signal line shows strong buying interest. **Volume Analysis:** - Volume has been gradually increasing, particularly during upward movements, which suggests strong buying interest. A breakout above the resistance at ₹470, accompanied by high volume, could lead to a move toward ₹500. --- #### **3. Support and Resistance Levels:** **Support Levels:** - **₹450-460**: The immediate support zone is between ₹450 and ₹460, where the stock has found support during its recent consolidation phase. A decline below this range could bring the stock toward the next support at ₹430. - **₹430**: A deeper pullback could bring the stock towards ₹430, which represents the next solid support level. **Resistance Levels:** - **₹470**: The immediate resistance is at ₹470, where the stock has encountered selling pressure in recent weeks. A breakout above this level could signal further upward momentum. - **₹570**: The 52-week high at ₹570 serves as a key resistance point. A sustained breakout above ₹570 could lead the stock to higher levels, with ₹600 being the next psychological resistance level. **Key Levels to Watch for Short-Term Movement:** - **Immediate Resistance**: ₹470 - **Immediate Support**: ₹450-460 --- #### **4. Risk and Reward Outlook:** **Risk Factors:** - **Steel Price Volatility**: Steel prices can be volatile due to changes in global demand, international trade tariffs, and economic cycles. Any significant decline in steel prices could hurt the company’s margins, particularly as raw material prices remain high. - **Regulatory Challenges**: Changes in government policies, especially those related to environmental regulations or tax rates, could adversely impact the company’s operations and margins. - **Raw Material Price Fluctuations**: While Shyam Metalics has backward integration, it still faces exposure to the prices of iron ore, coal, and other raw materials, which could impact production costs if prices increase unexpectedly. - **Debt Exposure**: The company carries some debt, and rising interest rates could affect its ability to generate consistent profits, especially if the cost of servicing debt increases significantly. **Reward Potential:** - **Capacity Expansion and Market Penetration**: The company’s ongoing capacity expansion plans, especially in underserved regions and high-growth sectors like infrastructure, offer significant upside potential. - **Steel Price Strength**: If steel prices remain strong, Shyam Metalics could see a substantial improvement in its revenue and profitability. The increased demand for steel products, especially for construction and infrastructure projects, supports long-term growth. - **Backward Integration**: The company’s cost advantage from backward integration into sponge iron production positions it well to capture more market share and improve profitability. --- #### **5. Investment Recommendation:** - **Long-Term Investors**: Shyam Metalics is a good long-term investment option for those looking to gain exposure to the Indian steel industry. The company’s expansion, strong product portfolio, and backward integration into the production of sponge iron provide a competitive advantage. A healthy growth outlook in infrastructure and construction sectors further supports its potential. Investors may consider buying at or near support levels of **₹450-460** for long-term growth. - **Short-Term Traders**: Traders may look for a breakout above **₹470** to enter long positions, with a potential target of **₹500-570**. If the stock faces resistance at ₹470 and starts to consolidate, a re-entry could be considered near the support level at **₹450-460**. --- ### **Disclaimer:** The information and analysis provided here are for educational and informational purposes only. We are not registered with SEBI (Securities and Exchange Board of India) or any other regulatory body, and this should not be construed as investment advice. Stock market investments are subject to market risks, and past performance is not indicative of future results. Before making any investment decisions, it is important to conduct thorough research, seek advice from a certified financial advisor, and understand your risk tolerance. The views expressed are based on publicly available data and personal analysis and may not necessarily reflect the views of other professionals or organizations.
NSE:SHYAMMETLLong
by Globaltradehub
1