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POWERGRID may fall due to double top formationDOUBLE TOP FORMATION : powergrid has formed a perfect double top pattern on weekly timeframe and seemed to be positioned for further fall. Although it had shooted up suddenly 2 weeks back due to the uncertainty which bubbled up surrounding maharashtra election which affected whole stock market. But after the release of the election results it has started going down again BEARISH DIVERGENCE : Apartfrom double top it has also formed strong bearish divergence pattern on the chart with 2 divergent peaks having formed on 4th mar & 29th july respectively indicating strong bearish momentum for powergrid BEARISH MACD : macd indicator has also become extremely bearish with macd line hovering below signal line by large margin indicating bearish potential PROFIT TARGET : The stock will fall till 299 level which is 22 points away from the current level
NSE:POWERGRIDShort
by peace_lover
1
Inverse head and shoulder bullish pattern on NIFTYA postive divergence on RSI Testing last major swing which is also the neckline of the head and shoulder pattern and the lower lowers and lower highs pattern of the index. Successful break of the resistance with good volumes can lead to NIFTY going again to all time high zone. I can see index spending some time around resistance before breakout. Stay cautious. A good trade opportunity can emerge with patience. Time frame 2 months.
NSE:NIFTYLong
by Heemanshusaini
#ORIENTHOT - VCP BreakOut in Daily chart📊 Script: ORIENTHOT Key highlights: 💡⚡ 📈 VCP BreakOut in Daily chart. 📈 Price gave a good up move and consolidated before BO. 📈 Volume spike on Breakout 📈 MACD Cross Over 📈 One can go for Swing Trade. BUY ONLY ABOVE 199 DCB ⏱️ C.M.P 📑💰- 196 🟢 Target 🎯🏆 – 16% ⚠️ Stoploss ☠️🚫 – 8% ⚠️ Important: Always Exit the trade before any Event. ⚠️ 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 MMT. Cheers!🥂
NSE:ORIENTHOTLong
by MMT_MakeMoneyTrading
SBI CARDS & PAY SER LTD looks at bottom, Ready to change trendHello, Everyone I hope you all will be doing well in your life and your investing as well. Here I have brought a stock that looks at bottom and ready to change trend. SBI Cards & Payment Services Ltd is the name of the stock. CMP is 712. Its all time low is 495 and all time high is 1160. Strong support at 680. It made low 655 in June 22, low of 678 in march 24, low of 647 in June 24, low 659 in Oct 24 and 670 in Nov 24. But not closing below that. Upside target as per Fibbo 790, 850, 900, 950, 1040, 1150. Just an assumption. Please do you research. Not a suggestion of buying. Source: Screener.in SBI Cards & Payment Services Ltd About SBI Cards and Payment Services Limited is a non-deposit accepting systemically important nonbanking financial company registered with the RBI. The Company is engaged in issuing credit cards to consumers in India. It is headquartered in Gurgaon, Haryana. It is a subsidiary of India’s largest commercial bank, the State Bank of India. Key Points History SBI Card was launched in 1998 by the State Bank of India and GE Capital. In December 2017, State Bank of India and The Carlyle Group acquired GE Capital`s stake in SBI Card.In March 2020, SBI Card became the first pure play credit card company to list on the stock exchanges in India. Largest Credit Card Company SBI Card, a subsidiary of the State Bank of India, is the largest pure-play credit card issuer in India. Products The company offers 3 types of cards: Super Premium (1 card), Core Cards ( 8 cards), and Co-Brand Cards (15 Cards in association with banks, retail and travel partners). Market Share Card in Force- 18.9% till Dec 23 compared to 19.1% in FY21 Spends- 18.3% till Dec 23 compared to 19.4% in FY21 Transaction- 17.1% till Dec 23 compared to 19.7% in FY21 Cards in forces stood at 1.85 Cr as on Dec 23 compared to 1.59 Cr as on Dec 22. Revenue breakup Q3 FY24 Interest Income: 45% (vs 44% Q4 FY22) Spend based: 29% (vs 26% Q4 FY22) Subscription-based: 6% (vs 8% Q4 FY22) Instance-based and others: 20% (vs 22% Q4 FY22) NPA Gross NPA: 2.64% in Q3FY24 (Increase 43 bps YoY) Net NPA: 0.96% in Q3FY24 (Increase 16 bps YoY) Borrowing Mix The Co’s funds have diversified sources including Working Capital Demand Loan (69%), Debentures (12%), and Term loan (19%). The share of term loan has increased from 3% while share of NCD dropped from 30% since Dec 23. New Cards Launches SBI Cards recently partnered with Reliance Retail to launch Reliance SBI Card focused on lifestyle. During FY23, the company launched Cashback SBI Card for cashback on all online spend, Aditya Birla SBI Card in partnership with Aditya Birla Finance Ltd for brands under Aditya Birla Group and PSB SBI Card partnered with Punjab & Sind Bank for premium segment. Changes in KMP Ahijit Chakravorty took charge as MD & CEO as Mr. Rama Mohan Rao Amara former MD & CEO resigned due to his transfer back to the State Bank of India on August 11, 2023. Focus Company will focus on acquiring cards across the diversified sourcing channels which includes open market and SBI customer base across both traditional point of sale as well as digital channels. It aims to increase its digital sourcing and has launched SBI Card SPRINT, an end-to-end digital application process for customers. This is just to boost my confidence. No Suggestions for buying. Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
NSE:SBICARDLong
by Alleyshah
Britannia is ready to leave the ground and start flying Hello everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought another nifty50 stock which is trading at important support zone, Probability is high it can take off means it can leave the ground and flying in blue sky.. I am expecting minimum 35%+ move in this swing, if you check chart above i have shown every swing since it has given a breakout in November 2022, and then it is just making higher highs and higher lows channel and respecting the upward support trendline, this time again we have seen correction in many stocks so britannia also corrected and it is just trading above to Upward support trendline, i am expecting it will surely take support in this zone and fly in blue sky. I already have mention the levels above for stop loss and targets please follow in your trading. Fundamental Analysis D/E is 0.52 Interest Coverage ratio is 18.77 D/E 0.52 has reduced as compared to last year's D/E 0.84 ROCE is 49.25% ROE is 57.1% ROCE 49.25% is higher than 5 years ROCE average 45.76% ROE 57.1% is higher than 5 years ROE average 52.47% Operating Profit Margin (EBITDA Margin) is 18.9% Operating Profit Margin (EBITDA Margin) 18.9% has improved as compared to last year's OPM 17.11% NPM is 12.76% Dividend Yield is 1.5% Free Cash Flow yield is 1.72% Company has a negative Cash Conversion Days of -27.09 Dividend pay-out is 82.75% of Net Profit 3 Years Sales CAGR is 13.07% 3 Years Profit CAGR is 15.11% FII have increased their stakes by 0.5% in the latest quarter (17.41% to 17.91%) Retail/Public have reduced their stakes by 0.46% in the latest quarter (16.69% to 16.23%) Retail/Public have reduced their stakes by 4.71% in last 3 years Promoters + FIIs + DIIs hold 84.69% in the company Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
NSE:BRITANNIALong
by TraderRahulPal
J&K Bank - Bottomed Out??in the monthly t/f: a. retracement of .38 which is a positive sign, indicating strength in prior upmove b. candle (current month) is engulfing the prior 2 candles, i.e., hammer and morning star respectively, though current month candle is dynamic c. those who follow elliott waves, the price action is indicative of completion of corrective waves. C&H in formation on monthly, fundamentally good PSU, and with PSU bank charts indicative of a upward rally, this stock may be worth following. PS: not a buy/sell recommendation, views are for educational purposes only.
NSE:J_KBANKLong
by agarwalkhagesh
4
Nifty Intraday Levels | 4-DEC-2024Nifty Options Scalping 1️⃣ Zones to Watch: 👉Green Zone: Institutional support 👉Red Zone: Institutional resistance 👉Gap: 100-200 points between zones 👉Zone Creation: Based on pivot points and Fibonacci 👉Chart: Use Nifty futures chart for reference 2️⃣ Trade Execution: 👉Order Flow: Triggers trades 👉Timeframes: 1-min & 5-min for scalping 👉Risk-Reward: 1:2 (Risk 1 to gain 2) 👉Strike Price: ATM or slightly ITM options 👉Position Sizing: Adjust to risk tolerance 3️⃣ Rules: 👉9:15 AM Sharp: Ready for market open 👉Risk Management: Top priority 👉Quick Trades: "Morning breakfast" scalps 👉Stop-Loss: 10 points #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏 FOLLOW for more content! 👍 LIKE if you found it useful! ✍️ COMMENT below with your thoughts and feedback
NSE:NIFTY1!
by ReviveTraders
EUR/USD: Bearish Signals Strengthen Near Key ResistanceWhen observing the 4-hour chart, we can see that the EUR/USD pair is hovering near a strong resistance zone (marked in red). This is a region where selling pressure has significantly increased during previous trading sessions, making it difficult for the price to break out. In this context, the signals for a potential bearish trend are becoming increasingly evident. One notable factor is the position of the EMA 34 and EMA 89 lines. With the price trading below both moving averages, they are acting as dynamic resistance levels, pushing the price lower each time it attempts to recover. This further reinforces the view that selling pressure continues to dominate the current market. Additionally, the previous downside gap has yet to be filled, which is often a technical indication that bearish pressure remains. As the price approaches the resistance zone of 1.0550 - 1.0560, the likelihood of rejection from this level is high, especially in the absence of strong buying momentum. If the price fails to break through this resistance zone, the possibility of a decline to lower support levels opens up. The nearest support is located at 1.0487, but a more prominent target lies in the 1.0420 - 1.0400 range. This is a critical support zone that could serve as a stopping point if the bearish trend continues. Based on this analysis, a bearish trading strategy should be approached with caution. Traders may consider entering a sell position around the 1.0550 - 1.0560 resistance zone, with take-profit targets at 1.0480 and 1.0420, respectively. A prudent stop-loss level would be above the resistance zone, around 1.0575, to minimize risk. Overall, the market is currently leaning toward a bearish outlook, but waiting for clear reactions at the resistance zone is crucial to ensure trades are executed at optimal levels. This approach provides greater security in a market that remains potentially volatile.
Short
by Bo-Samson
3 years breakout coming soon in RAMCO CEMENTSAfter showing 2053.94 Cr. of sales and 2.27% of quarterly net loss, there have been multiple ups and downs in the Ramco Cements stock prices in the past few weeks. For example, Ramco Cements stock price on 26th of November 2024 was around Rs. 959.85. Ramco Cements share price now stands at an average of Rs. 1040.75. Judging by last week's performance, stock is in up trend. Ramco Cements has a median target price of Rs. 891.0 in 12 months by 28 analysts. They have provided a high estimate of Rs. 1130.0 and low estimate of Rs. 600.0 for Ramco Cements share.
NSE:RAMCOCEMLong
by TechnicalAnalystSucrit
Breakout Blitz: 3 Stocks to Supercharge Your Portfolio◉ Affle (India) NSE:AFFLE ● In the midst of an upward trend, the stock previously formed a Rounding Bottom pattern, and after a breakout, the price experienced a significant surge. ● However, around the 1,715 level, the stock encountered substantial resistance, leading to a decline followed by a period of consolidation. ● Recently, another Rounding Bottom pattern has been developed, and with a recent breakthrough, the stock is now trading at an all-time high, with expectations for continued growth. ◉ KFin Technologies NSE:KFINTECH ● The stock price is evidently trending upward, characterized by a succession of higher highs and higher lows. ● After effectively breaking out of the Rounding Bottom pattern, the stock saw a significant increase, approaching its previous all-time high around the 1,190 level. ● However, it encountered substantial resistance at that point, leading to a pullback and a subsequent consolidation phase. ● Now, following a recent breakout, the stock has positioned itself above the breakout zone and is ready for a potential upward rally. ◉ EID Parry NSE:EIDPARRY ● After a period of consolidation, the stock price has developed an Inverted Head & Shoulders pattern. ● Following the breakout, the price initially climbed sharply but soon entered a significant consolidation phase, resulting in the formation of a Broadening pattern. ● Currently, the stock has achieved a breakthrough and is set to enjoy additional gains.
NSE:AFFLELong
by GoodluckCapital
GBP/USD: At a Crossroads - Will the Bears Take Over?Hello, brilliant traders! What’s your take on the current trend of GBP/USD? Let me break it down for you with a detailed analysis on the daily timeframe to give you a broader perspective. At the moment, GBP/USD remains firmly in a long-term downtrend, trading around the 1.269 level. This aligns perfectly with signals from the EMA 34 and EMA 89, both indicating a potential reversal on the horizon. It's clear that key technical levels are coming into play, demanding the market’s full attention. Following the recent corrective rally, GBP/USD appears poised to test resistance near the 1.287 level. This could be a prime opportunity for sellers to step in and drive the pair lower, especially given the prevailing dominance of the long-term bearish trend. The chart analysis I’ve shared illustrates this outlook in more detail. Looking ahead, fundamental factors could further shape the direction of this pair. Hawkish remarks from Fed Chair Jerome Powell and robust U.S. economic data may pile additional pressure on GBP/USD, possibly pushing it below the critical 1.225 support level. On the flip side, a dovish tone from Bank of England Governor Andrew Bailey could cap any upward moves, leaving the pair vulnerable to further downside action. The market is at a pivotal point, and I’d love to hear your thoughts on GBP/USD! Share your insights in the comments below, and let’s discuss where we think this pair is headed next. Wishing you smart trading and plenty of opportunities ahead!
Short
by Bo-Samson
Turning Bullish: Manappuram Finance Ltd. Manappuram Finance Ltd. has been trading within a tight range in a BOX PATTERN for the past couple of weeks. Yesterday, there was a clear and significant break in the box pattern. The stock took strong support on 20 EMA (Black Line). Resistance levels: 176, 187, 203, 214, 228. For confirming the bullish trend, 20 EMA (Black Line) has to trade above 50 EMA (Orange line) in the weekly closing. The upside potential is optimum and the downside risk is minimal.
NSE:MANAPPURAMLong
by shanmurali