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SELAN: Symmetrical Triangle & VCP Setup – Ready Pullback RallyTitle: "SELAN: Symmetrical Triangle Breakout & VCP Setup – Ready for a Pullback Rally" Stock: Selan Exploration Technology Ltd. (SELAN) Analysis: SELAN is demonstrating strong technical and fundamental characteristics. The stock has retraced to fill the gap and started to rebound from support areas, indicating the potential for a near-term pullback rally. Chart Patterns: Symmetrical Triangle: A classic breakout setup in progress. VCP Formation: For others, it can be interpreted as a Volatility Contraction Pattern, supporting the bullish structure. Key Levels: Upside Resistance: ₹990–₹1078 (stiff resistance zone). A breakout above ₹1078 could lead to fresh upside momentum. Support Zone: ₹760–₹680 on the downside, providing a solid cushion. Momentum Indicators: Monthly RSI: Showing strength and gaining momentum, supporting the pullback potential. Piotroski Score: SELAN scores an impressive 7/9, indicating strong financial health. Financial Highlights: Quarterly Net Profit: ₹21 Cr, an outstanding 126.8% YoY growth, reflecting excellent financial performance. Trade Plan: Entry: At current levels with confirmation of continued rebound. Target: ₹990 (initial resistance), ₹1078 (key resistance). Further upside expected on breach of ₹1078. Stop Loss: Below ₹760 to manage downside risks. Note: SELAN’s combination of robust fundamentals, impressive RSI, and strong chart patterns positions it for a potential breakout rally. Watch for volume confirmation near resistance levels to validate the upward move. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
NSE:SELANLong
by ImranulHaqueNoor
Neat & Clean Falling Resistance Trendline Breakout in TVSHello everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a stock which has given perfect neat and clean falling resistance trendline breakout on chart. Stock name is TVS Motor Company Ltd (TVSM) and it is engaged in manufacturing two-wheelers and its accessories; it currently manufactures a wide range of two-wheelers and three-wheelers. Stock is good for short term to long term investing. Stock is trading at 17% discounted price. So it becomes more attractive at these levels. All the levels i have already marked on chart. Please follow that. Fundamental analysis P/E ratio is 62.7399 which is lower than it's Industry P/E 62.74 D/E 3.73 has reduced as compared to last year's D/E 3.93 Stock has given a return of 30.96% in last 52 Weeks ROCE is 15.64% ROCE 15.64% has increased as compared to last year's ROCE 14.11% ROE is 28.95% ROE 15.64% has increased as compared to last year's ROE 14.11% ROCE 15.64% is higher than 5 years ROCE average 12.99% ROE 28.95% is higher than 5 years ROE average 22.06% Operating Profit Margin (EBITDA Margin) is 14.09% Operating Profit Margin (EBITDA Margin) 14.09% has improved as compared to last year's OPM 12.72% Net Profit Margin (PAT Margin) 4.31% has improved as compared to last year's NPM 4.16% Company has a negative Cash Conversion Days of -53.88 Annual Sales has grown by 22.43% Annual Profit has grown over by 26.86% 3 Years Sales CAGR is 27.58% 3 Years Profit CAGR is 39.21% Quarterly Sales has grown over by 13.78% YoY Quarterly Profit has grown over by 42.29% YoY Quarterly Profit has grown over by 20.7% QoQ FII have increased their stakes by 1.28% in the latest quarter (21.05% to 22.33%) FII have increased their stakes by 9.47% in last 3 years Retail/Public have reduced their stakes by 1.05% in the latest quarter (19.49% to 18.44%) Promoters + FIIs + DIIs hold 91.04% 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:TVSMOTORLong
by TraderRahulPal
2
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 Breakout in EPL BUY TODAY SELL TOMORROW for 5%
NSE:EPLLong
by Kapil-Mittal
3
XAU/USDTechnical analysis is a powerful tool for analyzing forex pairs, but it's important to remember that it's not a guaranteed predictor of future price movements. It's best used in conjunction with other tools and strategies. Here are some key concepts in technical analysis: Charts: Price charts are the foundation of technical analysis. They show the historical price movements of a currency pair over time. Different chart types (candlestick, bar, line) can provide different insights.
OANDA:XAUUSDLong
by Forexlia
Turning Bullish: IRCON InternationalIRCON International has been in a downtrend since Aug 2024. It was sliding in a parallel channel pattern. However, it broke the channel pattern and gave a strong breakout with excellent volume. IRCON is trading near the strong support zone of 220 levels. It took support around 20 EMA (Black line) and showing some strength. However, 20 EMA (Black line) has to decisively cross 50 EMA (Orange line) to confirm the bullish trend in weekly closing. Technically, the downside risk is limited. RSI is also showing some strength. Resistance levels: 220, 267, 300, 350
NSE:IRCONLong
by shanmurali
CDSL New idea dec-2024 Firstly apologies as not been able to give analysis on "CDSL" but pls understand there are some restrictions as we need to accept it & follow, lets come to analysis and the chart link posted above is for short term 1 day trend that can come on 3/12/2024 or 4/12/2024 and pls follow then long term trend as on day chart price is following a pattern of 2green candle & 1 red candle so there's possibility of price following the pattern but if today's closing comes below 1645 then price will go to 1630-1629 level or even low till 1624, if price sustain above & trades at/above 1678/1680 then 1688-1705.80/1706 level can be seen. pls follow the chart & i will update under minds/ideas section later onwards & will shift to new platform for day to day analysis. "Till then trade well with strict stoploss" .
NSE:CDSL
by msubhashish14
Nifty - Inverted Head and Shoulder ?Nifty chart showing 2 months of support formation with inverted head and shoulder pattern. Its not a 100% exact pattern but its sure formation. price was pulled and pushed by various forces. Its major and last support for Nifty seeing bottom formation. But RBI policy will decide the fate of Nifty and complete market this week and month. No one is confident of RBI cutting rates in few days. But if RBI cuts rate even by smallest figure will be taken as positive and we can see 1000+ points In Nifty and broader market upside move. If else bearish to flat and not sure how far this could fall. Its not covid or WW3 to sell off but a dull market for long term investment.
NSE:NIFTY
by venkatfx
Reliance - Bullish again and bouncing from strong supportLast 2 months Reliance was down due to Bonus Issue, spectrum allocation to skyline without auction etc etc. But value buying has emerged and as expected big players accumulated this stock and given buy recommendations in last few days is lifting the price. Risk - RBI policy in Dec24 but its golden mine for medium to long term investment. Disney deal, work with NVIDIA is sure price rise more than 100% or more in 1 to 2 years. Indias No one company proves it again they will multiply wealth every year.
NSE:RELIANCE
by venkatfx