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LT - breaking out of channel / Darvas BoxWeekly Chart Previous trend was 'up-trend' Price went in consolidation in horizontal channel Price breaking out of horizontal channel Stock has been outperforming Nifty based on Comparative RS indicator RSI breaking above 60 levels and MACD histogram > 0 suggesting bullish bias Trade Execution Entry - CMP 3947 or on dips Stop Loss- Weekly SMA + Swing low on daily chart 3628 Target 1 - Horizontal channel pattern height 600 points = 4455
NSE:LTLong
by NoobInvestor_76
EIHOTEL - Stock to be in RADAR and Hidden Trendlines MarkedView : To be determined Entry Zone- Once the price breaks out of the Black color trendline with a strong green candle. Timeframe: Daily Notes: The price has been consolidating since Feb 2024, forming a Wedge pattern. Also, Hidden line marked in black color. Resistance and support levels are marked on the chart, showing how the price has consistently respected these levels. * This is not a trading recommendation; for educational purposes only
NSE:EIHOTELLong
by Breakout_Spotter
Soma Textiles: Promoters Max Holding & Hammer Candle for upwards"Soma Textiles: Promoters Near Max Holding & Hammer Candle Indicates Reversal" Stock: Soma Textiles & Industries Ltd. Analysis: Soma Textiles is showing strong bullish signals, supported by promoter activity, excellent financial results, and recent high-volume buying interest. The stock has retraced to a key support zone at ₹53.19 and has formed a hammer candle, signaling a potential reversal. With a favorable macroeconomic environment for the Indian textile sector, this stock is positioned for further gains. Key Highlights: Promoter Activity: Promoters have increased their stake from 72.76% to 74.98%, nearing the maximum allowable holding of 75%. Institutional Confidence: FII/FPI Holdings: Increased from 0.00% to 0.04% with 5 investors now holding positions. Institutional stake doubled from 0.04% to 0.08%, reflecting growing interest. Volume Signals: Recent high-volume activity with appearances in bulk-buy filtered stock lists. Financial Performance: Quarterly Net Profit: ₹68 Cr, a 11653.4% YoY growth. Quarterly Revenue: ₹6 Cr, a 152.6% YoY growth. Sector Tailwinds: The Indian textile sector is expected to benefit from challenges faced by Bangladesh's textile industry. Technical Setup: CMP: ₹53.19. Hammer Candle: Indicates a likely upward move from this support zone. Volume Confirmation: Strong buying interest is evident. Trade Plan: Entry: Near ₹53.19. Target: ₹62 (short-term), with potential for more. Stop Loss: Below ₹46 to minimize risk. 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:SOMATEXLong
by ImranulHaqueNoor
LT - Long SetupCMP 3947 on 09.12.24 Since January 2022, the stock has been traveling in a rising wedge pattern. For the last many days, the price has been moving in a range (shown as a rectangular shape). This time looks like breaking the upper levels. Immediate supports seem to be around 3860 and 3740. One may start buying from the current price to as low as 3860, multiple times. Always keep the position size in accordance with risk management. The setup fails if the price sustains below 3730. All this illustration is my own view, shared only for learning and observation purposes. It is not a piece of trading advice in any form. All the best.
NSE:LTLong
by anandlive