Petronet Date : 04.12.2024 Petronet Timeframe : day chart Remarks : At strong resistance of descending triangle along with 23.6% of fibonacci, if breakout comes then 5%-10% up move possible Regards, Ankur Longby AnkurSingh6
Premier Energies looks positive for Short & Long term GainsPremier Energies showing strong potential at current levels, having retraced to this high since its IPO. It could an breakout offer for a minimum of 30% growth within the next 3-6 months. Feel free to conduct your own analysis and share your feedback.PLongby profitabledost3
breakout 📈 Daily Watchlist Update: Potential Breakout 📊 Stock Name: Syngene International Ltd 🧬 Current Status: The stock has broken its All-Time High (ATH) and is currently in retracement mode, showing signs of a potential breakout 🚀. 💡 Buy Conditions: Buy 1 - Discount Zone Approach: If the stock retraces to the ₹900-₹880 range, it's considered a discount zone. Discount Zone is the Fibonacci retracement zone (50-70%). If you’re unsure about the discount zone, feel free to ask! Stop Loss (SL): ₹800. Buy 2 - Conservative Approach: If the retracement breaks the ATH at ₹960, then consider entering. Stop Loss (SL): The recent low post-breakout. ⚠️ Trading Rules: ✅ I will only trade if one of these two conditions occurs. ⏭️ If the stock moves up without meeting these rules, I’ll move on to other opportunities. There’s always another day to trade 🌅. 💪 The focus is on discipline and sticking to the plan. 📖 Educational Note: This analysis is for educational purposes only. Please evaluate your risk appetite before making trading decisions. 🌟📊Longby Dharsh5895115
DOLATALGO - Breakout in DayTimeframePrice consolidate above 120 range since April 2024. Previouly it breakout triangle pattern and gave good returns and now it breakout the small triangle today. Price is also near 200 EMA.Longby Breakout_Spotter0
IRCTC Descending Channel breakout to watch.Descending Channel: The price is trending downwards within a well-defined descending channel (yellow lines), with lower high and lower lows indicating a bearish trend. Key Support and Resistance Levels: Support: 788.50 appears to be a strong support level, as shown by the blue horizontal line, below that it can move towards 725 represents a more significant lower support level. Resistance: 850 being the previous high and immediate resistance. 914.75 is resistance levels within the current channel. A breakout above the 993.65 resistance could indicate further bullish momentum which till for new all time high. RSI (Relative Strength Index): The RSI is hovering near 53.64, It indicates a neutral to slightly bullish sentiment. Recent Price Action: The price has bounced off the 788.50 support and is attempting to move upward, nearing the channel's upper boundary. A breakout from the channel could signal a trend reversal. Volume: Volume appears moderate, which might suggest the need for stronger buying interest to sustain an upward breakout. Potential Strategies: Bullish Scenario: If the price breaks above the descending channel and closing above 850 resistance with strong volume, it could indicate a bullish trend reversal till 914.75 Bearish Scenario: A rejection at the channel's upper boundary or resistance levels of 850 may lead to further downside toward 725 or even 670. Disclaimer - The information provided herein is for educational purposes only. It does not constitute financial, investment, or trading advice. Consult a qualified financial advisor before making any financial decisions. We are not liable for any monetary loss, that may arise directly or indirectly from the use of information providedby Darshilp72
Infosys Long-Term Buy OpportunityInfosys looks promising for a 3-4 month investment at current levels, targeting ₹2500 or 30% upside.Longby profitabledost0
Banco Products A nice symmetrical triangle breakout with volume. Target zones are marked in green. Stoploss as per risk appetite. Longby CannySunnyUpdated 11
Vraj Iron And Steel - Daily - Short TermVraj Iron and Steel is trying to cross 20 EMA daily line. if it closes above 20 EMA line with and close above small resistance then one can enter consider entry. Price is moving around 220-226 since few days. Entry above 226 on daily closing basis SL : 220, 212 Target 1 : 240++ Target 2 : 270++ Vby maruviralUpdated 3
Asian Paints - Contractions about to endPost result fall and dividend announcement stock has been trending sideways for approximately a month As we can see a perfect VCP pattern formation is in the play Upside small resistance at 2470 & 2500 Downside small supports at 2450 & 2420 Any side break and retest will further decide the path for the stock in coming daysby Vishy55
India Cement Date 04.12.2024 India Cement Timeframe : Day chart Remarks : A classical bullish consolidation is happening. Fibonacci retracement levels are plotted to see for buy on dips, if any. 50% & 61% entry are my personal favorite for long term 1 yrs to 3 yrs tenure. Looks like some corporate deal is going behind the curtains ! Regards, AnkurLongby AnkurSingh4
Data Patterns: Triple Bottom Breakout Title: "Data Patterns: Triple Bottom Breakout with Institutional Support" Stock: Data Patterns Analysis: Data Patterns has recently given a Triple Bottom Breakout, signaling a potential trend reversal after a period of consolidation. Institutional support remains strong, despite a correction following slightly weaker previous quarter financials. Key Highlights: Mutual Fund Holdings: Increased from 6.14% to 6.48% in the Sep 2024 quarter. FII Holdings: Remain robust, showcasing consistent confidence in the stock. Correction Complete: The stock corrected earlier due to weaker financial results but now appears to be resuming its upward trajectory. Technical Setup: Pattern: Triple bottom breakout on the daily chart. Support: Established around the breakout level, providing a strong base. Momentum: Watch for increased volume to confirm the breakout. Trade Plan: Entry: Post-breakout confirmation above current levels. Target: Short-term target at ₹1520; mid-term target at ₹1600. Stop Loss: Below ₹1400 to manage 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. Longby ImranulHaqueNoorUpdated 556
IREDA CMP 207 Weekly Chart Forming Parallel channelIREDA is forming Parallel Channel on Weekly chart. RSI 14 is going up slowly. Price is trying to cross 20 EMA line on weekly basis. Resistance around 229-234, 260-264 and ATH 310 Support 189, 170 Target 1 : 310 Target 2 : 540++ Probable Time Period : 3-5 Months Longby maruviral9
"AYM Syntex: VCP Breakout with Strong Earnings and FII InterestStock: AYM Syntex Ltd. (AYMSYNTEX) Analysis: AYM Syntex has formed a Volatility Contraction Pattern (VCP), a bullish setup indicating potential upside. The breakout is confirmed with strong volume, signaling renewed buying interest. Recent fundamentals further bolster the bullish outlook: Quarterly Revenue: ₹405 Cr (21.1% YoY growth). Quarterly Net Profit: ₹4 Cr (179.8% YoY growth). FII Interest: Foreign Institutional Investors' holding surged to 3.5%, a significant jump from 0.03% in the previous quarter. This combination of technical and fundamental strength makes AYM Syntex an attractive candidate for a short-term swing trade. The target price is set at ₹255. Technical Setup: Pattern: Volatility Contraction Pattern (VCP) Volume: Strong confirmation on breakout Institutional Activity: Sharp increase in FII holdings Trade Plan: Entry: On sustained trade above breakout level Target: Short-term target at ₹255 Stop Loss: Below the most recent support within the VCP Note: With solid earnings growth and increased FII interest, this stock is poised for a potential upswing.Longby ImranulHaqueNoorUpdated 2
Divi's Lab: Potential Upswing as VCP Pattern Nears Breakout withStock: Divi's Laboratories Ltd. (DIVISLAB) Analysis: Divi's Lab recently experienced a breakout with strong volume, signaling solid buying interest. Since then, the stock has seen some corrective movement, presenting a potential opportunity. The current pattern resembles a Volatility Contraction Pattern (VCP), where price consolidates in narrowing ranges, often a setup for a continuation in the direction of the previous breakout. If this contraction phase concludes with another breakout on increased volume, it could indicate a fresh upswing and a strong bullish trend resumption. Technical Setup: Pattern: Volatility Contraction Pattern (VCP) Key Signal: Volume spike during breakout Expected Move: Upside continuation if breakout confirms with volume Trade Plan: Entry: On breakout above current resistance, ideally with a high volume candle Target: Initial target based on previous resistance levels or recent highs Stop Loss: Below the consolidation range by ImranulHaqueNoorUpdated 118
oberoi realitytarget is -2200 , after good fall of all shares , this stock only fell 100 point which determines its strength Longby activeTradrAshu0
Skipper forming a base. Watch for a breakout.Breakout above 624 for long opportunities. The risk is 12% RR: 1:1.8. The chart is shared for educational purposes. Please do your due diligence before investing. Longby sagartharayil1
#MONTECARLO - ATH BreakOut in Weekly chart📊 Script: MONTECARLO Key highlights: 💡⚡ 📈 Draves Box BreakOut in Weekly 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 on Friday (6 Dec’24) ABOVE 390 WCB ⏱️ C.M.P 📑💰- 280 🟢 Target 🎯🏆 – 28% ⚠️ Stoploss ☠️🚫 – 14% ⚠️ 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!🥂 Longby MMT_MakeMoneyTrading1
Gulf Oil cmp 1153.65 by Weekly Chart viewGulf Oil cmp 1153.65 by Weekly Chart view - Support Zone at 1060 to 1100 Price Band - Bullish Head & Shoulder made over 8 year's long timeframe - Weekly Support at 1000 > 875 > 680 with Resistance at 1310 > ATH 1513.55 - Stock had briefly broken down the Support Zone but recovered over last 2 weeks - Seems like the stock is picking up and closing above the Support Zone since 26th November is a positive outcome by PIYUSHCHAVDA0
RBL BANKHello & welcome to this analysis Stock has activated two bullish harmonic patterns within the same potential reversal zone - Deep Crab and Bat. As long as it holds 135 it could retest 190-200 (gap area), above that 225-235 (area of distribution before breakdown) Decent risk reward set up for medium term perspectiveLongby Dinesh_C_Nagpal113
JIOFIN - DONT BE A BLIND BULL YETFirstly, my positional view is BULLISH on this counter. Please refer to my earlier posts on the same script (link copied at the end of this post).. My emphasis is on Entry at a favorable risk reward price point. There is a overhead resistance (falling trendline from the top) at 350 levels... Wait for the breakout to confirm the trend reversal. Also, there is an unfilled GAP at 320 levels.. Ideally, I would expect the price to make a double bottom structure (retest of the 2-4 trendline from Oct'23 lows before the next big impulse move on the upside.. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.by Murthy_Santhosh2
WiproWipro formed a parallel channel.Buy if upper resistance line breakout, sell if lower support line breakout. Wait for 5m confirmation candle.by SOORAJKOLLAM1
JIOFIN - End of Wave 4 - Ready for new ATHJIOFIN - End of Wave 4 - Ready for new ATH It appears that JIOFIN has completed it's 4th wave down at 300, which happens to be the 50% retracement of the impulse from 2nd to 3rd wave. The corrective wave ABC seems to have ended now and the internals of the entire move is also marked It is a low risk set up (5% risk if SL is placed at 300) and the reward would be 50% or more (if it plays out the 5th as projected) - On technical, 250-300 is also happens to be the accumulation zone previously. Price move and volumes are highlighted. Since this script will be included in F&O, worth tracking it for the coming weeks I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Longby Murthy_SanthoshUpdated 13