MMTC Ltd Poised for Upside After Channel Support at 84Details:
Asset: MMTC Limited (MMTC)
Support Level: 84 (channel support)
Potential Target: To be determined based on breakout confirmation
Stop Loss: Below 84 or as per individual risk tolerance
Timeframe: Short to medium-term
Rationale: MMTC has taken support at the 84 level within its channel, signaling potential for an upward move. If buying interest picks up, the stock could see a rally, provided it sustains above this critical support.
Market Analysis:
Technical Setup: The stock has respected the channel support at 84, and its price action suggests a reversal or continuation of the upward trend.
Sector Context: MMTC, as a key player in trading and minerals, may benefit from favorable commodity trends and market conditions.
Price Target:
Potential targets will depend on confirmation of the breakout and volume support. Historical resistance levels can serve as benchmarks for initial targets.
Risk Management:
Place a stop loss below the 84 support level to minimize risk in case of further downside.
Timeframe:
Short to medium-term, depending on the strength of the bounce and overall market sentiment.
Risk-Reward Ratio:
Favorable, with a low-risk entry point near support and significant upside potential if the stock breaks out of the channel.
Watch for confirmation of upward momentum and ensure to monitor volume and market conditions closely before initiating a position.
Big cup pattern in L&T Finance L&T Finance makes an attractive buy with PE 14,PB 1.5 Company is shifting from wholesale business to retail loans franchise. With strong promoter of L&T and AAA credit rating and promoter guidance of maintaining sustainable ROA above 3% makes it a valuable buy for next 5 years.
Stop loss at 100.
Target for next 3 years - 300 min.
Looks reasonable valued as compared to its peers. 20 % grower available at 14 PE.
HDFC LIFE 1 DayHDFC life insurance in 1 day time frame
It shows that :
the stock comes in golden zone and make bullish anglefing pattern
also it reaches the 400 EMA
it's also reached the previous resistance to retest it
there is a trend line and it touches
RSI is below 40
there is five confirmations also it is a good opportunity to trade in HDFC life insurance
PARAG MILK FOODS LTD.PARAG MILK FOODS LTD.
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Small trade, small quantity.
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Long at current price with SL blew 200
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;)
VIEW ON AXIS BANKGood chart structure
Breakout on the stock
Stock approaching its 21 OCT 24 highs
Target 1220/1240
Stop loss 1175
I am just representing my views
For educational purpose only.
Breakout BLSBLS has given breakout from triangle pattern. Next target would be around 468 which is almost 8-9% from the current price
BUY VEDANTA LTDBUY signal for VEDANTA, as it has broken the trendline also moving average cross cover signaling a strong buy for VEDANTA.
MLL--rounding bottom breakout
--retest completed
--huge volume seen
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser if needed
SWING TRADE -SAMVRDHAN MOTHERSUN -6 th Dec24Bounce at support after Trendline confirmation -174 - near 200 ma
SL 10p TGT 184 and beyond if BO sustains
BEML Targeting 5500 Amidst Bullish MomentumDetails:
Asset: BEML Limited (Bharat Earth Movers Limited)
Breakout Level: Watch for sustained momentum confirmation
Potential Target: 5500
Stop Loss: Below recent support levels or as per risk tolerance
Timeframe: Short to medium-term
Rationale: BEML is showing strong bullish momentum, with technical indicators suggesting a potential move toward the 5500 level. Positive investor sentiment and robust demand in its sector further support this bullish outlook.
Market Analysis:
Technical Setup: The stock has been showing consistent upward movement. A clear trajectory points toward 5500 as a key target.
Sector Strength: As a leader in heavy earthmoving equipment and infrastructure support, BEML benefits from ongoing infrastructure and defense projects.
Price Target:
The immediate focus is on 5500, with potential for further gains if momentum persists.
Risk Management:
Place a stop loss below critical support levels to manage downside risk in case of market volatility.
Timeframe:
The move to 5500 is expected in the short to medium term, driven by technical and sectoral tailwinds.
Risk-Reward Ratio:
Favorable, with strong upside potential and manageable downside risk near support levels.
Keep tracking BEML’s price action and volume for further confirmation, and consider market conditions that could influence infrastructure and defense stocks.
IRFC 158 is Good buy level Weekly chart displays breakout
The neckline of inverse XABCD pattern confluence
with the upper side of the symmetrical triangle.
price is based at strong support neckline
this chart clearly shows that a massive potential targets ahead
it will be the level Study and buy
only for
Education purpose
MEDPLUSMedplus has given trend-line breakout with increased market participation. Seems promising for midterm trading. Trend reversal is quite possible after almost a year's consolidation.
RAILTEL 434 is good to up side buy know Weekly chart displays breakout
The neckline of inverse XABCD pattern confluence
with the upper side of the symmetrical triangle.
price is based at strong support neckline
this chart clearly shows that a massive potential targets ahead
it will be the level Study and buy
only for
Education purpose
Dhani aiming for a stage 2??#Dhani
After a long downtrend, started the uptrend and is now at a 2-year resistance forming CNH. If broken out then this could be a potential stage 2 candidate.
Keep on the radar as a positional pick. SL is very deep so position the size accordingly and manage the risk.
The chart shared is just to notify you of this setup and is not a buy-sell recommendation.
VCP Setup with Strong Earnings – Shortter Swing Upside PotentialStock: Goldiam International Ltd. (GOLDIAM)
Analysis:
Goldiam International previously had a breakout with volume, and it’s now forming a Volatility Contraction Pattern (VCP) — a bullish setup suggesting potential continuation of the uptrend. Today, the company released its quarterly results showing impressive growth, with Profit After Tax nearly doubling, which supports a bullish outlook. This mix of technical and fundamental strength makes Goldiam attractive for a short-term swing trade.
Technical Setup:
Pattern: Volatility Contraction Pattern (VCP)
Volume: Previous breakout with volume; potential continuation
Catalyst: Positive quarterly results with strong earnings growth
Trade Plan:
Entry: On breakout above recent resistance, ideally with volume
Target: Short-term swing based on previous high or measured move from the breakout
Stop Loss: Below current support level within VCP pattern
Note: Strong earnings may add momentum, making this setup ideal for a short-term swing trade to capture the potential upside.
IPO BREAKOUT TRADE📈 Daily Watchlist Update: IPO Breakout Alert 🚀
Stock Name: MANBA 🏦
Current Status:
🟢 This is a classic IPO breakout, a strategy I follow with small quantities for controlled risk 🎯.
Buy Conditions:
🟢 Discount Zone: Look to buy in the ₹175-₹165 range for better value.
🟢 Stop Loss (SL): ₹148.
⚠️ Reminder:
Do your own research (DYOR) 🧠 before entering any trade.
This is a high-risk strategy, so always proceed at your own risk!
📖 Educational Note:
This update is for educational purposes only. Evaluate your risk tolerance before taking any positions 🌟📊.
👉 Follow for more content and to support my updates! Let’s trade smart and grow together 🙌📢.
#SFL (Sheetla Foam Ltd.)Based on the detailed information from Sheela Foam Ltd.'s investor presentation for Q2 & H1 FY25, here’s a breakdown of reasons to buy or avoid this stock:
#SFL @ 846
Consider this number as a Target
Target 1 @ 959+
Target 2 @ 1038+
Target 3 @ 1116+
Target 4 @ 1371+
Target 5 @ 1863+
Target 6 @ 2451+++
### Reasons to Buy:
1. Strong Market Presence:
- Sheela Foam holds a ~30% market share in India's mattress segment, with trusted brands like Sleepwell and Kurlon.
- It also has a 40% market share in Australia, highlighting its international strength.
2. Diverse Global Footprint:
- Operations in India, Australia, and Spain with significant manufacturing capacity in each region.
- Backward integration ensures a wide product basket and cost efficiencies.
3. Revenue Growth:
- Consolidated revenue grew 29% YoY in H1 FY25, indicating strong operational performance.
- Expanding distribution network with a growing number of exclusive brand outlets (EBOs).
4. Focus on High-Margin Products:
- Strategic shift towards premium and high-margin products to improve profitability.
5. Trusted Brand Value:
- Recognized as India’s No.1 mattress brand by TOI and has a strong digital presence with over 86.9M total reach.
Reasons to Avoid:
1. Declining Margins:
- EBITDA margin decreased to 8% in H1 FY25 from 11% YoY. Profit after tax (PAT) margin also dropped from 7% to 3%.
2. Rising Costs:
- Finance costs surged 3.5x YoY in H1 FY25, affecting net profitability.
3. Increased Debt Levels:
- Borrowings have significantly increased, which may pressure the balance sheet.
4. Competitive Industry:
- The mattress and foam markets face stiff competition, which could compress margins further if price wars intensify.
5. Stock Performance:
- The stock is trading near its 52-week low, and its market cap has been under pressure, indicating potential investor concerns.
Key Technical Insights:
- The current price (CMP) is INR 919.95 with a 52-week high of INR 1,285.4 and low of INR 874.1. It suggests consolidation near the lower range, which could offer a rebound opportunity if fundamentals improve.
Inside News:
- Recent launches like the foldable mattresses TARANG (Sleepwell) and AARAM (Kurlon) cater to rural and budget segments, potentially driving growth.
- A collaborative initiative with the Indian Society of Sleep Research enhances brand visibility and positions the company as a thought leader in the health and wellness space.
Would you like a deeper analysis or additional details?
BAJAJ HOUSING FINANCE Camarilla BOThere has been downtrend in the stock and recently it has changed the trend for current monthly R3 & S3 is under previous month R3 & S3 which gives indication that there will move once R4 or S4 is broken.
However Yesterday R4 has broken which gives clear indication of upward movement.
Buy - 146.69
SL 138
Target 164.04
Timeframe 30 days
This idea is purely for educational purpose. Please do your due diligence before investing.
breakout BSE📈 Daily Watchlist Update: Potential Breakout 📊
Stock Name: BSE 📜
Current Status:
🟢 The stock has shown a very good breakout, breaking its All-Time High (ATH) with strong volume 📈.
Buy Conditions:
🟢 Discount Zone: If the stock retraces to the ₹5000-₹4700 range, it’s a potential discount zone.
🟢 Look for a break of internal structure and market shift before entering.
🟢 Stop Loss (SL): ₹4350.
Next Steps:
🟢 If the stock retraces, I’ll post about the buy entries later.
🟢 If it doesn’t retrace, I’ll move on to another stock—there’s always another opportunity to trade 🌅.
📖 Educational Note:
This update is for educational purposes only. Please evaluate your risk appetite before making trading decisions. 🌟📊
👉 Follow for more content and to support my updates! Your engagement helps me bring more insights 🙌📢.
EPL LTD !! A good Stocks to buyHow's The Josh Traders??
EPL Limited (Essel Propack Limited) reported the following turnover for the second quarter and six months ending September 30, 2024
Second quarter: Sales were INR 10,862 million, and revenue was INR 11,002 million
Six months: Sales were INR 20,936 million, and revenue was INR 21,141 million
EPL Limited is a global tube-packaging company that specializes in laminated plastic tubes for the FMCG and Pharma industries. The company is headquartered in Mumbai and is owned by The Blackstone Group.
As we can See Technical Charts of EPL Limited, Chart Has completed its Wave 1 & 2 and ready for the big wave 3 & 5.
SO , BUY EPL LTD
TARGET 1 : 617
TARGET 2 : 905
NOTE : THIS IS FOR EDUCATIONAL PURPOSE PLEASE REFR TO YOUR FINANCIAL ADVISOR BEFORE TAKING ANY TRADE.
HAVE A GOOD DAY TRADERS .
