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eMudhra Limited

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Emudhra Watchlist StockEmudhra's Triangle Breakout Drama: Why This Digital Security Stock Could Rally 15% from Current Levels Price Action: Looking at Emudhra's daily chart, we're witnessing a textbook technical setup that could offer substantial rewards for patient traders. The stock has been consolidating in a well-defined triangle pattern since late April, with price action compressed between converging trend lines around 720-780 levels. The current price action shows Emudhra testing the upper boundary of this Wedge formation at approximately 775-780 resistance zone. What's particularly interesting is how the stock has maintained its position above the key psychological level of 750, suggesting underlying strength despite the recent market volatility. Volume Action: From a volume perspective, we've seen relatively subdued activity during this consolidation phase, which is typical behaviour within triangle patterns. However, any breakout above 780 with accompanying volume surge would validate the bullish continuation thesis. The base formation here spans roughly 6-8 weeks, providing sufficient time for weak hands to exit and strong accumulation to occur. Support levels are clearly defined at 720 (triangle lower boundary) and 700 (psychological support), while immediate resistance sits at 780, followed by the major level at 880. The triangle pattern, combined with the stock's position above key moving averages, suggests a potential measured move target of around 850-870 levels, representing approximately 10-15% upside from current levels. Trade Setup: Entry: 782-785 on breakout with volume confirmation Target 1: 820 (initial resistance) Target 2: 850-870 (measured move target) Stop Loss: 750 (below triangle support) Risk-Reward Ratio: Approximately 1:2.5 Risk management is crucial here - the stop loss at 750 provides a reasonable buffer while maintaining favourable risk-reward dynamics. Traders should wait for a decisive breakout above 780 with at least 50% higher than average volume to confirm the pattern completion. Sectoral Backdrop: The digital security and cybersecurity sector has been gaining traction globally, with increasing digitization post-pandemic driving demand for authentication and security solutions. Emudhra operates in the digital trust space, providing digital signature solutions and PKI services, which positions it well for the ongoing digital transformation wave. Fundamental Backdrop: While technical analysis drives this setup, Emudhra's business fundamentals appear supportive, with the company's focus on digital identity solutions aligning with government initiatives like Digital India. The increasing adoption of digital signatures across various sectors provides a favourable operating environment for sustained growth. Risk Factors: Technical Risks: - False breakout possibility if volume doesn't support the move - A broader market correction could invalidate the pattern - Failure to hold 750 support would signal a pattern failure Fundamental Risks: - Intense competition in the digital security space - Regulatory changes affecting the business model - Economic slowdown impacting enterprise spending - Technology disruption in authentication methods My Take: The key catalyst to watch would be any major contract announcements or regulatory developments that could trigger the breakout. Given the tight consolidation and technical setup, this stock deserves a spot on active traders' watchlists for the coming weeks. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:EMUDHRA
by Karanshah137
10
EMUDHRAA recognised certifying authority that offers enterprise solutions and digital trust services is Emudhra Ltd. It provides paperless offices, digital signatures and authentication, and other solutions related to digital transformation and public key infrastructure technology. I saw that it has been adjusted by roughly 25% to 30% from its most recent peak. I believe that if you try to accumulate here with the SL of 720, you have a great chance of receiving a good payout. I firmly think that after it crosses the 757 level, it might reach 800, 850, 900, etc. Disclaimer: All of the information on this page is intended solely for educational reasons; we are not SEBI registered. Before making any financial decisions or investing, please speak with a SEBI-registered financial counsellor. Any profit or loss you may have made is not our responsibility. To show encouragement, I would appreciate your support and involvement by liking, commenting, and following. GLORIOUS TRADING 👍
NSE:EMUDHRALong
by kajal1980
1
Trading Idea: EMudhra Ltd📊 Pattern Formation: eMudhra Ltd is showing a retest of a breakout level, confirming support at the previous resistance zone. The stock is trading above the key EMAs (20, 50, and 200), suggesting continued bullish momentum. 💡 Entry Zone: A bounce from the current level (₹932) provides a buying opportunity. 🎯 Target: Upside target around ₹1,001, based on the measured move from the breakout. 🛑 Stop Loss: Stop-loss set at ₹912, below the key support zone, to minimize risk. 📈 Volume Confirmation: Watch for rising volumes on the upward move to validate the setup. ⚖️ Risk-to-Reward Ratio: This trade offers a favorable 3:1 risk-to-reward ratio.
NSE:EMUDHRALong
by piyushr401
EMUDHRA LTD highlights a breakout from from a consolidation zone1. Trend Overview The stock appears to be consolidating after a prolonged Uptrend Current levels (960) suggest the stock is stabilizing near its life time high levels. 2. Key Levels Support Levels: 900 This zone has acted as a psychological and technical support level, holding the recent consolidation movement. Resistance Levels: 970 A small round bottom and closing above this level would confirm a shift to a bullish trend. 3. RSI (Relative Strength Index) The RSI at 69 This indicates a neutral stance with a bullish bias. It shows the stock is neither overbought nor oversold. 4. Volume Analysis Moderate Volume: The current volume shows a significant increase, which is crucial for confirming a breakout. Watch for a volume spike near resistance levels (970) to validate a bullish move. 5. Patterns and Insights Consolidation Phase+ Rounding bottom The price is trading sideways after the recent uptrend, suggesting accumulation. Potential Breakout: A Closing above 970 with strong volume could indicate the continue of a bullish trend. Conclusion The stock is currently in a consolidation phase, awaiting a clear breakout. Traders should focus on the 970 resistance and 900 support zones to determine the next directional move. Disclaimer - The information provided herein is for educational purposes only.
NSE:EMUDHRALong
by Darshilp7
EMUDHRA - Ichimoku Breakout📈 Stock Name - eMudhra Ltd 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 947. 🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku #midcap #smallcap #largecap #EMUDHRA
NSE:EMUDHRALong
by nikunjbhadja
#EMUDHRA - Cup & Handel BreakOut in Daily chart📊 Script: EMUDHRA Key highlights: 💡⚡ 📈 Cup & Handel BreakOut in Daily chart. 📈 Price consolidated near Resistance 📈 Volume spike on BreakOut 📈 MACD Bounce 📈 One can go for Swing Trade. BUY ONLY ABOVE 960 ⏱️ C.M.P 📑💰- 950 🟢 Target 🎯🏆 – 20% ⚠️ Stoploss ☠️🚫 – 10% ⚠️ 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:EMUDHRALong
by MMT_MakeMoneyTrading
"EMUDHRA LTD"Price touched a new high & fell to retracement/retest level 0.23% & on Wednesday made a green candle but with a wick at top a indication of reversal price took support from 20 DEMA & On 10-4-2024 10-DEMA support taken & on day time frame on line chart you can see stock forming a "INVERTED HEAD & SHOULDERS" pattern & confirmation on 771.80 above price sustains, On hourly basis price in a 100 points range & immediate resistance at top so let it break once; so for tomorrow i.e. Friday 12/4/2024 if price sustains above 746 then 757-763.55 tgt level can be seen, if price goes below 734 then can fall to another 10-15points or can till 720.45 level or if more weakens then can fall till 713.50. Small Note: on 15min time frame plot 9&50 dema you'll see then 9 ema crossed 50 ema from below price moved up so same thing done it will fail if price goes below 735 level. NOTE: I'm analyzing the stock for first time, so if there's a mistake or levels doesn't meet or gap up or gap down scenario then wait for at least 30 mins before taking any trade. DISCLAIMER : I'm not a SEBI registered analyst/financial advisor & the above analysis is for educational purpose to give a small idea about stock & its move so before taking any position/trade please consult with your Financial advisor.
NSE:EMUDHRA
by msubhashish14
EMUDHRA - BASE ON BASE FORMATION WITH BREAKOUTHi All, This idea is about EMUDHRA Fundamentals Market Cap - 7438 Cr Stock PE - 98.7 ROE - 14.4% ROCE - 17.7% Promoter Buying - 54.4 Quick Ratio - 5.71 D/E - 0.01 Emudhra is a licensed certifying authority involved in issuing digital signature certificates in India under its eMudhra brand. The company is licensed by the Controller of Certifying Authorities (CCA), Ministry of Information Technology, and operates under the guidelines set by the Information technology Act Technicals After forming 2 bases, the price action is poised for stage 3 advance before forming next base. All the stages are shown in chart for clarification Hope you'll enjoy this idea, Happy Trading, Thanks, Stock-n-Shine
NSE:EMUDHRALong
by Stock-n-Shine