Trendline BreakoutPlease look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking profit for 1% - 2% For long-term trades look out for resistance drawn above closingLongby Breakout-IdeasUpdated 1
RHIM: Towards Breakout from Strong RetracementRHI Magnesita India Ltd PC-A = PC-B #WondersOfPC Technicals: • Recently touched high at Point P1 & went down to Point P2 of PC-A • From P2, retraced strongly and entered PC-B with today's gap up, also crossed midline of PC-B • Taller green towers indicating strong built up for bullish view • RSI entered in 60 Zone • Relative strength is green Fundamentals: It is a market leader for special refractories in India and has many global customers for its international quality products. Future outlook is stronger as company is into high capex and acquisitions for capacity expansion. Recently, acquired Dalmia, unlisted leader in Refactories. As per the management, on Acquired asset: At peak can do revenues of ₹1500cr Margins of 15%-16% by FY24 For RHI Market share goes to 33% Peak net debt will be ₹1300cr Point of caution is for the Capex and acquisitions Debt portion is increased, Debt to Equity is around 1:1, earlier company was DebtFree. Good pick for long term portfolio. Today's move is because of the same reason only. For positional trade: Enter at CMP or on closure basis if today closes above 710, can enter at tomorrow's green opening Short term TGT: 830 and then 925 Positional SL on closure basis: 648 (Bcoz of today's strong move, Sl is at lower levels) Disc: Invested from Lower levelsLongby ChartSarathiUpdated 5
RHIM - Ichimoku Bullish Breakout Stock Name - RHI Magnesita India Ltd Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 740 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis. Longby nikunjbhadja1
YR 2022 Idea #170: Long on RHIMThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap. Longby onerighttrade0
Buy Today, Sell Tomorrow: RHIMDON'T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:00 pm every day - Book profits within the first 30 minutes of the market opening - Try to exit by taking 5-7% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA - SL can also be maintained as 3% or closing below the low of the breakout candle The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR 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 Trendline Breakout in RHIM Buy Today, Sell Tomorrow: RHIMLongby Kapil-Mittal7
RHIM - Consolidation BreakoutNSE: RHIM is closing with a strong bullish breakout candle supported with high volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days and moving along the trendline which is indicating demand. One can look for a 9% to 13% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.Longby BrahmaBull311
STRONG BREAKOUT IN RHIMEverything is already explained in chart You can trade according to levels mentioned in chart Longby TraderRavikiran0
Symmetrical Triangle: RHIMNSE:RHIM is forming symmetrical triangle at the top. Breakout can be either side. After the breakout the trade can be taken depending on the side of breakout.by VanshikaUdeshiUpdated 3
RHIM - LONGMoving in longterm rising channel, buy above 675 weekly close with stoploss of 585.Longby Kumarpal_80
RHIM Good For Short TeamGood Abv 680 if give close abv 700 then can see big up move up to 900 Note: I M Not Sebi Reg Advisor I M Not Responsible For Any Profit Loss Longby Ravi_Fichadia0
breakout in RHIMLooks like inverted head and shoulder pattern and breakout, lets see what will happenby yathishd110
Weekly Breakout#LearnInvestAndEarn RHIM is looking good on weekly charts above 675, close above this level will give a big blast from here. #RHIM (W):-CMP 688 Looks Good here, Ready For Big Blast :) #Disclaimer:-View shared is for educational purposes only. Kindly study on your own before making any trading or investment decisions.Longby learninvestandearn191
Looking strong breakout in Weak marketFresh Breakout RHIM Following points to be noted 1. Fresh breakout on price 2. Fresh breakout on DMI+ 3. Volume spurt 4. Stock above 200 SMA 5. 20SMA is above 50 SMA High Probability trade Longby PankajPatidar_chartCorner111
RHIM - Ichimoku Bullish Breakout Stock Name - RHI Magnesita India Ltd Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 700 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis. Longby nikunjbhadja0
Breakout in RHIMBreakout in RHIM in Daily and Weekly Timeframes. Entry: 689 (CMP) Target: 840 DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.Longby achandran814
Rhim good breakout #rhim Good Breakout today. Add partial and rest at pullback #vrLongby VR46_TheDoctor1
RHI Magnesita Breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since 18th April 2022, NSE:RHIM has given a breakout today. Buy with a stop just below ₹608. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also) Strengths: - 1. TTM Sales growth is at 38%, TTM Profit growth is at 78%, quarterly sales growth is at 40% and quarterly profit growth is at 64% 2. 10 year and 5-year average ROE more than 15% 3. Debt to equity at 0.06(less than 1 is good), Interest Coverage at 738(greater than 3 is good), Current Ratio at 2.20(greater than 1.5 is good), FCF to CFO at 56% 4. The company has been maintaining a healthy dividend payout of 19.7% 5. The company has delivered good profit growth of 31.2% CAGR over the last 5 years 6. FIIs have been increasing their stake since December 2021 (from 0.38 to 2.20 in June 2022) Weaknesses: - 1. Stock is trading at 10.9 times its book value 2. Debtor days is high at 90 days 3. Borrowings increased to 1011 Cr in March 2022 from 789 Cr in March 2021 Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.Longby akashbothra2
RHIM: Just getting out of consolidationIt's a W pattern formation. Followed by the price is consolidating around the neckline trendline. Today a smallish green candle formed out of the consolidation zone, breaking above a falling trendline. Keep an watch. Longby pradipandsuvra4
RHIMlooks good on daily time frame , has given BW bo , short term target is 626. long term target is 690. good risk reward ratio . place stop loss at 575Longby Kapildsrawat0
Head and Shoulders Pattern at RHIMBe Cautious #headandshoulders #pattern (trend reversal) at #RHIM (RHI Magnesita India Ltd) weekly chart. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. ONLY FOR #educational NOT SEBI REGISTERED. #LEARNEARN (DONT TRUST ANYONE) #nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #kukiinvest #Chartanalysis #headandshoulders #breakdownShortby Usemerr0
WATCH FOR TRENDLINE BREAKOUTRHIM looking good above 272 if it break trendline with good volume only for educational purpose........by rajan23Updated 1