KNR constructions longLong KNR constructions CMP 265 Triangle breakout with good volume. It can be fake breakout So, Buy Above 277 Stoploss 226 Swing Trade Target 1 299 Target 2 310 Long Term Target 1 317 Target 2 339Longby KKKKKavanUpdated 3
EIDPARRY C&H BREAKOUT WCBEidparry breaking c&h pattrn #weekly with huge volume good rsi macd crossover #target can be 850 only after breking 700 EDUCATIONAL IDEAby NeetikaSri3
Infy with head and shoulder and falling.?Is infy forming a head and shoulder on daily and is ready to break down.?Educationby dipankargupta19942
FIVESTAR Breaking Descending Resistance –Looking Bullish The stock is breaking out from a descending resistance trendline, signaling a potential trend reversal. The RSI has broken out from its previous resistance, indicating strong upside momentum and currently stands at 58.25. The breakout is accompanied by increased volume, adding confirmation to the bullish move. Immediate support is at ₹700, with significant resistance now at ₹820, the upper boundary of the descending channel. The stock is trading above crucial moving averages, suggesting continued strength if it maintains above the breakout level. Longby Marketik2
ICICI Bank: Chart set upICICI Bank Observations - We are looking at daily chart of ICICI Bank - 5 day EMA and 21 day EMA at 1117 & 1119 respectively - red line of resistance around 1133-1137 odd levels - stock is near blue line of support for the 5th time ( not a conducive scenario) - 200 day EMA and green line of support around 1031-1040 levels For me this does not give confidence to go long on this stock at current price. From a short term trading perspective a Bear Call Spread strategy may be considered. Example of a Bear Call Spread Strategy Sell ICICI Bank 27 June 2024 expiry 1150 Call currently around 20 Buy ICICI Bank 27 June 2024 expiry 1180 Call currently around 11.4 Net receivables 700* 8.5 = Rs 6020 Margin required around 48K Potential Profit Margin 12.5% Loss Protection for a rise in stock price up to 1168.6 For me Ideal levels to buy the stock from a longer term perspective where Risk::Reward ratio would look favorable 990-933 odd levels. Follow risk management and consult your Financial Advisor before taking any action. Take care & safe trading...!!! by indiamarketoutlook113
Take Chalet hotel for Major upsideTake Entry at cmp 788 target 980 Term 8 Months Next average at 682 You can invest big amount and sit relaxLongby MVLINDIA3
HDFC BANK NSEDATE - 12th March 2024. HDFC Bank has breakout today with good amount of candle size and volume too. Applied Concepts Chart P. - Inverted H&S Positive Order Block from Daily Time Frame and Previous OB of Monthly TF as shown in chart. Only OB is not a good option so here we have applied FVG (Fair Value Gap) also, Price Action has successfully reversed from FVG and gave confirmation for potential upside movement. Targets 1st Target as per Chart P. is 1555 Rs. and Further upside Target as per OB and FVG is 1700+. Thank You! Have a Good Day. Longby KRSChartsUpdated 3383
Reliance will Support Nifty for Upmove?Reliance Industries, a major component of Nifty 50 with more than 10% weightage, is currently trading at 2850, which is the 61.8% FIBO retracement level of the last swing. We might expect a good bounce from this level. However, if this level does not sustain on a closing basis, we might see a fall to 2728, where there is a strong demand/support zone at 2647 - 2728. The monthly and weekly trends (50 SMA) for Reliance are positive, while the daily trend remains sideways for now. Watch Reliance closely, as its movement will likely influence Nifty's direction.Longby PriteshPal3
Triveni Turbine AnalysisTriveni Turbines in an bullish parallel channel. Today, Mean reversion seen at bottom end of the channel with a bullish engulfing candle on back of above average volumes, engulfing bodies of last 5 trading session's candles. Target towards the upper end of the channel.Longby tejasgaikwad3
Jio Finance BUY signalJio finance will give a big up-side move in coming days. today JioFinance launched a beta app and it will give a huge impact in the stock price.Longby karankumar16099
JSFB LONGThe Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure. The Elliott Wave analysis indicates that the stock has completed waves (i),(ii, (iii), and (iv), which are shown as blue numbers on the daily chart. Wave (v) appears to be underway at this time. It is anticipated that wave (v) will have about five subdivisions shown in red colour. Wave levels shown on chart. Level of Invalidation The Wave (i) has been identified as the invalidation level at 482. Because as per wave rules Wave (iv) cannot enter into the price territory of Wave (i). If the price falls below this level, it can indicate that the expected Elliott Wave pattern is not as it seems. I am not a registered Sebi analyst. My research is being done only for academic interests. Please speak with your financial advisor before trading or making any investments. I take no responsibility whatsoever for your gains or losses. Regards VJJLongby vjdj20049
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle 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 JKIL BUY TODAY SELL TOMORROW for 5%by Kapil-Mittal222
This stock Can give you more than 400% Returns in next 2-3 YearsHello everyone, i hope you all will be doing good in your Trading and in your life as well. I have brought an Investment Stock, where you can park some money to grow in long term. In actually in stock market most of people they have made huge money by investing in Good stocks only. So this is kind of long term investing stock. This stock has good management. Indus Towers Limited is engaged in the business of object of, inter-alia, setting up, operating and maintaining wireless communication towers. The Company has a tower market share of 33% and tenancy market share of 42% which makes it leader in the telecom tower industry in India. The Long term growth story just has started because this qtr we have seen good result from Indus Tower, and this can be continue in future. So invest and forget and make money by just doing small investment. Market Cap ₹ 61,970 Cr. Current Price ₹ 230 High / Low ₹ 236 / 135 Stock P/E 11.1 Book Value ₹ 87.9 Dividend Yield 0.00 % ROCE 11.3 % ROE 9.71 % Face Value ₹ 10.0 Industry PE 39.1 Debt ₹ 20,704 Cr. EPS ₹ 20.7 Promoter holding 69.0 % Intrinsic Value ₹ 190 Pledged percentage 30.5 %(Negative) EVEBITDA 5.78 Change in Prom Hold 0.00 % Profit Var 5Yrs -3.97 % Sales growth 5Years 33.8 % Return over 5years -3.84 % Debt to equity 0.87 Net profit ₹ 5,582 Cr.(Excellent) ROE 5Yr 20.2 % Profit growth 104 %(Good) KEY POINTS Leadership Position The Co. has a tower market share of 33% and tenancy market share of 42% which makes it leader in the telecom tower industry in India. Pan-India Presence As on March 31, 2022 the company’s net tower portfolio stood at 185,447 and net co-locations grew to 335,791. The closing sharing factor stood at 1.81 times per tower. It is the first tower company to have a presence across all the 22 telecommunication circles. High Customer Concentration The company's customers are Bharti Airtel, Vodafone Idea, Reliance Jio and BSNL. The consolidation in the telecom industry has resulted in the exit of some players. The tenancy ratio for the company remains steady at 1.8 times Pre-Merger Details The company (Bharti Infratel) held 42% stake in Indus Towers Ltd before it merged with it. It had an economic interest in ~97,000 towers before the merger. Merger with Indus Towers Bharti Infratel merged with Indus Towers on 19th November 2020. As per the scheme, the company issued ~76 crore equity shares to the various entities of Vodafone Group and ~8.7 crore equity shares to P5 Asia Holding Investments Ltd aggregating to 28% and 3% respectively in the post-issue share capital of the company. The equity capital of the company increased from ₹1850 crores to 2695 crores post the merger Vodafone Idea Ltd received cash consideration of ~3,760 crores for its 11.15% stake in Indus Towers as it was elected/ decided by the same. The name of the company was changed to Indus Towers Limited as per the scheme of amalgamation. Change in Shareholding Pattern Vodafone Plc sold 7.1% of its stake in Indus Towers for a total consideration of ~Rs. 3,831 Crores. Out of this, 4.7% was acquired by Bharti Airtel for a consideration of Rs. 2,388 Crores while the remaining 2.4% was sold to other investors. As a result of these transactions, Vodafone Plc’s holding has decreased from ~28% to 21%, and Bharti Airtel’s holding has increased from ~42% to ~46%. Focus The Co. will focus on diversifying into new areas like FTTH (Fiber To The Home), Active Maintenance, and Fiber Maintenance. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.Longby TraderRahulPalUpdated 3362
ATGL - Downward Trendline Pattern - Daily ChartATGL is making a Downward Trendline Pattern at Daily Chart. Gave BO on 23may, high volume. CMP is 979, Target probability is 1097 and 1230. Tomorrow's 1hr candle will decide the move. Keep Eyes on it. For learning and educational purposes only. by SatpalSUpdated 1
GANECOS Approaching Channel Resistance – Bullish Continuation? The stock is trading within an ascending channel, currently testing the upper resistance line. The RSI is at 64.56, indicating strong bullish momentum but not yet overbought. A significant increase in volume supports the potential for a bullish breakout above the channel resistance. The stock is trading well above its 100 EMA, which aligns with the lower channel line, indicating strong support around ₹918. Immediate resistance is at ₹1200, the upper boundary of the ascending channel. Support is at the 100 EMA and the lower channel line around ₹918. Watch for a breakout above ₹1200 with strong volume for a potential bullish continuation. If the resistance holds, look for support around ₹918.Longby Marketik1
Approaching Symmetrical Triangle Breakout – Bullish SetupThe stock is forming a symmetrical triangle, nearing the apex, which suggests a potential breakout. The RSI is at 57.40, indicating positive momentum and a potential for further upside. The MACD shows a bullish crossover, with the histogram turning positive, suggesting increasing bullish momentum. Volume has been increasing, adding confirmation to the potential breakout scenario. Immediate resistance is around ₹760, with support at the lower trendline around ₹620. A breakout above ₹760 with strong volume could lead to a significant bullish move. Watch for confirmation of the breakout for potential entry points.Longby Marketik1
Fans, Lighting, Pumps, Appliances making company is ready to flyHello everyone, i hope you all will be doing good in your life and your trading as well, i have brought another stock which is ready to fly in blue sky. It is an independent company under professional management and have 2 business segments – Lighting and Electrical Consumer Durables. Company name is Crompton Greaves Consumer Electricals Limited, and it is one of the leading consumer companies in India with a 75+ years old brand legacy. Product Portfolio:- Fans - Ceiling Fans, Table fans, pedestal fans, wall-mounted fans, Ventilating fans, heavy-duty exhaust fans, air circulators, industrial fans. In FY23, company has transitioned to the new BEE norms. Pumps - Residential pumps, Agricultural pumps, solar pumps, specialty pumps. Appliances - Water heaters, air coolers, mixer grinders, irons, small kitchen appliances, and power solutions. In FY23, company launched a range of built in kitchen appliances in top 10 cities. Lighting - LED lamps, Battens, panels, streetlights and floodlights, interior & architectural lighting, incandescent lamps, compact lamps, and Fluorescent lights. Stock is forming higher highs and higher lows pattern on weekly timeframe, and now it has taken support and formed higher lows on chart, there is higher probability we can see a follow through momentum in coming days. So this can be best entry levels to accumulate in lower levels for higher targets. Market Cap ₹ 20,161 Cr. Current Price ₹ 314 High / Low ₹ 328 / 252 Stock P/E 46.6 Book Value ₹ 42.6 Dividend Yield 0.96 % ROCE 16.0 % ROE 18.1 % Face Value ₹ 2.00 Industry PE 66.8 Debt ₹ 1,019 Cr. EPS ₹ 6.77 Promoter holding 0.00 % Intrinsic Value ₹ 125 Pledged percentage 0.00 % EVEBITDA 26.6 Change in Prom Hold 0.00 % Profit Var 5Yrs 7.42 % Sales growth 5Years 11.0 % Return over 5years 5.70 % Debt to equity 0.37 Net profit ₹ 440 Cr. ROE 5Yr 29.4 % Profit growth -17.5 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.Longby TraderRahulPalUpdated 44205
RTNPOWER_ Long power stockHi Guyz, Currently RTNL Stock has given good breakout from recent Highs. What's your View? Also fundamentals of this stock is giving good positive Note!! Post your views!!. Happy Trading and this view is for only Educational purpose Longby Babujoseph772
Titagarh -Flag PoleTitagarh :: Flag Pole breakout done Stay long with support at 1295Longby roshansaiUpdated 7
ADANI Total Gas(ATGL) | Rectangle pattern NSE:ATGL Adani total gas looking good for long. Trading above 50 and 20 EMA Chart pattern - Rectangle pattern - Triple top and double bottom. Indicators: RSI above 60 Exponential Moving averages Trade carefully as big events coming up like Election results and nifty trading ATH . Note: No BUY/SELL recommendation only for learning purposeLongby anikethpmUpdated 3
HATSUN Nearing Symmetrical Triangle Apex – Breakout Imminent? The stock is forming a symmetrical triangle, approaching the apex, indicating a potential breakout. The RSI is at 41.96, showing a bearish divergence, suggesting a cautious approach until a clear breakout occurs. Volume has been stable, but watch for an increase as the stock nears the apex of the triangle. Immediate support is at the lower trendline around ₹950, while resistance is at the upper trendline around ₹1100 Monitor for a breakout above ₹1100 or a breakdown below ₹950 for a clear direction. A breakout with strong volume could lead to a bullish move, while a breakdown might suggest further downside.Longby Marketik1
ATH breakoutHighest volume till date of this stock in daily and weekly time frame And that to in this type of volatile market must be some big player is taking entry or exit. If price breaks the current candle high, can give a good opportunity. NOTE: i do my analysis, do yours before trade.Longby GreyandWise1
ASHOKLEY STOCKNSE:ASHOKLEY stock is break the symmetrical triangle pattern. Buy entry is break and sustain above the 195 level (OR) after the retracement level of 185 range. Target 1 is 205. Target 2 is 220 to 227. stop loss break and close below the pattern.Longby BuySellTamizhaUpdated 4