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HCC - 14 years of resistance breakout Technical Analysis It had a fake breakout earlier this year, where the price temporarily moved above the resistance level but then fell back into the channel. Recently, there was a breakout accompanied by a significant increase in volume, suggesting buying interest. The stock has been respecting the 200-day EMA (Exponential Moving Average) since April 2023. The price is currently near the lower end of the channel, INR 42 could act as support. The RSI, indicating that the stock is neither overbought nor oversold. It is in a neutral zone. Potential Scenarios If the stock holds the support, the 14-year resistance turned support at 42 INR, it could move back up towards the initial resistance level of 54 INR, then 67 INR and 100 INR. If the stock breaks below the 42 INR level and the lower trend line of the channel, it could fall towards the 200-day EMA at 36 INR. Segment and Order Book The company has an order book of Rs.10,475 crore. Sector wise Breakup:- Transport - 48% Hydro - 26% Water - 20% Nuclear - 6% • Lowest bidder in projects worth ₹4,500 Cr. • Bids for projects worth ₹10,400 Cr are under evaluation. • Additionally, a bid pipeline of ₹46,440 Cr has been identified for future growth. Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
NSE:HCCLong
by Indieconomic
4
NITINSPIN Ready to FlyHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Formation of Range Bound in daily & Weekly TF. * From Dec 2023 to July 2024 its in range. * From Feb 2024 to July 2024 Tested & Moving Resistance Many times. * It's Break resistance Zone and trying to Sustain above Resistance Zone with good volume. * Volume Accumulation (Volume is Rising). What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:NITINSPINLong
by ChartSight
3
EASEMYTRIP LONGThe Elliott Wave analysis indicates that the stock has finished waves (i) and (ii), which are shown by blue numbers on the daily chart. Wave (i), also known as the impulse wave, unfolded into five waves, which are illustrated in red. Wave (ii), also known as the corrective wave, unfolded in an a-b-c pattern, as indicated in red. Wave (iii), the impulse wave, is unfolding in five waves, as illustrated in the red colour. Price is moving in a channel. As a breakout of the channel, Price will rise. It's a buying opportunity during a downturn (dip). The chart shows the wave levels. A double Bottom pattern is formed on the chart i.e. bullish reversal pattern. Level of Invalidation The invalidation level of 37 has been identified as the starting point for wave (i). If the price falls below this level, it means that the projected Elliott Wave pattern is not as it appears. I'm not a registered Sebi analyst. My research is done solely for academic purposes. Please consult your financial advisor before trading or investing. I bear no responsibility for your profits or losses. Regards, VJ.
NSE:EASEMYTRIPLong
by drvineet
27
WELSPUNLIVWELSPUNLIV Market Cap ₹ 16,935 Cr Industry: Textiles - Products Welspun Living Limited, part of the US$ 2.7 billion Welspun Group, is one of the largest home textile manufacturers in the world. Promoters 70% FIIs 7 % DIIs 6 % other 1% Public 16% My study shows on chart study with technical analysis . this made cup and handle with multi- year break-out and darvas box break-out this good signs for huge movement after some days . after retest stock targets all hits. its my prediction for MORE check in my Tv-id " in.tradingview.com " If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
NSE:WELSPUNLIVLong
by asAMOLSUTAR
14
Angel One - Educational Post- Best to wait and let it settleHow to find Support /Resistance of a stock when the stock tanks From the tool bar, draw Fibonnaci retracement at the All time high candle and draw it down to the next few available support levels. As you draw, the retracement lines should touch on the underlying Horizontal Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, etc.) In this example, the Stock highest candle was 3815, while 1940 was the multi year base where the stock had a breakout. As a investor looking to enter in to the stock, would be looking for a entry point, and through fibonacci retracement one can watch out whether the stock bounces from the support/resistance line. I have been tracking this stock and the stock now looks to be taking support again back to the earlier base i.e. 1940 levels. The other reason to use this stock as reference is because other stocks from the industry has reported excellent numbers and we all are looking for a good entry point for better risk/reward. I would recommend safe entry above 2058 one it touches 1940. Disclaimer : Fibonacci retracements are a tool, not a guarantee. Use them in conjunction with other analysis methods.
NSE:ANGELONE
by jain_geetesh
7
LAXMI ORGANICS - Start of New Bull Run?The stock has undergone a correction since 2021 after reaching its all-time high. Upon analyzing the correction, it appears that wave ABC has concluded at the 225 levels. The internal waves within ABC adheres to the Fibonacci ratio, with wave C being approximately 100% of wave A. The stock found support at the minor wave 2 of the major wave 3 from the previous bull run, positioning us at favorable levels in terms of risk and reward. Currently, it seems that we are in the initial stages of the major wave 1 of the upcoming impulse or bull run. To approach trading this situation, we can establish our position in two phases. The first part can be initiated at the current market price, followed by the next position once a retracement to the 38%-50% range occurs after reaching our minor wave 4 level of 395. The wave counts, entry points, stop loss, and target levels are all indicated on the chart. Disclaimer: Please note that the information presented in this analysis is intended for educational purposes only. It is highly recommended to seek advice from a financial advisor before making any investment decisions. I cannot be held accountable for any financial losses that may arise
NSE:LXCHEMLong
by harshit22
4
DIVISLAB and ONGC showing high rise in Future OIDIVISLAB The price has been consolidating in a narrow range for more than a year. Recently, the price successfully surpassed its resistance level. Since the breakout, the price has maintained above the breakout point and is steadily increasing. The current RSI is above 60, suggesting strong buying pressure. ONGC Before, the price was rising steadily, pushing the highs and lows higher. Since March’24, the price has entered a consolidation phase, and an ascending triangle pattern has been established. A breakout with significant volume has occurred recently. The RSI is currently above 60, indicating strong buying pressure.
NSE:DIVISLABEducation
by GoodluckCapital
2
Rane Brake Lining - Monthly Chart - Ascending Channel - LongRane Brake Lining Ltd. (NSE: RBL) moving in a clear Ascending Channel with support at the bottom of the channel retested multiple times as shown in the chart. The Price has again bounced after touching the bottom of the channel and RSI has a strong upward trajectory. Key Points: Ascending Channel: The stock has been trading within a well-defined ascending channel for several years. The price recently bounced off the lower boundary, affirming strong support at this level. Key Support Levels: The chart highlights multiple instances where the stock has found strong support at the bottom of the channel, reinforcing the robustness of this upward trend. Each bounce off the lower boundary has led to significant upward movements. Relative Strength Index (RSI): The RSI is trending upwards and currently stands at 63.9, indicating bullish momentum. The price has also broken above the trendline on Weekly timeframe as shown above. Disclosure: Invested at 960.15 Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
NSE:RBLLong
by gurinder1988
7
6 Years Consolidation Breakout in BEPL || (456%) upside possibleHello Everyone, i have brought another stock which has given breakout of long consolidation almost 6 years. Stock name is Bhansali Engineering Polymers Ltd and it is engaged in manufacturing and sale of ABS Resins, AES Resins, ASA resins, SAN resins and their alloys with other plastics in the Indian market. Its customers include leading companies dealing in Automobiles, Home Appliances, Electronics, Healthcare and Kitchenware. Technically and fundamentally stock is really good with awesome management. MACD is giving bullish crossover. Price is above 200-DEMA. Breakout already taken place and sustaining above to trendlines. Everything is suggesting bullish reversal in stock. Stock is good for short term to long term. If anybody is holding stock at least for 1-2 years, we can get returns more than 200-500% returns. I have written all the levels on chart for short term to long term traders, go accordingly. Business Overview:- Company manufactures ABS (Acrylonitrile Butadiene Styrene) and SAN (Styrene Acrylonitrile) resins. ABS is used to make light, rigid, molded products such as pipe, automotive body parts, wheel covers, enclosures, and protective headgear. SAN is a plastic copolymer with thermal resistant and chemical resistant nature and its uses including housewares and consumer goods, various compounded products, packaging, appliances (electrical and electronic). Focus:- Company is focusing on expanding its presence in the ABS segment with a capacity expansion program. It plans to intensify its efforts to optimize its share of the ABS market segment, especially from the automotive industry with the support of its JV with Nippon. Market Cap ₹ 3,903 Cr. Current Price ₹ 157 High / Low ₹ 160 / 81.6 Stock P/E 21.6 Book Value ₹ 37.0 Dividend Yield 2.49 % ROCE 24.4 % ROE 18.1 % Face Value ₹ 1.00 Industry PE 19.6 Debt ₹ 0.00 Cr. EPS ₹ 7.22 Promoter holding 57.5 % Intrinsic Value ₹ 106 Pledged percentage 0.00 % EVEBITDA 14.6 Change in Prom Hold 0.00 % Profit Var 5Yrs 31.1 % Sales growth 5Years -0.05 % Return over 5years 27.2 % Debt to equity 0.00 Net profit ₹ 180 Cr. ROE 5Yr 28.8 % Profit growth 32.3 % Earnings yield 7.34 % 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.
NSE:BEPLLong
by TraderRahulPal
31
Tata Motors Date 04.07.2024 Tata Motors Time frame : Weekly I have taken long chart to display that how beautifully technical analysis works in big stocks where manipulation is not possible or not that easy. Therefore i personally request each one of you to practice technical analysis & take trades based on technical analysis only at nifty 50 & bank nifty stocks with higher market caps. Coming to the stock mentioned below are the key points; 1 use fibonacci retracements to buy on dip, 50% & 61% are best in case of dip. 2 Use flag for swing trades as support & resistance 3 Use flag breakout for long trade Regards, Ankur
NSE:TATAMOTORS
by AnkurSingh
5
Infosys - A Long ViewCMP - 1627 on 04.07.24 The weekly chart shows the support and resistance to the price movement. If crosses 1680 and sustains above, it may go into a bullish phase. Possible targets are 1730/1850/1900++ MACD is also showing a possible crossover. At the the time of crossing 1730, we will complete the head & shoulder pattern formation which is in progress right now. Keep in mind that the support seems around 1510, which can be seen at any time of correction. Better to make the strategy according to the cash segment, which allows us to accumulate many times. If the price trades below the triangular pattern, this setup will go weak. Always plan your trade, in any case, the risk-reward ratio must be good. Don't hesitate to exit when hitting your risk management. This illustration is only for learning and sharing purposes, not trading or investment advice in any form. All the best.
NSE:INFYLong
by anandlive
9
BANKNIFTY Intraday Trade Setup For 1 Jul 2024BANKNIFTY Intraday Trade Setup For 1 Jul 2024 Bullish-Above 52750 Invalid-Below 52640 T- 53250 Bearish-Below 52240 Invalid-Above 52350 T- 51645 BANKNIFTY has closed on a bullish note with 1.32% gain last week. In the last two days out of 5 sessions it turned slight bearish or can call this a profit booking. Also I alerted 27 Jun EOD that there is a possibility of reversal in case it trades below 52600. It got triggered and now this downside move will be neglected only when it make a bullish price structure in 15 Min TF. 52750 and 52240 will be trigger levels for tomorrow's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 52750 then we will long for the target of 53250. For selling we need a 15 Min candle close below 52240. T- 51645. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
3
IDFC First Bank : 34% to 218% Upside Potential#IDFC First Bank : 01 Jul 2024 "Life is Simple, we make it complicated, So is Trading. Discover Simple, Yet POWERFUL IDEAS." In Play : HH : HL Summary • CMP : 82 • Clean Price Action with Vol favor's BULLS FOOT PRINT • Nice CONSOLIDATION of around 8-10 months • Trading right AROUNG VP mountains - ATH : 100.70 Conclusion • CMP 82 • Looks good for going NORTH • Higher Levels could be around o Imm Higher Levels : 110/124 o Potential Levels : 168/262 Wish You Happy & safe trading "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:IDFCFIRSTBLong
by DhirajSinghBais
10
Reliance Industries: The Mukesh Ambani of Stocks Attention, traders! Buckle up, because Reliance Industries Limited is ready to take off like a rocket ship to the moon! 🚀📈 We’ve spotted some exciting price action and technical patterns that you won't want to miss. Let’s dive into the details. I. Price Action Overview Chart Analysis Current Price: ₹3,061.10 Daily High: ₹3,075.00 Daily Low: ₹3,012.00 Volume: 14.192M II. Key Technical Indicators Bullish Flag Pattern: RIL is climbing faster than Antilia's elevator during a power outage. The chart clearly shows a bullish flag pattern, a classic continuation pattern indicating potential upward movement. Breakout Confirmation: We've seen a solid breakout from the flag pattern, signaling a potential rally. Volume Breakout: Trading volume is higher than the number of JioMart deliveries on a Sunday. This suggests strong conviction in the move. Accompanying the price breakout, there's a significant increase in volume, further confirming the bullish momentum. III. Trading Idea: For the brave Ambani-wannabes out there, riding this uptrend could be more thrilling than a Bollywood blockbuster. But remember, timing the market is as tricky as navigating Mumbai traffic during monsoon! Price Targets and Support Levels Immediate Resistance: ₹3,100.00 - This is the next level to watch. A break above this could open the doors to higher levels. Support Levels: Primary Support: ₹2,800.00 - A key level to hold for maintaining the bullish outlook. Secondary Support: ₹2,559.25 - This is a more conservative support level, aligning with previous consolidation areas. IV. Risks: If this rally loses steam, the stock could drop faster than your data speed when you run out of Jio balance. Keep an eye on oil prices and telecom regulations, and be ready to book profits quicker than you can say "Jio Dhan Dhana Dhan". V. Final Thoughts: Reliance Industries is flexing its muscles like Mukesh Ambani at an AGM. Will it continue to dominate the market like it dominates your phone bill, or will it take a breather? Only time will tell, but one thing's for sure – this stock is more diverse than the menu at a 5-star hotel buffet! Disclaimer: This analysis is about as guaranteed as a glitch-free day on the MyJio app. Always do your own research and consult a financial advisor before making investment decisions. Happy trading, and may your profits be as hefty as Reliance's market cap! 💼
NSE:RELIANCELong
by TRADING-NASA
2