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Force Motors: A Technical and Fundamental Play in Demand ZoneWelcome traders! Today, we're diving deep into Force Motors, a stock currently sitting in a significant demand zone. Let’s break down the technical and fundamental aspects that make this stock an interesting opportunity. Monthly and Weekly Demand Zones: When we look at the monthly chart , Force Motors is currently trading in a strong Rally Base Rally (RBR) demand zone . This zone is a crucial area where price often finds support and can lead to a bounce back. If we zoom into the weekly chart , we notice that the price has already reacted from a weekly RBR demand zone nested inside the monthly zone. Last week’s candle formation is notable because it’s an absorption candle , indicating that the selling pressure has been taken over by buyers. 📊 Volume Analysis: The presence of large green volume bars compared to smaller red bars further suggests that the selling is minimal, showing a clear sign of strength. The price is currently in a healthy pullback from its all-time high, which often provides a great buying opportunity for savvy traders. 🧠 Fundamental Strength: A Company on the Rise 💪 Force Motors is not just looking good technically; its fundamentals are also rock solid. The company's Piotroski F-score is 9, indicating strong financial health. This score assesses several financial criteria, including profitability, leverage, and operating efficiency, confirming that the company is fundamentally sound. Recent quarterly (June 2024) numbers are impressive: Net Sales: Rs 1,884.90 crore in June 2024, up 26.71% from June 2023. Net Profit: Rs. 115.70 crore in June 2024, up 68.76% from June 2023. EBITDA: Rs. 264.13 crore, up 37.52% from June 2023. EPS: Increased to Rs. 87.81 from Rs. 52.04 in June 2023. These numbers reflect not just growth but also consistent performance. Such fundamentals often provide a safety net for technical setups, adding an extra layer of confidence. 🔍 Institutional Interest: The Big Players Are Watching 👀 We always like to see where institutional money is flowing because it often moves the market. For Force Motors, the institutional investment data is promising: FII/FPI holdings have increased from 6.34% to 7.78% in the June 2024 quarter. Number of FII/FPI investors rose from 124 to 160. Institutional Investors’ holdings jumped from 7.20% to 8.80%. This surge in institutional interest tells us that the big players are finding value in Force Motors at these levels. Their buying can lead to further price appreciation as they tend to have a long-term view. The current price is trading in area where institutions have increased their stakes most probably, indicating that these monthly and weekly demand zones are genuine footprints of smart money. This means we are aligning our trades with institutional players. The likelihood of the price falling from this area is quite low because institutions typically protect their positions. These demand zones suggest that there may be pending or unfilled buy orders from smart money, so entering a trade here means we are trading alongside these big players. 💡 Trade Setup: A Clear Plan for Traders 🗺️ Based on the technical and fundamental analysis, here’s a potential trade setup: Entry: You can consider buying at the current price level, which is within the strong demand zone. Stop Loss: Place your SL below the demand zone or, if you don't want to take big risk, just keep SL below last week’s candle low with a buffer. Target: Aim for at least a 1:2 risk-reward ratio. You can ride the rally by trailing your stop-loss, ensuring you lock in gains as the stock moves in your favor ⚠️ A Word of Caution: Always Manage Your Risk Trading is about probabilities, not certainties. Even the best setups can fail, so always manage your risk. This analysis is for educational purposes only. I'm not a SEBI registered analyst, and you should do your own research before making any trading decisions. 🔥 Keep Trading and Keep Growing! 📈💪 "Success in trading is not about being right, but about managing your risk and emotions." 💡 Thank you for your support, likes, and comments. Feel free to ask any questions! Your interaction keeps me motivated to share more valuable insights. Happy trading, and may the markets be ever in your favor! 🎯🚀
NSE:FORCEMOTLong
by AfnanTAjuddin
2
Bullish Harami candlestick Pattern Seen near support zoneHello Everyone, i hope you all will be doing good in your trading and your life as well. I have brought a stock which has taken support near to important support zone and has formed bullish Harami (Pregnant Lady) candlestick pattern. Nifty is highly bullish so all the stocks giving participation in the rally, BPCL just have started. Behalf of this Harami candlestick pattern stock can react and take support in this zone and price can move upward from here. All the Targets, entry levels and the Stop loss has already mention on chart above. Please go through to know that. First let's discuss about this Bulish Harami Candlestick Pattern. Bullish Harami candlestick pattern is a price chart pattern that signals trend reversals in an ongoing bear market. Bullish Harami candlestick pattern is a two candlestick pattern in which there is a long bearish candlestick and small bullish candlestick pattern. About Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing of petroleum products. Presence Across Value Chain Retail (Petroleum) - The company owns 82 retail depots and operates ~20,000 retail outlets across India. Presently, it has a market share of ~26% in the domestic petroleum market. LPG - The company owns and operates 54 LPG bottling plants and serves over 6,200 distributors of LPG in India. It has a base of ~9 crore customers with a market share of 27%. Industrial/ Commercial - The company serves 8,000+ customers and provides them with a reliable supply of industrial and commercial petroleum products. Aviation - The company has 56 aviation service stations across airports in India and has a 21% market share in ATF (Aviation Turbine Fuel) in the domestic market. Lubricants - The company sells more than 400 grades of lubricant products through its own brand MAK Lubricants. It has a market share of ~25% through a base of over 18,000 customers. Gas - The company has a customer base of 55+ major LNG customers. The company undertakes this business through its wholly owned subsidiary Bharat Gas Resources Ltd which has business interest in 50 GAs (geographical areas). Market Cap ₹ 1,46,685 Cr. Current Price ₹ 338 High / Low ₹ 367 / 166 Stock P/E 7.53 Book Value ₹ 174 Dividend Yield 6.21 % ROCE 32.1 % ROE 41.9 % Face Value ₹ 10.0 Industry PE 10.4 Debt ₹ 54,599 Cr. EPS ₹ 43.9 Promoter holding 53.0 % Intrinsic Value ₹ 352 Pledged percentage 0.00 % EVEBITDA 5.25 Change in Prom Hold 0.00 % Profit Var 5Yrs 28.2 % Sales growth 5Years 8.48 % Return over 5years 7.77 % Debt to equity 0.72 Net profit ₹ 19,056 Cr. ROE 5Yr 23.0 % Profit growth -2.86 % Earnings yield 15.5 % PEG Ratio 0.27 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:BPCLLong
by TraderRahulPal
4
ICICI Bank & M_M See Significant Open Interest GrowthICICI Bank The current stock price is navigating through an ascending parallel channel, demonstrating a strong upward trend characterized by a series of higher highs and higher lows. Recently, the price has successfully breached the upper boundary of the parallel channel and is attempting to maintain its position above this breakout level. A significant rise in future open interest—approximately 27%—has been observed for this stock. This increase in both the stock price and future open interest suggests that major investors are optimistic regarding this stock. As long as the price stays above the 1300 level, the overall sentiment is expected to remain positive. Mahindra & Mahindra The stock is experiencing a robust upward trend, consistently achieving higher highs and higher lows. During this upward movement, the price has formed a bullish Pole & Flag pattern. Recently, following a notable breakout accompanied by substantial trading volume, the stock has reached its all-time high. Additionally, there has been a significant increase in future open interest, which has risen by nearly 16%. This growth in both the stock price and future open interest indicates that major investors are confident about this stock.
NSE:ICICIBANKLong
by GoodluckCapital
3
Kfintech - Flag & Pole Breakout - Buy above 1095. SL-983KFintech generates revenues primarily through service fees, subscriptions, and transaction-based charges. Its client base includes: Mutual Fund Companies: Providing technology and operational support for mutual funds. Wealth Management Firms: Offering technology platforms that enable the management of investor portfolios. Corporate Issuers: Handling IPO processes, corporate actions, and compliance. Boom in IPO and rights issue makes this stock very attractive. The chart has formed Flag & Pole Patternand one can enter only above 1095 for targets of 1230/1450, with strict stop loss of 983
NSE:KFINTECHLong
by jain_geetesh
4
RVNL - VCP patternThe Volatility Contraction Pattern (VCP) is a technical chart pattern often used in share trading to identify stocks that are preparing for a breakout. Volatility Contraction pattern development in RVNL . first level is 19.9 % Second level is17.25 Stock is now following the Trend lines pattern as shown . Not necessary it will follow the same pattern. Observations : 1. Multiple Contractions vcp-1@ 19.9 % , VCP-2 @ 17.25 % 2. Volume dry up- 3. But there is no Higher Low formation - indicating the requirement for more time to reach actual Breakout. We can expect additional 2 or 3 Volatility contractions before actual break out . This is not a buy sell recommendation - only for study purpose .
NSE:RVNL
by faizalummmer
10
Case Study: Kotak Mahindra Bank Breaks Long-Term Trendline (W)Pattern: Long-Term Trendline Break Stock: Kotak Mahindra Bank Timeframe: Weekly Status: Trendline broken with volume confirmation Pattern Characteristics: The stock has tested the long-term trendline 5 times in the past, failing to break through. Finally, it has broken above the trendline with a significant spike in volume, indicating a strong momentum shift. Key Observations: Resistance Trendline: The stock has been consistently rejected at this trendline for months but now shows a clear breakout. Volume Confirmation: The breakout was supported by a noticeable increase in trading volume, which adds confidence in the validity of the move. Breakout Implications: 1) Bullish Confirmation: A clean break above the long-term trendline suggests that the stock could enter a new bullish phase. The volume spike suggests strong buying interest. 2) Watch for Retest: Sometimes, stocks retest the broken trendline. If it holds as new support, that’s another strong signal of continued upside. Trading Strategy: Entry: Consider entering on a pullback or retest of the broken trendline, or ride the momentum if it continues. Stop Loss: Place a stop loss below the trendline in case of a false breakout. Target: Set targets based on previous resistance levels or recent highs on the weekly chart.
NSE:KOTAKBANKLong
by TechnoTrader10
2
Bandhan Bank: Momentum Builds, Can It Break Resistance?Technical Analysis of Bandhan Bank: Bandhan Bank is currently in an accumulation phase, characterized by relatively high trading volumes. The stock is showing strong weekly momentum, suggesting potential upward movement. Key resistance levels have been identified, with Resistance 1 at 258 and Resistance 2 at 345. However, with the Nifty index trading at its peak, a broader market correction could make these targets harder to reach in the near term. Disclaimer: This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
NSE:BANDHANBNK
by sandeepbalachandran
2
Hariom Pipe CnH and RetestHeadquartered in Hyderabad, Telangana, Hariom Pipe Industries Limited is an integrated steel manufacturer with a stronghold in the South Indian market. It hasa diverse product portfolio consisting of Mild Steel (MS) Billets, Pipes and Tubes, Hot Rolled (HR) Coils, and Scaffolding Systems. Technically chart is forming CnH Pattern and retested the BO levl of 740. Currently hovering around 760. The CnH pattern is showing a tgt of 1000+ FII holding increasing, Good sales growth and ROCE. overall good fundamentals. The only negative is increasing debt. Please do ur own analysis before investing.
NSE:HARIOMPIPELong
by trendlines139
2
**MFSL has formed a bullish rounding bottom**MFSL has formed a bullish rounding bottom, indicating a potential reversal. The recent breakout above 1,150 confirms this pattern. Key points:- Upward Trend: The stock's price is trading above its 50-week moving average, suggesting a positive long-term trend. Breakout Confirmation: The successful breakout from the rounding bottom pattern reinforces the bullish outlook. Volume Support: The surge in trading volume accompanying the breakout indicates strong buying interest. Recommendation: MFSL is a potential buy With short-term targets of 1,250 to 1,350. For long-term investors, holding the stock could potentially give greater returns.
NSE:MFSLLong
by Trade_with_Madhav
2
A Bullish Breakout Analysis of Alkyl AmineAlkyl Amine stock has recently exhibited a noteworthy price action following a consolidation phase that extended beyond 1,000 days. The stock has successfully retested a pivotal support level and demonstrated a robust bounce, closing above this key level, accompanied by a significant surge in buying volume. This development is indicative of a potential shift in the trend towards a bullish posture. From an Elliott Wave analysis perspective, the stock appears to be in the early stages of a wave pattern. This observation aligns with the bounce occurring at the 61.8% Fibonacci retracement level from the most recent higher high, suggesting a critical change in momentum. Further validating the bullish outlook, momentum indicators such as the RSI and the MACD are showing favourable signals on both the daily and weekly timeframes, reinforcing the likelihood of upward price movement. In terms of potential price levels, the current-demand zone is identified between 2305 and 2349 . Should the stock succeed in closing above the initial resistance level at 2484 , the next resistance levels to monitor would be at 2848 , 3162 , and ultimately 3526 . Disclaimer: 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 any investment decisions.
NSE:ALKYLAMINELong
by NiftyNotions
6
Bullish Momentum in Welspun Specialty Solutions Ltd.Penny Stock with Multiple Channel Breakouts Details: Asset: Welspun Special (WELSPUN) Breakout Level: Sustained move from ₹40 to ₹58 with weekly channel breakouts Potential Target: Continued upward momentum Stop Loss: Below current breakout levels or as per risk tolerance Timeframe: Short to medium-term Rationale: Despite a minor decline in Y-o-Y net sales for June 2024 (₹162.10 crore, down 0.45%), Welspun Special has shown strong bullish momentum, rising from ₹40 to ₹58 in a few months. The stock is experiencing multiple weekly channel breakouts, indicating continued interest and upward potential. Market Analysis: Technical Breakouts: Multiple channel breakouts each week suggest sustained bullish momentum, with the stock steadily climbing despite fluctuations in its financials. Penny Stock Opportunity: As a penny stock, Welspun Special offers high volatility and upside potential, making it a speculative but attractive play for investors looking to allocate a small portion of their portfolio. Company Performance: While net sales show a minor decline, the stock's technical pattern and market interest seem to outweigh short-term performance. Price Target: The target is open, based on the continued upward trend and multiple breakout patterns. Investors could see further gains beyond ₹58, depending on market conditions and momentum. Risk Management: Given that Welspun Special is a penny stock, investing no more than 0.5% of your portfolio is a prudent risk management strategy. This allocation mitigates potential losses while allowing exposure to a high-growth opportunity. Timeframe: The timeframe for this idea is short to medium-term, but with potential long-term gains depending on how the stock continues to perform. Risk-Reward Ratio: With high volatility, the risk-reward ratio should be carefully assessed. Only a small portion of the portfolio should be allocated due to the speculative nature of penny stocks. As with any high-risk, high-reward investment, perform thorough research and consider risk management strategies before investing in penny stocks like Welspun Special.
BSE:WELSPLSOLLong
by CyborgTradingHub
2
CENTURYPLY - Breakout Cup patternCENTURYPLY has shown a strong bullish breakout from a cup and handle pattern, which suggests a potential continuation of the uptrend. The increase in volume during the breakout supports this bullish sentiment. Key Observations Cup and Handle Formation: The chart appears to be forming a "Cup and Handle" pattern, which can often signal a bullish continuation after a period of consolidation. Breakout: The stock has recently broken above the handle of the cup, indicating a potential bullish breakout. Volume: The volume has increased during the breakout, supporting the bullish momentum. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index, or any other financial instrument at any time.
NSE:CENTURYPLYLong
by supertraders_india
2
Pheonix - How to draw TrendlineTrendlines are easily recognizable lines that traders draw on charts to connect a series of prices together or show some data's best fit. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move. Trendline in combination of candlestick pattern helps in confirmation of important support and resistance levels. Important points while drawing a trend line. It should not be toos lant. Two or more points should a reasonably away from each other. I hope this post helped you in learning Trendline.
NSE:PHOENIXLTDLong
by PowerOfTA
3