GSFC | Trendline + Resistance BO | Double Bottom For Education Purpose only!!!!
✅GSFC is a key player in fertilizers and industrial chemicals, but recent financials suggest challenges in growth and efficiency. Suitable for risk-averse investors seeking dividends, but requires deeper analysis for growth prospects.
⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
⚠️Buy on most timeframes, with positive indicators supporting upward movement
⚡️Strong "buy" signal from exponential and simple moving averages over medium and long durations
🎯Stock is in an uptrend with bullish signals from longer-term moving averages (50-day and 200-day moving averages)
✅Check out my TradingView profile to see how we analyze charts and execute trades.
💡✍️Technical Analysis:-
✅Trendline BO
✅Resistance BO
✅Range BO
✅Strong Demand Zone
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
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Community ideas
Hudco - Breakout from downward trend!!Hudco has given a breakout of downard trend. It may retest again at a zone marked in green. We believe it is heading towards 300 as first target and then to ATH. Following are the factors:
1. Beneficiary of PMAY 2.0 scheme - more disbursements to every kind of sector.
2. Recent agreement with NBCC for land development in Noida
3. Financing Amravati Project in AP and Bangalore Ring Road
4. QoQ and TTM results are superb
5. Breakout of latest swing high from a downward channel.
6. Volumes are also building
Keep following @Cleaneasycharts as we provide Right Stock at Right Time at Right price.
Cheers!!
Indiamart Again - Low Risk SetupCMP 2344 on 01.12.24
1. In recent sessions, the stock has formed a cup & handle pattern. But could not give a breakout of the formation.
2. At present, tested the lower level of HANDLE and formed a Double Bottom Pattern & gave a bounce back too.
3. If the momentum continues, may go into a bullish phase.
4. MACD is showing a reversal too.
5. The risk-reward ratio is quite good at the moment.
NOTE - The above illustration is my own view, shared here only for learning and observation purpose. it is not a bit of trading advice in any form.
All the best.
ICICI Prudential Cmp 700 Price Rise with VolumesICICI Prudential Cmp 700 dated 29-11-2024
1. Consolidation Bo above 702
2. Made almost 20% correction from highs
3. RSI reversal
4. Price Rise with Volumes
Buy above 702 SL 665 target 710-720-730-745-755-765-770
It is just a view, please trade at your own risk.
Mazagon Dock cmp 4594.15 by Daily Chart view*Mazagon Dock cmp 4594.15 by Daily Chart view*
- Support Zone 3840 to 3920 Price Band
- Resistance Zone 4820 to 4960 Price Band
- Price Breakout above Falling Resistance Trendline
- Weekly Support at 4325 > 3920 > 3550 with Resistance at 4960 > 5265 > 5550 > ATH 5860
- *Decent probability maybe anticipated to breach across the Resistance Zone by the way the Volumes are building up over the past few days*
RuBY mills Ltd. may give multiyear break out -3X return on cardsThe share price consolidated for 15 years and then gave a breakout but again went into consolidation which again now going for the breakout. Entry at the present price looks good and but bit risky. So, take the entry above 335 weekly or monthly close to avoid stop-loss hitting
So Present entry 280-290 (bit risky)
entry after 335 weekly or monthly close (very little risk)
Pattern double bottom or cup and handle breakout
Voltas Date 27.11.2024
Voltas
Timeframe : Day chart
Remarks :
1 Bearish crossover between 20 ema & 60 ema
2 Breakdown of symmetrical triangle followed by bearish crossover mentioned above
3 Might test 200 ema falling in accumulation zone as highlighted
4 Trading below ichimoku cloud followed by negative crossover & flat future kumo
5 Flat future kumo is sign of resistance
6 In winters seasonal business is generally low compare to summer sales for Voltas
7 Buy : either breakout of kumo or resume of symmetrical triangle
8 Buy : either it touch down 200 ema
9 As of now weak set-up
Regards,
Ankur
Britania - Trend may continueStock now trending in HH HL flow
Previous strong resistance broken which may now turn into strong support
Area of 4925 - 4975 will work as a strong cushion
Any hourly close below that will negate the view
Upside now resistance till 5120
Risk reward appealing
Waiting for a proper entry candle
GMMPFAUDLR Trading Above Tested Weekly Demand ZoneGMMPFAUDLR is currently trading at ₹1201, above its demand zone between ₹1175 and ₹1111, identified on 17th November 2023. This tested zone suggests potential buying interest if the stock price revisits this range. Investors may watch for a pullback to these levels, which could offer a buying opportunity near this support area.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
UNION BANK LOOKING STRONG ON CHARTS POSITIONALLYThe stock has retested it's monthly trendline, Horizontal S/R zone and taking support on
200 EMA.
Looks good positional above 122.5 (day/weekly close) for mid-term to long-term targets of 140/150/160/170
SL day close below 105.
This idea is for Educational Purpose only! Please do your own research before taking any trade based on my charts.
Learn & Earn,
Dr. Tanya Kumar
#CDSL Poised for a Breakout!📊 Stock Analysis: #CDSL Poised for a Breakout! 📊
📈 Breakout on the Horizon: Over the last couple of sessions, #CDSL has displayed notable strength, making another attempt to break out. While its previous breakout attempt was hindered by market volatility, frequent resistance tests typically strengthen that level, increasing the likelihood of a successful breakout this time. 🔥
With the broader market signaling a rebound after finding support, momentum is building, providing a favorable setup for #CDSL to achieve a strong breakout. This resilience is a bullish sign, but it’s critical to follow a strict stop loss as the market's stance remains weak to moderate. 🚨
Target: 1700-1800
Stop Loss: 1480
Trade Risk Free Exit (20-30%): 1620
R/R Ratio: 3-4
💡 Keep #CDSL on your radar for its potential to capitalize on the renewed momentum! 👀
📢 Disclaimer: This analysis is for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions. 💼
#StockMarket #TechnicalAnalysis #BreakoutStocks #MomentumTrade #InvestSmart
TCS FOR SWING TRADETCS Swing Trade Idea
Timeframe: Weekly
Observation:
TCS has entered a strong demand zone on the weekly chart, indicating a potential reversal or continuation of an upward trend. The price action suggests that buyers are actively defending this zone, providing a solid risk-to-reward opportunity.
Analysis:
Demand Zone: Clearly visible on the weekly timeframe, supported by historical price reactions.
Volume Profile: Higher buying volumes observed near the demand zone, adding conviction.
Risk-Reward Setup: Place a stop-loss slightly below the demand zone with targets at key resistance levels (based on Fibonacci or previous highs).
Disclaimer: This is for educational purposes and not financial advice. Please do your due diligence before trading.
HCLTECH |Upcoming Trade set up|Hey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending Triangle Pattern in Daily TF.
* From Sep 2024 to Nov 2024 Tested & Moving Near Resistance Many times.
* It's Near resistance Zone and trying to Sustain Near Resistance Zone with good volume good closing required.
* 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.
Long trade in BSE Multiple VCP contractions visible on hourly timeframe. Relative strength (stan weinstein) is also rising. This presents a low risk entry in the stock.
Aggressive traders can enter right away with SL of 4650 (end of day closing)
Conservative traders can enter with SL of 4480 (end of day closing)
For those looking for more conformation, can wait till breakout above 4900 with good volumes.
Disclaimer: This is not a recommendation, do your own research before taking positions.
Classic Double Correction PatternThis is a classic example of Double correction (Double three) in HDFCLIFE.
Marked in the first box, we can see Flat Correction where wave B is retraced to the 81% level. We are fulfilling the minimum requirement (61.8%) of wave B. Here in wave C, we see three waves. This is the first hint of an upcoming complex correction. The whole wave is marked as W here.
In the second box, there is a perfect Zig-zag pattern. Wave B is retraced to 50% here. Also, we can see three waves in wave C, which gives us wave Y.
These two waves are connected by wave X which is retraced to 111%.
This is the best example of Double correction.
This analysis is for educational purposes only.
This analysis is based on Elliott Wave theory and Fibonacci analysis.
Hammer Candlestick Pattern on support zone in Bajaj FinanceHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a short term swing Trading Idea in Bajaj finance. Stock have formed hammer candlestick pattern on perfect support zone, Bajaj finance stock is trading inside the triangle pattern and chances are very high that we can see this towards upper resistance of triangle pattern which i plotted on chart above. Overall i feel stock should rise from here and no double over the period if we can see most awaited breakout in Bajaj Finance.
Technically stock is looking good for swing trade, and also if anybody wants to think for long term can take entry as chances are high that this time after spending some time we will see finally breakout in it. Please follow strictly stop loss which i mention above on chart, it will save you if something goes against to our analysis.
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.
BAJFINANCE - Ready To Bounce from LongTerm Support AreaThe chart shows Bajaj Finance Ltd. forming a 3-year long ascending triangle pattern, a bullish continuation setup.
Key observations:
1.Consistent higher lows indicate strong buyer support along the long-term uptrend line.
2.A bullish hammer candlestick suggests a potential reversal near the support level.
3.The stock has also formed a triple bottom near long term support making a confluence area.