Initially, taking a look at the Monthly-timeframe development, it could be noted that the price is printing huge wick candles, which emphasises the inability to continue pushing in the upside destination. Identifying all crucial key zones and levels of decision, we may point out the importance of the 2.07 key region, the borders of which could be visited in the...
Company has reduced debt. Company is almost debt free. Company has a good return on equity (ROE) track record: 3 Years ROE 26.0%. Company has been maintaining a healthy dividend payout of 39.7%. Company's working capital requirements have reduced from 34.3 days to 10.4 days. Reported Revenue 545.3 Cr Reported Revenue YoY +++ 8.83 % EBITDA...
Initially, looking at the Weekly-timeframe chart on the left-hand side of the screen, it could be inferred that the price has been unable to break below the major key zone of 1.072 and, ever since, it has been impulsing in the upside destination. Judging by the ongoing build-up, the bullish wave does not show any signs of stoppage and is continuing to move in the...
Hello traders and investors! I'll share the forecast I made in mid-March. On the weekly chart, there's a sideways movement, with a bullish vector 5-6 targeting 0.69205. On the daily chart, we also see a sideways movement, with a bullish vector 7-8 targeting 0.66345, 0.66676. I'm awaiting price interaction with the daily targets to update the forecast. For a more...
1. 15M Swing turned bearish. 2. INT structure is bearish. 3. After swing BOS we expect a swing pullback. So now INT structure could turn bullish to facilitate swing pullback. 4. We can follow the bearish OF and take shorts from this 4H and 15M supply area but it will be risky. Wait for confluence.
Chart Analysis Take a look at the 2D chart for BINANCE:PENDLEUSDT , and you'll notice that it's been forming a beautiful Bullish Flag pattern 🏔️. This is an incredibly bullish sign, as it indicates that the market has been consolidating its gains after a significant uptrend 💥. The flagpole is the upward trendline that formed during the initial surge, while the...
On the daily timeframe, the price is consolidating. The current buyer's vector 10-11 has not yet reached its targets. The price movement has stalled in the range of 70,400-72,000. The price is currently within the daily candle of May 20, 2024, which has the highest volume in the buyer's vector 10-11 (marked "tKC" on the chart). You can look for buying...
Liquidity is being beautifully built using our magenta tapered selling which is a bullish liquidity builder. This is forming a H&S which is allowing us to build enough liquidity and buyers to make a healthy and sustained reversal move. I'm looking for this to happen in the same way it's happened before - Magenta & teal controlled selling. This would be much...
Its been 4 years since SAIL recovered from rock bottom price of 20. When late Big Bull Rakesh J took stakes in SAIL, it was trading somewhere around 90 and had reached a peak of 150+ and fell again to 65-70 levels It took 2 years to complete the return journey back to 150+. Lets now compare the short- and long-term views and respective targets Long Term View:...
1) Stock is in uptrend in Monthly , weekly. 2) The trendline that connects highs of 2007,2010,2021,2024 are about to be broken on the upside - Price confirmation indicates the same. 3) Weekly Price shows Morning star reversal. Note : This stock has not participated in the bull rally of 2023. Entry - Anywhere between 122-135. I see aggressive entries can be...
Just as I explained in my blog the following sectors are going to blast after the Elections given the Government's focus and investments Railways Defence Space Infrastructure Green Energy AI And like the Indian Preamble says "For the People, By the People, Of the People" - the above sectors are For - consumption by Indian people By - Indian...
Vedanta is in limelight for 2 major reasons. 1. Upcoming Vertical Demerger of Vedanta into 5 different stocks (The Panja-Boodhas) - Apart from the technical breakout levels, the demerger is going to lead to a humungous gain to the shareholders when each of the stock is going to rise to higher levels individually 2. The 16 year Long Box Pattern Consolidation and...
Weekly Time frame: Daily time frame: 4H time frame:
1) The stock is in uptrend in all major timeframes. 2) The stock is in weekly consolidation since JAN 2024 - 4 Months old weekly consolidation. 3) The stock shows strong volatility contraction in Daily, looks poised for breakout. 4) Weekly,Daily,4H & 75 min RSI Intact - Momentum in play. Entry around 230, Best - Between 215-220. SL - 214 Daily closing...
1) Stock is reversing from a 6 weeks old consolidation at a major weekly support - Previous low. 2) Stock is in uptrend 3) Daily is showing Bullish RSI Divergence. 4) Daily Price indicates compression Breakout as well. My entry - 350 Target - 400 SL - 325 RR - 1:2
Railways stocks are back on fire once again... Here is a Glimpse on one promising stock that has good upside left Titagarh Rail Systems - Comparison of Daily and Weekly Chart Patterns 1. Daily Timeframe: Inverted Head and Shoulder pattern - Target 1250 already reached 2. Weekly Timeframe: While the Inv H&S pattern reached its defined target, the price has...
On the daily timeframe, the price formed a sideways movement and hit the mandatory target of the buyer's vector 4-5 (7.2755 was reached). Currently, the price is in a seller's context. The next relevant seller's vector 5-6 has a potential target of 5.18. Yesterday, the seller showed a weak reaction on the daily timeframe (spread, volume, and the tail of the...