BPCL- Strong breakout!!-Intraday Analysis for 27th May 2024
Check out swing analysis for overall view pinned below.
Now price reacted at 0.5 Fibonacci level & strong keylevel in upward range trend. If buyers not allowed to create one more higher low then strong movement expected with big breakout.
Price is following the upward channel
Buy Above:657
T1:666
T2: 674
Swing traders can hold for more time
Direct Gapup entry should be avoided
Get confirmation from any of the leading indicators before entering trade
Kindy comment below in case of any clarification required on this particular idea.
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Breakouttrading
Chota Packet Bada Dhamaka Supreme Power Equipment LtdTransformer Market size is valued at USD 54 billion in 2022 and is anticipated to
grow at a CAGR of 7.2% between 2023 and 2032.
o Large scale integration of renewable energy sources coupled with increasing
electrification programs primarily across the emerging economies will
accelerate the industry scenario.
o Expanding urban infrastructure to proliferate product demand for commercial &
industrial applications Power transformer market from the commercial &
industrial applications segment is expected to exhibit nearly 7% growth rate
between 2023 and 2032.
o The global power transformer market size was valued at $27.7 billion in 2019, and
is expected to reach $50.8 billion by 2027, registering a CAGR of 7.9% from 2020
to 2027.
Indian Transformer Market Size
o The India transformer market is expected to rise at a CAGR of more than
5% during the forecast period.
o The Transformer market in India can be pegged at more than INR 12,000
Crores. Power Transformers contribute 45 percent of the total market and
distribution transformers, 55 percent.
o Anticipating the huge domestic, requirement of power sector expansion
and overseas demand, the transformer industry in India has more than
doubled its manufacturing capacity over the last five years.
o Transformer manufacturing capacity in India stands at ~370 GVA with
capacity utilization rates hovering around 60- 70 percent on an average
over the last 5 years.
Power Sector
o India is the third-largest producer and consumer of electricity worldwide, with an installed power capacity of 416.59 GW as of April 30, 2023.
o India's power generation witnessed its highest growth rate in over 30 years in FY23. Power generation in India increased by 8.87% to 1,624.15 billion
kilowatt-hours (kWh) in FY23.
o According to data from the Ministry of Power, India's power consumption stood at 130.57 BU in April, 2023.
o The peak power demand in the country stood at 226.87 GW in April, 2023.
Attractive Opportunities
In Union Budget 2023-24, the government allocated US$ 885 million (Rs. 7,327
crore) for the solar power sector including grid, off-grid, and PM-KUSUM
projects. •
To meet India’s 500 GW renewable energy target and tackle the
annual issue of coal demand supply mismatch, the Ministry of Power has
identified 81 thermal units which will replace coal with renewable energy
generation by 2026.
In Budget 2023-24, Government has committed an outlay of Rs. 10 lakh crore
(US$ 120 billion) during 2023-24 towards infrastructure capital expenditure
compared to Rs. 7.5 lakh crore (US$ 90 billion) (BE) during 2022–23.
Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 108% CAGR over last 5 years.
Company has a good return on equity (ROE) track record: 3 Years ROE 67.2%.
Debtor days have improved from 114 to 83.3 days.
Company's working capital requirements have reduced from 87.0 days to 67.8 days
330 % PROFIT. I analyzed Triangle Pattern on (19-01-2021).I have identified and Analyzed a "Triangle Pattern" on 19-01-2021, at that Time the Price was 45 rupees. Now SUCESSFULLY Breakout Triangle Pattern and Reach the Triangle Target. Overall PROFIT 330 % within 3 years. So the Pattern is most Crucial in stock market.
I want to help people Make Profit all over the World throughout my entire life. Additionally, I am eager to Receive Money form Worldwide because of my Potential.
Refer this image : charts.fyers.in
Breakout Long setup about a Hong Kong stock👋Hello Traders,
Our 🖥️ AI system detected that there is an ICT Long setup in 1199.HK for scalping.
Please refer to the details Stop loss, FVG(Buy Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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SAREGAMA INDIA have Broken and Sustained at Retrestment LevelCompany is almost debt free.
Company has delivered good profit growth of 29.6% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 36.0%
Company’s Operating Revenue for Q4 FY24 stood at Rs 2,631 Mn growing at 29% both on YoY as
well as QoQ basis, with a strong adjusted EBITDA of Rs.864 Mn registering a YoY growth of 40%.
Company delivered a PBT of Rs 760 Mn with a 31% YOY growth.
Company’s Revenue from operations for FY24 stood at Rs 8,030 Mn with a strong adjusted EBITDA
of Rs. 3,029 Mn with a margin of 38%.
Company delivered a PBT of Rs 2,708 Mn with a 34% Margin
and PAT of Rs 1,976 Mn for FY24
Key Operational Highlights:
➢ The company’s strong performance is led by growth in music licensing on account of strong
advertisement revenues driven by its investment in new music and the revenues generated
through the artist management vertical
➢ This quarter saw music release of A.R.Rahman and Diljit Dosanjh’s Chamkila, Ajay Devgn’s
Maidaan, Ram Charan and Kiara Advani’s Game Changer, Yami Gautam’s “Article 370”,
Mohanlal’s Malaikottai Valliban, Diljit Dosanjh single Love Ya, multiple songs by Bhojpuri star
Neelkamal, Pawan Singh and Gujrati’s No.1 singer Rakesh Barot.
➢ During the Quarter, Company released 290 plus Originals and Premium Recreations
across Hindi, Bhojpuri, Gujarati, Punjabi, Tamil, Telugu, Malayalam, Marathi and
Bengali languages. Company also released 2,000 plus derivatives (LoFi, Trap Mix,
Cover, Acoustic etc.) which is driving the popularity and growth of its catalogue.
➢ The other highlight of the quarter was the use of our songs for Shahid Kapoor and Kriti Sanon
starrer 'Teri Baaton Mein Aisa Ulhja Jiya' (Hindi), for Mahesh Babu’s 'Guntur Karam’(Telugu),
for Dulquer Salmaan’s'King of Kotha’ (Malayalam) etc. and by brands like HUL Lux, Meesho,
Junglee Rummy, Andrex etc. in their ad films.
➢ Riding on the success of its Tamil Serial “Ilakkiya”, Company started its Malayalam remake
“Mangalyam Thanthunanena” on Surya Tv. We released “Crushed Season 4” series from Dice
of Pocket Aces on Amazon mini-TV.
➢ In Q4FY24 Yoodlee released Mohanlal starrer “Malaikottai Vaaliban” , Tovino Thomas starrer
“Anweshippin” in Malayalam and Gippy Grewal “Warning 2” in Punjabi.
➢ Digital footprint across Saregama owned and controlled channels touched 239Mn followers
and subscribers across YouTube, Instagram and Facebook.
COAL INDIA HAVE BROKEN & SUSTAINED ITS PREVIOUS ALL TIME HIGHPREVIOUS STUDY SHARED ON 06 MAY 2024 ....
Company is almost debt free.
Stock is providing a good dividend yield of 5.11%.
Company has a good return on equity (ROE) track record: 3 Years ROE 51.8%
Company has been maintaining a healthy dividend payout of 51.8%
New Projects 9MFY24
1 Environmental Clearance : EC has been obtained for 14 Proposals (Incremental EC Capacity of 9.85 MTY).
2 Forest Clearance : 1 proposal of wild life clearance (121.58 Ha) has been secured.
3 CIL has approved 5 Coal Mining Projects with a total capacity of 60.04 MTY and incremental capacity of 33.24 MTY.
Solar Power Generation
Aim to set up 3GW capacity of solar power projects to become net-zero by FY 25-26. CIL intends to add another 2 GW of renewable energy, aiming for a total installed capacity
of 5 GW.CIL is also participating in PAN-India Solar tenders of GUVNL, SECI etc to achieve the target of 5 GW. CIL has entered in an MOU with Rajasthan Rajya Vidyut Utpadan Nigam Ltd to develop Solar Power Project at Solar Park in Rajasthan.
Qinetiq breaks out after 4 yearsBreaking out of rectangle patter formed since Feb 20 should mean an upside target of 648.
Good results & defence industry make it more resilient in the face of other factors affecting the economy (e.g. election and recession).
Do your own research and this is not a recommendation to trade in this stock.
ASX 200 futures looks set for a bullish breakoutThe SPI 200 shows an established uptrend on the 1-hour chart, with a recent bullish engulfing candle forming a higher low around the 20-bar EMA and closing above a retracement line.
The RSI remains above 50 to show positive momentum, and there are no obvious signs of a topping pattern forming on the chart.
A break above 7907 assumes bullish continuation and brings the 7936 high into focus, a break above which opens up a run for the all-time high.
Bulls could seek dips within the recent bullish engulfing candle whilst prices remain above its low, in anticipation of a break above 7907.
HINDZINC Achieved All The Targets 🚀🚀🚀 Study Shared on 02/05/2024 ..
Hindustan Zinc in Zinc-Lead and Silver business is world’s 2nd largest integrated Zinc producer and now the 3rd largest Silver producer. The company has a market share of ~75% of the growing Zinc market in India with its headquarters at Zinc City, Udaipur along with Zinc-Lead mines and smelting complexes spread across the state of Rajasthan.
HARSHA ENGINEERS INTERNATIONAL LTDCompany is almost debt free.
Company has delivered good profit growth of 56.4% CAGR over last 5 years
The combined share of operating losses at China and Romania came down significantly because of China
reporting positive profit in Q4 FY 2024. However, Romania continued to report operating losses in Q4 FY
2024.
➢ While the demand situation in Europe both on the Wind as well as on the Industrial front remains
subdued, our strategy in Romania is to improve product mix by increasing the share of cages, which is
aimed at bringing Romania to Break-even level in FY 2025.
➢ Solar Business has reported a decent growth in top-line as well as profitability, on the back of a
favourable renewable policy regime, with our strategy continued to be on limited capital allocation in this
segment, but still allowing the same to operate in its natural tangent.
➢ The progress on our Greenfield project is satisfactory and is expected to commission in FY 2025.
On a consolidated basis Q4 FY 2024 was the strongest quarter in the current fiscal FY 2024 reflecting an allround
improvement in the top line as well as the EBITDA and PAT margins. The consolidated top line of Q4
FY 2024 has shown a growth of 17% over Q3 FY 2024 and 11% over Q4 FY 2023. The consolidated EBITDA of
Q4 FY 2024 has also grown by 23% as compared to Q3 FY 2024 and 10% as compared to Q4 FY 2023.
➢ On full year basis, while consolidated top line of FY 2023-24 reflects a marginal growth over FY 2022-23, the
EBITDA and PAT of FY 2024, though lower than FY 2023, are still reflecting a significant recovery as
compared to H1 FY 2024 and are better than our expectations.
➢ The growth in Bushing business as well as additional demand growth due to China + 1 factor was in line with
our expectations. The Progress on outsourcing projects (insourcing to outsourcing) was satisfactory, and the
growth in Japan based customers’ segment, though slightly muted, has remained positive.
➢ The expected growth in large size bearing cages segment could not be achieved due to continued global
slowdown in the Wind as well as Industrial Segment, but is expected to catch up next Fiscal.
PDD - We love PDD! Bulls time to shineI have longer term swing positions on PDD but I also like to trade it in a shorter term swing setting as it gaps nicely in predictable fashion and is one of those companies that you just know does well - so with the industry-wide boom in chinese stocks, I'm all over taking advantage.
Looking for continued healthy liquidity building in tapered selling algorithms (bullish) and continued strong buying continuation to break us out of HTF tapered buying algorithms.
Happy Trading :)
NKN/USDT TRADE SETUP!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
NKN looks good here. Break out done and after a successful retest, it starts going up. Long some here and add more in the dip.
Possible Entry & Targets:
Entry: Current Market Price (CMP) and potentially add more up to $0.115
Potential Targets: $0.126/$0.138/$0.157
Stop-loss: $0.113 (Consider setting a stop-loss based on your risk tolerance strategy).
Leverage: Use leverage with caution. Consider low leverage (Max 5x) as suggested.
Let's Discuss
What are your thoughts on this current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Am I the only one seeing this obvious SNOW breakout signal?Hello to anyone new to my analysis - I’m typically a video person because it’s hard for me to truly share the story of a chart like I do in my videos in a plain form such as the one I’m attempting here.
(No disrespect for those who don’t like videos! I just want to share knowledge if it helps anyone).
Anyway! We’re looking at a daily chart here and there’s quite a clear head and shoulders forming which created beautiful left shoulder liquidity and is in the process of building the second as it attempts to break out. For those who don’t trade “chart patterns” - they are simply an alternative way of seeing how the internal workings of the market are playing out. For example, Similar to a h&s is a cup and handle which is where we have price that more sellers than buyers agree on. This creates a “resistance level” similar to the pink one we have on the chart. The ensuing drop is simply to allow 1. Sellers to enter the market, set stop losses above the resistance level, and eventually take profit and become buyers again. I.E. LIQUIDITY! Liquidity is that building of buy and sell orders, limit orders, stop losses, take profits, etc. so that when we finally have enough buyers in at a high enough agreed upon price, large “institutional” buyers can return to that “resistance level” and smash through it - hitting stop losses, creating new buyers, and there you have a breakout!
Sorrry for the tangent - even though my trading is almost fully based off of technical analysis and what money would just call trend lines - what it really is built on and what I teach all to my students first is market dynamics and how and why all this movement happens - and then, with what I’ve studied and built over the past few years, I can analyze a chart and identify when there moves will happen and where we can see them going before market dynamics/i.e more liquidity is required for further movement. It’s a fun and simple game. I dont go into it in depth here on this analysis but that’s what you will find in my video.
Back to SNOW - we can see clear TAPERING happening - the key to all reversals - from red selling to yellow more tapered selling. Meaning, sellers intention is weakening and we can activate a buying continuation such as the white or green to grab all the liquidity and break us out to the upside.
Of course we will need to activate a strong buying continuation to make real movement and I will be doing a much more in depth video on this tmrw to understand what a confirmation and entry could look like here. Currently retesting a breakout of strong selling red so let’s see if we can an activation and confirmation of white. There are lower time frame signals that I will go through in my video that are signaling that happening so that we will be able to get a pinpoint entry trade as we’re always looking for.
Thanks for checking this out hope it was helpful - as always I’m happy to connect with anyone who has further questions or recommendations. And of course this is for educational purposes only.
Please check out my videos for furthrr analysis like this and much better!
Happy Trading :)
Breakout Opportunity in Poly Medicure Ltd (POLYMED) Stock Analysis
Poly Medicure Ltd (POLYMED) is breaking out above resistance with significant volume spikes.
This suggests strong buying interest and potential for further price movement.
Trading Strategy
Target Placement: The minimum target is mentioned on the chart, but you can aim for higher levels as the price rallies.
Stop Loss: Place your stop loss below the indicated level on the chart.
Consider this for short to mid-term breakout trading. Stay vigilant and trade smart!
UPDATE ON BTC NOW NOW NOW LONGThe recent completion of Bitcoin’s halving has brought excitement among market watchers about what’s coming next. The focus shifts to the altcoin market, which many anticipate will experience significant growth. Renowned crypto analyst Robert Mercer notes that Bitcoin’s dominance is nearing a peak, suggesting the start of an altcoin season.
SHIB/USDT: Potential Breakout and Retest - Trade Idea!!Hey everyone! If you find this content valuable, please consider giving it a thumbs up and following for more analysis.
SHIB is showing some interesting signs on the chart. We've seen a potential breakout from a previous resistance level, and the price is currently retesting that level as support. Additionally, the 100-day moving average (100MA) is acting as potential support.
This could be a buying opportunity for those interested in SHIB. However, it's important to manage your risk. Here's a possible trade setup:
Entry: Current market price (CMP) with potential for adding more on a dip down to $0.000024 (be sure to use a stop-limit order for this)
Target: 80-100% potential profit (be sure to set realistic take-profit orders)
Stop-Loss: $0.00002225 (place a stop-loss order below the support level to limit potential losses)
Remember, this is just an idea, and the market can be unpredictable. Always conduct your own research before making any trading decisions. What are your thoughts on this SHIB setup? Share your analysis in the comments below!