Keep eye on tata motors Tata motors give life tym high on yesterday and it also done a good breakout in rsi and price action chart we are bullish in it
Buy it at 1048-1069
Target 1160 1200 1264
Sl 1027
Breakouttrading
Small inverse H&S in many stocksThis is just for St James's Place, but you'll find inverse head and shoulder patterns in a lot of stocks on the FTSE 100. For me, that means a reversal on the pullback, and this week for example, STJ is confirming the reversal with a break about the neckline and 200 EMA acting as support.
Uranium X ETF break out - BullishA descending wedge in an uptrend has led to textbook breakout with Uranium X ETF ($URA)
Could be a retest though at 20.50
Weekly chart has been used
DXY - Potential for Seller to Reach +2500 PipsU.S. Dollar Index Weekly Outlook (07.25.2024)
The market has formed a motive wave pattern ABC.
Will form an wave correction pattern and Breakout to a Downtrend.
Potential for Seller to Reach +2500 Pips
Target Price at 102.00
Tesla - Fakeout leading to a -50% drop?NASDAQ:TSLA is currently trading at a key inflection level, forming a trend for the next years.
Within a couple of hours, an entire stock can reverse and fundamentally change its trend. Tesla is still retesting a multi-year resistance trendline and is down about -8% today. If this selloff continues and Tesla rejects the resistance trendline with a massive bearish wick, then we will most likely see a correction back to the lower support of the descending triangle pattern.
Levels to watch: $240, $120
Keep your long term vision,
Philip - BasicTrading
NAS100 I Break of daily support level 19,467Welcome back! Let me know your thoughts in the comments!
** NAS100 Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Dogecoin - The pump is so clear!CRYPTO:DOGEUSD is looking so bullish,
Cycles, breakouts, sentiment and market structure. Dogecoin is combining all four of these bullish aspects and is preparing for a major move higher. After Dogecoin finally broke out of the triangle a couple of months ago, we already saw a rally of +250%. This is simply the starting of the next major crypto bullrun which will pump the entire altcoin market, especially Dogecoin!
Levels to watch: $0.117
Keep your long term vision,
Philip - BasicTrading
Break out coming?Price has been trying to break the 15 level resistance. Is going for it again but this time it has a built up below. The TP is just a reference, there is nothing above. Take profit on the way up. SL if the prices drops to 13 level.
ttk prestige uptrend confirmationcmp 914
sl 858
target 1049
ttk prestige has come abive 62% retracement level
also given small box breakout on small time frame
I like this oneI know trading in the monthly timeframe is not fun, but is very reliable. I feel comfortable adding and adding every pullback on patterns of high timeframes. Here we have an inverse HS about to break out. I'll buy and buy until the breakout. Then I'll just let it rip. Strong support at 112, SL triggers if a weekly candles breaks it down and closes below it.
Super bullish setupRounding bottom with more than 2 years base. Also a descending triangle. First target 20. Then will see. SL triggers only if a weekly candles breaks down and closes under the 15.5 support level.
FVRR - Do Not Miss This One! Last Warning!It goes without saying, you must do your own analysis, research, and due diligence before entering a trade. My job is to prepare you with some of that analysis, the TraderDaddy way.
Either way, the risk/reward for me on this one is hard to pass up and I will be playing these earnings.
Happy Trading :)
THIS CHART IS BULLISH! How I analyze and predict crypto movementYou can see clearly through the use of one important algorithm that this is a bullish chart. Now we know liquidity building could take time - but once there is a catalyst, these things are ready to fly.
Happy Trading :)
AMAT upmove possible . US Stock gap fill complete
215 can try long entry
in next few days 216/218.50/221/225 can test
8 year inverse H&S for Nat WestAfter forming an 8 year inverse Head and Shoulder pattern is this the time Nat West breaks out?
Still needs to get ahead of resistance at 325 though.
DYOR and this is not a solicitation to take a trade.
Will Rio Tinto breakout?Bullish triangle pattern forming and possible breakout to come.
Not much volume though although good performance in the past few months.
Bitcoin - Half way to the $200.000 target!BITSTAMP:BTCUSD is consecutively retesting the previous all time high and breaking out soon.
You all know my life motto: Keep your long term vision. This is especially true when it comes to trading the major swings on Bitcoin. These very volatile short term moves will always give you a false perception of the underlying trend. And the underlying trend on Bitcoin is bullish, despite the recent back and forth at the previous all time high. I do expect a major bullish breakout soon.
Levels to watch: $67.000
Keep your long term vision,
Philip - BasicTrading
Looks juicyApparently a bullish flag is forming, and price is dancing at the bottom of the flag. There is another support at 30 in case the flag is busted. It could take a few more weeks but risk and reward rate is good.
ELECTCAST 3rd Time Knocking its All Time High with Weekly HammerNSE:ELECTCAST
The company was incorporated in November 1955, as Dalmia Iron & Steel Ltd and re-incorporated under the name of ECL in May 1965. ECL manufactures DI pipes with combined installed capacity of 7,45,000 MTPA. Combined production capacity for DI fittings and cast iron pipes is 21,000 MTPA and 90,000 MTPA, respectively. Through backward integration, the company also operates a blast furnace, coke oven and waste heat recovery-based power plant. Plants are in Khardah and Haldia in West Bengal, Elavur in Tamil Nadu, and Srikalahasthi in Andhra Pradesh.
Strengths:
Established position in the pipes industry with significant backward integration: The three-decade-long experience of the promoters in the ductile iron (DI) pipes industry has helped them establish significant market presence, expand production capacities, and undertake backward integration over the years. The facility is already utilised by over 90% and ECL plans to further add capacity of more than 2.5 lakh metric tonne per annum (MTPA) over the next two fiscals. This will enable the company to retain its leadership position in the DI pipe market. The company maintains strong trade relationships with reputed overseas customers and all major players in the domestic market. Limited competition, owing to large capital requirement and necessity to have critical accreditations and customer approvals, bolster the business risk profile. Performance is further supported by improving global and domestic demand, as reflected in a strong order book providing healthy revenue visibility.
Healthy financial risk profile: Networth and gearing have improved to Rs 5,111 crore and 0.44 time, respectively, as on March 31, 2024 (Rs 4,376 crore and 0.6 time, respectively, a year earlier), backed by better profitability and hence, steady accretion to reserves. Lower dependence on external debt and better working capital management should also aid the financial risk profile. Debt protection metrics remain comfortable with interest coverage and net cash accrual to adjusted debt ratios at 5.7 times and 0.34 time, respectively, in fiscal 2024.
Order Book
6 lakh tonnes let say, so about nine to 10 months of Healthy Order Book.
worth of
Around Rs. 4,500 crores approximately.
Financial Highlights
Revenues at INR 7,580 Crores, Highest ever
yearly EBITDA and PAT at INR 1,281 Crores
and INR 740 Crores, respectively in FY24
➢ EBITDA margin and PAT margin at 16.9%
and 9.8%, respectively in FY24
➢ Adjusted FY24 ROCE at 19.0% (FY23 -
13.0%) and ROE at 19.3% (FY23 - 11.2%)
➢ Strong Order Book visibility of 10 months
Other Financial Metrics
EBITDA grew by 50.9% YoY to INR
346 Crores in Q4FY24, the EBITDA
margin expanded by 495 bps YoY to
17.0%.
• Highest ever PAT of INR 227 Crores,
up by 153.8% YoY in Q4FY24, PAT
margin expanded by 645 bps YoY to
11.1%.
• Decline in interest cost by 33.3%
during the quarter.
Effective Positive Policies
Jal Jeevan Mission (JJM): Driving Water Infra Demand
➢ The Government’s flagship scheme - Outlay of INR 3.60 lakh crores
➢ Providing water supply by to every crore rural household at a
capacity of at least 55 litres per capita, per day (lpcd) by 2024
➢ Providing Functional Household Tap Connections (FHTCs) to 19.4
crore rural households and village institutions
➢ Prioritising quality-affected villages (drought prone & desert areas
Additional Government Schemes Driving Water Infra Spending
AMRUT 2.0: INR 2,99,000 Crores
(Launched by Hon’ble PM on 1st Oct 2021)
➢ Aims to provide 2.68 Crore water taps connections in 4,800 statutory
towns
➢ New 2.64 Crore Sewerage/Septage services in 500 AMRUT cities
INDUSTOWER Breakout: Time to JoinINDUSTOWER has shown a strong uptrend since January 2024, recently consolidated, and has now broken out again. This renewed momentum suggests it's an opportune time to join the trend.
SWING IDEA - ELECON ENGINEERINGConsider a promising swing trade opportunity in Elecon Engineering Company Limited , a leading provider of power transmission solutions, material handling equipment, and engineering services.
Reasons are listed below :
Decisive Breakout of Resistance : The price level of 1120, previously a strong resistance, has been decisively broken, indicating potential bullish momentum.
Bullish Engulfing Candle on Weekly Timeframe : The presence of a bullish engulfing candlestick pattern on the weekly timeframe suggests strong buying momentum and potential upward movement.
Breakout Above All-Time High : Elecon Engineering has broken above its all-time high, indicating strong bullish sentiment and potential for further gains.
0.382 Fibonacci Support : Finding support at the 0.382 Fibonacci level strengthens the bullish case, providing a solid foundation for potential upward movement.
Trading Above 50 and 200 EMA on Weekly Timeframe : The stock is trading above both the 50 and 200 Exponential Moving Averages (EMA) on the weekly timeframe, confirming its bullish bias and potential for trend continuation.
Volume Spike : A significant spike in trading volumes reflects increased market interest and potential accumulation by investors, adding confirmation to the bullish thesis for Elecon Engineering.
Target - 1420
StopLoss - weekly close below 970
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - HBL POWER SYSTEMSHBL Power Systems , a leading battery and power systems manufacturer, is exhibiting technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
Break of Symmetrical Triangle Pattern : The price has broken out of a symmetrical triangle pattern, indicating a potential bullish trend continuation.
Bullish Engulfing Candle on Weekly Timeframe : The recent formation of a bullish engulfing candle on the weekly chart suggests strong buying pressure and the potential for further upward movement.
Closed Above 560 Resistance : The stock has closed above the 560 level, which was a crucial resistance zone, indicating strong bullish momentum.
Higher Highs : The stock is consistently making higher highs, reinforcing the strength of the upward trend.
Trading Above 50 and 200 EMA on Weekly Timeframe : The stock is trading above both the 50-week and 200-week exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels.
Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains.
Target - 655 // 755
Stoploss - weekly close below 495
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - CASTROL INDThere seems to be a strong breakout in CASTROL IND . This could potentially be an excellent swing trade.
Reasons are listed below :
Multiple tests on 161 levels and finally the price broke these levels with high volumes.
Marubozu candle (bullish sign) on weekly timeframe.
Breakout after a strong consolidation of 5years .
Stock price is above 50 and 200EMA i.e the trend is intact.
Target - 213 // 242 // 271
StopLoss - weekly closing below 145 levels
