Get started

Indianstocks

SWING IDEA - RATNAMANI MET AND TUBRatnamani Metals & Tubes, a leading manufacturer of stainless steel and carbon steel welded pipes and tubes, is showing a potential swing trade setup with several bullish technical signals. Reasons are listed below : 3800 Zone Break Out : The 3800 level has acted as a strong resistance zone. The price is now breaking through this level, signaling the possibility of a continued upward move. Bullish Engulfing Candle on Daily Timeframe : A bullish engulfing candle indicates strong buying interest, suggesting momentum may continue. Trading Above 50 and 200 EMA : The stock is trading above both the 50 and 200 exponential moving averages, indicating overall bullish strength and long-term trend support. Intact Trend : The broader trend remains intact, indicating that the current momentum is in line with the stock’s longer-term trajectory. Gradual Increase in Volumes : A steady rise in volumes adds confirmation to the breakout, showing strong market participation in this move. Target - 4270 // 4800 Stoploss - daily close below 3400 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
NSE:RATNAMANILong
by Visionary_Growth_Insights
SWING IDEA - SBI CARDS AND PAYMENTSThis setup presents an attractive opportunity for swing traders to capitalize on the potential uptrend in SBI Cards . Reasons are listed below : Strong Support at 670-700 Levels : SBI Cards has established a robust support zone in the range of 670-700 levels, indicating strong buying interest and potential reversal points. Bullish Marubozu Candle : A bullish Marubozu candlestick pattern has formed in both the weekly and daily timeframes, suggesting strong buying momentum and potential upward movement. Engulfing Pattern : The bullish engulfing pattern on the weekly chart, engulfing four previous candles, reinforces the bullish sentiment and indicates a potential reversal of the downtrend. Double Bottom Pattern : A double bottom pattern has emerged on the daily timeframe, indicating a potential trend reversal and bullish continuation. Target - 790 // 855 // 935 Stoploss - weekly close below 670 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
NSE:SBICARDLong
by Visionary_Growth_Insights
4
NIFTY Next buy opportunity on the 1D MA50.We had another success on the Nifty 50 Index (NIFTY) on our last buy signal (August 09, see chart below), as we bought after a confirmed rebound on the 1D MA50 (blue trend-line), with the index being currently very close to our 25500 Target: The index continues to follow the a cyclical pattern and this is how we made this previous successful prediction on the 1D MA50. As you can see it was the very same rebound on January 24 2024 (1D MA50 and bottom of the Megaphone) that rose by +6.64% before turning sideways again into a larger (dashed) Megaphone. We are about to enter this fractal symmetry and potentially initiate a new Megaphone. The former one gave this first buy opportunity on the 1D MA50 again, then on the 1D MA100 (green trend-line) and finally near the 1D MA200 (orange trend-line). An additional buy signal was when the 1D RSI hit its Support Zone. As a result we are closing the previous buy now on profit and will wait for the 1D MA50 contact to buy again and target the top of the Megaphone (Higher Highs trend-line) at 25700. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NSE:NIFTY
by TradingShot
SWING IDEA - RK FORGINSRK Forgings , a key player in the forging industry, is showing technical indicators that suggest a promising swing trade opportunity. Reasons are listed below : 850 Resistance Turned Support : The 850 level, previously a strong resistance, has now turned into a robust support level, indicating a potential floor for the stock price. Bullish Engulfing Candle on Daily Timeframe : The recent formation of a bullish engulfing candle on the daily chart signifies strong buying pressure and potential for upward movement. 50 EMA Support on Daily Timeframe : The stock is finding support at the 50-day exponential moving average, reinforcing the bullish sentiment and providing a reliable support level. 0.382 Fibonacci Level Support : The price is bouncing off the 0.382 Fibonacci retracement level, suggesting a healthy pullback and resumption of the uptrend. Volume Spike : A noticeable increase in trading volumes confirms the strength of the price move, indicating strong investor interest and participation. Target - 1000 // 1100 Stoploss - Daily close below 810 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
NSE:RKFORGELong
by Visionary_Growth_Insights
SWING IDEA - L&T TECHNOLOGY SERVICESL&T Technology Services (LTTS) is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : 4700 Resistance Zone Breakout and Retest : The 4700 level has been a significant resistance zone. The price broke above this level, retested it, and is now continuing its upward move, indicating strong bullish momentum. Bullish Engulfing Candle on Daily Timeframe : The formation of a bullish engulfing candle on the daily chart signifies strong buying pressure and suggests potential for further upward movement. 200 EMA Support on Daily Timeframe : The stock is finding support at the 200-day exponential moving average (EMA), reinforcing the overall bullish sentiment and providing a strong support level. 0.382 Fibonacci Support : The price is also supported by the 0.382 Fibonacci retracement level, further strengthening the case for an upward move. Target - 5420 // 5870 Stoploss - daily close below 4390 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
NSE:LTTSLong
by Visionary_Growth_Insights
SWING IDEA - IEXIndian Energy Exchange (IEX) is exhibiting promising technical signals that suggest a potential swing trade opportunity. Reasons are listed below : 170 Zone as New Support : The 170 level was previously a resistance zone and has now turned into a support level, indicating strong buying interest. Hammer Candle on Weekly Timeframe : The formation of a hammer candle on the weekly chart suggests a potential reversal, signaling a shift from a bearish to a bullish trend. 0.5 Fibonacci Support : The stock has found support at the 0.5 Fibonacci retracement level, indicating a potential bounce and continuation of the uptrend. Trading Above 50 and 200 EMA on Weekly Timeframe : IEX is trading above the 50 and 200-week exponential moving averages, confirming the bullish sentiment and providing strong support levels. Breaking Consolidation Phase of 2+ Years : The stock is breaking out of a long consolidation phase that lasted over two years, signaling the start of a new bullish trend. Target - 205 // 245 // 300 Stoploss - weekly close below 155 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
NSE:IEXLong
by Visionary_Growth_Insights
11
#NIFTY Intraday Support and Resistance Levels - 28/08/2024🔔 Nifty Update for Today: 📊 Expected Opening: Opening Outlook: Flat 📈 Consolidation Zone: Range: 25000 - 25050 Nifty is expected to open flat today, trading within a consolidation zone between 25000 and 25050. 📈 Potential Upside Movement: Upside Target: 25250+ Condition: If Nifty starts trading and sustains above 25050 If Nifty breaks above 25050 and sustains that level, an upside rally could push the index towards 25250+ in today’s session. 📉 Downside Risk: Condition: If Nifty starts trading below 25000 Any significant downside is likely only if Nifty starts trading below 25000.
NSE:NIFTY
by TradZoo
NSE:ASTRAL Ltd's -Abki bar breakout ke liye Tayar 🌋???NSE:ASTRAL Astral Poly Technik Ltd: Pioneering the Indian Plumbing and Adhesive Industry Established in 1996, Astral Poly Technik Ltd set out with a vision to manufacture pro-India plumbing and drainage systems. Over the years, it has expanded into the adhesive business, marking its territory across multiple domains. Historical Milestones Astral has emerged as a frontrunner in the CPVC pipes and fittings sector in India. It pioneered the introduction of lead-free PVC pipes in 2004 and brought lead-free uPVC column pipes to the market in 2012. The company's strategic move into the adhesives space occurred in 2014, with the acquisitions of Seal IT Services Limited (UK) and Resinova Chemie Limited (RCL). Diverse Product Range Astral's portfolio extends beyond pipes to include water tanks, faucets, sanitary ware, and paints. It boasts approximately 37 variants in its pipe and tank segment and about 23 in adhesives. Revenue Breakdown A) Piping Division: Contributing 73% to the company’s revenues, Astral offers an array of products for various systems, including fire sprinklers and industrial applications. The acquisition of Rex Polyextrusion added specialties like corrugated pipes and telecom line protection systems to its arsenal. B) Adhesives Division: Accounting for 27% of revenues, this division offers products ranging from epoxy adhesives and sealants to construction chemicals and tapes. Inorganic Growth and International Presence Astral has spread its wings internationally, with manufacturing in 3 countries and exports to over 25. It generates around 8% of its revenue from international sales. Manufacturing Excellence The company's manufacturing footprint includes eight piping and water tank facilities in India and five adhesives plants globally. To optimize logistics costs, Astral strategically positions its facilities to serve different regions within India and has recently expanded to Bhubaneswar, Odisha. Future Expansion Astral plans to augment the capacity of its Bhubaneswar plant and is establishing new facilities in Guwahati, Hyderabad, and Kanpur. These are set to become operational between FY24 and FY25, with a planned annual capex of ₹300-350 crore funded through internal accruals. Extensive Distribution Network The company's robust distribution network features over 2,750 distributors and more than 1,93,000 dealers. With a strong foothold in West and South India, the piping business is expected to grow in the North and East with new facilities. Strategic Raw Material Sourcing The company predominantly imports CPVC resin from Sekisui Chemical and relies on domestic giants like Reliance Industries for PVC resins. New Ventures In the pursuit of diversification, Astral ventured into faucets and sanitary ware in October 2021, eyeing a market potential of ₹15,000 Cr. This division is led by Mr. Atul Sanghvi, the former CEO of CERA, who has since resigned effective from 30.10.23. In the paints category, Astral acquired a majority stake in Gem Paints Pvt Ltd, with further investments to consolidate its position. Brand Visibility Astral leverages brand endorsement through Bollywood icons and sports associations. It has partnered with celebrities like Ranveer Singh and Allu Arjun to enhance its market visibility, allocating 2-3% of its net sales for promotional endeavors. Subsidiaries and Growth The company oversees 9 subsidiaries as of FY23, with a footprint extending beyond Indian borders. As Astral Poly Technik Ltd continues to build on its strengths and explore new markets, it stands as a testament to the potential of Indian manufacturing and the importance of strategic growth. Source: Screener.in Disc: Invested for long time , adding in anticipation of breakout this time - Abki bar breakout ke liye tayar
NSE:ASTRALLong
by Peaceful-Weekend-Investing
1