SWING IDEA - CDSLConsider a promising swing trade opportunity in Central Depository Services Limited (CDSL) , a leading securities depository in India, facilitating the holding and transfer of securities in electronic form.
Reasons are listed below :
Breakout from Strong Resistance at 2000 : CDSL has successfully broken above a significant resistance zone at 2000, with a strong close, indicating potential bullish momentum.
Bullish Marubozu Candle on Daily Timeframe : The presence of a bullish Marubozu candlestick pattern on the daily timeframe suggests strong buying momentum and potential upward movement.
Breakout from 5+ Months of Consolidation : The stock has broken out from a consolidation phase lasting over 5 months, indicating a significant shift in market sentiment and potential for sustained upward movement.
Spike in Volumes : A notable spike in trading volumes reflects growing market interest and potential accumulation by investors, adding confirmation to the bullish thesis for CDSL.
Trading Above 50 and 200 EMA : CDSL is trading above both the 50 and 200 Exponential Moving Averages (EMA), confirming bullish bias and indicating potential for trend continuation.
Higher Highs : The stock consistently forms higher highs, reflecting increasing bullish momentum and reinforcing the potential for further gains.
Target - 2200 // 2400
StopLoss - Daily close below 1820
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
Swingtrading
SWING IDEA - KNR CONSTRUCTIONSKNR Constructions , a leading infrastructure development company, is showing technical signals that suggest a potential swing trading opportunity.
Reasons are listed below :
325 Zone Tested Multiple Times : The 325 level has been a significant resistance zone. The price is now attempting to break through this level, indicating strong bullish momentum.
Bullish Marubozu Candle on Weekly Timeframe : The recent formation of a bullish marubozu candle on the weekly chart indicates strong buying pressure and suggests potential for further upward movement.
50 EMA Support on Weekly Timeframe : The stock is finding support at the 50-week exponential moving average, reinforcing the overall bullish sentiment and providing a strong support level.
Breaking Out of a 3-Year Consolidation Zone : KNR Constructions is breaking out of a long consolidation phase that lasted for 3 years, signaling a potential new bullish trend.
Sudden Surge in Volumes : A noticeable increase in trading volumes confirms the strength of the price move, indicating strong investor interest and participation in the current trend.
Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains. However, traders should watch for potential overbought conditions or profit-taking at these levels.
Target - 400 // 450
Stoploss - weekly close below 265
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 - SUZLON ENERGYA potential swing trade opportunity in Suzlon Energy - a leading renewable energy solutions provider in India.
Reasons are listed below :
Strong Support at 34-36 : Suzlon Energy has found a robust support level in the 34-36 range, indicating resilience and potential buying interest at these levels.
Bullish Engulfing Candle : A bullish engulfing candlestick pattern, confirming the hammer formed in the previous week, suggests potential upward momentum.
0.382 Fibonacci Support : Finding support at the 0.382 Fibonacci level reinforces the bullish outlook, providing a solid foundation for potential upward movement.
Trading Above 50 and 200 EMA : Suzlon Energy is trading above both the 50 and 200 Exponential Moving Averages (EMA), indicating positive momentum and potential bullish trend continuation.
Constant Higher Highs : The stock has been forming constant higher highs, reflecting a trend of increasing bullish momentum and reinforcing the potential for further gains.
Target - 49 // 60
Stoploss - weekly close below 35
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 - ATUL LTDAtul Ltd , a prominent Indian chemical manufacturing company, is exhibiting technical patterns that suggest a potential swing trading opportunity.
Reasons are listed below :
Strong Support Zone : The 5750-6000 range has proven to be a robust support zone, with prices bouncing off this level, indicating buying interest and a potential reversal.
Double Bottom Pattern on Weekly Timeframe : This pattern, characterized by two distinct troughs at similar levels, is a bullish reversal signal. It suggests that the downtrend may be over, and a new upward trend could be starting.
Reversal from Golden Fibonacci Zone : The price reversed from the 0.618 Fibonacci retracement level, often referred to as the "golden zone." This adds weight to the potential for an upward move.
Bullish Engulfing Candle on Weekly Timeframe : The recent weekly candle engulfed the previous 8 weekly candles, indicating a significant shift toward bullish sentiment and suggesting a potential strong rebound.
Increase in Volumes : A noticeable spike in trading volume often confirms the strength of a price move, indicating greater participation and confidence in the direction of the trend.
Target - 7200 // 7550
Stoploss - weekly close below 5600
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 - AFFLE (INDIA) LTDAffle India , a global technology company specializing in mobile advertising, is showing technical patterns that suggest a potential swing trading opportunity.
Reasons are listed below :
Ascending Triangle Pattern : The stock is forming an ascending triangle pattern, a bullish continuation pattern that indicates increasing demand and the potential for an upward breakout.
Repeated Resistance Testing (1250-1300) : The 1250-1300 resistance zone has been tested multiple times. The stock is now poised to potentially break through this level, indicating strong bullish momentum.
Bullish Marubozu Candle : The recent formation of a bullish marubozu candle suggests strong buying pressure and the potential for further upward movement.
Trading Above 50 and 200 EMA : Affle India is trading above both the 50-day and 200-day exponential moving averages, indicating a strong uptrend and providing robust support levels.
Consistently Making Higher Highs : The stock is consistently making higher highs, indicating a sustained uptrend and ongoing bullish sentiment.
Target - 1500 // 1880
Stoploss - weekly close below 1050
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 - ASHOK LEYLANDAshok Leyland, one of India's leading commercial vehicle manufacturers, presents a compelling opportunity for swing traders.
Reasons are listed below :
Cup and Handle Pattern : The stock has formed a cup and handle pattern, indicating a potential bullish continuation. This pattern suggests a brief consolidation followed by a breakout, typically leading to an upward trend.
Breakthrough of Resistance Zone : The 160-level was a strong resistance point, but the price broke through it, retested, and is now forming new higher highs, indicating a continuation of the upward trend.
Bullish Marubozu Candle on Weekly Timeframe : This candle, characterized by a lack of upper and lower shadows, suggests strong bullish momentum and consistent buying pressure.
Breaking a Long Consolidation Phase : Ashok Leyland has broken out of a consolidation phase that lasted for 6 years, signaling a significant change in market sentiment and a potential start of a new bullish phase.
Weekly Engulfing Candle : The weekly engulfing candle has enveloped the price action of the past 40 weeks, indicating a substantial shift in momentum and suggesting further upward movement.
0.5 Fibonacci Support : The 0.5 Fibonacci retracement level provides strong support, indicating that the price might continue to rally after retracements or dips.
50 EMA Support on Weekly Timeframe : The price is above the 50 exponential moving average, providing additional support and confirming the upward trend.
Trading at All-Time High : Ashok Leyland is currently trading at an all-time high, indicating strong bullish sentiment. However, traders should be mindful of potential pullbacks or overbought conditions at such levels.
Target - 215 // 250 // 300
StopLoss - weekly close below 160
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
BOJ Raises Interest Rates - Monthly Outlook for USDJPYTaking a look at the monthly timeframe, if you look back in the past, whenever we had a strong bearish engulfing candle, there was usually a second bearish candle afterwards.
I believe there is a great chance that this pair will break below the green ascending trendline and eventually reach 130.
Some key comments made last night from the BoJ's Governor Ueda:
* If possible a US rate cut happens gradually, it could lead to strong a Yen.
* The weak Yen was not necessarily the biggest reason for the rate hike this time.
* Hard to tell when the next rate hike may be
* Does not have 0.50% policy rate in mind as a ceiling
* I don't believe the latest rate hike will trigger a strong brake on the economy.
Later this afternoon we will get the latest US monetary policy decision.
Furthermore, as we all know, the US equity market tends to have an inverted correlation with the Yen. This means if US stocks continue to sell off heading into the elections, we might see some additional strength with the Yen and thus push this pair even lower.
... Pure Technical Tukka ... KHADIM INDIA LTD ... NSE:KHADIM
as per Studies Thought by Institutions ... we are assuming -6.6 % of SL and Going for the Target of +24.15% ...
That means ... we are Maintaining around 1:4 RR (Risk Reward Ratio)
This Trade is Pure Tukka ...
Fundamental Ratio's Are Not Satisfying ... Every Analyst Would Say that Stay Away From Khadim India Ltd ...
Then Why Our Page is Sharing This Stock As Buying Suggestion ?
Entering a Trade with a STOP LOSS ... SL of -6.6% .... is not a Bad Practice ....
if anyone is Afraid of SL then He/She should stop or quit Trading ...
Insecticides - Poised for a 25% upmove Swing Trade1) The stock is about to break out of a multi year Trend Line, 2017, 2022 in Monthly timeframe.
2) The stock is in up trend in all major time frames.
3) Daily shows a god trigger of a breakout soon indicated through a Volatility contraction Pattern.
For a 3% SL, 25% Targets expected , around 1000 Rs.
My entries - 789
SL - 767 Daily closing Basis
Target Around 1000
Sector : Chemical - Momentum Sector - AGroChemical.
KNRCON Have Broken All Time High Giving Target of Around 25%NSE:KNRCON
BUSSINESS OVERVIEW
One of the leading companies providing Engineering, Procurement and
Construction (EPC) services.
Major Projects in Roads & Highways – one of the fast-growing sectors
Established presence in Irrigation and Urban Water Infrastructure Management
25+ years of experience of project execution
Successfully executed more than ~8,700 lane km Road Projects
Projects executed across 12 states in India
Portfolio of BOT/HAM Projects
668 lane Kms Projects in the state of Telangana, Karnataka & Bihar
2 Annuity based Projects, 1 Toll based project and 8 HAM based projects
8 HAM based projects with total Bid Project cost of Rs. 96,188 million
Strong EPC Order Book
Total Orderbook as on 31st March 2024 53,048 cr.
₹ 31,980 Mn
Roads Sector
₹ 21,068 Mn
Irrigation and Pipeline Sector
Recently Won Projects
Construction of Access Controlled four laning with paved shoulder from
Mysore to Kushalnagara Section of NH-275 on Hybrid Annuity Mode
under NH(O) in the State of Karnataka (Package IV) worth of 5750 CR.
Construction of Access Controlled four laning with paved shoulder from
Mysore to Kushalnagara Section of NH-275 under NH(O) in the State of
Karnataka (Package V) worth of 6250 CR.
1. Project Execution Capabilities
19
SIGNIFICANT EXPERIENCE AND STRONG TRACK RECORD IN TIMELY EXECUTION OF PROJECTS
Top management’s active involvement at all stages of Project execution
Selection of Major Raw Material
Selection of construction Camp location
Faster Decision making to ensure project completion on schedule
Received Bonus for completion of construction ahead of schedule
COLGATE! Time to shine??- Colgate gave a good breakout which was met by a long upper wick candle showing the presence of sellers at the crucial resistance zone.
- The price is now trying to break it. The structure does look good but given the volatility just after the breakout, it will be wise to wait for a break and sustenance of the price above the zone.
What are your thoughts? Leave us a comment.
Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong.:)
SunPharma-Strong Buy-Swing- End of downward range? NSE:SUNPHARMA
03.07.2024
Buy above 1539
Target:1627
Stop Loss:1494
Risk-Reward: 1:2
01. Inside candle breakout in daily & Weekly
02. After big uptrend, price is getting consolidated
in downward range by creating LL & LH
03. Price has rejected & found fake breakout at 200 EMA level and 50% Fibonacci level.
04. Price has failed to create LH 04 & rejected at Midway.
Further it has broke channel & retracement done.
05. 20& 50 EMA rejections & about to cross over further indicating trend reversal.
Happy Trading!!
LIC- Swing trade-Inside bar breakout-Bullish NSE:LICI
16.07.2024
Buy: 1101
Target: 1163
Risk: Reward- 1:1
1. Inside candle breakout
2. Increased volumes in upmove. Good healthy bullish candles from few days
3. Previous resistances break and triple bottom formed
4. Prices above EMAs
5. Price consolidation from last 4 months
6. Price rejected from 50% Fibonacci level
Apple - Back to no.1 in the world!NASDAQ:AAPL is back to being no.1 in the world after rallying 11% in two days.
After moving higher +25% over the past two months, Apple is now back to being the most valuable company in the world with a market cap of 3.4 trillion dollars. This means that Apple is now back to leading the indices but Apple is also retesting resistance. A pullback is definitely likely considering that trees do not grow to the sky, but the overall trend is simply clearly bullish!
Levels to watch: $170, $215
Keep your long term vision,
Philip - BasicTrading
SWING IDEA - MOTHERSON SUMI WIRING INDThis presents an attractive opportunity for swing traders to capitalize on the potential uptrend in Motherson Sumi Wiring India , a subsidiary of Motherson Sumi Systems Limited and a leading manufacturer of wiring harnesses and other automotive components.
Reasons are listed below :
Strong Resistance Turned Support : The price level of 65-67, previously a strong resistance, has now turned into a support zone, indicating potential bullish momentum.
Cup and Handle Pattern : The formation of a cup and handle pattern suggests a potential continuation of the uptrend, with bullish implications for Motherson Sumi Wiring India.
Bullish Engulfing on Weekly Timeframe : A bullish engulfing candlestick pattern observed on the weekly timeframe indicates strong buying momentum and potential upward movement.
0.5 Fibonacci Support : Finding support at the 0.5 Fibonacci level strengthens the bullish case, providing a solid foundation for potential upward movement.
Higher Highs : Consistent formation of higher highs reflects increasing bullish momentum and reinforces the potential for further gains.
About to Breach All-Time High : The stock is approaching its all-time high, indicating strong bullish sentiment and potential for a breakout to new highs.
Increased Volumes : A notable increase in trading volumes reflects growing market interest and potential accumulation by investors, adding confirmation to the bullish thesis for Motherson Sumi Wiring India.
Target - 85 // 95
StopLoss - weekly close below 61
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 - AAVAS FINANCIERSConsider a compelling swing trade opportunity in Aavas Financiers , a leading housing finance company in India.
Reasons are listed below :
Bullish Marubozu Candle on Weekly Timeframe : Aavas Financiers shows a strong bullish candlestick pattern, indicating robust buying pressure and potential upward momentum.
Engulfing 22 Weekly Candles : The stock's bullish momentum is evident by engulfing 22 previous weekly candles, signaling a significant shift in market sentiment.
Breakout from 5-Month Consolidation : Aavas Financiers breaks out from a 5-month consolidation phase, suggesting a breakout from range-bound trading and potential sustained upward movement.
Formation of Double Bottom Pattern : The absence of new lower lows and the formation of a double bottom pattern suggest a trend reversal and bullish sentiment.
Sudden Surge in Volumes : A notable surge in trading volumes indicates increased market interest and potential accumulation by investors, supporting the bullish outlook.
Target - 1815 // 2400
Stoploss - weekly close below 1300
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 - NAUKRI (INFOEDGE INDIA)The technical intricacies of NAUKRI (INFOEDGE) indicate a promising buying opportunity.
This is a very good buying opportunity for such a fundamentally strong stock.
Reasons are stated below :
The 5015 levels experienced repeated testing before the price successfully breached them. Presently, the market is undergoing a reevaluation, with the price in the midst of revisiting and reassessing these critical levels.
A positive doji candle has formed at the 5015 level on daily time frame.
Price is above 50EMA and 200EMA i.e the trend is intact.
Broke strong consolidation of 2years.
Price broke the crucial level of 5015 with a marabozu candle (with high volume).
Target - 5751 // 6542 // 7178
StopLoss - weekly close below 4670