Trendingstocks
GOLD IS READY TO INCREASE IN PRICEGold prices fell near $2,300 per ounce on Tuesday, hovering at one-month lows, as investors wait for US inflation data and the Federal Reserve's policy announcement later in the week. Traders will closely monitor for cues on when the Fed might begin reducing rates, in light of a stronger-than-expected payroll report last Friday.
🔴SELL GOLD: 2320 - 2322, SL: 2327
🔴SELL GOLD: 2338 - 2340, SL: 2344
🟢BUY GOLD: 2270 - 2268, SL: 2264
🔝Technical analysis:
Gold experienced a sharp fall after being affected by two important news about China stopping buying gold in May and Nonfarm being very good for USD.
Today Gold is staying in the price range of 2320$ -2280$. Waiting for the scalp is the breakout strategy here
⛔️Breakout:
📈 Breakout on: 2309 - 2320 - 2329
📉 Breakout below: 2286 - 2280
🔼Support: 2286 - 2280 - 2274 - 2268 - 2259
🔽Resistance: 2308 - 2320 - 2329 - 2338
GOOD LUCK EVERYONE👍
PRSMJOHNSN*PRSMJOHNSN* Good for Holding around 9 Months ..... Current Price at *180.40* ......... Keep SL at *170.50* .... (On Closing Basis ... Means ... Daily Candle closed Below *170.50* )….. After Close Crossing *192.70* …. Trail SL to *184.95* Targets are Shown on Chart in Greens ..
Expansion.
The company completed a tile capacity expansion of 1.2 million m2 in Morbi, Gujarat, through one of its joint ventures in February 2023. Additionally, they are on track to add a greenfield tile capacity of 5.5 million m2 in Panagarh, West Bengal, which was expected to be completed in the first half of 2023-24.
Also, it has announced to establishment of a captive wind power project with a capacity of 24 MW to supply electricity to its cement plant in Satna, Madhya Pradesh. It is expected to be commissioned during the first half of 2024-25.
Growth
Cement revenue grew by 6.8% YoY to ₹ 748 Crores in
Q3 FY24 led by strong growth in cement & clinker sales
volume.
Cement & clinker sales volume grew by 8.8% YoY to
1.49 million tons; Share of premium cement maintained
at 33% in Q3 FY24.
EBITDA per ton increased by 167.1% YoY to ₹ 787 per
ton due lower fuel cost and higher clinker production
and inventory.
Whether Jio is in impulsive move Whether Jio is in impulsive move
As per the chart pattern the JIO is looking in an uptrend with an impulsive move upside.
The count suggests that the price may touch 362.7 then a downward move upto 314-315.
We will hit 392 as wave (v) target in short term.
Stay tuned for more updates.
follow.
Regards
Disclaimer : I am not a registered analyst with the Securities and Exchange Board of India (SEBI) or any other regulatory authority. The information provided here is for educational and informational purposes only and should not be considered as financial advice. Any investment decisions you make should be based on your own research and consultation with a qualified financial advisor. It is important to note that investing in securities involves risks, and past performance is not indicative of future results. I strongly recommend consulting with a licensed financial professional before making any investment decisions. I do not accept any liability for any loss or damage incurred as a result of reliance on the information provided in this communication. Always conduct your own due diligence and seek professional advice before making any investment decisions.
Uptrend Channel pattern breakout in HCLTECHHCL TECHNOLOGIES LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Uptrend Channel Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1660+.
✅Can Go Long in this stock by placing a stop loss below 1595-.
APP Entry, Volume, Target, StopEntry: with price above 44.89
Volume: with volume greater than 5.615M
Target: 53.30 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 44.90, 42.19 gets you 3/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Beautiful breakout Weekly chart analysis
1) my Target 1280-1300
2) stock beautiful breakout 980 resistance
3) now stock may face sentimental resistance of 1000
4) when it sustain above sentimental resistance
5) it can go as my 🎯
6) keep Stop loss of 850
7) manage quantity for better results
8) symmetrical triangle breakout in stock
9) good volume build-up in stock
10) we not recommend any stock and this stock also, I'm trying to show case my knowledge in yours
11) risk is yours I'm not responsible for any stock buying and selling
saucer pattern formation • weak chart analysis
• my first saucer pattern discussion
• stock GIPCL chart pattern formation like saucer
• stock October 2017 to September 2013 time taken to form saucer pattern
• Long-term consolidation means high potential for a big move
• chart consolidate between 68 and 94 multiple times
• The 128–130 level also serves as major resistance for the stock because in 2010 and 2011, the stock multiple times hit this level and returned, making it impossible to break out
• 130-level breakout and sustained from 2 sessions (weak)
• volume in stock is good
• volume indicating accumulation at lower level of the stock
• accounting fib retracement: 0.786 level 123, 0.618 level 106, next level stock 200+
• sentimental resistance for the stock: 150
• above 150 level stock touch 200 and keep stop loss 128-130 strick Stop lost
A PSU Stock Soars to 20% Upper Circuit
Mazagon Dock Ltd., a prominent shipbuilding company, witnessed an impressive surge in its stock price as it hit the upper circuit with a remarkable 20% increase on Monday. With a market capitalization of ₹19,888 crore, Mazagon Dock Ltd. has caught the attention of investors and traders alike.
Following a period of consolidation since December 22, the stock broke out during the last week of May, signaling a shift in market sentiment. This breakout captured the interest of market participants, setting the stage for the stock's recent ascent.
Moreover, the board of directors of Mazagon Dock Ltd. approved a final dividend of ₹6.86 per share, adding fuel to the buying pressure. This dividend announcement further intensified investor interest, leading to a surge in demand and ultimately pushing the stock to the upper circuit.
However, it is crucial for prospective investors to exercise caution and approach this surge with careful consideration. Given the significant movement already observed, it may be wise to await a potential correction or pullback before considering an investment. Avoid succumbing to impulsive decisions driven by the fear of missing out (FOMO).
#MazagonDockLtd #StockMarket #InvestmentInsights #MarketSurge #CautionaryAdvice
TBLT Fibbin...AgainOnce again the 50 fib and 618 fib are in focus for clear support/resistance levels over the last few months for TBLT . However, the jump this week was BIG. Volume began picking up early on and the latest 1H sales news triggered a new gap. Focus now is on the 618 Fib to hold as support as the 50 fib denied the move past $1.25 early on Friday. But, volume was clearly a telltale sign of "something" this week:
July 7th: "TBLT stock has been increasing in the market recently. Its volume is also much higher than its average. With this in mind, will TBLT make your list of penny stocks to watch?"
Quote Source: 7 Hot Robinhood Penny Stocks to Watch That Could be Pandemic Proof
NIACL: Rounding bottom patternSl - 157
In this trending market most of the stocks are making this rounding bottom pattern.
But the IMP thing is when to take entry and perfect SL.
Everyone must have found out this pattern but the entry is most IMP thing which comes with experience so keep Learning.
Queries in comment section.