BSE LimitedBSE Ltd. shows potential for breaking its all-time highs and beyond, especially if it maintains its leadership in India's capital markets and benefits from increasing trading volumes. Key support levels should be monitored closely to validate a bullish outlook.
looking further for more price data to form which will help me deliver with Perfect entry and Stoploss. currently i am staying neutral with no action in place just looking further how price moves in future.
Bseindia
Nifty1! Daily Chart Analysis- NFANifty1! Daily Chart Analysis- NFA
-Price rejected from daily resistance (Mid point of red rectangle) aka daily sibi.
-Rejection from mid point of sibi shows its willingness to go further down to next imbalance(BISI-D)
-Expecting 23342 as next draw on liquidity (Green line labeled as top of daily bisi).
Silver1! Weekly Chart analysis-NFASilver1! Weekly Chart analysis-NFA
-Price came back inside weekly range after sweeping Buyside.
-Expecting price to bounce from next Weekly BISI (Support Level)
- i want the price(candle body) to stay above midpoint of green rectangle(BISI/Support)
-Weekly market structure also forming an inverted head and shoulder
-Any bearish weekly candle close below green support rectangle will invalidate the long setup and next target will be Sellside.
IDBI DAILY CHART TIME FRAME - MY VIEW ONLYThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Please keep your comments useful & respectful.
Keep it simple, keep it Unique.
Thanks for your support
Tradelikemee Academy
Saanjayy KG
CGPower : Strong Bullish Momentum: Key Support & Resistance Zone NSE:CGPOWER in Strong Bullish Momentum: Key Support & Resistance Zones
NSE:CGPOWER continues to demonstrate solid upward momentum across multiple timeframes, with positive trends seen on the daily, weekly, and even shorter 75-minute charts. Here's an advanced look at key levels and insights:
Key Indicators to Watch:
Weekly 50 EMA: ₹605 – A strong long-term support level. The price remains well above this, indicating a sustained bullish trend.
Daily 50 EMA: ₹736 – Medium-term support. A key level to watch for any pullbacks or corrections.
Weekly 10 EMA: ₹745 – Immediate weekly support, offering a clear level for trend continuation.
Daily 10 EMA: ₹792 – The near-term support on the daily chart; holding this level is crucial for continued upward momentum.
75-min Chart:
50 EMA: ₹786 – This EMA offers intraday support, crucial for short-term traders.
21 EMA: ₹816 – Further intraday support, maintaining strength at this level keeps the bullish sentiment intact.
10 EMA: ₹840 – Immediate short-term support in intraday action.
Key Resistance Levels:
52-Week High : ₹874.70 – A breakout above this significant level could lead to a fresh rally with further upside potential.
₹846 – Short-term resistance that aligns with 75-min 10 EMA, a key test for continued bullish momentum.
₹875-₹900 – If the stock breaks its 52-week high, we may see this range as the next target zone.
Support Levels to Watch:
₹756 – Short-term support level; a strong dip-buying opportunity if prices pull back to this region.
₹786 – A key support level on the 75-minute 50 EMA; holding this strengthens the upward move.
₹816 – The 75-minute 21 EMA provides a solid intraday support level.
₹846 – A critical near-term support zone that should hold for the continuation of bullish movement.
Outlook:
NSE:CGPOWER is showing a healthy bullish momentum, with consistent support levels across the daily and weekly charts. Holding above ₹756 and breaking past ₹874.70 could fuel further bullish activity. Watch for pullbacks near support levels for potential buying opportunities. As long as the price holds above its key EMAs, especially the daily and 75-min EMAs, the trend remains strongly positive.
Conclusion:
With CGPower's upward momentum intact and strong support from its EMAs, it remains in a bullish trajectory. Monitoring price action near ₹756, ₹786, ₹816, and ₹874 is essential for confirming continued strength.
Disclaimer: I am not a SEBI Registered Research Analyst (RA). This analysis is for educational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making any trading decisions.
DR. REDDY LABThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Please keep your comments useful & respectful.
Keep it simple, keep it Unique.
Thanks for your support
Tradelikemee Academy
Saanjayy KG
Multiyear breakout- going steel strong !!BSE:RUDRA
Research Report: Rudra Global Infra Products Ltd.
1. Company Overview
Rudra Global Infra Products Ltd. (RGIPL) is a significant player in the Indian steel manufacturing sector, specifically focusing on TMT Bars production. Incorporated in Bhavnagar, Gujarat, RGIPL began as M.D. Inducto Cast Pvt. Ltd. in 2013, initially producing MS billets. By 2014, the company expanded into TMT Bars manufacturing, leveraging the rising demand for steel products in Gujarat. Rebranded in 2016, RGIPL has consistently grown, both in scale and scope, enhancing its capacity from 1.2 lakh tons to 2.4 lakh tons annually in its Steel Melting Shop (SMS) and Rolling Mill (RM) divisions.
Strategic Expansion:
Backward Integration: RGIPL has successfully implemented backward integration by using scrap from its ship recycling business to produce steel billets, minimizing environmental impact and reducing costs. This vertical integration provides RGIPL with a competitive edge, ensuring a steady supply of high-quality raw materials at lower costs.
Forward Integration: The company has also engaged in forward integration, expanding its product offerings and enhancing its market reach. The launch of the "Rudra TMX" brand in 2014 marked a significant milestone, positioning the company as a premium TMT Bars manufacturer.
Recent Developments:
RGIPL has diversified into aerospace and defense sectors through its subsidiary, Rudra Aerospace and Defence Pvt. Ltd., which focuses on precision and investment casting solutions.
The company has also been actively involved in sustainable practices, integrating renewable energy sources into its operations and adopting a circular economy model in its scrap processing activities.
2. Industry Outlook
Global and Indian Steel Industry:
The global steel industry is poised for moderate growth, driven by infrastructure development, urbanization, and government initiatives in emerging economies. According to the World Steel Association, the demand for steel is expected to grow steadily, with non-flat products like Bars & Rods, particularly in high demand.
India, being one of the largest steel producers globally, has seen significant growth in crude steel production, with an increase of 13.6% in 2023-24. The Indian government’s infrastructure projects, such as the National Infrastructure Pipeline (NIP) and PM Gati Shakti, are set to fuel the demand for steel products in the coming years.
Gujarat Steel Industry:
Gujarat, one of India’s most industrially developed states, contributes significantly to the country’s steel output. The state’s robust infrastructure, policy support, and strong industrial base make it a favorable location for steel manufacturing.
3. Technical Analysis
The monthly chart for Rudra Global Infra Products Ltd. (NSE: RUDRA) indicates a strong bullish breakout from a multi-year resistance level around ₹64.25, with the current price surging to ₹69.00. This breakout is accompanied by a substantial increase in trading volume, suggesting strong buying interest and potential for further upside.
Key Technical Indicators:
Moving Averages: The stock price is trading well above the 20-month and 50-month moving averages, indicating a sustained bullish trend.
Volume Analysis: The surge in volume during the breakout reinforces the strength of the move, suggesting that the stock is under accumulation by institutional investors.
Resistance and Support: Having broken through the previous resistance level, the next potential target could be ₹100, with strong support at ₹64.25.
4. Financial Highlights
Revenue Growth: RGIPL has seen consistent revenue growth, with a sales figure of ₹557.03 crores in FY 2024, up from ₹452.51 crores in FY 2023.
Profitability: The company has maintained a healthy EBITDA margin, reflecting efficient cost management and operational efficiency.
Leverage: With a debt-to-equity ratio that has decreased over the years, RGIPL is well-positioned to manage its financial obligations and fund future expansions.
5. Strategic Growth and Sustainability
RGIPL is focused on sustainable growth, integrating renewable energy sources such as wind and solar power into its operations. The company’s commitment to a zero-liquid discharge policy and efficient scrap processing highlights its dedication to environmental stewardship. These initiatives not only reduce operational costs but also enhance the company’s reputation as a socially responsible entity.
Key Milestones:
2019: Installation of a 20 MT induction furnace, doubling billet production capacity.
2023: Commencement of a continuous stand rolling mill, further increasing TMT Bar production capacity.
Future Plans: The company aims to become entirely energy self-sufficient by 2029, relying solely on renewable energy sources.
6. Conclusion
Rudra Global Infra Products Ltd. is strategically positioned to capitalize on the growing demand for steel in India, particularly in Gujarat. With its integrated operations, focus on sustainability, and recent technical breakout, RGIPL presents a compelling investment opportunity. The company’s strong financials, continuous capacity expansion, and diversification into new sectors like aerospace and defense further bolster its growth prospects.
Investment Thesis:
Bullish Outlook: The recent technical breakout and volume surge suggest a strong bullish outlook, with potential targets in the ₹100 range.
Long-Term Growth: RGIPL’s focus on backward and forward integration, along with its sustainable practices, positions it well for long-term growth in the Indian steel industry.
Recommendation:
Buy: Given the technical setup and strong fundamentals, RGIPL is a recommended buy for long-term investors looking to capitalize on growth in the Indian steel sector.
Disc: no investment as of now , however may add position if breakout sustain , if closes below previous month - exit sign
No recommendation
Source: Investor's presentation
BAJAJ FINSERVE - DAILY TIME FRAME - MY VIEW ONLYThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Please keep your comments useful & respectful.
Keep it simple, keep it Unique.
Thanks for your support
Tradelikemee Academy
Saanjayy KG
Paras Defence And Space Tech LONG TERM VIEWParas Defence is forming a Symmetrical Triangle On Weekly Timeframe. The Entry and Stoploss would be considered on Candle Closing Basis.
Entry - Above 800
Stoploss- Below 576
Targets - 1001,1260,1550 and 1760 (These Targets would be achieved in 2.5 years max from the date of entry).
NOTE :- This View is purely based on Technical Analysis and is for educational purposes only. Please consult your financial advisor before taking any trade.
BSE ltd - what's my trade plan 📈💡NSE:BSE
Performance: BSE LTD's performance in the market has been stable with significant growth in its key business segments.
Market Dominance: BSE LTD continues to dominate as one of the leading stock exchanges in India, dealing with a wide array of asset classes.
Technological Advancements: BSE LTD has made significant technological advancements to provide efficient and robust trading systems.
Revenue Streams: BSE LTD has diverse revenue streams such as transaction charges, depository charges, membership fees, and listing fees, contributing to its stable financial performance.
Regulatory Compliance: BSE LTD operates under strict regulatory compliance, ensuring the interest of investors.
Partnerships: BSE LTD has formed strategic partnerships globally, enhancing its market reach and influence.
Investment Opportunities: With a high potential for growth, BSE LTD presents promising investment opportunities for traders and investors.
disc: Invested , will look for averaging up
BSE ltd - what's new trade plan 📈💡BSE Ltd What's my new trade plan NSE:BSE
If you've been following the stock market, you may have noticed that BSE LTD was one of the biggest wealth creators last year and is now setting up nicely. I covered the company's fundamentals in a previous analysis, which you can find through the link below.
Added now with anticipation will be a weekly breakout
and thereafter, you can follow me here and connect with me social media - will share more details
Covered more in detail in video earlier
As a disclosure, I'm holding shares from the first trade plan (which were free) and have since added more, but please note that this is not a recommendation.
An Ascending Triangle for MARICO!!!The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern!
For target measure the distance from the start of the pattern, at the lowest point of the rising trendline to the flat support line. That same distance can be transposed later on, starting from the breakout point and ending at the potential take profit level!
BAJAJ FINSERVEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support.....
Tradelikemee Academy
Saanjayy K G