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Candlestick Analysis

COALINDIA Q2 FY24 Earnings Report: Slowing Growth but Dividend P🔴 COALINDIA Q2 FY24 Earnings Report: Slowing Growth but Dividend Play Ahead 🔴 Overview: COALINDIA Q2 FY24 results, announced on October 25 after market close, reveal a slowing growth trajectory with YoY declines in profit and revenue. Although the company remains profitable, the market sentiment may be dampened by these lower earnings. Earnings Summary: Net Profit: ₹6,289 crore, down 21.9% YoY (compared to ₹8,048.6 crore last year) Revenue: ₹30,672.9 crore, down 6.4% YoY EBITDA: ₹8,617 crore, down 14.2% YoY, with a margin of 28.1% Interim Dividend: ₹15.75/share announced, Record Date: November 1, 2024 Technical Levels: Current Price: ₹461 (as of October 25 close) Resistance Levels: ₹507, ₹496, ₹486, ₹475 Support Levels: ₹456, ₹436, ₹426, ₹405, ₹375 Suggested Trading Strategy While COALINDIA’s earnings reflect slowing growth, the stock remains attractive due to the high dividend payout. Here’s a balanced approach: Sell on Rise: The weak earnings growth suggests potential selling pressure. Consider reducing positions if the stock tests upper resistance levels (₹475-₹507). Dividend Strategy: Muhurat trading on November 1 (Diwali) offers a unique buy opportunity for dividend eligibility through the T+1 settlement system. Entering near support levels around ₹456 could allow for dividend capture by the November 5 settlement. Conclusion: The focus remains on capturing dividend benefits during Muhurat trading while monitoring for price dips to support levels. Despite lower YoY performance, Coal India’s profitability and dividend yield make it viable for strategic positioning. Disclaimer: I am not a SEBI-registered advisor. This analysis is for educational and informational purposes only and should not be construed as financial advice. Please conduct your own research or consult with a SEBI-registered investment advisor before making any investment decisions. Trading and investing in the stock market involves risks, and you should assess these risks based on your financial situation and risk tolerance.
NSE:COALINDIA
by Fight_Bulls_vs_Bear
EURUSD 27/10/24EUR/USD has shown a continuous downward movement this week, which aligns with the institutional trend we discussed last week. Although there was a brief push above the recent high, there is a chance for the price to move slightly higher before resuming its path. We’ve highlighted key areas of interest. One is a supply zone where we expect the price to react, potentially targeting liquidity to the left. Additionally, there is a potential reaction point at the previous high, along with a liquidity target below. Our short-term bias is bullish, but we maintain a long-term bearish outlook, as we have for the past month. Keep an eye on fundamentals, and avoid buying in this market since the overall trend is still downward. Remember to follow the "Keep It Simple" approach, and only take trades with a clear entry signal. Trade safe and always stick to your plan.
by rosshayes
Coal India Q2 FY24 Earnings Report: Slowing Growth but Dividend 🔴 NSE:COALINDIA Q2 FY24 Earnings Report: Slowing Growth but Dividend Play Ahead 🔴 Overview: NSE:COALINDIA Q2 FY24 results, announced on October 25 after market close, reveal a slowing growth trajectory with YoY declines in profit and revenue. Although the company remains profitable, the market sentiment may be dampened by these lower earnings. Earnings Summary: Net Profit: ₹6,289 crore, down 21.9% YoY (compared to ₹8,048.6 crore last year) Revenue: ₹30,672.9 crore, down 6.4% YoY EBITDA: ₹8,617 crore, down 14.2% YoY, with a margin of 28.1% Interim Dividend: ₹15.75/share announced, Record Date: November 1, 2024 Technical Levels: Current Price: ₹461 (as of October 25 close) Resistance Levels: ₹507, ₹496, ₹486, ₹475 Support Levels: ₹456, ₹436, ₹426, ₹405, ₹375 Suggested Trading Strategy While NSE:COALINDIA ’s earnings reflect slowing growth, the stock remains attractive due to the high dividend payout. Here’s a balanced approach: Sell on Rise: The weak earnings growth suggests potential selling pressure. Consider reducing positions if the stock tests upper resistance levels (₹475-₹507). Dividend Strategy: Muhurat trading on November 1 (Diwali) offers a unique buy opportunity for dividend eligibility through the T+1 settlement system. Entering near support levels around ₹456 could allow for dividend capture by the November 5 settlement. Conclusion: The focus remains on capturing dividend benefits during Muhurat trading while monitoring for price dips to support levels. Despite lower YoY performance, Coal India’s profitability and dividend yield make it viable for strategic positioning. Disclaimer: I am not a SEBI-registered advisor. This analysis is for educational and informational purposes only and should not be construed as financial advice. Please conduct your own research or consult with a SEBI-registered investment advisor before making any investment decisions. Trading and investing in the stock market involves risks, and you should assess these risks based on your financial situation and risk tolerance.
NSE:COALINDIAShort
by Fight_Bulls_vs_Bear
BankNifty Intraday Levels 28-Oct-2024, Selling TrendBankNifty has immediate resistance near 50985-51065 wait for the price come to near resistance Zone and enter only on reversal for good risk:reward ratio. Bank Nifty selling trend continue keep find reversal on every rise. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:BANKNIFTYShort
by smrgrover2
ETH/USD POSITION UPDATEI closed out my last position early this morning like 1am (mountain time) too huge profits, I hope these updates are helpful, they are for me to make sure I stay in my trades. I am using this post as a way to document and journal my journey through trading seeing what was good what was bad. As I begin to learn more and more, I will probably do more complex technical analysis. Right now, I am just trying to learn and "Master" trend lines and candle stick readings I think the crypto market is a good way to practice chart patterns due to its volatility. I am not a grandmaster trader yet, but I sure will like to be. Anyway, if you look at the picture, I put everything I am looking for they're this is stuff I learned two weeks ago and it's made me profitable so far. I honestly thought it would fall further. But as you can see its still consolidating and I think we are getting closer to a real breakout. Again, It can go either way, but these are the candle sticks I am looking for.
COINBASE:ETHUSD
by Christian_J_Cruz
Indian hotels on a high. Indian Hotels Co. Ltd. engages in the ownership, operation, and management of hotels, palaces, and resorts. It operates through India and Overseas geographical segments. Indian Hotels Co. Ltd. CMP is 691.25. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Strong cash generating ability from core business and Book Value per share Improving for last 2 years. The Negative aspects of the company are High Valuation (P.E. = 76.6), Declining profits and Increasing Trend in Non-Core Income. Entry can be taken after closing above 693 Targets in the stock will be 706 and 722. The long-term target in the stock will be 738. Stop loss in the stock should be maintained at Closing below 649 or 596 depending upon your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:INDHOTELLong
by Happy_Candles_Investment
Vimta Labs trying to be victorious.Vimta Labs Ltd. engages in the provision of contract research and testing. It services include cGMP laboratory services; analytical food and water; preclinical research; clinical research; biopharma; environmental assessments; and clinical reference lab. Vimta Labs Ltd. CMP is 558.20. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Mutual Funds Increased Shareholding in Past Month and Good Aggregate Candlestick Strength. The Negative aspects of the company are High Valuation (P.E. = 30.2), Declining Net Cash Flow and Inefficient use of assets to generate profits. Entry can be taken after closing above 569 Targets in the stock will be 599, 617 and 643. The long-term target in the stock will be 667 and 702. Stop loss in the stock should be maintained at Closing below 517 or 503 depending upon your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:VIMTALABSLong
by Happy_Candles_Investment
$ARTYFACT (ARTYUSDT): Bearish Trend is Over! Behold Accumulation Market cycles psychology is universal: it works on Forex, Stocks, Commodities markets and of course it can be applied for making prediction on Crypto market. Analyzing the long term price action on AMEX:ARTY on a daily time frame, we see a strong bearish trend that started in spring of This year. The coin lost more than 80% before it finally found the bottom. Since July, we see a clear shift in the momentum. The price stopped updating the lows and, in addition to that, violated a resistance line of a huge falling parallel channel. That was a clear sign of the strength of the buyers and the exhaustion of the sellers. At the moment, we see a clear accumulation stage. The price is stuck within a wide horizontal range. With a high probability, the smart money - the institutional traders are accumulating long positions now. As the price managed to respect the lower boundary of the range multiple times already, it provides a perfect zone to buy the market from. Realistically, the price will bounce and reach at least the upper boundary of the range. With a stop loss lying below its lows, you can get 260% Return on Investment. A longer term confirmation, will be the completion of the accumulation stage. The breakout of the resistance of the range will indicate a highly probable start of a new bullish trend and a rally to the current historic highs. What are your thoughts, traders?
Long
by VasilyTrader
1