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
Indianstocks
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 - SUPRAJIT ENG Suprajit Engineering , renowned for its excellence in automotive cable manufacturing, stands as a stalwart in the industry, poised for potential growth and value appreciation. Let's delve into the technical factors guiding this promising swing trading opportunity.
Reasons are listed below :
A notable breakout has occurred, as the stock successfully breaches a symmetrical triangle pattern.
A robust bullish Marubozu candle graces the weekly timeframe, signifying significant buying momentum and potential continuation of the uptrend.
Notably, the breakout candle engulfs the preceding seven weekly candles, marking a decisive shift in market sentiment.
The stock finds support at the 50-day exponential moving average (EMA) on the weekly timeframe, reinforcing the bullish bias and providing a solid foundation for further upward movement.
Accompanying this breakout is an uptick in trading volumes, indicating heightened investor interest and participation in the stock.
Target - 475 // 540
StopLoss - weekly close below 380
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 - RITESRITES , a leading engineering consultancy company specializing in transport infrastructure, is showing technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
770-800 Resistance Zone : The 770-800 level has been tested multiple times and the price is now attempting to break through this resistance, indicating strong bullish momentum.
Ascending Triangle Breakout : The price is breaking out of an ascending triangle pattern, a bullish continuation pattern that suggests potential for further upward movement.
Bullish Engulfing Candle on Daily Timeframe : The recent formation of a bullish engulfing candle on the daily chart indicates strong buying pressure and further supports the bullish case.
50 EMA Support : The stock is finding support at the 50-day exponential moving average (EMA), reinforcing the overall bullish sentiment and providing a strong support level.
Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains.
Spike in Volume : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest.
Target - 930 // 1030
Stoploss - daily close below 680
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 - MPHASISMphasis , a prominent IT services company, is showing technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
Break of Cup and Handle Pattern : The price has broken out of a cup and handle pattern, a bullish continuation pattern that indicates potential for further upward movement.
2830 Resistance Zone Breakout : The 2830 level has been a significant resistance zone, and the price has recently broken out above this level, indicating strong bullish momentum.
Bullish Marubozu Candle on Weekly Timeframe : The formation of a bullish marubozu candle on the weekly chart signifies strong buying pressure and suggests potential for continued upward movement.
Volume Spike : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest.
Breaking Consolidation Phase of 2+ Years : The stock is breaking out of a long consolidation phase that lasted over two years, signaling a potential new bullish trend.
Target - 3460 // 3900
Stoploss - weekly close below 2475
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 - FORTIS HEALTHCAREFortis Healthcare , a leading Indian healthcare provider, presents a compelling opportunity for swing trading.
Reasons are listed below :
Breakout from Key Resistance Zone : The 450 level has acted as a strong resistance, being tested multiple times. The price is now breaking out of this zone, indicating strong upward momentum.
Bullish Engulfing Candle on Daily Timeframe : The recent daily candle engulfed the previous 7 daily candles, signaling a significant shift toward bullish sentiment and indicating potential for further upward movement.
Breaking 4-Month Consolidation Phase : The stock has broken out of a consolidation phase that lasted over 4 months, suggesting a new bullish trend might be forming.
Bounce from Golden Fibonacci Zone : The price retraced to the 0.618 Fibonacci retracement level and bounced back, indicating strong support and reinforcing the potential for a continued bullish trend.
Trading Above 50 and 200 EMA on Daily Timeframe : Fortis Healthcare is trading above both the 50-day and 200-day exponential moving averages, a strong indicator of a sustained uptrend.
Trading at All-Time High : The stock is currently at its all-time high, suggesting strong market interest and potential for further growth. However, caution is advised as all-time highs can also attract profit-taking or indicate overbought conditions.
Target - 500 // 525
Stoploss - daily close below 420
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
H&S PATTERN - CHEMICAL HOT STOCK - AARTI INDAarti Industries Ltd, the flagship company of the Aarti group, manufacturing organic and inorganic chemicals at its major facilities in Vapi, Jhagadia, Dahej and Kutch, in Gujarat and in Tarapur in Maharashtra. The company has a strong market position in the NCB-based specialty chemicals segment.
Fundamentally : Neutral
Technically : Neutral to bullish
Happy Trading :)
SWANENERGY BREAKOUTSwan Energy Limited (SEL) was originally incorporated in 1909 as Swan Mills Ltd. (SML), a manufacturer and marketer of cotton and polyester textile products in India. Over the years, it has diversified into real estate and is developing a floating storage and regasification unit-based liquid natural gas (LNG) import terminal at Jafrabad in Gujarat.
FUNDAMENTALS
Pros
Strong sales growth of 249%.
Significant profit growth of 584%.
Good liquidity with a current ratio of 3.13.
Manageable debt with a debt-to-equity ratio of 0.55.
Diversified business into real estate and LNG.
Long-standing market presence since 1909.
Cons
High P/E ratio of 76.2, suggesting overvaluation.
Low dividend yield of 0.01%.
Modest return ratios: ROCE 8.28% and ROE 7.03%.
High price-to-book ratio of 3.65.
Total debt of ₹3,440 crore.
Exposure to industry volatility in the LNG sector.
Overall financial strength : 73/100
TECHNICALS
Prices are above 21, 50, 200 day EMA and 200 day MA.
Stock corrected nearly 40%+ from the top.
Weak Correction is suggesting that the supply is fading.
RSI : 63; indicating buying momentum.
MACD Crossover on Daily & Weekly time frame.
Stock was trading in a range for 4 months and finally broke out and retested the level of 680–665.
A teeny-tiny rounding bottom pattern formation.
ACTION
Above 750, it's a big base breakout, so one can capitalise on the momentum for a target of 795 (short-term positional).
For a little longer horizon, can hold it for 892.65 and 987 levels (fundamentally good company)
Aggressive traders can deploy small portion of capital above 750 if crosses with good volume spike.
Safe ones can wait for a retest at 747–755 level.
Now as per technical analysis, SL should be placed at around 645–650ish, but the RR isn't too fair for short term traders, so they can either place SL below the 21-day EMA.
This is just my analysis and research. I shall not be responsible for anyone's loss.
Happy Trading :)
SWING IDEA - ONGCOil and Natural Gas Corporation (ONGC), India's largest oil and gas exploration and production company, is showing technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
285 Resistance Level: The 285 level has been a significant resistance zone and has been tested multiple times. The price is now attempting to break through this level, indicating strong bullish momentum.
Bullish Marubozu Candle on Daily Timeframe : The recent formation of a bullish marubozu candle on the daily chart indicates strong buying pressure and suggests potential for further upward movement.
Breaking 5+ Months Consolidation with Volumes : The stock is breaking out of a consolidation phase that lasted over 5 months, supported by increased trading volumes, signaling a potential new bullish trend.
Trading Above 50 and 200 EMA : The stock is trading above both the 50-day and 200-day exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels.
Target - 335
Stoploss - Daily close below 260
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 - BAYER CROPSCIENCEBayer CropScience , a global leader in agricultural science, is exhibiting technical indicators that suggest a promising swing trading opportunity.
Reasons are listed below :
6500 Resistance Breakout : The 6500 level has been a significant resistance zone. The price is now breaking out above this level, indicating strong bullish momentum.
Breaking 4+ Year Consolidation Phase : The stock is breaking out of a long consolidation phase that lasted over 4 years, signaling a potential new bullish trend.
Strong 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.
Bounced Back from Golden Fibonacci Zone : The stock has bounced back from the golden Fibonacci retracement level (0.618), a key area where prices often rebound, indicating potential for an upward move.
Trading Above 50 and 200 EMA on Weekly Timeframe : The stock is trading above both the 50-week and 200-week exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels.
Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains.
Target - 7670 // 8700
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 - CYIENT Cyient , a global engineering and technology solutions company, is displaying technical indicators that suggest a potential swing trading opportunity.
Reasons are listed below :
1700 Support Zone : The 1700 level has been established as a strong support zone, providing a solid base for potential upward movement.
Double Bottom Pattern : The formation of a double bottom pattern indicates a potential reversal from the downtrend, signaling a bullish outlook.
Bullish Hammer Candle on Weekly Timeframe : The presence of a bullish hammer candle on the weekly chart suggests a reversal in sentiment from bearish to bullish, indicating strong buying pressure.
Engulfed 6 Weekly Candles : A recent bullish candle has engulfed the previous 6 weekly candles, demonstrating significant buying interest and a potential shift in trend.
0.382 Fibonacci Support : The stock is finding support at the 0.382 Fibonacci retracement level, a key area where prices often bounce back, indicating potential for an upward move.
50 EMA Support : The stock is supported by the 50-week exponential moving average (EMA), reinforcing the bullish sentiment and providing a strong support level.
Target - 2190 // 2460
Stoploss - weekly close below 1660
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
RAMASTEELHi guys,
In this chart i Found a Demand Zone in RAMASTEEL CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
INFOBEANHi guys,
In this chart i Found a Demand Zone in INFOBEAN CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
ASIANPAINTHi guys,
In this chart i Found a Demand Zone in ASIANPAINT CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
HINDCOPPERHi guys,
In this chart i Found a Demand Zone in HINDCOPPER CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
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
$GMRINFRA long trade setup 4 hour (12/07/2024)Greetings Folks,
today I have prepared a setup of NSE:GMRINFRA on NSE
the analysis is as follows-
- the stock is in overall bullish trend
- right now consolidating in a tight range
- wait for the breakout of this range
- if it breaks down use the fib levels as support
don't play with fire, always use a predefined stop loss
South India bank - going southwards ??🏦 South Indian bank -My insights and opinions based on the financial data from South Indian Bank's Q1 FY25:
Positive Aspects:
↳ The marginal increase in Profit After Tax (PAT) from ₹288 crore in Q4 FY24 to ₹294 crore in Q1 FY25 suggests resilience and effective cost management.
↳ Slight improvement in Return on Assets (RoA) indicates maintaining profitability despite economic pressures, showing prudent risk management practices.
↳ Consistent Gross and Net NPA ratios indicate stable asset quality, a strong point given the current economic climate.
↳ Growth in deposits and advances, even if slight, reflects ongoing customer trust and market penetration, critical for long-term growth.
Concerns:
↳ The decrease in Net Interest Margin (NIM) from 3.38% to 3.26% raises concerns about the tightening of interest income relative to the bank’s average earning assets.
↳ This reduction in NIM could be due to competitive lending rates or higher cost of funds, which needs addressing to sustain profitability in a volatile financial market.
↳ The substantial 26% drop in Non-Interest Income, primarily from Treasury & Forex, significantly impacts the bank's diversified income streams.
↳ The decline in Non-Interest Income highlights the need for the bank to explore new non-interest revenue sources or enhance the performance of existing ones to mitigate volatility.
Strategic Focus Areas:
↳ Enhancing income diversification and managing interest margin pressures are crucial for maintaining and improving the bank’s financial health in future quarters.
↳ The bank should continue to leverage its strong points, such as stable asset quality and customer trust, while strategically addressing areas of concern to bolster its overall market position.
Conclusion:
↳ While South Indian Bank shows robustness in certain areas, the decline in NIM and Non-Interest Income are areas needing strategic focus.
↳ Enhancing income diversification and managing interest margin pressures will be key to maintaining and improving the bank’s financial health in future quarters.
Shared the chart with technical analysis for your reference
🙏 bhatiashivendra
disc: no holding , do you own research before taking any actions.
South India bank - going southwards ??🏦 South Indian bank -My insights and opinions based on the financial data from South Indian Bank's Q1 FY25:
Positive Aspects:
↳ The marginal increase in Profit After Tax (PAT) from ₹288 crore in Q4 FY24 to ₹294 crore in Q1 FY25 suggests resilience and effective cost management.
↳ Slight improvement in Return on Assets (RoA) indicates maintaining profitability despite economic pressures, showing prudent risk management practices.
↳ Consistent Gross and Net NPA ratios indicate stable asset quality, a strong point given the current economic climate.
↳ Growth in deposits and advances, even if slight, reflects ongoing customer trust and market penetration, critical for long-term growth.
Concerns:
↳ The decrease in Net Interest Margin (NIM) from 3.38% to 3.26% raises concerns about the tightening of interest income relative to the bank’s average earning assets.
↳ This reduction in NIM could be due to competitive lending rates or higher cost of funds, which needs addressing to sustain profitability in a volatile financial market.
↳ The substantial 26% drop in Non-Interest Income, primarily from Treasury & Forex, significantly impacts the bank's diversified income streams.
↳ The decline in Non-Interest Income highlights the need for the bank to explore new non-interest revenue sources or enhance the performance of existing ones to mitigate volatility.
Strategic Focus Areas:
↳ Enhancing income diversification and managing interest margin pressures are crucial for maintaining and improving the bank’s financial health in future quarters.
↳ The bank should continue to leverage its strong points, such as stable asset quality and customer trust, while strategically addressing areas of concern to bolster its overall market position.
Conclusion:
↳ While South Indian Bank shows robustness in certain areas, the decline in NIM and Non-Interest Income are areas needing strategic focus.
↳ Enhancing income diversification and managing interest margin pressures will be key to maintaining and improving the bank’s financial health in future quarters.
Shared the chart with technical analysis for your reference
🙏 bhatiashivendra
disc: no holding , do you own research before taking any actions.