ACC Ltd (NSE: ACC) Weekly Chart Analysis🔹 Channel Support and Resistance
The stock has been moving within an ascending channel since early 2022, creating a structured uptrend. Currently, it’s trading near the channel’s lower boundary, around ₹2,357. This zone has historically acted as a key support level, making it an area to watch closely for potential buying interest.
🔹 Descending Wedge Breakout
Recently, ACC broke out of a descending wedge pattern, a generally bullish formation, which suggests the potential for an upward move. The breakout is still in its early stages, so continued momentum will be critical in confirming the trend reversal.
🔹 Price Targets
First Resistance: ₹2,592.75 – If momentum sustains, this level aligns with a prior high and could act as a short-term target.
Channel Resistance: If the stock gains further strength, the upper boundary of the channel could offer the next significant resistance level.
🔹 Cement Industry Tailwinds
According to brokerages, Indian cement firms, including ACC, have seen successful price hikes in September, and there are plans for further hikes in October. This is generally positive for margins, adding fundamental support to the current technical picture.
🔹 RSI
The Relative Strength Index (RSI) shows an oversold condition that’s starting to turn upwards, suggesting possible accumulation at these levels.
📈 Conclusion: Watch for sustained support around ₹2,357 and an upward move towards ₹2,592. A close above ₹2,592 could indicate renewed bullish strength, especially with ongoing industry tailwinds from price hikes.
Infrastructure
SWING IDEA - IRB INFRA DEVIRB Infrastructure Developers Ltd ., one of India's leading infrastructure development companies, is displaying technical signals that suggest a swing trading opportunity.
Reasons are listed below :
58 Zone as Strong Support: The 58 level has proven to be a crucial support zone, offering a strong foundation for potential upward movement.
Bullish Engulfing Candle on Daily Timeframe: The formation of a bullish engulfing candle indicates a surge in buying pressure.
200 EMA Support on Daily Timeframe: The stock is receiving solid support from the 200-day EMA, which strengthens the bullish outlook.
Volume Spike: A noticeable increase in trading volumes suggests strong investor interest and potential for a breakout.
Target - 72 // 78
Stoploss - daily close below 57
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
Emerging Real Estate, Infrastructure (nal jal yojna) & PM Aawas Apollo pipes ltd is having good dealership network in north India, once they spread across the rest of the country, they will undoubtedly at among top players in upvc and pvc pipes.
one can bet on their stock for coming 3 years, buy strategically at current level 538-542, accumulate more around at 494 finally buy more at 430 for the first target of 600 second target at of 750 finally book profit at 900 all above targets are likely to observe by the end of December24 to January 2025.
This is not a buy recommendation, this is my personal idea and view for upcoming 6 months to 3-year time frame, one should take advise from his financial advisor before investing.
Refer Chart for Logic and Analysis methodology.
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
JSWINFRALooks Supergood on Charts.
Near All Time High.
Above all Key EMA.
Good for Shortterm.
Do Like ,Comment , Follow for regular Updates...
Keep Learning ,Keep Earning...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
GMRINFRAMultiple Breakouts.
52 Week High and Rounding Bottom.
Good Volume Buildup.
Good for Short Term.
Do Like ,Comment , Follow for regular Updates...
Keep Learning ,Keep Earning...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
8000 MARKET CAP IS BOUND TO 11 THOUSAND MARKET CAP IN 100 DAYSArchean Chemical Industries Ltd, incorporated in the year , has its registered office in No 2 North Crescent Road, T Nagar, Chennai, Tamil Nadu, 600017, 91-44-61099999. The main industry in which Archean Chemical Industries Ltd operates is Chemicals.
Auditor/Auditors for Archean Chemical Industries Ltd is/are PKF Sridhar & Santhanam LLP. In the main management, is chairman and G Arunmozhi is the company secretary for Archean Chemical Industries Ltd.
SPOT 653
DATE 12 APRIL 24
777 EXPECTED TO GO
ADD UPTO 636
MAIL US FOR MORE VIJAY at Vijaymarketingg . com
HAPPY INVESTING
EDGE - #DePin Infrastructure long term playThis is NOT a short term indicator play. It's a cyclic infrastructure investment #DePin, with a real product and revenue, token burning mechanism. Great entry on a 365 ema retrace touch which gives the best possible RR given the nature of this investment. I will also be participating in providing a node and staking. Little birdie told me good alpha about the roadmap. DYOR
PSN Engineering Consultants /Design LONGParsons reports in 2 days. This multinational engineering firm thrives on infrastructure projects
like highways and bridges, airport runways and other engineering issues such as cybersecurity
walware attacks, election interference, DOS wars, dams, irrigation projects, 100-year storm
assessments and FEMA related work. I am very familiar with this multinational firm that
someday will be consulting on the rebuilt of Ukraine and the Gaza Strip. It is a stable
company with a bright and prosperous future.
The chart shows investors reacting to the impending earnings report and taking positions.
Volatility was extreme last Thursday one week before earnings. I will be adding to my long
position in PSN. This is a slow and steady wins the race type of stock best suited to long term
investors or traders with options strategies.
GTL INTRASTRUCTURE - BEST PERFORMER PENNY STOCKCan enter at CMP 1.75 or Enter at 1.60 level
Targets - 2.35,3.75+
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
IRB INFRASTRUCTURE STRONG BREAKOUT ON OCT 2023STRONG SUPPLY ZONE BREAKOUT
- Strong BO Candidate
- Big Range Accumulation
- Strong Bullish Momentum
- Trading All Time High
- Strong HH-HL Trend
- Massive Volume Buildup
- Looks Ready For 40,45,50+
- Hold 4 to 5 Months
Entered at 35
Targets - 40,50,60,80+
1st Target Completed with in 2 months 23% returns & going
CMP - 41.55
Re-entry possible at 40 level
if falls again from 40 level then average at 35 level
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
KiNE: $0.077 | A Web 3.0 Decentralized Platformit's got the soul of OG BitMEX
the look and feel of Kucoin
the guidance of mentor OKX
the beauty of GMX
under rated valued for now
Cap: $1.5M
Float: 20% regulated managed
Handler: the usual 100x Bagger Suspects
DnA: BiNANCE
if you missed BnB at $0.10 cents
this could be it come 2024/25 in time for its roadmap
Don't sleep on Altura (ALU) - long and soon gone?I can't believe how cheap Altura still is.
Retest on 4 hour time frame at 0.078 or so, could be a nice entry, before next level.
You can probably see this as a short time trade but I prefer to see this idea/opportunity entry on higher time frames...weeks/months.
If the market stays healthy and gaming coins continue to run, it's only a matter of time before we all talk more about Altura!
Altura (ALU) long, big move comingAltura, gaming infrastructure coin.
Altura is a low cap - high risk, but establish token with a lot of partnership. I have big confidence in Altura.
Trading idea
I would wait for a 1 hour close above the neckline (If you wait for 4 hour close, I think the opportunity is gone).
After confirmed break of the neckline I think we will see a "quite fast" 18% ride to target. The target match up with a old weekly close as well as the aspected target based if the head and shoulder pattern play out (distance from the bottom to neckline).
ALTURA longAltura - very promising low cap gaming infrastructure coin.
Weekly RSI at the bottom.
I think we have seen the bottom of Altura and from now it's just long steady walk into the bull market.
A daily close in the yellow box, above 0.0333, could be a good entry point for a long trade.
But I think the best play right now is just DCA, and wait - sooner or later will the gaming narrative run, and Altura will probably "explode" - non financial advice.
DAILY CHART - RELIANCE INFRAThe 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
Lumber Liquidators - Cash pool for Biden Build Back Bettervery nice large time frame setup, fundamentals are strong
TESLA LONG AT THE PARABOLIC INFLECTION POINTmy thesis is that Tesla is now a matured, deep moated, multi-sector innovation enterprise
areas of focus
transporation
manufacturing
commodities
logistics
big data
synthesizations
memetics
artifical intelligence
debt leverage
decentralization
neo-feudal globalization
I'm Long Here.
Texas Instruments (TXN) - Is the stock overvalued?About Texas Instruments
Texas Instruments (TXN) is a technology company that designs and manufactures a wide range of products, including analog and embedded processing chips. The company operates in two segments, Analog and Embedded Processing, and its products are used in various applications, including automotive, communication infrastructure, industrial, and personal electronics.
Strong financial performance in recent years
In recent years, Texas Instruments has seen strong financial performance, driven by strong demand for its products and increasing demand for its embedded processing solutions. The company has consistently delivered revenue and earnings growth, driven by its broad portfolio of products and its ability to continuously innovate and bring new products to market.
Is Texas Instruments (TXN) stock overvalued?
From a technical perspective, the stock price of Texas Instruments has been in an uptrend since the beginning of 2020, and has outperformed the S&P 500 index over that time period. The stock price has consistently made higher highs and higher lows, indicating strong bullish sentiment. In addition, the stock has consistently traded above its 200-day moving average, which is often used as a measure of long-term trend.
The Relative Strength Index (RSI) is a momentum oscillator that measures the strength of a stock's price action. The RSI for Texas Instruments is currently in bullish territory, indicating that the stock is overbought and may be due for a pullback. However, the RSI can remain in overbought territory for an extended period of time, so it is important to consider other technical indicators when making a trading decision.
One potential area of concern for the stock is its valuation. Texas Instruments currently trades at a premium to its historical valuation, which could indicate that the market is pricing in high expectations for future growth. In addition, the stock's price-to-earnings (P/E) ratio is higher than the industry average, which could make it vulnerable to a pullback if the company's earnings growth slows or if the market becomes more cautious.
Conclusion
In conclusion, Texas Instruments has demonstrated strong financial performance and technical strength in recent years. However, investors should be aware of the stock's elevated valuation and consider other factors, such as the company's earnings growth and the overall market sentiment, when making a trading decision. It is always recommended to consult with a financial advisor before making any investment decisions.
Disclaimer
Norvestio AS only offers analysis based on analyst estimates and historical data, and our articles are never meant to be taken as financial advice. It doesn’t represent an advice to buy or sell any stock, and it doesn’t take into consideration your goals or financial position.