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HAPPIEST MINDS - Breakdown !! The chart is self-explanatory as always. The price has followed the textbook price action of Breakdown, Retest and continuation. 750 acted as a support previously, Once it was broken, It was retested and failed to cross over. The price has now given a breakdown of the wedge pattern. It will be interesting to watch if it reverses from here trapping sellers. Or continues its journey downwards towards 600 - 650 levels. The question is, Will it bounce back?? Disclaimer: This analysis is purely for educational purposes and does not constitute trading advice. I am not a SEBI-registered advisor, and trading involves significant risk. Please consult with a financial advisor before making any investment decisions.
NSE:HAPPSTMNDS
by TheChartereds
2
Devyani International can give a tasty breakout. Devyani International Ltd. engages in the development and operation of quick service restaurant. It operates through Within India and Outside India segments. The company manages brands like Costa Coffee, KFC, Pizza Hut, Vangoo and The Good Street. Devyani International Ltd. CMP is 172.37. The Positive aspects of the company is Company with Zero Promoter Pledge and increasing revenues for last 4 Quarters. Book value of the share is also increasing for the last 2 years. The Negative aspects of the company are extremely high Valuation (P.E. = 644.2), Companies Increasing Debt as per Annual Report, Declining Net Cash Flow : Companies not able to generate net cash. Entry can be taken after closing above 174 Targets in the stock will be 181, 188 and 198. The long-term target in the stock will be 205, 218 and 223. Stop loss in the stock should be maintained at Closing below 167 or 158 depending on 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:DEVYANILong
by Happy_Candles_Investment
Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only. Stock has given break out. Buy above high. Keep this stock in watch list. Buy above the High and do not forget to keep stop loss, best suitable for swing trading. Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2 Stop loss can be Trail when it make new box / Swing. Be Discipline, because discipline is the key to Success in Stock Market. Trade what you See Not what you Think.
NSE:COROMANDEL
by AnsariTV
Possible Wave Counts of RELIANCE : Near to Bottom ?Reliance Industries Technical Analysis based on Elliott Wave Counts (Possible) Chart: The analysis is based on a 2-hourly timeframe chart of Reliance Industries (RELIANCE). Elliott Wave Theory: The analysis utilizes Elliott Wave Theory, which suggests that market prices move in repetitive patterns called waves. These patterns consist of impulsive waves (numbered 1-5) that move in the direction of the main trend and corrective waves (labeled A-B-C) that move against the main trend. Possible Wave Counts: Overall Trend: The chart suggests a potential overall uptrend, with the analysis focusing on a smaller degree wave structure within this larger trend. Impulsive Waves: The chart highlights several impulsive waves (1-5) of varying degrees, indicating periods of strong price movement in the direction of the trend. Corrective Waves: The chart also identifies corrective waves (A-B-C), representing periods of price consolidation or retracement against the main trend. Current Wave: The analysis suggests that the price is currently in a corrective wave (2), following an impulsive wave (1). Potential Target: Based on the wave counts, there is a potential for further upward movement once the current corrective wave completes. However, specific price targets are not provided in this analysis. Key Levels: Invalidation Level: A key level to watch is the "Invalidation Level" marked on the chart. If the price breaks below this level, the current wave count may be invalidated, suggesting a different interpretation of the market structure. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:RELIANCE
by RK_Chaarts
Upside price movement Can start in Hdfc Life insurance According to Elliott wave analysis, Price is all set to start its wave 3 till 1000rs first target. Fundamentals are supporting its technicals so its perfect time to buy in price range 620 to 650 Date 20 dec 2024 1=Balance sheet- good, 3 on 3 2= a= sales, profit- increasing, highest this year b= employee & staff expense- increasing c= interest- 0 d= profit before and after tax- highest 3= Investor - fii/dii are there, public has only 6% 4=Credit Rating = AAA 5= General details a= Market cap=1,33,600cr b= pe=79 ,median pe= 91, industry pe=53.4 c= ROCE=6.6 , ROE=11.4 , Debt = no Amazing Fundamentals.
NSE:HDFCLIFE
by mohitdevelopments
SBIN : at Wave C completion zoneSBIN Analysis (20th Dec 2024) The chart of SBIN (State Bank of India) illustrates an extended retracement to mitigate liquidity, a failed breakout (BO), and a corrective wave completion. Let us dive into a step-by-step educational breakdown of actionable levels. Current Structure: The price has recently formed a corrective wave structure (A-B-C) and is trading near a potential demand zone around 818-834. The first target zone lies between 850-852. Further breakout could lead to an extended target between 900-912. The stop-loss is below 814, where failing the deep retracement may result in bearish continuation. Action Plan: Buying Opportunity: Consider entering near 818-834, as this aligns with the golden retracement zone. This is a low-risk entry given the confluence of previous support and corrective wave completion. Targets: Book partial profits around 850-852. If momentum sustains, trail stop-loss to 845 and aim for 900-912 as the extended target. Stop Loss: Place a stop-loss below 814 to manage risk. A failure here could invalidate the setup, resulting in further downside risk. Risk-Reward Ratio: Buying around 830 with a target of 850 (initial) and 900 (extended) offers a risk-reward ratio of approximately 1:3, making it a favorable trade setup. Key Educational Note: Green trendlines denote bullish movement, while red illustrates potential bearish risks. The yellow trends indicate a sideways range, highlighting consolidation zones. Disclaimer: This is not financial advice. Always consult with a SEBI-registered advisor before trading. Like and share if you find this analysis helpful!
NSE:SBINLong
by LiveTradingBox
1
RAILTEL: Building Strength at Demand ZoneRAILTEL (Railtel Corp of India Ltd.) Key Levels: Demand Zone: ₹348 - ₹357 First Target Zone: ₹452 Second Target Zone: ₹561 Stop Loss: Below ₹345 (demand zone failure) Structure & Trend: Stock has been in a corrective phase, respecting the demand zone multiple times. A potential double bottom structure may be forming around ₹348-₹357. Golden retracement of the last swing low offers a bounce opportunity. Trade Plan: Entry: Around ₹355 - ₹365 within the demand zone. Targets: First target: ₹452 Second target: ₹561 Stop Loss: ₹345 on a daily close basis. Note: A breakdown below ₹345 could lead to further downside; monitor price action.
NSE:RAILTELLong
by LiveTradingBox
8
SRF Good to rally up if holds above 2355 on daily chartNSE:SRF has broken out of a downtrend with strong buying momentum. The breakout indicates a potential upward move. - The price has decisively crossed the trendline, confirming bullish sentiment. - Increasing volume on the breakout confirms participation by buyers. Entry Point: Around 2,325 INR (current level or on slight pullback). Stop-Loss: 2,220 INR (below recent swing low). Targets: Target 1: 2,500 INR. Target 2: 2,625 INR. Monitor the price action closely for sustained momentum above the breakout zone. 🔴 Disclaimer - Not a Buy/Sell Recommendation. TrendX Institute of Technical Analysis (A Unit of Candlestick Institute OPC Pvt Ltd.) GSTIN NO. - 07AALCC8499B1ZA
NSE:SRFLong
by Trendxinc
for short termINDIGO AVIATION BUYING RANGE - 4530 TARGET- 4790-5020+++ STOPLOSS 4100 Interglobe Aviation Ltd (Indigo) is India’s largest passenger airline operating as a low-cost carrier. Serving 86 destinations including 24 international destinations, it provides passengers with a simple, unbundled product, fulfilling its singular brand promise of providing “low fares, on-time flights, and a courteous and hassle-free service” to its customers. IndiGo commenced operations in August 2006 with a single aircraft and has grown its fleet to 262 aircrafts.
NSE:INDIGOLong
by pushkar2536
1