Valaris deep correction has endedVery strong balance sheet, excellent management, and stable backlog of fleet bookings will allow VAL to make significant money for shareholders in the years ahead.
Together with its price trend reversal it will be an assuring addition to upcoming oil long-term price trend reversal.
Short term Elliott Wave Analysis given in a note below.
SMCPL LONG TRADE 09-06-2025 (1H TF)SMCPL LONG TRADE
After a recent downtrend, SMCPL is showing signs of upper reversal in the form of an inverted head and shoulders pattern. This reversal is accompanied by increased volumes, adding credibility to the potential upside movement. The stock has created a flipped institutional demand zone and a gap, making this a safe long trade opportunity.
🚨 TECHNICAL BUY CALL – SMCPL🚨
- Buy 1: PKR 19 (current level)
- Buy 2: PKR 18
- Buy 3: PKR 18.1
- TP1: PKR 20
- TP2: PKR 20.94
- TP3: PKR 22.12
- TP4: PKR 23.40
- TP5: PKR 24.40
*Stop Loss:* Below PKR 17.7 Daily Close
*Risk-Reward Ratio:* 1:6.6
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
BALUFORGE ANALYSISThanks for stopping by.
All analysis here is done strictly from an investor’s perspective — focusing on risk, return, valuation, and potential upside.
The notes cover key details. I’ve backed every thesis with my own analysis — no fluff, just what matters to investors.
If you find the idea useful or have suggestions, feel free to leave a comment. Always open to fresh insights.
Kind regards,
Psycho Trader
JSBL LONG TRADE 09-06-2025JSBL LONG TRADE
JSBL has been in an uptrend since December 2022, completing five waves and then entering a corrective phase. The correction has taken shape of a bearish wedge (double bottom bull flag) and retraced between 50% to 61.8% levels. From this level, the stock has shown strong signs of reversal. Targets calculated from Pattern Diversion Forecast, considering the correction's tendency to from a Sequential Trough Consolidation within a Bullish Continuation Channel.
🚨 TECHNICAL BUY CALL – JSBL🚨
- Buy 1: PKR 9.88
- Buy 2: PKR 9.3
- Buy 3: PKR 8.8
- Buy 4: PKR 7.95
- TP1: PKR 11.5
- TP2: PKR 13
- TP3: PKR 14.81
- TP4: PKR 16.3
*Stop Loss:* Below PKR 6.8 DAILY CLOSE
*Risk-Reward Ratio:* 1:3.85
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
GGL (THIRD STRIKE) 09-06-2025GGL (THIRD STRIKE)
As previously mentioned, GGL is trading on HTF, taking support from a long-term trend line. After an accumulation phase, it broke out and retested the breakout level, creating a spring (liquidity sweep) at an inducement level. Following that, the stock assumed an uptrend and recently created a flipped institutional demand zone, making it a safe place for the third strike buy call.
🚨 TECHNICAL BUY CALL – GGL🚨
- Buy 1: PKR 16.16 (current price)
- Buy 2: PKR 15.3
- Buy 3: PKR 14.8
- TP1: PKR 17.2
- TP2: PKR 18.2
- TP3: PKR 19.4
*Stop Loss:* Below PKR 14 - Daily Close
*Risk-Reward Ratio:* 1:3.9
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
POML LONG TRADE 09-06-2025POML LONG TRADE
After trading in a range for approximately 8 years (May 2017 - May 2025), POML has broken out powerfully in a spike pattern, creating multiple flipped demand zones and measuring gaps. This breakout indicates a potential for sustained upside movement.
Currently
In a pullback phase after the breakout, presenting a buying opportunity.
🚨 TECHNICAL BUY CALL – POML🚨
- Buy1: PKR 244 (current price)
- Buy2: PKR 234
- Buy3: PKR 217
- TP1: PKR 295
- TP2: PKR 328
- TP3: PKR 364
- TP4: PKR 390
- TP5: PKR 415
- TP6: PKR 436
*Stop Loss:* Below PKR 190 closing basis
*Risk-Reward Ratio:* 1:3.8
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
From Accumulation to Acceleration: IREDA Ready for a Run?Indian Renewable Energy Development Agency Ltd. is a non-banking financial company, which engages in the promotion, development, and extending financial assistance for energy conservation projects. It operates through the Financing Activities in the Renewable Energy and Energy Efficiency Sector and Generation of Power through Solar Plant Operations segments. The company was founded on March 11, 1987 and is headquartered in New Delhi, India.
IREDA remains well-positioned in the renewable-financing ecosystem, with strong fundamentals and proactive growth capital raising. Continued loan book expansion, robust profitability, and regulatory backing reinforce strategic upside, despite near-term dilution and credit vigilance.
📊 Technical Analysis
🔸 Chart Pattern: Ascending Triangle
Base Support Zone: Around ₹145–₹150.
Higher Lows Formation: Indicates accumulation.
Resistance: ₹180–₹185 (currently testing).
Volume: Drying up during consolidation – a bullish sign per Minervini/Boik for potential breakout.
Moving Average: Price hovering near or reclaiming 30-week MA (Weinstein Stage 1 to Stage 2 transition).
📌 Stan Weinstein – Stage Analysis
Stage: Transition from Stage 1 (base) to potential Stage 2 breakout.
Needs strong volume breakout above ₹185–₹190 for confirmation.
📌 Anna Coulling – Volume Price Analysis (VPA)
Volume Decline on pullbacks confirms no aggressive selling.
Watch for volume spike + wide range candle above ₹185 to confirm buyer dominance.
📌 Mark Minervini – SEPA Criteria
Consolidation: 5-month tightening range.
Relative Strength: Bouncing back while broader markets corrected.
Trigger Entry: ₹180–₹186 (pivot point), with SL below ₹169.
📌 William O’Neil – CANSLIM Style
C: Current Earnings – Q4 EPS ₹1.9 (+49% YoY) ✅
A: Annual Earnings – consistent growth trend ✅
N: New – Transitioning sector, renewed momentum in green energy 🟡
S: Supply/Demand – Low float (25%), positive U/D volume ratio ✅
L: Leader – Improving performance, but not sector leader yet 🟡
I: Institutional Demand – Improving but needs volume surge ✅
M: Market – Tailwind from green energy and power reforms ✅
✅ Strengths:
High and rising Operating Margins (40%)
Growing Sales and EPS
Decent ROE (18%)
Small float stock – prone to sharp moves.
⚠️ Watchlist Risks:
Price still below previous highs – needs breakout confirmation.
Low volume participation recently.
🎯 Recommendation
📌 Action Plan:
NSE:IREDA Buy Above ₹180–₹185 with volume confirmation.
Target 1: ₹230
Target 2: ₹265
Stoploss: ₹169 (below triangle base)
📝 Summary
Indian Renewable Energy is on the verge of a technical breakout after a prolonged base. Supported by improving fundamentals, bullish volume structure, and classic accumulation patterns, it aligns well with the strategies of Weinstein, Minervini, and O'Neil. A breakout above ₹180–₹185 on volume will confirm a fresh rally phase.
CPPL LONG TRADE (SECOND STRIKE) 09-06-2024CPPL LONG TRADE (SECOND STRIKE)
After our previous call, where CPPL broke out of a downward channel with an inverted head and shoulder pattern, the stock achieved its expected targets. Now, it has pulled back and created a flipped institutional demand zone and a measuring gap on the daily timeframe. Currently, it's in a pullback phase, reaching safe areas for a long trade.
🚨 TECHNICAL BUY CALL – CPPL🚨
- Buy 1: PKR 113 (current price)
- Buy 2: PKR 108.2
- Buy 3: PKR 105
- TP1: PKR 119.8
- TP2: PKR 127.2
- TP3: PKR 137.6
- TP4: PKR 145.9
*Stop Loss:* Below PKR 100 Closing Basis
*Risk-Reward Ratio:* 1:3.5
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
JSCL LONG TRADE (SECOND STRIKE) 09-06-2024JSCL LONG TRADE (SECOND STRIKE) 09-06-2024
As previously mentioned, JSCL broke out of an upward diverging channel and did a liquidity sweep, giving a sharp reaction above. Currently, in its uptrend, the stock has created a flipped institutional demand zone, providing another opportunity for a better entry. This place is considered a safe spot to enter a long trade. Notably, on a higher timeframe, JSCL is trading in an upward channel (marked in green), further supporting the bullish outlook.
🚨 TECHNICAL BUY CALL – JSCL🚨
- Buy 1: PKR 19.6 (current level)
- Buy 2: PKR 19.1
- Buy 3: PKR 18.3
- TP1: PKR 21.45
- TP2: PKR 25.0
Stop Loss: Below PKR 16.5 Closing Basis
Risk-Reward Ratio: 1:2.6
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
COST ABC Structure CompletedThe ABC correction may have completed, with the final C leg forming inside a diagonal structure. A sharp drop started from $1,066. Traders should wait for a potential corrective reaction before entering a short position.
It's important to note that as long as the diagonal channel remains intact, the zigzag structure can still extend. A clear break below the diagonal would confirm bearish continuation toward the $960 zone.
Hariom Pipes Industries Ltd Hariom Pipes Industries Ltd is a leading manufacturer of high-quality steel products, including HR Pipes, GI Pipes, GP Pipes, MS Pipes, HR Coils, and Billets. The company was established in 2007 and has grown into a major player in the iron and steel industry in India.
SYMETRIC TRIANGLE BREAKOUT WITH GOOD VOLUME SHOWING GOOD UPWARD MOMENTUM .
BUY IN ANY PULLBACK SUGGESTS.
APLD $13.86 buyApplied digital has been on a tear for the past few weeks fuelled by the news that Nvidia has bought a stake in the company and the deal with wall streets latest darling Coreveave.
Digging a little deeper, looking at the options chain there are a huge number of calls all the way up to $20. The short interest is quoted at 36.2% on market beat, as the price rises short sellers will be forced to close their positions by buying back shares fuelling further gains.
In addition to these factors institutional investors have recently been buying large chunks of shares.
This could very well go parabolic
NVDA Support and Resistance Lines Valid from June 1 to 30Overview:
These purple lines act as Support and resistance lines when the price moves into these lines from the bottom or the top direction. Based on the direction of the price movement one can take long or short entries.
Trading Timeframes
I usually use 30min candlesticks to swing trade options by holding 2-3 days max. Anyone can also use 3hr or 4hrs to do 2 weeks max swing trades for massive up or down movements.
I post these 1st week of every month and are valid till the end of the month.
Stock of the Week ! LMND Price Action June 2025Overview
Name: Lemonade, Inc.
Ticker Symbol: LMND
Exchange: New York Stock Exchange (NYSE)
Founded: 2015
Headquarters: New York City, USA
CEO: Daniel Schreiber (as of 2025)
Sector: Financial Services
About
Lemonade is a technology-driven insurance company that uses artificial intelligence (AI) and behavioral economics to disrupt traditional insurance. It offers a variety of insurance products through a mobile-first, digital platform:
Renters insurance
Homeowners insurance
Pet insurance
Term life insurance
Car insurance
Fundamentals
Overview
Statements
Earnings
Revenue
Key Takeways
Lemonade had a robust quarter with growth accelerating to 27% year-on-year to $151 million in Q1 2025., the 6th quarter of year-over-year (YOY) acceleration, and outperforming. The company posted losses this quarter that was less than expected.
Technicals
Price has crossed above the 50-week EMA (~$30) and is now at $38.98, suggesting strong bullish momentum. The 50-day MA also just crossed the 200 day MA forming a golden cross.
It also recently broke out of a falling wedge pattern formation on the 4hr timeframe.
It has formed and broken out a saucer suggesting a price reversal from 2021 on the weekly chart suggesting bullish momentum.
My Take
NYSE:LMND is showing a clear bullish momentum though it has entered overbought RSI signaling a consolidation or pullback near $42-$45 range. I am looking for a potential upside to
$52 by the end of the month.
Position: LMND 40 Call June 20 2025
Quantitly: 10
Average Cost Basis: 1.26
Last Price: 2.33
Total % Gain/Loss: +85%