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SURYA ROSHNI LTD

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SURYAROSNI trade ideas

Low risk triangle pattern on SURYAROSNISURYAROSNI broke out of triangle pattern on daily chart. There was strong volume on the day of breakout. Price also retested new support level on following trading sessions forming a dragonfly doji indicating sellers are out of steam and were unable to push the price down further. This provides a low risk entry just above todays high with stop loss just below the dragonfly doji candle's low. Target could be just below the high of the triangle pattern. This could offer a low risk reward of 1:3 or even higher depending on market condition. I'm slightly changing my trading system so as to cut out noise and trade less. This means I'm targeting more of higher probability setups and sharing some with you guys so you could benefit from it. Also you would see the chart more clean without any indicators so we can concentrate on visible price action. Hope you would like this idea, if so please boost it or leave a comment below on what you think.
NSE:SURYAROSNILong
by digijagan
☀️🌞Surya Roshni Limited Chart analysis- upside on cards?Surya Roshni Limited manufactures and markets steel pipes and tubes, lighting products, fans, home appliances, and PVC pipes in India. The company operates through Steel Pipe and Strips; and Lighting and Consumer Durables segments. It offers ERW pipes for agriculture industry and construction activities, such as scaffolding and casing in bore wells; spiral welded pipes for transportation of oil, gas, and water; cold rolled strips and sheets; and hollow section pipes. The company also provides various LED lamps, fittings, down lighters, and power drivers/strips; extension board, holder, and immersion heater; irons, torches, and lanterns; indoor commercial, industrial, roadway, flood, landscape, and solar lightening products; and accessories, HID lamps, light sources, and high masts and poles.In addition, it offers celling, table/pedestal/wall, and domestic and industrial exhaust fans; and home appliances, including mixer grinders, juicer mixer grinders, dry and steam irons, induction cooktops, sandwich makers, pop-up toasters, storage and instant water heaters, immersion water heaters, air cooler, oil filled radiators, heat convectors, halogen and quartz heaters, and electric kettles. Further, the company provides CPVC, and uPVC plumbing and SWR pipes, as well as related fittings; and uPVC pressure piping systems. It exports its products to approximately 50 countries worldwide. Surya Roshni Limited was founded in 1973 and is headquartered in New Delhi, India. Disc: not invested , only on my watchlist , Do you own research before buy and sell
NSE:SURYAROSNILong
by Peaceful-Weekend-Investing
The Sun Shines Bright - Surya Roshini - 20% UCSurya Roshini - one of the largest Steel Pipes and Lighting companies in India shined bright on Friday (Dec 29) when it got locked in 20% UC This 20% was backed with 2 important milestones: 1) Cup & Handle BO supported with Volume @ Monthly TF 2) Multi-Year Parallel Channel BO as well 3) Target for C&H BO is 965 Break-out Traders - What to watch for, Can we Trade this at CMP ? What will happen on Tuesday ? Read our analysis below: 1) Typically stocks which BO tend to Retest the BO zone - To find this out we need to do Multi-timeframe analysis 2) On Weekly Charts - we also notice a smaller Parallel Channel with an embedded Box pattern BO 3) Despite the 20% UC - the stock ended right on the resistance of Parallel Channel Trendline - and infact it was rejected just at market close couple of points below 20% Given this, Tuesday opening is important - It has to open above the smaller Parallel Channel and ensure that it sustains above this channel the whole day. A rejection within the channel would lead to sideways consolidation between 577 to 777 before taking a BO to reach the Target Avoid FOMO - ensure we invest our money at right time so our returns are not delayed. Risky players - may take entry at CMP for 50% and keep remaining funds to average "if" there is a retracement. Safe players - wait for Retracement and let it take support before taking positions
NSE:SURYAROSNI
by Stocks-n-Trends
SURYAROSNI 505 Surya Roshni Ltd Good momentum chart looking good Market Cap ₹ 5,509 Cr. | Current Price ₹ 506 | 52 High / Low ₹ 601 / 222 | Stock P/E 14.5 | Book Value ₹ 182 Dividend Yield 1.17 % | ROCE 22.8 % | ROE 19.7 % Face Value ₹ 5.00 | Promoter holding 63.0 % Current liabilities ₹ 790 Cr. | Total Assets ₹ 2,878 Cr. Return over 1year 113 % Return over 6months 31.6 % Return over 3months 19.1 % Return over 1month -2.07 % Return over 3years 56.8 % Return over 5years 36.2 % MACD ₹ -6.96| RSI ₹ 47.0 | DMA 50 ₹ 508 DMA 200 ₹ 427 Volume 7,02,792 | Avg Vol 1Mth 4,04,947 | Avg Vol 1Wk 4,97,154
NSE:SURYAROSNILong
by northpole77
SuryarosniStock have strength and good fundamentals Qtr sales up by 2% Qtr net profit up 168% Qtr EPS up by 167 % Entry level----816 stop loss ------728 Breakout trading implementation: 1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range. 2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights into shifts in market sentiment and potential price movements. 3. **Entry Points:** Breakout points serve as potential entry points for traders looking to ride the momentum of a newly established trend. Buying on a breakout can capture the early stages of a price movement. 4. **Confirmation of Strength:** Successful breakouts indicate the strength of a trend. If an asset breaks out with high volume and follows through with sustained price movement, it suggests a strong trend in that direction. 5. **Avoiding False Signals:** Breakout strategies often include using indicators or confirmation signals to avoid false breakouts. This can enhance the accuracy of trade decisions. 6. **Defined Risk and Reward:** Breakout trading allows for setting clear stop-loss levels below the breakout point, which helps manage risk. Traders can also calculate potential profits based on the distance between the breakout point and a projected target. 7. **Adaptable to Various Markets:** Breakout trading can be applied to various markets, including stocks, forex, commodities, and cryptocurrencies. The concept remains consistent across different assets. 8. **Flexibility:** Traders can adapt breakout strategies to their preferred timeframes, whether they are day traders, swing traders, or long-term investors. 9. **Liquidity Opportunities:** Breakout points are often associated with increased trading volume, which can provide better liquidity for executing trades. 10. **Risk vs. Reward Assessment:** Traders can evaluate the potential risk of a trade (stop-loss) against the potential reward (target price), aiding in decision-making and portfolio management. 11. **Psychological Advantage:** Successful breakout trades can boost a trader's confidence and discipline, reinforcing the effectiveness of their strategy. 12. **Market Events:** Breakouts can occur around significant market events such as earnings reports, economic data releases, or geopolitical developments, offering traders opportunities to capitalize on sudden price movements. Remember, while breakout trading offers potential advantages, it also carries risks. False breakouts and market reversals can lead to losses. Successful implementation requires a solid understanding of technical analysis, risk management, and the ability to adapt to changing market conditions.
NSE:SURYAROSNILong
by BAAPOFBREAKOUT
1
Curve lines for identifying potential support and resistance levLet's take a closer look at curve lines to identify a potential bullish breakout. In the chart, we can see that the price has been trading within a narrow range over the past year. By drawing a curve line connecting the close/open prices over the past year, we can visually represent the range within which the price has traded. As seen in the chart, the curve line forms a crescent shape, with a tail extending to the upside. This suggests that the price may be poised to break out to new highs. Next, let's examine the current price action. As seen in the chart, the price has recently broken out above the curve line and is now heading towards the upper end of the range represented by the curve line. This suggests that the potential bullish breakout is unfolding as expected. In conclusion, curve lines for identifying potential support and resistance levels on a chart. By drawing a curve line connecting the prices over a given period of time, we can gain insight into the range within which the price has traditionally traded. This information can be used in conjunction with MACD on OBV technical indicators to identify potential trading opportunities and make more informed decisions about when to enter and exit trades.
NSE:SURYAROSNI
by stocktechbot
SURYAROSNI SURYAROSNI Stock Analysis: Bullish Outlook with Potential Upside Targets Hello Traders, Today, we have an exciting stock to discuss: SURYAROSNI. In this analysis, we will explore the current market conditions and potential trading opportunities for SURYAROSNI (ticker symbol: SURYAROSNI). Key Information: Ticker Symbol: SURYAROSNI Entry Price: Above 586 Stop Loss: 562 Target Prices: 900, 1030, 1170 Today's Closing Price: 792.50 date 03*07*2023/ Technical Analysis: SURYAROSNI has been displaying bullish momentum recently, and it seems poised for further upside potential. The stock closed at 792.50 today, which is an important reference point for our analysis. The suggested entry price for buying SURYAROSNI is above 586, indicating that traders should look for an entry point above this level. This threshold could act as a trigger for increased buying interest, potentially leading to upward price movement. To manage risk, it is crucial to set a stop loss at 562. If the stock price falls below this level, it may indicate a shift in the bullish trend and warrant exiting the position to limit potential losses. Target prices provide guidance on when to consider taking profits. In this case, three target levels are suggested: 900, 1030, and 1170. It's important to monitor the stock's performance closely and adjust your strategy accordingly as these targets approach. Please note that stock markets are inherently unpredictable, and it's essential to conduct thorough research and consider other factors such as overall market conditions, company news, and fundamental analysis before making any investment decisions. Additionally, past performance is not indicative of future results. Remember to always trade responsibly and consult with a financial advisor if needed. Happy Trading! Disclaimer: This post is for educational and informational purposes only and should not be considered as financial advice. Trading stocks involves risks, and it's important to make informed decisions based on your own research and risk tolerance.
NSE:SURYAROSNI
by MahadevPhad
'Suryarosni NSE' a brief analysis and future prospectsNSE:SURYAROSNI *Overall the stock is moving in an upward sloping channel when viewed in weekly time-frame *It bounced perfectly from the mid of the high time frame channel *Currently below the resistance @529.30 *In 3min lower time frame the stock is in an uptrend *Price is above 200ma *Conclusion: If the Resistance @529.30 is broken and established as support with good buy volume then we can expect higher prices. Disclaimer: The views above are solely mine and it is not meant to be a financial advice. Please do your own research and analysis while engaging in trades. Note: This is my first post and I would be delighted if you could share your feedback regarding my analysis.
NSE:SURYAROSNILong
by ChartCorp177