Get started

Consolidation

This specialty packaging co. looks to be moving to Stage 2!The company is a producer of plastic packaging material in the form of multilayer collapsible tubes and laminates used primarily for packaging of toothpaste, personal care, cosmetics, pharmaceuticals, household and industrial products. • World's largest global specialty packaging company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space with units in ~10 countries. Key Financials: • Total Revenue for latest quarter increased ~13% YoY • Net Profit for latest quarter increased by >73% YoY • TTM Net Profit margin increased from ~5% to ~8% Red Flag Check: • Promoter holding in the company has almost stayed constant at ~52% with insignificant pledging • Debt:Equity ratio is <0.5 with ~5x interest coverage • Stock is not under any exchange surveillance lists Key Technicals: • Stock has broken out of 1-year stage 1 consolidation zone with heavy volumes • Stock has broken out of a cup-and-handle formation • Stock is showing higher relative strength compared to benchmark index Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
NSE:EPLLong
by PratikThakkarCO
22/05/23 Weekly outlookLast weeks high: $27656.6 Last weeks low: $26997.5 Midpoint: $26338.4 With the price of BTC starting the week at the same price it finished it, we had a largely boring 7 days of price action. A very tight <5% spread form highs to lows, the majority of time spent around the $26800 mark with the occasional whipsaw to give the illusion of volatility. With price tightening the way it is, usually an impulse move follows, the longer we consolidate at this level the bigger the move that follows is the general rule.
by ProR35
My EURCHF short setup - 100 pips profitHow I took this trade I found this setup while strolling on the EURCHF chart. I saw it was consolidating between 0.97600 (resistance) and 0.97230 (support). Based on this, I drew a consolidation zone and waited for a fakeout, which happened before the market closed on Friday. It had a little fakeout of around 1-2 candlesticks on the 1H chart. From this little fakeout, it moved back to the zone, touched it, and then a bearish trend continued, as the fakeout suggested. When I entered and exited my position I entered my position when I saw that the bearish trend continued after it retraced to the zone. From there on, I held it till 0.97099, sold 50% of my position, and then sold the other 50% at 0.97074. Question for the readers: how can I hold this trade longer (see where it went), and where do I take my profit? Jasper
Short
by JBod03
DIXON BULLISH DIVERGENCE ON DAILY CHART!!!!Hello to everyone, As we can see there is a Bullish divergence in RSI & PRICE on daily timeframe . This is indicating that price has not much momentum to go downside. We can expect a trend reversal in Dixon. The price consolidating in a range from last few days. As per the theory of range, the price will go to the side on which the breakout occurs. But here the price is trading in oversold zone and BULLISH DIVERGENCE is also happening between PRICE & RSI on daily chart. So there is higher probability of that breakout will happens upside. Dixon 👉🏻Added in watchlist✅👍 👉🏻Breakout possible above 2860+ close (Buy abv BO)✅ 👉🏻Above breakout gap filling possible 3150 to 3350+🎯 👉🏻Quality stock👍 👉🏻Base support made at 2550👍 👉🏻RSI Bullish Divergence✅ Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
NSE:DIXONLong
by Jha_Nidhi
2
$WYNN - Double inside day & Launchpad setupSince the market seems to be in a 'confirmed' uptrend (HH & HL + increase in breadth), it's time to be bullish again! Top idea for next week: Wynn Resorts ( NASDAQ:WYNN ) Buy with break of the High of the day c. 110.4 Reasons: - Double inside day in the upper wick of a positive High Volume candle (analyst upgrade and positive news) + confluence of 10,21 and 50 day ( launchpad ) - Tight consolidation with shakeout since the beginning of february - Bullish momentum since november - Positive Earning momentum + good fundamentals (EPS q/q & sales >30%) Stop-loss: - Low of the second inside day 108.98 - If breakout happens, stop loss could be 10day MA or AVWAP of HV day PT: - First area of resistance ca. 117 (partial) - Fibs: 125 - Or following the 10/21 MA Follow price and volume + fundamentals ! No investment advice
NASDAQ:WYNNLong
by UnknownUnicorn7024067
Bearish divergence explained in NIFTY & BANK NIFTY.DIVERGENCE is when the price of a scrip is moving in opposite direction of an indicator, usually an oscillator. It acts as a warning that the price trend may be getting weaker. It does not necessarily mean that the trend will reverse. It could signal an exhaustion of the current trend, the beginning of a period of consolidation or a medium to long term reversal. _________________________________________________________________________________ Divergences are classified according to their levels of strength. Type A divergences are the strongest, Type B divergences show lesser strength and Type C divergences are the weakest. Type A divergences usually present the best trading opportunities, whereas Type B and Type C mostly lead to choppy price movement or consolidation. _________________________________________________________________________________ TYPE A: Type A bearish divergences occur when price rises to a new high but the oscillator is only able to rise to a high that is lower than the previous high of the oscillator. The divergences of this type often indicate a reversal towards a downtrend. TYPE B: Type B bearish divergences are formed when the price makes two equal highs or a double top and the oscillator makes a lower second top. TYPE C: Type C bearish divergences occur when price rises to a new high but the indicator stops at the same level it reached during the previous rally. _________________________________________________________________________________ Divergences are important signals which can be used to book profits on existing positions or pulling up your trailing stop losses. NIFTY and BANK NIFTY both, are displaying bearish divergences on the daily timeframe. Which type of bearish divergence do you see in NIFTY? Comment below.
NSE:NIFTY
by Tradeception_
PIDILITIND CONOLIDATION BREAKOUT SOON!!The price consolidating itself near demand zone from a very long time. Price respects the support level of 2240 and takes support & moved towards upside to the breakout level. If price breaks the levels of 2355 and closes than we can expect good upmove in coming days. #PIDILITIND📊 👉Keep in watchlist 👉Breakout Possible above 2855+ Close 👉Support At 2240 👉Good Consolidation near Demand Zone. 👉Above Breakout , Good move possible towards upside.✅🎯
NSE:PIDILITINDLong
by Jha_Nidhi
TATACOMM: A Consolidation Breakout with Strong VolumeHey traders! Today, we're looking at #TATACOMM, a stock that has recently broken out of a consolidation pattern with strong volume and support levels. As you can see from the chart, #TATACOMM has formed a consolidation pattern and has recently broken out of this pattern with a strong daily close above the breakout level. This indicates that there is significant interest in the stock and that it may be poised for a bullish move. Additionally, there appears to be strong volume buildup and a subsequent volume breakout, further confirming the potential for a bullish move. It's always encouraging to see strong volume when a breakout occurs, as it can indicate that there is significant buying pressure behind the move. Furthermore, there is strong support at 1220, which can act as a key level for traders to manage their risk. If the price drops below this level, it may indicate a false breakout and could lead to further downside. Based on the breakout and the support levels, there are potential targets for the stock at 1345, 1366, and 1400+. However, it's important to keep in mind that these targets are based on technical analysis and market conditions can change quickly, so it's important to monitor the stock closely and adjust your strategy accordingly. In summary, #TATACOMM has recently broken out of a consolidation pattern with strong volume and support levels, indicating that it may be poised for a bullish move. Happy trading!
NSE:TATACOMMLong
by Jha_Nidhi
APOLLOTYRE CONSOLIDATION BREAKOUT The stock has finally broken out towards the upside after a lengthy period of consolidation, and all signs point towards potential gains. With the momentum firmly on its side and various technical tools indicating a clear path towards higher levels, now is the time to consider jumping on board. Apollotyre has the potential to soar towards price targets of 400/450/500+ and beyond! Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
NSE:APOLLOTYRELong
by Jha_Nidhi
NIFTYAUTO Consolidation Nr. Resistance Breakout Potential?🚗 #NIFTYAUTO is currently trading in a consolidation zone, with the price hovering near the upper boundary. This level has proven to be a tough resistance for the price in the past, with the range of 13455--13544 being a major obstacle to overcome. 📈 However, if the price manages to break out of this resistance area and closes above it on the weekly chart, we could potentially see a strong upward momentum in the near future. This is especially significant considering the prolonged period of consolidation that the price has been experiencing. 📉 On the other hand, if the price fails to break through the resistance zone, we may see it retreat back into the consolidation phase once again. 🔍 Traders should keep a close eye on #NIFTYAUTO and monitor its movement around the key resistance level. A successful breakout could present lucrative trading opportunities, while a failure to do so may indicate a continued period of consolidation. Happy trading!
NSE:CNXAUTOLong
by Jha_Nidhi
2
BERGERPAINTS TRENDLINE BREAKOUT!!!!The price following descending trendline resistance from a very long time. Whenever the price reaches near the trendline price taking resistance and slopes down. Now finally price breaks the trendline and closes above the trendline with good breakout candle. The level of 550 is strong support for the price . Candle closes above the breakout level of 575 and holding itself at the higher levels. price showing good momentum for swing reversal . After the breakout possible targets are 615--633 & 650. BERGERPAINTS📊 👉🏻Range + Trendline Breakout 👉🏻Support 572 & 548 👉🏻Add for swing reversal 👉🏻Target possible 615/633/650+
NSE:BERGEPAINTLong
by Jha_Nidhi
INDIGO near the CONSOLIDATION BREAKDOWNThe price trading in tight Consolidation Range of 1800 to 1920 since last 40 days and formed the structure looks like the base formation. If price breaks the level of 1920 and closes and will sustain above the breakout level than we can see target of 1985 Which is a gap space. Gap space can act as strong resistance for the price towards the upside momentum and if price Sustain above the 1990+ level than we can head towards the target of 2055/2100/2150. If price not able to close above the 1920 and price rejection from 1920 will again make it Rangebound. Breakdown below the 1800 will leads to fall Towards the Level of 1750/1700 ✅
NSE:INDIGOLong
by Jha_Nidhi
PG Proctor & Gamble Swing Long or InvestPG had a triple bottom in March and now is again on an uptrend rest march towards the all-time high of $ 165 which is the target here. The volume indicator shows a slowly rising volume compared with March with a spike on April 20th corresponding to a favorable earnings play. The long term moving average shows the reversal of the downtrend into a triple bottom ( long moving average with near zero slope) and then the uptrend. The RSI indicator shows cycling between overbought and oversold and so the entries for buying then selling call options if one is more a trader than an investor. Having had favorable earnings I see this as part of a recession type an investment portfolio with all-time high as the target and looking to hold through the next quarterly earnings if the uptrend has no major correction in the meanwhile. Slow and stead wins the race. I
NYSE:PGLong
by AwesomeAvani
EURUSD Consolidation Amidst Bullish Momentum: Key TakeawaysThe EUR/USD pair experienced consolidation last week despite maintaining its bullish momentum. The 1.10422 supply/resistance level held strong, leaving traders wondering how long this resistance will persist. The uptrend remains intact on daily, 4-hour, and 1-hour timeframes, with price rejecting from the 20-day EMA and MACD above the zero line. However, the 4-hour chart suggests a potential retest of the 1.09098 support level due to weak upward momentum shown by the MACD. The 1-hour timeframe indicates a shift in momentum as the MACD is now below the zero line. This, combined with consolidation on the 4-hour timeframe, implies that price action may move sideways for some time, barring any major news events. Several factors could impact the EUR/USD chart next week, including monetary policy decisions by the ECB, inflation data, market confidence and sentiment, and overall economic growth. Additionally, the GBP/USD pair has been trading within a range, offering traders potential range-bound opportunities by buying near support and selling near resistance. A series of economic events and data releases, such as the ECB's monetary policy decisions, ISM Manufacturing and Services PMI, and U.S. employment figures, could cause price volatility in the coming week. Moreover, many speculators believe that the Fed will halt interest rate hikes after the May 3rd decision, which may influence the EUR/USD pair's movement. In conclusion, traders should keep an eye on key factors, economic events, and data releases that could affect the EUR/USD pair while also considering the current consolidation and potential sideways price action.
by ClintOnos