Zentec Looks Good!

ZENTEC - Continuation Wedge (Bullish) Pattern by hardeepssethi on TradingView.com

A "Continuation Wedge (Bullish)" chart pattern formed on Zen Technologies Ltd ( ZENTEC ). This bullish signal indicates that the stock price may rise from the close of 742.15 to the range of 842.00 - 920.00. Supportive Points: -After a temporary interruption, the prior uptrend is set to continue. -Also there was a gap on 7th Aug 2023 which was filled on 26th October 2023. -Pattern formation took roughly 71 days, so target will be sooner or later than 71 days. -FII has Increased Qty - You can refer third party tool to verify the same. Quarterly Results : M.Cap ₹ 6,237 Cr PE 71.0 Item YOY Sep 2023 Jun 2023 Sep 2022 Sales ⇡ 203% 64.0 132 21.1 EBIDT ⇡ 304% 21.8 66.2 5.39 Net profit⇡ 279% 17.3 47.1 4.58 EPS ⇡ 255% ₹ 2.06 ₹ 5.61 ₹ 0.58 PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.

Dollar Industries Intermediate Term looks bullish!

Dollar Industries Intermediate Term looks bullish! by hardeepssethi on TradingView.com

Based on the price movement, there was a period of consolidation where the price was trading within a range. However, the recent price action indicates a significant break above this consolidation phase, which suggests a continuation of the previous upward trend. 

Initially, the pattern started during a downtrend as prices formed higher highs and lower lows within a broadening pattern. Subsequently, the trading range gradually narrowed after reaching the peak highs and the lows began to trend upward. The recent breakout above the upper boundary of this narrowing diamond pattern indicates the resumption of the previous uptrend. 

Note for everyone who came across this reference: 

  • This chart analysis is only for reference purpose.  
  • This is not buying or selling recommendations.  
  • I am not SEBI registered.  
  • Please consult your financial advisor before taking any trade. 


Daily-Chart View of Rashtriya Chemicals & Fertilizers Ltd.

RCF - Continuation Diamond (Bullish) by hardeepssethi on TradingView.com

On Daily-Chart of Rashtriya Chemicals & Fertilizers Ltd.

A bullish continuation pattern known as a broadening pattern or diamond pattern has been formed. This pattern typically occurs during a downtrend and consists of price movements creating higher highs and lower lows, forming a widening or broadening shape. 

As the pattern progresses, the range between the highs and lows narrows, indicating a potential consolidation or indecision in the market. However, when the price breaks out above the upper boundary line of the diamond pattern, it suggests a continuation of the prior uptrend. This breakout is seen as a bullish signal, indicating that buyers have gained control and the upward momentum is likely to resume. 

It's important to note that technical analysis patterns are subjective and should be used in conjunction with other indicators and analysis techniques for more accurate predictions. It's always recommended to conduct thorough research and analysis before making any trading or investment decisions. 

Note for everyone who came across this reference: 

  • This chart analysis is only for reference purpose.  
  • This is not buying or selling recommendations.  
  • I am not SEBI registered.  
  • Please consult your financial advisor before taking any trade.