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Buy SDBL (Som Distilleries) Targets 20-30%Purchase SDBL within the price range of 250-275. Set targets at 300, 340, and 380, adjusting for the split by dividing by 5. If the price surpasses 390, the all-time high target will be adjusted to 440. Hold the investment for 3-4 months, specifically until the peak of summer. -------------------------- Company News:---------------------------------- In a post-market exchange filing on Wednesday, the liquor manufacturer announced that its Board of Directors will convene on Tuesday, April 2, 2024, to deliberate and sanction the sub-division/split of the company's existing equity shares. -------------------------- Company Overview:---------------------------------- SDBL stands out in the market due to its diverse range of alcoholic beverages, including beer, rum, brandy, vodka, and whisky. Notable brands under its umbrella include Hunter, Black Fort, Power Cool, Woodpecker, Genius, and Sunny. --------------------------Technical Analysis:-------------------------- The stock exhibits a pattern of rising during summers and cooling down in winters, indicating a potential for historical repetition. Backtesting over the last 3-4 years confirms this trend. --------------------------Fundamental Analysis:-------------------------- - Shareholding: Promoters' holdings increased from 34.5% to 34.73% as of December 2023. - Financial Performance: The company has sustained profitability over the last 2-3 quarters, with earnings averaging between 15-20 crores per quarter. Although there's a slight decline compared to June 2023, anticipating an upswing in prices following the June-July quarter results, potentially yielding returns of 20-30%. ------------------------------------------------------------------------------------------------------------ Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
SLong
by NaveenTTR
3
GOLD LONG IDEAGOLD ANALYSIS: GOLD has been one of the most considered safe havens against the fall of the USD. Most investors turned to consider GOLD as a safe haven due to the following factors: The CORE PCE fall as expected on Friday where which indicates that FED will not put more effort into tightening since the stubborn inflation is coming close to the target. FED may pause rate hikes this year (2023) because inflation is on hand and coming closer to the target which is 2%. Technically and for the longer term GOLD is bearish however the current bullish waves gave room for us to closely look at important zones where we have 1893. The price has bounced from the area level now 1893 and 1911.722 because traders found the area as 61.8 Retracement of the current high around 1922.689, hence there may be a correction from this level back to 1904.293 which will definitely be our entry zone. Technically GOLD turns bullish for the short term where an inverted H&S formed and its neckline was broken above, our entry for the broken neckline of inverted H&S will exactly be the same level of 61.8 Retracement level of the current high which is 1904.770.
OANDA:XAUUSDLong
by CELGIB_TRADING
1
IB Real Estate Fib Retracement 38.2% levelsIB Real Estate recently hit its all time high around 195-196 zones. After this upmove, stock corrected to its 38.2% levels i.e. around 177-178 zones. This zone has previously also acted as a strong support (demand zone) for the stock. This time also the stock has respected this support level and bounced back from it. A strong sustained support from the current levels can lead the stock towards its all time highs. I am personally bullish on this stock. *** I am not SEBI Registered Advisor, do consult before taking trade. ***
ILong
by ParyataK
GMRINFRA; 1H Chart; Parallel Channel Breakout probableThe stock after touching it highs of about 10Years, took a downward trajectory and a healthy correction occurred. The stock took support at 0.382 Fibonacci Retracement (You can check this by creating grid), henceforth continuing its journey in a parallel channel. This Channel Pattern consolidation is visible at 1H Charts. A breakout from this channel will lead the stock to further upmove. (Also you can construct a Ascending Triangle for the stock in the similar time frame and price range, which might show the last candle leading a breakout from the triangle with accompanied volumes.) I am personally bullish on this trade. ** I am not a SEBI Registered Advisor, Kindly consult your Financial Advisor and do your own analysis before taking a trade.**
NSE:GMRINFRALong
by ParyataK