This pharma major has beat earnings estimates for 3 quarters!NSE:ZYDUSLIFE
Zydus life sciences is a well-known player and among the top 5 companies in the pharma space. The company has a solid pipeline of biologics and vaccines.
Fundamentally, the company has beat quarterly earnings estimates by an average of 10% for 3 straight quarters. The company has reduced debt and has been paying out good dividends also.
YoY quarterly revenue, margins, and profit have shown good positive trend.
Technically, the price hit new 52-week highs recently. However there are two major resistance zones above current price as shown in the chart.
Nevertheless, the price volume action is favorable for now with strong uptrend in recent times.
Compared to benchmark index, the stock is showing relative strength which in turn is also in an uptrend.
Source: tickertape.in, screener.in
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.
52weekhighs
This auto ancillary stock has broken out of consolidation!NSE:GNA
GNA Axles is an established company in the automobile component space with wide variety of products for the 4-wheeler auto industry.
Total revenue, net profit and earnings have been growing impressively for this company in last 12 months.
EBITDA and Net margins are also on the growth trajectory.
Promoter holding pattern is healthy, albeit with a little bit of pledging <~5%.
On the leverage front, debt to equity ratio is good with more than sufficient interest coverage.
Price hit a 52-week high breaking out of a consolidation base with heavy volumes.
Relative to the benchmark index, price is showing good strength and in an uptrend.
Source: tickertape.in, screener.in
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.
Possible 52 Week high breakout in Tube Investments?As this stock was added to MSCi Index on 30th November, we observed an extremely high volume buying with a significantly smaller candle, which indicates an significant inflow of funds from Institutions and key players tracking the index.We can expect more buying happening in this stock in coming days if it closes above 2,900 in today's trading session (2/12/22).
Adding to this, currently price is trading near its 52 week high price of 2969.85, from where we can expect a small correction in lower time frames. Immediate major support is at 2,771.
Considering the volumes, current price looks attractive. One can maintain stop-loss at 2,470. All possible targets are marked on the chart.
This is just a view, not recommendation to trade. Do your own analysis before making any investment.
Do like and share this idea and share your opinion in the comment section.
NSE:TIINDIA
Classical Cup & Handle Breakout in BHELClassical Cup and Handle Breakout in Bharat Heavy Electricals Ltd
Fundamentally this is one of the undervalued stock in the Capital Goods - Electrical Equipment sector which comes under Electric Equipment industry.
52 week high also broken and candle closes above that level with marubozu candle supported by volume.
Target are mentioned in the chart.
Stop loss below 68 level.
This is just a view not recommendation, do your own analysis before making any investment.
NSE:BHEL
BULLISH on LAXMIMACHNSE:LAXMIMACH
The prices have given the breakout from the previous high and made 52 week high on the weekly chart. The prices are trading above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. This view is for 6 to 12 months. The Target and SL is shown on the charts.
Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
BULLISH Breakout in INGERRANDNSE:INGERRAND
There is a Breakout in INGERRAND. The prices are trading above the moving averages which shows bullishness. The stock as made new 52 week high, which is another sign of bullishness. The RSI is above 50 level which shows good bullish momentum. My view for this stock is for positional i.e. 1 to 6 months. The Target is around 2400 levels and the SL is around 1650 levels.
Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
BULLISH on ASAHIINDIANSE:ASAHIINDIA
ASAHIINDIA has given a breakout and has made a 52 week high after 6 months of correction. The volume is also high on the breakout. The MACD has also given a bullish signal. The price is trading above the moving averages which shows bullishness. The RSI is also trading above 50 which shows good momentum. This view is for long term as the price is given all time high breakout. You can also invest in this stock and i will update when to exit. The SL level is around 550 levels.
Disclaimer : This is my own analysis and view. This is for educational purposes. This is not a recommendation, call or a tip.
52 Week High Breakout in LUMAX AUTO We can observe that the price has successfully closed above the previous 52 Week's high price which was a major supply zone and the price has reversed from that zone couple of times. Increased volume gives confirmation for zone breakout. The stock has the capacity to make nearly50-60% up move in the coming days.
Trade set-up
1) Ideal entry price would be 220-225.
2) Strict stop loss at 140.
3) Possible targets are 266,343,400.
4) book profits as per your risk-reward.
Note:-
This is not a recommendation, make your own analysis.
52W High Breakout & Trendline BreakoutToday My Last stock to pick is Thermax. So This stock crossed 52 week High price and Closed. This shows stock has bullish sentiment.
To add further strength it breaks out trendline resistance also. I think its a far price from both trendline and 52W high, So if I got a chance, I will invest in this stock on either trendline or at 52W high point.
Entry @ 2385- 2451
Stop Loss @ 2271
Target @ 2645
Please consider this idea for educational purpose
All-Time High Breakout in PVRPVR has successfully broken the all-time high price of 2086, with considerable volume. Prior to this, the stock was moving in a channel for almost 2 years. Now, this has been broken along with an all-time high. If the candle next to the breakout manages to close above 2170, we can expect a sharp upside move in the coming days.
About its fundamentals,
PVR Limited (PVR) is India’s largest and most premium film exhibition Company. In March 2022, Inox merged with PVR becoming the largest cinema exhibition company in India operating more than 1500 screens across 110 cities.
All possible targets are given in the chart, maintain SL at 1650.
This is not a recommendation, do your analysis before investing.
Do share your views on this.
Jamna Auto Analysis 17 Jul 2022 Hi viewer, hope you are doing great.
I am super bullish in this stock because it looks like flag and pole, if it breaks channel on the upside then, 52 week high will be achieved shortly and trail stop loss for more targets.
And your stop loss will be channel's bottom.
If you see the chart clearly, when ever it comes near the blue dotted line which is a 200 Moving Average support, it goes up.
Disclaimer : I am not a SEBI advisor, please consult your financial advisor before investing.
Thanks.
Have a great day!
Possible Zone Breakout in Ganesh BenzoplastGanesh Benzoplast is ready for zone breakout. If we narrow down the time frame, we can observe price is constantly taking support at 50MA which is healthy price action.
Breakout will be confirmed if the price closes above 142.
Trade set-up
1) Enter trade only if price closes above 142 in daily time frame.
2) Possible targets for the trade153,170,187.
3) Stop loss at 120.
Note:-
This is not a recommendation. Do your own analysis.
Pls feel free to share your thoughts on this trade.
thanks.
MAHINDRA CIE Channel BreakoutIn the daily time frame of Mahindra CIE, It seems like there is a breakout in W Pattern with good volume. Even in 15mins timeframe stock looks very bullish. I have mentioned Probable target and SL on the chart. please do your own analysis before making any financial decisions. NSE:MAHINDCIE






















