This iron casting manufacturer is rising in a falling marketNSE:NELCAST
Nelcast Limited is involved in the production and distribution of iron castings. The Company specializes in the provision of ductile iron castings and grey iron castings.
Alltimehigh
This dividend aristocrat IT player is at all time high!NSE:SAKSOFT
Established in 1999 by Autar Krishna and his son Aditya Krishna, Saksoft Ltd has been providing cutting-edge business intelligence and information management solutions to mid-tier companies in the USA and UK.
This auto parts manufacturer is rising steadily to all-time highNSE:MAHINDCIE
The company is a auto components supplier to global automotive companies which include Volkswagen, JCB, Daimler AG , Hyundai etc.
Fundamentals:
-> TTM: sales have grown 20% and TTM EPS has grown >50%
-> Quarterly: sales increased >30% YoY and EBIDTA up by 20% YoY
-> Quarterly Margins have remained stagnant YoY indicating slow down in further growth
-> promoter holding has increased however by 2.79% in past two quarters
Technicals:
-> Stock price has moved up ~15% in past week on higher volumes
-> Stock price has retested a darvas box pattern last week and broken out of it again
-> Stock is nearing its all-time high
-> Stock is forming higher highs and higher lows consistently without deep corrections
Feel free to share your research or thoughts in comments!
Sources: tradingview, screener.in, tickertape.in
Disclaimer: only for educational/ research purposes. not a investment recommendation.
Metals Sector Analysis, tata steelIt's time to be aware that metals are a hot topic right now.
and once a certain stock or index enters retail, markets frequently move in the opposite direction.
It is wiser to wait for a follow-up candle when taking longs.
follow for more
NACL INDUSTRIES NACL INDUSTRIES - Strong December monthly close above 104.40 without any lengthy wick will lead to super bullish in upcoming days.
This wire rope supplier is fighting off the bears! NSE:USHAMART
While the entire market is in deep red, this stock has stayed resilient!
While the company has posted good profit growth of >20% on a 5 year basis, high percentage of promoter pledging is a red flag.
Nonetheless, company's business is robust with strong numbers posted quarter on quarter for the past two years in terms of sales growth, earnings growth, and net margins. This has had a positive impact on the overall solvency of the company with an interest coverage ratio of 12.
Technically, the company is near its all time high prices and showing great relative strength in a falling market
Price and volumes have been surging since last few sessions making it a good company to study further
Disclaimer: for research/education purposes only. not an investment advice/ recommendation.
Sources: company website, screener.in, tickertape.in
Will luck favor this engineering conglomerate?NSE:GOODLUCK
Technicals:
--> Stock nearing an all-time high
--> Price is climbing steadily with increasing volumes
--> Base formation will complete at the all-time high
--> Relative strength stronger than the benchmark
Fundamentals:
--> ROE/ ROCE ~ 16-17%
--> Debt to equity ratio is fair (1) with a good interest coverage ratio (~3)
--> No promoter pledging
--> Sales are continuously rising for the past 10 quarters at least
Disclaimer: Not a recommendation. For research and education purposes only.
Source: screener.in, tickertape.in
Brokerages are bullish on this realty stock!NSE:AHLUCONT
This company is a engineering and contracts player in the construction space
In terms of financials the company is debt free with high ROE ROCE numbers along with good interest coverage ratio
Technical charts suggest bullishness with price nearing all time highs backed by high volume
Recent brokerage reports and ratings suggest good revenue growth and earnings growth estimates
Source: Tickertape.in, Screener.in
Disclaimer: not a recommendation. Only for educational purposes.
SHIPYARD IS GOING TO ALL TIME HIGH BE READY FOR DOWNTRENDDISCLAIMER THIS ONLY FOR EDUCTION PURPOSE ONLY stock is bullish but is all time high so carefull and downtrend and levels are marks in chart
1 Breakout swing trade and Index analysis for 13 October marketsI daily make educational content videos for financial markets.
Multi Year Trend Line Breakout The monthly chart of EID Parry shows a multi year trend line breakout with good volumes.
But this comes with RSI divergence too.
Though the breakout raises probabilities of further upside. The chances of long term upside may gain strength on close above the highest high.
Keeping SL at close below the lower trend line.
NIFTY CPSE Index at all time high (ATH) zoneNifty CPSE Index is trading near its all-time high (ATH) zone of 2800. The index has touched 2800 zone multiple times in the last 8 years since 2014. The index hit 2800 zone in Sep'22 and has retraced from the highs.
Will it break this decisive resistance zone this time and reach to new highs this time?
Rejection at All time HighMarket never break its all time high in one go it will definitely face rejection from that reason which give us conviction to sell just after rejection candle.
Banknifty is ready for some correction
Banknifty made double top today. It might go for a small aggressive correction from here for few trading sessions.
MAHLIFE Bullish All Time High Breakout NSE:MAHLIFE
Underlying : Mahindra Life
View : Bullish for Short term, Medium Term and Long Term
Finding : All Time High Breakout at 298.80 with volume
Observations:
1. Multiple time support zone 218 - 225 (1,2,3)
2. Resistance Tested 3 times and finally broke the Resistance with volume.
3. Nearest support : Refer Chart
4. Consolidation can be observed in chart with multiple time Resistance and finally both Resistance breakout with volume.
Recommendation: Immediate LONG, Buy on dips near support if opportunity arises
LG balakrishna head and shoulder breakoutHad given a neck line breakout.. You can wait for retracement and enter at neck line or you can enter now with SL 742, target 800-820
INFY at a huge Risk to Reward opportunity !!Monthly TimeFrame : OverSold zone
Weekly TimeFrame : Accumulation
Daily TimeFrame : At a Orderblock
M&M ALL TIME HIGH BREAKOUT
M&M is Trading all time High Between the range of 120 to 1285
The Stock Gives a Breakout from the range and make new all time high close at 1310
If it sustain at this levels we can see further upwords moment in this stock
2007 High going to break ?
*** This is a monthly time frame analysis so this will be used for medium term swing trade.
***All time high was made in 2007 , was 250-260 precisely 261 and it never broken till now.
*** There is lower high formation as indicated in chart.
*** This time , it is a 2nd attempt .
***As per price action , it should make one more lower high & a little consolidation near ATH then give a perfect breakout(sustinable high probability)
***If it give breakout without it , breakout may fail & fall under the *ATH ZONE* .
*** Happy Trading***
TimeTechnoPlast - BreakoutTimeTechnoPlast- #Breakout (BO)- If today's closing is abv 117.55, it would be AllTimeHigh (ATH) BO, but if it just closes above the trendline, it would be #trendline-BO. Also, BO must sustain in the nxt 2-3 candles, else its a False-BO. My LongTerm Tgt- 200
Breakout after 6 yearsAbout the company
NIFTY IT index & other stocks from Mid-cap & large-cap has shown a tremendous performance, where OFSS being a strong financial company has underperformed. [i ]
Chart analysis
This is the monthly chart of OFSS, the stock is in the consolidation zone for years & now has given a breakout from its 2015 high with record volumes.
As per Fibonacci extension, the next target for the stock is near 6000 level, which is also similar to the range where the stock was consolidating.
How to trade
Fresh position can be initiated from the current level. As this is a monthly chart, a bigger stop loss should be considered & the time horizon should be month to year.
Target 1: 5200
Target 2: 6000
SL: Ideal SL should be closing below the recent polarity level.
NSE:OFSS
