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D P Wires Ltd| Momentum Swing IdeaD P Wires Ltd is engaged in the manufacturing of Steel Wires, Plastic Products, Laying of Plastic Films, Acting as a Commission Agent and Generation of Power through Wind Mill Financial: Market Cap ₹ 830 Current Price ₹ 535S tock P/E 20.0 ROCE 32.0 % ROE 23.9 % Debt to equity 0.15 Promoter holding 74.8 % Quick ratio 2.42 Current ratio 2.82 Profit Var 3Yrs 35.2 % Sales growth 3Years 62.4 % Piotroski score 7.00 Return on assets 18.3 % This stock is in momentum as well as strong fundamental. keep in your watchlist.as well as unique business. This stock is based on Indian growth theme. Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like boost and follow me for more ideas. Thanks and comment freely
NSE:DPWIRESLong
by Momentuminvesting5540
Endurance Tech is experiencing robust growthEndurance Tech (ENDU), India's top aluminum die-casting company, is showing consistent improvement in its performance metrics. This is fueled by increasing domestic demand, a recovery in the international market, and lower raw material costs. ENDU is highly preferred among automotive ancillary firms due to its advanced product range and strong presence in the two-wheeler segment. Outlook: ENDU's robust order book is being driven by the recovery in demand. The company primarily focuses on the two-wheeler (2W) segment in the domestic market, benefiting from its advanced product range. This positions ENDU advantageously to capitalize on the expected growth in the 2W industry. The positive outlook for ENDU is supported by the significant increase in demand for two-wheelers, as indicated by monthly wholesale figures from original equipment manufacturers (OEMs). The management's confidence in the long-term potential of the Indian 2W segment is further reinforced by the company's order schedule, which anticipates a 10-12 percent industry growth in FY24. During the first nine months of FY24, Endurance Tech secured new contracts worth Rs 941 crore from OEMs other than Bajaj Auto, with approximately 60 percent being new business and the rest replacement orders. These contracts are expected to peak in FY26. Additionally, the company has obtained orders worth Rs 680 crore in the electric vehicle (EV) segment. In terms of the European business outlook, Endurance Tech's management highlighted that the easing of supply constraints allowed OEMs to increase production. Despite recessionary pressures affecting order intake, Endurance Tech successfully secured orders totaling 29 million euros during the same period. In conclusion, Endurance Tech's strong position in the Indian two-wheeler segment, focus on electric vehicles, and favorable market conditions position it as a compelling player in the automotive industry. Endurance Tech is expanding its product range by focusing on high-value offerings. This includes brake-and-clutch assemblies for motorcycles with engine capacities exceeding 200 cc, ABS systems, paper-based clutches, inverted front forks, as well as fully machined and semi-finished castings. The company has begun supplying ABS and brakes tailored for motorcycles with engine capacities of 200 cc and above, along with clutch plates. As raw material prices decrease, enhanced margins are expected. The reduction in raw material expenses has already had a positive impact, and the decline in high energy prices in Europe has further strengthened the company's operating margin. Additionally, management is actively working to improve cost efficiencies, introduce more valuable products, and replace imports, all of which are expected to contribute to further improvement in the operating margin. Valuation: Endurance Tech (ENDU) is currently trading at a valuation of 29.8 times the estimated earnings for FY25, which represents a discount of approximately 10 percent compared to its six-year average valuation of 32.7. This discounted valuation suggests significant potential for an upward movement in the stock price. We recommend that investors gradually accumulate the stock. There are several risks to consider: 1. Deceleration in demand: A slowdown in demand could negatively impact the company's financial performance. 2. Unfavorable commodity prices: Higher raw material costs, due to unfavorable commodity prices, could affect operational profitability.
NSE:ENDURANCELong
by Trendxinc
NIFTY MARCH MONTH EXPIRY ANALYSISThe market (NIFTY50) is Trading at 22150. Do not blindly go with the buy or call side. First Market will re-test with the S4 area (21950) and then it will move towards our Target which is 22300. It's a clear Reverse Head and Shoulder Pattern but don't go blindly in any direction. Let's wait for a retest and then enter the rally. Another 2 Conditions: 1. If it breaks 22215 then 22300 will be scalping in Intraday. 2. If 21800 Break then more selling expected
NSE:NIFTY
by NaveenTTR
1
CHF Loses Ground After The SNB Rate CutToday, the Swiss National Bank cut its interest rate, dropping from +1.75% to +1.50%. Last time we saw any changes made in the rate were back in June 2023, when the Bank lifted the rate from +1.75% to +1.50%. After the release of the news CHF devalued against all of its major counterparts, even against the currently-weak USD. Looking at the technical picture of EASYMARKETS:USDCHF on our daily chart, we can see that the pair popped higher today after the SNB release. The rate rose above a key resistance barrier, at 0.8886, which is the highest point of February. As long as EASYMARKETS:USDCHF continues to trade above that barrier, we will stay positive, at least with the near-term outlook. Given that the pair had already reached and overshot one of our key resistance areas, at 0.8954, we will continue aiming higher. That's when we will target the 0.9052 obstacle, or even the 0.9113 level, marked by the highest point of November 2023. In order to shift our attention to some lower areas, a break of a short-term tentative upside support line taken from the lowest point of December 2023, is needed. This way a directional change of the current uptrend may occur, possibly inviting more sellers into the game. EASYMARKETS:USDCHF could then fall to the current lowest point of March, at 0.8730, a break of which may set the stage for a move to the 0.86500 area. That area is marked near the inside swing highs of January 29th and February 1st.
by easyMarkets
EURUSD 4H ANALYSISFOREXCOM:EURUSD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Long
by Phinics
Momentum Swing Idea| ITC LtdITC Ltd as you all know it stablished in 1910, ITC is the largest cigarette manufacturer and seller in the country. ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri Business. Fundamental = strong Market Cap ₹ 5,23,098 Cr. Current Price ₹ 419 Stock P/E 25.6 ROCE 39.0 % ROE 29.1 % Debt to equity 0.00 Promoter holding 0.00 % Quick ratio 1.73 Current ratio 2.73 Piotroski score 6.00 Profit Var 3Yrs 7.41 % Sales growth 3Years 12.8 % Return on assets 23.8 % This is purely technical analysis and perfect 21 day moving average support .Moreover company is in growing and stable phase .keep in radar . monthly RSI above 55 and its seems to be reversal signals . if market in uptrend move than this stock will be in uncharted territory. Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like boost and follow me for more ideas. Thanks and comment freely
NSE:ITCLong
by Momentuminvesting5540
HINDCOPPER AnalysisAfter today's massive bloodbath, we've got HINDCOPPER on our radar for next 2-3 weeks. So the view after the bloodbath today, i.e. on 13th March 2024, the view is clear that we're looking for fundamentally strong companies that are available at cheaper valuations. We need to buy companies that are trading at a PE that is lower than the industry PE, that are running close to their Book Value, are not overvalued, both fundamentally and technically, and ofcourse we need to stay cautious in Small-Mid Cap segment. So here, we have HINDCOPPER. CMP- 234.90 Target- 275. (Ideally a zone, between 270-280) Stoploss- A little below our buy zone, at 225. Duration- 2-3 Weeks. Risk-Reward is a massive 1:4! It's really difficult to get such good trades in a crashing market like this. Let's pray for this to work Let me know what you think.
NSE:HINDCOPPERLong
by ArjitGarg
Bosch Ltd - Great Long Term PickIt seems Monthly Supply zone is broken (the big red bar from left is 1-M Supply Zone broken in style). Now, on Weekly/Daily chart, the Elliott Wave Model applied is as shown. We are in great extended 5th wave. If price still continues to make higher lows and higher highs then 5th wave end possibilities are also as shown in the chart. However, for those who haven't been in this boat, a great opportunity to buy for longs can come at the nice green 1 day demand zone bar shown hereby. We will have to see the price action and momentum near 26100 to 25800 and then plan to seek a bounce for an upward journey. Again, I will post those ideas which are great opportunities to educate and practice ourselves on Elliott Wave and Demand-Supply models with Price Action as primary foundation.
NSE:BOSCHLTDLong
by champvimal