Significant breakout in JTL IND.Happy Friendship day to all my fellow Traders!
-> As already Explained from chart JTL INDUSTRIES has given a remarkable symmetrical tringle breakout.
-> Since 8 months It was in consolidation phase forming a beautiful tringle pattern.
-> After successful breakout it has retraced back to its breakout point multiple times and started accumulating, Then again in a last trading day it made a fairly big green engulfing candle which covered its all previous candles. That made this pattern more efficient and more convincing.
->In the latest quarterly earnings report, the stock did really well. Please have a look at its 10 years financial data.
Pros.
*PE- 32
*ROCE- 37.6 %
*Reduced debt.
*Profit grew 62.5% annually for 5 years.
*Strong 34.5% ROE over 3 years.
*Improved debtor days from 49.5 to 32.9.
*Consistent 22.6% median sales growth over 10 years.
Cons.
*Over the last 3 years Promotor holding has reduced by 15.7%.
*Company still falls under small caps that makes it a bit volatile. (But overall its growth looks promising in a long run.)
->Now this stock is ready to be traded/Invested, one can put stoploss of 370 and go further depending upon the patience level. But anyone who is convinced in its long turn growth then they can invest more when it gives a pull back.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Note I am not SEBI registered. Do your own before investing.
Analysis
IDFC First Bank Shines with Excellent Q1 Performance.IDFC First Q1 Result.
Impressive performance across the board! Deposits up 44% YoY, Advances up 25% YoY, Profits up 61% YoY. Net NPA down to 0.7% (Which is very good indication). ROA at 1.24% vs 0.97% YoY. QoQ net income down -731 Cr. vs 816 Cr. in Q4FY23, but excluding a one-off income of 180-200 cr. from the last quarter, results are still better on a QoQ basis.
Why to Invest in IDFC first ?
They are many reasons to invest in IDFC Bank, but trading in this company seems risky and tricky right now. However, if you are someone who believes in the narrative that for India to grow, the banking sector would have to follow the same path, then undervalued and growing banks will benefit the most. Stocks like IDFC First Bank are more likely to double their Market Cap. So, if you are a long-term and serious investor like me, this analysis will help you.
Why to Avoid Trading ?
Now, let's discuss why trading this stock is currently considerably risky. The stock is trading near 200% of its support level, following a special channel pattern known as a big-length rectangle pattern, which makes it riskier from a trading perspective.
How to Invest ?
We plan to take a longer position in this stock. As visible from the chart, the stock has tested its resistance on a weekly timeframe. As, we all know Q1 results are out, Earnings have been impressive, indicating a potential strong breakout with good volume. If that happens, we'll invest half of our money and wait for a retracement before putting in the rest. But, if the stock falls instead of breaking out, it'll be a great opportunity to invest, and in that case, we'll wait for a consolidation.
Note- I am not a SEBI registered, Please consult to your Advisor before investing.
BTCUSD Short Trade 100% Perfect🤑🤑#We Make Only Profit.
Bitcoin's price today is US$30,001.65, with a 24-hour trading volume of $10.88 B. BTC is +0.41% in the last 24 hours. It is currently -4.42% from its 7-day all-time high of $31,388.55, and 0.96% from its 7-day all-time low of $29,717.09. BTC has a circulating supply of 19.44 M BTC and a max supply of 21 M BTC.
#BTCUSD #XRPUSD
#HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
Swing In Navin Fluorine International.About Comapany
Navin Fluorine International Ltd primarily produces refrigeration gases, inorganic fluorides, and specialty organofluorines. They also offer contract research and manufacturing services. Their portfolio consists of 50+ developed fluorinated compounds.
Fundamentals
The company is expected to have a strong quarter, and they consistently pay a healthy dividend of 19.2%.
Company has little down side as well. promoter holding is slightly lower and FII holding also decreasing a bit. But interestingly DII purchasing more and more continuously.
20.4% of ROCE seems to be much healthy.
Technical analysis.
The stock has been consolidating in range of a rectangle pattern for the past 24 months. As visible from weekly timeframe, it is making higher highs and higher lows, touching the upper level and retracing back to its support, which is making it strong consolidating zone.
We can wait for the price to fall a little almost near to the support level And then we can take position considering to the long, With a 5% stop loss, we can aim for a minimum of 25% gain.
#StockMarket #NSE #BSE #Analysis
26 Jul ’23 Post Mortem on BankNifty | Options premiums are LOWBanknifty on the other hand gave a trend reversal signal in just a day. For nifty we had atleast 3 days in succession. I took some short positions yesterday intraday and was all geared up to further attack by shorting more CALLS today.
The opening minutes looked encouraging, so did the period from 10.35 to 11.15 but 2 things went against it.
The options data showed lack of interest in creating CE credit spreads i.e shorting near ATM call option and buying a far away OTM option.
Banknifty started to rally and take the place of NiftyIT which reversed from its intraday high.
It was like 2 brothers who came prepared from evening to support their sister, when one brother got tired, the other one jumped in. In our case the BankNifty brother did more than just support - it rallied an impressive 252pts ~ 0.55% up till 14.30.
The short trade negation came in banknifty only after the 46000 got taken out. Let us see how the expiry day is getting played out tomorrow because as it stands the options premium in banknifty looks pretty low. The India VIX staying in the 10 range is also a discouragement for the bears that are still left.
...
Please comment with your thoughts, opinion or bias, I will respond with mine!
Banknifty ( Weekly View ) ; BearishBanknifty (weekly )
More probability is there for "Bearish "
.
.
For " Short"
entry: 45950 / 46200
target: 45750 / 45550
stoploss: 46270
.
.
For " long "
entry: 46300
target: 46450
stoploss: 46200
.
.
Enter only if market Breaks
"Yellow box" mentioned.
.
wait for proper reversal and conformation.
.
don't be aggressive.
.
refer old ideas attached below.
AGAIN TATA's this time with tataconsumerAgain there is an opportunity with tata group of company and this time with tataconsumer. This post is only for educational purpose. Do your own research before buying or selling.
Tata consumer is looking good becuase it's price action is again active and RSI is also getting strength and it is in consolidation from the last one month which suggest something
big is happening in tata consumer.
BUY_@785 closing target Above 850
Multibagger Stocks for 2X Gain | Best stock to buy now!Multibagger Stocks for 2X Gain | Best stock to buy now!
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Swing trade in Gujarat Fluorochemicals.About Company
The company is a leading producer of Fluoro-polymers, Fluoro-specialties, Chemicals, and Refrigerants in India. It ranks among the top five global players in the fluoropolymers market and exports to Europe, Americas, Japan, and Asia.
Technical Analysis
The share price of Fluorochemical is currently at a 30% discount. Over the past two years, the price has been consolidating within a specific range and has been consistently following a strong support line. It tends to go up and then retraces back to the support level.
In the past four days, the price of Fluorochemical has displayed a positive momentum, consistently showing an upward trend. As of now, it has increased by 6%, indicating strong potential for further growth.
While the market continues to reach all-time highs, there are undervalued chemical stocks that remain at lower prices, Gujarat Fluorochemicals is one of those stocks.
Fundamentals.
The company demonstrates strong sales growth year after year, although its profit growth is relatively slower. However, with a ROCE of nearly 30%, this stock showcases promising potential.
Overall, this trade carries a low level of risk. However, if we decide to proceed, we can consider a risk-reward ratio of 1:5.
Just presented my Analysis, do your own research before Analysis.