ZENSARTECH BREAKOUT 🚀🚀 (Inverted Head & Shoulder) Zensar Technologies Ltd has hit it's all time high with a very strong bullish pattern which is called as the inverted Head & Shoulder or (tripple bottom by a few ).
Zensar Technologies Ltd has been performing pretty good from a few quarters . The net profit of the company is increasing along with its sales , also the Earning of the company is increasing with good momentum as well . This is now visible on the charts.
Analysis
EURUSD TRADE SETUPFOREXCOM:EURUSD FX:EURUSD OANDA: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!!!!
TECHNOFUNDA STOCK: ZENSARZENSAR making higher highs where NIFTY IT index is struggling. Good ROE/ROI with PE ratio comfortable at 22, one of lowest in industry. Net profit doubled from last year.
Technichal rebound from 200EMA and gradually trading at all time highs.
Buy for target of 810 to 1020 in medium to long term. Technical stop around 555 on weekly closing basis
Momentum swing idea|Avenue Supermarts LtdAvenue Supermarts Ltd
venue Supermarts Limited (DMart) is a national supermarket chain, with a focus on value-retailing. We offer a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General Merchandise & Apparel product categories.
Fundamental : strong
Market Cap₹ 2,79,659 Current Price ₹ 4,298 Stock P/E 115
ROCE 20.1 % ROE 16.0 % Debt to equity 0.04
Promoter holding 74.6 % Quick ratio 1.08 Current ratio 3.52
Piotroski score 8.00 Profit Var 3Ys 22.5 % Sales growth 3Years 19.9 %
Return on assets 14.1 %
This is large cap stock with high momentum stock with FMCG sector in trend.
keep in radar. although stock PE is high but their sales is also improving since last some years.
lets how market react and closely watch stock performance.
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. This is just educational purpose only. I am not responsible for any profit and loss. Do your own research before investing.
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BANK NIFTY CLOSES BELOW 20 EMA ON HOURLY CHART BANK NIFTY has closed below 20 EMA on hourly chart First time since the post election rally began.
First dips are usually bought. So either it will Gap Up and resume the rally or will likely to bounce from 50 EMA.
Real Fall is possible below 100 EMA (52360) is likely to see a 1000 points sell off to the marked base.
BANK NIFTY CLOSES BELOW 20 EMA ON HOURLY CHART BANK NIFTY has closed below 20 EMA on hourly chart First time since the post election rally began.
First dips are usually bought. So either it will Gap Up and resume the rally or will likely to bounce from 50 EMA.
Real Fall is possible below 100 EMA (52360) is likely to see a 1000 points sell off to the marked base.
#Banknifty directions and levels for the June 27th.Yesterday, Bank Nifty continued the rally. Both structures have the same extension variation, so there are no changes in the market sentiment. Today, GiftNifty is indicating a slightly negative start. If it opens like this, let's look at what might happen in Bank Nifty.
>Structurally, it's a bullish market and both have an extension. According to the extension, if the market opens with a gap-down, it could retrace a maximum of 23 to 38%. After that, if it finds support there, the rally will continue with minor consolidation.
>However, the probability of a rally today is less compared to yesterday, as the sub-waves driving yesterday’s rally are now over. If the market finds support at either 23% or 38%, then it may close within the range.
>As per the wave structure, it could be in the 4th wave.
Alternatively, if the correction becomes aggressive, we should wait for confirmation. If the market declines sharply, it may consolidate around 38% or 50%. After that consolidation, if it breaks the previous low, we can expect the correction to continue. Otherwise, it may maintain the bullish sentiment.
(Note: If the market initially takes a pullback and breaks the previous high, then the rally may continue further.)
Accumalate this stock before it flies!Praj industries has been consolidating in a Darvas box since past 2 years. The stock is a major palyer in ethanol industry which is used an alternative to petrol in automobile.
The stock is looking strong for a breakout of this consolidation which would be a monthly closing above 440.
Accumalate this stock on dips. Best buy zone is 380-400.
This idea is for investment perspective only.
Avanti Feeds Ltd | Momentum pattern BOAvanti Feeds Ltd | Momentum pattern BO
Avanti Feeds is a leading provider of high quality shrimp feed, best technical support to the farmer and caters to the quality standards of global shrimp customers
Financial :strong
Market Cap = 7,554 Cr. ROCE =18.3 % ROE = 13.4 %
Debt to equity = 0.00 Promoter holding = 43.3 %
Quick ratio = 3.84 Current ratio = 5.52 Piotroski score =8.00
Profit Var 3Yrs = -7.62 % Sales growth 3Years = 7.32 % Return on assets = 11.4 %
this is pure symmetrical triangle pattern break out with large volume.
as well as RSI also shows in full momentum zone .
you should watch this stock for long term.
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.
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Momentum Swing idea|Zensar Technologies LtdZensar Technologies Ltd
Zensar Technologies is a leading digital solutions and technology services company. It is a part of the Mumbai-based RPG group and is headquartered in Pune, India.
Fundamental : Strong
Market Cap ₹ 12,767 Cr. Current Price ₹ 564 Stock P/E 20.9
ROCE 14.5 % ROE 11.2 %
Debt to equity 0.07 Promoter holding 49.2 %
Quick ratio 2.95 Current ratio 2.95 Piotroski score 5.00
Profit Var 3Yrs 7.69 % Sales growth 3Years 5.05 %
Return on assets 7.95 %
this stock is available at 20 p/e as well as now in momentum with rsi above 55.
keep in radar.
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.
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Momentum Infra Stock| KNR Constructions LtdKNR Constructions Ltd
KNR Constructions Ltd, incorporated in 1995, is engaged primarily in the construction of roads, bridges, flyovers and irrigation projects.
Financial:
Market Cap ₹ 7,783 Cr. Current Price ₹ 277 Stock P/E 14.1
ROCE 20.8 % ROE 15.5 %
Debt to equity 0.25 Promoter holding 51.1 %
Quick ratio 1.57 Current ratio 1.83
Piotroski score 9.00 Profit Var 3Yrs 14.8 % Sales growth 3Years 18.3 %
Return on assets
8.20 %
This stock is now in momentum zone with strong fundamental.
I selected bcz i invest in India so infra stock is more demanding in upcoming future.
keep in radar this stock.
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.
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NIFTY50 - Index Analysis - 28th May #nifty50NIFTY50 Update (as on 28th May, 2024)
On a Daily TF:
- The market is at a precarious spot with signs of a reversal from the trendline
- 22775 is a support but it doesn't look a strong enough support zone
For your Swing Trades:
- Please position size very carefully
- Trade the Trend
* Disclaimer
Bharat Forge Buying IdeaThis is too late but once election result is on the screen, this stock will touch its new high.
Please take position with care and hold for long. Do not enter if you are a short term investor, as there may be a change to retrace the price with some correction.
Just an idea, not a 100% investment guide.
Avenue Supermarts Ltd - DMART - Positional TradeDate : 8-May-2024
Rating : Buy - Positional Trade
LTP : Rs. 4,806.75
Targets: (1) Rs. 5,180 --> (2) Rs. 5,900 --> (3) Rs. 7,577
SL : Rs. 4,450 on daily close basis
Technical View:
• NSE:DMART is in its primary uptrend and was going through it's secondary downtrend.
• After breaking out from its 2.5 years long secondary down trend on 19-Mar-2024, NSE:DMART has started the upward journey.
• After making a new 52w high of 4,890 on 23-Apr-2024, it has taken support at 4,450 on 29-Apr-2024 and again started the upward journey on 30-Apr-2024.
• RSI is trading at 65.32 and MACD is trading at 84.74
• Looking strong from here on.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
ALICON - 2.5 Years Consolidation Breakout / All Time HighAlicon Castalloy Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (August, 2021). Now It has given a Huge Consolidation breakout & Closed at it's All Time High with good bullish momentum candle & with good volume in weekly Time Frame.
3) The next resistance would be around the price (1400 - 24.85% from the price 1121.10). Also It may perform well in the long term.
5) Recommendation - Strong Buy
NZDUSD jumps on RBNZ’s hawkish halt, 0.6140-45 hurdle tests bullNZDUSD prints the biggest daily jump in more than a week, as well as snaps a two-day losing streak, on the Reserve Bank of New Zealand’s (RBNZ) hawkish halt. That said, the RBNZ held the benchmark rates unchanged, as expected, but upwardly revised the forward rate guidance. The same pushed back the rate cut and signaled expectations of a rate hike during the year. As a result, the Kiwi pair rallied to the 2.5-month high after the RBNZ announcements before retreating from 0.6152, up more than half a percent intraday by the press time.
In addition to the hawkish RBNZ concerns, the NZDUSD pair’s successful trading beyond the previous resistance line stretched from late December 2023, bullish MACD signals and the upbeat RSI (14) line also keeps the buyers hopeful. However, a daily closing beyond a downward-sloping resistance line from January, near 0.6140 by the press time, becomes necessary for trading conviction. Adjacent to the 0.6140 hurdle is the previous weekly high and 38.2% Fibonacci retracement of the quote’s late 2023 upside, near 0.6145. Hence, the bulls need validation from 0.6140-45 to keep the reins. Following that, the double tops marked in February and March around 0.6220 and 23.6% Fibonacci ratio near 0.6230, followed by the 0.6280-85 resistance region, will become the upside targets.
On the contrary, a convergence of the 200-bar Exponential Moving Average (EMA) and a three-week-old rising trend line, around 0.6075-70 at the latest, restricts the NZDUSD pair’s short-term downside ahead of the previously stated resistance-turned-support line near 0.6060. In a case where the Kiwi pair remains bearish past 0.6060, the 61.8% Fibonacci retracement level near the 0.6000 threshold, will act as the final defense of the bears before directing the prices toward the yearly low of near 0.5850.
Overall, the Kiwi pair is likely to remain firmer unless declining back beneath the 0.6060 level. However, fresh buying should wait for a clear upside break of 0.6145.
Heg is readyThere is a one more stock Which is showing a great opportunity, stock is near resistance this stock is doing well when market is doing a correction and all stock are drooping this stock is rising. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
BO of Cup & Holder Pattern and Fib Ret 1.618 LevelCompany results are good and fundamentally strong.
Breakout of Cup and holder pattern in daily frame,
Long term - Very positive.
Potential upside of 13% in short term and 27% in Med-Long term from the current levels.
Fib Retracement level of 1.618 broken and stock is trading at ATH levels.
ASIANPAINTASIANPAINT
bottom fishing stock . strong buy for long term
this time is Recommendation ACCUMULATE
my study point
Asian Paints is the largest home decor company in India.
1) Company has a good return on equity (ROE) track record: 3
Years ROE 26.1%
2) Company has been maintaining a healthy dividend payout of
58.4%
3) good support zone
holdings :-)))
a) Promoters 53%
b)FIIs & DIIs 28%
c) Public 19 %
main ponit is Government hold 0.06% stakes
Sector: Paints/Varnish - Top one
Industry: Paints / Varnishes - Top one
A) Sharekhan recommended Hold rating on Asian Paints with a target price of Rs 3490 in its research report dated January 17, 2024.
B)Motilal Oswal recommended Neutral rating on Asian Paints with a target price of Rs 3340 in its research report dated January 18, 2024.
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Amrutanjan Health Care Ltd | Momentum stockAmrutanjan Health Care Ltd
AHCL has been manufacturing ayurvedic balm for pain management since 1893, and is currently managed by the third-generation of promoters. The company is more than 120 years old and is into OTC products in the segments of pain management, women's hygiene, and packaged fruit juice drink.
Fundamentals: strong
Market Cap₹ 2,238 Cr. Current Price₹ 774 Stock P/E 50.8
ROCE 19.3 % ROE 14.3 % Debt to equity 0.00
Promoter holding 50.6 % Industry PE 29.3
Quick ratio 2.86 Current ratio 3.22 Piotroski score 5.00
Profit Var 3Yrs 16.6 % Sales growth 3Years 13.2 % Return on assets 11.2 %
This stock is fundamentally strong stock as well as its in momentum with high volume.
keep eye on it and do more research on it.
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 feel free to comment.
Balaji Amines formed big positive candle after Q4 ResultsWithing 15 mins, the stock formed a significant candle of 12%
Increased volatility around stock earnings is a common phenomenon in financial markets.
As companies release their quarterly or annual earnings reports, big investors eagerly anticipate the results, which can lead to heightened trading activity.
Positive earnings surprises may cause a surge in buying activity, driving up stock prices, while negative surprises can trigger selling pressure, leading to price declines.
Consequently, during earnings seasons, markets can experience sharp movements in stock prices therefore short term trading becomes Risky around imp events.