ITC IS GOING TO HIT 500!!!Once share break the green line and it gives positive signal to enter for long term target 500 but 392 is near support too. If by chance it breaks then near term short position will be chosen.
My 1st Target is 427
2nd Target is 450
Since volume is increasing day to day and it is near to support and moreover, reason for downward is BAT going to reduce its stake. I doing to think it will happen at this level. So chances of upward is more as compare to downward.
Analysis
#banknifty levels for July 23rd.
Good morning, friends. Today, the Honorable Finance Minister, Nirmala Sitharaman, is presenting the first Union Budget of the Modi 3.0 government. The market may move based on this event, and technical factors might not be as effective. I am simply sharing my Fibonacci levels. I expect directional movement to start from tomorrow onwards. Have a nice day🙏.
FX VIDEO ANALYSIS ( 22.7 - X )Good evening traders, welcome to another video analysis for quite a few FX pairs. I hope you will enjoy it and if it matches your rules get into some positions and profit from it. I had some technical issues while recording and had to record 3 times so I apologize for any minor mistakes I may have made during the recording. Have a good and profitable week ahead and God bless you!
T
EURAUD TARGET REACHEDIf you look at some previous posts, you will see EurAud was one of the trades I was in. And it paid off. Final target was reached on Wednesday just before the CPI news release on Nzd and overall this position made me +6% of profit. It was the right thing to close most of the position at high and then at marked area as if Nzd news would turn positive, the whole trend could reverse. All of 3 positions together had a potential hitting +9%, however, my risk is lower than 1% / trade usually. If you got into this with me, well done.
T
Camlin fine science While the company carries a significant amount of debt (₹683.03 crore), its ongoing operations and market strategies might help in leveraging this debt effectively if managed well. The stock is currently trading at ₹122.59, and its historical high suggests there is significant potential for upside if market conditions and company performance align positively.
XAUUSD 1H ANALYSIS (TRADE SETUP)FOREXCOM:XAUUSD - 1H ANALYSIS
FOREXCOM:XAUUSD 1-Hour Analysis: Bullish Outlook
but Following Counter-Trend Trade
Chart Overview:
This FOREXCOM:XAUUSD 1-hour chart analysis highlights a bearish outlook following the break of a significant consolidation zone and a series of 1H High (HH) and 1H Low (HL).
***Key Points***
1. create Liquidity:
The chart making create liqudity with falling slowly
2. Lower Highs and Lower Lows in 5m :
Following the consolidation, the price action formed a series of Lower highs (LH) and Lower lows (LL), indicating a temporary Downtrend for Built Liquidity
3.Trend Line and Break:
A Falling trend line, shown in grey, connects the Lowe lows (LL). The recent price action broke below this trend line, suggesting a shift in momentum from bearish to bullish untill reach our Order-block.
4. Suppy and Demand Levels:
Supply Level : The Supply area around 2387.5 and 2389.7, is highlighted with a Red shaded zone. This level is expected to Short side Trade as a counter-trend trade.
Demand Level : The next significant Demand level is marked around 2357.9, indicated by another Green shaded zone.
5. Price Projection:
The analysis suggests a bearish as a retracement and Bullish as a Pro-Trend
6. Market Sentiment:
The sentiment is Bullish following the 1D Bullish Candle, with expectations of further downside
Retracement movement.
****Trading Plan****
Look for shorting opportunities on retracements towards the Supply zone around 2387.5 and 2389.7
Consider placing stop-losses just above the Supply zone to manage risk.
Target the Order-Flow level around 2362.61 for take-profits.
This analysis suggests a Short-Term bearish outlook for
FOREXCOM:XAUUSD , with a potential shorting opportunity on 50% retracementsof the Structure. Traders should ensure proper risk management and stay updated with any external economic factors that may influence the price
movement.
NVIDIA vs Ruseel 2000 - is money moving out of NVIDIA to RUT?Is the entire world is rotating out of NASDAQ:NVDA into Russell 2000 small-cap stocks.
Could it be another Cisco .com bubble comparison. Everyone tries to find AI companies that offer significant returns. In reality most of them provide no value and the infrastructure AI is built on continues to be growing asset (NVIDIA).
Let us look at the charts.
From the charts it is clear that NVIDIA is still in an uptrend, has formed a falling wedge.
We are targeting 135 in the days to come.
The Russel 2000 seems more like a short squeeze and it has got more legs on it.
Whether this is the start of a new bull market, we will only know in the times to come.
As an NVIDIA investor, I choose to hold on till as a time trend doesn't change.
Monarch Networth Capital Ltd Bullish Pattern Current price 573
ABOUT :-
Monarch Networth Capital Limited is a provider of financial services in pure stock broking, primary market operations, mutual funds, insurance and financial planning. It is a strategic amalgamation of two financial service providers Monarch Group of Companies and Networth Stock Broking Ltd.
FUNDAMENTAL:-
Market Cap
₹ 1,939 Cr.
Current Price
₹ 573
High / Low
₹ 690 / 283
Stock P/E
13.3
Book Value
₹ 102
Dividend Yield
0.17 %
ROCE
51.5 %
ROE
43.1 %
Face Value
₹ 10.0
PROS:-
Company is expected to give good quarter
Company has delivered good profit growth of 58.5% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 35.8%
Company's median sales growth is 30.6% of last 10 years
CAMS Cup formationlong term cup formation is completed.
Generally when a cup is formed in longer time frame, it is considered to be an up-trend and is a good opportunity to buy stocks.
Need of a handle is based on investor to investor. Some see valid volume on breakout and keep investing on dips, and some wait for proper formation of handle.
In this chart, volume is rising on resistance level. and can be a good buying opportunity for long term.
Please do like and subscribe if you like the idea.
NOTE: This is just for educational purpose only, please do enter in market at your own risk.
ANALYSIS UPDATEInteresting week ahead of us, many analyses played out already and some unfortunately not. However it is still only Tuesday, just wanted to post a video to get through the charts with you and share my thoughts.
Have a good day ahead and trading week, will update you at the end of the week and in the mean time I will be monitoring the positions.
T
Symmetrical Triangle Pattern followed by chart from 20/11/2020Interesting! Symmetrical Triangle pattern started on 20th Nov 2020 and stock is wondering in this pattern till 14th July 2024. We are waiting for a breakout but can't expect a huge target because it started long ago. If it breaks after the white line is marked on both sides, I have given an expected level. It's a probability that it will follow the levels. It's a Bajaj Finserv Ltd chart on your Radar.
IRFC - 6 Months Consolidation BreakoutIndian Railway Finance Corporation Ltd
1) Time Frame - Weekly.
2) The Stock has been Consolidating since (January, 2024). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in weekly Time Frame.
3) The stock may find it's next resistance around the price (260 - 19.50% from the price 217.43).
4) Recommendation - Strong Buy.
Swing Momentum stock 15 feb 2024Saregama India Ltd |Swing Momentum stock 15 feb 2024
Saregama is the oldest music label company from India (established 1902, erstwhile "Gramophone Company of India" & then "HMV"). The company is aiming to be a pure-play content company supported by the global consumption boom.
financial: strong
Market Cap = ₹ 7,546 Cr. ROCE =17.6 % ROE = 12.8 %
Debt to equity= 0.00 Promoter holding = 59.1 %
Quick ratio = 3.48 Current ratio = 4.24
Profit Var 3Yrs = 58.8 % Sales growth 3Years =12.2 %
this is really good momentum stock with strong financial.
Rsi is also in uptrend.in past there is good movement in huge volume.
this sector is always forever. so my view is long time bullish.
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
Shaily Engineering Plastics Ltd| swing idea 15 feb 24Shaily Engineering Plastics Ltd| swing idea 15 feb 24
The Company is engaged in the manufacture and sale of injection moulded precision plastic components, sub-assemblies for various requirements of Original Equipment Manufacturers (OEM)
financial :strong
Market Cap = ₹ 2,122 Cr. ROCE = 11.4 % ROE = 9.15 %
Debt to equity = 0.49 Promoter holding =43.8 %
Quick ratio = 0.75 Current ratio = 1.12 Return on assets = 5.13 %
this stock is in momentum with heavy volume build up.
Rsi also in uptrend.
unique business model with trending plastic sector.
lets see how market recognize 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.
Thanks and comment freely
MOMENTUN SWING IDEA |DCM Nouvelle LtdMOMENTUN SWING IDEA |DCM Nouvelle Ltd
Incorporated in 1991, DCM Nouvelle Ltd is in the business of manufacturing and sale of cotton yarn
FUNDA1MENTAL: Medium
This stock is in momentum now. keep in radar and do further analyses for better knowledge.
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
Momentum Swing Idea| Mallcom (India) LtdMallcom (India) Ltd
Established in 1983, Mallcom (India) Ltd. is an ISO certified and government-registered star trading house. The company is in the business of manufacturing Personal Protective Equipment and Industrial Safety products.
Financial =strong
Market Cap ₹ 649 Cr. Stock P/E 18.9 ROCE 20.5 %
ROE 19.9 % Debt to equity 0.45 Promoter holding 73.7 %
Quick ratio 0.88 Current ratio 1.49 Piotroski score 6.00
Profit Var 3Yrs 28.2 % Sales growth 3Years 12.6 % Return on assets 11.7 %
This stock is small cap with unique business . moreover fundamentally strong company.
as well as RSI took support on 55 range . in near time if market breath is positive than this stock will be next level or if it break the momentum zone than be cautious. everyone must take glance in this business idea. even this type of small cap stock make next multibagger .
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
swing idea for momentum |Dolat Algotech LtdDolat Algotech Ltd
Dolat Algotech Ltd is a trading cum clearing member of NSE India and carries on the business of securities broking and securities trading.
Fundamenal: strong
this stock is in momentum zone .this weekly chart and I will invest for short term or momentum goes over. 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.
Thanks and comment freely
Computer Age Management Services Ltd| long term momentum investgComputer Age Management Services Ltd
The company is a mutual funds transfer agency. It provides investor services, distributor services and asset management companies (AMC) services.
Market Cap ₹ 20,023 C Current Price ₹ 4,070 Stock P/E 59.4
ROCE 48.4 % ROE 39.8 % Debt to equity 0.11
Piotroski score 7.00 Profit Var 3Yrs 24.8 % Sales growth 3Years 17.2 %
this chart is amazing as well as company doing great work. as per my view it will be next multibagger in no time.
keep in radar as do your own research befor investing.
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
Frog Cellsat - Strong Fundamentals and Technicals.-> The company has shown a good profit growth of 151.97% for the Past 3 years.
-> The company has shown a good revenue growth of 15.20% for the Past 3 years.
-> The company has significantly decreased its debt by 6.08 Cr.
-> Company has been maintaining healthy ROCE of 25.02% over the past 3 years.
-> Company is virtually debt free.
-> Company has a healthy Interest coverage ratio of 30.48.
-> The company has an efficient Cash Conversion Cycle of 60.53 days.
-> Company has a healthy liquidity position with current ratio of 4.44.
-> The company has a high promoter holding of 74.10%.
-> The company has a strong degree of Operating leverage, Average Operating leverage stands at 31.86.
Cup Handle with buy opportunityA perfect Cup and handle pattern is formed by Ion Exchange and it gave a perfect buying opportunity.
I have drawn a SL line if price fluctuate and slips down.
Personally I am positive with this stock as volume on breakout is also high. Anytime soon, before budget this stock might give 20-30% return for sure. Or check the depth of cup for return percentage.
NOTE: This is just for educational purpose only.
Happy Trading :)