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Bajaj Auto Ltd.: Descending Wedge - Breakout or Breakdown?Bajaj Auto Ltd. is currently trading within a descending wedge pattern, indicating potential consolidation or a breakout scenario. Here’s the technical breakdown: Key Observations Descending Wedge: The price is narrowing, with lower highs and lows, signaling reduced selling momentum. Support Zone: ₹8,800–₹8,900 serves as a strong support level. A breakdown below this could lead to further downside. Resistance Levels: ₹9,262.90: Immediate resistance. ₹9,642.45 and ₹9,995.55: Higher levels to watch in case of a breakout. Trade Outlook Bullish View: A breakout above the wedge’s upper trendline signals upward momentum, targeting ₹9,262 and beyond. Bearish View: A breakdown below ₹8,800 could push the price to ₹8,600 or ₹8,400.
NSE:BAJAJ_AUTOLong
by ayusharya_001
Neat & Clean Falling Resistance Trendline Breakout in TVSHello everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a stock which has given perfect neat and clean falling resistance trendline breakout on chart. Stock name is TVS Motor Company Ltd (TVSM) and it is engaged in manufacturing two-wheelers and its accessories; it currently manufactures a wide range of two-wheelers and three-wheelers. Stock is good for short term to long term investing. Stock is trading at 17% discounted price. So it becomes more attractive at these levels. All the levels i have already marked on chart. Please follow that. Fundamental analysis P/E ratio is 62.7399 which is lower than it's Industry P/E 62.74 D/E 3.73 has reduced as compared to last year's D/E 3.93 Stock has given a return of 30.96% in last 52 Weeks ROCE is 15.64% ROCE 15.64% has increased as compared to last year's ROCE 14.11% ROE is 28.95% ROE 15.64% has increased as compared to last year's ROE 14.11% ROCE 15.64% is higher than 5 years ROCE average 12.99% ROE 28.95% is higher than 5 years ROE average 22.06% Operating Profit Margin (EBITDA Margin) is 14.09% Operating Profit Margin (EBITDA Margin) 14.09% has improved as compared to last year's OPM 12.72% Net Profit Margin (PAT Margin) 4.31% has improved as compared to last year's NPM 4.16% Company has a negative Cash Conversion Days of -53.88 Annual Sales has grown by 22.43% Annual Profit has grown over by 26.86% 3 Years Sales CAGR is 27.58% 3 Years Profit CAGR is 39.21% Quarterly Sales has grown over by 13.78% YoY Quarterly Profit has grown over by 42.29% YoY Quarterly Profit has grown over by 20.7% QoQ FII have increased their stakes by 1.28% in the latest quarter (21.05% to 22.33%) FII have increased their stakes by 9.47% in last 3 years Retail/Public have reduced their stakes by 1.05% in the latest quarter (19.49% to 18.44%) Promoters + FIIs + DIIs hold 91.04% in the company Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
NSE:TVSMOTORLong
by TraderRahulPal
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