BETA - Breakout with a good upside potential BETA - Good breakout is observed in the daily timeframe. This company is a fantastic compounder and has excellent fundamentals and technicals.
There is an immediate upside of around 17% and it can also be a good option for long term holding.
Please do OWN your research before making a decision. These are only my personal views.
Beta
22 Mar ’24 — BankNifty holds ground, when NiftyIT was crashingBankNifty Analysis - Stance Neutral ➡️
BankNifty stays in the neutral zone for yet another day. Even when N50 made its 1.36%, BN went up only by 0.9%. NiftyIT was tanking on one side, but BN was holding its ground from falling. I am seriously confused about whether Nifty or BankNifty has the lower beta. Even the profit booking in the last 40mts did not have a wild impact on BN but it might have taken the profits out of N50 straddlers.
4mts chart
We are almost midway between the nearest support & resistance. The slope of the 200 EMA will prove the point that we are neutral, just check its slope - it's almost parallel to the X-axis. This was the major reason why I never went bearish even though we fell 2000+ points from the ATH. We continue to maintain our neutral stance for Tuesday and would like to build fresh positions based on the price action.
63mts chart
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Algo Trading
Our algo trades ended today with a loss of 7029 rupees, thanks to the swing from Nifty50. So for my current month, the Nifty Algos are in loss whereas BN is in good profits. This takes me back to the earlier question, which one has the lower beta?
High Beta Stocks (NSE) Scanned on 1 July 2021Following is a latest list of high beta stocks for intraday and swing trades.
Stock Selection Criteria
Beta Above 1.49
Average Volume 1M
Scanned using investing.com.
Intraday stocks allowed in Fyers broker, the intraday allowed brokers will be different for other brokers.
Includes stocks outside F&O section.
Selection is not just meant for intraday but for swings also.
ABCAPITAL
ASHOKA
AXISBANK
BANKBARODA
BANKINDIA
BHEL
BOMDYEING
CANBK
CENTRALBK
CHENNPETRO
CHOLAFIN
DCAL
DCBBANK
DELTACORP
DISHTV
DLF
EDELWEISS
EQUITAS
FCONSUMER
FEDERALBNK
FRETAIL
GAYAPROJ
GMDCLTD
GNFC
GRAPHITE
GREAVESCOT
GSFC
HFCL
HINDALCO
HINDCOPPER
HSCL
HUDCO
IBREALEST
IBULHSGFIN
IDFC
INDIANB
INFIBEAM
IRB
J&KBANK
JAICORPLTD
JAMNAAUTO
JINDALSAW
JINDALSTEL
JISLJALEQS
JMFINANCIL
JSL
JSLHISAR
KARURVYSYA
KRBL
L&TFH
LAURUSLABS
M&M
M&MFIN
MAGMA
MANAPPURAM
MMTC
MOTHERSUMI
MRPL
NBCC
NCC
NFL
PHILIPCARB
PNB
RBLBANK
RCF
RELCAPITAL
RELINFRA
RENUKA
RPOWER
SAIL
SBIN
SOUTHBANK
SUZLON
TAKE
TATAMOTORS
TATAMTRDVR
TIMETECHNO
VAKRANGEE
VEDL
WABAG
WELCORP
WOCKPHARMA
my view on BHARAT WIRE AND ROPES as i see the stock it still has a good down side left .
and in the worst case can even comes to 77 rupees -80 rupees range as well!
in SHORT TIME FRAME the stock holds good support in range of 100-105
MIGHT SEE SOME dead cat bounce AT THESE POINTS BUT overall structure of the stock tells me TO STAY AWAY from the stock
and on the upside the stock faces resistance at 130 levels
thus wen the risk reward ratio is not favourable i would better avoid it !!!!!!!!!!!!!