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Beyond Technical Analysis

max profit minimum time opportunity (value investing)Entry Price: The entry price should be between ₹3700 and ₹3900. Target Price: ₹5910 (35% upside potential) Sell Signal between -10 and -15 Hold Signa ranges between -10 and 10 Strong Buy Signal exceeds 10 sector - gold and jewelry NSE:SKYGOLD :Sky Gold Limited is engaged in the business of designing, manufacturing, and marketing gold jewellery :The company has reputed clients like Malabar Gold, Joyalukkas, Senco , Khazana Jewellers, Khimji, Kalyan Jewellers, GRT, Istaara etc. The company's previous financial reports indicate continuous and strong sales growth The quarter-on-quarter (QoQ) average sales growth in the last four quarter is 30%, while the year-on-year (YoY) average sales growth over the past two years stands at 46%. Additionally, the company has consistently improved its profit margins on a YoY basis. The company's EPS has also shown remarkable growth alongside its profit and sales. In the financial year 2022-23E PS grew by 9%, followed by an impressive 76% growth in 2023-24. In the current financial year, EPS growth has reached 96% peer base valuation The company's P/B ratio appears undervalued compared to top peers. However, many of its peers are outperforming it in terms of P/B ratio performance. The company's P/E ratio is significantly higher than the industry average but considerably lower compared to the major players in the industry. Its EPS growth in the previous quarter has been the highest among its peers. The company's sales growth is also the highest in the industry, its EV/EBITDA is much lower than that of market leaders. Additionally, the company's ROE is better than many peers in the industry, although it still lags behind the industry leader's ROE. :share holding changes The company's promoters have been continuously reducing their stake since the September quarter of the previous year. Their holding, which was 73.55% in September 2023, has dropped significantly to 58.24% by October 2024, which is a concerning trend. On the other hand, FIIs, which held 0% in September 2023, have steadily increased their stake over the last four quarters to 1.38%. Additionally, DIIs have acquired a 6.31% stake in the recent period, indicating strong trust from major investors, which is a positive sign for the company. estimate for q3 Recently, several news portals have reported that 46 lakh weddings are expected to take place in India during November and December. Given that gold accessories are heavily purchased during Indian weddings, the upcoming quarter could be highly favorable for the gold sector. This presents a significant opportunity for the company to expand its market. However, it is important to note that the company primarily focuses on lightweight jewelry, while heavier jewelry is typically preferred for weddings. That said, the company's B2B business model, which involves selling jewelry to stores and online platforms that further sell to end consumers, provides growth in this high-demand period.
NSE:SKYGOLDLong
by Tap_trader
1
ASIAN PAINTS FOR 50% GAINLeading company in the paints sector, Hit by the fear of new players coming in to the sector to disrupt the market, but the reality is The old player & the big player remains tobe the leader in the industry. In the long term There's no sign of slowdown in the future. Asian Paints, Indigo Paints, Berger Paints, Kansai Nerolac All are looking Lucrative . Per capita paint consumption is very low compared to global average. India's growth story for Upcoming decades looks Strong indicates a rise in the Paint consumption. The leading company in the paints sector knows how to tackle competition. The price is at support of multiple times. Multiple patterns are in making on the longer time frame. Asian paints is trading far below it's Average P/E of past 5 years. Big Institutions and Mutual funds are buying at this price level. Note: May have positions in the Stock and it's peers.
NSE:ASIANPAINTLong
by Billionaire_Anant
Bitcoin Bullish Setup & Volatility Commentary - Bitcoin is trading at 101,702$ - Economic Calendar always helps you refine your bias and understand how the expansion is going to be 90% don't even put stress on this. - Technically the whole Flash Crash got bought back and what does this depict think psychologically we are witnessing demand whenever BTC dips - All eyes are on the weekly closing of Bitcoin. If we close above the recent ATH, or above $102,000, it's going to be easy for us to purge way higher. - While on the downside we can soon see 77,000-84,000$ and that's going to rebalance the price and help to structure become more stronger and valid. - Manage risk and trade carefully instead of looking for Bitcoin Spot accumulation Ethereum is offering a better Risk to Reward
BITSTAMP:BTCUSDLong
by VKtradesimbalance
RPOWER - VCP & Flag & Pole breakout. Buy above 46.77RPOWER had earlier formed VCP Pattern, followed by Flag and pole breakout. Rpower had its share of up's and down !! on one side it cleared almost all of its debt and on other hand it got banned by SECI. Thankfully the co. is out of Ban and they won their biggest order "RELIANCE POWER SUBSIDIARY, RELIANCE NU SUNTECH WINS 930MW SOLAR ENERGY & BATTERY ENERGY STORAGE SYSTEM OF 1860 MWH PROJECT OF SECI THIS IS THE SINGLE LARGEST PROJECT OF SOLAR AND BATTERY STORAGE SYSTEM IN INDIA" One can enter above 46.77 for targets of 54/74/100. SL - 41.85 Disclaimer : This is Educational post. Please do your own research.
NSE:RPOWERLong
by jain_geetesh
XRP, pioneer of the first crypto wave. How's now?XRP, along with BTC and ETH, was one of the first assets I started to know the crypto market. With his historical path, the foundation for the crypto development in the past 10 years, and pioneer in the fight with the SEC and Central institution. Ripple was born in 2012, followed by XRP Ledger, and it was the first decentralized blockchain to offer solutions and tools to developers. XRP works with several languages such as Java and Phyton. If every crypto, to survive, must have a utilization purpose, Ripple’s one is to be the blockchain for business. The ledger technology and the federal consensus mechanism, put ripple on the podium for the historic importance. It was the first crypto to propose a technology to integrate the fiat with the crypto, the CBDC. But, why is Ripple still struggling to find a solid growth trend? The 2021 spike coincides with the altcoin seasons, and for now, seems that Ripple will join the party even this time. With an increase of over 300%, ripple has come back into the altcoin landscape. But we have already seen that it grows as fast as it will drop. My thoughts are that XRP is meant to be a translator between crypto and fiat, between decentralized and central banks. Its normal price channel is around 1$, which would make perfect sense, if it would not have one of the highest volatility, kept above 100%, nonetheless, its funding was more than ten years ago. Is it a worthy investment? For its uniqueness and historic path, ripple is in my portfolio. So far yes. It has respected the strategy and the last day's drop, did not turn the bullish curve. Perfect reaction to the trendline and it coincides with 0.382 in fibo weelky. Patternwise we are creating a M-shape, even if the general opinion is more oriented to a pennant shape. Anyways, it’s a bullish market for Ripple. My TPs are $3.3550, $4.000, and $4,400 in this next alt season. But, what’s concerning me is that awful cup pattern forming in the past week. What does it mean? I don't know but, as long as its trend is respected, I am still bull on this asset. We wait for the reaction at the 618, @1.90. Just the historic higher high in the context.
Long
by itsmcasalinii
when technology overpass the monetary purpose It’s the time of TON, the ultimate favorite crypto, The Open Network. I am very enthusiastic about this crypto due to its revolutionary aspect and underlying technology. The 2-blockchain system can resolve a few gaps left behind by past projects. Insure safety and scalability, without sacrificing speedy or increasing transaction costs. I am a newbie on this network and we have just learned that it recovers all inefficiency left behind without space for a gap or liquidity void. Ergo, every time we see TON increase, stop the price on the spike, cause if it drops, it’s not going to stop at 61%. If LUNC created a cup shape, and the ripple has retraced at 618, TON just drops or hikes. But we must understand why it dropped… even if there is no sense, apparently. So, despite all the other coins, TON November was ranging, from 9th till 23rd. On Nov 20th it started its bullish phase. Gaining almost 40% in 14 days. But still, why this drop? In my opinion two reasons behind this. First is liquidation at 7$, Second, escaping from the trap. In a period when everyone is collecting their ATH (all-time high) Ton failed, and did not reach its last higher high at 7.26$. Due to this reason, tons of TON were liquidated at the psychological level of 7$. Both take profit set there and stop loss set below the last higher high. I like ton technology, but its circulating supply is just half of the total available, which means that a whale probably owns it, and they can potentially abuse it and manipulate the market. So, is TON a good investment? In my opinion, yes. It is. Once we have a technology innovation, we just have to be patient enough to wait for the revolution to come itself. The predictions are good, following a positive instinct regarding the expansion of dApps. But I am still working on its levels.
by itsmcasalinii