Asian Paints: A Blue-Chip Opportunity at 3-Year LowsAsian Paints, a stalwart in the Indian Paint market, has dropped to ₹2,300, marking a three-year low. Amidst this decline, the stock exhibits noteworthy indicators:
1. **Relative Strength Index (RSI)**: Currently below 50, signaling potential oversold territory.
2. **Price-to-Earnings Ratio (P/E)**: Historically low at <46, presenting a rare valuation opportunity.
Here’s why I believe this is an attractive long-term investment:
1. **Attractive Dividend Yield**: At the current price, the dividend yield is 1.46%, offering a steady income stream.
2. **Robust Financial Health**: The company boasts negligible debt, ensuring financial stability.
3. **Strong Reserves**: Asian Paints has a reserve of ₹17,928 crore, a solid buffer for future growth.
4. **Cash Flow Strength**: With a cash generation of ₹6,104 crore, the company has ample liquidity for operations and expansion.
5. **Growth-Oriented Investments**: The company is investing ₹2,500 crore in fixed assets, underscoring its focus on long-term growth.
As Warren Buffett says, *"Be fearful when others are greedy, and greedy when others are fearful."* This downturn may present a strategic buying opportunity for patient investors.
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**Disclaimer**
1. Perform your own analysis or consult a financial advisor before investing.
2. This investment may require a long horizon to yield significant returns.
Beyond Technical Analysis
Gold analysis 7/1/2024Gold is stuck in a wide range, with hurdles both ways. All timeframes look choppy, and lower timeframes are forming a rubber band effect. It needs to break above 2643 to push toward 2665, where it’ll hit a high-volume zone. On the downside, breaking below 2630 will bring it to the lower volume zone. Until something gives, it’s just break-on-break trading for now.
Valid for today only!
DOW JONES - SWING TRADESymbol - DJI
DJI is currently trading at 42545
Dow Jones is making double bottom at larger time frame & I'm seeing a trading opportunity on buying side.
Buying DJI Futures at CMP 42545
I will add more position if 42345 comes & will hold with SL 42100
Targets I'm expecting are 43100 - 43340 - 43580 & 42820
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
A SELL setupAlways use proper risk management by assessing your financial goals and personal risk tolerance, ensuring you never risk more than you can afford to lose. Set a proper stop loss before entering any trade to minimize potential losses if the market moves against you, and stick to it without letting emotions interfere. Take full responsibility for your trading decisions, learning from mistakes to improve over time. Plan every trade carefully with clear entry, exit, and risk management strategies, as consistency and discipline are key to long-term success.
A SELL setupAlways use proper risk management by assessing your financial goals and personal risk tolerance, ensuring you never risk more than you can afford to lose. Set a proper stop loss before entering any trade to minimize potential losses if the market moves against you, and stick to it without letting emotions interfere. Take full responsibility for your trading decisions, learning from mistakes to improve over time. Plan every trade carefully with clear entry, exit, and risk management strategies, as consistency and discipline are key to long-term success.
A BUY setupAlways use proper risk management by assessing your financial goals and personal risk tolerance, ensuring you never risk more than you can afford to lose. Set a proper stop loss before entering any trade to minimize potential losses if the market moves against you, and stick to it without letting emotions interfere. Take full responsibility for your trading decisions, learning from mistakes to improve over time. Plan every trade carefully with clear entry, exit, and risk management strategies, as consistency and discipline are key to long-term success.
A BUY setupAlways use proper risk management by assessing your financial goals and personal risk tolerance, ensuring you never risk more than you can afford to lose. Set a proper stop loss before entering any trade to minimize potential losses if the market moves against you, and stick to it without letting emotions interfere. Take full responsibility for your trading decisions, learning from mistakes to improve over time. Plan every trade carefully with clear entry, exit, and risk management strategies, as consistency and discipline are key to long-term success.
A BUY setupAlways use proper risk management by assessing your financial goals and personal risk tolerance, ensuring you never risk more than you can afford to lose. Set a proper stop loss before entering any trade to minimize potential losses if the market moves against you, and stick to it without letting emotions interfere. Take full responsibility for your trading decisions, learning from mistakes to improve over time. Plan every trade carefully with clear entry, exit, and risk management strategies, as consistency and discipline are key to long-term success.
A BUY setupAlways use proper risk management by assessing your financial goals and personal risk tolerance, ensuring you never risk more than you can afford to lose. Set a proper stop loss before entering any trade to minimize potential losses if the market moves against you, and stick to it without letting emotions interfere. Take full responsibility for your trading decisions, learning from mistakes to improve over time. Plan every trade carefully with clear entry, exit, and risk management strategies, as consistency and discipline are key to long-term success.
A BUY setupAlways use proper risk management by assessing your financial goals and personal risk tolerance, ensuring you never risk more than you can afford to lose. Set a proper stop loss before entering any trade to minimize potential losses if the market moves against you, and stick to it without letting emotions interfere. Take full responsibility for your trading decisions, learning from mistakes to improve over time. Plan every trade carefully with clear entry, exit, and risk management strategies, as consistency and discipline are key to long-term success.
A SELL setupAlways use proper risk management by assessing your financial goals and personal risk tolerance, ensuring you never risk more than you can afford to lose. Set a proper stop loss before entering any trade to minimize potential losses if the market moves against you, and stick to it without letting emotions interfere. Take full responsibility for your trading decisions, learning from mistakes to improve over time. Plan every trade carefully with clear entry, exit, and risk management strategies, as consistency and discipline are key to long-term success.
A BUY setupAlways use proper risk management by assessing your financial goals and personal risk tolerance, ensuring you never risk more than you can afford to lose. Set a proper stop loss before entering any trade to minimize potential losses if the market moves against you, and stick to it without letting emotions interfere. Take full responsibility for your trading decisions, learning from mistakes to improve over time. Plan every trade carefully with clear entry, exit, and risk management strategies, as consistency and discipline are key to long-term success.
A BUY setupAlways use proper risk management by assessing your financial goals and personal risk tolerance, ensuring you never risk more than you can afford to lose. Set a proper stop loss before entering any trade to minimize potential losses if the market moves against you, and stick to it without letting emotions interfere. Take full responsibility for your trading decisions, learning from mistakes to improve over time. Plan every trade carefully with clear entry, exit, and risk management strategies, as consistency and discipline are key to long-term success.
Natural Gas Intraday Technical Analysis for 7th Jan., 24🚀 Unlock the potential with my Natural Gas Intraday Technical Analysis for 7th January, 2025!
✨ Boost, follow, and engage for updates. Your support means a lot! 🚀❤️
📍 Range Trigger Point (DRTP): 310.60
📅 Day Range: 24.80
📈 Long Position
🔹 Buy Above: 310.33
🎯 Target 1: 325.93
🎯 Target 2: 335.40
⛔ Stoploss: 302.06
📉 Short Position
🔹 Sell Below: 304.47
🎯 Target 1: 295.27
🎯 Target 2: 285.80
⛔ Stoploss: 312.74
✨ My strategies are backed by 6+ years of research and proven success in trading indices, commodities, and more. Connect to know more for Intraday Levels and Live Market Confirmations. 📈
🚀 How to Trade with Numro Trader Intraday Levels
Buy Setup
🕒 Wait for a 5-Min. candle to close above DRTP or Buy Above level.
📈 Confirm breakout with a candle breaking the high of the breaking candle.
🛒 Enter a buy order at the active level (DRTP or Buy Above).
🎯 Target: Aim for Target 2 (if the market is coming directly from DRTP) or Target 1 (if coming from below DRTP).
⚠️ Exit Rule: Set stoploss of 3 points exactly from the active level. Avoid re-entering after achieving the target.
Sell Setup
🕒 Wait for a 5-Min. candle to close below DRTP or Sell Below level.
📉 Confirm breakout with a candle breaking the low of the breaking candle.
🛒 Enter a sell order at the active level (DRTP or Sell Below).
🎯 Target: Aim for Target 2 (if the market is coming directly from DRTP) or Target 1 (if coming from above DRTP).
⚠️ Exit Rule: Set stoploss of 3 points exactly from the active level. Avoid re-entering after achieving the target.
#NaturalGas #IntradayTrading #NumroTrader
Crude Oil Intraday Technical Analysis for 7th Jan., 24🚀 Unlock the potential with my Crude Oil Intraday Technical Analysis for 7th January, 2025!
✨ Boost, follow, and engage for updates. Your support means a lot! 🚀❤️
📍 Range Trigger Point (DRTP): 6308
📅 Day Range: 140
📈 Long Position
🔹 Buy Above: 6380
🎯 Target 1: 6395
🎯 Target 2: 6448
⛔ Stoploss: 6333
📉 Short Position
🔹 Sell Below: 6346
🎯 Target 1: 6221
🎯 Target 2: 6168
⛔ Stoploss: 6393
✨ My strategies are backed by 6+ years of research and proven success in trading indices, commodities, and more. Connect to know more for Intraday Levels and Live Market Confirmations. 📈
🚀 How to Trade with Numro Trader Intraday Levels
Buy Setup
🕒 Wait for a 5-Min. candle to close above DRTP or Buy Above level.
📈 Confirm breakout with a candle breaking the high of the breaking candle.
🛒 Enter a buy order at the active level (DRTP or Buy Above).
🎯 Target: Aim for Target 2 (if the market is coming directly from DRTP) or Target 1 (if coming from below DRTP).
⚠️ Exit Rule: Set stoploss of 30 points exactly from the active level. Avoid re-entering after achieving the target.
Sell Setup
🕒 Wait for a 5-Min. candle to close below DRTP or Sell Below level.
📉 Confirm breakout with a candle breaking the low of the breaking candle.
🛒 Enter a sell order at the active level (DRTP or Sell Below).
🎯 Target: Aim for Target 2 (if the market is coming directly from DRTP) or Target 1 (if coming from above DRTP).
⚠️ Exit Rule: Set stoploss of 30 points exactly from the active level. Avoid re-entering after achieving the target.
#CrudeOil #IntradayTrading #NumroTrader
TMCFGRNZM: Breakout Could Fuel Bullish MomentumNCDEX TMCFGRNZM is showing signs of potential growth, but the increase so far hasn't been significant. According to Elliott Wave analysis, the price has formed an impulsive pattern, with wave (c) of wave ((4)) reaching a level of 13,000 .
The price is currently in the final wave ((5)) of the impulsive cycle. For this to confirm the impulsive movement, the price needs to break above the level of wave (B), which is at 16,590.
A strong resistance is expected at wave B, and if the price breaks through this level, it could boost the bullish momentum, leading to a new high. However, without this confirmation, the price may not be suitable for long-term investment and could remain in a corrective phase.
We will update further information soon.
4th Breakout in ITINSE:ITI this is my 4th Idea on ITI on the 4th Breakout in the Past Few Days although now I'm not sure why it is behaving like this but like all the previous three trades it might just go on and on as the price and Volume action suggests although it will be risky.
📌Thank you for exploring my idea! I hope you found it valuable.
🙏FLLOW for more
👍BOOST if useful
✍️COMMENT Below your views.
Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Amid HMVP Virus Concerns - SUN PHARMA Trade IdeaTrade Idea Explanation:
The emergence of the HMVP virus in India has created a surge in demand for pharmaceutical products, particularly antiviral medications. Sun Pharmaceuticals, as one of India's largest and most diversified pharmaceutical companies, is well-positioned to benefit from this heightened demand. This technical trade idea aligns with the potential bullish sentiment driven by the company's fundamentals and the technical setup visible on the chart.
Technical Setup:
Rounding Bottom Pattern:
A classic reversal pattern indicating accumulation and a potential trend reversal.
The breakout from this pattern suggests a bullish continuation.
Demand Zone:
The price has shown a strong rebound from the demand zone at ₹1,840–₹1,850, reflecting significant buying interest.
Sellers' Liquidity Zone:
The price is approaching the sellers' liquidity zone near ₹1,920. A breakout above this level would indicate strength and open the door for higher targets.
Volume Confirmation:
The increasing volume at key levels validates the breakout and strengthens the bullish case.
Trade Plan:
Entry Levels:
Enter long near ₹1,850.
Alternatively, wait for a breakout above ₹1,860 for added confirmation.
Targets:
Target 1: ₹1,920 (sellers' liquidity zone).
Target 2: ₹1,960 (next major resistance zone).
Stop-Loss:
Place a stop-loss below ₹1,820 to protect against downside risk.
Risk-Reward Ratio:
Minimum 1:2, ensuring an optimal risk-to-reward setup.
Why SUN PHARMA?
Sun Pharma has a well-diversified portfolio, including antivirals and other life-saving drugs.
The HMVP virus outbreak could act as a catalyst for increased demand for its products.
The technical setup aligns with a broader market opportunity, offering a strong risk-reward proposition for mid-term traders.
Key Notes:
Monitor news related to the HMVP virus and its impact on the pharmaceutical sector.
Keep an eye on broader market sentiment and volume activity to validate the trade setup.
Adjust targets and stop-loss levels if market conditions change.
GODREJCP : Morning Star Pattern at SupportGodrej Consumer Products has given breakout near 1100 and now it is retesting its level and making a Morning Star Candlestick Pattern on Support this is a good sign for a stock.
There is a Saying in stock market "Retest Stocks are the best Stock" ... if it will follow this proverb we can get a good profit with Trailing Stop-loss..
All data is available in public domain..
CMP : 1140
TG : near ATH
SL : Doji's low
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout Retest.
2: Support : Volume, Delivery .
3: Technical : Morning Star Candlestick Patter at support.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on Daily chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.
ETHUSDTEven if USDT is eu delisted, i don't give a F, it is still my fav stable coin.
If europe is outdated and sit on their old gold throne, we dont care. We're looking for the future.
So, after this lil oubrust i can start.
The range and 0.27 are reached at 3.9K.
The bullish short-term trend will be create an higher low. This coincides with lots of liquidation and will fullfill the demand. This will bring the price down again in order to create an marketable offer again.
The last offer price, 2.4K -2.8K is the buying zone.
Hold it since then
update btcusdt hello.
This post is basically a personal reminder but, I am glad if you read it.
I keep the same position on btc. Who's renter at 91k good idea, you won't lose that much on the next drawdown. I won't suggest an exit and rentrance.
I am still waiting for 87-85K range (86K snaper).
The 0.618 weekly bearish ends around 101-102k which coincides with the 0.27 buy on several tf.
The 0.27 of this sell on weekly basis ends where the reintracement of the main bullish trends is supose to arrives, this so-oftern recalled, 86k.
I expect a bullishn rally from 86K but there are still ineffenciy left behind. For the nowadays political and governamental situation, i think a price of 78-71K is too low, unless BTC burning.