Beyond Technical Analysis
THE MULTIBAGGER STOCK- RAJESH EXPORTS - 250% GAINWITH Global Leader in Gold business
Rajesh Exports Limited is one of the lucrative stock
REL which is in limelight from the days of fortune 500 list is nearly its 52 week low and the opportunity to its all time high is extreme
LIC holdings in RAJESH EXPORTS are above 10%
wih INDIA's growth story and increasing exports potential supporting the trends
CURRENT PRICE IS AROUND 290
ALL TIME HIGH- 1030
3.5 times from the CMP
Shyam Metallics - Short term DARVAS technical trade Shyam Metallics - Short term technical trade
Fundamentals
MCAP- 22500 Cr
PE - 20.48 = Industry PE of 20.51
PEG Ratio is 1.84
Debt to Equity is 0.06 and ICR is 9
ROE is 12%, ROCE is 10% ( 5yr ROCE is 21%)
Sales growth is 5%, 5yr Sales growth is 23%
Profit Growth is 74%, 5yr Profit growth is 11%
Promoter holding is 75%
Latest results - Excellent
Technicals
CMP - 808
Bullish - Above EMA 9, 21,63, 200 on daily charts , RSI(14) is 70
Commentary
Based on the Darvas box method, I expect Shyam Metaalics to continue trading up.
With CMP 808, it has breached its own all time high and I expect the trend to continue. The below targets are to ride this wave and catch as much upside as possible with little downside risk.
Target : 950-960
Stop Loss : 716 (If already invested) , more conservative stop loss would be 2-3% below CMP
Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
Buy Prerna Infrabuild _CMP_ 37 INR _ LONG Will show good growth in upcoming years
Prerna Infrabuild's strong order book, diversified portfolio, experienced management, and financial discipline make it an attractive investment opportunity. With the government's focus on infrastructure development, we expect the company to benefit from increased demand.
Unmasking hidden opportunities : Nifty chart breakdown.Trend Analysis:
The Nifty Bank Index is still in an uptrend, as indicated by the ascending green arrow. This suggests bullish sentiment among traders.
Support Zone:
The highlighted rectangular area between approximately 53,950 and 54,000 points now represents the strong support zone. Historically, the price has consolidated here before moving upward.
Resistance Level:
We’ll adjust the potential resistance level based on the new price range. If the price approaches around 54,000 points, it might face selling pressure.
Price Targets:
If the uptrend continues (green arrow), traders could expect the index to test the adjusted resistance at 54,000 points.
Conversely, if there’s a reversal (red arrow), the index could drop to test the support zone between 53,950 and 54,000 points.
Volume Indicator:
Keep an eye on volume bars—they still correspond to each candlestick. Higher volume aligns with significant price movements. 📈🚀
[Defensive] Nestle India - Breaking out of long term parallel chFundamentals
Expensive stock. Hold if already invested.
Technicals
CMP - 2725
Bullish - Above EMA 9, 21,63, 200 on daily charts , RSI(14) is 70
Commentary
As seen in the charts , the stock has been trading in the parallel channel since 2016, except in the recent months where the stock went through the 1:10 split, during which time, it crossed the parallel channel and reached its All time high levels of 2769.
Since the split and given the economic condition, this scrip is a defensive stock and expected to remain resilient. However, given its historical high valuation, its a very risky "NEW" trade.
View :
T1 : Swing above ATH to 2800-2850 levels
T2 : Once it crosses its ATH, hold for swing to 3000
T3 : 3200
Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
King Candle With Volume BlastingNSE:SBFC after listing made a major king candle with heavy volumes, getting out of its channel completely. We can't jump directly into it as the history of charts is limited but it is surely a candidate to look out for in the Coming Days as Feels like something is cooking.
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.
24Sep2024 - Bank Nifty Predictions (next Trading Day) Daily and 5-minute time frame charts for Bank Nifty and provide insights based on those.
1. Support and Resistance Levels for the Next Trading Day:
Support Levels:
Immediate support: Around 53,870 (as seen in the 5-minute chart, the price bounced from here during the intraday session).
Stronger support: Near 53,600, which aligns with the previous breakout zone and the volume activity seen in the last few sessions.
Resistance Levels:
Immediate resistance: 54,200 (recent high from today’s session).
Stronger resistance: 54,400 (a psychological level and the next major hurdle on the daily chart).
2. Scenario for the Next Trading Day:
Opening (9:15 AM) Flat to Slight Gap Up Neutral to Bullish
Mid-Morning (10:30 AM) Test Resistance (54,200) Bullish
Noon (12:00 PM) Consolidation Below 54,200 Range-Bound
Afternoon (1:30 PM) Reattempt to Break 54,200 Bullish
Close (3:30 PM) Likely Close Near 54,200 Slightly Bullish
The chart shows signs of bullishness, but there might be consolidation below resistance levels.
3. Options Buying Strategies for the Next Trading Day:
Based on the chart readings and expected price behavior, here are specific strategies:
Strike Selection: Focus on 54,100 CE or 53,900 PE based on the breakout/breakdown around the support/resistance levels.
Scenario-Based Strategy:
If Bank Nifty opens flat or slightly gap up and stays above 54,000, go for 54,100 CE with a quick entry and exit near resistance (54,200).
If Bank Nifty shows weakness around 54,200, consider 53,900 PE for a retracement trade down to 53,870.
Exit strategies : Trail stop-loss aggressively as the price approaches resistance/support levels.
By monitoring price action around these levels, you can make more informed decisions on strikes. Let me know if you need further assistance!
Disclaimer: Do Manager your Risk and Money management, Do not Forget to PUT STOP LOSS
DIVISLAB 1DSWING TRADE
- EARN WITH ME DAILY 10K-20K –
DIVISLAB Looking good for Downside..
When it break level 5450 and sustain.. it will go Downside...
SELL @ 5450
Target
1st 5378
2nd 5317
FNO
DIVISLAB SEP FUT – LOT 5 (Qty-1000)
DIVISLAB SEP 1960 PE – LOT 1 (Qty-200) – PRICE (182.85)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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