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BSE Flag Pattern Breakout - Bullish Momentum AheadThe BSE has shown a promising flag pattern breakout, indicating potential bullish momentum in the near term. Sustaining above the key level of 2890, the index is poised for further upward movement, with a target around 3400. Let's delve deeper into the technical analysis to understand the potential trajectory. Technical Analysis: Flag Pattern Breakout: The BSE index has formed a flag pattern, characterized by a sharp upward move (flagpole) followed by a consolidation phase (flag). This pattern often signifies a continuation of the previous trend, in this case, bullish. Key Resistance Level: The breakout occurred above the crucial resistance level of 2890. This level now acts as a support, validating the bullish bias. Volume Confirmation: The breakout is further supported by increasing trading volumes, indicating strong buying interest and participation. Moving Averages: The shorter-term moving averages (such as the 20-day EMA) are crossing above the longer-term ones, signaling a bullish crossover and strengthening the upward momentum. Trade Idea: Entry: Consider entering long positions on a confirmed close above 2890. Stop-loss: Place a stop-loss slightly below the breakout level to mitigate potential downside risks. Target: Aim for a target around 3400, considering the measured move of the flag pattern and psychological resistance levels. Risk Management: Always adhere to proper risk management strategies, such as position sizing and trailing stops, to protect capital. Disclaimer: Trading involves risk, and this analysis is for educational purposes only. It's crucial to conduct thorough research and consider your risk tolerance before making any trading decisions.
NSE:BSELong
by CyborgTradingHub
Just A View - BSE Double Top Neckline Support📊 Script: BSE 📊 Sector: Miscellaneous 📊 Industry: Miscellaneous Key highlights: 💡⚡ 📈 Script is taking support of level 2075 which is neckline of double top. 📈 We may see bounce back from here. ⏱️ C.M.P 📑💰- 2148 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:BSELong
by radha_23
BSE ltd positional trading ideaATH breakout of BSE. BSE just broke the upper resistance level of 2600. the volume of the breaout candle is also good. but it didnt consolidate before breakout. so there is a chance that BSE will move in a range for a few days after breakout. and after that if it makes a positive price action, we may go for a long entry. Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets.
NSE:BSELong
by sudeeptalayek
IDEA | LONG | SWING | NSE:INDIA | ANALYSISDisclosure : I am not SEBI registered. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this channel suggestions. Consult your financial advisor before taking any decisions. Buy if: Follows current price action movements with Volume support Respects Triangle pattern formation RSI breakout Good Volume on price breakout the trendline Took support on 50 EMA Exit if: Sudden down spike with heavy unexpected volume Breaks 50 EMA Touches my Stop Loss
NSE:IDEALong
by Vasukipriya
1
IFCI - Next big thing?IFCI Limited is a financial institution that caters to the long-term finance needs of the industrial sector. The Company offers a range of debt products based on the specific requirements of the corporate. P/B: 1.45 Mkt Cap (Rs. Cr.): 4,643 Sector PE: 8.45 Book Value Per Share: 12.87 Positives: Strong Momentum: Price above short, medium and long term moving averages MACD Crossover Above Signal Line New 52 week high today Effectively using its capital to generate profit - RoCE improving in last 2 years Growth in Net Profit with increasing Profit Margin (QoQ) Growth in Quarterly Net Profit with increasing Profit Margin (YoY) Company reducing Debt Annual Net Profits improving for last 2 years Company with Zero Promoter Pledge Recent Results : Growth in Operating Profit with increase in operating margins (YoY) Stock gained more than 20% in one month Highest Recovery from 52 Week Low Decrease in Provision in recent results RSI indicating price strength High Volume, High Gain Negatives: Red Flag: High Interest Payments Compared to Earnings MFs decreased their shareholding last quarter Low Piotroski Score : Companies with weak financials NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
NSE:IFCILong
by babutaaniket
UNIONBANK - Buy opportunity in sightNSE:UNIONBANK Union Bank of India is engaged in providing banking and financial services. The Bank offers products and services in three categories: Deposits, Loans and Advances, and Remittances and Collections. TTM EPS: 7.28 TTM PE: 5.65 Sector PE: 20.33 Book Value Per Share: 89.52 P/B: 0.46 Face Value: 10 Mkt Cap (Rs. Cr.): 28,090 Some Positives: Company with high TTM EPS Growth Strong Annual EPS Growth Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year Efficient in managing Assets to generate Profits - ROA improving since last 2 year Growth in Quarterly Net Profit with increasing Profit Margin (YoY) Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years Company with Zero Promoter Pledge FII / FPI or Institutions increasing their shareholding Current price is less than the intrinsic value Over the last 5 years, revenue has grown at a yearly rate of 18.08%, vs industry avg of 7.63% Over the last 5 years, market share increased from 5.49% to 8.72% Some Positives: Red Flag: High Interest Payments Compared to Earnings Decline in Net Profit with falling Profit Margin (QoQ) Declining Net Cash Flow : Companies not able to generate net cash My Opinion: My opinion is clearly visible on chart. But I would recommend you to read about decreasing trend of NPA and the setup of 'bad bank' by GoI. It is a real positive for all PSU banks in future. NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
NSE:UNIONBANKLong
by babutaaniket
2
SEACOAST - Bottoming out Seacoast Shipping Services Ltd, formerly Mahaan Impex Ltd is an India-based company. The Company’s principal business activity is wholesale trading of textile and logistics. The Company focuses to carry on the business of export, import, buying, selling and producing all kinds of textile business. It focuses on textile business, including formulation of jute, jute goods, jute cuttings, jute rejections, cotton, cotton textiles, yarn, wool, silk, handicrafts, flax, rayon, nylon and other fibrous materials and man-made fibers. All Time High: 213.48 Book Value Per Share: 2.02 TTM EPS: 0.34 TTM PE: 13.88 P/B: 2.34 Sector PE: 4.98 Positives: Strong Momentum: Price above short, medium and long term moving averages New 52 week high today Growth in Net Profit with increasing Profit Margin (QoQ) Growth in Quarterly Net Profit with increasing Profit Margin (YoY) Company with Low Debt Increasing profits every quarter for the past 2 quarters Company with Zero Promoter Pledge Stock gained more than 20% in one month Negatives: Declining Net Cash Flow : Companies not able to generate net cash Seems to be overvalued vs the market average Hasn't fared well - amongst the low performers NOT A RECOMMENDATION. JUST FOR EDUCATION
BSE:SEACOASTLong
by babutaaniket
IEX is ready for a Bull ride.NSE:IEX About Company :- Indian Energy Exchange Ltd provides an automated platform and infrastructure for carrying out trading in electricity units for physical delivery of electricity. It's broker Just like Zerodha or Angel One but for electricity trading. with market share at present, IEX enjoys a dominant 90% market share in the total volume traded across all segments. However, recent regulations like "Market Coupling" could potentially impact IEX's prominence in this segment means market share will reduced if market coupling implemented by govt. in future. Entry :- 160/- or Current Price. Target :- At Supply Zone.
NSE:IEXLong
by swaaapnil
BSE: TREND REVERSAL TO BULLISH DIRECTION TO STRENGTHEN📊 Bombay Stock Exchange (BSE) - Technical Analysis - 02/02/2024 Current Status: Closing Price: 2,493.45 📈 Gain: 7.31% ✅ Fibonacci Level: Above 0.786 🌀 Recent Trend: Reversed Downward Trend ↗️ Above 50-day Moving Average 📈 Increasing Volume 📶 Technical Indicators: MACD: Crossover on 31/01/2024 🔄 Static RSI: Bullish Crossover on 29/01/2024 🐂 Stochastic RSI: Upper Band Strength 💪 Fisher 9: Buy Crossover, Middle Segment 🛒📊 Trading Strategy: Entry Point: 2,512.35 🚪 Target 1: 2,595.75 (Key Fibonacci Level) 🎯 Stop Loss: 2,287.80 🔴 Conclusion: Considering the bullish indicators, the stock shows potential for short-term gains. Suitable for traders looking for momentum-based opportunities. 🌪️📈 Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Investing in stocks involves risks, including the loss of principal. Investors should conduct their own research or consult a financial advisor before making decisions. 🚫💰🔍 Hashtags: #BSE #StockAnalysis #TechnicalAnalysis #Trading #StockMarket #Fibonacci #BullishTrends #Investment #Finance
NSE:BSELong
by finogent
HSCL - LETS SET A TARGETNSE:HSCL Himadri Speciality Cheimical Limited , formerly Himadri Chemicals & Industries Limited, is engaged in the business of manufacturing various grades of coal tar pitch and other byproducts derived during the distillation process. TTM EPS: 1.70 TTM PE: 41.59 Sector PE: 79.00 Book Value Per Share: 42.78 P/B: 1.66 Face Value: 1 Mkt Cap (Rs. Cr.): 2,962 Dividend Yield: 0.21 Some Positives: New 52 Week High Good quarterly growth in the recent results Growth in Net Profit with increasing Profit Margin (QoQ) Company with Low Debt Increasing Revenue every quarter for the past 2 quarters Book Value per share Improving for last 2 years Company with Zero Promoter Pledge FII / FPI or Institutions increasing their shareholding Stock gained more than 20% in one month Strong Momentum: Price above short, medium and long term moving averages My Opinion: It is a Stage 2 stock. I won't be surprised if it gives 2x 3x returns. Keep a eye on 50-200 EMA crossover also in future. NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
NSE:HSCLLong
by babutaaniket
EASE MY TRIP Annual Revenue rose 85.86%, in the last year to Rs 464 Crores. Its sector's average revenue growth for the last fiscal year was 21.78%. The only company in OTA sector to make profit. B2B2C monopoly listed company business making profit Quarterly Net profit rose 67% YoY to Rs 47.18 Crores. Its sector's average net profit growth YoY for the quarter was 6%. Easy Trip Planners Ltd. has a share price target of Rs 44, revenue growth forecast of 27.3%, and profit growth estimate of 13.4% Sector will grow at an avg of 14% CAGR for the next year with travel crowd doubling in the next 5 years !
NSE:EASEMYTRIPLong
by rsptraders2017
Kotak Mahindra Bank - Range ConsolidationKotak Mahindra Bank Limited offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. Book Value Per Share: 562.55 Dividend Yield: 0.08 TTM EPS: 86.40 TTM PE: 21.12 P/B: 3.25 Sector PE: 25.38 Positives: Company with high TTM EPS Growth Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year Efficient in managing Assets to generate Profits - ROA improving since last 2 year Growth in Net Profit with increasing Profit Margin (QoQ) Increasing Revenue every Quarter for the past 4 Quarters Annual Net Profits improving for last 2 years Book Value per share Improving for last 2 years Company with Zero Promoter Pledge Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE Brokers upgraded recommendation or target price in the past three months Decrease in NPA in recent results Mutual Funds have increased holdings from 9.45% to 9.63% in Sep 2023 qtr. Negatives: Declining Net Cash Flow: Companies not able to generate net cash Seems to be overvalued vs the market average Lagging behind the market in financials growth Net Profit TTM Growth % - Low in industry Price to Book Ratio - High in industry Promoters have decreased holdings from 25.94% to 25.93% in Sep 2023 qtr NOT A RECOMMENDATION. JUST FOR EDUCATION.
NSE:KOTAKBANK
by babutaaniket
RCF Analysis - Don't miss this opportunityNSE:RCF EDIT- 1st, 2nd, 3rd, 4th and 5th indicates attempts to break the trendline and not the date. The dates ( in MM/YYYY) are written below the attempt number. Rashtriya Chemicals and Fertilizers Limited (RCF) manufactures and markets various kinds of fertilizers such as urea, bio-fertilizers, micro-nutrients, water soluble fertilizers, soil conditioners etc. TTM EPS: 11.28 TTM PE: 8.39 Sector PE: 17.42 Book Value Per Share: 60.42 P/B: 1.57 Face Value: 10 Mkt Cap (Rs. Cr.): 5,218 Dividend Yield: 3.15 Some Positves: Rising Net Cash Flow and Cash from Operating activity Company with high TTM EPS Growth Strong Annual EPS Growth New 52 Week High Effectively using its capital to generate profit - RoCE improving in last 2 years Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year Efficient in managing Assets to generate Profits - ROA improving since last 2 year Increasing Revenue every Quarter for the past 4 Quarters Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years Company able to generate Net Cash - Improving Net Cash Flow for last 2 years Annual Net Profits improving for last 2 years Book Value per share Improving for last 2 years Company with Zero Promoter Pledge FII / FPI or Institutions increasing their shareholding Stock gained more than 20% in one month Strong Momentum: Price above short, medium and long term moving averages Some Negatives: Over the last 5 years, revenue has grown at a yearly rate of 0.23%, vs industry avg of 7.19% Over the last 5 years, net income has grown at a yearly rate of 17.29%, vs industry avg of 31.88% Over the last 5 years, market share decreased from 8.45% to 6.02% If sanctions over Russia are withdrawn then it may have a negative impact on Indian fertilizer companies. My Opinion: GoI is selling stake in RCF & NFL to reach Rs 23k crore disinvestment target. The company has double cash reserve than debt. Russia and Ukraine produce around 20-25% of global fertilizer production. The supply has taken hit and this presents a good opportunity for Indian companies. The volume indicates that the price will breakout the trendline this time. First target 100 above that 135-140 is very much possible in next 3 months. NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
NSE:RCFLong
by babutaaniket
MGL - Buy Opportunity AnalysisNSE:MGL Mahanagar Gas Limited is a natural gas distribution company. The Company is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and its adjoining areas. TTM EPS: 68.63 TTM PE: 11.95 Sector PE: 23.74 Book Value Per Share: 327.24 P/B: 2.51 Face Value: 10 Mkt Cap (Rs. Cr.): 8,097 Dividend Yield: 2.81 Some Positives: Company with No Debt Increasing Revenue every quarter for the past 2 quarters Book Value per share Improving for last 2 years Company with Zero Promoter Pledge Current price is less than the intrinsic value Company is expected to give good quarter Company has been maintaining a healthy dividend payout of 38.80% Good time to consider, as stock is not in overbought zone Some Negatives: Inefficient use of capital to generate profits - RoCE declining in the last 2 years Decline in Net Profit with falling Profit Margin (QoQ) Decline in Quarterly Net Profit with falling Profit Margin (YoY) Recent Results: Declining Operating Profit Margin and Net Profits (YoY) My Opinion: Chart pattern looks promising for 50% return in medium to long term(If you are planning for long-term investment keep adding on dips till 770 and keep a stop loss at 650). In short term too, target of 840-850 is achievable. Please analyze chart on shorter time-frame before you buy. NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
NSE:MGLLong
by babutaaniket
Only e-waste management co. - ECORECOBSE:ECORECO E-waste is one of the world's fastest rising waste streams since electronic equipment usage is linked to our socioeconomic development, technological advancements, and fashion and style. By 2020, the consumption of electronic gadgets is predicted to reach $ 400 billion (INR 25 lakh crores) due to rising demand for Digital India, Smart Cities, E-commerce, and M-commerce, among other things (as per Deity). As one of the world's fastest developing countries, India will see a rapid increase in the amount of e-waste generated by both households and businesses, in addition to illegal imports, which is expected to rise to 15 million MT by 2020 from 3.2 million MT in 2015, with monetary recoveries of $ 4 billion (INR 25,000 crores) and expected to reach $ 20 billion (INR 125,000 crores) by 2020. Eco Recycling Limited is India's first and leading professional E-waste Management Company that has set industry benchmarks time and again with its innovative & environment friendly disposal practices. It is also the only listed e-waste management company. TTM EPS: 6.20 TTM PE: 19.44 Sector PE: 52.56 Book Value Per Share: 12.30 P/B: 9.80 Face Value: 10 Mkt Cap (Rs. Cr.): 232 Some Positives: High Piotroski Score - Companies with strong financials Promoters increasing shareholding QoQ Rising Net Cash Flow and Cash from Operating activity Company with high TTM EPS Growth Strong Annual EPS Growth Effectively using its capital to generate profit - RoCE improving in last 2 years Growth in Net Profit with increasing Profit Margin (QoQ) Growth in Quarterly Net Profit with increasing Profit Margin (YoY) Company with Low Debt Company reducing Debt Company able to generate Net Cash - Improving Net Cash Flow for last 2 years Company with Zero Promoter Pledge Companies with rising net profit margins - quarterly as well as TTM basis Some Negatives: Nothing negative as such. My Opinion: Numbers are fantastic. The recently results were higher both QoQ and YoY. The present market provides an excellent opportunity to accumulate this future multi-bagger. NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
BSE:ECORECO
by babutaaniket
1
Vedanta Ltd. - Demand ZonesNSE:VEDL is a global diversified natural resource company operating across segments which are Copper; Aluminium; Iron Ore; Power; Zinc, Lead and Silver; Oil and Gas, and Others. TTM EPS: 23.65 TTM PE: 8.84 P/B: 0.94 Mkt Cap (Rs. Cr.): 77,689 Dividend Yield: 48.56 Sector PE: 6.57 Book Value Per Share: 222.49 My Opinion: Vedanta, once soaring at an all-time high of 298, now faces a significant decline. The immediate demand zone lies between 175 and 150, where investors are eyeing a potential rebound. However, the next crucial support level stands at 122, serving as a critical turning point. As the stock navigates these challenging waters, investors must exercise caution and conduct thorough research before making decisions. Market sentiment and company fundamentals will play a crucial role in determining Vedanta's future trajectory. Keep a close watch, as opportunities may emerge amidst the volatility. Recommendated: I do recommend reading about Vedanta's Bond Repayment which is due in January 2024. Vedanta is still exploring the ways for the repayment. Also Moody's downgrade of Vedanta Resources' corporate family rating to Caa2 is a factor to consider before making any decision. Here I would like to reflect upon some learning aspects that can help in decision-making: Accumulating volume near a demand zone suggests that there is increasing buying interest and potential support for the stock in that price range. When traders and investors perceive a particular price range as a demand zone, they anticipate that the stock's price may find support and possibly reverse its downtrend. If the volume of trading activity is increasing within this demand zone, it indicates growing investor confidence in the stock's value at that price level. This can be seen as a positive sign, as it suggests that buyers are accumulating shares, possibly with the expectation of a price increase in the future. However, it's essential to consider other factors such as market sentiment, news, and overall market conditions before making investment decisions solely based on accumulating volume. NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
NSE:VEDL
by babutaaniket