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SENSEX presents a strong upward chart trend right nowThe current chart analysis for SENSEX presents a robust picture. There are no signs of a significant drop-off at this moment. However, in the event of a downturn, the next support zones are projected to be at 75074 and 74249. And major support zone is 72199. These figures could serve as critical benchmarks in case of a market correction. It's always important to monitor market trends and adjust investment strategies accordingly. Please note that this is a general analysis and individual investment decisions should be made based on personal financial situations and risk tolerance.
BSE:SENSEX
by joycryptoanalyst
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