GICRE - UPSIDE POTENTIAL OF 40%Hi All,
General Insurance Corporation of India - CMP (406)
Market Cap - 71309 Cr
Stock PE - 10.7
Book Value - 315
Promoter Holding - 85%
EPS - 38
As per the technical pattern on weekly timeframe, price action has formed Bullish Continuation Pattern and is currently trading at lower channel of the trend formation.
An upside of 40% is clearly visible over coming months which is the upper channel of the bullish pattern.
In the current week, price action has broken the horizontal resistance as well confirming the upside in near future.
Relative Strength has also turned positive on all major time frames.
As per fundamentals,
Stocks is still undervalued at PE of just 10.7 with sector PE of 17.
Healthy Dividend of 20.4%
CAGR growth of 24.1% over last 5 years
Hope everyone enjoys this trade!
Happy Trading,
Thanks,
Stock-n-Shine
Bullishmomentum
VISHNU - 1.5 Years Downtrend Breakout Vishnu Chemicals Ltd
1) Time Frame - Daily.
2) The Stock has been in a Downtrend since (September, 2022). Now It has given a Downtrend / Consolidation breakout & Closed with good volume & good bullish momentum candle in Daily Time Frame.
3) The next resistance would be it's Previous Life Time High (434 - 16.60% from the price 372.10).
4) Recommendation - Strong Buy .
EPACK - 5 Months Downtrend Breakout Epack Durable Ltd
1) Time Frame - Daily.
2) The Stock has been in a Downtrend since (January, 2024). Now It has given Downtrend breakout & Closed with good volume & good bullish momentum candle in Daily Time Frame.
3) The next resistance would be It's Previous Life Time High (224.50 - 8.90% from the price 206.10).
4) Recommendation - Strong Buy.
MAYURUNIQ - (14Y) Multi Year Breakout / All Time HighMayur Uniquoters Ltd
1) Time Frame - Weekly.
2) The Stock has been Consolidating since (August, 2014). Now It has given a multi year Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in weekly Time Frame.
3) The stock may find it's next resistance around the price (930 - 40.95% from the price 659.75) in the long term.
4) Recommendation - Strong Buy.
HOMEFIRST - 2.5 Years Consolidation Breakout / All Time HighHome First Finance Company India Ltd
1) Time Frame - Weekly.
2) The Stock has been Consolidating since (December, 2021). Now It has given Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in weekly Time Frame.
3) The stock may move towards the price (1570 - 46.40% from the price 1072.30) in the long term.
4) Recommendation - Strong Buy.
ASKAUTOLTD - 7 Months Consolidation BreakoutASK Automotive Ltd
1) Time Frame - Daily.
2) The Stock has been Consolidating since (November, 2023). Now It has given Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in Daily Time Frame.
3) The next resistance would be around the price (390 - 13.90% from the price 342.30).
4) Recommendation - Strong Buy.
WTICAB - 3 Months Consolidation Breakout Wise Travel India Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (March, 2024). Now It has given Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in Daily Time Frame.
3) The next resistance would be around the price (330 - 18.15% from the price 279.30).
4) Recommendation - Strong Buy.
SAREGAMA - 2.5 Years Downtrend Breakout Saregama India Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Downtrend since (January, 2022). Now It has given a Downtrend breakout & Closed with good bullish momentum candle & with good volume in weekly Time Frame.
3) The next resistance would be It's previous Life Time High (550.60 - 15% from the price 478.35). Also It may perform well in the long term (Stock is almost debt free with good fundamentals).
5) Recommendation - Strong Buy
CAMPUS ACTIVEWEAR LTD. Stock AnalysisTechnical Analysis Overview
Current Price: INR 288.95.
Moving Averages
Short-term (20-day), Mid-term (50-day), and Long-term (200-day) moving averages are all below the current stock price, confirming a bullish trend.
Alignment: The bullish alignment of the moving averages (short-term > mid-term > long-term) supports the continuation of the uptrend.
MAZDOCK - 10 Months Consolidation BreakoutMazagon Dock Shipbuilders Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (July, 2023). Now It has given a Consolidation breakout & Closed at it's All Time High with good bullish momentum candle & with good volume in weekly Time Frame.
3) The next resistance would be around the price (3375 - 22.40% from the price 2756.65).
5) Recommendation - Good Buy (Since the result is coming up, Plan accordingly)
CGPOWER - 4 Months Consolidation BreakoutCG Power & Industrial Solutions Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (November, 2023). Now It has given a Consolidation breakout & Closed above it's (November, 2023) High with good bullish momentum candle & with good volume in Weekly Time Frame.
3) The stock may find It's next resistance around the (price 620) in short term.
5) Recommendation - Since the market is quite weak Consider Buying it with tight Stop Loss.
FINPIPE - 8 Months Consolidation / All Time High BreakoutFinolex Industries Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (September, 2023). Now It has given a Consolidation breakout & Closed above it's Previous Life Time High with good bullish momentum candle & with huge volume in daily Time Frame.
3) The stock may find It's next resistance around the (price 300) in short term.
5) Recommendation - Strong Buy
Naukri (Infoedge) quick 10%The stock seems to be in Wave (v) of Wave 3 that is likely to culminate around 6680 which is also the 1.618 fib level and a resistance level from Nov 2021. This can be seen in the chart. If it corrects from 6660-6700 levels, it may find support at 5750-5650 levels before resuming its advance towards 9000. This is not a trade recommendation. Please do your own due diligence.
MOTILALOFS - 3 Months Consolidation / All Time High BreakoutMotilal Oswal Financial Services Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (January, 2024). Now It has given a Consolidation breakout & Closed above it's (January, 2024) Previous Life Time High with good bullish momentum candle & with huge volume in daily Time Frame.
3) The stock may find It's next resistance around the (price 2390) in short term
5) Recommendation - Strong Buy
BHARAT FORGE - Bullish Momentum with VolumesNSE: BHARATFORG is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
PURVANKARA - 3 Months Consolidation BreakoutPuravankara Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (January, 2024). Now It has given a Consolidation breakout & Closed above it's (January, 2024) High with good bullish momentum candle & with huge volume in daily Time Frame.
3) The stock may find It's next resistance around the (price 353) in short term
5) Recommendation - Strong Buy
BITCOIN movements upto Halving ZoneAs per Bitcoin 4-hr. chart Pattern,
its moving under Bullish Pattern with inner side bearish & bullish signals of $4k to $5k approx. bumpy rides under $71k to FWB:65K upto time frame of CRYPTOCAP:BTC #HalvingZone around 20-22 April 2024, afterwards Bitcoin goes towards a major correction cycle of 60-90 days as per daily cycle and then it will be make another Bullish Rides of this year upto $220k-$250k at per present scenario of bitcoin movements from mid of june.
Lets see, what's next pattern,
but, always #DYOR as well Trade wisely by using of #Stoploss.
&
LIKE COMMENT SHARE into our signal patterns too.
KOTAK MAHINDRA BANK - Bullish Momentum with VolumesNSE: KOTAKBANK is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NIFTY 4TH APRIL TRAP TRADING ANALYSISThe market (NIFTY50) is currently trading at 22416. However, it's important not to blindly follow the buy or call side under the yellow box, as it signifies a sideways zone. For the past two days, I've observed a sideways market with premiums not showing significant increases.
Here are the levels and analysis for the NIFTY Expiry on April 4th (TRAP TRADING):
Point 1: Avoid using the maximum amount in the Yellow zone, ranging from 22325 to 22500.
Point 2 (BULLISH): Consider going for the CALL side or bullish positions once the market crosses 22500. The targets will be:
Target 1: 22613
Target 2: 22650
Target 3: 22694
Point 3 (BEARISH): Go for the PUT side or bearish positions when the market crosses 22325. The targets will be:
Target 1: 22185
Target 2: 22150
Target 3: 22108
Note: Selling side momentum can be captured effectively as selling often yields better results than buying. However, it's crucial not to be biased towards any side. Wait for a level break and then align with the market. The market will consistently provide favorable outcomes, whether in terms of profit or learning.
SOLARA ACTIVE PHARMA - Bullish Momentum with VolumesNSE: SOLARA is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 9% to 15% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
IMFA - 2 Months Consolidation / All TIme High BreakoutIndian Metals & Ferro Alloys Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (February, 2024). Now It has given a Consolidation breakout & Closed above it's (January, 2024) High with good bullish momentum candle & with good volume in Weekly Time Frame - All Time High Closing .
3) The stock may find It's next resistance around the (price 805) in short term.
5) Recommendation - Good Buy
NBCC - Bullish Momentum with VolumesNSE: NBCC is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 18% to 28% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
DEEPAK NITRITE - Bullish Momentum with VolumesNSE: DEEPAKNTR is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade