Namaste! 1. Bajajfinsv looks good for a positional/swing trade. 2. Entry price and Stop Loss is marked on the chart. 3. This trading idea is only valid till next 4 trading sessions. If entry doesn't execute till then, it will be cancelled. 4. Target can either be booked at 3 times reward, or can be trailed at a low break of high breaking green candle. And be...
Namaste! 1. Zomato looks good for a positional/swing trade. 2. Entry price and Stop Loss is marked on the chart. 3. This trading idea is only valid till next trading session. If entry doesn't execute in next trading day, it will be cancelled. 4. Target can either be booked at 3 times reward, or can be trailed at a low break of high breaking green candle...
Namaste! 1) BCG is a very good mid-cap stock for investing, based on my analysis. It has average EPS of Rs 4.40 for the last 6 years. It also has corrected enough to look good to value investors. 2) It's intrinsic value (IV) is Rs 184, if India 10Y Treasury yield of 6.1% is considered. I personally use Sir Ben Graham's formulae, in which he has put 10 Year...
Namaste! You must have heard the words of great investor of all time. Mr. Warren Buffett once said, “The first rule of an investment is don't lose . And the second rule of an investment is don't forget the first rule." Losing money means, in simple terms means, selling at a loss . People get fearful and sell when the stock starts falling. There can be unlimited...
Namaste! I have selected another stock, which looks good to invest in. You must have wondering, why am I sharing only technology companies? Well, it is the sector which have fallen mostly. I don't like to buy at highs. I like to buy at correction, when there is fear, when the weak-hands get panic and selling it. That's what many of the great investors...
Namaste! RBL Bank has been fell hard, since the change of CEO, correcting about 90% from the all time highs. According to me, there can be 2 main reasons:- 1. The Market is wondering if the CEO is a idle choice. RBL Bank is a private sector bank, and CEO came from a Public Sector bank. 2. The market is also thinking if this could be next Yes Bank . But, this is a...
Namaste! India VIX is a volatility index based on the NIFTY Index Option prices. From the best bid-ask prices of NIFTY Options contracts, a volatility figure (%) is calculated which indicates the expected market volatility over the next 30 calendar days. In simple words, it tells us the % market is expecting Nifty to move (whether up or down) in the upcoming 30...
Namaste! I often wonder why do retail people and even institutions sell when the stock has been already fell. Why didn't they sell when the stock was rising? I follow a simple principal. Either sell it at a profit or don't sell. Anyways, In the weekly chart of the ultratech, you must have noticed the circles I've drawn. These circles represent the price as well...
Namaste! TCS has been one of the stocks which didn't corrected much in the "corona crash", dropping only similar to 30%. The main reasons for this stability was:- 1. IT sector still offered it's employees a work from home opportunity, so it's business didn't affected that much. 2. TCS is the biggest company in the IT sector today, and it's share price has been...
Namaste! Walt Disney is the biggest media company by market cap in the world. It has multiplied around 70 times (to date) since the IPO. Talking around the current scenario, it had acquired Marvel for 4 billion dollars a decade ago which made 18 billion dollars to Disney. The point here is that it is taking good management decisions to adapt to changing business...
Namaste! Redington India is a good mid-cap pick considering it's fundamentals, very consistent EPS, and after a good correction. It is a buy at current prices (Rs 126.55). The logic is simple, if a company with good fundamentals available at a discount, then it's a perfect opportunity to invest. Remember, never invest more than 10% of your capital in any...
NSE: ABFRL is closing with a bullish swing reversal 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...
As we can see despite the weakness BANKNIFTY didn’t sustain below our level and managed to recover closing above our level hence till our level is not breached below and sustained below! We are still bullish so plan your trades accordingly everyone
ANGEL ONE LTD- Looks strong on 1M and 1W chart - ready to go ATH
CARYSIL | Channel breakout ahead - Potential for 30-35% CMP : 670 (Dip : 635) SL : 600 Target : 900
ARE_M (Amararaja) | Looks good for reversal from channel support + Excellent valuation CMP : 655 SL : 600 Target : 980 1:5+ risk reward setup
As we can see BANKNIFTY remained sideways to volatile throughout the day as analysed in our previous post. We can see important demand zone beneath which is not allowing BANKNIFTY to fall further hence it could be a phase of accumulation and any breach of this zone could show a directional move so plan your trades accordingly everyone
NSE: RALLIS is closing with a bullish consolidation breakout 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...