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Gokul Agro-Volume breakout of ATHGokul agro has tested level of 150 multiple times in last couple of years. Stock has managed to break the level now with heavy volumes. Stock can be accumulated for big returns in future, more than 2x. Stock is available at decent valuations currently. However, stock comes under high risk category so safe investors should stay away. However, such breakouts normally bring explosive move in small cap stocks, given broader markets are supportive. Keep in watchlist for educational purposes.
NSE:GOKULAGROLong
by chartistamey
USDJPY: Bears have strong reasons to regain controlAs Yen traders return from a long weekend, the USDJPY is testing its recent dip from a five-week-old downward resistance line, influenced by a rebound in the US Dollar. It’s worth noting that the quote’s recovery in the last week benefited from positive signals from the RSI and MACD indicators, bouncing back from a nine-month horizontal support zone. Sellers keep the reins While USDJPY buyers are making their presence felt, a bearish RSI divergence and a moving average crossover, combined with the resistance line, keep sellers optimistic about potential downward moves. The 100-day Exponential Moving Average (EMA) has crossed below the 200-EMA, signaling a bearish trend. Additionally, the higher high on the indicator contrasts with the lower high in prices, reinforcing the bearish RSI divergence. Key technical levels to watch Sellers will gain confidence if USDJPY breaks below a seven-week horizontal support area around 141.70-80. However, the lows from December 2023 and September 2024 pose a challenge for bears at 140.20-139.60. If the pair drops below 139.60, it could test the mid-2023 low near 137.30. On the flip side, buyers will initially target the falling resistance line around 144.25. If successful, they may then aim for the monthly high and late August peak near 147.20 and 149.40, respectively. Additionally, the 150.00 level acts as an important barrier for any upward movement. Bulls face more challenges than bears Whether through technical signals or the differing monetary policies of the Bank of Japan (BoJ) and the US Federal Reserve (Fed), USDJPY sellers face a relatively smoother journey compared to buyers.
by MTradingGlobal
Aptus Value Housing Finance India Ltd. (Aptus) AnalysisFundamental Analysis: 1. Business Overview: Aptus Value Housing Finance is a fast-growing housing finance company catering primarily to the underserved markets in semi-urban and rural India. The company's focus is on affordable housing, providing home loans to self-employed and low-income individuals. Target Segment: Aptus focuses on first-time homebuyers, largely from the economically weaker sections and low-income groups, which helps tap into a growing market in India’s tier 2 and tier 3 cities. Loan Book: The company's loan book has been expanding steadily, driven by a focus on housing loans, which constitute over 50% of their portfolio. The rest comprises loans against property and small business loans. 2. Financial Performance: Revenue Growth: Aptus has shown robust revenue growth in recent years, driven by its expanding customer base and the rising demand for affordable housing. Net Interest Margin (NIM): Aptus has one of the best net interest margins (NIM) in the housing finance sector, supported by efficient cost management and a high-yield loan portfolio. Asset Quality: Aptus maintains strong asset quality, with a low non-performing asset (NPA) ratio. The company’s conservative approach to lending has helped in keeping bad loans under control. Return on Assets (ROA) and Return on Equity (ROE): Aptus boasts strong ROA and ROE ratios, making it attractive for investors seeking profitable companies in the housing finance sector. 3. Valuation: PE Ratio: Aptus trades at a relatively high PE ratio compared to some peers, reflecting strong investor confidence in the company’s growth prospects. Price to Book Value (P/BV): Its P/BV ratio suggests that the market expects high growth in the future, but it also hints at a premium valuation relative to some of its competitors. 4. Key Risks: Competition: Aptus operates in a highly competitive sector, with both banks and non-banking financial companies (NBFCs) vying for market share in the affordable housing space. Interest Rate Sensitivity: Rising interest rates could impact demand for housing loans, particularly in the lower-income segments. Economic Slowdown: Any slowdown in rural or semi-urban economies could impact the repayment capacity of borrowers, increasing the risk of higher NPAs. Technical Analysis: 1. Price Trends: Long-Term Trend: Aptus has been trading in an uptrend over the past year, showing strong performance since its IPO. The stock has consistently formed higher highs and higher lows, which are signs of a bullish market. Moving Averages: The stock is currently trading above both the 50-day and 200-day moving averages, indicating that the long-term trend remains positive. 2. Support and Resistance Levels: Support: Aptus has strong support around ₹270-280 levels, which has been tested multiple times and held firm, indicating strong buyer interest at those levels. Resistance: The stock is facing resistance near ₹380, where it has struggled to break through in recent weeks. 3. Indicators: Relative Strength Index (RSI): The RSI is currently around 60, indicating that the stock is in a moderately bullish zone but not yet overbought. This suggests there could be further room for an upside. MACD (Moving Average Convergence Divergence): The MACD is in positive territory, and the MACD line is above the signal line, further confirming bullish momentum. Bollinger Bands: The stock is trading near the upper Bollinger Band, which might indicate a short-term overbought condition, suggesting that a minor correction or consolidation could occur before the next leg up. Conclusion: Aptus Value Housing Finance presents a compelling investment opportunity for those looking at long-term growth in the affordable housing sector. Its strong fundamentals, including a growing loan book, solid margins, and healthy asset quality, make it an attractive player. However, its premium valuation and the competitive environment warrant cautious optimism. Technically, the stock is in a bullish phase, with strong support and room for potential upside, but investors should watch for resistance levels and any short-term pullbacks. Disclaimer: This analysis is for educational purposes and should not be considered investment advice. Always consult a financial advisor before making investment decisions.
NSE:APTUSLong
by Sanil1912
Devyani International Ltd. (DIL) Analysis: A Techno FundaFundamental Analysis: Devyani International Ltd. (DIL) is a leading player in the Indian food and beverage sector, operating well-known franchise brands such as Pizza Hut, KFC, and Costa Coffee. 1. Business Overview: DIL holds a strong portfolio with global QSR (Quick Service Restaurants) brands, leveraging its vast network across India and several international markets. Its franchise agreements provide the company access to world-class products and marketing strategies. This strategic positioning gives it a competitive edge in the growing QSR market. 2. Financial Performance: Revenue Growth: The company has shown consistent revenue growth over the past few years, driven by strong demand in the QSR space. FY23 reported solid sales, attributed to increased consumer spending post-pandemic and aggressive expansion strategies. Profitability: Operating margins have been improving, mainly due to cost optimizations and increasing average order values across delivery and dine-in. Debt Levels: DIL's debt has been manageable. The company focuses on reducing its debt-to-equity ratio, improving long-term financial health. Expansion Plans: The aggressive store addition strategy in both metro and tier-2/3 cities has expanded their market share, with over 1,200 stores across 27 states. Such growth potential is attractive for long-term investors. 3. Valuation: PE Ratio: The stock currently trades at a price-to-earnings (PE) ratio higher than the industry average, indicating investor confidence but also a need to deliver robust earnings in the future to justify its valuation. Earnings Per Share (EPS): EPS growth is promising, with strong potential for future earnings as the Indian QSR market expands. 4. Key Risks: Competition: Intense competition from domestic and international players could pressure margins. Inflation and Supply Chain Costs: Rising raw material prices could impact profitability. Franchise Risks: Dependence on franchising contracts for top brands makes it vulnerable to changes in agreement terms. Technical Analysis: 1. Price Trends: Long-Term Trend: The stock has been in an uptrend since its IPO, reflecting investor optimism. Moving Averages: The stock is trading above its 50-day and 200-day simple moving averages (SMA), indicating bullish momentum. Short-term pullbacks have been absorbed quickly by the market, suggesting strong support levels. 2. Support and Resistance Levels: Support: A key support level is found near ₹160, where the stock has historically bounced back. Resistance: A major resistance level is around ₹230, where the stock has faced selling pressure. 3. Indicators: Relative Strength Index (RSI): The RSI currently hovers around 60-65, signaling that the stock is not overbought but has some room for further upside. MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, further confirming the ongoing bullish momentum. Volume: The stock has shown increasing trading volume during upward moves, signaling strength in the trend. Conclusion: Devyani International Ltd. has strong fundamentals, backed by an aggressive expansion plan, solid revenue growth, and improving margins. Technically, the stock is in a bullish phase, but traders should watch for pullbacks near key resistance levels. For long-term investors, the stock's potential growth in the Indian QSR market makes it an attractive buy, but cautious monitoring of valuation and competition risks is essential. Disclaimer: This analysis is for educational purposes only. Always consult with a financial advisor before making any investment decisions.
NSE:DEVYANILong
by Sanil1912
Bitcoin: BTCUSD pierces 200-SMA, but buyers face challengesBitcoin (BTC) has climbed to its highest level in a month, crossing the important 200-day Simple Moving Average (SMA) early Monday. This rise continues a two-week upward trend, supported by a weaker US Dollar. However, traders are feeling cautious as they prepare for a big week ahead, which includes the preliminary PMIs for September, Federal Reserve (Fed) Chairman Jerome Powell’s speech and the Fed’s preferred inflation gauge. Bulls gain acceptance Despite hesitance due to upcoming data, Bitcoin buyers are gaining confidence after crossing the key moving average. Positive MACD signals, a strong RSI, and a successful rebound from a two-week rising support line are pushing back against bearish sentiment for the cryptocurrency pair. Key technical levels to watch As Bitcoin buyers gain strength, they must overcome a horizontal resistance zone around $65,100–$65,400. If they succeed, the next challenge will be a downward trend line from mid-March, currently near $68,500, before they can aim for the yearly high of about $73,800. Notably, the $70,000 and $72,000 levels will serve as additional hurdles. Conversely, sellers need to break below the 200-day moving average at around $63,900 to take control. However, they will face challenges at the rising support line near $61,000 and the psychological level of $60,000. If they manage to push lower, they might target $57,000 initially, followed by a monthly low of around $52,550. Poised for short-term strength With strong technical signals and a generally weaker US Dollar boosting trader confidence, Bitcoin (BTC) prices are expected to stay solid in the short term. However, a series of resistance levels may challenge the bulls along the way.
BITSTAMP:BTCUSD
by MTradingGlobal
Max Healthcare Institute Ltd - Breakout Setup, Move is ON...#MAXHEALTH trading above Resistance of 991 Next Resistance is at 1392 Support is at 721 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:MAXHEALTHLong
by MandeepSinghKohli
Bikaji Foods International Ltd - Breakout Setup, Move is ON...#BIKAJI trading above Resistance of 815 Next Resistance is at 1135 Support is at 686 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:BIKAJILong
by MandeepSinghKohli
PCBL Ltd - Breakout Setup, Move is ON...#PCBL trading above Resistance of 505 Next Resistance is at 588 Support is at 373 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:PCBLLong
by MandeepSinghKohli
Magadh Sugar & Energy - Breakout Setup, Move is ON...#MAGADSUGAR trading above Resistance of 939 Next Resistance is at 1280 Support is at 595 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:MAGADSUGARLong
by MandeepSinghKohli
Himadri Speciality Chemical Ltd - Breakout Setup, Move is ON...#HSCL trading above Resistance of 603 Next Resistance is at 786 Support is at 471 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:HSCLLong
by MandeepSinghKohli
PCBL Ltd - Breakout Setup, Move is ON...#PCBL trading above Resistance of 373 Next Resistance is at 505 Support is at 233 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:PCBLLong
by MandeepSinghKohli
Himadri Speciality Chemical Ltd - Breakout Setup, Move is ON...#HSCL trading above Resistance of 471 Next Resistance is at 603 Support is at 301 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:HSCLLong
by MandeepSinghKohli
HEROMOTOCO Mega Breakout AheadHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Formation of Rectangular box Pattern in Daily TF. * From Jun 2024 to Sep 2024 its in range. * From Jun 2024 to Sep 2024 Tested & Moving Resistance Many times. * It's Near resistance Zone and trying to Break Resistance Zone with good volume, good Closing Required. * Volume is Missing. What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:HEROMOTOCOLong
by ChartSight
1
LINC Breakout with a good upside potentialHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Formation of Ascending Triangle Pattern in Daily TF. * From Jan 2024 to Sep 2024 Tested & Moving Near Resistance Many times. * It's Near resistance Zone and trying to Break Resistance Zone with good volume good closing required. * Volume Accumulation (Volume is Rising). What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:LINCLong
by ChartSight
1
Gold: Pullback remains elusive beyond $2,570, US data, Fed eyedGold snaps three-day winning streak while retreating from an all-time high, marked the previous day, as traders await the US Retail Sales and monetary policy announcements from the Federal Reserve (Fed), scheduled for Tuesday and Wednesday respectively. In doing so, the precious metal eases from the 61.8% Fibonacci Extension (FE) of its July-September moves. Buyers remain optimist Gold’s recent dip comes as the RSI (14) moves back from the overbought zone and marked failure to break through the 61.8% Fibonacci Extension level on prices. Sellers are also eyeing a potential bear cross on the MACD. Despite this, gold remains above the two-month-old resistance line near $2,570, keeping buyers hopeful with dovish expectations from the Fed. Technical levels to watch For intraday sellers, the $2,570 level is key as it has turned into support. If gold continues to decline, the 50% and 38.6% Fibonacci Extension levels around $2,560 and $2,540 could be next obstacles. Below these, the bears might target the month-old resistance line and an upward trend line from early August, near $2,525 and $2,515, respectively. However, gold buyers will stay optimistic unless the price clearly falls below the 200-SMA level at $2,487. On the flip side, if gold breaks above recent peaks around $2,590, it could target the $2,600 level before approaching the 78.6% Fibonacci Extension at $2,610. If gold buyers push past $2,610, the focus will shift to the 100% Fibonacci Extension near $2,650 and then the $2,700 mark. Sellers need a strong motive to retake control Overall, gold remains bullish despite the recent pullback. For sellers to gain control, they would need not only a drop below the 200-SMA but also strong US data and a hawkish stance from the Fed.
OANDA:XAUUSD
by MTradingGlobal
Bitcoin: BTCUSD bulls take a breather as FOMC week beginsBitcoin (BTCUSD) has been under pressure for the third consecutive day as traders cautiously approach a crucial week. After briefly halting a two-week losing streak, Bitcoin is struggling once more as everyone eyes the Federal Open Market Committee’s (FOMC) September policy announcement set for Wednesday. Bitcoin buyers lack conviction Be it the repeated reversal from a seven-week-old descending resistance line or bearish MACD signals, Bitcoin (BTCUSD) sellers appear flexing muscles ahead of this week’s key US Federal Reserve (Fed) Interest Rate Decision. It’s worth noting, however, that a weeklong bullish trend channel joins a convergence of 50 and 100 Exponential Moving Average (EMA) to restrict the short-term downtrend of the top-tier cryptocurrency pair. Key technical levels to watch Firstly, a convergence of the key EMAs and the aforementioned bullish channel’s bottom line offers an important challenge to the BTCUSD sellers around the $58,350-200 zone. Following that, Bitcoin sellers can aim for an eight-day-old horizontal support surrounding $55,600. If the bears keep the reins past $55,600, the monthly of nearly $52,550 and the $50,000 threshold will be in the spotlight. On the upside, Bitcoin will first encounter resistance around $60,000 and a downward trend line near $60,300. A successful break above this could lead to testing the bullish channel's top line around $61,900 and the $62,000 mark. BTCUSD sellers to keep the reins Bitcoin sellers remain in control, with the cryptocurrency facing significant resistance and a long, uncertain path ahead.
BITSTAMP:BTCUSD
by MTradingGlobal
Bitcoin Looks Promising on Bullish SideBitcoin has made double bottom base at around 53000 price range. Also in weekly time frame, coin is in consolidation to negative pattern which shows a FLAG AND POLE pattern possibility. Other support is near to 40000 to 40600 price range. In Monthly Time Frame it is just showing profit booking. If price breaks above 64000 in weekly candle or sustains above 70000 (Safe Side+ breakout of flag and pole pattern) the price can reach to the levels given in chart. Follow for more such content. Disclaimer: Above is just my own opinion about the coin and is for educational purpose only.
by YogeshVerma1
3
Shilpa Medicare Limited - Breakout Setup, Move is ON...#SHILPAMED trading above Resistance of 819 Next Resistance is at 1068 Support is at 663 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SHILPAMEDLong
by MandeepSinghKohli
Supriya Lifescience Ltd - Breakout Setup, Move is ON...#SUPRIYA trading above Resistance of 601 Next Resistance is at 868 Support is at 437 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SUPRIYALong
by MandeepSinghKohli
2
Jubilant Pharmova Ltd - Breakout Setup, Move is ON...#JUBLPHARMA trading above Resistance of 1039 Next Resistance is at 1654 Support is at 780 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:JUBLPHARMALong
by MandeepSinghKohli