New Gen a low risk good reward setup.#Newgensoftware.
Looks promising.
- At trendline support.
- Good RR setup.
-Pull-back volume is low.
-Risk is 10%
❗️It is trading right below 50 DMA.
❗️Market is still sell on the rise.
Trade with limited quantity. Most of the setups are prone to failure in such market conditions. Add this to your WL and study.
The chart is shared only for educational purposes only.
Chart Patterns
Polizybazar broke out of a consolidation. Looks good positionall It just broke out of consolidation. Looks good positionally. If 1968 is broken then can add further or look for fresh entry.
The market is yet to give a clear indication of a reversal. So please trade carefully. The chart shared is only for educational purposes.
Risk: 12.4%
Reward: 24.6%
RR: 1:2
Wipro Ltd view for Intraday 11th Dec #WIPROWipro Ltd view for Intraday 11th Dec #WIPRO
Resistance 310 Watching above 311 for upside movement ...
Support area 305 Below 307 ignoring upside momentum for intraday
Support 305 Watching below 304 or downside movement ...
Resistance area 310Above 307 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
MUHURAT TRADING 2k24 - Stocks to Add in Portfolio Happy Diwali Traders !! Here's Diwali Muhurat trading picks for 2024
NSE:SARLAPOLY
Sarla Performance Fibers Ltd. engages in the manufacture and distribution of synthetic yarn. The firm also offers wind power generation. It operates through the Yarn and Generation of Wind Power segments. The company was founded on November 23, 1993 and is headquartered in Mumbai, India.
Technical View:-
On monthly chart it has given a strong breakout on good volume and completed a retest,
CMP @94 looks Good to enter for a follow up Move
Stop level should be below -50
Target levels are - 150,220,350+
NSE:GODREJAGRO
Godrej Agrovet Ltd. engages in the manufacturing and marketing of animal feeds. It operates through the business segments: Animal Feed, Crop Protection, Vegetable Oil, Dairy and Other Business. The Other Business segment includes, seed business, energy generation through windmill, real estate, poultry and cattle breeding businesses. The company was founded in 1992 and is headquartered in Mumbai, India.
Technical View:-
The monthly chart breakout is good and now forming a Retest Of the zone, you can take a Few quantities on muhurat day but more quantities should only be added on the confirmation of retest only.
CMP is 712.80 But for confirmation, we need a weekly candle close above 730 Zone.
StopLoss level is 480
Targets are 950,1150,1500+
Note:- Always Use proper Position sizing rules before entering in the trade.
Keep Learning,
Happy Trading,
Enjoy Festival.
Infosys Ltd view for Intraday 11th Dec #INFYInfosys Ltd view for Intraday 11th Dec #INFY
Resistance 1960 Watching above 1965 for upside movement ...
Support area 1930 Below 1935-1930 ignoring upside momentum for intraday
Support 1930 Watching below 1928 or downside movement ...
Resistance area 1960
Above 1950-1960 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Hammer Candlestick Pattern Seen at bottom in Axis BankHello everyone i hope you all will be doing good in your life and your trading as well. Today i have brought axis bank analysis which is has formed Hammer candlestick pattern at bottom of Important support zone, Axis Bank Limited is a private sector bank. It has the third-largest network of branches among private sector banks and an international presence through branches in DIFC (Dubai) and Singapore along with representative offices in Abu Dhabi, Sharjah, Dhaka and Dubai and an offshore banking unit in GIFT City
Market Leadership
- 3rd largest private sector bank in India
- 4th largest issuer of credit cards
- 19.8% market share in FY24
Branch Network
In FY24, Bank added 475 branches (125 in Q4FY24) to its network. At present, it has a total of 5377 branches, 16,026 ATMs and Cash recyclers. The region-wise breakup of branches is as follows:
Metro - 31%
Semi-urban - 29%
Urban - 23%
Rural - 17%
Loan Book
Retail loans account for 60% of bank's loan book and corporate 29% & SME loans 11%.
Retail Book
Home loans account for 28% of retail book, followed by rural loans (16%), LAP(11%), Auto loans(10%), personal loans(12%) , small business banking (10%), credit cards (7%), Comm Equipment (2%) & others (4%)
Market Share FY24
- Bank has 5.5% market share in assets, 5% in deposits & 5.9% in advances.
- 14% in credit cards circulation in India.
- 5.2% market share in personal loan.
- 4% RTGS, 30% NEFT, 38.9% IMPS Market share (by volume),20% Market share in BBPS.
- 11.4% Foreign LC Market Share.
- 8.4% market share of MSME credit.
Fundamental (Ratio) Analysis
- P/E ratio is 12.69
- P/E ratio is 12.69 which is lower than it's 5 years Average P/E 28.22
- D/E 1.46 has reduced as compared to last year's D/E 1.59
- ROCE is 14.16%
- ROCE 14.16% has increased as compared to last year's ROCE 9.26%
- ROE is 18.51%
- ROE 14.16% has increased as compared to last year's ROE 9.26%
- ROCE 14.16% is higher than 5 years ROCE average 9.19%
- ROE 18.51% is higher than 5 years ROE average 10.03%
- PEG ratio is 0.61
- Operating Profit Margin (EBITDA Margin) 8.82% has improved as compared to last year's OPM - 0.31%
- NPM is 23.4%
- Net Profit Margin (PAT Margin) 23.4% has improved as compared to last year's NPM 12.37%
- Annual Sales has grown by 28.94%
- Annual Profit has grown over by 143.91%
- 3 Years Sales CAGR is 20.96%
- 3 Years Profit CAGR is 142.38%
- Quarterly Sales has grown over by 15.26% YoY
- Quarterly Profit has grown over by 19.16% YoY
- Quarterly Profit has grown over by 14.87% QoQ
- DII have increased their stakes by 1.72% in the latest quarter (29.4% to 31.12%)
- Retail/Public have reduced their stakes by 0.91% in last 3 years
- Promoters + FIIs + DIIs hold 91.18% in the company
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Nifty 50 trade idea ,good fall and good reversal caughtNifty 50 opened gap down at 1 minute TF our indicator gave short signal and gave 240 points fall in NIFTY 50
then after few minutes at 11:00 it gave long signals and 400 points up move which is still going good without any indication of falling.
Advance database trading Advanced trading strategies usually involve multiple technical indicators and more complicated instruments, such as options and futures. Why Not Buy Before the Dividend and
Results show that migration to a MongoDB database would be most beneficial in terms of cost, storage space, and throughput. In addition, organisations wishing to take advantage of autoscaling and the maintenance power of the cloud should opt for a cloud native solution.
Bharati Airtel Ltd view for Intraday 13th Dec #BHARTIARTL
Bharati Airtel Ltd view for Intraday 13th Dec #BHARTIARTL
Resistance 1600 Watching above 1604 for upside movement...
Support area 1570 Below 1590 ignoring upside momentum for intraday
Support 1579 Watching below 1579 or downside movement...
Resistance area 1600
Above 1585 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ZOMATO view for Intraday 13th Dec ZOMATO view for Intraday 13th Dec
Resistance 300 Watching above 400 for upside movement...
Support area 250 Below 200 ignoring upside momentum for intraday
Support 300 Watching below 320 or downside movement...
Resistance area 270
Above 250 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ADANIGREEN view for Intraday 13th Dec ADANIGREEN view for Intraday 13th Dec
Resistance 1100 Watching above 1300 for upside movement...
Support area 1000 Below 1020 ignoring upside momentum for intraday
Support 1250 Watching below 1100 or downside movement...
Resistance area 1300
Above 1300 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
GOLD view for Intraday 13th Dec GOLD view for Intraday 13th Dec
Resistance 2600 Watching above 2600 for upside movement...
Support area 2200 Below 2200 ignoring upside momentum for intraday
Support 2300 Watching below 2400 or downside movement...
Resistance area 2650
Above 2700 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
BAJAJFINSV view for Intraday 13th Dec
BAJAJFINSV view for Intraday 13th Dec
Resistance 1600 Watching above 1602 for upside movement...
Support area 1570 Below 1585 ignoring upside momentum for intraday
Support 1570 Watching below 1569 or downside movement...
Resistance area 1600
Above 1585 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
AXISBANK Ltd view for Intraday 13th DecAXISBANK Ltd view for Intraday 13th Dec
Resistance 1150 Watching above 1155 for upside movement...
Support area 1100 Below 1150 ignoring upside momentum for intraday
Support 1170 Watching below 1200 or downside movement...
Resistance area 1250
Above 1100 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
HDFCBANK Ltd view for Intraday 13th DecHDFCBANK Ltd view for Intraday 13th Dec
Resistance 1900 Watching above 1901 for upside movement...
Support area 1770 Below 1790 ignoring upside momentum for intraday
Support 1779 Watching below 1779 or downside movement...
Resistance area 1600
Above 1785 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,