Rajesh Exports - Long
Read the notes as mentioned on the chart. This is the best time to enter into the stock.
Time candle for Monday 2-5-24 12:35 PM.
Sell below and levels 353 344 334 325 316
Buy above and levels 355 358 362 372 382 392
Disclaimer: I am not a SEBI Registered Analyst, please consult your financial advisor before making any decision.
Let you grow. May! I follow you.
Contains IO script
US - Oll - Update
Please check the levels on the chart and act accordingly.
Time candles which will make waves on Monday are:
2-5-24 8:09 AM
2-5-24 12:35 PM (Pivotal)
2-5-24 5:01 PM
2-5-24 9:27 PM
2-6-24 1:53 AM
Buy only above high of pivotal candle and sell below it.
Disclaimer: I am not a Registered Analyst with any National or International Regulatory agenty. Please consult your financial advisor before making any decision. This is for educational purposes and I will not be responsible for any profits or lossed which may accrue to you.
Let you grow, May! I follow you.
Natural Gas - update for Monday
Please read notes as mentioned on the chart and act accordingly.
Disclaimer: I am not a regisered analyst with any National or International Agency. Please consult your financial advisor before making any decision. It is only for educational purposes and not a recommendation.
Let you grow, May! I follow you.
Rajesh Exports - Bullish
Please see the geometric description on the chart and corresponding notes and act accordingly.
Price levels have already been provided.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
UPL _ another view
The chart is very difficult to fit in the screen to show all the things, that is why I have compressed it to the extent possible. Please zoom it and see, hope the things will be clear.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
UPL - update
I am bullish on the stock, please read the instructions on the chart. Those already in, should not worry and hold.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Natural Gas - Live market coverage
Please refer to my earlier coverage on the commodity and read drawings on the chart itself, every thing will be crystal clear.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Natural Gas Live Market update
With 7:52 candle today which was pivotal , Natural Gas has made its base. Now it has a very strong support at 2.083, which is not likely to be broken.
Please remain invested unless this level is broken.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
UPL - Update
Please read the notes on chart carefully and act accordingly.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Natural Gas - Live Market update - Bullish
Natural Gas turned bullish this morning and is now heading for new levels to achieve.
Please read the notes as mentioned on the chart and stay invested accordingly.
Price levels have already been provided in the previous post. Today's time candles are as under:
2-1-24 6:34 AM
2-1-24 11:00 AM
2-1-24 3:26 PM
2-1-24 7:52 PM
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Unlocking Trading Insights: Global Health (MEDANTA)Global Health (MEDANTA) is currently at an exciting juncture, trading at 999 and situated in the daily Drop Base Rally (DBR) zone. This zone has proven historical significance, marking the origin of the all-time high and breaking through previous resistance levels. The stock's recent achievement of hitting an all-time high just three days ago further validates the strength of this zone.
📈 Key Analysis Points 🚀
The stock is in a robust uptrend, evident from the recent all-time high.
The DBR zone, where it is currently positioned, played a pivotal role in the stock's impressive rally.
Entry at 999 is strategic, aligning with the stock's historical breakout point.
A stop loss at 972 ensures risk management, protecting against unexpected downturns.
Targets should be set at least two times the risk, with potential for higher gains through trailing stops.
The price retracement to test the breakout with low volume signals a lack of selling pressure, presenting a compelling buying opportunity.
📊Fundamental Analysis for Investors:
Global Health, a major player in India's private healthcare, boasts a robust financial profile. With a market cap of INR 26,821.26 Cr. and a PE ratio of 65.60, the company's Price to Book Value stands at 10.11, slightly below the industry average.
Financially, it's impressive, showcasing a 58.3% CAGR in profit over 5 years. Despite a 11.3% return on equity over the past 3 years, the company maintains a healthy balance sheet, low leverage, and no significant debt. Strong liquidity indicators include a Cash Conversion Cycle of -57.82 days and a current ratio of 3.52.
Despite a commendable 36.83% profit growth in the past 3 years, a 10.00% revenue growth poses a challenge. Trading at a high PE of 83.61 and an elevated EV/EBITDA of 49.44 demands careful consideration. However, the company's debt-free status, positive quarterly results, and a substantial operating cash flow of Rs 644.52 Cr. position it for potential growth.
In shareholding, stability is evident with a decrease in promoter shareholding offset by rising FII and DII shareholding, indicating institutional confidence. The absence of pledged shares adds another layer of financial prudence.
🌐 Educational Reminder 🌐
This analysis is for educational purposes only and not intended as a trading or investment recommendation. I am not a SEBI registered analyst.
Lastly, thank you for your support, your likes, and comments! 🚀💹
Remember: "The market is a device for transferring money from the impatient to the patient."
Rajesh Exports - Buy above 350
Hello Friends
If you remember, I mentioned last fortnight stocks to buy Rajesh Exports, HDFC Bank, SBI Cards, PEL, UPL, Lux Industries. All of them rather fell. Try to understand the psychology of smart money, market was opening gap up and then going down regularly for the last fortnight especially from the 20th Jan 2023. It was just to go against the psychology of general retail trader of being bullish on the event and then snatching of stocks from retailers before pre budget rally. Market works like that only,
The character of market last week may change now and open flat and go up or gap up and then become bullish. Have patience and act only according to time candles which I will mentioned on daily basis. Today's most candle for entire Indian market is 1-29-24 12:02 PM. Buy above high of this candle and sell below low of this candle.
Rajesh Exports Sell below and levels 350 343 333 Buy above and levels 361 371 373 376 381 391 400 411
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
SBICARDS BULLISH HARMONIC BAT PATTERN PRZ 720 ZONESBI CARDS is an interesting chart with following
1. Bullish Harmonic BAT pattern under formation
2. PRZ near 715-740 zone
3. Confirmation hammer candle on weekly chart
4. Price Formed Bullish candles on two consecutive days on daily charts despite bad numbers
can be a good risk and reward for positional target of 873 with SL below 700 levels
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
PVR INOX BULLISH HARMONIC PATTERN PRZ NEAR 1420- 1400 ZONEPVR INOX is an interesting chart with following
1. Bullish Harmonic BAT pattern under formation with price reversal zone near 1420 zone
2. Bullish Diversion on RSI on daily chart
3. Price formed Doji on daily chart
4. 100 EMA support on Monthly chart near 1345
Can be a good risk reward with buy on dips and dips only near PRZ if a confirmation bullish candle is formed at least on daily / 4 hourly chart. However despite RSI below 40 on Daily/weekly charts, its a good stock to keep on redar for swing reversal
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
BAJAJ FINSERVE BULLISH HARMONIC BAT PRZ 1509-1564 ZONEBAJAJ FINSERVE is an interesting chart
1. Bullish Harmonic BAT pattern on daily chart
2. Weekly Support at 1564 which is 50 EMA weekly
3. Weekly trend line support at 1560
4. weekly Anchor support at 1509 levels
5. Positive Reverse Diversion on RSI on weekly chart (RSI made a new low but price made a new high )
6. One can look for buy on dips and dips with trailing stop losses for swing and positional targets as per one's own risk and reward matrix.
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
ASIAN PAINT - BULLISH HARMONIC PRZ 2800 -2730 ZONEAsian paint is one interesting stock with following
1. Price forming Bullish Harmonic BAT pattern on weekly chart
2. Pattern PRZ zone near 2810 - 2730 levels Subject to reversal confirmation at least on 4 hour/ daily chart
3. RSI on daily chart already below 20 (oversold zone)
4. 200 EMA support on weekly chart at 2780 levels
5. 50 EMA support on monthly chart at 2725 levels
6. Major Trendline support on weekly chart near 2870 levels {which may or may not sustain, so buy in minimum quantity if you find any reversal sign here}
7. Though RSI on weekly and daily is below 40 stock is bearish, and we need to wait for it to reach at point D and/or a reversal confirmation candle which confirms the PRZ zone, It is one of the option to keep on radar for positional and swing trade prospective
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NDGL - Weekly Chart Analysis, CMP-2515.95On a monthly timeframe it is sustaining above 1969-2365 (previous resistance zone) which is now acting as a support. A new HH was formed on the same timeframe and the price is consolidating thereafter.
On a weekly timeframe we see the range getting squeezed and no of consolidation weeks is coming down too. It is well sustaining above the 2365 levels for 9weeks now and 20% range.
2340-2365 shall act as support and weekly close below with a follow through will invalidate our view.
2964 - 3485 - 3689 - 4133 - 5784 - 6000 are the levels that can be tested over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
MANAKCOAT - Weekly Chart Analysis, CMP-34.95On the monthly chart the price was not able to sustain above 25 levels which we see now seems sustaining.
Probably coming our of small base of 8 weeks and 20.5% range it is well sailing above all its key moving averages with decent volumes. Quarterly sales are improving.
18-25 levels will now act as strong support and a weekly close below it with a follow through will invalidate our view.
42.5 - 62.55 will be the primary targets as these are the resistance above. After successful breakout of these levels 74 - 90 - 111 are the levels it can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
INTENTECH - Weekly Chart Analysis, CMP-125.35After breaking out of the downtrend it retested the resistance zone which acted as a support.
It seems coming out of the 1st base of 9weeks and 25% range and in confluence this is the 1st week which close above the highest monthly close that happened in 2017. The stock did not closed above this on monthly timeframe.
Volumes are good. It is sailing above all its key moving averages too.
96-110 shall act as good support now and a weekly close with a follow through will invalidate our views.
143 - 182 - 193 - 231 - 341 are the levels it can test over the long term if it manages to show strength and market conditions went well in the future.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.