#UPDATE on AB Money!!On previous post of AB Money I mentioned the advantage of early entry, and by that I meant this. Today the 5 year long Cup and Handle pattern formed in AB Money(Finally) and now can be the good time to take entry in the stock.
Pros. -
1. Nice pattern
2. Not magnificent but good volume
3. Other indicators are bullish
Cons. -
1. Overbought as per RSI
Enjoy.
Note- No Financial Advice. Just a prediction.
P.S. Early birds got ~10% extra.
Cupandhandlepattern
TataSteel - LongTata Steel has given a clear Cup and Handle breakout.
The breakout is supported by good volume as indicated in the chart.
In near term looks like it will reach 150.
CMP: 128
Target: 150
SL: 117
These are my views, please do your due delligence.
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TCS: 1.5 Year Cup Handle BreakoutTCS this week is trying to break out of a cup and handle pattern lasting 1.5 years. Volume and RSI is high this week. Coinciding with breakout in other tech stocks and CNXIT. Important it stays along with tech sector above the breakout level over next few weeks to sustain rally.
ARVINDARVIND:- Cup and handle pattern has formed on the monthly chart, if we get breakout then we can see movement to the upside
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
PUNJAB SIND BANK - PSB - 5Year Cup Handle BreakoutPUNJAB SIND BANK (PSB) is showing a 5 year Cup Handle Breakout with high RSI and good volumes. Obviously it is the week's first day and the weekly candle is still forming so look out for the candle close is important and the breakout should sustain over the next weeks. The PSU bank sector is also bullish now as many other banks are breaking out too.
Is CRISIL out of CRISIS ? Company has reduced debt.
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 30.4%
Company has been maintaining a healthy dividend payout of 67.2%
CRISIL Ltd is a globally diversified analytical Company providing ratings, research, risk and policy advisory services. CRISIL is India’s leading ratings agency and the foremost provider of high-end research to large banks and leading corporations.
Rites Ltd, Cup and Handle BO on DTFA cup and handle breakout is confirmwed on Daily chart of NSE:RITES . One can create a fresh position in the scrip near 445 or below level witg a stop loss of 420 and for target of Rs, 500/550 in near term.
Exit the position if the stop loss is triggered on WCB.
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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Is it time for COFORGE to SURGE ?Company has delivered good profit growth of 21.3% CAGR over last 5 years.
Company has been maintaining a healthy dividend payout of 40.5%
Company's working capital requirements have reduced from 29.2 days to 15.2 days.
DII bought more stake from FII and promoters. DII holding increased 5% last quarter.
Co. has an order book of US$ 720 Mn.
Coforge is an IT services company providing end-to-end software solutions and services.
It is among the top-20 Indian software exporters. Prominent global customers include British Airways, the ING group, SEI Investments, Sabre, and SITA. Over the years, Coforge has set up subsidiaries in the US, Singapore, Australia, UK, Germany and Thailand, mainly to market and mobilize projects for the software division. The company has business partnerships with large IT companies across the world.
Products & Services
The Co provides AI-based digital business assistants, deep learning, machine learning, multi-currency, multi-lingual, multi-channel experience, image recognition, RPA, NLP, and workflow automation.
During FY22, Coforge signed 11 large deals across our focus verticals and breadth of capabilities resulting in a total fresh order intake of $1.1 billion. This included a $105 million TCV contract in the BFS space and three $50 million plus contracts. Additionally, the company has made a few acquisitions in the recent past to increase revenue and enhance geographical and customer presence.
Moreover, Coforge became an AWS Travel and Hospitality Competency Partner and also announced a global partnership with Kong – a Gartner 2021 leader in Full Lifecycle API management. The firm also announced the extension of its partnership with Cisco AppDynamics, the leading full-stack, business-centric observability platform.