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Diwali

TATA Steel Investing levelIn the context of the weekly timeframe, we observe a significant development: the breach of the 2021 trendline. Subsequently, the price has successfully undergone a retest, a crucial aspect in technical analysis. What adds to the bullish outlook is the presence of a bullish harami pattern at the bottom of this retest. A bullish harami pattern is a two-candlestick formation where a small candle with a bearish close is followed by a larger bullish candle. This pattern often indicates a potential reversal of the preceding downtrend, as the smaller bearish candle suggests hesitation or indecision, followed by a strong bullish move. Additionally, the Fibonacci retracement tool reinforces the positive sentiment by highlighting the 0.38 level as a significant support level. This convergence of multiple technical signals—trendline break, retest completion, bullish harami pattern, and Fibonacci confirmation—strengthens the argument for considering this juncture as a favorable entry point for a bullish position.
NSE:TATASTEELLong
by Anand_7
10th Nov ’23 - BankNifty PostMortem - Ascending channel drawnBankNifty Analysis The real reason why Nifty50 reversed course today - BANKNIFTY. Yesterday we discussed how it took out the swing high set on wednesday. You wont believe that we took out yesterday’s swing high today even after opening with deep cuts. In the opening minutes, we dropped to 43504 well below the first support of 43566. I really thought the support would yield, but it did not. By 10.10 we started climbing. BN took a rest at 13.00 after which there was a minor retracement. Then at 14.50 we got our 2nd leg of climb that went all the way up to 43908. It sure looked like Dhanteras/Diwali buying. On the 1hr TF, I have drawn an ascending channel with the first target to beat being 44063. I wish to go bullish above that, till then I will hold on to my non-directional bias. I will not be writing about Muhurat trading on Sunday, but will mention any anomaly in my Monday report.
NSE:BANKNIFTY
by viswaram
10th Nov ’23 - PostMortem Nifty50 - Diwali Buyers are here ?Nifty Analysis Recap from yesterday: “For tomorrow, I wish to maintain my neutral stance but wish to go short if 19310 gets broken. Somehow I feel the chances of a fall have a higher probability than a rise. If we are breaking 19446 tomorrow, then I would like to wait till 19562 gets broken to change my stance to bullish.” If you watched the opening 45 minutes today, you would have believed that the chances of breaking 19310 were pretty high. The intraday low was 19329, just 19pts away from our go-bearish target. The main reason we had a weak opening would be attributed to the weak handover from US markets yesterday. SPX closed at -0.8% yesterday. Our markets had other plans today, the LOD was hit in the opening candle itself and then we started climbing. We climbed all the way up to 19446 resistance level and got timed out. So what was this outperformance all about? I guess people are ready to empty their DIWALI wallets to buy new stocks. Except for the first candle, all other candles were in green and somehow gave the impression of strength. It really takes so much power to rally right from the support zone to the resistance zone, so what Nifty50 did today was amazing. For monday, I wish to continue with the neutral stance - but a slight bias to the bullish side after seeing today’s momentum. The first level to watch will be 19562 on the upside and 19310 downside. We have a Muhurat Trading session at 6pm on Sunday 12th November as part of Diwali festival. Usually, people buy stocks for the long term on this special occasion. By default it is a bullish activity because more people come with the intention to buy - but I personally have no bias as I dont buy stocks when its overvalued. All these days, I was looking at how overvalued our stock indices were compared to global peers when Karachi100 got my attention. The chart below will amaze and amuse you. From June 2022, Karachi100 is up 37.87% compared to Nifty +3.48%.
NSE:NIFTY
by viswaram
Good News Just Doesn't Stop Coming Out of IndiaOver the past few days, there has been a steady fall in Indian yields, largely due to fall in US yields and falling crude oil prices. The rupee has been stable for over a year now; it is this kind of predictability in the economyu that makes India an attractive investment destination vis-a-vis its peers. As we approach Mahurat Trading, we are crucial resistance levels but the fundamentals and technicals appear to be building up for a rally. No one can pre empt the markets, hence the indicator script linked below is useful. Whenever the current candle makes a lower low than the previous candle, it gets trigerred and buys. That way we keep buying on lows and pulling the average cost down.
NSE:NIFTY
by MBIPL
10/11/2021 Research Report For UBLDisclaimer: I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time. Buy at C.M.P (Current Market Price) to maximum 1790 Target 1: 1840
NSE:UBLLong
by india_market
My simple way of growing capital base leading to Wealth creationThis is how I grow my capital base leading to wealth creation Note: This post is meant specifically for retail traders and or investors like me who may not have or may not have and or deploy a significant part or entire capital to the stock market. So please read the post with this in mind. I am sharing my way of doing things or what I would do to better manage my available capital and progressively grow and eventually compound it. One of the better ways to manage gains and compound wealth is to invest gains made back into the markets in the shares of companies that have growth potential and or offer good dividend yield. Sometimes such companies are also known as those that belong to the Sunrise sectors. This may not be entirely applicable to those who trade for a living. For example, I have of late been investing my gains in the following: Burger King Westlife Development EI Hotels Zomato IRCTC Idea and would like to add: NTPC Powergrid BPCL REC Ltd PFC Ltd Pidilite Jubilant Food Dmart And there could be many more to the list. Some of the above are trading around good price levels so even more attractive than others. There may be several more names but my gains are not infinite at the moment and I "trade for a living" in reality so I have to first take care of my monthly outgoings and then the remainder gains are only eligible for reinvestment. This sounds very easy but it is not so as one can never say that trade may always go in the intended direction right from the word go. It is quite possible that the trade may hit my SL and then go in the intended direction and I may not be on board. These uncertainties are part of the life of a trader whereas an investor may be able to wait for the price to rebound or may have spare funds to deploy at lower levels. If you believe that you like this approach, you may follow these names or find the ones that you feel may be the future leaders! --- Another approach that I prefer to follow is to do content-based trading --- where there you need to identify a scrip in which you would like to invest. Preferably for positional or long term. Plan trades such that you can buy at least 1 share of the chosen scrip once the share price moves in your direction. This will help you track the share in a better manner and add the quantity that you are comfortable with as soon as the price starts going up. For this to be successful, the share price should ideally be between 200-500 and the daily movement or the volatility should be good enough for the prices to generate a modest to decent return in INR terms. This is meant specifically for traders/investors with low capital or low-risk appetite. I got this idea last year when going was extremely hard for many of my friends and acquaintances. Several of them asked me to help them find a job - when there were no jobs, the only thing that I could suggest was this and I taught them how with the help of technical analysis, one can attempt to make two ends meet and put food on the table for the family. I had at that time guided them to follow the above approach with very limited capital deployed. This helped many to fund the weekly needs without taking on too much stress on the head and in the heart. I was very satisfied that my thoughts and suggestions were effectively put to use by many of them and they were able to relieve their family members of worries and anxieties as well. On the auspicious day of Diwali and the New Samvat Year, I thought of sharing the above-mentioned thoughts that I and a few others have put into action. I wish you and your loved ones brighter and sparkling times ahead! 🙏🙏 Umesh 5-11-21
NSE:BAJFINANCELong
by AVENUESOFINVESTMENT
Swing Trading Opportunities for the week beginning 01-11-21SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 01-11-21 INTENT I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan. ON MY WATCHLIST FOR THE COMING WEEK This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 17671 Britannia BPCL Cipla Divis Labs Hero Motors Infosys Maruti Nestle Shree Cements Ultra Tech ACC Apollo Hospitals Bank Baroda CGCL HAL India Cement IRCTC Lupin McDowell Metropolis Naukri OFSS PEL Pidilite Raymond Safari Salora Sanofi Varun Beverages Voltamp IGL NAM India SECTORS LOOKING GOOD FOR LONG POSITIONS- Auto Consumption CPSE IT MNC Next 50 Private Bank PSE Now that Nifty has breached 18000 on the downside, there are newer opportunities that are coming up. This is a good sign, however, the coming week is going to be a truncated week with only 3 sessions and a Mihirat Trading session taking place. Thus, a clearer picture would emerge only on 8 Nov 21 based on where the market ends. This also means that maybe some of the existing opportunities may not be available at that time. It is up to the trader/investor to make a decision about the same. I am going to be cautious and would wait till Nifty ends above 18000 as until then we may keep witnessing high volatility and big swings. Ideally, the best candidate would be the one that features in both lists. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. Here is the Video Link: Thank you for your time and Happy Learning, 31-10--21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:NAM_INDIA
by AVENUESOFINVESTMENT
LT | Mahurat Trading investment |100% Profit | In DETAIL 👍🎯L&T Shares Fundamental Analysis The company’s shares have 52 weeks high of INR 1607 and have a market capitalisation of INR 1.09 trillion which makes it a Large-Cap company. 1.Economic Moat The company has a history of over 80 years of engineering excellence and operates in 9 business verticals. L&T Group comprises of 93+ subsidiaries, 8+ associates, 34+ joint-venture and 33+ joint operations companies. 2. Business Model and Management The main business verticals include Building and factories, transportation and infrastructure, Civil Engineering, Power, Defence, Electrical and Automation. The subsidiaries are involved in some non-core businesses like IT services, Realty, Machinery, Financial services etc. & order inflow of INR 1286 billion in the first three quarters of FY 2020 3. Growth Ratios The revenue has seen a growth of 12.3% CAGR over the last 10 years. The operating income and net income has also increased by 6.5% CAGR and 5.3% CAGR respectively. 4. Profitability Ratios The gross margin has remained flat over the years which indicates that the company is able to pass down the inflation-related costs to its customers. 5. Cash Flow Ratios the company has a moderate cash position. 6.Liquidity and Solvency Ratios the financial leverage has been increasing but the debt to equity ratio has flattened. This indicates that the company’s assets are valued at higher levels which is the general case with the industry as new projects are undertaken and progress is made. The current ratio has remained flat and the quick ratio has also been stable over the years. This indicates good liquidity and solvency position for the company. 7. Efficiency Ratios good management of cash by the company even with an increased scale of operations. 8. Valuation Ratios L&T, however, still has solid fundamentals and an order book which is almost 3 times its annual revenue. Hence the company can be said to be trading at attractive multiples for long term investing. 9. ROE 5 way Du Pont Analysis The asset turnover has remained stable and the tax efficiency has improved. Overall the company has shown an increased return on equity along with a flat debt to equity ratio. 10.Future Prospects The company witnessed a strong international order inflow of INR 416 billion (+2%YoY). The domestic orders declined by 20% YoY, whereas international business grew by 64% YoY to INR 179 billion. International orders contributed 43% of total order inflow for the 3rd quarter of 2020 just before the COVID-19 pandemic. Guys check out the related ideas as well, it will work really well guaranteed ! FOLLOW for more ! LIKE if think is useful ! COMMENT Below your view !
NSE:LTLong
by ReviveTraders
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