Earnings
Breakout Soon: Wipro "Wipro is showing strength after a solid Q2 performance, beating expectations! 🚀 Large deal booking is the highest in 10 quarters, and EBIT margin has expanded for the third consecutive quarter. The stock is up 4% today, and with this momentum, there's potential for further upside!
Stock is forming a triple top pattern, and once this key resistance breaks, it could present a strong buying opportunity! 📈 Keep an eye on it for a possible swing trade opportunity.
#Wipro #StocksToWatch #SwingTrade"
Looking bright- Andhra Paper Andhra Paper has commissioned a tissue-making unit from a Norwegian company.
The overall pulp and paper production at Rajamundary and Kadiyam has been enhanced and upgraded during the recent illegal strikes.
The new capacity on board shall contribute to an increase in revenue (top line), and the bottom line shall show a proportional increase once efficiencies start to materialise.
If the planned capital expenditure for tissue also works out as intended - based on sales - margins shall only improve, given that it is a fast-moving consumer good (FMCG) with a short shelf life.
Biocon - Channel Breakout - Long term investing idea Biocon
PE = 32 less than Industry PE
PBV also less than Industry PBV
PEG = 2.4
Low ROE, ROCE
Good sales and profit growth in last 5 years.
Last 1 year sales and profit growth are excellent - 48% sales growth, 83% profit growth
Stable promoter holding
QUESS Triangle Breakout 1WQuess Corp is trying to breakout from Symmetrical Triangle pattern on 1W timeframe. Volumes are currently high. Enter after bullish closing confirmation. Please follow your stop loss and target rules. It has also shown more than 100% yoy EPS growth for past 2 quarters and is currently trading at P/E of 35.
NSE:JETFREIGHT: Bullish Breakout with Significant Volume SupportSummary:
NSE:JETFREIGHT Jet Freight Logistics Ltd NSE:JETFREIGHT has recently exhibited a strong breakout following a period of consolidation, supported by robust trading volume. The company’s fundamentals show a mix of strengths and weaknesses, with notable performance in certain areas, making it an intriguing candidate for short-term trading opportunities.
Fundamentals: NSE:JETFREIGHT
High Shareholder Yield: Indicates strong returns to shareholders
Significant Return Over Last Week: Demonstrates recent positive momentum
Prominent Player: Well-established in the Air Freight & Logistics industry
Low Revenue Valuation Multiple: Suggests the stock may be undervalued compared to its revenue
Weak Gross Profit Margins: A potential concern for long-term profitability
Stock Behavior: Often moves in the opposite direction of the market, indicating unique trading patterns
Technical:
Strong Breakout: Indicates a bullish trend
Little Consolidation: Stock consolidated briefly, suggesting a base is forming
Breaking Out of Box: The stock is breaking out of a defined range, signaling potential further gains
Strong Volume: High trading volume supports the breakout, indicating strong investor interest
NSE:JETFREIGHT
Servcorp: Strong Fundamentals and Double Breakout PotentialServcorp Limited ASX:SRV has demonstrated strong financial health with a rising RSI and a significant breakout on the weekly chart. After a period of consolidation following the main breakout, the stock has formed a second breakpoint, indicating further upside potential.
Fundamentals:
Valuation Multiples: Trading at a low EBITDA and revenue valuation multiple
Dividend History : Maintained dividend payments for 25 consecutive years
Profitability: Profitable over the last twelve months
Balance Sheet: Holds short-term obligations that exceed liquid assets
Return: High return over the last year
Analyst Predictions: Expected to be profitable this year
Technical:
Rising RSI: Indicates strengthening momentum
Strong Weekly Breakout: A significant bullish signal
Second Breakpoint: After a mini consolidation following the main breakout, the stock is well-positioned for a stronger move
Consolidation: Previous consolidation suggests a potentially stronger move this time
ASX:SRV
Great opportunity 20% discounted price.The stock is undervalued here is why--
> Company's profit is growing on a fast phase while the stock is not growing that much
this results that stock is still underpriced. The stock is almost 20% down from its all
time high.
> The Central Electricity Authority (CEA) estimates India’s power requirement to grow to reach
817 GW by 2030.
> TATA POWER is the leading company in solar rooftop and 102 MW orders won in Q1 FY25
ELECTCAST pattern looks like a "Cup and Handle" formation.1. **Cup and Handle Pattern**:
- The pattern looks like a "Cup and Handle" formation. The cup is the rounded bottom, and the handle is the slight consolidation or pullback after the cup's high point. This is generally a bullish continuation pattern.
- The breakout from the handle typically signals a bullish move.
2. **Trend Channel**:
- The price is moving within an upward sloping channel, with the upper and lower bounds of the channel being parallel.
- The current price is near the upper resistance of this channel, indicating that if the price breaks out, it might see a strong upward movement.
3. **Price Target**:
- Based on the height of the cup, the projected price target after a breakout appears to be around ₹275, which is a 31% increase from the current level of ₹210.
- This target is drawn vertically from the breakout point of the handle to the top of the potential move.
4. **Volume**:
- There seems to be a slight increase in volume as the price moved up, supporting the bullish sentiment. However, the recent drop in volume could indicate a consolidation phase before the next big move.
- The highest volume bar appears to correspond to a significant upward move, which is a positive sign.
5. **RSI**:
- The RSI (Relative Strength Index) is around 57.75, which is in the neutral zone but slightly leaning towards the bullish side.
- It’s not overbought or oversold, indicating that there might still be room for the price to move up.
### Conclusion:
The chart suggests a potential bullish breakout from the cup and handle pattern, with a price target of around ₹275. However, the price is currently at the upper boundary of the trend channel, so it's crucial to watch for a confirmed breakout with increased volume. If the breakout occurs, the price could move towards the target, but if the resistance holds, there might be a pullback.
BALMER LAWRIE LOOKS GOOD FOR A SWINGBalmer Lawrie & Company Ltd is engaged in the business of Industrial Packaging, Greases & Lubricants with solid fundamentals listed below
ROCE 15.6 %
ROE 14.7 %
HIGHEST EVER PROFITS and SALES
TECHNICALS -
The stock in past has formed various small patterns and respected them very well majorly cup and handle and inverse head and shoulder which lead to an unprecedented rally in the stock however in the recent period the stock has been in consolidation phase lately and a small rounding bottom is being formed which can yield pretty decent returns in short term
TARGETS 1 -318
TARGET 2 - 406
28% IN 10-12 WEEKS OR LESS
DBRealty-A chance to have quick multibagger returns!DBRealty had given a multiyear monthly breakout and had given around 50% move already.
However, stock is now retesting the breakout and might come down in range of 150-180.
Safe traders can wait for a reversal pattern like morning star or bullish harami in this zone.
Such a monthly breakout had happened in Purvankara which doubled in 3 months
As realty sector is vastly outperforming, one can expect similar move from this stock as well.
which has also posted decent Q4 results.(Not trustworthy though)
Not a recommendation.
AISL - SME STOCK LONG BREAKOUT (SALES > MKTCAP) Hi All,
This idea is about ANI Integrated Services Ltd
Fundamentals
Mkt Cap - 134 Cr
Sales - 188 Cr
Mkt Cap /Sales - 0.72
EPS - 5.84
ROE - 11.4%
ROCE - 13.7%
D/E - 0.46
Sales has exceeded Mkt Cap which could mean Stock Price can rise exponentially
Technicals
Price has broken a long resistance of 75-80 levels and then broken next resistance zone as well. It has diverged a lot from Moving Averages so recommend buy at pull back
There has been a consistent uptrend in Sales which is a very positive sign
Happy Trading,
Thanks,
Stock-n-Shine
Strong Partnership And Technicals Will Boost The Stock Prices
✅ Tata Technologies is trading within a descending channel and nearing strong support levels around INR 980. A breakout above the upper resistance line at INR 1,040 could signal a trend reversal and a potential rally towards INR 1,200.
✅ Recently, Tata Technologies reported a net profit increase of 6.1% sequentially for Q3 FY24, reaching INR 170.2 crore. The company also secured four major automotive deals, including a $50 million contract, showcasing its strength in the automotive engineering sector.
NVDA likely will see $1,000 in my silly opinionYes it may seem a bit silly but hear me out. 7 stocks or so are leading the markets. We know what sectors they are.
I was banging the table for calls on NVDA at $400 lows in otc2024 and they even called me "NVDA boy"
Now we sit at $791 as I type this. So honestly... why wouldn't NVDA go to $1,000. Lol
I think NVDA will hit $1,000. Not financial advice. Just thoughts
GULF OIL LUBRICANTS FORMING INVERSE H&S PATTERNThe stock has been forming an inverse head and shoulder pattern since 2017 and price moved in a narrow sideway trend however at the same time the fundamentals of the company have jumped multifold , eventually price will meet value and as a result the long consolidation is coming to the end this stock literally has all the ticks for both fundamental and technical analyst
FIIs are increasing , PE is the lowest amongst its peers , PROFITABILITY and SALE have shown immense growth
1110-1084 was a curcial resistance for the stock which is breached leading stock to run till 1700 levels and futhermore from there onwards
NO MATTER WHO WINS. F&O STOCK WILL WIN.General elections in India are going on and they are expected to be the WORLD's COSTLIEST elections. DMK, a closely related political party to NSE:SUNTV is among the top spenders on Google Ads despite being limited to one state. Expecting a huge ad spend by parties on Sun TV channels across South India. Stock is ready for inverted H&S breakout. Results will be posted on 24th May and I think breakout may happen around that time. So this week will be exciting for this.