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Undervalued Small Banking Stock - Good For InvestmentCSB Bank previously known as Catholic Syrian Bank Ltd. Analysis - Has major income from retail group and well diversified business in terms of Income. NIM (Net Interest Margin) which is one of the major incomes of Bank is more than 5% not even major banks have this much, very few banks are able to keep it above 5%. If you see last 5-year profit growth is almost 50% highest among many banks. Whereas stock PE is less than Industry PE Technically - Stock is crossing out of August 2021Levels. CMP is 354. So, one can add from CMP to level of 330 as Weekly RSI is overbought. It might cooldown. above 358 more strong Targets - 375 is small hurdle if crossed than above that we may see Targets of 450/555 & we can keep SL of 300.
NSE:CSBBANKLong
by shahb4131
IDFC First Bank Shines with Excellent Q1 Performance.IDFC First Q1 Result. Impressive performance across the board! Deposits up 44% YoY, Advances up 25% YoY, Profits up 61% YoY. Net NPA down to 0.7% (Which is very good indication). ROA at 1.24% vs 0.97% YoY. QoQ net income down -731 Cr. vs 816 Cr. in Q4FY23, but excluding a one-off income of 180-200 cr. from the last quarter, results are still better on a QoQ basis. Why to Invest in IDFC first ? They are many reasons to invest in IDFC Bank, but trading in this company seems risky and tricky right now. However, if you are someone who believes in the narrative that for India to grow, the banking sector would have to follow the same path, then undervalued and growing banks will benefit the most. Stocks like IDFC First Bank are more likely to double their Market Cap. So, if you are a long-term and serious investor like me, this analysis will help you. Why to Avoid Trading ? Now, let's discuss why trading this stock is currently considerably risky. The stock is trading near 200% of its support level, following a special channel pattern known as a big-length rectangle pattern, which makes it riskier from a trading perspective. How to Invest ? We plan to take a longer position in this stock. As visible from the chart, the stock has tested its resistance on a weekly timeframe. As, we all know Q1 results are out, Earnings have been impressive, indicating a potential strong breakout with good volume. If that happens, we'll invest half of our money and wait for a retracement before putting in the rest. But, if the stock falls instead of breaking out, it'll be a great opportunity to invest, and in that case, we'll wait for a consolidation. Note- I am not a SEBI registered, Please consult to your Advisor before investing.
NSE:IDFCFIRSTBLong
by BullishLine
HINDUSTAN UNILEVER BREAKS DOWN AFTER POOR EARNING RESULTSTECHNICAL ANALYSIS : ASCENDING RECTANGLE BREAKDOWN - Price has broken down from the ascending rectangle pattern with confirmation VOLUME SPIKE - On 21st july, price has shown huge volume spike with the breakdown indicating strong downward momentum 50D SMA BREAKDOWN - Price has broken out of the 50D sma after consolidating above it for a long time making it a very strong resistance zone STRONG SUPPORT-RESISTANCE ZONE BREAKDOWN - A very strong support-resistance zone level has been broken down by the price which had earlier acted as either strong support level or strong resistance level multiple times OVERSOLD RSI - Cherry on the cake is that rsi is oversold indicating very strong momentum behind the breakdown FUNDAMENTAL ANALYSIS : EARNING MISS - On the jun'23 quarter HUL has missed its revenue forecast by ~2.5% & profit forecast by ~4% indicating poor performance by the company STIFF COMPETITION - The regional players who had left the market during peak inflation have returned as inflation subsides indicating even higher competition for company MUTED DEMAND - Company has said that the demand in rural areas has not yet picked up and consumers are still preferring unbranded alternatives compared to its Tea brand TP - 2700 SL - 2560
NSE:HINDUNILVRShort
by peace_lover
bajaj finserv educational post #bajaj finserv chart explained 1) The counter was trading in an uptrend 2)It witnessed a strong gap up opening on 4 july 2023 3) The Gap up was above the previous strong resistance zone as indicated by arrows 4)The retracement after strong move already done 5)5_ today it witnessed a strong upmove along with long build up with 3% rise in OI 6) current month option chain suggest shortcovering in Call side while short build on Put side which is bullish 7)its trading with an upward sloping trendline 8) its strongly following the regression channel trend with 97% precision 9)the counter is 14% away from all time hugh which is most likley to be tested in sessions to come
NSE:BAJAJFINSVLong
by pratik2358