Earnings
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
Nifty is forming bearish Head and shoulders patternNifty is forming head and shoulders pattern and also looking weak on charts. Currently market is on sell on rise mode.
IT companies results will start from this week. Result are expected to be not so good.
We can see levels of
If it broke Neckline 19330 it will go down to
Target 1: 19230
Target 2: 19140
Best Fundamental Stock with high durability, Buy on levelPositional Trade For Next 2 - 3 Month, Return Upto 20 - 30%
Quess Corp Ltd.
Buy on level = 390 - 420 (Part Entry)
Target = 465-505 (For Next 2 - 3 Month), 550 (For 6 Month)
Fundamental view
Company with Low Debt
Book Value per Share Improving for last 2 years
Promoter Holding = 56.74, with Zero Pledge
Promoters have increased holdings from 51.90% to 56.74% in Mar 2023 qtr.
Potential Buy Zone on P/E basis
Current P/E = 27.7
Sector: Software & Services
The sector includes companies focused on maintaining, developing and providing internet services, software development, and IT services. Products developed include online databases, interactive services, programming, and system services.
BajajAuto lifetime breakout, strong quarter resultsWeekend Pick 1: Bajaj Auto
Fundamentals - Very strong, consistent on Sales, Profits, EPS, High Reserves Vs Debt Free.. Strong Quarter results, FII holding increased.
Technicals - Broken LTH, moving nicely in raising wedge, Above MAs, decent volumes
R1: 4660
R2: 4950
R3: 5270
SL: 3950
GLS Trend Reversal and strong quarter resultsGLS looks attractive
Fundamentals : Very Strong, Consistent of Sales, Profits, EPS, CASH rich Vs No Debt, very strong quarter results...
Technicals : Bullish, Trend Reversal.. Gave Trendline breakout and retested with good volumes, price above MAs..
R1: 575
R2: 635
R3: 720++
Mid-long term Avg between : 450-400
Short term SL : 440
How to trade possible short term setup on IndusInd bank ltd?How To trade ABC pattern formation on 30 Mins chart of IndusInd bank ltd
1. Price has formed ABC pattern on 30 mins chart (clearly marked as points ABC on chart).
2. A-B retracement is approx. 0.50% which is acceptable criteria for A-B retracement.
3. Marked fibonacci levels (0, 0.236 and 0.382) by using fibonacci tools on range B To C.
4. On this ABC setup, Price crossed 0.382 first time on 23rd march 2023 (marked the date on chart as well) and retraced back to 0.236 and 0.382 levels of fibonnaci and hovering around the same levels.
5. IMPORTANT: Wait for price to cross again 0.382 fibonacci levels , which is price as 1027 (also in chart marked as entry level) keeping stop loss of 1010 (which is below 0.236 fibonacci levels) for the target of 1073.65-1086.55 (which is Point B candle low and high price)
6. RSI divergence occurred as well and same has been marked on charts, which is good indication
7. On fundamental grounds: IndusInd Bank Ltd.’s Revenue was higher than average estimate 3 times in past 3 years.
Note for everyone who came across this study:
This is only for educational purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
"BSOFT" Trending UP NSE:BSOFT with stronger trend reversal. if it gains +ve on the next opening day.
Target 1 = INR 97.50
Target 2 = INR 101.55
Stop Loss = INR 93.65
The analysis is based on the Fibonacci numbers, MACD and other technical indicators involved.
Disclaimer : The following information is for educational and informational purposes only and should not be construed as financial advice or a recommendation to buy, sell or hold any stock or investment. Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume . However, the future performance of a stock or investment cannot be guaranteed based on technical analysis alone, and other factors, such as economic conditions and company fundamentals, should be considered when making investment decisions. Before making any investment decisions, please consult with a licensed financial advisor and conduct your own research to determine if an investment is suitable for your individual circumstances and risk tolerance. Past performance is not indicative of future results, and investing involves risk, including the possible loss of principal.{/i]
Will META fall againPrice fell almost 80% from its top. A simple reason for this fall could be a fall in earnings and profit margins. Net margins fell from 40% to 15%. That is a fall of 60%. Retained earnings fell from $85B to $67B, a fall of 20%. Total fall comes to 80%. I do not know if it is a coincidence or an actual reason. Assuming this is the reason. Stock recovered more than 50% from its low. It means the market is expecting a good quarterly result. If it falls to do so then we can see a fall in META stock again. Supporting the fact, 15% net margin is lowest in the margin cycle of META. In summary we should wait for results to get a fair price of stock.
Disclaimer
This is not financial advice. Sumanyu Aggarwal is not an expert.
All figures are just rough estimates.