Economic Cycles
UNIONBANK LONGHigh Risk/Reward Ratio on UNION BANK OF INDIA Stock to go long here.
Exposure to Gitanjali Gems NPA has been blown out of proportion in relation to this stock. Time to be greedy when others are fearful. Getting behind this stock at these price levels which havent been since since early 2007 becomes a smart play.
STOCKS TO AVOID < 3 > (conditional ..levels of 75) better stocks of the same sector are available like { X , Y ,Z } , I would enter the stock only if it sustains above 75 ... !
Market cycle? Has the major correction started?!Details on the chart, it's very interesting.
Draw a triangle for the previous bull rally, copy & paste it on the current bull rally. It fits perfectly.
The previous bull rally from Feb 2014 to March 2015 took 393 days and NIFTY went up by 3185 points.
The recent bull rally from Dec 2016 to Jan 2018 took 399 days and NIFTY went up by 3277 points.
The correction after the previous bull rally took 362 days and NIFTY went down by 2293 points.
So based on the same logic, if the major correction has started, we should see NIFTY tat 9000 levels by Dec 2018?!
Just for study purpose!
Ganesh Housing - Monthly Breakout (Trending Up)It has been observed on the monthly chart that the price action is forming a higher high, higher low sequence indicating a strong breakout from a current resistance zone of 140-150 levels. It has a strong fundamentals to support the next move up.
T1- 170
T2-210
T3-300
SL -125
Puravankara - Undervalued Stock changing TrendIt has been observed that the price action dipped below the book value of the company, which is providing a good opportunity to buy as an undervalued company at discount of 20% from its book value. The price action dipped due to the recent down turn in the realestate market due to Government policy changes in recent year like Demonetization, GST and other. But the company still sustained their profitability and continues to generate sustainable profits with good control on debts.
Book Value: 101
P/E: 13.74
Debt to Equity: 0.86
Market Cap: 1900 Cr.
Resources: Screener.in
Short term view:
T1- 100
T2- 110
SL- 85
Long term View:
T1- 125
T2-150
SL-75