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COFORGE moving into supply zone short termStock has rallied good in the recent month and started making zigzag zone and at the same time struggled to make a higher high indicating signs of weakness , the rising wedge and a rounding bottom within it supplementing the weakness bias . Momentum indicators signalling diversion and not much market participation ( possible signs of distribution during the zig zag move ) Time cycle is fresh and a breach down here could trigger inversion , keep a watch on this counter for short term weakness at the break of recent support zone (highlighted in amber) Note : Slight thought, it could loiter around for a while or possibly make weak upmove a bit before breaching the support zone
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NSE:COFORGEShort
by srinivasbusy
4
KIRLOSKAR BROTHERS ANALYSISFOR LEARNING PURPOSE KIRLOSKAR BROTHERS- I am going to buy this stock because of the reasons as follows- 1. Its coming out from a good consolidation 2. The breakout candle is good with great volume 3. It is showing better relative strength 4. The risk and reward is favourable 5. It is at fair valuation plus has healthy long term growth 6. Coming out from Stage 2b so it has more upside chances I am going to buy this on Monday with minimum target of 35-40% and then will trail after that. My SL is at 918.60 rupees I will be managing my risk.
Editors' picks
NSE:KIRLOSBROSLong
by Its_Bhushan
4
Trade/Investment Idea In ICICIPRULIFE (on Weekly Chart)STRENGTHS: Strong Momentum: Price above short, medium and long term moving averages Company with Low Debt Company with Zero Promoter Pledge Near 52 Week High WEAKNESS: Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years Declining Net Cash Flow : Companies not able to generate net cash. OPPORTUNITY: Decrease in Provision in recent results THREATS: Companies with growing costs YoY for long term projects High PE (PE > 40) Promoter decreasing their shareholding Quick Results Snapshot: H1FY24 Bi-Annual Result Announced for ICICI Prudential Life Insurance Company Ltd. ICICI Prudential Life Insurance Company announced H1FY24 results: ICICI Prudential Life Insurance has registered a 27% growth in its Profit after Tax (PAT) to Rs 4.51 billion for H1FY24 The Value of New Business (VNB) stood at Rs 10.15 billion with a VNB margin of 28.8% for H1FY24 The total Annualised Premium Equivalent (APE) for the Company stood at Rs 35.23 billion, with minimal concentration risk from any single distribution channel. In H1FY24, the retail protection business segment APE grew by 73.7% YoY, resulting in a protection mix of 20.8% of overall APE. The Company’s retail New Business Sum Assured (NBSA) grew by 52% YoY to Rs 1.1 trillion in H1FY24. The total NBSA stood at Rs 4.9 trillion in H1FY24. The 13th-month persistency ratio improved by 100 bps to 86.9% for H1FY24. The 49th month persistency ratio, improved by 220 bps to 65.8% for H1FY24. The Assets Under Management (AUM) grew by 11.3% YoY to Rs 2.7 trillion on September 30, 2023. Anup Bagchi, MD & CEO, ICICI Prudential Life Insurance said, “We serve a crucial societal need of providing financial security to millions of families by helping them achieve their protection, retirement, health, and long-term savings goals. In H1FY24, our VNB stood at Rs 10.15 billion, with a margin of 28.8%, while PAT grew 27% year-on-year to Rs 4.51 billion. We are focused on growing the absolute VNB with the help of our 4D framework comprising Data analytics, Diversified propositions, Digitalisation, and Depth in Partnerships, to develop quality business in a risk-calibrated manner. The retail protection business, which faced supply-side challenges in the past has come back on track. The retail protection APE registered a strong YoY growth of 73.7%, resulting in a total protection APE of Rs 7.34 billion in H1FY24. We believe protection, given the under-penetration in the country, presents a significant growth opportunity for us. Persistency is the most effective indicator of the quality of sales and customer experience. Our 13th and 49th-month persistency ratios in September improved by 100 bps to 86.9% and 220 bps to 65.8% respectively. The customer’s continued trust in us is reflected in the improvement in persistency ratios across all cohorts. We recently launched the first-of-its-kind ‘ICICI Pru Stack’, a set of platform capabilities encompassing digital tools and analytical abilities. We believe the key to market expansion is in getting the customer-product-channel equation correct – the right product to the right customer at the right price through the right channel. The ICICI Pru Stack has facilitated customer segmentation, enabling us to extend ‘Term By Invite’ and ‘Insurance By Invite’ offers to customers, besides providing them with an end-to-end digital fulfillment journey from buying to claim settlement. The Stack has enabled the Company to issue ~20% of the policies on the same day for the savings line of business.” SHAREHOLDINGS: Icici Bank Limited PROMOTER 51.2 % Prudential Corporation Holdings Limited PROMOTER 22.1 % Camas Investments Pte. Ltd. FII 1.8 % Government Of Singapore FII 1.6 % Compassvale Investments Pte. Ltd. PUBLIC 2.0 % Sbi Arbitrage Opportunities Fund DI 2.0 % Icici Prudential S&P Bse 500 Etf DII 1.0% Thats all for now. N.B : I wanted to emphasize that the views I express are strictly personal and should not be construed as advice. It is crucial to consult with your financial advisor before making any trades or investment decisions. The complexity and unpredictability of financial markets underscore the importance of seeking professional guidance tailored to your individual financial circumstances and goals.
Editors' picks
NSE:ICICIPRULILong
by Subhrajit006
4
Momentum swing idea|Vidhi Specialty Food Ingredients LtdVidhi Specialty Food Ingredients Ltd Vidhi Specialty Food Ingredients Limited, incorporated in 1994, is a leading manufacturer of Superior Synthetic and Natural Food Grade Colours. The company is Asia’s 2nd largest food colour manufacture Fundamental :Strong Market Cap ₹ 2,367 Cr. Current Price ₹ 474 Stock P/E 67.9 ROCE 17.6 % ROE 16.2 % Debt to equity 0.15 Promoter holding 64.3 % Quick ratio 2.08 Current ratio 3.00 Piotroski score 6.00 Profit Var 3Yrs 3.57 % Sales growth 3Years 21.6 % Return on assets 11.1 % This stock is already in momentum zone also look at reversal up move momentum. if its continue we have to keep watch it closely. although food colour business is in trend since long time. keep in radar. Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like boost and follow me for more ideas. Thanks and comment freely
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BSE:VIDHIINGLong
by Momentuminvesting5540
2
XTZ Breaking Out! Bullish Momentum Building 🚀💎 XTZ has recently broken out of a resistive trendline and formed an inverse head and shoulders pattern, accompanied by CHoCH and BOS signals, indicating a shift towards a bullish market structure. These developments increase the probability of a bullish move for XTZ. 💎If XTZUSDT manages to break above the neckline and resistant levels of the inverse head and shoulders pattern, we can anticipate further upward movement towards the next resistant levels. In the event of a pullback, we can anticipate a bounce from the bullish OB area. However, it's important to confirm such moves with bullish candlestick patterns. 💎On the other hand, if the price breaks down below the bullish OB level, it would be considered bearish. In such a scenario, it would be prudent to wait for better price action confirmation before making any trading decisions.
Editors' picks
by MyCryptoParadise_Nathan
7
Pepe Coin: The New Meme Coin Sensation of 2024Pepe coin, a meme coin that’s quickly becoming a legend in its own right, has astonishingly reached the 3B market cap mark, positioning itself as the 3rd meme coin ever to achieve such a feat. This remarkable achievement comes after a staggering 400% gain in just the last week. 🔥 Currently, it stands proudly at the 40th rank by market cap and an impressive 9th rank by volume in the last 24 hours . Let’s take a closer look at Pepe coin and see why everyone’s talking about it. 👇 ✅ Pepe’s Market Performance: A Quick Overview The buzz around Pepe coin is palpable, and it’s already being hailed as one of the top meme coins of this cycle. And guess what? The real euphoria hasn’t even kicked in yet. 🔥 Pepe is coming out of the long-term accumulation range, and with the crypto market starting a new bull cycle, the momentum is going to accelerate soon. The current candles’ range and the volumes are a testament to the underlying strength. ✅ Comparative Analysis: Pepe vs. Doge ⚡️ Structural Similarities between PEPE and DOGE If we place Pepe and Doge alongside, it’s like looking at two sides of the same coin . The market structures and fractals of Doge from 2020 to 2021 bear a striking resemblance to Pepe’s current trajectory. And what do the market gods say about history? It is often similar and repeats itself! 👀 At the moment, it looks like Pepe is right at the same stage as Doge was in 2021 , when it started it’s monster rally. The momentum building up around Pepe suggests we’re just at the beginning of what could be an exhilarating euphoric phase. ⚡️ Relative Performance of PEPE and DOGE Since there’s no symbol for PEPEDOGE, we can make a ratio chart by dividing PEPE by DOGE to make a custom symbol. Looking at the chart, Pepe has significantly outperformed Doge by over 300%. I’ve used the latest swing as a reference because it’s the most relevant point in the current scenario, as meme coins have been rallying from that point onwards. ✅ Broader Market Context ⚡️ Relative Performance of DOGE and BITCOIN We’re examining this chart to grasp how the market context is evolving. Doge has consistently been lagging behind BTC for a couple of years . Both its price and momentum are at historic lows. However, there are early indicators suggesting a reversal and a change in trend. This implies that once the alt season kicks in, Doge will gain momentum and surpass Bitcoin. This context is crucial because it sets the stage for Pepe’s performance, suggesting that its lead over Doge could extend throughout this market cycle. ⚡️ Relative Performance of PEPE and BITCOIN Despite Bitcoin’s dominance, Pepe has been making waves, outperforming the crypto giant and hinting at the immense potential it holds for the upcoming alt season. This strengthens the fact that once the market-wide alt rally begins, Pepe can outperform others by a huge margin. Conclusion Pepe coin’s journey is a fascinating tale of unexpected triumphs and the unpredictable nature of meme coins. Its rapid ascent to a SEED_TVCODER77_ETHBTCDATA:3B market cap and its standout performance in the market are clear indicators of its potential to climb even higher, possibly reaching the $50B mark or beyond. While the crypto market is known for its volatility and surprises, Pepe coin’s current trajectory suggests that it’s on its way to becoming one of the top 10 coins in this cycle. The excitement around Pepe is undeniable, and for those of us watching, participating, or just cheering from the sidelines, it’s a reminder of the thrilling unpredictability that draws us to cryptocurrencies. Thanks for reading. Hope you found it useful. Let me know your thoughts in the comments. Cheers! Disclaimer: This post should NOT be construed as investment advice and is meant for learning purposes only. Please consult your financial advisor before making any investments.
Editors' picks
Long
by johntradingwick
5
Ayurvedic Balm making stock has given Triangle pattern BreakoutHello everyone, i hope you all will be doing good in your life and your trading as well. I have brought a stock which has given breakout of Triangle pattern on weekly time frame, price is sustaining above 50 EMA since 3 weeks, MACD Has also given bullish crossover. There is higher probability we can see upside momentum in near term. Good thing about this stock is this is still trading at discount price, earlier it was trading almost at 50% discount, but recently it has given some upside momentum, still it's on discount around 40%. About company:- AHCL has been manufacturing ayurvedic balm for pain management since 1893, and is currently managed by the third-generation of promoters. The company is more than 120 years old and is into OTC products in the segments of pain management, women's hygiene, and packaged fruit juice drink. KEY POINTS High Market Share in Modern Trade Amrutanjan has maintained the No. 1 rank in Modern Trade in Head Category with the volume market share of 41.1%* in CY19. Product Portfolio The Co. offers a wide range of products in categories like pain management, congestion management, women’s hygiene, beverages, etc. Revenue Mix FY22 OTC Products - 92% Beverages - 8% Geographical Split FY22 Domestic - 98% Export - 2% Manufacturing Capabilities The Co. has 3 manufacturing units: 2 for its OTC products and 1 for beverages. It has a production capacity of 1,600 MT in the OTC manufacturing units. It is in the process of upgrading its beverage plant with state-of-the-art machinery. Entry into Oral Care Segment The Co. entered the oral care segment with Stop Pain Dental Gel to offer instant relief from tooth pain and swollen gums. Launch of Comfy Sanitary Napkins Amrutanjan entered the women's hygiene segment in FY14, and has scaled it up to a Rs. 50 cr - Rs. 100 Cr business in FY22. Distribution Network AHCL’s pain management products are available in ~12 lakh outlets across the country as of Q4 FY22. Comfy’s distribution has reached 3.5 lakh outlets. The Co. has invested in ‘Project M5K’ with the key objective to onboard 5,000 distributors, super stockists, and sub stockists. In FY22, the Company added around 150 super stockists and 1,200 sub-stockists to reach towns/ villages with fewer populations. Strategic Focus The Co. continues to focus on expanding distribution, enhancing global footprint, growing its E-Commerce vertical, and controlling costs. Market Cap ₹ 1,990 Cr. Current Price ₹ 681 High / Low ₹ 775 / 553 Stock P/E 45.2 Book Value ₹ 89.6 Dividend Yield 0.67 % ROCE 19.3 % ROE 14.3 % Face Value ₹ 1.00 Industry PE 31.9 Debt ₹ 0.66 Cr. EPS ₹ 15.1 Promoter holding 50.6 % Intrinsic Value ₹ 337 Pledged percentage 0.00 % EVEBITDA 30.0 Change in Prom Hold 0.00 % Profit Var 5Yrs 16.2 % Sales growth 5Years 11.5 % Return over 5years 16.4 % Debt to equity 0.00 Net profit ₹ 44.0 Cr. ROE 5Yr 21.9 % Profit growth 5.16 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
Editors' picks
NSE:AMRUTANJANLong
by TraderRahulPal
2
Jamna Auto Industries: Breakout of the Year 🚀Greetings traders! 👋 Today, I'm excited to share my analysis on Jamna Auto Industries #JAMNAAUTO has broken its previous high with significant volume, indicating a potential breakout. This breakout with volume setup suggests strong momentum and presents a compelling swing and positional trading opportunity. Our analysis includes thorough volume analysis, multiple timeframe analysis, and momentum indicator support, pointing towards a bullish trend continuation. Don't miss out on this breakout opportunity in Jamna Auto Industries! - Remember to conduct your own analysis and implement proper risk management strategies. Thanks!
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NSE:JAMNAAUTOLong
by Uday_Mandal
5
Havells ATH break 2x possible?Havells made strong marubozu on weekly scale and looks ready for next move. Will look for entry points on pullbacks with stop usually in 6-7% or worst 10% at 1413 below which must exit. Don't trade in FnO based on this analysis it can go wrong DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
Editors' picks
NSE:HAVELLSLong
by Niftydirection
1
Breakout of The Year Tata Steel LimitedHi friends sharing a view on Tata steel where i observed a horizontal trendline breakout of ascending triangle on weekly timeframe and it seems a good opportunity to go long in this stock where Tata steel relentless climbing continues as it achieves a milestone with a weekly breakout to an all time high and bulls rejoice as price defies the expectations of bears and scaling new heights with this significant breakout of 2.5 years old resistance. So now we will talk about technical points which i observed as we can see price is moving in ascending channel since a long time where first took resistance from upper trendline of resistance in 2017 and after taken same resistance from that trendline in the year of 2021 but this time was way higher from previous top and now price breached that top of which it made in 2021 where it got rejected from rising trendline, And in this duration price formed an ascending triangle pattern after the previous all time high and the swing bottom which it made after that all time high. Used Super trend indicator with default settings for more confirmations of this breakout which provided by Trading View and for this thank you very much for them. Target Upside-: So mates we can see that once again price will touch that upper trendline after this breakout which will be near about to 200 to 205 levels, One pattern based target identified too in which i measured triangle height which is nearly about 75% so we can see a more 75% upside from the breakout levels. Support-: So now 138 levels seems a good support area where two big swing rejections are there this time can work as support on weekly closing basis. Breakout Retest-: Well a retest is a good confirmation of breakout and often gives sustainability and strength to breakout so for this idea 148-145 i will consider as a breakout retest zone friends and personally breakout retest entries are my favorite strategy and for this trade i would like to the same. This publication is meant for only learning purpose, it is not any kind of trading advice. Best Regards- Amit (Do boost my publication if you really like it mates) “Most traders take a good system and destroy it by trying to make it into a perfect system.” - Robert Prechter
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NSE:TATASTEELLong
by AMIT-RAJAN
41