Get started

Community ideas

NATCO PHARMA: A Multiyear Breakout Set to Double Your Investment Investment Advice by Goodluck Capital (SEBI Registered) Buy Natco Pharma NSE:NATCOPHARM Buy Range- 1210 - 1220 Target- 1950 - 1960 Potential Return- 60-62% Approx investment period 12 - 14 months TECHNICAL ANALYSIS NSE:NATCOPHARM (1) Back in 2017, Natco Pharma encountered several rejections around the 1,050 level, leading to a subsequent decline. (2) The 500 level has emerged as a crucial support point, allowing the stock to bounce back from this threshold. (3) Although the stock made an attempt to surpass its trendline resistance in July 2021, it ultimately fell short, resulting in another correction before finding support at the 500 level once more. (4) Since March 2023, the stock has been on an upward trajectory, successfully breaking through the resistance level in July 2024. Following this significant multi-year breakout , there is a strong expectation that the stock will remain above the breakout zone, paving the way for a robust upward rally. ● ENTRY & EXIT LEVELS - Look for the best buy levels between 1,210 and 1,220, as this is also the breakout level. However, if the stock begins to consolidate at that level and subsequently breaks out, the upper boundary of this consolidation could present another lucrative entry point. - Based on the chart analysis, it appears that there is a 60% upside potential for this stock, hovering around the 1,950-1,960 level. Moreover, there is a possibility that the stock may surpass this level. FUNDAMENTAL ANALYSIS NSE:NATCOPHARM ● PE RATIO - The stock's current PE stands at 16.9, slightly higher than the 1-year median PE of 14.2 but lower than the 5-year median PE of 26.3. - With an industry PE of 36.6, the stock appears undervalued. ● PB RATIO - The present PB ratio for this stock stands at 3.96, indicating a slightly high valuation but not reaching overvalued territory. ● DEBT TO EQUITY RATIO - The company's debt to equity ratio of 0.06 indicates that it is nearly debt-free. ● PROFIT & LOSS ANALYSIS - Over the last three years, this stock has experienced a remarkable compounded annual sales growth rate of 25%. - The cumulative profit increase over the past three years has been an impressive 49%, indicating a strong upward trend. - The profit margin has seen a significant boost, rising to 44% from 35% YoY. - The EPS growth for FY24 is remarkable, soaring to 77.5 compared to just 39 in FY23. ● CASH FLOW ANALYSIS - There is a substantial increase in operating cash flow, jumping by almost 43% to 1,212 crore from 849 crore in FY23. ● SHAREHOLDING PATTERN - The promoters have consistently held their stakes at 49.71% over the past three quarters. - Over the last four quarters, FIIs have been steadily increasing their investments, in contrast to DIIs who have been offloading their stakes.
NSE:NATCOPHARMLong
by GoodluckCapital
5
Webelsolar - Flag and Pole Formation. Best above - 647#WebelSolar - What an excellent results delivered by this co. Blockbuster Q1FY25 👏 Solid turnaround 👍 Rev at 111cr vs 0.18cr, Q4 at 25cr PBT at 32cr vs -4cr, Q4 at -31cr PAT at 23cr vs-5cr, Q4 at -58cr Q1 EPS at 5.4rs The Stock has formed Flag and Pole pattern on the weekly charts One can enter above One can enter above 647 with strict stop loss of 537 Targets - 745/962/1150 Disclaimer : Educational Content. Please do your own research.
NSE:WEBELSOLAR
by jain_geetesh
5
HCC Mega Breakout Of A Decade1. Prices Were Taking Resistance Where Arrow Marked 2. Got 9 Years 6 Months Breakout On Jan 2024 End 3. Feb & March Months Candle Closed Red Again Shown Resistance. 4. Got Confirmation On Jun 2024, Prices Closed Above Feb 2024 Resistance. 5. July 2024 Candle Closed Above Jun 2024, Now Buyers In Full Control. TRADE : Buy 50% Here At Cmp - 53.09 & Rest 50% If You Get Any Dip To 43-46 SL - 29 ( Monthly Closing Basis ) ( Target 1 ) = 81 July 2014 High - March 2020 Low + July 2014 High 42.24 - 3.60 + 42.24 = 81 ( Target 2 ) = 120 Draw A Fibonacci From July 2014 High To March 2020 Low Retracement Level Of 3 Which Is 119.8 Will Be Target 2 ( Target 3 ) = 167.76 Draw A Fibonacci From July 2014 High To March 2020 Low Retracement Level Of 4.236 Which Is 119.8 Will Be Target 3 In Mega Euphoria Prices May Hit 167 Level As This Is A Decade Long Breakout In HCC.
NSE:HCCLong
by ShareMarketCoach
12
ASIAN PAINTS LONG | CUP & HANDLE + RESISTANCE BREAKOUTDisclaimer: I am not SEBI certified and these are my personal views. Please do your research before making any investment decisions. Bought ASIAN PAINTS at 3100, will add more at 3050 - Completed cup and handle formation - Downtrend resistance line breakout - Resistance zone breakout(done) and retest(pending) - RSI is not overbought - Trading above 50,100,200 EMA (bullish sign) Short term target: 3290 Long term target: 3414 Finished Trades (2/2) JUBLINGREA - Target hit in 4 sessions (check out it in ideas section) CAPLIPOINT - Target hit in 4 sessions (check out it in ideas section)
NSE:ASIANPAINTLong
by Pattern_Ninja
10
CLEAN SCIENCE! Trading near crucial levels.- Clean Science has been moving sideways since more than a year. - The stock has given multiple rejections. - It is near the breakout levels again. - Round Bottom formation. - Results are also expected on 01 Aug, 24. - The stock movement can change to uptrend after a downtrend -> sideways movement if the breakout sustains. - Stock P/E is high(69) while ROE is relatively good(22). - Let's wait & see. This is for educational purposes only. Not a buy/sell recommendation.
NSE:CLEANLong
by azuriste
4
Sleeping Giant - ASIAN PAINTS - BUY LevelAsian Paints has been an excellent wealth accumulator. Currently in sideways since 2022. This is accumulation phase after a long up trend. Expectation is of continuation of up trend after this. 1. Support - 2700. Resistance - 3500. 2. Trend - a. Long term trend is UP. b. Since 2022 it is in sideways consolidation. 3. Conclusion - After a good long up trend accumulation is going on since last 2 years. BUY around 2700. First Target 3500. Next Target - 4300. If you find above information useful please do share, give a boost, thanks.
NSE:ASIANPAINT
by NaveenGr
6
Momentum Trading Picks - Alembic Pharma & Quess Corp.Alembic Pharma The stock encountered several rejections around the 1,130 level, leading to a significant correction in price. Eventually, it found support near the 460 level and began to climb upwards. During this upward movement, a Bullish Pole & Flag pattern emerged in the stock price chart, suggesting a potential continuation of the trend. Following a breakout, the price trended upwards with a minor pullback before recently achieving a breakthrough with strong volume support. Quess Corp The price had been trending upwards within a parallel channel until it broke below, leading to a correction. After that, the stock underwent a consolidation phase before gradually moving upwards. A reversal in the downtrend was indicated by the formation of an Inverted Head & Shoulder pattern during this period. The recent strong breakout suggests that the price is poised to continue its upward movement.
NSE:APLLTDLong
by GoodluckCapital
4
QUESS CORP By KRS ChartsDate: 23rd July 2024 Time: 7:20PM Why Quess Corp? 1. Fundamentally Good Company with decent P/E Ratio. 2. Since Quess Corp listed it, movement is sideways within specific range if we check bird view of it. 3. According to Dow Theory, it was making LH LL (Downtrend) but very first time in 2023 it made Higher Low and moving continuously upside and now sustain price near All-time resistance. Once it Break this resistance there is Buy Trade for Quess Corp for new Higher High ~1000Rs. And for Early Entry individual can enter small Qty at current price with SL of 591 Rs.
NSE:QUESSLong
by KRSCharts
6
HCC - 14 years of resistance breakout Technical Analysis It had a fake breakout earlier this year, where the price temporarily moved above the resistance level but then fell back into the channel. Recently, there was a breakout accompanied by a significant increase in volume, suggesting buying interest. The stock has been respecting the 200-day EMA (Exponential Moving Average) since April 2023. The price is currently near the lower end of the channel, INR 42 could act as support. The RSI, indicating that the stock is neither overbought nor oversold. It is in a neutral zone. Potential Scenarios If the stock holds the support, the 14-year resistance turned support at 42 INR, it could move back up towards the initial resistance level of 54 INR, then 67 INR and 100 INR. If the stock breaks below the 42 INR level and the lower trend line of the channel, it could fall towards the 200-day EMA at 36 INR. Segment and Order Book The company has an order book of Rs.10,475 crore. Sector wise Breakup:- Transport - 48% Hydro - 26% Water - 20% Nuclear - 6% • Lowest bidder in projects worth ₹4,500 Cr. • Bids for projects worth ₹10,400 Cr are under evaluation. • Additionally, a bid pipeline of ₹46,440 Cr has been identified for future growth. Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
NSE:HCCLong
by Indieconomic
4
NITINSPIN Ready to FlyHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Formation of Range Bound in daily & Weekly TF. * From Dec 2023 to July 2024 its in range. * From Feb 2024 to July 2024 Tested & Moving Resistance Many times. * It's Break resistance Zone and trying to Sustain above Resistance Zone with good volume. * Volume Accumulation (Volume is Rising). What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:NITINSPINLong
by ChartSight
3
EASEMYTRIP LONGThe Elliott Wave analysis indicates that the stock has finished waves (i) and (ii), which are shown by blue numbers on the daily chart. Wave (i), also known as the impulse wave, unfolded into five waves, which are illustrated in red. Wave (ii), also known as the corrective wave, unfolded in an a-b-c pattern, as indicated in red. Wave (iii), the impulse wave, is unfolding in five waves, as illustrated in the red colour. Price is moving in a channel. As a breakout of the channel, Price will rise. It's a buying opportunity during a downturn (dip). The chart shows the wave levels. A double Bottom pattern is formed on the chart i.e. bullish reversal pattern. Level of Invalidation The invalidation level of 37 has been identified as the starting point for wave (i). If the price falls below this level, it means that the projected Elliott Wave pattern is not as it appears. I'm not a registered Sebi analyst. My research is done solely for academic purposes. Please consult your financial advisor before trading or investing. I bear no responsibility for your profits or losses. Regards, VJ.
NSE:EASEMYTRIPLong
by drvineet
27
WELSPUNLIVWELSPUNLIV Market Cap ₹ 16,935 Cr Industry: Textiles - Products Welspun Living Limited, part of the US$ 2.7 billion Welspun Group, is one of the largest home textile manufacturers in the world. Promoters 70% FIIs 7 % DIIs 6 % other 1% Public 16% My study shows on chart study with technical analysis . this made cup and handle with multi- year break-out and darvas box break-out this good signs for huge movement after some days . after retest stock targets all hits. its my prediction for MORE check in my Tv-id " in.tradingview.com " If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
NSE:WELSPUNLIVLong
by asAMOLSUTAR
14
Angel One - Educational Post- Best to wait and let it settleHow to find Support /Resistance of a stock when the stock tanks From the tool bar, draw Fibonnaci retracement at the All time high candle and draw it down to the next few available support levels. As you draw, the retracement lines should touch on the underlying Horizontal Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, etc.) In this example, the Stock highest candle was 3815, while 1940 was the multi year base where the stock had a breakout. As a investor looking to enter in to the stock, would be looking for a entry point, and through fibonacci retracement one can watch out whether the stock bounces from the support/resistance line. I have been tracking this stock and the stock now looks to be taking support again back to the earlier base i.e. 1940 levels. The other reason to use this stock as reference is because other stocks from the industry has reported excellent numbers and we all are looking for a good entry point for better risk/reward. I would recommend safe entry above 2058 one it touches 1940. Disclaimer : Fibonacci retracements are a tool, not a guarantee. Use them in conjunction with other analysis methods.
NSE:ANGELONE
by jain_geetesh
7
LAXMI ORGANICS - Start of New Bull Run?The stock has undergone a correction since 2021 after reaching its all-time high. Upon analyzing the correction, it appears that wave ABC has concluded at the 225 levels. The internal waves within ABC adheres to the Fibonacci ratio, with wave C being approximately 100% of wave A. The stock found support at the minor wave 2 of the major wave 3 from the previous bull run, positioning us at favorable levels in terms of risk and reward. Currently, it seems that we are in the initial stages of the major wave 1 of the upcoming impulse or bull run. To approach trading this situation, we can establish our position in two phases. The first part can be initiated at the current market price, followed by the next position once a retracement to the 38%-50% range occurs after reaching our minor wave 4 level of 395. The wave counts, entry points, stop loss, and target levels are all indicated on the chart. Disclaimer: Please note that the information presented in this analysis is intended for educational purposes only. It is highly recommended to seek advice from a financial advisor before making any investment decisions. I cannot be held accountable for any financial losses that may arise
NSE:LXCHEMLong
by harshit22
4