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India's 4th largest pharma company has given breakout..Hello Guy's i hope you all will be doing good in your life and your trading as well. I have brought another stock which has given breakout of small rectangle pattern on daily timeframe. Company has good management with proven profits making record, it is 4th Consumer Healthcare brands Market ranked #1 in their categories. Mankind is present in several acute and chronic therapeutic areas in India, including anti-infectives, cardiovascular, gastrointestinal, anti-diabetic, neuro/CNS, vitamins/minerals/nutrients, and respiratory. If i talk about technicals, stock has given small Rectangle pattern breakout and stock has came down to retest the levels. Indicators like MACD and RSI start giving bullish crossover, Price is above 200-DEMA. All is indicating bullish reversal in stock. There is higher chances we can see good bullish momentum in near term. Stock is good for investment like short term to medium term. And one more thing, if anybody wants to consider this stock as long term, then it is absolutely good for that, even i will suggest to do SIP in this. Market Cap ₹ 92,165 Cr. Current Price ₹ 2,301 High / Low ₹ 2,375 / 1,241 Stock P/E 55.8 Book Value ₹ 216 Dividend Yield 0.00 % ROCE 20.7 % ROE 17.0 % Face Value ₹ 1.00 Industry PE 32.8 Debt ₹ 9.74 Cr. EPS ₹ 41.2 Promoter holding 76.5 % Intrinsic Value ₹ 851 Pledged percentage 0.00 % EVEBITDA 38.6 Change in Prom Hold 0.00 % Profit Var 5Yrs 11.9 % Sales growth 5Years 15.7 % Return over 5years % Debt to equity 0.00 Net profit ₹ 1,650 Cr. ROE 5Yr 21.6 % Profit growth 39.3 % 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.
NSE:MANKINDLong
by TraderRahulPal
2
Keep an Eye on SILLY! 🚀 Potential Bullish Reversal in the Work💎 Paradisers, #SILLY has broken out of a trendline and formed an inverse head and shoulders pattern, which increases the likelihood of a bullish move. 💎If #SILLYUSDT breaks above the resistance zone or neckline area, it will confirm the inverse head and shoulders pattern, potentially signaling a bullish reversal. 💎However, in the event of a breakdown below the demand level, it may be considered a bearish scenario. Nonetheless, it might be wise to wait for better price action to develop before making any decisions. 💎If you're new to technical analysis and feeling confused, don't hesitate to DM or comment below. I'm here to help you navigate through it.
by MyCryptoParadise_Nathan
2
XAUUSD on rise to 2250 Gold prices rose by 0.38% yesterday, settling at 66367, as investors eagerly awaited U.S. inflation data to gauge the Federal Reserve's stance on monetary policy. Despite recent high inflation readings, Fed policymakers remain committed to reducing interest rates by three-quarters of a percentage point by the end of 2024. Central banks' continued gold purchases for diversifying currency reserves bolstered market sentiment. Investor attention now turns to the U.S. core personal consumption expenditure (PCE) price index data for February, scheduled for release on Friday, as it could provide crucial insights into inflation trends. Meanwhile, India's gold imports are anticipated to plummet by over 90% in March compared to the previous month, marking the lowest levels since the COVID-19 pandemic. Banks reduced imports due to record-high prices denting demand, potentially curbing a rally in global gold prices. March 2024 gold imports are forecasted to hit their lowest point since the pandemic, attributed to air traffic restrictions limiting imports and lockdowns shuttering jewellery shops. From a technical perspective, the market saw short covering, with a significant drop in open interest by -37.04% to settle at 3812. Prices surged by 253 rupees. Currently, gold finds support at 66090, with a potential further support level at 65815. Resistance is anticipated at 66570, with a potential upward movement towards 66775 upon surpassing resistance levels. This technical overview suggests a cautious stance amid fluctuating market dynamics and awaits further data releases for clearer directional cues.
OANDA:XAUUSDLong
by FXBANkthe8055
5
AUD/USD: A Third Wave "...Wonders to Behold..."Prices advanced in five waves from 0.6477 to 0.6667. This wave pattern is significant because impulse waves identify the direction of the larger trend. Thus, the five-wave advance in AUDUSD implies further buying to come that would push prices above 0.6667 as wave (iii). The subsequent decline that is developing in three waves supports this analysis. Counter trend price action typically consists of three waves, so we expect another move up. Moreover, the three-wave decline travels to 0.6550 to retrace 61.8% of the previous impulsive advance. 61.8% is a common retracement for corrective waves especially when they occur as wave 2 of an impulse or wave B of a zigzag correction. Also nearby is 0.6558, the price level at which wave c equaled wave a, which is a common Fibonacci relationship between wave C and A of zigzag correction. Also adjacent is 0.6560, the end of the fourth wave of one lesser degree. As a guideline, corrections tend to end upon reaching the end of the previous fourth wave of one lesser degree. Besides, the correction is unfolding as a Zigzag A-B-C with a triangle characteristic in the b wave position as is common. Also, the correction neatly adheres to the parallel channel with wave c hugging the lower boundary of the channel. These cluster of evidence suggests that prices are approaching an important juncture and a reversal to the upside is on the horizon. If so, then a break above 0.6629 would virtually indicate the correction ended and the next significant move is to the upside. Trading Plan Entry : Buy at market. Protective Stop : 0.6477; in an impulse wave 2 can NEVER retrace 100% of wave 1. Target : 307 pips i.e ((0.6667-0.6477) X 1.618) In an impulse, the third wave commonly travels 1.618 times the length of the first. Risk-to-Reward : 1:3
Long
by Aquanet_Market_Forecast
2
Bhel- Traders Trap at 275 on 4th March 2024 ( Wave Story)Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers!, can you hear them Elliott Wave Analysis Insight January 30, 2024: 230's to 240's At the start of the year, BHEL's stock was trading between the 230's and 240's. Investors were cautioned about limited upside potential, especially below the 235 mark. It was predicted that the stock might regress towards the crucial level of 200. Last Published on 30th Jan 2024 February 13, 2024: Lows of 200 True to the caution, on February 13, 2024, the stock descended to the lows of 200, sparking concerns among investors. However, BHEL managed to maintain its position above 200, offering hope for a potential recovery. A note of caution lingered - any decline below 200 could lead to a deeper plunge towards 165 & 113-120 support zone. End of February 2024: Triangular Correction Completed By the end of February, BHEL completed a triangular correction in its ongoing wave sequence. Despite this, caution prevailed as it was observed that Wave-E was truncated, setting the stage for a sharp rally. March 4, 2024: Surge to 275.85 On March 4, 2024, BHEL's stock surged to 275.85, trapping traders on upside. However, the warning remained clear - maintaining above 200 it can push upside in 225-240's, while breaching 200 spelled trouble, leading to a slip towards 165 and the critical support zone of 113-120. Post-March 5, 2024: Decline towards 206 Post-March 5, 2024, the stock experienced a decline towards 206, approaching the key support level of 200 in a an impulsive manner. The familiar tale repeated itself - maintaining above 200 hinted at a potential upswing towards 225-240's, repeating same thing again & again. while breaching 200 will trouble, leading to a slip towards 165 and the critical support zone of 113-120. And so, the tale of BHEL continued, with its fluctuations and uncertainties. From WaveTalks (Market Whispers!, Can you hear them) Abhishek Wishing you a Happy Holi-day! 🎉
NSE:BHEL
by WaveTalks
3
Avanti Feeds LtdThe company is the largest producer of shrimp feed in India with a market share of 45% in the domestic feed business & best technical support to the farmer and caters to the quality standards of global shrimp customers. Shrimp Feed Business (78% of revenues) Inverse Head & Shoulders:- Inverse Head & Shoulders Recovery pattern is marked in yellow along with Target 670 (its also a resistance). 200 EMA on Weekly & Monthly Chart:- Price is below 200 Weekly EMA (White Line). Price is below 200 Monthly EMA (Yellow Line). Both these Weekly and Monthly 200 EMA are approx at 450 level (which is a Strong Buy level). Fundamentals:- CMP is more than Book Value, Graham Number & Intrinsic Value. Stock PE is Less than Industry PE. Dividend giving stock. ROCE & ROE Good. Promoters holding is Good & No promoters are pledged. Debt is too Less as compare to its reserves, almost a Debt free company. Piotroski Score is 8 (Good). Technical:- Demand Zones are marked as Green shaded horizontal area. Resistances are marked as red horizontal lines. Stoploss is marked as orange horizontal line. Trendline Resistance is Marked & Pink Circles indicate Reversal points from where price fell. Inverse Head & Shoulders Recovery pattern is seen. Price is expected to bounce from Demand Zone 1 or Demand Zone 2. Good Volume is visible along with price accumulating within a zone. RSI about to take Support at trendline Support which is also at RSI 50 level - which may act as Up Reversal level. First Entry:- Buy 490 - 450 Stoploss 400 Tgt 670 - 840 - 975 Second Entry:- Buy 340 - 310 Stoploss 280 Tgt 450 - 560 - 670 - 840 - 975 This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
NSE:AVANTIFEEDLong
by MasterTrader1949X
13
BANKNIFTY Intraday Trade Setup For 18 Mar 2024BANKNIFTY Intraday Trade Setup For 18 Mar 2024 Bullish-Above 46810 Invalid-Below 46700 T- 47375 47855 Bearish-Below 46300 Invalid-Above 46410 T- 45750 45220 BANKNIFTY has closed on a bearish note last week with 2.6% cut last week. Index is at 50 EMA in daily TF. If at all index has to take support from this zone then we will wait for a bullish price structure atleast in hourly TF while it has to regain 47000 to gain bullishness. Below 46300 index may give a sharp downside as it hourly trendline support. 45660 is another big level for a larger slide. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 46810 then we will long for the target of 47375 and 47855. For selling we need a 15 Min candle close below 46300. T- 45750 and 45220. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
4
#Nifty directions and levels for March 18th.Good morning, friends! Here are the directions for March 18th: The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bearish trend. It might open with a neutral to a slightly gap-down start, as suggested by Giftnifty, showing a -30 point. Nifty has a range-bound structure, but the trend suggests correction. So, if the market breaks the previous low, then we can expect further correction. However, that is the final wave of correctional impulse, so if it finds support around 21867 or 50%, then we can expect a minimum of 23 to 38% pullback. On the other hand, if it consolidates or breaks the level of 50%, then the correction will continue further. Alternatively, if the gap-down doesn't sustain or if it takes a sharp bounceback initially, then it may continue the range further, and we can expect a minimum level of 22146 to 22244.
NSE:NIFTY
by Manickamtraders
2
AXISBANK : Opened a position for about 0.625% of the net capitalFundamental Analysis: Axis Bank, a prominent player in the Indian banking sector, is currently showing promising signs in terms of price and earnings forecasts according to analysts. However, revenue forecasts are not as attractive. Despite this, the financial health of the bank instills confidence among investors. One notable aspect is the distribution of share ownership, where the majority is held by institutional investors such as mutual funds (21.43%), DIIs (7.40%), and FIIs (54.68%). The remaining 8.29% is held by retailers, with 4.05% being held by high net worth individuals (HNIs). The concentration of ownership by smart money, including institutional investors and HNIs, signifies strong support for the stock. Notably, this ownership is increasing quarter-over-quarter, indicating growing confidence in the company's prospects. Moreover, Axis Bank has established partnerships with numerous corporations, serving as the primary bank for the salary accounts of their employees. This strategic positioning allows Axis Bank to tap into a stable customer base, enhancing its revenue streams and solidifying its market presence. As the fourth largest private sector bank in India, Axis Bank holds significant market share, particularly in credit cards and merchant acquiring services, which positions it well within the industry. Technical Analysis: From a technical perspective, Axis Bank's stock price has recently touched the bottom trendline of an ascending channel, suggesting a potential bullish move. There is a potential increase of approximately 10.38% to reach the all-time high, with a further upward potential of about 17% to the upper trendline of the ascending channel. Considering this technical setup, a decision has been made to enter a position equivalent to 0.625% of the net capital. Further accumulation may be considered if the stock consolidates around current levels in the near future. But I do realise that there is a possibility for the price to rally from the current levels itself, without providing a second entry opportunity. If the market crashes, additional accumulation may be considered at potential support levels. If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly. Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments. Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too. Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
NSE:AXISBANKLong
by Sniper-Traders
2
NATCO PHARMA AnalysisFOR LEARNING PURPOSE NATCO PHARMA- 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. Now it is retesting that breakout zone of last 2Y 4. It is showing better relative strength as it stood strong in volatile times 5. The risk and reward is favourable 6. The company has declared Positive results for the last 4 consecutive quarters 7. Coming out from Stage 1 so it has more upside chances as Stage 2 will start now 8. This company has been a underperformer for a long time but its trying to change now I am going to buy this on Monday with minimum target of 35-40% and then will trail after that. My SL is at 826.20 rupees I will be managing my risk.
NSE:NATCOPHARMLong
by Its_Bhushan
2
IREDA LONGThe Elliott Wave analysis indicates that the stock has finished waves (i) and is nearing the end of waves (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 c of wave (ii) is unfolding in five waves, as illustrated in the black circle. It appears that wave 5 in the black circle is still unfolding. It is a buying opportunity on the downturn (dip). Wave (3) will begin following the completion of wave (ii). Wave (3) is expected to have around five subdivisions, which are highlighted in red. Wave levels are depicted on the chart. Level of Invalidation The invalidation level of 50 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:IREDALong
by drvineet
11
BANK NIFTY.... THE FINAL EUPHORIA....As per Elliot's wave pattern on the downside, Bank nifty is currently moving in the 4th wave. The structure formed is one of the classical patterns of wave 4 - A horizontal flat. We have had enough volatility recently (again, a classic of wave 4), and now it looks like the final leg of wave 4 is ongoing. We could see a resistance trendline from which Bank Nifty fell thrice. We expect a bigger fall (wave 5) soon in the Bank Nifty chart. Bank nifty can fall to 45000-45500 levels, and I'm expecting a decent rally from there (a curtailed wave 5 resulting in a larger trend resuming in the opposite direction). Keep cash ready to invest at the right time (maybe around 45000 levels). Not an intraday trading idea; place appropriate stoploss.
NSE:BANKNIFTYShort
by Stock-Holmes
13
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
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.
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.
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
BSE:VIDHIINGLong
by Momentuminvesting5540
2