JUBILANT INGREVIA FORMING CRYSTAL CLEAR ROUNDING BOTTOMThe stock has been foming an rounding bottom pattern on the weekly basis , also volumes are pretty high and satisfactory
The company has majorly 5 business divisons majorly pharma , nutrition and agrochemical since 40 years , it has 5 manufacturing plants and more than 2000 cr in capex plan
The fundamentals of the stock are quite sagnant and donot show any compelling signs however there is a pretty good DIIs buying snce 2021 (14%) also volumes are pretty good
Target for Short term -833
Target for Long terrm - 1305
Community ideas
PRESTIGE -Symmetrical triangle - Breakout - DailyName - PRESTIGE
Pattern - Symmetrical triangle Breakout
Timeframe - Daily
Volume - Avg volume
Cmp - 1884
Target - 2491
SL - 1873 or low of the Breakout candle - 1775
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HATSUN looks bullishHatsun previously formed an uptrend pattern, followed by a pullback or correction. If we look closely at this pullback, we'll notice that a minor downtrend has converted into an uptrend, or we could say, an inverted head and shoulders pattern, which is a bullish indicator. The breakout above the top of the right shoulder also confirms that buyers are genuinely interested in this stock. So, in my opinion, this stock looks very bullish. Please do your own research before investing.
FYI, this company makes our favorite Arun Ice-cream :)
Wanbury : Flag Breakout#wanbury #chartpattern #flagpattern #flagandpolebreakout #trendingstock #momentumstock #breakout #swingtrade
Wanbury : Breakout Soon
>> Flag Breakout
>> Trending stock & Setup
>> Good Strength
>> Volume Expansion soon
>> Upside potential upto 25%
Swing Traders can Lock profits at 10% and keep trailing
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Disclaimer : Charts shared are for Learning purpose not a Trade Recomendation.
KEC looks good on chart NSE:KEC : stock already given Breakout from consolidation zone
and now retest also done at support.
Support zone 935-940.
can place SL below previous swing low which was at 925-930
on the upside 1st level will be previous high around 1040 and then stock will get ready for 1200 positionally.
strong uptrend. good fundamentals
just for educational purpose. no buy or sell recommendation
Stock in Downtrend: Power Finance Corporation (PFC)PFC has been in a downtrend for some time.
560 level has been the key resistance which was not able to break on several occasions.
The next strong support is around 480 levels.
If the 480 support is broken, we can expect a further fall.
We can retain the stock as long as 20EMA is above 50 EMA.
However, volume (SELL) keeps falling, which may indicate a good sign.
Electrosteel: The Dark Horse in the Ductile Iron Pipe Industry!Summary
● Electrosteel Castings Limited (ECL) is a prominent Indian company specializing in ductile iron (DI) pipes, fittings, and cast iron (CI) pipes. With a market cap of ₹13,640 Cr, ECL generates 88% of its revenue from India, holding a 28% domestic market share.
● Over the last 3 years, ECL recorded a 29% sales CAGR and 97% profit growth. Its current PE ratio of 15.3 is below the industry average, suggesting undervaluation.
● ECL plans to boost DI pipe capacity to 1 million tons by FY26. The ductile iron pipes industry is poised for growth due to urbanization and government initiatives.
● With its strong market position and robust financials, ECL is well-positioned to capitalize on this opportunity and deliver shareholder value.
Investment Advice by Goodluck Capital
Buy Electrosteel Casting NSE:ELECTCAST
● Best Buy Range - 210 - 220
● Target - 275 - 280
● Potential Return - 28 - 30%
● Approx holding period 8 - 12 months
Company Overview
Electrosteel Castings Limited produces and supplies ductile iron (DI) pipes, fittings, and accessories, as well as cast iron (CI) pipes, both in India and globally. Their DI pipes and fittings are used in various applications such as water transmission, potable water distribution, industrial water supply, ash-slurry systems, fire-fighting systems, desalination, sewerage, stormwater drainage, and recycling. They also offer ductile iron flange pipes for temporary installations and restrained joint pipes. Additionally, the company supplies metallurgical coke, sinter, sponge iron, ferro silicon, pig iron, and silico manganese ferro alloy, along with cement branded as SPL GOLD. Originally named Dalmia Iron and Steel Ltd, the company was established in 1955 and is headquartered in Kolkata, India.
Market Capitalization - ₹ 13,640 Cr.
Peer Companies
● Jindal Saw NSE:JINDALSAW - ₹ 22,576 Cr.
● Jai Balaji Industries NSE:JAIBALAJI - ₹ 19,682 Cr.
● Welspun Corp. NSE:WELCORP - ₹ 18,092 Cr.
Technical Aspects
● In January 2008, the stock reached an impressive peak of ₹71 but subsequently faced a significant decline.
● The price eventually stabilized around ₹8, leading to an extended period of consolidation.
● During this time, a Rectangle pattern, often referred to as the Darvas Box pattern, took shape.
● After breaking out of this pattern in May 2023, the stock price surged past its previous strong resistance level in October 2023.
● Since then, the stock has maintained its upward momentum and is currently trading just shy of its historical high of ₹226.
● Expectations are high that this momentum will sustain and lead the stock to reach new peaks in the near future.
Relative Strength
● The chart clearly illustrates that Electrosteel Castings has greatly outperformed the Nifty Smallcap 250 index, boasting an impressive annual return of 219%, which is truly an outstanding achievement.
Revenue Break-up
● Product wise break-up
➖ The primary source of the company's revenue comes from the production of Ductile Iron pipes and fittings, which alone makes up about 86% of its total income. Additionally, the company manufactures Cast Iron pipes, contributing roughly 2.8% to the overall revenue.
● Location wise break-up
➖ The company generates nearly 88% of its revenue from India, where it holds a 28% share of the domestic market. The remaining 12% of its income is sourced from international markets.
Revenue & Profit Analysis
● Over the last three years, this stock has recorded an impressive compounded annual growth rate (CAGR) of 29% in sales. Additionally, the total profit growth during this period has been remarkable, achieving a staggering 97% CAGR.
● Furthermore, the company has successfully maintained an operating profit margin of 16%, a notable increase from 10% in FY24.
● For the fiscal year 2024, earnings per share (EPS) have surged from 5.31 in fiscal year 2023 to an impressive 11.97. Currently, the EPS for the past twelve months is at 14.69.
● A closer look at the quarterly results shows that the company reached a record high in quarterly sales, reporting 2,012 crore in June, up from 2,004 crore in the March quarter. This figure significantly exceeds last year's June quarter sales of 1,685 crore.
Product Demand Analysis
● Inventory Turnover Ratio
➖ Current Inventory Turnover - 1.82
➖ Inventory Turnover 3 years ago - 1.70
➖ These figures indicate that product demand has risen over the past three years.
Valuation
● P/E Ratio
➖ The company's current price-to-earnings (PE) ratio is 15.3, which is below its one-year median PE of 15.8. Compared to the industry average PE of 36.76, this suggests that the stock is significantly undervalued at present.
● P/B Ratio
➖ The stock seems to be undervalued, with a price-to-book (PB) ratio of 2.67, particularly when compared with the industry average PB ratio of 5.52.
● Intrinsic Value
➖ Electrosteel Castings is presently priced at ₹220, which is significantly below its intrinsic value of ₹258, suggesting that the stock is currently undervalued.
● Peg Ratio
➖ A PEG ratio of 0.47 suggests that the stock is undervalued relative to its expected earnings growth.
Cash Flow Analysis
● The operating cash flow has experienced an impressive leap, climbing to 806 crore from 452 crore in FY23. This remarkable growth highlights the company's robust financial health. Furthermore, the current CFO/PAT ratio stands at 0.9 of its five-year average, reflecting the company's exceptional capability in turning profits into cash efficiently.
Debt Analysis
➖ The company's existing debt stands at Rs. 2,332 crore, a figure that is notably low when juxtaposed with its market capitalization of Rs. 13,655 crore.
➖ With a debt-to-equity ratio of merely 0.46, it is clear that the debt burden is manageable for a capital-intensive enterprise, allowing the company ample room to pursue further financing if required.
➖ Examining the balance sheet shows a remarkable decrease in debt, which has fallen from Rs. 2,667 crore last year to the present Rs. 2,332 crore.
Capex Plans
➖ The ongoing capital expenditure stands at around ₹700 crores and is on track, with ₹410 crores already utilized by the end of Q1 FY25.
➖ There are ambitious plans to boost the total manufacturing capacity of DI pipes to 1 million tons by FY26.
➖ Additionally, land is being acquired in Odisha for a new Greenfield project focused on DI pipes and fittings.
Shareholding Pattern
➖ The promoters currently hold about 46.22% of the company, up from 44.08% in December 2023, indicating growth during the March quarter.
➖ Foreign Institutional Investors (FIIs) have been consistently increasing their stakes, with total holdings reaching 21.16% as of June 2024, a significant rise from 14.93% in June 2023. On a quarter-to-quarter basis,
➖ Domestic Institutional Investors (DIIs) have raised their holdings to 0.44% from 0.36% in the March quarter; however, this represents a notable decline from the 1.68% recorded in the same period last year.
Ductile Iron Pipes Industry Outlook
● Advantages of choosing DI pipes over PVC pipes
➖ According to the analysis of the ductile iron pipes market in India, these pipes are made up of approximately 90% recycled materials and are fully recyclable.
➖ Additionally, using ductile iron pipes instead of PVC can lead to an energy consumption reduction of around 40%.
● Ductile Iron Pipes Market Growth
➖ Ductile iron pipes play a crucial role in public infrastructure, serving irrigation, drinking water distribution, sewage, and wastewater systems.
➖ With India's economic growth, the rise of smart cities and projects like Bharatmala Priyojana and the Narmada Valley Development Project is driving the demand for extensive pipeline networks, boosting the ductile iron pipes market.
➖ Factors such as increasing urbanization and government initiatives like Jal Jeevan Mission, AMRUT, and Smart City Mission, focused on delivering drinking water to households, are further fueling this demand.
Conclusion
● After thoroughly examining both the technical and fundamental factors, we have concluded that Electrosteel Castings is well-positioned for substantial growth, driven by the increasing market demand for ductile iron pipes, which is likely to positively impact its share price as well.
Cup & Handle Pattern | BSOFT⭕️ Swing Trading opportunity ! Hourly Analysis Alert !!!⭕️
✍️Technical Reasons to trade or Strategy applied :-
✅ Rally Base Rally Demand Zone
✅Strong Chart Pattern
✅Parallel Channel worked as Support And Tgt
✅Breakout confirmation
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kotakbank. pending movement??looks like a decent movement can happen above 1860-1900 range
and lets look for a volume expansion
high probable if it breaks these levels this month!
Company has delivered good profit growth of 20.4% CAGR over last 5 year
stock pe @19.2
Free Cash Flow available ₹14,593cr.
Bullish Rounding Bottom over the span of 3 years.UTIAMC is poised for a significant breakout as it trades at its highest level ever. If the weekly candle closes with strength, it could be a good opportunity to enter a swing trade with a stop-loss placed at the weekly candle's low. Additionally, in the daily timeframe, the price is consistently making higher highs and higher lows.
Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions
Arvind Fashion - 2 Cup & Handle Patterns!!Arvind Fashion has given breakout of Cup & Handle pattern on weekly time frame. If you observe there is a smaller cup and handle pattern as well in the larger cup & handle pattern. We can see price moving towards our targets of 560-685-950+. Other factors:
1. Weekly volume is great
2. RSI is +ive
3. Fundamentally company is doing great - from loss making to profit making, new stores, etc.
Keep following Cleaneasycharts - Right Stock at Right Time at Right Price!!!
Cheers!!!
JKCEMENT - Rounding Bottom Breakout🔊 JKCEMENT - Rounding Bottom Breakout
⌛Duration - Short Term (2 month to 3 month)
📊📈 Trade Logic - Rounding Bottom Breakout
CMP - ₹4697
Time Frame - Weekly
🎯Target 1 : ₹5000
🎯Target 2 : ₹5200
🎯Target 3 : ₹5400
🛑 Stop : ₹4400
🏆 Risk/Reward Ratio (1: 2.25)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
LTTS - Keep On RadarCMP 5622 on 07.09..24
The stock price has formed a Cup & Handle pattern in the last more than 2 years. The breakout level is around 6000. At the moment of retracement, it may come down to 5450 to 5250.
If the price is above the 54200 level, this setup has relevance. It goes weak if the price sustains below 54200.
Always keep your risk management in control, and the position sizing too.
Projected targets are indicated on the charts.
This illustration is only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Infosys inverted head and shoulder- Infosys seems like inverted head and shoulder in weekly chart
- if this stock sustains above the breakout line for few weeks bull run may continue.
This analysis is my own idea.
I don't recommend taking trade based on this idea.
consult your SEBI registered adviser to Know the market risk before.
in.tradingview.com
MOTILALOFS: Cup and Handle Breakout – Bullish Continuation AheadAnalysis Overview : This chart of Motilal Oswal Financial Ltd NSE:MOTILALOFS highlights a classic Cup and Handle pattern, which indicates a potential bullish continuation. The stock has broken out of this pattern after retesting the neckline, signaling the possibility of further upside.
Key Observations:
The Cup and Handle pattern has formed over several months, signifying accumulation.
After breaking out from the neckline, the stock retested the breakout zone, which is a positive sign for bulls.
The stock is now trading above ₹775.60, approaching a 52-week high of ₹782.90.
Volume Surge: There was a noticeable increase in volume during the breakout, confirming strong buyer interest. Volume remained steady during the retest phase, indicating that the price held firm despite the lower selling pressure.
Technical Insights:
Breakout Confirmation: A clean breakout above the neckline of the Cup and Handle pattern suggests bullish momentum, supported by rising volume.
Retest and Bounce: The retest of the breakout zone has held, providing confidence that this level will now act as strong support.
Volume Significance: The volume surge during the breakout is a positive indicator that institutional buyers may be driving the move. Sustained higher volume will be crucial for further price appreciation.
52-Week High: The stock is nearing its 52-week high, and a successful breach could lead to a strong upward move, with the next targets in the ₹800-820 range.
Trade Ideas:
Bullish: Enter on a breakout above ₹782.90, targeting higher levels around ₹820.00 and beyond, with a stop-loss below the retest level.
Conclusion: This technical setup in Motilal Oswal Financial Ltd offers an attractive opportunity for bullish traders looking for continuation patterns. The clean breakout, successful retest, volume confirmation, and proximity to the 52-week high make this stock one to watch for potential long positions.
EWT – Can Bulls Push NSE JIOFIN to New Highs?Timeframe: Daily
After hitting a low of 202.8, NSE JIOFIN has formed an impulsive cycle. Wave ((2)) has not retraced more than 100% of Wave ((1)). Sub-Wave (3) is a powerful extended wave, reaching 261.8% of the Fibonacci extension of Wave (1). The price has completed Wave (4) at 307, marking an exact 50% retracement of Wave (3).
The impulsive structure is expected to resume following a breakout above the corrective slope. However, if the price encounters strong resistance at the upper channel, there is also a possibility of a triangle formation on the daily timeframe chart. The 337 level will pose a significant challenge for the bulls to overcome.
According to the alternative chart, the price has completed Wave D at 337.95 and has begun forming Wave E. If the price doesn’t break below the low of Wave C, Wave E could alternatively be interpreted as a 1-2 wave formation. If price breaks out 338 , traders can trade for the following targets: 360 – 383 – 405 +. A breakdown of Wave A at 307 will require a reassessment of the entire wave structure
We will update further information soon.
