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Fibonacci

RPSG ventures- Wait for right entryFundamental Analysis Company overview: RPSG Ventures is a private equity firm that invests in growth-oriented businesses in India and Southeast Asia. The firm has a portfolio of over 60 companies, including Flipkart, Byju's, and Oyo Rooms Financial performance: RPSG Ventures has been profitable in recent years, with net income of INR 1.2 billion in fiscal year 2022-23. The company's revenue has grown at a compound annual growth rate (CAGR) of 25% over the past five years. Valuation: RPSGVENT is currently trading at a price-to-book ratio (P/B) of 0.43. This is below the average P/B ratio of 1.0 for the Indian equity market. Risks: The risks to RPSGVENT include the volatility of the Indian stock market, the concentration of the company's portfolio in a few large companies, and the political and regulatory risks in India. Technical Analysis Price trend: The price of RPSGVENT has been on an upward trend in recent months, rising from INR 365 per share in March 2023 to INR 605 per share as of September 2, 2023. Moving averages: The 10-day and 20-day moving averages are both sloping upwards, which is a bullish signal. Relative strength index (RSI): The RSI is currently at 72.1, which is in the overbought territory. This suggests that the stock may be due for a correction. Conclusion: The fundamental analysis of RPSGVENT indicates that the company is a well-managed business with a strong financial performance. However, the technical analysis suggests that the stock may be overbought and due for a correction. Investors should carefully consider the risks before investing in RPSGVENT. Stock is in a Monthly upward channel Add above 660-day close basis tgt 1 750 tgt 2 840 tgt 3 980 Stop loss 580-day close basis DISCLAIMER: THIS GROUP IS FOR DISCUSSION AND LEARNING PURPOSE. I AM NOT SEBI REGISTERED ANALYST. ALL MY POSTS ARE FOR Educational PURPOSES ONLY, I WON'T BE RESPONSIBLE FOR ANY OF YOUR LOSS. KINDLY CONSULT YOUR FINANCIAL ADVISOR BEFORE TAKING POSITIONS.
NSE:RPSGVENTLong
by yogesharora2409
For Swing Trade $NSE:NAHARSPINGDear Followers, I hope this message finds you well. I wanted to share my swing trade view on NSE:NAHARSPING with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy. Stock: NSE:NAHARSPING Holding Time Frame: 90 Days Entry Point: 280-285 Stop Loss Point : 245 Target Point: 340,360,380 I've created a chart on TradingView that illustrates my analysis. You can view it by clicking on the following link: in.tradingview.com Please keep in mind that markets are inherently unpredictable, and there are no guarantees in trading. This view is based on my analysis as of Dated 08-Sep-2023, and conditions may change. It's important to do your own research and consider your risk tolerance before making any trading decisions. Feel free to reach out if you have any questions or if you'd like to discuss this swing trade view further. Your feedback and insights are always appreciated. Mention Information is only for Educational Purpose. Best regards, Ajay Metha
NSE:NAHARSPINGLong
by PrachiMetha
Solana - New AnalysisHello Traders! 👋 BITFINEX:SOLUSD Since our last analysis, we've established a new high, now representing our Wave (3). While there's potential for another significant upward surge in Wave (3), it's increasingly probable that the wave has reached its peak. The anticipation is that Wave (y) of (4) will ideally target the price range between $47 and $40. The exact structure of the correction remains uncertain, so we must stay nimble and be prepared for shifts in the micro wave counts. However, my expectation is that we'll witness substantial momentum around the 38.2% Fibonacci level. Exciting times ahead! 📊✨
BITFINEX:SOLUSDLong
by stromm