Manappuram Finance - Entry@125
Sales growth of 15.5% since 2015
Income growth of 38% with an average ROE of 18%
I have initiated a pilot position. I will add more based upon price strength and 2019 march annual earnings guidance.
The stock is moving in parallel channel and it is likely to test fibonacci level 78.6% (Rs116.5) and then retrace to 61.8%
Aim for a target of
1. TGT 1 - 105.9 (fibonacci level - 61.8%)
2. TGT 2 - 102.3
SL - 120
When the price formed left shoulder it had enough buying power at that time.
Thus, it can be speculated that if there is no buying power, the price has rejected a lot of times to break the resistance of right shoulder.
Find shorting opportunities, even many scripts are looking bearish at this point.
workhard
stayhumble
stayblessed
This is a weekly chart of ShriRam transport Finance Limited.
As shown above stock has given a bearish Head and Shoulder pattern at all time highs on long term charts which signals the big rally it had may be coming to an end.
Sell stock on rallies towards 1180 1220. Positional targets are 940 and 880
MUTHOOTFIN looks looks weak for short term and struggling for a proper bounceback.
Sell Below: 375 for targets -
T1: 356
T2: 349
T3: 341
SL: 393.8
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss...
Based on my PredictiveSystem's signals, its going to be a RED candle on 31-May-2018 for LICHSGFIN
Sell Below: 475.1 for targets -
T1: 471.5
T2: 469.4
T3: 467.2
SL: 478.9
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before...
Based on my PredictiveSystem's signals, its going to be a GREEN candle on 31-May-2018 for BAJFINANCE
Buy Above: 2124.3 for targets -
T1: 2140.2
T2: 2149.8
T3: 2159.8
SL: 2107.3
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before...
I am back after a long relaxing rejuvenating vacation. :-) :-)
Based on my PredictiveSystem's signals, today (07-May) its going to be a RED candle for NSE:M_MFIN
Sell below: 503.6
Target-1: 499.6
Target-2: 497.7
Target-3: 495.3
Stop loss: 508.2
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider...
Based on my PredictiveSystem's signals, tomorrow (09-Apr) its going to be a RED candle for NSE:MUTHOOTFIN
Sell below: 426.4
Target-1: 423.3
Target-2: 421.3
Stop loss: 429.9
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research before...
Trends have been quite negative and despite the bullishness seen on the markets this stock has only headed lower. The prices have now breached the important supports and could tread lower. The prices are already trading below the ascending trendline. With the prices now breaching important supports on higher timeframes and the momentum too not supporting the...
A mega project was awarded to State-owned construction firm NBCC Ltd worth Rs 3,200 crore project from the union finance ministry to develop a residential-cum-office complex in Mumbai.The prices had been showing some promise for the past few days but were curbed by the median line. However the strong breakout above the median line does spell well for the...
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