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Finance leader - Poonawala fincorp techno-fundamental analysisPoonawala Fincorp - Finance sector Trade idea - Swing trade/short term momentum capturing - Entry - 400 on retest - Stoploss - 390 (-2.64%) - Position sizing - 20% of the capital - Target - 519.55 (30% of the breakout) Catalyst behind - Finance sector as a whole have come out with great results. - Reserve bank of India with their new policy for banks have created a major impact on finance sector also. - Quarterly diluted EPS - 410% up from previous years same quarter (we usually take diluted eps for concentrated analysis and the reason we compare from previous years quarter - because to hinder one time extraordinary earnings on sale of real estate or machinery) - Annual diluted EPS - 720% up from past 3 years (2020 2021 2022) superb earnings - Return on equity - 19.9% (considered great as its above average of 17%) - Total revenue - 16% up from previous years same quarter (record high earnings at 7440 Cr) Technical analysis - RSI weekly - crossing 60 - Price is above all trend moving averages - 20dma and 50dma it also took 200dma support - Bollinger band - Squeeze open (volatility contraction) - It had a shakeout before breakout which gives the confirmation that big institutions are behind this upsurge move. You can add on to positions when monthly breakout point above 425 crosses. Happy trading
NSE:POONAWALLALong
by Refex_capital
Bank Nifty Level for Tomorrow ( Price Action ) If market open Gap Up above 36240 and form green candle go long for 100-120 point. you can also wait to breaks 15 min high then take an entry Or If Market Open Flat and faces resistance at 36240 then go short if 36130 for 20 to 30 points and you can avoid if your risk ratio increase Or If Market open Gap Down above 35750 and 15 min green candle high breaks go long for 100 - 150 points If the Market goes sideways avoid trade All advice is for educational purposes
NSE:BANKNIFTY
by Mayurnavhale
Bank Nifty Level for Tomorrow ( Price Action ) If Tomorrow market open gap down above 35760 and sustain then go long if not then short for 100-120 Points if Market open flat and breaks 36200 level and 15 min candle close above 36200 then go long if high breaks for 150-200 Points Or If Market so sideways then only take if the given level breaks ]Major Resistance:- 36200-36700 Major Supports- 35450- 34860 Avoid trade for long if market go sideways All Advice is for Educational Purposes Before taking any investment decision concerns your financial advisor
NSE:BANKNIFTY
by Mayurnavhale
HIKAL LTDENTER ONLY AFTER 195 -200 ___ FOR SHORT TERM so many confirmations are there .... in monthly time frame it has formed head and shoulder pattern flag ---- in daily time frame and has taken resistance from 185 ... FOR INTRADAY YOU CAN ENTER @ 186 with stop loss of 6 rs and target of 195 (only for risky trader) according to my study it is a pharma company and NIFTY PHARMA will be also bullish for more 1500 points apprx . and now it is above 50 and 200 DMA and SMA so all over technically it is busllish and according to EWT it will enter in 3rd wave after 200 but financially it is very weak but you can go for short term above 195-200
NSE:HIKALLong
by TRADING_DUNIYA
My PredictiveEngine's Intraday call(31-May-18)-BAJAJFINSV-LongBased on my PredictiveSystem's signals, its going to be a GREEN candle on 31-May-2018 for BAJAJFINSV Buy Above: 5973.9 for targets - T1: 6018.7 T2: 6045.6 T3: 6073.7 SL: 5926.1 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 made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
NSE:BAJAJFINSVLong
by MuthiahM
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