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Crypto Price Prediction – BNB Coin Price Technical AnalysisBNB coin priced at $243. From technical analysis perspective, Binance coin BNB price chart today presently experiencing downtrend on the daily timeframe. The price resides below the 50 and 20 weekly EMA indicating bearish sentiment. Crypto price prediction technical analysis on daily timeframe. To comprehend the existing level of support and resistance for binance coin BNB, we must examine the historical price data. Analyzing BNB coin price daily chart reveals trading range of $242 to $261 over the recent days. Binance coin BNB crucial support level lies at $234 significantly impacting the cryptocurrency. A dip below this level could potentially lead to further price decline, with the subsequent support level positioned at $219. BNB token price current resistance level resides at $266. A successful breakthrough beyond this level may initiate bullish trend with the subsequent resistance level set at $286 and $301. Disclaimer: This technical analysis article is for informational purposes only and does not constitute financial, legal or investment advice. Please do your own research before making any decisions.
by coinfta
2
Indigo can paint your portfolio green!Indigo paints had a bumper listing during its IPO with 100% premium over issue price. However, since its listing, it has been in a downtrend and has corrected to an attractive valuation. The stock has already broken the downtrend and is now looking strong for a new upmove. The targets and SL are given in the chart. One can enter at CMP if his/her outlook is of a longer horizon. Please note that idea is shared just for educational purposes!
NSE:INDIGOPNTSLong
by chartistamey
1
Clear Flag and pole pattern in Ramco Cement.Ramco Cement is forming a flag and pole pattern on the weekly charts and there is a bullish moving averages cross over. Stock has been consolidating for a month and is trading in a 40 points range. The break out can give good 150+ points as per the measure target. Indian markets are trading near the ATH and stock will follow the indices. On the daily time frame, the stock is respecting the 20 EMA and is taking good support from it. RSI indicator is showing some negative divergence and is around 50 levels. Entry :- Above 950 Target :- 1037, 1090 Swing and positional trades can be initiated in the stock. Even short term stock purchase can also be created in the stock. Wait for the market to show some break out as there is a bullish pattern formation.
NSE:RAMCOCEM
by Mambotrade
DCB BANK - IN DEPTH ANALYSISBUY - DCB BANK LTD CMP - Rs. 100 Target - 1: Rs. 123 Target - 2: Rs. 140 Target - 3: Rs. 160 . . Technicals - 1) Bullish Flag Pattern (Before Breakout) . . Fundamentals - DCB Bank Limited (NSE:DCBBANK) is a scheduled commercial bank that provides a range of banking and financial services to its customers. The bank operates in India and has a strong presence in the states of Maharashtra, Gujarat, Andhra Pradesh, and Karnataka. 1) Financial Performance: DCB Bank's financial performance has been consistently improving over the past few years. Its revenue grew at a CAGR of 13.6% from FY2017 to FY2021. However, the bank's profitability has been inconsistent, with net profit declining by 22.3% in FY2020 before recovering by 31.8% in FY2021. The bank's Return on Equity (ROE) has also been inconsistent, with a low of 4.2% in FY2020, and a high of 10.5% in FY2019. In Q3FY22, DCB Bank's net profit grew by 41% YoY and NII by 14% YoY. 2) Asset Quality: DCB Bank has maintained a relatively healthy asset quality, with gross non-performing assets (GNPA) ratio of 1.84% and net non-performing assets (NNPA) ratio of 0.54% as of December 31, 2021. The bank has also been proactive in recognizing and providing for bad loans. Its provision coverage ratio (PCR) stood at 83.84% as of December 31, 2021. 3) Capital Adequacy: DCB Bank has maintained a healthy capital adequacy ratio (CAR), which stood at 15.29% as of December 31, 2021. The bank has been raising capital through various means, including QIPs and the issuance of Tier-II bonds, to support its growth plans. 4) Valuation: DCB Bank is currently trading at a price-to-earnings (P/E) ratio of 21.7x, which is higher than the industry average of 16.7x. The bank's price-to-book (P/B) ratio of 1.7x is also higher than the industry average of 1.5x. However, the bank's dividend yield of 1.5% is higher than the industry average of 1.3%. 5) Growth prospects: DCB Bank has been expanding its branch network and digital capabilities to drive growth. The bank has a total of 345 branches and plans to add 20-25 new branches every year. The bank has also been focusing on building its digital capabilities and has launched various initiatives such as mobile banking, internet banking, and digital lending. The bank has set a target of achieving 25% of its total loans through digital channels by FY2024. In conclusion, DCB Bank has maintained healthy asset quality and capital adequacy and has been expanding its branch network and digital capabilities to drive growth. However, the bank's profitability has been inconsistent, and its valuations are higher than the industry average. Investors should keep these factors in mind before making an investment decision in DCB Bank. . . Follow me for more!
NSE:DCBBANKLong
by nilakshgupta