Upcoming opportunityWait for breakout, even bank nifty looking bullish and going to break strong support foe bull run.
Fundamental-analysis
SBI Range boundSBI must break 200 levels to give further movement upside.
With a solid previous quarter results, Holding and waiting for the breakout.
Indigo - Price ActionInterglobe Aviation approves fundraising via QIP; company to raise up to Rs 4,000 cr (From Agencies)
The day candle is suggestive of an upward movement.
Buy above 957 for 965, 975, 980, 990, 1000
Bandhan Bank - RBI Effect BetRBI's loan restructuring for MSME may have a positive effect on Bandhan Bank's price. ( Or opposite Jumla! but I won't take short trades tomorrow).
Positional Ideas:
Buy above 308.8 for 313, 315.5, 320, 330 with SL at 303 (I would take these only - explained above)
Sell below 295 with for 285 with 5 point trailing SL
Quote-
Typically a loan restructuring allows a borrower some flexibility in terms of extension of the period of loan EMI, interest payment so as to help the borrower buy more time to pay off his loan to the lender. Loan restructuring helps the lender to save on higher provisioning as otherwise, banks have to make higher provisions on default or a non-performing asset (NPA) which impacts their profitability.
From the NBFC space, Shriram City union finance has high exposure to SME/MSME book at 57%, MAS Financial has 65% exposure to SME/MSME book, Bajaj Finance 13%, Magma Fincorp 11.5%. Banks that have high exposure to SME/MSME/Micro book are Bandhan Bank 68%, SBI at 14%, Axis bank 11%, Indusind bank 33%, Au small finance bank 16%.
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Additionally, the large volume without substantial price movement indicate two things:
1. BTST trade - so in case of gap-up opening, ill wait for price to stabilise & Will wait for confirmation before taking long positions.
2. Late Buying Interest - Favour Long Positions more. So ill be extra careful when taking short positions.
Disclaimer:
Being an Engineer + MBA Finance, I bet on my Strong Fundamentals & analytical skills! But I am new to technical analysis & trading (3 months now). Every weekend,I study some new trading concepts and publish analysis & take trades on them. There are NOT trading advice!
The intention is to gather feedback on them, so please drop in a comment if you find areas of improvement.
& If the idea makes sense to you - please do Like to give me confidence to take trades on them.
ALLCargo: Buy on dips for the Long Term
To me Rs 92 looks like a very attractive buy.
Rs 50 crore + run rate of Net Profit on a 2000 cr Mcap Company is really a great place to start.
Wait for the results for trading on MondayITC as forecasted in my previous cup breakout analysis is in a historical price value area between 194 and 203.
Depending on how the results are vis-a-vis expectations of the market movers (MF, banks, investors); the breakout may happen in either direction or a side-ways movement.
For breakout up; wait for a close above 206
Fore breakout below; wait for a close below 190.
The value area is open for scalping.
PVR - 10%+ if you shortVery strong resistance.
High volume bars.
Nifty also going in bear zone.
Malls are far from opening
Limited new movie releases.
Fundamentally and also technically - this stock will go down as fast as it has come up.
I am expecting this to give 10%+ return in coming week if you go short.
Bulish pattern formation in dabur..!!Go long after the triangle breakout arounnd 467 levels
Stoploss at 456
Target : 480 + (Short term)
Metal Sector on very important level..!!!!!.. Don't Miss IT..Metal sector is on very critical area if this Resistance breaks than long upside rally will come.
Watch out this three metal shares:
1) JSWSTEEL
2) TATASTEEL
3)JINDALSTEEL
Buying opportunity......Chinese Double bottom formation !!Ticks :
1) Chinese double bottom formation.
2) volume conformation.
3) Range breakout.
4) Lockdown is getting over periodically.
5) High MF and Fii holding.
6) Fundamentally sound stock.
Buy : current level
Targets: 1038 (short term)
** Can look out for long term also.
rvnlHold 3 months . Fundamentally very strong
26.5 target
Accumulate 23 to 23.5 in between.
15% returns
sbilife good fundamentals.
long-run has good growth.
good to enter below 900 to 840 in between.
it will be doubled in two years
#TATAPOWERLONGTREMINVESTMENTTata Power is trading @ cheap value.
Demand zone stand @ 48.95-25.00, SL@16.25
#GujaratStatePetronetLtd, #1YearIn Gujarat state petronet Ltd. found a intrinsic value @246 but the price is below from this. this is a best time to buy GSPL at demand level @146.8 SL @116.50
GujGas Logterm #1 YearFundamentally found intrinstic value in Gujgas @ 169.75 and SL@159.85-145.00 target as your comfort.
DLF - Bottoming Out - Good Investment in Real Estate SectorTechnicals:
Firstly, The chart has broken channel and then retested the upper trend line of the channel and confirmed it as support and it started moving up indicating a positive move to upside. A further positive close above the channel shall lead to the prices to go up to 200-225 levels, with technical stop at 160 levels.
Fundamentals:
The company has reduced the debt with a large number of approx. 10000 cr. found in the last year balance sheet. It is still in a process to reduce further debt, which shall improve the bottom line of the company. Real Estate sector expected to improve after 5 years of sluggish run, which may uptick the revenue of the company. The company is trading near to book value which is another plus point in long term investment. It is assumed that the price shall trade at least 2-2.5x to its books value, which may bring the prices to around 300-350 levels in coming time.
RBL Bank Volatility Sell and Buy Pressure | Trade Nivesh RBL Technical RBL Create Buying Pressure at 684 and selling Pressure at 675.50
RBL Fundamental RBL Bank has informed that the Board of Directors recommended a final dividend of Rs 2.70 per equity share. The bank's Q4 net profit has jumped 39 percent at Rs 247cr. However, the stock is trading one percent lower.
POSITIONAL STOCKS FOR 2-3 MONTHWe have shortlisted some stocks as per the fundamental analysis for the positional trading but we do not enter into any trade with only fundamental.
We use our trading strategy to enter into the trade and the strategy based on price action technical analysis. We always wait for our setup to enter into the trade.
We take the trade only if the particular stock meets all our entry criteria, Most of the time we take entries in a lower timeframe like 15 minute or 1-hour timeframe.
There are lots of research behind the stock selection and the trading strategy, So please do not invest without proper knowledge, Do your own research before investing or trading.
And this list will be updated according to the market movement.
These are the stock list for the month
1 - SPENCERS RETAILS
2 - CESC
3 - GRUH FINANCE
4 - CHALET HOTELS
5 - PAGE INDUSTRIES
6 - BERGER PAINTS
