Gold Moveim seen the clear lavel gold, to move strong support 2585-2590 zone .im plane to short if market open with rejections. and buy with good lots to this same zone.....
Fundamental Analysis
BATAINDIA (MAYBE DOUBLE BOTTOM)A double bottom is a bullish reversal pattern that typically forms after a downtrend. It resembles the letter “W” and indicates that the stock price has hit a support level twice before moving higher. Here’s a breakdown of the pattern:
First Bottom: The price falls to a new low and then rebounds.
Second Bottom: After the rebound, the price falls again to approximately the same level as the first bottom, creating a support level.
Neckline: The highest point between the two bottoms is called the neckline. When the price breaks above this level, it confirms the pattern.
Key Points to Note:
Volume: Volume often decreases during the formation of the pattern and increases when the price breaks above the neckline.
Confirmation: The pattern is confirmed when the price closes above the neckline.
Target Price: The expected price target after the breakout is typically the distance from the bottoms to the neckline, added to the breakout point.
GUJ.POL INDUSTIRES (15 YEARS OF CONSOLIDATION )Gujarat Apollo Industries Ltd. - Fundamental Analysis
Gujarat Apollo Industries Ltd. is primarily engaged in the manufacturing of mining and road construction machinery. Here are some key fundamental aspects of the company:
Financial Overview:
Revenue: The company has shown a decline in revenue over the past few quarters1.
Net Profit: The net profit has been consistent, with a slight increase in the latest quarter1.
Earnings Per Share (EPS): The trailing twelve months (TTM) EPS is around ₹101.
Dividend: The company has declared a final dividend of ₹2 per share for the financial year 2023-242.
Valuation Metrics:
Price-to-Earnings (P/E) Ratio: The P/E ratio is 38.93, which is considered high1.
Price-to-Book (P/B) Ratio: The P/B ratio is 0.961.
Shareholding Pattern:
Promoters: The promoters hold 54.64% of the shares1.
Institutional Investors: There has been a slight decrease in promoter holdings recently1.
Strengths and Weaknesses:
Strengths: The stock shows strong momentum, trading above its short, medium, and long-term moving averages1.
Weaknesses: The company has experienced declining revenue for the past three quarters1.
Opportunities and Threats:
Opportunities: Positive breakout potential and strong performer in its sector1.
Threats: Decreasing promoter shareholding could be a concern1.
At strong supportIdfc first bank is at strong support may bounce back from hear. but we will wait untill it start trading above 200 ema and break the trendline
SEQUENT SCIENCTIFIC LTD (MASSIVE VOLUME )Characteristics of a Rounding Bottom:
Shape: The pattern looks like a “U” or a bowl, indicating a slow and steady shift from a downtrend to an uptrend.
Volume: Volume typically decreases as the price declines and forms the bottom, then increases as the price starts to rise.
Duration: This pattern can take several weeks to several months to form, making it more common in longer time frames.
How to Trade a Rounding Bottom:
Entry Point: Consider entering a long position when the price breaks above the resistance level formed at the top of the pattern.
Stop Loss: Place a stop loss below the lowest point of the rounding bottom to manage risk.
Target Price: The target price can be estimated by measuring the depth of the pattern and projecting it upwards from the breakout point.
Example:
Imagine a stock that has been in a downtrend, but over several months, it starts to form a rounding bottom. As the price begins to rise and breaks above the resistance level, it signals a potential uptrend, providing a buying opportunity.
BUY TODAY SELL TOMORROW for 5% By Kapil-MittalDON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Cup and Handle Breakout in RENUKA
BUY TODAY SELL TOMORROW for 5%
Jio Financial Services LtdNSE:JIOFIN
Long Position on Jio Financial Services Ltd
Best Buy : 280+
Stop Loss : Below 255
Targets; 310/360/400/440+++++
About:
Jio Financial Services Ltd, a subsidiary of Reliance Industries Limited (RIL), has been rapidly expanding its footprint in the financial services sector, leveraging the extensive customer base of Jio Platforms. With India's growing digital adoption and increasing demand for fintech solutions, Jio Financial Services is well-positioned to capitalize on these trends. Additionally, the backing of RIL provides stability and resources for sustained growth .
Technical :
Breakout of ascending triangle pattern.
Good support from lower levels.
Breakout with good volume.
Good Risk to Reward Ratio.
Thanks & Happy Trading
Disclaimer:
This idea is only for educational purposes,
Please Trade at your own RISK''
Near Protocol Swing Update - Near Protocol is currently trading at 5.3$
- Near printed 52% from my previous call out and now I believe the time has come when we can see it retracing back to the Bullish Fair Value Gap drawn
- The pump and the move were quite impulsive and if you didn't catch it at its base there is no point in catching it this late
- If you are interested in buying Near then it is better you wait for conservative entries and wait for the FVG to get filled first
- Till then sit at the sidelines
WALLING WEDGE BREAKOUT (EXIDE)A falling wedge is a bullish chart pattern used in technical analysis. It is characterized by two converging trend lines that slope downwards, forming a cone shape. The pattern indicates that the price of a security is likely to reverse and move higher after a period of decline. Here are the key features:
Converging Trend Lines: The highs and lows of the price action converge, creating a narrowing wedge.
Volume Decline: Typically, volume decreases as the pattern forms.
Breakout: A bullish signal is confirmed when the price breaks above the upper trend line12.
This pattern suggests a decrease in downside momentum and the potential for a trend reversal3.
Continuous Accumulation With Consistent VolumesNSE:RENUKA has been Continuously Accumulated with Consistent Volumes in the past 4 Months with Positive Cues on Ethanol on the Domestic Front adding to Brazil's Wildfires on the Global Front. Today it Broke the Consolidation Range with Heavy Volumes.
A Close above 54 Levels will have more Upside, and 47 Will be a Crucial Level to Defend the Accumulation Zone is Crucial. Keep a Watch.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
HDFC BANK - AN INVESTMENT PICK AT MOUTHWATERING VALUATION?The HDFC Bank extended decline today, after marking its biggest single-day drop since March 2020.In the last two days alone, HDFC Bank has corrected more than 12%.
This decline is fine but there's another picture to it which no one is talking about.
While there is so much panic among investors and traders but this panic can be a good investment opportunity.
There exists a curve resistance at long term charts around 1700-1720 levels which HDFC respected this time also and fell from that level.
On the other hand, If we talk about technical patterns, There is a clear Inverse Head & Shoulders pattern in making at long term charts. Such long term chart patterns don't fail most of the time.
HDFC current market price is 1500 and It is trading at a support zone of 1480-1500 & valuation is good at cmp.
Inverse Head & Shoulders pattern breakout level is 1690-1700.
Breakout of this pattern will take it to 2200 levels which is approximate 46-47% upside from current level. Incase It falls further, then It can be added more at 1450-1420-1400 levels.
This could be a great investment for long term investors.
BUY GOLDIn my opinion, I am looking to buy , which is a strong DEMAND ZONE. It is not advisable to enter without confirmation from a lower TF
USDT Dominance Update - USDT Dominance is currently trading at 5.31%
- USDT is at its crucial support or demand zone
- This signifies we can soon expect a drop in the prices of cryptos
- Watch out for your Spot Longs and try locking in gains before market goes back to your cost
- I have locked in 50% gains in many positions and I will plan to add fresh positions once I see a dip again
potential turnaround stockReasons to consider investment
1. Promoter group is going to subscribe to warrants that will take its shareholding up from 27% to 41%
2. Company is set to receive 5000 crores INR from a decade long legal battle with Longshen/Senda over its minority shareholding in Dystar.
3. Company is going to enter into an unrelated sector of copper rod mfg and fertilizer mfg.
4. Promoters have executed a loan facility to most likely start the construction of the copper rod and fertilizer plant after execution of an MOU 2 years back with the gujarat state govt. However, the EC for the project maybe still hanging in the balance.
5. Dystar enbloc sale process has started by Deloitte on courts directive and is expected to close in 6 to 9 months.. the aggrieved party has approached the supreme court of Singapore for challenging priority payment to Kiri out of the sale proceeds of Dystar..therefore there will not be rollback of liquidation of Dystar..it is a question of how the cake is to be divided between the owners if the sale price is below a certain value.
Fair warning:
Promoter integrity is something that we have to take individual call on.
If Dystar sale is delayed the payout to Kiri will be delayed.
Other legal wrangles that can comeup.
Clarity on the EC to the greenfield project of copper rod and fertilizer.
Even if all of the above happens this is a long term investment idea, i.e., 4 to 5 years
Time for China to rise from AshesChina Hang Sang Index showing strength.
Can it touch new highs? It can with fundamental changes.
1. Liquidity Boost: Over 128 billion yuan added through reverse repos and MLF.
2. Rate Cuts: 14-day repo rate cut to 1.85% to ease borrowing costs.
Stock in the Demand Zone: Shipping Corporation of IndiaSCI has been in a downtrend since the second week of July 2024.
It has fallen significantly from the peak value of 345 to 258 levels.
In the last few sessions, it has significantly increased along with decent volume buildup and broke the previous resistance of 260 levels.
Resistance levels: 291, 328.
Support levels: 265, 240, 217 levels.
Stock in downtrend: Zensar TechnologiesZensar has been in a downtrend for a long time.
It was trading in a range between 728 to 798 for four months.
It has just broken the support of 728 and trading around 691.
20EMA (Black line) is looking weak and may fall below 50 EMA (Orange line) if the trend continues.
Support levels: 652, 606, 561
The bearishness could be due to the marginal dip in net profit in Jun 2024 quarter (Rs. 157 cr) when compared with Mar 2024 (Rs. 173 cr).
Turning Bullish: Karur Vysya Bank (KVB)KVB has turned bullish by taking strong support from 206 levels.
It broke the previously held strong resistance of 215 and trading near 219 levels.
Strong bullish momentum is visible in short, medium, and long-term moving averages.
Pros based on the research from fundamental analysis:
Increasing Net Cash Flow and Operating Cash.
High TTM EPS Growth company.
Recent quarters showed good growth.
In the last two years, RoCE has improved.
Effective use of shareholders funds—ROE up in previous two years.
ROA has increased over the past two years due to efficient asset management.
Increased Quarterly Net Profit and Profit Margin.
Low-Debt Company.
Revenue growth every quarter for 4 quarters.
Profit growth every quarter for 4 quarters.
Solid core business cash generation—improving cash flow from operation for 2 years.
The company has improved its net cash flow for 2 years.
Two years of rising annual net profits.
2 years of increasing book value per share.
Declining Promoter Pledge Company.
Revised Target: 270
Turning Bullish: NLC IndiaNLC India has turned bullish recently.
It has a strong resistance around 300. 310 levels.
Support is present 260, 232 levels.
It has bullish momentum in short, medium, and long-term moving averages.
MACD crossover above the signal line indicating a bullish trend.
NLC has continuously grown in Net Profit with increasing Profit Margin (QoQ).
It has also recorded consistent Quarterly Net Profit growth with increasing Profit Margin (YoY).
Turning Bullish: CDSLCDSL has turned bullish by taking support around 1485 levels.
It has bullish momentum Above Short, Medium and Long Term Moving Averages.
The stock has a strong resistance around 1665 levels.
Support levels: 1485, 1390, 1290, 1193 levels.
Target levels: 2000 - 2370 (one year) based on fundamental analysis.
Pros:
* FII/FPI have increased holdings from 11.38% to 14.00% in Jun 2024 qtr.
* Institutional Investors have increased holdings from 34.52% to 38.92% in Jun 2024 qtr.
* Reported high TTM EPS Growth.
* Strong growth in Quarterly Net Profit with increasing Profit Margin (YoY).
Turning Bullish: Zee Media Corporation (ZEEMEDIA)Zee Media has given a strong breakout.
Resistance levels: 17.6, 16.6,
Support levels: 15.5, 14.4, 12.3
20 EMA crossed 50 EMA with good Volume.
Fundamentals are not great.
The company has delivered a poor sales growth of -1.46% over past five years.
E-Waste Management Stock:Eco Recycling LtdEco Recycling Ltd is India's premier E-waste management company providing comprehensive solutions including Reverse Logistics, Data Destruction, Information Technology Asset Disposition (ITAD), E-waste Recycling, Lamp Recycling, Precious Metal Recovery, and the implementation of Extended Producer Responsibility (EPR) and Corporate Social Responsibility (CSR) initiatives, as well as Recycling on Wheels-SmartER.
You can enter if the support level 927 is retained on weekly closing.
Key Points:
ECORECYCLING has significantly (24%) fallen from the all-time high of 1214.
It is currently trading around 927 levels.
Resistance levels: 1045
Support zones: 899, 820,749 levels
Pros:
* Company with high TTM EPS Growth
* Strong Annual EPS Growth
* Increasing Net Profit and Profit Margin QoQ
* Company with No Debt, Increasing Revenue for the last four Quarters, and Zero Promoter
Pledge.
* YoY operating profit growth with higher margins
Turning Bullish: COAL INDIACoal India has turned bullish recently.
The stock is trading around key level of 506.
Resistance levels: 521, 537
Support levels: 484, 459, 436, 408.
You can enter for long-term partially.
However, if 20 EMA (Black line) crosses above 50 EMA (Orange trend) along with good volume, we can confirm the bullish trend.
Pros:
The company is almost free of debt.
The stock offers a commendable dividend yield of 5.03%.
The company has an excellent return on equity (ROE) history. Three-Year Return on Equity: 52.8%
The company has maintained a robust dividend distribution of 49.8%.
