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Fundamental Analysis

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 Trendline Breakout in SHK BUY TODAY SELL TOMORROW for 5%
NSE:SHK
by Kapil-Mittal
7
Gold price analysis todayFundamental Analysis Gold prices fell after hitting a fresh all-time high around the $2,640 region on Tuesday and slid to the lower end of its daily range heading into the European session. Rising US Treasury yields helped revive demand for the US Dollar (USD), prompting some profit-taking around the commodity amid a mildly overbought condition on the daily chart. However, any meaningful corrective decline in Gold prices appears to be limited after the Federal Reserve (Fed) stepped up bets on more aggressive policy easing. Additionally, persistent geopolitical risks, US political uncertainty and a gloomy global economic outlook will support the safe-haven XAU/USD as traders look to Fed Governor Michelle Bowman’s speech for fresh impetus. Technical Analysis Gold retreats from the 2640 peak. Technically, wave 5 of the Elliot wave has completed and the ABC correction wave is forming towards 2604. If the 2624 zone where gold is currently located is broken, we will get the 2603 level when the US session jumps in. If the European session price cannot break 2625, we will still wait and prioritize the sell side when retesting the 2640 peak. The 2593-2595 zone is considered a good buy zone. Upper resistance: 2640 - 2645 - 2650 - 2658 Support: 2615 - 2610 - 2605 - 2600 - 2688 - 2657 Sell 2654 - 2656. Stoploss 2659 Sell 2640-2642. Stoploss 2445 Canh BUY scalp 2615 Canh BUY 2604 - 2606. Stoploss 2600 Canh BUY 2593-2595. Stoploss 2590
OANDA:XAUUSD
by TVS-Trader
USDJPY: Bears have strong reasons to regain controlAs Yen traders return from a long weekend, the USDJPY is testing its recent dip from a five-week-old downward resistance line, influenced by a rebound in the US Dollar. It’s worth noting that the quote’s recovery in the last week benefited from positive signals from the RSI and MACD indicators, bouncing back from a nine-month horizontal support zone. Sellers keep the reins While USDJPY buyers are making their presence felt, a bearish RSI divergence and a moving average crossover, combined with the resistance line, keep sellers optimistic about potential downward moves. The 100-day Exponential Moving Average (EMA) has crossed below the 200-EMA, signaling a bearish trend. Additionally, the higher high on the indicator contrasts with the lower high in prices, reinforcing the bearish RSI divergence. Key technical levels to watch Sellers will gain confidence if USDJPY breaks below a seven-week horizontal support area around 141.70-80. However, the lows from December 2023 and September 2024 pose a challenge for bears at 140.20-139.60. If the pair drops below 139.60, it could test the mid-2023 low near 137.30. On the flip side, buyers will initially target the falling resistance line around 144.25. If successful, they may then aim for the monthly high and late August peak near 147.20 and 149.40, respectively. Additionally, the 150.00 level acts as an important barrier for any upward movement. Bulls face more challenges than bears Whether through technical signals or the differing monetary policies of the Bank of Japan (BoJ) and the US Federal Reserve (Fed), USDJPY sellers face a relatively smoother journey compared to buyers.
by MTradingGlobal
Force Motors: A Technical and Fundamental Play in Demand ZoneWelcome traders! Today, we're diving deep into Force Motors, a stock currently sitting in a significant demand zone. Let’s break down the technical and fundamental aspects that make this stock an interesting opportunity. Monthly and Weekly Demand Zones: When we look at the monthly chart , Force Motors is currently trading in a strong Rally Base Rally (RBR) demand zone . This zone is a crucial area where price often finds support and can lead to a bounce back. If we zoom into the weekly chart , we notice that the price has already reacted from a weekly RBR demand zone nested inside the monthly zone. Last week’s candle formation is notable because it’s an absorption candle , indicating that the selling pressure has been taken over by buyers. 📊 Volume Analysis: The presence of large green volume bars compared to smaller red bars further suggests that the selling is minimal, showing a clear sign of strength. The price is currently in a healthy pullback from its all-time high, which often provides a great buying opportunity for savvy traders. 🧠 Fundamental Strength: A Company on the Rise 💪 Force Motors is not just looking good technically; its fundamentals are also rock solid. The company's Piotroski F-score is 9, indicating strong financial health. This score assesses several financial criteria, including profitability, leverage, and operating efficiency, confirming that the company is fundamentally sound. Recent quarterly (June 2024) numbers are impressive: Net Sales: Rs 1,884.90 crore in June 2024, up 26.71% from June 2023. Net Profit: Rs. 115.70 crore in June 2024, up 68.76% from June 2023. EBITDA: Rs. 264.13 crore, up 37.52% from June 2023. EPS: Increased to Rs. 87.81 from Rs. 52.04 in June 2023. These numbers reflect not just growth but also consistent performance. Such fundamentals often provide a safety net for technical setups, adding an extra layer of confidence. 🔍 Institutional Interest: The Big Players Are Watching 👀 We always like to see where institutional money is flowing because it often moves the market. For Force Motors, the institutional investment data is promising: FII/FPI holdings have increased from 6.34% to 7.78% in the June 2024 quarter. Number of FII/FPI investors rose from 124 to 160. Institutional Investors’ holdings jumped from 7.20% to 8.80%. This surge in institutional interest tells us that the big players are finding value in Force Motors at these levels. Their buying can lead to further price appreciation as they tend to have a long-term view. The current price is trading in area where institutions have increased their stakes most probably, indicating that these monthly and weekly demand zones are genuine footprints of smart money. This means we are aligning our trades with institutional players. The likelihood of the price falling from this area is quite low because institutions typically protect their positions. These demand zones suggest that there may be pending or unfilled buy orders from smart money, so entering a trade here means we are trading alongside these big players. 💡 Trade Setup: A Clear Plan for Traders 🗺️ Based on the technical and fundamental analysis, here’s a potential trade setup: Entry: You can consider buying at the current price level, which is within the strong demand zone. Stop Loss: Place your SL below the demand zone or, if you don't want to take big risk, just keep SL below last week’s candle low with a buffer. Target: Aim for at least a 1:2 risk-reward ratio. You can ride the rally by trailing your stop-loss, ensuring you lock in gains as the stock moves in your favor ⚠️ A Word of Caution: Always Manage Your Risk Trading is about probabilities, not certainties. Even the best setups can fail, so always manage your risk. This analysis is for educational purposes only. I'm not a SEBI registered analyst, and you should do your own research before making any trading decisions. 🔥 Keep Trading and Keep Growing! 📈💪 "Success in trading is not about being right, but about managing your risk and emotions." 💡 Thank you for your support, likes, and comments. Feel free to ask any questions! Your interaction keeps me motivated to share more valuable insights. Happy trading, and may the markets be ever in your favor! 🎯🚀
NSE:FORCEMOTLong
by AfnanTAjuddin
2
NBCC (India) strong bullish trendNBCC (India) Rises After Subsidiary Secures Major Order. NBCC (India) Rises After Subsidiary Secures Major Order. Shares of NBCC (India) Ltd gained as much as 2.5%, reaching ₹178.5. The engineering and construction company announced that its subsidiary received a work order worth ₹12.61 billion ($150.95 million) for the establishment of AIIMS in Darbhanga. The stock is on track for its second consecutive day of gains. Today over 6.9 million shares had been traded, contributing to the more than 224 million shares exchanged this month. NBCC shares are up 2%, bringing the year-to-date gains to 117.9%. Spot Price - 176.33 Price Prediction 198 - 210 - 230 Positional Trade #nbcc #positionaltrade #intradaytrading #INTRADAY #SwingTrading #OptionsTrading #nifty50 #IPOAlert #Multibagger #StocksToBuy #stockstowatch #StocksToBuy #stockmarketsindia #MultiBagger #Multiyear #Investing #Nifty #Finnifty
NSE:NBCCLong
by AvayaFintech
Special Situation Pick - Aavas Financiers Ltd. (Open Offer)- A Techno - Funda pick for medium to long term with a risk (stoploss) of 7% from CMP i.e., 1766(Open offer price). - Technically a Stage 2 stock with a double bottom (more likely that this will work) - With Fed rate cuts RBI likely to cut rates as well, Affordable housing finance companies likely to benefit from rate cuts as it will decrease cost of borrowing for them. - Fundamentally also a cheap valuation company compared to peers. - A company with a solid management track record. # Just for information purpose. Please DYDD. Happy Trading Readers!
NSE:AAVASLong
by itsabeinghumanything
Devyani International Ltd. (DIL) Analysis: A Techno FundaFundamental Analysis: Devyani International Ltd. (DIL) is a leading player in the Indian food and beverage sector, operating well-known franchise brands such as Pizza Hut, KFC, and Costa Coffee. 1. Business Overview: DIL holds a strong portfolio with global QSR (Quick Service Restaurants) brands, leveraging its vast network across India and several international markets. Its franchise agreements provide the company access to world-class products and marketing strategies. This strategic positioning gives it a competitive edge in the growing QSR market. 2. Financial Performance: Revenue Growth: The company has shown consistent revenue growth over the past few years, driven by strong demand in the QSR space. FY23 reported solid sales, attributed to increased consumer spending post-pandemic and aggressive expansion strategies. Profitability: Operating margins have been improving, mainly due to cost optimizations and increasing average order values across delivery and dine-in. Debt Levels: DIL's debt has been manageable. The company focuses on reducing its debt-to-equity ratio, improving long-term financial health. Expansion Plans: The aggressive store addition strategy in both metro and tier-2/3 cities has expanded their market share, with over 1,200 stores across 27 states. Such growth potential is attractive for long-term investors. 3. Valuation: PE Ratio: The stock currently trades at a price-to-earnings (PE) ratio higher than the industry average, indicating investor confidence but also a need to deliver robust earnings in the future to justify its valuation. Earnings Per Share (EPS): EPS growth is promising, with strong potential for future earnings as the Indian QSR market expands. 4. Key Risks: Competition: Intense competition from domestic and international players could pressure margins. Inflation and Supply Chain Costs: Rising raw material prices could impact profitability. Franchise Risks: Dependence on franchising contracts for top brands makes it vulnerable to changes in agreement terms. Technical Analysis: 1. Price Trends: Long-Term Trend: The stock has been in an uptrend since its IPO, reflecting investor optimism. Moving Averages: The stock is trading above its 50-day and 200-day simple moving averages (SMA), indicating bullish momentum. Short-term pullbacks have been absorbed quickly by the market, suggesting strong support levels. 2. Support and Resistance Levels: Support: A key support level is found near ₹160, where the stock has historically bounced back. Resistance: A major resistance level is around ₹230, where the stock has faced selling pressure. 3. Indicators: Relative Strength Index (RSI): The RSI currently hovers around 60-65, signaling that the stock is not overbought but has some room for further upside. MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, further confirming the ongoing bullish momentum. Volume: The stock has shown increasing trading volume during upward moves, signaling strength in the trend. Conclusion: Devyani International Ltd. has strong fundamentals, backed by an aggressive expansion plan, solid revenue growth, and improving margins. Technically, the stock is in a bullish phase, but traders should watch for pullbacks near key resistance levels. For long-term investors, the stock's potential growth in the Indian QSR market makes it an attractive buy, but cautious monitoring of valuation and competition risks is essential. Disclaimer: This analysis is for educational purposes only. Always consult with a financial advisor before making any investment decisions.
NSE:DEVYANILong
by Sanil1912
[Defensive] Nestle India - Breaking out of long term parallel chFundamentals Expensive stock. Hold if already invested. Technicals CMP - 2725 Bullish - Above EMA 9, 21,63, 200 on daily charts , RSI(14) is 70 Commentary As seen in the charts , the stock has been trading in the parallel channel since 2016, except in the recent months where the stock went through the 1:10 split, during which time, it crossed the parallel channel and reached its All time high levels of 2769. Since the split and given the economic condition, this scrip is a defensive stock and expected to remain resilient. However, given its historical high valuation, its a very risky "NEW" trade. View : T1 : Swing above ATH to 2800-2850 levels T2 : Once it crosses its ATH, hold for swing to 3000 T3 : 3200 Disclosure 1 - Invested Disclosure 2 - Not SEBI Registered Disclosure 3 - This is Not investment advice. Treat it as educational
NSE:NESTLEINDLong
by harishnarayan2579