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Fundamental Analysis

BUY TODAY SELL TOMORROW for 5%DON’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 Pennant Breakout in IGARASHI BUY TODAY SELL TOMORROW for 5%
NSE:EIHAHOTELS
by Kapil-Mittal
4
ELECTCAST pattern looks like a "Cup and Handle" formation.1. **Cup and Handle Pattern**: - The pattern looks like a "Cup and Handle" formation. The cup is the rounded bottom, and the handle is the slight consolidation or pullback after the cup's high point. This is generally a bullish continuation pattern. - The breakout from the handle typically signals a bullish move. 2. **Trend Channel**: - The price is moving within an upward sloping channel, with the upper and lower bounds of the channel being parallel. - The current price is near the upper resistance of this channel, indicating that if the price breaks out, it might see a strong upward movement. 3. **Price Target**: - Based on the height of the cup, the projected price target after a breakout appears to be around ₹275, which is a 31% increase from the current level of ₹210. - This target is drawn vertically from the breakout point of the handle to the top of the potential move. 4. **Volume**: - There seems to be a slight increase in volume as the price moved up, supporting the bullish sentiment. However, the recent drop in volume could indicate a consolidation phase before the next big move. - The highest volume bar appears to correspond to a significant upward move, which is a positive sign. 5. **RSI**: - The RSI (Relative Strength Index) is around 57.75, which is in the neutral zone but slightly leaning towards the bullish side. - It’s not overbought or oversold, indicating that there might still be room for the price to move up. ### Conclusion: The chart suggests a potential bullish breakout from the cup and handle pattern, with a price target of around ₹275. However, the price is currently at the upper boundary of the trend channel, so it's crucial to watch for a confirmed breakout with increased volume. If the breakout occurs, the price could move towards the target, but if the resistance holds, there might be a pullback.
NSE:ELECTCASTLong
by brijmohan_h
Welspun Corp could excel in your Investment PortfolioInvestment Advice by Gooodluck Capital (SEBI Registered) Buy Welspun Corp NSE:WELCORP ● Buy Range (1) - CMP (current market price) ● Buy Range (2) - 660 - 665 ● Buy Range (3) - 620 - 630 ● Target - 960 - 970 ● Stoploss - below 500 ● Potential Return - 50 - 52% --------------------------------------- Approx investment period 18 - 24 months Company Overview Welspun Corp Limited manufactures and sells steel pipes, coatings, plates, and coils in the US, Europe, Saudi Arabia, and India. The company offers helically, longitudinally, and electric resistance welded pipes, pig iron and ductile iron pipes, billets, thermo mechanically treated rebars, stainless steel pipes, tubes, and bars. Its products are used in various industries, including oil, gas, water transmission, infrastructure, and defense. The company was incorporated in 1995 and is based in Mumbai, India. Sector - Iron & Steel Technical Analysis (1) In January 2008, the stock faced significant resistance around the 500 level, leading to a substantial price correction. (2) Over time, it established a support base near the 45 level, from which it began to rebound, climbing back towards the 300 level. (3) However, the stock struggled to break past the 300 threshold and eventually retreated to its former support. (4) Following this, it entered an extended phase of consolidation until it finally broke through the 300 level in July 2023. (5) This pivotal moment propelled the stock into strong upward momentum, culminating in a multi-year breakout at the 500 mark after nearly 16 years. (6) Subsequently, the stock not only maintained this breakout level but has also begun to steadily rise. Entry, Target & Stop-loss ● Entry with Capital allocation strategy (1) consider adding 40% of your desired quantity at the current market price. (2) The second buying opportunity will be in the 660-665 range, where you can also add another 40% of your quantity. (3) If the price dips to the 620-630 range, that will present the best buying opportunity. Make sure to reserve 20% of your quantity to take advantage of this level. ● Target Chart analysis indicates a promising upside potential of above 50% for this stock from the current level, with a target around the 960 to 970. There is also a strong likelihood that the stock could exceed this target. ● Stoploss It is crucial to implement a strict stop-loss below the 500 level, as we anticipate that the stock may encounter challenges if it drops to this point. Fundamental Analysis ● Stock Valuation ● (1) Intrinsic Value ➖ The current price-to-earnings ratio for the stock is 14.5. ➖ The median price-to-earnings ratio for the stock over the past year stands at 15.4, while the earnings per share for the trailing twelve months is 45.55. ➖ This leads us to calculate the intrinsic value of the stock as follows: 15.4 * 45.55 is equals to 701.47. ➖ With the current market price hovering around 695, which is below the intrinsic value of 701, it clearly indicates that the stock is considerably undervalued right now. (2) P/B Ratio The present PB ratio for this stock stands at 3.06, indicating a slightly high valuation but not reaching overvalued territory. ● Debt Analysis ● (1) The company's current debt is Rs. 1,949 crore, which is quite minimal compared to its market capitalization of Rs. 17,249 crore. (2) With a debt-to-equity ratio of just 0.35, it’s evident that the debt level is relatively low for this type of capital-intensive business, providing the company with the flexibility to secure additional funding as needed. (3) A glance at the balance sheet reveals a significant reduction in debt, dropping from Rs. 3,381 crore last year to the current Rs. 1,949 crore. ● Revenue Break-up ● (1) Product wise break-up The company generates its revenue through three primary product categories: ➖ HSAW Pipe, which accounts for approximately 76% of the total revenue, ➖ LSAW Pipe, contributing close to 15% of the total revenue, ➖ ERW Pipe, responsible for about 8% of the total revenue. (2) Location wise break-up The company derives approximately 54% of its revenue from India. Additionally, Welspun Corp. operates facilities in the USA and Saudi Arabia, contributing around 8.6% and 34.2% to its overall revenue, respectively. ● Profit & Loss Analysis ● (1) Over the past three years, this stock has achieved an outstanding compounded annual growth rate of 34% in sales. (2) The cumulative profit increase over the past three years has been an impressive 21%, indicating a strong upward trend. (3) The profit margin has seen a significant boost, rising to 9% from 5% YoY. For the fiscal year 2024, the growth in earnings per share is striking, skyrocketing to 42.41 from 7.90 in fiscal year 2023. ● Cash Flow Analysis ● Operating cash flow has seen a remarkable surge, soaring to 1,306 crore from a negative 185 crore in FY23. ● Shareholding Pattern ● (1) As of the June 2024 quarter, the promoters own a notable 50.03% stake in the company. (2) Goldman Sachs possesses a notable 10.51% share in the company, reflecting a slight decline from 10.70% in March 2024. (3) Domestic Institutional Investors (DIIs) have reduced their stakes since the previous quarter, yet they still hold over 9%, which remains quite significant. ● Conclusion ● The steel industry in India is set for expansion, bolstered by new government initiatives. Lower import duties on essential raw materials, combined with heightened public investment in infrastructure and housing, are anticipated to greatly enhance the sector's performance. Therefore, we are excited to see how Welspun Corp will thrive in the near future.
NSE:WELCORPLong
by GoodluckCapital
1
USDJPY eyes another bear run, focus on Japan GDP, US inflationEarly Monday, the USDJPY has risen slightly above 147.00 after its first weekly gain in six weeks. This increase follows a rebound from a seven-month low. The rise is supported by a recovery in the RSI and positive signals from the MACD. However, the pair’s failure to defend a week-long bullish trend channel and its continued trading below the 50-bar Exponential Moving Average (EMA) still keeps bears hopeful. Additionally, a downward trend line from early July suggests that sellers still control the market. The USDJPY is likely to stay under pressure unless it can rise above a resistance line near 150.80. Currently, the 50-EMA and the lower end of the rising channel, around 147.85-90, are key levels to watch. The 150.00 level may offer additional resistance, and if the pair can surpass 150.80, it might target around 155.50. On the downside, immediate support levels to watch are 145.50 and 143.30. If the price falls further, the monthly low near 141.70 and the psychological level of 140.00 could come into play. If the USDJPY drops below 140.00, it might test the mid-2023 low around 137.25. While technical indicators suggest a bearish outlook for USDJPY, traders should be cautious due to upcoming economic data releases, including Japan’s Q2 GDP and the US Consumer Price Index (CPI).
by MTradingGlobal
Banknifty Index Long Levels #InvestingBanknifty Index Long Levels Certainly! The Bank Nifty (BANKNIFTY) is an index that tracks the performance of the banking sector in the Indian stock market. Here are some key points to consider for long-term investment: Bank Nifty ETFs: These exchange-traded funds offer easy diversification, flexibility, and low expense ratios. They can be suitable for long-term investments, potentially providing capital appreciation over time. Historical Performance: Over the last 3 years, the Bank Nifty has given better returns compared to other indices. It has rallied over 42%, while Nifty IT is up 36% and the broader Nifty has gained over 48%. You can access historical data for Bank Nifty to analyze its performance over different time intervals. Remember that investing involves risks, and it’s essential to conduct thorough research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions
NSE:BANKNIFTYLong
by Optionclub
Advanced RSI Trading #Options The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. The indicator was developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, New Concepts in Technical Trading Systems. The RSI can do more than point to overbought and oversold securities. It can also indicate securities that may be primed for a trend reversal or corrective pullback in price. It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought situation. A reading of 30 or below indicates an oversold condition.
NSE:BANKNIFTYEducation
by Optionclub
Data Base Trading Part - 5 #StocksAn option chain lists data on calls and puts, underlying prices, strike prices, expiration, and moneyness. Call option data is listed to the right of the table. Put option data is listed to the left of the table. Strike prices are listed on rows in the centre of the table. Avoid options with low liquidity; verify volume at specific strike prices. calls grant the right to buy, while puts grant the right to sell an asset before expiration. Utilise different strategies based on market conditions; explore various options trading approaches. A call option buyer stands to profit if the underlying asset, say a stock, rises above the strike price before expiry. A put option buyer makes a profit if the price falls below the strike price before the expiration.
NSE:BANKNIFTYEducation
by Optionclub
2
Data Base Trading Part = 4 #Institutions Options chain can be defined as the listing of all option contracts. It comes with two different sections: call and put. A call option means a contract that gives you the right but does not give you the obligation to buy an underlying asset at a particular price and within the option's expiration date. An option chain trading strategy can be formulated by seeing accumulations in OI (open interest) and volumes in various option strikes. You should note, here, that open interest implies the number that tells you how many options or futures contracts are presently outstanding/open, within the market.
NSE:BANKNIFTYEducation
by Optionclub
3
Approaching Key Resistance After Completing a Bullish Cup Patter ✅The stock has formed a classic bullish cup pattern, indicating a potential continuation of the upward trend. The price is now approaching the key resistance level near ₹7,200, which marks the completion of the cup pattern. A breakout above this level could lead to a strong upward move. The rounded bottom of the cup pattern has provided consistent support, leading to a gradual increase in price. This support has allowed the stock to maintain its upward trajectory, making the current resistance level crucial for determining the next phase of the trend. ✅The volume has been increasing as the stock approaches the resistance level, which is a positive sign for a potential breakout. A surge in volume during a breakout would confirm the strength of the move and suggest that the market participants are confident in the stock's bullish prospects. RSI is currently at 73 indicating strong bullish momentum. While the RSI is entering overbought territory, this is typical during breakouts and often suggests that the stock has the potential for further gains. ✅Info Edge has been expanding its portfolio of online services, particularly in the recruitment and real estate sectors, which has contributed to its strong revenue growth. Expansion into high-growth sectors often leads to increased investor interest and higher stock valuations. The company has consistently reported strong financial results, with steady revenue and profit growth, further supporting the bullish technical setup. Strong financial performance is a key driver of sustained stock price increases.
NSE:NAUKRILong
by Marketik
BTC 1D analysis Crash Expected or a PUMP AUG Predictions So I have been analyzing BTCUSDT in Daily time frame, as you can see BTC recovered well after crashing and touching the 40500 - 48500 area, it is yet to create double bottom if it wants to touch the 66500 area, of course there is a major resistance at this level, while making double bottom there are great chances that it hits 57144 - 58210 range and pump heavily and then go for the 66500 area, but if it breaks down to 54500 then chances are that it will be reaching in 40500 - 48500 area where there is a major support. so wait till it makes a bottom area and observe how it reacts and take trades accordingly. and again i am not a financial or crypto investment advisor, but yeah these analysis have some weight and will give you some idea. please follow and like. happy trading.
Short
by chirag76518