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USDJPY: Recovery remains elusive below 146.30On Tuesday morning, USDJPY gained momentum, continuing its recovery from a support level that had been holding for two months. It’s getting closer to the 200-Exponential Moving Average (EMA) while still within a bearish trend that started in early August. This rise reflects the US Dollar's bounce after Fed Chair Jerome Powell eased expectations for two more 0.50% rate cuts from the Federal Reserve in 2024. However, traders look forward to upcoming US employment data and Japanese reports to see how the market will move. Bulls flex muscles for a long road ahead… In addition to bouncing off the two-month support zone, an upward trend in the RSI (14) and a potential bullish crossover on the MACD are boosting the USDJPY's rise toward the key EMA. However, the ongoing bearish trend channel and differing monetary policies between the Bank of Japan (BoJ) and the US Federal Reserve (Fed) could create challenges for the bulls. Key technical levels to watch… In the short term, the 200-EMA around 144.75 and the upper line of the bearish channel near 146.30 are significant hurdles for USDJPY buyers. If they push past these levels, the pair could rise toward the mid-August high around 149.40 and possibly hit the 150.00 mark. It's important to note that the 152.00 level seems to be the last stronghold for Yen sellers. On the flip side, the horizontal support area between 141.75 and 141.65 offers some stability for USDJPY in the short term, protecting it from a drop toward the monthly low and the bottom of the bearish channel near 139.55 and 138.75. If the pair breaks below 138.75, the mid-2023 low of around 137.20 may serve as the final defense for buyers. The road toward the north appears long and bumpy While technical indicators hint at a potential recovery for USDJPY, the underlying fundamentals pose challenges for a sustained bullish move. Buyers should be cautious before making large investments.
by MTradingGlobal
Turning Bullish: Jyothy Labs.Jyothy Labs. has turned bullish with strong price momentum seen in short, medium and long term moving averages. Resistance levels: 572, 595, 640 Support levels: 550, 526, 502 Pros: Revenue grows at 8%YoY in Q1FY25 due to volume. Fabric care and dishwash (77% of total sales) had YoY growth of almost 9% and 7%, respectively. YoY, personal care and household pesticides rose by ~11% and 2%, respectively. Operating profit increased by 14% YoY, driven by a 340bps spike in gross margin to 51.3%. Ad spending rose 22% YoY during the quarter. Yet, EBITDA margin rose 90bps YoY to 18%. The firm is focusing on volume growth and margin forecast of 16%-17%, not price rises. Slowly rural demand is rising. The firm benefits from a good monsoon and GoI demand-boosting measures. Revenue and profits are projected to expand by ~11%/15% CAGR from FY24-26E. Valuing JLL at 45x Sept 2026 EPS. Source: REsearch by Geojit Financial Services
NSE:JYOTHYLABLong
by shanmurali
Godrej Agrovet - Flag Pattern!!Godrej Agrovet has given a breakout of its 2018 price and has not retesting the same. It has created a flag pattern and a breakout of same can give a massive 65% return. Other factors: 1. 2018 price breakout and retesting - strong set-up 2. Flag pattern on DTF 3. Largest palm oil plantation in India with 75000 hectares and by 2027 to increase to 100k hectares 4. Recent custom duty increase on import of palm oil will benefit Godrej Agrovet 5. Contracts with Nestle & Pepsi for purchase of palm oil 6. Best TTM results Stock may consolidate and a breakout will take the price to our TPs. Keep following @cleaneasycharts as we provide Right Stock at Right Time at Right Price!! Cheers!!
NSE:GODREJAGROLong
by Cleaneasycharts
6
STYLEBAAZACompany Profile Incorporated in June 2013, Bazaar Style Retail Limited is a fashion retailer operating in West Bengal and Odisha. heir average transaction value was ₹ 1,039 in FY24, which was the 2nd highest when compared to that of the Listed Value Retailers in India. Co. intends to raise 835 Crs through the IPO of which 148 Crs is a fresh issue that will be utilized for: A) Repayment of Borrowings B) General Corporate Purpose ---------------------------------------------------------- Fundamentals Market Cap - ₹ 2,845 Cr. Promoter holding - 45.6 % FII holding - 5.26 % DII holding - 9.16 % Public holding - 40.0 % Looks good to buy on dip.
NSE:STYLEBAAZALong
by isagar_chauhan_
Cosmic Collision: DLF & Oberoi Realty Clash in Real-Estate Space◉ Abstract The Indian real estate market is growing fast and is expected to reach $1 Trillion by 2030. Two big companies in this field are DLF and Oberoi Realty. DLF makes most of its money from commercial properties mainly through rental income, while Oberoi Realty focuses on homes. Both companies are doing well, but Oberoi Realty is growing faster and making more profit. DLF's stock price might go up soon after being stable for a long time. Oberoi Realty's stock has been going up steadily. Both companies don't have too much debt and are attracting investors. DLF seems expensive when you look at its price compared to earnings, while Oberoi Realty looks like a better deal. Oberoi Realty is also spending more on growing its business. In the end, both companies are in a good position to benefit from India's growing economy and increasing demand for real estate. ◉ Introduction The Indian real estate sector has witnessed significant growth in recent years, driven by increasing demand, policy reforms, and infrastructure development. Two prominent players, DLF Limited and Oberoi Realty Limited, have been at the forefront of this growth, shaping the country's urban landscape. Both companies have established themselves as leaders in the industry, with a strong presence in residential, commercial, and retail segments. ◉ Indian Real Estate Sector: Future Growth Prospects India's real estate market is expected to register significant growth in the coming years, driven by a number of factors. Here's a quick summary of the key trends: ● Market size and GDP contribution: The market size is expected to reach US$ 1 trillion by 2030, up from US$ 200 billion in 2021, and contribute 15.5% to GDP by 2047. ● Residential market growth: The residential market is witnessing strong growth, with the value of home sales reaching an all-time high of Rs. 3.47 lakh crore (US$ 42 billion) in FY23. Demand is surging in top 8 cities across mid-income, premium, and luxury segments. ● Retail and office space: The retail and office space segments are also growing rapidly. Gross leasing in top 7 cities crossed 60 million sq ft for the first time in 2023, with technology companies leading leasing activity. ● Data centers: Data center demand is on the rise, with an expected increase of 15-18 million sq ft by 2025. ● Housing shortage: There is a significant housing shortage in urban areas, with the current shortage estimated at 10 million units. An additional 25 million units of affordable housing are required by 2030. Overall, the Indian real estate sector presents a promising picture for growth and development. The sector is benefiting from a number of factors, including a growing economy, rising urbanization, and increasing disposable incomes. This is leading to strong demand for both residential and commercial properties. ◉ Company Overviews ● DLF NSE:DLF DLF Limited, along with its subsidiaries, focuses on colonization and real estate development across India. Their activities encompass land acquisition, project planning, construction, and marketing. The company specializes in developing and selling residential projects, while also managing commercial office spaces and retail properties, including malls and hospitality ventures. Notably, it owns The Lodhi Hotel and Hilton Garden Inn in New Delhi, as well as the DLF Golf & Country Club in Gurugram. Additionally, DLF is involved in leasing, maintenance, power generation, and recreational services. Established in 1946, DLF Limited is headquartered in Gurugram and operates as a subsidiary of Rajdhani Investments and Agencies Private Limited. ● Oberoi Realty NSE:OBEROIRLTY Oberoi Realty Limited, along with its subsidiaries, focuses on real estate development and hospitality in India. It operates in two main segments: Real Estate and Hospitality. The company develops and sells various projects, including residential, commercial, hospitality, retail, and social infrastructure. It also leases office and retail spaces. Additionally, it manages hotel operations, which include room sales, food and beverage services, and related offerings, as well as constructing residential apartments and providing property management services. Established in 1998, the company is based in Mumbai, India. ◉ Market Capitalization ● DLF - ₹ 2,26,256 Cr. ($26.8 B) ● Oberoi Realty - ₹ 68,970 Cr. ($8.2 B) ◉ Relative Strength The chart vividly demonstrates that neither company has managed to surpass the performance of the real estate sector over the past year. The realty sector has achieved an impressive return of 94%, while DLF and Oberoi Realty have delivered returns of 73% and 67%, respectively. ◉ Technical Aspects ● DLF ➖ Since its listing in July 2007, DLF reached an impressive peak of ₹ 1046 in January 2008. ➖ However, the stock faced a significant decline following the Lehman Brothers crisis later that year. ➖ After enduring a lengthy period of consolidation lasting eight years, the price stabilized around ₹ 66 in February 2016 and began its upward trajectory. ➖ Now, after nearly 17 years of consolidation, the stock is trading just below a critical resistance level, with a breakout anticipated in the near future. ● OBEROIRLTY ➖ Since its launch in December 2010, Oberoi Realty has shown a consistent upward trajectory ➖ During this ascent, the stock formed a Bullish Pennant pattern, and after breaking out, it surged to an all-time high of ₹ 1970 in September 2024. ➖ Currently, it is trading just below this peak. Analysts expect the stock to continue its upward momentum and reach new heights in the coming days. ◉ Revenue Breakdown ● DLF DLF mainly generates its revenue from real estate development, concentrating on both commercial and residential areas. Significantly, the commercial real estate sector contributes a considerable 74% of the company's total revenue, largely through rental income. ● OBEROIRLTY The company predominantly earns around 97% of its revenue from the real estate development sector. Furthermore, it also participates in the hospitality industry, which adds the remaining 3% to its overall revenue. ◉ Revenue & Profit Analysis ● DLF ➖ Over the past three years, DLF has recorded a modest compounded annual growth rate of 6% in sales. ➖ Despite this, the company has seen remarkable profit growth, which surged by 33% during the same timeframe. ➖ Currently, DLF enjoys a robust operating profit margin of 33%, an increase from 30% in FY23. ➖ In fiscal year 2024, earnings per share have jumped to 11.02, up from 8.22 the previous year, reflecting a consistent upward trend in EPS over the last four years. ● OBEROIREALTY ➖ In the last three years, Oberoi Realty has achieved an impressive compounded annual growth rate of 30% in sales. ➖ Profit growth has closely mirrored this success, with a CAGR of 34% during the same period. ➖ The company currently boasts an outstanding operating profit margin of 55%, a figure that continues to rise. ➖ While the EPS growth from FY23 to FY24 is modest, with EPS standing at 52.99 compared to 52.38 the previous year, the overall trend in EPS has been positive over the last four years. ◉ Valuation ● P/E Ratio ➖ DLF's current price-to-earnings (P/E) ratio stands at 79.6, slightly exceeding its 1-year median P/E of 76.7. However, when juxtaposed with the industry average of 34.4, it becomes evident that DLF is significantly overvalued at this time. ➖ In contrast, Oberoi Realty presents a P/E ratio of 31.50, which is just above its 1-year median P/E of 29.6. Yet, when compared to the industry P/E of 34.4, it appears to be undervalued. ● P/B Ratio ➖ DLF's price-to-book (P/B) ratio is 5.74, indicating a substantial overvaluation relative to the industry average of 3.54. ➖ Similarly, Oberoi Realty also seems overvalued with a P/B ratio of 4.98. ● PEG Ratio ➖ Oberoi Realty's PEG ratio of 1.83 positions it as an attractive investment opportunity, especially when compared to DLF's considerably higher PEG of 4.79. ◉ Profitability Analysis ➖ DLF ROCE - 6% in FY24 ➖ OBEROIRLTY ROCE - 15% in FY24 ➖ These numbers clearly demonstrate that Oberoi Realty is more profitable than DLF, as it efficiently leverages its total capital—comprising both equity and debt—to yield higher returns. ◉ Capex Analysis ● DLF ➖ The cash flow statement for DLF reveals a negative capital expenditure, indicating that the company is selling or disposing of its existing capital assets. ➖ This suggests a strategic decision to reduce its portfolio of office spaces and similar fixed assets, as they are no longer deemed necessary. ● OBEROIRLTY ➖ In contrast, Oberoi Realty has ramped up its capital expenditure from 601 crore to 677 crore compared to the previous year. ➖ This increase is a positive sign for the company, reflecting its ambition for expansion and growth in the market. ◉ Cash Flow Analysis ➖ DLF has demonstrated impressive growth in its operating cash flow, rising to 2,539 crore from 2,375 crore in FY23. ➖ Oberoi Realty has also performed exceptionally well, transforming its cash from operations to an impressive 2,810 crore, marking a significant recovery from a considerable negative of 2,383 crore in FY23. ◉ Debt Analysis ➖ DLF demonstrates robust financial health with a manageable debt level of 4,894 crores and an impressive debt to equity ratio of just 0.12, signaling that debt is not a significant issue for the company. ➖ On the other hand, Oberoi has a debt of 2,495 crores, resulting in a debt to equity ratio of 0.18, which indicates that the company is also not worried about its debt situation. ◉ Shareholding Pattern ● DLF ➖ Currently, Foreign Institutional Investors (FIIs) possess a 16.17% stake, reflecting a decline from the previous quarter. ➖ On the other hand, Domestic Institutional Investors (DIIs) have increased their holdings to 4.81% as of the June quarter, a slight rise from 4.77% in the last quarter. ● OBEROIRLTY ➖ Foreign Institutional Investors (FIIs) have made a notable increase in their investment in this stock, now holding 18.05%, up from 16.96% in the last quarter. ➖ Conversely, Domestic Institutional Investors (DIIs) have reduced their stake to 12.30%, down from 12.83% in the March quarter. ◉ Conclusion After a comprehensive assessment of the technical and financial metrics, we have concluded that Oberoi Realty has surpassed DLF in terms of valuation, profitability, revenue growth, and future expansion prospects. However, this does not imply that DLF cannot enhance its performance in the future. In fact, DLF is on the verge of a significant multi-year breakthrough, and if this happens, it could create an excellent opportunity for investors to take advantage of any price declines. In the end, both companies exhibit strong growth potential as they are leaders in the real estate sector. As the economy continues to grow, both Oberoi Realty and DLF are well-positioned to capitalize on this expansion.
NSE:DLFLong
by GoodluckCapital
3
Bank Nifty Levels and Technical Analysis- Bank Nifty is currently trading at 53,043 as of today and is down by 1.5% - Bank nifty took out buy-side liquidity and trapped many buyers but at the same time the market structure looks intact and bullish - Bank has a huge displacement around 52,000-54,000 - Bank Nifty might move after filling the Bullish Fair Value gap which is lying around 52,300-52,600 - Bank Nifty can make another higher high post that so be cautious and wait for the price delivery to purge your point of interest
NSE:BANKNIFTYLong
by VKtradesimbalance
HAVELLS (BREAKOUT ) A symmetrical triangle breakout is a common pattern in technical analysis. Here’s a quick overview: Symmetrical Triangle Pattern Formation: This pattern forms when the price of a stock consolidates, creating two converging trend lines with opposite slopes. These trend lines connect a series of sequentially lower peaks and higher troughs1. Indication: It represents a period of consolidation before the price breaks out, either upwards or downwards1. Breakout: The direction of the breakout (above the upper trend line or below the lower trend line) indicates whether the trend will be bullish or bearish1. Trading the Breakout Bullish Breakout: If the price breaks above the upper trend line, it signals a potential upward trend. Bearish Breakout: If the price breaks below the lower trend line, it indicates a potential downward trend.
NSE:HAVELLSLong
by Faizgazi
Bitcoin: BTCUSD tests 7-Week uptrend as September wraps upAfter three weeks of gains, Bitcoin (BTCUSD) kicks off the NFP week on a down note. It’s testing the 50-SMA support and approaching the lower end of its seven-week uptrend. Along with the US employment report for September, including the key Nonfarm Payrolls (NFP), Monday's speech by Federal Reserve Chairman Jerome Powell will be crucial for market watchers. Stay tuned! Buyers are struggling to gain traction, while sellers are still holding back Whether it's pre-event nerves or month-end consolidation, Bitcoin buyers are struggling to gain market acceptance as the key week begins. Bearish MACD signals and the price's inability to hold above the 61.8% Fibonacci retracement from July to August are tempting short-term sellers. However, a quick drop in the RSI (14) and strong support levels below make it tough for bears to regain control. Technical levels to watch In the short term, the bottom of the bullish channel around $64,050 is a key support level for potential sellers. Below that, the 200-SMA near the $60,000 mark acts as the last line of defense for buyers. If Bitcoin (BTCUSD) falls below $60,000, a gradual decline toward the monthly low around $52,500 could be on the horizon. For a rebound, Bitcoin needs to break past the 61.8% Fibonacci retracement level at about $65,650. If successful, the monthly high of $66,500 and the upper boundary of the bullish channel around $68,900 will attract buyers. If Bitcoin moves past $68,900, it could quickly surpass $70,000 and aim for the yearly high of around $73,800 set in March. Pullback in prices expected Looking ahead, a potential bounce in the US Dollar and some price consolidation could lead to a pullback in BTCUSD. However, the overall bullish trend is likely to continue.
BITSTAMP:BTCUSD
by MTradingGlobal
FAIR VALUE GAP FVG GIFT NIFTY Fair Value Gap (FVG) trading is a strategy used by price action traders to identify market imbalances and inefficiencies. Here’s a concise overview: What is a Fair Value Gap (FVG)? A Fair Value Gap occurs when there is a significant price movement caused by strong buying or selling pressure, leaving a gap on the price chart. This gap is seen as an area where the market has not traded efficiently, creating an imbalance1. How to Identify FVGs FVGs are typically identified using a three-candlestick pattern: Bullish FVG: Forms when the top wick of the first candlestick does not connect with the bottom wick of the third candlestick. Bearish FVG: Forms when the bottom wick of the first candlestick does not connect with the top wick of the third candlestick12. Trading FVGs Traders use FVGs to predict potential price movements: Entry Points: FVGs can act as support (bullish) or resistance (bearish) levels. Exit Points: Traders often exit trades when the price revisits the FVG, expecting a correction2. Benefits and Limitations Benefits: Helps in identifying potential reversal points and market corrections.
NSEIX:NIFTY1!Long
by Faizgazi
Navin Fluorine Swing Trade Setup- Navin Fluorine is currently trading at 3429 - Navin Fluorine has an inefficiency of around 3200-3300 and you need to wait for the price to mitigate that - Navin Fluorine can easily fill the bullish Fair Value gap and inefficiency to balance the price and then finally move up - I will be keeping Navin Fluorine on my radar once it approaches my level - Advice: Money is made by sitting not trading, so wait for the right opportunity and then capitalise that's all I got for you folks.
NSE:NAVINFLUORLong
by VKtradesimbalance
1
Breaking Out Major LevelsNSE:VEDL is breaking out major levels on a Monthly timeframe in a rising channel on dividend news although this is a Cycial and not fundamentally Sound Company. 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.
NSE:VEDL
by Karanshah137
Breaking Out Major Resistance NSE:BAJAJFINSV is Breaking Out Major Levels on the Weekly Chart, It is fundamentally a good stock and with Hopes of RBI cutting rates this month stock will perform well ahead. 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.
NSE:BAJAJFINSVLong
by Karanshah137
L&T Finance Long term BuyWeekly Hidden Gem! (Source - ICICI) - 28 Sep 2024 L&T Finance Ltd (#LTF) 🛒CMP: ₹ 187.20 ⭐️Rating: Buy 🎯Target Price: ₹ 225 🟢Market Cap: ₹ 46,613 crore 🔸 L&T Finance has achieved 95% retailization, driven by retail segment growth and a rundown of its wholesale book, improving yields and return ratios. 🔸 Management focuses on home loans & LAP, being selective in unsecured segments like personal loans and microfinance. 🔸 Target: Double AUM to ₹2 lakh crore by FY28, projecting 18-20% CAGR. 🔸 Margins have improved to 8.6%, with secured retail loans expected to keep margins steady. 🔸 RoAUM to reach ~2.9-3% by FY26, supporting a target price of ₹225 per share.
NSE:LTF
by HHRW
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.
NSE:BATAINDIALong
by Faizgazi