Cosmo First for 35% gainsDate: 30 Sept’24
Stock: Cosmo First
Timeframe: Daily chart
Cosmo First seems to have begun a fresh five wave impulse in March’24 and currently in Wave V of 1 which is heading towards 1050+ (~35% from current price of 790) as seen in the chart. Wave 1 target could even extend to around 1150-1200 levels (50% higher from current price) which can be reviewed once it moves beyond 950.
This is not a trade recommendation. Please do your own analysis. I am not a SEBI registered RA.
Garware
GARWARE TECHNICALAnnual Revenue rose 2.65%, in the last year to ₹1,368.8 Cr. Its sector's average revenue growth for the last fiscal year was -8.71%.
Quarterly Revenue rose 3.18% YoY to ₹394.81 Cr. Its sector's average revenue growth YoY for the quarter was -8.31%.
Annual Net Profit rose 20.89% in the last year to ₹208.18 Cr. Its sector's average net profit growth for the last fiscal year was -6.08%.
Quarterly Net profit rose 16.44% YoY to ₹69.48 Cr. Its sector's average net profit growth YoY for the quarter was 19.31%.
PE Ratio is 33.09, lower than its sector PE ratio of 60.18.
Debt to Equity Ratio of 0.1 is less than 1 and healthy.
Return on Equity for the last financial year was 16.87%, in the normal range of 10% to 20%.
Mutual Fund Holding increased by 0.2% in the last quarter to 8.75.
Promoter Share Holding increased by 0.3% in the most recent quarter to 53%.
Interest Coverage Ratio is 18.29, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings.
Promoter Pledges are zero.
GRWRHITECH - Weekly Chart Analysis, CMP-1728.75After breaking the resistance / supply zone of 889-929, last September the stock was rally without any base making. And finally it topped and started to form a base from November.
After 12week of base formation and a range of 22% it has finally sustained above the 1542 for the 2 weeks now. Volumes were low on retracements and last two week volumes are decent enough showing strength.
1357 shall now act as a support and a weekly close with a follow up shall negate our view on this.
As there is not much over the left side so for upside targets we have to move purely with the price action as well as also take view of the moving averages(dynamic support).
So unless the price action stays positive and it sails above its key moving averages we are good to go.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
GRWRHITECH - very good buy for long term investmentNSE:GRWRHITECH
cmp 1646
very good for long term investment
PE = 23
Promotor holding = 60%
Face value = 10
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
Garware Technical Fibre in Extended Wave 3NSE:GARFIBRES
Garware Technical Fibre is in final wave of extended wave 3. The current stock movement indicates that it is currently in the fourth wave of the extended third wave, and it is in the process of forming a triangle pattern. Trangle always form in wave 4. I have labelled wave 4 triangle with ABCDE.
Entry point is at high of wave D :- 3375/-
Target :- 4906/-
Profit Probability :- 45%
Possible Channel breakout in Garware TechnicalWe can observe price is moving in a channel. As the channel narrows down price started to move toward a higher range along with the support of the 20 & 50 moving average.
Also, the price is taking support before reaching the lower end of the channel. If the price closes above 3279 we can expect a bullish move.
Trade Set-up
1) We can buy if the stock manages to close above 3279 in a daily time frame.
2) Stop-loss can be at 3005.
3) All possible targets are mentioned on the chart.
This is not a recommendation. Do your own analysis before investing.
Please let me know your view on this trade in the comment section.
Short Garware Hi-Tech FilmsGarware Hi-Tech Films
BSE:GRWRHITECH
Cmp - 923
Stop - 985 on DCB
Expectation -
T1 - 750
T2 - Wait, Review at 750
Expected Holding Period - 100 trading days or earlier for T1
View:- Positional
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
GARWARE TECHNICAL - SHORTGARWARE TECHNICAL
*SHORT
-Come down whenever it testing the channel's upper line.
-Formed an inside bearish candle. Chances are to come down.
Invest & Trade Wisely! Good Luck!
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**Disclaimer:
I am not a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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