ISGEC-A beautiful ATH breakout is doneISGEC is a company from heavy engineering sector which has been in a good bull run based on consistent growth.
Stock has formed a cup & handle pattern and gave good breakout yesterday.
Momentum traders should keep this stock on their watchlist as this stock can give quick 10-20% returns.
This is my personal opinion and not a recommendation.
Growth
NTPC, another PSU posted solid results and in good setup. Results:
Solid Q4FY24
Rev at 47622cr vs 44253cr
Other inc at 1194cr vs 491cr
PBT at 8375cr vs 6026cr, Q3 at 5134cr
PAT at 6490cr vs 4871cr, Q3 at 5208cr
Solid QoQ and YoY uptick
OCF at 40784cr vs 47151cr
TA:
Horizontal Line Setup, will be better if it adds a bit of consolidation right here near this level n BO.
RPTECH a IPO stock's results out, what next for the stock?Results:
Decent comeback quarter with solid revenue growth which reflects well with EBITDA n PAT growing at better pace
Rev at 3002cr vs 2258cr
PBT at 45cr vs 37cr, Q3 at 33cr
PAT at 47cr vs 23cr, Q3 at 24cr
Includes 10cr one off income
OCF at -102cr vs -114cr
TA:
-Check vol on falls(red arrows) how it is decreasing means supply drying out
-DTL BO (Down Trendline Breakout) anticipation
-VCP in play
Buying area above Pivt Point (PP: least area of resistance) 336.8 (Cheat entry) with anticipation of BO.
TRIL, a stock setting up from strong sector.-Strong sector with tailwinds
-After strong move from base:152% in jjust 35 days, didnt fell much.
-Consolidating with tight closes n low vol.
-Strong Relative Strength
-Growth Company: Sales up, OPM improved, EPS growth.
Great Pick, Ready to blast.
Will Motherson Wiring (MSUMI) ride with other auto ancillaries?After NiftyAuto n its stocks saw nice momentum, now with good results in Auto proxy Ancillaries sector, stocks are also performing: Balkrishna Ind, Amara raja, Exide, Uno Minda, JBM Auto, Lumax, Rico auto showing good demand.
Now come to MSUMI analysis, why it can give returns?
FA:
-First of all decent growing QoQ, YoY and overall FY24 growth results for the company.
-ROE: 42.4% (highest among top leaders and ROCE: 48%
-Debt to equity : 0.15 (low)
TA:
-DTL BO Anticipation (Down Trend Line Breakout), tested trend line(TL) 6 times.
-HLs
-VCP in action
-Green vol > Red Vol (only concern can be big supply on 17/may but it can taken as final flushing of supplier from TL resistance, if now tested can break easily)
-Shakeouts are there (kicking out weak players)
-Tight closes with low vol
Overall loving the setup if possible will take cheat entry (Cheat : early entry from small base before BO in anticipation of BO)
FSN with YoY growth results, ready for Stage 2?FSN posted good YoY results with expanding offline too, this can be super combo: online(e-com) + offline for the future growth for the company.
-right now, setup is in stage 1 but in uptrend so VCP concept can apply
VCP : 20W-30/2-4Ts (Contraction for 20 weeks, contracting from 30% to ~2% n total contraction 4 times)
-check Red Arrows how supply is flushing with every fall (Flushing of supply is imp for stock to blast)
Green Vol > Red Vol
-DTL BO: Down Trendline Breakout (Orange Circles), its forth time stock is testing this TL. N every time go up there with good volume.
-Moving Avg: are pointy upwards (10, 21, 50 emas)
-50 ema MAU&R (Moving Average Undercut n Rally) a GOOD Shakeout, read about it from here: OwlTraders Glossary (cant share link, will comment)
Overall, liking this setup. But one should wait for confirmation of stage 2 too, if stock move good from here n form a base then its a kinda confirmation.
Sansera: Inverted Head & Shoulders + Q4 Power = Bullish Breakout
Sansera Engineering Ltd. reported impressive Q4 results, exceeding analyst expectations.
Revenue and EBITA surpassed street estimates, prompting brokerage firms to maintain their buy recommendations.
Building on a 36% return in the past year, Sansera's stellar performance positions it for a potential bullish breakout.
Technically, the stock appears on the verge of an inverted head and shoulders pattern.
Observing price action during a breakout or pullback could present attractive short-term return opportunities.
This information as should not be considered as financial advice.
Polycab - Wires & Cables demand in multiple sectorsConcall
Polycab...3K Cr Capex over 3Y. A bit towards backward integration(improves efficiency) & FMEG segment
Seen 30-40% volume growth in Q4 & last year. Industry at 22% growth
No material impact in pricing pressure despite rise in commodities(copper & Aluminium) pricing. Mgmt seems to have witnessed this
G8 demand in Infrastructure, Power, Renewable energy, EV, Railways sectors...and so capacity expansion.
Seems to be an article published mentioning power deficit in India in June
12-13% consistent margins achievable over long time
Distributors playing key role in sales.. Cuz only 10% customers directly buying from company. 89-90% sales is thro' distributors...
RDSS govt project open orders close to Rs. 50 Bn
FY 23 closed with 18K Cr revenue. Previously set target was 20K Cr top line by FY 26. But this will be revised(increased) by this FY
MTARTech-A beautiful channel consolidation!MTARTech is one of the leading stock from defence sector. However, stock is underperforming and is currently in a channel consolidation.
Recent news of arms exports to Russia has triggered a rally in defence stocks like Datapatterns, BEL, BDL, etc.
Mtar is bouncing from lower end of channel and we can expect big rally in this stock too. A good stock for investment purposes as well.
Disclaimer:This is not a recommendation and this is my personal analysis and opinion about stock.
DMARTDMART :- The stock has given a breakout after 2 years. Keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
KPITTECHHonestly, All Brokerage reports downgrade time by time and buy the stocks from retails.
The stock showing its outperforms continue...
Management is very strong, incase one Quarter result is bad it's buying opportunity because company management is very strong and it make profits again and same beat estimates.
Stylum Industries RSI retestedStylam Industries under the industry Plywood Boards/Laminates is engaged in the manufacturing of decorative laminates exports its products primarily to European and South East Asian countries.
Company has excellent fundamentals. Improved ROCE, Debtor & inventory days along with working capital.
Stock looking to breakout trendline in chart. RSI already brokeout and retested.
EXIDEINDEXIDEIND:- Stock has given breakout after 6 years, volumes are also good
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
INDUSTOWERINDUSTOWER :- The stock has given a multiyear breakout. Keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
REPCOHOMEREPCOHOME :- The stock has given a multiyear breakout. Keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.