METROPOLISMETROPOLIS :- After a huge fall, the stock has consolidated and has also formed a reversal pattern called Cup and Handle Pattern.
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.
Growth
GRASIMGRASIM:- After this, a breakout is about to happen, the stock has been consolidating near the resistance for the last 3 months. If we get a breakout, we may see upside movement.
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.
🚀 $BANKNIFTY Breaks Resistance: Long Position for ATH! 📈💹📈 Unlocking Potential: NSE:BANKNIFTY Breaks Resistance, Long Position Targets All-Time High! 🚀💼
In a significant development, NSE:BANKNIFTY has successfully shattered a key resistance level, marking a pivotal moment in its chart dynamics. This breakthrough signals an opportune time for traders to consider initiating a long position.
**Why Consider a Long Position:**
The breach of this resistance is often interpreted as a bullish signal. Traders view this as an indication of strength and potential upward momentum in the stock. Initiating a long position implies anticipating further price appreciation.
**Setting Sights on All-Time High (ATH):**
The strategic objective of this long position is to capture gains up to the All-Time High (ATH) level. ATH represents the highest historical point the stock has reached. Traders often set ambitious targets like ATH when they perceive favorable conditions for continued upward movement.
**The Bullish Ascent:**
With the resistance conquered and a clear path ahead, the stage is set for a bullish ascent. Traders entering a long position aim to ride the upward momentum, capitalizing on the positive market sentiment surrounding $BANKNIFTY.
As always, it's crucial to conduct your own analysis, consider risk management strategies, and adapt to evolving market conditions. The decision to enter a long position should align with your individual trading strategy and risk tolerance.
Stay tuned for market updates as NSE:BANKNIFTY unfolds its journey towards new heights! 📈💹 #BANKNIFTY #LongPosition #BreakoutTrading
PRSMJOHNSNPRSMJOHNSN:- The stock is going to give a breakout after 5 years. It has also given a 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.
SATIA looks attractive, Bullish Harmonic Pattern ActiveWeekend Pick 1: SATIA
Fundamentals : Strong, Consistent growth on Sales, Profits and EPS. Increasing Reserves vs reducing debt. FII holding increased significantly..
Technicals : Bullish Harmonic pattern active + strong reversal indication with high volume..
R 1: 160
R 2: 180
R 3: 200
S : 110
IFCIIFCI:- Reverse pattern has been created on the monthly chart, you can also call it cup and handle pattern.
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.
DreamFolks looks attractive, discounted and showing reversalWeekend Pick 2: DreamFolks
Fundamentals : Strong, Consistent growth on Sales, Profits and EPS. Healthy Reserves vs debt free.
Note : FII - DII stake decreased, still overall looks healthy.
Technicals : Showing reversal at strong support Breakout after good correction.
R 1: 570
R 2: 635
R 3: 710, above that 800+ possible
S : 440
ASIANTILES for longggg??Near strong resistance/supply zone. Expecting it to break. Reason as below
1. Good quarterly result.
2. Two new manufacturing facilities opening soon, which may give good upcoming results.
3. Technical: Inverted Head and Shoulders can be seen, a bullish pattern (if breakout is done)
Rest time will tell.
If you find any negative aspects do share it in comment sections, so that others are also aware.
Above theory is just my opinion and can go wrong, study more and make your own decision.
It will become a MULTIBAGGER.
FOR LONG TERM INVESTORS
Its a study about future growth of the stock.
As of now at price of 1300 its PE is 84.58 and EPS is 15.37. Which is fairly valued while comparing to its closest peer KPIT TECH.
Now as the company’s profit growth is at 60% CAGR in upcoming 2 years (FY25-26) Its profit will go to somewhere around 2400cr so EPS will be around 80 atleast and at EPS of 80 and PE of 85 its price will be somewhere near 7000 which is almost 6x FOLD from current price.
and if a trustable stock like TATA can 6 fold your money in just 2 years it worths holding it.
Its just a view of only 2 years. how many fold it will bring to your money only holding it for longer can tell you.
BAJAJHINDBAJAJHIND :- A bit risky stock, has given breakout after 9 years
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.
SBI Cards; Bullish viewGot these shares in the IPO; added some more at Rs 515
Now the share has retested it's weekly support (which was pending). I am expecting a great journey on the long side (of course it'll take time).
New entry not suggested; "Hold" for the person already have this. I promised myself that I won't exit this stock until and unless my money is "doubled".
Fundamentally it looks attractive:
1. Reduction in competition: HDFC bank being restricted to issue new credit cards
2. It is 2nd Largest issuer of credit cards in India
3. 41% CAGR for previous 4 years in PBT (Profit Before Tax)
I've shared my view, but please do your own analysis.
5 year breakout and retrace Central bank of india.Company has delivered good profit growth of 18.4% CAGR over last 5 years, 78% discount to its high, PEG Ratio is 0.99, 5 years of accumulation completed, 5 years breakout and retraced, cup and handle pattern, now nearly at its support, aim good for long term.
Thanks to help me to learn fundamentals to day trader telugu and other masters.
Please consult financial adviser before investing your hard earned money because these Investments are subject to Market Risks.
ASHOKAASHOKA :- Is going to give breakout, that too with good volume
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.
KREBSBIOKREBSBIO:- The stock has been falling for 2 years, a triangle pattern has been formed, if we get an upside breakout then we may see good movement.
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.
India Bulls Housing Finance: An upmove of 614%?diwali pick
➡️current Mcap 8051 cr
➡️value of Cash and investments with the company 10602 cr (as on 31/03, would be even higher as on date)
➡️Logical Npa level is reducing substantially (as the loan base has reduced over the years)
➡️pivoting towards highly rewarding retail segment
➡️problematic promoter forced to exit the company by the majority shareholders
➡️TF 3 years+
Disc: already invested
Arrow GreentechForming a base2 at current price of 449 and showing a good BO after forming this base for last 22 weeks.
Seems next resistance is at 530 and 660. Can be added with SL of 380.
Arrow Greentech Limited is engaged in the business of developing biodegradable (green) products and high-tech products.
Stock is hovering around PE of 26 and showing ROCE 20.9 % and ROE 14.2 %.
Good future growth prospects looking at increasing environment concerns.
Colgate Palmolive Bullish Flag Pattern BreakoutWeekend Pick 1: ColPal
Fundamentals : Strong, Consistent growth on Sales, Profits and EPS. Strong Reserves vs almost debt free. FII holding increased significantly !
Technicals : Bullish Pennant Breakout after good consolidation.
R 1: 2200
R 2: 2300
R 3: 2400++
SL : 1950