Get started

Indianstockmarket

SHYAMMETL & RPSGVENT - Cup & Handle Breakout!!SHYAMMETL Following an upward trend, the stock price encountered resistance around the 740 level, resulting in a correction that brought the price down to the 530 level, where it established support. Subsequently, the price entered a consolidation phase before successfully breaking through its trendline resistance. With a surge, the stock price climbed back to its previous resistance level but faced rejection once more. After a period of consolidation just below this resistance level, the price ultimately broke out with significant volume support. During this time, a cup & handle pattern emerged, and with this breakout, that pattern was also surpassed. If the price can hold above this breakout point, we could witness another rally in the days ahead. RPSGVENT After a tough rejection around the 840 level, the price started to decline. Once it successfully broke through the trendline resistance, the stock price jumped back to its earlier resistance level but was rejected again. After a period of consolidation just beneath that resistance level, the price has finally made a breakthrough recently, supported by substantial volume. A cup and handle pattern formed during this period, and with the breakout, that pattern was also exceeded. If the price remains above this breakout level, there could be more upward movement.
NSE:SHYAMMETLLong
by GoodluckCapital
BALRAMCHINI & MPHASIS Showing High Rise in Future OIBalrampur Chini The stock price saw a notable decline after dropping beneath the Rising Wedge pattern. Subsequently, it entered an extended phase of consolidation, during which it formed an Inverted Head and Shoulders pattern. After the breakout, the price surged initially but then experienced a short consolidation period before breaking out again. This movement also shows a breakout from the Rounding Bottom pattern, which is allowing the stock price to go up even higher. Mphasis The stock price is currently in a strong consolidation phase. The chart shows that an Inverted Head & Shoulder pattern is developing, suggesting that this phase might end soon and the price could rise after a major breakout. To see an upward movement, the price needs to break through the 3,100 level and stay above it.
NSE:BALRAMCHINLong
by GoodluckCapital
Federal Bank vs Karur Vysya Bank: Which is the bettr investment?The Bank Nifty NSE:BANKNIFTY stands at the 50,500 level, reflecting a decline of approximately 5.3% from its all-time high. When evaluating private banks, HDFC NSE:HDFCBANK , Axis NSE:AXISBANK , ICICI NSE:ICICIBANK , and Kotak Mahindra NSE:KOTAKBANK typically emerge as top contenders for investment. However, in the mid to small-cap arena, Federal Bank and Karur Vysya Bank have shown remarkable resilience and performance over the past few months, outpacing the broader banking sector. Let’s delve into some crucial factors that can guide us in determining the most promising investment opportunity at this moment! Market Capitalization ● Federal Bank NSE:FEDERALBNK - ₹ 49,883 Cr. ● Karur Vysya Bank NSE:KARURVYSYA - ₹ 17,459 Cr. Relative Strength ● The chart clearly illustrates that the Bank Nifty has delivered an impressive return on investment of approximately 15% over the past year. However, Federal Bank and Karur Vysya Bank have far surpassed this figure, achieving remarkable returns of around 54% and 82%, respectively. This indicates that these two banks are currently excelling far beyond the overall bank index. Cost of Liabilities ● The liabilities cost for Karur Vysya Bank is at 4.8%, notably lower than Federal Bank's 5.14%. This indicates that Karur Vysya Bank has a greater ability to secure funds compared to Federal Bank. CASA Ratio ● The CASA ratio, which measures the proportion of deposits in current and savings accounts to total deposits, is a crucial indicator for banks. A higher CASA ratio signifies a reduced cost of funds, as banks typically do not pay interest on current account deposits, and the interest rates on savings accounts are generally quite low, around 3-4%. ● In this instance, the CASA ratios stand at 30.39% for Karur Vysya Bank and 29.56% for Federal Bank, highlighting Karur Vysya Bank's superior position over Federal Bank. Non-performing Asset (NPA) Analysis ● Over the past four years, the net non-performing assets (NPA) for these two banks have seen a remarkable decline. ● In the latest quarter, Karur Vysya Bank reports a net NPA of just 0.4, while Federal Bank follows closely with a net NPA of 0.6. Total Provisions ● Discussing the NPA without considering the overall provisions presents an incomplete picture. Both banks have experienced a notable decline in this crucial factor. ● For Federal Bank, the total provisioning for FY24 is only 196 crore, a stark reduction from 750 crore in FY23. Similarly, Karur Vysya Bank's total provisioning for FY24 stands at 728 crore, down from 1,039 crore in FY23. Net Interest Margins (NIM) ● Karur Vysya Bank boasts a superior net interest margin (NIM) of 3.75, significantly outpacing the Federal Bank's NIM of 2.87. ● A NIM below 3 is generally viewed as unfavorable for banks. highlighting the strength of Karur Vysya Bank in this key metric. Advances Growth (%) Analysis ● An increase in advances growth signifies a bank's ability to efficiently provide loans. The 20.4% rise in advances for Federal Bank surpasses the 16.68% growth seen at Karur Vysya Bank, showcasing a more robust lending capability. Valuation ● PE Ratio ➖Federal Bank's current price-to-earnings (PE) ratio is 12.4, which exceeds its 1-year median PE of 9.0. Compared to the industry average PE of 11.83, this suggests that the stock is not excessively overvalued. ➖On the other hand, Karur Vysya Bank has a current PE of 10.2, which is marginally above its 1-year median PE of 9.8. Given the industry PE of 11.83, this indicates that Karur Vysya Bank is significantly undervalued. ➖When analyzing the PE ratios, it becomes clear that Karur Vysya Bank holds a more advantageous position. ● Intrinsic Value ➖The Federal Bank is currently trading at ₹204, while its intrinsic value stands at ₹228, indicating that the stock is undeniably undervalued at this time. ➖On the other hand, Karur Vysya Bank's market price is ₹217, but with an intrinsic value of only ₹146, it clearly shows that the stock is currently overvalued. Technical Aspects ● From a technical standpoint, both stocks exhibit a similar pattern and appear to be currently overextended. Any pullbacks could provide a valuable opportunity to take positions. Conclusion ● Upon evaluating all the key factors, it is evident that Karur Vysya Bank NSE:KARURVYSYA is in a more advantageous position than Federal Bank NSE:FEDERALBNK ; however, this does not imply that Federal Bank is struggling. Both banks offer promising investment prospects. As the economy grows, a fundamentally strong bank is expected to consistently surpass the overall banking sector.
NSE:FEDERALBNK
by GoodluckCapital
3
Cera is on a bull run, chart indicates further rise in price!Weekly Chart The stock has been experiencing a strong upward trend, consistently pushing its highs and lows to new heights. We've noticed that the bullish pole and flag pattern appeared twice in a row, indicated a solid presence of buyers in this stock. Recently, a breakout occurred on the weekly chart with high trading volume, suggesting that the price is set to rise again. Daily Chart Following a notable rejection around the 9,600 mark, the stock experienced a considerable correction. The formation of a Double Bottom pattern signaled a reversal in the downtrend, leading to a robust upward movement. This impressive rally brought the price back to its former resistance level, but it struggled to break through, leading to a period of consolidation just beneath that threshold. In an unexpected turn, the stock gapped up and successfully surpassed its immediate resistance, maintaining its position above this critical level. With trading volume on the rise, there is a promising outlook for a significant upward surge in the stock price.
NSE:CERALong
by GoodluckCapital
ORIENTAL RAIL INFRASTRUCTURE LTDTechnical Analysis - After breaking out at ₹150, the stock reached ₹300. - It consolidated in a range for 6 months before breaking out again in June 2024 to touch ₹450. - The price has now retraced to the ₹300 level, retesting previous support. - Fibonacci Retracement: Currently in the golden pocket zone. - RSI: Indicates a healthy momentum. - Moving Averages: Trading above the 50 EMA and 200 EMA, indicating a bullish trend. Fundamental Analysis - Company Fundamentals: Strong - Valuation: Slightly expensive but not a significant concern for short-term trades. Action: 1. Buy Zone: Consider buying between 331.45 and 304.80, keeping an eye on price action and volume at these levels for confirmation. 2. Stop Loss Placement: • Place a stop loss around ₹295-298 to limit potential losses if the support levels fail. 3. Profit Booking: • Start booking profits around 400,₹440 for the short term. If the price shows strength and breaks above the 400 level, hold for a medium-term target of ₹500. 4. Monitor Key Levels Keep an eye on the 50 EMA and 200 EMA for any changes in trend direction. Watch for price action around key Fibonacci levels to adjust strategy accordingly. Summary: • Entry: ₹331.45 to ₹304.80. •Stop Loss: ₹298. • Targets: ₹400,440 (short-term), ₹500 (medium-term). Risk:Reward = 1.65 ( for target 400 ) 2.65 ( for target 440 ) note* This is a circuit stock, UC & LC are very common so please place your SL. Happy Trading:)
BSE:ORIRAILLong
by rohix
1
Banknifty is at a key support level—will it rebound? In recent months, the bank index has been on a remarkable upward trajectory, consistently achieving higher highs and higher lows. After reaching an all-time peak close to 53,350 (specifically at 50,358), the bank index experienced a correction. At present, the index is hovering around a significant support level of 49,750, which also aligns with the trendline support visible on the chart. There is a strong expectation that the bank index will bounce back from this point and resume its upward trend. However, if this support is broken, the next level to watch will be around 46,000 to 46,300. To regain its bullish momentum, the index must overcome the immediate resistance located between 53,000 and 53,350.
NSE:BANKNIFTY
by GoodluckCapital
Big Breakout Alert! Negative Momentum in GODREJPROP & ESCORTSGODREJPROP The stock's price has been following an upward trend within a parallel channel. Recently, the stock broke through the lower boundary of the channel with a powerful bearish candle. With pessimistic market sentiment, it is anticipated that the stock price will continue to correct, presenting a chance to take a short position. ESCORTS Following the emergence of the bullish Pole & Flag pattern, the stock experienced a significant upward surge backed by robust momentum. After reaching an all-time high close to the 4,400 level, the stock retraced and eventually formed a Double Top pattern signaling a potential bearish trend. A recent breach of the pattern's neckline to the downside suggests further downside potential for the stock.
NSE:GODREJPROPShort
by GoodluckCapital
DIVISLAB and CHAMBLFERT showing high rise in Future OIDIVISLAB The price has been stuck in a tight range for over a year. Then it broke through its resistance level. Since then, the price has stayed above that point and is rising steadily. A breakout has occurred, and the stock price continues to climb CHAMBLFERT The stock price was gradually rising within a parallel channel. After breaking out of the channel, there was a significant price surge followed by a period of consolidation. Now, the price is attempting to surpass its resistance and continue moving upwards.
NSE:DIVISLABLong
by GoodluckCapital
Realty & Auto: Massive sell-off opens up a chance for shorting!REALTY Following an impressive bull run, the index has begun to consolidate and has taken the shape of a Rounding Top pattern. With significant selling pressure, the index is currently hovering around its trendline support level, which also happens to be the neckline of the Rounding Top pattern. If the trendline is breached, we could potentially witness a correction in the real estate sector. This sell-off presents an opportunity to take short positions in stocks like DLF, Godrej Properties etc. AUTO The automotive industry has experienced a significant increase and is one of the key sectors contributing to the strong rally of Nifty. Following a period of consolidation, a breakout occurred but the index encountered a notable rejection at its all-time high. Following a significant gap, the auto index dropped and is anticipated to decline even further. Given this situation, there is a chance to open short positions in certain stocks such as M&M, Escorts etc.
NSE:CNXREALTYShort
by GoodluckCapital
ICICIPRULI & DEEPAKNTR - Breakthrough of the Rounding Bottom ICICI PRUDENTIAL The stock experienced an upward trend, forming an Ascending Broadening Wedge pattern that suggested a bearish outlook. Following a breakdown, the stock price fell sharply and entered a consolidation phase. During this period, the stock exhibited progressively smaller price fluctuations, establishing a series of consolidation bases, each one tighter than the last, formation of a Volatility Contraction Pattern. After breaking through this phase, the price reached an all-time high and is now set to climb even further. DEEPAK NITRITE During the upward trend, the stock price established a Pole & Flag pattern, signaling a continuation of the trend. However, following the breakout, the price underwent a significant consolidation phase, resulting in the formation of a Rounding Bottom pattern. Recently, a breakout has taken place, indicating that the price is poised for an upward movement.
NSE:ICICIPRULILong
by GoodluckCapital
1
Breakout Stocks to Keep An Eye On - Nykaa & Balrampur ChiniNYKAA The stock had been experiencing a significant consolidation period, during which it created an Ascending Triangle pattern. Following a breakout, the price initially surged but encountered resistance around the 195 level, leading to a sharp pullback. Subsequently, the stock price began to rise again but met resistance at the 187 level this time. After a brief consolidation, it developed a Cup & Handle pattern. Recently, a powerful breakout occurred, backed by substantial trading volume, indicating that the price is poised for a significant upward movement. BALRAMPUR CHINI The stock price experienced a significant pullback after it fell below the Rising Wedge pattern. Following this, it entered a prolonged consolidation period, during which it developed an Inverted Head and Shoulders pattern. After the breakout, the price initially soared but underwent a brief consolidation once more before breaking out again. This movement also marks a breakout from the Rounding Bottom pattern, suggesting substantial upside potential for the stock.
NSE:NYKAALong
by GoodluckCapital
7"NYKKA" FSN ECOMMERSE VENTURES LTD 28 WEEKS BREAKOUT WITH 1. NYKKA given a breakout in 135 days (28 Weeks) high and packed with the volume of 53.22M, And NYKAA' s last 30days average volume is 7.33M. 2. It was Created a range contraction between 139.8 to 195.50 (55.70 points, 39.84%), After this breakout this range might expand up to 111.4 points. In price levels the expansion will be leads to 306.9 levels. 3. Based on the Historical price action from 11th April 2022 to as of now there is no potential supply zones in Higher Timeframe like Weekly & Monthly between 294.15 4. Based on these analysis we can expect a Midterm price momentum in NYKKA up to 294.15 (94.12 Points, 47.05%) from CMP 200.03 5. In case if price comes down side for a retracement 172 to 178 area will act as a reversal zone because of Demand zone, Parallel EMA's and 0.618 Golden Ratio in of 139.8 to 195.5 CONCLUTION Buy Trade Aggressive Entry CMP Conservative Reversal Entry 178, If Price Come Stoploss 170 Possible Target in Mid-term 294 (Weekly Supply Zone)
NSE:NYKAALong
by ANISHFNK21
NIFTY - 25000 coming soon?Overview & Observation: 1. Channel breakout after a long consolidation. 2. Volumes are not looking great. 3. Bounced from 200 DEMA. Trade Plan: 1. RRR is unfavourable. 2. A risky long position can be planned with a 5% SL and 7% target. 3. Stop Loss below 50 DEMA on closing basis. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:NIFTYLong
by SuperNova396
BULLISH MARUBOZU FORMATION - UNION BANK OF INDIA STRONG BULLISH CANDLE HAS BEEN FORMED AT A KEY SUPPORT ZONE AREA. The up move may continue with a slight doji-like candle. 134.50-131.50 is a strong support zone (highlighted area); any dip to that area is a buy opportunity ONLY if the market sentiments are positive. You can buy at CMP or wait for it to test the highlighted zone, but as past data shows, the price has never retested when it bounced upwards. LEVELS -Buy at CMP or at 137.25 Do your analysis too before buying. Any further fall is just a good opportunity to add more quantity. -We are aiming for targets of 150, 158, and 170; short to semi-long term respectively. -If it keeps falling after you buy it and you can't bear the loss, consider booking it at 125. Happy Trading :)
NSE:UNIONBANKLong
by rohix
TATA STEEL TAKING A DIP TO ITS DEMAND ZONEDetailed Analysis of Tata Steel Chart Sector: Steel Signal: BUY Logic below: TECHNICAL VIEW - The price is currently above all the key moving averages, which typically indicates an uptrend. However, it is worth noting that the price is very close to the 50-day EMA, which can act as a dynamic support level. Volume: 40.165M | Average Volume: 26.832M The recent trading volume is significantly higher than the average volume, indicating increased investor activity. The presence of large red volume bars suggests higher selling pressure recently. Relative Strength Index (RSI): 44.37 The RSI is below the neutral 50 level but above the oversold threshold of 30, suggesting that the stock is neither overbought nor oversold but is leaning towards a potential buying opportunity if it dips further. Moving Average Convergence Divergence (MACD) - MACD Line: 0.71 - Signal Line: 0.65 - Histogram: 0.08 The MACD is positive, but the histogram shows diminishing momentum. This could indicate a potential bearish crossover if the MACD line crosses below the signal line. Key Levels Support Levels 1. Immediate Support: ₹171.53 (50-day EMA) 2. Next Support: ₹170-168.80 (highlighted zone) 3. Strong Support: ₹150.69 (100-day EMA) Resistance Levels 1. Next Resistance: ₹177.25 2. Strong Resistance: ₹183 (supply zone) Buy Recommendation Based on the current technical setup, buying Tata Steel near the current price level of ₹171.80 can be considered if it holds above the 50-day EMA of ₹171.53. The RSI and MACD suggest some caution is warranted, so a slightly lower entry point could be more favourable. Suggested Buy Level Buy Level: ₹170 - ₹168.75 (ensure the price holds above the 21 EMA) Stop Loss (SL) Stop Loss: ₹166 (just below the highlighted support zone) Target Levels 1. Target 1: ₹177.25 2. Target 2: ₹183 3. Target 3: ₹195 (Fibonacci level) Conclusion Tata Steel is currently near a critical support level around its 50-day EMA. If the price holds above this level, it could provide a good buying opportunity with a favourable risk-reward ratio. Monitoring the volume, RSI, and MACD for any further bearish signals is crucial before entering a trade. Summary Buy Level: ₹170 - ₹168.75 Stop Loss: ₹166 Target Levels: ₹177.25, ₹183, ₹195
NSE:TATASTEELLong
by rohix
NIFTY ANALYSIS FOR THE WEEK STARTING 29TH JULY 2024.Last week on the daily time frame nifty gave a long bearish engulfing candle after which the follow up candle did not close below 24300 and nifty reversed. In one hour time frame Nifty closed above 24520 and turned bullish and closed near All time high. For Monday Nifty is Bullish above 24870 or may become short term bearish if one hour candle closes below 24700. For the Week. Nifty is bullish in the short term and may see some correction during the week .If Nifty closes below 24300 then we may change our view. Keep booking profits at regular intervals. Trade wisely and safely. Ramakrishnan I am not a SEBI registered analyst.
NSE:NIFTY
by ramkkyy