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JSW Infrastructure: Add for Portfolio during consolidationNSE:JSWINFRA is the fastest growing port-related infrastructure company in terms of growth in installed cargo handling capacity and cargo volumes handled during Fiscal 2021 to Fiscal 2023, and the 2nd largest commercial port operator in India in terms of cargo handling capacity in Fiscal 2023. Their installed cargo handling capacity in India grew at a CAGR of 15.27% from 119.23 MTPA as of March 31, 2021 to 158.43 MTPA as of March 31, 2023. During the same period, their cargo volumes handled in India grew at a CAGR of 42.76% from 45.55 MMT to 92.83 MMT. Technical Setup: After a good initial rally and listing, JSW Infra is consolidating in a range. I believe levels of 230 will be held here without much issues. A new breakout above the previous all time high would mean that the stock can give much higher targets for the future. It is a portfolio grade stock for me given India's growth story. Hold for medium to long term. Q3FY24 Highlights: Financial Performance • Notable year-on-year growth in cargo handling, with a 17% increase to 77.2 million tonnes for the nine-month period ending December 2023. • Revenue for the nine months ended December 2023 stood at INR 2832 crores, reflecting an 18% growth year-on-year. • EBITDA for the same period showed a 22% year-on-year increase. Expansion and Acquisitions • Acquisition of PNP Maritime Services and PNP Port, enhancing operational capabilities and expansion potential. • Development of an all-weather deepwater greenfield port at Kenney, Karnataka, with an estimated project cost of INR 4119 crores and an initial capacity of 30 million tonnes per annum. Operational Efficiency and Safety • Jaigarh Port was awarded a five-star rating by the British Safety Council, underscoring JSW Infrastructure's commitment to maintaining the highest safety standards. Future Growth Plans • Focus on increasing third-party cargo handling to 40% in the near term. • Continued pursuit of organic and inorganic growth opportunities to capitalize on India's infrastructure development momentum.
NSE:JSWINFRALong
by jatin_agarwal
Bullish Bottom Triangle - Paisalo Digital LtdA bullish "Bottom Triangle" chart pattern on Paisalo Digital Ltd ( NSE:PAISALO ). This pattern suggests a potential upward movement in the stock price from its current close of 73.45 to a target range of 83.00 - 87.00. A Bottom Triangle pattern typically forms over a period of uncertainty or consolidation, characterized by two converging trendlines as prices reach lower highs and higher lows. During this period, trading volume tends to diminish as the price fluctuates within a narrowing range, indicating market indecision. However, before the triangle reaches its apex, the price breaks above the upper trendline with a notable increase in volume, confirming the bullish reversal of the prior downtrend. This pattern suggests that the stock price may have reached a bottom and is poised for an upward movement. Traders and investors may interpret this as an opportunity to consider buying positions in anticipation of a potential price increase within the indicated target range. It's important to note that while technical analysis patterns can provide valuable insights, they are not guaranteed predictors of future price movements. Therefore, investors should conduct thorough research and consider other factors such as fundamental analysis and market conditions before making any trading decisions. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:PAISALO
by hardeepssethi
Quess Corp AnalysisAfter the recent fall in Mid Cap and Small Cap stocks across all counters in the Indian Stock Market, we're now anticipating a good reversal in the Mid-Small index as well as stock for the new financial year. Thus, here's Quess Corp for April Month. CMP- 527 Target- 600, 650 and 678 (Short, Mid and Long respectively) Stoploss- 453 (Trailing) Duration- Short term to Long term, based on your research, goals and advise from Financial Advisor. let me know what you think :)
NSE:QUESSLong
by ArjitGarg
MOIL - Diamond Bottom PatternIt appears that the NSE:MOIL has found its footing, indicating a potential reversal as it breaks out upwards following a period of indecision or stabilization. The Diamond Bottom pattern initiates amidst a downtrend, characterized by the formation of higher highs and lower lows within a widening pattern. Subsequently, as the highs reach their peak and the lows begin to ascend, the trading range gradually contracts. When the price breaches the upper boundary of the diamond pattern, it signals a notable reversal, marking the onset of a fresh uptrend. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:MOIL
by hardeepssethi
Borosil Renewables Ltd - Looks Good!Script: NSE:BORORENEW Pattern: Symmetrical Continuation Triangle A Symmetrical Continuation Triangle (Bullish) is a technical analysis pattern often observed in financial markets, particularly in price charts. It is characterized by converging trendlines that form a triangle pattern. This pattern typically occurs during an uptrend and suggests a continuation of the bullish trend after a brief consolidation period. Breakout: The pattern is typically resolved with a breakout in the direction of the preceding trend, which in this case is upwards. Traders often look for a decisive close above the upper trendline as confirmation of the bullish continuation. Target: The price target for a bullish continuation is often measured by the height of the triangle at its widest point, projected upwards from the breakout point. This provides an estimate of how far the price could potentially move in the direction of the breakout. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:BORORENEW
by hardeepssethi
Himatsingka Seide - Keep In Radar!Breakout in NSE:HIMATSEIDE : As the supply of shares at that resistance level diminishes, buyers become more dominant. When the supply finally depletes, the stock price breaks out decisively above the upper trendline or resistance level. This breakout signifies a shift in the balance of power from sellers to buyers, and the stock price typically starts moving higher. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:HIMATSEIDE
by hardeepssethi
Bullish Continuation Diamond PatternNSE:CGPOWER - Continuation Diamond Pattern (Bullish) Following a period of consolidation, the price has surged upwards, indicating a potential continuation of the previous upward trend. The sequence typically initiates within a downtrend, where prices form higher highs and lower lows in a broadening pattern. Subsequently, as highs reach their peak and lows begin to ascend, the trading range gradually contracts. Upon the breakout beyond the boundary lines of this diamond-shaped pattern, it signals the revival of the prior uptrend. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:CGPOWER
by hardeepssethi