Indianstocks
BULLISH on KEI INDUSTRIESNSE:KEI
The price has given the breakout from the Triangle pattern. The prices are trading above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. This view is for 1 to 6 months. The Target and SL is given in the charts. The stock is outperforming the NIFTY for 1 year.
Disclaimer : This is my own view and analysis. This is only for educational purposes. This is not a recommendation, call or a tip.
BULLISH on IRCTCNSE:IRCTC
The price, after the breakout from the channel pattern is regularly testing the Trendline and taking a support from it. Now the price is again testing the trendline, and also testing the confluence of the major moving averages. This is the reason I am very confident on this trade. This is a positional trade for upto 3 months. This Target levels are 758 and stoploss levels are 661.
Disclaimer :- This is my own view and analysis. This is for educational purposes. This is not a recommendation , call or a tip.
BULLISH on TTKPRESTIGNSE:TTKPRESTIG
The prices have given a breakout from the consolidation pattern. It was an accumulation phase. The prices are trading above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. This view is for 1 to 6 months. The Target and SL are given on charts. I will update about them in future.
Disclaimer : This is only my view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
BULLISH on HIKALNSE:HIKAL
The prices has given the breakout from the Channel Pattern. The price has sustained above it. The prices are above the Moving Averages. The MACD and RSI are also positive. The view is for upto 6 months. The Target and SL are on the charts.
Disclaimer : This is my own view and Analysis. This is for educational purpose. This is not a call, tip or recommendation.
BULLISH on BDLNSE:BDL
The prices, after giving a breakout from the Ascending Triangle Pattern has retested the support area. I think that it is the good time to enter the stock. The prices are above the important moving averages. The MACD and RSI is also Bullish. This view is for upto 6 months. The Target levels are 1070 and the stoploss levels are 864.50 levels.
Disclaimer :- This is my own views and analysis. This is for educational purposes. This is not a tip, call or a recommendation.
BULLISH on OBEROIRLTYNSE:OBEROIRLTY
The Stock had given the breakout from the channel pattern and now the price is retesting the trendline. The risk takers can take a bet and enter on current levels. Those who are conservatives can wait and see the candle patterns and price behaviour to enter. The SL and Target are given on the chart. The view is for upto 6 months.
Disclaimer :- This is my own view and Analysis. This is for educational purposes. This is is not a recommendation, call or a tip.
BULLISH on COLPALNSE:COLPAL
The prices have given breakout from the Triangle pattern. The prices are trading above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. There is also good volume during breakout. This view is for 1 to 6 months. The Targets and SL are given on the charts.
Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
BULLISH on GRASIMNSE:GRASIM
The price has given the breakout from the trendline. The prices are trading above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. This view is for 1 to 6 months. The SL levels is 1561 and the target is 1990 levels.
Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
BULLISH on LAXMIMACHNSE:LAXMIMACH
The prices have given the breakout from the previous high and made 52 week high on the weekly chart. The prices are trading above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. This view is for 6 to 12 months. The Target and SL is shown on the charts.
Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
BULLISH on EMAMILTD (Positional)NSE:EMAMILTD
The stock had given breakout from a parallel range breakout previously and after the consolidation it has also given breakout. The Moving averages are converging. The price is also trading above the moving averages which shows Bullishness. The MACD is also Bullish. The RSI is also showing good momentum. This view is for 1 to 6 months. The SL level is around 450 level and the Target is around 590 levels.
Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
BULLISH on INDIAMARTNSE:INDIAMART
The price has given a breakout from the channel pattern. The breakout is with good volume. The MACD is bullish and RSI is above 50 showing good momentum. The MACD and RSI also showing the divergence from he prices which implies that this correction is over and bottom has been made. The view is for 6 to 9 months. SL levels is around 4165.60 and the Target levels is around 5981.50
The price is still below 200 dma and can face resistance there so it is recommended to buy in a staggered way, some on the breakout and rest when price crosses the 200 dma.
Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
NSE:Wonderla - I am wondering....where is stock going 🎡
Wonderla Holidays is engaged in the business of Amusement Parks and Resort.
KEY POINTS
IPO and promoter group
Wonderla came up with their IPO in April 2014 to raise 181 cr. which went into funding their upcoming amusement park in Hyderabad, that was operationalized in 2016 . The company was setup by Kochouseph Chittilappilly in 2000, the same promoter group also founded V-guard brand of stabilisers and runs V-Guard Industries/
Amusement Parks
Wonderla currently has three operational parks, one each in Kochi, Bengaluru and Hyderabad established in 2000, 2005 and 2016 respectively. The Bengaluru park also has a resort with 4 banquet halls and 84 rooms
Average revenues over the last 5 years (FY15 to FY20) have been ~79 cr. in the Kochi park and ~116 cr. in the Bangalore park. As Hyderabad park was operationalized only in FY17, revenues have grown from ~57 cr. in FY17 to ~74 cr. in FY20.
Upcoming Parks and expansions
A fourth park is being setup in Chennai at a cost of over 300 cr. The company is currently under discussion with the Chennai state government to resolve certain tax issues, after which construction activities will resume. The park has received exemption on entertainment tax for 5 years from the date of commencement of commercial operations or 01-10-2021 (whichever is earlier).
Wonderla is also in discussion with the Odisha state government to setup a park in Bhubaneswar on an asset-light model, where land will be taken on lease and the total cost for setting up the park will be ~100 cr.
Wonderla also plans to build a resort in Hyderabad similar to the one in Bangalore
Revaluation of reserves
Land was revalued in FY17 which caused equity reserves to go up from ~346 cr. in FY16 to ~684 cr. in FY17.
Miscellaneous
- Wonderla manufactures and maintains their rides in-house lowering cost of construction compared to if they were imported
- Wonderla spends 8-10% of their revenues in advertisement and sales promotions
- Wonderla's business is seasonal in nature with higher footfalls in June and December quarters corresponding to summer break and festive season respectively.
BULLISH on HEROMOTOCO (Positional)NSE:HEROMOTOCO
HEROMOTOCO looks Bullish to me. The price is trading above the moving averages which indicates bullishness. The price had given a breakout from the trendline, and after that it consolidated and again gave breakout from a flag pattern. The MACD indicator has also given bullish signal. The RSI indicator is above 50 levels which indicates good momentum. I think its a good long for positional. The SL and Target is given in Chart.
Disclaimer : This my view and analysis. It is for educational purposes. It is not a recommendation, call or a tip.
BULLISH on SRTRANSFINNSE:SRTRANSFIN
The price has given the breakout from the wedge pattern after giving the breakout from the Triangle pattern. Other Information is given in the chart.
BULLISH on NAVINFLUORNSE:NAVINFLUOR
The price has given the breakout from the Channel Pattern. The prices has sustained after the breakout. The prices are above the moving averages. The MACD is also Bullish. The view is for upto 6 months. The Target and SL levels are on the charts.
Disclaimer : This is own view and analysis. This is only for Educational purposes. This is not a Tip, Call or a Recommendation.
BULLISH on MAHLOGNSE:MAHLOG
The price has given the Breakout from the consolidation. My view is bullish on the stock. The Indicators are also positive. The price is trading above the moving averages. My view is of upto 6 months. The important SL and Targets are on charts.
Disclaimer : This is my own view and analysis. It is for educational purpose. This is not a tip, call or a recommendation.
BULLISH on TATACOMMNSE:TATACOMM
On weekly timeframe the price has given breakout from the trendline. The MACD on weekly basis is also bullish. And RSI is also above 50 which shows good momentum. The prices has crossed the moving averages and is above all the moving averages which shows bullishness. The stock has outperformed NIFTY for 2Y timeframe. This view is for 6 to 12 months. The SL level is around 1055 levels. Target 1 is around 1500 levels and after that i will update on the targets.
Disclaimer : This is my own view and analysis. This is for educational purpose. This is not a recommendation, call, or a tip.
BULLISH Breakout in INGERRANDNSE:INGERRAND
There is a Breakout in INGERRAND. The prices are trading above the moving averages which shows bullishness. The stock as made new 52 week high, which is another sign of bullishness. The RSI is above 50 level which shows good bullish momentum. My view for this stock is for positional i.e. 1 to 6 months. The Target is around 2400 levels and the SL is around 1650 levels.
Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.