Cyber Monday saleUp to 70% OFF

Indianstocks

SAKAR HEALTHCARE By KRS Charts13th September 2024 / 9:49 AM Why SAKAR❓ 1. First sign that attract me was SAKAR is in Bullish Trend making HHs and HLs since listed. ⬆️ 2. SAKAR is currently reacted to be bullish again from 100 EMA support in 1W TF. also in 1D TF 100 EMA is Just Underneath 👌 3. Fortunately, it reacted to be bullish within that 0.5 to 0.618 fibbo zone. ⚡ 4. Bullish Continues Divergence is also supporting SAKAR to be bullish. ✅ SL is Flexible, in 1W TF until closing below 100EMA line. Target so far I'm expecting is New All Time High point
NSE:SAKARLong
by KRSCharts
Valiant Organics by KRS ChartsDate: 10th Sept 2024 Time: 10:09 AM Once Posted in past But This with Better Entry and Breakout What I Observed in VALIANTORG❓❓ 1. As per Wave Theory Correction Count of 1 to 5 is over for downside. Now as per this Upside movement can expected but when? 🤔Let me show you 👇 2. Double Bottom is visible from Strong Support as we can see in Chart. 3. Resistance Breakout Today which was lacking 1st time I have posted this, and volume is also decent which good enough for swing entry After all, Targets are in VALIANTORG will be ~650 Rs for short to medium term and 868 Rs for Long Term investment Let's Grab this, this time!!
NSE:VALIANTORGLong
by KRSCharts
KOTAKBANK - Keep an eye if it breaks the trendlineOn a monthly chart, #KOTAKBANK is creating Lower Highs and price is unable to break the trendline. However, a good volume is building up and price is consolidating, creating an inside bar setup. 50 SMA once broken but reclaimed back, chances are it should move up, but if it doesn't be ready to go back to 1545 levels. From current price levels, there is room to grow easily up to 25% up and once the all time high is broken, around 40% up side is predicted from the all time high(2253) levels in a long term. It would be good to see how it reacts in upcoming days.
NSE:KOTAKBANK
by cuteCockatoo27557
Bearish RSI divergence in Nifty, indicating a potential decline! Since October 2023, Nifty has demonstrated a robust upward trend, reaching an impressive peak of 25,333, marked an all-time high. However, the index has recently faced a setback, pulled back from this peak and currently indicating a downward movement. A significant bearish RSI divergence is evident on the daily chart, signaling a further potential decline for the index. On the downside, important support levels are lies between 23,900 and 24,100. It is crucial to recognize that a break below this support could lead to a significant drop in the index.
NSE:NIFTYShort
by GoodluckCapital
1
Titan By KRS chartsDate: 23rd July 2024 Time: 12:15 PM Why Titan? 1. On Weekly TF, 100Ema is good support underneath. 2. With 100EMA Bullish Continuous Divergence clearly visible with MACD as we can see in chart. 3. Wave Theory also suggest that Titan is in 5th wave on bigger cycle and seems like 4th wave is finished in smaller cycle so there is one more leg of 5th wave upside is remaining. After considering all the above points we can buy Titan Company for ATH and further towards upside with the SL of 3050 Rs from current price.
NSE:TITANLong
by KRSCharts
Greenply vs Greenpanel: A Clash of Plywood and MDF Giants!About Companies Greenply Industries NSE:GREENPLY is a prominent player in the plywood industry, dedicated to the production and trade of plywood and its associated products. Their extensive range features plywood, block board, wood flooring, medium density fiberboard, flush doors, and decorative veneers. Founded in 1984 by Shiv Prakash Mittal, the company operates out of Kolkata, India. In 2018, Greenpanel Industries NSE:GREENPANEL emerged as a separate entity from Greenply Industries, concentrating on the manufacturing of MDF boards and related products. Their product lineup includes wood flooring, veneers, flush doors, and more. Market Capitalization ● Greenply Industries - ₹ 4,751 Cr. ● Greenpanel Industries - ₹ 4,849 Cr. Technical Aspects Greenply ● The monthly chart reveals that the stock price encountered significant resistance around the 340 mark, resulting in a sharp decline that brought it down to the 70 level, where it found support. ● After an extented phase of consolidation, the stock formed a Double Bottom pattern. ● Once this pattern broke out, the price surged upward, and nearly 6.5 years later, in July 2024, the stock successfully broke through the previous resistance zone. ● Having maintained its position above this breakout level, the stock price is poised for further gains. Greenpanel ● After reaching a remarkable high close to 625, the stock faced a considerable downturn. ● It later found a solid support at the 260 level, which set the stage for its recovery. ● Nevertheless, the stock ran into resistance around the 430 mark, caused another retreat to the previous support zone. ● Currently, with a fresh upward trend, the price exhibits significant growth potential. Revenue Breakdown ● Greenply Industries generates a remarkable 77.4% of its total revenue from plywood and associated products, establishing itself as a dominant player with a 26% market share in the domestic plywood sector. ● In contrast, Greenpanel Industries focuses heavily on MDF boards, which make up an astounding 91% of its total sales, securing a 21% market share in the domestic MDF industry. Sales & Profit Analysis ● Greenply ➖ In the last three years, this company has experienced an impressive compounded annual growth rate of 23% in sales. ➖ However, profit growth has been modest, increased by only 3% during the same period. ➖ The company currently holds an operating profit margin of 9%, which is deemed acceptable. ➖ In the fiscal year 2024, earnings per share have dropped to 5.44, down from 7.44 in FY2023. ● Greenpanel ➖ Over the past three years, this company has achieved a compounded annual growth rate of 15% in sales. ➖ In contrast, profit growth has been exceptional, soaring at a 26% CAGR during the same period. ➖ Currently, the company boasts an operating profit margin of 16%, a noteworthy figure. ➖ However, in fiscal year 2024, earnings per share have declined to 11.64, down from 20.92 in FY2023. Valuation ● P/E Ratio ➖ Greenply Industries currently has a price-to-earnings (PE) ratio of 48.75, which is marginally above its 1-year median PE of 48.1, yet it aligns closely with the industry average PE of 48.75. ➖ On the other hand, Greenpanel Industries shows a current PE of 33.94, indicating it may be overvalued relative to its 1-year median PE of 25.2, but it appears undervalued when compared to the industry PE of 48.75. ● P/B Ratio ➖ Greenply has a PB ratio of 6.69, suggesting it is considerably overvalued. ➖ However, Greenpanel Industries has a PB ratio of 3.68, which, although somewhat high, does not indicate overvaluation. ● Intrinsic Value ● Greenply is presently valued at ₹984, a figure that is approximately 2.4 times its intrinsic worth of ₹158. This suggests that the stock is currently overvalued. ● Conversely, Greenpanel has a market price of ₹395, roughly 1.5 times its intrinsic value of ₹259, which similarly indicates that this stock is also overvalued at this time. Product Demand analysis (Plywood vs MDF) ● Greenply presently has an inventory turnover ratio of 4.2, an improvement from 3.96 three years ago. ● In comparison, Greenpanel Industries shines with a current inventory turnover ratio of 5.08, a substantial increase from 3.71 three years earlier. ● These figures clearly indicate a rising demand for MDF products, highlighting a promising trend in the market. Company Capex ● Greenply has significantly reduced its capital expenditure, slashing it to 123 crore from last year's 412 crore, indicating a lack of a robust capex program. ● In contrast, Greenpanel has made a remarkable leap in its capital investments, raising its capex to 344 crore from just 80 crore in the previous financial year. Debt Analysis ● Greenpanel Industries stands strong with a manageable debt of 296 crores and a favorable debt to equity ratio of 0.22, indicating that debt is not a concern for the company. With an impressive interest coverage ratio of 16, Greenpanel is well-equipped to handle its loan repayments without any issues. ● Other side, Greenply Industries carries a higher debt burden of 549 crores, reflected in a debt to equity ratio of 0.77. With an interest coverage ratio of only 3.33, the company may face challenges in meeting its loan repayment obligations. Cashflow Analysis ● Greenply has experienced an impressive increase in its operating cash flow, jumping to 111 crore from a mere 62 crore in FY23. ● Greenpanel Industries has struggled to convert its profits into cash, with its operating cash flow declined significantly to 135 crore from 337 crore in FY2023. Shareholding Pattern ● Greenply ➖ Foreign Institutional Investors (FIIs) are dramatically raising their investments. In the latest June quarter, their stake has surged to 4.91%, a notable increase from just 2.15% in June 2023. ➖ Meanwhile, Domestic Institutional Investors (DIIs) currently hold 30.33% as of the June quarter, down from 32.41% last year. ● Greenpanel ➖ Foreign Institutional Investors (FIIs) are consistently divesting their positions in this stock, with their current ownership now at a mere 2.12%, a significant drop from 4.3% a year ago ➖ In contrast, Domestic Institutional Investors (DIIs) are steadily boosting their investments, with their current stake rising to 26.71%, up from 21.60% in June 2023. Some Important Facts ● Shifting Demand From Plywood to MDF ➖ Worldwide, the consumption ratio of MDF to plywood stands at 80:20; however, in India, this ratio is notably reversed, with plywood dominating at 20:80 as of 2022. ➖ Industry experts predict that by 2030, this ratio in India will shift to an even 50:50. ➖ This shift indicates significant growth opportunities for the MDF sector in India, particularly as it is poised to capture a larger share of the low and medium-grade plywood market, which currently makes up 85% of the plywood industry in the country. MDF Industry Growth Drivers ● Growth of Online Home Décor Platforms ➖ The growth of online home décor platforms like Pepper Fry, Fab Furbish, and Urban Ladder has increased the need for ready-to-assemble (RTA) furniture, impacting the MDF industry directly. ● Reduction in Furniture Cycle Time ➖ The increasing popularity of stylish, comfortable furniture crafted from MDF has significantly reduced the home renovation timeline, slashing it from the previous 15 to 20 years down to just 7 to 8 years. ● Cost Advantage Over Plywood ➖ MDF is much cheaper than plywood because it is made from leftover wood materials, both hardwood and softwood. Conclusion ➖ After examining all the factors, it appears that the MDF industry is poised for significant growth in the near future, outpacing the Plywood sector. As a result, companies such as Greenpanel Industries are likely to reap substantial benefits, which will have a direct positive effect on their share prices.
NSE:GREENPANELLong
by GoodluckCapital
2
A contender to do 10x-15x from CMP in next 2-3 Years.Technical Analysis : Notes on Chart, Price is in Uptrend for the First time since its inception in 2008, 15 years ago. Fundamental Analysis : I would say Average or below average FA for an investment. As Cash Flow does not look, Company got positive results only from last 2 years. P/E ratio is high around 140 but in small caps usually it is the case. But the Solvency Ratio looks good and so Assets are good for long and short term both copared to Liabilities. Next Results are in November and would be a good time to re-evaluate the position. Just from the view of Fundamentals, Its not a screaming buy or more opportunities can be looked, But from the prespective of Technical Analysis a small risk is worth in it. TA wise the Signal is "BUY" Considering the Position may see drawdown of 50-60% also, Be wise to manage Risk Management for this Investment. #DYOR for more. 👍 #Positional / #Long_Term
Editors' picks
NSE:SEPCLong
by holdwithPriyank
5
Angleone is destined to stage a comeback!Technical Analysis (Weekly Timeframe) ● The stock had previously consolidated and established a Rounding Bottom pattern. ● Following the breakout, the price surged, hitting an impressive all-time high of 3,880. ● However, it then began to decline, ultimately dropping to the support level around 2,000. ● A robust rebound from this support, accompanied by significant volume, indicates that the stock is poised for another upward movement. ● The potential targets to watch for are: ➖ 1st Target - 3,400 level ➖ 2nd Target - 3,880 level. Technical Analysis (Daily Timeframe) ● The daily chart reveals that following the breakout from the Falling Wedge pattern, the price is currently in a consolidation phase, poised for a significant upward movement. ● The trading volume has surged notably in recent days, signalling that big market participants are showing keen interest. Technical Indicators (Daily Timeframe) RSI ● Current RSI of this stock is 61.37, which indicates the strength of buyers. MACD ● MACD line has crossed over the signal line from the below, indicates a robust bullish momentum is in play. ADX & DI ● ADX value surpassing 20 with +DI positioned above the -DI, indicates the strength of the trend.
NSE:ANGELONELong
by GoodluckCapital
TCS BULLISH BREAKOUT ON DAILY BASISTCS IS BULLISH IN THE chart and can be seen for more up trend 4632 reversal from 4432 can be support for the tcs. target for upside can be 4632, 4955 in coming future. stoploss can be 4363 those who are entering after reversal from 4432 so after breakout of 4565 can be upside more promising. #tcs #itsectorstocks #stocksinthenews #indianstocks #indianstockmarket #bullishstocks #august2024 #recentstocks #stocksintrend #uptrendstocks #uptrend
NSE:TCSLong
by dhavalmalvania
1
Dixon & Bajaj-Auto Showing High Rise in Future OIDIXON Following a significant upward trend, the stock price experienced a correction and later established a Double Bottom pattern. Recently, a breakout occurred, backed by strong volume, suggesting that the price is set for further gains. Additionally, a notable increase in future open interest—nearly 11%—has been recorded. This rise in both stock price and future open interest signals that big investors are optimistic about this stock. As long as the price remains above the 12,900 level, the overall sentiment is likely to stay positive. BAJAJ-AUTO During the upward movement, the price experienced a brief consolidation phase, resulted in the formation of a Rounding Bottom pattern. Recently, a breakout occurred, supported by significant volume, suggested that the stock price is poised to maintain its upward trajectory. Moreover, there has been a remarkable surge in future open interest, climbed nearly 19%. This increase in both the stock price and future open interest indicates that big investors are bullish about this stock. As long as the price remains above the 10,000 level, the overall sentiment is likely to stay positive.
Editors' picks
NSE:BAJAJ_AUTOLong
by GoodluckCapital
1
BPCL Trade Analysis for Buy using Wyckoff method.Wyckoff Story Prior to trading range we were in uptrend and then we have Stoping action and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH. Down wave Analysis We can see that the volatility of the down wave is decreasing from Phase A to Phase D, confirming the accumulation Bias. Volume Analysis In Phase B we see increase in supply but the price is not able to go below the trading range, lot of effort to push the price down but fails, indicating effort vs result is not synced. Confirming the accumulation bias. We have supply decrease from Phase A to Phase C indicating supply is being absorbed. Sign of Strength we have Major sign of strength in phase D with good demand volume indicating institutions are present in buying. Final View Bullish on stock with entry marked on the chart
NSE:BPCLLong
by ksujit08
COALINDIA Trade Analysis for Buy using Wyckoff method.Wyckoff Story Prior to trading range we were in uptrend and then we have Stoping action and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH. Down wave Analysis We can see that the volatility of the down wave is decreasing from Phase A to Phase D, confirming the accumulation Bias. Volume Analysis In Phase B we see increase in supply but the price is not able to go below the trading range, lot of effort to push the price down but fails, indicating effort vs result is not synced. Confirming the accumulation bias. We have supply decrease from Phase A to Phase C indicating supply is being absorbed. Sign of Strength we have Major sign of strength in phase D with good demand volume indicating institutions are present in buying. Final View Bullish on stock with entry marked on the chart
NSE:COALINDIALong
by ksujit08
ANDHRA SUGARS By KRS ChartsDate: 22nd Aug 2024 Time: 9:30 AM Why Andhra Sugars ❓❓ 1. In Bigger TF, it is making Higher Highs and Higher Lows so All over Bullish Stock from Sugar Sector . 2. Recent Lows in April 24 and Jun 24 was inside 0.5 to 0.618 Fibonacci zone which is known for reversal zone and successfully sustain above those lows. 👍 3. On 10th Jun its Gap Up and Breaks the trendline with successful retest with today's move 🎇 Near possible Target is ATH price point 177 RS. with SL of 94 Rs.
NSE:ANDHRSUGARLong
by KRSCharts
3