Love is in the Air: Top Wedding Stocks in this season◉ Abstract
The Indian wedding industry is a huge part of the economy, worth about ₹10 lakh crore (around $130 billion), making it the fourth largest industry in India after food and groceries. Families spend a lot on weddings, often around ₹12 lakh (about $15,000), which is more than what they spend on their children's education. Every year, India sees around 80 lakh to 1 crore weddings, mostly during the busy season from October to December.
This industry includes important sectors like jewelry, clothing, hospitality, and travel, with bridal jewelry making up over half of all jewelry sales. As incomes rise and people spend more on luxury weddings, the industry is expected to grow even more, supported by government efforts to promote India as a top wedding destination.
Read full analysis here:
◉ Introduction
The Indian wedding industry is a vibrant and expansive sector, estimated to be worth approximately ₹10 lakh crore (around $130 billion), making it the fourth largest industry in India, following food and groceries. This industry is characterized by its cultural significance and economic impact, driving consumption across various sectors.
◉ Overview of the Indian Wedding Industry
● Economic Significance
➖ The Indian wedding economy is a major driver of economic activity, with families spending substantial amounts on weddings, often exceeding expenditures on education for children. On average, an Indian wedding costs around ₹12 lakh (approximately $15,000).
➖ The industry is projected to grow significantly, with estimates suggesting it could expand by 3.7 times over the next five years due to rising incomes and changing consumer preferences.
● Wedding Season Dynamics
➖ India hosts about 80 lakh to 1 crore weddings annually, primarily peaking between October and December. This period coincides with festive seasons, further boosting spending.
➖ Weddings in India are known for their grandeur and can include elaborate celebrations lasting several days, often with thousands of guests.
◉ Three Major Sectors Within the Industry
The Indian wedding industry encompasses various sectors that contribute to its overall growth:
i. Jewellery:
➖ This sector is the largest beneficiary, with bridal jewellery accounting for over 50% of all jewellery sales in India.
Stock to keep on radar from this sector:
1. Titan NSE:TITAN
2. Kalyan Jewellers NSE:KALYANKJIL
3. Senco Gold NSE:SENCO
ii.Apparel:
➖ Weddings contribute to around 10% of the apparel market, with significant demand for bridal wear.
Stock to keep on radar from this sector:
1. Vedant Fashions NSE:MANYAVAR
2. Aditya Birla Fashion & Retail NSE:ABFRL
3. Arvind Fashions NSE:ARVINDFASN
4. Raymond NSE:RAYMOND
iii.Travel and Hospitality:
➖ Destination weddings are gaining popularity, leading to increased demand for hotels and travel services.
Stock to keep on radar from this sector:
1. The Indian Hotels NSE:INDHOTEL
2. EIH Limited NSE:EIHOTEL
3. Chalet Hotels NSE:CHALET
4. Interglobe Aviation NSE:INDIGO
◉ Future Prospects
The Indian wedding industry is expected to continue its robust growth trajectory due to:
● Increasing disposable incomes among the younger population.
● A growing trend towards luxury spending on weddings.
● Government initiatives like the "Wed in India" campaign aimed at promoting India as a premier wedding destination globally.
◉ Conclusion
In conclusion, the Indian wedding industry not only holds significant cultural importance but also serves as a powerful economic engine impacting various sectors across the country. As consumer preferences evolve and economic conditions improve, this industry is poised for substantial growth in the coming years.
Indigo
Indigo Paints cmp 1654.15 by Weekly Chart since listed*Indigo Paints cmp 1654.15 by Weekly Chart since listed*
- Resistance Zone 1640 to 1680 soon to be Support Zone subject to Breakout made
- Weekly basis Support at 1501 > 1351 > 1174 with Resistance at 1770 > 1905 > 2050
- Back to Back repeat Bullish Rounding Bottoms with the current Resistance Zone and soon to act as Support Zone
- Traded Volumes are needed to sustain Breakout attempt over the Resistance Zone soon to be acting as Support Zone
- Price sustaining well above Falling Resistance Trendline and attempting Breakout above Resistance Zone soon to be Support Zone
INDIAGO PAINT ready to touch IPO price 1 as 11 risk reward ratioINDIGO PAINT has give long 2 and half year consolidation break out.
Stock as has been down trend its listed on Feb 2021
Stock has give rounding bottom pattern breakout and multiple pattern at lower time frame.
*POSTIONAL TRADE*
Buy INDIGO PAINTS
At 1650 50% quantities, 50% between 1600-1625
Stop 1485
Target 1 (1:2) 1791
Target 1 (1:4) 1991
Target 1 (1:5) 2091
Target 1 (1:7) 2291
Target 1 (1:9) 2491
Target 1 (1:11) 2691
_Duration 6 months_
Trade as per your risk-taking capacity.
MACD Crossover - INDIGO📊 Script: INDIGO
📊 Sector: Air Transport Service
📊 Industry: Transport - Airlines
Key highlights: 💡⚡
📈 Script is trading near upper band of BB.
📈 MACD is giving crossover .
📈 Already Crossover in Double Moving Averages.
📈 Right now RSI is around 62.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 3179
🟢 Target 🎯🏆 - 3385
⚠️ Stoploss ☠️🚫 - 3072
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
INDIGO - Interglobe Aviation Ltd. - Break Out OpportunityDate : 5-Oct-2023
Rating : Buy
LTP : Rs. 2473.40
Target : Rs. 2745++
Exit Plan : Follow the 7D/13D EMA cross down on closing basis.
NSE:INDIGO has given a break out from its current short term down trend with high volume. Has closed above 20D MA. 7D EMA has crossed 13D EMA. RSI is above 50 and MACD has crossed over the signal line. All these indicates that NSE:INDIGO is ready to fly and further up move will be seen with a possibility of new lifetime high.
NSE:INDIGO can also be looked from long term perspective with a horizon of 3/5 years. Also time to accumulate more if already going long in this.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
INDIGO | Swing Trade📊 Details
Interglobe Aviation Ltd (Indigo) is India’s largest passenger airline operating as a low-cost carrier. Serving 86 destinations including 24 international destinations, it provides passengers with a simple, unbundled product, fulfilling its singular brand promise of providing “low fares, on-time flights, and a courteous and hassle-free service” to its customers. IndiGo commenced operations in August 2006 with a single aircraft and has grown its fleet to 262 aircrafts.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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INDIGO : Best swing shorting OpportunityAlert! Bearish Pattern Spotted! 🐻
📊 Pattern: Rising Channel
📌 Symbol/Asset: INDIGO
🔍 Description: Stock is rising and now making rising channel.
Which is bearish pattern.
We can see downside from hereon.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Analyzing Indigo: an opportunity to go LongIndigo appears to present a favorable opportunity for a long position. I've outlined the entry price, stop loss, and target levels for this stock within the chart.
Please keep in mind that these are my personal opinions, and I don't recommend you follow them as stock tips. I encourage you to study the chart and share your feedback so that we can collectively enhance our understanding as a community.
Bullish IndiGoIndiGo price action is looking bullish at this moment. Today price action has confirmed the upside movement. Keep a close watch on it. I entered in it @ 2423 day before yesterday.
Disclaimer - I am not a SEBI registered technical analyst and advisor. Kindly do self analysis before taking trade. Idea is for information purpose only.
INDIGONote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
INDIGO CASE STUDYIndigo spot cmp 2620
weekly time frame
Harmonic study
Bearish butterfly pattern formation
PRZ in range 2620-2650
Price rejection is observed at weekly high levels,
high price of last week and current week are almost same,
Till we dont get any breakout above this levels, counter have probability to retrace,
bulls need to be cautious at the moment,,
keep watch
Indigo Airlines : Positive news, good results & bearish analystsIndigo has broken through life highs and moving towards 2500 plus. This template can help you both if you are long as well as if you are thinking of buying now. Or more imp - if you are long and Indigo corrects by 5-10% (which it def will on its way higher)
What sparked the rally in Indigo? Bearish sentiment, Go Air or crude oil - and why its imp to understand that
Now that one is long (assuming) what to do when the stock pulls back to the 21 EMA (2200 odd)
What are catalysts that sparked this rally - Why is the street so bearish on it? And does their bearishness help or hinder the rally?
Looking at regional airlines like Qantas, Singapore performance in this quarter
Airlines businesses are always called the million-are makers - You start as a billionaire and destroy enough wealth to become a millionare. (is that true?)
All comments and criticisms are welcome!