Infrastructure
IRB INFRASTRUCTURE - BULLISH MOMENTUM!!BUY - IRB INFRASTRUCTURE
CMP - Rs. 26
Target - 1: Rs. 34
Target - 2: Rs. 40
Target - 3: Rs. 58
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Technical - 1) Flat Base Pattern.
2) High Volumes in previous trading sessions indicating potential breakout.
3) Double Bottom chart pattern.
4) Positive breakout at first resistance, LTP>R1.
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Fundamentals -
a) The Highway construction company has recorded toll collection at Rs. 369.9 crore for the month of March 2023, growing 20.6% over toll collection in the same month, last year.
b) Quarterly EPS has been consistently rising.
c) PE = 21 < SECTOR PE = 33
d) Number of MF schemes have risen from 6 to 8 in December 2022 quarter.
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Comment:
a) Minimum Return - 28%
b) Maximum Return - 116%
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This is only an educational idea. I am not SEBI registered, so don't accept this as investment advice.
As with any trade, always look first, then leap.
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Why Grasim can blast a brief anaysis!!NSE:GRASIM is looking Good to enter if you want to invest in Nifty Infra for the upcoming weeks.
Even though volatility in the market has started to increase. It is stable and holding its levels Positively.
With every Swing in it, volatility is reducing & it can give huge returns in a shorter period.
One Can take Stop loss near the zone of 1760 (Tight SL) and 1700 as a (Loose SL)
Trade horizon can vary on movement of the stock, (Ideally 3-6 months)
I'll keep you updated here so make sure to follow for updates. and you can ask questions in the comments.
Follow for Such Ideas
Reason for why should you watch TCS !!TCS has given a breakout today & it's also at a good level to catch
Why TCS over all other IT Stocks NSE:TCS
Reason: Strength
When all others were in sell-off facing selling Pressure. It was the only standing man. Where the candles were forming was quite demanding.
Similarly, I've told some stocks in the Nifty Infra setup NSE:ULTRACEMCO NSE:GRASIM
Don't forget to follow
Follow for your learnings, not just for what I said
SHREYAS Shipping & LogisticsLogistics sector is doing very good and government main focus is on this sector to low down the costing of logistics to improve it and increase export from INDIA
Results are very good for shreyas shipping and there is positive relative strength building on the Technical chart
Buy small quantity around cmp 311 with SL of 300 DCB
Add more quantity if upmove sustains and trail your SL accordingly
* Follow10-10 Rule Do not invest more than 10% of your total capital in one stock to avoid big losses
JK Lakshmi Cement ready for the uptrend!🤩💸🔥Buy JK Lakshmi Cement for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡Capacity expansion to take care of growth:
JKLC’s subsidiary, UCWL’s capacity expansion of 2.5MT with a CAPEX of Rs16bn is planned to be commissioned by end of FY24. The funding for the expansion will be through Debt-Equity (70%:30%) and the subsidiary will raise equity through equity infusion from JKLC. The company will spend ~Rs.2bn in FY22 and ~Rs.10bn in FY23. JKLC’s current gross debt stands at Rs.10.78bn & Net debt at Rs.4.14bn (reduced from Rs.21bn in FY17). Debt repayment scheduled for FY22 is ~Rs.330cr.
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💡Valuation & Outlook:
The demand outlook is positive given GoI’s strong focus on infra & Housing. The expansion of 2.5MT will support future growth.
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✔️ Technically & Fundamentally Strong💪💪
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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APARIND |BO Candidate Near ATH | Min 50% NSE:APARINDS
Multi-Year Breakout Candidate
Near 4 year Resistance
Consistent Volumes in last 1 yr signal Accumulation
Return Potential : Minimum 50%
Wait for BO above 830-840 zone
Targets : 1000 - 1184 - 1404
SL : 710
Monthly & Weekly RSI > 60 for past 12 months
Golden Cross-Over signals Long Term Bullish Trend
PSP Projects | Multi-Year Breakout |70% Return Possible | ATHNSE:PSPPROJECT
Multi-Year Breakout with Volume
Monthly & Weekly Breakout with Volume from Rounding Bottom Pattern
Buy : 575 to 500
Targets : 726 - 828 - 990
SL : 480
Golden Cross-Over in Weekly Charts
Weekly & Monthly RSI > 60 signals strength & buying interest
Big Volume Bar on Monthly & Weekly Candle shows sustained accumulation