Fresh Breakout in Grasim Good Opportunity for BuyingNSE:GRASIM
As whole market took a good correction , Grasim took a correction of
16% from its ATH. it took a trending resistance while coming down and
Broke it recently as well as gave breakout to the consolidation of past few
Days and seems very bullish and shoes a great opportunity for buying.
Addition to this CNXINFRA(NIFTY INFRA) has also gave a sectoral breakout .
as Grasim being its good member money inflow would start in it as well.
We can consider an entry on retracement or above the high of previous candle
for the given targets in the chart.
HAPPY INVESTING!!!
NOTE - THIS TRADE IDEA IS ONLY FOR EDUCATIONAL PURPOSE
WE ARE/WOULD NOT BE RESPONSILE FOR ANY PROFIT OR LOSS
Infrastructure
right time to invest in roads of INDIA OVERVIEW OF HG INFRA -
company works under infrastructure sector ; construct roads, bridges, highways, extension and grading of runways, railways and land development.
HGIEL has evolved into a leading Indian road infrastructure development company, with a project execution capabilities over 9 states.
company is successfully completing and overtaking new projects. even in covoid company was able to generate profit.
company's client list - 1.NHAI 2.MORTH 3.PWD RAJASTHAN 4. IRB 5.MRM 6.TATA 7.ADANI 8.JAIPUR DA 9.MES
if we look closely around ongoing and upcoming project details of company most of them are commissioned by NHAI (National Highway Authority of India ). and if look closely sector wise infrastructure sector is not that much focused in market for now. but g-summit 2023 is going to happen in INDIA . NHAI giving contracts to develop indian infrastructure for upcoming largest event in 2023. we can bet on HG infra for infrastructure theme.
COMPANY'S FUNDAMENTAL-
1.constant growth in revenue and profits no dent.
2.holdings are strong with no pledging.
3.company's expenditures are decreasing with increase in revenue and profitability which is good sign.
4.company's EPS is increasing year on year.
5.PBT,EBITDA ratio increasing
6. less than sector PE ratio ( sector pe -75.88 / company's pe ratio -16.33 )
7. ROE - 22.27%
8. high debt company's working model still dept to equity is 0.65
TECHNICAL ANALYSIS-
corrected almost 31% from its all time high.
creating a base after correction.
pullback below 580 price happened twice.
right time to invest some part of capital in this stock.
this study is for education purpose only.
JK Lakshmi Cement ready for the uptrend!🤩💸🔥💡OUTLOOK:
The cement demand in the country will remain buoyant backed by higher infra and housing spending by the government and robust rural and real estate demand. The company is well-positioned to grow its revenue and profitability on account of attributes such as strong position in its key markets of North and West, increasing share of value-added premium products, and strengthening the balance sheet.
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Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
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The stock gave a multi-year breakout and then was in the retracement phase. Now, the breakout of retracement trendline the retracement seems to come to an end & we can expect a strong rally from this level.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY of stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
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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LIKE, COMMENT & SHARE 😄😄😄
Oberoi, realty sector bet#oberoi
#oberoirlty
Posted impressive unit selling numbers.
One of my major bet in realty sector.
Technically, did breakout with ATH volume spike. And retested breakout with falling volumes.
RSI above 55.
800-850 was proper range to add, but seems like missed it.
Will start adding on dips for long term now.
#vr
Welspun- BO above 5 yr Resistance, Can Rally 60%NSE:WELSPUNIND
Multi-Year Breakout above 5 Year Resistance of 89
Huge Gap in Weekly Charts filled after 5 years and 3rd Breakout Attempt
Short Term Tgt : 103 - 113 - 121
Time Frame : 1- 3 Months
Long Term Tgt : 160
Time Frame : 3 - 12 Months
R:R - 1:5
SL : 76
Golden Cross Over & +ve RSI Divergence
Ultracemco, Bullish viewCement sector has gone under time wise and price wise correction form the past 10 days.
Also the recent launch of Gati mission by Hon’ble PM, expands the horizon of infrastructure development in India which would aid -
1. Efficient Logistical support
2. Enable better mobility and connectivity
3. Promote local trades
4. Real Estate development as whole.
These factors combined can boost the cement sector significantly. Ultratech Cement being the leader will stretch out first in race. The current 1.2 mtpa addition in capacity by Ultractech will also enable it to capture larger marker and fulfil the quality demand in the sector.
CMP: 7350
Positional trade through Cash or F&O means,
Target: 7600; 7800; 8000+ (Always trail the profits)
SL 7190/-
Gujgasltd, Bullish move in GasGas prices are rising globally. Similarly, ONGC and GAIL, are trading at higher prices. It will have a spill over effect on Gas infrastructure and distribution companies like Gujgas and IGL.
Also Gujgas is trading at a crucial support price of 612/-
Buy Gujgas with a small SL of 590/- and targets of 700 in 30 days.
Positional trade.
Indus Tower Looking Good For Long As we Can See it is consolidating betwwen rang and not breaking the either side ....as of now it is geting rejected from 222-223 if in coming days its give breakout then we can go long on it till 234
Buy above 225
Target 234/240
SL 212
Can Trade it Through Options
220 CE
CMP 9
TArget 10/11/12
SL As per ur risk Becasue Lot size is too big (2800)
Shree Cement Long positionCement sector as a whole has been subdues in the ongoing bull run. There is also decent accumulation in the price band of 26500-27900. As per the specifics and fundamentals, there is going to be some moderate buying in this sector owing to the RIGHT PRICE.
I would suggest to invest in future and hold till September. Don’t put SL, instead buy if it comes to levels to 25800.
Orient cement`s next target is 117.55In the monthly chart view, orient cement's next target is looking 117.55 which is the next resistance of the ongoing up move. But weekly is showing the next target is 120, will take a long time than monthly chart and daily chart is in consolidation so we have to wait for the breakout.
Disclaimer - These are my personal views. Don't trade on behalf of my views. Consult your financial advisor before any investment.
Comment your views
thanks