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Dixon TechWave 3 is extending & RSI has started to make divergence & wih daily RSI around 90 we can expect pullback in Wave 4 but this stock looks a good stock for portfolio.
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Chart Shared for education purpose only.
IOC might be wave in wave 3 | Swing TradeIOC min target 1 if breaks 91.4 with stop loss given in chart.
Stock looks to be in wave 3 with should be 100% of wave 1 and more than 100% if extended.
Disclaimer : Not an investment or trading advice. Please do your own research and analysis before putting money.
Tata Power 1st impulse after long consolidationTata Power has consolidated for about 18 months from top of Oct 2021 & we have seen clean 5 Wave rise from bottom now a pullback towards 205-200 would be good zone to long for long term & short term trades
Tata Power is in our investment pick & we have a long term target above 2000.
We are not SEBI Registered Advisors. This Chart is purely for training and educational purposes. We shall not be responsible for your profit or loss. Please confirm with your investment advisor.
Bank Nifty Levels for 23-05-2023In Bank Nifty Upper side 44075-44150 is Important Level
and Lower Side 43750 is important level.
Previous day Bank Nifty has closed @ 43885.
Check Previous Day Level Performance and comment.
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Creditaccess consolidating in a range, near 870 grt risk rewardCreditaccess consolidating in a range since Apr'22 and whenever this range will break it will just fire up. Now there are 2 options in front of us
1) Wait for retracement to 870-880 zone which will give great risk reward. Just place alert and wait for trigger
2) Wait for open above 1090 and then enter.
3) There is another option, enter near 945 with 33% plan qty and add more near 870-880 zone. If price retraces from 945 zone then can add more above 1090 zone.
SL in all cases will be closing below 850
After breakout consolidation is very healthy sign but this stock can take time to give decent returns.
Always respect risk, reward will be taken care by Market forces.
Enjoy
Multi Months Symmetrical Triangle Breakout Seen in Data MaticsAbout Company:-
Datamatics Global Services Ltd is a global provider of Information Technology (IT), Business Process Management (BPM) and Consulting services. The Company provides business aligned next-generation solutions to a wide range of industry verticals that help enterprises across the world overcome their business challenges and achieve operational efficiencies.
Market Cap
₹ 2,041 Cr.
Current Price
₹ 346
High / Low
₹ 364 / 234
Stock P/E
11.0
Book Value
₹ 178
Dividend Yield
1.08 %
ROCE
24.8 %
ROE
19.5 %
Face Value
₹ 5.00
Debt
₹ 21.3 Cr.
EPS
₹ 32.0
PEG Ratio
0.44
Promoter holding
70.9 %
Intrinsic Value
₹ 357
Pledged percentage
0.00 %
EVEBITDA
6.79
PROS
Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 24.8% CAGR over last 5 years
CONS
The company has delivered a poor sales growth of 9.90% over past five years.
Promoter holding has decreased over last 3 years: -3.26%
Working capital days have increased from 95.4 days to 147 days
Well i have done my analysis in it, and i found it a profitable bet for future. Technically and fundamentally it is looking good. We have already seen a multi months symmetrical triangle breakout in it. A huge upside momentum expected from here. For trading perspective i already written levels on chart. But according to me this is best to time enter for long term. All the data showing very positive for this ticker. In coming 6-7 years we can see 800-1000% returns in it. So take position accordingly. If you are planning for trading purpose then please follow strict stop loss.
Please guy's if you like my then please support me by like and follow and please tell me your view regarding this company in comment box, i would be happy to reply there.
Thankyou:-))