Bullish Triangle Pattern Breakout seen in Garments mfg. stockHello Everyone, i hope you all be doing good. I have brought a stock which has given bullish triangle pattern breakout. Stock name is Cantabil Retail India Ltd and it was incorporated in 1989 and started its readymade garments manufacturing and retailing business in the year 2000.
Product Portfolio & Revenue Split 9MFY24
Men’s Wear (83%) - Formals, Casuals, Ultra Casuals, Woollen, Knitwear
Women’s Wear (10%) - Shirts, Tops, Leggings, Kurtas, Kurtis, Capri, Pants, Jeans
Kids Wear (3%) - Shirts, T-shirts, denim, trousers, Culottes, dresses, tops, jeggings, shorts
Accessories (4%) - Innerwear, Belts, Socks, Ties, Handkerchief, Deo, etc.
Technically stock has given neat and clean breakout of bullish Triangle pattern,
Indicators like MACD & RSI started giving bullish crossover on chart.
Price is above 200-DEMA.
NOTE:- (I have not placed any indicators on chart just to keep chart neat and clean, but certainly i have done my analysis with indicators)
Market Cap
₹ 2,450 Cr.
Current Price
₹ 293
High / Low
₹ 310 / 181
Stock P/E
40.1
Book Value
₹ 39.0
Dividend Yield
0.31 %
ROCE
18.0 %
ROE
22.3 %
Face Value
₹ 2.00
Industry PE
31.3
Debt
₹ 336 Cr.
EPS
₹ 7.44
Promoter holding
74.1 %
Intrinsic Value
₹ 131
Pledged percentage
0.00 %
EVEBITDA
16.4
Change in Prom Hold
0.81 %
Profit Var 5Yrs
37.4 %
Sales growth 5Years
16.4 %
Return over 5years
44.2 %
Debt to equity
1.03
Net profit
₹ 62.2 Cr.
ROE 5Yr
22.8 %
Profit growth
-9.09 %
Earnings yield
3.82 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Investing
Swing Momentum stock 15 feb 2024Saregama India Ltd |Swing Momentum stock 15 feb 2024
Saregama is the oldest music label company from India (established 1902, erstwhile "Gramophone Company of India" & then "HMV"). The company is aiming to be a pure-play content company supported by the global consumption boom.
financial: strong
Market Cap = ₹ 7,546 Cr. ROCE =17.6 % ROE = 12.8 %
Debt to equity= 0.00 Promoter holding = 59.1 %
Quick ratio = 3.48 Current ratio = 4.24
Profit Var 3Yrs = 58.8 % Sales growth 3Years =12.2 %
this is really good momentum stock with strong financial.
Rsi is also in uptrend.in past there is good movement in huge volume.
this sector is always forever. so my view is long time bullish.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
Shaily Engineering Plastics Ltd| swing idea 15 feb 24Shaily Engineering Plastics Ltd| swing idea 15 feb 24
The Company is engaged in the manufacture and sale of injection moulded precision plastic components, sub-assemblies for various requirements of Original Equipment Manufacturers (OEM)
financial :strong
Market Cap = ₹ 2,122 Cr. ROCE = 11.4 % ROE = 9.15 %
Debt to equity = 0.49 Promoter holding =43.8 %
Quick ratio = 0.75 Current ratio = 1.12 Return on assets = 5.13 %
this stock is in momentum with heavy volume build up.
Rsi also in uptrend.
unique business model with trending plastic sector.
lets see how market recognize this stock.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
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MOMENTUN SWING IDEA |DCM Nouvelle LtdMOMENTUN SWING IDEA |DCM Nouvelle Ltd
Incorporated in 1991, DCM Nouvelle Ltd is in the business of manufacturing and sale of cotton yarn
FUNDA1MENTAL: Medium
This stock is in momentum now. keep in radar and do further analyses for better knowledge.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
Momentum Swing Idea| Mallcom (India) LtdMallcom (India) Ltd
Established in 1983, Mallcom (India) Ltd. is an ISO certified and government-registered star trading house. The company is in the business of manufacturing Personal Protective Equipment and Industrial Safety products.
Financial =strong
Market Cap ₹ 649 Cr. Stock P/E 18.9 ROCE 20.5 %
ROE 19.9 % Debt to equity 0.45 Promoter holding 73.7 %
Quick ratio 0.88 Current ratio 1.49 Piotroski score 6.00
Profit Var 3Yrs 28.2 % Sales growth 3Years 12.6 % Return on assets 11.7 %
This stock is small cap with unique business . moreover fundamentally strong company.
as well as RSI took support on 55 range . in near time if market breath is positive than this stock will be next level or if it break the momentum zone than be cautious. everyone must take glance in this business idea. even this type of small cap stock make next multibagger .
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
swing idea for momentum |Dolat Algotech LtdDolat Algotech Ltd
Dolat Algotech Ltd is a trading cum clearing member of NSE India and carries on the business of securities broking and securities trading.
Fundamenal: strong
this stock is in momentum zone .this weekly chart and I will invest for short term or momentum goes over. keep in radar this stock.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
KRBL is ready for another swing, 83% upside possible from hereHello guy's i have brought another stock which has taken support in trend continuation pattern, stock has shown huge volume spike, means traders and investors showing interest from this level. Higher probability we can see krbl towards 450/550+ in coming few months. Fundamentally this is one of the best company with good management, it has helped many investors to create huge wealth in past. Since Nov 2017 after making fresh new all time high at 675, it went in downtrend and made fresh low at 92 in march 2020(covid fear). Now stock has just taken support at support line and it is ready to fly in blue sky.
Q:-What is Bullish Ascending Channel or Trend Continuation Pattern?
Ans by Rahul:- A bullish channel is called a continuation trend pattern. The bullish channel is assembled by two parallel lines that frame the upward price trend. A line is validated when there has been at least two points of contact with the price.
Q:- How to take Entry and Exit in Trend Continuation Pattern?
Ans by Rahul:- Traders often consider buying near the lower trendline of the rising channel, anticipating that the price will bounce within the upward channel pattern. This provides potential entry points for bullish trades. And when price approaches the upper trendline of the channel, traders exercise caution. This is because the upper trendline may act as a resistance level. It's a point where the uptrend could temporarily stall or reverse, and this is only exit point or profit booking area for the Traders.
Well guy's, while a rising channel suggests the continuation of an uptrend, traders also watch for potential ascending channel pattern breakouts. A rising channel pattern breakout can occur when the price either breaks above the upper trendline or below the lower trendline. An upside channel pattern breakout may signal a potential acceleration of the uptrend, while a downside breakout could indicate a reversal or trend change.
About Company:-
KRBL is worlds leading basmati rice producer and has fully integrated operations in every aspect of basmati value chain, right from seed development, contract farming, procurement of paddy, storage, processing, packaging, branding and marketing.
Market Cap
₹ 7,100 Cr.
Current Price
₹ 310
High / Low
₹ 471 / 258
Stock P/E
11.9
Book Value
₹ 212
Dividend Yield
0.32 %
ROCE
15.8 %
ROE
12.5 %
Face Value
₹ 1.00
Industry PE
38.0
Debt
₹ 545 Cr.
EPS
₹ 26.0
Promoter holding
60.2 %
Intrinsic Value
₹ 325
Pledged percentage
0.00 %
EVEBITDA
8.47
Change in Prom Hold
0.00 %
Profit Var 5Yrs
3.56 %
Sales growth 5Years
5.50 %
Return over 5years
-0.35 %
Debt to equity
0.11
Net profit
₹ 596 Cr.
ROE 5Yr
14.8 %
Profit growth
-15.0 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Long Term Investment Idea in Piston Making CompanyHello Everyone, i hope you all will be doing good in your Life and Trading as well.
Today i have brought an investment idea for long term on Auto component making company, which is primarily engaged in the manufacturing of pistons, piston pins, piston rings and engine valves for various automotive companies in the domestic and export markets.
The company's product portfolio includes a broad range of Pistons, Piston Pins, Piston Rings, Engine Valves and Cylinder Liners. The company's product portfolio includes a broad range of Pistons, Piston Pins, Piston Rings, Engine Valves and Cylinder Liners.
The Co.’s customer base includes most of the OEMs in India like Maruti, Mahindra, Honda, Ford, Nissan, Tata, Bajaj, Hero, TVS, Yamaha, Ashok Leyland, Daimler, VE Commercial, Swaraj, and various others. It also caters to global OEMs, namely Jaguar, Land Rover, JCB, BMW Motorrad, Volkswagen, Rotax, ZF Wabco, Yanmar, etc.
The Co. has 3 manufacturing plants located across Uttar Pradesh and Rajasthan. Assembly units are located at Gurugram, Pune, Hosur, Becharji (Gujarat) and Sahibabad.
The Co. has various technical collaborations in different areas with KS Kolbenschmidt GmbH, Germany; Honda Foundry Co. Ltd, Japan; Riken Corporation, Japan and Fuji Oozx Inc, Japan.
Company is totally good as Technically and Fundamentally with good management. Stock has given Multi Year breakout with good Volume. there is higher probability, we can see follow through momentum.
Market Cap
₹ 7,884 Cr.
Current Price
₹ 1,790
High / Low
₹ 1,790 / 491
Stock P/E
19.1
Book Value
₹ 394
Dividend Yield
0.28 %
ROCE
24.7 %
ROE
20.8 %
Face Value
₹ 10.0
Industry PE
33.3
Debt
₹ 333 Cr.
EPS
₹ 94.0
Promoter holding
46.8 %
Intrinsic Value
₹ 1,208
Pledged percentage
0.00 %
EVEBITDA
11.0
Change in Prom Hold
0.00 %
Profit Var 5Yrs
16.0 %
Sales growth 5Years
8.57 %
Return over 5years
28.7 %
Debt to equity
0.19
Net profit
₹ 414 Cr.
ROE 5Yr
13.1 %
Profit growth
63.2 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Kingfa Science : 18% to 343% Upside Potential "Strong Breakout"#Kingfa Science : 04 Jul 2024
"Life is Simple, we make it complicated, So is Trading.
Discover Simple, Yet POWERFUL IDEAS."
In Play : HH : HL
Summary
• CMP : 2604
• Clean Price Action with Vol favor's BULLS FOOT PRINT
o Strong Breakout
• Nice CONSOLIDATION of around 10-12 months
• Trading right ABOVE VP mountains
- ATH : 2604.50
Conclusion
• CMP 2604
• Looks good for going NORTH
• Higher Levels could be around
o ST Higher Levels : 3057/4077
o MT/LT Levels : 6360/11542
Wish You Happy & safe trading
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
IDFC First Bank : 34% to 218% Upside Potential#IDFC First Bank : 01 Jul 2024
"Life is Simple, we make it complicated, So is Trading.
Discover Simple, Yet POWERFUL IDEAS."
In Play : HH : HL
Summary
• CMP : 82
• Clean Price Action with Vol favor's BULLS FOOT PRINT
• Nice CONSOLIDATION of around 8-10 months
• Trading right AROUNG VP mountains
- ATH : 100.70
Conclusion
• CMP 82
• Looks good for going NORTH
• Higher Levels could be around
o Imm Higher Levels : 110/124
o Potential Levels : 168/262
Wish You Happy & safe trading
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Momentum swing idea|Avenue Supermarts LtdAvenue Supermarts Ltd
venue Supermarts Limited (DMart) is a national supermarket chain, with a focus on value-retailing. We offer a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General Merchandise & Apparel product categories.
Fundamental : strong
Market Cap₹ 2,79,659 Current Price ₹ 4,298 Stock P/E 115
ROCE 20.1 % ROE 16.0 % Debt to equity 0.04
Promoter holding 74.6 % Quick ratio 1.08 Current ratio 3.52
Piotroski score 8.00 Profit Var 3Ys 22.5 % Sales growth 3Years 19.9 %
Return on assets 14.1 %
This is large cap stock with high momentum stock with FMCG sector in trend.
keep in radar. although stock PE is high but their sales is also improving since last some years.
lets how market react and closely watch stock performance.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. This is just educational purpose only. I am not responsible for any profit and loss. Do your own research before investing.
If you like my momentum strategy and ideas than like boost and follow me for more ideas.
Thanks and comment freely
Donear Industries : 42% to 583% Upside Potential#Donear Industries : 21 Jun 2024
"Life is Simple, we make it complicated, So is Trading.
Discover Simple, Yet POWERFUL IDEAS."
In Play : HH : HL
Summary
• CMP : 138.72
• Clean Price Action with Vol favor's BULLS FOOT PRINT
• Nice CONSOLIDATION of around 17 months
• Trading right ABOVE VP mountains
* BO with good volume
* ATH : 241
Conclusion
• CMP 138.72
• Looks good for going NORTH
• Higher Levels could be around
o Imm Higher Levels : 187
o Potential Levels : 352/597/785/944
Wish You Happy & safe trading
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Rain Industries : 97% to 1310% Upside Potential#Rain Industries : 20 Jun 2024
"Life is Simple, we make it complicated, So is Trading.
Discover Simple, Yet POWERFUL IDEAS."
In Play : HH : HL
Summary
• CMP : 170.50
• Clean Price Action with Vol favor's BULLS FOOT PRINT
• Nice CONSOLIDATION of around 24 months
• Trading right AROUNG VP mountains
- ATH : 475
Conclusion
• CMP 170.50
• Looks good for going NORTH
• Higher Levels could be around
o Imm Higher Levels : 331/427
o Potential Levels : 786/1286/1715/2403
Wish You Happy & safe trading
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
JUBLFOOD formation of Double BottomDouble bottom chart pattern formed in JUBLFOOD and pattern will active only after break and close above 470.
It is also important to note that JUBLFOOD is bounced back from prior support level with formation of bullish candlestick called Hammer.
Price is also pierced the downtrend line and currently price is consolidating near neckline.
We have also found inside bar pattern near the neckline, if upside breakout is sustained then we can get sharp up move or else pattern will be invalid.
"🚀 Castrol Stock Analysis: Bullish Signals & Targets📈 NSE:CASTROLIND Technical Analysis (Week Ending 16th Feb 2024)
Closing Price: 💵 207.70
Parabolic SAR: ✅ Buy Signal @ 186.55
EMA & MA Crossover: 🔄 Pending (Bullish Trend Support Expected Soon)
MACD:
MACDR: 📊 6.95 (Crossing Signal)
Histogram: ➕ Positive @ 0.05
Stochastics RSI: 🔄 K51.90 ➡️ D35.58 (Oversold Zone Exit)
%R (Williams Percent Range): 📈 Upward Trend @ 21.52
Fisher Transform: 🐟 0.58 (Bullish Crossover Mid-Range)
🎯 Targets:
First Target: 🎯 213.55 (Recent High)
Second Target: 🎯 220.40 (Fibonacci 1.618 Level)
🛑 Stop Loss: ⚠️ 199.50 (Fibonacci 0.618 Level)
⚠️ Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Market conditions are dynamic; trade responsibly based on your own due diligence.
#Castrol #TechnicalAnalysis #StockMarket #NSE #TradingView #Investing #Finance #Stocks #BullishTrends #TradingSignals #MarketAnalysis #FibonacciLevels #StochasticsRSI #MACD #ParabolicSAR
Breakout with huge volume, 103% upside is possible in few monthsHello Everyone, i have brought a stock which has given breakout of triangle pattern with huge volume, and huge volume means breakout is going to sustain for sure. Stock name is Saksoft Ltd and it is engaged in providing business intelligence and information management solutions predominantly to mid-tier companies based out of USA and UK. It was established in 1999 by Autar Krishna and his son Mr Aditya Krishna.
Service Offerings
The company is a leading Digital Transformation Solution Partner for clients across various countries. It provides services like application development, testing & quality control and solutions based on cloud, mobility and Internet of Things (IoT) along with Information Management (IM) and Business Intelligence (BI) solutions.
User Industries:-
The company provides domain specific services in the verticals of :-
a. Fintech - Pay Tech, Reg Tech, Credit Tech, Insure Tech.
b. Utilities and Telecommunication - SharePoint development, Advanced analytics to reduce customer churn, Oracle Support, Testing CoE.
c. Public Sector - Telehealth, EHR integration, Imaging analytics, etc.
d. Retail & Healthcare - Multi Store eCommerce Solutions, Customer Engagement Solutions, Order Inventory Management, Telehealth & Remote Patient Monitoring, IoMT, Medical Device Integration, Billing & Revenue Cycle Management, Interoperability & Integration etc.
e. Transportation & Logistics - 3PL, Carrier, Shipper, Port.
f. Other - Machine learning & facial recognition from IoT data feeds, Predictive Analytics & BI, People identity management.
Market Cap
₹ 3,085 Cr.
Current Price
₹ 291
High / Low
₹ 402 / 210
Stock P/E
32.1
Book Value
₹ 47.7
Dividend Yield
0.27 %
ROCE
27.7 %
ROE
21.1 %
Face Value
₹ 1.00
Industry PE
32.5
Debt
₹ 26.4 Cr.
EPS
₹ 9.07
Promoter holding
66.6 %
Intrinsic Value
₹ 175
Pledged percentage
0.00 %
EVEBITDA
20.3
Change in Prom Hold
0.00 %
Profit Var 5Yrs
21.4 %
Sales growth 5Years
16.3 %
Return over 5years
55.8 %
Debt to equity
0.05
Net profit
₹ 96.2 Cr.
ROE 5Yr
21.3 %
Profit growth
17.4 %
Technically and fundamentally stock is really good for short term to long term trading and investing purpose. I feel this is really good stock to keep in portfolio for long term investing type. I think SIP would be best option in it do get handsome returns in long term. There is higher probability we can get our final target in within next one year only. But if someone is holding for long term, then returns can be more than 1500% in next 5-7 years from here.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
VISAKAIND.. Don't miss this GEMBuy VISAKAIND for a short term timeframe.
Stock has shown a nice volume at support levels. It can give a decent 15% to 40% returns in a short term.
📈 Buy @ current levels
🎯 Target :- 140 / 160 / 170 / 200
📉 SL :- 99 (WCB)
Hope you all liked my analysis & will make some money 💰💲🤑👍
Jayshree Tea : 58% to 1284% upside potential#Jayshree Tea 13 Jun 2024
"Life is Simple, we make it complicated, So is Trading.
Discover Simple, Yet Powerful Ideas."
In Play : HH : HL
Summary
• CMP : 109.65
• Clean Price Action with Vol favor's BULLS FOOT PRINT with FALSE BREAKDOWN
• Nice consolidation for the past 36 months/3 years
• Trading right AROUNG VP mountain
Conclusion
• CMP 109.65
• Looks good for going NORTH
• Higher Levels could be around
o Short Term : 173/236
o Mid/Long Term : 480/796/1514
Wish You Happy & safe trading
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Avanti Feeds Ltd | Momentum pattern BOAvanti Feeds Ltd | Momentum pattern BO
Avanti Feeds is a leading provider of high quality shrimp feed, best technical support to the farmer and caters to the quality standards of global shrimp customers
Financial :strong
Market Cap = 7,554 Cr. ROCE =18.3 % ROE = 13.4 %
Debt to equity = 0.00 Promoter holding = 43.3 %
Quick ratio = 3.84 Current ratio = 5.52 Piotroski score =8.00
Profit Var 3Yrs = -7.62 % Sales growth 3Years = 7.32 % Return on assets = 11.4 %
this is pure symmetrical triangle pattern break out with large volume.
as well as RSI also shows in full momentum zone .
you should watch this stock for long term.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
Momentum Swing idea|Zensar Technologies LtdZensar Technologies Ltd
Zensar Technologies is a leading digital solutions and technology services company. It is a part of the Mumbai-based RPG group and is headquartered in Pune, India.
Fundamental : Strong
Market Cap ₹ 12,767 Cr. Current Price ₹ 564 Stock P/E 20.9
ROCE 14.5 % ROE 11.2 %
Debt to equity 0.07 Promoter holding 49.2 %
Quick ratio 2.95 Current ratio 2.95 Piotroski score 5.00
Profit Var 3Yrs 7.69 % Sales growth 3Years 5.05 %
Return on assets 7.95 %
this stock is available at 20 p/e as well as now in momentum with rsi above 55.
keep in radar.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
Momentum Infra Stock| KNR Constructions LtdKNR Constructions Ltd
KNR Constructions Ltd, incorporated in 1995, is engaged primarily in the construction of roads, bridges, flyovers and irrigation projects.
Financial:
Market Cap ₹ 7,783 Cr. Current Price ₹ 277 Stock P/E 14.1
ROCE 20.8 % ROE 15.5 %
Debt to equity 0.25 Promoter holding 51.1 %
Quick ratio 1.57 Current ratio 1.83
Piotroski score 9.00 Profit Var 3Yrs 14.8 % Sales growth 3Years 18.3 %
Return on assets
8.20 %
This stock is now in momentum zone with strong fundamental.
I selected bcz i invest in India so infra stock is more demanding in upcoming future.
keep in radar this stock.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely