Investment
Sigachi - Double Bullish PatternStock has given a flag breakout at 55
Pole Height : 20 points
Sigachi is also creating a rounding bottom breakout above 62 which is its listing price.
Looks a strong candidate to double from here.
Short term trade.
ITC | Swing Trade📊 DETAILS
Sector: Diversified
Mkt Cap: 570,260 cr
Established in 1910, ITC is the largest cigarette manufacturer and seller in the country. ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri Business.
TTM PE : 28.25 (High PE)
Sector PE : 30.10
Beta : 0.63
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
8.53% away from 52 week high
Underperformer - ITC up by 4.41% v/s NIFTY 50 up by 9.4% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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SJS Enterprise, 30% High ConvictionSJS Enterprise is poised for a 30% increase from its solid support level. With its impressive margins in the auto ancillary sector, I'm confident for both short and long term.
🚨 DYOR
🚨 SL must it depends on your risk appetite
GLS | Swing Trade📊 DETAILS
Sector: Pharmaceuticals & Drugs
Mkt Cap: 8,022 cr
Glenmark Life Sciences, a subsidiary of Glenmark Pharmaceuticals Ltd, is one of the leading developers and manufacturers of select high-value Active Pharmaceutical Ingredients. The company further operates in Contract Development and manufacturing operations to offer services to specialty Pharmaceutical companies.
TTM PE : 15.87 (High PE)
Sector PE : 48.06
Beta : 0.55
📚 INSIGHTS
MC Insights PRO
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
3.00% away from 52 week high
Underperformer - Glenmark Life Sciences up by 3.14% v/s NIFTY 50 up by 8.32% in last 1 month
📈 FINANCIALS
Piotroski Score of 6/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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KPITTECH | Swing Trade📊 DETAILS
Sector: IT Services & Consulting
Mkt Cap: 42,023 cr
KPIT is a global technology company with software solutions that will help mobility leapfrog towards autonomous, clean, smart and connected future. With 10000+ Automobelievers across the globe, specializing in embedded software, AI & Digital solutions, KPIT enables customers accelerate implementation of next generation mobility technologies . With development centers in Europe, USA, Japan, China, Thailand and India
TTM PE : 86.31 (High PE)
Sector PE : 34.57
Beta : 0.72
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
6.53% away from 52 week high
Outperformer - KPIT Technologies up by 3.67% v/s NIFTY 50 up by 3.1% in last 1 month
📈 FINANCIALS
Piotroski Score of 6/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Oricon Enterprise, Perfect SetupOricon Enterprise is at a solid support level, consider holding for the medium term.
🚨DYOR
🚨SL must, it depend's on your risk appetite
Falling Knife Stock-A case study approach!Introduction:-
We have seen an amazing bull run in global markets including our Indian markets in the past 3 years. Many investors have been able to gain multibagger returns from this bull run.
However, we all must understand that like every coin has 2 sides, every bull run has few stocks which are either under performing(like our beloved HDFC Bank) or are part of falling knife category.
A falling knife is a term used when a security, such as a stock, quickly drops in price. During such instances, investors are recommended to wait for the security to reach its lowest point before buying back in. (Source: CFI)
The reason for falling knife could be change of fundamentals, weak results, future degrowth prediction or anything beyond our understanding.
And it is important to identify such stocks . Investors try to enter such stocks thinking they have caught the bottom just to keep funds locked in the stock for longer times. Hence,it is beneficial to stay away from them until a reversal pattern is seen with good volumes in weekly time frame.
Case study:-
Let's discuss one such stock from the footwear category, Campus Activewear.
Company is one of India’s largest sports and athleisure footwear brands in terms of value and volume. Good return ratios(ROE,ROCE) above 20%, high sales growth of 32% in last 3 years,slightly expensive valuation but hardly anything so wrong in fundamentals from my understanding.
Being a techno fundamental investor, I look at lot of things from fundamental as well as technical perspective before entering.
So, from a technical view, just have a look at stock's chart. In late 2022, stock was around 620 levels and now stock is trading near 270 levels which is more than 50% of wealth destroyed. A proper example of Falling Knife whose bottom is still not made. There must be some unlucky investor who is holding the stock from the tops expecting a reversal but what he has missed is the amazing bull run of Nifty from 18800 to 22000 in this last 10 months. And that is a huge miss.
Learnings:-
#1:-If you are an investor with have limited capital, it is better to have a Stoploss even for your investment stocks in a bull run.
Remember, Even Warren Buffet owned Berkshire Hathway booked loss in Paytm
#2:-If you are an investor with good amount of free capital, just forget! Don't have FOMO. Cash equity securities are beautiful and unpredictable. We might see this stock above 1000rs levels or below 100rs in the next 5 years.
Remember, even The best of best investors owned few stocks which failed miserably.
#3:- For an investor trying now to hunt a bottoming/reversal opportunity,do wait for stock to sustain a weekly closing above 320 which is a strong resistance.
Remember, not even promoters can catch exact tops and bottoms, so you also should not try to!
Conclusion:
I would say that if you trust your analysis and company's fundamentals, you should not listen to outside crowd. However, A falling knife can act as a dagger in your portfolio .
A smart investor is one understands what company's business is as well as what the stock's chart is trying to say.
HFCL | Multiyear Breakout📊 DETAILS
Sector: Telecommunication - Equipment
Mkt Cap: 11,823 cr
HFCL Ltd (Himachal Futuristic Communications Limited) is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high end telecom equipment, Optical Fiber and Optic Fiber Cable (OFC).
TTM PE : 38.67 (High PE)
Sector PE : 53.06
Beta : 1.35
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
5.32% away from 52 week high
Outperformer - HFCL up by 24.06% v/s NIFTY 50 up by 9.5% in last 1 month
📈 FINANCIALS
Piotroski Score of 6/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not 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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IDFCFIRSTB | Multiyear Breakout📊 DETAILS
Sector: Bank - Private
Mkt Cap: 61,975 cr
IDFC First Bank is engaged in the business of Banking Services. IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018.
TTM PE : 21.29 (Average PE)
Sector PE : 24.27
Beta : 1.07
📚 INSIGHTS
MC Insights PRO
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
12.91% away from 52 week high
Underperformer - IDFC First Bank up by 0.4% v/s NIFTY 50 up by 1.99% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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EQUITASBNK | Swing Trade📊 DETAILS
Sector: Bank - Private
Mkt Cap: 12,474 cr
Equitas Small Finance Bank Ltd before acquiring small bank license, operated as a wholly-owned subsidiary of Equitas Holding Ltd. The holding entity started its operations in 2007 in the microfinance segment & diversified into vehicle & housing finance in 2011. Also entered into SME & LAP in 2013. It merged with the other two subsidiaries named Equitas Microfinance Ltd & Equitas Housing Finance Ltd & formed a bank. After receiving a license in Sept 2016 the company commenced operations under Equitas small finance Bank.
TTM PE : 16.65 (Average PE)
Sector PE : 25.89
Beta : 0.59
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
3.16% away from 52 week high
Outperformer - Equitas Small Finance Bank up by 15.87% v/s NIFTY 50 up by 6.9% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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BSOFT BULLISH Bsoft has potential for upward movement in near future (12 months period). Still entry is yet to come, but my view is bullish.
Only for educational purpose. Learn!!!!
Thermax, 20% from hereThermax is at a strong support level, and a positive sign appeared in the weekly chart closed with hammer pattern candle. Plan to keep it for 1-2 months. 📈
SESHAPAPER | Swing Trade📊 DETAILS
Sector: Paper & Forest Products
Mkt Cap: 2,302 cr
Seshasayee Paper & Boards is engaged in the business of manufacture and sale of printing and writing paper.
TTM PE : 6.15 (Average PE)
Sector PE : 7.07
Beta : 1.05
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
13.44% away from 52 week high
Outperformer - Seshasayee Paper and Boards up by 3.68% v/s NIFTY 50 up by 3.1% in last 1 month
📈 FINANCIALS
Piotroski Score of 8/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not 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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TECHM | Swing Trade📊 DETAILS
Sector: IT Services & Consulting
Mkt Cap: 129,441 cr
Tech Mahindra Ltd provides comprehensive range of IT services, including IT enabled service, application development and maintenance, consulting and enterprise business solutions, etc. to a diversified base of corporate customers in a wide range of industries.
TTM PE : 35.97 (High PE)
Sector PE : 36.64
Beta : 1.08
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
5.33% away from 52 week high
Outperformer - Tech Mahindra up by 1.58% v/s NIFTY 50 up by 0.77% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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LEMONTREE | Swing Trade📊 DETAILS
Sector: Hotel, Resort & Restaurants
Mkt Cap: 9,883 cr
Lemon Tree Hotels Ltd is largest mid-priced and the third largest overall hotel chain in India. It operate in the upscale segment and in the mid-priced sector, consisting of the upper-midscale, midscale and economy segments. It delivers differentiated yet superior service offerings, with a value-for-money proposition.
TTM PE : 76.16 (Average PE)
Sector PE : 56.37
Beta : 0.81
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
6.39% away from 52 week high
Underperformer - Lemon Tree Hotels up by 5% v/s NIFTY 50 up by 7.27% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Tech Mahindra price movement analysis on weekly timeframeTech Mahindra is making a really interesting and clear price action.
1. 2022 to mid 2022 - Lower high lower lows
2. mid 2022 to mid 2023 - yearlong box consolidation
3. Fakeout in July 2023
4. Real breakout in August 2023
5. Retest in November 2023
6. presently in higher high and higher low.
If you are interested in investing(long term) in IT sector, this stock should be the one in your portfolio, Invest in parts as the price consolidates and retraces.
Swing traders should ride this stock by using 20-50 EMAs
Investors or positional traders use 50-100-200 EMAs.
Stop loss @ 1200/-
TEXINFRA | Multiyear Breakout📊 DETAILS
Sector: Diversified
Mkt Cap: 1,478 cr
Company is in business of supplying power from 3 MW Hydel Power Project located on the river Neora, District Darjeeling, West Bengal and certain job works.
TTM PE : 552.62 (High PE)
Sector PE : 54.23
Beta : 1.04
📚 INSIGHTS
Stock not eligible for rating
Stock not eligible for rating
5.23% away from 52 week high
Outperformer - Texmaco Infrastructure & Holdings up by 12.45% v/s NIFTY 50 up by 1.99% in last 1 month
📈 FINANCIALS
Piotroski Score of 6/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not 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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INDOCO | Positional Trade📊 DETAILS
Sector: Pharmaceuticals & Drugs
Mkt Cap: 3,746 cr
Indoco Remedies (Indoco) is a Mumbai-based pharmaceutical company that focuses on formulations with a presence in contract manufacturing and research. The Company is engaged in the manufacturing and marketing of pharmaceutical Formulations (Finished Dosage Forms) and Active Pharmaceutical Ingredients (APIs).
TTM PE : 33.03 (Average PE)
Sector PE : 51.38
Beta : 0.64
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
2.04% away from 52 week high
Outperformer - Indoco Remedies up by 7.17% v/s NIFTY 50 up by 1.99% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not 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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IFCI | Investment Pick📊 DETAILS
Sector: Finance Term Lending
Mkt Cap: 7,269 cr
IFCI, previously known as Industrial Finance Corporation of India, is an Indian Government owned non banking finance company established to cater to the long-term finance needs of the industrial sector.
TTM PE : -- (Low PE)
Sector PE : 13.46
Beta : 1.56
📚 INSIGHTS
Momentum Trap
Strong price momentum & technical indicators may tempt investors to buy this stock. Be selective, not all stocks with strong momentum have strong financials & balance sheet.
4.85% away from 52 week high
Outperformer - IFCI up by 17.6% v/s NIFTY 50 up by 7.66% in last 1 month
📈 FINANCIALS
Piotroski Score of 3/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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NHPC | Multiyear Breakout📊 Details
NHPC, a Mini Ratna category I public sector utility, is Government of India’s flagship hydroelectric generation company. The company is primarily involved in the generation and sale of bulk power to various Power Utilities. Its other business includes providing project management / construction contracts/ consultancy assignment services and trading of power.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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FINCABLES | Swing Trade📊 DETAILS
Sector: Cables
Mkt Cap: 16,695 cr
Finolex Cables Limited is a leading manufacturer of electrical and telecommunication cables in India. Operating for more than 50 years, Finolex has been able to maintain its leadership position as one of the most diversified wires and cables companies in the country.
TTM PE : 25.93 (High PE)
Sector PE : 28.63
Beta : 1.00
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
10.45% away from 52 week high
Outperformer - Finolex Cables up by 2.23% v/s NIFTY 50 up by 1.99% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not 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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GODREJIND | Multiyear Breakout📊 DETAILS
Sector: Diversified Chemicals
Mkt Cap: 22,930 cr
Godrej Industries is one of the holding companies of Godrej Group. It is one of the leading manufacturers of oleochemicals on a standalone basis.
TTM PE : 26.05 (Average PE)
Sector PE : 62.36
Beta : 0.78
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
6.68% away from 52 week high
Underperformer - Godrej Industries up by 2.13% v/s NIFTY 50 up by 8.41% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not 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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