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Buy Confipet Trade Opportunity: Confipet CMP 110 Target Price: 200 Stop Loss: 95 This trade opportunity involves buying shares of Confipet at the current market price of 110, with a target price set at 200 and a stop loss at 95. This strategy aims to capitalize on potential upward movement in Confipet's stock price while mitigating downside risk. By setting a clear target and stop loss, investors can manage their risk effectively while pursuing potential gains in the stock market."
NSE:CONFIPETLong
by aman10apr
Investment pick- Union BankUnion bank is one of the top 5 largest PSU banks of India. We have seen an amazing rally in PSU banks in the last couple of years on the basis of improved profitability and asset quality. Technically, Union bank has a big scope of uptrend possible as the stock has recently broken the resistance of 100. Positional traders can look for targets of 140, 175+ in next 6-12 months. Stock offers a good dividend yield over 2%. Good stock from investment point of view.Idea shared for educational purposes.
NSE:UNIONBANKLong
by chartistamey
3MINDIA | Investment Pick📊 DETAILS Sector: Diversified Mkt Cap: 35,425 cr 3M India is a subsidiary of 3M Company, USA. The Company manages its operations in four operating segments: Safety & Industrial , Transportation & Electronics, Health Care and Consumer. In India, the Company has manufacturing facilities at Ahmedabad, Bangalore, Pune and has a R&D Center in Bangalore.(Source : 202003 Annual Report Page No:137) TTM PE : 66.11 (Low PE) Sector PE : 52.33 Beta : 0.22 📚 INSIGHTS MC Insights PRO Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 5.42% away from 52 week high Underperformer - 3M India up by 3.7% v/s NIFTY 50 up by 8.32% 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. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:3MINDIALong
by Munish_Jain
BHARAT FORGE: CUP&HANDLETrading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 930 and keeping a stop loss of 840 , look for the target of 1000/1100in the coming weeks and months. Buy: CMP Stop loss : 840 Targets: Tgt 1: 1000 Tgt 2: 1100 Theory: The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential. Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case. Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory. Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup. Volume: There should be a substantial increase in volume on the breakout above the handle's resistance. Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
NSE:BHARATFORGLong
by TradingSutra
BEML: CUP&HANDLETrading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 2015 and keeping a stop loss of 1675 , look for the target of 2900-3000 in the coming weeks and months. Buy: CMP Stop loss : 1675 Targets: Tgt 1: 2900-3000 Theory: The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential. Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case. Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory. Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup. Volume: There should be a substantial increase in volume on the breakout above the handle's resistance. Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
NSE:BEMLLong
by TradingSutra
2
Investment Opportunity after a healthy correctionI have been tracking Nifty since months, to exploit investment opportunity. It is always better to invest (in the market) after a correction. You get competitive prices which results in potentially more upside (returns). The indicator ploted here is Bollinger bands in weekly time frame. You may see that every time Nifty hit lower Bollinger bands, eventually it bounced back up. So, there is a high probability that "history will repeat itself". So, if you were waiting for right time to invest in, this is the time (only when Nifty touches lower Bollinger bands). Pickup the fundamentally strong companies (at least 10 companies) and invest "equal amount" in each of them. Or you can consider buying any Nifty 50 ETF (if you are very conservative/not an experienced). It may also happen that the Nifty will correct (19% from the highs, somewhat around 15090). So, please be ready for this. Remember, the market will "not jump as soon as you buy a stock". It may "fall even more" and/or consolidate for some weeks/months. It "does not mean sell". STAY INVESTED. Disclaimer: I am not a SEBI certified investment advisor. The facts and suggestion given in the above article is based on my understanding and experience in the markets. Please consult your financial advisor before investing.
NSE:NIFTYLong
by UnknownUnicorn7637383
Investment_ PAYTMNamaste! As you can see in the following chart, the stock has been in a strong downtrend in weekly chart. You can witness that it didn't break the highs of any weekly candles except the one. There is always a resistance at the highs of red candles. But, if the resistance get's hit many time, it become weak and there is a good probability of price moving higher. So, I would say, if you were waiting for investment opportunity (in PAYTM), this is the right time to buy if it crosses Rs 596 price . You can consider buying half the investment amount (ideally 5% of your investment capital), and next half at another red candle's high break (means another red candle(W) being created after the entry then break of highs). Disclaimer: I am not a SEBI certified investment advisor. The facts and suggestion given in the above article is based on my understanding and experience in the markets. Please consult your financial advisor before investing.
NSE:PAYTMLong
by UnknownUnicorn7637383
1
Investment_ ZomatoNamaste! For the people who has conviction in Zomato's future, this is the best time to buy shares (based on my analysis). You can consider investing 5% of your capital only. Never ever sell your investments at a loss. Zomato can be considered as a "beaten dog". One of the reason it has fallen so much, is due to sell-off in US Tech companies (Netflix, FB, Etc). Buying after a correction is always a best choice because it has more reward potential. And you are not putting all the eggs in one basket. So, eventually, your diversified basket would beat the market (Nifty returns) over a period of time. Buying price: If it moves above Rs 60.50 or any next weekly red candle created and closed, buying at high of such candle. Disclaimer: I am not a SEBI certified investment advisor. The facts and suggestion given in the above article is based on my understanding and experience in the markets. Please consult your financial advisor before investing.
NSE:ZOMATOLong
by UnknownUnicorn7637383
3
MOTILAL OSWAL FIN SERVICES LTD«🫴 MOTILAL OSWAL FIN SERVICES LTD 🤏» 👀 Stock with decent fundamentals trading at a very low PE of 9 is looking good for medium to long term holdings , only problem with the stock is the increasing debts and slowdown in growth of profits 👀 Stock has formed a higher low in bigger time frames like monthly and above , showing buyers coming in the stock , stock is trading above its demand zone and can move towards 1200/1500 levels in coming days , CMP 880 , SL can be taken of 8-10% 👀 : Take strict SL as its a risky stock with changing fundamentals , happy to risk 10% for a reward of 30% , happy to go wrong but no point holding if view goes wrong🙏🙏
NSE:MOTILALOFSLong
by sniper1290
Investment Pick for long term Sirca Paint || Next Asian PaintsSirca paints result has come very very attractive as usual. Chart also looking very attractive. We have seen multiple supports in the range of 275-305, and the recently price again has taken support in this range only and made a W kind of a pattern, both bottoms i have marked on chart. Price and action suggest a huge move in coming days. Might be tomorrow only we can see some huge upside more than 2%. Well Management is good, company is zero debt, Price is also attractive just price to earning ratio shows some expensive valuation but in this industry i have seen always a expensive valuation but still all stocks of this industry always making higher highs, means always making new highs. So trading point of view i have marked everything on chart. But this stock has potential to become like asian paints in future. So this could be a best investment pick for long term. If anyone wants to go long can go with given levels. Always follow stop loss. Market Cap ₹ 1,736 Cr. Current Price ₹ 317 High / Low ₹ 400 / 202 Stock P/E 37.6 Book Value ₹ 48.4 Dividend Yield 0.32 % ROCE 25.3 % ROE 18.8 % Face Value ₹ 10.0 Debt ₹ 0.00 Cr. EPS ₹ 8.41 PEG Ratio 1.99 Promoter holding 67.6 % Intrinsic Value ₹ 216 Pledged percentage 0.00 % EVEBITDA 25.3 PROS Company is almost debt free. Company is expected to give good quarter Company has delivered good profit growth of 18.9% CAGR over last 5 years Company has been maintaining a healthy dividend payout of 17.8% Debtor days have improved from 88.9 to 70.0 days. CONS Company has a low return on equity of 13.9% over last 3 years. If anyone likes my work then please hit like and follow for more updates like this on investment and trading. Comment your thoughts on this idea. Thankyou. Disclaimer:- Please always consult with your financial advisor before initiating any trade.
NSE:SIRCALong
by TraderRahulPal