Today's stock for analysis is DCXINDIA.
This stock was recently listed nearly 50% premium over the IPO issue price of 207. Since its listing, the stock is in continuous downtrend as seen on chart.
However, from past few days, we can see a retracement coming from levels of 150 in the stock. RSI positive divergence is also visible.
175-178 is a strong supply zone...
Namaste!
Bikaji Foods and Haldiram's control 50% of the organized namkeen market in India. The people, mostly retail would have thought this would be a blockbuster IPO considering whopping 80.63 times by QIBs (Qualified Institutional Buyers). Generally this kind of oversubscription leads to very good listing gains, but this time it didn't happened.
The reasons...
Stock is trading below ipo price
It has produced good results
Expect for good upward movement
All levels mentioned in chart
Trade according to levels
Latent View Analytics reports Q2 earnings.
▶️Net profit up 71.7% at Rs 37.2 cr Vs Rs 21.7 cr (YoY)
▶️Revenue up 39.7% at Rs 132.4 cr Vs Rs 95.8 cr (YoY)
▶️EBITDA up 40.5% at Rs 37.2 cr Vs Rs 26.5 cr...
Syrma SGS Technology gave a decent listing gain of 27-30% and thereafter went as high as 324 giving 78% returns.
This gem has corrected to 270 zones once from where it gained 38% and currently it is back at the demand zones of 270.
A Fundamentally good stock is available at nearly 50-60% less than its ATH. Can surely be accumulated for long and medium term.
I analyzed GLS on yesterday and today it had given breakout of the previous range by blasting nearly 8%. More strength above 450. Still trend hasn't changed but more chances of bullishness, falling wedge pattern forming in weekly tf.
This stock has made double bottom in Daily time frame and has reversed the trend.
The stock is trading with good volumes so liquidity wont be an issue.
the stock is new to market as this was listed recently through IPO window and has created a great returns through listing gains.
profit booking in the stocks by big players led the stock to decline. now it is...
Aptus Finance -
Time frame - 1 hr
Study -
1. Unable to cross 363 resistance level
2. took a strong support near 300
3. closed at 328
4. 10 times volume increase on Friday from support zone
This chart is for only educational purpose
No trade is recommended
This breakout is similar to NSE:DEVYANI .
In Devyani Int. Ltd. pattern is similar but having more data.
.What did happen to Devyani Int. ltd.?
Devyani moved to "All time high resistance'' & hold the upper level then breakout with engulf candle.
So, high probability is that it may behave the same.
13% away from all time high (we should capture this move)
Only...
Paytm has been consolidating in a range for the last four months. The sentiment is still bearish as the price continues to trend higher in a channel forming an interesting classical cup handle price pattern. A failed breakout failing is an excellent opportunity to enter.
Target 800 Stop 698 Enter 715
Kalyan Jewelers is been in a correction since IPO, a decent consolidation and breakout is visible with volumes and momentum now, Lets see that it can be an outperformer from here..
Hello !!
Welcome to the quick update of LIC INDIA share, one of the biggest IPO that was listed today morning.
Even after a lot of hype and huge market share, LIC IPO was not given much importance by the investors. The IPO was listed at a discount of around 9% at Rs 872. The retail investors got the gains as the IPO was provided at a discount to them. However,...
