Get started

IPO

Base formation is seen in Ideaforge.Reversal trade for educational purposes Ideaforge has been in a downtrend since its listing. However, stock has formed a short term base. 780-840 is a good accumulation zone. Breakout above 840 might be a sign for reversal. RSI positive divergence is clearlyseen in the stock Targets can 960, 1000, 1050+ with SL below 780 DCB. However, there is no guarantee regarding long term reversal hence traders should trail their SL to reduce loss.
NSE:IDEAFORGELong
by chartistamey
Latent view can be a potent multibagger!Latent view was one of the highest rated stock during its IPO listing which had got 300x subscription. The overhyped IPO market of 2021 has trapped many investors in multiple stocks including Latent view. However, we can see some positive bounce in the stock from the demand zone of 310-320 after a major consolidation near the same. A short term trendline breakout is also visible. The stock can be added on dips at 355, 344 with a SL of below 310 WCB for minimum target of 430. My observation of the stock is that The consolidation structure is similar to Happiest minds which has given multibagger returns after consolidation breakout. Can we see the same in this stock? only time can tell! Idea is shared for educational purposes only and should not be considered as a recommendation.
NSE:LATENTVIEWLong
by chartistamey
DCX systems showing early signs of retracement.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 above which the stock can move quickly towards 193-195 levels which is its 38.2% retracement of downtrend. Study the chart and kindly trade as per your own analysis.
NSE:DCXINDIALong
by chartistamey
Q&A_ Why Bikaji foods IPO was a flop?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 according to me are following:- 1. It doesn't have a value at this price: Sure, it is (along with Haldiram's) are market leaders in "organised" market, but what about unorganised market? These include the local samosewala, chai ki tapri, Gujrati and Rajasthani folks, etc selling namkeen and related products. It's face value is Rs 1. It looks like they had split shares 1:10 before the IPO. 2. It's EPS has fallen aggressively due to split: It's EPS (Earning Per Share) is Rs 3.2. If you put this value to Sir Benjamin Graham's formulae, you would get IV (Intrinsic Value) as Rs 112 if YoY growth is expected as 20% and 10 year yields as 6.1%. The IPO price was Rs 300, I don't have to explain further. *Fun-fact*: There are different methods to value a company, I prefer Sir Ben Graham's formulae because it seems very logical to me. Their method will not apply for loss making companies. Such companies have to be evaluated based on Comparative company analysis, Sales increase/growth analysis, discounted cash flow analysis, etc. 3. What should retail people do? A: Gather knowledge. Learn to value a company or IPO. Give some time to understand it. The more you learn, the more you earn (ofourse sometimes by investing in IPOs :) Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Please do your own analysis and/or consult your financial advisor before investing and/or trading.
NSE:BIKAJILong
by UnknownUnicorn7637383
1
TEGA Industries B/O and reversal from bottomThis 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 slowly gaining the momentum. Place strict stop loss according to your risk appetite and holding period. do not allocate major chunk of the capital to any stocks, diversify your investments across various sectors and caps. This is not a recommendation. this is my view for the stock I and urge you all to do your own research and analysis before investing. Note. Nifty has been in a bull rally since few weeks now and a small correction can be seen in coming days. A red candle bigger than previous one day / two days candle is the sign to sell and to save the capital. (applies to all short term positions of the trade) once the capital is saved we can take another trade at any time. Cutting the losses is the key. I have attached below the links for related ideas, please have a look and share your opinions on that in the comment box below. Thank you see you soon with another idea.
NSE:TEGALong
by harshith67