BAJAJ FINSERV LTD - LARGECAP STOCK FOR LONG TERMCan Enter at 1515
if again falls then you need to average at 1210 level
Target - 2030,2400
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Largecap
RELIANCE IND - BLUE CHIP STOCK FOR LONG TERMCan Enter at 1260
Target - 1600,2000
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
ASIAN PAINT NSE By KRS ChartsDate: 11th July 2024
Time: 9:00 PM
Why ASIAN PAINT?
1. Stock is Extremely Bullish when it comes to overall view from the beginning. But from Sep 2021 , its range-bound between 2650 to 3550 Rs.
2. Here Range Bound movement creating Tringle Chart Pattern . Furthermore, that chart pattern's wave count ABCDE is finished with 2670 Rs low.
3. Also, Bullish Divergence in Monthly TF is clearly visible so when it comes to breakout, its likely to break upside resistance rather than downside support.
So, We can Long ASIAN PAINT with SL of 2670 Rs . for Medium to Long Term.
HINDUSTAN ZINC POSSIBLE ELLOIT WAVE COUNTSHINDUSTAN ZINC LTD after so many year of consolidation have shown huge volume and workout from 300 to almost 900 there after it come to retracement in range of 480 to 500.
Breakout with huge volume and future prospects and vision of company it may reach target's as shown in chart analysis.
ITC - Expecting a ATH Breakout soon! 50%+ gains loading...Price Analysis & Overview:
1. Prices are holding support, most likely the base formation is complete.
2. EMA support taken
3. It should break the trendline with strength to continue the momentum.
4. Minimum 50% upside move pending.
5. Worst case it might restest 367 breakout level.
6. A must-have defensive (FMCG sector) stock in core pf.
Monthly view:
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
TCS - The IT giant is ready to hit 5000!!Price Analysis & Overview:
1. Buyers are dominant.
2. Good trendline bo candle formation.
3. Overall sector is turning bullish.
4. Expecting it to outperform.
5. More volume strength will be better to push the prices faster.
6. Above the 4000 mark prices will show fast momentum...
Trade Plan:
1. RRR is superb.
2. Small Sl of 6-7%
3. Target = Expecting minimum 20%+++
4. Entry = CMP
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
INFY - Price Observation & overview1. Consolidating within the trendline, soon or later a strong breakout of the trendline and ATH will be expected. It gonna take its sweet time!
2. Whenever the IT sector stats moving we can expect IT stock to start outperforming, till then it is just accumulation for the long term.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
DMart-Is the breakout for ATH done?Dmart has been consolidating in an ascending triangle pattern since it had tested its strong demand zone of 3200-3300.
Stock managed to give a weekly closing above the resistance of 4200.
It is a high risk, high growth stock, so trade accordingly. Valuation at current price is not good for investing.
Stock can touch ATH if we see a bullish market again.
HUL - A snail!Price analysis & overview:
1. Moves are very choppy.
2. Until it breaks ATH, there is nothing to do with this stock.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Dr Reddy-A large cap investment multibagger!Dr Reddy has given a huge weekly breakout from Inverted head and shoulders pattern.
This stock is a blind buy for investment considering the pharma rally expected for next few years. Add on dips is the best way to accumulate such investment stock.
The company has one of the best fundamentals as of date. Stock is available at PE of 20 and PEG of 0.52. the return ratios are above 20%.
This stock has to be part of your portfolio if you prefer investing in large cap stocks.
I had seen such pattern in Tata motors when the stock was trading around 440 few months back and now stock has almost doubled from that price.
We can expect similar move in this stock but at a slower rate.
Investment_ UPLNamaste!
UPL is a very good pick for investing, from Nifty 50 stocks.
Why?
1. It has an average EPS of Rs 29.50 since the last 6 years.
2. It is from the agriculture chemical sector, which is a good sector to invest in. The sectors I don't recommend are Aviation, Telecom, Etc.
3. It's IV is Rs 1390, if 29.50 EPS and 6.1% (India 10-Year Bond Yield) is considered. Currently the bond yield is 7.4%.
4. It has corrected enough, hence it becomes more lucrative to me and other value investors. If you have any questions, please feel free to ask me.
The buy price should be at high of Rs 672. I will be trailing entry prices (if not executed) in the comment section.
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment does not guarantee a fixed return due to volatile nature of markets. Please do your analysis and/or consult your financial advisor before investing.
PIDILITE looks good for long term investment.Pidilite, a consistently expanding stock, underwent a corrective phase over the past two years. However, there are compelling signs suggesting that this correction is now reaching its conclusion. The current market conditions present an opportune moment to consider acquiring Pidilite, as it appears to be poised for potential growth following the recent correction.
Investment_ Yes BankNamaste!
Yes Bank has been a favourite stock for retail public. Due to it's penny price, it attracts a lot of retail attention.
I think it is a good time to invest in Yes Bank because of following reasons.
1. According to me, any retail person will think of Yes Bank and Idea, if he has given a choice to buy some large-cap stocks. Generally, businesses like telecom, aviation, manufacturing, automobile, etc hasn't been a good wealth creators , just look at the history.
Whereas, pharma, banks and financial institutions, services (IT) and technology, etc has been very good wealth creators. So Idea being a telecom company, it is to be avoided for now. So we have only one choice left, that is Yes Bank.
2. Yes Bank suffered a huge huge downfall in the stock prices, when a fraud of around Rs 5000 crores has been reported. The promoters provided loans to the businesses, which had weak fundamentals and without determining repayment risks.
3. RBI doesn't want people to doubt on banking system , so it ordered (SBIN and LICI on behalf of the government) and others (HDFC, ICICI) etc to save the Yes Bank. Now SBIN is the largest shareholder with 30% holding in Yes Bank.
4. Banks has been a good wealth creators, thanks to booming economy and financial system of India. So, I thoroughly think that Yes Bank stock prices will rebound.
5. The worst case scenario would be, Yes Bank to be acquired by some other private bank. I don't think it will be acquired by SBIN or any other govt owned companies, because the government is already selling its stakes in public sector undertakings.
Just look at the worst case scenario at Satyam Computers. It had been acquired by Mahindra, at a penny price after reporting "window-dressing" of financial statements. Now, it's shareholders would have got Tech Mahindra shares and it is among the good wealth creators.
Conclusion: Investment at current prices is fine. Yes Bank might be a good pick for a portfolio, along with other strong companies to maximize overall returns. Some ventures capitals generally invest in around 10 risky start-ups, 8 of them fail but 2 of them multiply the capital 20 fold, they still make good money in the end. Yes Bank has a very high reward potential due to it's current price. Making money via investing requires patience, strong self discipline, risk appetite, etc, so invest wisely.
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment does not guarantee a fixed return due to volatile nature of markets and may result in a loss. Please do your analysis and/or consult your financial advisor before investing.
Investment_ Muthoot FinanceNamaste!
Muthoot Finance is one of my favourite stocks in the finance sector. The formulae I use to calculate intrinsic value suggests this stock, whereas it somewhat fails in the valuation of Bajaj Finance, SBI Cards, etc.
It is trading at a PE (Price to earnings ratio) of 11.62, whereas Bajaj Finance is 51.29 and SBI Cards is 45.53.
In most cases, the lower PE is better. The intrinsic value stands around Rs 3000, assuming growth to be 17.2% YoY and 6.1% Indian treasury yields.
The reasons to buy this stock:-
1. Low PE and intrinsic value.
2. 1.75% Dividend Yields.
3. >20% correction in stock price.
Q: What price should I buy?
A: The current price of Rs 1144 is a good price.
Please do not invest more than 10% of your capital. I suggest many stocks, but it is your responsibility to choose your favourite ones.
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment does not guarantee a fixed return due to volatile nature of markets and may result in a loss. Please do your analysis and/or consult your financial advisor before investing.
Don't miss out on RelianceNSE:RELIANCE
I believe there is a very high chance that Reliance will break this trendline this time.
Reliance has been following this trend line Since JAN 2021 and till then it has been tested 2 times
April 2021
Sep 2022
and this is the third time
Jan 2023
Demand on trendline has been reduced significantly.
So the Break of the trendline can happen and bears Can take full control.
and and the price is trading below POC too.
It's just for educational purpose, and not intended to trade until the Breakdown happens.