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Eraaya Lifespaces Ltd.Stock: Eraaya Lifespaces Ltd. CMP: ₹141.80 (-₹7.35 | -4.93%) Key Highlights: Financials: The company showcases strong financial health, indicating stable growth and profitability. FII Activity: Foreign Institutional Investors (FIIs) have recently increased their stake, reflecting confidence in the company's potential. Price Movement: The stock is currently down by 55.25% from its 52-week high, indicating a significant correction that may present an opportunity for investors. Technical Observations: A significant fall from its peak has brought the price closer to potential support zones. Chart patterns and indicators will need further analysis for confirmation of any reversal or continuation trend. Disclaimer: This study is for my personal reference only and should not be considered financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
NSE:MEDPLUSLong
by ImranulHaqueNoor
MOS Utility: VCP Pattern Near Breakout & Strong FII Accumulation"MOS Utility: VCP Pattern Near Breakout with Strong FII Accumulation 🚀" Stock: MOS Utility Ltd. Analysis: The stock is displaying a near-perfect VCP (Volatility Contraction Pattern) on the charts, signaling a potential breakout. With strong financial growth and heavy accumulation by FIIs, MOS Utility looks primed for an excellent upward move. RSI also indicates bullish momentum. Key Highlights: Technical Setup: VCP formation with tightening price action. RSI is strong and bullish, supporting a breakout move. CMP: ₹287.50. Financial Performance: Annual Revenue (Mar 2024): ₹181 Cr (+64.8% YoY). Annual Net Profit (Mar 2024): ₹10 Cr (+84.5% YoY). Shareholding Changes: Promoters and Retailers have reduced holdings. FIIs: Increased holdings significantly from 1% to 19.1% in the recent period. Trade Plan: CMP: ₹287.50. Breakout Trigger: Watch for a breakout above key resistance. Targets: Short-term target of ₹320, with further potential upside towards 365 Stop Loss: ₹260 (below recent support). Disclaimer: This analysis is for educational purposes only and is not financial advice. Please perform your own research or consult a financial advisor before making investment decisions.
NSE:MOSLong
by ImranulHaqueNoor
Action Construction Equipment: Inverted Head & Shoulders Breakou"Action Construction Equipment: Inverted Head & Shoulders Breakout with Strong Institutional Support" Stock: Action Construction Equipment Ltd. (ACE) Analysis: The stock is showing a bullish Inverted Head and Shoulders pattern on the charts, accompanied by strong volume activity, indicating a potential breakout. With robust financial performance and growing institutional confidence, the stock appears poised for a strong upward move. Key Highlights: Technical Setup: Inverted Head & Shoulders pattern formation with volume confirmation. CMP: ₹1,408. Institutional Activity: FII/FPI Holdings: Increased from 10.13% to 10.48% in Sep 2024 quarter. FII/FPI Investors: Rose from 159 to 162 in Sep 2024 quarter. Institutional Investors: Increased holdings from 11.93% to 12.10% in Sep 2024 quarter. Financial Performance: Quarterly Revenue: ₹788 Cr (14.4% YoY growth for Sep 2024 quarter). Strong financials supporting the stock's growth prospects. Analyst Target: ₹1,582. Trade Plan: CMP: ₹1,408. Target: ₹1,582. Stop Loss: ₹1,340 (below neckline support of the pattern). Disclaimer: This analysis is for educational purposes only and is not financial advice. Please perform your own research or consult a financial advisor before making investment decisions.
NSE:ACELong
by ImranulHaqueNoor
Venkys: Double Bottom Breakout Potential with Rising Institution"Venkys: Double Bottom Breakout Potential with Rising Institutional Confidence" Stock: Venkys India Ltd. Analysis: Venkys appears to be reversing its downtrend and is on the verge of a double bottom breakout, signaling a potential uptrend in the near term. Despite recent weak financial results leading to a sharp correction, growing institutional interest and evolving market opportunities make this stock worth watching. Key Highlights: Technical Setup: Double Bottom Breakout: The stock is nearing a critical breakout level, supported by increased volumes. CMP: ₹1,848. Institutional Activity: FII/FPI Holdings: Increased from 1.40% to 1.88% in Sep 2024 quarter. FII/FPI Investors: Rose from 48 to 59 in Sep 2024 quarter. Mutual Funds: Increased holdings from 0.06% to 0.08%. Total Institutional Holdings: Grew from 1.61% to 2.11%. Opportunities: Rising consumer awareness about health and nutrition is driving demand for protein-rich diets, including poultry products. Export potential in emerging markets and countries with low domestic poultry production. Threats: Intense competition from domestic and global players. Vulnerability to avian diseases such as bird flu, which can impact operations and consumer confidence. Trade Plan: CMP: ₹1,848. Targets: Near-term: ₹2,138. Extended: ₹2,436. Stop Loss: ₹1,650 for swing trades. Disclaimer: This analysis is for educational purposes only and is not financial advice. Please perform your own research or consult a financial advisor before making investment decisions.
NSE:VENKEYS
by ImranulHaqueNoor
"Vodafone Idea: Potential Turnaround or Risky Swing Opportunity? "Vodafone Idea: Potential Turnaround or Risky Swing Opportunity?" Stock: Vodafone Idea Ltd. Analysis: Vodafone Idea has faced significant challenges, with the stock currently down 58.34% from its 52-week high, reflecting its struggle in a competitive market. However, recent developments suggest the possibility of a turnaround for this stock, making it an interesting pick for high-risk, short-term investors. Key Highlights: Recent Developments: Preferential Issue: Recently announced, which is expected to help the company stabilize its finances. Government Support: Positive policy news for the telecom sector could provide a much-needed boost. Technical Setup: Volume Activity: High volume seen recently, indicating renewed interest. Moving Averages: Convergence of key moving averages suggests a potential reversal. Institutional Support: FII Stake: Gradual increase in FIIs' holdings reflects cautious optimism. Financials: While the company is still loss-making, financial metrics show signs of improvement, supported by external measures. Trade Plan: CMP: ₹8. Target: ₹11 (short-term swing). Risk: High. This stock remains speculative, suitable for those with a high-risk appetite. Stop Loss: ₹6.5 for risk management. Disclaimer: This analysis is for educational purposes only and is not financial advice. The stock is speculative and comes with high risks. Please conduct your own research or consult a financial advisor before making any investment decisions.
NSE:IDEALong
by ImranulHaqueNoor
Emami Ltd: Potential change of Character, Double/Triple bottom "Emami Ltd: Potential change of Character, Double/Triple bottom " Stock: Emami Ltd. CMP: 622 Sector: FMCG /personal products Analysis: Emami Ltd. is showing promising change of character in its downtrend having formed almost complete Double /triple bottom. The stock has corrected almost 27% from its high and currently trading near the previous prce when very high volume activity was shown. Previously in the same zone very high demand zone occured boosting the price to go up. Key Highlights: Technical Setup: - Double Bottom (may also say triple bottom) Formation: Indicates a potential trend reversal. - RSI looks buliish - CMP: 622, near to the previous demand zone which had helped jump in prices Institutional Confidence: FII/FPI Holdings:increased holdings from 14.02% to 14.38% in Sep 2024 qtr. Institutional increased holdings from 35.63% to 35.89% in Sep 2024 qtr., reflecting confidence from larger investors. -Promoters unpledged 3.08% of shares in last quarter. Total pledge stands at 8.15% of promoter holdings. Promoters holding remains unchanged at 54.84% in Sep 2024 qtr FInancials: -The company has excellent financials. Target Levels: The stock is likely to test the next resistance zone at ₹743, offering significant upside potential. Some major analyst have projected price to go upto 790 levels in few months. Trade Plan: Entry: Near CMP levels Target: ₹743 and next may trail upto 790 levels or more Stop Loss: Below ₹590 for risk management. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
NSE:EMAMILTDLong
by ImranulHaqueNoor
Rama Steel Tubes: Double Bottom Near Breakout – Potential Upside"Rama Steel Tubes: Double Bottom Near Breakout – Potential Upside Ahead" Stock: Rama Steel Tubes Ltd. Analysis: Rama Steel Tubes is showing promising technical and fundamental signs of an upcoming bullish move. The stock has corrected to fill a previous gap and has now formed a double bottom pattern. Some traders might interpret the current flag pattern consolidation as a strong bullish signal, with the recent Doji candle indicating indecision before a breakout. Key Highlights: Technical Setup: Double Bottom Formation: Indicates a potential trend reversal. Flag Pattern: Consolidation within this pattern suggests bullish continuation. CMP is ₹13.52, presenting an excellent risk-reward setup. Recent Acquisition: The company acquired another firm through a preferential issue at ₹15, highlighting growth intentions. Institutional Confidence: FII/FPI Holdings: Increased from 0.05% to 0.17%. Institutional stake mirrored the same increase, reflecting confidence from larger investors. Target Levels: The stock is likely to test the next resistance zone at ₹16.84, offering significant upside potential. Trade Plan: Entry: Near CMP ₹13.52. Target: ₹16.84 (short-term). Stop Loss: Below ₹12.50 for risk management. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
NSE:RAMASTEELLong
by ImranulHaqueNoor
2
BLS International: Cup & Handle Breakout with Promising GrowthBLS International: Cup & Handle Breakout with Promising Growth Potential" Stock: BLS International Services Ltd. Analysis: BLS International is showing a bullish cup and handle pattern on the daily timeframe, a classic indicator of potential upward momentum. Backed by increasing institutional confidence and a long-term growth opportunity in the visa and passport services sector, the stock looks well-positioned for an upside. Key Highlights: Technical Setup: Cup & Handle Formation: Indicates a potential breakout. Monitor for volume confirmation above the breakout level. RSI also looks strong. Institutional Confidence: FII/FPI Holdings: Increased from 7.40% to 8.96% in Sep 2024 quarter. Number of FII/FPI Investors: Rose from 121 to 148, signaling rising interest. Mutual Funds: Increased holdings from 0.87% to 1.13%. Institutional Investors: Overall stake increased from 8.75% to 10.67%. Industry Insight: With only 7.2% of Indians holding passports, the growth in passport issuance and visa applications could drive long-term benefits for companies like BLS International. Trade Plan: Entry: Post a confirmed breakout above the handle resistance. already active Targets: ₹470 (short-term), ₹500 or above (mid-term). Stop Loss: Below ₹420 to manage risk. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
NSE:BLSLong
by ImranulHaqueNoor
Alpa Laboratories: Retest of Breakout Line with Strong RSIStock: Alpa Laboratories Ltd. Analysis: Alpa Laboratories is retesting its breakout line (uptrend resistance line) on the weekly chart, a critical level that could act as support. If demand emerges at this level, the stock has the potential to stage up to ₹144. and then later on more Additional Strength Indicators: RSI: Momentum remains strong, supporting a potential rebound. LPS TSS Indicator: Buy signal triggered on the hourly timeframe, suggesting near-term bullishness. Fundamental Highlights: Quarterly Net Profit: ₹8 Cr, reflecting a 32.9% YoY growth. FII/FPI Holdings: Increased from 0.36% to 0.74%, with the number of investors rising from 2 to 5. Institutional Holdings: Overall increase from 0.36% to 0.74%, signaling growing institutional confidence. Technical Setup: Retest Zone: The stock is at a crucial support level, testing its breakout line. Volume: Monitor for a rise in buying activity to confirm demand. Trade Plan: Entry: Near the breakout line retest zone with confirmation of demand. Target: Pullback to ₹144. Stop Loss: Below the support zone at ₹128 to manage risk. Note: Strong fundamentals, improving institutional interest, and technical buy signals make Alpa Laboratories a promising candidate for a pullback trade.
NSE:ALPALong
by ImranulHaqueNoor
Soma Textiles: Promoters Max Holding & Hammer Candle for upwards"Soma Textiles: Promoters Near Max Holding & Hammer Candle Indicates Reversal" Stock: Soma Textiles & Industries Ltd. Analysis: Soma Textiles is showing strong bullish signals, supported by promoter activity, excellent financial results, and recent high-volume buying interest. The stock has retraced to a key support zone at ₹53.19 and has formed a hammer candle, signaling a potential reversal. With a favorable macroeconomic environment for the Indian textile sector, this stock is positioned for further gains. Key Highlights: Promoter Activity: Promoters have increased their stake from 72.76% to 74.98%, nearing the maximum allowable holding of 75%. Institutional Confidence: FII/FPI Holdings: Increased from 0.00% to 0.04% with 5 investors now holding positions. Institutional stake doubled from 0.04% to 0.08%, reflecting growing interest. Volume Signals: Recent high-volume activity with appearances in bulk-buy filtered stock lists. Financial Performance: Quarterly Net Profit: ₹68 Cr, a 11653.4% YoY growth. Quarterly Revenue: ₹6 Cr, a 152.6% YoY growth. Sector Tailwinds: The Indian textile sector is expected to benefit from challenges faced by Bangladesh's textile industry. Technical Setup: CMP: ₹53.19. Hammer Candle: Indicates a likely upward move from this support zone. Volume Confirmation: Strong buying interest is evident. Trade Plan: Entry: Near ₹53.19. Target: ₹62 (short-term), with potential for more. Stop Loss: Below ₹46 to minimize risk. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
NSE:SOMATEXLong
by ImranulHaqueNoor
Hi-Tech Pipes: Double Bottom Reversal & Strong Support Zone "Hi-Tech Pipes: Double Bottom Reversal – Strong Support Zone for Upside Move" Stock: Hi-Tech Pipes Ltd. Analysis: Hi-Tech Pipes has corrected from its recent highs but is now showing clear signs of reversal. The stock has formed a double bottom pattern, indicating potential upside from the current levels. Backed by increasing institutional interest and strong financials, the stock is poised for upward movement. Key Highlights: Promoter Activity: Promoters unpledged 0.12% shares, reducing pledged shares to 2.57% of total holdings. Promoter holdings reduced from 53.95% to 50.76% in Sep 2024 quarter. Institutional Confidence: FII/FPI Holdings: Increased significantly from 1.81% to 9.31%. Institutional Investors: Overall stake increased from 13.16% to 19.36%. Technical Setup: Double Bottom Formation: Indicates a potential reversal from the current strong support zone. CMP is ₹169, offering a favorable risk-reward ratio. Financials: The company has robust fundamentals, with analysts projecting targets of ₹192 and ₹208 in the short term. RSI looks strong and in buy zone Trade Plan: Entry: Near CMP ₹169 or on confirmation of breakout above ₹175. Targets: ₹192 (short-term), ₹208 (mid-term). Stop Loss: Below ₹160 to manage risks. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
NSE:HITECHLong
by ImranulHaqueNoor
Vedanta: Rangebound No More? Positive News & RSI Support Upside"Vedanta Limited: Rangebound No More? Positive News & RSI Support for Upside" Stock: Vedanta Limited Analysis: Vedanta Limited has been consolidating within a range for the past few months, despite showcasing excellent financials. Today’s news about the release of encumbrances could act as a catalyst for a price breakout. Key Highlights: Positive Rating Update: Long-term credit rating upgraded to AA by CRISIL, boosting investor confidence. RSI in Strong Zone: Indicates momentum is building, with fresh demand likely near the CMP. Support & Resistance Levels: Support Zone: ₹448–₹436. Immediate Resistance: ₹470–₹477. A close above ₹477 could trigger a move toward ₹505–₹522. Technical Setup: Consolidation Phase: The stock is poised to break out of its range with the support of favorable news and improving sentiment. Volume Watch: Monitor for a volume uptick to confirm the breakout. Trade Plan: Entry: Near current levels or above ₹477 for confirmation. Targets: ₹505 (short-term), ₹522 (mid-term). Stop Loss: Below ₹436 to manage risks. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
NSE:VEDLLong
by ImranulHaqueNoor
HUDCO:Reversal in Motion –Average Crossover & Strong Fundamental"HUDCO: Reversal in Motion – Moving Average Crossover & Strong Fundamentals" Stock: Housing & Urban Development Corporation Ltd. (HUDCO) Analysis: HUDCO is showing clear signs of a reversal after a period of correction. The stock is at a critical juncture with a moving average crossover, signaling the possibility of further upside. Backed by excellent financials and increasing institutional interest, the stock looks poised for a strong rally. Key Highlights: Promoter Holding: Stable at 75.00% (Sep 2024 quarter). Institutional Confidence: FII/FPI Investors: Increased from 128 to 145. Mutual Fund Schemes: Increased from 18 to 20, signaling growing trust. Financials: Revenue: ₹2,526 Cr, a solid 34.3% YoY growth. Net Profit: ₹689 Cr, an impressive 52.5% YoY growth. Technical Setup: Reversal Pattern: The stock has started recovering after a significant correction. Moving Average Crossover: A bullish signal that may trigger further buying momentum. Trade Plan: Entry: Near CMP or after sustained confirmation of the crossover. Targets: ₹285 (short-term), ₹344 (mid-term). Stop Loss: Below ₹190 to manage risk. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
NSE:HUDCOLong
by ImranulHaqueNoor
HINDALCO: Bounce Back with Institutional Confidence – Targets ₹7"HINDALCO: Bounce Back with Institutional Confidence – Targets ₹712 & ₹772" Stock: Hindalco Industries Ltd. (HINDALCO) Analysis: HINDALCO has shown a strong rebound from its major support zone after a significant correction. The stock is supported by positive institutional activity and robust financial performance, indicating potential for further upside. Key Highlights: Institutional Confidence: LIC’s Recent Purchase: Increased stake by 0.01% via open market, making its total holdings 5%. FII/FPI Holdings: Increased from 27.18% to 28.58% in Sep 2024 quarter. Number of FII/FPI Investors: Rose from 1117 to 1145, showing growing interest. Mutual Funds: Increased participation with schemes rising from 43 to 44. Institutional Investors: Total holdings up from 56.67% to 56.83%. Financials: Net Profit: ₹1,891 Cr, a stellar 123.3% YoY growth. Revenue: ₹23,087 Cr, a solid 10.8% YoY growth. Technical Setup: The stock has bounced back from its major support zone with momentum. RSI and other indicators suggest further upside potential. Trade Plan: CMP: ₹667 (example). Targets: ₹712 (initial target), ₹772 (next level). Stop Loss: Below ₹640 to manage risks. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
NSE:HINDALCOLong
by ImranulHaqueNoor
2
ASHIANA: Consolidation Over? Turnaround Signals & Mid-Term Poten"ASHIANA: Consolidation Over? Turnaround Signals & Mid-Term Potential" Stock: Ashiana Housing Ltd. (ASHIANA) Analysis: ASHIANA has corrected nearly 30% from its high following weaker financial results in the past two quarters. However, the stock is now showing consolidation and signs of a turnaround over the past two months, supported by improving volume and technical indicators. Key Highlights: Promoters Holding: Stable at 61.11% as of Sep 2024 quarter. Institutional Activity: Mutual Fund Holdings: Increased from 6.74% to 7.53%, indicating renewed interest. FII/FPI Holdings: Slightly reduced to 7.46%, with the number of FII/FPI investors unchanged at 37. Technical Setup: Price has crossed the 200 EMA, a key bullish indicator. Sustaining above this level could trigger a rally. Volume Increase: Recent spikes in volume suggest accumulation. Trade Plan: CMP: ₹331. Mid-Term Outlook: The stock looks favorable for a mid-term rally if it sustains above the 200 EMA for a few more sessions. Targets: ₹375–₹400 over the next few months. Stop Loss: Below ₹310 to manage risk. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
NSE:ASHIANALong
by ImranulHaqueNoor
CREDITACC: Rebound from Key Support with Strong Volume Spike Title: "CREDITACC: Rebound from Key Support with Strong Volume Spike – Target ₹1140" Stock: CreditAccess Grameen Ltd. (CREDITACC) Analysis: CREDITACC is currently trading at a key support level, showing a sudden spike in volume after making a new 52-week low last week. Despite a challenging quarter, the stock’s fundamentals and institutional interest indicate potential for a rebound. Key Highlights: Promoter Holding: Strong at 66.5%. Institutional Confidence: Significant FII and DII holdings underline trust in the company. Fundamentals: Fair Valuation: PEG at 0.30 and PE below the industry average. QoQ Revenue Growth: Strong growth, though expenses have doubled, causing a 50% decline in net profit for the September quarter. Technical Setup: Volume Spike: A sudden increase in activity suggests potential accumulation. Support Zone: The stock is holding critical levels, providing a solid base for a rebound. Trade Plan: Entry: At current levels near support, with confirmation of rebound. Target: ₹1140 within a 6-month timeframe. Stop Loss: Below ₹900 to limit downside risk. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
NSE:CREDITACCLong
by ImranulHaqueNoor
Data Patterns: Triple Bottom Breakout Title: "Data Patterns: Triple Bottom Breakout with Institutional Support" Stock: Data Patterns Analysis: Data Patterns has recently given a Triple Bottom Breakout, signaling a potential trend reversal after a period of consolidation. Institutional support remains strong, despite a correction following slightly weaker previous quarter financials. Key Highlights: Mutual Fund Holdings: Increased from 6.14% to 6.48% in the Sep 2024 quarter. FII Holdings: Remain robust, showcasing consistent confidence in the stock. Correction Complete: The stock corrected earlier due to weaker financial results but now appears to be resuming its upward trajectory. Technical Setup: Pattern: Triple bottom breakout on the daily chart. Support: Established around the breakout level, providing a strong base. Momentum: Watch for increased volume to confirm the breakout. Trade Plan: Entry: Post-breakout confirmation above current levels. Target: Short-term target at ₹1520; mid-term target at ₹1600. Stop Loss: Below ₹1400 to manage risk. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
NSE:DATAPATTNSLong
by ImranulHaqueNoor
5
SELAN: Symmetrical Triangle & VCP Setup – Ready Pullback RallyTitle: "SELAN: Symmetrical Triangle Breakout & VCP Setup – Ready for a Pullback Rally" Stock: Selan Exploration Technology Ltd. (SELAN) Analysis: SELAN is demonstrating strong technical and fundamental characteristics. The stock has retraced to fill the gap and started to rebound from support areas, indicating the potential for a near-term pullback rally. Chart Patterns: Symmetrical Triangle: A classic breakout setup in progress. VCP Formation: For others, it can be interpreted as a Volatility Contraction Pattern, supporting the bullish structure. Key Levels: Upside Resistance: ₹990–₹1078 (stiff resistance zone). A breakout above ₹1078 could lead to fresh upside momentum. Support Zone: ₹760–₹680 on the downside, providing a solid cushion. Momentum Indicators: Monthly RSI: Showing strength and gaining momentum, supporting the pullback potential. Piotroski Score: SELAN scores an impressive 7/9, indicating strong financial health. Financial Highlights: Quarterly Net Profit: ₹21 Cr, an outstanding 126.8% YoY growth, reflecting excellent financial performance. Trade Plan: Entry: At current levels with confirmation of continued rebound. Target: ₹990 (initial resistance), ₹1078 (key resistance). Further upside expected on breach of ₹1078. Stop Loss: Below ₹760 to manage downside risks. Note: SELAN’s combination of robust fundamentals, impressive RSI, and strong chart patterns positions it for a potential breakout rally. Watch for volume confirmation near resistance levels to validate the upward move. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
NSE:SELANLong
by ImranulHaqueNoor
PRIVISCL: Strong Buy Zone with Breakout PotentialTitle: "PRIVISCL: Strong Buy Zone with Breakout Potential – Backed by Excellent Financials" Stock: Privi Speciality Chemicals Ltd. (PRIVISCL) Analysis: Privi Speciality Chemicals is currently trading in a Buy Support Zone on the daily timeframe, offering a potential entry point for traders. The stock is backed by strong financial performance, with: Quarterly Revenue: ₹522 Cr, a 20.2% YoY growth. Quarterly Net Profit: ₹47 Cr, a robust 75.1% YoY growth. Ownership Changes: Promoter Holdings: Increased from 72.72% to 74.05%, reflecting strong confidence in the company’s growth potential. FII/FPI Investors: Increased from 29 to 33 in Sep 2024 quarter. Institutional Investors: Marginal decrease from 3.26% to 2.92%, with Mutual Fund holdings slightly reduced from 2.59% to 2.29%. This combination of strong fundamentals and promoter confidence suggests a high likelihood of a breakout soon. Technical Setup: Trend: The stock is consolidating at support, poised for a potential upward move. Volume: Watch for an uptick in volume to confirm the breakout. Trade Plan: Entry: At CMP or on breakout above resistance. Target: Initial target at ₹1430; mid-term target at ₹1500. Stop Loss: Below the support zone at ₹1280. Note: With excellent financials and growing promoter confidence, PRIVISCL is well-positioned for an upside breakout.
NSE:PRIVISCLLong
by ImranulHaqueNoor
Jyoti CNC:Strong Institutional Accumulation with good FinancialsTitle: "Jyoti CNC Automation: Strong Institutional Accumulation with Stellar Financials – Bullish Outlook" Stock: Jyoti CNC Automation Ltd. Analysis: Jyoti CNC Automation is gaining momentum with robust financial performance and increasing institutional interest: Quarterly Revenue: ₹383 Cr, reflecting a 46.0% YoY growth. Quarterly Net Profit: ₹70 Cr, showcasing a massive 268.4% YoY growth. Institutional Confidence: Promoter Holding: Stable at 62.55% (Sep 2024 quarter). FII/FPI Holdings: Increased from 4.91% to 5.81%, with the number of FII/FPI investors rising from 47 to 58. Mutual Funds: Holdings surged from 6.38% to 10.87%, and the number of schemes increased from 14 to 19. Overall Institutional Holdings: Grew significantly from 11.45% to 16.80%, underlining strong institutional confidence in the company. With a CMP of ₹1273, the stock appears well-positioned for further upside, supported by its excellent financial performance and rising institutional participation. Technical Setup: Trend: Strong bullish momentum driven by institutional accumulation. Support Levels: Watch for a hold above ₹1250 as a confirmation of strength. Trade Plan: Entry: CMP ₹1273 or on sustained strength above ₹1300. Target: Short-term target at ₹1400; mid-term target at ₹1500. Stop Loss: Below ₹1230 to manage risk. Note: With stellar financial growth and significant institutional accumulation, Jyoti CNC Automation is poised for a continued bullish trend.
NSE:JYOTICNCLong
by ImranulHaqueNoor
IXIGO: Strong Institutional Accumulation Near Listing Price – BuStock: IXIGO Analysis: IXIGO's stock has recently tested its listing price and bounced back, showing signs of renewed buying interest. The bounce is supported by high volume activity, indicating a potential reversal. Institutional investors appear to be gradually increasing their stake, even as retailers exit the stock: FII/FPI Holdings: Increased from 58.18% to 59.83% in the Sep 2024 quarter. MF Schemes: Increased from 5 to 8 in the same period. Overall Institutional Holdings: Rose from 68.12% to 68.33%, reflecting sustained confidence. The company’s strong financials further bolster the bullish outlook, making it an attractive candidate for a potential recovery. Technical Setup: Bounce Zone: Near listing price with strong support. Volume: High activity during bounce indicates accumulation. Institutional Confidence: Gradual stake increase supports bullish sentiment. Trade Plan: Entry: CMP ₹144 or on confirmation of a sustained move above recent resistance. Target: Short-term resistance levels at ₹155 and ₹165. Stop Loss: Below ₹138 to manage risk. Note: Institutional accumulation, combined with a recovery from listing price, positions IXIGO as a promising reversal trade for both short-term and long-term investors.
NSE:IXIGO
by ImranulHaqueNoor