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Is IRCTC ready to burst ?Hello, guys. I hope you are doing well. Today, we will take a deep dive into IRCTC. Please read until the end to gain a complete understanding of this stock and its potentiality. The chart is self-explanatory, so we will keep the technical analysis brief. The stock had been consolidating in a descending triangle pattern for the past two years. After a really big move It has corrected by 50%. Recently, it broke out of this pattern and has started forming a new ascending triangle pattern, indicating a potential upcoming breakout. Fundamental:- In terms of fundamentals, it's needless to say that it is a government owned company, authorized exclusively by the Indian government to provide online railway tickets, catering services, and packaged drinking water at railway stations and on trains in India. Revenue Breakout As per 2022 data:- Internet Ticketing: Approximately 54% Catering: Approximately 27% Railneer (Packaged Drinking Water): Approximately 9% Tourism: Approximately 8% State Teerth: Approximately 2% Future Planes:- >>Company plans to enter the budget hotel service industry. >>Company intends to establish an e-marketplace offering services such as bill payment, recharges, and other third-party services, including online insurance purchases. >>The company has plans to explore segments such as Helicopter Travel and medical tourism. >>The company also plans to expand its non-rail based tourism offerings, including corporate travel business, cruise packages, river packages, and air ticket services. Financials:- >>The company is almost debt-free. >>It's anticipated that the company will perform well in the upcoming quarter. >>Over the last 5 years, the company has consistently achieved a strong profit growth of 34.9% annually. >>The company has a solid track record of return on equity (ROE) with a 3-year ROE of 34.6%. >>The company has consistently maintained a healthy dividend payout of 43.0%. >>FII, DII holdings are still increasing. Key Risks:- I have mentioned all the positive aspects of the company, but there are some key risks associated with the company that you should be aware of: 1.The company is government-owned, which means it can be highly sensitive to both positive and negative news. Any adverse news can lead to a significant decline in its stock price. 2.This stock also experienced price manipulation in 2021. 3. If any pandemic situation comes it can experience a substantial correction. My commentary:- We have recently observed that railway-based companies have started to gain momentum. Now, the question is, will IRCTC follow the same? My answer would be that it's possible because if the price breaks the recent pattern with strong volume, then it can potentially make a significant move. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Note: This is for informational purposes only. Do your own research before investing.
NSE:IRCTC
by BullishLine
4
Enter on price crossing up.NSE:CROMPTON is at the key levels; and the crossover if happens will give a good upside: Key Levels: Entry Price: ₹301.70 Target Price: ₹311.95 Stop Loss: ₹291.30 Detailed Technical Analysis: 1️⃣ We are observing a resistance at around ₹300.17. If the stock breaks this level, we can expect it to rise towards the target level of ₹311.95. 2️⃣ The Parabolic SAR issued a 'Buy' signal on 4th August 2023, indicating a potential bullish scenario. 3️⃣ Our analysis predicts a bullish crossover on the stock's RSI (Relative Strength Index) in the near future. This reinforces the 'Buy' signal. 4️⃣ We also observe a positive crossover in the Fisher Transform, suggesting an upcoming positive price movement. We recommend implementing the key levels (entry price, target price, stop loss) into your trading strategy. Best Regards. #PhenogenSolutions #StockAnalysis #CromptonGreaves #TechnicalAnalysis #TradingStrategies Disclaimer & Disclosures: This analysis is based on publicly available data and is intended for informational purposes only. It should not be considered as investment advice. Finogent Solutions LLP is not responsible for any losses incurred based on the information provided. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
NSE:CROMPTONLong
by finogent
KCP Ltd. Bullish Inverted H&S BreakoutHi, An inverted Head and Shoulder pattern is emerged on the Daily Chart of NSE:KCP with good volume. One can create a fresh position in the scrip at 115 with SL of Rs. 105 on closing basis for 1st traget of 125 and 2nd target of 235. The risk to reward ratio is 1:2 Exit the position if the stop loss is triggered on DCB. DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME. I AM EAGERLY WAITING FOR YOUR COMMENTS ON THE STUDY... Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:KCPLong
by raigvivek
Breakout in Gujarat Fluorochemicals NSE:FLUOROCHEM is currently trading at a discount of 30% from its all time peak. It was going through a downtrend and has now broken past its channel (highlighted in purple). The breakout pattern is noticeable and higher highs are being achieved by $NSE:FLUOROCHEM. This indicates NSE:FLUOROCHEM can go higher and inch closer to its 52 week high of 4170. Strategy: You can enter into a long position at current levels of 2920 - 2930. Place a stop loss at 2590 - 2600. You may exit position once the stock reaches the target of 3400. Technical Analysis: NSE:FLUOROCHEM was making lower lows and was in a continuous downtrend, it has now reverted and is making higher highs and has broken out of the channel. Fundamental Analysis: NSE:FLUOROCHEM has a healthy balance sheet with a positive free cash flow. The net profit in the year 2022 - 23 has increased by 68% year on year. It has sufficient cash reserves to meet its short term liabilities. Revenue for the year 2023 - 24 is expected to grow by 15%. There has also been an increase in the FII ownership over the past 3 months.
NSE:FLUOROCHEMLong
by Aryan_Devaiah