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Investment pick- Marksans pharmaMonthly chart analysis of Marksans pharma reveals a beautiful cup and handle breakout in the stock. We have seen an ATH breakout already and a consolidation/retracement is bound to happen. The stock is looking strong for multibagger returns with the best buy level for a positional trade is the range of 95-105 Keep this stock in your watchlist. For investment, stock can be added at CMP as well with buy on dips strategy. Stock fundamentals: Category-Midcap Sector-Pharma Industry-Pharma(Bulk drugs) 10 Year compounded profit growth:- 19% Ratios at CMP:- Stock PE:-19 ; Ind. PE:- 26 Debt to equity:- 0.07 (negligible) ROCE:- 22%; ROE:-20% ; P/B:- 3.07; PEG:- 0.34
NSE:MARKSANSLong
by chartistamey
2
WALCHAND NAGAR IND | Multi Year Triangle Breakout.NSE:WALCHANNAG Walchandnagar Industries Ltd. engages in the manufacture of engineering products. It operates through the following segments: Heavy Engineering, Foundry and Machine Shop, and Others. The Heavy Engineering segment engages in the engineering, fabrication, and manufacturing of machinery for sugar plants, cement plants, boilers and power plants, industrial and marine gears, mineral processing and EPC, petrochemicals, and space, defense, and nuclear power businesses. Walchand Nagar Ind. Technical Analysis on weekly time frame:- 1. Price has rebound from the strong support zone after a breakdown has failed. 2. The Symmetrical triangle is been in formation for the last 3.2 years and the location on the symmetrical triangle is bullish as it has formed around the support zone, so we can say Its extrinsically is bullish in nature and intrinsically too. 3. The Price is been Trading above 200 SMA which is a Bullish sign. 4. The price is been in a range for over 1.5 Decades and is currently at lower range support. Entry Aggrassiv can enter now and safe investors should wait for a retest of the triangle breakout zone it will add more confirmation to it. Target levels and stop-loss is mentioned on the chart. Walchand Nagar Ind. Fundamental Analysis Points:- 1. Company Turned into Net profit after many Years. 2. Revenue is increased and Long Term has been Reduced. 3. EPS is improving Marginally. 4. Although one concern is a reduction in assets. The above information is for educational purposes only, Before acting on any investment idea please do your own analysis and follow proper risk to reward. I Hope you found this helpful. Please like and comment. Keep Learning, Happy Trading!
NSE:WALCHANNAGLong
by SANJAYPATIDAR_
2
QUESS CORP LTD: Good for Long term 1 to 2 years CMP: 500.05This stock is currently trading almost 48% less than it previous high of 963.40 it reached on 17th Sep 2021. From this level it a low of 337.55 on 28th March 2023. The Stock found strong support at these levels which happens to be the Monthly Institutional Buy zone. On 29th March 2023over 10.39 million shares were traded compared to a 30day average volume of around 556k shares. Clearly indicating value buying. The stock has since moved in a Cup & Handle pattern and also broke out of the falling trendline and further consolidating in the 400/- to 450/- levels. It broke out of the resistance level of 458 - 460/- range touching a high of 527.30 on 23rd Nov 2023 which was also its first Target price. All major Indicators including MACD, RSI, Momentum and Choppiness indes in the Monthly chart are showing positive signals. Conclusion: The ideal Entry Point will be in the 437 to 450/- range however one can start buying 460/- levels with a long term ( 1.5 to 2 Years) target of 835/-
NSE:QUESSLong
by ajayharidas
#MORARJEE textiles weekly analysis long termGreetings Folks, today I have prepared a setup of MORARJEE on NSE the analysis is as follows- - the price has been trading in a descending triangle pattern - the price has been struggling to breakout but it has turned sideways near the trendline - now there is a minor static resistance just above the wicks, either enter when this static resistance breaks or if you are a traditional investor who does not times the market, then you may buy now or some retracement later don't play with fire, always use a predefined stoploss
NSE:MORARJEELong
by profitpujari
#HDFC monthly chart deep analysis and assumptions(for reference)Greetings Folks, today I have prepared a setup of HDFC on NSE the analysis is as follows- - this is a monthly timeframe chart so do not use this to trade, use for confirmation bias - the price failed to break out of a series of monthly equal highs - the breakout didn't lasted and then the stock began its down trend - the down trend went on for 4 months , and now the price seems to have found a stable support i.e the 50% of fib retracement - the price is likely to consolidate a bit to add liquidity and momentum - i will say it again, do not use this chart to set your entry and exit points don't play with fire, always use a predefined stoploss
NSE:HDFCBANK
by profitpujari
IRCTC looks good for investingThe long-term prospects for IRCTC appear promising, supported by its historical bullish trajectory. Following a substantial correction, the stock has retraced to a key demand zone, signaling a potential trend reversal. The price action suggests that the corrective phase may be concluding, laying the groundwork for a renewed upward movement. Investors are keenly observing these developments, considering the favorable positioning within the demand zone as an opportune moment to capitalize on potential future gains.
NSE:IRCTCLong
by anuragAnand321
1
SAREGAMA looks good for investment for medium to long termThe recent price action of this asset has signaled a significant shift in market sentiment. After a prolonged downtrend, it exhibited a notable uptick in buying interest, successfully breaching the previous lower high of the downtrend. This breakout strongly suggests the initiation of a potential trend reversal. In addition to the promising technical indicators, the company's fundamentals also appear robust. It has demonstrated impressive growth in annual net profits, and the current-year profits have already surpassed the previous year's figures, showcasing a noteworthy performance that underscores its strong financial health and growth prospects.
NSE:SAREGAMALong
by anuragAnand321
BAJFINANCE looks good for investmentBajaj Finance recently experienced a significant development in its price action. After a period of descending trends that followed a notable uptrend, the stock broke through a key resistance line. This break of the resistance marked a pivotal moment in its trajectory. Following the successful breach of this resistance line, the stock price retraced and found solid support along this previously formidable resistance line. This pullback and subsequent establishment of support signify a noteworthy shift in the stock's outlook. As a result of these recent developments, Bajaj Finance now appears to be in a highly favorable position, with a distinct bullish momentum in its price movement.
NSE:BAJFINANCELong
by anuragAnand321
Practical working of the script publishedThe Algo which i have published buys when the low of the currenct candle is less than the low of the previous one. So on days like today, when the markets were falling like nine pins and there was no where to hide, this algo keeps getting triggerred and long term investors get to buy at lower levels steadily. Low cost of buying of quality stocks and their subsequent compounding over the very long term are the only two things required for mega wealth creation - and that is what we try to achieve by this algo.
NSE:NIFTYBEES
by MBIPL
Kotak Mahindra Bank is ready to fly in blue sky?Hello Guy's, Kotak Mahindra Bank chart looking very attractive, we can see Falling resistance trendline breakout and pull back pattern, and it has formed double bottom kind of pattern too, and today Kotak Bank has posted September quarter result also, Results are mind-blowing, I will write it down here, Sales has come 13717Cr, which is increased by 37% YOY EBIDT has come 3581Cr, which is increased by 427% YOY Net profit has come 4461Cr, which is increased by 24% YOY EPS has come ₹ 22.45, which is increased by 24% YOY So all parameter are showing a huge positivity for this ticker. Chances are high we can see gap up opening on monday. ABOUT COMPANY:- Kotak Mahindra Bank is a diversified financial services group providing a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory services, Asset Management, Life Insurance and General Insurance. Other parameters:- Market Cap ₹ 3,51,707 Cr. Current Price ₹ 1,770 High / Low ₹ 2,064 / 1,644 Stock P/E 20.5 Book Value ₹ 563 Dividend Yield 0.08 % ROCE 6.86 % ROE 14.2 % Face Value ₹ 5.00 Debt ₹ 4,18,307 Cr. EPS ₹ 86.4 PEG Ratio 1.06 Promoter holding 25.9 % Intrinsic Value ₹ 944 Pledged percentage 0.00 % EVEBITDA 17.6 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:KOTAKBANKLong
by TraderRahulPal
Tata Steel at Confluence Support ZoneTata steel gave a breakout from a promising channel pattern that has been in formation since over 2 years. Now the stock is taking support right at 50 DMA (Long tail candle), at .5 & .618 Fib levels and also at previous resistance zone which will now act as a support. Entries can be made in the same after a strong candle closes above 127 with strong volume. Short term Stop loss should be a a good candle close below 122 and long term SL is 117. Targets can be 150++. Trade can be held for a long term perspective too as Metal sector has given a breakout recently and is in a Stage 2 structure.
NSE:TATASTEELLong
by ST_SNOOPY
1
CENTURYPLY presents a compelling investment opportunity.This company boasts robust Foreign Institutional Investor (FII), Domestic Institutional Investor (DII), and Promoter holdings, reflecting significant confidence in its potential. Furthermore, on a weekly timeframe, the stock has recently formed a prominent uptrend pattern. Notably, following a brief pullback from this upward trajectory, the stock has convincingly demonstrated a breakout, indicating a strong bullish sentiment.
NSE:CENTURYPLYLong
by anuragAnand321