Get started

Longterm

Neat & Clean Multi Months breakout seen in FINCABLESFinolex Cables Limited is a leading manufacturer of electrical and telecommunication cables in India. Operating for more than 50 years, Finolex has been able to maintain its leadership position as one of the most diversified wires and cables companies in the country. Besides manufacturing a wide variety of wires and cables, Finolex has also forayed into the manufacturing of Fast-Moving Electrical Goods (FMEG) and home appliances. Over the years, the Company has established itself as a preferred electrical solutions provider for retail and institutional markets in India and created a strong brand name. Market Cap ₹ 11,978 Cr. Current Price ₹ 783 High / Low ₹ 848 / 344 Stock P/E 21.6 Book Value ₹ 263 Dividend Yield 0.77 % ROCE 21.4 % ROE 16.3 % Face Value ₹ 2.00 Debt ₹ 10.9 Cr. EPS ₹ 36.2 PEG Ratio 2.57 Promoter holding 35.9 % Intrinsic Value ₹ 594 Pledged percentage 0.00 % EVEBITDA 15.8 Company is almost debt free. Company has been maintaining a healthy dividend payout of 18.4% Well this is awesome management company and if i talk about technical, it has given proper multimonths breakout. Right now price is very attractive to go long from this levels. Long term investment also good and if anyone wants to go for just swing trade can go with given levels. Chances are high we wiil exit in profits only. If anyone likes my work please like, follow and comment. Thankyou
NSE:FINCABLESLong
by TraderRahulPal
Chaman Lal : Looking Strong and Bullish Good Day , Hello Traders, CLSEL looking very strong and it had formed a big rounding bottom since May 2022 till now. It will take a little bit time to move ahead. Next possible target 136. One can stay long with Stop Loss at 100. Bigger target of 164 will come when it start sustaining above 136 and show more strength. Time Frame : Daily Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.. If you really like the analysis , please do comments, LIKE and Follow me.
NSE:CLSELLong
by Piscean17th
BAJAJ HOLDING : BREAK OUT ON WEEKLY CHARTBajaj Holding and Investment , India Based Investment and Holding Company which focus on income from dividends, interest and gains through investment held. The stock is in uptrend on daily and weekly time frame and currently was in retracement move. The move seems to be over now as the stock is stuck in a range and forming a PENNANT PATTERN. We may see breakout any time. Break out may lead to a new 52 weeks High. The Fundamentals of Company are strong with a Market Cap of Rs, 67,345 Cr and YOY stock yield of 15.76 %. Analysis on Weekly Chart : The technical indicators at current level are as under : CMP : 6094.90 MA20 : 6038.13 MA50 : 6027.74 MA200 : 5975.53 RSI : 62.97 crossing over MACD (12,26) : 14.020 ADX (14) : 33.12 ( Directional Strength - In range ) ATR (14) : 44.65 ( Highly Volatile ) Volume is Far below from the mean value, no buyers seen yet, however the stock is waiting for them resulting into break out. The stock regain its upward trend from 4541.30 and as per Elliot wave theory , we may see the third wave in this breakout. Be prepared for the breakout in a or two days and hold for target 3 or a new 52 week High.
BSE:BAJAJHLDNGLong
by chakraveer1104
ASIAN PAINT LTD : BOTH SHORT AND LONG TERM TRADEAsian Paints Ltd does not need any introduction. With Market Cap of 2,69,000 Cr and a legacy of pre -independence foundation in 1945, the stock is all time favorite for for both retail and Institutional buyers. Currently the stock has just reversed from its downtrend and stands @ 2833.60. The chart has already tested the support @ 2820.10 which is our stop loss for this trade. One can enter this trade anytime now as it has crossed below the neck of reversed HEAD AND SHOULDER pattern . Out Targets would be 2913.50 , 3000 , 3254 and 3450 . It is both for short term trading as well as Long term hold as the stock is in uptrend in Higher Time frame ( Monthly ) RSI is crossing level of 50 in uptrend High Volume seen in recent trading days. We will definitely see Golden Cross over within next 3 weeks. A good opportunity to add this stock in your portfolio. Please keep boosting my study and analysis , it is helping me a lot. Good Lock !!!
NSE:ASIANPAINTLong
by chakraveer1104
2
AMBUJA CEMENT LTD : ISME JAAN HAI LONG TERM CALLOne of the India's leading and oldest cement manufacturing company and well known brand of Middle Class Segment of our Country AMBUJA CEMENT, had shown some sharp declined in Jan 2023. However buyers are back and the chart is in the Demand Zone. Let us analyze signals we are getting from chart. 1. The Stock has already faced rejection from both Distal line and Proximal Line of the Demand Zone as marked in circles in chart. 2. The chart is forming three back to back Hammers on Weekly time frame. 3. RSI is 33.30 ( under bought) on weekly timeframe. 4. The chart is in the formation of Three Bottom Pattern as shown as A, B and C on daily time frame. 5. Total Volume of trading in last three trading days is over 36 Millions. 6. Two days ago , Ambuja Cements Wins Bid For Uskalvagu Limestone Block , Orissa thus attracting Institutional Investors. The entry level and the Targets are marked on the chart. This is a long term trade plan. Conservative Traders must enter the trade only after price action @ 353 and 399 . Thank you for boosting my studies , and it is motivating me a lot to share more analysis with Trading Community. Best Wishes !!
NSE:AMBUJACEMLong
by chakraveer1104