#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
Longterm
#NYKAA Weekly level Huge breakoutGreetings Folks,
today I have prepared a setup of NYKAA on NSE
the analysis is as follows-
- the price was in a constant downtrend from the start
- it formed consecutive 4 equal highs in span of 260 days
- price today broke out of this static resistance, can hope for a reversal
- price was making minor higher lows
- the elliot correction wave ABC also adds to our confirmation in bias
don't play with fire, always use a predefined stoploss
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.
#OAL DIWALI LONGTERM PICKGreetings Folks,
today on the auspicious occasion of Diwali I have prepared a setup of OAL on NSE
the analysis is as follows-
-The stock has been on a constant downtrend ever since
- in my opinion, now price is looking to start its uptrend
- wait for breakout of trendline for safer entry or enter at the support zone
- please note that this is a very long term trade setup
don't play with fire, always use a predefined stoploss
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.
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.
#IDEA LONGTERM LONG TRADE SETUPGreetings Folks,
today i have prepared a setup of IDEA on NSE
the analysis is as follows-
- The price structure is very optimal for swing trade right now
- price is trying break the static resistance which has been tested before
- if it breaks it with good strength, we can look for buys at minor retracements at lower time frame
don't play with fire, always use a predefined stoploss
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.
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
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.
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.
Delhivery Ltd., ; min 15% ROI ; good opportunityFundamentally good stock,
For long term investment.
Reset chart for clear view.🔃
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Entry: 422
target: 473 - 490
sl: 405 - 400
major stoploss/ support: 389
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Enter only after breaking " Yellow box" mentioned.
Or else wait for some time.
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;good for long term investment.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
refer old ideas attached below
SCHAEFFLER INDIA looks very bullishThe market displayed a strong bullish trend until mid-September 2022, but subsequently underwent a significant downtrend. However, recent developments suggest that this downtrend has now reversed, giving way to an emerging uptrend. Furthermore, this uptrend has been accompanied by a notable breakout following a brief pullback, signaling a strong indication that the stock is poised for a bullish upswing.
ACi looks good for long-term investingThe price has changed from downtrend to uptrend in the major trend and after the pullback it has failed to make a Lower Low which is indicating that trend has successfully changed from downtrend to uptrend and it will give a potential bullish movement. Invest at your own risk. DYOR.
Bandhan Bank: A Promising Future of PotentialHello fellow traders, I hope you're all doing well. As you may have noticed, the market has recently become more volatile and uncertain. In light of this, I'd like to share an analysis of a potential future growth stock with you.
>>Bandhan Bank has been experiencing a correction in its stock price since it first got listed in the market. Now, if we take a look at its performance on a weekly chart, we can see that it has been trading within a descending rectangle pattern for the past three years. During this time, it has been closely following its support and resistance levels.
>>Currently, it has once again tested its resistance level. If it successfully breaks through this level with strong momentum, it could be an excellent opportunity to start a position for potential significant growth in the future.
>>The bank has been expanding aggressively, opening branches in various cities. Moreover, it's offering attractive financial solutions compared to its competitors. Notably, the promoter's holding in the bank is stable, and interestingly, Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) are actively increasing their holdings, which is a positive sign.
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.
Long bet in AVAAS FINANCIERS.>>Avaas Financiers Ltd is a major company that offers home loans. They operate in several states in India, including Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Haryana, Uttar Pradesh, Chhattisgarh, Punjab, Uttarakhand, Himachal Pradesh, Delhi, Odisha, and Karnataka. They have a widespread presence with a total of 346 branches.
>>This company primarily focuses on providing home loans to people in the low and middle-income groups. What's noteworthy is that Avaas Financiers Ltd has been actively working to increase its sales numbers and profits. This performance makes their stock look promising for potential investors.
>>In terms of its future, Avaas Financiers Ltd looks promising because it operates in a specialized niche within the home loan industry. The company intends to expand by opening 30-35 branches annually and entering two more states over the next 3 to 5 years. This strategy is expected to provide sustainable growth.
>>Now, if we look at its chart, especially on a weekly timeframe, we will find that the stock has corrected 50% from its peak. After correcting, the stock is accumulating in an ascending triangle pattern. If it is able to break out of this pattern, we could consider entering the trade, as it has all the possibilities to provide decent growth in the long run.
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.
RBL bank set to change trend in near termRBL bank chasing 2 year trendline.
green line became long term support these stock on monthly chart basis.if price crossed and close above red line on monthly basis then their will be uptrend in stock...
Target 1:230 rs
target 2:250 rs
views are personal....we are not sebi registred...