Company is into manufacturing and processing of various kinds of Edible, Non-Edible oils and meals.
1. Posted strong quarterly results.
2. Trading a P/E less than the Industry P/E
3. ROE and ROCE > 30%
4. Positive cash flow from operations
I am invested in this stock. Kindly do your DD before investing.
Analysis Based on Demand zone and Supply zones. long term investment pick.
Buy in Parts 4223 / 4153 / 3975 / 3810.
Tgt 4608 / 5040 / 5324 / 6220 / 6699.
SL Weekly close below 3800.
Next Buy range 3000 / 2891
I have shared Wipro weekly chart and marked Elliot waves considering wave 1 to start after corona crash.
If you can see the 5 waves got completed in month of Oct, 2021 where high is 739.85.
As per standard Elliot wave principle a correction after wave 5 should get completed in or around where wave 3 and wave 4 is terminated.
This is standard as per book...
You must have heard the words of great investor of all time.
Mr. Warren Buffett once said, “The first rule of an investment is don't lose . And the second rule of an investment is don't forget the first rule."
Losing money means, in simple terms means, selling at a loss . People get fearful and sell when the stock starts falling. There can be unlimited...
Current price correction of 43% and finding support at 61.8% FR Retracement level are in line with past major corrections. RSI is also turning from its historical Oversold zone. The stage is set for a turnaround in the stock. One can look to invest for a longer term target of a new all time high on the stock with a stop loss of Rs.650!
I daily make market analysis videos and posts on Financial markets
SR means Support and Resistance
PC means Parallel Channel
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Zydus Lifesciences Long-term trend Analysis
1. In a position of value buying zone.
2. It's started accumulating it may take 2 months to 1-year period of time.
3. If you are a Sip investor try this stock for the next 2 years.
4. First Target will be 750.
5. Advantage is It's in a very low PE ratio now.
6. There is no bad sign from promoters since they are ready to...
UNITED SPIRITS (MCDOWELL) - Long-term bullish
1. Due to the market reversal trend all the stocks are in a bearish trend.
2. Now it's in a good support zone 714.
3. Based on the negative trend this stock will be under pressure in the upcoming weeks.
4. Next supports are 660, 610, and 570.
5. My strong feeling is, that it won't cut the 650 to 660 level, it has very...