Entry at SupportThis trade is based on Exponential Moving Average (9 &15) considered in the Weekly Time Frame.
A trade can start at the current level (Entry between 795 to 780). Maximum risk to be considered is 5% to 6%. However a strong Candle closing below 740 level will indicate EXIT from the trade.
The stock can show upward movement as below:
1) 1st Target is 20% from current level
2) 2nd Target is 30% from current level
3) 4th Target is 50% from current level .
**All targets to be observed in Weekly time frame**
Lowrisk
Engineers India offers good RR from this price level. -Good RR setup.
-Bouncing from a support level with Volume.
-Formed a bullish engulfing candle.
-Broke out of Trendline.
-Double Bottom at support level.
Overall, it's good for a swing.
This is not a Buy/Sell Recommendation. Please do your due diligence.
Risk- 15.4%
Reward: 29.8%
RR- 1:1.9
Infy - Low Risk SetupThe stock is forming a rising wedge pattern on the daily chart. This time at the lowest edge of the wedge. If bounces back from these levels, a bullish run may be seen.
Currently at 1475 around. One should exit if sustains below 1460 ( below the wedge formation).
This illustration is only my point of view, for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
Mphasis - Keep On WatchFor the past 12 months, the stock has been moving in a rising parallel channel. This moment rests at the lowest edge of the channel. If takes support and bounces back, there may be a bullish phase.
Possible early targets may be 2600/2700.
The setup fails if the price trades below 2340 ( below the channel).
This is only for learning and sharing purposes, not a trading advice in any form.
All the best.
Apple - At Crucial LevelsIt is clear from the setup that the price is at the lower edge of the rising parallel channel. If bounces back from these levels, there may be a bullish phase.
Immediate support may be around 175. if sustains below 175, will be out of our setup.
This illustration is only my view, not a trading advice in any form. Please conduct your research before taking any trade.
All the best.
Can it Persistently Rise? Market Cap 38,892 Cr.
Stock P/E 41
Industry PE 33
Piotroski score 8
ROCE 31 %
ROE 26 %
Debt to equity 0.17
OPM 18 %
EBIDT growth 3Years 38 %
Promoter holding 31 %
Persistent Systems provides software engineering and strategy services to help companies implement and modernize their businesses. It has its own software and frameworks with pre-built integration and acceleration.
BFSI accounts for the majority of revenues at 31.6%, followed by Healthcare & Life Sciences (20.8%). Tech & emerging verticals account for the remaining 47.6% of revenues.
The company has a global presence with presence in 17 countries including India, Australia, Canada, Germany, Japan etc.
The North American region contributes 78.8% of the total revenue. Contribution from India region was 10.6% and Europe was 8.7% while the Rest of the World contributed 1.9% of total revenue.
#SHORTTERM #SWING #NSE ROLEXRINGRolex Rings is a leading manufacturer of forged and machined components, one of the top 5 forging companies in India and is also a Global supplier of hot rolled forged, machined bearing rings and automotive components for various segments of vehicles, Industrial Machinery, Wind Turbines and Railways.
It derives nearly 54% of its revenue from bearing rings and 38% from automotive components. Exports contributed 46% of the revenue of the company.
Top 10 customers accounted for 80% revenue of the company.
The company is not planning any major CAPEX till FY25. They will be focusing on enhancing their revenue by increasing the forging utilization to 60% and machining capacity to 85% in the near future.
Market Cap: 5,580 Cr.
P/E 29.2
ROCE 31.3 %
ROE 28.9 %
Debt to equity 0.27
OPM 22.3 %
Promoter holding 57.6 %
Pledged 0 %
EPS 70
FOSECO INDIAMarket Cap 1,284 Cr.
Stock P/E 30.7
Industry PE 27.4
Dividend Yield 1.24 %
ROCE 22.2 %
ROE 16.6 %
OPM 14.5 %
Promoter holding 75.0 %
Pledged percentage 0 %
Free Cash Flow 14.4 Cr.
EPS 65.5 vs 51.2
- Foseco India Limited is engaged in the manufacture of products used in the metallurgical industry which are in the nature of additives and consumables that improve the physical properties and performance of castings.
- Key products and services include Industrial Dry Powders, Coating Products, Resin Products, Ceramic Filters and Exothermic Sleeves.
- It services the needs of Automotive, Railway and Heavy Transport, Construction and Mining, General Engineering and Petro-Chemicals and Power.
-The Co has state of the art manufacturing facilities in Pune and Pondicherry. It also imports products from its group manufacturing locations in other parts of the world. The company operates in a cellular manufacturing structure.
Squeeze - The Secret to Successful Breakouts!The squeeze indicates tightness and volatility in a stock. In the example here of #krishana, a high compression squeeze was seen the day before the breakout. This is indicated by the yellow date in the squeeze indicator. If the squeeze is combined with the VCP pattern or the formation of higher lows prior to the breakout, the probability of success of the breakout increases significantly.
#breakout #trading #squeeze #krishana