MUHURAT TRADING 2k24 - Stocks to Add in Portfolio Happy Diwali Traders !! Here's Diwali Muhurat trading picks for 2024
NSE:SARLAPOLY
Sarla Performance Fibers Ltd. engages in the manufacture and distribution of synthetic yarn. The firm also offers wind power generation. It operates through the Yarn and Generation of Wind Power segments. The company was founded on November 23, 1993 and is headquartered in Mumbai, India.
Technical View:-
On monthly chart it has given a strong breakout on good volume and completed a retest,
CMP @94 looks Good to enter for a follow up Move
Stop level should be below -50
Target levels are - 150,220,350+
NSE:GODREJAGRO
Godrej Agrovet Ltd. engages in the manufacturing and marketing of animal feeds. It operates through the business segments: Animal Feed, Crop Protection, Vegetable Oil, Dairy and Other Business. The Other Business segment includes, seed business, energy generation through windmill, real estate, poultry and cattle breeding businesses. The company was founded in 1992 and is headquartered in Mumbai, India.
Technical View:-
The monthly chart breakout is good and now forming a Retest Of the zone, you can take a Few quantities on muhurat day but more quantities should only be added on the confirmation of retest only.
CMP is 712.80 But for confirmation, we need a weekly candle close above 730 Zone.
StopLoss level is 480
Targets are 950,1150,1500+
Note:- Always Use proper Position sizing rules before entering in the trade.
Keep Learning,
Happy Trading,
Enjoy Festival.
Mahurattrading
10th Nov ’23 - BankNifty PostMortem - Ascending channel drawnBankNifty Analysis
The real reason why Nifty50 reversed course today - BANKNIFTY. Yesterday we discussed how it took out the swing high set on wednesday. You wont believe that we took out yesterday’s swing high today even after opening with deep cuts.
In the opening minutes, we dropped to 43504 well below the first support of 43566. I really thought the support would yield, but it did not. By 10.10 we started climbing. BN took a rest at 13.00 after which there was a minor retracement. Then at 14.50 we got our 2nd leg of climb that went all the way up to 43908. It sure looked like Dhanteras/Diwali buying.
On the 1hr TF, I have drawn an ascending channel with the first target to beat being 44063. I wish to go bullish above that, till then I will hold on to my non-directional bias. I will not be writing about Muhurat trading on Sunday, but will mention any anomaly in my Monday report.
Good News Just Doesn't Stop Coming Out of IndiaOver the past few days, there has been a steady fall in Indian yields, largely due to fall in US yields and falling crude oil prices. The rupee has been stable for over a year now; it is this kind of predictability in the economyu that makes India an attractive investment destination vis-a-vis its peers.
As we approach Mahurat Trading, we are crucial resistance levels but the fundamentals and technicals appear to be building up for a rally.
No one can pre empt the markets, hence the indicator script linked below is useful. Whenever the current candle makes a lower low than the previous candle, it gets trigerred and buys. That way we keep buying on lows and pulling the average cost down.
Diwali Pick! - a TATA Group company (Upside 30-60%), Time - 1YrJust for Study purposes, Personally Invested!
I have marked the multi-year Supports with Red Circles, since 2010.
Take decisions based on personal conviction.
I personally find an upside of 30% in a year & 60% ultimately in a period of 1.5-2yrs. (Being a TATA company, Downside risk from here is in control)
~Happy Mahurat Buy~
LT | Mahurat Trading investment |100% Profit | In DETAIL 👍🎯L&T Shares Fundamental Analysis
The company’s shares have 52 weeks high of INR 1607 and have a market capitalisation of INR 1.09 trillion which makes it a Large-Cap company.
1.Economic Moat
The company has a history of over 80 years of engineering excellence and operates in 9 business verticals. L&T Group comprises of 93+ subsidiaries, 8+ associates, 34+ joint-venture and 33+ joint operations companies.
2. Business Model and Management
The main business verticals include Building and factories, transportation and infrastructure, Civil Engineering, Power, Defence, Electrical and Automation. The subsidiaries are involved in some non-core businesses like IT
services, Realty, Machinery, Financial services etc. & order inflow of INR 1286 billion in the first three quarters of FY 2020
3. Growth Ratios
The revenue has seen a growth of 12.3% CAGR over the last 10 years. The operating income and net income has also increased by 6.5% CAGR and 5.3% CAGR respectively.
4. Profitability Ratios
The gross margin has remained flat over the years which indicates that the company is able to pass down the inflation-related costs to its customers.
5. Cash Flow Ratios
the company has a moderate cash position.
6.Liquidity and Solvency Ratios
the financial leverage has been increasing but the debt to equity ratio has flattened. This indicates that the company’s assets are valued at higher levels which is the general case with the industry as new projects are
undertaken and progress is made. The current ratio has remained flat and the quick ratio has also been stable over the years. This indicates good liquidity and solvency position for the company.
7. Efficiency Ratios
good management of cash by the company even with an increased scale of operations.
8. Valuation Ratios
L&T, however, still has solid fundamentals and an order book which is almost 3 times its annual revenue. Hence the company can be said to be trading at attractive multiples for long term investing.
9. ROE 5 way Du Pont Analysis
The asset turnover has remained stable and the tax efficiency has improved. Overall the company has shown an increased return on equity along with a flat debt to equity ratio.
10.Future Prospects
The company witnessed a strong international order inflow of INR 416 billion (+2%YoY). The domestic orders declined by 20% YoY, whereas international business grew by 64% YoY to INR 179 billion. International orders
contributed 43% of total order inflow for the 3rd quarter of 2020 just before the COVID-19 pandemic.
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