SONACOMS (TF|W|) Bullish view .SONACOMS stock analysis Potential breakout opportunity
Chart Analysis : SONACOMS is displaying a strong breakout chart , indicating the upward movement in it's stock price.
CUP & HANDLE Pattern : The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks. A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
VOLUME BUILDUP: volume buildup near the breakout zone . Increased trading volume is a positive indicator, suggesting more interest in stock and potential momentum
Market
Veto switchgear Market Cap
₹ 346 Cr.
Current Price
₹ 181
High / Low
₹ 186 / 106
Stock P/E
19.5
Book Value
₹ 129
Dividend Yield
0.55 %
ROCE
12.0 %
ROE
7.49 %
Face Value
₹ 10.0
Debt
₹ 22.6 Cr.
OPM
10.2 %
Promoter holding
45.1 %
Sales growth
-1.30 %
Profit growth
-4.11 %
Industry PE
59.0
Pledged percentage
0.00 %
Reserves
₹ 227 Cr.
Sales growth 5Years
6.57 %
Profit Var 5Yrs
9.18 %
Return over 6months
20.4 %
High price all time
₹ 266
Camlin fine science While the company carries a significant amount of debt (₹683.03 crore), its ongoing operations and market strategies might help in leveraging this debt effectively if managed well. The stock is currently trading at ₹122.59, and its historical high suggests there is significant potential for upside if market conditions and company performance align positively.
PEL Enterprises Piramal Enterprises (PEL) is expected to have an upside potential due to several factors. The company recently reported a strong financial performance, with a net profit of ₹137 crore for Q4 FY2024, and is undergoing a significant reorganization by merging with its subsidiary, Piramal Capital and Housing Finance Limited, to form Piramal Finance Ltd.
Cmp 978
BPCL LONG TRADEThis is my today's (13-06-24) trade on #BPCL .
Booked 1:1
Stock was on strong uptrend,Entry based on Pullback at good Demand zone with confluence of proper signals moving averages and volume.
Overall Market was in sideways today so stock was not giving strong movements.
Then booked 1:1 &close.
Im hoping 1:2 hits tomorrow
Whats Next in Nifty after biggest fall.NSE:NIFTY
#NIFTY50 DAY Chart Analysis for 05- JUNE-24.
📰BJP is unable to form a stable clear majority government, so there will be an impact on markets 📰
👉Perfect Handling of markets before elections and Glitch in CDSL it was so perfect and flawless, after that massive fall by 5.93%.
🔹View: Biggest fall seen yesterday and still it is not in a mood for V shap recovery. So lets analyse in detail.
TECHNICAL ANALYSIS
👉INDIA VIX :- 26.74 ( V. High )
👉PCR :- 0.52 ( Decreased)
🔹Structure :- 1 year range breakout on Monday became a 1 year gain erosion on Tuesday.
👉Price hit around 200 EMA after 7.5 months.
🌐GLOBAL:-DJI& Nasdaq close slightly bullish. 📰
🌐GIFTNIFTY:- 90 Points Plus.
👉OI:- Immediate resistance 22300 after that Heavy calls Written at 22500 followed by 22500 make a strong resistance for Nifty.
👉FII DII:- Both sold Heavily.
⚡️⚡️OUTLOOK:- will remain in range for some days if not fallen instantly below the mentioned zone on chart.
Detailed analysis on chart Study it and mark levels on your chart
Keep Learning,
Happy trading.
Avenue Supermarts Ltd - DMART - Positional TradeDate : 8-May-2024
Rating : Buy - Positional Trade
LTP : Rs. 4,806.75
Targets: (1) Rs. 5,180 --> (2) Rs. 5,900 --> (3) Rs. 7,577
SL : Rs. 4,450 on daily close basis
Technical View:
• NSE:DMART is in its primary uptrend and was going through it's secondary downtrend.
• After breaking out from its 2.5 years long secondary down trend on 19-Mar-2024, NSE:DMART has started the upward journey.
• After making a new 52w high of 4,890 on 23-Apr-2024, it has taken support at 4,450 on 29-Apr-2024 and again started the upward journey on 30-Apr-2024.
• RSI is trading at 65.32 and MACD is trading at 84.74
• Looking strong from here on.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Long opportunity in DMart There is pole and flag pattern break in DMart, looks good for longs above 4340 with stoploss at around 3020 levels for the target of 5600 (there may be some resistance at around 4980 levels) then 6200.
--This is for educational purpose only, do your own analysis before investing and do not put more than 5 to 10% of your capital in one stock.
Nifty Prediction and Bank Nifty Analysis for Monday 19 Feb 24n this video, we dive into a detailed analysis of Nifty Prediction and Bank Nifty, discussing the current market trends, technical indicators, and potential future movements. Join us as we break down the data and provide insightful predictions to help you make informed investment decisions in the stock market.
🔴Disclaimer: This information is solely for Education Purposes only and to provide information and is not intended to give any advice. Please consult your financial advisors before making any decisions. Stock Market investments are subjected to market risks.
⏺In this video, we'll give you a Nifty Prediction and Bank Nifty analysis for Monday, 19 February 2024.
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