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ASALCBR is a good Medium Term BetASALCBR Associated Alcohols & Breweries Ltd Chart Structure: - After listing in Feb'20, the stock is in an upward trend since Mar'20 - Stock right now is consolidating after making an All-Time High. - During the consolidation, the stock has taken support multiple times near previous resistance and Avg. Buy price of last Huge Accumulation. Volatility Contraction: - In Day TF, price is forming a triangle pattern. - Stock's Volatility is contracting. As before it was pushed down 20% after making ATH. - Stock rose up again from the support area, and this time it was pushed only 11% down, hence creating a Triangle Pattern. Relative Strength: - Stock is outperforming its sector & Nifty50 in 3m, 6m & 1y TF. It is underperforming in lower tf due to stock being in consolidation. - Stock has turned RS+ again on 8th Oct and is keeping above Laxman Rekha. - Spread chart of the stock has formed a triangle pattern and is near a breakout. Volume Activity: - Stock saw huge Volume Activity from 4th to 12th October 2021. - In that period 14.76 lac shares were delivered with an average of 1.84 lac shares/day with an average buying price of 548/- - Previous average deliveries were 37k shares/day. Financial Performance: - Stock beat its QoQ & YoY Quarterly numbers in Q2. - Sales Growth +50% QoQ & +21% YoY - PBT Growth +36% QoQ & +6% YoY - EPS Growth +41% QoQ & 8% YoY Fundamental Notes: - The company plans to expand its capacity from 45 MLPA to 90 MLPA. The project is expected to be completed by June-2022. That means the Co. will see the double output in 7-8 months. - Company Distil, Blend, Bottle & Market are some of the key brands of United Spirits such as Bagpiper, Blue Riband, Flavored Mischief, Director's special gold & McDowell's Rum. - The contract of this franchise has been extended up to April 2025. - Some other brands which are produced under contract manufacturing are Black Dog, Vat 69, Black&White, McDowells, Royal Challenge, Signature, etc.
NSE:ASALCBRLong
by AmanSaraf
BEL (Medium Term Study)Bharat Electronics Ltd. Chart Pattern: - Rounding Bottom Pattern Breakout - Price consolidating after breakout - Price at ATH - Price once came below the previous ATH levels, but didn't sustain even a day. Previous ATH levels now act as strong support for the price. - Price closed yesterday at ATH after crossing the previous swing high. Relative Strength: - Stock outperforming Nifty50 & its sector in 1w, 1m, 3m, 6m, 1y & 2y timeframe. - Stock is RS+ & RS in inclined upwards. - From the latest ARS date, the stock has outperformed the index by more than 20% - Stock's RS History is good. In previous years, whenever stock turned RS+ it gave good returns. Financial Performance: - Q2 witnessed Sales growth of 123% QoQ & 15% YoY - PBT growth stood at 4489% QoQ & 48% YoY - EPS growth stood at 2460% QoQ & 56% YoY - The Q2 numbers are not a turnaround. Since the company is a PSU and are manufacturers of defense items, therefore their quarterly results are cyclical in nature. - Company's Order book as of Q2 FY21 stands at 52,148 Cr with a fresh order inflow of 1,561 Cr. These orders are for the next 4 FYs. - As per DuPont 5 stage model. Cos. ROE is 19.2% Avg. - Company has zero debts as of last FY and their Net block and investments are increasing YoY along with the sales & net profits. At CMP, the stock price is around 15% away from the base of the last consolidation, so it's not overextended; it could offer a good RR in the long run. Being a PSU, this stock might be a slow grower, but it surely will be a grower. Worth keeping on a watchlist and studying thoroughly
NSE:BELLong
by AmanSaraf
INDOCO REMEDIES - Medium Term StudyChart Structure: - Broken out All-Time High (of 2015), pulled back, consolidated a bit, and now ready to go up. - Price in an uptrend since July 2020. Volume: - High volume deliveries this week. Up to 12.41 lac shares were delivered yesterday, whereas average deliveries are 1.23 lacs. - Yesterday saw the highest delivery of shares in recent times. Relative Strength: - Stock become RS+ on 19th April and continuously outperforming Nifty as well as Midcap since then. - Spread chart breakout happened yesterday. Financial Highlights: - Net Revenues saw 29.3% jump in QoQ & 43% YoY. - PAT increased by 59% QoQ & 130% YoY. - Co. is continuously increasing its revenues & profits at a medium pace, which tells us the financial health of the company is sound. - Indoco's Defensive & Enterprises EPS are also been positive throughout the years, which tells us that the company is able to sustain itself without taking any more debts & they are able to monetize their current expenditures for next few years. About Indoco: About Indoco Remedies Limited: Indoco Remedies Ltd., headquartered in Mumbai, is a fully integrated, research-oriented pharma Company with a presence in 55 countries. Indoco, a USD 166 million Company, employs over 6000 people including more than 300 skilled scientists. The Company has 9 manufacturing facilities, 6 of which are for FDFs and 3 for APIs, supported by a state-of-the-art R&D Centre and a CRO facility. The facilities have been approved by most of the Regulatory Authorities including USFDA and UK-MHRA. Indoco develops and manufactures a wide range of pharmaceutical products for the Indian and international markets. It generates more than 70 million prescriptions annually from over 3,00,000 doctors belonging to various specialties. Indoco has 9 domestic marketing divisions with a strong brand portfolio in various therapeutic segments. Indoco has tie-ups with large generic companies across the globe.
NSE:INDOCOLong
by AmanSaraf
Adani Power: Looking for alternative powerAdani Power CMP 47.35 - We observe a sudden surge in the stock from 34 odd levels to 64 - the red zone has acted as a major resistance zone since 2013 - it again acted as resistance and the stock has tumbled to 47 - this could be a case of pump and dump however at current levels of 47 the stock is at multiple support zone levels - & if the stock is able to hold on to this zone of 38-47, then the chart pattern has a strong probability to go past the big resistance zone around 66 in it's next attempt - once it crosses, doors would open up for movement towards 96 / 115 levels One may consider buying in staggered manner for medium to longer time horizon. Pattern gets invalidated if trades below 34 Take care & safe trading...!!! Disclaimer: - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - Do your own analysis and consult your financial adviser if need be
NSE:ADANIPOWERLong
by indiamarketoutlook
COFORGE, UP-CHANNEL BREAKOUT,PRICE-ACTION-VOLUME,1D,40%For a while now, COFORGE has been moving in up-sloping channel. It broke out of that channel with very high volume and retraced with very low volume and now with higher volume is continuing the move. Volume Profile -: Is used to identify important regions, support or resistance levels. When volumes are compared to historical levels, accumulation or distribution regions can be identified and we can enter before the up-move happens. So in NSE:COFORGE when I put the TRADING-VIEW-PRO FIXED RANGE VOLUME PROFILE I can easily spot the important regions since the rally started. Important Observations 1. Current volume of up-slope channel is comparable to historical accumulation volumes as we can see. So either current region is a distribution or accumulation. 2. To confirm we wait for a breakout above up-sloping channel. Which happened with high volume. Secondly current volume at price has more "green candle volume (blue)" and less "red candle volume (yellow)". So definitely it is an accumulation region and we should expect a big up-move. MY APOLOGIES Sorry for posting this a little late. But there is still plenty of space to enter TARGET Since the current volume levels at price is almost equivalent to previous accumulation level, so it makes sense to assume at least a move of magnitude equivalent to the previous rally. So I used Fib Extension for a min 100% target level. This is a provisional target level, the move can be even more than that since there has been multiple accumulation in between as is apparent in the Volume Profile. ENTRY 3583 was an important level, as per price action(strong rejection marking important resistance level). Entry can be taken at CMP or probable 1H timeframe close retracement towards 3583 level. STOP-LOSS A aggressive stop-loss could be the recent low ie 3205 level but a more conservative one could be 3042. **STOP-LOSS should be trailed as per your strategy. One of the best is to trail with Moving Average in 1D timeframe with ATR( Average True Range ) as a buffer. EXIT It doesnt make sense to exit at or around target since it is at a all time high and we should hold on to the move as much possible. So following can be the bearish signals to exit. 1. If there is bearish candlestick pattern in 1D timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1D timeframe, better to exit at close of 1D since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit **Whenever you want to use a BUFFER use ATR(14) Average True Range. **I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS ETC. TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO LIKE AND FOLLOW THE POST AND MY ACCOUNT. **YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES **ANY COMMENT OR QUESTION ON THE ANALYSIS WILL BE HIGHLY APPRECIATED. **FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. NSE:COFORGE
NSE:COFORGELong
by VPA_TRADER
TVS MOTORIn future we will see good move in TVS Motor. In weekly Chart very Soon we will see break out. Just note my label if in next trading day it cross 508 then we can see move upto 530 and if it cross 530 in future we will see target 700++. Those who are looking for swing trade or medium term investment then this is a very good stocks. Before taking any trades kindly consult ur financial advisor. Its my personal Opinion only. If we see the technical chart then RSI above 60 and ADX also rising.
NSE:TVSMOTORLong
by Trend_Trader_Hassan