Momentumstrategy
PRAKASH INDUSTRIES -A BREAKOUT : WILL IT SUSTAIN OR FIZZLE OUT ?Prakash Industries Ltd. is an interesting chart with following
1. Price Breakout from last 10 month's Consolidation
2. RSI on all time frames above 60
3. Narrowing Bollinger Bands with price walking on upper Bollinger Band
4. Price Rise with huge Volume bars
5. Major Support near 170- 192 zone
A stock to keep on Radar ; A breakout will it Sustain or fizzle out
CAUTION : RSI Negative Divergence visible on charts
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
VBL-An ATH breakout in super bullish FMCG stock VBL has been a consistent outperformer among FMCG stock in this bull run.
As we can clearly see, stock is forming a beautiful staircase pattern(continuous flag pole) during the uptrend.
Stock has given breakout in closing basis of ATH. A good stock for quick momentum traders.
Not a recommendation.
If interested, do check the chart of RVNL which has shown a similar staircase pattern in past.
Nifty50 Analysis w.r.t. SPXThe video analyses the Nifty50 w.r.t. SPX over the last 15 years.
How do identify Bullish & Bearish phases in the market?
When is the right time to short market?
How to diversify across Global markets?
How the Indian market (Nifty50) looks like in the near future, in context to Global markets (U S market in particular)
This is my first video, so please cut me some slack!
VIJAYA - 3 Months Consolidation Breakout - All Time HighVijaya Diagnostic Centre Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (May, 2024). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in Daily Time Frame.
3) The stock may find it's next resistance around the price (1030 - 15.80% from the price 889.30).
4) Recommendation - Strong Buy.
Barbeque NationTechnical Analysis:
Over the past year, the stock has maintained stability without experiencing any significant price dips. Notably, the price has been trading close to the 21-day Exponential Moving Average (EMA), while gaining solid buyer momentum on the weekly chart. Buyer momentum on the monthly chart also appears positive, reinforcing the overall bullish sentiment. Additionally, trading volumes show a marked increase in buyer interest compared to previous years.
Key Resistance Levels:
Three resistance levels have been identified. A breakout and sustained movement above the first resistance level (R1) will be crucial in signaling stronger upward momentum in the years ahead.
Potential Risks:
The primary risk to the stock’s upward trajectory is the possibility of a broader market correction, particularly influenced by uncertainty in the index and geopolitical tensions, such as the ongoing conflict between Israel and Iran.
Disclaimer:
This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
Wipro Ltd | A Strong IT Momentum StockWipro Ltd | A Strong IT Momentum Stock
Wipro Ltd is a global Information technology, consulting and business process services (BPS) company
Financial: strong
Market Cap = 2,41,673 Cr. ROCE = 17.7 % ROE b= 15.9 %
Debt to equity = 0.26 Promoter holding =72.9 % Quick ratio = 2.28
Current ratio = 2.29 Piotroski score = 5.00 Profit Var 3Yrs= 5.30 %
Sales growth 3Years = 14.0 % Return on assets = 10.1 %
you Can see clearly rounding bottom create and good consolidation already done since 2 years.
stock is at good price. also feb retracement is also support in level.
moreover all IT sector is ready become rocket bcz USA market is also in positive trend.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
Dr Lal Pathlabs Ltd| Diagnostics momentum StocksDr Lal Pathlabs Ltd| Diagnostics momentum Stocks
Dr. Lal PathLabs Limited is one of India’s leading consumer healthcare brand in diagnostic services. It has an integrated nationwide network, where patients and healthcare providers are offered a broad range of diagnostic and related healthcare tests and services .
Financial: Strong
Market Cap = 21,675 Cr. ROCE = 18.2 % ROE = 15.0 %
Debt to equity =0.17 Promoter holding = 54.6 % Piotroski score = 6.00
Sales growth 3Years = 14.9 % Profit Var 3Yrs = 1.81 % Return on assets = 10.2 %
Dr lal is now in strong momentum diagnostics stock. you can add in your watchlist and research on it.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
Paradeep Phosphates Ltd | AGRI Momentum StockParadeep Phosphates Ltd | AGRI Momentum Stock
Incorporated in 1981, Paradeep Phosphates Limited is a manufacturer of non-urea fertilizers and India’s second largest private sector phosphatic company.
Financial: strong
Market Cap = 6,264 Cr. Current Price = 76.8 Face Value = 10.0
ROCE = 11.0 % ROE = 11.0 % Debt to equity =1.14
Promoter holding = 56.1 % Quick ratio = 0.71 Current ratio = 1.06
Profit Var 3Yrs = 17.4 % Sales growth 3Years = 47.1 % Return on assets =3.38 %
here I discuss trending sector stock paradeep phosphates. I am technically bullish in this chart. stock is entered in unterritorial chart pattern. now we have to see how it works.
as well as stock financial is also good. And coming election would be also plus point for this agri sector stock.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
Gujarat Gas Ltd | Natural Momentum StockGujarat Gas Ltd | Natural Momentum Stock
Gujarat Gas Limited (GGL) is a government company u/s 2(45) of Companies Act 2013. Formerly Known as GSPC Distribution Networks Limited(GDNL), GGL is engaged in the business of Natural gas in India.
Financial : Strong
Market Cap = ₹ 38,216 Cr. ROCE = 31.2 % ROE = 24.2 %
Debt to equity = 0.02 Promoter holding = 60.9 %
Quick ratio= 0.64 Current ratio = 0.66 Piotroski score = 8.00
Profit Var 3Yrs = 8.45 % Sales growth 3Years = 17.6 %
Return on assets =14.9 %
This stock is mow in proper momemtum zone . you can see the price action now rounding bottom create and trying to start in upward direction.
everyone can watch this stock and do proper research before investing.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
LT FOODS - Health BO w/ 40% upside possibility!Overview & Observation:
1. Strong breakout
2. RRR is favourable
3. Moving with weekly demand
4. Momentum is strong.
Trade Plan:
Entry = 248
SL = 215
TP = 280, 300, 350++
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Swing Momentum stock 15 feb 2024Saregama India Ltd |Swing Momentum stock 15 feb 2024
Saregama is the oldest music label company from India (established 1902, erstwhile "Gramophone Company of India" & then "HMV"). The company is aiming to be a pure-play content company supported by the global consumption boom.
financial: strong
Market Cap = ₹ 7,546 Cr. ROCE =17.6 % ROE = 12.8 %
Debt to equity= 0.00 Promoter holding = 59.1 %
Quick ratio = 3.48 Current ratio = 4.24
Profit Var 3Yrs = 58.8 % Sales growth 3Years =12.2 %
this is really good momentum stock with strong financial.
Rsi is also in uptrend.in past there is good movement in huge volume.
this sector is always forever. so my view is long time bullish.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
Shaily Engineering Plastics Ltd| swing idea 15 feb 24Shaily Engineering Plastics Ltd| swing idea 15 feb 24
The Company is engaged in the manufacture and sale of injection moulded precision plastic components, sub-assemblies for various requirements of Original Equipment Manufacturers (OEM)
financial :strong
Market Cap = ₹ 2,122 Cr. ROCE = 11.4 % ROE = 9.15 %
Debt to equity = 0.49 Promoter holding =43.8 %
Quick ratio = 0.75 Current ratio = 1.12 Return on assets = 5.13 %
this stock is in momentum with heavy volume build up.
Rsi also in uptrend.
unique business model with trending plastic sector.
lets see how market recognize this stock.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
MOMENTUN SWING IDEA |DCM Nouvelle LtdMOMENTUN SWING IDEA |DCM Nouvelle Ltd
Incorporated in 1991, DCM Nouvelle Ltd is in the business of manufacturing and sale of cotton yarn
FUNDA1MENTAL: Medium
This stock is in momentum now. keep in radar and do further analyses for better knowledge.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
Momentum Swing Idea| Mallcom (India) LtdMallcom (India) Ltd
Established in 1983, Mallcom (India) Ltd. is an ISO certified and government-registered star trading house. The company is in the business of manufacturing Personal Protective Equipment and Industrial Safety products.
Financial =strong
Market Cap ₹ 649 Cr. Stock P/E 18.9 ROCE 20.5 %
ROE 19.9 % Debt to equity 0.45 Promoter holding 73.7 %
Quick ratio 0.88 Current ratio 1.49 Piotroski score 6.00
Profit Var 3Yrs 28.2 % Sales growth 3Years 12.6 % Return on assets 11.7 %
This stock is small cap with unique business . moreover fundamentally strong company.
as well as RSI took support on 55 range . in near time if market breath is positive than this stock will be next level or if it break the momentum zone than be cautious. everyone must take glance in this business idea. even this type of small cap stock make next multibagger .
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
swing idea for momentum |Dolat Algotech LtdDolat Algotech Ltd
Dolat Algotech Ltd is a trading cum clearing member of NSE India and carries on the business of securities broking and securities trading.
Fundamenal: strong
this stock is in momentum zone .this weekly chart and I will invest for short term or momentum goes over. keep in radar this stock.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
Computer Age Management Services Ltd| long term momentum investgComputer Age Management Services Ltd
The company is a mutual funds transfer agency. It provides investor services, distributor services and asset management companies (AMC) services.
Market Cap ₹ 20,023 C Current Price ₹ 4,070 Stock P/E 59.4
ROCE 48.4 % ROE 39.8 % Debt to equity 0.11
Piotroski score 7.00 Profit Var 3Yrs 24.8 % Sales growth 3Years 17.2 %
this chart is amazing as well as company doing great work. as per my view it will be next multibagger in no time.
keep in radar as do your own research befor investing.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
Momentum swing idea|Avenue Supermarts LtdAvenue Supermarts Ltd
venue Supermarts Limited (DMart) is a national supermarket chain, with a focus on value-retailing. We offer a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General Merchandise & Apparel product categories.
Fundamental : strong
Market Cap₹ 2,79,659 Current Price ₹ 4,298 Stock P/E 115
ROCE 20.1 % ROE 16.0 % Debt to equity 0.04
Promoter holding 74.6 % Quick ratio 1.08 Current ratio 3.52
Piotroski score 8.00 Profit Var 3Ys 22.5 % Sales growth 3Years 19.9 %
Return on assets 14.1 %
This is large cap stock with high momentum stock with FMCG sector in trend.
keep in radar. although stock PE is high but their sales is also improving since last some years.
lets how market react and closely watch stock performance.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. This is just educational purpose only. I am not responsible for any profit and loss. Do your own research before investing.
If you like my momentum strategy and ideas than like boost and follow me for more ideas.
Thanks and comment freely
ELIN - 1.5 Years Downtrend / Consolidation BreakoutElin Electronics Ltd
1) Time Frame - Weekly.
2) The Stock has been Consolidating since (February, 2023). Now It has given a Consolidation breakout & Closed with good volume & good bullish momentum candle in weekly Time Frame.
3) The stock may reach it's previous Life Time High (245 - 17.50% from the price 208.32).
4) Recommendation - Strong Buy.
THANGAMAYL - 10 Months Consolidation Breakout / All Time HighThangamayil Jewellery Ltd
1) Time Frame - Weekly.
2) The Stock has been Consolidating since (July, 2023). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in weekly Time Frame.
3) The stock may find it's next resistance around the price (2050 - 24.50% from the price 1646.10) .
4) Recommendation - Strong Buy.
PRECWIRE - 9 Months Consolidation Breakout / All Time HighPrecision Wires India Ltd
1) Time Frame - Weekly.
2) The Stock has been Consolidating since (September, 2023). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in weekly Time Frame.
3) The stock may find it's next resistance around the price (200 - 26.45% from the price 158.16).
4) Recommendation - Strong Buy.