D P Wires Ltd| Momentum Swing IdeaD P Wires Ltd is engaged in the manufacturing of Steel Wires, Plastic Products, Laying of Plastic Films, Acting as a Commission Agent and Generation of Power through Wind Mill
Financial:
Market Cap ₹ 830 Current Price ₹ 535S tock P/E 20.0
ROCE 32.0 % ROE 23.9 % Debt to equity 0.15
Promoter holding 74.8 % Quick ratio 2.42 Current ratio 2.82
Profit Var 3Yrs 35.2 % Sales growth 3Years 62.4 %
Piotroski score 7.00 Return on assets 18.3 %
This stock is in momentum as well as strong fundamental. keep in your watchlist.as well as unique business. This stock is based on Indian growth theme.
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.
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Multibagger
Latent View Analytics Ltd| Swing + long term investingLatent View Analytics Ltd provides analytics services such as data and analytics consulting, business analytics & insights, advanced predictive analytics, data engineering, and digital solutions. The company provides services to blue-chip companies in Technology, BFSI, CPG & Retail, Industrials, and other industry domains
Financial:
Market Cap₹ 11,158 Cr. Current Price ₹ 542 Stock P/E 75.6
ROCE 16.7 % ROE13.8 % Debt to equity 0.02
Promoter holding 65.4 % Quick ratio 15.8 Current ratio 22.9
Piotroski score 5.00 Profit Var 3Yrs 31.8 % Sales growth 3Years 20.2 %
Return on assets 13.0 %
This stock is recently published and you can see long downside cover with rounding bottom and clear cut straight away RSI in strong Momentum .keep close watch on this .Data and Analytics is the Future of India. so keep invest on India and make wealth.
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.
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Comprehensive Analysis of Reliance Power Limited (RPOWER)Overview:
Reliance Power Limited (RPOWER) has recently exhibited significant price action, forming a cup and handle chart pattern, which typically signifies a substantial bullish trend. Coupled with strong volume and positive indicators across multiple timeframes, the stock presents a compelling opportunity for investors.
Cup and Handle Pattern:
The cup and handle pattern on RPOWER's chart has matured over a span of more than 5 years, indicating a long-term bullish setup.
A breakout from this pattern occurred recently, accompanied by substantial trading volumes, signaling strong buying interest.
Elliott Wave Analysis:
Elliott wave analysis suggests that the stock is potentially entering the 3rd wave of the 3rd wave, implying a powerful bullish move.
This wave analysis further supports the bullish bias observed in the cup and handle pattern.
Technical Indicators:
Volume Confirmation: The retracement following the breakout maintained higher lows, with the cumulative volume of 10 candles lower than that of the breakout candle, indicating sustained buying pressure.
Bollinger Bands: RPOWER is challenging the upper Bollinger Band on both daily and weekly timeframes, suggesting strong upward momentum.
Trend Indicators: Positive crossovers on trend indicators across multiple timeframes signal a bullish trend.
RSI and ADX: RSI supports the bullish bias, and ADX indicates increasing strength in the uptrend, with +DI confirming a bullish trend.
Trade Strategy:
Entry Points: Consider initiating long positions at current levels or on pullbacks, with potential entry points around the upper bands of the cup and handle pattern.
Invalidation Level: Set the invalidation level below the last swing low, providing a clear risk management strategy.
Price Targets: Upside price targets based on the cup and handle pattern suggest levels of 49+, 73+, and 99+ for Long Terms.
Risk Management: Emphasize the importance of risk management techniques, including stop-loss orders and position sizing, to mitigate potential losses.
Conclusion:
Reliance Power Limited (RPOWER) exhibits a strong bullish setup, characterized by the cup and handle pattern, supported by volume analysis, Elliott wave analysis, and positive technical indicators across multiple timeframes. However, investors should conduct their own research and exercise caution, adhering to risk management principles. This analysis is for educational purposes only and does not constitute financial advice or trading recommendations.
Disclaimer: This study is shared for educational purposes only and should not be construed as investment advice or trading tips. Investors should perform their own analysis and consult with financial professionals before making investment decisions.
I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
PSP Projects AnalysisHey Guys,
Here is the analysis of PSP Projects. An undervalued firm, it's a small-mid cap stock however, as per the analysis conducted by my team and I, we've picked this stock.
We've got a view from Short term to Long term for this one.
Here are the details-CMP- 632.45
Targets:
Short Term (upto 2 months)- 701
Medium Term (6 Months to 1 year)- 742
Long Term (more than 1 year)- 805
It would be ideal to have a Trailing Stoploss of 557. (Trailing refers to changing your stoploss as targets are achieved).
Let me know what you think about this one.
RICOAUTO - 19 Years High / Multiyear BreakoutRico Auto Industries Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (January, 2005). Now It has given a Multiyear (19Y) consolidation breakout & Closed at it's All Time High with strong bullish momentum candle & with Life Time High Volume in Weekly Time Frame.
3) The stock will find it's next resistance around the price (150).
4) Recommendation - Strong Buy
Momentum Swing Idea| ITC LtdITC Ltd
as you all know it stablished in 1910, ITC is the largest cigarette manufacturer and seller in the country. ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri Business.
Fundamental = strong
Market Cap ₹ 5,23,098 Cr. Current Price ₹ 419 Stock P/E 25.6
ROCE 39.0 % ROE 29.1 % Debt to equity 0.00
Promoter holding 0.00 % Quick ratio 1.73 Current ratio 2.73
Piotroski score 6.00 Profit Var 3Yrs 7.41 % Sales growth 3Years 12.8 %
Return on assets 23.8 %
This is purely technical analysis and perfect 21 day moving average support .Moreover company is in growing and stable phase .keep in radar .
monthly RSI above 55 and its seems to be reversal signals . if market in uptrend move than this stock will be in uncharted territory.
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.
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Momentum swing idea|Vidhi Specialty Food Ingredients LtdVidhi Specialty Food Ingredients Ltd
Vidhi Specialty Food Ingredients Limited, incorporated in 1994, is a leading manufacturer of Superior Synthetic and Natural Food Grade Colours. The company is Asia’s 2nd largest food colour manufacture
Fundamental :Strong
Market Cap ₹ 2,367 Cr. Current Price ₹ 474 Stock P/E 67.9
ROCE 17.6 % ROE 16.2 % Debt to equity 0.15
Promoter holding 64.3 % Quick ratio 2.08 Current ratio 3.00
Piotroski score 6.00
Profit Var 3Yrs 3.57 % Sales growth 3Years 21.6 %
Return on assets 11.1 %
This stock is already in momentum zone also look at reversal up move momentum.
if its continue we have to keep watch it closely.
although food colour business is in trend since long time.
keep in radar.
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.
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Momentum swing idea| Rallis India LtdRallis India Ltd
Rallis India, a Tata Group company Group Co., has a history of over 150 years. The company is into manufacturing of Agrochemicals and is present across the value chain of agriculture inputs - from seeds to organic plant growth nutrients. Rallis is also in the business of contract manufacturing for global corporations.
Market Cap ₹ 5,597 Cr. Current Price ₹ 288 Stock P/E 56.4
ROCE 7.77 % ROE 5.37 %
Debt to equity 0.07 Promoter holding 55.1 %
Quick ratio 0.96 Current ratio 1.69 Piotroski score 6.00
Profit Var 3Yrs -19.6 % Sales growth 3Years 9.63 %
Return on assets 3.25 %
This stock is in momentum right now. also good fundamental.
keep in radar .
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.
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Momentum swimg idea| Control Print LtdControl Print Ltd
ontrol Print Ltd is involved in development, research, manufacturing, and marketing of printing machines, spare parts, consumables (fluids) and associated services. Company’s manufacturing facility for printers and consumables are located at Nalagarh (Himachal pradesh) and Guwahati (Assam) respectively
Fundamental : Strong
Market Cap ₹ 1,598 Cr. Current Price ₹ 999
Stock P/E 27.7
ROCE 23.0 % ROE 19.1 %
Debt to equity 0.02 Promoter holding 52.7 %
Quick ratio 2.77 Current ratio 4.12 Piotroski score 8.00
Profit Var 3Yrs 20.8 % Sales growth 3Years 16.0 %
Return on assets 15.1 %
This stock is in momentum with strong fundamental.
debt free stock with reasonable price also in good business.
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.
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Momentum Swing idea| K P R Mill Ltd K P R Mill Ltd
K.P.R. Mill is engaged in one of the largest vertically integrated apparel manufacturing Companies in India.
Market Cap ₹ 27,314 Cr. Current Price ₹ 799 Stock P/E 34.1
ROCE 24.4 % ROE 23.4 %
Debt to equity 0.21 Promoter holding 73.8 %
Quick ratio 2.33 Current ratio 3.99 Piotroski score 5.00
Profit Var 3Yrs 29.5 % Sales growth 3Years 22.6 %
Return on assets 15.4 %
This stock has good fundamental with weekly in momentum RSI above 55 .
this is debt free company. Keep in radar
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.
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Momentum Swing Idea| ICICI Prudential Life Insurance Company Ltd ICICI Prudential Life Insurance Company Ltd
ICICI Prudential Life Insurance Company Ltd carries on business of providing life insurance, pensions and health insurance products to individuals and groups.
Market Cap ₹ 83,099 Cr. Current Price ₹ 577
Stock P/E 91.1 ROCE 10.0 % ROE 8.45 %
Debt to equity 0.11 Promoter holding 73.3 %
Quick ratio 1.10 Current ratio 1.10 Piotroski score 5.00
Profit Var 3Yrs -8.65 % Sales growth 3Years 33.0 %
Return on assets 0.33 %
This in in momentum stock with brand recognition. This purely chart pattern analysis.
Rsi above 55. keep in radar.
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.
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Momentum Swing Idea| Large Cap chemical StockTata Chemicals Ltd
Incorporated in 1939, Tata Chemicals Ltd manufactures and exports basic chemistry and specialty products
Financial : strong
Market Cap ₹ 30,007 Cr. Current Price ₹ 1,178
Stock P/E 17.3 ROCE 11.6 % ROE 12.0 % Debt to equity 0.28
Promoter holding 38.0 % Quick ratio 0.79 Current ratio 1.22
Piotroski score 9.00 Profit Var 3Yrs -30.9 % Sales growth 3Years 17.5 %
Pledged percentage 0.00 % Return on assets 6.93 %
this stock from large cap with well known trusted brand . also in momentum with huge volume.
please read this chart and make some sense.
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.
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FranklinInd "Next Multi bagger" Can be a jackpot, Now or Never.Rule of warren buffet - invest in strong fundamental penny stocks and leave it.
This stock looks attractive at this price range.
The fundamentals are very good, It is performing very good if you see the profits are increasing YOY and QOQ.
I have mentioned values on charts.
Good for investing for short term and long term for multi bagger.
Please go through the fundamentals of the company, which are so strong to me balance sheet seems clean and this company has large scope to expand.
IRB | Multiyear breakout📊 Details
IRB Infrastructure Developers Ltd is an infrastructure development and construction company in India with extensive experience in the roads and highways sector. It is also in other business segments in the infrastructure sector, including maintenance of roads, construction, airport development and real estate.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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Momentum Swing idea| Fairchem Organics LtdFairchem Organics Ltd
Fairchem Organics Limited was established in 2019, wherein Fairchem Speciality Limited (FSL) transferred the businesses of Oleo chemicals and nutraceuticals as per the scheme of demerger. engaged in manufacturing of specialty chemicals like dimer acid, linoleic acid, mixed tocopherol concentrate and sterols concentrate, which find application in various industries like nutraceuticals, paints, printing ink, detergents, adhesives, etc.
Financial:strong
Market Cap= ₹ 1,825 Cr. Stock P/E = 45.0
ROCE = 21.5 % ROE = 17.7 % Debt to equity = 0.13
Promoter holding = 58.9 % Quick ratio = 1.30 Current ratio =2.71
Profit Var 3Yrs = 7.59 % Sales growth 3Years = 28.4 % Return on assets = 13.1 %
This stock is now in high momentum RSI : 57
since long time consolidation finally stock seen upward move and pharma sector is also in favor.
we can see high volume with price.
Company has a good return on equity track record
Company has been maintaining a healthy dividend payout of 19.4%
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.
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MOMENTUM SWING IDEA 15 FEB 24Balaxi Pharmaceuticals Ltd| MOMENTUM SWING IDEA 15 FEB 24
Balaxi Pharmaceuticals Ltd is an IPR-based pharmaceutical Company engaged in producing, stocking, selling, and supplying branded and generic medicines
Financial: strong
Market Cap =₹ 639 Cr. ROCE = 38.5 % ROE = 32.2 %
Debt to equity = 0.12 Promoter holding = 71.2 %
Quick ratio = 1.40 Current ratio = 2.93
Profit Var 3Yrs = 96.0 % Sales growth 3Years =94.6 % Return on assets = 22.1 %
This is pharma sector stock with strong fundamental. Pharma sector is in momentum so I select this stock to ride. Rsi is also showing positive trend. lets see how market recognize 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.
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Shaily Engineering Plastics Ltd| Momentum StockShaily Engineering Plastics Ltd| Momentum Stock
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= medium
Market Cap = ₹ 1,907 Cr. ROCE = 10.5 % ROE = 7.87 %
Debt to equity = 0.51 Profit Var 3Yrs = 8.31 % Sales growth 3Years = 21.3 %
Return on assets = 4.41 %
This stock is now in momentum as well as chart is looking very good.
but fundamental is little bit medium. but product range is future oriented.
this ia debt free company.
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.
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ATULATUL
First of time , my technical knowledge that good support on chart price and technical analysis the stock will definitely reach the given targets in few days and hope that our expectations will be fulfilled.
holdings :-)))
a) Promoters 45%
b)FIIs & DIIs 35%
c) Public 20 %
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"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏
Jubilant Food : Multi Year Breakout !! Potential multibagger !!Jubilant Food is making falling wedge and now given the breakout.
After breakout prices are correcting. But we can make a huge position because it's multi year breakout
We can clearly see prices halt there.
Now from hereon we can see 650 levels and 800 levels in months to come !!
Buy on Dips !!