Purvankara-A beautiful chance for 2x returns!Realty sector is booming with most of large cap stocks already crossing its ATH levels.
Purvankara projects is one of the best trade in realty sector which can give you 2x returns from here.
Stock had given volume breakout and has retested its breakout last week.
If we see a continuation move from here, big targets can be expected.
Please note that realty sector is a risky sector and most of companies have high debt policy , hence safe investors should prefer to stay away from these companies.
However, trading in these companies can give good returns when sector is booming, so book your profits if it is a trading bet.
Multibagger
GRInfra-An underperforming gem stock!GRInfra has given a symmetrical triangle breakout of a big consolidation.
Stock has been underperforming since quite few years and stock can fly if breakout is successful.
Stock has got amazing fundamentals and is a gem stock for long term.
Investors who believe in India's infra story should not miss this stock.
Jupiter wagons- Charged up for new bull run!Jupiter wagons has been one of the multibagger stock from railway theme.
Stock has given 5x returns in less than a year.
Stock has recently cooled off and now looking ready for another wild move.
Risky traders only should enter such stocks with less quantity since such stocks get locked in lower circuits as well.
Are you ready to catch this explosive stock?
Do follow me if you like my analysis!
Amrutanjan Health Care Ltd | Momentum stockAmrutanjan Health Care Ltd
AHCL has been manufacturing ayurvedic balm for pain management since 1893, and is currently managed by the third-generation of promoters. The company is more than 120 years old and is into OTC products in the segments of pain management, women's hygiene, and packaged fruit juice drink.
Fundamentals: strong
Market Cap₹ 2,238 Cr. Current Price₹ 774 Stock P/E 50.8
ROCE 19.3 % ROE 14.3 % Debt to equity 0.00
Promoter holding 50.6 % Industry PE 29.3
Quick ratio 2.86 Current ratio 3.22 Piotroski score 5.00
Profit Var 3Yrs 16.6 % Sales growth 3Years 13.2 % Return on assets 11.2 %
This stock is fundamentally strong stock as well as its in momentum with high volume.
keep eye on it and do more 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 feel free to comment.
Digvijay cement-A multibagger in making?Digvijay cement has given a beautiful cup and handle pattern breakout.
Recently, sock has also retested the breakout and formed huge bullish marubozu candle in weekly time frame.
Stock is looking very strong for a big bull run ahead.
Stock has good fundamentals as well and can be held for long term as well.
It is a good stock for multibagger investment as cement sector will definitely grow with growing infra and realty sector.
Ratios at CMP are attractive
PE ratio is around 18, Dividend yield is above 3%.Zero debt company.
ROE, ROCE is above 20.
Current ratio is above 1 and Price to sales is just around 2.
SMCGlobal-A breakout done for multibagger returns?SMCGlobal is a small cap company which is involved in broking related activities.
As we know, share market industry has big potential, this company has big scope to grow exponentially.
Technically, stock has given ascending triangle breakout and has completed retest of same.
Risky investors should not miss this opportunity of making multibagger returns.
Stock is ready for a big bull run once 150 is crossed.
If you like my analysis, please follow me for more such interesting ideas.
Team Lease Services Ltd | Momentum Swing IdeaTeam Lease Services provides employment related services. It provides solutions for staffing, recruitment, training, payroll processing and regulatory compliance.
Market Cap ₹ 5,371 Cr. Current Price ₹ 3,195S tock P/E 50.4
ROCE 13.9 % ROE 14.4 % Debt to equity 0.14
Promoter holding 31.6 % Quick ratio 1.36 Current ratio 1.36
Piotroski score 5.00 Profit Var 3Yrs 45.9 % Sales growth 3Years 14.8 %
Pledged percentage 1.59 % Return on assets 6.54 %
This is momentum stock with unique business and future growth perspective great stock.
RSI also in positive trend ,if it sustained stock makes new high. This stock is make rounding bottom on top . so keep this stock in your watch list.
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 feel free to comment.
multiyear multibagger potential breakout*multiyear breakout after 8 years
*falling wedge pattern confirms that price will shoot up like a rocket in a very fast speed Stock did breakout before 3 months but price started to consolidated as it needed to
re-test the resistance level
*now its the same story like national aluminum and other stocks like oil
*fundamentals and technical both are strong
for educational and learning purpose only
im not sebi registered
kindly consult your financial advisor before investing
Positional trade projected multibagger stock I already made 100% Profit in this stock from 47 to 107 rs now the price is ready to move above for next positional trade, it will take some more days sideways or you can expect another -5% downside because the stock is listed in ESM list you will able to see it's impact on the stock price.
Today wewin got 110 Cr project from UP govt add positive to this stock.
Caution because the stock is low liquidity.
trade with your own risk, I'm not registered sebi advisor.
your trade, your risk, your profit, your loss. no blame no game.
Tesla for long termTesla is expected to be purchased at around 127 dollars with a target of over 200% increase. I am looking at this investment with a long-term perspective. If the price drops to my buying level, I will definitely consider investing a significant amount. I have already initiated my investment and anticipate a further 20% decrease. It will be interesting to see how my prediction plays out.
Tata elxsi-You shouldn't miss this breakout!Tata elxsi is one of stock from Tata groups to deliver multibagger returns in last 4 years.
Stock has strong fundamentals and is available at a decent valuation.
All long term investors shouldn't miss this opportunity to accumulate this stock.
Breakout of consolidation is already done. A follow up bullish candle can be expected next week.
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.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
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.
If you like my ideas than like boost and follow me for more ideas.
Thanks and feel free to comment .
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