Nagreeka Capital Limited is an Indian financial services companyNagreeka Capital Limited is an Indian financial services company that operates in the capital market segment. The company is primarily engaged in the business of investing in securities, providing advisory services, and managing portfolios. Nagreeka Capital focuses on equity investments, derivatives trading, and other capital market activities.
SPOT PRICE 21.5 RUPEES AS OF 1 JULY 2023 I CAN UNDERSTAND ITS NOT THAT EASY TO FIND UNDEROWNED SHSARE BECAUSE MARKET IS AT HIGHS STILL THIS SHARE CAN DO BETTER
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L&T FINACE HOLDINGHello & Welcome to this analysis
Stock has entered in the PRZ of a Bearish Harmonic Bat Pattern in the monthly time frame suggesting a retracement 135-115.
The pattern gets negated above 188 - X pt of the pattern.
Since this is a monthly structure it could see a longer period of consolidation before it either does a distribution and dips down or after a sideways accumulation breaks on the upside.
Downward trigger level currently is at 155 on weekly basis.
Safe trading & investing
Shriram Transport Chart Analysis !!📈 Shriram Transport 📉
This Stock Broke out from a Resistance zone of 1140-1155 after testing two times this range on upside with a strong green candle. If you look closely this resistance also use to be a support in Dec Jan Fab. So It makes this a Strong breakout.
You Can Ride This Stock for Long run.
Bias - Long
Target - 1283, 1402, 1505, 1667
SL - 1085
RR- 1 : 5
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
L&T Finance Holding Chart Analysis !!📈 L&T Finance Holding 📉
Today broke out from a Resistance Zone after testing three times and also broke out from a downtrending Trendline Zone which is coming from all time high, It means it has come out from larger bear trend however a major swing yet to crossed on closing basis.
Long time frame chart is attached below at end.
On Buy Side I am looking for Targets of 94, 99, 112
StopLoss should be kept at 75.
It offers 1:2 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
M&M Finance Chart Analysis !!📈 M&M Finance 📉
My Findings :-
1. Breakout from resistance zone.
2. Close Above 3 Months High.
Bias- Long
Target- 202 and 221
SL- 156
RR- 1: 2
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
BAJAJ Finance Ltd. Chart Analysis !!📈 BAJAJ Finance Ltd. 📉
This Stock Broke out from a Resistance zone of 7200-7300 after testing two times this range on upside with a strong green candle. Yesterday Also tried but all sold off as you can see in chart.
Bias - Long
Target - 7852 to 7933
SL - 7008
RR- 1:1
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Bajaj Finserv Chart Analysis !!📈 Bajaj Finserv Ltd. 📉
This Stock Broke out from a resistance zone of 16500-16750 which was tested several times and today managed to close above it.
Bias - Long
Target - 18378, 19078
SL - 16100
RR- 1:2
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Developing Technical & Fundamental outlook on HDFC, BUY or SELL?After the news of HDFC’s duo merger, the Market cheered and the price shot up. Now it’s back to the breakout point after the huge rise.
Is it a good level to buy?
Let's get into the Technical outlook first, then, we will explore the fundamental view of the merged entity.
Technical Outlook:
Bullish signals
• Inverse Head & Shoulder pattern formation
• Breakout of neckline & Retest
Bearish Signals
• Price could not sustain breakout of Major Resistance @ 2506 & trading below Psychological level @ 2500.
• Indicators showing weakness.
The chart has formed an Inverse Head & shoulder pattern.
This pattern is considered a continuation pattern and a breakout above the neckline is a bullish signal.
The Gap up and volume spike was due to the HDFC duo merger news.
Price is back at the breakout level and retesting the neckline support.
One key thing to notice on the chart is the Major S&R line at 2506. The price could not sustain above this level and currently trading below the psychological level of 2500.
Overall Technical outlook – Neutral, Wait for buy/sell signal
For Intraday/ Swing Trade purpose:
Two important levels are - Horizontal Resistance at 2506 & the Neckline Support at 2435.
If the price breaks down below 2435:
Sell at the next red candle or at the retest of breakdown near 2435.
SL - above the Major Resistance 2506.
If the price breaks out above 2506:
Buy at the next green candle or at the retest of breakout near 2506.
SL - Below Neckline support 2435
Target/ Exit Level – Trailing SL
We'll get correct levels only when the breakout happens under suitable conditions. There are multiple possibilities. The price may go up, down, or sideways.
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Fundamental Outlook:
The HDFC duo has a track record of good business practices and customer service.
The future looks promising for the merged entity.
Reason?
Home Loans are secured loans as the house is kept as collateral.
Banks love this segment as they have the benefit of cash deposits which are available at lower rates, and they can offer cheaper home loans than NBFCs.
But HDFC Bank could not aggressively participate. All they did was assign these home loans to HDFC for a small fee.
Why do you ask? Because they would be directly competing with HDFC if they did.
The merged entity will have the benefit of:
1) Cash deposits at significantly lower rates which will help offer cheaper loans
2) The customer base of HDFC bank
3) HDFC Bank will have the freedom to aggressively sell these loans.
Key Risks:
HDFC Bank has always played safe by keeping a lower concentration of loans in the higher-risk segments. It even survived the collapse of debt-ridden infrastructure companies in the 2000s.
It seems that this strategy is changing. This press release says:
www.hdfcbank.com
A lot of mergers don’t work as expected. There could be many reasons for this to happen.
Regulatory issues, Systematic problems, market conditions.
Although the business outlook is strong, what matters more for intraday/ swing trade is the technical figures on the price chart.
I will be following the price movement closely and take a trade when I get a signal.
I will also post it here, so follow me and stay tuned for the next update.
Post your comments. Let’s have a discussion.
Happy trading. 😊
Co-Authors:
in.tradingview.com
in.tradingview.com
Disclaimer:
This is not buy/sell advice. Please do your due diligence before making any trading decision or consult your financial advisor.
Sharing my analysis and thoughts for a stronger and healthier community. Cheers
Perfect Buy Position for HDFCReasons to buy NSE:HDFC :
1. Reverse Head and Shoulder
2. Bullish divergence(Which is very rare confirmation signal )
3. RSI above 50
4.Fibbonacci support of 38%.
Buy in the given range only, maintain SL and Stick to the system .
CHOLAFIN Rebound from Support; LONG TRADECholamandalam Investment has been following a parallel channel. It recently touched upper band and corrected down to the lower band of this channel. The support stands at levels of 577-580. You can Go LONG Here, and exit this trade at upper band of the channel. Also, this stock has been consolidating for long, after a strong bullish movement. The breakout of this channel can lead the stock to scale NEW HIGHS. I am personally Bullish on this trade!
** I am not SEBI registered, kindly consult your advisor before taking trade.**
BO in IBULHSGFIN.There is an Ascending Triangle Pattern Breakout given by IBULHSGFIN on this Friday on weekly chart. So, I think we can see more upside levels on this counter.
First Targets :- 310
Second Target :- 360
Third Target :- 425
Stop loss as per risk appetite. Support is around 220.00
Sundaram Finance : Ready to fly (Pole and Flag pattern)Sundaram Finance is a leading NBFC belonging to Sundar Group.
The stock has jumped to 2800 levels and then started retracing. Currently, it has got multiple rejections from the upper trend line and it is now ready to breakout.
Above 2500 level it can again go higher to 2800 level again.
All the levels are mentioned on the chart.
DISC: Please consult your advisor before making any bet. For educational purposes only.