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Nifty50

Alcoholic Beverages has given Long Consolidation period BreakoutHello everyone, i have brought a stock which has given huge breakout after 6 years consolidation. Stock name is G M Breweries Ltd,and it has set up in 1981 manufactures and markets Alcoholic Beverages such as Country Liquor (CL) and Indian-made Foreign Liquor (IMFL). The Co. has a monopoly in country liquor in the districts of Mumbai, Thane & Palghar. It is the single largest manufacturer of country liquor in the State of Maharashtra with a sizable market share. Market Position:- The Company contributes about 25-30 % of the total Excise duty for country liquor in the whole of Maharashtra. Brand Portfolio:- The Co brands include names like G.M.Santra, G.M.Doctor, G.M.Limbu Punch, and a few more. Manufacturing Facilities:- The Co has a fully automatic plant at Thane, Maharashtra with a capacity to produce about 50,000 cases a day from 200 cases a day at the start. The company has capacity to process 13.76 crore bulk litres of country liquor per annum out of which only about 53.79% has been utilized in FY24. Difficulties:- The Co. has been facing difficulty also due to very high levels of taxation and frequent changes in laws. Its main raw material ‘Rectified Spirit’ faced high fluctuations in price and was short in supply. Recent Developments:- The concentration has been mainly on country liquor in FY24, also due to competitive market conditions in the IMFL segment. The Company has been making steady progress in the business of country liquor during the past years. Market Cap ₹ 2,118 Cr. Current Price ₹ 927 High / Low ₹ 948 / 440 Stock P/E 14.3 Book Value ₹ 361 Dividend Yield 0.65 % ROCE 23.5 % ROE 19.6 % Face Value ₹ 10.0 Industry PE 33.6 Debt ₹ 0.00 Cr. EPS ₹ 66.5 Promoter holding 74.4 % Intrinsic Value ₹ 716 Pledged percentage 0.00 % EVEBITDA 11.5 Change in Prom Hold 0.00 % Profit Var 5Yrs 12.6 % Sales growth 5Years 5.80 % Return over 5years 16.7 % Debt to equity 0.00 Net profit ₹ 152 Cr. ROE 5Yr 17.0 % Profit growth 55.2 % Earnings yield 9.80 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:GMBREWLong
by TraderRahulPal
NIFTY50 - Weekly Index Analysis - 9th July #nifty50 NIFTY50 Update (as on 9th July, 2024) - Here's an updated analysis on a Weekly Time Frame - As mentioned, if the Nifty rises above these levels; then keep booking your profits in time. Holding your capital is better than holding onto an unnecessary extended loss - Since Nifty is at a psychological level we need to start being extremely cautious and mindful about our portfolio holdings - As always, please keep your SL in play for new positions and for exisiting positions keep your TSL tight - If there is a correction that happens and you'll are sitting on capital, then choose your swing trades wisely at supports zones and position size mindfully - And always remember that corrections are good and should be welcomed for bigger growth and stronger upward moves - India's Growth story will still be on track * Disclaimer Become Emotionless & Trade Ryte #nifty50 #weeklyanalysis
NSE:NIFTYLong
by TradeRyteStockz
NIFTY Intraday Trade Setup For 10 Jul 2024NIFTY Intraday Trade Setup For 10 Jul 2024 Bullish-Above 24450 Invalid- Below 24400 T- 24555 Bearish-Below 24350 Invalid-Above 24400 T- 24230 NIFTY has closed on a bullish note with 0.46% gain today. Last day we discussed that it formed a Pinbar candle in daily TF and expectation was for a bullish move above 24350. We almost gat 90 points move in favor. Tomorrow in case there is a gap down and day ends near day low then bears will take charge in short term. However I have been updating that bullish sentiment will change when it closes below PDL. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 24450 then we will long for the target of 24555. For selling we need a 15 Min candle close below 24350. T- 24230. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 9 Jul 2024NIFTY Intraday Trade Setup For 9 Jul 2024 Bullish-Above 24350 Invalid-Below 24300 T- 24550 Bearish-Below 24230 Invalid-Above 24280 T- 24030 NIFTY has closed on a flat note today, complete rangebound session within 100 points range. It has formed a Pinbar candle in daily TF. Above today's high there can be a good upside move towards 24550 as per 1.618 extension plotted. Since the daily candle is a price rejection candle and represents bullishness, below its low 24230 there can panic selling move towards 24k zone. Sentiment is bullish till it closes above PDL. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 24350 then we will long for the target of 24550. For selling we need a 15 Min candle close below 24230. T- 24030. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 8 Jul 2024NIFTY Intraday Trade Setup For 8 Jul 2024 Bullish-Above 24410 Invalid-Below 24360 T- 24590 Bearish-Below 24160 Invalid-Above 24210 T- 23985 NIFTY has closed on a slight bullish note with 1.3% gain last week. Its been 22 consecutive sessions, after 4th Jun fall index has been under bull's grip. As said last week we will get a hint of weakness of bulls only when index will close below PDL in daily TF. However we will need more confirmation of price bend which is a bearish price action in daily TF to call it a reversal. 24410 can be a good trigger to another bullish move towards 24590. 24410 and 24160 will be zone to watch out for breakout. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24410 then we will long for the target of 24590. For selling we need a 15 Min candle close below 24160. T- 23985. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 5 Jul 2024NIFTY Intraday Trade Setup For 5 Jul 2024 Bullish-Above 24410 Invalid-Below 24360 T- 24590 Bearish-Below 24280 Invalid-Above 24330 T- 24090 NIFTY has closed on a complete flat note today. It opened with 80 points gap up and ended at buy level. Till now we have been closing above PDL, close will PDL will give us a hint that bulls are not much interested. But in terms of trading executions we need bearish price action in daily TF after closing below PDL. Chances of a cool off is high as tomorrow is last session of the week, people may book longs as the whole week was in favor. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24410 then we will long for the target of 24590. For selling we need a 15 Min candle close below 24280. T- 24090. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty 50 Intraday Trade Setup: Breakout Potential with TargetsThe chart shows the Nifty 50 Index on a 15-minute timeframe, displaying a potential long trade setup based on technical analysis. Key features include: Entry Point: The recommended entry point is at 24,247.20. Stop Loss: Positioned just below the entry point at 24,237.95. Targets: Three target levels are marked: Target 1: 24,267.75 Target 2: 24,294.65 Target 3: 24,356.00 Trend Analysis: The chart highlights a trendline with multiple touches, indicating a possible support level. A previous low and two subsequent touches reinforce this trendline's significance. Volume: The volume at the time of the chart is 25.097M, indicating active trading.
NSE:NIFTYLong
by OptimaltradeX
HDFC Bank retesting the break out zone, looks bullish. The stock looks bullish as per the price action. There was a consolidation and a break out after a gap up opening creating a gap. It has retest the break out zone and the gap is filled. HDFC Bank has taken a good support from 1480-90 zone as there is a confluence of 200 ema, retest and fib retracement levels. Entry :- Above 1528 Possible Targets :- 1556, 1588 Swing/positional targets in the stock are even more. As the entry in the stock will be created the targets will be revised with trailing the SL/. Wait for the price action on the bullish side for the entry.
NSE:HDFCBANK
by Mambotrade
Nifty weekly expiry analysis for 04/07/2024.Nifty on the daily time frame has formed a doji after a good gap up opening. Market is travelling on the upper side which is a good sign for the trader waiting for a shorting opportunities. Today it remained in a range from the lower range of 24230 to upper range of 24300. If there is a flat to slight gap down opening, the market will opening this range and trader can be initiated once the levels are breached. In case of a huge gap up opening, there are chance of profit booking or retesting the current resistance zone. Major Resistance :- 24300-310 Support levels :- 24240, 24180 Tomorrow is the weekly expiry for the index and this week the expiries had decayed at a certain levels after initial hour movements. The consolidation today is the good sign for intraday traders and a break down can be traded with more conviction. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
NIFTY Intraday Trade Setup For 4 Jul 2024NIFTY Intraday Trade Setup For 4 Jul 2024 Bullish-Above 24310 Invalid-Below 24260 T- 24450 Bearish-Below 24200 Invalid-Above 24250 T- 23975 NIFTY has closed on a bullish note with 0.67% gain today. Whole gain is however contributed through gap up and Large cap banks move. Index will be bullish till it closes above PDL and when it will close below PDL then bullish sentiment will be changed to bearish. However confirmation will be a bearish price action in daily TF. Tomorrow's best trade will be on today's range breakout. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24310 then we will long for the target of 24450. For selling we need a 15 Min candle closes below 24200. T- 23975. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY50Currently Nifty50 is moving in an ascending channel however the angle of its ascent is a little more for to be comfortable with. One of these resistances should be the ideal spot for it to take a breather according to me. -We are so far only talking about a normal healthy retracement. - Correction / Crash was never and can never be precisely predicted. When the final support of the retracement fails, that is when panic kicks in to drive the correction/crash. So be watchful because a stitch in time saves nine.
NSE:NIFTY
by CannySunny
GM infra; Take a look; min 40% Roi; shortterm investment;Huge potential is there. For short term investment ; Leave a " Like If you agree ".👍 . . Wait for Breakout & small retracement & then daily candle to close above - "105" . . Enter only if market Breaks "Yellow box" mentioned. . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency " 💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . Follow for regular updates.👍
NSE:GMRINFRA1!Long
by TheNuraTrading
Reliance right opportunity for Swing Trade.Huge potential is there. For short term investment ; Leave a " Like If you agree ".👍 . . Wait for small retracement & daily candle to close above - "3050" . . Enter only if market Breaks "Yellow box" mentioned. . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency " 💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . Follow for regular updates.👍
NSE:RELIANCELong
by TheNuraTrading
NIFTY Intraday Trade Setup For 2 Jul 2024NIFTY Intraday Trade Setup For 2 Jul 2024 Bullish-Above 24180 Invalid-Below 24130 T- 24410 Bearish-Below 23980 Invalid-Above 24030 T- 23800 NIFTY has closed on a bullish note with 0.55% gain today. However it was an contraction day as it formed an inside candle in daily TF. It seems like index is going to follow phase of sideways after a parabolic move. In case it does a pullback breakout of 24180 then we will long for the plotted 2.0 PRZ. Bears may take charge below 23980 if sustained. Also in the weekend I said that we will maintain bullish stance till it closes above PDL. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24180 then we will long for the target of 24410. For selling we need a 15 Min candle close below 23980. T- 23800. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 1 Jul 2024NIFTY Intraday Trade Setup For 1 Jul 2024 Bullish-Above 24180 Invalid-Below 24130 T- 24410 Bearish-Below 23980 Invalid-Above 24030 T- 23800 NIFTY has closed on a bullish note last week with over 2% gain. It was completely on bulls grip from the start of last week, except Friday. We will maintain bullish view till it closes above PDL. Sentiment will change when it closes below PDL and then is confirmed by bearish price action. In case of a pullback move, it can test 23640 which is 61% retracement of the upmove, less probable. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24180 then we will long for the target of 24410. For selling we need a 15 Min candle close below 23980. T- 23800 In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Banknifty weekly analysis for 24/06/24.Banknifty on the weekly charts has given a good bullish candle and created a new life time high. It is holding the higher levels and on the monthly candle it has already given a 5% move. Nifty is taking a halt while banknifty is trading on the higher levels. The index has been trading around the same levels for the last 2 trading sessions. In case of a break down, it can test the lower levels around 50k. While the market has travelled to higher levels, there must be a retracement before another bullish leg. Support levels :- 51200, 50730, 50200 Resistance levels :- 51860, 51930-50 Bullish trades are risky as the market is trading in an uncharts zone and can reverse from any level (even the ATH is around 52k level). Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Head and shoulder in Reliance Industries.Major support levels :- 2575, 2550, 2531 Resistance:- 2600, 2620 If it takes out the upper level of 2620 and closes above it on weekly chart, it can give nice up move. Positional stock or stock future trades can be initiated. Intraday trades can be taken on both the side. Bearish trade for an intraday trade can be initiated on the breakdown of the H&S pattern on the hourly candle close. Wait for the price action near the levels before trading.
NSE:RELIANCE
by Mambotrade
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