LTF | Swing Trade📊 DETAILS
Sector: Finance - NBFC
Mkt Cap: 42,401 cr
L&T finance Holdings Ltd is a NBFC and offers a diverse range of financial products and services such as Farm equipment finance, Two wheeler finance, Micro Loans, Consumer loans, Home loans, Loans against property (LAP), Real estate finance, Infra finance, Infra Debt Fund and other services.
TTM PE : 18.29 (Average PE)
Sector PE : 29.59
Beta : 1.51
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
5.17% away from 52 week high
Underperformer - L&T Finance up by 0.35% v/s NIFTY 50 up by 1.51% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
Nifty50
Nifty 50 View update 08-May-2024Updated trend analysis. Based on the huge selloff on 7th May 2024, the trend analysis of Nifty 50 has been updated with new continuations and reversals support and resistance areas.
- An old gap below 22200 might get filled
- Expected bearish continuation
- Expected bullish reversal
Nifty50 Support And Resistance 10-May-24Please find below simple resistance and support:
Resistance: 21915
If crossed up then will see upward move:
TGT:
Support: 21783
If crossed down then will see downward move:
TGT: 21812
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL.
We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
****************************************************************************
𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else.
Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
Do Not Take Any Action Unless You Are Set Up To Continue An
'All Out Misfortune " or "Total Loss".
Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
Nifty shows negative biasThe Daily Candle on Nifty on friday was bearish forming a double top with a high at 22775. This is now resistance. Support is at 22100 and above the channel bottom. All stocks were trashed as Nifty formed resistance. Be stock specific, sometime, these kind of days will give good opportunity to enter stocks at 3 to 5% lesser which have inherent positive trend but get trashed with rest of the market. There is a RSI divergence so be careful in the short term, long term positive trend is intact.
This is not a recommendation as i am not qualified to recommend stocks, nor is it my intention. This is for my personal growth and learning and just sharing what i personally observe.
I DO NOT believe in DAY TRADING/MARGIN TRADING, as I am a long term investor, and hold stocks which are part of the Nifty and other stocks mentioned, i hold stocks from 3 to 24 months. It is not my intention to influence the price, but to identify patterns and my study on the technical charts.
Please do not buy/sell based on my view, kindly consultant a SEBI registered, qualified Analyst for your financial decision.
Nifty50 (9th May)If this hourly candle rejects from 22176 then 📉 📉 📉 to 22072
22072 imp support, if sustains then shortcovering could be possible to above levels
If hourly closing above 22176 then 📈 📈 22331
Disclaimer:
Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Nifty Intraday Prediction Levels for 8 May 2024The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone.
These levels act as support and resistance. You have to trade according to level breakout or breakdown.
To buy or sell you can follow Buy/Sell Indication given by indicator or you can follow cloud also.
If you are a new trader then just watch (No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
08 May 2024 - Banks and IT were in RED, but Nifty closed flatBankNifty Analysis - Stance Bearish⬇️
BN was unable to defend the 48115 support resistance today and it was an advantage Bears. The overall price action was neutral and that might be related to the expiry trades. There were a couple of instances where BN moved 100+ pts in minutes - this really had an impact on the algo trades, but happy that major damage was not done.
Both BN and NiftyIT closed the day in the RED, whereas Nifty50 ended the day flat. If IT is also going the banks' way, we might have further downsides.
For tomorrow, I wish to hold on to the Bearish view and then go neutral if we spend considerable time above 48101.
The algos did pretty well today and ended up generating a whopping profit of 54085 INR.
Nifty50 (8th May)22164 above sustains or hourly closing then upside momentum 📈 is possible to above targets marked 22318 and 22393
If any hourly closing below 22164 then 📉 📉 📉 to 22057
Disclaimer:
Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Nifty50 Support And Resistance 9-May-24Please find below simple resistance and support:
Resistance: 22369
If crosses up then will see upward move:
TGT: 22480
Support: 22246
If crosses down then will see downward move:
TGT: 22185
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL.
We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
****************************************************************************
𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else.
Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
Do Not Take Any Action Unless You Are Set Up To Continue An
'All Out Misfortune " or "Total Loss".
Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NIFTY Intraday Trade Setup For 9 May 2024NIFTY Intraday Trade Setup For 9 May 2024
Bullish-Above 22370
Invalid-Below 22320
T- 22605
Bearish-Below 22170
Invalid-Above 22220
T- 22000
NIFTY has closed on an absolute flat note today. Yesterday we discussed that index has reached 50 EMA and there is a chance of respect. Tomorrow after a flat opening if index sustains today's high then there can be 0.618 % pullback of the recent fall from 22800. Important resistance will be 22610 which will be our long target too. Below 22170 we will short and expectation will be to ride the short trade as per the recent trend.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22370 then we will long for the target of 22605.
For selling we need a 15 Min candle close below 22170. T- 22000.
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.
Nifty Intraday Prediction Levels for 7 May 2024The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone.
These levels act as support and resistance. You have to trade according to level breakout or breakdown.
To buy or sell you can follow Buy/Sell Indication given by indicator or you can follow cloud also.
If you are a new trader then just watch (No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
Nifty50 Support And Resistance 8-May-24Please find below simple resistance and support:
Resistance: 22329
If crossed up then will see upward move as follows:
TGT: 22450
Support: 22231
If crossed down then will see downward move as follows:
TGT: 22167
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL.
We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
****************************************************************************
𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else.
Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
Do Not Take Any Action Unless You Are Set Up To Continue An
'All Out Misfortune " or "Total Loss".
Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
Nifty50 (7th May) 2/2 If rejection happens from 22309 then more 📉 📉 to 22166
If hourly closing or support sustains above 22309 then short covering 📈 📈 to above levels marked on the chart
Disclaimer:
Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
NIFTY50 Ready to Big Dump toward 20250 Levels ?NIFTY50 Technical Chart Analysis
NIFTY50 is currently in a high greed zone, attracting investors eager to join the bull rally. Let’s examine the key scenarios expected to play out over the next few days:
Chart Analysis:
NIFTY50 is forming a bull flag within a rising channel. Historically, this pattern tends to lead to a downside breakout, which makes any upside breakout highly risky.
My outlook is bearish. The last breakout resulted in a 22% gain, but if NIFTY50 breaks down below 22,110, we could see a significant fall. Breaking this level may result in a freefall to 21,000.
Support Levels:
Strong Support: The $21,000 level is critical. However, in the case of any negative news globally or in the Indian market, prices could potentially reach 20,700 and even 20,200.
Fib Retracement Supports:
0.5 Fib Support: 20,717
0.618 Support: 20,252
Keep an eye on these Fib support levels. If the market reaches them, we may witness a strong bounce, which would provide good entry opportunities.
Resistance:
Watch the rising wedge channel resistance and support closely, as they are crucial indicators.
NIFTY Intraday Trade Setup For 7 May 2024NIFTY Intraday Trade Setup For 7 May 2024
Buy-Above 22600
Invalid-Below 22550
T- 22810
Bearish-Below 22340
Invalid-Above 22390
T- 22100 21885
NIFTY has closed on a slight bearish note with 0.15% cut today. It gaped up and did not trigger any trade levels. Infact it traded between previous day's range. Tomorrow if it opens flat and 22340 is sustained then we can witness a good trendy move towards 22100 as per ABCD calculation. 22100 zone will be an intraday support tomorrow. Above 22600 index will violet 3rd May fall and bulls will take charge for ATH.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22600 then we will long for the target of 22810.
For selling we need a 15 Min candle close below 22340. T- 22100 and 21885.
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.
Nifty50 Support And Resistance 6-May-24 💥 Please find below simple resistance and support:
Resistance: 22526
If crossed up then will see upward move as follows:
TGT: 22589
Support: 22411
If crossed down then will see downward move as follows:
TGT: 22348
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL.
We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
****************************************************************************
𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else.
Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
Do Not Take Any Action Unless You Are Set Up To Continue An
'All Out Misfortune " or "Total Loss".
Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
Nifty50 ( 6th May )22484 -- 22504 ( No trade zone )
Hourly closing above 22504 then 📈 📈 to 22583
Closing below 22484 in any hourly 🕯 then 📉 📉 to 22389 -- 22342
marked on the chart .
Disclaimer:
Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
WELCORP | Swing Trade📊 DETAILS
Sector: Metals - Castings/Forgings
Mkt Cap: 15,718 cr
WCL is one of the largest manufacturers of large diameter pipes globally. The company also manufactures BIS-certified Steel Billets, TMT (Thermo-Mechanically Treated)
Rebars, Ductile Iron (DI) Pipes, Stainless Steel Pipes, and Tubes & Bars. The company acquired Sintex-BAPL, a market leader in water tanks and other plastic products, to expand its building materials portfolio. It has also made strategic acquisition of specified assets of ABG Shipyard.
TTM PE : 14.58 (Average PE)
Sector PE : 42.74
Beta : 1.13
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
3.72% away from 52 week high
Outperformer - Welspun Corp up by 6.98% v/s NIFTY 50 down by -0.17% in last 1 month
📈 FINANCIALS
Piotroski Score of 3/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NIFTY Intraday Trade Setup For 6 May 2024NIFTY Intraday Trade Setup For 6 May 2024
Sell_1- From 22650
Invalid-Above 22700
T- 22500
Sell_2- Below 22340
Invalid-Above 22390
T- 22110 21886
NIFTY has closed on a bearish note last week as Friday it ended on a bearish note and closed the week near lows. Last week we discussed that index broad range is 22800 and 21700 and still this weekly range is intact. BTW index has formed a shooting star in weekly TF so below 22340 index may slip. Index will give a 90 degree upmove above 22800 if sustained in daily TF. There is a fair chance of gap up on Monday in that case 22650 will act as resistance.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes below 22340 then we will short. T- 22110 and 21885.
In case of a gap up we will short from 22650. T- 22500.
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.