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Nifty50

GLS | Swing Trade📊 DETAILS Sector: Pharmaceuticals & Drugs Mkt Cap: 8,022 cr Glenmark Life Sciences, a subsidiary of Glenmark Pharmaceuticals Ltd, is one of the leading developers and manufacturers of select high-value Active Pharmaceutical Ingredients. The company further operates in Contract Development and manufacturing operations to offer services to specialty Pharmaceutical companies. TTM PE : 15.87 (High PE) Sector PE : 48.06 Beta : 0.55 📚 INSIGHTS MC Insights PRO Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 3.00% away from 52 week high Underperformer - Glenmark Life Sciences up by 3.14% v/s NIFTY 50 up by 8.32% in last 1 month 📈 FINANCIALS Piotroski Score of 6/9 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
NSE:GLSLong
by Munish_Jain
3
KPITTECH | Swing Trade📊 DETAILS Sector: IT Services & Consulting Mkt Cap: 42,023 cr KPIT is a global technology company with software solutions that will help mobility leapfrog towards autonomous, clean, smart and connected future. With 10000+ Automobelievers across the globe, specializing in embedded software, AI & Digital solutions, KPIT enables customers accelerate implementation of next generation mobility technologies . With development centers in Europe, USA, Japan, China, Thailand and India TTM PE : 86.31 (High PE) Sector PE : 34.57 Beta : 0.72 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 6.53% away from 52 week high Outperformer - KPIT Technologies up by 3.67% v/s NIFTY 50 up by 3.1% in last 1 month 📈 FINANCIALS Piotroski Score of 6/9 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
NSE:KPITTECHLong
by Munish_Jain
1
Nifty weekly analysis for 23/01/24.Nifty on weekly and daily time frame has formed a engulfing candle and chance are there of market going down if it breaks below 21500 level for intraday. It has been taking support from the daily 20 moving average and rejection from 50% fibonacci level. If market tries to move up side it will hit the resistance levels of 21800. In case the level is crossed and sustained, it can test 22000 level. Up move targets :- 21800, 21970. On the other hand, market can test the support levels of 21500 and 21350. Even the hourly 200 ema will also act as a support i.e. 21430. Support levels :- 21500, 21430. 21350 Chances are there that market can retest the support levels and if the last support levels of 21350 is breached, bearish trade targets can be 21020-21110. Wait for opening of the market as much of the movement is decided after the price action.
NSE:NIFTY
by Mambotrade
Banknifty weekly analysis for 23/01/24. Banknifty is taking support from the weekly 20 ema and has formed a bearish engulfing candle on the charts. The movinga averages are being respected by the market, it is hovering between both 20 and 200 ema on daily charts. A consolidation is there in between 50-61.8% fibonacci levels. It has been trading in a similar range for last 3 trading session and this week is only of 3 days. In case, market starts moving up it will face resistance around the rejection levels of 46610 and 46900-47050. Resistance :- 46230, 46610, 46900-47050. The market is showing some negative sentiments and there are chances of it hitting below 45k levels once the support zone of 45500 is breached. Bearish trades can be initiated once 45450 level is gone and market starts sustaining below it. There are buyers around this level and lower targets of 45000 and 44600 can be capture on the break down. Support levels :- 45450-500, 44930, 44550(daily 200 ema). Mark the no trading zone of 45450-46100 as the market is volatile in this range. Wait for the price action and candle closing below or above the levels before initiating a trade.
NSE:BANKNIFTY
by Mambotrade
NIFTY Intraday Trade Setup For 25 Jan 2024NIFTY Intraday Trade Setup For 25 Jan 2024 Bullish-Above 21490 Invalid-Above 21440 T- 21685 21930 Bearish-Below 21210 Invalid-Above 21260 T- 20975 20765 NIFTY has closed on a bullish note with 1% gain today. Yesterday in the trade setup we discussed in detail that there is a possibility of a up move or a pullback of the impulsive down move. Idea came into action today as expected. It opened with a minor cut and pullback was initiated. Now if there is a gap up tomorrow above 21690 then possibility of being sold into will be high tomorrow. Its still sell on rise market as of now. Volatility has increased significantly so reduce position sizing and focus only on quality trades. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21490 then we will long for the target of 21685 and 21930. For selling we need a 15 Min candle close below 21210. T- 20975 and 20765. 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
HFCL | Multiyear Breakout📊 DETAILS Sector: Telecommunication - Equipment Mkt Cap: 11,823 cr HFCL Ltd (Himachal Futuristic Communications Limited) is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high end telecom equipment, Optical Fiber and Optic Fiber Cable (OFC). TTM PE : 38.67 (High PE) Sector PE : 53.06 Beta : 1.35 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 5.32% away from 52 week high Outperformer - HFCL up by 24.06% v/s NIFTY 50 up by 9.5% in last 1 month 📈 FINANCIALS Piotroski Score of 6/9 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
NSE:HFCLLong
by Munish_Jain
5
IDFCFIRSTB | Multiyear Breakout📊 DETAILS Sector: Bank - Private Mkt Cap: 61,975 cr IDFC First Bank is engaged in the business of Banking Services. IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018. TTM PE : 21.29 (Average PE) Sector PE : 24.27 Beta : 1.07 📚 INSIGHTS MC Insights PRO Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 12.91% away from 52 week high Underperformer - IDFC First Bank up by 0.4% v/s NIFTY 50 up by 1.99% in last 1 month 📈 FINANCIALS Piotroski Score of 7/9 indicates Strong 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
NSE:IDFCFIRSTBLong
by Munish_Jain
12
EQUITASBNK | Swing Trade📊 DETAILS Sector: Bank - Private Mkt Cap: 12,474 cr Equitas Small Finance Bank Ltd before acquiring small bank license, operated as a wholly-owned subsidiary of Equitas Holding Ltd. The holding entity started its operations in 2007 in the microfinance segment & diversified into vehicle & housing finance in 2011. Also entered into SME & LAP in 2013. It merged with the other two subsidiaries named Equitas Microfinance Ltd & Equitas Housing Finance Ltd & formed a bank. After receiving a license in Sept 2016 the company commenced operations under Equitas small finance Bank. TTM PE : 16.65 (Average PE) Sector PE : 25.89 Beta : 0.59 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 3.16% away from 52 week high Outperformer - Equitas Small Finance Bank up by 15.87% v/s NIFTY 50 up by 6.9% 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
NSE:EQUITASBNKLong
by Munish_Jain
NIFTY OUTLOOK (With this pattern I predicted the COVID CRASH)Amid the all fears of Rising crude oil prices, Fed hiking rates, Rising US treasury yields with no sign of inflation being in control or Rising Dollar index. There is no doubt that bearish sentiment has prevailed among many retail people. But one thing cannot be denied that Indian market has stayed more defensive compared to global markets. One pattern that I have observed is after every 700 -730 days a high is formed in NIFTY. So according to the same cycle, I strongly feel indian markets may correct in healthy manner by forming a top near 1st - 2nd week of Dec 2023. Even if NIFTY falls before, it will form a pull back top at around the same time. Using the same cycle I predicted the COVID CRASH few years back : Link to the study: That doesn't mean one has to buy every dips or short every top. But a profit booking on the every rise is definitely advisable. Aggressive shorts can be done only after confirmation. CHART AND ANALYSIS ADARSH DEY
NSE:NIFTY
by AdarshDey
6
NIFTY Intraday Trade Setup For 24 Jan 2024NIFTY Intraday Trade Setup For 24 Jan 2024 Sell_1- From 21550 Invalid-Above 21600 T- 21375 21200 Sell_2- Below 21190 Invalid-Above 21240 T- 20975 20765 NIFTY has closed on a complete bearish note with 1.54% cut today. Yesterday only we discussed that index has changed its trend to bearish and a short term top has been formed @ 22124. Market opened with a decent gap up and sell triggered below 21540 and gave a move till 21193. However 10 o'clock range broke early below 21665. Tomorrow there is a high probability of a pause candle, also there is a high chance of a pullback move to this impulsive down move. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 21190 then we will short for the target of 20975 and 20765. In case it tests 21550 via gap up or opening above 21200 then we will short from there. T- 21375 and 21200. 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
Bullish move on SBIN charts (08/01/24). SBIN is trading around the highs and if forming a bullish flag and pole pattern. For last 3 weeks it is holding on to the higher levels. A nice bullish trade can be capture for a 10-12% move in near future. A nice move it has already given and it can touch another milestone of 700 in this quater. Break out can provide a nice up move in the stock. Positional trades in the stock and derivative can be initiated. Fundamentally the stock is good. A nifty50 stock is always good for investment purpose. Major levels are 660 & 700 on the higher side and support is around 620 levels. Wait for the break out to trade. In case of a break down avoid a trades as the lower side R:R is not suitable.
NSE:SBIN
by Mambotrade
2
SESHAPAPER | Swing Trade📊 DETAILS Sector: Paper & Forest Products Mkt Cap: 2,302 cr Seshasayee Paper & Boards is engaged in the business of manufacture and sale of printing and writing paper. TTM PE : 6.15 (Average PE) Sector PE : 7.07 Beta : 1.05 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 13.44% away from 52 week high Outperformer - Seshasayee Paper and Boards up by 3.68% v/s NIFTY 50 up by 3.1% in last 1 month 📈 FINANCIALS Piotroski Score of 8/9 indicates Strong 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
NSE:SESHAPAPERLong
by Munish_Jain
TECHM | Swing Trade📊 DETAILS Sector: IT Services & Consulting Mkt Cap: 129,441 cr Tech Mahindra Ltd provides comprehensive range of IT services, including IT enabled service, application development and maintenance, consulting and enterprise business solutions, etc. to a diversified base of corporate customers in a wide range of industries. TTM PE : 35.97 (High PE) Sector PE : 36.64 Beta : 1.08 📚 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. 5.33% away from 52 week high Outperformer - Tech Mahindra up by 1.58% v/s NIFTY 50 up by 0.77% 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
NSE:TECHMLong
by Munish_Jain
LEMONTREE | Swing Trade📊 DETAILS Sector: Hotel, Resort & Restaurants Mkt Cap: 9,883 cr Lemon Tree Hotels Ltd is largest mid-priced and the third largest overall hotel chain in India. It operate in the upscale segment and in the mid-priced sector, consisting of the upper-midscale, midscale and economy segments. It delivers differentiated yet superior service offerings, with a value-for-money proposition. TTM PE : 76.16 (Average PE) Sector PE : 56.37 Beta : 0.81 📚 INSIGHTS Strong Performer Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 6.39% away from 52 week high Underperformer - Lemon Tree Hotels up by 5% v/s NIFTY 50 up by 7.27% in last 1 month 📈 FINANCIALS Piotroski Score of 7/9 indicates Strong 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
NSE:LEMONTREELong
by Munish_Jain
NIFTY Intraday Trade Setup For 23 Jan 2024NIFTY Intraday Trade Setup For 23 Jan 2024 Bullish-Above 21730 Invalid-Below 21680 T- 21930 22125 Bearish-Below 21540 Invalid-Above 21590 T- 21345 21095 NIFTY has closed on a bearish note last week with 1.47% cut last week. It has engulfed last two weeks gain entirely, also an sustained exhaustion gap day was observed on 17 Jan 2024. This looks like a short term top @ 22124. No bullish trades (swings) till it is lower than 22124. We will focus more on selling opportunity. Important hourly swings are placed @ 22150 and 21280. A good momentum will pick on this range breakout. 21730 and 21540 are important levels for the next session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21730 then we will long for the target of 21930 and 22130. For selling we need a 15 Min candle close below 21540. T- 21345 and 21095. 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
FinNifty weekly expiry for 23/01/24FinNifty on the hourly candle is forming a bearish flag pattern and the weekly candle is also showing some negative sentiment. It has taken support from 20 ema on weekly charts and is trading between the daily moving averages. The hourly resistance of 20 ema is also being respected. Bearish setup seems clear in the index. Resistance levels :- 20640, 20920 In case market starts trading above 21630 or there is a gap up above the levels, avoid trading as there can be a volatile weekly expiry again. Bearish trades can be initiated below 20450 levels for targets of 20250 and 20070. Support levels :- 20450, 20250 Tomorrow is the weekly expiry of FinNifty. So trade less qty as markets are volatile. Wait for a price action and trade only confirm setup.
NSE:CNXFINANCE
by Mambotrade
TEXINFRA | Multiyear Breakout📊 DETAILS Sector: Diversified Mkt Cap: 1,478 cr Company is in business of supplying power from 3 MW Hydel Power Project located on the river Neora, District Darjeeling, West Bengal and certain job works. TTM PE : 552.62 (High PE) Sector PE : 54.23 Beta : 1.04 📚 INSIGHTS Stock not eligible for rating Stock not eligible for rating 5.23% away from 52 week high Outperformer - Texmaco Infrastructure & Holdings up by 12.45% v/s NIFTY 50 up by 1.99% in last 1 month 📈 FINANCIALS Piotroski Score of 6/9 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
NSE:TEXINFRALong
by Munish_Jain
INDOCO | Positional Trade📊 DETAILS Sector: Pharmaceuticals & Drugs Mkt Cap: 3,746 cr Indoco Remedies (Indoco) is a Mumbai-based pharmaceutical company that focuses on formulations with a presence in contract manufacturing and research. The Company is engaged in the manufacturing and marketing of pharmaceutical Formulations (Finished Dosage Forms) and Active Pharmaceutical Ingredients (APIs). TTM PE : 33.03 (Average PE) Sector PE : 51.38 Beta : 0.64 📚 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. 2.04% away from 52 week high Outperformer - Indoco Remedies up by 7.17% v/s NIFTY 50 up by 1.99% 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
NSE:INDOCOLong
by Munish_Jain
IFCI | Investment Pick📊 DETAILS Sector: Finance Term Lending Mkt Cap: 7,269 cr IFCI, previously known as Industrial Finance Corporation of India, is an Indian Government owned non banking finance company established to cater to the long-term finance needs of the industrial sector. TTM PE : -- (Low PE) Sector PE : 13.46 Beta : 1.56 📚 INSIGHTS Momentum Trap Strong price momentum & technical indicators may tempt investors to buy this stock. Be selective, not all stocks with strong momentum have strong financials & balance sheet. 4.85% away from 52 week high Outperformer - IFCI up by 17.6% v/s NIFTY 50 up by 7.66% 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
NSE:IFCILong
by Munish_Jain
4