SAPPHIRE | Positional Trade📊 DETAILS
Sector: Hotel, Resort & Restaurants
Mkt Cap: 9,193 cr
Sapphire Foods is one of the largest franchisees of Yum! Brands Inc. in the subcontinent, and operates more than 400 KFC, Pizza Hut, and Taco Bell restaurants across India, Sri Lanka, and the Maldives.
TTM PE : 44.23 (Average PE)
Sector PE : 73.28
Beta : 0.48
📚 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
7.95% away from 52 week high
Underperformer - Sapphire Foods India up by 2.29% v/s NIFTY 50 up by 4.73% 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.
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Nifty50
CENTRALBK | Mini Swing Trade📊 DETAILS
Sector: Bank - Public
Mkt Cap: 42,362 cr
Central Bank of India is a commercial bank. The Bank's segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business. The Treasury Operations segment includes dealing in government and other securities, money market operations and Forex operations.
TTM PE : 19.44 (High PE)
Sector PE : 12.51
Beta : 1.65
📚 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
12.86% away from 52 week high
Underperformer - Central Bank of India up by 3.06% v/s NIFTY 50 up by 9.05% 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.
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NIFTY Intraday Trade Setup For 06 Feb 2024NIFTY Intraday Trade Setup For 06 Feb 2024
Bullish-Above 21970
Invalid-Below 21920
T- 22150
Bearish- Below 21720
Invalid-Above 21770
T- 21525 21315
NIFTY has closed on a bearish note with 0.38% cut today. In the we discussed in detail that index formed a bearish reversal candle at an important resistance level in daily TF. Below 21800 our short trade is triggered and our invalidation level is 22130. If our sl is triggered then above 22150 there will be a bullish move. We will trail sl after we get comfort move. Tomorrow once again on a flat opening below 21720 there will be a good sell off. Above 21970 there is a chance of a bullish move.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21970 then we will long for the target of 22150.
For selling we need a 15 Min candle close below 21720. T- 21525 and 21315.
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.
TRIVENIThis is the chart of Triveni Engineering & Industries Limited, stock is moving in a fixed pattern and is showing positive momentum towards the upside. According to my analysis it will break the trendline and move further for targets of 365, 390, 415, ATH.
Stoploss - 320
Only for Educational Purpose
Do your own research
Banknifty weekly analysis for 05/02/24.Banknifty has given a nice move after the budget day and closed 200 point lower on daily close and 1000 points lower from the day's high.
The weekly chart is showing a rejection from golden fib ratio of 61.8% around 47k zone.
Though, it has closed above the 20 WEMA buy still it is trading below 20 DEMA. The market has given much move in the last week but volatility was high which helped option seller to create position while taking a hunt on option buyers.
Major support levels :- 45860-900, 45300, 44550
Currently, nifty tested it high but banknifty is still lagging in testing the high by 1800 points. If the market remain positive and give some bullish momentum there are chance for the index to retest the high.
It will face resistances while testing the higher highs around round number figure and resistance zone.
Resistance zone :- 46550, 47000
No trading zone is marked and there is possibility of market easing of with the volatility to create a trend or sideways movement.
Wait for the market to decide whether it sideways or trending. Must watch for the price action formation near the zone and trade accordingly.
Nifty50 Support And Resistance 6-Feb-24Please find below simple resistance and support:
Resistance: 21818
If crossed up then will see upward move as follows:
Target 1 : 21987
Target 2 : 22054
Support: 21725
If crossed down then will see downward move as follows:
T1: 21719
T2: 21652
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
ONMOBILE | Positional Trade📊 DETAILS
Sector: Software
Mkt Cap: 1,256 cr
OnMobile Global Limited is engaged in providing value-added services such as Ringback Tones, Digital Content Store, and Infotainment over the mobile devices.
TTM PE : 61.94 (Average PE)
Sector PE : 74.50
Beta : 1.33
📚 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
7.87% away from 52 week high
Outperformer - OnMobile Global up by 13.86% 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.
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NAZARA | Swing Trade📊 DETAILS
Sector: Software
Mkt Cap: 6,885 cr
Nazara Technologies is the leading India based diversified gaming and sports media platform with presence in India and across emerging and developed global markets such as Africa and North America, and offerings across the interactive gaming, eSports and gamified early learning ecosystems.
TTM PE : --
Sector PE : 34.24
Beta : 0.72
📚 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.
7.23% away from 52 week high
Outperformer - Nazara Technologies up by 9.03% v/s NIFTY 50 up by 2.28% 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.
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MMTC | Multiyear Breakout📊 DETAILS
Sector: Trading
Mkt Cap: 8,235 cr
MMTC, a public sector undertaking, was incorporated in 1963, to facilitate foreign trade in India and canalize the export and import of essential minerals and metals. It is under the administrative control of the Ministry of Commerce & Industry, and Government of India and is engaged in trading across minerals, metals, precious metals, agro products, fertilizers & chemicals and coal & hydrocarbons.
TTM PE : 47.33 (High PE)
Sector PE : 104.73
Beta : 1.55
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
42.88% away from 52 week high
Underperformer - MMTC down by -6.02% v/s NIFTY 50 up by 7.89% 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.
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RITES | Positional Trade📊 DETAILS
Sector: Transport Infrastructure
Mkt Cap: 12,848 cr
Established in 1974, RITES Limited is a public sector enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia).
TTM PE : 26.33 (High PE)
Sector PE : 34.43
Beta : 0.78
📚 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
8.44% away from 52 week high
Outperformer - RITES up by 3.7% v/s NIFTY 50 up by 2.99% 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.
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KOTARISUG | Penny Stock📊 DETAILS
Sector: Sugar
Mkt Cap: 480 cr
Incorporated in 1961, Kothari Sugars & Chemicals Ltd is engaged in sugar manufacturing, power cogenerations and production of industrial alcohol from molasses and bio-compost from press mud and distillery effluents.
TTM PE : 12.18 (Average PE)
Sector PE : 11.57
Beta : 0.99
📚 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
9.09% away from 52 week high
Outperformer - Kothari Sugars and Chemicals up by 10.06% v/s NIFTY 50 down by -0.03% 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.
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IDBI | Investment Pick📊 DETAILS
Sector: Bank - Private
Mkt Cap: 72,256 cr
IDBI Bank is engaged in the business of Monetary intermediation of commercial banks, saving banks, postal savings bank and discount houses.
TTM PE : 15.14 (Low PE)
Sector PE : 12.12
Beta : 1.22
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
10.84% away from 52 week high
Underperformer - IDBI Bank up by 6.3% v/s NIFTY 50 up by 7.72% 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.
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MAZDOCK | Swing Trade📊 DETAILS
Sector: Ship Building
Mkt Cap: 46,328 cr
Mazagon Dock Shipbuilders Limited (MDL), Mumbai, established in 1774, is a prominent shipyard in India. Initially a small dry dock, MDL has evolved into a renowned shipbuilding company. It has constructed 801 vessels since 1960, including warships, submarines, cargo/passenger ships, and offshore platforms.
TTM PE : 36.92 (High PE)
Sector PE : 44.46
Beta : 1.31
📚 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
7.45% away from 52 week high
Outperformer - Mazagon Dock Shipbuilders up by 8.37% v/s NIFTY 50 up by 3.29% 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.
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SUNDRMFAST | Swing Trade📊 DETAILS
Sector: Trading
Mkt Cap: 26,424 cr
Sundaram fasteners ltd, a part of the TVS Group of Companies, is engaged in manufacturing critical, high precision components such as fasteners, power train components etc for the automotive, infrastructure, windmill, and aviation sectors.
TTM PE : 52.55 (High PE)
Sector PE : 41.11
Beta : 0.13
📚 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
6.09% away from 52 week high
Underperformer - Sundram Fasteners up by 0.12% v/s NIFTY 50 up by 2.76% 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.
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DLINKINDIA | Swing Trade📊 DETAILS
Sector: Computer Peripherals
Mkt Cap: 1,173 cr
D-Link (India) Ltd is primarily engaged in marketing and distribution of networking products. It operates through a distribution network with a wide range of product portfolio and solutions with a nationwide reach across India.
TTM PE : 9.83 (Low PE)
Sector PE : 10.85
Beta : 1.66
📚 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
10.95% away from 52 week high
Outperformer - D-Link India up by 10.19% v/s NIFTY 50 up by 7.9% 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.
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UCOBANK | Swing Trade📊 DETAILS
Sector: Bank - Public
Mkt Cap: 48,062 cr
UCO Bank is engaged in providing wide range of banking and financial services including Retail Banking, Corporate Banking and Treasury Operations.
TTM PE : 26.10 (High PE)
Sector PE : 12.22
Beta : 1.36
📚 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
17.85% away from 52 week high
Underperformer - UCO Bank up by 5.84% v/s NIFTY 50 up by 7.5% 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.
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NIFTY Intraday Trade Setup For 05 Feb 2024NIFTY Intraday Trade Setup For 05 Feb 2024
Bullish-Above 22150
Invalid-Below 22100
T- 22350
Bearish-Below 21800
Invalid-Above 21850
T- 21550 21340
NIFTY has closed on a bullish note with 2.35% gain last week. On Friday also it closed with 0.72% gain but created a bearish sentiment as there was a huge sell off from ATH. 22150 is a strong resistance in daily TF, it formed a shooting star on Friday. Below its low 21800 a good fall can be expected in the coming days. After this shooting star is triggered 22130 will be invalidation level. And above 22150 next leg of rally will come.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22150 then we will long for the target of 22350.
For selling we need a 15 Min candle close below 21800. T- 21550 and 21340.
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.
Aditya Birla Fashion (ABFRL) This is the chart of Aditya Birla Fashion (ABFRL) which is forming higher highs pattern on daily timeframe. The stock has tested the trendline multiple times and now according to my analysis, I think it will break the trendline and continue moving upwards for targets of 260, 277, 305, 320 (ATH)
Stop loss - 235
NOTE:- You can enter now or wait for the breakout, as per your will
Only for Educational Purpose
Do your own research
For queries or doubts you can text me on platforms provided on my profile
Gail going for a dip after ATH. Bearish move expected.Gail has given a nice bullish rally after crossing the previous ATH of 131.5.
There has been a 30% bullish rally. It has formed a double top and once it starts trading below 155.80 level it will confirm a "M" pattern too,
Today there was a nice sell of in the stock and it closed 5.5% lower with good volumes.
Even the RSI indicator is showing a bearish divergence on the daily charts. Chances are thereof it testing the lower levels around 151 and 147.
Target levels :- 151.7, 147.5, 142
It has closed below 38.2% fibonacci level, will come to test 50% and further targets of 61.8%.
Wait for the stock to cross today's low after a flat or slight gap up opening.
The retracement after forming a new high is remaining in the stock. And profits will be booked by the swing trades.
Keep in mind the R:R ratio and SL while entering the trade.