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Nifty50

"Bearish or Bullish? NIFTY 50's Next Big Move Explained!📊 Chart Analysis: NIFTY 50 🔥 Key Levels of Interest 👉 Support Zone (23,200–23,500): Strong demand area with historical buying interest. 👉 Resistance Levels: Immediate: 24,200–24,400 (significant selling pressure). Major: 25,550 (bullish breakout potential). 📉 Trendline & Moving Averages 👉 Trendline: Downward-sloping, indicating bearish sentiment unless breached. 👉 50-Day SMA: Price below this short-term indicator, signaling weakness. 👉 200-Day SMA: Price below this long-term indicator, confirming bearish momentum. 📊 Candlestick & Volume Analysis 👉 Candlesticks: Long lower wicks suggest buyer interest near support but weak follow-through. 👉 Volume: Low volume indicates consolidation; a breakout or breakdown could increase participation. 📈 Indicators 👉 RSI: Likely near oversold levels, hinting at a potential bounce. 👉 SuperTrend: Currently bearish, reinforcing selling pressure. 📰 Current News Impacting the Market 🌍 US Federal Reserve's Rate Hike Decision: Recent commentary suggests maintaining elevated interest rates in 2025, causing foreign outflows from emerging markets like India. 🛢 Crude Oil Prices Drop: Positive for India, reducing inflationary pressures and improving fiscal dynamics. 💹 Strong Q3 Earnings: Major Indian IT and banking firms reported better-than-expected Q3 earnings, boosting investor confidence in specific sectors. ⚔️ Geopolitical Developments: Ongoing Middle East conflict has led to increased volatility in global markets, with investors adopting a cautious approach. 📅 Union Budget Expectations: Speculation around pro-growth measures, including incentives for manufacturing and infrastructure, has sparked optimism. 💰 FII/FDI Inflows: Renewed interest from foreign institutional investors in technology and energy sectors has provided short-term support. 🦠 Emergence of HMPV Virus Concerns: Reports about the Human Metapneumovirus (HMPV) spread have created caution in healthcare and pharmaceutical sectors. While not yet causing widespread economic impact, it is being monitored closely for potential disruptions to global supply chains and market sentiment. 📈 Scenarios for Traders 👉 Bullish Scenario (Above 24,400): Targets: 25,550 and higher with strong volume. Stop Loss: Below 24,000. 👉 Bearish Scenario (Below 23,200): Targets: 22,500 and lower. Stop Loss: Above 23,600. 👉 Neutral Range (23,200–24,400): Consolidation likely, favoring short-term trades within the range. 📘 NIFTY 50 Overview 💼 About: India’s benchmark stock market index representing the top 50 NSE-listed companies across 13 sectors. 📊 Historical Growth: Launched in 1996 with a base value of 1,000. Reflects India's economic progress through blue-chip companies. 📈 Key Drivers: Economic Expansion: Supported by GDP growth and reforms (e.g., GST, Make in India). Foreign Investments: High-growth emerging market status attracts FII/FDI. Sectoral Growth: IT, banking, and FMCG as major contributors. 🌟 Influencing Factors 📊 Economic: GDP growth, inflation, and interest rates. 🌍 Global Events: Fed policies, geopolitical tensions, and commodity prices. 📅 Domestic: Earnings reports, budget announcements, and rupee movements. 📋 Actionable Strategies 📈 Bullish: Entry: Above 24,400 with strong volume. Target: 25,550+. Stop Loss: Below 24,000. 📉 Bearish: Entry: Below 23,200 with confirmation. Target: 22,500 or lower. Stop Loss: Above 23,600. 📢 Disclaimer: This analysis is for educational purposes only. Consult a certified financial advisor before investing. 💡 Prepared by: Hiren Soni, a Financial Engineer 🚀
NSE:NIFTY
by Veersoni108
NIFTY 50: Comprehensive Analysis, Key Drivers,and FutureOutlooK?Chart Analysis: NIFTY 50 Key Levels of Interest Support Zone (Highlighted in Green): Range: 23,200–23,500 The chart shows a strong demand zone where buyers have historically stepped in. This area has acted as a reliable support, preventing further downside in the past. Resistance Levels: Immediate Resistance: 24,200–24,400 (Purple line) Price has been struggling to break above this level, indicating a significant selling pressure. Major Resistance: 25,550 Represented as a key level for a potential bullish breakout. Trendline Analysis The blue descending trendline highlights the pattern of lower highs, confirming a downward trend. Unless price breaks above the trendline, the overall sentiment remains bearish. Moving Averages 50-Day SMA (Purple Line): The price is trading below this level, signaling short-term weakness. 200-Day SMA (Yellow Line): The long-term moving average suggests bearish momentum as prices are below this too. Candlestick Patterns Recent candles show long lower wicks, which suggest some buying interest near the support zone. Lack of large green candles indicates weak follow-through on buying attempts. Volume Analysis The volume bars are tapering off, showing a lack of strong participation in the current consolidation phase. An uptick in volume near either resistance or support could signal the next significant move. Indicators on Chart RSI (Relative Strength Index): Though not displayed directly on the chart, you can infer it from the general price action. The price is likely near an oversold level, hinting at a potential bounce. SuperTrend Indicator: Currently bearish, indicating selling pressure dominates. Short-Term Bias Neutral to Bearish: While the price is consolidating in a range, it leans toward bearish due to: Rejection near resistance. Trading below both moving averages. A downward-sloping trendline. Scenarios Based on the Chart Bullish Scenario Breakout Above 24,400: This resistance must be broken with strong volumes to indicate bullish momentum. The next target would be 25,550, followed by potential higher highs. Watch for large green candles and high volumes to confirm strength. Bearish Scenario Breakdown Below 23,200: A fall below the support zone could accelerate selling, bringing prices to 22,800 or even lower. This would signal continuation of the prevailing bearish trend. Neutral Range As long as prices remain between 23,200 and 24,400, the NIFTY 50 is likely to consolidate without a clear direction. Short-term traders can exploit this range for quick trades, while long-term players might wait for a decisive move. Next Steps for Traders Based on Chart Aggressive Traders: Look for breakouts or breakdowns near the trendline and support/resistance zones. Conservative Traders: Wait for confirmation (volume and candlestick patterns) before taking positions. Use of Stop Loss: For bullish trades, stop loss should be placed below 23,200. For bearish trades, stop loss should be above 24,400. What is NIFTY 50? The NIFTY 50 is India’s flagship stock market index, representing the top 50 companies listed on the National Stock Exchange (NSE). It serves as a benchmark for the performance of the Indian stock market. These 50 companies are selected based on market capitalization and liquidity, spanning 13 sectors, including financials, IT, energy, and FMCG. Growth of NIFTY 50 Historical Growth: The NIFTY 50 started in 1996 with a base value of 1,000. Over the years, it has become a barometer of India's economic progress, reflecting the performance of top blue-chip companies. Long-Term Drivers of Growth: Economic Expansion: India’s GDP growth has been a key factor. Reforms and Policies: Initiatives like GST, Make in India, and privatization of PSUs have boosted the market. Foreign Investments: FII/FDI inflows, due to India being a high-growth emerging market, have supported the index’s growth. Sectoral Growth: IT, banking, and consumer goods have consistently driven the index higher. Key Milestones: 2008: Crash during the global financial crisis. 2014: Bull run after stable government formation. 2020-2021: Sharp recovery post-COVID-19, driven by tech and healthcare sectors. Factors Affecting NIFTY 50 Economic Factors GDP Growth: Positive GDP growth supports the index as companies earn more. Inflation: High inflation can reduce consumer purchasing power and hurt corporate profits. Interest Rates: Higher interest rates discourage borrowing and investing, pressuring the index. Global Events US Federal Reserve Policies: Fed rate hikes impact global liquidity and foreign investments in Indian markets. Geopolitical Tensions: Events like the Russia-Ukraine conflict can increase uncertainty, leading to volatility. Commodity Prices: Rising oil and commodity prices hurt India due to its reliance on imports, especially crude oil. Domestic News Earnings Reports: Quarterly performance of heavyweight companies impacts the index. Budget Announcements: Policies favoring infrastructure, manufacturing, or tax cuts can uplift sentiment. Rupee Movement: A weak rupee can impact sectors like IT positively but hurt import-heavy sectors. Sectoral Performance Banking and IT have the highest weightage, making them critical to the index’s movement. A strong rally in FMCG or Energy sectors can also significantly push the index. Comprehensive News Analysis Bullish News Lower Crude Oil Prices: Reduces import bills and benefits the economy. Strong FII Inflows: Sign of growing foreign investor confidence. Favorable Budget Policies: Tax cuts, incentives for sectors like manufacturing, EVs, and infrastructure can push the index higher. Bearish News Recession Fears: Global recession concerns can lead to foreign outflows. High Inflation: Persistently high inflation can weigh on corporate profits and valuations. Rate Hikes: Further rate hikes by the RBI or US Fed may trigger selling pressure. Future Outlook: Scenarios Bullish Case Support Zone Holds: If the price stays above 23,200 and breaks above the resistance at 24,400, it would signal bullish momentum. Catalysts: Stabilizing global macroeconomics. Strong earnings by large-cap companies. Infrastructure and manufacturing-led growth supported by government spending. Targets: Immediate Target: 25,550. Long-Term Target: 27,000 (new highs, provided favorable conditions persist). Bearish Case Support Breaks at 23,200: A breakdown would open the door to further selling, with targets around 22,800 or lower. Catalysts: Weak global cues, like rising bond yields or geopolitical tensions. Negative earnings surprises or downgrades of key constituents. Targets: Immediate Target: 22,500. Long-Term Target: Below 22,000 (in case of broader market corrections). Key Takeaways for Traders Monitor Key Levels: Support: 23,200. Resistance: 24,400. Follow the Trendline: Watch for breaks or bounces off the descending trendline for clarity. Watch Sectoral Trends: Banking and IT are crucial due to their high weightage. News Catalysts: Follow FII data, crude oil prices, and quarterly earnings for short-term moves. Actionable Trading Strategies Bullish Strategy Buy Entry: Above 24,400 with strong volumes. Target: 25,550 and higher. Stop Loss: Below 24,000 to minimize risk. Bearish Strategy Sell Entry: Below 23,200 with volume confirmation. Target: 22,500 or lower. Stop Loss: Above 23,600 to protect against reversals. Comprehensive Analysis of NIFTY 50 What is NIFTY 50? The NIFTY 50 is India’s flagship stock market index, representing the top 50 companies listed on the National Stock Exchange (NSE). It serves as a benchmark for the performance of the Indian stock market. These 50 companies are selected based on market capitalization and liquidity, spanning 13 sectors, including financials, IT, energy, and FMCG. Growth of NIFTY 50 Historical Growth: The NIFTY 50 started in 1996 with a base value of 1,000. Over the years, it has become a barometer of India's economic progress, reflecting the performance of top blue-chip companies. Long-Term Drivers of Growth: Economic Expansion: India’s GDP growth has been a key factor. Reforms and Policies: Initiatives like GST, Make in India, and privatization of PSUs have boosted the market. Foreign Investments: FII/FDI inflows, due to India being a high-growth emerging market, have supported the index’s growth. Sectoral Growth: IT, banking, and consumer goods have consistently driven the index higher. Key Milestones: 2008: Crash during the global financial crisis. 2014: Bull run after stable government formation. 2020-2021: Sharp recovery post-COVID-19, driven by tech and healthcare sectors. Factors Affecting NIFTY 50 Economic Factors GDP Growth: Positive GDP growth supports the index as companies earn more. Inflation: High inflation can reduce consumer purchasing power and hurt corporate profits. Interest Rates: Higher interest rates discourage borrowing and investing, pressuring the index. Global Events US Federal Reserve Policies: Fed rate hikes impact global liquidity and foreign investments in Indian markets. Geopolitical Tensions: Events like the Russia-Ukraine conflict can increase uncertainty, leading to volatility. Commodity Prices: Rising oil and commodity prices hurt India due to its reliance on imports, especially crude oil. Domestic News Earnings Reports: Quarterly performance of heavyweight companies impacts the index. Budget Announcements: Policies favoring infrastructure, manufacturing, or tax cuts can uplift sentiment. Rupee Movement: A weak rupee can impact sectors like IT positively but hurt import-heavy sectors. Sectoral Performance Banking and IT have the highest weightage, making them critical to the index’s movement. A strong rally in FMCG or Energy sectors can also significantly push the index. Technical Chart Analysis The NIFTY 50 is currently in a descending triangle pattern, with key support levels and resistance zones as follows: Support Levels: Immediate support: 23,200 (green demand zone). A break below this level could lead to further downside to 22,500 or lower. Resistance Levels: Immediate resistance: 24,400 (upper trendline of descending triangle). A breakout above this could signal a bullish trend reversal. Trendlines and Moving Averages: The 200-day moving average (yellow line) provides long-term support around 23,700. The 50-day moving average (purple line) acts as a short-term resistance. Volume Analysis: Higher volumes near support zones indicate potential accumulation. Declining volumes near resistance suggest indecision. Comprehensive News Analysis Bullish News Lower Crude Oil Prices: Reduces import bills and benefits the economy. Strong FII Inflows: Sign of growing foreign investor confidence. Favorable Budget Policies: Tax cuts, incentives for sectors like manufacturing, EVs, and infrastructure can push the index higher. Bearish News Recession Fears: Global recession concerns can lead to foreign outflows. High Inflation: Persistently high inflation can weigh on corporate profits and valuations. Rate Hikes: Further rate hikes by the RBI or US Fed may trigger selling pressure. Future Outlook: Scenarios Bullish Case Support Zone Holds: If the price stays above 23,200 and breaks above the resistance at 24,400, it would signal bullish momentum. Catalysts: Stabilizing global macroeconomics. Strong earnings by large-cap companies. Infrastructure and manufacturing-led growth supported by government spending. Targets: Immediate Target: 25,550. Long-Term Target: 27,000 (new highs, provided favorable conditions persist). Bearish Case Support Breaks at 23,200: A breakdown would open the door to further selling, with targets around 22,800 or lower. Catalysts: Weak global cues, like rising bond yields or geopolitical tensions. Negative earnings surprises or downgrades of key constituents. Targets: Immediate Target: 22,500. Long-Term Target: Below 22,000 (in case of broader market corrections). Actionable Trading Strategies Bullish Strategy Buy Entry: Above 24,400 with strong volumes. Target: 25,550 and higher. Stop Loss: Below 24,000 to minimize risk. Bearish Strategy Sell Entry: Below 23,200 with volume confirmation. Target: 22,500 or lower. Stop Loss: Above 23,600 to protect against reversals. Disclaimer This analysis is for educational and informational purposes only and should not be considered as financial or investment advice. Trading and investing in the stock market carry risks, and past performance is not indicative of future results. Always conduct your own research or consult with a certified financial advisor before making any investment decisions.
NSE:NIFTY
by Veersoni108
1
Nifty Hourly Projections | Elliott Wave | Levels Nifty is been complex correction and completed wave B/X at 24226 as we expected in last idea. Right it is in wave C/Y or Flat B can also in progress. It leaves to two most possible scenerio: 1: if it crosses yesterday high 726 then we will lightly long towards fib levels as shown in chart for 23775, 861, 944.. trailing basis. 2: bearish side can be risky if entered early, better to watch till it breaks 23496 then short for atleast 425.. need to observe near 425 since if it rare case of ending diagonal then it might reverse gain for short duration. Below 425 we will trail till 350-300 as final destination for this swing.
NSE:NIFTYLong
by IMStockwala
NIFTY 50: A Tug-of-War Between Bulls and BearsNIFTY 50 index is consolidating after a sharp decline, trading within a narrow range. While the overall trend leans bearish, there’s potential for a breakout on either side depending on market momentum. What’s Happening? Resistance Zones: 23,752-23,800: This is a strong supply zone, marked by repeated rejections. Bulls need to push through this level to spark any meaningful recovery. 23,953: A major resistance level, signaling the upper cap for a bullish breakout if momentum strengthens. Support Levels: 23,616-23,560: This is the immediate support area. A break below could accelerate the downside momentum. 23,413-23,225: A critical demand zone if the index fails to hold above 23,560. Buyers are expected to step in here for relief. Current Setup: The index is oscillating between 23,616 and 23,752, forming a sideways range. This reflects market indecision as traders wait for a clear direction. How to Trade This: If you’re bullish: Look for a breakout above 23,752 with strong volume. If successful, the next target could be 23,953. Be cautious near 23,800, as sellers might re-enter. If you’re bearish: Watch for a breakdown below 23,616. A move lower could lead to a drop toward 23,413 or even 23,225. Use caution if the price approaches the support zone, as buyers may react. Bottom Line: The market is in a wait-and-watch phase, with key levels acting as decision points. The area between 23,560 and 23,752 will dictate the next move. Stay alert for a breakout or breakdown and plan your trades accordingly. NSE:NIFTY What’s your view on NIFTY? Share your thoughts and levels in the comments! 🚀📉 Only for educational purposes. This content is not a recommendation to buy and sell. Not SEBI REGISTRAR.
NSE:NIFTY
by thetradeforecast
1
NIFTY Intraday Trade Setup For 8 Jan 2025NIFTY Intraday Trade Setup For 8 Jan 2025 Bullish-Above 23800 Invalid-Below 23750 T- 24055 Bearish-Below 23550 Invalid-Above 23600 T- 23300 NIFTY has closed on a slight bullish note with 0.39% gain today, majorly contributed through gap up opening. It was just at 23700 zone. Tomorrow index may slide again below 23600 as index is in good bearish grip. However free fall scenario possible below 23550. In case 23800 is taken out in the higher side then it can test 24k once again. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 23800 then we will long for the target of 24055. For selling we need a 15 Min candle close below 23550. T- 23300 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
This is HOW and WHAT the Institutions BUYTriveni Turbine Limited is a leading manufacturer of industrial steam turbines. With over five decades of experience, they design, manufacture, and deliver advanced technology steam turbines up to 100 Megawatt Electric (MWe). Their products are used across various industries, including power generation, petrochemicals, and more. Here are some key points about Triveni Turbine: Global Presence: They have a presence in over 80 countries. Comprehensive Solutions: They offer engineered-to-order solutions, including refurbishment services through their Triveni REFURB program. High-Tech Precision: Their turbines are known for high-tech precision and efficiency. Diverse Applications: Their steam turbines cater to a wide range of pressure and flow applications. Look in to the charts for my levels.
NSE:TRITURBINELong
by deep1998sukh
One of my charming champions WELCORP.Welspun Corp Limited is a leading manufacturer of large-diameter pipes globally. They produce a variety of products including BIS-certified Steel Billets, TMT (Thermo-Mechanically Treated) Rebars, Ductile Iron (DI) Pipes, Stainless Steel Pipes, and Tubes & Bars. WCL has a strong global presence with manufacturing facilities in India, the United States, and Saudi Arabia. They are committed to ESG (Environmental, Social, and Governance) goals and are continuously expanding their product offerings to cater to both B2B and B2C markets. I am entering again at 749 (GTT already placed today) for the target of 856 and with a stop loss at 721.
NSE:WELCORPLong
by deep1998sukh
Nifty 50: Key Levels to Watch for Breakout or BreakdownHey Traders, Let’s talk about Nifty 50—it’s shaping up to be an interesting day on the charts. The index is moving in a tight range, and the key levels are now crystal clear. Whether you're a buyer or a seller, the next move could be the game-changer. Here’s what I see: For Buyers: Entry Point: Above 23,776 Stop Loss: 23,706 1st Target: 23,898 2nd Target: 24,014 For Sellers: Entry Point: Below 23,653 Stop Loss: 23,706 1st Target: 23,571 2nd Target: 23,460 Key Observations: The zone between 23,706 and 23,776 is critical, acting as a battleground between bulls and bears. Watch for volume spikes at breakout or breakdown levels to confirm the move's strength. Avoid premature entries and let the market show its hand before acting. Final Thoughts: These levels are based on technical analysis, but the market can be unpredictable. Stick to your plan, manage your risks, and remember: your capital is your top priority. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. If you found this analysis insightful, don’t forget to hit like and follow for more such content! For related trading ideas and educational posts, check out our profile @TraderRahulPal Let’s learn and grow together!
NSE:NIFTY
by TraderRahulPal
Nifty 50 Analysis: Key Levels and Trends for January 2025The Nifty 50 Index has experienced notable downward momentum recently, currently trading at 23,581, marking a 1.77% decline. Here’s a breakdown of the technical outlook: Channel Trends Descending Channel: The index is trading within a downward sloping channel (blue). It has respected both the upper and lower trendlines, suggesting the bearish trend remains intact for now. Broader Structure: The yellow trendlines highlight the long-term rising channel. Nifty remains well above the lower support of this broader channel, indicating a potential cushion if the selloff deepens. Key Fibonacci Levels The Fibonacci retracement and extensions indicate critical zones: 1.618 Level: 23,112, acting as immediate support. 3.618 Extension: 22,444, a deeper bearish target in case of further selloff. Support and Resistance Immediate Resistance: 24,791 (upper channel boundary). Critical Supports: 23,112 (1.618 extension). 22,444 (long-term support). Volume Analysis Significant volume spikes are observed during major selloffs, suggesting heightened institutional activity. A continuation of higher volume at lower prices may signal capitulation or accumulation. Outlook Bearish Continuation: As long as Nifty trades within the descending channel, expect further downside with supports at 23,112 and 22,444. Bullish Recovery: A breakout above 24,791 may signal a reversal, leading to potential upside targets near 26,000.
NSE:NIFTYShort
by ayusharya_001
Nifty 50: Key Levels to Watch for Tomorrow’s Trading SessionNifty 50 Index Analysis Timeframe: 15-Minute Chart Current Price: ₹23,990.15 Key Levels to Watch: Resistance Zone: Immediate resistance at ₹24,046. Targets are ₹24,148 (1st Target), ₹24,208 (2nd Target), and ₹24,309 (3rd Target). Support Zone: Immediate support at ₹23,927. A break below this level could lead to ₹23,788. Bullish Scenario: Buy above ₹24,046 with potential targets of ₹24,148, ₹24,208, and ₹24,309. The trendline and support zone near ₹23,927 provide a solid base for bullish momentum. Bearish Scenario: Sell below ₹23,927, targeting ₹23,788. A breakdown below the support zone and trendline could trigger bearish momentum. Indicators: RSI is showing weakness near 38, indicating a need for caution in the short term. MACD has a bearish crossover, signaling possible downside unless momentum strengthens. Conclusion: Watch for a breakout above ₹24,046 for bullish opportunities. Stay cautious below ₹23,927 as it may lead to further downside. Always plan trades with proper stop-losses to manage risk effectively. Disclaimer: - Please always do your own analysis or consult with your financial advisor before taking any kind of trades. If you found this analysis insightful, don’t forget to hit like and follow for more such content! For related trading ideas and educational posts, check out our profile @TraderRahulPal Let’s learn and grow together!
NSE:NIFTY
by TraderRahulPal
4
Chart Analysis for Bajaj Finserv Ltd. (Weekly Timeframe)The stock is forming a bullish triangle pattern, a classic continuation pattern signaling potential upside. The price is respecting the ascending trendline, showing strong support near ₹1,700 levels, while the upper resistance line has been tested multiple times. This signifies increasing buyer strength. Key Levels to Watch: • Support: ₹1,698 • Resistance (Breakout Level): ₹2,050 • Target Price (Post Breakout): ₹2,336 (derived from the triangle’s height projection). • Stop Loss: ₹1,515 (below the trendline support). Short-Term Long Trade Setup • Entry: Around ₹1,700, once the price shows bullish confirmation (e.g., reversal candlestick patterns or high volume). • Target: ₹2,050 (short-term) and ₹2,336 (medium-term). • Stop Loss: ₹1,515 to manage risk effectively. Market Sentiment: The stock shows a bullish structure, supported by prior consolidation and breakout potential. Patience is key for confirming a breakout above ₹2,050 before expecting the measured move towards ₹2,336. DISCLAIMER- Please do your own research before investing in the market. This is for educational purposes only
NSE:BAJAJFINSVLong
by Trade_lyst
4
Berger Paints Bounces Back – Targets Within ReachHello everyone, i hope you all will be doing good in your life and your trading as well, Today i have brought very strong fundamentaly strong stock which is reversing from important support zone, Stock name is Berger paints and it is known for its wide range of decorative and industrial paints. Over the years, it has built a strong reputation for innovation, quality, and a robust distribution network. With increasing demand for premium and eco-friendly products, Berger is well-positioned for long-term growth. Let's discuss Technical and Fundamentals about this Gem stock: Technical Overview:- Berger Paints is sitting at a strong support zone around ₹425-450, a level that has consistently held during market corrections. It’s showing signs of recovery with the formation of a Morning Star pattern on the weekly chart—a bullish reversal signal. The immediate resistance lies around ₹500-550, with a medium-term target of ₹630+, where multiple resistances have been tested in the past. Fundamental Insights:- Solid Growth Story: Berger has consistently grown its revenues, thanks to strong demand in decorative paints and its expanding presence in rural and urban markets. Resilient Margins: Even with rising input costs, Berger has maintained steady profit margins, reflecting its operational strength and pricing power. Future Prospects: With urbanization on the rise and increasing preferences for high-quality paints, Berger is set to benefit from long-term industry trends. Market Cap ₹ 53,465 Cr. Current Price ₹ 459 High / Low ₹ 630 / 438 Stock P/E 46.6 Book Value ₹ 48.0 Dividend Yield 0.78 % ROCE 27.5 % ROE 23.5 % Face Value ₹ 1.00 Industry PE 46.6 Debt ₹ 797 Cr. EPS ₹ 9.82 Promoter holding 75.0 % Intrinsic Value ₹ 129 Return over 5years 1.09 % Debt to equity 0.14 Net profit ₹ 1,147 Cr. 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:BERGEPAINTLong
by TraderRahulPal
LAURUS LAB By KRS ChartsDate: 21st Aug 2024 Time: 9:32 AM Why Laurus Lab? 1. Correction Wave was finished with 5th wave low in Mar 2023, after that it gradually moving up and made upside channeling. 2. Currently price is sustaining above 100 EMA and likely to reversed from that too. 🤞 3. why I'm keen to post L Lab is because along with both above points its likely to close and try to be making Morning Star at bottom in 1W TF. Lauras Lab is at better price at this level with Future Targets of 525 and 605. SL would be flexible Weekly Closing Below 100EMA Once Morning Star Closing will confirm at end of this week this trade will Activated 🎇
NSE:LAURUSLABSLong
by KRSCharts
2