Nifty Midcap 50
APOLLO TYRES LONGApollo Tyre has good fundamental and staying strong with NIFTY. Short term target for the stock is market.
the CMP is squeezing which indicates a good uptrend in the stock.
the delivery in stock is only 20% that is a concern for not expecting much in the stock.
fundamentals.
Apollo Tyres reported a 270.5% year-on-year (y-o-y) increase in consolidated net profit of ₹289 crore for the quarter ending 31 March, as vehicle production returned to pre-covid levels in India and foreign markets.
The revenue from operations during the quarter improved by 38.99% y-o-y to ₹5,026 crore. The operating profit or earnings before interest, tax, depreciation and amortization (Ebitda), also jumped by 69% y-o-y to ₹815 crore due to the overall improvement in sales and costing cutting measures taken by the company.
Despite swift recovery in sales, tyre manufacturers are expected to witness pressure on operating margins due to continuous increase in commodity prices.
Close to Break Weekly TrendlineBUY at dip around 350-360.Soon it will Break Weekly Trendline. It have hevay Volume buildups. SL and Target are mention.
LIKE & FOLLOW FOR REGULAR UPDTAES
Cummins IndiaAfter completing its pullback towards the daily time frame Kijun support it has reversed and appears to have a given a breakout in hourly time frame. If it holds above 574 it could continue its rally till 675 with a minor resistance at 625.
NIFTY MIDCAP - SHORT TERM RESISTANCENifty Mid cap Index has been in Downtrend from January 2018. Many Midcaps have recovered with a V shape recovery. They are facing a short term resistance which if it clears, they will continue to rise to previous high. Hence hold on to your Mid caps and keep adding more once the breakout happens.
Overall Mid caps are healthier because of their attractive valuations. Many mid caps P/E are below 20 and try to choose a undervalued mid cap which is debt free.
Comparison between NSE Broader MarketsComparison between Nifty 50, Nifty Mid Cap 50, Nifty Small Cap 50, Nifty 500, Bank Nifty after it made a bottom on 24th March as we can see Small Cap clearly outperforming Benchmark Index and Bank Nifty underperforming the overall broader market.
CUMMINSIND SHORTThis pattern appears to show a channel on the down trend. The prices have been consecutively making lower lows and higher highs. Which means that the general trend is downwards.
Strategy:
Short @ 384
SL @ 388.6
T @ 372.85
Strategy fails if the upper trendline is broken.
CHOLAFIN MAKE OR BREAK ZONECHOLAFIN IS NEAR 38.2% RETRACEMENT LEVEL FROM ITS HIGHS OF 348 BREAKING OF 216 ON CLOSING BASIS CAN LEAD ITS REALLY TO 235-40 ELSE IF 194 BREAKS ON CLOSING BASIS WE MAY SEE 175-70 LEVELS SIMPLE AS THAT...
Nifty Midcap weekly chart analysisNifty Midcap weekly chart analysis - We can observe that it has been trading within a channel since early 2018. A breakout could lead to a fresh bull rally.
TATASTEEL LONG FORECAST TATASTEEL CAN BE BULLISH ACCORDING TO MY ANALYSIS
AT WEEKLY FIB 61.8
AT LOWER TRENDLINE
400 STRIKE PRICE HAS THE HIGHEST PUT OI
DISCLAIMER
TRADE/ INVEST AT YOUR OWN RISK
NiFTY MIDCAP 50 Must See Majors & Minors Levels NiFTY MIDCAP 50 Minors and Majors Levels always rememebers For Long term and Short Term.
Let c ..........
Stay Tuned....!!
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NIFTYMIDCAP50 day chart studyNIFTYMIDCAP50 day chart study.
Buying opportunity coming up in the range of 4500-4450
Nifty MIDCAP ready for a big breakout?Nifty MIDCAP might give a big breakout above 4853.
Please feel free to share your thoughts and analysis in the comments!
