Only e-waste management co. - ECORECOBSE:ECORECO
E-waste is one of the world's fastest rising waste streams since electronic equipment usage is linked to our socioeconomic development, technological advancements, and fashion and style. By 2020, the consumption of electronic gadgets is predicted to reach $ 400 billion (INR 25 lakh crores) due to rising demand for Digital India, Smart Cities, E-commerce, and M-commerce, among other things (as per Deity).
As one of the world's fastest developing countries, India will see a rapid increase in the amount of e-waste generated by both households and businesses, in addition to illegal imports, which is expected to rise to 15 million MT by 2020 from 3.2 million MT in 2015, with monetary recoveries of $ 4 billion (INR 25,000 crores) and expected to reach $ 20 billion (INR 125,000 crores) by 2020.
Eco Recycling Limited is India's first and leading professional E-waste Management Company that has set industry benchmarks time and again with its innovative & environment friendly disposal practices. It is also the only listed e-waste management company.
TTM EPS: 6.20
TTM PE: 19.44
Sector PE: 52.56
Book Value Per Share: 12.30
P/B: 9.80
Face Value: 10
Mkt Cap (Rs. Cr.): 232
Some Positives:
High Piotroski Score - Companies with strong financials
Promoters increasing shareholding QoQ
Rising Net Cash Flow and Cash from Operating activity
Company with high TTM EPS Growth
Strong Annual EPS Growth
Effectively using its capital to generate profit - RoCE improving in last 2 years
Growth in Net Profit with increasing Profit Margin (QoQ)
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company with Low Debt
Company reducing Debt
Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
Company with Zero Promoter Pledge
Companies with rising net profit margins - quarterly as well as TTM basis
Some Negatives:
Nothing negative as such.
My Opinion: Numbers are fantastic. The recently results were higher both QoQ and YoY. The present market provides an excellent opportunity to accumulate this future multi-bagger.
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
Nse
Vedanta Ltd. - Demand ZonesNSE:VEDL is a global diversified natural resource company operating across segments which are Copper; Aluminium; Iron Ore; Power; Zinc, Lead and Silver; Oil and Gas, and Others.
TTM EPS: 23.65
TTM PE: 8.84
P/B: 0.94
Mkt Cap (Rs. Cr.): 77,689
Dividend Yield: 48.56
Sector PE: 6.57
Book Value Per Share: 222.49
My Opinion: Vedanta, once soaring at an all-time high of 298, now faces a significant decline. The immediate demand zone lies between 175 and 150, where investors are eyeing a potential rebound. However, the next crucial support level stands at 122, serving as a critical turning point. As the stock navigates these challenging waters, investors must exercise caution and conduct thorough research before making decisions. Market sentiment and company fundamentals will play a crucial role in determining Vedanta's future trajectory. Keep a close watch, as opportunities may emerge amidst the volatility.
Recommendated: I do recommend reading about Vedanta's Bond Repayment which is due in January 2024. Vedanta is still exploring the ways for the repayment. Also Moody's downgrade of Vedanta Resources' corporate family rating to Caa2 is a factor to consider before making any decision.
Here I would like to reflect upon some learning aspects that can help in decision-making:
Accumulating volume near a demand zone suggests that there is increasing buying interest and potential support for the stock in that price range. When traders and investors perceive a particular price range as a demand zone, they anticipate that the stock's price may find support and possibly reverse its downtrend.
If the volume of trading activity is increasing within this demand zone, it indicates growing investor confidence in the stock's value at that price level. This can be seen as a positive sign, as it suggests that buyers are accumulating shares, possibly with the expectation of a price increase in the future. However, it's essential to consider other factors such as market sentiment, news, and overall market conditions before making investment decisions solely based on accumulating volume.
NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
Nifty 10/01/2024My analysis on Nifty for tomorrow is range bound as shown on charts, any move on either side can only be seen after breakout or breakdown of this range.
I expect a flat opening in market tomorrow,
If markets moves on positive side targets are 21650, 21722. 21794 respectively
If Markets moves on negative side targets are 21500, 21456, 21410, 21320 respectively
Completion of WXYXZ or NOT?NSE:TARSONS
Tarsons product LTD is proxy player to healthcare industry. Tarsons is a manufacturer of scientific and laboratory plastic ware and safety products.
Stock went into Triple Three complex correction just after IPO and I think that stock completed it's course of complex correction and now ready to move up but for more safety one should invest above 524/- as you can see stock gave breakout above bearish trend line and right now it's retesting the trend line to see if price sustain the support or not if trendline give support stock will surely make Higher High above 524/-.
Target is 30% above from Entry Point.
Titan, Reverse Head and Shoulders.Titan has formed a reverse head and shoulders pattern on the weekly charts and will have to decisively break out from the current resistance channel and close at a price above 2810 to further validate the bullish pattern.
Stoploss would be just below the resistance channel.
First target would be at around 3775 levels, although given the volatile nature of the markets since after the massive bull run of 2020-2021, I would strongly advise using a trailing stoploss of 20EMA on the weekly chart.
That said, as usual, please ensure appropriate position sizing and risk management practices.
Bharti Airtel Long BullishNSE:BHARTIARTL
Bharti Airtel is trading at near 945.20/- and I think price will go more above near 990/- and then stock can reverse. Reason target for wave (5) is length of wave (1) = length of wave (5). Another target is top of parallel channel and then stock can reverse. If stock reverse from given levels, then stock will consolidate for months.
Wave (5) will complete larger degree of wave iii. Target for wave iii is reverse retracement of length of wave i which is 1058.15/- just few points above 990/-
Target: -
1) Wave (1) = Wave (5). Which is near 990/-
2) Reverse retracement of wave 1 = 1058.15/-
Jubilant Foodworks Ltd. | Technical Analysis and Entry StrategyJubilant Foodworks Ltd. , a prominent player in the food service industry, has recently exhibited a positive upward parallel channel pattern in its stock price movement. This pattern suggests a potential bullish trend, with the stock consistently finding support at the lower boundary of the channel.
Fundamental Overview:
Jubilant Foodworks Limited is a leading player in the Indian food services industry, primarily known for its flagship brand Domino's Pizza. The company has demonstrated consistent growth and market dominance, driven by its strong brand presence, strategic expansion, and a focus on delivering quality products.
Key Technical Levels:
Entry Condition: We are looking for the price to close above the crucial level of 513.
Trade Trigger: Upon the successful close above 513, a long entry can be considered.
Entry Action: Look to buy above today's high following a close above 513.
Stop-Loss Placement: Refer to the stop-loss level mentioned on the chart to manage downside risk effectively.
Prescription for Profit: Unlocking Glenmark Pharma's Potential.Glenmark Pharma, CMP - Around 788
If the closing price of Glenmark Pharma surpasses 797, I am contemplating a buy position above the 800 mark. To mitigate potential losses, a stop-loss order will be strategically placed below 760. Our anticipated price targets are set at 840 and 880, with consideration for trailing if market conditions prove favorable.
Hindustan Copper: Charting a Fresh Rally After Breakout📈 **Weekly Time Frame Analysis:**
Sharing the weekly chart of Hindustan Copper, a stock that personally appears quite promising. Here's why:
1. Fresh Breakout: Witness a new breakout on the chart, signaling a potential bullish trajectory.
2. Retest at 197: Notably, the price (197) has been retested in the daily time frame, adding to the positive outlook.
Key Observations:
- Persistent Resistance: The stock had long-standing resistance from a trend line, which was convincingly broken in Feb 2021.
- Rally and Retest: Following the breakout, a substantial rally ensued, and the stock retraced to touch the trend line, confirming it as a retest.
Anticipating a New Rally:
Given these patterns, the stock seems poised for another potential rally. What are your thoughts?
Barbecue Nation ready for fire !Mutual Funds have increased holdings from 18.18% to 18.76% in Sep 2023 qtr.
FII/FPI have increased holdings from 17.97% to 18.06% in Sep 2023 qtr.
Annual Revenue rose 40.02%, in the last year to Rs 1,241.78 Crores. Its sector's average revenue growth for the last fiscal year was 50.99%.
Good zone to accumulate for targets of 850/900+
EPIRGRAL LTD / Meghmani Finechem LimitedEpigral is India's 4th largest manufacturer of Caustic Soda, Chlorine and Hydrogen and a leading manufacturer of Caustic Potash, Chloromethanes and Hydrogen Peroxide.
Epigral is strengthening its position in the specialty chemical segment by expanding CPVC Resin capacity to 75,000 TPA, setting up CPVC compound capacity of 35,000 TPA, entering into the Chlorotoluene & value chain and setting up R & D centre.
The company said it has launched first research and development centre at Ahmedabad spread over 14,374 square metres with an initial investment of Rs 30 crore.
PE is attractive at 18.17, lower than its sector PE ratio of 104.49.
Annual Revenue rose 41.24%, in the last year to Rs 2,196.38 Crores. Its sector's average revenue growth for the last fiscal year was 16.95%.
Annual Net Profit rose 39.76% in the last year to Rs 353.29 Crores. Its sector's average net profit growth for the last fiscal year was 4.91%.
Promoter Share Holding remains same at 71.38%.
Worth holding the stock for 2-3 Years !!!
NIFTY INTRADAY LEVELS FOR 28/12/2023BUY ABOVE - 21670
SL - 21590
TARGETS - 21740,21820,21910
SELL BELOW - 21590
SL - 21670
TARGETS - 21490,21410,21330
NO TRADE ZONE - 21590 to 21670
Previous Day High - 21670
Previous Day Low - 21490
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
BANK NIFTY INTRADAY LEVELS FOR 28/12/2023BUY ABOVE - 48350
SL - 48200
TARGETS - 48600,48800,49000
SELL BELOW - 48030
SL - 48200
TARGETS - 47820,47650,47420
NO TRADE ZONE - 48030 to 48350
Previous Day High - 48350
Previous Day Low - 47820
I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
#GVKPIL long trade setup (27/12/23)Greetings Folks,
today I have prepared a setup of NSE:GVKPIL
on NSE
the analysis is as follows-
- the price was following a resistance trendline and broke down due to drastic fall in index
- the price is now in a minor range and we are expecting a breakout of the range
- don't trade if the price breaks down
don't play with fire, always use a predefined stoploss
#GLS long term breakout trade setup (25/12/23)Greetings Folks,
today I have prepared a setup of NSE:GLS
on NSE
the analysis is as follows-
- the price is consolidating in a 160+ day structure
- the price is very contradictory, it can breakout either side, and it may even go sideways further
- i am bullish overall, but still due to the current fall in the index i am not confident in entering this trade right away
don't play with fire, always use a predefined stoploss
Sona BLW Precisions (SonaComstar) NSE:SONACOMS
A great proxy player to Automobile Industry with great fundamentals and it was backed by one of the biggest fund house in the world Blackstone.
Stock was in sharp impulse wave which is wave 1. After impulse stock was in running triple three correction which is wave 2. Running triple three correction can be difficult to identify but give very good opportunity to hop into main trend which is in this case is bullish trend.
Basic rule is wave 3 is most of the time is extended one. So, After Running triple three correction I think stock is in extended wave 3. My target for wave 3 is 995.
FEDERALBNK | NSE | INDIA | ANALYSISFEDERAL BANK has following advantage to BUY:
1. Gave break-out for the 4 year trendline.
2. The Break-Out was with good momentum.
3. The Break-Out took a retest for the conformation.
4. RSI gave a breakout for the recent forming trendline.
Advantage: Our Big Bull Rakesh Jhunjhunwala is holding this stock and he increased stake in this recently.
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
#GVKPIL long trade idea setup (20/12/23)Greetings Folks,
today I have prepared a setup of NSE:GVKPIL
on NSE
the analysis is as follows-
- the price is currently following 2 trendline as support and resistance
- as the price nears the end of trendlines we may look to buy for upside
- do not go for short selling the stock as the indices are very unpredictable at the moment
don't play with fire, always use a predefined stoploss
Options Decoded: Intrinsic Value, Moneyness RevealedCracking the Code: Understanding Intrinsic Value and Moneyness in Options Trading
Welcome to the journey of unraveling the mysteries of options trading. Today, we'll demystify two crucial concepts: Intrinsic Value and Moneyness. Let's dive in.
# Moneyness in a Nutshell
In options trading, Moneyness is the magic word that describes the relationship between the option's strike price and the current price of the underlying asset. It's like deciphering the secret code to assess an option's potential profitability.
At-the-Money (ATM) Options:
An option is ATM when its strike price closely aligns with the current market price of the asset. No profits or losses just yet.
Example: If a stock is at ₹1,000, an ATM call and put option would both have a strike price of ₹1,000.
In-the-Money (ITM) Options:
ITM options have a strike price favorable for profits if exercised immediately. They come with a higher premium.
Example: With the stock at ₹1,000, a call option with a ₹950 strike is ITM, and a put option with a ₹1,050 strike is also ITM.
Out-of-the-Money (OTM) Options:
OTM options have a strike price unfavorable for immediate profits. They have a lower premium.
Example: If the stock is at ₹1,000, a call option with a ₹1,050 strike is OTM, and a put option with a ₹950 strike is OTM.
Moneyness is a dynamic concept. An option that's ATM now can become ITM or OTM as the underlying asset's price moves.
# Demystifying Intrinsic Value
Now, let's spotlight Intrinsic Value, the hidden treasure within an option. Intrinsic Value is the real, tangible value an option holds.
For Call Options:
- Intrinsic Value = Spot Price - Call Option Strike Price
Scenario 1: If Bank Nifty is at ₹40,000 and the call option strike is ₹39,000,
- Intrinsic Value = ₹1,000 (Profitable)
Scenario 2: Call option strike at ₹40,500,
- Intrinsic Value = ₹0 (Non-Negative)
Scenario 3: Call option strike at ₹41,500,
- Intrinsic Value = ₹0 (Non-Negative)
For Put Options:
- Intrinsic Value = Put Option Strike Price - Spot Price
Scenario 4: Put option strike at ₹41,000,
- Intrinsic Value = ₹1,000 (Profitable)
Scenario 5: Put option strike at ₹39,500,
- Intrinsic Value = ₹500 (Profitable)
Scenario 6: Put option strike at ₹38,000,
- Intrinsic Value = ₹0 (Non-Negative)
Remember, Intrinsic Value can't go negative. It represents the concrete worth of the option based on the current market conditions.
Mastering these concepts is like wielding a powerful sword in the options trading arena. Stay tuned for more insights into the fascinating world of financial possibilities!
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