Nse
BANKNIFTY Analysis for Monday 07 Aug 23These are important Levels for Banknifty for Monday. 'Yellow' markings are very important since they are combination of Fib levels and Price Action. Any breakout/rejection from these levels can give good momentum on either side. Since I am a little biased on the bullish side for tomorrow, breakout from Yellow zone and TL will give me a good conviction to go long in BANKNIFTY. Hope you have a good day tomorrow. Good Luck!
kamathhotel fibonacci retrcaementon this kamathhotel, which already a bullish outperforming stock in this sector,
continuosly making higher high on a trendline and getting support on this line.
this position is also a trendline support area
now here also a confluance of fibbonacci retracement on its high support area( marked)
so may lead to a 8% target with trendline SL
TIMETECHNO - A good buying opportunityNSE:TIMETECHNO
Time Technoplast Limited is engaged in manufacturing plastics products.
TTM EPS: 8.17
TTM PE: 8.54
Sector PE: 13.70
Book Value Per Share: 86.07
P/B: 0.82
Face Value: 1
Mkt Cap (Rs. Cr): 1,577
Dividend Yield: 1.00
Some Positives:
Company with high TTM EPS Growth
Current price is less than the intrinsic value
Pledged promoter holdings is insignificant
Growth in Net Profit with increasing Profit Margin (QoQ)
Company with Low Debt
Increasing Revenue every quarter for the past 2 quarters
Increasing profits every quarter for the past 2 quarters
Book Value per share Improving for last 2 years
Companies with rising net profit margins - quarterly as well as TTM basis
Some Negatives:
MFs decreased their shareholding last quarter
Inefficient use of capital to generate profits - RoCE declining in the last 2 years
Inefficient use of shareholder funds - ROE declining in the last 2 years
Inefficient use of assets to generate profits - ROA declining in the last 2 years
Declining Net Cash Flow : Companies not able to generate net cash
Annual net profit declining for last 2 years
My Opinion: My opinion is clearly visible on chart :)
NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
ITC - A viewpoint NSE:ITC
ITC Limited is a holding company engaged in the marketing of fast moving consumer goods (FMGC). The Company operates through four segments: FMCG; Hotels; Paperboards, Paper and Packaging; and Agri Business.
TTM EPS: 12.01
TTM PE: 21.40
Sector PE: 23.75
Book Value Per Share: 47.87
P/B: 5.37
Face Value: 1
Mkt Cap (Rs. Cr.): 316,769
Dividend Yield: 4.18
Some Positives:
Company with Low Debt
Increasing Revenue every quarter for the past 2 quarters
Increasing profits every quarter for the past 2 quarters
Near 52 Week High
Strong Momentum: Price above short, medium and long term moving averages
Some Negatives:
Inefficient use of capital to generate profits - RoCE declining in the last 2 years
Declining Net Cash Flow : Companies not able to generate net cash
My Opinion: When the stock is in any uptrend, it forms base in stages. One should wait for a new base to form. 265 is an important resistance.
Can ITC cross 310 and go even higher? Absolutely yes. When? You never know.
NOT A RECOMMENDATION. ONLY FOR EDUCATION PURPOSE. Thanks.
jtek fibonacci retrcaementjtekindia fibonacci retrcaement
on this jtekindia, which already a bullish outperforming stock in this sector,
continuosly making higher high on a trendline and getting support on this line.
this position is also a trendline support area
now here also a confluance of fibbonacci retracement on its high support area( marked)
so may lead to a 8% target with fib low SL
Swing trade in Gujarat Fluorochemicals.About Company
The company is a leading producer of Fluoro-polymers, Fluoro-specialties, Chemicals, and Refrigerants in India. It ranks among the top five global players in the fluoropolymers market and exports to Europe, Americas, Japan, and Asia.
Technical Analysis
The share price of Fluorochemical is currently at a 30% discount. Over the past two years, the price has been consolidating within a specific range and has been consistently following a strong support line. It tends to go up and then retraces back to the support level.
In the past four days, the price of Fluorochemical has displayed a positive momentum, consistently showing an upward trend. As of now, it has increased by 6%, indicating strong potential for further growth.
While the market continues to reach all-time highs, there are undervalued chemical stocks that remain at lower prices, Gujarat Fluorochemicals is one of those stocks.
Fundamentals.
The company demonstrates strong sales growth year after year, although its profit growth is relatively slower. However, with a ROCE of nearly 30%, this stock showcases promising potential.
Overall, this trade carries a low level of risk. However, if we decide to proceed, we can consider a risk-reward ratio of 1:5.
Just presented my Analysis, do your own research before Analysis.
Nifty FMCG OutlookSomeone recently left a comment on my post saying Nifty FMCG is bearish.
Let me tell you the reasons why Nifty FMCG is Bullish and no way bearish.
Here are the reasons :
1) Weekly Timeframe is bullish
2) Daily Timeframe has test it's recent demand zone and also has created bullish price action reacting to the demand zone.
Pro Tip : Always look for higher timeframe bias and structure of the market and not alone candlestick patterns
So, Nifty FMCG is bullish.