ambuja cement are accumulation ambuja cement high vol activity detected and the institution entered the market and institution collected the required volume and The institution are going to up the Ambuja cement
Nse
news base oppotunitynews:
the company entered into a partnership with Onix Renewable Ltd. to supply steel structures and single-axis trackers for solar energy projects, with plans to eventually expand into dual-axis trackers.
Onix Renewable Ltd., the partner company, is involved in various sectors of renewable energy and currently has 600 MW of projects underway, with an additional 2200 MW planned. The new partnership is expected to contribute to the success and durability of these solar projects.
Rama Steel Tubes has incorporated a wholly owned subsidiary named, Rama Defence on 31 August 2024. The new company will carry out business in the field of defence sector such as trading, importing, exporting, manufacturing, assembling and supplying of defence equipment, arms, ammunition, explosives and related military and security hardware etc
focus:
: rama steel ltd enter in 2 most demanding sectors defence and renewable energy.
: fuuture growth of these sectors are too high,
: after news in stock shows heavy fii inflows
market cap before news 1500 cr
current market cap 2052 cr
price before news 10.30
current price 13.46
target price 24-30
*boost post and follow us for more news and valuation base data and research
Titan By KRS chartsDate: 23rd July 2024
Time: 12:15 PM
Why Titan?
1. On Weekly TF, 100Ema is good support underneath.
2. With 100EMA Bullish Continuous Divergence clearly visible with MACD as we can see in chart.
3. Wave Theory also suggest that Titan is in 5th wave on bigger cycle and seems like 4th wave is finished in smaller cycle so there is one more leg of 5th wave upside is remaining.
After considering all the above points we can buy Titan Company for ATH and further towards upside with the SL of 3050 Rs from current price.
A contender to do 10x-15x from CMP in next 2-3 Years.Technical Analysis : Notes on Chart, Price is in Uptrend for the First time since its inception in 2008, 15 years ago.
Fundamental Analysis : I would say Average or below average FA for an investment. As Cash Flow does not look, Company got positive results only from last 2 years. P/E ratio is high around 140 but in small caps usually it is the case. But the Solvency Ratio looks good and so Assets are good for long and short term both copared to Liabilities. Next Results are in November and would be a good time to re-evaluate the position.
Just from the view of Fundamentals, Its not a screaming buy or more opportunities can be looked, But from the prespective of Technical Analysis a small risk is worth in it. TA wise the Signal is "BUY" Considering the Position may see drawdown of 50-60% also, Be wise to manage Risk Management for this Investment.
#DYOR for more. 👍
#Positional / #Long_Term
Ask auto; Take a look; min 25% Roi; short term; Huge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "381"
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If you are interested in investment now, go for it with proper risk,
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Overall "Ask Automotive" fundamentally good stock.
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Enter after retracement above
"Yellow box" mentioned.
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Wait for proper reversal and conformation.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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Refer over old posted idea attached below.
Balaji Amines - Long Term Channel - Potential breakout ahead?Balaji Amines Ltd (NSE: BALAMINES) has been moving within a well-defined ascending channel on the monthly chart. The stock has shown consistent growth, respecting both the upper and lower boundaries of this channel.
The stock has been trading within this ascending channel for over a decade. Recently, it has tested the lower boundary and seems to be gearing up for another upward move.
Watch for a confirmed breakout above the trendline shown. The upward trajectory in the channel suggests that the long-term trend remains bullish, but caution is advised if the support at the bottom of the channel fails.
If the price breaks out above the upper trend line, it could signal the start of another impulse wave, potentially testing the upper boundary of the ascending channel.
Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
WELCORP Trade Analysis for Buy using Wyckoff methodVolume Analysis
We have no supply in the trading range indicating no one is selling
Demand Increased
We have demand increased in phase D indicating institutional present
Down wave Analysis
Down spread is decreasing in each of down wave indicating volatility is decreasing and selling pressure is decreasing
My View
Bullish on the stock with entry given on the chart
ANDHRA SUGARS By KRS ChartsDate: 22nd Aug 2024
Time: 9:30 AM
Why Andhra Sugars ❓❓
1. In Bigger TF, it is making Higher Highs and Higher Lows so All over Bullish Stock from Sugar Sector .
2. Recent Lows in April 24 and Jun 24 was inside 0.5 to 0.618 Fibonacci zone which is known for reversal zone and successfully sustain above those lows. 👍
3. On 10th Jun its Gap Up and Breaks the trendline with successful retest with today's move 🎇
Near possible Target is ATH price point 177 RS.
with SL of 94 Rs.
Multi-Year Breakout In Kitex Garments.Kitex Garments Ltd. broke 6 years old resistance on heavy volumes. Waiting for entry after retracement near 320-330 levels.
P.s - Not a stock recommendation. Only for educational purposes.
Grasim Industries Limited are at end of accumulation Grasim Industries Limited are at the end of accumuation zone and there institution traders are may be entered and the price will go higher further days .we can expect price may go 10% higher you can looking long trade in grasim
MOOTHOOT IS BULLISHmuthoot fin is at end of the accumulation zone and the price may go higher to the next level ema is also getting up so the price will go higher and enter with a lower time confirmation
Multi time frame breakout in Heranba explained I make educational content videos for swing / positional trading
Welspun Corp could excel in your Investment PortfolioInvestment Advice by Gooodluck Capital (SEBI Registered)
Buy Welspun Corp
NSE:WELCORP
● Buy Range (1) - CMP (current market price)
● Buy Range (2) - 660 - 665
● Buy Range (3) - 620 - 630
● Target - 960 - 970
● Stoploss - below 500
● Potential Return - 50 - 52%
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Approx investment period 18 - 24 months
Company Overview
Welspun Corp Limited manufactures and sells steel pipes, coatings, plates, and coils in the US, Europe, Saudi Arabia, and India. The company offers helically, longitudinally, and electric resistance welded pipes, pig iron and ductile iron pipes, billets, thermo mechanically treated rebars, stainless steel pipes, tubes, and bars. Its products are used in various industries, including oil, gas, water transmission, infrastructure, and defense. The company was incorporated in 1995 and is based in Mumbai, India.
Sector - Iron & Steel
Technical Analysis
(1) In January 2008, the stock faced significant resistance around the 500 level, leading to a substantial price correction.
(2) Over time, it established a support base near the 45 level, from which it began to rebound, climbing back towards the 300 level.
(3) However, the stock struggled to break past the 300 threshold and eventually retreated to its former support.
(4) Following this, it entered an extended phase of consolidation until it finally broke through the 300 level in July 2023.
(5) This pivotal moment propelled the stock into strong upward momentum, culminating in a multi-year breakout at the 500 mark after nearly 16 years.
(6) Subsequently, the stock not only maintained this breakout level but has also begun to steadily rise.
Entry, Target & Stop-loss
● Entry with Capital allocation strategy
(1) consider adding 40% of your desired quantity at the current market price.
(2) The second buying opportunity will be in the 660-665 range, where you can also add another 40% of your quantity.
(3) If the price dips to the 620-630 range, that will present the best buying opportunity. Make sure to reserve 20% of your quantity to take advantage of this level.
● Target
Chart analysis indicates a promising upside potential of above 50% for this stock from the current level, with a target around the 960 to 970. There is also a strong likelihood that the stock could exceed this target.
● Stoploss
It is crucial to implement a strict stop-loss below the 500 level, as we anticipate that the stock may encounter challenges if it drops to this point.
Fundamental Analysis
● Stock Valuation ●
(1) Intrinsic Value
➖ The current price-to-earnings ratio for the stock is 14.5.
➖ The median price-to-earnings ratio for the stock over the past year stands at 15.4, while the earnings per share for the trailing twelve months is 45.55.
➖ This leads us to calculate the intrinsic value of the stock as follows: 15.4 * 45.55 is equals to 701.47.
➖ With the current market price hovering around 695, which is below the intrinsic value of 701, it clearly indicates that the stock is considerably undervalued right now.
(2) P/B Ratio
The present PB ratio for this stock stands at 3.06, indicating a slightly high valuation but not reaching overvalued territory.
● Debt Analysis ●
(1) The company's current debt is Rs. 1,949 crore, which is quite minimal compared to its market capitalization of Rs. 17,249 crore.
(2) With a debt-to-equity ratio of just 0.35, it’s evident that the debt level is relatively low for this type of capital-intensive business, providing the company with the flexibility to secure additional funding as needed.
(3) A glance at the balance sheet reveals a significant reduction in debt, dropping from Rs. 3,381 crore last year to the current Rs. 1,949 crore.
● Revenue Break-up ●
(1) Product wise break-up
The company generates its revenue through three primary product categories:
➖ HSAW Pipe, which accounts for approximately 76% of the total revenue,
➖ LSAW Pipe, contributing close to 15% of the total revenue,
➖ ERW Pipe, responsible for about 8% of the total revenue.
(2) Location wise break-up
The company derives approximately 54% of its revenue from India. Additionally, Welspun Corp. operates facilities in the USA and Saudi Arabia, contributing around 8.6% and 34.2% to its overall revenue, respectively.
● Profit & Loss Analysis ●
(1) Over the past three years, this stock has achieved an outstanding compounded annual growth rate of 34% in sales.
(2) The cumulative profit increase over the past three years has been an impressive 21%, indicating a strong upward trend.
(3) The profit margin has seen a significant boost, rising to 9% from 5% YoY.
For the fiscal year 2024, the growth in earnings per share is striking, skyrocketing to 42.41 from 7.90 in fiscal year 2023.
● Cash Flow Analysis ●
Operating cash flow has seen a remarkable surge, soaring to 1,306 crore from a negative 185 crore in FY23.
● Shareholding Pattern ●
(1) As of the June 2024 quarter, the promoters own a notable 50.03% stake in the company.
(2) Goldman Sachs possesses a notable 10.51% share in the company, reflecting a slight decline from 10.70% in March 2024.
(3) Domestic Institutional Investors (DIIs) have reduced their stakes since the previous quarter, yet they still hold over 9%, which remains quite significant.
● Conclusion ●
The steel industry in India is set for expansion, bolstered by new government initiatives. Lower import duties on essential raw materials, combined with heightened public investment in infrastructure and housing, are anticipated to greatly enhance the sector's performance. Therefore, we are excited to see how Welspun Corp will thrive in the near future.
Venkeys - Monthly Chart - Ascending Channel - LongVENKEYS is moving in a clear Ascending Channel with support at the bottom of the channel retested multiple times as shown in the chart.
The Price has again bounced after touching the bottom of the channel
Key Points:
Ascending Channel: The stock has been trading within a well-defined ascending channel for several years. The price recently bounced off the lower boundary, affirming strong support at this level.
Key Support Levels: The chart highlights multiple instances where the stock has found strong support at the bottom of the channel, reinforcing the robustness of this upward trend. Each bounce off the lower boundary has led to significant upward movements.
Disclosure: Invested at ₹1992.07
Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
Nifty 50 By KRS ChartsDate: 1st Aug 2024
Time: 9:12 AM
What is going on in NIFTY 50 ?
1. As we all know Indian markets in continuously in uptrend in recent times so nifty 50 too.
2. Nifty is recently moving in range but sideways with uptrend as we can see in charts for Hourly timeframe.
3. There are clear supports and Resistances are visible in Nifty 50, Today is open with Gap up and Breaks 25000 level for very first time.
4. Nifty can clearly go for 25226 but also it can reach above bigger Resistance too.
Nifty trading range for the day 30th july 2024Nifty formed a bearish candle yesterday. The follow up candle for the day is important to confirm the trend. The possibility of Nifty breaking down seems to be high.
Sell below 24750 for a target of 24640, 24530.
Buy above 25000 for a target of 25140,25250
Ramakrishnan
I am not a SEBI registered analyst.
gppl Hello... gppl is done accumulation phase and getting up
last previous week's high volume happened and fundamentally also good.
it is for education purposes only..
NAVIN FLUORINE - Week - Bullish Divergence + Ascending TrendlineNAVIN FLUORINE INT. is displaying promising bullish signals on the weekly chart. The following analysis highlights key technical indicators and potential future movements:
Ascending Trendline - The stock is maintaining a strong ascending trendline, bouncing off this support multiple times (green arrows).
Bullish Divergence - The price made a lower low in March 2024, but quickly recovered. During the same period, RSI made a higher low, creating a bullish divergence (blue arrows).
RSI Analysis - The RSI is currently trending upwards, indicating increasing bullish momentum.
The stock is also moving in a clear Ascending Channel on the Monthly timeframe as shown above. Both the Top and Bottom of the channel has been tested multiple times over the years.
If you found this analysis helpful, please leave a comment below to share your thoughts or any additional insights you might have. Your input is highly valued and helps us all learn together!
Don't forget to Boost this idea if you believe in its potential. Follow me for more in-depth analyses!
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
Laxmi Organic - Bullish Divergence and Breakout from TriangleWeekly Chart Insights:
Symmetrical Triangle Pattern: Over the past years, Laxmi Organic Industries Ltd has formed a symmetrical triangle.
Breakout Confirmation: Recently, the price broke above the upper trendline of the triangle.
Retest of Breakout: The price action is retested the breakout at the Trendline and has moved upwards now.
Bullish Divergence:
Time Period - 26 March to 12th May
Lower Low in Price - Price went from 235.2 to 228.5
Higher Low in RSI - RSI went from 37.2 to 37.6
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
IndoBorax - Fibonacci Targets in sight after Breakout - DailyIndo Borax & Chemical Ltd. has recently broken out cleanly from a descending trendline. The Fibonacci retracement levels provide clear targets for the upcoming price action, making this an interesting setup.
Technical Analysis:
Descending Trendline Breakout: The stock has decisively broken out from a descending trendline, indicating a shift in momentum from bearish to bullish.
Fibonacci Retracement Levels: The Fibonacci retracement levels drawn from the recent high to the low indicate potential resistance and support levels. Key observations include:
Support at Fib 1: The price took support at the 1.0 Fibonacci level (₹171.10) post-breakout and bounced off strongly.
Resistance at 2.618: The stock faced resistance at the 2.618 Fibonacci level (₹213.59) but has since taken support at the 1.618 level (₹187.33).
Potential Target Levels: A daily close above ₹213.59 opens up the 3.618 level (₹239.86), with the previous high acting as another target at ₹232.21.
Volume Analysis: The breakout was accompanied by a significant increase in volume. The Volume has spiked again today.
Key Levels to Watch:
Support: ₹171.10 (1.0 Fibonacci level) and ₹187.33 (1.618 Fibonacci level).
Resistance: ₹213.59 (2.618 Fibonacci level) and ₹232.21 (previous high).
Bullish Divergence on Weekly
On the Weekly chart, you will also notice that there has been a Bullish Divergence where the price made a Lower Low, while RSI made a Higher Low, shortly before the Breakout.
The RSI seems to be on an upward trajectory since, as you can see in the chart below.
Let me know your thoughts in the comments. Please do Boost and Follow for more analyses!
Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
Libas - Potential Bullish Divergence in Descending TriangleLibas Designs Ltd. is currently trading within a descending triangle pattern. A potential bullish divergence between the price action and the RSI could indicate an upcoming trend reversal.
Technical Analysis:
Descending Triangle Pattern: The stock has been consolidating within a descending triangle pattern, characterized by lower highs and a strong support level around ₹16.5.
Lower Low in Price: The price recently made a lower low, near the support level of the triangle.
Higher Low in RSI: Simultaneously, the RSI (14) made a higher low, creating a bullish divergence. This suggests that the selling pressure is weakening, despite the price making a new low.
Volume Analysis: Volume has been decreasing during the formation of the triangle, which is typical for this pattern and indicates a potential buildup before a breakout.
Trade Setup:
Entry Point: I would wait for a breakout and retest above the top trendline. Probably somewhere above the 17.5 mark.
Stop Loss: A stop loss below ₹16.00, just under the recent support level, to manage risk effectively.
Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
Large cap fundamentl strong IT stock- WIPROFundamently very good Stock with growth revenue. Aftert breaking the accumulation phase stock has given a good chance to Buyers to buy and put in the portfolio. Buying Zone is about at price 450- 500 . Stock have easy potiential to move toward 700 target.
Prime Focus NSE By KRS ChartsDate: 11st July 2024
Time: 10:26 AM
I have been waiting from this breakout since July 2023. So, Why Exactly Prime Focus?
1.Picture perfect sideways for years and breakout so study is in Monthly TF , which in itself strong point to noted.
2. Two-times already rejected from red zone and 3rd also but this time it Bounce back and breaks trendline again.
3.floating above 100EMA after consolidating for one years near black trendline
Great Targets are visible
1st ATH price point 154 Rs
2nd 268 Rs Target for Long to Medium Term
