Nseindia
MACROTECH DEVELOPERS - 56% RETURNS!!!BUY - MACROTECH DEVELOPERS LTD
CMP - Rs. 918
Target - 1: Rs. 1200
Target - 2: Rs. 1430
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Technicals -
1) Bullish Flag BO
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Fundamentals -
1) The company's financials show a steady growth in revenue and profits in the past few years, with quarterly sales exceeding ₹1,000 crores. The company's profits have also increased, with a net profit margin of around 10%.
2) The current ratio and return on equity are both reasonable, while the debt-to-equity ratio is relatively high, indicating that the company has taken on significant debt to finance its operations.
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This is just a view by an expert analyst, please trade at your own risk.
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Small SL entry in Bandhan Bank. Targets 222, 236, 247.Bandhanbank is displaying an Inverted Head & Shoulder pattern and is currently experiencing a constant upward trend with the formation of a rising wedge in some time frames. As per my analysis, buying on dips in this stock could be a favorable decision. However, it is recommended to wait for a small correction before initiating the trade.
It is advisable to place a small stop loss to mitigate risk. The potential targets for this trade are 222, 236, and 247, and traders can trail their stop losses according to their risk management strategies. It is crucial to monitor the stock closely around the 222-226 levels. I recommend avoiding holding this trade below 206.
As always, I would like to remind traders to exercise their discretion and make their trading decisions based on their own risk management principles.
Nifty 50 will struggle around the Zone-1Analysis-1:
On the basis of daily and hourly chart, from last week, market was witnessing reversal from Zone-1. It's looks like strong resistance.
If Zone-1 breaks, market will try to penetrate into the Zone-2 due to strong boom
Analysis-2:
As market is in down trend, 17500 will be act as support
TRIVENI ENGINEERING - 83% RETURNS!!!BUY - TRIVENI ENGINEERING
CMP - Rs. 284
Target - 1: Rs. 320
Target - 2: Rs. 520
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Technicals -
1) Bullish Symmetrical Triangle nearing BO
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Fundamentals -
A) SWOT ANALYSIS -
1) Strengths -
Stocks with improving cash flow, with good durability.
High Revenue and Profit Growth with a High Return on Capital Deployed (ROCE) and Low PE ratio.
High growth and High Return on Equity (ROE) with a Low PE ratio.
Increasing Revenue every Quarter for the past 4 Quarters.
Book Value per share Improving for the last 2 years.
Company with decreasing Promoter Pledge.
Strong Momentum: Price above short, medium, and long-term moving averages.
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2) Weaknesses -
Inefficient use of capital to generate profits - RoCE declining in the last 2 years.
Decline in Net Profit with falling Profit Margin (QoQ).
High promoter stock pledges.
The highest increase in pledges by promoters.
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3) Opportunities -
Brokers upgraded recommendations or target prices in the past three months.
Undervalued Growth Stocks.
Positive Breakout Second Resistance ( LTP > R2).
30-Day SMA crossing over 200-day SMA, and current price greater than open.
High Momentum Scores (Technical Scores greater than 50).
Stock with Low PE (PE < = 10).
Companies in Water Resource/Management.
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4) Threats -
0
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This is just a view by an expert analyst, please trade at your own risk.
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MANAPPURAM FINANCE - 87% RETURNS!!!BUY - MANAPPURAM FINANCE
CMP - Rs. 130
Target - 1: Rs. 157
Target - 2: Rs. 209
Target - 3: Rs. 264
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Technicals -
1) Cup and Handle Pattern BO
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Fundamentals -
Manappuram Finance Limited is a retail credit product and financial services provider in India, primarily through its gold loan business.
1) According to the company's financial snapshot, the Price to Earnings Ratio and EV to EBITDA ratios indicate that the company is undervalued.
2) The Debt-to-Equity ratio has decreased, and the book value has increased. The company has seen a steady increase in total assets for the last three years, along with a good return on equity and a good net margin.
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This is just a view, please trade at your own risk.
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SEIL - 300% RETURNS + SWOT ANALYSIS !!!BUY - STEEL EXCHANGE IND
CMP - Rs. 16
Target - 1: Rs. 21
Target - 2: Rs. 32
Target - 3: Rs. 64
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Technicals -
1) Bullish Flag nearing a breakout.
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Fundamentals -
Steel Exchange India Limited (SEIL) is a leading manufacturer and supplier of a wide range of steel products in India. The company was established in 1999 and is headquartered in Hyderabad, Telangana. SEIL is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
1) Financial Performance:
SEIL's revenue for the fiscal year 2020-2021 was INR 4,705.85 million, up from INR 4,176.54 million in the previous year. Its net profit for the same period was INR 70.24 million, up from INR 28.57 million in the previous year. The company's EBITDA margin for the fiscal year 2020-2021 was 7.32%, up from 6.63% in the previous year.
2) Strengths:
a) Diversified product portfolio: SEIL offers a wide range of steel products including TMT bars, wire rods, billets, and sponge iron, catering to the needs of various industries such as construction, infrastructure, and automobile.
b) Strong distribution network: SEIL has a wide distribution network of more than 500 dealers and distributors spread across India, enabling it to reach a large customer base effectively.
c) Focus on sustainability: SEIL has a significant focus on sustainability, with its manufacturing plants being energy-efficient and environmentally friendly.
d) Strong financial performance: SEIL has consistently delivered strong financial performance, with steady revenue growth and improving profitability.
3) Weaknesses:
a) Dependence on the domestic market: SEIL's operations are primarily concentrated in India, making it vulnerable to the economic and political conditions in the country.
b) Exposure to raw material price volatilities: SEIL is exposed to the price volatilities of raw materials such as iron ore and coal, which can impact its profitability.
c) Intense competition: SEIL operates in a highly competitive market, facing competition from both domestic and international players.
4) Opportunities:
a) Growth in the construction and infrastructure sector: With the Indian government's focus on infrastructure development, SEIL can benefit from the growth in the construction and infrastructure sector.
b) Increasing demand for steel: The demand for steel in India is expected to increase in the coming years, driven by various factors such as urbanization, industrialization, and increasing disposable income.
c) Expansion into international markets: SEIL can explore opportunities to expand its operations into international markets, leveraging its strong product portfolio and distribution network.
5) Threats:
a) Economic and political instability: Any economic or political instability in India can impact SEIL's operations and financial performance.
b) Regulatory changes: Any changes in the regulatory environment can impact SEIL's operations and profitability.
c) Fluctuations in foreign exchange rates: SEIL's exposure to foreign exchange rate fluctuations can impact its profitability.
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This is just a view by an expert analyst, please trade at your own risk.
HDFCBANKHDFCBANK:- Cup and handle pattern has formed, wait for breakout, plan something only after breakout, till then keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
BAJAJ-AUTOBAJAJ-AUTO:- Ascending triangle pattern has formed, wait for breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
LAXMI ORGANIC - 77% RETURNS!!!BUY - LAXMI ORGANIC INDUSTRIES LTD
CMP - Rs. 265
Target - 1: Rs. 321
Target - 2: Rs. 377
Target - 3: Rs. 469
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Technicals -
1) Bullish Bat, Sea Pony, Anti Nen Star Harmonic Patterns.
2) Trendline Breakout
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Fundamentals -
1) Sales growth is growing at a healthy rate in the last 3 years 27.94%.
2) Net Profit is growing at a healthy rate in the last 3 years 38.96%.
3) Sales growth is good in the last 4 quarters at 24.95%.
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This is a view by an expert analyst, please trade at your own risk.