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Birlasoft shows Bullish Divergence on Daily Time FrameNSE:BSOFT Birlasoft is showing bullish divergence on daily time frame. Go for Long from here. Current Price: 469 rs Good Entry Point: If close above 462 rs Target: 505 rs (1st) - 570 rs (2nd) Stop Loss: 438 rs Probability: Positive for Long position Risk Reward Ratio: 1:4 Please share with your family and friend if you like the idea to go long. This chart is only for educational purpose. Consult with your financial advisor before making any investment. Happy Investing..
NSE:BSOFTLong
by Trending_Trades
Tata Chemicals chart on daily time frame- Looks good for LongNSE:TATACHEM Tata chemicals is looking good on daily charts . It has broken the trend line that it was following from last 3 months. So this is good opportunity to go long. Current Price: 767 rs Good Entry Point: 725 - 740 rs Target: 835 rs - 850 rs Stop Loss: 699 rs RSI: 60 (Not in over brought zone) Probability: Positive for Long position Risk Reward Ratio: 1:4 Please share with your family and friend if you like the idea to go long. This chart is only for education purpose. Consult with your financial advisor before making any investment.
NSE:TATACHEMLong
by Trending_Trades
IRCTC range breakoutNSE:IRCTC IRCTC is making strong pattern on daily time frame. Go for Long from here. Current Price: 895 rs Good Entry Point: 860 - 880 rs Target: 920 rs - 1st, 950 rs - 2nd Stop Loss: 25 rs RSI: <65 (Not in over brought zone) Probability: Positive for Long position Risk Reward Ratio: 1:3 Please share with your family and friend if you like the idea to go long. This chart is only for educational purpose. Consult with your financial advisor before making any investment. Happy Investing..
NSE:IRCTCLong
by Trending_Trades
Alembic Pharmaceuticals is preparing for Rs. 140+Alembic is having a double zigzag( W-X-Y) correction of wave ((4)). Price is stuck on the ending diagonal of wave Y. According to the Elliott wave principle, if the price breaks up the ending diagonal, the price is supposed to reach the targets of 114-123-139 and more . However, the price must confirm the trend by breaking the wave (X). In case if price breaks the low of wave Y, it can fall up to 79 . At this level, wave W has traveled 100% of wave Y. After that, it will initiate an uptrend for the above targets.
NSE:ALEMBICLTDLong
by forextidings
4
Kotak Bank Has An Explosive Rally AheadNSE Kotak Mahindra Bank has started marching upside because it has completed wave ((4)). Its fifth wave will end nearby the retracement of wave ((4)) of 161.8% and sub-wave of (4) of 161.8%. So, long-term investors may hold for the targets of 2345 - 2446 - 2536 . At present, intraday & short-term investors can also jump on this stock. Kotak bank prices may move forward up to 1900 - 1960 - 2056 levels to hit the halfway of wave 5th. Consecutive closing above the level of 1832 is a direct buy signal. A short reversal is expected at the last target of 2056 . Further information I will update you soon. Stay connected!
NSE:KOTAKBANKLong
by forextidings
11
TATA MOTORS SHORT-TERM SWING TRADE!Hi everyone, Tata motors short-term swing trade consider buy on pull back 478 target 497 stoploss 466. LOGIC BEHIND TRADE : Stock has given correction recently & given breakout of dynamic trendline resistance and static resistance too! buying on pull back is best & makes good RR risk reward ratio target identified from harmonic xabcd pattern level 1.272 stoploss identified is taken previous swing low. Overall stock is bullish longer time frame. NSE:TATAMOTORS
NSE:TATAMOTORSLong
by UnknownUnicorn30938178
SONACOMS - LONG TERM INVESTMENT OPPORTUNITYThe journey of the company started in 1995 as Sona Okegawa Precision Forgings, which was a 75:25 joint venture between the Sona Group and Mitsubishi Materials and the pioneer of warm forged near net-shaped gears manufacturing technology. The Sona Group, after acquiring Thyssen Krupp’s forging business (which acquired BLW, the inventor of warm forging) and 25% stake of Mitsubishi, renamed the company to Sona BLW Precision Forgings, which became the largest manufacturer of forged gears. In 2019, Sona BLW acquired Comstar Automotive, a leading designer and manufacturer of starting and charging systems for automobiles and created a new identity. Company have strong financials and numbers are continuously increasing on YoY basis. Sona Comstar is an Indian origin, global automotive systems & components manufacturer with 9 plants spread across India, China, Mexico, and the USA. The company is one of India’s leading automotive technology companies, designing, manufacturing and supplying highly engineered, mission critical automotive systems and components such as differential assemblies, differential gears, conventional and micro-hybrid starter motors, BSG systems, EV traction motors (BLDC and PMSM) and motor control units to automotive OEMs across US, Europe, India and China, across all vehicle categories such as conventional passenger vehicles, commercial vehicles, off-highway vehicles, electric cars, electric light commercial vehicles, and electric two & three wheelers. Clients: The company have wonderful client base which includes Ampere Vehicles, Ashok Leyland, Daimler, Geely, Jaguar Land Rover, Mahindra Electric, Maruti Suzuki and Revolt Intellicorp. FUNDAMENTALS: > Established in the year 1995 and listed this year on June 24, it is a Large Cap company with a market cap of Rs.41,695 Cr. > The ROCE and ROE is at 17.6% and 17% respectively which is very good in the industry. > Price to Book Value ratio is 25.3 which is on higher side. > Stock P/E is at hefty 208 which makes the valuation too costlier as compared to the industry P/E at just 25.3. > OPM of the company is continuously growing and it is at 31.3% as per Mar 21 Balance Sheet which is amazing. > Robust Topline and Bottomline, continuously increasing on YoY basis. > Debts: The company have Debts of only Rs.126 Cr as per Mar 21 Balance Sheet which is much within the limit as compared to its Reserves. > Reserves: It is Rs.1062 Cr as per Mar 21 Balance Sheet, more than 8 times as much of it’s borrowings. Continuously increasing. > Promoters holding is intact and hold hefty 67.3% shares of the company this shows management’s trust on the company’s business and its growth. > FIIs & DIIs are also heavily invested in the company, combined holding will be more than 26%, only 5.88% stocks are available to trade freely for retail investors. > Cash Flows from Operating Activity growing rapidly on YOY basis since FY 2016, for March 21 it is at 216 Cr. This point talks about how much money the company is able to convert into cash out of total revenue, one of the very important aspect from long-term investing perspective. TECHNICALS: > The stock is in massive uptrend since its listing on June 24 this year. This shows the stock strength. > It has more than doubled from the listing price of Rs.297 within 5 months of trading. > Constantly trading above 50 DMAs and it’s too early to talk about 200 DMA. Let’s look at the some of the impressive vital stats of the company: > The company have manufacturing facilities at 9 global locations. > This account for 13.7% sales to BEV market. > Among top 10 global differential Bevel Gear suppliers. > 75.4% product sales with end use in overseas markets. > The company is among top 10 global starter motor suppliers for PV’s. Investing in this company can also be considered as poxy play to Electric Vehicle theme. Fresh Buy – At CMP 712 Old Buy – Hold Target – 3X i.e. 2150 Risk Management Tip: Never invest more than 5% of your capital in any single stock. Your likes and comments motivate us to bring more profitable studies like this. Happy Investing! ShareMktSchool
NSE:SONACOMSLong
by ShareMarketSchool
UNITED SPIRITS MID-TERM SWING TRADE!Hi everyone, United spirits mid term swing trade consider buy on CMP 925 target 1,090 stoploss 893. LOGIC BEHIND TRADE : Stock recently given breakout of it`s all time high & trading on it`s support and if calculated retracment level = 0.58, it`s good oppourtinity to buy on support stoploss only 20 points from support and target identified from harmonic abcd pattern level 1.618 & dynamic trendline resistance indictaes stock is bullish. NSE:MCDOWELL_N
NSE:UNITDSPRLong
by UnknownUnicorn30938178
SBIN SHORT-TERM SWING TRADE!Hi everyone, Sbin short term swing trade consider buying CMP 507 or above 516 targets 525 & 532 stoploss 495. LOGIC BEHIND TRADE : Stock is trading on it`s hourly support & good oppourtinity to buy from support (505-503) stoploss only 5 points and targets identified from harmonic xabcd pattern levels 0.886 & 1.131 stock can correct little from static resistance 516 agressive buyer can consider buying from support & safe buyer can buy after stock sustains above static resistance. NSE:SBIN
NSE:SBINLong
by UnknownUnicorn30938178