Affle IndiaStock is currently trading at very high valuations. If any fall happens in the market, affle India can see 1000 points corrections.
5140 is crucial level.
Overvalued
Nifty (The Trendline Resistance)The chart speaks for itself.
CMP - 12250.
Reversal around - 12400/12350.
Target - Minimum 1000 points (Not immediately but definitely)
Reasons:
- Nothing good fundamentally
- Global slowdown
- Too many overvalued companies
This is just my point of view. Please do your own research before initiating any trades.
100% return in 3 months - Time for correction #EscortsEscorts is one of the best stocks out there in the NSE. People who held the stock patiently since 2011-2013 have been handsomely rewarded with the profits on paper that they would have made.
The company's share price has increased by over a 1000% in the last 4 years. 295% in the last 1 year and 100% in the last 3 months. These returns are astronomical by any stretch of measure.
Seeing the increase in share price of some of these stocks would make one go down the memory lane and feel that we might be living in 2006-2007 again. While I am not of the opinion that we are in a crazy buying scenario as we were in the lead up to GFC but one would find it hard to deny that some of the rapid increase in share price we have seen in Indian stocks in the past few months is nothing short of hysteria.
This stock reminds me of all of the above. Market Timing is not an exact science but rather a sport based on probabilities. I would be careful to go long on this stock at this price but feel that this might be a good opportunity to short this stock at this stage.
70% returns in 3 months - Opportunity for a short correctionDCB Bank has eclipsed its all time high that it reached back in late 2007 when the GFC unfolded.
The stock gave a return of 70% in the last 3 months alone to its rewarding shareholders with many expecting for it to go even higher from here.
3 Months back one can argue that the stock might be undervalued but the rate of increase at this pace would have made most of them surprised.
This seems like a good opportunity to short the stock considering the good run majority of the banks have had in the last one year since the 2015 onslaught.
#BajajFinance #Overvalued valuation time to #shortIt's no surprise that some of the companies on NSE Index are currently priced at extremely rich valuations and Bajaj Finance fits that criteria, in my opinion, perfectly.
Fundamentally, the company is valued at 65,000 crore market cap which makes it almost as big as two of the largest lenders in India, Bank Of Baroda and Punjab National Bank combined.
Technically, in my opinion the bullish momentum is phasing out and we may see a downside of atleast 4% in the coming days.
