Community ideas
Nifty SpotThe Market is pretty evenly poised at the moment to try and make a small runup upto 24500 apprxx and then if it holds the hourly 23.6% and the daily 38.2% retracements, it can make a move up. However even the close of Friday does not indicate a move up as it has closed well below all the immediate important fib retracements as shown on the chart. The immediate upside/downside and the larger wave retracement have been pin pointed and given to you all for your reference.
Asian Paints is traded at very cheap level### Asian Paints
- **Founded**: 1942
- **Headquarters**: Mumbai, Maharashtra, India
- **Founders**: Champaklal H. Choksey, Suryakant C. Dani, Arvind R. Vakil, Chimanlal N. Choksi
- **CEO**:
- **Industry**: Paints, Coatings, Home Improvement
- **Products**: Decorative paints, industrial coatings, home décor, waterproofing, adhesives, and wall coverings
- **Stock Listing**: Listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India.
### Overview:
- **History**: Founded during the Indian independence movement, Asian Paints started as a small venture and grew to become India's leading paint company and Asia's third-largest paint company.
- **Global Presence**: Asian Paints operates in over 15 countries and has 26 paint manufacturing facilities worldwide, serving customers in more than 60 countries.
- **Market Leadership**: It is a leader in the decorative paints segment in India, holding a significant market share due to its wide range of products and strong distribution network.
- **Innovations**: The company is known for its innovative marketing strategies and continuous product innovation, including eco-friendly and technologically advanced paints.
Asian Paints has established itself as a trusted brand in the home improvement sector, consistently focusing on customer satisfaction, quality products, and sustainability.
ICICI Bank Projection For Next 6 Months### ICICI Bank
- **Full Name**: Industrial Credit and Investment Corporation of India Bank
- **Founded**: 1994
- **Headquarters**: Mumbai, Maharashtra, India
- **CEO**:
- **Industry**: Banking, Financial Services
- **Products**: Personal banking, corporate banking, investment banking, wealth management, insurance, and treasury services
- **Stock Listing**: Listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India. Also listed on the New York Stock Exchange (NYSE).
### Overview:
- **History**: ICICI Bank was originally established as ICICI Limited in 1955 as a development financial institution. It transformed into a commercial bank in 1994 and has grown to become one of the largest private sector banks in India.
- **Global Presence**: ICICI Bank has a global footprint with subsidiaries in the United Kingdom and Canada, branches in the United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar, Oman, Dubai International Finance Centre, and representative offices in the United Arab Emirates, China, South Africa, Bangladesh, Malaysia, and Indonesia.
- **Digital Banking**: The bank is renowned for its innovative digital banking solutions and services.
ICICI Bank is a prominent player in the Indian banking sector, known for its wide range of products, services, and extensive customer base both domestically and internationally.
Kotak Mahindra Bank Projection For Next 6 months### Kotak Mahindra Bank
- **Founded**: 1985 (as Kotak Mahindra Finance Ltd.), became a bank in 2003
- **Headquarters**: Mumbai, Maharashtra, India
- **Founder**: Uday Kotak
- **CEO**:
- **Industry**: Banking, Financial Services
- **Products**: Personal banking, corporate banking, investment banking, insurance, wealth management, and treasury services
- **Stock Listing**: Listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India.
### Overview:
- **1985**: Founded as Kotak Mahindra Finance Ltd., a non-banking financial company (NBFC).
- **2003**: Became the first NBFC in India to convert into a commercial bank, known as Kotak Mahindra Bank.
- **Expansion**: Kotak Mahindra Bank has grown rapidly, offering a wide range of banking and financial services to individuals, businesses, and institutions.
- **Digital Banking**: The bank is known for its innovative digital banking solutions and customer-centric approach.
Kotak Mahindra Bank is recognized as one of the leading private sector banks in India, with a strong presence in retail and corporate banking, along with a significant focus on wealth management and investment banking.
City Union Bank Projection For Next 60 DaysCUB Bank likely refers to **City Union Bank** (CUB), a well-known private sector bank in India. Here are the brief details:
### City Union Bank (CUB)
- **Founded**: 1904
- **Headquarters**: Kumbakonam, Tamil Nadu, India
- **Original Name**: The Kumbakonam Bank Limited
- **CEO**:
- **Industry**: Banking, Financial Services
- **Products**: Personal banking, corporate banking, SME banking, NRI services, and treasury operations
- **Stock Listing**: City Union Bank is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India.
### Overview:
- City Union Bank, originally founded as The Kumbakonam Bank Limited, was renamed in 1987 to reflect its broader reach and services beyond its origin city.
- It focuses primarily on lending to small and medium-sized enterprises (SMEs), retail trade, and agriculture.
- The bank is known for its strong presence in southern India and has expanded its network across the country.
City Union Bank has maintained a reputation for stability and growth, catering to various customer segments with a focus on personalized banking services.
Axis Bank projection For Next 30 DaysAxis Bank is one of the leading private sector banks in India. Here are the key details and a brief history of Axis Bank:
### Details:
- **Full Name**: Axis Bank Limited
- **Founded**: 1993
- **Headquarters**: Mumbai, Maharashtra, India
- **CEO**:
- **Industry**: Banking, Financial Services
- **Products**: Retail banking, corporate banking, wealth management, investment banking, and treasury operations
- **Stock Listing**: Axis Bank is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India.
### History:
1. **1993**: Axis Bank was founded as UTI Bank, jointly promoted by the Unit Trust of India (UTI), Life Insurance Corporation of India (LIC), General Insurance Corporation (GIC), and its four subsidiaries.
2. **1994**: The bank started its operations and opened its first registered office in Ahmedabad, Gujarat.
3. **1998**: UTI Bank went public with an initial public offering (IPO).
4. **2007**: The bank was renamed Axis Bank to reflect its universal banking capabilities.
5. **Expansion**: Over the years, Axis Bank has expanded its network across India and overseas, offering a comprehensive range of financial services.
Axis Bank has established itself as a significant player in the Indian banking sector, known for its wide array of services catering to retail, SME, and corporate customers. It has also been recognized for its digital innovations and customer service.
RBL Bank Share Projection For Next 60 DaysRBL Bank, formerly known as Ratnakar Bank, is a private sector bank headquartered in Mumbai, India. Here's a brief overview of the bank's details and history:
### Details:
- **Full Name**: RBL Bank Limited
- **Founded**: 1943
- **Headquarters**: Mumbai, Maharashtra, India
- **CEO**:
- **Industry**: Banking, Financial Services
- **Products**: Corporate banking, retail banking, agriculture finance, financial inclusion, treasury and financial market operations
- **Stock Listing**: RBL Bank is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India.
### History:
1. **1943**: Founded as Ratnakar Bank in Kolhapur, Maharashtra, primarily to serve small businesses and traders.
2. **2010**: The bank underwent a transformation under new leadership, focusing on professional management and expanding its services.
3. **2014**: Ratnakar Bank rebranded as RBL Bank to reflect its new identity and growth strategy.
4. **2016**: RBL Bank launched its initial public offering (IPO) and was listed on the BSE and NSE.
5. **Expansion**: Over the years, RBL Bank has expanded its network across India, offering a range of banking services including retail, corporate, and rural banking.
RBL Bank has gained recognition for its rapid growth and innovative services, catering to both urban and rural customers in India.
Power and transformer sector trend in IndiaAs demand for power (renewable energy) demand keeps increasing, due to surging power demand domestic and industrial, with go green initiative and new sectors like data centers and EV's. keep an eye on major players in transmission and transformer sector, As India tends to invest heavy in transmission and EPC sector, I have plotted some major stocks that still have gas to go to moon. keep an eye on TARIL & SHILCHAR. this is one year performance in this high growth sector.
AEROFLEX Breakout Retest - Looking goodDate : 15-12-2024
-------------------------------------
Breakout Retest (PICK RESEARCH TO OBSERVE)
AEROFLEX Looks Good Above 239
SL 172
Target 252, 265,291, 343++
Hold Period : Few Weeks to Months
Reason for Pick : Breakout, Above 20, 50, 200 SMA
Please consult your financial advisor before investing
All research for educational purposes only.
#INNOVATORS - VCP Break Out in Weekly chart📊 Script: INNOVATORS
Key highlights: 💡⚡
📈 VCP Break Out in Weekly chart.
📈 Price gave a good up move
📈 Went into a Side Ways consolidation & formed VCP
📈 Volume spike seen on BO
📈 MACD Cross Over
📈 One can go for Swing Trade.
BUY ONLY ABOVE 280 DCB
⏱️ C.M.P 📑💰- 265
🟢 Target 🎯🏆 – 57%
⚠️ Stoploss ☠️🚫 – 28%
⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Boost, Like and follow to never miss a new idea! ✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with MMT. Cheers!🥂
ETH - To go above 41K !!!we can see ETH taking support near the green path area shown in chart. But Red line is current resistance line. Breakout of Red line could take price above 41K !!! Till then price could dance between red and green lines shown in chart, one may buy and go long now for quick returns since all crypto could spike or already moving up due to new crypto US President. And ETH is also expected to move up after the bull run ends in Bitcoin. so its good buy right now in ETH
Why not Short HPCL post Breakdown?Considering the below points
1. Global Crude oil Price spike,
2. Russia's reduction in discount on Crude sale to India
3. HPCL's Chart Pattern
There woudn't be a much better opportunity to go short HPCL, which has given breakdown of a Triangular Pattern.
Refer the Chart for more details of trade.
INFY Declares Q3 Earnings Amid Market PressureTopic Statement: Despite posting healthy Q3 earnings with profit growth of 11.6% QoQ, INFY's stock experienced a significant decline, signaling potential further corrections.
Key Points:
1. Stock dropped 6% after announcing Q3 earnings, creating a gap.
2. Candle broke the 23.6% retracement level.
3. Price may fall to the 38.2% retracement level, a previous support in November.
4. Price is near the 180-day moving average, indicating oversold conditions.
5. If the price reaches the 38.2% level, it will be under the 180-day moving average.
National Aluminum Co Ltd - Looks Good.Candidate looks good for swing trade with target of 240 INR. and S/L of 180 INR. CMP 205.54 INR.
Reason
Swing Trade
Touch Point reversal
MACD Cross Over
Continuation Wedge (Bullish) Pattern formation
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.