BLB LIMITED : UpMove in a Channel - 2x Forecast.NSE:BLBLIMITED
Mid Term - Low investment - 2x Reward Forcast.
#BLB LIMITED Weekly chart 📊
Stock has been in a tight range for Almost a year now. 🗓️
The Resistance point is 25.50, upon breakout Long entry should be initiated.
🎯The targets will be mentioned on chart, upper channel resistance line around 51. 🤑
Stop loss Will be below Previous swing Low. @17
Trade with proper position sizing
Keep Learning,
Happy trading.❤️
Penny
ARCHIES LTD. long (Swing)Price has tapped into a monthly level and has reacted to it quite nicely.
On the daily two equal lows had been taken out on the way to a demand zone. as price started to break structure upside, an untapped zone at 11rs could be a potential buy.
the zone above is too risky given how much liquidity lies below it.
the zone below is already tapped as price gapped up and came back down (seen as a tail). this leaves 11rs as the only viable one.
Target can be whatever. GG
not financial advice.
IDBI bank going to turn MultibaggerIDBI is all set to touch rs 80 levels in one month time frame. IDBI was at around Rs 82 levels when PCA was taken against it by RBI with RBI now putting it out of PCA frame work. Its all set to give out big gains to the investors.
Lets look at its financial conditions, which has shown significant improvement over the last one year period.
1. Life Insurance Corporation -owned IDBI Bank reported a standalone net profit of Rs 378 crore for December quarter 2020-21 on the back of healthy growth in interest income. The lender had reported a standalone net loss of Rs 5,763 crore in the year-ago quarter.
2. On a consolidated basis, its profit after tax (PAT) stood at Rs 393.15 crore, compared to a loss of Rs 5,728.70 crore last year.
3. Net interest income (NII) grew 18 percent to Rs 1,810 crore as against Rs 1,532 crore in the same quarter of the previous fiscal. Its net interest margin (NIM) improved by 60 basis points to 2.87 percent as compared to 2.27 percent in the year-ago period.
4. Gross NPA ratio declined to 23.52 percent from 28.72 percent in the third quarter of the previous fiscal. Net NPAs eased to 1.94% as against 5.25%
5. Provision coverage ratio (including technical write-offs) improved to 97.08 percent from 92.41 percent.
Given the improvement in the financial condition and simultaneously RBI putting out of it from PCA framework, the IDBI is recommended for Buy as much you can for first target of rs60, 87.50 and 109. Also, given the positive run seen in the banking stocks it will not be surprised the bank touch its all time high of Rs202 in the one year time period
Raw Edge is a hard one to Solve but alright. Risky Scrip? On It!BSE:RAWEDGE is a penny little stock stay away. Lol!
But yeah why not watch how it do?
Here is the analysis and prediction for Raw Edge Industrial Solutions.
Company is working to rectify fundamentals being 40Cr market capital of the stock.
Such companies are highly volatile and could evaporate your capital if anything goes south.
But you know risk appetite, we testosterone driven-emotion ridden adrenaline junkies wants 'High Risk'.
Here is one RAW fun. Hahaha.
No trading suggestions whatsoever, just educational and predictive log in the profile here!