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IEX looks good for swingIEX (Indian Energy Exchange) - Swing High Breakout - ✔ - Good Breakout Volumes - ✔ - Huge Accumulation & Price activity a few days before - ✔ - Spread Chart Breakout - ✔ - RS+ & Strong Relative Strength - ✔ Other points to note: The new Electricity (Amendment) Bill 2021 delicenses State Monopoly on Electricity. Which is now open to competition from all private Electricity Distribution Companies. Consumers can now choose their Discom (like telcos) Along with the boost in Electricity Distributor's business, it will also boost revenues for IEX. Looks good for swing & Positionally
NSE:IEXLong
by AmanSaraf
4
ALLCARGO Logistics (Positional Study)Let us study ALLCARGO Logistics for Positional Investment prospects. Chart Structure: - Price has broken out All-Time-High of 2018. - Price has crossed the previous swing high above ATH. - Stock is in an uptrend since May. Volume & Deliveries: - Huge deliveries had happened in July & August near ATH Range. - From 19th July to 4th Aug. 2.04 cr. shares were delivered with an Average of 17.01 lac shares per day. The previous average was 2.63 lac shares /day. (Average price = 186.54/- per share) - From 10th to 17th August, again 60 lac shares were delivered with an Average of 15.06 lac shares per day. (Average price 207.86/- per share) - Huge accumulation has been witnessed near the All-Time-High Price Range. Relative Strength: - Stock became RS positive on 25th June. - Since becoming RS+ stock has not Flipped-Flopped and was only increasing. - Stock is outperforming Nifty50 as well as Midcap100 index. - Stock is outperforming its sector & benchmark in all 1W, 1M, 3M, 6M, 1Y, 2Y & 5Y timeframe. Financial Performance: - ALLCARGO's Q1 Sales growth was 3% QoQ & 66% YoY - Q1 PBT growth stood at 1019% QoQ & 442% YoY - Q1 PAT growth stood at 117% QoQ & 144% YoY Sectoral Performance: - Logistics sector has broken out of its previous high on 2nd September. - The sector is outperforming the Nifty & Midcap index. - Outperformance in the sectoral index has again started after 2nd September when the Spread chart value has crossed over its 50MA. Good stock for positional study.
NSE:ALLCARGOLong
by AmanSaraf
1
Inverse Head & Shoulder - Right Shoulder on the WayPositional & Investment Pick !! Please also go through my post dated 29th May related to Dr. Reddy, the link has been attached herewith. It was clearly suggested that there may be correction towards 4400 levels. It took time but eventually it did correct. 4400 levels almost was tested and it bounced back from support around 4440 levels. Expecting Right Shoulder to complete now. Keep Accumulating for targets suggested on charts.
NSE:DRREDDYLong
by mastermukund4
BAJFINANCE | Tendliine Trading ⭕ Positional Trading opportunity ! Monthly Chart Alert !!!⭕ --Buy = if BO sustain above upper trendline --Target =8647 --Stop-loss = 4809 --R:R =2.0 --Expected Profit =42 % --Expected Holding = 6-12 months only #ThankU For Checking Out Our Content , We Hope U Liked It 🎈 ====================================================== Why to follow............. #TradeTheTip ? 📍No junk in our charts 📍Follow-up updates till the end 📍Detailed Price Action Analysis 📍10+ years of experience 📍Accurate S&R Levels 📍Covering Swing , Short-term & positional trading 📍Educational content ---------------------------------------- Regards, TradeTheTip ------------------------------------------ DISCLAIMER Alert :- ❌ All Post are for Educational Purpose Only. ❌ Analyze your own before Considering mine. ❌ Know your RISK & HOLDING capacity. ❌ TradeTheTip is not responsible for any of your profit/Loss. ------------------------------------------------------ Guys check out the related POST as well, it went FANTASTIC ! 🙏FOLLOW for more ! 👍LIKE if U find it useful ! ✍COMMENT your views & feedback !
NSE:BAJFINANCE1!Long
by ReviveTraders
6
FORTIS looks lood positionallyChart Structure: - Price came out of Darvas Box consolidation on 17th August. - Consolidation was happening from May to August. - After the Range breakout, the price took a little pullback. Volume & Deliveries: - During the consolidation phase, many days with positive volume activities were witnessed. - Average Deliveries were 10.79 lac shares per day before Darvas Breakout. - During breakout the average deliveries per day were 38.60 lac shares. - In total, 7 sessions during the breakout, a total of 2.70 crore shares were delivered. - Out of 2.70 crores, 41.86 lac shares were purchased by The Big Bull (Rakesh Jhunjhnwala) - During the month of July, 19 Mutual Funds have increased their Holdings in Fortis whereas 8 Mutual Funds has decreased their holdings. Relative Strength: - From 8th March, the stock started outperforming Nifty in absolute terms in 6 months TF & from Adaptive RS date 16-Feb 2021 - Since then, the stock is outperforming Nifty as well as the Midcap index. - Stock is outperforming the benchmark index and its sectoral index in 1W, 1M, 3M, 6M, 1Y & 2Y Timeframes. - First Spread chart breakout happened on 18th August & the Second Spread breakout happened today on 27th August. - With its performance in all timeframes and spread breakouts, it is established that the stock is an absolute outperformed, a Tendulkar indeed. Company's Financial Performance: - Fortis's Sales growth QoQ is 13% & 133% YoY - PBT Growth stood at 342% QoQ & 1179% YoY - PAT growth stood at 514% QoQ & 6700% YoY - Overall company has posted super Quarterly numbers. Sectoral Performance: - A breakout happened after a consolidation of 2 months in the Healthcare Index (custom) and the index rose by 19.50% from that point. Another breakout happened recently on 16th August. - Healthcare index is outperforming Nifty & the Midcap index in both short term (55) & long term (123) Other Note-worthy points: - Due to the geopolitical tensions happening due to the Afghanistan situation and due to the fear of the third wave of Covid, the institutional money has been shifting towards defensive sectors, like FMGC, Pharma etc. - In this point, Big Bull has also increased his positions in Fortis, now owning more than 5% of the company. - Due to these sectoral tailwinds and other factors, the stock is expected to perform well. Most of the above-discussed factors look positive in favor of Fortis. The stock giving favorable returns positionally is probable.
NSE:FORTISLong
by AmanSaraf
4
LINDEINDIA (Positional Study)LINDE INDIA LTD. Chart Structure: - Price approaching All-time High. - From Feb. to April '21 stock rallied about 100% and took a breather of around 20% - Stock is consolidating for the last 4 months, forming a weak Reverse Head & Shoulder type of pattern. Volume & Deliveries: - Last 18 sessions witnessed huge volume activity in the stock. - Total Traded Quantity from 27th July was 27.71 lac shares. - Total shares delivered were 14.48 lac shares - Stock has seen such deliveries before the last rally. Relative Strength: - Stock is already RS+ in the longer term. - It has started outperformance again in a shorter (55) term. - Spread breakout has happened a week ago. Financial Performance: - Co. saw Sales growth of 18% QoQ & 109% YoY - Co. saw Profit growth of -77% QoQ & 255% YoY - There was a negative profit growth(QoQ) in Net profit because of 14% tax benefit enjoyed by co. in last quarter & Exceptional income from sale of land, due to which the NP & EPS shot up unexpectedly. - While comparing PBT, we get a 3% growth Why stock might go further up? - Linde produces industrial gases required for the Manufacturing of Steel along with other industrial gases. - From April to June Steel Production in India has gone from 8300 MT to 9400 MT which is further expected to increase. - Manufacturing PMI data also saw an increase from June to July (almost 15% in value) - With the tailwind in the steel sector (which indicates an increase in steel production in coming Quarters) Linde might also benefit from the same.
NSE:LINDEINDIALong
by AmanSaraf
1
JUBILANT INGREVIA - Positional StudyAbout: Jubilant Ingrevia was Demerged from Jubilant Lifesciences in February 2021. It is in the business of Speciality chemicals, Animal & human nutrition, life science chemicals, ethanol etc. - Stock is in a continuous uptrend. - Price today crossed the previous swing high after forming a base at Support Level (which was earlier a resistance) - Price broke out with good volumes with good accumulation activity at the end of July. - Spread chart also gave a breakout of the previous swing high. Financial Results: - Jubilant's QoQ Sales growth is 67% - QoQ Profit growth is 211% Jubilant Ingrevia is looking financially & technically sound. It looks good for positional investment.
NSE:JUBLINGREALong
by AmanSaraf