Get started

Priceactionanalysis

GM BREWERIES - 70% RETURNS!!!BUY - GM BREWERIES CMP - Rs. 599 Target - 1: Rs. 810 Target - 2: Rs. 1020 . . Technicals - 1) Bullish Flag BO, supported with high volumes. 2) Historical trend ranging from August' 15 to May' 18 resembles the current trend, indicating a bullish continuation. . . Fundamentals - GM Breweries Limited (NSE:GMBREW) is an Indian company engaged in the manufacture and sale of alcoholic beverages, including country liquor, Indian-made foreign liquor (IMFL), and bulk alcohol. The company operates primarily in the state of Maharashtra, India, and has a market capitalization of around INR 5,570 crores (as of April 12, 2023). 1) Financial Performance: In terms of financial performance, GM Breweries has been steadily growing its revenue over the past few years. In FY2022, the company's net revenue from operations was INR 1,229.38 crores, up from INR 925.59 crores in FY2021, which represents a growth rate of 33%. The company's net profit for FY2022 was INR 180.72 crores, up from INR 130.13 crores in FY2021, representing a growth rate of 39%. The company's profit margins have also been improving over the past few years. 2) Valuation: In terms of valuation, GM Breweries has a price-to-earnings (P/E) ratio of around 13.27x (as of April 12, 2023), which is below the industry average of around 23.27x. This suggests that the stock may be undervalued relative to its peers. The company's price-to-book (P/B) ratio is around 4.15x, which is also below the industry average of around 6.68x. . . This is just a view, please invest at your own risk. . . Follow me for more!
NSE:GMBREWLong
by nilakshgupta
SCALPING EURUSD GPBUSD USDCAD XAUUSD APRIL 10th to 14thEURUSD is currently remaining below the maximum zone of the market. Sellers being preferred below 1.0930 until 1.0910 and below 1.09 until 1.0880, buyers should be wary at 1.0880. The proposed scalping strategy suggests maintaining intervals of 10 pips per entry, although depending on volume, an entry could reach up to three market intervals. At this point, there are no buying scenarios below 1.0930. However, if tomorrow's opening surpasses the maximum 1.0930, then the preference will shift towards buying up to 1.0940 and 1.0950. Keep a close eye on these intervals for successful market trading. Updates are made tomorrow on TradingView GBPUSD is currently below the 1.25 , with a preference towards selling under 1.2430 up to 1.2420, and then from 1.2420 to 1.2410. If the minimum of 1.24 is reached, selling pressure is predicted to continue until 1.2390. On the other hand, buying intervals range from 1.2340 to 1.2350. After reaching a high of 1.2550, prices may drop back to 1.2580. In terms of the USDCAD, the preference right now is on buyers  over 1.35 and 1.3480, with strategies in place to support this area The opening tomorrow will determine whether a selling scenario becomes viable, with selling intervals ranging from 1.3490 to 1.3480, once below the 1.35 mark. Stay informed to make the best decisions when it comes to these currency pairs. Updates are made tomorrow on TradingView USDCAD currently shows a preference for buying around the 1.35 and 1.3480 levels. Strategically, it seems wise to invest in buying at this point. However, we should keep our eyes peeled and assess tomorrow's opening to see if a selling scenario may be more viable. If the pair dips below the 1.35 levels, the selling intervals might go as low as 1.3490 and 1.3480. XAUUSD, the market appears to be holding its buying position consistently above the price of 2000.0 an ounce. As traders, we prefer to look for opportunities to sell at levels below 1.990 and 1.980. Nevertheless, there is still a chance the market may sustain its buying pressure above 2.005 and 2.007. Keep an eye on Wednesday to see if the data on American inflation are favourable. That might be a turning point for dollar buyers and those who sell commodities. Updates are made tomorrow on TradingView
by watchmyTrading
Nifty Pharma- Three White Soldiers BULLISH REVERSAL!Attached: Nifty Pharma Index Weekly Chart as of 7th April 2023 With the Week gone by, Price has formed the 'Three White Soldiers' Candlestick Pattern on the Weekly Chart This has MAJOR IMPLICATIONS (Note: the 'Three White Soldiers' is a Bullish Candlestick Pattern that is used to predict the Reversal of the current Downtrend in a pricing chart.) What Does This Mean for Investors & Traders? - Money is flowing back into the Pharma Sector and Stocks - There is a Trend Change of the previous Bear Trend to start of a New Bull Trend - In addition to the Candlestick Reversal Pattern, Price has also given a Trend Line Breakout (marked as Dotted Trend Line on Chart) which is another sign for a Trend Reversal Hence, Bulls are now chasing the Pharma Sector so if you want to make Money on the Long Side, this is the Sector to be in ! .......................... FYI: I have already shared a Bullish Stock Pick within the Pharma Sector in my Related Ideas below. Check it out to know more.
NSE:CNXPHARMALong
by T_Harth