Profits
HDFC Bank is giving a short term buying optionI had used 3 indicators (RSI / DMI / Ichimoku Cloud)
RSI shows the Current Trend of the stock
DMI shows the demand & Supply by Buyers and sellers and also it shows the reversal trend and current trend
Ichimoku Cloud gives the perfect buy time
.
HDFC Bank can give a short time buy position which can give you 5% to 10% returns on this weekly basis
I recommend to buy for Intraday Traders, Short term delivery traders.
CMP - 1513 / Target - 1625 / Stop loss 1 & 2 - 1) 1500 2) 1495
HUGE OPPORTUNITY on ETH/USDTReasons why I'm bullish:
- All of the daily Moving Averages are pointing up, meaning that the prince is tending to go up.
- ETH went up for 13 consecutive days, we need a retracement to keep going up.
- The daily RSI showed that ETH was overbought for the first time after 13 days (Good sign for a retracement).
- We have a nice and clean Double Bottom on the daily chart.
- The (0.382) Fibonacci Retracement is extremely close to our zone of action in our double bottom and the (0.5) Fibonacci is right on a previous support area.
MY BUY ZONE is between:
$2198 - $2400
MY TARGETS are:
1- $2900 (~29%)
2- $3160 (~40%)
3- $3440 (~53%)
MY Stop Loss is:
$1800 (-20%)
Always do your own research before getting in a trade, you always need to know the WHY and WHEN to entry and exit all your trades.
Disclaimer:
This is not financial advise, this post is for educational purposes only.
DOES THIS SMALL CAP FMCG HAS POTENTIAL?Amrutanjan has been a trusted brand and a century old brand in which customer has their trust, it is presently focusing in diversofying amd making it big in the FMCG sector, as far as the technicals consider, it is in its trendline support and is expected to give good returns from here on , targets and stoploss are mentioned through lines in the chart.
Menon Bearings - Technical & Fundamental - Auto Ancillary ThemeMenon Bearings is engaged in the business of Bearings, Bushes and Thrust Washers, Aluminium Die Casting Components having applications in Heavy & Light commercial vehicles, Tractors, Construction equipment, Material handling, Stationery, Diesel, Gasoline and CNG engines.
Market leader in bearing industry: MBL started its operations way back in 1994 and since then it has achieved various milestones. MBL is one of the leading manufacturers of highly critical moving engine components.
International Presence: MBL exports almost 30% of its production to countries like USA, Mexico, UK, Netherlands, Austria, UAE, Africa , Japan etc.
Strong distribution network: The brand " Menon Bearings" has a strong presence in the replacement markets through its presence in 10,000 + retail outlets across India and strong network of 1000 dealers+ distributors.
Wide spread clientele base: MBL's major revenues are contributed by well known OEM's having global presence. John Deere, Tata's, Mahindras, Honeywell, Ace tractors, Cooper corp, Eicher, Maruti Suzuki, Volvo, Ashok Leyland, GM, Tata, BEML, Piaggio are few of its well known clients.
FUNDAMENTALS:
> It is a Small Cap company with a market cap of just Rs.462 Cr.
> The ROCE and ROE is at 22.4% and 20% respectively which is impressive. Positive.
> OPM is at 23% as per Mar 21 Balance Sheet and last 5 year average is aprx 25% which means it’s a super profitable company.
> Price to Book Value is 2.4 which means the company have overall stable fundamentals.
> Stock P/E is at 24.6 which makes the valuation very attractive.
> Higher than Industry Net Income : Over the last 5 years, net income has grown at a yearly rate of 4.8%, vs industry avg of -8.64%. Positive.
> Robust Topline and Bottomline , continuously increasing on QoQ basis.
> Debts: The company have Debts of Rs . 29 Cr as per Mar 21 Balance Sheet which is much below the acceptable limits as compared to Reserves.
> Reserves: It is Rs. 93 Cr as per Mar 21 Balance Sheet.
> Promoters holding is intact above 71% since last 7 years, like they trust their own business and staying invested.
> FIIs are showing good interest in the company and they are increasing their stake on YoY basis.
TECHNICALS:
> The stock has taken long 3+ years to make a wonderful rounding bottom pattern after taking support at Rs.27 levels. It has given breakout recently with huge volume.
> On the chart stock is continuously in UPTREND since March 2020 Covid fall.
> Increasing Long Volume towers as indicated by blue arrows at the bottom indicates that lot of accumulation is going on in the stock continuously. Compare the recent volume with the volume when the stock was falling. Stock is picking up momentum.
> Trading above 100 and 200 DMAs this talks about the strength in the bull run of this stock.
Now if we look at the market from broader perspective, Automobile industry is in good momentum specially all small and midcap Auto Ancillary business. The company have massive client base in India as well as overseas.
Fresh Buy - AT CMP i.e. Rs.82
Old Buy – Hold
Target – Hold for at least 125 (+52%).
Risk Management Tip: Never invest more than 5% of your capital in any single stock.
Happy Investing!
ShareMktSchool
ARE INSTITUTIONAL INVESTORS INVOLVED IN THIS?Welcorp has seen a major rise in volume and witnessed highest volumne in the last 1.5 years, along with the rise in volume, the price is rising significantly, and that is what indicates involvement of smart money, entering the trend chhannel it is supposed to give stunning returns.