Strength in ONGC back after 2015!If you see the relative strength of ONGC, it was positive on monthly charts back in 2015. After many ups and downs, it's back in November 2023! This might be an upside trend indication. One more indication comes from a reverse head and shoulder pattern that can be seen on the chart, adding to the upside indication.
PSU
IOC - Add to WatchlistIndian Oil Corporation Limited is engaged in refining business. The Company's segments include Sale of Petroleum Products, Sale of Petrochemicals and Other businesses.
TTM EPS: 17.36
TTM PE: 5.43
P/B: 1.00
Mkt Cap (Rs. Cr.): 133,022
Dividend Yield: 3.19
Sector PE: 30.01
Book Value Per Share: 94.73
Some Positives:
Strong Momentum: Price above short, medium and long term moving averages
Growth in Net Profit with increasing Profit Margin (QoQ)
Increasing profits every quarter for the past 3 quarters
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Recent Results : Growth in Operating Profit with increase in operating margins (YoY)
Some Negatives:
MFs decreased their shareholding last quarter
Inefficient use of shareholder funds - ROE declining in the last 2 years
Declining Revenue every quarter for the past 4 quarters
Declining Net Cash Flow : Companies not able to generate net cash
My Opinion: I am positive on PSU Oil and Gas.
NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
SHIPPING CORPORATION OF INDIASHIPPING CORPORATION OF INDIA (Monthly Chart )
Roaming into the 15 years long resistance zone of 172-175.
Sustain above this zone will take it into the free sky
Rising container freight charges are positive for the shipping companies.
#technicals #StocksToBuy #stocks #StockMarkets #investing #Index #Nifty #nifty50 #observation #Breakout #BreakoutStock
GAIL: IMPULSE UNFOLDINGStock is rising in a uptrend channel forming HH HL which is the basic definition of an Uptrend. The current price action suggests that prices are unfolding into a primary wave-3.
One should buy the stock on current levels, keeping SL of 105 look for the target of 140 in the coming days and weeks ahead.
RVNL Weekly Flag BreakoutA flag and pole breakout has been observed in the weekly chart of NSE:RVNL . One can create a fresh position in the scrip around 135 or below with a stopploss of rs 115 for targets of 155/175/195
Exit the position if the stop loss is triggered on WCB.
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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
EIL :13 Years Falling Trendline BONSE:ENGINERSIN have given a Falling Trendline BO after 13 years on Weekly Chart....
One can invest in the scrip from long term view....
The most important part is this that it is a PSU.
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Post your comments and queries.
Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Cup and handle in Mishra dhatu NigamMIDHANI has formed a beautiful a beautiful cup and handle pattern from 2020. Now, the stock is standing near its neckline and is looking strong.
However, the stock has rallied from quite some time now so wait for consolidation after breakout or a retracement to get a good SL. Currently, 230 is a strong support.
Positional Target can be 350 which is 90 points(the length of handle above the neckline) .
Note:-Idea is shared for educational purposes and should not be considered as a recommendation.
NIFTY PSE - CNXPSE : BASE SET FOR A CHOSEN BETCNXPSE or NIFTY PSE - Public Sector Enterprise
All of you might be noticing that loads of public sector entities are touching new 52 week highs and even new lifetime highs and commanding a strong uptrend.
Rightly so as the wait of around 16 years is worth a really SWEET FRUIT.
I was myself never a fan of PSU stocks untill I noticed the changes and strength in this pocket in last couple of years.
The core sectors of Defense, power, energy, shipping etc are the constituents and the themes are really hot.
One more thing to notice is that the current Government is smart and monetizing it's asset; however they are just not monetizing, rather they are smart to get high and rich valuation of their assets, to reap better dividends and looking to strengthen these core sectors for Nation-wide growth.
The coming couple of years may belong to these sectors and the various other PSU.
The constituents of this index (PSE) are below; however this move is not limited to these stocks but much beyond that:
BEL
COALINDIA
COCHINSHIP
NBCC
NHPC
NLCINDIA
NTPC
ONGC
OIL
POWERGRID
SJVN
I would suggest close tracking and participation as per your choice with risk predefined.
NBCC : A NAVARATNA CPSE Sector#NBCC (India) Ltd
Positive sentiments in media after it bagged multiple new orders worth ₹541cr
Now at 37.60
For swing trading Taken position @ 36.30
SL Just Below the 50 EMA
R:R favourable
#stocks #StocksToBuy #StockMarket #investing #investment #SwingTrading
Disclaimer - All information on this page is for
educationaland learning purpose only.
Not SEBI registered financial advisor.
GAIL - Cup & Handle BO Technical Observations:
1) Cup & Handle Formation (Daily Framework)
2) Falling Trendline has been Broken & the Price has made a healthy retracement.
3) RSI at a Healthy 60.82 Zone
NSE:GAIL
Ps: Not a Buy Call/Investment Advice - Market Analysis Idea Sharing Only - Please Do Your Own Research.
Happy Investing, Stay Safe & Protect Your Capital
ONGC PSU, Good results and at verge of breakout. ONGC has posted a solid results this Q1 of FY 22-23
Stock has made higher lows and higher high formations.
Successful B/O at 131.6 range of historical resistance after retesting the Point of Confluence which is support of trendline and the B/O resistance turned support.
* Dividend announced of INR 3.25/- per equity share 18th Aug Ex -Div
Once can enter after retesting the trendline keeping SL below the retest area/ the lower candle before B/O or according to your analysis.
Targets can be set according to FIB levels and resistance levels.
One can hold this stock for long term as this is one big player in Oil and Gas Industry with good dividend history.
Please do a thorough analysis before entering the trade, this is not a recommendation / a trade call.
Please let me know your observations / opinions in the comment box below.
Please follow your risk reward appetite and your rules of trading and do not compromise with risks.