PURVA Analysis & PredictionThis is the analysis of PURVA in Daily Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the 2 YEARS HIGH with volume. It can retest the breakout level. If it will sustain above the breakout level, it is good for the stock. Generally Multiyear Breakout is a bullish signal for stocks.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About PURVA :
Puravankara Ltd. engages in real estate development. Its projects include Zentech Business Park, Purva Meraki, Lakevista, Orient Grand, Park Hill, Celestial, Hibiscus, Bluebelle, Oakshire, Aerocity. It also focuses on ready-to-move (RTM) properties. The company was founded by Ravi Puravankara in 1975 and is headquartered in Bengaluru, India.
PURVA
PURVA - Ichimoku Breakout📈 Stock Name - Puravankara Projects Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 295.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Breakout in Puravankara Projects Limited...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
PURAVANKARA - Bullish BreakoutThis realty stock has shown a breakout with decent volumes.
Considering that realty is the flavor of the season, coupled with trend and technicals suggest that it can be bought for a target of 134 if it crosses and sustains over 118.
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NIFTY REALTY - The Next Game Changer ?Very bullish on many Realty stocks since the index has completed a breakout and retest of resistance on a 12 year Box.
Also, from a pattern perspective, I see an Inverted Head and Shoulder Pattern which again is one of my favorites.
This space is a long term play and to get good returns, Patience will be the key.
The charts here are on Weekly Time frame which means the holding period should be not less than 3 months.
Hold it for over a year !
Some individual personal favorite picks from the sector are here below.
Red line - Stop loss (or as per your risk appetite)
Green Lines - Targets
Blue Line- Entry above Closing.
Prestige Estates -
Puravankara -
Godrej Properties -
Oberoi Realty -
Sobha -
Brigade Enterprise -
Mahindra Lifespace -
Phoenix Mills -
Puravankara - Undervalued Stock changing TrendIt has been observed that the price action dipped below the book value of the company, which is providing a good opportunity to buy as an undervalued company at discount of 20% from its book value. The price action dipped due to the recent down turn in the realestate market due to Government policy changes in recent year like Demonetization, GST and other. But the company still sustained their profitability and continues to generate sustainable profits with good control on debts.
Book Value: 101
P/E: 13.74
Debt to Equity: 0.86
Market Cap: 1900 Cr.
Resources: Screener.in
Short term view:
T1- 100
T2- 110
SL- 85
Long term View:
T1- 125
T2-150
SL-75