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DCM Shriram - Continuation PatternA Continuation pattern is being formed. It may take some time to breakout, but it looks certain that when the breakout happens it could fly. Strong ability to service debt as the company has a low Debt to EBITDA ratio of 0.09 times The company has declared positive results in Dec'2024 after 3 consecutive negative quarters PBT LESS OI(Q) At Rs 344.43 cr has Grown at 102.5 % PAT(Q) At Rs 262.14 cr has Grown at 101.1 % CASH AND CASH EQUIVALENTS(HY) Highest at Rs 1,756.50 cr With ROE of 7.9, it has a Fair valuation with a 2.7 Price to Book Value The stock is trading at a premium compared to its average historical valuations While the stock has generated a return of 12.40%, its profits have risen by 5.3% PEG ratio of the company is 6.26
NSE:DCMSHRIRAMLong
by CannySunny
SRF LTD - Long Range Breakout ?Simple Chart - Long Consolidation ( Flag Pattern ). Targets could be higher as well but taking it one by one due to overall market volatility. Fundamentally : The company has declared Negative results for the last 7 consecutive quarters PAT(9M) At Rs 724.72 cr has Grown at -20.67 % INTEREST(9M) At Rs 286.57 cr has Grown at 21.09 % ROCE(HY) Lowest at 10.25 However looking at the chart, something has changed fundamentally which is why there is demand coming in from big players. Specialty Chemical Outlook:- Anticipate good Agro Demand in Q4 with significant improvement over Q3 Fluorochem Outlook:- Q4 to perform significantly better ; Supported by higher HFC Volumes. Packaging Film Outlook:- Demand -Supply imbalance to continue but will soften.
NSE:SRFLong
by CannySunny
MAZDOCK - Ready for the next moveThe stock has been a market favorite. Technically it has cooled down owing to the Wave analysis which every stock goes through. Overall the Stock is in Stage 2. The stock is now gearing up to give Range Breakout. On the Fundamental side: - Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 24.14% - Healthy long term growth as Net Sales has grown by an annual rate of 24.97% and Operating profit at 94.40% - Company has a low Debt to Equity ratio (avg) at 0 times - The company has declared Positive results for the last 8 consecutive quarters - NET SALES(9M) At Rs 8,217.50 cr has Grown at 35.18 % - ROCE(HY) Highest at 44.63 % - INVENTORY TURNOVER RATIO(HY) Highest at 2.19 times - Increasing Participation by Institutional Investors. Institutional investors have increased their stake by 0.56% over the previous quarter and collectively hold 3.02% of the company.
NSE:MAZDOCKLong
by CannySunny
4
Praj Industries Ltd - Trading BoxPraj Industries Ltd has formed a rounding pattern from November 2023 to June 2024, followed by a breakout and subsequent retest. Although the price initially surged, the target has not yet been reached. Currently, the stock is trading in a range with support at 715 and resistance around 820. Recent high volumes suggest a potential upside breakout is imminent, with both the range target and rounding pattern target aligning at 950. This confluence strengthens the bullish outlook for the stock. Disclaimer Please Note Above analysis will work if price pierced and closed above resistance zone.
NSE:PRAJINDLong
by Arvind_Share_Academy
2
NIFTY50: (THE BROADER PICTURE) HEY FAM, - As you see in the pictorial representation of NSE:NIFTY , the index took an upsurge at around 13th June, 2023 with a gap-up opening which happens to the level of previous month high (PMH). - Moving on we also see a PEMA crossover with an initial retest of price at Monthly H3 (MH3) level which shows that monthly responsive players are in action now when the price takes the first support from marked zone that is -> (PMH - MH3) - Now in the same week we form a Weekly high (PWH) at around 19th June, 2023 which you can see comes in a beautiful confluence with the level of Monthly H4 (MH4) thus making it a hot level on the upper side which is why the line is marked as 'orange'. - Fast forward to this current week, we have a reference that the index has a responsive range of around 210 points which is clearly marked on the chart too. - This week beautifully shows the fight between the weekly and monthly responsive players trying to break through from the responsive range and thus open gates for their respective initiative players to race towards their range targets. NOTE: I hope you understand the broader picture now and can also testify how simple things can be if you just connect the respective dots from multiple pivot timeframe. So, I think that this information through a brief pictorial representation helps you in further projects and the same time shows you one of the way you can use PIVOT STUDY WITHOUT EVEN APPLYING ANY INDICATOR!! Let me know your thoughts upon this publish in the comment section. THANK YOU
NSE:NIFTY
by PivotMinati
11
PostMortem on BankNifty Today & Analysis of 19 APR 2023NSE:BANKNIFTY had a narrow range based trade today with a minor negative bias. Yesterday's swing low was breached by 13.40, but it does not pose a major scare yet! The pattern may look bearish on the 5mts TF, but it actually isnt. Banknifty is comparatively outperforming the Nifty50 and NiftyIT index for the last 3 days. NSE:BANKNIFTY did not have enough momentum to take out the swing high or breach the 42576 levels. This along with the weak sentiment in Nifty50 would have prompted the bulls to take a small break today. There was no violent price moves or support/resistance breaks - this again ensured that the option prices remain low on the penultimate day of weekly expiry. --- The unusual low options premium in bank nifty options are nudging traders like me to switch back to Nifty50 options. I am hoping that this decoupling of banknifty with nifty50 may not last long and the volatility will normalize in the days ahead. --- The 15mts chart has not turned bearish yet. What we see could just be a consolidation. If banknifty is planning to reverse direction at this level - the the first support of 41624 has to be taken out in the next 2 days. Only if the support is taken out quickly, the momentum will favor the dip. --- 1hr chart is still looking strong, the 2 prominent gap-ups standing out boldly. It might be interesting to watch out how the global markets react to the EURO, UK CPI data today. If there are more rate hikes in pipeline - then we may have a weak global sentiment again!
NSE:BANKNIFTY
by viswaram
Range StockHDFCLIFE is in a Range since it has been listed in the market and is continuously making higher highs and Higher Lows in a weekly time frame which suggests that it is in a UPTREND and therefore can be bought at the last support level for a potential next upswing. It has come back to its support and further trading at the trendline where potentially it can take support. A very short risk can be taken for a potentially big profits at this level, which makes it a highly favorable trade in risk reward ratio perspective. ENTRY - can be made at the same level i.e. 495 Stop Loss- at the last low i.e 470 Reward - at the last resistance i.e 600 and then range resistance and then at next resistance i.e. 650. *This is HIGH RISK HIGH REWARD trade. Use Stop Loss POSITIVELY in the market. *preservation of capital in the market is the first step of a profitable Trader.
NSE:HDFCLIFELong
by rohitbansal1212
Nifty: Important levels for November series expiry Nifty November series has seen a decent up tick Observations - In the last couple of days above 18200, Volumes have dropped - 18180 is an important level to watch out for the November series Important levels to watch out for on the lower side 18180 / 18133 / 18036 Important levels to watch out for on the upside 18228 / 18304-18323 odd levels With 2 and a half days to go, as of now expiry range likely to be between 18036 - 18323 Take care & safe trading...!!!
NSE:NIFTY
by indiamarketoutlook