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Gujarat Alkalies – Rectangular Breakout above 381 & retest DoneEntry: above 405 ie CMP SL - 355 TRGT1 - 800 TRGT2 - 1290.9 DURATION - 2 Years All numbers are weekly based Bussiness model : Company produces Caustic Soda Lye, same is used in manufacturing of pulp and paper, alumina, Soap and Detergent petroleum products, few chemical production, water treatment, textiles, metal processing, mining, glass making. Co was making around 690 net profit pre covid. Even at 10x PE Co should be valued around 6900 crs. Hence traget1 of around 800 Debt to equity : 110 crs debt vs 4771 crs reserve Debt can be paid back with 3 months profit. So assume Co is debt free. Net profit and sales continues to grow at stable rate only exception was 2020 Covid Year Cash flow consistent over past 12 year. Dividend yeild 1.9% Book value 660 vs Market price 420 (0.63 times) Promotor holding 46.28 above average Volume accumulation seen on daily chart with rectangular breakout of 11 months. Stock is currently in pull back mode after its breakout so it's a good buy around 405 or higher whenever stock gives green candle on daily chart. There r few strong resistance (marked on chart black lines), so I'm not expecting quick profit booking on this script Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
NSE:GUJALKALILong
by SagirKazi
1
nifty buying side after breakout and retestHello guys i had find this trading setup in 15m time frame but its look very bullish in higher timeframe so we can trade above the breakout after price sustained above the channel resistance and will wait for retest and then will take entry with very low risk and high profit also do your own analysis before taking any trading decision also if you like my analysis plz like share and follow and don forget to do comment below thank you god bless you
NSE:NIFTYLong
by FOREXKING7786
TATA Motors - Swing Trade Weekly Time Frame - We have seen a news-based selling in TATA Motors with the stock correcting sharply from levels of 360 to near about 273-275. Since then it is trading in a range-bound manner near about a level of 300. We can see in the weekly time frame that the stock is consolidating in the zone of 300-360 on the back of reducing volumes. Chances of the stock giving a break down from the mentioned levels are lower as (1) the stock has excellent support near to the levels of 275-285 (2) Volumes are low as the stock tries to move down. Swing Target 1 - 360 (Stock retesting the upper end of the consolidation zone Swing Target 2 - 400-410 (Breakout from the consolidation zone backed with clear expansion in volume) Stop Loss - Below 275 (On a weekly closing basis)
NSE:TATAMOTORS
by NavneetRaj
Keep an eye on Lincoln Pharma for Swing Trade1. Making Higher highs & Fundamentally strong Stock. 2. Took support from 377 Support Zone with good volume 3. Only Disadvantage is the stock closed below round figure i.e, 400 4. If the Resistance zone Between 404-414 will break we can see a very good up move(Based on market conditions) 5. Enter only if 414 level breaks with good confirmation by keeping 404(if a candle closes below 404 in 15 min TF) as stop-loss. 6. 445 is 1st TGT & 480 is 2nd TGT *Always Enter With good confirmation & Maintain proper Risk Reward. **********Educational/informational purposes only. ********** >> Visit My Ideas Page for Daily Stock Analysis, Follow for Live Updates. <<
NSE:LINCOLNLong
by Ravitejasreevatsav
iifl finance buy zone 240- 270 can expect 345++ read descriptioniifl finance already corrected from 345 to 240 around 100 points and is range bound from many days so prefer to buy between 240-270 around + or - 10 points company fundamentally good and past qoq results are also good and is on circuit from last two days one can accumulate for long term hold of atleats 6m -1y might give 30-100% return disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
NSE:IIFLLong
by techno_funda_guy
3
IRCTC- Trade Setup for Sept Expiry WeekHourly Chart - After giving a marathon run the stock is consolidating in the range 3550 - 3940. Within the given range, since the last 2 trading sessions, the stock has remained in zone 3640 - 3750. Upon breakdown/breakout from the 90 points zone, below will be the swing trade opportunity Breakout - T1 - 3830 T2 - 3940 SL - 3640 Breakdown - T1 - 3550 T2 - 3400 SL - 3750 Do consider giving a like and following my page if the article delivered value to you :)
NSE:IRCTC
by NavneetRaj