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Laurus Labs - A momentum StockAfter a good uptrend, the stock has seen a price correction or one should say weak hand removal. This becomes a good accumulation zone for the sharks. The stock has been taking support at same level which shows that there is strong buying at that level. The stock has been outperforming the sectoral as well as benchmark index. A gap up today confirms that the momentum is still ON. But watch out for the current level at which the stock is trading, It has spent a lot of time at this level which becomes a good supply zone. Also, see the 1H chart the current point is acting as a resistance. It is also at a crucial fib level. A decent closing above this point on H time frame will take the stock again to 720 levels. And now that you are on 1H chart, notice the volumes with increase in price. I am sure you will also analyse this stock and make a entry acc to your setup. Do comment any contrary view or anything else you would want to know further:) Happy Trading!
NSE:LAURUSLABSLong
by Ankit_Oberoi
12
SAGAR CEMENT looks good PositionallyChart Structure: - Price broke out of a Darvas Box Consolidation on May Mid. - After little consolidation, it again went up to All-Time-High range & consolidated again for a bit. - Price broke an All-time-high and rallied again. - Since Darvas Breakout, the stock rallied around 88% - Post Rally, the stock has been consolidating again and took a 14% breather only. Sectoral Performance: - CNXINFRA has been outperforming Nifty in 1Y, 6M, 3M & 1M timeframes. - In all the above timeframes, the stock is outperforming its Sector as well as Nifty50. - The S&P Reality Index has broken out of its Range on 22nd September and rallying up along with the stocks. - The current push in the Realty sector will also bring Sectoral Tailwinds for the stock. Relative Strength: - After becoming RS+ on 10th June (with the new ARS Date) the relative strength has significantly improved. - The outperformance went up to 11th August, till the stock rallied and came down a bit. - During the consolidation phase, the spread performance came down under 50MA. - Yesterday, the spread value has crossed 21-MA, and again will try to cross over 50-spread MA. - Public & Pro values have also seen positive crossover on 17th September. Volume & Deliveries: - Huge Accumulation was done on 15th & 16th June with 4.79 lac shares delivered (2.39 lac/day) while Avg. before was 17.2k shares per day. - The POC of Rally between 20th July to 4th Aug is around Rs. 272/- - Post Rally, 12.56 lac shares delivered with Avg. 2.51 lac shares per day just before dry volume consolidation. - Between 20th July & 25th August for 24 sessions, the Last 30 minutes Volumes had significantly increased compared to other days. (This suggest Big Hands Buying) - During consolidation the price tried to breach POC levels of 272/- 5 times, but every time good buying (Session) volume was witnessed, keeping the price above POC. - Link for Volume Study - Financial Performance: - June Quarterly numbers were mostly flat with a slight decline in Sales. - Sales Growth - QoQ: -6% / YoY: 49% - PBT Growth - QoQ: 3% / YoY: 40% - PAT Growth - QoQ: 2% / YoY: 42% Consolidation Behaviour: - From 24th August, the stock price is consolidating on a thin Range of 9.5% between 266.10 & 295.00 in 22 sessions. - Price has been consolidating now above 50-MA for the last 10 sessions. - This consolidation has seen 7 Blast-off Candles in Day TF & 2 Weekly Blast-off Candles. - This behavior of Blast-offs has been seen 3 times during consolidation before 25%, 30% & 37% up move. - The 21-day Average of Absolute value (Open-Close) during consolidation is Positive (43.70) - The 14-day Average of Absolute value (Open-Close) during consolidation is also Positive (25.35) - Both Absolute Value Averages suggest buyers are having the upper hand during the consolidation. A good stock to study further & keep an eye upon.
NSE:SAGCEMLong
by AmanSaraf
1
GNA AXLES (Short Term Study)- Stock in Uptrend - ✓ - All Time Breakout & Pull Back - ✓ - Huge Volume During Breakout - ✓ - Accumulative Volumes before Breakout - ✓ - Previous swing High Breakout - ✓ - 4.6x delivery volumes during breakout - ✓ - Promoter group continuously buying shares - ✓ - Stock Outperforming Nifty & its Sector - ✓ - Spread Chart Breakout - ✓ - Increasing Relative Strength - ✓ - Positive Qtrly Performance - ✓ All logical parameters met for Short Term Trade - ✓
NSE:GNALong
by AmanSaraf
ALLCARGO Logistics (Positional Study)Let us study ALLCARGO Logistics for Positional Investment prospects. Chart Structure: - Price has broken out All-Time-High of 2018. - Price has crossed the previous swing high above ATH. - Stock is in an uptrend since May. Volume & Deliveries: - Huge deliveries had happened in July & August near ATH Range. - From 19th July to 4th Aug. 2.04 cr. shares were delivered with an Average of 17.01 lac shares per day. The previous average was 2.63 lac shares /day. (Average price = 186.54/- per share) - From 10th to 17th August, again 60 lac shares were delivered with an Average of 15.06 lac shares per day. (Average price 207.86/- per share) - Huge accumulation has been witnessed near the All-Time-High Price Range. Relative Strength: - Stock became RS positive on 25th June. - Since becoming RS+ stock has not Flipped-Flopped and was only increasing. - Stock is outperforming Nifty50 as well as Midcap100 index. - Stock is outperforming its sector & benchmark in all 1W, 1M, 3M, 6M, 1Y, 2Y & 5Y timeframe. Financial Performance: - ALLCARGO's Q1 Sales growth was 3% QoQ & 66% YoY - Q1 PBT growth stood at 1019% QoQ & 442% YoY - Q1 PAT growth stood at 117% QoQ & 144% YoY Sectoral Performance: - Logistics sector has broken out of its previous high on 2nd September. - The sector is outperforming the Nifty & Midcap index. - Outperformance in the sectoral index has again started after 2nd September when the Spread chart value has crossed over its 50MA. Good stock for positional study.
NSE:ALLCARGOLong
by AmanSaraf
1
MASTEK looks good PositionallyChart Structure: - Stock is in a continuous uptrend since May. - Currently, the price is near the All-time High Range (It might close at ATH) - Price is around 2793.45 at the time of the study. Volume & Deliveries: - Huge accumulation has been seen in the second half of July. - Around 9.48 lac shares were delivered during the period with an average delivery of 1.58 lac shares/day whereas the average deliveries prior was 53,000 shares/day. - Above-average deliveries are being seen in the first half of August. - On 1st September around 1.88 lac shares were delivered (around 5x of current average) - 3 Mutual Funds bought the Significant Quantity of shares in July whereas 5 MFs reduced small quantities of MASTEK in their portfolio. Relative Strength: - MASTEK is Relatively stronger than Nifty50 as well as the Midcap index. - It has outperformed the Nifty50 & its Sector (Nifty-IT) in 1W, 1M, 3M, 6M, 1Y, 2Y & 5Y timeframes. - Historical chart data shows that Mastek has performed well when it became RS positive and gave significant returns while outperforming the Markets. - After becoming RS positive in April (with the new ARS date) RS has improved significantly and not flipped flopped. - While Nifty & Midcap corrected, MASTEK has shown little correction. - Spread Chart breakout has been observed 3 sessions back. Financial Performance: - Q1 sales growth stood at 7% QoQ & 34% YoY - Q1 PBT growth stood at 9% QoQ & 49% YoY - Q1 PAT growth stood at 13% QoQ & 73% YoY - Overall financials have improved. Sectoral Performance: - Since its breakout on 15th July, Nifty IT has grown by 17.5% - The sector is consistently outperforming Nifty50 significantly. - MASTEK has outperformed Nifty-IT on 1W, 3M, 6M & 1Y timeframes. TLDR (Too Long Didn't Read): - Stock is near ATH - Stock has good volume & deliveries - Stock's RS is strong, outperforming Nifty & Sector. - Co.'s financial performance was good in Q1. A good Stock to Study & keep eyes upon.
NSE:MASTEKLong
by AmanSaraf
FORTIS looks lood positionallyChart Structure: - Price came out of Darvas Box consolidation on 17th August. - Consolidation was happening from May to August. - After the Range breakout, the price took a little pullback. Volume & Deliveries: - During the consolidation phase, many days with positive volume activities were witnessed. - Average Deliveries were 10.79 lac shares per day before Darvas Breakout. - During breakout the average deliveries per day were 38.60 lac shares. - In total, 7 sessions during the breakout, a total of 2.70 crore shares were delivered. - Out of 2.70 crores, 41.86 lac shares were purchased by The Big Bull (Rakesh Jhunjhnwala) - During the month of July, 19 Mutual Funds have increased their Holdings in Fortis whereas 8 Mutual Funds has decreased their holdings. Relative Strength: - From 8th March, the stock started outperforming Nifty in absolute terms in 6 months TF & from Adaptive RS date 16-Feb 2021 - Since then, the stock is outperforming Nifty as well as the Midcap index. - Stock is outperforming the benchmark index and its sectoral index in 1W, 1M, 3M, 6M, 1Y & 2Y Timeframes. - First Spread chart breakout happened on 18th August & the Second Spread breakout happened today on 27th August. - With its performance in all timeframes and spread breakouts, it is established that the stock is an absolute outperformed, a Tendulkar indeed. Company's Financial Performance: - Fortis's Sales growth QoQ is 13% & 133% YoY - PBT Growth stood at 342% QoQ & 1179% YoY - PAT growth stood at 514% QoQ & 6700% YoY - Overall company has posted super Quarterly numbers. Sectoral Performance: - A breakout happened after a consolidation of 2 months in the Healthcare Index (custom) and the index rose by 19.50% from that point. Another breakout happened recently on 16th August. - Healthcare index is outperforming Nifty & the Midcap index in both short term (55) & long term (123) Other Note-worthy points: - Due to the geopolitical tensions happening due to the Afghanistan situation and due to the fear of the third wave of Covid, the institutional money has been shifting towards defensive sectors, like FMGC, Pharma etc. - In this point, Big Bull has also increased his positions in Fortis, now owning more than 5% of the company. - Due to these sectoral tailwinds and other factors, the stock is expected to perform well. Most of the above-discussed factors look positive in favor of Fortis. The stock giving favorable returns positionally is probable.
NSE:FORTISLong
by AmanSaraf
4
INDY/EEM Reaching All Time HighsINDY/EEM relative strength chart is reaching its all time high since the introduction of INDY ETF in Nov' 2009. Background info: INDY is the Nifty 50 ETF trading on NASDAQ which mimics the Nifty 50 index. EEM is the MSCI Emerging Markets ETF which invests funds in emerging markets such as China, India, Hong Kong, South Korea, South-east Asia etc. INDY has been rising sharply against EEM thanks to a) Nifty breaching all-time highs and b) Chinese stocks being beaten due to Chinese regulations against their ed-tech companies last month. Will the INDY/EEM break out from its all time highs or will this resistance lead to a drag in the INDY vis-a-vis the EEM as it did in 2019? We will be watching the price action.
NASDAQ:INDYEducation
by vipulmehta817