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Rsibreakout

SUNFLAG IRON & STEELMarket Cap 1,608 Cr. Promoter holding 51.2 % Pledged percentage 0.00 % Intrinsic Value 453 Stock P/E 7.72 Industry PE 16.70 ROCE 15.8 % ROCE3yr avg 12.2 % ROE 13.2 % ROE 5Yr 11.6 % OPM 12.7 % EBIDT growth 3Years 17.5 % Debt to equity 0.21 EPS 61 vs 12 last year The product range includes : Rolled products, Billet/Bloom, Ingots, and Bright Bars etc. of varied shape and size range. These products are mainly used for manufacturing Automotive Transmission Gears, Drive Shafts, Steering System, Bearings, Exhaust System and other Engine Components to to various customers in South East Asian, North American and South American Countries, East African Countries, Europe, Japan, Taiwan and China. It also supplies to Railways and Defence for critical/core applications. The company owns and operates only 1 steel manufacturing plant in Bhandara, Maharashtra with a capacity of producing 5,00,000 tonnes p.a. of high-quality special steel. It has facilities like Sponge Iron Plant, Mini blast furnace, sinter plant, 30 MW captive power plant and other facilities. The company is venturing into manufacturing of Super Alloy, which is an alloy for high performance applications like Aircraft Parts, Armaments, Submarine Parts, Space Vehicle and Rocket Engines, Nuclear Reactor, Supercritical Power Plants, etc. It received major machinery for commissioning its Super Alloy Project but due to lockdown the engineers from Germany at the Company's project site have been called back by their Government.
NSE:SUNFLAGLong
by CannySunny
2
FOSECO INDIAMarket Cap 1,284 Cr. Stock P/E 30.7 Industry PE 27.4 Dividend Yield 1.24 % ROCE 22.2 % ROE 16.6 % OPM 14.5 % Promoter holding 75.0 % Pledged percentage 0 % Free Cash Flow 14.4 Cr. EPS 65.5 vs 51.2 - Foseco India Limited is engaged in the manufacture of products used in the metallurgical industry which are in the nature of additives and consumables that improve the physical properties and performance of castings. - Key products and services include Industrial Dry Powders, Coating Products, Resin Products, Ceramic Filters and Exothermic Sleeves. - It services the needs of Automotive, Railway and Heavy Transport, Construction and Mining, General Engineering and Petro-Chemicals and Power. -The Co has state of the art manufacturing facilities in Pune and Pondicherry. It also imports products from its group manufacturing locations in other parts of the world. The company operates in a cellular manufacturing structure.
NSE:FOSECOINDLong
by CannySunny
Keep a watch on SymphonyThe stock of Symphony has been following a descending triangle pattern. It has a strong demand zone near 800 levels and currently, its looking to give a bullish breakout from the trendline resistance. Next supply zone is around 1200-1220 levels. The company has also announced a buyback at Rs. 2000/ share. Also, the summer heat might help boost the revenue in Q4 2023. These factors can support the breakout. So, do keep this stock in watchlist as it is currently trading above 200 Weekly EMA and RSI breakout is also done. Idea is shared only for educational purposes and please trade according to your research.
NSE:SYMPHONYLong
by chartistamey
Power Grid - Start Charging with +ve1. On daily chart with technical view I have seen bullish trendline breakout with upside move. 2. The closing price is also closed above 68% FAB retracement level which also shows positive trend. 3. MA i.e. 21-11 cross over is seen upward move. 4. RSI is near to 70 i.e. 68. I can see 20 to 25 points upside move in near short term. P.S. This technical analysis is my personal view and for education purpose. Before taking any action pl get advise from your financial advisor
NSE:POWERGRIDLong
by Alpha9982
1
#Coforge ready to give 9% upmove, RSI breakout tradeAs per weekly chart Coforge is looking quite strong, Weekly RSI has already broken out of its resistance of 48. Personally I would want weekly RSI to be above 55 for bigger upmove or price to give pullback to 3645 levels. I will be keeping eye on this counter for quick 5-6% gain if price sustain above 3700 levels, or price to give pullback to 3645 level for great risk reward trade. In both cases my SL would be closing below 3400. Quite interesting counter to keep tab on for next few days, always respect risk. Happy Investing & trading :)
NSE:COFORGELong
by ssudhirsharma11
Bull counter attack in Granules IndiaGranules India has maintained support of 340 price level after breakout. As identified in chart, Bull has made counter attack the bear candle. RSI is also increase by taking support of 60 levels,this shows stock is still in bullish momentum. If volume is consider, current candle has above average volume. Target of 395 can be achieved in upcoming days. Traders are requested to do their own analysis before taking actual trade. Happy Trading!!!
NSE:GRANULESLong
by Darshan_Panchal
Dual breakout in Banknifty !!!!As, chart says banknifty have given breakout above 200DEMA where, it has faced resistance 3 times earlier. RSI above 60 indicating strength in breakout and confirms it's reliability. Also, breakout from inverted head & shoulder pattern is visible. Minimum target of this pattern comes to 36150 but it can move above this also. I'll try to publish an elaborate idea on banknifty as it's PE stands on 17.71 below 1,3,5yrs average and has strong buying interest at 15.54.
NSE:BANKNIFTY1!Long
by Chaser30
2
Have a 'CUP' of tea with 'CRISIL' !!!!Crisil have given breakout from a cup and handle formation above 3500 with peak volumes showing huge buying interest and sudden change in sentiment. Both RSI and MACD are showing positive signs. RSI has breached above 60 which confirms that bulls are very strong. MACD has also shown crossover which confirms change in sentiment. Precaution:- Since broader market are in negative node and there is death cross in Nifty so try to buy near breakout level rather than catching at higher prices for better risk-reward.
NSE:CRISILLong
by Chaser30
Hero moto case studyHERO MOTO SPOT CMP 2675 HARMONIC STUDY TIME FRAME :- HOURLY Bullish Bat pattern formation on hourly time frame. PRZ in range 2670-2640 Reversal confirmation above 2730 pattern violation below 2600 levels Upside retracement levels of 2780-2815 possible Triple bullish divergence on RSI where price made lower low 3 time and RSI made higher lows RSI have given breakout and retest of falling trend line and now on verge to break above previous high levels, indicate bullish price action ahead. Descending triangle pattern formation , having breakout confirmation above 2690 levels ,, which would lead to measured move of 90 points ,, Trade type :- Swing -Time horizon :- 7-10 trading sessions Good long candidate.
NSE:HEROMOTOCOLong
by RUDRA007