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RCF Analysis - Don't miss this opportunityNSE:RCF EDIT- 1st, 2nd, 3rd, 4th and 5th indicates attempts to break the trendline and not the date. The dates ( in MM/YYYY) are written below the attempt number. Rashtriya Chemicals and Fertilizers Limited (RCF) manufactures and markets various kinds of fertilizers such as urea, bio-fertilizers, micro-nutrients, water soluble fertilizers, soil conditioners etc. TTM EPS: 11.28 TTM PE: 8.39 Sector PE: 17.42 Book Value Per Share: 60.42 P/B: 1.57 Face Value: 10 Mkt Cap (Rs. Cr.): 5,218 Dividend Yield: 3.15 Some Positves: Rising Net Cash Flow and Cash from Operating activity Company with high TTM EPS Growth Strong Annual EPS Growth New 52 Week High Effectively using its capital to generate profit - RoCE improving in last 2 years Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year Efficient in managing Assets to generate Profits - ROA improving since last 2 year Increasing Revenue every Quarter for the past 4 Quarters Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years Company able to generate Net Cash - Improving Net Cash Flow for last 2 years Annual Net Profits improving for last 2 years Book Value per share Improving for last 2 years Company with Zero Promoter Pledge FII / FPI or Institutions increasing their shareholding Stock gained more than 20% in one month Strong Momentum: Price above short, medium and long term moving averages Some Negatives: Over the last 5 years, revenue has grown at a yearly rate of 0.23%, vs industry avg of 7.19% Over the last 5 years, net income has grown at a yearly rate of 17.29%, vs industry avg of 31.88% Over the last 5 years, market share decreased from 8.45% to 6.02% If sanctions over Russia are withdrawn then it may have a negative impact on Indian fertilizer companies. My Opinion: GoI is selling stake in RCF & NFL to reach Rs 23k crore disinvestment target. The company has double cash reserve than debt. Russia and Ukraine produce around 20-25% of global fertilizer production. The supply has taken hit and this presents a good opportunity for Indian companies. The volume indicates that the price will breakout the trendline this time. First target 100 above that 135-140 is very much possible in next 3 months. NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
NSE:RCFLong
by babutaaniket
Rupee Should Get stronger and come back to 75.5 Rs per Dollar Interesting Price Action and charts pattern are being observed in USD/INR currency pairs. 1. The Cup and Handle Formation. Cup formation can continue or Handle pattern can be formed and price can shoot up. As global situations are pacifying. We believe, rupee should get bit stronger. 2. All time high Resistance We have seen previously, sell of from these high levels in past. 3. ABCD harmonic According to these Rupee can test Neck of Harmonic, that can be around Rs75.5 4. Fibonacci Retracement If it tests 0.382 or 0.50 of Fibonacci levels, It should come back to Rs75.25 or Rs74.5 per dollar exchange rate in upcoming days. Trade on your own risk and analysis.
by About_Bazaar
A NEW BULLISH MOVE IN EVERESTIND???VK2413 #MONDAY# NSE:EVERESTIND BUY :- EVERESTIND !!! { TARGET:-724-750 SL:-608 }; WHY ONLY EVERESTIND ?? { <#EVERESHIND> VOLUME on past week is higher compared to its past month. It broke its all time high on 18/02/2022 with huge momentum and volume. But due to negative sentimental of RUSSIA-UKRAINE WAR it failed to hold. Even an INVERTED-HAMMER CANDLE was formed on 23/02/2022, since on next day RUSSIA DECLARED WAR ON UKRAINE Sentimental hit the stock it had a fall roughly around 10%. but Its FUNDAMENTALS are strong. FII increased their stakes during DEC-Quarter i.e. ,from 1.85% to 3.2%(NEARLY-DOUBLED). Once WAR over it will shoot higher ,have it on your radar. According to my research and knowledge, it's going to boom for Short-Term. } Like👍 , Follow🥰 ,🙏 Share love ❤️ ; } HAPPY TRADING;
NSE:EVERESTIND
by VK2413
EURUSD bears eye 1.1000 as Russia triggers flight-to-safetyAs Moscow proved the Western forecasts right by invading Kyiv, markets players rushed to risk safety on Thursday. The sour sentiment propelled prices of traditional safe-havens, like gold and USD, which in turn caused the EURUSD pair’s slump. The south-run also conquered three-month-old horizontal support around 1.1185-70. The same opened doors for the quote’s further weakness towards refreshing 2022 low, currently around 1.1120. This highlights the 61.8% Fibonacci Expansion of the pair’s moves between September 2021 and February 2022, around 1.1000. It should be noted, however, that oversold RSI and the strength of the psychological magnet can trigger the quote’s corrective pullback around 1.1000, if not then late May 2020 swing lows around 1.0870 will be in focus. That being said, the quote defends the horizontal area from November of late, which in turn teases buyers to aim for the December 2021 lows surrounding 1.1220. Following that, 23.6% Fibonacci retracement (Fibo.) of September-January declines, around 1.1300, should lure EURUSD bulls. Though, a convergence of the 21 and 50 DMAs, near 1.1330, will be a tough nut to crack for the buyers. On a bit broader scenario, double tops around 1.1480-85 and the monthly peak of 1.1495 act as crucial hurdles for buyer’s entry. Overall, the US dollar has the further upside to track until the geopolitical issue gets resolved, or at least tamed for the short-term.
by MTradingGlobal
NIFTY - Russia Ukraine Index CrashRussia-Ukraine has created panic around world markets and almost all global indexes are seeing big fall in numbers. Nifty which was already bearish turned received heavy selling today as well and have breached an important support line of 16400. However there is one more ascending trend line support available at around 16000 level which has worked in past when index consolidated for more than 60 days. Range starting from 15500-16000 last time was area of major action when lot of tussle happened between bulls and bears and finally breakout happened for further fresh rally. If price continue to fall we can except some kind of support along trendline highlighted on chart.
NSE:NIFTY
by MrGaggi
Gold refreshes multi-month high above $1,900 on Russia invasion Despite reversing from an eight-month high, gold prices recently crossed the stated key resistance, also rallied beyond June 2021 peak. Additionally, favoring gold buyers is the metal’s ability to stay above the previous double-tops, as well as a three-week-old support line, amid bullish MACD signals. However, the RSI pullback from the overbought territory may test the immediate rising trend line near $1,866, a break of which will highlight the $1879-77 region as the short-term buyer’s last defense. In a case where gold prices drop below $1,877, January’s peak of $1,853 will return to the chart but a convergence of the 100 and 200-DMA near $1,810 will be a tough nut to crack for the sellers afterward. Alternatively, tops marked in January 2021 and November 2020, respectively around $1,960 and $1,965, can lure the gold buyers before directing them to the $2,000 psychological magnet. Fundamentally, concerns of an imminent war between Russia and Ukraine join inflation woes to keep supporting the gold bulls. Though, firmer US Q4 GDP, second estimate, will propel 0.50% Fed-rate-hike concerns, which in turn can trigger short-term pullback of the precious metal.
OANDA:XAUUSD
by MTradingGlobal
Silver bulls eye 200-DMA on Russia-led risk-off moodAfter three consecutive weeks of upside, silver had a sober start to the current week as it marked the first negative daily closing in four. However, the latest anti-risk headlines, mainly concerning odds over the Russian invasion of Ukraine, help XAG/USD to refresh its monthly high. Also, the bright metal remains above a 13-day-old support line amid firmer RSI and MACD signals. As a result, bulls can keep the 200-DMA level of $24.30 on the radar once the quote pierces the $24.00 threshold. It should be noted, however, that the metal’s upside past-200-DMA may become difficult due to the RSI’s nearness to the overbought territory, if not then the previous monthly peak surrounding $24.70 should return to the charts ahead of directing buyers to $25.35 key hurdle. Meanwhile, pullback moves remain elusive until breaking the stated support line, around $23.65 at the latest. Following that, a downward trajectory towards the 100-DMA level near $23.30 and then to the $23.00 threshold can’t be ruled out. It’s worth noting that a 78.6% Fibonacci retracement (Fibo.) of September-November 2021 upside, near $22.20, should lure silver bears once they break $23.00. Overall, silver remains in the recovery mode with an intermediate pullback testing short-term technical support.
OANDA:XAGUSD
by MTradingGlobal
AUDUSD eyes further gains on upbeat sentiment, Aussie employmentAUDUSD justifies its risk-barometer status, also backed by an upbeat Aussie jobs report for January, during Thursday. The Aussie pair stays above the 50-DMA amid upbeat RSI and MACD conditions, suggesting further advances. However, the 100-DMA and a downward sloping trend line from mid-November 2021, around 0.7240-45, becomes a tough nut to crack for the pair buyers. Should the quote manage to cross the 0.7245 hurdle, January’s peak of 0.7313 will test the upside momentum before confirming the bullish trend towards the late 2021 high surrounding 0.7555. Meanwhile, the 50-DMA level of 0.7170, the 0.7100 round figure and the weekly bottom of 0.7085 restrict the short-term downside of the AUDUSD pair. Following that, 0.7050 and December 2021 low near 0.6990 will question the bears before directing them to the last month’s trough close to 0.6965. It’s worth noting that the RSI conditions may turn oversold and trigger the pair’s bounce off 0.6965, failing to do so will make the quote vulnerable to drop towards June 2020 swing low close to 0.6775.
by MTradingGlobal
And it Shines again !!!Gold CMP : $1878 As highlighted in a month ago on a pre-emptive move. Gold had witnessed a sharp rally of ~3.20% or ~$55 in last three days • After consolidating for almost 18 months in the range, The shining metal has breached the key resistance zone around $1840 • Technically, Gold breaking out on daily, weekly and monthly charts • Increasing Geopolitical tension makes investor rush for safe heaven bets • Gold has been broadly underperforming asset in 7-8 years In escalation of Russia – Ukraine tension, it is expected to head higher till $1920 where June’21 highs are placed. I continue my long bias on Gold. Interim target for the Precious metal is placed at $1922 and $1940 However, I also expect it could perform comparatively better in next 6 to 12 months.
TVC:GOLDLong
by viralkadecha
EURUSD bears eye mid-1.1200s on risk-off mood, Fed concernsBe it increasing chatters over a 0.50% rate hike by the Fed in March or the US, EU and the UK’s signals for Russia’s imminent invasion of Ukraine, the US dollar has everything needed to consolidate early February’s losses. The same dragged EURUSD during the last week, which portrayed multiple tops around 1.1480 before ending the week by resting on 200-SMA. Given the downbeat fundamentals and the quote’s inability to cross the 1.1480 hurdle, not to forget downbeat RSI and MACD conditions, the major currency pair is likely to mark further losses. That said, a clear downside break of the 200-SMA level near 1.1340 becomes necessary for the bears to aim for a six-week-old horizontal support zone around 1.1270-65. However, the quote’s further downside will make it vulnerable to conquer the 1.1200 threshold and aim for 1.1180 figures. Following that, January’s bottom of 1.1120 will be in focus. Alternatively, corrective pullback needs to cross the 50-SMA level near 1.1400 to portray another battle with the resistance area around 1.1480. Also challenging the EURUSD bulls is the 200-week SMA level surrounding the 1.1500 round figure. If at all the pair buyers remain dominant past 1.1500, the recovery moves need validation from October 2021 low near 1.1530 before heading towards the 200-DMA on the daily chart, surrounding 1.1660, also comprising the 100-week SMA on the weekly format.
Short
by MTradingGlobal