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Positional or Longterm Opportunity in GAILGo Long @ 188.55 for Targets of 208, 221.15, and 237.45 with SL 180.4 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Hammer (marked with orange) is formed around the 0.382 Fibonacci level. 3. Also there is a strong Trendline (marked with green color) which supports the stock.
NSE:GAILLong
by Nimish_Ghagare
Container Corporation of India Ltd (CONCOR) READY TO CONQUERContainer Corporation of India Ltd (CONCOR) provides inland container transportation by rail and manages ports, air cargo complexes, and cold chains. It has a market cap of ₹47,778 Cr. The company is almost debt-free and maintains a healthy dividend payout of 54.9%. Technical Analysis : Respecting its previous low and forming a triple bottom type structure. On the weekly chart, it has formed a bullish harami candlestick pattern in a downtrend, which is a confirmation to go long. With a very small stop loss of 25 point s, one can aim for the target mentioned and trail accordingly.
NSE:CONCORLong
by Vikrant_Mighty
1
Hammer Candlestick Pattern on support zone in Bajaj FinanceHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a short term swing Trading Idea in Bajaj finance. Stock have formed hammer candlestick pattern on perfect support zone, Bajaj finance stock is trading inside the triangle pattern and chances are very high that we can see this towards upper resistance of triangle pattern which i plotted on chart above. Overall i feel stock should rise from here and no double over the period if we can see most awaited breakout in Bajaj Finance. Technically stock is looking good for swing trade, and also if anybody wants to think for long term can take entry as chances are high that this time after spending some time we will see finally breakout in it. Please follow strictly stop loss which i mention above on chart, it will save you if something goes against to our analysis. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:BAJFINANCELong
by TraderRahulPal
2
Hammer Candlestick Pattern Seen at bottom in Axis BankHello everyone i hope you all will be doing good in your life and your trading as well. Today i have brought axis bank analysis which is has formed Hammer candlestick pattern at bottom of Important support zone, Axis Bank Limited is a private sector bank. It has the third-largest network of branches among private sector banks and an international presence through branches in DIFC (Dubai) and Singapore along with representative offices in Abu Dhabi, Sharjah, Dhaka and Dubai and an offshore banking unit in GIFT City Market Leadership - 3rd largest private sector bank in India - 4th largest issuer of credit cards - 19.8% market share in FY24 Branch Network In FY24, Bank added 475 branches (125 in Q4FY24) to its network. At present, it has a total of 5377 branches, 16,026 ATMs and Cash recyclers. The region-wise breakup of branches is as follows: Metro - 31% Semi-urban - 29% Urban - 23% Rural - 17% Loan Book Retail loans account for 60% of bank's loan book and corporate 29% & SME loans 11%. Retail Book Home loans account for 28% of retail book, followed by rural loans (16%), LAP(11%), Auto loans(10%), personal loans(12%) , small business banking (10%), credit cards (7%), Comm Equipment (2%) & others (4%) Market Share FY24 - Bank has 5.5% market share in assets, 5% in deposits & 5.9% in advances. - 14% in credit cards circulation in India. - 5.2% market share in personal loan. - 4% RTGS, 30% NEFT, 38.9% IMPS Market share (by volume),20% Market share in BBPS. - 11.4% Foreign LC Market Share. - 8.4% market share of MSME credit. Fundamental (Ratio) Analysis - P/E ratio is 12.69 - P/E ratio is 12.69 which is lower than it's 5 years Average P/E 28.22 - D/E 1.46 has reduced as compared to last year's D/E 1.59 - ROCE is 14.16% - ROCE 14.16% has increased as compared to last year's ROCE 9.26% - ROE is 18.51% - ROE 14.16% has increased as compared to last year's ROE 9.26% - ROCE 14.16% is higher than 5 years ROCE average 9.19% - ROE 18.51% is higher than 5 years ROE average 10.03% - PEG ratio is 0.61 - Operating Profit Margin (EBITDA Margin) 8.82% has improved as compared to last year's OPM - 0.31% - NPM is 23.4% - Net Profit Margin (PAT Margin) 23.4% has improved as compared to last year's NPM 12.37% - Annual Sales has grown by 28.94% - Annual Profit has grown over by 143.91% - 3 Years Sales CAGR is 20.96% - 3 Years Profit CAGR is 142.38% - Quarterly Sales has grown over by 15.26% YoY - Quarterly Profit has grown over by 19.16% YoY - Quarterly Profit has grown over by 14.87% QoQ - DII have increased their stakes by 1.72% in the latest quarter (29.4% to 31.12%) - Retail/Public have reduced their stakes by 0.91% in last 3 years - Promoters + FIIs + DIIs hold 91.18% in the company Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
NSE:AXISBANKLong
by TraderRahulPal
Easy 20% return with Piccadily Agro IndustriesBSE:PICCADIL looks perfectly poised to give a solid 20% return to investors with a short term horizon. Technicals: When we see the candlestick chart on a daily basis, it is trading at 750 which lies in between its nearest support at 700 and nearest resistance of 780. The MACD indicator points in the direction of an uprise with a healthy positive value. Fundamentals: BSE:PICCADIL is a very fundamentally strong stock. It has high ROCE and ROE of 29.6% and 30.6% respectively. BSE:PICCADIL QoQ sales have increased by 62% and QoQ profits have increased by 121%. This shows it has got healthy growth going forward. Also its revenue mix is starting to be dominated by the distillery segment over its sugar segment. This showcases BSE:PICCADIL has diversified in the right direction, in turn unlocking more value for its shareholders. Trade Setup: Buy BSE:PICCADIL when it hits 780, place a stop loss at 720 and a sell order at 960.
BSE:PICCADILLong
by Aryan_Devaiah
Positional or Longterm Opportunity on NHPCGo Long @ 84.65 for Targets of 91.6, 98.55, 105.5 and 112.45 with SL 77.7 Reasons to go Long : 1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Harami (marked with orange color) is formed around the 0.382 Fibonacci level. 3. Also there is a strong support zone (marked with green color), from which the stock is taking support and moving up.
NSE:NHPCLong
by Nimish_Ghagare
2
Swing Opportunity in Jindal SteelGo Long @ 932.05 for Targets of 958.1, 996.5, and 1020 with SL 906 Reasons to go Long : 1. On a Daily timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Engulfing (marked with orange) is formed around the 0.382 Fibonacci level. 3. Also there is a strong Trendline (marked with green color) which supports the stock.
NSE:JINDALSTELLong
by Nimish_Ghagare
Ultracemco - Three day candlestick Pattern with BreakoutUltracemco has been trading within a range of ₹11,000 to ₹11,400 for the past few weeks. Today, the stock broke out of this range with significant volume, confirming the strength of the price movement. The depth of the market also reveals strong buying interest, further supporting the bullish outlook. Additionally, the stock recently formed a three-day candlestick pattern known as the Morning Star, which typically signals a potential reversal and a shift in market sentiment. Given these factors, Ultracemco appears poised to advance towards its key resistance level of ₹12,000. The stock has been testing this resistance for the past three months, and a successful breakout could indicate further upside potential.
NSE:ULTRACEMCOLong
by muzammil48322
Nifty weekly analysis for 28/08/2024.Nifty is stuck in a range and has slowly recovered after a retest. Yet there were no opportunities for option buyers this week. If the market breaks out of the range, there are high chance of a fake out, as it has been rallying for last few days. Small quantities can be traded in a bullish trade. In case of break down, a good profit booking rally can be captured. Major levels :- 24870, 24960, 25050 The supports are nearby and market can reverse after testing the zones. Index seems strong and a double top formation can be seen this week. A bearish positonal trade can be created if there negative candlestick formation is there. Support levels :- 24740, 24600 Wait for the price action near the levels before entering the trade.
NSE:NIFTY
by TheMamboMomentum
Pull Back Pattern Seen with Long Lower Shadow Hammer CandlestickHello everyone, i hope you all will be enjoying the weekend, but let's do some learning now.. i have found a stock which has shown a pull back pattern with long lower shadow hammer candlestick pattern on weekly chart. Stock name is Share India Securities Ltd and it is a financial service provider that uses technology to offer customized capital market tech-based solutions to clients. It offers financial products & personalized services, including equity broking, currency & commodity derivative, depository participant services, mutual fund advisory and distributorship, etc to retail and corporate clients. The co. has a PAN India presence with 61 branches of NBFC business and, 293 sub-brokers/franchisees. Let's learn about the pattern which i have written in Title:- Q:- What is Pull back pattern? Ans by Rahul:- Pullback is a term used in stock trading that refers to a price decline from an existing high point. This decline is usually temporary and serves as a correction after an upward trend. Pullbacks are common in the stock market, and they offer traders opportunities to buy stocks at discounted prices. Q:- How to Trade Pull back patterns? Ans by Rahul:- For trading pull back pattern there is strategy and this strategy works by waiting for a stock’s price to decline from previous highs before buying it. The idea is that when there is a dip in prices, there is usually an opportunity for investors to buy into the stocks at lower prices, and then sell their shares once the stock rebounds. if you look at the Share india chart above, you will see after breakout stock rallied almost 35% and made high at 405 and now stock again came at their support zone where stock had given breakout earlier, we also call this breakout retest strategy. So this is the zone where we have to try to accumulate and keep your stop loss at below to support zone, for the Targets you can plan previous highs or you can expect same length of previous consolidation zone. I hope now you guy's have learned about pull back pattern and how to trade to these patterns, Right. If yes then do not forget to hit like and share with others after you done reading. Let's focus on other aspects of company:- Company History The Co. was established in 1994 and entered the equity broking segment in 2000. Subsequently, it diversified its offerings by undertaking derivatives trading in 2007, currency trading in 2008 and commodities trading in 2012. In 2016, it was registered as a Mutual Fund Advisor with AMFI and in 2018 it registered as a Category I Merchant Banker & Portfolio Manager with SEBI. In 2020, it moved from SME platform to BSE Main Board. New Launch In FY24, the co. launched Algo Platform – uTrade Algos for automated trading. In FY23, it launched a Retail Platform - IBT, a digitally-enabled online account opening and trading platform. Market Cap ₹ 5,953 Cr. Current Price ₹ 302 High / Low ₹ 408 / 233 Stock P/E 14.0 Book Value ₹ 91.2 Dividend Yield 0.56 % ROCE 38.3 % ROE 31.0 % Face Value ₹ 2.00 Industry PE 17.9 Debt ₹ 403 Cr. EPS ₹ 22.2 Promoter holding 52.3 % Intrinsic Value ₹ 754 Pledged percentage 36.2 % EVEBITDA 6.54 Change in Prom Hold -0.87 % Profit Var 5Yrs 76.9 % Sales growth 5Years 48.4 % Return over 5years 81.1 % Debt to equity 0.23 Net profit ₹ 426 Cr. ROE 5Yr 37.5 % Profit growth 30.0 % Earnings yield 15.0 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:SHAREINDIALong
by TraderRahulPal
3
Longterm Opportunity on Blue DartGo Long @ 6195.1.1 for Targets of 7060, 7550, and 8040 with SL 5700 Reasons to go Long : 1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around the 0.5 Fibonacci level. 3. Also there is a strong demand zone (marked with green color), from which the stock is taking support and moving up. 4. Also on a weekly timeframe stock has formed a double bottom (W) pattern.
NSE:BLUEDARTLong
by Nimish_Ghagare
Positional or Longterm Opportunity in SRFGo Long @ 2317.05 for Targets of 2456.45, 2595.85, and 2735.25 with SL 2177.65 Reasons to go Long : 1. In addition to this a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around the the Trendline. 2. Also, the stock is taking support from the Trendline (marked with green color). 3. In addition to this there is a strong support zone (marked with purple color), from which the stock is taking support and moving up.
NSE:SRFLong
by Nimish_Ghagare
Positional or Longterm Opportunity in SyngeneGo Long @ 697.1.1 for Targets of 758.05, 819, and 879.95 with SL 636.15 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around the 0.618 Fibonacci level. 3. Also the stock had given Trendline (marked with green color) breakout & retested and took support from it. 4. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
NSE:SYNGENELong
by Nimish_Ghagare
1
Positional or Longterm Opportunity in MothersonGo Long above 93.95 for Targets of 105.65, and 125.15 with SL 90.05 Reasons to go Long: 1. On a weekly timeframe if we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.382 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level. 3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
NSE:MOTHERSONLong
by Nimish_Ghagare
Positional or Long term Opportunity in Craftsman AutomationGo Long @ 4160.1 for Targets of 4456.75, 4753.4, 5050.05 and 5346.7 with SL 3863.45 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around the 0.382 Fibonacci level. 3. Also there is a strong Trendline (marked with green color), from which the stock is taking support and moving up.
NSE:CRAFTSMANLong
by Nimish_Ghagare
Positional or Longterm opportunity in RatnamaniGo Long @ 2915.1 for Targets of 3110.2, 3305.3, and 3500.4 with SL 2720 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Harami (marked with orange color) is formed around the 0.382 Fibonacci level. 3. Also there is a strong Trendline (marked with green color), from which the stock is taking support and moving up.
NSE:RATNAMANILong
by Nimish_Ghagare