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GOLD UPDATE NEXT WEEK Geopolitical tension & FOMC meeting will be key to determine Gold prices. Our Spot #Gold Range Prediction from 19/08/2024 to 23/08/2024 is as under. Gold Spot : 2420$-2510$ Gold INR : 69200-71600 Our Spot #Silver Range prediction from 19/08/2024 to 23/08/2024 is as under. Silver Spot: 27.10$-29.56$ Silver INR: 80,000-82,800 It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
MCX:GOLDV2024Short
by santoshshukla1996
GOLD UPDATE FOR NEXT WEEK Geopolitical tension & FOMC meeting will be key to determine Gold prices. Our Spot #Gold Range Prediction from 19/08/2024 to 23/08/2024 is as under. Gold Spot : 2420$-2510$ Gold INR : 69200-71600 Our Spot #Silver Range prediction from 19/08/2024 to 23/08/2024 is as under. Silver Spot: 27.10$-29.56$ Silver INR: 80,000-82,800 It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
OANDA:XAUUSDShort
by santoshshukla1996
1
GOLD UPDATE INTRADAY +STBT Geopolitical tension & job data will be key to determine Gold prices. Our Spot #Gold Range Prediction from 15/08/2024 to 17/08/2024 is as under. Gold Spot : 2420$-2485$ Gold INR : 69600-71000 It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
OANDA:XAUUSDShort
by santoshshukla1996
1
TODAY JOBLESS CLAIMS DATA EFFECTIVE Geopolitical tension & job data will be key to determine Gold prices. Our Spot #Silver Range Prediction from 15/08/2024 to 17/08/2024 is as under. Silver Spot : 27.20$-28.90$ Silver INR : 80200-81700 It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
MCX:SILVERU2024Short
by santoshshukla1996
1
TODAY INTRADAY MOVEMENTGeopolitical tension & job data will be key to determine Gold prices. Our Spot #Gold Range Prediction from 15/08/2024 to 17/08/2024 is as under. Gold Spot : 2420$-2485$ Gold INR : 69700-71000 It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
MCX:GOLDV2024Short
by santoshshukla1996
1
SILVER UP DIRECTION MOVEMENT Geopolitical tension will be key to determine Gold prices. Our Spot #Gold Range Prediction from 05/08/2024 to 09/08/2024 is as under. Next week can be highly volatile due to contract expiry. Gold Spot : 2406$-2502$ Gold INR : 69100-71850 Our Spot #Silver Range prediction from 05/08/2024 to 09/08/2024 is as under. Silver Spot: 28.12$-30.01$ Silver INR: 81150-86600 It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
CAPITALCOM:SILVERLong
by santoshshukla1996
1
GOLD MOVEMENT UP DIRECTION Geopolitical tension will be key to determine Gold prices. Our Spot #Gold Range Prediction from 05/08/2024 to 09/08/2024 is as under. Next week can be highly volatile due to contract expiry. Gold Spot : 2406$-2502$ Gold INR : 69100-71850 Our Spot #Silver Range prediction from 05/08/2024 to 09/08/2024 is as under. Silver Spot: 28.12$-30.01$ Silver INR: 81150-86600 It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
MCX:GOLDV2024Long
by santoshshukla1996
1
GOLD UP DIRECTION MOVEMENT READY Geopolitical tension will be key to determine Gold prices. Our Spot #Gold Range Prediction from 05/08/2024 to 09/08/2024 is as under. Next week can be highly volatile due to contract expiry. Gold Spot : 2406$-2502$ Gold INR : 69100-71850 Our Spot #Silver Range prediction from 05/08/2024 to 09/08/2024 is as under. Silver Spot: 28.12$-30.01$ Silver INR: 81150-86600 It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
OANDA:XAUUSDLong
by santoshshukla1996
1
Crude Oil rebounds toward 200-SMA as the key week beginsWTI Crude Oil posts more than 1.0% intraday gain early Monday, after declining in the last three consecutive weeks, as energy traders brace for a rollercoaster week comprising multiple central bank announcements and top-tier data. In doing so, the black gold takes clues from a nearly oversold RSI (14) amid cautious optimism in the market. However, bearish MACD signals and the quote’s sustained trading beneath the 200-SMA keep the oil sellers hopeful of visiting the 61.8% Fibonacci retracement of its December 2023 to April 2024 upside, near $75.30. Following that, a seven-month-old upward-sloping support line surrounding $74.40 will be a crucial level for the bears to conquer to keep the reins. In a case where the commodity prices remain bearish past $74.40, it becomes vulnerable to drop toward the previous monthly low of around $72.40. Alternatively, the WTI Crude Oil buyers’ ability to provide a daily close beyond the 200-SMA hurdle of $78.40 won’t give them the throne as a downward-sloping resistance line from early July, close to $79.50, will challenge further advances. Also restricting the commodity’s run-up is the $80.00 threshold and a two-month-old horizontal resistance region near $80.30-60. If the energy benchmark manages to remain strong past $80.60, the 23.6% Fibonacci ratio of around $83.00 and the monthly high of $84.50 will lure the bulls. Overall, the market’s consolidation allows WTI crude Oil to lick its wounds but the bullish trend is far from the reach.
TVC:USOIL
by MTradingGlobal
GOLD UPDATE FOR UP SIDE Last week we predicted that Gold will touch 2356$ on lower side & 2439$ higher side. It actually touched 2353$ on lower side and 2432$ on higher side. Our Spot #Gold Range Prediction from 29/07/2024 to 02/08/2024 is as under. Next week can be highly volatile due to contract expiry. Gold Spot : 2355$-2451$ Gold INR : 67400-70150 Our Spot #Silver Range prediction from 29/07/2024 to 02/08/2024 is as under. Silver Spot: 27.55$-29.44$ Silver INR: 80200-85600 It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
OANDA:XAUUSDLong
by santoshshukla1996
1
GOOD NEXT WEEK UPSIDE BOOM Last week we predicted that Gold will touch 2356$ on lower side & 2439$ higher side. It actually touched 2353$ on lower side and 2432$ on higher side. Our Spot #Gold Range Prediction from 29/07/2024 to 02/08/2024 is as under. Next week can be highly volatile due to contract expiry. Gold Spot : 2355$-2451$ Gold INR : 67400-70150 Our Spot #Silver Range prediction from 29/07/2024 to 02/08/2024 is as under. Silver Spot: 27.55$-29.44$ Silver INR: 80200-85600 It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
MCX:GOLDV2024Long
by santoshshukla1996
2
SILVER UPSIDE MOVEMENT Last week we predicted that Gold will touch 2356$ on lower side & 2439$ higher side. It actually touched 2353$ on lower side and 2432$ on higher side. Our Spot #Gold Range Prediction from 29/07/2024 to 02/08/2024 is as under. Next week can be highly volatile due to contract expiry. Gold Spot : 2355$-2451$ Gold INR : 67400-70150 Our Spot #Silver Range prediction from 29/07/2024 to 02/08/2024 is as under. Silver Spot: 27.55$-29.44$ Silver INR: 80200-85600 It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
MCX:SILVERU2024Long
by santoshshukla1996
GOLD FEW UPSIDE Last week we predicted that Gold will touch 2356$ on lower side & 2439$ higher side. It actually touched 2353$ on lower side and 2432$ on higher side. Our Spot #Gold Range Prediction from 29/07/2024 to 02/08/2024 is as under. Next week can be highly volatile due to contract expiry. Gold Spot : 2355$-2451$ Gold INR : 67400-70150 Our Spot #Silver Range prediction from 29/07/2024 to 02/08/2024 is as under. Silver Spot: 27.55$-29.44$ Silver INR: 80200-85600 It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
OANDA:XAUUSDLong
by santoshshukla1996
GOLD UP DIRECTION SHORT TERM Last week we predicted that Gold will touch 2356$ on lower side & 2439$ higher side. It actually touched 2353$ on lower side and 2432$ on higher side. Our Spot #Gold Range Prediction from 29/07/2024 to 02/08/2024 is as under. Next week can be highly volatile due to contract expiry. Gold Spot : 2355$-2451$ Gold INR : 67400-70150 Our Spot #Silver Range prediction from 29/07/2024 to 02/08/2024 is as under. Silver Spot: 27.55$-29.44$ Silver INR: 80200-85600 It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
MCX:GOLDQ2024Long
by santoshshukla1996
1
GOLD WAIT FOR FEW UPSIDE Last week we predicted that Gold will touch 2356$ on lower side & 2439$ higher side. It actually touched 2353$ on lower side and 2432$ on higher side. Our Spot #Gold Range Prediction from 29/07/2024 to 02/08/2024 is as under. Next week can be highly volatile due to contract expiry. Gold Spot : 2355$-2451$ Gold INR : 67400-70150 Our Spot #Silver Range prediction from 29/07/2024 to 02/08/2024 is as under. Silver Spot: 27.55$-29.44$ Silver INR: 80200-85600 It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
MCX:GOLDQ2024Long
by santoshshukla1996
1
Crude Oil retreats from 11-week high as eventful week beginsWTI Crude Oil remains pressured after reversing from an 11-week high the previous day, especially when the US Dollar posts a corrective bounce ahead of this week’s top-tier data/events. The black gold’s retreat also highlights the importance of the support-turned-resistance line stretched from mid-December 2023 and a downward-sloping trend line from late September last year. It’s worth noting that the RSI’s pullback from the overbought territory and the receding bullish bias of the MACD signals also favor the energy benchmark’s latest consolidation. With this, the quote will likely extend the latest fall toward testing the 10-SMA support of $82.50. However, the 50% Fibonacci ratio of the commodity’s late 2023 fall and the 100-SMA, respectively near $81.40 and $80.40, quickly followed by the $80.00 psychological magnet, will challenge the Oil bears afterward. In a case where the prices remain weak past $80.00, an area comprising tops marked from mid-November 2023 to January 2024 near $79.70-25, will be the last defense of the buyers before giving control to the bears. Meanwhile, a downward-sloping resistance line from September 2023, close to $84.10 at the latest, guards the immediate upside of the black gold. Following that, the previous support line from late 2023 will test the oil buyers near $84.70. It’s worth noting, however, that a 9.5-month-old falling resistance line surrounding $86.50 appears a tough nut to crack for the commodity buyers, a break of which will allow them to challenge the yearly high of $87.60. Overall, Crude Oil is likely to witness further consolidation in prices as Fed Chair Jerome Powell’s bi-annual Testimony and the US Consumer Price Index (CPI) loom.
TVC:USOIL
by MTradingGlobal
Crude Oil bears attack key support despite upbeat OPEC+ verdictWTI Crude Oil prints a four-day losing streak while falling to over a week’s low early Monday. In doing so, the black gold fails to justify the OPEC+ decision to extend the supply cut agreement toward the end of 2024 and gradually withdraw it in 2025. It’s worth noting, however, that a four-month-old horizontal support zone surrounding $76.20-75.80 will join the nearly oversold RSI (14) line to challenge the energy bears afterward. Should the commodity drop beneath the stated key support region, the $74.20 might act as an intermediate halt during a southward trajectory targeting February’s bottom of near $71.40-35. Meanwhile, the Crude Oil recovery remains elusive unless the quote jumps back beyond the 61.8% Fibonacci retracement of February-April upside, near $77.60. Even so, a convergence of the 200-SMA and a two-month-old descending trend line, close to the $80.00 threshold, will be a tough nut to crack for buyers before taking control. In a case where the commodity prices remain firmer past $80.00, the odds of witnessing a gradual run-up toward the late April swing high, around $84.45, and then to the yearly peak of near $87.63, can’t be ruled out. Overall, Crude Oil ignores the latest bullish catalyst to approach an important support as energy traders now focus on US PMIs and NFP data.
FX:USOIL
by MTradingGlobal
GOLD BULLISH IF BREAK 73800 NEXT TARGET 74400Last week we predicted that Gold can touch 2333$ on lower side. It actually touched 2332$ on lower side. We also predicted that Our #Gold Range Prediction from 20/05/2024 to 24/05/2024 is as under. Gold Spot : 2366$-2481$ Gold INR 728000- 74500 If break 73800 next move Upside If not break 73800 can bounce back Alerts ⚠️ Trade with stop loss It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. This are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
MCX:GOLDM2024Long
by santoshshukla1996
1
Endurance Tech is experiencing robust growthEndurance Tech (ENDU), India's top aluminum die-casting company, is showing consistent improvement in its performance metrics. This is fueled by increasing domestic demand, a recovery in the international market, and lower raw material costs. ENDU is highly preferred among automotive ancillary firms due to its advanced product range and strong presence in the two-wheeler segment. Outlook: ENDU's robust order book is being driven by the recovery in demand. The company primarily focuses on the two-wheeler (2W) segment in the domestic market, benefiting from its advanced product range. This positions ENDU advantageously to capitalize on the expected growth in the 2W industry. The positive outlook for ENDU is supported by the significant increase in demand for two-wheelers, as indicated by monthly wholesale figures from original equipment manufacturers (OEMs). The management's confidence in the long-term potential of the Indian 2W segment is further reinforced by the company's order schedule, which anticipates a 10-12 percent industry growth in FY24. During the first nine months of FY24, Endurance Tech secured new contracts worth Rs 941 crore from OEMs other than Bajaj Auto, with approximately 60 percent being new business and the rest replacement orders. These contracts are expected to peak in FY26. Additionally, the company has obtained orders worth Rs 680 crore in the electric vehicle (EV) segment. In terms of the European business outlook, Endurance Tech's management highlighted that the easing of supply constraints allowed OEMs to increase production. Despite recessionary pressures affecting order intake, Endurance Tech successfully secured orders totaling 29 million euros during the same period. In conclusion, Endurance Tech's strong position in the Indian two-wheeler segment, focus on electric vehicles, and favorable market conditions position it as a compelling player in the automotive industry. Endurance Tech is expanding its product range by focusing on high-value offerings. This includes brake-and-clutch assemblies for motorcycles with engine capacities exceeding 200 cc, ABS systems, paper-based clutches, inverted front forks, as well as fully machined and semi-finished castings. The company has begun supplying ABS and brakes tailored for motorcycles with engine capacities of 200 cc and above, along with clutch plates. As raw material prices decrease, enhanced margins are expected. The reduction in raw material expenses has already had a positive impact, and the decline in high energy prices in Europe has further strengthened the company's operating margin. Additionally, management is actively working to improve cost efficiencies, introduce more valuable products, and replace imports, all of which are expected to contribute to further improvement in the operating margin. Valuation: Endurance Tech (ENDU) is currently trading at a valuation of 29.8 times the estimated earnings for FY25, which represents a discount of approximately 10 percent compared to its six-year average valuation of 32.7. This discounted valuation suggests significant potential for an upward movement in the stock price. We recommend that investors gradually accumulate the stock. There are several risks to consider: 1. Deceleration in demand: A slowdown in demand could negatively impact the company's financial performance. 2. Unfavorable commodity prices: Higher raw material costs, due to unfavorable commodity prices, could affect operational profitability.
NSE:ENDURANCELong
by Trendxinc
DCW | Positional Trade📊 DETAILS Sector: Commodity Chemicals Mkt Cap: 1,871 cr DCW Ltd is engaged in manufacture and sale of a diverse range of products with a focus on commodity chemicals, specialty chemicals and intermediate products. TTM PE : 19.43 (Average PE) Sector PE : 17.15 Beta : 1.04 📚 INSIGHTS Strong Performer Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 6.15% away from 52 week high Outperformer - DCW up by 12.89% v/s NIFTY 50 up by 0.65% in last 1 month 📈 FINANCIALS Piotroski Score of 8/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:DCWLong
by Munish_Jain
6
Natural Gas- Bullish above S3 Level on the Chart 1. Planted on the chart are Pivot and Resistance Levels of my indicator. 2. 2.931 is the S3 Level of where it is taking the support. 3. 3.402 is the pivot and 3.872 is the resistance. 4. At present, it has support between two lime horizontal lines drawn at price level between 2.9650 and 2.9740. Moreover, the price is above 100 and 200 SMA which are signs of bullishness. Also, as per William's R% the commodity is in oversold zone. Conclusion: Wait till the 11/27/23 7:45 AM candle which is pivotal for morning session and check that the price remains above S3 Level. All the above factors are indicating a pull back, in the prices of the Commodity in the coming week. Disclaimer: The information provided in this video is only for educational and informational purpose. The information provided here is not intended to be any kind of financial advise, investment advise, or any trading advise. Investment and trading in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI Registered Analyst., so consult your financial advisor or do your own research before taking any trading/investment decision.
CAPITALCOM:NATURALGAS
by rekhi567
US Oil - Live Market update Please check that the pivotal candle provided in the after noon i.e. 3.07 p.m. has formed the base for the commodity and now the timing of next two candles for today has been provided on the chart. Mark high and low of these candles and buy only above high. Further, you may note that Price of the Commodity is trading above weekly pivot, which is a sign of bullishness. Disclaimer: I am not a registered Analyst with any of the National or International Agency. It is just for educational purpose. Please consult your financial advisor before making any decision. Let you grow and May! I follow you.
TVC:USOIL
by rekhi567
Bull flag challenges Gold sellers, Fed Chair Powell eyedGold price remains pressured at the lowest level in two weeks, down for the third consecutive day, as market players await Federal Reserve (Fed) Chairman Jerome Powell’s speech. That said, a downside break of the 100-SMA joins the bearish MACD signals to keep the XAUUSD bears hopeful. However, a bull flag chart formation defends the commodity buyers unless the quote stays beyond the $1,960 level comprising the stated flag’s lower line. In a case where the bullion prices remain weak past $1,960, the 200-SMA level surrounding $1,921 will act as the final defense for the buyers. On the contrary, the Gold Price recovery needs validation from the 100-SMA level of around $1,975. However, a confirmation of the next bull run could only be made if the XAUUSD manages to defy the short-term bearish channel pattern, forming part of the bull flag, by crossing the $2,000 round figure. Even so, the monthly high of around $2,010 and the $2,050 round figure might test the commodity’s upside before pushing them toward the yearly peak of $2,067. Overall, the Gold fades bullish momentum ahead of the week’s key event. However, the chart formation can surprise the markets with a fresh run-up if Powell advocates one more rate hike in 2023.
OANDA:XAUUSD
by MTradingGlobal