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06OCT2021Global markets (Last Session): 🟢 US markets closed higher paring most of the losses of previous session. But Rusell 2000, smallcap index closed lower. 🟢 European markets opened posItive & maintained the gains till end of sessions. Closed higher with 0.95% to 1.25% gain. 🔴 US 10YR yield rose 3.17%. DXY re to 93.97 mark. Crude oil shoots up another 1.53% and trading above 82.5 at 3YR high. 🔴 DXY after 3 days of cool off has started rising again and trading above 94.02. Seems like it was BO retest after BO. News And Additional Data: 🔴 Investors optimism outbit worry about the rising commodity prices, inflation, tax hike & tapering, Evergrande crisis. 🟠 Indian equity markets have complete disconnect with the global markets & have outperformed its global peers by miles 🔴 Rising commodity prices & surging crude oil above 82 will turn out to be a major concern for the emerging economies. Indian Indices Last Session: 🟢 #Nifty opened gap down but seen strong buying interest at lows. #Nifty closed the day near day high with 0.7% gain. 🟢 #BankNifty had a gap down too and remained volatile for the first half. Later joined #Nifty to close with 0.34% gain. 🔴 #Long buildup seen in #Nifty with PV breakout above PDH, Both indices closed strongly near the highest point of day. 🔴 FII's were net seller of 3185+ cr ignoring option figures which could be for hedging. DII were net buyers of 1868 cr. Technicals: 🟢 Nifty RSIStairs cooled off in daily TF but it remains overbought in W/M. D(67.00), W(75.45), M(79.74) & ADX D(39.66) 🟢 #Nifty trading above all the major moving averages 20/50/100 in D/W time frame. Took support near the 20 DEMA 17503. 🟢 #BankNifty also trading above all the major averages 20/50/200 DEMA. #RSIStairs on verge of a fresh breakout above 60. 🟠 With quarterly results ahead, market may not be in hurry to correct anytime soon. May consolidate for first 2 weeks. Global markets (Morning Cues @07.45 AM): 🔴 Asian markets trading lower. SGX trading trading flat indicating a muted opening in the Indian benchmark indices 🔴 US & Europe futures trading lower after strong buying in previous session. Rising commodity price remains a concern. Intraday Index Futures Levels 🟢#Nifty Fut 17556/17618/17690/17746-17875/17905/17935/17975. RDX Score- 15M(+6*)/75M(+5*)/1D(+5*)/1W(+6*) #Bullish 🟢 #BankNifty 37185/37375/37525/37749-37913/38048/38173/38345. RDX Score- 15M(+4*)/75M(+2*)/1D(+3*)/1W(+4*) #Bullish #MarketOutlook #TradePlan #PreOpenUpdate #IndexFutLevels #01OCT2021 (View all levels only at 15M candle closing basis) Intraday Index Trade Plan 🟠 After 2 days of strong gains, Indian benchmark indices may consolidate or see some profit booking near supply zone. 🟠 #Nifty trading & sustaining below 17747 on 15 MCB will become weak. Profit booking can be done around 17935 levels. 🔴 We will #Hold & #TrailSL the bullish #BTST #BullishBrokenWingStraddle (-2x ATM PE, -1x ATM/OTMCE) created yesterday. 🟠 New trades to be taken basis stairs signal in 75M which automatically updates in the telegram channel through bot.
NSE:NIFTY1!
by TradersVenue
BATA INDIA LTD.Bata India, this company has know for it's "AADARSH" chart, it's a clear cut buying/investing opportunity for the stock right now Reason for buying : Fundamentally strong company. If you see the highlighted area with attention,you will see a pattern the pattern made is called as "LONG TAIL DOJI" The pattern shows a Strong rejection for a script on downside This indicates that buyers are in power for the stock currently & this is the indication of a strong buying on a script. Target : (double) 3400+ in an year Stoploss: 1600 ( for long term) Swing Target 1900-1950-2000+ Swing Stoploss 1680. Close Positions on daily closings only.
NSE:BATAINDIALong
by phatak-nikhil123
CUP AND HANDLE PATTERN IN L&T CHARTL&T IS SHOWING STRONG SIGNALS OFF UPSIDE WITH BOTH TECHNICAL AND FUNDAMENTAL HAVING ITS SIDE, STRONG ORDER BOOK, IN ANTICIPATION OF STRONG ECONOMIC RECOVERY . TECHNICAL SIDE IS ALSO GOOD AS IT IS FORMING ITS LONG CUP AND HANDLE FORMATION WITH HEAVY VOLUME,ALL THE INDICATIONS SHOWING STRONG BUY SIGNAL. WE CAN SEE A SIGNIFICANT UPSIDE FROM THE CURRENT POSITION. CURRENTLY STARTING ITS 5 ELLIOT WAVE WHICH GIVE US MORE REASON TO BUY AND HOLD IT WITH YOUR SEAT BELT TIGHT.
NSE:LTLong
by vatsal27
BTC/USDT ANALYSIS MORE BULISH IN 2020Bitcoin Bitcoin Index 11,277.5+262.1 (+2.32%) 12:31:44 - Real-time Data 11,274.0 18:00 20:00 22:00 11,000.0 11,200.0 11,400.0 11,100.0 11,300.0 Start Trading | AD | CFD trading is risky Technical Summary 5 mins:Neutral Hourly:Strong Buy Daily:Strong Buy Monthly:Strong Buy What is your sentiment on Bitcoin Index? or (BTC) trading volumes in spot and derivatives markets have been surging since the digital asset rallied above the $10,000 level earlier this week. Bakkt reported record Bitcoin futures volume on July 28 and 29, which indicates that the traders who had been waiting for a trending move to start have established fresh positions. A similar volume increase was seen in the Chicago Mercantile Exchange (CME) and the other crypto exchanges that offer futures trading.
Long
by satapathyt5
(Positional Trader) Best Buy For HUL 1. FMGC is the SEGMENT not affected by lockdown. 2. Recently, On Day Chart HUL has Morning Star Formation , But it does not have a strong volume on last day. 3, So, It may recheck the price of 1984. Story of 1984-- 1984 is the 78.6% retracement level from recent low of 1857 to high of 2485 . 1984 also got the strong buy volume on day chart. 1984 is a strong support for now. 4. On Drawing AB=CD Pattern on HUL From Price level A= 1857,B = 2485,C =1984. Formation of AC=0.786. Lets Identity the reversal Point D Assuming BD=1.27 (to satisfy AB=CD Pattern Low Level), D Form at 2618 May be BD=1.61 (to satisfy AB=CD Pattern High Level) D Form at 2799 5. On Drawing Fibonacci Retracement from the recent HIGh and low . 2100 is 0.27 level . Price may find the resistence here. 5. So Buy Above 2102 Target 2618 , 2799 Stop Loss 1900 IF YOU LOVE MY STUDY PLEASE LIKE IT. IF YOU WANT MORE STUDY LIKE THIS FOLLOW MY PROFILE.
NSE:HINDUNILVRLong
by B-Power
FCL - Investment stock - Zero debt, strong balance sheetExpecting the scrip to surpass 52-week high with ascending channel as the small-cap company has strong fundamentals as also mentioned here : www.moneycontrol.com "The company’s names is Fineotex Chemical which is also known as FCL. Let us put it this way the company is one of India’s largest textile chemical manufacturer which provides customised solutions to the entire gamut of activities in the textile sector" " Rs 22 crore equity, Rs 11 crore shares because it is Rs 2 face value, zero debt, consistent dividend paying company. Earnings per share of around Rs 1.80 of last year should at least become to Rs 2.50 this year and should move to Rs 3.50 to 4 next year. This is without one major trigger which I am coming to I think early this month in the very same place Bombay Stock Exchange the company was rewarded as the fasted growing chemical manufacturer in India. " Technically, MACD indicators showing the way with bullish crossover when the MACD turns up and crosses above the signal line. Also, Checked and verified the relevant facts citied above in screener so the company remains strong buy for me and can even be averaged around crucial support line if the scrip gets minor pullback with sign of pledged stock www.screener.in Verified the same here as it is safe buy where risk to reward ratio is not much as the promoter holding is also more than 70% which makes it a conventional buy www.valueresearchonline.com Disc: Do your own analysis before investing :)
NSE:FCLLong
by amankavi
3
Auropharma is a good buy candidateOn the daily chart there was a spinning bottom formation after a gap down previously which indicated that the bulls are fighting back It was formed near the support levels which indicates a good entry to buy Next day 16/11/17 there was strong rally with a gap up indicating strong action supported by the bulls In addition the rally was supported by rsi levels it bounced from 34.23 Most importantly it formed a morning star candlestick pattern(strong buy) ACTION: Execute long on 17/11/2017 TGT-727 STOP-690 NOTE IF THE CLOSING IS ABOVE 729(100 WEEKLY MOV.AVG) STAY LONG FOR TGT OF 760 FOR THE NEXT WEEK
NSE:AUROPHARMALong
by manavtechresearch
BajFinanceLet's perform a **technical analysis** of **Bajaj Finserv Ltd.** (Bajaj Fin) based on key technical indicators. You can apply these guidelines to real-time data on a charting platform. --- ### **Technical Analysis of Bajaj Finserv Ltd.** #### **1. Support and Resistance Levels** - **Support Levels:** - Support is the level where the stock has historically reversed from a downtrend. It's a price range where buying interest has previously emerged. - **Example Support Levels:** If Bajaj Fin has recently bounced at ₹1,400, ₹1,450, or ₹1,500, these may be key support levels to watch. - If the price is approaching these levels again and shows signs of bouncing, they could be good buying zones. - **Resistance Levels:** - Resistance is a price level where selling pressure has emerged, preventing further price movement upwards. - **Example Resistance Levels:** Look for levels like ₹1,600, ₹1,650, or ₹1,700, where Bajaj Finserv has faced difficulty moving higher. - A breakout above these resistance levels could signal continued upward momentum. #### **2. Moving Averages (MA)** - **50-day Moving Average (MA):** - The 50-day MA is used to gauge short-term trends. If the stock is above this moving average, it generally indicates short-term bullishness. - **Example:** If Bajaj Fin is trading at ₹1,500 and the 50-day MA is ₹1,470, this signals short-term bullish momentum. - **200-day Moving Average (MA):** - The 200-day MA is typically used for assessing long-term trends. If the stock is trading above the 200-day MA, it suggests a long-term bullish trend. - **Example:** If Bajaj Fin is at ₹1,500 and the 200-day MA is at ₹1,450, it indicates long-term bullish sentiment. #### **3. RSI (Relative Strength Index)** - **RSI Levels:** - **Above 70:** The stock may be overbought, indicating that a pullback or correction could occur soon. - **Below 30:** The stock may be oversold, suggesting it could be due for an upward reversal. - **Current Example:** - If the RSI is **above 70**, Bajaj Finserv might be overbought, suggesting a possible short-term pullback. - If the RSI is **below 30**, it signals the stock is oversold, potentially indicating a buying opportunity for a rebound. #### **4. MACD (Moving Average Convergence Divergence)** - **Bullish Signal:** A bullish signal is when the MACD line crosses above the signal line, suggesting upward momentum. - **Bearish Signal:** A bearish signal is when the MACD line crosses below the signal line, indicating downward momentum. - **Current Example:** - If the MACD line is above the signal line, it’s a bullish signal for Bajaj Finserv, implying potential upward movement. - If the MACD line is below the signal line, it may indicate a bearish trend or consolidation phase. #### **5. Volume Analysis** - **Increasing Volume:** If the stock price rises with increasing volume, it confirms that the trend is strong and supported by buying interest. - **Decreasing Volume:** If the stock price is moving up or down with decreasing volume, it suggests weakening momentum. - **Current Example:** - If Bajaj Fin is rising with increasing volume, this suggests strong buying interest, supporting the uptrend. - If the stock is rising with declining volume, it may indicate that the rally is losing steam, possibly signaling a reversal or consolidation. #### **6. Candlestick Patterns** - **Bullish Patterns:** - Look for **Bullish Engulfing**, **Morning Star**, or **Hammer** patterns near support levels to signal a potential upward reversal. - **Bearish Patterns:** - Look for **Shooting Star**, **Bearish Engulfing**, or **Evening Star** patterns near resistance levels to signal potential downward reversals. - **Current Example:** - If a **Bullish Engulfing** pattern forms near ₹1,450 (support), it might indicate an upcoming upward move. - If a **Shooting Star** forms near ₹1,650 (resistance), it could indicate a potential reversal downward. #### **7. Fibonacci Retracement Levels** - **Fibonacci Levels** are used to identify key support and resistance levels during a price correction or pullback. Key levels are **23.6%, 38.2%, 50%, 61.8%**. - **Current Example:** - If Bajaj Finserv has moved from ₹1,400 to ₹1,600, key Fibonacci retracement levels would be: - **23.6% retracement** around ₹1,570 - **38.2% retracement** around ₹1,540 - **50% retracement** around ₹1,500 - **61.8% retracement** around ₹1,470 These levels could act as support during a pullback in an uptrend. --- **Disclaimer:** - I am not a SEBI-registered professional or licensed financial advisor. - The analysis provided is based on historical price data, technical indicators, and general market trends. - Any action you take based on this analysis is at your own risk. Please consult a licensed financial advisor before making any investment decisions. - Technical analysis does not guarantee future results, and market movements are influenced by various factors, including news, economic events, and market sentiment.
NSE:BAJFINANCELong
by Globaltradehub
What is Significance of delta negative count at lift time high In order flow trading, DELTA represents the difference between the number of aggressive buyers and aggressive sellers during a specific time period. It is a key metric used to analyze the strength or weakness of market participants and helps traders assess buying and selling pressure. Here's a breakdown: 1. Aggressive Buyers: Traders who are willing to buy at the ask price (the price sellers are asking for). 2. Aggressive Sellers: Traders who are willing to sell at the bid price (the price buyers are offering). How Delta is Calculated: - Delta = (Aggressive Buy Volume) - (Aggressive Sell Volume) - Positive Delta: Occurs when there are more aggressive buyers than aggressive sellers. It suggests strong buying pressure, potentially indicating a rising market. - Negative Delta: Occurs when there are more aggressive sellers than aggressive buyers. It indicates selling pressure, which could suggest a falling market. Types of Delta in Order Flow: 1.Cumulative Delta: Tracks the running total of the delta over a certain period (e.g., throughout a trading session or a chart’s timeframe). It shows the net flow of buy and sell orders and can help identify whether the market is controlled by buyers or sellers over time. 2. Delta Per Bar: Shows the delta for each individual bar or candle, useful for analyzing immediate buying or selling pressure within a smaller timeframe. Importance of Delta in Trading: -Trend Identification : Positive delta in a rising market suggests strong buyers, confirming an uptrend. Negative delta in a falling market shows selling strength, confirming a downtrend. - **Divergence**: Delta divergence occurs when price moves in one direction, but delta suggests the opposite (e.g., price goes up, but delta shows negative values). This can be an early sign of a potential reversal. Reversals and Exhaustion : Sharp changes in delta, such as a large increase or decrease, can indicate that a market is exhausted and about to reverse. Delta is primarily used in futures, options, and other exchange-traded markets where the order flow and volume data are available.
PEPPERSTONE:XAUUSDShort
by XAUUSDANALYST
Dixon Technologies: Market Sentiment and Options StrategyMarket Sentiment Overview As Dixon Technologies approaches its dividend declaration on September 18, 2024, the options data reflects a balance between bullish sentiment and caution: - Bullish Indicators: - Call Options Build-Up: Strong buying activity is observed, especially at the 14,000 and 15,000 strike prices. - Put-Call Ratio (PCR) at 0.98: This indicates a slightly bullish sentiment, as calls outnumber puts. - High Open Interest in Calls: A total call OI of 23,51,300, focused on the 14,000 and 15,000 strikes, supports upward momentum in the stock. - Caution Signals: - Aggressive Put Buying: Put OI of 9,36,500, mainly concentrated at the 13,000 strike price, signals hedging or caution. - High Intraday PCR of 50.08: This suggests increased put buying activity, indicating traders are hedging against possible downside. - Volatility Expectations: - Implied Volatility (IV): Ranging between 37.66% and 41.8%, which points to the potential for significant price swings. Key Price Levels - Resistance: 14,000 – 14,500, with 15,000 acting as a strong cap. - Support: 13,000 – 13,500, serving as a potential floor. Recommended Options Strategies 1. Bull Call Spread (Moderately Bullish) - Strategy: Buy 14,000 Call, Sell 15,000 Call. - Target: Profitable if Dixon rises toward 15,000. - Suitability: Ideal for traders with a moderately bullish outlook, offering limited risk and reward. 2. Bear Put Spread (Moderately Bearish) - Strategy: Buy 13,000 Put, Sell 12,500 Put. - Target: Gains are realized if Dixon drops toward 12,500. - Suitability: Suitable for traders anticipating a moderate downside, providing defined risk and reward. 3. Protective Put (Hedging Strategy) - Strategy: Buy 13,000 or 13,500 Put to hedge against downside risk. - Purpose: Allows long-term investors to maintain their position while protecting against adverse price movements. - Suitability: Best for long-term investors looking to manage risk during heightened volatility. Conclusion Dixon Technologies’ options data leans towards a bullish bias, with rising call OI at 14,000 and 15,000. However, the increased put activity at 13,000 indicates some hedging and caution. Short-term traders can capitalize on a bull call spread for upside potential or a bear put spread for downside protection. For long-term investors, a protective put is recommended to mitigate risks as volatility rises ahead of the dividend announcement. Disclaimer The information provided in this analysis is for educational and informational purposes only and should not be construed as financial or investment advice. Options trading involves substantial risk and is not suitable for all investors. Past performance does not guarantee future results. It is important to conduct your own research and consult a licensed financial advisor before making any investment decisions. The strategies discussed are based on current market conditions, which are subject to change. We do not guarantee the accuracy or completeness of the information presented, and we are not liable for any losses incurred from its use.
NSE:DIXON
by ruelfernandes
Big Move Coming In Affle, Breakout with Strong Volume! ✅ The stock is breaking out after forming a long consolidation pattern, signaling a strong upward move. ✅ Strong support around 1100 levels due to the trendline. The breakout above the resistance around 1340 suggests a potential move towards 1800+ levels. ✅ RSI is at 65 showing strong bullish momentum. MACD histogram is positive, supporting the breakout with bullish signals. ✅ Significant volume increase confirms strong buying interest and bullish sentiment, backing up the breakout scenario. ✅The company has shown steady revenue growth and strong profit margins. Its solid balance sheet and effective cost management contribute to financial stability. ✅ A leading player in the digital marketing sector, the company has a strong presence in the Indian market. Continuous innovation and expansion provide a competitive edge. ✅The digital marketing sector is experiencing robust growth driven by increased online activity and digital transformation. The company is well-positioned to capitalize on these trends.
NSE:AFFLELong
by Marketik
Ready For Liftoff! Big Volume Spike Before Strong Breakout ✅The stock is showing signs of breaking out after forming a descending triangle, signaling a strong upward move. ✅ Strong support around 5500 levels due to the trendline. The breakout above the resistance around 6400 suggests a potential move towards 7000+ levels. ✅RSI is at 65showing strong bullish momentum. MACD histogram is positive, supporting the breakout with bullish signals. ✅Huge volume spike confirms strong buying interest and bullish sentiment, supporting the breakout scenario. ✅The company has shown steady revenue growth and strong profit margins. Its solid balance sheet and effective cost management contribute to financial stability. ✅A leading player in the pharmaceutical industry, the company has a strong presence in the global market. Continuous innovation and expansion provide a competitive edge.
NSE:DRREDDYLong
by Marketik
Ready To Soar, Big Breakout After 2.9 Years! Looking Strong ✅ The stock is trading in a narrow range and is on the verge of breaking a 2.9-year old resistance level, indicating a strong bullish move ahead. ✅Strong support around 800 due to the ascending trendline. The breakout above the resistance level shows a potential upward move towards 1300. ✅ RSI is at 76 showing strong bullish momentum. MACD histogram is positive with a recent bullish crossover, backing up the breakout scenario. ✅Increase in volume confirms strong buying interest and bullish sentiment, supporting the breakout. ✅The company has shown steady revenue growth and strong profit margins. Its solid balance sheet and effective cost management contribute to financial stability. ✅The company has a strong presence in the pharmaceutical and financial services sectors, with continuous innovation and expansion providing a competitive edge. Both the pharmaceutical and financial services sectors are growing rapidly, driven by increasing demand and technological advancements. The company is well-positioned to capitalize on these industry trends.
NSE:PELLong
by Marketik
4
Breakout from Descending Triangle! Strong Momentum Ahead ✅The stock has broken out of a descending triangle pattern, indicating the end of the consolidation phase and a potential bullish trend. ✅The stock has strong support around the 1300-1400 range, with multiple touches along the ascending trendline. The breakout above the upper trendline suggests a strong upward move towards 1800 levels. ✅The RSI is currently around 64, showing strong bullish momentum. The MACD histogram shows positive momentum with a recent bullish crossover, supporting the breakout scenario. ✅ The breakout is accompanied by a surge in volume, confirming the bullish sentiment and indicating strong buying . ✅Patanjali Foods has shown consistent growth in revenue and profitability. The company's focus on natural and organic products aligns well with increasing consumer demand for health and wellness products. ✅The company is expanding its product portfolio and distribution network, leveraging its strong brand presence. Recent initiatives include the introduction of new health products and partnerships with leading retailers. ✅The FMCG sector is witnessing robust growth, driven by rising consumer awareness and demand for health-focused products. Patanjali Foods is well-positioned to capitalize on these trends. ✅With a strong brand and extensive distribution network, Patanjali Foods is expected to benefit from the growing health and wellness trend in India. The company's strategic initiatives and financial strength make it a promising player in the sector.
NSE:PATANJALILong
by Marketik
KEI INDUSTRIES HIGH TARGET FOR LONG TERM Overview KEI was established in 1968 as a partnership firm under the name Krishna Electrical Industries, with the prime business activity of manufacturing house wiring rubber cables. Today, it has grown into an empire with a global presence, offering holistic wire and cable solutions. A prominent player in the cables and wires industry, has caught my attention as a high-potential investment. With its strong fundamentals, consistent performance, and strategic initiatives, KEI Industries is poised to deliver impressive returns in the coming months. This write-up aims to elucidate why KEI Industries stands out as a gem in the stock market and justify a high target for this company. Company Profile KEI Industries Limited is a leading manufacturer of high- and low-tension cables (HT and LT), control and instrumentation cables, specialty cables, rubber cables, and stainless steel wires. The company has a diverse product portfolio catering to various sectors, including power, oil and gas, railways, and real estate. Reasons to Invest in KEI Industries 1. Strong Financial Performance KEI Industries has demonstrated robust financial performance over the years, marked by consistent revenue growth and healthy profit margins. The company's revenue has grown steadily, reflecting its ability to capture market share and expand its customer base. The net profit margin has also been improving, showcasing efficient cost management and operational excellence. 2. Expanding Market Presence The company's strategic initiatives to expand its market presence have yielded significant results. KEI Industries has successfully entered new geographical markets and strengthened its foothold in existing ones. The company's focus on diversifying its client base and entering new sectors has mitigated risks and opened up new avenues for growth. 3. Innovative Product Portfolio KEI Industries is known for its innovative and high-quality product offerings. The company's continuous investment in research and development ensures that it stays ahead of the competition by introducing cutting-edge products that meet evolving market demands. This innovation-driven approach has helped KEI Industries maintain a competitive edge in the market. 4. Strategic Partnerships and Projects KEI Industries has forged strategic partnerships and secured significant projects, contributing to its revenue and market reputation. The company's involvement in prestigious projects across various sectors underscores its reliability and expertise. These strategic alliances have enhanced KEI Industries' visibility and credibility in the industry. 5. Favorable Industry Dynamics The cables and wires industry is witnessing favorable dynamics, driven by increasing investments in infrastructure development, renewable energy projects, and urbanization. As a leading player in this industry, KEI Industries is well-positioned to capitalize on these growth opportunities. The company's proactive approach to tapping into emerging trends ensures sustained demand for its products. 6. Strong Management Team KEI Industries boasts a strong and experienced management team with a proven track record of delivering results. The leadership's strategic vision and operational acumen have been instrumental in steering the company towards growth and profitability. The management's commitment to corporate governance and ethical practices further enhances investor confidence. Technical Analysis From a technical standpoint, KEI Industries' stock has shown a strong uptrend, with key indicators pointing towards continued momentum. The stock has consistently respected key support levels and demonstrated resilience during market corrections. The current price action suggests a bullish trend, with potential for higher targets in the near future. Key Technical Indicators: Moving Averages: The stock is trading above its 50-day and 200-day moving averages, indicating a positive trend. Relative Strength Index (RSI): The RSI is in the bullish zone, reflecting strong buying interest. Volume Analysis: Increased trading volumes on up days suggest accumulation by institutional investors KEI Industries is a gem in the stock market, backed by strong fundamentals, a diverse product portfolio, strategic initiatives, and favorable industry dynamics. The company's robust financial performance, expanding market presence, innovative products, strategic partnerships, and experienced management team position it for sustained growth. Technical indicators further support a bullish outlook, making KEI Industries an attractive investment with high potential targets. Investors looking for a promising opportunity in the cables and wires sector should consider KEI Industries as a valuable addition to their portfolio. The high target for this gem reflects confidence in its ability to deliver significant returns in the future. # Disclaimer The information provided in this write-up is for educational and informational purposes only and should not be construed as financial or investment advice. Investing in stocks involves risk, and past performance is not indicative of future results. It is essential to conduct your own research and analysis, considering your financial situation, objectives, and risk tolerance, before making any investment decisions. The views expressed in this write-up are based on personal analysis and opinions, and while efforts have been made to ensure accuracy, there can be no guarantee of the completeness or reliability of the information provided. The author and publisher are not responsible for any losses or damages arising from the use of this information. Always seek the advice of a qualified financial advisor or other professional with any questions you may have regarding investments or financial matters.
NSE:KEILong
by SbsGreat
DMART Swing trade update **Title:** Swing Trading Buy Call for DMart **Description:** This analysis focuses on DMart, identified as one of the top stocks for swing trading due to its market trends and technical indicators¹. The stock has been showing a strong uptrend, making it a suitable candidate for a swing trading buy call. **Key Points:** - **Liquidity**: DMart has high liquidity, which is essential for swing trading as it allows for easy entry and exit without significant price impact¹. - **Technical Analysis**: The stock has been consolidating in an ascending triangle pattern, indicating a bullish sentiment⁴. A weekly closing above the resistance level of 4200 suggests a potential breakout and continuation of the uptrend⁴. - **Indicators**: The combination of Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicates a strong buy signal when used together¹. **Swing Trading Strategy:** - **Entry Point**: Consider buying when the stock's price action closes above a significant resistance level, such as 2084, as indicated by recent chart patterns². - **Target and Stop Loss**: Set a clear target and stop loss based on the chart's technical analysis to manage risk effectively². - **Market Conditions**: Always align trades with the overall market direction and be aware of any macroeconomic factors that could influence the stock's performance. **Interpretation:** Given DMart's current technical setup and market behavior, it presents a compelling buy opportunity for swing traders looking for short to medium-term gains. The stock's trend analysis and liquidity make it a prime candidate for a swing trade with a well-defined entry point and risk management strategy. --- Please note that this description is based on general swing trading principles and should be tailored to the current market analysis and individual risk tolerance. It's always recommended to perform your own due diligence before making any trading decisions¹.
NSE:DMARTLong
by vkfincare09
Investment_ ITCTrading and investing are completely different in nature. In trading, we don't care about the prices whether it's fair or not. We buy high and sell even higher. But in investing, we should only buy a stock near its intrinsic value. No matter if everyone is making money except us. But, price which is justified by fundamentals are sustainable and proved sustainable historically. "Intrinsic value is upgraded or declined based on fundamental changes. I amend my intrinsic value every year based on the growth of the company." So here I am with a stock named ITC. According to my method of calculating intrinsic value, it is worth around ₹300 a share. I will start accumulating shares, near Rs 180 levels (strong weekly support). Well, this will not happen overnight. It may take several months. Some questions answered:- Q: If it is a fundamentally good company, why the price is not moving up? Does the market doesn’t know anything? A: Nope. Market knows everything. But, the market generally moves in a direction of “what is expected and what is unexpected”. Q: So, what’s expected in ITC? A: Well, it’s a good company, good cashflow, no debt, professionally managed company, etc. When the company performs “as expected”, why should its price move in either direction? Price only moves when unexpected things happen. Q: Should the people sell the shares who has already bought and invested in it, so that they can buy at a lesser price? A: Nope. Absolutely not. Investment is not a buy-sell game. It must have long-term view (5 years, 10 years, etc.). Q: Then what's the solution? A: Add more shares. Yes. As long as the company is fundamentally strong, buying at dip or discount is best for investing perspective. And this company is giving dividend of Rs 5 approx every year. That translates into at least 2.5 % every year if the current price taken into consideration. Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational purposes only.
NSE:ITCLong
by UnknownUnicorn7637383
Auropharma: A Must-Own Stock for 2024?Detailed technical analysis of Auropharma (NSE: AUROPHARMA) based on hourly timeframe. Technical Indicators RSI: The Relative Strength Index (RSI) is currently at 62.5, indicating that the stock is overbought. However, the RSI is still below the 70 level, which is considered to be overbought territory. This suggests that the stock may continue to rise in the short term. MACD: The Moving Average Convergence Divergence (MACD) indicator is currently bullish, with the MACD line above the signal line and the histogram bars above zero. This suggests that the stock is likely to continue to move higher. OBV: The On Balance Volume (OBV) indicator is also bullish, with the OBV line trending upwards. This suggests that there is strong buying pressure behind the stock. Support And Resistance Levels. Support: The nearest support level is at ₹985. This is the level where the stock bounced off in October 2023. Resistance: The nearest resistance level is at ₹1015. This is the level where the stock has been rejected for the past few week. TRADE ENTRIES Long Entry: Traders could enter a long trade at the current level of ₹1002 to 1004 with a stop-loss order at ₹980 and a profit target of ₹1050,₹1100. Overall Outlook. Auropharma is currently in a bullish trend. The stock has broken out of a consolidation pattern and is now trading above its moving averages. The technical indicators are also bullish. However, the stock is overbought, so there is a risk of a pullback in the short term. Traders should be aware of this risk and use stop-loss orders to protect their capital. News • Auropharma receives FDA approval for generic version of blockbuster heartburn drug Prilosec. The approval is a major boost for Auropharma, as Prilosec is one of the top-selling drugs in the world. The generic version of the drug is expected to hit the market in 2024. • Auropharma enters into a joint venture with a Chinese company to develop and manufacture new drugs for the Chinese market. The joint venture is a strategic move by Auropharma to expand its presence in the Chinese market, which is the second-largest pharmaceutical market in the world • Auropharma announces a new research and development facility in India. The new facility will focus on developing new drugs for the Indian market. This investment is a sign of Auropharma's commitment to the Indian market, which is one of the fastest-growing pharmaceutical markets in the world. Fundamental Analysis • Auropharma is a leading generic drugs company with a strong track record of profitability and growth. The company has a diversified product portfolio and a strong presence in both emerging and developed markets. • Auropharma has a strong pipeline of new drugs in development. The company is investing heavily in research and development, which is expected to drive future growth. • Auropharma has a strong balance sheet and is well-positioned for future growth. The company has a low debt-to-equity ratio and a strong cash flow position. FINAL THOUGHTS 🪙😇 Auropharma is a well-positioned company with a strong track record of profitability and growth. The company is well-positioned to benefit from the growing global demand for generic drugs. The company's recent news announcements are also positive, and they suggest that Auropharma is well-positioned for future growth.
NSE:AUROPHARMALong
by ManojBakale
Nifty 50 Analysis for this week in Daily timeframe1. TREND - SIDEWAYS - 16400 - 18600. 2. 1. Nifty made 4 failed attempts to sustain below 16850. 2. Each time strong buying came which took it above 17000. 3. Lower highs indicating weakness in up/buying, this was indication of 16800 break. 4. a. BUY - If sustains above 16800 or on daily candle high break after Pullback. b. Reason - Many buyers were forced to exit their positions as 16800/16400 broke. As Nifty now breaks above 16800 and fails to go down they will be looking to buy again, this will provide the buying force. c. BUY on weak Pullback. Stop - 16800. Target - 17800, 18600. 5. a. Short - If Nifty sustains below 16400. b. Reason - Each time Nifty came below 16800 it was bought, this time if it fails to do so..this will mean buyers are now not strong enough to keep prices above 16800. Change in pattern. c. Short - if sustains below 16400. Stop - 16500 Target - 16000, 15500, 15200.
NSE:NIFTY
by NaveenGr
BANKNIFTY for 30th DecemberBanknifty’s strength pulled Nifty to massive heights on Friday. A strong buying emerged in all public sector banks due to second round of RBI’s operation twist (meaning RBI auctioned or sold short term Securities and simultaneously used that money to buy long term securities to reduce the interest on Long term bonds). This also helped buying in Axis Bank and ICICI bank. The massive rise in these three banks- ICICI Bank, Axis Bank & SBI – whose combined weightage is more than 40%, helped BNF increase by 414 points. Now what on Monday? Banknifty is very near to its lifetime high. Good global cues may prop it to 32500. But at that level some selling may start. On 15 min chart there are no clear levels for buying if BNF comes down, like there are for Nifty. However, a not-so-strong buying area is there between 32215 and 32260, so one can buy there with strict SL of 32190. Expect gain of at least 100 points. All the best. Happy trading.
NSE:BANKNIFTY
by protrader1969