Bajaj Finserv Ltd.: Cup n HandleBajaj Fiserv Ltd is currently engaged in life insurance, general insurance and consumer finance businesses and plans to expand its business by offering a wide array of financial products and services in India. Apart from financial services, the company is also active in wind-energy generation.
CMP: 15528.95
In Bajaj Fin. Cup and handle structure/ Pattern on 14722 market retraced up to 15450. and move for big downfall up to target 11490.
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Short
Reliance Industries Ltd. Buy or SaleCMP: 2477.85
Magic level
In reliance completed inverted Cup and Handle Target. Now wait for magic level.
Magic level above stock 2687 or index over all bullish
Magic level below stock 2687 or index over all bearish.
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Godrej Properties Ltd.: Cup n Handle PatternCMP: 1798.85
Now in Godrej Properties form inverted Cup and handle pattern. now its full chances to go down. till target: 1085. its retrace on 1798 again . wait to retrace 1st then go for short selling on opportunity seen.
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BUY TEXMOPIPES (a micro-cap company with good fundamentals)Its a micro cap company, don't invest more than 4-5% of your capital.
PROS (as per screener.in) -
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.74 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 29.09% CAGR over last 5 years
- Debtor days have improved from 53.85 to 38.54 days.
CONS (as per screener.in) -
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 2.89% for last 3 years.
- Company's cost of borrowing seems high
Buy at 55-60 (Stock is in upper circuit)
Target as per Fibonacci: 80, 100, also can keep for long term
SL: 45
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