Indian Bank Stock Analysis: Spordiac Buy Signal on short term📈 NSE:INDIANB - January 5, 2024, 12:52 PM
Current Trading Price: ₹435.10 🏷️
Opening & Key Levels:
Today's Opening: ₹432.40 (Above 0.618 Fibonacci Level) ✅
Near 50-Day Moving Average: Indicating Bullish Trend 📊
Technical Indicators:
EMA & MA: No crossover yet 🔄
MACD: Histogram at 0.48, MACD at 0.70, Signal at 0.22 (Positive Crossover) 📈
RSI: Currently at mid-range, K at 55.02, D at 37.62 (Viable Range) 🎯
%R: At -29.83 (Supportive of Bullish Trend) ⬆️
Fisher Indicator: Positive crossover, Fisher at 0.80, Trigger at 0.27 (Mid-Range) ✨
Parabolic SAR: Buy signal at ₹391.00 🟢
Target Prices & Stop Loss:
Target 1: ₹443.65 (0.786 Fibonacci Level) 🎯
Target 2: ₹458.00 (Level 1 of February Series) 🎯
Stop Loss: If falls below ₹424.50 (0.5 Fibonacci Level) ⛔️
Overall Outlook: Bullish in the short term, but confirmation needed from other indicators. Volatility noted. Investors are advised to monitor closely.
Disclaimer: This analysis is for informational purposes only and should not be construed as investment advice. Investment decisions should be based on individual research and risk appetite. 🚫
#IndianBank #StockAnalysis #TechnicalAnalysis #Investing #StockMarket #BullishTrend #TradingTargets #RiskManagement
Shortterm
3i Infotech- c&h, flag pattern, RB3I infotech- After a small cup and handle breakout in weekly. it formed a flag pattern and today this breakout is happening for the initial target of 60.. then in the longterm bigger targets until 220 is there which will take time and will be shared later once it reaches 120.
Note: This is for educational purpose only.
DMART Expected to Bounce from 50 DMAAfter a short term downtrend which was on back of little to no volume, DMART has shown some strength from lower levels and is ready for a bounce till previous swing. The overall market is also oversold and needs to stabilize a bit before moving again. DMART has formed a good candle with long tail and strong volume to back it up. The same thing happend after 3rd Oct candle too.
Stop Loss: SL should be below 3,600
Entry: Entries can be made at the open right away
Target: 3,900+
Kotak Mahindra Bank is ready to fly in blue sky?Hello Guy's,
Kotak Mahindra Bank chart looking very attractive, we can see Falling resistance trendline breakout and pull back pattern, and it has formed double bottom kind of pattern too, and today Kotak Bank has posted September quarter result also, Results are mind-blowing, I will write it down here,
Sales has come 13717Cr, which is increased by 37% YOY
EBIDT has come 3581Cr, which is increased by 427% YOY
Net profit has come 4461Cr, which is increased by 24% YOY
EPS has come ₹ 22.45, which is increased by 24% YOY
So all parameter are showing a huge positivity for this ticker. Chances are high we can see gap up opening on monday.
ABOUT COMPANY:-
Kotak Mahindra Bank is a diversified financial services group providing a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory services, Asset Management, Life Insurance and General Insurance.
Other parameters:-
Market Cap
₹ 3,51,707 Cr.
Current Price
₹ 1,770
High / Low
₹ 2,064 / 1,644
Stock P/E
20.5
Book Value
₹ 563
Dividend Yield
0.08 %
ROCE
6.86 %
ROE
14.2 %
Face Value
₹ 5.00
Debt
₹ 4,18,307 Cr.
EPS
₹ 86.4
PEG Ratio
1.06
Promoter holding
25.9 %
Intrinsic Value
₹ 944
Pledged percentage
0.00 %
EVEBITDA
17.6
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
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
Giant Stock TCS has given a Breakout (Invest and forget)Hello Traders and investors.
I have brought an analysis on TCS ltd, it has given a breakout of kind of triangle pattern, And after breakout it has come to retest the levels, now it is showing pull back pattern, in between it has given a breakout of upper band of trendline and Price is sustaining above to that trendline, Seems Tcs is ready to fly in blue sky. This is kind of invest and forget type of stock for long term. Tcs is really giving a best entry now to go for long term as well as short term from here. Well this is a Giant, this can definitely play a important role to take nifty towards 21k in short term.
Tata Consultancy Services is the flagship company and a part of Tata group. It is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions.
Market Cap
₹ 13,18,941 Cr.
Current Price
₹ 3,606
High / Low
₹ 3,619 / 2,926
Stock P/E
30.2
Book Value
₹ 247
Dividend Yield
1.33 %
ROCE
59.1 %
ROE
46.9 %
Face Value
₹ 1.00
Debt
₹ 7,688 Cr.
EPS
₹ 120
PEG Ratio
2.89
Promoter holding
72.3 %
Intrinsic Value
₹ 2,191
Pledged percentage
0.48 %
EVEBITDA
20.3
PROS
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 43.3%
Company has been maintaining a healthy dividend payout of 61.4%
Company's working capital requirements have reduced from 43.6 days to 32.8 days
CONS
Stock is trading at 14.6 times its book value
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
RBL bank set to change trend in near termRBL bank chasing 2 year trendline.
green line became long term support these stock on monthly chart basis.if price crossed and close above red line on monthly basis then their will be uptrend in stock...
Target 1:230 rs
target 2:250 rs
views are personal....we are not sebi registred...
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INOX WIND will give good returnswe see in the chart that the stock changing its momentum
we will see that the stock will give good returns on the monthly chart
Central resistance zone between 235 to 310 rs approx.(+-5)...above 233 will see a sudden change in north direction...book profit at 300 rs and if broke 310 monthly then the stock will show further momentum
first target:235
second target:305 approx.
sl:165 rs on a closing basis
views are personnel...we are not sebi registered...
neogen chemicals min 20% return Trend line Trendline is broken and retracement is also completed.
smallcap stocks are going to boom.
long term investment; min 20% return
huge potential is there.
investment ;
if you are intrested in investmet, go for it with proper investment risk,
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. more than that " neogen "is fundamentally good
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.refer our old idea attached below