Shorttermbull
NLCINDIA - SWING TRADE - 3rd December #stocksNLCINDIA (1D TF)
Swing Trade Analysis given on 3rd December, 2023 (Sunday)
Pattern: RECTANGLE BOX BREAKOUT
- Volume Buildup Near Resistance - Done ✓
- Trendline Breakout - Done ✓
- Retracement + Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #nlcindia
IMFA - 2 Months Consolidation / All TIme High BreakoutIndian Metals & Ferro Alloys Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (February, 2024). Now It has given a Consolidation breakout & Closed above it's (January, 2024) High with good bullish momentum candle & with good volume in Weekly Time Frame - All Time High Closing .
3) The stock may find It's next resistance around the (price 805) in short term.
5) Recommendation - Good Buy
HAPPIEST MINDS - SHORT TERM TRADE - 14th January #stocksHAPPIEST MINDS (1W TF) - Swing Trade Analysis given on 14th Jan, 2024
Pattern: SYMMETRICAL TRIANGLE BREAKOUT
- Upper Trendline Resistance Breakout - Done ✓
- Retest & Consolidation - Done ✓
- Pullback Candle - Done ✓
#stocks #swingtrade #chartanalysis #priceaction #traderyte #happiestminds
GRANULES INDIA Swing Trade Long TradeGRANULES INDIA Swing Trade Long Trade
Buying levels 315 to 317 or 318
Stop loss below 309
1st Target 330
2nd Target 340
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
LTTS Bullish for Short/Long termLTTS on weekly chart. Came out of the triangle pattern, and near the demand zone. IT sector has corrected much and NASDAQ is looking bullish. Can go long on CMP @ 3800 with SL around the below the weekly green candle (for short term traders). Target is OPEN
disclaimer: this is not a call, do your own due diligence before entering. I am not responsible for your profits & losses.
GMDCLTD short term bullishTake entry at 165-166
target : 179.25
Strong SL 161.90
179 is Major resistance for this counter. Market is in uptrend now so we can trade this for 10-13 points profit till resistance. 99% chance of downtrend from 179 level. So don't wait for next move.
If one daily candle close above 187 then surely it will reach to 220.
View on L&T Finance.Company Overview
L&T Finance Holding is a non-banking financial company (NBFC) headquartered in Mumbai, India. The company was founded in 2008 and is a subsidiary of Larsen & Toubro, one of India's largest engineering and construction companies. L&T Finance Holding provides a range of financial services, including retail loans, commercial loans, and asset management.
Financial Performance
L&T Finance Holding's financial performance has been strong in recent years. In the fiscal year 2022, the company generated revenue of ₹25,416.63 crore and net profit of ₹416.93 crore. L&T Finance Holding's revenue has grown at an average annual rate of 10% over the past five years. The company's net profit has grown at an average annual rate of 15% over the past five years.
Competitive Landscape
L&T Finance Holding faces competition from a number of other NBFCs in India, including HDFC Bank, ICICI Bank, and Axis Bank. However, L&T Finance Holding has a strong brand and a loyal customer base. The company also has a strong financial performance and a bright future.
Future Performance
L&T Finance Holding is expected to continue to grow in the future. The company is investing heavily in new products and services, such as digital lending and wealth management. L&T Finance Holding is also expanding its international presence. The company is well-positioned to continue to grow in the years to come.
Recommendation
I recommend buying L&T Finance Holding stock. The company has a strong financial performance, a competitive advantage, and a bright future. I believe that the stock is undervalued and has the potential to generate significant returns for investors.
Financial Ratios
Here are some financial ratios for L&T Finance Holding:
Price-to-earnings ratio (P/E ratio): 10.5
Price-to-book ratio (P/B ratio): 1.5
Return on equity (ROE): 18%
Return on assets (ROA): 1.5%
Debt-to-equity ratio: 0.5
These ratios indicate that L&T Finance Holding is a relatively undervalued stock with a strong financial performance. The company has a low P/E ratio, a low P/B ratio, and a high ROE and ROA. The company also has a low debt-to-equity ratio, which indicates that it is financially sound.
Here are some Technical ratios -
RSI value: The RSI value is currently at 65, which is above the 50% mark and indicates that the stock is overbought. This could mean that the stock is due for a correction in the near future.
MACD: The MACD is currently in a bullish trend and is above the signal line. This is a positive sign and indicates that the stock is likely to continue to rise in the near future.
MFI: The MFI is currently at 75, which is above the 80% mark and indicates that the stock is overbought. This could mean that the stock is due for a correction in the near future.
Elliott Wave Theory
According to Elliott wave theory, L&T Finance Holding is currently in an uptrend. The stock has broken out of a previous downtrend and is now moving up in minor wave 3. However, the stock is still in correction as per weekly timeframe or intermediary wave. This means that the stock could still experience some volatility in the short term. However, I believe that the stock is still a good investment and has the potential to continue to rise in the long term.
Conclusion
L&T Finance Holding is a well-managed NBFC with a strong financial performance and a bright future. The stock is currently undervalued and has the potential to generate significant returns for investors. I recommend buying the stock for the long term.
GRAPHITE - For Swing or Short termGraphite is looking good for swing or Short term.
More Strength above 425
Weak below 400
About Comapany :-
Graphite India Limited manufactures and sells graphite electrodes, and carbon and graphite specialty products in India and internationally. The company operates in two segments, Graphite and Carbon, and Others. It offers a range of graphite electrodes with various diameter and power for AC and DC furnaces. The company also provides extruded graphite in the form of rods and blocks, mini rods, graphite tubes, heat exchanger tubes, molded mold and isostatically moulded graphite, machined components of carbon and graphite, carbon graphite/bricks, and carbon composites/brake discs. In addition, it offers calcined petroleum coke, carbon electrode paste, graphite granules and fines, and carbonaceous materials to aluminum, steel, ferro alloy, and foundry castings industries; and impervious graphite heat exchangers, which are used as condensers, coolers, heaters, re-boilers, evaporators, interchangers, and graphite columns for distillation, absorption and scrubbing, ejector systems, and centrifugal pumps. Further, the company provides HCl synthesis and dry HCl gas generation units, and H2SO4/HCl concentration and acid dilution cooling units; bursting discs, thermos-wells, pipes, and pipe fittings; glass fiber reinforced plastic pipes, joints, and fittings; and high speed, alloy tool, and powder metallurgy steels for cutting tools. Additionally, it generates and sells electricity through a hydel power plant. The company was founded in 1962 and is headquartered in Kolkata, India. Graphite India Limited is a subsidiary of Emerald Company Private Limited.
Seen Breakout :: Ugar Sugar can fetch 18-24% in short termABOUT COMPANY:-
Incorporated in 1939, The Ugar Sugar Works Ltd. is engaged in the manufacture and sale of sugar, industrial and potable alcohol, and generation and distribution of electricity.
Primary trend of Ugar Sugar Works has been bullish, as stock is holding above long term moving averages. We have seen also a downward slopping trendline breakout on daily charts. Price breakout is accompanied with rising volumes.
Indicator and oscillators have turned bullish on the daily and weekly charts. Sugar sector has started performing well after healthy correction.
So if anyone wants to go long can go with 102.35 current levels. You can also accumulate if you get 95-100 levels and place a stop loss at 88 and go for target above 120/124+,,minimum 20% returns possible in short term. Please follow strict stop loss.
If anyone likes my work please like, follow and comment your thoughts too.
Thankyou:))
Possible C-Wave; Short term Elliotical Approach to EURUSD. Hello Traders!
1. We see a 5-wave move down, a clear impulse; then Wave A breaking into 5 parts, and then a clear Wave B breaking into further 3 parts.
2. We see a running triangle variation forming as shown in the chart and then a 5-move impulse down. Image attached.
3. A 5-move wave up can be clearly seen on the chart in the 15-minute timeframe. That will be our 1st wave.
4. Target can be anywhere between 100% of Wave B and 161.8% of Wave A. That gives us the complete green zone.
5. I've already talked about irregular correction quite in depth in the BTC idea I published recently. The link will be attached.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
Short Term Trade Idea (NATIONAL ALUMINIUM)
Materials
Metals - Aluminium
Smallcap
With a market cap of ₹13,471 cr, stock is ranked 288
Current price is less than the intrinsic value
Stock has been generating better return on equity than bank FD
Stock offers good dividend returns
Good time to consider, as stock is not in overbought zone
Stock not in ASM/GSM lists and not a lot of promoter holding is pledged
Disclaimer : I am not a SEBI Registered Research Analyst so before your Investment Please Consult you Financial adviser.