Stockmarketanalysis
NATIONAL ALLUMINIUM swing tradeNATIONAL ALLUMINIUM
has come out of its range from july 2022 and is looking buy on dips as long it is above 80 levels ,can reach levels of 95/100/120/130 in coming days, SL 75
FUNDAMENTALS :
# Company virtually debt free
# Good cash flow
# 50% promoter holdings (GOOD)
# Low PE ratio (Undervalued)
# FIIs and DIIs increasing stakes in the co (VERY GOOD)
3P LAND HOLDINGSFundamentals are decent ,charts showing big breakout
High risk stock
Buy on dips until trading above 20rs SL 13
# Multi year breakout stock breaking out of resistance of 2008
# Breaking out with good volumes
# 0 debt company
# 75% promoter holdings (GOOD)
# Company net profitable
# Reserves increasing
INDIABULLS HOUSING FINANCEIndiabulls housing finance is buy on dips until it is trading above 100 levels , a higher low in the structure indicating bullishness , can buy on any dips towards 110 levels with SL at 90 for big targets in long term
NIFTY50 index positional analysisI am highly bullish on NIFTY50 index as it has formed a bullish CUP AND HANDLE PATTERN and if it breaks above major resistances of 18500-18700 resistance zones , by breakout i mean a monthly candle closing and then a retest , if this happens I'm expecting the index to touch 20k-21k levels in the near future