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Hammer and W pattern in Bank Nifty||buy for the target of 43800+Banknifty is trading at support levels, and just now we got a hammer in one hour candle. And double bottom also,, Might be banknifty can go to make W from here. In the forming of W pattern banknifty will reach to our expected target which is 43800+. Chances are high for the reversal from these levels. So if anyone wants to go long from here can go with current price 43386 . go with proper given levels and keep a strict stop loss as anything can happpen from here. Disclaimer:- Always do your own research or consult with your financial advisor before taking any trades. If anyone like my work then support me by like and follow. Thankyou. Regards Rahul Pal
NSE:BANKNIFTYLong
by TraderRahulPal
2
Cantabil Retail India Ltd || Investment stock Pick for long TermAbout Company:- Cantabil Retail India Ltd was incorporated in 1989 and started its readymade garments manufacturing and retailing business in the year 2000. Market Cap ₹ 1,652 Cr. Current Price ₹ 1,011 High / Low ₹ 1,595 / 800 Stock P/E 28.2 Book Value ₹ 111 Dividend Yield 0.25 % ROCE 21.8 % ROE 26.8 % Face Value ₹ 10.0 Debt ₹ 300 Cr. EPS ₹ 35.8 PEG Ratio 0.50 Promoter holding 75.0 % Intrinsic Value ₹ 539 Pledged percentage 0.00 % EVEBITDA 12.1 PROS Company is expected to give good quarter Company has delivered good profit growth of 56.1% CAGR over last 5 years Well Stock is good and trading at discounted price, it can give you huge returns as business model is really futuristic, let me tell you more about this ticker like product portfolio, online revenue, Expansion, focus etc.. Product Portfolio Men’s Wear (86%) - Formals, Casuals, Ultra Casuals, Woollen, Knitwear Women’s Wear (9%) - Shirts, Tops, Leggings, Kurtas, Kurtis, Capri, Pants, Jeans Kids Wear (2%) - Shirts, T-shirts, denim, trousers, Culottes, dresses, tops, jeggings, shorts Accessories (3%) - Innerwear, Belts, Socks, Ties, Handkerchief, Deo, etc. Online Revenues As of now, online sales generate 1% of the company's total revenue and the Company expects online business to grow to nearly 5% in the next 3-4 years. But the Co. is focused on expanding via brick-and-mortar stores especially in the tier 2 and tier 3 cities and towns. Manufacturing Capacity The company has established a 1.5 lakh sq.ft. state of an art manufacturing facility in Bahadurgarh, Haryana with a capacity to produce 10 Lakh garment pcs./p.a viz, equipped with best brand machines from JUKI, Durkopp, Brother, Ngai Shing, Kansai, Pfaff, Maier, Siruba, Sako and latest finishing equipment using hot and cold steam foam finishers from Veit and Macpi. Expansion In FY22, Company added 58 new stores and invested in building a new multi-floor warehousing facility cum corporate office to make it hassle-free and improve controls over inventory and warehousing management significantly. Distribution Network The company sells its products under its brand Cantabil, Kenaston, Crozo, and Lil Potatoes through 378 Showrooms/ Stores and 414 Outlets in 18 states. Asset Light Model The company operates with an asset-light model wherein only about 1/3rd of the apparel are manufactured in-house at its fully integrated facility in Bahadurgarh. And sources another 1/3rd of its requirements from dedicated job workers and the balance ~1/3rd is purchased on a FOB basis directly from manufacturers. Focus The company is focused on expanding via brick-and-mortar stores in the country especially targeting the tier 2 and tier 3 cities and towns where it gets to take advantage of the first mover benefit. I have done my analysis about this ticker. Stock is looking attractive at these levels. So if anyone wants to go long can go for target of 1600 and keep stop loss at 800,,but this is kind of stock where you can create wealth in long term. Disclaimer:- I already have investment in this from down levels and i am holding this for long term. If anyone likes my work then please like, follow and comment. Thankyou:-))
NSE:CANTABILLong
by TraderRahulPal
Higher highs and higher low patterns in EscortsI have analyse this on weekly time frame, and i found it is trading in higher highs and higher low patterns, this is a proper bullish momentum and now it is going to make higher highs from these levels, and this upward cycle can take ESCORTS towards 2400+ levels. I have done analysis on daily time frame also and i found,,,A rise in volume with a bullish candle at the market supports the bullish view in Escorts. According to daily timeframe price has surpassed the resistance from a falling trendline. The breakout candle is supported by a rise in the volume. RSI is moving in sync with the price. MACD is sustaining above its zero line. The price is touching its upper Bollinger band which is a sign that the buying interest is intact. All these observations are seen in the daily time frame. The Price can rise up to 2250-2450+ levels and above that, Stop loss will be 1950. Always trade Carefully use proper given stop loss. If anyone like my work then please appreciate me by like and follow and also comment you view on this trade. Thankyou
NSE:ESCORTSLong
by TraderRahulPal
Balkrishna Industries has successfully broken out. Buy Buy BuyBalkrishna industries has successfully broken out from a downward slopping trendline, indicating a significant shift in it's price trajectory. This breakout is supported by a remarkable surge in trading volume, further strengthening the bullish sentiment. MACD crossover also taken place in chart. RSI Also supporting bullish crossover. So indicator and price action showing a bullish moments in this ticker. We can see a sharpe rally for upside from here in this ticker, which can take this to 2700+ levels. Please always trade with stop loss. Well this stock is very good to make wealth in long term So if anyone wants to invest in this can invest and hold for long term also, Management is also good. If anyone likes my work then please like, follow and comment. Thankyou:))
NSE:BALKRISINDLong
by TraderRahulPal
2
Buy Deepak Nitrite for the target of 2900 | almost 35% from hereAbout Company:- Incorporated in 1970, Deepak Nitrite Ltd manufactures Basic Intermediates, Fine & Speciality Chemicals, Performance Products, and Phenolics. Market Cap ₹ 28,453 Cr. Current Price ₹ 2,086 High / Low ₹ 2,357 / 1,681 Stock P/E 33.4 Book Value ₹ 300 Dividend Yield 0.34 % ROCE 30.0 % ROE 22.9 % Face Value ₹ 2.00 Debt ₹ 72.9 Cr. EPS ₹ 62.5 PEG Ratio 0.56 Promoter holding 49.1 % Intrinsic Value ₹ 2,611 Pledged percentage 0.00 % EVEBITDA 21.3 PROS Company has reduced debt. Company is almost debt free. Company has a good return on equity (ROE) track record: 3 Years ROE 31.6% Promoter holding has increased by 3.41% over last quarter. Behatreen company hai with good management. Stock price also has given breakout of downsloping trendline and price is above 200 EMA. Volume has increased, MACD already given bullish crossover. All these indicating a bullish reversal in this ticker. For the trading perspective there will be target of 2900+ but if anyone wants to hold for long term can go with these levels and hold for the target of 5000+. If anyone likes my work please like, follow and comment. Thankyou.
NSE:DEEPAKNTRLong
by TraderRahulPal
2