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SBI hits over 3-month high ahead of Q4 results SBI hits over 3-month high ahead of Q4 results; stock gains 8% in one month SBI is a sector proxy that benefits from its strong liability franchise and continued favourable sector tailwinds Shares of State Bank of India (SBI) hit over three-month high of Rs 590.10, up 1.4 per cent on the BSE in Tuesday's intra-day trade, ahead of its January-March quarter (Q4FY23) earnings. The largest state-owned back is schedule to announce its Q4 results on Thursday, May 18, 2023. The stock had hit a record high of Rs 629.65 on December 15, 2022. Currently, SBI is trading at its highest level since January 25, 2023. In the past one month, the stock has outperformed the market by surging 8.5 per cent. In comparison, the S&P BSE Sensex and Nifty50 gained 3.8 per cent, while the Nifty PSU Bank index gained 4.2 per cent during the period. SBI is the largest public sector bank in India with strong retail portfolios and best operating metrics in the PSU banking space. The bank has witnessed continued improvement in asset quality coupled with healthy PCR.
NSE:SBIN
by chetnaparmar833
Buy HPCL for target of 285About Company:- Hindustan Petroleum Corporation Ltd is mainly engaged in the business of refining of crude oil and marketing of petroleum products, production of hydrocarbons as well as providing services for management of E&P Blocks. Market Cap ₹ 33,655 Cr. Current Price ₹ 237 High / Low ₹ 304 / 200 Stock P/E Book Value ₹ 198 Dividend Yield 5.88 % ROCE 11.6 % ROE 18.1 % Face Value ₹ 10.0 Debt ₹ 74,332 Cr. EPS ₹ -60.4 PEG Ratio Promoter holding 54.9 % Intrinsic Value ₹ Pledged percentage 0.00 % EVEBITDA -18.5 HPCL looking good on chart, 200 day EMA is crossover just happen at 237 level. MACD bullish cross over is also gonna to be very soon. Right now it is trading in lower range but according to price action we can see upside moment, and very soon we can see huge breakout which can make HPCL towards 285+ levels. So if anyone wants to go long can go with given levels. Please follow strict stop loss. If anyone wants to trade in Option writing can take this position:- Sale hindpetro 240 Pe at 5.25 keep stop loss for this strike at 10 and hedge with Hindpetro 225 pe at 0.65... If anyone wants to just naked option can go with :- buy Hindpetro 235 Ce AT 5.8 keep stop loss at 1.5 and ride the trade for the target of 9/10/11+ If anyone like my work please support me by like, follow and comment. Thankyou.
NSE:HINDPETROLong
by TraderRahulPal
2
Multi Months Symmetrical Triangle Breakout Seen in Data MaticsAbout Company:- Datamatics Global Services Ltd is a global provider of Information Technology (IT), Business Process Management (BPM) and Consulting services. The Company provides business aligned next-generation solutions to a wide range of industry verticals that help enterprises across the world overcome their business challenges and achieve operational efficiencies. Market Cap ₹ 2,041 Cr. Current Price ₹ 346 High / Low ₹ 364 / 234 Stock P/E 11.0 Book Value ₹ 178 Dividend Yield 1.08 % ROCE 24.8 % ROE 19.5 % Face Value ₹ 5.00 Debt ₹ 21.3 Cr. EPS ₹ 32.0 PEG Ratio 0.44 Promoter holding 70.9 % Intrinsic Value ₹ 357 Pledged percentage 0.00 % EVEBITDA 6.79 PROS Company has reduced debt. Company is almost debt free. Company has delivered good profit growth of 24.8% CAGR over last 5 years CONS The company has delivered a poor sales growth of 9.90% over past five years. Promoter holding has decreased over last 3 years: -3.26% Working capital days have increased from 95.4 days to 147 days Well i have done my analysis in it, and i found it a profitable bet for future. Technically and fundamentally it is looking good. We have already seen a multi months symmetrical triangle breakout in it. A huge upside momentum expected from here. For trading perspective i already written levels on chart. But according to me this is best to time enter for long term. All the data showing very positive for this ticker. In coming 6-7 years we can see 800-1000% returns in it. So take position accordingly. If you are planning for trading purpose then please follow strict stop loss. Please guy's if you like my then please support me by like and follow and please tell me your view regarding this company in comment box, i would be happy to reply there. Thankyou:-))
NSE:DATAMATICSLong
by TraderRahulPal
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:))
NSE:UGARSUGARLong
by TraderRahulPal
IndusInd Bank Net Profits Zoom 50% Price Action also showing (+)IndusInd bank trading in a bullish channel and now it is trading in mid range of that channel. Price also taken support at EMA 200 D is line. MACD and RSi also giving bullish crossover. So technically this is looking awesome on chart. Now talk about fundamentally, so here today was the result day and result is also attractive and the board of the bank also recommended a payment of dividend at the rate of 14 Per share subject to approval of the shareholders at the ensuring Annual General Meeting. So if anyone wants to go long in it, can go with given level on chart. Please follow strict stop loss. For option lover:- Sale IndusInd 1100 pe at 31 keep stop loss 62 & hedge with Buy IndusInd 1000 pe at 6.9 For naked option buying:- Buy IndusInd 1080 Ce at 53.8 keep stop loss at 13 Target 77/89/101 Please follow a strict stop loss If anyone likes my work please support me by like, follow and comment your thought on this trading idea. thankyou:))
NSE:INDUSINDBKLong
by TraderRahulPal
Tata Motors hits 52-week highTata Motors hits 52-week high ahead of Q4 results; soars 32% so far in CY23 Brokerage firms are expecting a strong recovery in Tata Motor's financials as supply-side issues are relaxing (for JLR) and commodity headwinds are easing (for PV and CV). Tata Motors is expected to report a healthy performance in Q4FY23 primarily tracking a recovery in wholesale volumes at Jaguar Land Rover (JLR). Total sales volume at Indian operations was at 2.52 lakh units, up 10.4 per cent quarter-on-quarter (QoQ) with JLR sales volume (including China JV) anticipated at 1.08 lakh units, up 16.6 per cent QoQ.
NSE:TATAMOTORS
by chetnaparmar833
Inverse Head and Shoulder Breakout seen | Target 320/330+Price moment indicating a bullish reversal in Chambal Fertiliser as we have seen Inverse or inverted Head and shoulder pattern in down levels and it has given proper breakout from it's neckline. So we are expecting some bounce back in it, and this momentum can take this ticker towards 320/330+ levels. Follow all given levels before to trade. I have a best option strategy in it. Bull put spread:- Buy Chamblfert may 290 put at 6.1 and sale Chamblfert may 310 put at 15.6 just follow this. No stop loss as there is already hedge position is there. Naked Buy option:- Chamblfert may 300 ce at 9.55 and keep stop loss at 5 target 13/15/18+ Please follow strict stop loss in trade. If anyone likes my work, then please like and follow me and comment me regarding my idea. Thankyou
NSE:CHAMBLFERTLong
by TraderRahulPal
RVNL is ready to Big move, it's making flag patternABOUT COMPANY:- Rail Vikas Nigam Ltd was Incorporated in 2003 by the Govt. of India, it is engaged in the business of implementing various types of Rail infrastructure projects assigned by MoR including doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, Production Units and sharing of freight revenue with Railways as per the concession agreement entered into with Ministry of Railway. Market Cap ₹ 15,656 Cr. Current Price ₹ 75.1 High / Low ₹ 84.2 / 29.0 Stock P/E 10.9 Book Value ₹ 33.7 Dividend Yield 2.41 % ROCE 16.8 % ROE 19.7 % Face Value ₹ 10.0 Debt ₹ 6,361 Cr. EPS ₹ 6.90 PEG Ratio 0.45 Promoter holding 78.2 % Intrinsic Value ₹ 133 Pledged percentage 0.00 % EVEBITDA 8.11 PROS Company has delivered good profit growth of 24.2% CAGR over last 5 years Company has been maintaining a healthy dividend payout of 32.3% Company's working capital requirements have reduced from 92.3 days to 20.9 days Well company is good for short term as well as long term. Best dividend Paying Government stock. Trading at good price to enter for long term. So if anyone wants to go long can go with given levels and do not forget to put stop loss if your horizon only for short term. Please do not forget to like, follow and comment for next update Thankyou:))
NSE:RVNLLong
by TraderRahulPal
5