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NGL Fine Chem Ltd | a Momentum pharma stockNGL Fine Chem Ltd | a Momentum pharma stock Established in 1981, NGL Fine-Chem Limited manufacturers and markets APIs, Intermediates and Finished Dosage forms for human and animal pharmaceutical product. It caters to various Indian and global companies with high quality and reliable products. Financial: Market Cap = 1,382 Cr. ROCE = 11.5 % ROE = 9.31 % Debt to equity = 0.11 Promoter holding = 73.1 % Piotroski score = 4.00 Quick ratio = 2.06 Current ratio = 2.58 Return on assets = 7.11 % Profit Var 3Yrs = 18.5 % Sales growth 3Years = 21.8 % Pledged percentage = 0.00 % in Technically you can see monthly and weekly strong RSI Momentum financially also debt free company as well as company has good capex plan in comming years so this will be next multibagger if hold for long time. Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like ,boost and follow me for more ideas. Thanks and comment freely
NSE:NGLFINELong
by Momentuminvesting5540
Tamil Nadu Petro Products Ltd| A Momentum StockTamil Nadu Petro Products Ltd| A Momentum Stock Tamilnadu Petroproducts Limited, headquartered at Chennai, Tamilnadu, India is jointly promoted by Southern Petrochemical Industries Corporation Limited (SPIC) and Tamilnadu Industrial Development Corporation Limited (TIDCO) and is engaged in the business of petrochemical products viz, Linear Alkyl Benzene (LAB), Caustic Soda, Chlorine and Propylene Oxide. Friends you can clearly seen down rectangle pattern break out with rsi above 55(indicate momentum start). my motto: I learn simple ways and earn simple ways. Though I present all my ideas with simple presentation . so everyone can understand and learn simple ways to make money. Financial: excellent Market Cap = ₹ 900 Cr. ROCE = 15.1 % ROE = 11.8 % Debt to equity = 0.03 Promoter holding = 34.5 % Quick ratio = 3.65 Current ratio = 4.45 Piotroski score = 4.00 Profit Var 3Yrs = 13.6 % Sales growth 3Years = 20.6 % Return on assets = 8.88 % company is in well stable financial with momentum zone. nugget: stock market me shadi vaha hoti hai jaha dol nahi bajate. yani ki jab koi bat na kare us stock ke bare me tab usko buy karna chahie. Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like boost and follow me for more ideas. Thanks and comment freely
NSE:TNPETROLong
by Momentuminvesting5540
Triangle Pattern Breakout Seen in IRCTC | It's Ready to take offHello Traders & Investor, Guy's We have seen neat and clean Triangle Pattern breakout on Daily Chart, earlier Price was consolidating inside the Triangle Pattern since last 2 months and forming a perfect Triangle Pattern. Finally in yesterday session it have given breakout, now this is Ready to fly in blue sky. Technically and Fundamentally this is Strong Company with Mini Ratna Tag (Category 1, Central Public Sector Enterprises ) and the only company authorized by the Indian government to provide online railway tickets, catering services, and packaged drinking water at railway stations and trains in India. So this is monopoly business which runs by one of the best management owned by Govt of INDIA. MACD has already given bullish crossover, 21-EMA already crossed above 50-EMA on chart, Price is above 200-EMA from last 9 trading session, So all these parameters showing bullishness in this catering stock. We have captured on very right time when it has given a breakout. Now if this goes for retest the levels, try to accumulate with given levels. And again this is again a portfolio stock, so think for long term. For trading perspective i have already written the levels. About Company:- Incorporated in 1999, IRCTC is a Mini Ratna (Category 1, Central Public Sector Enterprises ) and the only company authorized by the Indian government to provide online railway tickets, catering services, and packaged drinking water at railway stations and trains in India. Business Divisions:- a) Catering and hospitality b) Internet ticketing c) Packaged drinking water d) State teertha e) Tourism Company manages catering and hospitality services at railway stations, on trains, and other important locations and promotes domestic travel and international tourism through the development of budget hotels, special tour packages, and e-ticketing services. Rail Neer plants:- With 8.03 crore+ users, IRCTC offers a one-stop solution for a comprehensive range of products and services related to travel and tourism. Company has 15 Rail Neer plants and 11 base kitchens. The company operates through 5 zonal offices, 10 regional offices, 1 corporate office, 1 internal ticketing office, and 1 tourism office. Company is setting up 5 more Rail Neer plants in Vijayawada, Vishakhapatnam, Bhusawal, Bhubaneswar, Kota, etc. [b Market Cap ₹ 56,588 Cr. Current Price ₹ 707 High / Low ₹ 758 / 557 Stock P/E 52.4 Book Value ₹ 35.6 Dividend Yield 0.78 % ROCE 59.2 % ROE 45.4 % Face Value ₹ 2.00 Debt ₹ 66.8 Cr. EPS ₹ 13.3 PEG Ratio 1.50 Promoter holding 62.4 % Intrinsic Value ₹ 337 Pledged percentage 0.00 % EVEBITDA 36.0 Change in Prom Hold 0.00 % Profit Var 5Yrs 34.9 % Sales growth 5Years 19.3 % Return over 5years % PROS:- Company has reduced debt. Company is almost debt free. Company is expected to give good quarter Company has delivered good profit growth of 34.9% CAGR over last 5 years Company has a good return on equity (ROE) track record: 3 Years ROE 34.6% Company has been maintaining a healthy dividend payout of 43.0% Debtor days have improved from 158 to 118 days. CONS:- Stock is trading at 19.9 times its book value Promoter holding has decreased over last 3 years: -25.0% 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.
NSE:IRCTCLong
by TraderRahulPal
AFFLE INDIA: Bullish TriangleUsually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept at the point of completion of wave-e (conservative approach) or to the breakout level of wave-d to get the target of this pattern (aggressive approach). Trading strategy: Buy on CMP 909 and keeping the SL 760 look for the target of 1600/2100
NSE:AFFLELong
by TradingSutra
7
Cheviot Company Ltd | A Trending sectorCheviot Company Ltd | A Trending sector Established in 1897, Cheviot Company Limited is a flagship company of Group Cheviot. The company is engaged in manufacturing and sale of jute goods like Sacking, Hessian and Yarn. Located in West Bengal, the company is recognized as a Trading House by the Government of India Market Cap =₹ 914 Cr. ROCE = 12.7 % ROE 9.76 % Promoter holding =74.8 % Debt to equity =0.01 we can see rounding bottom pattern so clearly shown that consolidation period over and price enter in to momentum zone. its take some time to reach target but company is almost debt free so I don't bother to invest for long time until my target reach. company's product portfolio is very strong and in demand for long term . friends this is my view. please do your research before you invest. I am not SEBI registered financial adviser. if you like my ideas than like boost and follow me. support for more ideas.
BSE:CHEVIOTLong
by Momentuminvesting5540
HDFCLIFE: Impulsive riseStock is rising in an impulsive manner from Oct'23 low of INR 600.75 of which 3rd wave is already concluded at INR 695 and currently stock is correcting lower in wave-4. As per the current price action stock has taken a support on the upper boundary of the Impulse channel 1-2 and is hovering above 38.2% Fibbonacci retracement zone which is likely to hold in the coming days. Once the price cross above 685 , that will be the final confirmation that prices have started it's 5th wave which shall take the prices towards INR 720 zone.
NSE:HDFCLIFELong
by TradingSutra
Breakout is on the way in Balaji Amines! Will you wait or enter?Hello Traders and Investors, i hope you all will be enjoying all time high market, specially investors would be enjoying a lot this Green Rally because your portfolio will be All time in Green zone with handsome profits. Well i have brought another stock which have made their investors to billionaires in just 10 years. let me show you how, today is 9th of december 2023. Suppose If you have Invested ₹100,000 in Balaji Amines Limited on December 09, 2013 you would now have now ₹4,910,000. Seriously this is possible in investing world,,and do you know funny thing,, Right now this stock is on 50% Discount, yes u heard it right,, Right now stock price trading at 2296 and in September 2021 this stock has made all time at 5223. And on 9th december 2013 stock price was trading at just ₹47.60. So i use billionaires word for those who has invested and did not sold till september 2021, as that time stock was on all time high at 5223, so here is the calculation, 100000/47.60*5223=10,972,689 INR. So this is 100 times returns and this stock has given dividend too of ₹86,134.45 in last 10 years,,. Wow this is just possible in investing and business world. So guy's think for long term and start investing with even small amt and do SIP to generate handsome income in long term. Well guy's now let's talk technical about this stock, As of now we have not seen flag pattern breakout, but if you are thinking for long term then you should not wait for pattern breakout, you should accumulate as much as possible until you are getting this in down levels. For short term traders also it is giving best entry, you can go with given levels but do not forget to put given stop loss. Earlier trend was highly aggressive in it, so once breakout will take place in it same momentum we can see again. In weekly timeframe MACD has given bullish crossover and price is above 200 DEMA and price is consolidating in between range of flag pattern, so all these indicating a bullish momentum has to come in it.. So go accordingly. ABOUT COMPANY:- Balaji Amines Ltd specialises in manufacturing Methylamines, Ethylamines, Derivatives of specialty chemicals and Pharma Excipients. These have been the main products, it also have facilities for the manufacturing of derivatives, which are down-stream products for various pharma/pesticide industries apart from user specific requirements. It is one of the largest manufacturers of aliphatic amines in India. Market Cap ₹ 7,442 Cr. Current Price ₹ 2,297 High / Low ₹ 2,915 / 1,873 Stock P/E 37.7 Book Value ₹ 496 Dividend Yield 0.44 % ROCE 36.5 % ROE 23.2 % Face Value ₹ 2.00 Industry PE 32.8 Debt ₹ 43.9 Cr. EPS ₹ 60.9 Promoter holding 53.7 % Intrinsic Value ₹ 1,327 Pledged percentage 0.00 % EVEBITDA 18.2 Change in Prom Hold 0.00 % Profit Var 5Yrs 23.6 % Sales growth 5Years 22.3 % Return over 5years 39.8 % Debt to equity 0.03 Net profit ₹ 243 Cr. ROE 5Yr 26.1 % PROS:- Company has reduced debt. Company is almost debt free. Company has delivered good profit growth of 23.6% CAGR over last 5 years Company has a good return on equity (ROE) track record: 3 Years ROE 28.6% Debtor days have improved from 79.0 to 58.8 days. 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.
NSE:BALAMINESLong
by TraderRahulPal
1
Strong fundamental Stock at Support LevelTCI Express Technical Analysis: 1. Moving Average Analysis: 200 Days Moving Average (DMA): The fact that the stock has taken support at the 200 DMA suggests a potential bullish signal. If the current market price (CMP) is above the 200 DMA, it could indicate a positive trend. 2. Current Market Price (CMP): The CMP of TCI Express is at 1414. If the stock is trading above its support levels and moving averages, it may indicate bullish momentum. 3. Price Targets: The provided price targets of 1666 and 1948 can be considered as potential resistance levels. Investors should watch how the stock performs around these levels. A break above these targets could signify further upward movement. 4. Revenue Outlook: The mention of outstanding revenue doesn't provide specific details. However, it's crucial to analyze the company's financial health, revenue growth trends, and any recent financial reports to understand the fundamental strength of the stock. 5. Risk Factors: Identify potential risks that could affect the stock negatively, such as industry trends, economic conditions, or specific company-related risks. Always consider a risk management strategy. 6. Market Sentiment: Analyze market sentiment through social media, news articles, and other sources to gauge the broader investor perception of TCI Express.
NSE:TCIEXPLong
by stockxwatcher
1
BPCL-A Review for 8th Jan'23 ideaInverse Head and Shoulders Continuation: This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head. The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies. Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern. However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern. After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above. The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline. TRADING STRATEGY: Buy on CMP 355-54 zone , keeping SL of 320 look for the target of 415-430 zone.
NSE:BPCLLong
by TradingSutra
2
BEML: CUP&HANDLETrading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 2015 and keeping a stop loss of 1675 , look for the target of 2900-3000 in the coming weeks and months. Buy: CMP Stop loss : 1675 Targets: Tgt 1: 2900-3000 Theory: The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential. Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case. Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory. Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup. Volume: There should be a substantial increase in volume on the breakout above the handle's resistance. Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
NSE:BEMLLong
by TradingSutra
2
Axis Bank : Cup&HandleTrading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 980 and keeping a stop loss of 927 , look for the target of 1100-1120 in the coming weeks. Buy: CMP i.e. 980 Stop loss : 927 Tgt: 1100 Theory: The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential. Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case. Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory. Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup. Volume: There should be a substantial increase in volume on the breakout above the handle's resistance. Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
NSE:AXISBANK
by TradingSutra
SBI: Head & ShoulderStock has formed a Head and shoulder pattern who se neckline is identified at 553. A sustained move below 553 shall bring the stock down towards the measured target zone of 493-95 THEORY: This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which the volumes are quite large. At the end of the left shoulder, a minor correction takes place on the downside which happens on the low volumes comparatively the starting of the left shoulder. After this, again an up move can be seen on large volumes forming a head whose top is above the left shoulder following a correction on lower volumes & completing the head. The completion of the head must be below the top of the left shoulder. If the prices fall down below the low of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies. Now if you connect the bottoms of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing below the line, this will be the confirmation of the breakdown of the H&S pattern. However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern. After retesting if the prices again come down this will be the final confirmation of the downside movement of the price as shown below. The bookish target of this pattern is taken as the vertical price range from the top of the head to the neckline & the bookish Stop loss should be the top of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range above the neckline.
NSE:SBINShort
by TradingSutra
2
Shree Cement : Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Flag & Pole 📌 Symbol/Asset: SHREECEM 🔍 Description: Stock is in a different patterns. Stock should give breakout above 27400-27500 If stock is not able to cross the Resisstance then we can see correction till the support of 24200-24300. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. hashtag#cement hashtag#industry hashtag#money hashtag#stock hashtag#trading hashtag#investing hashtag#finance hashtag#realestate hashtag#nifty50 hashtag#stockmarket
NSE:SHREECEMLong
by FiveCircles