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Upcoming Features on Dhan - AMJ 2023Hello Everyone,
Firstly, we hope all of you are doing well and are excited about Investing & Trading for the new Financial Year 2023-24. We are excited for the coming times, and with you, we continue to ensure that Dhan gets better every day.
For our incredible user experience and awesome customer service that Dhan is focussed on, the start of 2023 has been exciting for all of us. Jan, Feb, and March of 2023 have been great months as we continue to see the highest number of Traders & Investors on Dhan across all our platforms. We continue to build and ship things that matter to Traders & Investors and as always, your feedback, suggestions, and support help us build Dhan for you.
We continue with our tradition of building Dhan with our users - Super Traders and Long Term investors. Here is the list of things that we are building now and expect to launch in AMJ 2023.
1. Strategy Builder and Pre-Built Strategies for Commodity & Currency Traders
Dhan continues to witness a surge in commodity and currency traders - in the past month Commodity trades have grown > 10X and Currency trades have grown > 5X on Dhan. We doubled our commodity trades and traders in the last month, one of the reasons for this growth has been the incredible commodity trading experience we provide for Commodities 5, and we aim to take that further with the most requested feature by Commodity Traders on Dhan - Custom Strategy Builder and Pre-Built Strategies in Commodity and Currency Segment. This will be first made available on the Options Trader on the Web platform.
2. Mutual Fund Investments on Dhan
We have been working on this for a very long and are glad to inform our users that Mutual Fund Investments will soon be made available in private beta. We have finished building over 80% of this product and now are in the last phase of development where we are ensuring we provide a seamless and best-in-class experience for our users. Dhan will offer zero-commission Direct Mutual Funds to its users and at launch will be feature packed with everything that you could expect from a Mutual Fund investing platform.
3. Option Trading on TradingView.com
Many traders prefer to do their studies, analysis, research, indicators and signals on TradingView which is one of our favorite products as well. Dhan lets users trade directly from TradingView.com 2 and also is the only Stock Trading platform in India that provides Free Webhooks for Order Execution 9. While Options data is not available on TradingView, we are working towards making Options Trading super simple for our Super Traders. While we are behind schedule on this, we will soon launch Webhooks as a newer Order type, making it super simpler for our users to trade in Options (and any segment) directly based on your studies on TradingView. This will be launched on the Dhan Web platform. PS: Also in case you missed it, TradingView has awarded Dhan as one of the most Reliable Technology Brokers 5 across the world… Yay!
4. Trade Directly from TradingView Apps (iOS and Android)
Dhan is the first stockbroking platform in India to enable direct trading on TradingView.com 2 with its Connect through Trade Panel, later we extended this functionality to the TradingView app on iOS and very soon will be made available on TradingView’s Android App as well. Over 38,000 Super Traders on Dhan 1 have now connected their Dhan account with TradingView - all of them will soon be able to trade from their TradingView apps as well.
5. Trading Notes on Dhan
Trading may be easy, but making money from trading is not! We have interacted with many disciplined traders and based on our interactions have enhanced the journey of Super Traders on Dhan with Trader’s Diary 2 and Trader Controls 2. Very soon, we will introduce Trading Notes - where you will be able to add simple notes to every trade you make. Your Trading Notes will also be visible in your Trader’s Diary and Past Trades. Be a better & disciplined trader and manage your Risk while trading, only with Dhan!
6. Flash Trader on Dhan Web
Option Buyers already love using the Flash Trader 12 that we recently introduced on the Dhan app. We intend to extend this feature on Dhan Web as well, and eventually also bring this to Options Trader App and Web. Flash Trader helps traders quickly discover and trade in contracts that have the Highest Volumes, Highest Open Interest, and also are At-The-Money (ATM) on both Bullish or Bearish views.
7. Unified Login across all Web Platforms
Dhan currently operates three different web platforms - Dhan Web (web.dhan.co), TradingView console on Dhan (tv.dhan.co 2) and Options Trader Web (ot.dhan.co 6). We noticed that there is a significant overlap between users on our web platforms, and to make it further seamless and convenient for our users we will introduce a Unified Login across all Web Platforms.
8. Updating Primary Bank Account
In our priorities for the year 2023 we mentioned that we want to ensure all requests our Traders and Investors have should be made digital. With that thought process, we earlier introduced updating of Email Address, Mobile Number 2 and Nominations online 1, continuing with the same in this quarter we plan to introduce the functionality to Update Primary Bank Account as well to Dhan.
9. Glass Version: Options Trader App
We introduced our first release for 2023 - Dhan App Glass Version 18 and our Super Traders and Investors simply love it. We now aim to extend the same incredible Glass experience to Options Trader app and along with that also bring new features and capabilities to the Options Trader app 3. We will speak in detail more when we launch this - Option Traders would love this!
10. Enhanced Option Chain on Dhan
Option Traders love the real-time Option Chain experience 3 on Dhan and we have continued to improve the experience over the period with feedback and suggestions from our users. We also extended it across all platforms, including bringing an Advanced Option Chain 7 and also integrating it directly on Dhan’s TradingView console 5. We will introduce an enhanced version of Options Chain soon, which will be lighter, and faster and along with highlight some incredible insights for you on the Options Chain itself.
11. Enhanced Referral Experience on Dhan
One of the key reasons we are able to grow every month is simple - Word of Mouth. We speak with many of our users and know that they were introduced to Dhan by their friends and family. That aside, we have an incredible Referral program where our users get 20% of all brokerage generated by their friends whom they refer to Dhan - this is for a lifetime and users can withdraw the referral reward directly to their Bank Account! We recently introduced QR for fast & easy referral to Dhan, and we are working to make the overall Referral experience even better than today.
12. Delivery Volumes for Stocks
Over the past few months, we are witnessing more and more Intraday Trades in the Cash segment along with positional Swing Traders, many of whom today are using the Margin Trading Facility where Dhan offers up to 4X margin benefit on up to 950+ stocks. For short-term traders, Dhan does provide Technicals along with Technical Orders and more recently launched Forever Orders on Equity 1 enabled on top of DDPI 2 - another first one in the Stock Broking industry from Dhan. We are now considering enabling delivery volumes for such short-term traders and investors to track delivery v/s intraday trading volumes across all stocks.
13. Upcoming Corporate Actions
We introduced Corporate Actions 1 sometime back and it is already a very popular feature on Dhan along with Dividend Tracking 2 for Investors and Real-Time News 2. Some of our users had requested for introducing upcoming Corporate Actions and we expect to bring this on Dhan in a few weeks. We believe this should benefit a lot of Investors as well as Swing Traders on Dhan.
14. Market Feeds APIs
We know we are running behind schedule on this and there is a reason for the same - we want the Market Feeds APIs to be super fast. We internally are in the final stages of testing a new broadcast system that is visibly faster than the existing one on Dhan also what industry standards are. Dhan’s SuperFast Trading APIs are now consumed by over 500+ API-based traders for order execution, and also by 50+ partners including the likes of TradingView, Smallcase, Tata Capital, GoCharting, and many more. We will introduce Market Feed APIs for all API-based traders and Algo Traders in our suite of Dhan HQ SuperFast Trading APIs 3.
15. Updated Baskets Experience
It’s been a while since Dhan introduced Baskets across all our platforms - App, Web, and TradingView. With newer enhancements to our web platform (web.dhan.co) and deeper integrations on our Options Trader on the web platform (ot.dhan.co 6) - we have noticed an uptick in the usage of Baskets on Dhan. We aim to simplify the baskets experience from the existing ones and post that introduce more capabilities for Traders.
16. Statements Previews on the App & Web
Over the past few months, we have introduced multiple enhancements across Dhan to improve all statements experience - this includes the recent Quicko integration for tax filing 2, the introduction of Trader’s Diary 2 as Journal, and more. We continue to work further on this, and also introduce statement previews on App & Web in the coming weeks - this will be over and above the email-based statements we presently have on Dhan.
17. Scaling our Systems and Underlying Tech & Infrastructure
In the past year, Dhan has grown > 25X times in terms of transactions processed and 2X in just the past 45 days. We now have over 500+ API-based traders who are trading directly on top of DhanHQ SuperFast Trading APIs, and large traders who are executing over 100+ trades/day and some even doing over 1000+ trades/day. Our DhanHQ Super-fast trading APIs are consumed by over 50+ partners in multiple domains - a few of the partners are featured here. To support this scale and growth, we are changing the way our systems (Apps and Web Trading platforms) are handling and processing these large orders & high volume trades and at the same time - also ensuring our underlying APIs and technology infrastructure are scaling up to seamlessly process everything at a lightning-fast speed.
Is that all - definitely no! There is more that is happening under the radar at Dhan and all of us are working towards ensuring we bring to you Lightning-Fast Investing & Trading experience every day and at all times.
Keep Investing & Trading on Dhan, and help us build an incredible platform for you.
Thank you,
Pravin Jadhav
Founder & CEO - Dhan
Nifty Future Analysis for Today 19th April 2023#Nifty Future Analysis for #Today 19th April 2023
As per our #analysis for #NiftyFuture, we are expecting these below Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Zero Line (Previous Close): 17712.35
#IntradayLevels
#Bulls can be active above: 17725 For the Levels Above
R1 = 17764
R2 = 17973
R3 = 17837
#Bears can be active below: 17695 For the Levels Below
S1 = 17671
S2 = 17632
S3 = 17601
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
#NiftyFuture #StockMarketIndia #DailyIntradayLevels #TradeDiscipline
#15minchart #TechnicalAnalysis #TrendlineAnalysis #ChartAnalysis
Nifty Future Analysis for Today 17th April 2023#Nifty Future Analysis for #Today 17th April 2023
As per our #analysis for #BankNiftyFuture, we are expecting these below Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Zero Line (Previous Close): 17878
#IntradayLevels
# Bulls can be active above : 17907 For the Levels Above
17937/17973/18016
# Bears can be active below : 17866 For the Levels Below
17840/17783/17728
Disclaimer : All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
#NiftyFuture #StockMarketIndia #DailyIntradayLevels #TradeDiscipline
#15minchart #TechnicalAnalysis #TrendlineAnalysis #ChartAnalysis
Godrej Industries buy or not Hello Everyone, today i am again back with a new idea on Godrej Industries. As you can see after a long downtrend it sustained and made a megaphone and broke it for upwards and took retest and ended it with a very bullish candle. Thank you so much and do follow us and like this post
Breakout of falling Wedge bullish pattern coming soon in TCS Tata Consultancy Services is the flagship company and a part of Tata group. It is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions.
Market Cap
₹ 11,66,817 Cr.
Current Price
₹ 3,189
High / Low
₹ 3,644 / 2,926
Stock P/E
27.7
Book Value
₹ 247
Dividend Yield
1.35 %
ROCE
59.1 %
ROE
46.9 %
Face Value
₹ 1.00
Debt
₹ 7,688 Cr.
EPS
₹ 115
PEG Ratio
2.65
Promoter holding
72.3 %
Intrinsic Value
₹ 2,154
Pledged percentage
0.48 %
EVEBITDA
18.6
PROS
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 43.3%
Company has been maintaining a healthy dividend payout of 61.4%
CONS
Stock is trading at 12.9 times its book value
Working capital days have increased from 63.6 days to 92.6 days
Behatreen company with good fundamental, with good management. Good dividend paying stock, ROCE & ROE both above 40% very negligible debt ratio. All is showing positive for this ticker. This stock already have made millionaires to many. But now according to my analysis. price action showing a bullish momentum. Stock forming a falling wedge bullish kind of pattern... which is a sign of price reversal. Very soon we can see a breakout. Still why to wait for breakout when we know this has to go only up from current level. So if anyone wants to go long, can go with given levels on chart. For trading purpose already all levels given. But this is one of the best stock to invest for long term. So buy without any hesitation for long term. You will get dividends time to time.
If you are planning to take trade for short term kind of trading purpose then please follow strict stop loss.
If you guy's like my work please do not hesitate to your love by like and follow me, and also let me know your thoughts on this Trading idea in comment box i will love to reply you.
Thankyou brothers & sister Happy Trading:))
BANKNIFTY FUTURE INTRADAY LEVELS FOR TOMORROW 13TH APRIL 2023#BankNifty Future Analysis for #Tomorrow 13th April 2023
As per our #analysis for #BankNiftyFuture, we are expecting these below Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Previous Close : 41637.75
#IntradayLevels
# Bulls can be active above : 41672 For the Levels Above
41751/41849/41925
# Bears can be active below : 41603 For the Levels Below
41558/41464/41363
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act .
Follow Us For More #Updates in Future
#BankNiftyFuture #StockMarketIndia #DailyIntradayLevels #TradeDiscipline
#15minchart #TechnicalAnalysis #TrendlineAnalysis #ChartAnalysis
NIFTY FUTURE INTRADAY LEVELS FOR TOMORROW 13TH APRIL 2023#Nifty Future Analysis for #Tomorrow 13th April 2023
As per our #analysis for #NiftyFuture, we are expecting these below Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Previous Close: 17858
#IntradayLevels
#Bulls can be active above: 17907 For the Levels Above
17937/17973/18016
#Bears can be active below: 17825 For the Levels Below
17787/17747/17699
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
#NiftyFuture #StockMarketIndia #DailyIntradayLevels #TradeDiscipline
#15minchart #TechnicalAnalysis #TrendlineAnalysis #ChartAnalysis
BANKNIFTY FUTURE INTRADAY LEVELS FOR TODAY 12th April 2023#BANKNifty Future Analysis for #Tomorrow 12th April 2023
As per our #analysis for #NiftyFuture, we are expecting these below Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Previous Close: 41487
#IntradayLevels
#Bulls can be active above: 41569 For the Levels Above
41668/41753/41848
#Bears can be active below: 41427 For the Levels Below
41314/41219/41124
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
#NiftyFuture #StockMarketIndia #DailyIntradayLevels #TradeDiscipline
#15minchart #TechnicalAnalysis #TrendlineAnalysis #ChartAnalysis