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S&P 500 Preparing for a Robust RallyOn Weekly Basis: S&P 500 (SPY) completed its correction from 4800 to 3490 in its 5 Wave Down. Fibonacci 50% retracement from bottom 2300 to top 4800 ends at 3540, a support level in October, 2022. It took a support at 4115 which is a long-term horizontal support with multiple pivots on weekly charts. It looks like a fresh new Wave has just started from 4115 completing A Wave at 4771 and correcting B Wave at 4697. A powerful C Wave is currently intact and shall continue. D and E waves are not yet formed to predict a correction. There is a golden cross over at 200 DMA (January, 2023) and since then it has maintained an uptrend. It has come out of oversold position (June, 2022) to overbought position (currently) but may behave zig zag before meaningful correction may start. Now it has broken the strong resistance level at 4771 also a previous all-time high on weekly basis. Target of 5472 cannot be ruled out before a meaningful correction starts. There is still a chance for long position with 8% appreciation. AI, Semiconductors, Oil and Cryptos are the leaders in the pack. Warning and Disclaimer: Above prediction should not be taken as financial advise, it is a personal opinion. Consult your financial advisor. Investment is subject to market risks. Past performance is not the guarantee for future performance. It is for educational purpose only.
TVC:SPXLong
by AnkurSharda3
Bullish Triangle Pattern Breakout seen in Garments mfg. stockHello Everyone, i hope you all be doing good. I have brought a stock which has given bullish triangle pattern breakout. Stock name is Cantabil Retail India Ltd and it was incorporated in 1989 and started its readymade garments manufacturing and retailing business in the year 2000. Product Portfolio & Revenue Split 9MFY24 Men’s Wear (83%) - Formals, Casuals, Ultra Casuals, Woollen, Knitwear Women’s Wear (10%) - Shirts, Tops, Leggings, Kurtas, Kurtis, Capri, Pants, Jeans Kids Wear (3%) - Shirts, T-shirts, denim, trousers, Culottes, dresses, tops, jeggings, shorts Accessories (4%) - Innerwear, Belts, Socks, Ties, Handkerchief, Deo, etc. Technically stock has given neat and clean breakout of bullish Triangle pattern, Indicators like MACD & RSI started giving bullish crossover on chart. Price is above 200-DEMA. NOTE:- (I have not placed any indicators on chart just to keep chart neat and clean, but certainly i have done my analysis with indicators) Market Cap ₹ 2,450 Cr. Current Price ₹ 293 High / Low ₹ 310 / 181 Stock P/E 40.1 Book Value ₹ 39.0 Dividend Yield 0.31 % ROCE 18.0 % ROE 22.3 % Face Value ₹ 2.00 Industry PE 31.3 Debt ₹ 336 Cr. EPS ₹ 7.44 Promoter holding 74.1 % Intrinsic Value ₹ 131 Pledged percentage 0.00 % EVEBITDA 16.4 Change in Prom Hold 0.81 % Profit Var 5Yrs 37.4 % Sales growth 5Years 16.4 % Return over 5years 44.2 % Debt to equity 1.03 Net profit ₹ 62.2 Cr. ROE 5Yr 22.8 % Profit growth -9.09 % Earnings yield 3.82 % 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:CANTABILLong
by TraderRahulPal
2
Triangle pattern breakout seen in HBL POWER stock will blast nowHello everyone, i hope you all will be doing good. i have brought a stock which has given breakout of Triangle pattern. Stock name is HBL Power System Ltd and it manufactures and services different types of batteries, e-mobility, and other products. Business Verticals:- a) Electronics: In Railway Electronics company has flagship products, TCAS (Train Collison Avoidance System) for safety and TMS (Train Management System) for efficient track utilization. In 2021, Indian government adopted TCAS as India’s national Automatic Train Protection and named it KAVACH. b) Defense: Company manufactures batteries for fighter aircraft, unmanned aerial vehicles, submarine propulsion systems, torpedoes, battle tanks, missiles, artillery fuses and supplies Type 1 batteries for kilo class submarines and Varunasthra torpedo and Type 4 batteries for Scorpene class submarines for the Indian Navy. c) Batteries: Company provides industrial batteries to Telecom, UPS, Railways, Solar, Oil and Gas and Power sectors. Lead Acid Batteries - Indian Army awarded a defense order in FY22 for 2V VRLA batteries for its Data Center application. Additionally, it received orders from OEs and EPCs for NCPP and VRLA batteries for a number of Metro Rail projects. Company gained traction in Africa with export of 12V UPS batteries and concentrated on commercial exports and provided batteries for other international projects. Tubular Gel Batteries - HBL received a purchase order for 312 communities' electrification using tubular gel batteries under a government initiative. Pure Lead Thin Plate Batteries - Company is a partner to STTelemedia for the supply of PLT batteries for existing and upcoming Data Centres. It also bagged an order from COLT, Data Centre for PLT batteries and positioned PLT as preferred batteries for Data Centres at Reliance. The Company has supplied PLT batteries for battle tank engine cranking application to the Indian Army Market Cap ₹ 17,408 Cr. Current Price ₹ 628 High / Low ₹ 628 / 165 Stock P/E 57.9 Book Value ₹ 44.0 Dividend Yield 0.08 % ROCE 34.4 % ROE 27.7 % Face Value ₹ 1.00 Industry PE 37.0 Debt ₹ 67.5 Cr. EPS ₹ 10.1 Promoter holding 59.1 % Intrinsic Value ₹ 114 Pledged percentage 0.00 % EVEBITDA 39.1 Change in Prom Hold 0.00 % Profit Var 5Yrs 66.1 % Sales growth 5Years 12.0 % Return over 5years 90.4 % Debt to equity 0.06 Net profit ₹ 280 Cr. ROE 5Yr 12.0 % Profit growth 209 % Earnings yield 2.55 % 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:HBLPOWERLong
by TraderRahulPal
8
HOW TO USE DESCENDING TRIANGLE AS A SETUP?This is Berger Paint stock. In this stock Descending triangle is forming. * What is the Descending triangle pattern? - A descending triangle is a chart pattern used in technical analysis created by drawing one trend line connecting a series of lower highs and a second horizontal trend line connecting a series of lows. A regular descending triangle pattern is commonly considered a bearish chart pattern or a continuation pattern with an established downtrend. However, a descending triangle pattern can also be bullish, with a breakout in the opposite direction, and is known as a reversal pattern. So here it is in Bandhan Bank support is at 190. and stock is in the accumulation phase from the long term. From above we will connect lower high and down we make a support zone. Now stock is in stock and ready to fly. * How will we know that stock is ready to move using descending triangle? - Lower High - Time at support zone - Bullish Candle at support All this step is to be followed. Then it is the best setup. -
NSE:BANDHANBNKLong
by capitalsmack
Triangle Pattern Breakout is on the way in IndiaMart IntermeshHello everyone i hope you all will be doing good,, today i have brought a stock which is still trading inside the triangle pattern, but there is higher probability we will see huge breakout very soon with huge volume on all time frame. Stock is really good name is IndiaMART, and it is the first and largest B2B digital marketplace in the country, today stands out as a game-changer on the B2B landscape. It focuses on integrating the Small and Medium Businesses (SMEs) into the new paradigm with speed and ease, we are constantly pushing the frontiers of innovation to make the online marketplace more accessible, visible and engaging to them. Largest in the industry:- The company commands nearly 60% market share of the online B2B classifieds space which makes it the largest player in the industry. Well Diversified Marketplace:- As of FY24, their website has ~108 million product listings from 56 different industries, making them one of the most diversified marketplaces in Indian. No single industry accounts for >8% of total paying suppliers. Construction & Building Raw Material is the largest category in the marketplace and covers ~8% of it. There are ~98,000 product categories. Logistics Partner:- Commercial Vehicles - Tata Motors, Mahindra, Piaggio, Atul Auto, TVS. Merger of Subsidiaries:- In March,24, the company merged the WOS Hello Trade Online Private Limited and Tolexo Online Private Limited into Busy Infotech Private Limited. Technically stock has not given breakout yet, but there is higher probability breakout is coming soon, it is just on the way. Stock is good, it has monopoly in business, it is having 60% market share. I think it has potential to become multibagger in long term, so if anybody wants to go long term investing, then this is one of the kind of that stock, invest and forget type. So take it or regret later... In short term to medium term, i already mention the levels please go accordingly. Disclaimer:-Personally i am holding this stock for long term with lower levels. Market Cap ₹ 16,134 Cr. Current Price ₹ 2,690 High / Low ₹ 3,336 / 2,229 Stock P/E 48.2 Book Value ₹ 289 Dividend Yield 0.74 % ROCE 23.9 % ROE 17.6 % Face Value ₹ 10.0 Industry PE 62.3 Debt ₹ 40.7 Cr. EPS ₹ 55.7 Promoter holding 49.2 % Intrinsic Value ₹ 1,559 Pledged percentage 0.00 % EVEBITDA 32.1 Change in Prom Hold 0.00 % Profit Var 5Yrs 75.6 % Sales growth 5Years 18.7 % Return over 5years 32.4 % Debt to equity 0.02 Net profit ₹ 334 Cr. ROE 5Yr 19.8 % Profit growth 18.2 % Earnings yield 2.88 % 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:INDIAMARTLong
by TraderRahulPal
1
Great Eastern Shipping Company - Breakout Setup, Move is ON...#GESHIP trading above Resistance of 1330 Next Resistance is at 1714 Support is at 1084 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:GESHIPLong
by MandeepSinghKohli
1
Swing Momentum stock 15 feb 2024Saregama India Ltd |Swing Momentum stock 15 feb 2024 Saregama is the oldest music label company from India (established 1902, erstwhile "Gramophone Company of India" & then "HMV"). The company is aiming to be a pure-play content company supported by the global consumption boom. financial: strong Market Cap = ₹ 7,546 Cr. ROCE =17.6 % ROE = 12.8 % Debt to equity= 0.00 Promoter holding = 59.1 % Quick ratio = 3.48 Current ratio = 4.24 Profit Var 3Yrs = 58.8 % Sales growth 3Years =12.2 % this is really good momentum stock with strong financial. Rsi is also in uptrend.in past there is good movement in huge volume. this sector is always forever. so my view is long time bullish. 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:SAREGAMALong
by Momentuminvesting5540
Ge Power India Limited - Breakout Setup, Move is ON...#GEPIL trading above Resistance of 571 Next Resistance is at 842 Support is at 321 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:GEPILLong
by MandeepSinghKohli
1
Railtel Corporation of India Ltd - Breakout Setup, Move is ON...#RAILTEL trading above Resistance of 531 Next Resistance is at 768 Support is at 411 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:RAILTELLong
by MandeepSinghKohli
2
Dynacons Systems & Solutions Ltd - Breakout Setup, Move is ON...#DSSL trading above Resistance of 1263 Next Resistance is at 1926 Support is at 815 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:DSSLLong
by MandeepSinghKohli
Universal Cables Limited - Breakout Setup, Move is ON...#UNIVCABLES trading above Resistance of 807 Next Resistance is at 1018 Support is at 524 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:UNIVCABLESLong
by MandeepSinghKohli
D Link India Limited - Breakout Setup, Move is ON...#DLINKINDIA trading above Resistance of 579 Next Resistance is at 782 Support is at 377 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:DLINKINDIALong
by MandeepSinghKohli
2
SJVN - Breakout Setup, Move is ON...#SJVN trading above Resistance of 149 Next Resistance is at 203 Support is at 114 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SJVNLong
by MandeepSinghKohli
Talbros Automotive Components - Breakout Setup, Move is ON...#TALBROAUTO trading above Resistance of 344 Next Resistance is at 466 Support is at 258 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:TALBROAUTOLong
by MandeepSinghKohli
Rail Vikas Nigam Ltd (RVNL) - Breakout Setup, Move is ON...#RVNL trading above Resistance of 427 Next Resistance is at 745 Support is at 372 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:RVNLLong
by MandeepSinghKohli