BASF | Positional Trade📊 DETAILS
Sector: Pesticides & Agrochemicals
Mkt Cap: 13,999 cr
BASF India Ltd's portfolio consists of six segments: Agricultural Solutions, Materials, Industrial solutions, Surface Technologies, Nutrition & Care and Chemicals.
TTM PE : 39.44 (High PE)
Sector PE : 17.32
Beta : 0.58
📚 INSIGHTS
MC Insights PRO
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
4.09% away from 52 week high
Outperformer - BASF India up by 7.4% v/s NIFTY 50 down by -0.43% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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Stocks
Abb India - Breakout Setup, Move is ON...#ABB trading above Resistance of 5888
Next Resistance is at 7309
Support is at 4750
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.
ABB | Swing Trade📊 DETAILS
Sector: Electric Equipment
Mkt Cap: 104,267 cr
ABB India Limited is an integrated power equipment manufacturer supplying the complete range of engineering, products, solutions and services in areas of Automation and Power technology.
TTM PE : 86.26 (Average PE)
Sector PE : 81.39
Beta : 0.81
📚 INSIGHTS
MC Insights PRO
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
1.07% away from 52 week high
Outperformer - ABB India up by 3.62% v/s NIFTY 50 up by 2.9% in last 1 month
📈 FINANCIALS
Piotroski Score of 8/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
Technical Analysis Update: DXY & Bitcoin Price Correlation Technical Analysis Update: DXY & Bitcoin Price Correlation
DXY Overview:
The US Dollar Index (DXY) is currently trading at a pivotal support level of $105. This level is crucial as it has played a major role in dictating the next moves for Bitcoin.
Bitcoin Price Implications:
If DXY Bounces: Should the DXY rebound from the $105 support level, we might see a bearish impact on Bitcoin, potentially driving BTC prices down towards the $50,000 mark.
If DXY Breaks Down: Conversely, if the DXY fails to hold this support and breaks below $105, it could signal a bullish scenario for Bitcoin, with price targets possibly reaching up to $75,000.
What to Watch:
Traders should keep a close eye on the DXY's behavior at the $105 support. A confirmed bounce or breakdown will be pivotal in setting the next direction for BTC prices.
Action Steps:
- Monitor DXY closely for any signs of reversal or continuation patterns at the support level.
- Prepare for potential volatility in BTC prices in response to DXY movements.
Stay Tuned: Follow for more updates.
United Spirits Ltd. (EDUCATIONAL PURPOSE ONLY)There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS)
United Spirits Ltd.
Target: RS 1265
CMP: RS 1202.40
ENTRY RANGE: 1190-1215
STOP LOSS: RS 1190
Disclaimer: I am not Sebi Registered.
LTF | Swing Trade📊 DETAILS
Sector: Finance - NBFC
Mkt Cap: 42,401 cr
L&T finance Holdings Ltd is a NBFC and offers a diverse range of financial products and services such as Farm equipment finance, Two wheeler finance, Micro Loans, Consumer loans, Home loans, Loans against property (LAP), Real estate finance, Infra finance, Infra Debt Fund and other services.
TTM PE : 18.29 (Average PE)
Sector PE : 29.59
Beta : 1.51
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
5.17% away from 52 week high
Underperformer - L&T Finance up by 0.35% v/s NIFTY 50 up by 1.51% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
DMARTDMART :- The stock has given a breakout after 2 years. Keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
WIPRO Short Trade RecapToday we have a Breakdown of the STMA band with a strong momentum.
The degree and nature of separation in both bands shows a bearish trend.
So, I plan a short trade with a stop loss of candle high and target of recent low.
Disclaimer: This is my pre market analysis and my trading journal.
Not a suggestion to buy or sell. This is only for educational purposes.
Thanks
NIFTY50 Ready to Big Dump toward 20250 Levels ?NIFTY50 Technical Chart Analysis
NIFTY50 is currently in a high greed zone, attracting investors eager to join the bull rally. Let’s examine the key scenarios expected to play out over the next few days:
Chart Analysis:
NIFTY50 is forming a bull flag within a rising channel. Historically, this pattern tends to lead to a downside breakout, which makes any upside breakout highly risky.
My outlook is bearish. The last breakout resulted in a 22% gain, but if NIFTY50 breaks down below 22,110, we could see a significant fall. Breaking this level may result in a freefall to 21,000.
Support Levels:
Strong Support: The $21,000 level is critical. However, in the case of any negative news globally or in the Indian market, prices could potentially reach 20,700 and even 20,200.
Fib Retracement Supports:
0.5 Fib Support: 20,717
0.618 Support: 20,252
Keep an eye on these Fib support levels. If the market reaches them, we may witness a strong bounce, which would provide good entry opportunities.
Resistance:
Watch the rising wedge channel resistance and support closely, as they are crucial indicators.
WELCORP | Swing Trade📊 DETAILS
Sector: Metals - Castings/Forgings
Mkt Cap: 15,718 cr
WCL is one of the largest manufacturers of large diameter pipes globally. The company also manufactures BIS-certified Steel Billets, TMT (Thermo-Mechanically Treated)
Rebars, Ductile Iron (DI) Pipes, Stainless Steel Pipes, and Tubes & Bars. The company acquired Sintex-BAPL, a market leader in water tanks and other plastic products, to expand its building materials portfolio. It has also made strategic acquisition of specified assets of ABG Shipyard.
TTM PE : 14.58 (Average PE)
Sector PE : 42.74
Beta : 1.13
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
3.72% away from 52 week high
Outperformer - Welspun Corp up by 6.98% v/s NIFTY 50 down by -0.17% in last 1 month
📈 FINANCIALS
Piotroski Score of 3/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
Schaeffler India Ltd - Breakout Setup, Move is ON...#SCHAEFFLER trading above Resistance of 3493
Next Resistance is at 4551
Support is at 2749.55
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.
DOLATALGO | Positional Trade📊 DETAILS
Sector: Finance - Stock Broking
Mkt Cap: 1,429 cr
Dolat Algotech Ltd is a trading cum clearing member of NSE India and carries on the business of securities broking and securities trading.
TTM PE : 14.97 (High PE)
Sector PE : 31.49
Beta : 0.78
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
13.12% away from 52 week high
Outperformer - Dolat Algotech up by 21.92% v/s NIFTY 50 up by 2.7% in last 1 month
📈 FINANCIALS
Piotroski Score of 4/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
ICICIBANK | Add To Watchlist📊 DETAILS
Sector: Bank - Private
Mkt Cap: 761,335 cr
ICICI Bank is a large private sector bank in India offering a diversified portfolio of financial products and services to retail, SME and corporate customers. The Bank has an extensive network of branches, ATMs and other touch-points.
TTM PE : 17.94 (Low PE)
Sector PE : 24.22
Beta : 0.92
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
0.49% away from 52 week high
Outperformer - ICICI Bank up by 5.92% v/s NIFTY 50 up by 2.4% in last 1 month
📈 FINANCIALS
Piotroski Score of 4/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
Prestige Estates Projects Ltd (EDUCATIONAL PURPOSE ONLY)There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS)
Prestige Estates Projects Ltd
Target: RS 1535
CMP: RS 1460.60
ENTRY RANGE: 1445-1475
STOP LOSS: RS 1318
Disclaimer: I am not Sebi Registered.
Power Grid Corporation of India - Breakout Setup, Move is ON...#POWERGRID trading above Resistance of 296
Next Resistance is at 384
Support is at 208
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.
Max India Ltd - Breakout Setup, Move is ON...#MAXIND trading above Resistance of 252
Next Resistance is at 347
Support is at 174
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.