Stocktrading
Firstsource Solutions Limited up side breakout on daily chartFirstsource Solutions Limited Result on 28 October watch till result
price near 330 is good for entry in this stock with strict SL
up side move possible
price looking good moving up from 20 ema
going in continution
keep eyes on this stock
Disclaimer: This is Not a Buy or Sell Call
The information provided herein is for informational purposes only and should not be construed as financial advice, a recommendation, or an offer to buy or sell any financial instrument. It is important to conduct your own research and consult with a licensed financial advisor before making any investment decisions. The content provided does not take into account your personal financial situation, risk tolerance, or investment goals. The author or entity providing this information is not responsible for any investment decisions you may make based on this content.
GSPL ANALYSIS-Unveiling a Golden Opportunity: A Debt-Free Gem
Today, we delve into the world of a remarkable company that's not only debt-free but also trading near its Fibonacci Golden Ratio. This intriguing stock has shown remarkable resilience, even amidst market downturns, with minimal selling pressure.
Market Cap: A substantial Rs 21,787 crore
PE Ratio: A modest 13, indicating potential value
Government Backing: A significant boost with a recent increase in stake from 2% to 10%
Why is this stock worth considering?
Financial Strength: Being debt-free provides a strong foundation for future growth and stability.
Technical Analysis: Trading near the Fibonacci Golden Ratio suggests potential upside.
Government Confidence: The government's increased stake signifies trust in the company's long-term prospects.
Resilient Performance: The stock's ability to withstand market volatility is a positive indicator.
Disclaimer:
Please conduct thorough research or consult with a financial advisor before making any investment decisions.
This content is for informational purposes only and does not constitute financial advice.
GRSE: Approaching Breakout from Consolidation with Bullish SetupThe stock has been in a strong upward trend, forming a peak on July 5, 2024, followed by a consolidation phase characterized by a lower low, lower high structure.
Key Observations:
A) Counter Trendline (Green Line):
I’ve drawn a counter-trend line representing the main setup to watch. A potential breakout from this line could signal a strong bullish continuation.
B) Hidden Parallel Channel (Pink Lines):
The stock was previously moving within a hidden parallel channel, with the upper pink line acting as resistance and the lower as support. The stock has now successfully broken above this hidden resistance.
C) Sideways Contraction Pattern (White Lines):
The stock is also in a sideways contraction, which I've marked with white lines, indicating a narrowing price range. This area is crucial for observing price action as the stock attempts to consolidate before its next move.
Current Status:
The stock is attempting to break above the green counter trendline (A), which serves as the primary setup for this trade.
It has already moved out of the hidden resistance (B) but is still trading below the white lines of the sideways contraction pattern (C), so it remains on the watchlist.
Volume remains moderate for now, but I’m waiting for a potential volume spike to confirm the breakout.
This is a key moment to watch for a potential entry if momentum and volume align
Trent - Best Intraday stocks for tomorrow 14 Oct 2024 Trent has outperformed Nifty in past days and there is high probability of continuation of its performance.
So for tomorrow in my opinion it will be best for intraday trading but when to trade?
Condition 1- If price falls or opens gapdown then it will best to buy after support creation.
Condition 2- if opens flat or Little gapdown and moves upside towards previous trading sessions resistance then, price should take a halt at resistance levels then it will be good opportunity to buy at resistance break.
Condition 3- if price opens Gapup and creates a selling swing and test previous trading sessions resistance (which may act as a support) then after creating support or W PATTERN price will bounce
TATA CHEMICALS.... IN ACCUMULATION The stock price has been consolidating for quite some time.
Technically, by the Elliot wave pattern, the 5th wave is likely to begin, and one can expect about a 30 to 35% rally in this stock.
Safe entry will be above the resistance trendline, though the current level looks attractive for investment purposes.
Cup & Handle Breakout | ALPA LABS⭕️ Swing Trading opportunity ! Weekly Analysis Alert !!!⭕️
✍️Technical Reasons to trade or Strategy applied :-
✅Chart Pattern Analysis
✅Parallel Channel worked as Support And Tgt
✅Breakout confirmation
✅Rise in Volume
✅Strong Resistance Breakout in Years
✍️BUY @ CMP
🎯TGT- 150
💰ROI- 25%
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✍️COMMENT Below your view !
PIDILITE INDUSTRIES LIMITED (EDUCATIONAL PURPOSE ONLY,)There is no guarantee in Stock market and Nothing over week.
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OE SELL RECOMMENDATIONS)
PIDILITE INDUSTRIES LIMITED
TARGET RS 3530
CMP RS 3363.45
ENTRY RANGE RS 3330-3395
STOP LOSS RS 3215
Disclaimer: I am not Sebi Registered.
Aptus Value Housing Finance India Ltd. (Aptus) AnalysisFundamental Analysis:
1. Business Overview:
Aptus Value Housing Finance is a fast-growing housing finance company catering primarily to the underserved markets in semi-urban and rural India. The company's focus is on affordable housing, providing home loans to self-employed and low-income individuals.
Target Segment: Aptus focuses on first-time homebuyers, largely from the economically weaker sections and low-income groups, which helps tap into a growing market in India’s tier 2 and tier 3 cities.
Loan Book: The company's loan book has been expanding steadily, driven by a focus on housing loans, which constitute over 50% of their portfolio. The rest comprises loans against property and small business loans.
2. Financial Performance:
Revenue Growth: Aptus has shown robust revenue growth in recent years, driven by its expanding customer base and the rising demand for affordable housing.
Net Interest Margin (NIM): Aptus has one of the best net interest margins (NIM) in the housing finance sector, supported by efficient cost management and a high-yield loan portfolio.
Asset Quality: Aptus maintains strong asset quality, with a low non-performing asset (NPA) ratio. The company’s conservative approach to lending has helped in keeping bad loans under control.
Return on Assets (ROA) and Return on Equity (ROE): Aptus boasts strong ROA and ROE ratios, making it attractive for investors seeking profitable companies in the housing finance sector.
3. Valuation:
PE Ratio: Aptus trades at a relatively high PE ratio compared to some peers, reflecting strong investor confidence in the company’s growth prospects.
Price to Book Value (P/BV): Its P/BV ratio suggests that the market expects high growth in the future, but it also hints at a premium valuation relative to some of its competitors.
4. Key Risks:
Competition: Aptus operates in a highly competitive sector, with both banks and non-banking financial companies (NBFCs) vying for market share in the affordable housing space.
Interest Rate Sensitivity: Rising interest rates could impact demand for housing loans, particularly in the lower-income segments.
Economic Slowdown: Any slowdown in rural or semi-urban economies could impact the repayment capacity of borrowers, increasing the risk of higher NPAs.
Technical Analysis:
1. Price Trends:
Long-Term Trend: Aptus has been trading in an uptrend over the past year, showing strong performance since its IPO. The stock has consistently formed higher highs and higher lows, which are signs of a bullish market.
Moving Averages: The stock is currently trading above both the 50-day and 200-day moving averages, indicating that the long-term trend remains positive.
2. Support and Resistance Levels:
Support: Aptus has strong support around ₹270-280 levels, which has been tested multiple times and held firm, indicating strong buyer interest at those levels.
Resistance: The stock is facing resistance near ₹380, where it has struggled to break through in recent weeks.
3. Indicators:
Relative Strength Index (RSI): The RSI is currently around 60, indicating that the stock is in a moderately bullish zone but not yet overbought. This suggests there could be further room for an upside.
MACD (Moving Average Convergence Divergence): The MACD is in positive territory, and the MACD line is above the signal line, further confirming bullish momentum.
Bollinger Bands: The stock is trading near the upper Bollinger Band, which might indicate a short-term overbought condition, suggesting that a minor correction or consolidation could occur before the next leg up.
Conclusion:
Aptus Value Housing Finance presents a compelling investment opportunity for those looking at long-term growth in the affordable housing sector. Its strong fundamentals, including a growing loan book, solid margins, and healthy asset quality, make it an attractive player. However, its premium valuation and the competitive environment warrant cautious optimism. Technically, the stock is in a bullish phase, with strong support and room for potential upside, but investors should watch for resistance levels and any short-term pullbacks.
Disclaimer: This analysis is for educational purposes and should not be considered investment advice. Always consult a financial advisor before making investment decisions.
GRINDWELL next moveGRINDWELL started sell trend and also making trend line liquidity forbreak upside
if break above 2440 we can expect uptrend up to 2810
if breaks bellow 2320 we can expect 1980
Hit the like button to Rock !! Show some energy !!
Note :
⨻ Check the live market updates and analysis yourself before buy or sell.
⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge in trading for myself
⨹ This is my pre and post market analysis and my trading journey. Not a suggestion to buy or sell.
⫸ You are responsible for your trading not me ⫷
happy trading 🥰
Bankex - Sep 23current market braked the structure and
we can see 5min ob at the point of trend line
if it breaks the trend line we can expect a sell
otherwise be on buy side
Hit the like button to Rock !! Show some energy !!
Note :
⨻ Check the live market updates and analysis yourself before buy or sell.
⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge in trading for myself
⨹ This is my pre and post market analysis and my trading journey. Not a suggestion to buy or sell.
⫸ You are responsible for your trading not me ⫷
happy trading 🥰
JTEKINDIA to take long entryWatch the stock of JTEKINDIA taking 50 EMA support every time on the weekly chart. This time, the stock is also trading in the same area. There is a very high probability that the stock will bounce back from the current levels. If in the coming days, the stock shows the volumes. A very good risk to reward trade. All important levels are marked on the charts. This is for your educational purpose only.
Stock: MFSL (Max Financial Services Ltd)Stock: MFSL
Trend: Bullish
Setup: Rounding Bottom Breakout
Timeframe: Weekly Chart
Analysis:
MFSL has exhibited a classic bullish reversal pattern, the rounding bottom. This formation typically signals a transition from a bearish to a bullish trend. The stock's recent breakout above ₹1,150 confirms the completion of this pattern, suggesting a strong upward trajectory.
Key Takeaways:
1. Upward Trend: The price's position above the 50-week EMA indicates a positive long-term trend.
2. Breakout Confirmation: The successful breakout from the rounding bottom pattern reinforces the bullish outlook.
3. Volume Support: The surge in trading volume accompanying the breakout suggests robust buying interest.
Recommendation:
Given the strong bullish signals, **MFSL is a buying zone **. Traders and investors may consider entering positions with short-term targets of ₹1,250 to ₹1,300. For long-term investors, holding the stock could potentially yield even higher returns.