Gujarat Gas Ltd | Natural Momentum StockGujarat Gas Ltd | Natural Momentum Stock
Gujarat Gas Limited (GGL) is a government company u/s 2(45) of Companies Act 2013. Formerly Known as GSPC Distribution Networks Limited(GDNL), GGL is engaged in the business of Natural gas in India.
Financial : Strong
Market Cap = ₹ 38,216 Cr. ROCE = 31.2 % ROE = 24.2 %
Debt to equity = 0.02 Promoter holding = 60.9 %
Quick ratio= 0.64 Current ratio = 0.66 Piotroski score = 8.00
Profit Var 3Yrs = 8.45 % Sales growth 3Years = 17.6 %
Return on assets =14.9 %
This stock is mow in proper momemtum zone . you can see the price action now rounding bottom create and trying to start in upward direction.
everyone can watch this stock and do proper research before investing.
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.
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Stocktrading
Doms Industries Ltd| Long Term Momentum InvesmentIncorporated in 2006, DOMS Industries Limited is a stationery and art product company primarily engaged in designing, developing, manufacturing, and selling a wide range of these products under the flagship brand, DOMS
Financial:
Market Cap ₹ 10,224 Current Price ₹ 1,685 Stock P/E 107
ROCE 34.4 % ROE 32.8 % Debt to equity 0.41
Promoter holding 75.0 % Quick ratio 0.41 Current ratio 1.22
Piotroski score 8.00 Profit Var 3Yrs 38.5 % Sales growth 3Years 22.8 %
Return on assets 18.1 %
This stock is momentum strong stock as well as everyone knows about this company . This is going to wealth creator in long time . as per my view this is hold and patient for long term if run in our favor.
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.
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Quess CorpMarket Cap
₹ 10,194 Cr.
Current Price
₹ 686
High / Low
₹ 706 / 398
Stock P/E
34.0
Book Value
₹ 189
Dividend Yield
1.17 %
ROCE
11.7 %
ROE
11.2 %
Face Value
₹ 10.0
Debt to equity
0.30
Debt
₹ 838 Cr.
OPM
3.63 %
Promoter holding
56.6 %
Sales growth
11.3 %
Profit growth
62.7 %
CMP / FCF
24.1
Industry PE
26.4
Pledged percentage
0.00 %
Reserves
₹ 2,650 Cr
Descending Triangle pattern breakout in BALKRISINDBALKRISHNA INDUSTRIES LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Descending Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 3305+.
✅Can Go Long in this Stock by placing a stop loss below 3134-.
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.
WANBURY LTD: 17-Year Resistance Shattered! Is This Pharma Stock WANBURY LTD: Breaking Resistance Like It's Going Out of Style!
Technical Analysis:
Breakout: Hold onto your hats, folks! Wanbury just smashed through a 17-year resistance level like a bull in a china shop... if the china shop had been reinforced for 17 years!
Trend: The stock is in a strong uptrend, climbing faster than a squirrel on an espresso-coated tree.
Volume: Huge volume activity observed. Traders are piling in like it's Black Friday at a discount pharmacy!
Candle Pattern: That breakout candle is so bullish, it's practically wearing horns and pawing the ground.
Support Levels: Previous resistance at 173.68 now likely to act as support. It's like the floor just became the ceiling, and Wanbury is redecorating the whole house!
Fundamental Factors:
Pharmaceutical sector seeing increased interest. Wanbury's producing more buzz than a beehive in a coffee shop.
Potential new product launches or regulatory approvals could be fueling the rally.
Risks:
After such a strong move, a pullback is possible. Even rockets need to refuel sometimes!
Keep an eye on broader market sentiment and sector-specific news.
Trade Idea:
Consider long positions with a stop loss below the breakout level. Target the psychological 200 level - it's time for Wanbury to join the 200 club!
Remember, traders, timing is everything. You don't want to be fashionably late to this 17-year breakout party!
Key Levels to Watch:
Resistance turned support: 173.68
Next psychological resistance: 200.00
Stop loss consideration: Below 170.00
Disclaimer: This analysis is for educational purposes only. Always do your own research and manage your risk. Remember, the stock market is like a rollercoaster - thrilling, but it helps to have a strong stomach and know when to exit!
Momentum Swing Idea| Mallcom (India) LtdMallcom (India) Ltd
Established in 1983, Mallcom (India) Ltd. is an ISO certified and government-registered star trading house. The company is in the business of manufacturing Personal Protective Equipment and Industrial Safety products.
Financial =strong
Market Cap ₹ 649 Cr. Stock P/E 18.9 ROCE 20.5 %
ROE 19.9 % Debt to equity 0.45 Promoter holding 73.7 %
Quick ratio 0.88 Current ratio 1.49 Piotroski score 6.00
Profit Var 3Yrs 28.2 % Sales growth 3Years 12.6 % Return on assets 11.7 %
This stock is small cap with unique business . moreover fundamentally strong company.
as well as RSI took support on 55 range . in near time if market breath is positive than this stock will be next level or if it break the momentum zone than be cautious. everyone must take glance in this business idea. even this type of small cap stock make next multibagger .
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
Symmetrical Triangle breakdown in MARICOMARICO LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakdown of Symmetrical Triangle Pattern .
✅Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 582-.
✅Can Go short in this stock by placing a stop loss above 620+.
MARKSANS PHARMA is in Wave 3 after Multi-Year Breakout!!Analysis Date: June 24, 2024
Marksans Pharma Stock Analysis:
General Trend:
The stock was in range for years, the previous monthly high for Marksans Pharma was Rs. 115 in August 2015. According to Elliott Wave theory, this marked the completion of Wave 1, followed by a correction and completion of Wave 2 on March 2020 and entered Wave 3.
A breakout above the previous monthly high of Rs. 115.10 was recorded in July 2023. In August, September, and October 2023, the price retested the previous high and broke out again in November, accompanied by good volume.
Entry and Exit Points:
As per ichimoku the stock still in bull mode in monthly time frame and good accumulation last few months between 140-180.
Long-term Perspective: The accumulation price range is a good area to buy the stock, with a stop loss set at Rs. 110 (monthly candle close not spike).
Short-term Perspective: Fresh buyers can enter at CMP 162 and keep averaging till near the bottom of the accumulation zone and exit near the high of the range or hold or for two supply zones till 270. The stop loss will be1 hour candle close below RS. 135.
Expected Target:
Marksans Pharma is expected to hit supply zone 1 and 2 marked in the chart, once it breaks out of the accumulation zone. This target is derived based on the application of Fibonacci extension.
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
ISGEC Heavy Engineering Ltd - Long Setup, Move is ON...#ISGEC trading above Resistance of 958
Next Resistance is at 1232
Support is at 704
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.
Precision Wires Looks Ready For 200 LevelPrecision Wires has given range breakout on both weekly and daily time frame. In the coming few days, the stock could achieve 170, 180, 200 levels. Also, good volumes can be seen on the weekly chart.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
India Nippon Electricals: Shocking Gains or Short Circuit AheadAttention all chart junkies and market maniacs! If you thought the only thing in India that could surge this dramatically was the summer heat, think again! India Nippon Electricals is here to prove that stocks can be hotter than a forgotten chapati on the tawa.
Price Action Analysis:
📈 Current Price: ₹792.20 (more electrifying than your neighbor's DIY wiring job)
📊 Gain: +67.90 (+9.37%) (enough to make even the most stoic trader do a little bhangra)
Key Observations:
Breakout Bonanza: INDNIPPON has smashed through previous resistance like a monsoon flood through a poorly built dam. The ₹741.30 level? More like a speed bump for this charging bull.
Volume Surge: Trading volume is higher than the decibel level at a Diwali firecracker party. This suggests strong conviction in the move. Traders are piling in faster than aunties at a wedding buffet!
Trend Analysis: The uptrend is so strong, it could probably pull a fully loaded truck up the Himalayas. We're seeing higher highs and higher lows, a pattern more consistent than your grandma's daily soap opera viewing schedule.
Support Turned Resistance: The previous resistance at ₹741.30 now looks like it could act as support. If it holds, it'll be stronger than your uncle's opinion on politics.
Trading Idea:
Long-term investors might want to ride this electrical wave, but keep an eye out for any signs of a short circuit.
For the brave day traders out there, buying the dips could be more profitable than selling pakoras in the rain - just make sure to set those stop losses tighter than your budget during end-of-month blues.
Potential Targets:
🎯 Short-term: ₹825 (as ambitious as your New Year's resolutions)
🎯 Mid-term: ₹850 (reaching for the stars, or at least the top shelf of the liquor cabinet)
Risks:
Remember, what goes up must come down - unless it's the price of petrol or your neighbor's ego. A pullback is always possible, so don't bet your entire portfolio on this one stock, unless you want your financial future to be as uncertain as a weather forecast during monsoon.
Final Thoughts:
India Nippon Electricals is currently hotter than a jalapeño in a Delhi summer. But like trying to eat said jalapeño, approach with caution. This stock might continue to light up your portfolio, or it could blow a fuse. Either way, it's sure to be more entertaining than watching paint dry!
Disclaimer: This analysis is about as reliable as your friend who swears they know a shortcut through Mumbai traffic. Always do your own research and consult a financial advisor before making investment decisions. Happy trading, and may your profits be as plentiful as pani puri on a street corner! 🚀💸