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IDBI BANK - BREAKOUT WITH HEAVY VOLUMEHi All, This idea is about IDBI Bank Ltd Price action has given a strong breakout with very heavy volume which indicates institutional buying. Even the shareholding pattern indicates increase in FII and DII buying with lesser retail participation Good profit growth of 19% CAGR over last 5 years with a healthy dividend payout of 19% Increase in Reserves which indicates higher Book Value and fairly valued at 17.8 PE Other fundamentals Market Cap ₹ 1,12,062 Cr. Current Price ₹ 104 High / Low ₹ 107 / 57.8 Stock P/E 17.8 Book Value ₹ 47.5 Dividend Yield 1.44 % ROCE 6.23 % ROE 11.8 % Face Value ₹ 10.0 Equity capital ₹ 10,752 Cr. No. Eq. Shares 1,075 EPS ₹ 5.85 Promoter holding 94.7 % Change in Prom Hold 0.00 % Chg in Prom Hold 3Yr 0.00 % Pledged percentage 0.00 % Market Cap to Sales 4.27 Sales growth 15.1 % PEG Ratio 0.94 EVEBITDA 17.4 Quick ratio 2.23 Trade receivables ₹ 0.00 Cr. Sales ₹ 26,252 Cr. Debt to equity 5.77 Price to book value 2.19 Free Cash Flow ₹ -1,448 Cr. CMP / FCF 783 Happy Investing! Thanks, Stock-n-Shine
NSE:IDBILong
by Stock-n-Shine
NATCOPHARM - CUP AND HANDLE FORMATION (BO FROM SUPPLY ZONE)Hi All, This idea is about Natco Pharma Fundamentals Market Cap - 21712 Cr Stock PE - 15 ROE - 25.9% ROCE - 30% Promoter Holding - 49.7 Quick Ratio - 3.42 D/E - 0.06 NATCO Pharma Limited (NATCO) is a vertically integrated, research and development focused pharmaceutical company engaged in developing, manufacturing, and marketing complex products for niche therapeutic areas. Technicals Since May 21, NATCO has formed a complete CUP and HANDLE formation on weekly chart and has now sustained the breakout for over 2 weeks. The earlier supply zone is now acting as demand zone indicating positive price action. This is for mid/long term investors only Hope you enjoy the idea, Happy Trading, Thanks, Stock-n-Shine
NSE:NATCOPHARMLong
by Stock-n-Shine
2
ALEMBICLTD - WEEKLY CHART WITH CUP AND HANDLE BREAKOUTHi All, This idea is about Alembic Ltd Alembic Limited is engaged in the businesses of Pharmaceuticals, Real Estate, and Power Assets. Fundamentals: Market Cap ₹ 3,087 Cr. Current Price ₹ 120 High / Low ₹ 122 / 72.2 Stock P/E 11.5 Book Value ₹ 85.1 ROCE 4.86 % ROE 12.6 % Equity capital ₹ 51.4 Cr. EPS ₹ 10.5 Promoter holding 70.9 % Market Cap to Sales 19.6 Sales growth 23.8 % Technicals As can be seen in the weekly chart of Alembic Ltd, if the price crosses 123 resistance it has an upside of 13% before meeting TOP RESISTANCE. Beyond that the stock will venture into uncharted territory of making ATH Trade should not be taken before the price close above MAJOR RESISTANCE Cup and handle formation with trend line resistance Happy Trading, Thanks, Stock-n-Shine
NSE:ALEMBICLTD
by Stock-n-Shine
SENCO - POST 20% CORRECTION, PA MIGHT REVERSE FRM BOTTOM CHANNELHi All, This idea is about Senco Gold Ltd The stock has corrected over 20% in this month alone & now have reached the lower channel of rising wedge formation. Volumes have dried up indicating the supply may have exhausted & Price action might soon reverse from this point Stock can be bought if it gives a closing above 980 for further targets of T1 1010, T2 1070, T3 1150. If the stock shows further downside then the support levels are S1 916, S2 864 The correction is due to poor quaterly results owing to heat wave, elections, and fewer wedding days although the sales was up 9% YoY Fundamentals Market Cap ₹ 7,398 Cr. Current Price ₹ 952 High / Low ₹ 1,177 / 365 Stock P/E 39.2 Book Value ₹ 177 Dividend Yield 0.11 % ROCE 13.4 % ROE 16.2 % Face Value ₹ 10.0 Equity capital ₹ 77.7 Cr. No. Eq. Shares 7.77 EPS ₹ 24.3 Promoter holding 68.4 % Change in Prom Hold -0.01 % Chg in Prom Hold 3Yr % Pledged percentage 0.00 % Market Cap to Sales 1.41 Sales growth 28.3 % PEG Ratio 1.92 EVEBITDA 20.3 Quick ratio 0.40 Trade receivables ₹ 64.4 Cr. Sales ₹ 5,230 Cr. Debt to equity 1.28 Price to book value 5.37 Free Cash Flow ₹ -324 Cr. CMP / FCF -42.4 Happy Trading, Thanks, Stock-n-Shine
NSE:SENCO
by Stock-n-Shine
ADSL - BREAKOUT AND A 2X CANDIDATE BASED ON FUNDAMENTALSHi All, This idea is about Allied Digital Services Ltd Mkt Cap - 1204 Cr Stock PE - 26 Mcap/Sales - 1.75 As per mgmt concal transcript, revenue guidance of 1000Cr in FY25/26 Assuming NPM at 8%, this could take the mktcap to 2200Cr easily which wud appreciate the stock price towards levels of 400 Technically also its a healthy breakout with expanding Moving averages after tight consolidation. Volume is extremely good to support further price action Happy Trading, Thanks, Stock-n-Shine
NSE:ADSLLong
by Stock-n-Shine
SUNTECK - EXCELLENT SETUP (MULTIYEAR BREAKOUT)Price Action has gone through multiple contractions since 2019 and is now poised to breakout of a major supply zone. Though Price action has broken the barrier, will still wait for a day to confirm a true breakout First contraction was close to 72%, followed by 50% during 2023 & finally reduced to 28% before giving a breakout. Squeeze kept getting tighter for each consecutive contraction which is a very positive sign. Even Volume support seems to be present along with Sectoral Tailwinds behind Real Estate
NSE:SUNTECKLong
by Stock-n-Shine
8
SUNDARAM FINANCE - RISING WEDGE SINCE AN YR Hi All, This idea is about Sundaram Finance Holding Fundamentals Market Cap - 6k Cr Mkt Cap/Sales - 20.9 ROE - 12% P/BV - 1.27 Div Yield - 2.81% Technicals Price action has been in a rising wedge pattern since Jul 23 & currently consolidating at the bottom of channel for past few days. It can give a upmove of nearly 25% in very short term. Traders can take positional trades to capture the move. There is a small resistance for which traders need to be careful. Price reverted twice from that level SL will be lower channel breach Hope for a successful trade, Thanks, Stock-n-Shine
NSE:SUNDARMHLDLong
by Stock-n-Shine
GPPL - STAGE 2 ADVANCE IN PROGRESS WITH STRONG SECTORAL WINDSHi All, This idea is about Gujarat Pipavav Port Ltd Fundamentals Mkt Cap - 11k Cr MCap/Sales - 11.6 P/BV - 4.95 EPS - 7 PEG - 3 Technicals Price action has formed 2 bases of nearly 25% contraction/expansion each along with Stage 1 advance of 20%. Shipping sector is buzzing right now & the price action has successfully broken out of base 2 advancing to Stage 2 Base is nothing else but Box breakouts Happy Trading, Thanks, Stock-n-Shine
NSE:GPPLLong
by Stock-n-Shine
ROTO - RISING WEDGE BREAKOUT (POTENTIAL FOR UPSIDE)Hi All, This is about Roto Pumps Fundamentals: Market Cap - 1680 Cr Stock PE - 42.9 EPS - 12.5 ROCE - 24.4% ROE - 22% Promoter Holding - 67.3% Quick Ratio - 1.35 D/E - 0.27 Technicals: Strong chart since Nov 22. Price action was moving in the pattern of rising wedge but recently given a strong breakout on good volumes which can take the price to higher levels very soon Demand seems to be exceeding supply & should witness less profit booking taking the stock price sharply towards north side Hope you enjoy this idea, Happy Trading, Thanks, Stock-n-Shine
RLong
by Stock-n-Shine
GODREJAGRO - 7 YEAR BREAKOUT (MADE GOLDEN CROSSOVER)Hi All, This idea is about Godrej Agrovet Ltd Fundamentals Mkt Cap - 15600 Cr Sales - 9561 Cr Mktcap/Sales - 1.63 PE - 43 ROE - 15% ROCE - 13.6% Promoter Holding Increased Technicals On the weekly chart, golden crossover is observed where 50 SMA is crossing over 200 SMA which is a positive sign. Price action has broken the resistance zone marked convincingly with healthy volume Observe how moving averages align & expand sequentially eliminating any high volatility in stock. Hope you enjoy this trade, Happy Trading, Thanks, Stock-n-Shine
NSE:GODREJAGROLong
by Stock-n-Shine
MRF - FALIING WEDGE BREAKOUTHi All, This idea is about MRF Limited Market Cap - 54 891 Cr Mcap/Sales - 2.18 P/E - 26.4 ROE - 13.2% ROCE - 16.9% Promoter Holding - 27.8% EPS - 4907 Quick Ratio - 0.79 D/E - 0.17 Technicals Price reversal breakout is seen on daily chart of MRF. It continued in falling wedge pattern & then price broke out of the upper channel with heavy volume. This could signal a price reversal at this point Price has corrected almost 15% from its peak Happy Trading, Thanks, Stock-n-Shine
NSE:MRFLong
by Stock-n-Shine
HUHTAMAKI - 10 YEAR CLEAN BREAKOUT (WEEKLY CHART)Hi All, This is about Huhtamaki India Ltd Fundamentals: Market Cap - 2959 Cr Stock PE - 27 ROCE - 12.5% ROE - 13% Promoter Holding - 67% EPS - 53 PEG - 0.83 Quick Ratio - 1.56 Debt to Equity - 0.22 Technicals: 10 year breakout on weekly chart with good volume support. Expanding moving averages after a tight consolidation Should wait for today's closing before taking the trade Hope you will enjoy the trade, Happy Trading! Thanks, Stock-n-Shine
NSE:HUHTAMAKILong
by Stock-n-Shine
ELIN - SIMPLE SETUP, GREAT POTENTIAL (GOLDEN CROSSOVER)Hi All, This idea is about ELIN ELECTRONICS (EMS Sector) Fundamentals: Market Cap - 1033 Cr Total Sales - 1042 Cr Stock P/E - 74 Healthy quick ratio - 2 Low ROCE - 5.12% Increase in promoter holding by 0.42% but still promoter holding low at 33 Technicals : Price has just broken out of consolidation since Feb 23 near to its listing with expansion in moving averages and golden cross over on daily chart. Price has crossed Point of Control in VRVP indicator (Volume Profile) supported by surge in volume. Great Sectoral tailwinds behind EMS sector as a whole Hope you'll enjoy the trade, Happy Trading, Thanks, Stock-n-Shine
NSE:ELINLong
by Stock-n-Shine
GICRE - UPSIDE POTENTIAL OF 40%Hi All, General Insurance Corporation of India - CMP (406) Market Cap - 71309 Cr Stock PE - 10.7 Book Value - 315 Promoter Holding - 85% EPS - 38 As per the technical pattern on weekly timeframe, price action has formed Bullish Continuation Pattern and is currently trading at lower channel of the trend formation. An upside of 40% is clearly visible over coming months which is the upper channel of the bullish pattern. In the current week, price action has broken the horizontal resistance as well confirming the upside in near future. Relative Strength has also turned positive on all major time frames. As per fundamentals, Stocks is still undervalued at PE of just 10.7 with sector PE of 17. Healthy Dividend of 20.4% CAGR growth of 24.1% over last 5 years Hope everyone enjoys this trade! Happy Trading, Thanks, Stock-n-Shine
NSE:GICRELong
by Stock-n-Shine
2
RELIGARE - MONTHLY CHART (INTERESTING PATTERN - NO TRADE YET)This chart is extremely interesting to study Look at the pattern During first contraction, there was a huge supply which took the price to abyss levels of 17 from levels of 280. The contraction measured 91% as per the scale Second contraction supply got limited to only 50% retracement & in the third it was only 28% This shows diminishing supply pattern. Price action give a successful breakout but went into consolidation. The least line of resistance is 285 & it should be kept on radar
NSE:RELIGARE
by Stock-n-Shine
GEOJITFSL - EXCELLENT SETUP FOR LONG TERM INVESTORSThe pattern is based om Monthly TimeFrame so it is meant only for long term Investors Made a high on Jan 08 of 131 and then went under a major contraction of 10 Years when it again made a high of 147 in Oct 17. That was the formation of first contraction. Similarly it went for another contraction of 4 yrs & then eventually of 3 years. It can give a big upside if it is able to break 147 and pass 150 levels Another possibility is it can go for another contraction but what makes the present contraction more promising is the spurt in Volume which might take the price action cross the major barrier So its a case of Wait and Watch
NSE:GEOJITFSL
by Stock-n-Shine
Nifty View for 22-05-2023In Nifty Upper side 18360-18380 is Important Level and Lower Side 18050 is important level. Previous day nifty has closed @ 108203 between supply zone 18195-18220. As per my view Nifty may be open Downside and test levels of 18080. Disclaimer: Content shared on or through our digital media channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:NIFTY
by easi2invest