Technical
BURGER KING--> Good upside potential after breakoutThe above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
DLF 10 YEARS BREAKOUT [ COMMING OUT OF HIBERNATION]DLF Has given a big breakout after almost 10 years of consolidation.. Though the breakout happened earlier it got failed because of covid second wave. It has formed a big base at the bottom and usually the more bigger the base , the bigger is the upward move. Its like constructing a building , the bigger the base below the ground the stronger and taller is the building. Real estate sector is in boom. There are few reasons behind it. First of all RERA Act has reduced a lot of uncertainty and fraud in the sector.
The owner of the land are looking for bigger developers . Developers now have to open a escrow account for all transaction and make particular compliance certificates for
environmental, fire , legal etc. Skilled and educated people are now working and are being employed , where as earlier all unskilled people where working. The real estate sector is at almost rock bottom, so valuations are good. This sector can take time to move but looks really good both fundamentally and technically.
The Stock can take time to move Bearing the fact that there have been problem in this sector and company. But the targets are very high.
My trade setup in BankNifty Futures for 12th June 2021My trade setup levels are created as below in BankNifty Futures for 12th June 2021.
The Key target levels will be at High - 35680, Low 34760..if market breaks these levels, expecting
the market go beyond in double the speed.
Expecting Movements...
Opening will be Flat or Downside
Down move till 10.45 am
Upmove or Sideways 10.45am to 12.15pm
Again Down move till 2.30pm
Again Recovery till 3.30pm
Close near at Low of the Opening level of today
**** May be a significant fast-fall today
FINCABLES: Breakout! UPSIDE 16%Stock is moving up with very high relative strength and both technicals and fundamentals are strong in the case of market indices correlation. Price is in the trending phase with Higher-Highs of 0.3-0.5 fib retracement which is considered as a fast trending pace of a particular stock. Recently the stock has given a breakout over the distribution phase and now on the way to the sky. Below I have mentioned an overview that should be considered & necessary before you jump through this!
Points to be Note (Technical + Fundamental)
1. Structrue- Higher: Highs formation (no aggressive formation yet)
2. 1D Critical Demand Zone Candle formation ( Act as a short term healthy correction)
3. Market Cycle: Distribution Phase with strong bearish pressure (1D)
4. Support: Above 50MA
5. Resistance: Pending (yet not made all-time high since 2017)
6. Retracement Levels: 0.3-0.5 Fib (fast pace)
7. Relative strength: Postive at 2.1 bounce form 0 shows
8. Volume: Low volumes with -6% Buyers may lead to strong volumes in upcoming session with highest strength oscilation of +40% with could be gain Relative strength which is settled near 2.00 from top 6.00
9. Beta: 0.65 Not aggressive... Reliable number for Value investors.
1. PE: 17 Considerable as compare to its peer polycab.
2. Marcap 2nd largest company followed by polycab India
3. D/E Ratio: 0.00 (7cr) almost zero as compared to reserves. Debt-free company
4. Book-Value: 2.29 More than double! Negative outlook but again considerable and remain neutral outlook as to its peer (market leader) having 6.20 polycab India.
5. Sales: Decreaded by 3%
6. Sales to OP correlation: Affected but very insignificant
7. Sales to PAT correlation: Surged by 17% YOY
8. ROCE & ROE is 19.6% vs 14.4%
9. Reserves: 13% Increased fairly
10. Investing Activities: 851Cr non-asset investing has been identified might influence future earning growth.
That's it! NSE:FINCABLES
Shaily - Ashish Kacholia Portfolio stock.Hie, In this portfolio specific series, we talk about some stock which top Indian investors hold.
In limelight today we have Ashish Kacholia. He specializes in finding the best midcap and smallcap stocks which have given him multi-bagger returns. Kacholia is invested in over twenty-four stocks and has a varied portfolio that includes hospitality, education, infra, and manufacturing. Holding% - 7.2%
Shaily Engineering Plastics is engaged in the manufacture and sale of injection moulded precision plastic components, sub-assemblies and other related services. It operates through the following segments: Consumer, Healthcare, Personal Care, Automotive & Engineering and Steel Furniture.
* By entering into Carbon Steel business, the company cemented the relationship with existing customers and have got into Multi-Material Products (combination of Plastic & Steel)
* Funded capex of Rs. 150cr to set up Healthcare business, expansion of new SKUs for Homes Furnishing major and carbon steel business from internal cash flows and Debt
* PE 61.53
Sources credit:
Trendlyne, BSE Website , Screener & Wikipedia.
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The analysis is my POV , in no way it is a buy-sell recommendation. Hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
WRX Coin Price Prediction and Technical AnalysisI'll go through WRX Coin Price Prediction. I Perform a technical analysis on wrx across several time frames with best intraday indicators using exponential moving average (EMA) and Relative strength index (RSI) Indicator.
WRX will breakout soon head and shoulder pattern.