Technicals
Nifty is facing this resistance lineYou can see my real-time trading analysis and now bout this chart I think nifty can continue in this consolidation face a few more days with a double bottom resistance line after this consolidation it may continue to bulls if you take a few steps back on nifty chat that you can see from 14 March to 27 March it takes almost complete a month to make double bottom after this break down it continuous bullish and now on thins point nifty making a double bottom again to make bullish itself.
NSE:NIFTY
Anything you feel additional technical patterns or do you think you need to give any advice. Let me know in the comment
HCC - monthly cmp 20Monthly trendline breakout + cup and handle breakout.
Monthly RSI above 60, bullish.
Monthly charts, so it may take time but can give 40-60% returns in 2023
Buying range 17-20
Targets 23-28-32 and if something even better happens, then even 40.
SL - 14 on weekly closing.(around 20-25%)
enj next move, use stop loss.enj next move, use stop loss, best time to big profit lets make some money.......use stoploss, god luck.
IDFC Ltd- A Interesting Case of UndervaluationIDFC is a Parent Company of IDFCFirst bank which holds Approx 37% Stake in IDFCFirst Bank.Currently IDFCFirst bank has a Valuation of 31000Cr. 37% will be Valued at 11000Cr.
IDFC also has Mutual Fund Business with 1.26LCr AUM. Recently Listed Aditya Birla AMC has a AUM of 3.1Lakh Cr. So Market is Valuing 1LCr AUM of AMC at 6000Cr Mcap. By this Logic, IDFC AMC should be valued at 7500Cr.
In Totality IDFC Business could be Valued at 18500Cr.
Current Marketcap of IDFC is Just 8500Cr, A Whopping Discount to its Holding Value. Market will discover this value and bet on IDFC, If they are bullish on IDFCFirst bank.
Schaffler India Good Heavy volume Breakout on weekly charts
anyone wanted to buy with good risk reward and positional he/she can start buying from cmp 6569
Happily Add till 6000
SL 5250
Tgts 7000 8000 9000++
If you have good patience it will make your portfolio stronger.
Business area of the company
Schaeffler is actively engaged in innovating and shaping the global pace of change. With innovative technologies, products, and services for CO2-efficient drives, electric mobility, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable.
Products & solutions
Automotive OEM:
Chassis components and systems
Clutches and transmission systems
Engine components and precision products
Drives for hybrid and Electric Vehicles (EVs)
Industrial:
Rolling and plain bearings
Linear guidance system
Maintenance products
Maintenance services
Mechatronics
Digital services
Automotive Aftermarket Replacement parts for:
Transmission
Engine components
Chassis components
Intelligent solutions for Repair and service points via platforms such as REPXPERT