TERM
ITC Now showing Breakout SignsITC is looking very strong on charts and after a long time it's ready to give breakout above 265-270, you might see some very good movement here.
Levels are explained in charts
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TATASTEEL HEADED FOR A BIG BREAKOUT BREAKOUT TO TRADE:
Nifty Metal Sector has gave weekly closing above 61.8% Fib Retracement which means Metal Sector is now officially in Bullish Trend.
Our Long Term Pick is TATA STEEL
REASON :
1. Symmetrical Triangle!
2.Metal Sector Staring at a Breakout!
3. Removal of weak hands done last week.
TARGET : 1500+
SL IS WEEKLY CLOSING BELOW 595
OFSS - Fundamentally strong / Falling wedge Breakout on cardsStudy
- Fundamentally the stock looks good for long term (1 year target - 5900)
- Fair Value - 4000
- Debt Free Company with div yield of 6%
Risk Free Possible Trades
- Current price is in entry zone
- Enter at the LTP and look for target 1 - 3733
- On weekly closing if stock is above 3601 enter again and look for Target 2 and more
- Add it to your watch-list as it Can give multiple entry zone in coming months(Stay tuned - Will be updated)
BEL huge rally seems on chartsBEL is looking very strong and after a good consolidation for weeks between 200-230 for multiple weeks you might see some very good movement here.
Levels are explained in charts
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TATA POWER BREAKOUT - Green Signal BUY>It took nearly 6 months for a massive breakout... Cheers for all those who remained patience during 6 months of consolidation phase..next target is 320
Breakout in the trend line, based on your risk management go for buy.
>Safe traders wait for Retracement buy @275 ,
>Aggressive traders buy @276.
TATA POWER -- Bullish W Pattern TATA POWER DAILY CHART BULLISH W PATTERN
1. Stock trendline support at 200 level
2. Double bottom Formation seen at 200 level
3. Formation of Bullish w pattern on daily chart
4. Resistance breakout seen last daily closing candle
5. short term target 260+
BUY TATA POWER @ 241.35
TARGET 260+ short term ( 1 Month )
stop loss 220
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..Trade at own risk !
HAPPY TRADING . !!
HAL ready to BlastHAL after forming IH&S is now trying to give breakout above levels marked on the chart with great volumes. Post this breakout this can be good swing trade for short/medium term.
Levels are explained in charts
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ready to break resistance of DecadeNSE:TV18BRDCST
TV18BRDCST - for Mid. to long term
● Ready to break resistance of Decade.
●Could be next #multibagger
● Please note, it's weekly Time frame. So time taken to reach target will be in 'no. of weeks'
●Entry will be around 75.
●SL will be subjective to weekly candle closing below the zone i.e. around 64.
●Aim for at least 1:4 to 8 risk reward.
•𝘋𝘪𝘴𝘤𝘭𝘢𝘪𝘮𝘦𝘳 - 𝘛𝘩𝘪𝘴 𝘱𝘰𝘴𝘵 𝘪𝘴 𝘧𝘰𝘳 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯 𝘱𝘶𝘳𝘱𝘰𝘴𝘦 𝘰𝘯𝘭𝘺. 𝘛𝘩𝘪𝘴 𝘪𝘴 𝘯𝘰𝘵 𝘢 𝘳𝘦𝘤𝘰𝘮𝘮𝘦𝘯𝘥𝘢𝘵𝘪𝘰𝘯 𝘵𝘰 𝘣𝘶𝘺 𝘰𝘳 𝘴𝘦𝘭𝘭 𝘢𝘯𝘺 𝘴𝘩𝘢𝘳𝘦.
P.S.:- Position size should be decided considering SL we are putting.
Do not hesitate to take SL 😊
#the_pravin #simplepriceaction #notoindicator #nakedchart #swingtrading
#USDJPY Inverted Head and Shoulder formationAs seen in monthly chart of USDJPY, inverted head and shoulder is formed. Breakout above 127.50/128 with volumes will make it run to multi decade highs.
Likely scenario: With current global inflation, BOJ is forced to abandon its yield curve control strategy, that brings the yen devaluation option to the forefront.
God bless us all!!!
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalCG Power - Crompton Greaves Consumer Electricals Limited
Good stock from low of Rs5 to 180 in 2years
Still potential in this Stock to perform well
Buy at CMP for positional view of 200/240/290 levels
Very Short term 200 targets and 240 to 290 for 1-3years time
Keep SL of 140 levels
Company is expected to give good quarter also.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
MINDA CORP: Rounding bottom NSE:MINDACORP
Minda Corp NSE : Long term Technical Analysis
Pattern: Rounding Bottom
Time Frame : Weekly
Neckline :214
Analysis:
1. Observed Rounding Bottom Pattern in weekly time frame.
2. Confrimed the Neckline on closing as well as High low basis.
3. We got the breakout zone of 214 - 218.
4. Strong momentum with 20 simple DMA Support in Weekly chart.
5. Retested neckline multiple times.
6. Expected breakout this time.
How to buy?
1.Buy on MA in Weekly time frame.(Dynamic entry)
2.Buy at point of Pre - breakout as per explanation in Daily time frame.
3.Breakout buy @ 214 with target 228. Original Breakout at 228.80
Stop loss:
4 % for Long term
How to reenter : Reenter at same level with same stop loss.
Why BEPL is becoming more attractive day by day? INVESTMENT IDEAThis post is not for traders who want to trade with stop loss. This is for long term investors who wants to buy fundamentally strong beaten down names at a good entry points.
NSE:BEPL
Bhansali Engineering Polymers Ltd is engaged in manufacturing and sale of ABS Resins, AES Resins, ASA resins, SAN resins and their alloys with other plastics in the Indian market. Its customers include leading companies dealing in Automobiles, Home Appliances, Electronics, Healthcare and Kitchenware.
Why is it a good buy right now?
The Company had entered into a 50 : 50 Joint Venture Agreement with Nippon A&L Inc., Japan (NAL) and incorporated a Joint Venture Company namely Bhansali Nippon A&L Private Limited which provides sales support and technical support to the Company. This JV has enabled the company in catering the growing demand of ABS resins, ASA resins, AES resins and other specialty polymers. Nippon A&L Inc. was established in 1999 as a JV between Sumitomo Group and Mitsui Chemicals, which focused on polymerisation of Styrenics and enjoys high reputation in the field of manufacturing and marketing of ABS, AES, ASA resins and SBR/PBRLatices. Technical expertise, as and when required, is deployed from NAL Japan, in the purview of the JV between the company and NAL. With the help of the technical support BEPL has developed several new ABS grades and going ahead also the company believes that they will continue adding new SKUs to its product portfolio.
Indian ABS market has duopoly situation with only two players BEPL and INEOS, while the rest of the market demand has been catered through imports. Despite the availability of a market in India, global players find it difficult to meet the demand of the Indian market as the scale of operation is not favorable. Further, every segment requires a different colour and performance specification so manufacturing such a wide variety of colours requires a strong balance between investment and sectional capacity utilisation. Need for high grade technology is another strong entry barrier. Both these domestic companies have technical collaboration with foreign partners and have long standing relationships with end user industry. The market is niche which acts as a natural entry barrier for the new players.
The Indian automotive industry is undergoing significant transformation, with respect to its sustainable growth and profitability. The industry is witnessing megatrends that are expected to transform the industry in a significant way. Rapidly evolving customer needs, disruptive impact of technology, a dynamic regulatory environment, changing mobility patterns etc. are impacting the way auto companies are doing business in India as well as abroad. The industry now aspires to double its contribution to manufacturing GDP with a four-fold growth in size and a six-fold growth in exports by 2026. These bold aspirations, along with the trends shaping the industry, create new opportunities in the years ahead. India is becoming a global manufacturing hub of two wheelers as well as four wheelers. As a result of which, international giants in the automotive field, viz. Suzuki, Hyundai, Honda, Toyota, Volkswagen, General Motors, Ford, Nissan, Renault, Fiat have established their respective manufacturing facilities in India, with growing degree of indigenization of its components. For components manufactured out of ABS, BEPL’s presence is well registered with all such international giants.
Indian appliance and consumer electronics (ACE) market is expected to double by 2025 according to Indian Consumer Durable Report. There is immense scope for growth of these products in India as the penetration level is immensely low as compared to global average. Demand for consumer electronic goods is likely to witness an increase in the coming years, especially in the rural areas as the Government plans to invest significantly in rural electrification, supplemented by rising influence of social mass media and the popularity of online sales. The Government of India’s policies and regulatory frameworks, such as relaxation of license rules and approval of 51% Foreign Direct Investment (FDI) in multi-brand and 100% in single-brand retail, are some of the major growth drivers for the consumer market. The Production-Linked Incentive (PLI) scheme in 10 key sectors (including electronics and white goods) shall boost India’s manufacturing capabilities, exports and promote the ‘Atmanirbhar Bharat’ initiative.
Near-term outlook for Appliances and Consumer Electronics (ACE): Pent-up demand (most seasonal categories missed out massively in
the previous two seasons), work-from-home (to support convenience driven categories), improving housing activities, and resumption of
Capex will sustain strong revenue traction in the coming quarters too.
Average ROE (Return on Equity) for last 3, 5 and 10 years are 40%, 39% and 25% respectively (all above 15%)
5year CAGR (Compound annual growth rate) Sales and Profit at 19% and 82%
TTM (Trailing 12 months) Sales and Profit growth at 33% and 147%
Promoter Holding increased from 55% in Dec'19 to 56.45% in Mar'20 (greater than 45% is good)
Dividend Yield at 1.56% (consistent dividend payer since 2011)
Debt to equity at 0.00 (less than 1 is good), Interest Coverage at 1070 (greater
than 3 is good), Current ratio at 6.81 (greater than 1.5 is good), FCF to CFO at 78%
(company won’t have to raise debt for expansion)
Current PE at 4.82 is much lesser than 10-year average PE of 26
BEPL is trading at a very good support point and is heading towards another important support point at Rs.100.
If anyone consider it for buying, put only 3% of your capital right now, buy with another 3% if it falls another 40% and invest the rest 4% (don't invest more than 10% of your entire capital in one stock) when the share closes at a 52 week high.