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Cup and handle pattern in GUJRAFFIA - Multi year breakout.A cup and handle pattern is clearly visible on the daily charts while on the weekly charts, stock has broken a long-term resistance around Rs 76. I would consider this pattern to be bullish and targets of around 110 can be seen in a few weeks. We can expect a minor consolidation before a breakout and those can be very good levels to enter the trade. Kindly note, this is not a recommendation and only an analysis. Only for educational purpose.
NSE:GUJRAFFIALong
by NandanChaturvediTrade
Bullish on Trident Ltd. Fundamental 1. Strong financials, can consider for long term. 2. Trading at lower value due to bad quarterly results, accumulate at a fair value. 3. Business operations should go up once the pandemic is over and lockdown restrictions are lifted. I consider it a potential multibagger. Technical 1. ADX rising in a sideways trend, possible breakout. Price Range Buy above 17.50 for Target 1 = 19.3 (~10%) Target 2 = 22.2 (~27%) Target 3 = 24.3+ (~38%) NSE:TRIDENT BSE:TRIDENT
NSE:TRIDENTLong
by Anmolshukla
NIFTY: Long term Parallel ChannelNifty seems to be following the Parallel Channel in the long term view. It has been taking support and resistance near the lower and upper edges of the Parallel Channel. It also have shown the similar behavior with the center line of the Parallel Channel. We all are waiting for the glorious 16000 mark. :) Looking at the trend and the Parallel Channel that Nifty is following, milestone is not too far. It is expected to take support from the lower edge of the Parallel Channel and bounce back. By the end of next week, we shall all be celebrating the 16K Victory. Cheers!!!
NSE:NIFTYLong
by gauravamritkar
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
NSE:FINCABLESLong
by rajveerscolia