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➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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Tradeidea
Associated Alcohols & Breweries Ltd - Fundamentals & TechnicalsAssociated Alcohols & Breweries Ltd is in business of manufacturing and trading of ENA, Indian Made Indian Liquor (Country Liquor), Indian Made Foreign Liquor and Hand sanitizer. It operates through Potable Alcohol segment.
FUNDAMENTALS:
> It is a micro-cap company with a market cap of just Rs.822 Cr. Think like the company have just started crawling after coming out of mother’s lap.
> The ROCE is at 34% and ROE is at 26% which is very very impressive considering the size of the company. Positive.
> Stock P/E is at 14.2 which makes the valuation too attractive as compared to the sector P/E at 36.41. Positive.
> Higher than Industry Revenue Growth: Over the last 5 years, revenue has grown at a yearly rate of 11.69%, vs industry avg of 3.05%. Positive.
> Increasing Market Share: Over the last 5 years, market share increased from 1.29% to 2.12%. Positive.
> Lower than Industry Debt to Equity Ratio: Over the last 5 years, debt to equity ratio has been 24.6%, vs industry avg of 91.03%. Positive.
> Higher than Industry Current Ratio: Over the last 5 years, current ratio has been 147.51%, vs industry avg of 102.59%. Positive.
> It is almost a debt free company, reducing its borrowings continuously on year on year (YOY) basis, that's a very good sign from investment perspective.
> Very robust Topline and Bottomline.
> It is increasing its cash reserve on YOY basis, currently have huge cash reserve as compared to its borrowings.
> The company has maintained its Operating Profit Margin (OPM) at or above 18% since last 5 years, that's again a positive sign.
> The company expands its alcohol manufacturing capacity; the plant will have dual features of both ENA & ethanol manufacturing. The estimated cost is about 110 crores and expected to be complete by June 2022.
> Popular Brands: McDowell’s’, White Mischief, Director’s Special, Bagpiper, Black Dog, VAT 69, Black & White Scotch Whiskey, Smirnoff & Captain Morgan
TECHNICALS:
> Stock looking very strong on chart, it is making higher highs and higher lows continuously since March 2020.
> Trading above 100 DMA and about to break 200 DMA.
> It is clear from volume at the bottom that accumulation is going on in the company on regular intervals and bull run will continue for long.
Fresh Buy - At CMP i.e. 455.
Old Buy - HOLD
First Target – 773 (+70%)
Second Target – 1092 (+140%)
Risk Management Tip: Never invest more than 5% of your capital in any single stock.
Happy Investing!
Team ShareMktSchool
NIFTY 15 min strategyMark the first 15 min high & low of Nifty.
(Only trade on 15 min time frame)
If any the breakout comes in Nifty on the upper or lower side, then take positions when taking retest at levels on nifty options or future for targets of
T1: 30
T2:45
Sl: 30 points in nifty futures and 10 points in Options
Make your own rules for it and backtest it.
Trade only if you accept losses.
ONLY FOR INFORMATION AND EDUCATION PURPOSE, ASK YOUR FINANCIAL ADVISOR BEFORE TAKING ANY ACTION
TITAN Near Buy Point (LONG)NSE:TITAN
Buy Above 1460 on Hourly closing Basis
Target on the upper band of parallel channel i.e. around 1580
Stop loss at just below Support zone i.e. 1395 on Daily Closing Basis
Titan has taken perfect support from its multiple time tested support zone of 1405-1420
Given outside closing of short-term downwards trendline
Good risk-reward trade against 65 point Sl 120 Point target i.e. 1:1.85 ratio
Price, Volume, and Momentum positive
Disclaimer -
This is our personal view and this analysis is only for educational purposes.
Please consult your advisor before investing or trading.
You are solely responsible for any decisions you take on basis of our research.
IBULHSGIN seems very, one can go long with TARGET 248 IBULHSGFIN (Indiabull housing finance) jus gave its entry point @192.25 wid stoploss of 188, It can show bigger moves in upcoming days and seems very bullish , it has a behaviour of touching its long time down trendline then it shows bullish moves . but since march 2020 it didn't break its 249.5 levels ,so our TARGET will be 248 which is again a very good move of 55% gain , if it sustains 249 level one can go long with a target of 309.
Buy BANKBARODA For 10-20% TargetYou can initiate a buy position in bankbaroda. Consider the given levels for initiating this trade.
Buy-Above 80
SL -73.5
Target- 87 95
Duration- 1-2 Weeks
Disclaimer:- I am not SEBI registered. All the analysis shared is my personal opinion.
Do follow us on tradingview for more trades like this.
NIFTY SETUP FOR TOMORROWNifty shows a potential upside for tomorrow session. A perfect W bottom with clear diversion on TDI. The diversion is strong as the first leg of the diversion is outside the Bollinger band followed by the second inside leg. If it breaks the trend line we can expect the 61.8% levels tomorrow.
INDUSIND BANK INTRADAY BUYIndusind Bank look really positive from this level. A strong support at the bottom is being seen and would be recommended to buy at the levels of 870. The TDI diversion looks strong and can be held for a swing purpose also.
Buy above 870
Intraday Target 885
Intraday Target 2- 925
Positional Target- 1000
Stoploss- Below 810 Closing basis
AUDCAD AnalysisMy Technical Analysis
1. AUDCAD broke the downtrend line on the daily timeframe and started its uptrend.
2. Price Respected the support zone on 4hr timeframe proving our buy bias.
3. Discovered a Divergence on the 1hr timeframe and price started a short term downtrend.
4. Recently Discovered another divergence on the 15min timeframe indicating a potential reversal.
5. Now waiting for market to give us conformation for entry by breaking the trendline (down) and 50 period EMA on 15min TF to continue the uptrend.
The Entry is expected to be somewhere around 0.9680 as showed on the chart.
Stop loss will be just below the Swing low / for tight stop loss - just below the 50EMA and the trendline breakout / or simply using the ATR indicator.
Take Profit Target will be the near swing high for safety / or move stop loss to break even at 1:1 RR and trail stop loss (recommended cause uptrend started on higher TFs and expected to go further).
About Myself
Hello Traders, I'm Sid a new trader in the market, started 6 months ago, did a price action / technical analysis course recently and now I'm here to practice and test my skills in real time. I'll be sharing my analysis on many forex pairs and my ideas here. Would appreciate your support (like, share, comment, etc.) and I'll see you on the next episode of Drag.... I mean Sid's Analysis.
Bye.
BERGER PAINT as market is in demand for reality sector ...and many more festivals are on way so demand of any paint is high . One of this is berger paint .
You can go for Long and if market is in positive mood .. it will gain almost 50+ points . & you can do Intra trade as per your skill and risk.
# WATCH MARKET IF ITS IN POSTIVE THEN HOLD , OTHER WISE GO FOR INTRADAY .
BUY AFTER CROSSING - 764
1 TRGT - 774
2 TRGT - 792
3 TRGT - 810
STOP LOSS - 750 & 743 (ALWAYS USE STOP LOSS)