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InfoBeans Technologies Ltd is Ready to fly in Blue skyHello everyone, i have brought a stock which has potential to grow more than 100% from current levels. Yes i am talking about Infobeans Technologies which is primarily engaged in software development services, specializing in business application development for web and mobile and operate at Capability Maturity Model Integration (CMMI) level 3. Stock has given bullish crossover Volumes are supporting neckline breakout price is above 200-DEMA Market Cap ₹ 1,151 Cr. Current Price ₹ 472 High / Low ₹ 555 / 362 Stock P/E 51.2 Book Value ₹ 122 Dividend Yield 0.21 % ROCE 11.7 % ROE 7.92 % Face Value ₹ 10.0 Industry PE 31.8 Debt ₹ 24.5 Cr. EPS ₹ 9.25 Promoter holding 74.2 % Intrinsic Value ₹ 378 Pledged percentage 0.00 % EVEBITDA 17.2 Change in Prom Hold 0.00 % Profit Var 5Yrs 4.05 % Sales growth 5Years 26.1 % Return over 5years 48.6 % Debt to equity 0.08 Net profit ₹ 22.5 Cr. ROE 5Yr 16.5 % Profit growth -37.6 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:INFOBEANLong
by TraderRahulPal
Fans, Lighting, Pumps, Appliances making company is ready to flyHello everyone, i hope you all will be doing good in your life and your trading as well, i have brought another stock which is ready to fly in blue sky. It is an independent company under professional management and have 2 business segments – Lighting and Electrical Consumer Durables. Company name is Crompton Greaves Consumer Electricals Limited, and it is one of the leading consumer companies in India with a 75+ years old brand legacy. Product Portfolio:- Fans - Ceiling Fans, Table fans, pedestal fans, wall-mounted fans, Ventilating fans, heavy-duty exhaust fans, air circulators, industrial fans. In FY23, company has transitioned to the new BEE norms. Pumps - Residential pumps, Agricultural pumps, solar pumps, specialty pumps. Appliances - Water heaters, air coolers, mixer grinders, irons, small kitchen appliances, and power solutions. In FY23, company launched a range of built in kitchen appliances in top 10 cities. Lighting - LED lamps, Battens, panels, streetlights and floodlights, interior & architectural lighting, incandescent lamps, compact lamps, and Fluorescent lights. Stock is forming higher highs and higher lows pattern on weekly timeframe, and now it has taken support and formed higher lows on chart, there is higher probability we can see a follow through momentum in coming days. So this can be best entry levels to accumulate in lower levels for higher targets. Market Cap ₹ 20,161 Cr. Current Price ₹ 314 High / Low ₹ 328 / 252 Stock P/E 46.6 Book Value ₹ 42.6 Dividend Yield 0.96 % ROCE 16.0 % ROE 18.1 % Face Value ₹ 2.00 Industry PE 66.8 Debt ₹ 1,019 Cr. EPS ₹ 6.77 Promoter holding 0.00 % Intrinsic Value ₹ 125 Pledged percentage 0.00 % EVEBITDA 26.6 Change in Prom Hold 0.00 % Profit Var 5Yrs 7.42 % Sales growth 5Years 11.0 % Return over 5years 5.70 % Debt to equity 0.37 Net profit ₹ 440 Cr. ROE 5Yr 29.4 % Profit growth -17.5 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:CROMPTONLong
by TraderRahulPal
4
Ayurvedic Balm making stock has given Triangle pattern BreakoutHello everyone, i hope you all will be doing good in your life and your trading as well. I have brought a stock which has given breakout of Triangle pattern on weekly time frame, price is sustaining above 50 EMA since 3 weeks, MACD Has also given bullish crossover. There is higher probability we can see upside momentum in near term. Good thing about this stock is this is still trading at discount price, earlier it was trading almost at 50% discount, but recently it has given some upside momentum, still it's on discount around 40%. About company:- AHCL has been manufacturing ayurvedic balm for pain management since 1893, and is currently managed by the third-generation of promoters. The company is more than 120 years old and is into OTC products in the segments of pain management, women's hygiene, and packaged fruit juice drink. KEY POINTS High Market Share in Modern Trade Amrutanjan has maintained the No. 1 rank in Modern Trade in Head Category with the volume market share of 41.1%* in CY19. Product Portfolio The Co. offers a wide range of products in categories like pain management, congestion management, women’s hygiene, beverages, etc. Revenue Mix FY22 OTC Products - 92% Beverages - 8% Geographical Split FY22 Domestic - 98% Export - 2% Manufacturing Capabilities The Co. has 3 manufacturing units: 2 for its OTC products and 1 for beverages. It has a production capacity of 1,600 MT in the OTC manufacturing units. It is in the process of upgrading its beverage plant with state-of-the-art machinery. Entry into Oral Care Segment The Co. entered the oral care segment with Stop Pain Dental Gel to offer instant relief from tooth pain and swollen gums. Launch of Comfy Sanitary Napkins Amrutanjan entered the women's hygiene segment in FY14, and has scaled it up to a Rs. 50 cr - Rs. 100 Cr business in FY22. Distribution Network AHCL’s pain management products are available in ~12 lakh outlets across the country as of Q4 FY22. Comfy’s distribution has reached 3.5 lakh outlets. The Co. has invested in ‘Project M5K’ with the key objective to onboard 5,000 distributors, super stockists, and sub stockists. In FY22, the Company added around 150 super stockists and 1,200 sub-stockists to reach towns/ villages with fewer populations. Strategic Focus The Co. continues to focus on expanding distribution, enhancing global footprint, growing its E-Commerce vertical, and controlling costs. Market Cap ₹ 1,990 Cr. Current Price ₹ 681 High / Low ₹ 775 / 553 Stock P/E 45.2 Book Value ₹ 89.6 Dividend Yield 0.67 % ROCE 19.3 % ROE 14.3 % Face Value ₹ 1.00 Industry PE 31.9 Debt ₹ 0.66 Cr. EPS ₹ 15.1 Promoter holding 50.6 % Intrinsic Value ₹ 337 Pledged percentage 0.00 % EVEBITDA 30.0 Change in Prom Hold 0.00 % Profit Var 5Yrs 16.2 % Sales growth 5Years 11.5 % Return over 5years 16.4 % Debt to equity 0.00 Net profit ₹ 44.0 Cr. ROE 5Yr 21.9 % Profit growth 5.16 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
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NSE:AMRUTANJANLong
by TraderRahulPal
2
India's Leading Lighting Components maker stock has gvn BreakoutHello everyone, i hope you all will be doing good in your trading and your life as well. I have brought another stock which has given small rectangle pattern breakout on daily timeframe, breakout is supported by good daily volume creation on daily chart. Good thing we just found early so we can take entry on right time. Well company is really good with good management track record. Co. enjoys a significant market share for supply of automotive lighting & signaling equipment and rearview mirrors to Two-wheeler and Four-wheeler OEMs. In FY19, they had 27-30% market share of the total 2 Wheeler headlamp market in India, which increased to 30%+ in FY22. Technicals:- stock is trading above 200-DEMA. stock has given bullish crossover in MACD and RSI indicator. stock has given breakout of Triangle pattern with good volume. Everything suggesting a bullish momentum in this stock. NOTE:- I have not put MACD & RSI indicators on chart, but i have done my analysis on these written indicators above. Market Cap ₹ 3,424 Cr. Current Price ₹ 1,301 High / Low ₹ 1,314 / 822 Stock P/E 20.7 Book Value ₹ 337 Dividend Yield 1.54 % ROCE 26.7 % ROE 20.1 % Face Value ₹ 10.0 Industry PE 30.4 Debt ₹ 23.1 Cr. EPS ₹ 63.0 Promoter holding 66.6 % Intrinsic Value ₹ 892 Pledged percentage 0.00 % EVEBITDA 11.4 Change in Prom Hold 0.00 % Profit Var 5Yrs 24.4 % Sales growth 5Years 6.96 % Return over 5years 41.5 % Debt to equity 0.03 Net profit ₹ 166 Cr. ROE 5Yr 16.5 % Profit growth 18.6 % Disclaimer: - Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:FIEMINDLong
by TraderRahulPal
WTI Crude Oil’s pullback appears elusive beyond $78.00WTI crude oil pares the biggest daily gain in a week while posting mild losses near $79.50 early Tuesday. Even so, the black gold holds onto the previous trading beyond the 200-SMA and a downward-sloping resistance line from late April. Also keeping the energy buyers hopeful are the bullish MACD signals and upbeat RSI (14) line. It’s worth noting, however, that a 15-week-old horizontal resistance area surrounding $80.50-81.00 appears a tough nut to crack for the bulls. Following that, the quote will aim for the late April swing high of around $84.50 before challenging the yearly high marked in April near $87.70. Alternatively, the WTI crude oil’s further decline could highlight the seven-week-old resistance-turned-support line surrounding $78.50 for sellers. However, the energy bears remain off the table unless witnessing a clear downside break of the 200-SMA support of nearly $77.90. Following that, the previous monthly bottom of $76.15 will try stopping the downside before allowing sellers to challenge the yearly bottom of $72.48 marked earlier in June. Overall, the WTI Crude Oil price remains on the bull’s radar unless portraying successful trading beyond the 200-SMA. The upside move, however, needs validation from $81.00 and the fundamentals.
NYMEX:CL1!
by MTradingGlobal
Breakout with huge volume, 103% upside is possible in few monthsHello Everyone, i have brought a stock which has given breakout of triangle pattern with huge volume, and huge volume means breakout is going to sustain for sure. Stock name is Saksoft Ltd and it is engaged in providing business intelligence and information management solutions predominantly to mid-tier companies based out of USA and UK. It was established in 1999 by Autar Krishna and his son Mr Aditya Krishna. Service Offerings The company is a leading Digital Transformation Solution Partner for clients across various countries. It provides services like application development, testing & quality control and solutions based on cloud, mobility and Internet of Things (IoT) along with Information Management (IM) and Business Intelligence (BI) solutions. User Industries:- The company provides domain specific services in the verticals of :- a. Fintech - Pay Tech, Reg Tech, Credit Tech, Insure Tech. b. Utilities and Telecommunication - SharePoint development, Advanced analytics to reduce customer churn, Oracle Support, Testing CoE. c. Public Sector - Telehealth, EHR integration, Imaging analytics, etc. d. Retail & Healthcare - Multi Store eCommerce Solutions, Customer Engagement Solutions, Order Inventory Management, Telehealth & Remote Patient Monitoring, IoMT, Medical Device Integration, Billing & Revenue Cycle Management, Interoperability & Integration etc. e. Transportation & Logistics - 3PL, Carrier, Shipper, Port. f. Other - Machine learning & facial recognition from IoT data feeds, Predictive Analytics & BI, People identity management. Market Cap ₹ 3,085 Cr. Current Price ₹ 291 High / Low ₹ 402 / 210 Stock P/E 32.1 Book Value ₹ 47.7 Dividend Yield 0.27 % ROCE 27.7 % ROE 21.1 % Face Value ₹ 1.00 Industry PE 32.5 Debt ₹ 26.4 Cr. EPS ₹ 9.07 Promoter holding 66.6 % Intrinsic Value ₹ 175 Pledged percentage 0.00 % EVEBITDA 20.3 Change in Prom Hold 0.00 % Profit Var 5Yrs 21.4 % Sales growth 5Years 16.3 % Return over 5years 55.8 % Debt to equity 0.05 Net profit ₹ 96.2 Cr. ROE 5Yr 21.3 % Profit growth 17.4 % Technically and fundamentally stock is really good for short term to long term trading and investing purpose. I feel this is really good stock to keep in portfolio for long term investing type. I think SIP would be best option in it do get handsome returns in long term. There is higher probability we can get our final target in within next one year only. But if someone is holding for long term, then returns can be more than 1500% in next 5-7 years from here. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:SAKSOFTLong
by TraderRahulPal
USDJPY pokes key resistance amid mixed market, light calendarUSDJPY struggles to defend a two-day winning streak and the weekly gains while jostling with a seven-week-old symmetrical triangle’s resistance line early Monday. In doing so, the Yen pair also prints an inability to cross a broad resistance zone comprising tops marked since late April, around 158.00-158.50. However, the quote’s sustained trading beyond the 200-bat Exponential Moving Average (EMA) and the upbeat RSI (14) line keep buyers hopeful beyond witnessing a clear downside break of 156.00. Even so, the aforementioned triangle’s bottom line and an upward-sloping trend line support from late March, respectively near 155.60 and 153.40, will act as the final defense of the bulls before giving control to the bears. Meanwhile, fresh buying in the USDJPY pair will gain momentum beyond 158.50, which in turn could direct buyers toward the 160.00 psychological magnet. However, the latest multi-year peak of 160.20 and the year 1990’s high of near 160.40 could poke the Yen pair buyers afterward. If the quote remains firmer past 160.40, the odds of witnessing a gradual run-up toward the late 1986 peak of 164.50 and then to the 1978 low of 177.00 can’t be ruled out. Overall, the USDJPY remains in a bullish trajectory despite recent inaction.
by MTradingGlobal
This sugar stock is ready to give 57% swing from current levelsHello Everyone. i hope you all will be doing good in your trading and your life as well. I have brought a stock which is under 50 rs. and have potential to give double digit returns in few days. Stock just have given breakout of falling resistance trendline. There is higher probability we can see this stock above 50+ in coming days. MACD is giving bullish crossover price is above 200-DEMA huge volume spike seen on breakout day All this indicating a good reversal in stock. Technically stock is looking good but fundamentally still not stable, so my recommendation will be only for short term. Please follow strict stop loss and target it this. go with less qty for better result. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
BSE:BAJAJHINDLong
by TraderRahulPal
4
Crude Oil buyers brace for a bumpy road ahead, focus on $79.50WTI Crude Oil picks up bids to reverse the previous day’s retreat from a seven-week-old falling resistance line, close to $78.65 by the press time. In doing so, the black gold recovers from a 50% Fibonacci retracement of December 2023 to April 2024 upside, near $77.70. Given the bullish MACD signals and upbeat RSI conditions underpinning the commodity’s rebound, the buyers are likely to overcome the immediate trend line resistance surrounding $78.65. However, a convergence of the 100-SMA and the 200-SMA, around $79.50 at the latest, appears a tough nut to crack for the energy bulls. Also acting as an upside filter are the $80.00 threshold and late May swing high of $80.60. It should be noted, however, that the quote’s successful trading past $80.60 enables the optimists to aim for the support-turned-resistance line stretched from late 2023, near $83.50 as we write. On the contrary, a daily closing beneath the 50% Fibonacci ratio of $77.70 could quickly fetch the WTI crude oil prices to the previous monthly low of around $76.20. If the black gold remains bearish past $76.20, the monthly bottom of around $72.40 and the $70.00 psychological magnet will lure the sellers. It’s worth observing that the energy benchmark’s sustained weakness past $70.00 could make it vulnerable to a slump toward the previous yearly low of around $63.60. Overall, WTI Crude Oil appears all set to post the biggest weekly gain since early April but a daily closing past $79.50 will be crucial for bulls to retake control.
TVC:USOIL
by MTradingGlobal
2
BTCUSD Important levelHey Family, BTCUSD is at important level and Forming a ascending triangle Pattern Let's see this breakout sustain or not. Trying To Break Resistance zone and if this break Resistance zone then we can see a good upside move with levels 68400, After 68400 hurdle we can see a good quick move, If There is a reversal From The Resistance Zone. Then We can see Lower level possible only after breakdown of Support trendline. what is your view please comment it down and also boost the idea this help to motivate us for sharing more idea. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
INDEX:BTCUSD
by ChartSight
EURUSD traders should focus on 1.0790, US inflation and FedEURUSD licks its wounds at the lowest level in six weeks as the pair traders await the US Consumer Price Index (CPI) for May and the Federal Open Market Committee (FOMC) meeting of the US Federal Reserve (Fed). Also important are the final readings of Germany’s inflation data for May and speeches from a slew of European Central Bank (ECB) officials. In doing so, the Euro pair keeps the week-start fall beneath the 200-day Simple Moving Average (SMA) and a one-month-old ascending support line, a part of the short-term bullish triangle. Not only the downside break of the key SMA and rejection of the bullish chart pattern but the bearish MACD signals and an absence of the oversold RSI (14) also keep the pair sellers hopeful. The same highlights February’s low of around 1.0695 as immediate support to watch during the quote’s fresh downside. Following that, an upward-sloping trend line from October 2023 near 1.0650 will act as the final defense of the buyers. In a case where the pair remains bearish past 1.0650, it becomes vulnerable to refresh the yearly low, currently around the 1.0600 threshold. On the contrary, softer US inflation and the Fed’s inability to convince the policy hawks despite avoiding the looming rate cut can trigger the EURUSD pair’s recovery. In that case, a convergence of the 200-SMA and support-turned-resistance line around 1.0790 will be in the spotlight. Should the Euro buyers manage to provide a daily closing beyond the 1.0790 hurdle, as well as cross the 1.0800 round figure, the 50% Fibonacci ratio of its July-October 2023 decline, around 1.0865, and then to a five-month-old descending resistance line, near 1.0915, can’t be ruled out. It should be observed, however, that the buyers will face heavy resistance past 1.0915 as the aforementioned triangle’s top line of 1.0920 will precede the 61.8% Fibonacci ratio near 1.0960 and an 11-month-old falling trend line surrounding 1.1010 to restrict the further upside. Overall, EURUSD remains on the bear’s radar beneath 1.1010 while 1.0790 acts as an immediate key upside hurdle.
by MTradingGlobal
Momentum Swing idea|Zensar Technologies LtdZensar Technologies Ltd Zensar Technologies is a leading digital solutions and technology services company. It is a part of the Mumbai-based RPG group and is headquartered in Pune, India. Fundamental : Strong Market Cap ₹ 12,767 Cr. Current Price ₹ 564 Stock P/E 20.9 ROCE 14.5 % ROE 11.2 % Debt to equity 0.07 Promoter holding 49.2 % Quick ratio 2.95 Current ratio 2.95 Piotroski score 5.00 Profit Var 3Yrs 7.69 % Sales growth 3Years 5.05 % Return on assets 7.95 % this stock is available at 20 p/e as well as now in momentum with rsi above 55. keep in radar. Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like boost and follow me for more ideas. Thanks and comment freely
BSE:ZENSARTECHLong
by Momentuminvesting5540
THE BOWL PATTERN. Clean and simple once the stock breaks out.THE BOWL PATTERN. Clean and simple, this sleeper pattern takes off once the stock breaks out. For the 2005 winners, the breakouts occurred on 52-week highs of the stocks' prices. In his book Encyclopedia Of Chart Patterns, Thomas Bulkowski tested and rated the various patterns, and the rounded, or bowl, pattern was the second most likely to rise, with a 54% chance to rise 20% or more. Even if a stock isn't the next big winner, it's a big bonus if you have a better than average chance of making money on the trade. Beyond the breakout pattern, logically the top 10 stocks should have strong fundamentals and it's important to know exactly what made them go up. So in retrospect, I followed the trail of news releases and earnings reports fueling their growth.
NSE:COROMANDELLong
by TuhinKumarMondal
1
GBPUSD defends week-start recovery as UK employment data loomsGBPUSD stays defensive above 1.2700 as traders await the UK’s monthly employment data early Tuesday. In doing so, the Pound Sterling keeps the previous day’s recovery from a seven-week-old rising support line and the 21-day Exponential Moving Average (EMA). Monday’s rebound also justifies an uptick in the RSI (14) line but fails to gather momentum amid bearish MACD signals. As a result, the Cable pair is likely to mark another attempt to cross a descending resistance line from July 2023, close to the 1.2800 threshold at the latest. However, any further upside appears lacking acceptance, which if takes place could challenge the yearly high marked in March around 1.2895 and the 1.2900 round figure. Should the buyers keep the reins past 1.2900, the 1.3000 psychological magnet and late 2023 peak of 1.3142 will be in the spotlight. On the contrary, the 21-day EMA level of 1.2710 and the aforementioned rising support line, close to the 1.2700 mark, restrict the short-term downside of the GBPUSD pair. It’s worth noting, however, that the Pound Sterling’s sustained weakness beneath 1.2700 will direct sellers toward the early May swing high of nearly 1.2635 and then to the 50% Fibonacci ratio of the pair’s July-October 2023 fall, near 1.2590. Following that, the 38.2% Fibonacci retracement level of around 1.2455 and an upward-sloping trend line from October 2023, near 1.2400, will act as the final defense of the bulls. Overall, the GBPUSD pair is likely to extend the latest recovery ahead of the UK employment data but the upside room appears limited, which in turn suggests the need for strongly positive statistics to defend the buyers.
by MTradingGlobal