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USDCAD rises within rising wedge ahead of Canada inflationUSDCAD prints a three-day winning streak despite mildly bid Oil price, bracing for the monthly Canada inflation numbers within a seven-week-old rising wedge bearish chart formation. In doing so, the Loonie pair extends last week’s rebound from a 200-bar Exponential Moving Average (EMA) backed by the price-positive RSI conditions and a looming bull cross on the MACD. With this, the quote is likely to extend the latest run-up toward a month-long horizontal resistance surrounding 1.3535-40. Following that, the stated wedge’s top line, close to the 1.3600 threshold, will be in the spotlight. In a case where the pair price remains firmer past 1.3600, it defies the bearish chart pattern and enables the buyers to aim for the late 2023 highs. Meanwhile, a convergence of the 200-EMA and the aforementioned rising wedge’s lower line, near 1.3465 by the press time, puts a floor under the USDCAD price. Should the quote break the stated key support, it confirms the bearish chart formation and highlights a theoretical target of 1.3050. However, lows marked during late January and December, around 1.3360 and 1.3180 respectively, could test the Loonie pair bears during the fall past 1.3465. Additionally acting as a downside filter is the 1.3000 psychological magnet. Overall, the USDCAD is likely to extend its recent run-up within a bearish chart formation unless today’s Canada data and the latest increase in Oil price, Canada’s key export, propel the Canadian Dollar (CAD).
by MTradingGlobal
Rain Industry will give Returns like Rain if you will invest nowHello Everyone, i have brought a stock of carbon cement producer which has given neat and clean breakout of Bullish Triangle Pattern on weekly Timeframe. Cement sectors giants like acc and ultratech has given best qtr this time, seems this could be a game changer for cements stocks. if we talk about Rain industry it is trading now on high discounts from all time high. Technical analysis:- Price is above 200-DEMA Stock has given breakout of Triangle pattern Volumes are high in last 2 and half years. MACD has given bullish crossover( I have not placed MACD indicator on chart) About Company:- Rain Industries Limited (RAIN) is a leading vertically integrated producer of carbon, cement and Advanced materials products. Headquartered in India, RAIN has manufacturing facilities in eight countries across three continents. KEY POINTS About Rain is into transforming by-products of oil and steel industries into high-value carbon-based materials essential to numerous manufacturing applications and end products. The company is making a strategical shift from low-margin products to favourable product mix. Manufacturing Capabilities The company owns and operates a total of 17 manufacturing facilities which manufactures products for its 3 business segments. These facilities are established across North America, Europe and Asia. Its current manufacturing capacities are - Calcined petroleum coke - 2.4 MTPA. Coal tar distillation - 1.3 MTPA Advances materials production - 0.6 MTPA Cement production - 3.5 MTPA Co-Gen Power Capacities It presently has a co-gen power capacity of ~175 MW from its 5 waste heat recovery plants & WHR steam plants. It also owns 4 flue-gas desulphurisation plants for co-gen power. Carbon Products Segment (66% of revenues) The company is the world's largest producer of coal tar pitch (CTP) and the second-largest manufacturer of calcined petroleum coke (CPC). It manufactures CTP and CPC through its wholly owned subsidiary Rain Carbon Inc. CPC accounts for 39% of revenues of the segment, followed by CTP (36%) and other carbon products (22%) Advanced Materials Segment (26% of revenues) The company leverages technology for the downstream transformation of a portion of its carbon output, petrochemicals and other raw materials into high-value materials that are critical to the specialty chemicals, coatings, construction, automotive & other industries. It operates manufacturing facilities in Belgium, Canada, Germany and Netherlands. Resins accounts for 40% of revenues of the segment, followed by petrochemical intermediaries (25%), naphthalene derivatives (18%) & engineered products (17%). Cement Segment (8% of revenues) The company produces cement through its wholly owned subsidiary Rain Cements Ltd in the region of South India. It manufactures and markets high-quality ordinary portland cement (OPC) and portland pozzolana cement (PPC) under its own 'Priya' Cement brand. It owns one manufacturing unit in Andhra Pradesh and Telangana each, and a packing facility in Karnataka. It has a base of 2,000+ registered dealers for distribution of its cement. Market Cap ₹ 5,906 Cr. Current Price ₹ 176 High / Low ₹ 184 / 140 Stock P/E 20.0 Book Value ₹ 253 (Very positive) Dividend Yield 0.57 % ROCE 17.1 % ROE 19.8 % Face Value ₹ 2.00 Industry PE 41.9 Debt ₹ 9,372 Cr. (Negative) EPS ₹ 8.04 Promoter holding 41.1 % Intrinsic Value ₹ 330 (Very positive) Pledged percentage 0.00 % EVEBITDA 5.60 Change in Prom Hold 0.00 % Profit Var 5Yrs 10.7 % Sales growth 5Years 13.2 % Return over 5years 9.31 % Debt to equity 1.10 (Negative) Net profit ₹ 409 Cr. ROE 5Yr 12.9 % Profit growth -76.9 % (Negative) 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:RAINLong
by TraderRahulPal
Multi Year Breakout in Govt. Undertaking Tourism Sector StockHello Guy's, i hope you all will be doing good in your life and your trading as well. I have brought another good stock, which has given Multi year breakout on weekly time frame with huge volume spike on weekly timeframe. This stock has shown very aggressive move in last few trading session. Stock has been double in very short of timeframe. Just 2 months ago on 28th of november stock was trading at 407, since then it has come at 839. More than 100% returns in just last 2 months. Now a days government undertaking stocks is in limelight, Government policies also supporting the stock a lot. It seems the rally should continue from here too, but off course do not expect same momentum, which we have already seen in last 2 months. Technically and fundamentally stock is good to go long and add more if you see some more downlevels from here. I will suggest to add this gem for long term and do SIP in it. MACD has given bullish crossover. PRICE is above 200-DEMA. Stock has given all time high breakout and sustaining above to that levels. Weekly volume spike in stock is also supporting the breakout. NOTE:- (I have not placed any Indicators on chart, but i have done my analysis with all) All these parameters suggesting positiveness in this Tourism & Hotel sector stock. About Company:- India Tourism Development Corporation Ltd is a Govt. of India undertaking and was established in October 1966, the company is running hotels, restaurants, providing transport facilities, engaged in production, distribution and sale of tourist publicity literature and providing entertainment and duty free shopping facilities to tourists. It has also diversified into consultancy, tourism, engineering projects, training/education in the tourism and hospitality sectors and event management. Market Cap ₹ 7,186 Cr. Current Price ₹ 839 High / Low ₹ 840 / 276 Stock P/E 97.8 (High PE Negative) Book Value ₹ 41.9 (Negative) Dividend Yield 0.26 % ROCE (Positive) 28.0 % ROE 18.6 % (Good) Face Value ₹ 10.0 Industry PE 41.0 Debt ₹ 0.63 Cr. (Good) EPS ₹ 8.54 Promoter holding 87.0 % Intrinsic Value ₹ 53.5 (Negative) Pledged percentage 0.00 % (Positive) EVEBITDA 62.3 Change in Prom Hold 0.00 % Profit Var 5Yrs 163 % Sales growth 5Years 6.04 % Return over 5years 24.2 % Debt to equity 0.00 Net profit ₹ 73.2 Cr. ROE 5Yr 4.23 % Profit growth 193 % (Very Attractive) PROS:- Company is almost debt free. Company is expected to give good quarter Company has delivered good profit growth of 163% CAGR over last 5 years Debtor days have improved from 95.2 to 61.7 days. CONS:- Stock is trading at 20.0 times its book value The company has delivered a poor sales growth of 6.04% over past five years. Company has a low return on equity of 2.84% over last 3 years. 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:ITDCLong
by TraderRahulPal
Large Rectangle Pattern Breakout seen in Miniratna Govt. StockHello Everyone, I hope you all will be doing good in your life and Trading as well. Guy's i have brought another Government Stock which has given multi year large Rectangle Pattern Breakout. Now a day's Government stocks are in famous to invest for long term, as most of GOVT. owned stocks giving multifolds returns like Railways and defense Sectors stocks. Our stock name is MOIL Ltd and this is primarily engaged in mining of manganese ore and is the largest manganese ore producer in the country. It is a miniratna state-owned company owned by Govt. of India. The Co. is the largest producer of manganese ore with market share of ~45% in the country with large reserves of manganese ore. The Co. has produced ~12 lakh tonnes of manganese ore p.a. on average over the last 5 years from FY18 to FY22. At present, the Co. operates 11 mines, 7 located in the Nagpur and Bhandara districts of Maharashtra and 4 in the Balaghat district of Madhya Pradesh. Market Cap ₹ 7,229 Cr. Current Price ₹ 355 High / Low ₹ 370 / 141 Stock P/E 25.5 Book Value ₹ 116 Dividend Yield 1.04 % (Good) ROCE 14.7 % ROE 11.0 % Face Value ₹ 10.0 Industry PE 18.4 Debt ₹ 0.00 Cr. (Positive) EPS ₹ 13.9 Promoter holding 64.7 % Intrinsic Value ₹ 215 (Good) Pledged percentage 0.00 % EVEBITDA 12.0 Change in Prom Hold 0.00 % (Good) Profit Var 5Yrs -10.6 % (Negative) Sales growth 5Years 0.38 % Return over 5years 16.6 % Debt to equity 0.00 Net profit ₹ 283 Cr. ROE 5Yr 11.5 % Profit growth -3.85 % (Negative) PROS:- Company is almost debt free. Company has been maintaining a healthy dividend payout of 53.9% Debtor days have improved from 51.2 to 39.1 days. CONS:- The company has delivered a poor sales growth of 0.38% over past five years. Company has a low return on equity of 10.9% over last 3 years. 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:MOILLong
by TraderRahulPal
XAU short-term trading and strategyThe path back to target inflation, like the path to a soft landing, is always narrow and treacherous. And there are some worrying developments that could shake up the “endless deflation” the US has experienced over the past few months, potentially pushing back policy easing beyond March. Favorable financial conditions: a leading indicator of real GDP, which has increased from 10% to 90% in six months, suggests that economic conditions are likely to remain stable at least in the short term. And if GDP increases, inflation may be difficult to reduce. Labor costs are not increasing: Rebalancing in the labor market occurs between job openings and quit rates, not unemployment rates. The employment cost index tends to follow the National Federation of Independent Business's small business compensation plan. At that point, the number rose, approaching the point where the Fed had to react hawkishly. Helter Skelter Shelter: Rents are forecast not to fall much in 2024, likely to contribute 17-20 basis points to core inflation in January and February, leaving no room for further contributions before Core inflation exceeds the Fed's target. Tensions in the Red Sea have begun to impact freight costs, leading to increased pressure on supply chains - a key driver of rising inflation in 2022, especially in Europe.
OANDA:XAUUSDShort
by TrategySherpa
1
OLECTRA | Swing Trade📊 DETAILS Sector: Electronics - Components Mkt Cap: 10,472 cr Olectra Greentech Limited was incorporated in 1992. The Company is primarily engaged in the manufacturing of composite polymer insulators and electrical buses. Its registered office is in Hyderabad. TTM PE : 133.32 (Average PE) Sector PE : 59.26 Beta : 0.52 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 15.58% away from 52 week high Underperformer - Olectra Greentech up by 5.42% v/s NIFTY 50 up by 6.91% in last 1 month 📈 FINANCIALS Piotroski Score of 6/9 indicates Average Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:OLECTRALong
by Munish_Jain
2
SANOFI | Investment Pick📊 DETAILS Sector: Pharmaceuticals & Drugs Mkt Cap: 19,127 cr Sanofi India is engaged in Business of Manufacture and sale of pharmaceutical products. TTM PE : -- (Average PE) Sector PE : 49.36 Beta : 52 Week Low 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 1.41% away from 52 week high Underperformer - Sanofi India up by 1.05% v/s NIFTY 50 up by 6.9% in last 1 month 📈 FINANCIALS Piotroski Score of 6/9 indicates Average Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:SANOFILong
by Munish_Jain
AUDUSD probes month-long bearish channel on China’s returnMarket sentiment improved early Monday as China returned to trading after a week-long Lunar New Year holiday. With this, AUDUSD justifies its role as a risk barometer and cheers optimism at the biggest customer, namely China, by challenging a one-month-old bearish trend. However, the road towards the north appears long and bumpy before convincing the Aussie bulls. That said, the stated falling channel’s top line, close to 0.6555, guards the immediate run-up of the pair ahead of the 200-bar Exponential Moving Average (EMA). Following that, a horizontal area comprising multiple levels marked since early January, between 0.6620 and 0.6640, appears a tough nut to crack for the bulls before taking control. On the contrary, the AUDUSD pairs’ retreat will aim for the 0.6500 round figure before convincing the bears to target the monthly low of near 0.6440. It’s worth noting, however, that the bottom line of a one-month-long descending trend channel, close to 0.6430 at the latest, will restrict further downside of the pair. In a case where the quote remains weak past 0.6430, a slew of support levels around 0.6400, 0.6340 and 0.6320 will try pushing back the bearish moves. However, the pair’s downside past 0.6320 will make it vulnerable to slump toward the previous yearly low surrounding 0.627. Overall, AUDUSD is likely to extend the latest rebound as upbeat sentiment joins firmer MACD and RSI signals. However, the room towards the north appears limited and the upside is also dependent on the RBA and FOMC Minutes.
by MTradingGlobal
Litton Ready for $1000 in bull market?#LITECOIN will pump very hard, you bid yet or not? - CRYPTOCAP:LTC - Litecoin Price Projections: Bullish short & long-term outlook based on Past market history. - Price Targets: Short-term: $500 Long-term: $1,000-$1,400 - Accumulated substantial LTC holdings during the recent dip. Ideal risk/reward entry point secured. - Next Steps: Will provide updates on exit strategy specifics as bull market momentum accelerates. Locking in gains at optimal intervals is the priority.
Editors' picks
BITFINEX:LTCUSDLong
by CryptoPatel
3
Are you ready to get Next 1000% Returns from this Solar Stock?Hello everyone, i hope you all will be doing good in your life and your trading as well. I have brought brought a stock from renewables energy which manufacturing of low-iron solar glass for application in photovoltaic panels, Flat plate collectors and Green houses. It is the first and the only producer of solar glasses in the country. If i talk about Manufacturing capabilities company has grown by over 7.5 times in the last five years, from a manufacturing capacity of 180 tons per day in 2018 to 1350 tons per day in 2023 (including the German acquisition). Overall Company has given more than 1500% returns since IPO came, and this will continue to like this in future as well. I think everyone should think for long term in it or better do sip in this futuristic business stock. Govt. also encouraging families to put solar in rural and urban areas so as demand is increasing, company can grow in multifolds. so again this is best time to enter for long term as well as short term to medium term. Stock has given breakout of Rectangle Pattern and price has come to retest the levels. Everything supported by huge volume spike on weekly chart, MACD indicator also has given bullish crossover on weekly timeframe. 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.
Editors' picks
NSE:BORORENEWLong
by TraderRahulPal
19
TRIDENT | Positional Trade📊 DETAILS Sector: Textiles & Apparel Mkt Cap: 20,842 cr Incorporated in 1990, Trident Ltd manufactures, trades, and sells Yarn, Terry Towels & Bed sheets, and Paper & Chemicals TTM PE : 45.44 (High PE) Sector PE : 26.49 Beta : 0.98 📚 INSIGHTS Mid-range performer Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest. 6.51% away from 52 week high Outperformer - Trident up by 12.36% v/s NIFTY 50 up by 4.1% in last 1 month 📈 FINANCIALS Piotroski Score of 5/9 indicates Average Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:TRIDENTLong
by Munish_Jain
10
ISMTLTD | Positional Trade📊 DETAILS Sector: Iron & Steel Mkt Cap: 3,201 cr Incorporated in 1977, ISMT Ltd. is mainly engaged in manufacturing seamless tubes and engineering steels. TTM PE : 19.70 (Average PE) Sector PE : 7.12 Beta : 1.25 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 12.19% away from 52 week high Outperformer - ISMT up by 14.29% v/s NIFTY 50 up by 0.01% in last 1 month 📈 FINANCIALS Piotroski Score of 8/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
ILong
by Munish_Jain
3