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NIITNIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements. The company was established in 1981 to help the nascent IT industry overcome its human resource challenges. PROS The company has reduced its debt. The company is almost debt-free. The company is expected to give a good quarter. The company has delivered good profit growth of 39.3% CAGR over the last 5 years. The company has been maintaining a healthy dividend payout of 17.8%. Let's speak about the technical view:) NIIT has been in a consolidation phase since 2007 after a COVID fall. It gave a breakout, then a big rally from 151 to 650 (+380% return). Now the stock has already corrected almost 58%, and the stock looks super interesting to me. Multi-Bugger stock can touch again 650 soon in upcoming times.) (Like, comment, and subscribe for more stock analysis.)) #Watchlist #NIIT (M): CMP 328 Looks Good for 400, 500, and 600+ Disclaimer: The view shared is for educational purposes only.
NSE:NIITLTDLong
by Charts_insiders
DIVISLAB forming a beautiful price action patternDIVIS LAB has formed a descending triangle pattern with significant price action setups. 1. We can spot a supply zone that has been marked on the chart, a good amount of shares were exchanged at that price before the prices came falling down. 2. The price then took support from the demand zone as marked and made a new swing high which gave a breakout but with low volumes which ultimately failed and again prices dived deep down. 3. The last major fall was initiated by a bearish engulfing pattern indicating that sellers are now active at that range and GTT orders might be in place there so that region is very important for us. Now, if the prices break down from the supply zone we can see another sharp fall or if it takes support we can easily see a rally upwards toward the 3800 zone.
NSE:DIVISLAB
by Apex_Trading69
SBIN: Chart analysis, view and trading strategySBIN We are looking at weekly chart of SBIN stock Observations - SBIN is yet to give a weekly closing above the Sept 12 - Sept 19 weekly high - support at 554 / 545 / 530 zone Given the set up One can wait for SBIN to close and sustain above 579 on a weekly closing basis or for at least 3 days before taking for fresh long position Otherwise 530-540 zone could be a better place to enter Derivatives Strategy One may consider a Bear Call Spread strategy in SBIN for November series Sell 600 Call option Buy 630 Call option Net receivables 6 points Lot size 1500 Max Profit Potential of Rs 9000 per strategy lot till 24 Nov 2022 Profit potential of 12.5% approximately on Margin requirement Take care & safe trading...!!! Like, follow, share for more trading ideas like these Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:SBIN
by indiamarketoutlook
2
Why TATAPOWER ?Hi everyone! Let us discuss TATAPOWER in this thread. TATAPOWER has given fabulous 750% movement b/w May'20 and Oct'22 and since then it is in consolidation. Below I have mentioned my reason why I think it is a good time to consider this stock. 1. Price Action : :- Stock is testing its 2 year long trendline(pl. refer chart). :- In weekly chart last four candles have formed higher lows, which if formed near support generally signals strength. :- Triangle pattern breakout in Daily chart. 2. RSI : Monthly RSI is near 60 at same time weekly RSI is testing 40 whenever price is moving near trendline. 3. Good Risk to Reward : Since stock is near its trendline so the SL will be only 6-7% which means we can expect a RR of 8 to 10. After all these positive points there is also one point which will be of slight hindrance and it is that, Stock is trading below its 200 moving average(in daily), and once it crosses past that we can expect some good momentum in this stock. Do you agree with all this? Pl mention if you have any point in addition or against above points. THANKS!
NSE:TATAPOWERLong
by sudhanshu_raaz
3
A Very Low risk setup in SKFINDIAHello everyone! Now is the best time to go long in SKFINDIA. I have been tracking this stock since July'22 and it has given a fabulous one sided rally of 35% since then, it is going through consolidation from last 2 month(pl. go through chart for probable target and SL). Someone might consider it after breakout from trendline but I personally prefer a low risk setup even with slightly less probability as after breakout the probability will increase but the risk to reward will be not as good as now. Let us understand this through example: Consider 2 setups, one with low RR and high wining % and another setup with considerably less winning % and high RR. RR ratio Wining % 1st Setup 1:3 90% 2nd Setup 1:6 60% Now before doing calculation let us pre-assume a few things; Total Capital - ₹1000 Maximum risk he/she take per trade - ₹20 After 10 trades: For 1st Setup; 1 trade will hit SL since setup has 90% accuracy. so, total loss = ₹20 As the setup have RR of 1:3 So, target for each trade will be = ₹20x3 = ₹60 In 9 trades target will be achieved. So, total gain = ₹60x9 = ₹540 Similarly for 2nd Setup: No of losing trade = 4 Total loss = ₹20x4 = ₹80 Target for each trade = ₹20x6 = ₹120 No of winning trades = 6 Total gain = ₹120x6 = ₹720 Total loss Total gain Net Gain ROI 1st Setup ₹20 ₹540 ₹520 52% 2nd Setup ₹80 ₹720 ₹640 64% Now you may make your decision. Thanks!
NSE:SKFINDIALong
by sudhanshu_raaz
Why Am I long In Nifty ?After giving a rally of almost 140% nifty is in a rangebound market from almost 1 year, which means it is going through accumulation or distribution phase. If it is distribution then market will move downwards and can test level of 13600 but if we consider it is an accumulation phase then it can give a rally up to 21000 in coming months. I have mentioned below my reasons why I am considering more probability of this rangebound as an accumulation than distribution. 1. Strong Sectoral chart : Many sectors like auto, energy and banking are looking very strong on chart and even weak sectors like IT and Metal are showing some strength. 2. Sign of Strength in Global Market : In weekly chart S&P 500 Chart is near its 200 EMA and at same time in daily timeframe it is forming reverse head and shoulder pattern(still to give breakout). 3. Price action : For Cup and Handle I personally use some combination of RSI signals to identify a strong Cup & handle. Nifty is forming a cup & handle pattern in weekly chart from Apr'22 and for the handle to be completed 17400 was a very important resistance level, last week market has given a closing above 17400 and RSI is also indicating some strength. Thanks!
NSE:NIFTYLong
by sudhanshu_raaz
Diwali pickHi everyone! As we already know that few months back auto sector has given breakout from its cup & handle pattern, after giving beautiful breakout in last 2 months it has corrected a bit and now taking support near its breakout level. RSI is also giving signals for strength at current level, so the sector to go long this Diwali would be Auto. Now zooming-In, in Auto sector we have to choose stocks which will be major contributor in coming rally. Some stocks like M&M and TVS were the leaders during last up move and gave almost 60-70% rally in last 4 to 5 months, they still have potential to move 30-40% on upper side but it is not suitable for fresh entry as risk to reward will not be suitable. "CUMMINSIND" is one stock looking strong and supposed to lead from front in coming rally in auto sector, it is near its cup & handle breakout level and formed a beautiful triangle pattern, RSI is also giving positive signals. Lower side risk would be only 7% and is supposed to go up to 2000 which would be 70% from current level, i.e., we will be getting risk : reward of 1:10. Stay safe! Happy Diwali.
NSE:CUMMINSINDLong
by sudhanshu_raaz