Tradingviewindia
IRCTC - 82% RETURNS!!!BUY - IRCTC
CMP - Rs. 610
Target - 1: Rs. 720
Target - 2: Rs. 910
Target - 3: Rs. 1120
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Technicals -
1) Bullish Flag Breakout
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Fundamentals -
1) IRCTC operates through five segments: Catering, Railneer, Tourism & Train Operation, State Teertha, and Internet Ticketing. It offers mobile catering services and other catering services, tourism products and services, and packaged drinking water under the Rail Neer name. Additionally, it offers train ticket booking and travel insurance services, as well as operates irctctourism.com, a tourism portal.
2) IRCTC's financial track record, the company is of good quality with a fair valuation.
3) The company's current market capitalization is ₹48,288 Cr., with a 52-week high of ₹777.7 and a 52-week low of ₹557.
4) The latest PE ratio of IRCTC is 51.32 and the latest PB ratio is 19.37. The company's TTM revenue/sales are ₹3,267 cr.
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This is just a view, please trade at your own risk.
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HIGH/USDT: Unleashing Bullish Potential in Falling Wedge Pattern💎 Hey Paradisers, take a look at the HIGH/USDT daily chart. It's forming a falling wedge pattern, which usually indicates a bullish trend. Currently, it's around the 1.101 demand zone. If it holds steady here and breaks above the upper trendline of the wedge, we might see a bullish trend ahead.
💎 What are we aiming for? We're keeping an eye on potential rises to resistance levels at 1.574. If the momentum keeps up, it could even reach 2.326 and 2.796. If you prefer cautious steps, you might consider entering after it breaks above the 1.574 resistance. This could confirm a strong bullish trend. Stay alert, ParadiseSquad!
KENNAMETAL INDIA - 26% RETURNSBUY - KENNAMETAL INDIA LTD
CMP - Rs. 2126
Target - 1: Rs. 2431
Target - 2: Rs. 2676
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Technicals - 1) Harmonic Patterns
2) Targets set using Fibonacci Retracement and Gann Angles
3) EMA Convergence
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Comment: Estimated time for returns is 6-9 months.
BIRLA CORP - 75% RETURNS!!!BUY - BIRLA CORPORATION
CMP - Rs. 921
Target - 1: Rs. 1239
Target - 2: Rs. 1454
Target - 3: Rs. 1615
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Comment: Target - 3 will be achieved in the long term.
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Technicals - 1) Harmonic Pattern - Anti-Crab
2) Targets set using Fibonacci Retracement.
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DILIP BUILDCON - 210% RETURNS!!!BUY - DILIP BUILDCON LTD
CMP - Rs. 168
Target - 1: Rs. 305
Target - 2: Rs. 389
Target - 3: Rs. 526
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Technicals - 1) Bullish Harmonic Pattern - Navarro 200.
2) Targets set using Fibonacci Retracements.
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Fundamentals - 1) The stock emerged to be the lowest bidder for a highway project worth INR 7.8 Billion. This may be
justified by the fall in quarterly profits or the lack of funds required for taking on the project.
2) However, their annual profits have been consistently rising, and the new Budget for FY 2023-24 supports
infrastructure companies, indicating a rise in profits.
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BAJAJ FINANCE - 33% RETURNS!!!BUY - BAJAJ FINANCE LTD
CMP - Rs. 5649
Target - 1: Rs. 6880
Target - 2: Rs. 7689
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Technicals - 1) Bullish Harmonic Pattern - Anti-Crab.
2) Targets set using Fibonacci Retracements.
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Comment - The 2nd target will be achieved in the medium-term
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ENGINEERS INDIA - 164% RETURNS!!!BUY - ENGINEERS INDIA
CMP - Rs. 75
Target - 1: Rs. 117
Target - 2: Rs. 150
Target - 3: Rs. 200
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Comment: Targets 2 and 3 will be achieved in the long term.
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Technicals - 1) Harmonic Pattern indicating Bullish Reversal.
2) Targets set using Fibonacci Retracements and Gann Angles.
3) The stock is at support.
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GLENMARK PHARMA - 140% RETURNS!!!BUY - GLENMARK PHARMA LTD
CMP - Rs. 449
Target - 1: Rs. 702
Target - 2: Rs. 914
Target - 3: Rs. 1061
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Technicals - 1) Harmonic Patterns - Anti Nen Star, Sea Pony, Leonardo
2) Targets set using Fibonacci Retracements and Gann Angles.
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Comments - Target 2 and 3 will be achieved in the long term.
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LSIL - 85% RETURNS!!!BUY - LLOYDS STEEL INDUSTRIES LIMITED
CMP - Rs. 16
Target - 1: Rs. 21
Target - 2: Rs. 24
Target - 3: Rs. 30
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Technicals - 1) Bullish Harmonic Pattern - Sea Horse.
2) Targets set using Fibonacci Retracements and Gann Angles.
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Comment - Target - 3 will be achieved in the long term.
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