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BankNifty Future Analysis for Today 29th May 2023#BankNifty Future Analysis for #Today 29th May 2023 As per our #analysis for #BankNiftyFuture, we are expecting these Intraday levels today, kindly check the charts on 15 min time frame and act accordingly. #IntradayLevels Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act. Follow Us For More #Updates in Future #BankNifty #DayTrading #IntradayLevels #TradeWithDiscipline #Search_MarkitVUE_in_Telegram_For_Daily_Trades #15min #timeframe #TradeOnCharts #SureTrade #SystematicTrade
NSE:BANKNIFTY1!Short
by MarkitVUE
BREAKOUT - VA TECH WABAG LTDBUY - WABAG CMP - Rs. 354 Target - 1: Rs. 515 Target - 2: Rs. 710 . . Technical - 1) Trendline BO 2) Cup and Handle(nearing BO). . . Fundamentals - 1) VA Tech Wabag Limited (NSE:WABAG) is considered a reasonable investment option due to its current share price increase of over 10%. Its price-to-earnings ratio of 12.34x is lower than its industry peers’ ratio of 13.03x, indicating a fair valuation. 2) Additionally, the company is expected to see a profit growth of 42% in the next two years, which is encouraging. . . Follow me for more!
NSE:WABAGLong
by nilakshgupta
GM BREWERIES - 70% RETURNS!!!BUY - GM BREWERIES CMP - Rs. 599 Target - 1: Rs. 810 Target - 2: Rs. 1020 . . Technicals - 1) Bullish Flag BO, supported with high volumes. 2) Historical trend ranging from August' 15 to May' 18 resembles the current trend, indicating a bullish continuation. . . Fundamentals - GM Breweries Limited (NSE:GMBREW) is an Indian company engaged in the manufacture and sale of alcoholic beverages, including country liquor, Indian-made foreign liquor (IMFL), and bulk alcohol. The company operates primarily in the state of Maharashtra, India, and has a market capitalization of around INR 5,570 crores (as of April 12, 2023). 1) Financial Performance: In terms of financial performance, GM Breweries has been steadily growing its revenue over the past few years. In FY2022, the company's net revenue from operations was INR 1,229.38 crores, up from INR 925.59 crores in FY2021, which represents a growth rate of 33%. The company's net profit for FY2022 was INR 180.72 crores, up from INR 130.13 crores in FY2021, representing a growth rate of 39%. The company's profit margins have also been improving over the past few years. 2) Valuation: In terms of valuation, GM Breweries has a price-to-earnings (P/E) ratio of around 13.27x (as of April 12, 2023), which is below the industry average of around 23.27x. This suggests that the stock may be undervalued relative to its peers. The company's price-to-book (P/B) ratio is around 4.15x, which is also below the industry average of around 6.68x. . . This is just a view, please invest at your own risk. . . Follow me for more!
NSE:GMBREWLong
by nilakshgupta
SONACOMS - 90% RETURNS!!!BUY - SONACOMS CMP - Rs 422 Target - 1: Rs. 593 Target - 2: Rs. 806 . . Technical - 1) Bullish Cypher Harmonic Pattern. 2) The stock is at support. 3) Targets have been set using Fibonacci Retracement. . . Fundamentals - 1) Company has opened a new manufacturing plant in Pune. 2) 62.66% YoY growth in EPS. 3) FII holding has increased QoQ. 4) DII holding increased by 8.4% QoQ. 5) The high-value, the high-margin product portfolio is likely to help the company outperform the industry. . . Comment: This chart is for educational purposes only. . . Follow me for more!
NSE:SONACOMSLong
by nilakshgupta
EXIDE INDS - 42% RETURNS!!!BUY - EXIDE INDUSTRIES CMP - Rs. 183 Target - 1: Rs. 212 Target - 2: Rs. 260 . . Technical - 1) Double Bottom Pattern (before breakout). 2) Bullish Flag Breakout 3) Targets have been set using previous swing highs and Gann Fan. . . Fundamentals - 1) The automobile batteries manufacturer has bought 24.80 lakh equity shares in Ulric Renewables, at a price of Rs 80 per share, amounting to Rs 19.84 crore. With this investment, its shareholding in Ulric Renewables stands at 39.08%. 2) Strong annual EPS growth. 3) Growth in Quarterly net profit with increasing profit margin (YoY). 4) PE = 3.39 < SECTOR PE = 5.30 5) FII holding has risen by 1.33% in December 2022. 6) DII holding has risen by 1.7% QoQ. . . This opinion is for educational purposes. I am not SEBI registered and this is not an investment advice. As with any trade, always look first, then leap.
NSE:EXIDEINDLong
by nilakshgupta
IRB INFRASTRUCTURE - BULLISH MOMENTUM!!BUY - IRB INFRASTRUCTURE CMP - Rs. 26 Target - 1: Rs. 34 Target - 2: Rs. 40 Target - 3: Rs. 58 . . Technical - 1) Flat Base Pattern. 2) High Volumes in previous trading sessions indicating potential breakout. 3) Double Bottom chart pattern. 4) Positive breakout at first resistance, LTP>R1. . . Fundamentals - a) The Highway construction company has recorded toll collection at Rs. 369.9 crore for the month of March 2023, growing 20.6% over toll collection in the same month, last year. b) Quarterly EPS has been consistently rising. c) PE = 21 < SECTOR PE = 33 d) Number of MF schemes have risen from 6 to 8 in December 2022 quarter. . . Comment: a) Minimum Return - 28% b) Maximum Return - 116% . . This is only an educational idea. I am not SEBI registered, so don't accept this as investment advice. As with any trade, always look first, then leap. . . Follow me for more!
NSE:IRBLong
by nilakshgupta