[INTRADAY] #BANKNIFTY PE & CE Levels(15/05/2023) Today will be Flat opening in BANKNIFTY . After opening if banknifty Start trading above 43550 level then possible upside rally of 400-500 points upto 43950 Level. And this rally can extend for another 400 points if it gives breakout of 44050 level. Any Major downside only expected in case banknifty starts trading below 43450 level.
Trendanalyisis
Downtrend channel pattern breakout in ACC LTDACC LTD
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Breakout of downtrend channel Pattern.
📊 Strong Bullish Candlestick Form on this timeframe.
📊It can give movement up to the Breakout target of above 2040+.
📊Can Go Long in this stock by placing a stop loss below 1712-.
[INTRADAY] #BANKNIFTY PE & CE Levels(05/05/2023) Today will be gap Down opening in BANKNIFTY . After opening if banknifty start trading below 43450 level then possible downside rally of 400-500 points upto 43050 Level. Any Major Upside only expected in case banknifty starts trading Above 43550 level.
#NIFTY Intraday Support and Resistance Levels - 02/05/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 18090 level and then possible upside rally up to 18200 in today's session. in case nifty trades below 18070 level then the downside target can go up to the 17960 level.
Bullish pennant pattern reversal in MARICOMARICO
Key highlights: 💡⚡
📊On 1Week Time Frame Stock Showing Reversal of Bullish pennant Pattern .
📊 It can give movement upto the Reversal target of above 520+.
📊There have chances of breakout of Resistance level too.
📊 After breakout of Resistance level this stock can gives strong upside rally upto above 890+.
NFL - 50% RETURNS!!!BUY - NFL
CMP - Rs. 86
Target - 1: Rs. 108
Target - 2: Rs. 130
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Technicals -
1) Price-Volume analysis supported by the cup and handle chart pattern breakout.
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Fundamentals -
1) Financial Performance:
In the fiscal year 2020-21, National Fertilizers Limited reported a consolidated net profit of INR 1,288 crore, an increase of 123% compared to the previous fiscal year. The company's revenue increased by 16.44% to INR 11,118 crore in the same fiscal year. National Fertilizers Limited has a current market capitalization of approximately INR 6,462.44 crore.
2) Future Prospects:
The Indian fertilizer industry is expected to grow in the coming years, driven by increasing demand from the agriculture sector. National Fertilizers Limited is well-positioned to take advantage of this growth, given its strong market presence and reputation in the industry. The company has also been investing in capacity expansion and modernization to stay competitive.
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GM BREWERIES - 70% RETURNS!!!BUY - GM BREWERIES
CMP - Rs. 599
Target - 1: Rs. 810
Target - 2: Rs. 1020
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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.
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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.
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This is just a view, please invest at your own risk.
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BANKNIFY TO 48000!!!Bullish Flag BO in BANKNIFTY indicating further upside.
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Targets have been set using Fibonacci Retracements, with respect to the flag pole as highlighted on the chart.
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Refer to the chart for more details.
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This is just a view, please trade at your own risk.
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EXIDE INDS - 42% RETURNS!!!BUY - EXIDE INDUSTRIES
CMP - Rs. 183
Target - 1: Rs. 212
Target - 2: Rs. 260
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Technical -
1) Double Bottom Pattern (before breakout).
2) Bullish Flag Breakout
3) Targets have been set using previous swing highs and Gann Fan.
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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.
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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.
INDUS TOWERS - 100% RETURNS!!!BUY - INDUS TOWERS LTD
CMP - Rs. 142
Target - 1: Rs. 211
Target - 2: Rs. 254
Target - 3: Rs. 285
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Technicals - 1) Bullish Shark Harmonic Pattern indicating upward momentum.
2) Potential targets or take profit points have been highlighted using Fibonacci Retracement.
3) The stock is at support.
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SUZLON ENERGY - 65% RETURNS!!!BUY - SUZLON ENERGY LTD
CMP - Rs. 7
Target - 1: Rs. 9
Target - 2: Rs. 10.65
Target - 3: Rs. 11.65
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Technicals - 1) Bullish Bat Harmonic Pattern.
2) Targets set using Fibonacci Retracements.
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Comment: Target - 3 will be achieved in 4-8 months.
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