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Trendcontinuation

IRCTC - Fundamentals and TechnicalsHi there, Let’s consider a few facts and figures of IRCTC: Fundamentals: 1. The company is already in midcap with Market Cap of Rs.30,527 Cr. 2. Company has a good return on equity (ROE) track record: 3 Years ROE 33.62%. 3. Company has been maintaining a healthy dividend payout of 52.41 4. ROCE - 62.8% and ROE - 44.1%, which is very very impressive. 5. Company is Completely DEBT free with 0 debt in balance sheet. 6. Topline and bottom line both very impressive, constantly growing except last year and that is because of covid issues, lockdown impacted many businesses. 7. Monopolistic business model. Technicals: 1. Long term chart is in Uptrend. 2. Currently trading at 1894 which is above 50, 100 and 200 Days Moving Average (DMA). 3. Volume has increased substantially since Dec 20 (as indicated by arrows at the bottom), this shows that huge accumulation is going on. Considering all the points mentioned above, it’s a very wise decision to invest in this stock from long term perspective. This should be one of your portfolio stock. Old Buy - HOLD tight and enjoy the ride :) Fresh Buy - At CMP The stock will easily double and triple from here, all you need is a little patience. Remember: Never invest more than 5% of your capital in any single stock. Please get in touch in case of any question or concern. Happy Investing, thanks!
NSE:IRCTCLong
by ShareMarketSchool
2
Short USDINR Downtrend Continuation Day 2Sometimes simplicity is just the key to success. Previous Channel and Current pattern in downtrend confirmed a bearish continuation again. This post is just to encourage you that you can earn with just simple analysis. A 'Symmetric Triangle' breaking downside in a downtrend confirms that bulls have been tired and couldn't take the price up again. This is a confirmation for Downtrend Continuation . With this knowledge and waiting for a price action on charts can give you better results. RSI also gave a confirmation which increased the probability of success. You do not need advanced knowledge about indicators and patterns for this. Analyse the given Entry point, SL, TGT, S&R . Most importantly just try to Trail SL below your entry point whenever possible. #Tgt1 achieved easily and RR more than 1.5 (PS: Couldn't post earlier due to technical isuues) This explanation is only for educational purpose and isn't any kind of recommendation. Don't take any action based on this explanation itself. Consider your financial advisor before taking any trades. Thanks for your time. Happy Trading and Learn something new Everyday.
UEducation
by Trader_Tech
GRASIM | Weekly Trendline defining termsStock exhibits sustained weakness in Weekly time frame. Falling Trendline holds valid and rejections have been pretty strong whenever the stock hits it. Currently the stock has hit the Trendline again wherein we could also spot 38% FIB retracement adding strength to the resistance. Though the above points guides us to take a strong bearish view, we need to be aware of recent higher low formed which might be an indication of Bulls putting a little fight and bear trend losing momentum. That takes us to the point where in a break below the recent rising Trendline or a break below 810 level could cancel out any weakness for Bears. Considering the overall picture, the stock still inclines in favour of Bears and a break below 810 will only make the case stronger. Alternatively, a Weekly close above 930/950 levels might indicate a long term trend reversal in favour of Bulls.
NSE:GRASIM
by AkhilSuryaFS
Maruti – Inverted Flag BreakdownMaruti has been in a strong Bearish trend since July 23, 2018. The stock tried to hold 6900 levels for almost 3 weeks before breaking down further. I can see a breakdown of an Inverted Flag pattern here. Good opportunity to short for targets of 6600 and 6200 with a stop loss just above 6900. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
NSE:MARUTIShort
by nano6yogesh
Nifty Pharma – Start of another rally ?After an explosive move from ~ 8000 to ~ 9500 levels, Pharma index NSE:CNXPHARMA went into consolidation. I think this was a correction within a bigger rally and we have more upside on cards. I can see that Nifty Pharma has taken support at 50% retracement of the previous rally and formed a large Bullish candle. Many Pharma stocks like Aurobindo Pharma, Sun Pharma and Glenmark are showing signs of reversal. Good opportunity to go long on Pharma stocks with a small stop loss. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
NSE:CNXPHARMALong
by nano6yogesh
Escorts – Downtrend resumes ?After a good recovery from the lows of 822 to 900, seems like the downtrend in Escorts NSE:ESCORTS may not be over yet. The Auto index NSE:CNXAUTO appeared extremely Bearish today forming an Evening Star pattern. I can see that Escorts has formed an Evening Star like pattern as well and has reversed in the 50%-61.8% retracement zone of the previous downmove. Looks like the stock is heading back to 836 levels. Good opportunity to sell calls here with stop loss at 900. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
NSE:ESCORTSShort
by nano6yogesh
1
Mindtree – More pain on the way ?With both Nifty NSE:NIFTY and Nifty IT NSE:CNXIT indices looking weak, more pain seems to be on the way in certain stocks. Many IT stocks appear to have formed an intermediate top today. I can see that Mindtree NSE:MINDTREE has formed an Evening Star pattern with a large Bearish candle today. Good opportunity to go short with a small stop loss for a first target of 902. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
MShort
by nano6yogesh