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Sundaram Fasteners: Potential Buying OpportunitySundaram Fasteners is currently at a strong support level around ₹1,000, having declined 30% from its all-time high. This presents a potential buying opportunity for investors. Fundamental Points for Sundaram Fasteners (2024): Market Capitalization: Approximately ₹22,566 crore. P/E Ratio: Around 43.26, indicating a premium valuation. Return on Equity (ROE): Approximately 16.33%, reflecting good profitability. Debt-to-Equity Ratio: Low at 0.18, suggesting strong financial stability. Dividend Yield: About 0.64%, providing some income to investors. With solid fundamentals and current pricing near key support levels, Sundaram Fasteners may be an attractive investment opportunity for cautious investors.
NSE:SUNDRMFAST
by DragonFly-Trading
Jaiprakash Power Ventures:Support and Investment InsightsJaiprakash Power is currently at a strong support zone, making it an opportune time for investors to consider entry. There are three entry zones recommended for splitting investments. As a micro-cap stock, it’s advisable to allocate minor capital. Fundamental Points for Jaiprakash Power (2024): Market Capitalization: Approximately ₹12,110 crore. P/E Ratio: Around 8.93, indicating reasonable valuation. Return on Equity (ROE): Approximately 13.68%, reflecting decent profitability. Debt-to-Equity Ratio: Low at 0.33, suggesting sound financial health. Recent Performance: The stock has delivered a profit growth of 39.8% CAGR over the last five years.
NSE:JPPOWER
by DragonFly-Trading
Apollo Tyres: Potential BounceApollo Tyres is currently positioned at a long-term trendline, which may indicate a potential bounce from these levels. Alternatively, investors might consider waiting for the stock to reach ₹440, a strong support level. The price has dropped approximately 20% from its all-time high. Fundamental Points for Apollo Tyres (2024): Market Capitalization: Approximately ₹33,260 crore. P/E Ratio: Around 19.32, indicating reasonable valuation. Debt-to-Equity Ratio: Low at 35.28, reflecting strong financial health. Return on Equity (ROE): Approximately 13%, showcasing effective profit generation. Sales Growth: Increased to ₹25,378 crore in FY 2024, up from ₹24,568 crore in FY 2023.
NSE:APOLLOTYRE
by DragonFly-Trading
Investment Opportunity in Bajaj AutoBajaj Auto is currently trading around ₹8,600, presenting a potential buying opportunity as it has dropped 30% from its all-time high. This price level aligns with strong support, making it attractive for investors. Fundamental Analysis of Bajaj Auto (2024): Financial Performance: Revenue: Increased from ₹33,145 crore in FY 2022 to ₹44,870 crore in FY 2024. Net Profit: Rose from ₹6,166 crore in FY 2022 to ₹7,708 crore in FY 2024. Profitability Metrics: Operating Profit Margin: Improved from 16% to 20%. Earnings Per Share (EPS): Increased from ₹212.5 to ₹272.7. Market Valuation: P/E Ratio: Approximately 31.27, suggesting a higher valuation. Return on Equity (ROE): Strong at 26.43%. Debt Management: Low debt-to-equity ratio of 6.6, indicating sound financial health.
NSE:BAJAJ_AUTO
by DragonFly-Trading
Biggest Trendline Breakdown in BankNifty on Weekly Time Frame In this analysis, we explore a critical development in BankNifty: a major trendline breakout on the weekly time frame. This trendline, originating from the significant lows of 2020, has been a crucial support for the index over the past few years. However, recent price action has resulted in a decisive breakdown, signaling potential bearish momentum. The long-standing trendline, which has provided support since 2020, has been breached. This breakdown marks a pivotal shift in the trend and could indicate the start of a new bearish phase. The breakdown is confirmed by increased selling pressure, as seen in the rising volume. This indicates strong market participation in the move. This breakdown could mark a significant turning point for BankNifty, and it’s crucial for traders to remain vigilant and adjust their strategies to align with the new market conditions. Historical Context: A major trendline that ran from 2016 to 2020 provided robust support until it broke in 2020, resulting in a dramatic market crash of 40-50%. This historical precedent underscores the potential severity of the current breakdown. Disclaimer: This analysis is for informational purposes only and should not be considered professional financial advice. Always conduct your own research and consult with a certified financial advisor before making any investment decisions. Trading in financial markets involves substantial risk and may not be suitable for all investors.
NSE:BANKNIFTYShort
by TheAkshayGaur
EURUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD EURUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Short
by tradergyan01
VISAKAIN: Prepared for a 20% RallyThe chart of VISAKA provides delineates critical price thresholds that signify breakout point, along with specific support level that serve as indicators of where buying interest may manifest. Additionally, the chart highlights regions likely to act as resistance point for future price ascension, allowing for informed decisions on entry and exit strategies. Disclaimer: The information contained in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Investors are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions
NSE:VISAKAINDLong
by NiftyNotions
Time to get CAUTIOUS !!BANKNIFTY can be seen closing below 50000 mark which had been an important support and psychological level, also the major trend line as well demand zone has been broken with formation like inverted head and shoulders structure hence FRIDAY could really be an important day to decide further rally. If managed to close above 50000 then we may see some respite and recover else major selling is expected of more than 3000++ points in coming trading sessions so plan your trades accordingly.
NSE:BANKNIFTY
by Wealthcam
Nifty Intraday Analysis for 9th January 2025NSE:NIFTY Index closed near 23690 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 136.68 Lakh 23800 Strike – 85.63 Lakh 23700 Strike – 81.34 Lakh Put Writing 23500 Strike – 93.82 Lakh 23400 Strike – 71.25 Lakh 23600 Strike – 70.25 Lakh Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24050 range. Index has immediate support near 23600 – 23550 range and if this support is broken then index may tank near 23400 – 23350 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 9th January 2025NSE:BANKNIFTY Index closed near 49835 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 51000 Strike – 16.19 Lakh 50000 Strike – 9.27 Lakh 50500 Strike – 6.16 Lakh Put Writing 50000 Strike – 12.27 Lakh 49000 Strike – 11.97 Lakh 49500 Strike – 6.80 Lakh Index has resistance near 50400 – 50500 range and if index crosses and sustains above this level then may reach near 50900 – 51000 range. Index has immediate support near 49500 - 49400 range and if this support is broken then index may tank near 49000 - 48900 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 9th January 2025NSE:CNXFINANCE Index closed near 23235 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23500 Strike – 0.49 Lakh 23400 Strike – 0.47 Lakh 23700 Strike – 0.47 Lakh Put Writing 23000 Strike – 0.49 Lakh 23400 Strike – 0.34 Lakh 23300 Strike – 0.27 Lakh Index has resistance near 23350 - 23400 range and if index crosses and sustains above this level then may reach near 23500 - 23550 range. Index has immediate support near 23100 – 23050 range and if this support is broken then index may tank near 22850 – 22800 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 9th January 2025NSE:NIFTY_MID_SELECT Index closed near 12560 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12500 Strike – 2.41 Lakh 12700 Strike – 2.38 Lakh 12600 Strike – 2.34 Lakh Put Writing 12500 Strike – 4.62 Lakh 12700 Strike – 2.69 Lakh 12600 Strike – 2.51 Lakh Index has immediate resistance near 12650 – 12700 range and if index crosses and sustains above this level then may reach 12800 – 12850 range. Index has immediate support near 12425 – 12375 range and if this support is broken then index may tank near 12200 – 12150 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Ethereum at a Critical Turning Point: Head & Shoulder PatternEthereum Technical Chart Study Ethereum is showing some interesting price action. It recently took resistance from its resistance zone and is now forming a classic Head & Shoulder pattern—a structure often signaling potential reversals. Currently, the price is sitting right at the neckline of the Head & Shoulder pattern. If this neckline breaks, it could lead to further downside movement. Looking below, there’s some key support to watch: 1. The 2800 resistance zone, which Ethereum broke out of earlier, hasn’t been tested yet. This zone might now act as a strong support if the price moves downward. 2. There’s also a trendline support in play, adding another layer of potential price stability. So, what’s next? If Ethereum breaks the neckline, we could see the price fall towards the 2800 zone or possibly to the trendline support. These are the levels to keep an eye on for the next big move.
CRYPTO:ETHUSDShort
by khanrafat20
BANKNIFTY: Potential Selling Pressure AheadTopic Statement: BANKNIFTY may face selling pressure as the breakdown of the long-term trendline signals a downtrend towards retracement levels which will act as potential support zones. Key Points: 1. The long-term trendline breakdown indicates a downtrend. 2. Retracement levels will be the targets during a correction. 3. Medium-term correction may occur up to the 38.2% retracement level with support around 40,000. 4. Long-term correction may occur up to the 50% retracement level with support around 35,000.
NSE:BANKNIFTYShort
by yogeshwar
Nifty Intraday Analysis for 8th January 2025NSE:NIFTY Index closed near 23710 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 122.43 Lakh 24200 Strike – 111.77 Lakh 24100 Strike – 77.23 Lakh Put Writing 23200 Strike – 92.26 Lakh 23500 Strike – 56.77 Lakh 23300 Strike – 54.14 Lakh Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24050 range. Index has immediate support near 23600 – 23550 range and if this support is broken then index may tank near 23400 – 23350 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 8th January 2025NSE:BANKNIFTY Index closed near 50200 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 51000 Strike – 13.12 Lakh 51500 Strike – 11.99 Lakh 50500 Strike – 5.15 Lakh Put Writing 50000 Strike – 11.89 Lakh 51000 Strike – 10.59 Lakh 50500 Strike – 6.21 Lakh Index has resistance near 50400 – 50500 range and if index crosses and sustains above this level then may reach near 50900 – 51000 range. Index has immediate support near 49700 - 49600 range and if this support is broken then index may tank near 49100 - 49000 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 8th January 2025NSE:CNXFINANCE Index closed near 23430 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 24000 Strike – 1.07 Lakh 23800 Strike – 0.45 Lakh 23500 Strike – 0.44 Lakh Put Writing 24000 Strike – 1.16 Lakh 23500 Strike – 0.88 Lakh 23800 Strike – 0.61 Lakh Index has resistance near 23500 - 23550 range and if index crosses and sustains above this level then may reach near 23700 - 23750 range. Index has immediate support near 23250 – 23200 range and if this support is broken then index may tank near 23100 – 23050 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 8th January 2025NSE:NIFTY_MID_SELECT Index closed near 12740 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 13000 Strike – 7.19 Lakh 12800 Strike – 4.95 Lakh 12700 Strike – 2.07 Lakh Put Writing 12800 Strike – 5.24 Lakh 13000 Strike – 4.88 Lakh 12700 Strike – 2.87 Lakh Index has immediate resistance near 12800 – 12850 range and if index crosses and sustains above this level then may reach 12950 – 13000 range. Index has immediate support near 12650 – 12600 range and if this support is broken then index may tank near 12500 – 12450 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA