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Trend Line Break

Buy SDBL (Som Distilleries) Targets 20-30%Purchase SDBL within the price range of 250-275. Set targets at 300, 340, and 380, adjusting for the split by dividing by 5. If the price surpasses 390, the all-time high target will be adjusted to 440. Hold the investment for 3-4 months, specifically until the peak of summer. -------------------------- Company News:---------------------------------- In a post-market exchange filing on Wednesday, the liquor manufacturer announced that its Board of Directors will convene on Tuesday, April 2, 2024, to deliberate and sanction the sub-division/split of the company's existing equity shares. -------------------------- Company Overview:---------------------------------- SDBL stands out in the market due to its diverse range of alcoholic beverages, including beer, rum, brandy, vodka, and whisky. Notable brands under its umbrella include Hunter, Black Fort, Power Cool, Woodpecker, Genius, and Sunny. --------------------------Technical Analysis:-------------------------- The stock exhibits a pattern of rising during summers and cooling down in winters, indicating a potential for historical repetition. Backtesting over the last 3-4 years confirms this trend. --------------------------Fundamental Analysis:-------------------------- - Shareholding: Promoters' holdings increased from 34.5% to 34.73% as of December 2023. - Financial Performance: The company has sustained profitability over the last 2-3 quarters, with earnings averaging between 15-20 crores per quarter. Although there's a slight decline compared to June 2023, anticipating an upswing in prices following the June-July quarter results, potentially yielding returns of 20-30%. ------------------------------------------------------------------------------------------------------------ Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
NSE:SDBLLong
by NaveenTTR
3
LIChsgfinance showing reversal signsHousing finance sector is looking very positive considering the tapering effects of recession and inflation data. PNBHsg finance has already skyrocketed post breakout. Lichsg finance is a good fundamental stock which is looking a good positional trade. This idea is not a recommendation and is shared only for educational purposes. You can also study stocks like aptus hsg finance, ibull hsg finance, HUDCO which are showing similar trend.
NSE:LICHSGFINLong
by chartistamey
NIFTY DAILY - 13/3/2024Nifty open with gap up opening and bulls didn’t survive in the market and bear took control and made days low that is 21905 level. Nifty has broken the trend line support and formed a red big candle with upper and lower shadow. MACD is giving Crossdown. 90% of the candle is below the 9 days Exponential Moving Average line. Index has broken the support level which was 22272 so, further support will be 21791 level with resistance of 22115 level. Today’s Advance Decline ratio of NIFTY50 Advance - 6 Decline - 43 FII Sell – 4595.06 crore DII Buy +9093.72 crore ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23