CANFINHOME (Ready For 1000)CANFINHOME has given a trendline breakout on the daily chart. The level of 900, 950, 1000, and 1100 could be achieved in the coming few days. The stop loss can be placed at the low of the current candle (2nd Feb), which is at 799 level.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
Trend Line Break
Bank Nifty Expiry Trade Analysis!
As mentioned earlier post that might be today will be trend day or same tight sideways and it happend market didn't moved to new direction.
market players want to stop out as many players as possible before a breakout it started with morning flase break out then all went in a range
Bulls are facing strong resistance as they failed twice to break 45600 level and got weaker in later sessions
If open below 45200 then sellers will be strong
Resistance : 45600,45700
Support : 45200,44900
WARDINMOBI WARDINMOBI .
break out trendline with retested wait for Entry .. after entry targets are opens for All. Most Of time i try to share breakout stock own my study .
look at on chart going lower low lower high change scenario make higher high wait for break previous high then enter .
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FINOPB Long- Looking good for 300+FINOPB Long- Looking good for 300+.
10 SMA has crossed 20 SMA
MACD cross over happened.
and current price above 200 EMA with good volume.
With SL of 260. Hold stock for 300. T1 & 350 T2
I'm not a SEBI registered, this is for educational purpose, please do your own analysis and calculate your risk and enter taking positions.
A stock for momentum traders!Quickheal has given a trendline breakout today with very heavy volumes.
Stock has also managed to close above 61.8% fib retracement which clearly indicates a strong buy signal.
However, the SL for positional traders is very far below 230 DCB. A retracement is favourable for short term traders. Best buy level can be 250-255 for targets of 330+.
However, risky momentum traders can look for quick 5% returns at CMP. Stock might touch 295 levels in this momentum.
Idea shared for educational purposes!
Raymond is looking to Fly the Sky #SuperChartzKey levels:
Support: 1800 on a closing basis
Resistance: 1920, 1980, 2080, 2185
Description:
Fundamentals:
Business Overview:
Raymond Limited, established in 1925, is a diversified group with interests in Textile & Apparel sectors, Real Estate, FMCG, Engineering, and international markets.
It is a leading vertically and horizontally integrated manufacturer of worsted suiting fabric globally.
Business Segments Post Demerger:
The company will focus on Real Estate, Engineering, and Denim (Joint Venture) while retaining its flagship brand, Raymond.
Brands:
Notable brands include Raymonds, Colour Plus, Parx, Park Avenue, and new ventures like Ethnix.
Strong retail presence with 1,638 stores, including 49 overseas stores in nine countries.
Revenue Mix FY23:
Branded Textile: 40%
Branded Apparel: 16%
Garmenting: 13%
High-Value Cotton Shirting: 9%
Engineering: 10%
Real Estate: 13%
Joint Ventures:
Raymond UCO Denim (JV) manufactures specialty ring denim with a capacity of 56 million meters per annum.
FMCG presence through Raymond Consumer Care (50% JV) in personal hygiene products.
Raymond Realty:
Started real estate business in 2019, with planned development on 20 acres, receiving significant booking values.
Financials and Debt Reduction:
Market Cap: ₹12,351 Cr.
Debt reduced to ₹689 Cr. as of FY23.
The company sold its FMCG business, reducing debt and becoming cash surplus.
Demerger:
Demerger of core Lifestyle business ongoing since 2019, aiming for two independent, debt-free entities with significant liquidity surplus.
Technicals:
Stock Performance:
Current Price: ₹1,855
High / Low: ₹2,240 / ₹1,093
Stock P/E: 7.51
Financial Ratios:
ROCE: 21.4%
ROE: 22.9%
Debt to Equity: 0.82
Price to Earning: 7.51
Market Performance:
Return over 3 months: 2.35%
Return over 3 years: 75.5%
Enterprise Value and Sales:
EV/EBITDA: 6.53
Enterprise Value: ₹15,469 Cr.
Sales: ₹8,343 Cr.
Miscellaneous:
Book Value: ₹630
Dividend Yield: 0.16%
OPM: 13.9%
Price to Book Value: 2.95
EPS: ₹227
Industry PE: 35.3
Return on Assets: 7.86%
Current Ratio: 1.77
In short, Raymond Limited demonstrates strong fundamentals with diversified business segments, successful brand portfolio, and strategic moves like demerger and debt reduction. Technically, the stock shows stable financial performance, moderate valuation, and positive market returns.
RUCHIRA : Breakout Candidate📌#ruchira : #breakoutstocks
>> Momentum Building up
>> Volume contraction visible
>> Beautiful VCP Structure
>> Good Strength & decent Volumes
Swing Traders can lock 10% profit & keep trailing
#swingtraders #trading #vcppattern
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Anupam Rasayan - Inverse H&S Breakout on Weekly ChartChart patterns are the most loved trading strategy among traders. There are different kind of patterns traded in stock market. One of which is inverse head and shoulder - a trend reversal pattern. Upon formation of this pattern the stock trend get reversed. Generally if the stock is in consolidation phase then this pattern is seen.
Now here I have observed inverse head and shoulder pattern formation in one of the chemical manufacturing company in India named Anupam Rasayan India Ltd. On closely observing the chart, I found that the stock is in downtrend since May 2022 after making a high of 1234 and remain in downtrend till Oct 2023. Now the fresh uptrend in the stock is supported by inverted head and shoulder pattern which signifies that the stock can continue the uptrend in coming months.
The targets for this stock can be found by projecting the depth of head just after the breakout which comes around 1320. Also the stop loss for this trade can be put at the depth of right shoulder which is around 990.
Disclaimer: The stock shared is only for educational purpose and does not hold any buy or sell recommendations.