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Trend Line Break

#Schaeffler is leading the Auto Industries #SuperChartzKey Levels: Support: 3050 Resistance: 3233 3333 3433 3733 Description: Overall Performance: Sustained growth in Q3 and nine months of 2023 in both top-line and bottom-line. Robust GDP growth in India, particularly in sectors such as steel, cement, and commercial vehicles. Mixed performance in the automotive sector, with passenger vehicles and commercial vehicles showing growth while two-wheelers remain flat. New Business Wins: Significant new business wins in the automotive sector, especially in commercial and passenger vehicles. Diversification into industrial divisions with wins in industrial automation, railway, and two-wheeler sectors. Revenue and Business Mix: Positive growth in domestic segments, contrasting with export business facing challenges due to weak demand in Europe and China. Export decline attributed to external demand issues rather than internal inventory challenges. Financial Performance: Strong earnings quality with sustained EBIT margin and profit after tax margin. Emphasis on working capital management and cash flow generation. Other income growth driven by interest income from old refunds and improved yields on cash. Growth Outlook and Operations: Targeting minimum double-digit growth with capex supporting growth realization. Seasonal dip in Q3 automotive aftermarket revenues, with expectations of a bounce-back in Q4. Continued focus on organic growth and strategic expansion in the Indian market. Manufacturing plants operating at over 80% utilization, with new plant construction underway but no relocation plans.
NSE:SCHAEFFLERLong
by SuperChartz
1
ADANIPOWER - AnalysisAdani Power Limited is a holding company engaged in providing electric power generation by coal-based thermal power plants and coal trading. Financials: TTM EPS: 27.81 TTM PE: 10.01 P/B: 5.74 Face Value: 10 Mkt Cap (Rs. Cr.): 107,415 Sector PE: 14.22 Book Value Per Share: 48.49 News: Adani Power, the Adani group company, on Thursday(03/08/2023), had posted a net profit of ₹8,759 crore for the first quarter of FY24, registering a robust growth of 83% from ₹4,780 crore in the same quarter last year. Positives: Strong Momentum: Price above short, medium and long term moving averages Company with high TTM EPS Growth Strong Annual EPS Growth Efficient in managing Assets to generate Profits - ROA improving since last 2 year Growth in Net Profit with increasing Profit Margin (QoQ) Growth in Quarterly Net Profit with increasing Profit Margin (YoY) Increasing Revenue every quarter for the past 3 quarters Increasing profits every quarter for the past 2 quarters Annual Net Profits improving for last 2 years Book Value per share Improving for last 2 years FII / FPI or Institutions increasing their shareholding Negatives: Companies with High Debt Inefficient use of shareholder funds - ROE declining in the last 2 years Rising other income, and low operating income Declining Net Cash Flow : Companies not able to generate net cash NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
NSE:ADANIPOWERLong
by babutaaniket
Get Ready for a surprise timing from #Timken #superchartzKey Levels: Support: 2950 Resistance: 3130 3250 3300 Description: Fundamentals: The recent actions taken by Timken to significantly reduce its debt load and achieve almost debt-free status have profound implications for the company's fundamental strength: Financial Stability: The reduction in debt enhances financial stability, lowering interest expenses and overall financial risk. A financially stable company is better equipped to withstand economic challenges and uncertainties. Cash Flow Improvement: Lower debt levels contribute to improved cash flow, enabling the company to allocate resources for growth initiatives or return value to shareholders. Enhanced free cash flow is a positive signal for potential future investments or strategic decisions. Credit Profile Enhancement: Reduced debt typically leads to an improved credit profile, potentially resulting in higher credit ratings and lower borrowing costs. A strengthened credit profile can instill confidence in investors and lenders alike. Financial Flexibility: Being almost debt-free provides the company with significant financial flexibility, allowing for strategic decisions without the constraints of heavy debt obligations. Financial flexibility positions the company to capitalize on opportunities and navigate market dynamics effectively. Investor Confidence: Investors often favor companies with low or no debt, viewing them as more stable and secure investment options. Almost debt-free status can attract a broader investor base seeking companies with strong financial health. Technicals: The technical analysis of Timken's stock reveals a notable breakout, signaling a potential shift in its price dynamics: Trend Reversal: The break of the trend line indicates a potential reversal in the stock's previous direction. Investors may interpret this as a bullish signal, suggesting a change in market sentiment. Preparing for New Highs: The breakout suggests that Timken is gearing up for new highs, reflecting positive momentum. Investors and traders often take note of such signals as they consider potential profit opportunities. Technical Confirmation: Breakouts are significant technical signals that confirm a change in the stock's trend. Technical analysts may interpret this as a buy signal, potentially attracting more traders and investors to the stock. Synergy with Fundamentals: The technical breakout, when combined with improved fundamentals, creates a synergistic effect. Strong fundamentals provide a foundation for potential growth, while technical signals attract a diverse range of investors, contributing to overall market confidence. Market Perception: Positive technical developments can shape a favorable market perception, drawing attention from both value and momentum investors. The combination of strong fundamentals and a technical breakout positions Timken as a potentially attractive investment opportunity in the eyes of the market. Investors should consider both technical and fundamental factors, conducting thorough research, before making informed investment decisions.
NSE:TIMKENLong
by SuperChartz
6
#DataPattns is getting ready for a big reversal #SuperChartzKey Levels: Support: 1900 CL Resistance: 2000 2100 2300 25000 Technicals: Support and Resistance Levels: Support: Key support is identified at 1900 INR, providing a strong base for potential reversals. Resistance: Notable resistance levels are observed at 2000 INR, 2100 INR, 2300 INR, and 2500 INR. The current price trend indicates stability, with potential bullish signals upon breaking resistance levels and bearish signals if support levels are breached. Fundamentals: In Q2, Data Patterns (India) Limited reported revenues of Rs 1,083 million, meeting expectations and reflecting a 23% YoY growth. The order book expanded to Rs. 10 billion, with order inflows at Rs 1,445 million. The company has successfully reduced its debt, positioning itself as almost debt-free. This financial strength enhances its stability and resilience in the market. Over the last 5 years, Data Patterns has achieved a remarkable profit growth of 151% CAGR. The anticipation of a strong quarter further contributes to the positive outlook. The company maintains a healthy dividend payout of 19.9%, demonstrating a commitment to shareholder value. Data Patterns (India) Limited appears sound both fundamentally and technically. The strong financial performance, prudent debt management, and positive technical indicators make it an interesting prospect for investors. However, careful monitoring of key support and resistance levels is advised for timely decision-making.
NSE:DATAPATTNSLong
by SuperChartz
1
Identifying Institutional footprints using Wyckoff AccumulationHere I am using 63Moons monthly chart to explain how Wyckoff Accumulation works. The Wyckoff Accumulation has 5 major phases. Phase A - Stopping the previous trend Phase A marks the stopping of prior downtrend. The Preliminary Support(PS) indicates that some buyers are showing up but still not enough to stop the downward move. The Selling Climax(SC) is formed by an intense selling activity as investors panic. This is a point of high volatility where panic selling creates big candlesticks and wicks. The strong drop then quickly reverses into a bounce also known as Automatic Rally(AR) as excessive supply is absorbed by buyers. The Secondary Test(ST) happens when the market drops near the SC region testing whether the downtrend is really over or not. At this point the trading volume and volatility tend to be lower. ST generally forms at or above the same price level as the SC, if the ST goes lower than that of Sc one should anticipate new lows or prolonged consolidation. The lows of the SC and the ST and the high of AR set the boundaries of the trading range(TR). Phase B - Building the cause Phase B serves the function of building a cause for new uptrend. Basically the idea is that something cannot happen out of nowhere, that to see a change in price a root cause must first have been built. Generally causes are constructed through a major change of hands between well informed & uninformed operators in an anticipation of the next markup. This institutional accumulation takes a long time sometimes more than a year. As institutions do their due diligence and take their required positions. There are usually multiple STs during Phase B as well as upthrust type actions near the upper range of TR. Early on in Phase B the price swing tends to be wide and accompanied with high volume. As professionals absorb the supply the volume on downswings within the TR tends to diminish. When it appears that the supply is likely to have been exhausted the stock is ready for Phase C. Phase C - Test In Phase C the stock price goes through a decisive test of the remaining supply. In Wyckoffian Analysis a successful test of supply is represented by a spring(shakeout). A low volume spring(or low volume test of a shakeout) indicates that the stock is likely ready to move up. A spring is a price move below the support level of the trading range (which is established by low of STs in Phase A and B) that quickly reverses and moves back to TR. The spring action is very important and ideal because the greater the movement, the more liquidity you will be able to capture and there the more gasoline the subsequent movement will have. Phase D - Trend within range Phase D consists of breakout and confirmation events. After the shakeout event the price should now develop a clear trend movement within the range with wide candles. This is evidenced by a pattern of advances known as Signs of Strength(SOS) on widening price spreads and increasing volume as well as reactions (Last point of Support LPS)on smaller spreads and diminished volumes. During Phase D the price will move at least to the top of the Trading range. LPS in this phase are excellent places to initiate long positions. Phase E - Trend out of range In Phase E the stock breaches the trading range. This phase consists of impulsive and reactive movements and some shakeouts which are short lived. The price here abandons the structure upon which the cause has been built previously and begins a new trend as an effect of the same. Coming to the chart of 63 Moons any pullback near 180-160 is an excellent place to initiate positions. The Phase E is gonna start soon in this scrip. Hope you liked my analysis.
BSE:63MOONSLong
by nishant_bhatt
12