Trend Line Break
CARBORUNDUM UNIVERSAL - Swing Trade - 23rd March #stocksCARBORUNDUM UNIVERSAL (1W TF) - Swing Trade Analysis given on 23rd March, 2024
Pattern: FALLING WEDGE BREAKOUT
- Resistance Breakout - Done ✓
- Volume buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
#CARBORUNDUM
Investment pick:-SAILSAIL is on the verge of giving big monthly breakout from trendline.
It is one of the few PSU stocks which have not shown rally in past couple of years.
We can expect huge upside in this stock given the improved profitability and efficiency of the company.
Definitely a must have stock in portfolio if interested to invest in metal sector.
However, metal sector is highly cyclic and have higher risk associated.
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%.
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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.
NIFTY IT Sector Analysis (1W TF) - 16th December 2023#NiftyIT Sector Analysis (1W TF)
Pattern: TRENDLINE BREAKOUT
- Breakout of Resistance - Done ✓
- Major Resistance Breakout - Done ✓
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #india #indiagdp #StockMarketindia
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.
MidCap is at the crucial point. It's a (Tug of War)1) Followed by the SmallCap, MidCap is also under the strong selling pressure.
2) Currently It took the support at the trendline. If It breaks down the level of 45600 & closes below the trendline then It will lead to another 4.5% fall.
3) There's a Probability that MidCap may bounce from it's current level and lead the next uptrend.
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.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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BREAKOUT, HINDUSTAN COMPOSITES, 80% RETURNS!!!BUY - HINDUSTAN COMPOSITES LTD
CMP - Rs. 428
Target - 1: Rs. 549
Target - 2: Rs. 674
Target - 3: Rs. 769
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Timeframe - 4 months - 12 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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