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BOROSIL RENEWABLES AnalysisWhat s up Traders, Stock Of the day : Borosil Renewables (D) Borosil Glass Works manufactures scientific ware items and consumer ware items *Technicals : Triangle pattern breakout Aggressive Traders Can Enter right at the moment with SL below the candle Conservative Traders can wait for a retest near 500 price level.. Stock has given a nice momentum of 15% in 3 days *Fundamentals: Current price is more than intrinsic value P/E 77.5 Over the last 5 years, revenue has grown at a yearly rate of 2.32%, vs industry avg of 0.68% NSE:BORORENEW
NSE:BORORENEWLong
by honey_nainwani
ASALCBR is a good Medium Term BetASALCBR Associated Alcohols & Breweries Ltd Chart Structure: - After listing in Feb'20, the stock is in an upward trend since Mar'20 - Stock right now is consolidating after making an All-Time High. - During the consolidation, the stock has taken support multiple times near previous resistance and Avg. Buy price of last Huge Accumulation. Volatility Contraction: - In Day TF, price is forming a triangle pattern. - Stock's Volatility is contracting. As before it was pushed down 20% after making ATH. - Stock rose up again from the support area, and this time it was pushed only 11% down, hence creating a Triangle Pattern. Relative Strength: - Stock is outperforming its sector & Nifty50 in 3m, 6m & 1y TF. It is underperforming in lower tf due to stock being in consolidation. - Stock has turned RS+ again on 8th Oct and is keeping above Laxman Rekha. - Spread chart of the stock has formed a triangle pattern and is near a breakout. Volume Activity: - Stock saw huge Volume Activity from 4th to 12th October 2021. - In that period 14.76 lac shares were delivered with an average of 1.84 lac shares/day with an average buying price of 548/- - Previous average deliveries were 37k shares/day. Financial Performance: - Stock beat its QoQ & YoY Quarterly numbers in Q2. - Sales Growth +50% QoQ & +21% YoY - PBT Growth +36% QoQ & +6% YoY - EPS Growth +41% QoQ & 8% YoY Fundamental Notes: - The company plans to expand its capacity from 45 MLPA to 90 MLPA. The project is expected to be completed by June-2022. That means the Co. will see the double output in 7-8 months. - Company Distil, Blend, Bottle & Market are some of the key brands of United Spirits such as Bagpiper, Blue Riband, Flavored Mischief, Director's special gold & McDowell's Rum. - The contract of this franchise has been extended up to April 2025. - Some other brands which are produced under contract manufacturing are Black Dog, Vat 69, Black&White, McDowells, Royal Challenge, Signature, etc.
NSE:ASALCBRLong
by AmanSaraf
Banknifty Ascending Triangle Breakout ?Hello Traders, More possibility of market opening Gap-up to Flat. Is Banknifty ready for Breakout ? Please trade accordingly to your understanding. This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis and do share with your friends as well.
NSE:BANKNIFTY
by kiranrshinde
CDSL - Seems ready for the next burst up?Category: Triangle Breakout Key Highlights: 1. Bullish market structure on HTF. 2. Bullish flag and pole/triangle pattern consolidation happening. 3. Bullish volume is higher and weak non-patient hands are getting out. 4. Direct beneficiary of the increased equity share. Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk. Abhishek Singh (@Abhishek_TradersSin) ~ Middle-class IT Employee trying to simplify Technical Analysis. ~ Do follow and like if you like the work.
NSE:CDSLLong
by Abhishek_TradersSin