Uptrend
Another Bullish Pennant Ready to Boost Bitcoin up to @10kAnother Bullish Pennant Ready to Boost Bitcoin up to @10k . As mentioned in image the height of Pennant is the next target price , if it breakout. Normally Pennant formation is a continuous pattern, so there are more chances are for breakout in positive direction.
Maithan Alloys - Heating to Shape up - Good Investment (2)Technical: Strong breakout Awaiting
After a breakout from a downward trend line, it strongly went up and then consolidated for a while, now it is showing sign of breaking the strong consolidating, which may take the prices further up to the range of 650-750 levels, with stops at 500.
Fundamental: Undervalued
Market Cap: 1600 Cr.
P/E: 6.2
Debt to Equity: 0.01
Book Value: 285
Price to Book Value: 1.4
1. India's leading manufacturers and exporters of niche valued added Manganese Alloys, Ferro and Silico Manganese, used in manufacturing of stainless steel for enhancement in strength and durability of steel.
2. Provider to prominent domestic clients like Jindal Steel, Tata Steel, SAIL, Arcelor Mittal and to international clients like China Steel, Qatar Steel and more. Exports to 35 countries.
3. Consistent profit and sales growth due product niche in the market with commitment to efficiency and low cost curve.
4. Sales Boost through India's Infrastructure Growth and Housing for 2020 scheme by Govt.
5. Recently, invested 600cr for a new plant setup in Bankura to generate 1,20,000 tone
Overall, a strong management making consistent growth on low debt cost. The company is unvalued as per my analysis and it shall further move up to the price range of 3-4x of book value, which will be around 850-1150 levels.
Any opinions or comments on the same will be appreciated. Regards
Just Dial Down Trend | Trade NiveshJust Dial has denied news reports, and has said there has not been a data breach of 100 million users on its platform. It added, there was a vulnerability on its older version of the app which has now been fixed. The stock is down over 3 percent.
but according to my chart analysis just dial become very bullish share
Uptrend in FBFB formed a double Bottom from 11/18 to 02/19 which was confirmed by the succesful breakout on 14 january. Fueled by the earnings Reports on 30 january FB had a big upside gap. Now we have breakout of the consolidation and so we have further updside potential.
Profit Target 215$, Stop loss 165$
2:1 reward : risk ratio
Ethereum Short/Mid term target ($240)(Personal opinion - NOT A FINANCIAL ADVICE )
Since Bitcoin broke all the recent resistance levels like a hot knife slicing through a piece of butter, we do have a lot of reasons to be bullish on Cryptocurrencies for the mid term.
Dips on $ETH are worth buying and I'd consider levels below $150 to be a good buy . The price-action-squeezing triangle can seemingly breakout either ways so I'm going to be
cautious if the price is not able to maintain the bullish bias in the short term.
Sentiment would soon incline towards "GREED" in no time and we'll see moon boys screaming $10,000 BTC soon.
So beware of that kinda sentiment. I strongly believe we need to retest the lows again in order to maintain a Price - Strength for the next bull run!
Trade with caution and responsibilities, always hedge against your risk and never forget Stop Losses.