How to decide Long Term Investment in WIPROThis is how I decide whether is it the right time to invest or not in this stock
1. Price to Earning (PE) - One of the best indicator to quickly decide to whether we need to go in further analysis or not. Any Nifty50 stock if you get the PE average near 15 to 20 would be the ideal time to invest. Currently, PE has fallen from 32 (between Sep-21 to Dec-21) to 20. Would still wait and watch how it performs in next week.
2. AWAP - This is an excellent tool to know what is the current value of stock with respect to a reference Low in history. If you plot AWAP at low of COVID-19 in March-20 and low of 2008 Market crash you can say that best time to invest would be between 428 and 263. The highlighted box would be my target zone for investment in upcoming days.
3. Support and Resistance - If you observe carefully WIPRO is having its major support and resistance around the square of odd number series i.e. 1^2, 3^2, 5^2, 7^2, 9^2.... and so on. With this important observation my target would be to invest 40% around 19^2 support and further 60% around 17^2 support (if it breaks the low of 19^2 support, if not then 60% around 21^2).
Value
BELBEL
Picture perfect setup for short Sell
Symmetrical triangle at verge of Break down.
Two ways to play can short now @228 and add more shorts after confirmation.
or wait for break down below triangle.
Stop loss if closing again inside triangle
It's a swing to positional trade for positional targets are big.
Positional Target - 205
Swing Target - 215
#invest @vivek_mashrani @vivek_mashrani @Shorting @forextidings @Tredingview @tradingview_
GMDC A good turnaround co. Reason for long
1. good revenue growth, 6 operational lignite mines, 6 more to be added. they will do more 10mton in FY22
2. great margins 40+++
3 No debt
4. Huge Lithium-ion deposit in State of Gujrat. Very high potential.
5. Dividend % & expect a bonus in couple of years.
personally too bullish, I have the right to be wrong.
DIS- Invested. long-term Portfolio stock.
No recommendation, just for learning/edu purpose
not a SEBI reg .
HUGE Weekly CUP and handle formation on the DXY chartThe DXY chart shows the value of the Dollar against all assets, it is said that if the value of the dollar goes up the value of assets goes down and vice versa.
If this plays out we can expect some red days around all assets.
I hope it doesn't play out, else 2022 will be a bear market.
E-Commerce Aggregators IndexThere was humongous craze of some of the IPOs which came last year like Paytm, Zomato,Policybazar etc. But the primary concern was always high valuations of these loss making startups. In the meantime from November 2021 these companies have eroded great wealth of their investors.
I made an index to track performance of so called web or app based aggregators. Say we are in year 2035 and some of these companies are producing huge profits and have become giant entities. This index will track the stock performances of these companies.
I have kept the base price of Index at ₹1500 and base date as 6 May 2022.
As it is clear from the chart they have underformed nifty by almost 40%. But that is in past and let us see how they perform in future.
Company name its weightage in index and buying price is shown below. E.g. Nykaa have been allocated ₹300 out of ₹1500 and matrimony.com have been allocated ₹30 in the index.
Nykaa 20% @₹1539
Naukri 20% @₹3898.05
Zomato 15% @₹60.50
Paytm 15% @₹568
Policybzr 10% @₹617
Indiamart 7% @₹4418.7
Easy trip 7% @₹385
Justdial 4% @₹751.45
Matrimony 2% @₹737
triangle pattern trade setup industower : cmp 212.95
trade setup :
1. buy up to 208
2. keeping 190 as stop loss on closing basis
3. for targets : 227 / 237 / 253 / 269 / 278 / 307 / 332+
technical setup:
1. triangle pattern formation
2. price trading at good value
3. its in weekly consolidation phase and side ways movement .
4. strong base support formation seen at 192 with multiple bounce back trades
5. strong triangle trend line breakout trade above 227 expected too .
6. volume is dry during selling and consolidation phase .
note :
suited for short term trade
based on volume & technical aspect
Godrej Properties looking Good for Long Term BuyPrice is at Strong Demand Zone.
Price is the testing this major resistance turned support for the first time, so major probability is it will not break, unless there is some insider news about the company fundamentals.
Can be accumulated for Long term at this Discounted Price in the Demand Zone, as it is a Strong Fundamental Company.
PS- I am not SEBI Registered. Views are for personal reference.
Bullish Harmonics Positional Value PickMGL cmp 856
trade setup:
1. cmp 856 buy up to 842
2. keeping stop loss as 778 on closing basis
3. for targets : 886/936/973/1002/1030/1083+
technical buy based on :
1. bullish harmonics
2. fibonacii reversal .886 levels
3. strong multiple horizontal support
4. value pick in sector
note: stock can be bought for long term time frame .
keeping in technical reversal setup placed in stock .
highly oversold indicators in stochastic RSI also .
Little Champs IndexThe following index is made from small cap stocks from the Marcellus Little Champs portfolio. The base price is kept at 10000 and the base date is kept as 8th December 2021. There are 10 stocks each having 10% weightage. Stocks are
1.Garware Technical Fibres
2.GMM Pfaudler
3.Galaxy Surfactants
4.Mas Financial
5.Amrutanjan Health
6.Mold Tek packaging
7.Suprajit Engg
8.Vmart
9.LaOpala
10.Lumax Industries.
There are some more stocks such as Ultramarine, DCB Bank etc.
This index has performed in line with the BSE Smallcap index in last 2 years. It will be interesting to see how things go from here after a great rally in Smallcap universe.
#BLOKTOPIA CHART BULLISH!!! #METAVERSEAs you guys know right now there is a trend of metaverse coins and this coin is fundamentally strong, in this you can build your virtual office and all things virtual. And big thing is binance, kucoin etc. also purchased virtual office in there virtual world.
And right now chart is forming bullish flag pattern which is bullish pattern and if this pattern break outs than it will easily reach its all time high and take profit targets are given in chart and always buy in DCA method.......
If anyone wants any crypto chart analysis can comment below.......
10000 soon in Maruti?Maruti has build its reputation as India's no. 1 automobile company. Some people are doubting that in the transformation to EV phase it may lag behind other players. But they forget that this company is master in knowing the demands and needs of Indian consumers. So either Maruti takes its time in EV and then surprise everyone or Maruti can be the new Nokia? I am of the former opinion.
bullish harmonics value addition!vakrangee ltd :
1. buy in range 29 to 24
2. keep stop loss as 17 on closing basis
3. targets : 37.55 / 43.65 / 50 +++
technical buy based on :
1. bullish harmonics
2. fibonacii retracement levels 78.6% to 88.6%
3. value buy
4. support / demand zone
note :
stock is on a continuous downtrend since recent high from december 2020
and has reached good bullish reversal zone & bullish harmonics pattern seen in.
stock can be added on as good value pick for long term investment pick.
Coal India Triangle Formation on Weekly & Daily TimeCoal India is near a triangle pattern breakout.
CMP 148
Buy above 155
SL 130
Target 205
Duration 3-4 Months
Fundamental Snapshot:
PE Ratio - 6.64
Debt Equity Ratio - 0.16
ROCE - 46.1%
ROE - 37%
Dividend Yield - 10.16%
Operating Profit & EPS - Rising YoY