AURUM PROPTECH - Swing Trade Analysis - 3rd August #stocksAURUM PROPTECH (1W TF) - Swing Trade Analysis given on 3rd August, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Weekly Resistance Zone Breakout - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
Volumeanalysis
Thyrocare Technologies in Buying Zone with Strong Sales GrowthNSE:THYROCARE Thyrocare Technologies has shown a strong breakout after a long period of consolidation, supported by robust sales growth and consistent profitability. The stock is in a buying zone with strong volume, presenting a promising opportunity for investors.
Fundamentals:
Strong sales growth
Good dividend player
Consistent profitable growth
Technical:
Strong volume peak after consolidation, indicating potential buying interest
Stock is in a buying zone
May retest, so consider buying in small lots
Good liquidity
IDBI BANK - BREAKOUT WITH HEAVY VOLUMEHi All,
This idea is about IDBI Bank Ltd
Price action has given a strong breakout with very heavy volume which indicates institutional buying. Even the shareholding pattern indicates increase in FII and DII buying with lesser retail participation
Good profit growth of 19% CAGR over last 5 years with a healthy dividend payout of 19%
Increase in Reserves which indicates higher Book Value and fairly valued at 17.8 PE
Other fundamentals
Market Cap
₹ 1,12,062 Cr.
Current Price
₹ 104
High / Low
₹ 107 / 57.8
Stock P/E
17.8
Book Value
₹ 47.5
Dividend Yield
1.44 %
ROCE
6.23 %
ROE
11.8 %
Face Value
₹ 10.0
Equity capital
₹ 10,752 Cr.
No. Eq. Shares
1,075
EPS
₹ 5.85
Promoter holding
94.7 %
Change in Prom Hold
0.00 %
Chg in Prom Hold 3Yr
0.00 %
Pledged percentage
0.00 %
Market Cap to Sales
4.27
Sales growth
15.1 %
PEG Ratio
0.94
EVEBITDA
17.4
Quick ratio
2.23
Trade receivables
₹ 0.00 Cr.
Sales
₹ 26,252 Cr.
Debt to equity
5.77
Price to book value
2.19
Free Cash Flow
₹ -1,448 Cr.
CMP / FCF
783
Happy Investing!
Thanks,
Stock-n-Shine
JYOTHY LABS - Swing Trade Analysis - 3rd July #stocksJYOTHY LABS (1W TF) - Swing Trade Analysis given on 3rd July, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
CAPITAL TRUST - Swing Trade Analysis - 21st July #stocksCAPITAL TRUST (1W TF) - Swing Trade Analysis given on 21st July, 2024
Pattern: CUP & HANDLE SETUP
- Weekly Support Zone Retest & Consolidation - Done ✓
- Strong Pullback candle with Volumes - Done ✓
- Weekly Resistance Trendline Breakout - In Progress
- Demand Zone retest for a Small SL and a better RR - In Progress
* Disclaimer
MMTC- Technically visible U-turnMMTC is a company which has one of the worst fundamentals among all PSUs
News of company being scrapped were in market couple of months ago.
Only investors with high risk appetite and disposable money should be interested in this stock.
Technically, a monthly closing above 70 will be confirmation for huge breakout. Previous attempt failed but now we have only 3 sessions so worth the risk for big targets.
Good volumes are seen in past 6 months which means something big is cooking, either upside or downside. Be prepared for both if interested to invest.
If breakout is genuine, definitely huge upside potential as ATH is above 1000 which is more than 15x of CMP .
SCI - 3 Months Downtrend Breakout Shipping Corporation of India Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Downtrend since (February, 2024). Now It has given a Downtrend breakout & Closed with good bullish momentum candle & with good volume in weekly Time Frame.
3) The next resistance would be It's previous Life Time High (290.75 - 10.75% from the price 262.50).
5) Recommendation - Strong Buy
WELSPUN CORP - Swing Trade Analysis - 26th June #stocksWELSPUN CORP (1W TF) - Swing Trade Analysis given on 26th June, 2024
Pattern: REVERSAL FROM WEEKLY SUPPORT ZONE
- Consolidation & Pullback at Weekly Support Zone - Done ✓
- Strong Volume Buildup at Weekly Support Zone - Done ✓
- Demand Zone Retest - In Progress
* Disclaimer
RAILTEL - Swing Trade Analysis - 23rd June #stocksRAILTEL CORPORATION OF INDIA (1W TF) - Swing Trade Analysis given on 23rd June, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
Detailed Technical Analysis of SJVN LTDKey Observations:
1. Trendline Support: The stock is rebounding from a major trendline support, which also aligns with the support of an upward channel pattern.
2. Volume Activity: There is notable volume action, with current trading volumes being 4-5 times higher than typical daily volumes, indicating strong buying interest.
3. Relative Strength Index (RSI): The RSI is approaching its upper boundary/resistance while the stock price continues to perform well with high volumes.
4. 50-Day Exponential Moving Average (EMA): The stock has decisively bounced off its major support at the 50EMA.
Entry point : An entry point around 140 offers a favorable risk-reward ratio.
Targets:
Target 1: 150, which is the next resistance level.
Target 2: 160, near the all-time high (ATH) zone.
Nifty 50 Intraday Trade Setup: Breakout Potential with TargetsThe chart shows the Nifty 50 Index on a 15-minute timeframe, displaying a potential long trade setup based on technical analysis. Key features include:
Entry Point: The recommended entry point is at 24,247.20.
Stop Loss: Positioned just below the entry point at 24,237.95.
Targets: Three target levels are marked:
Target 1: 24,267.75
Target 2: 24,294.65
Target 3: 24,356.00
Trend Analysis: The chart highlights a trendline with multiple touches, indicating a possible support level. A previous low and two subsequent touches reinforce this trendline's significance.
Volume: The volume at the time of the chart is 25.097M, indicating active trading.
HONASA CONSUMER - Swing Trade Analysis - 22nd June #stocksHONASA CONSUMER (1W TF) - Swing Trade Analysis given on 22nd June, 2024
Pattern: SYMMETRICAL TRIANGLE BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Weekly Trendline Zone Retest with Pullback - Done ✓
- Demand Zone Consolidation - In Progress
* Disclaimer
JK PAPERI'm not a SEBI registered analyst, Views are personal, not any buy or sell recommendations.
Today I discovered JKPAPER, which has experienced a breakout in the Weekly chart. Additionally, I noticed that it is currently in its 5th wave, which is an impulse wave. Considering the wave structure and the strong performance of consumption-based stocks , I predict a short-term upward movement in the stock. Please refer to the chart for a detailed analysis.
Godrejagro should be on watchlist!On Friday, there was some volume buying in Godrej stocks with godrej industries reaching 20%.
Godrejagro has finally given a closing above 200 week moving average which was around 500.
We can expect 550 in short term and above it, we might see ATH levels as well. Support is around 455-460 levels.
Keep on watchlist. Idea shared for educational purposes