BEL Trying for a Reversal NSE:BEL is Trying to make a Reversal on the Daily Chart with today's heavy inflow as it's now gonna be part of the Nifty 50 which will attract more passive funds chasing it, although a breakaway gap is yet to be filled below the accumulation zone let's see if bulls can defend it a close above 315-317 Levels will confirm that they defended it and further upside can be seen.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Volumepriceanalysis
Breakout With Heavy VolumesNSE:ABSLAMC today broke out Major Levels and was able to close above it, on the back of good guidance of future growth and Brokerage Reports of NSE:HDFCAMC
NSE:ABSLAMC is a joint venture between Aditya Birla Capital Ltd and Sun Life AMC. The company offers Mutual Fund services, Portfolio Management services, offshore services, and real estate offerings. It is one of the largest non-bank affiliated AMCs in India managing an AUM of ₹6002 Billion under its suite of mutual funds, portfolio management services, and offshore and real estate offerings.
A Close above 800 will be crucial before the Q2 FY 24-25 Results are out. If the results are on the expected line, 900 will take no time.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
SEQUENT SCIENTIFIC : Swing Trade#SEQUENT #swingtrade #breakout #momentumtrade #trendingstock
SEQUENT :
>> Momentum Stock
>> Trending Setup
>> Volumes Dried Up
>> Good Strength in Stock
>> Good Risk Reward
Swing Traders can lock profit at 10 % and keep Trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disc : Trade Ideas shared for Learning Purpose, not a Trade Recommendation
Morepen Lab - Bullish Flag and Fibonacci RetracementMorepen Lab has formed a bullish flag pattern, and today it has successfully broken out.
The price has retested the Fibonacci level at 38, where it formed a bullish piercing pattern, signaling potential upside momentum.
Price take support of 50 period EMA.
Additionally, this level coincides with a significant demand zone on the chart, suggesting strong buying interest. Keep an eye on this stock for further upward movement
PARAG MILK RR 1:5Parag Milk Foods is a well-known dairy company in India, recognized for its wide range of milk and milk products. They offer products like cheese, butter, yogurt, and ice cream, catering to both retail and institutional markets. The company emphasizes quality and sustainability in its operations, often promoting its use of advanced technology in dairy farming and processing.
good volume and there is chance of rate increase in milk and milk product which improve margin.
GOOD RR
CMP: 200
TARGET : 335
SL : 169 CLOSING BASIS
TATA TECHNOLOGIES LTD FALLING WEDGE BREAKOUTTata Technologies Limited
It has shown Termendous breakout with
3 weekly higher high closing candles which will lead to two big green candles in short term-
for a target of 1400.
Then it will consolidate before starting next leg of run-
For target second that is of 1830.
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
MMTC - Swing Trade Analysis - 4th July #stocksMMTC (1D TF) - Swing Trade Analysis given on 4th July, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - Done ✓
* Disclaimer
SENCO - POST 20% CORRECTION, PA MIGHT REVERSE FRM BOTTOM CHANNELHi All,
This idea is about Senco Gold Ltd
The stock has corrected over 20% in this month alone & now have reached the lower channel of rising wedge formation. Volumes have dried up indicating the supply may have exhausted & Price action might soon reverse from this point
Stock can be bought if it gives a closing above 980 for further targets of T1 1010, T2 1070, T3 1150.
If the stock shows further downside then the support levels are S1 916, S2 864
The correction is due to poor quaterly results owing to heat wave, elections, and fewer wedding days although the sales was up 9% YoY
Fundamentals
Market Cap
₹ 7,398 Cr.
Current Price
₹ 952
High / Low
₹ 1,177 / 365
Stock P/E
39.2
Book Value
₹ 177
Dividend Yield
0.11 %
ROCE
13.4 %
ROE
16.2 %
Face Value
₹ 10.0
Equity capital
₹ 77.7 Cr.
No. Eq. Shares
7.77
EPS
₹ 24.3
Promoter holding
68.4 %
Change in Prom Hold
-0.01 %
Chg in Prom Hold 3Yr
%
Pledged percentage
0.00 %
Market Cap to Sales
1.41
Sales growth
28.3 %
PEG Ratio
1.92
EVEBITDA
20.3
Quick ratio
0.40
Trade receivables
₹ 64.4 Cr.
Sales
₹ 5,230 Cr.
Debt to equity
1.28
Price to book value
5.37
Free Cash Flow
₹ -324 Cr.
CMP / FCF
-42.4
Happy Trading,
Thanks,
Stock-n-Shine
NATCOPHARM - FLAG AND POLE FORMATION IN PROGRESSHi All,
This idea is extension of existing idea on Natco Pharma which formed Cup and Handle
Interestingly the price action has formed a FLAG AND POLE formation with price action getting tighter & tighter with shrinking volume.
Flag Breakout may happen anytime soon & till then investor is advised to be patient.
Results are also expected & so market might be waiting for some earnings surprise
Thanks,
Stock-n-Shine
HINDCOMPOS - INVERSE H&S, THEN CONSOLIDATION AND BREAKOUTHi All,
This idea is about Hindustan Composites Ltd
Certified developer, manufacturer & marketer of Friction Materials in India comprising Brake Lining, Clutch Facing, Disc Brake Pad, Roll Lining, Brake Block, etc. Company is also engaged in the treasury business.
Clientele
Ashok Leyland, Maharashtra State Road Transport Corporation, Eastern Railway and Southern Railway, etc. HCL is also a Tier 2 supplier of brake lining for Toyota, TATA
Technical
Price Action formed an inverse Head and Shoulder but after the formation of right shoulder could not break the neckline, instead went into consolidation.
Eventually the price broke out of the darvas box ending the consolidation and have reached the initial neckline of Inverse H&S.
If neckline is broken, it could lead to a substantial rally
Fundamentals
Market Cap
₹ 905 Cr.
Current Price
₹ 613
High / Low
₹ 650 / 347
Stock P/E
26.3
Book Value
₹ 669
Dividend Yield
0.33 %
ROCE
4.46 %
ROE
3.60 %
Face Value
₹ 5.00
Equity capital
₹ 7.38 Cr.
No. Eq. Shares
1.48
EPS
₹ 23.3
Promoter holding
75.0 %
Change in Prom Hold
0.00 %
Chg in Prom Hold 3Yr
0.00 %
Pledged percentage
0.00 %
Market Cap to Sales
3.04
Sales growth
5.30 %
PEG Ratio
2.10
EVEBITDA
17.3
Quick ratio
1.95
Trade receivables
₹ 37.3 Cr.
Sales
₹ 298 Cr.
Debt to equity
0.00
Price to book value
0.92
Free Cash Flow
₹ 3.92 Cr.
CMP / FCF
91.1
Happy Trading
Thanks,
Stock-n-Shine
MAHANAGAR GAS - Swing Trade Analysis - 30th June #stocksMAHANAGAR GAS LTD (1W TF) - Swing Trade Analysis given on 30th June, 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
WHIRLPOOLI'm not a SEBI registered analyst, Views are personal, not any buy or sell recommendations.
Today i found WHIRLPOOL ,which has given breakout in Weekly along with good volumes, Based on volume and current price action movement in the WHIRLPPOL chart, I anticipate a short-term upswing. Please refer to the chart for a detailed analysis.
RKFORGEI'm not a SEBI registered analyst, Views are personal, not any buy or sell recommendations.
Today i found RKFORGE ,which has given breakout in Daily along with good volumes, Based on volume and current price action movement in the RKFORGE chart, I anticipate a short-term upswing. Please refer to the chart for a detailed analysis.
BALMLAWRIE BREAKOUT (6 year range breakout)Balmer Lawrie & Company Ltd is extremely bullish with rising volume as visible form the chart .
The financials of the company are pretty solid as well :
1. Rising PE
2. Increasing sales
3. increasing net profit
4. rising EPS
Along with all this the company also gives pretty solid dividend as well.
It is the stock to watch out for🚀🚀.