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Zomato reversing from support with a Bullish Engulfing!✅At support and reversing with bullish engulfing. ✅Strong candle. ✅Stock tends to respect 50 DMA and ride on 50 DMA. ❗️Trading below 50 DMA. ❗️Overall market structure needs to improve further and more confirmation is required. The risk of a potential downtrend still exists. Please consult your financial advisor before investing. This is not a trade recommendation. ▶️Market Cap---₹ 2,26,122 Cr. ▶️Current Price---₹ 256 ▶️Stock P/E---305 ▶️ROCE---1.14 % ▶️ROE---1.12 %
NSE:ZOMATOLong
by sagartharayil
2
Mr. Ashok Soota is waiting for the day to come soon mostly :)Hello, Everyone. I hope you all will be doing well in your life and investing. Here I have brought an IT stock with an investment idea that has been sideways for a long time. Now it looks like that movement will come, and it will cross 830+ soon. That will be the breakout of the stock, and it may move further after that. Strong support at 720. Difficult to break. It may consolidate between this range, but it looks doubtful that it will break 720. It has a good price and time to accumulate slowly for the long term. If it breaks 830 and sustains, then upside targets as per fibbo are 925, 1050, 1150, 1250, and 1400+. IT index is super bullish so full chance for this company to change trend from sideways to Uptrend. Lets see… It's just an assumption. Please do your research. Not a suggestion of buying. I’m posting just to keep my track record. Which can boost my confidence in the future. Source: Screener.in Happiest Minds Technologies Ltd About Incorporated in 2011, Happiest Minds Technologies Ltd is a next generation IT solutions & services Company Key Points Business Overview: Company offers IPs and domain expertise across a set of focused areas that include Digital Transformation & Enterprise Solutions, Product Engineering, Infrastructure Management, Security, Testing and Consulting. In the Solution space, focus areas are Security, M2M and Mobility solutions. Additionally, company is an authorized partner with global information technology players to deploy their services and create custom solutions. Business Units: a) Product Engineering Services (PES): This unit assists software product companies in building products and services that integrate mobile, cloud and social technologies b) Digital Business Services (DBS): DBS unit provides advisory, design and architecture, custom-app development, package implementation, testing and on-going support services to IT initiatives c) Infrastructure Management & Security Services (IMSS): This delivers integrated end-to-end infrastructure and security solutions with specialization in cloud, virtualization and mobility across a multitude of industry verticals and geographies. ** In FY24, company introduced Generative AI Business unit, which is expected to mature in 2-3 years.** Solutions Offered: a) APPrise b) Digital Assisted Selling Platform (DASP) c) Data Accel d) Digital Content Broker Solution (MCaaS) e) Integrated Security as a Services (iSaaS) f) Location Mobile Personalization (LO-MO-ME) g) MIDAS h) Digital Customer On Boarding (d COB™) Technology Offered: Analytics, Artificial Intelligence, Automation, Cloud, Digital Infrastructure Management, Internet of Things, Security, Software product engineering, etc. Services Offered: a) Agile Infrastructure b) Data Management c) Digital Transformation Services d) Managed Infrastructure & Security Services e) Product Engineering Services f) IT Security Services g) Web Technologies User Industries: Automotive, Banking, Consumer packaged Goods, E-Commerce, Education Publishing, Manufacturing, Retail, Travel & Hospitality, etc. Clientele The company has 244 active clients. Out of these, 57 companies are Fortune2000 / Forbes200 Billion dollar corporations. ~88% is repeat business. ~53% clients are >5 yrs old. International Presence: USA, UK, Australia, Canada, Netherland, Singapore, Malaysia and Dubai Liquidity As of Q2FY24, company has cash equivalents and liquid investments of ~Rs. 1,135 crs. Also, they raised Rs. 500 crs. through QIP and Rs. 135 crs. through NCDs. Revenue Breakup - Q2FY24 PES : 50% DBS : 27% IMSS : 17% Oth Inc: 6% Geographical Revenue Split - FY22: Company generated revenue from Exports ~81% which consisted of Infrastructure Management & Security Services ~14%, Digital Business Services ~23% and Product Engineering Services ~44% Country wise Revenue Mix FY23 USA: 70% India: 15% Others : 15% Promoter Holding Pledged As on December 31, 2022, 7.01% of the shares of Ashok Soota are pledged. Source: Yahoo Finance Happiest Minds Technologies Simply Wall St Growth Rating: ★★★★★☆ Overview: Happiest Minds Technologies Limited offers IT solutions and services across various regions including India, the United States, and several other countries, with a market cap of ₹110 billion. Operations: Happiest Minds Technologies Limited operates in the IT solutions and services sector, catering to clients across regions such as India, the United States, Canada, and several others. The company generates revenue through its diverse service offerings in digital business solutions, product engineering services, and infrastructure management. Happiest Minds Technologies has demonstrated robust financial performance with a significant 21% yearly revenue growth, outpacing the Indian market average of 10.6%. This growth is complemented by an impressive forecast of 24.8% annual earnings expansion over the next three years, highlighting its potential in a competitive tech landscape. Notably, the company's recent launch of Happiest Minds' Secureline360, an AI-driven security solution, underscores its commitment to innovation and sector leadership in cybersecurity solutions. This strategic focus not only enhances its service offerings but also positions it well for sustained growth amidst evolving digital threats. • Get an in-depth perspective on Happiest Minds Technologies' performance by reading our health report here. • Learn about Happiest Minds Technologies' historical performance. This is just to boost my confidence. No Suggestions for buying. Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
NSE:HAPPSTMNDSLong
by Alleyshah
simple pattern based tradeAfter correcting a fair bit from its recently made all time highs my favourite pharma stock has been going in a zig zag manner while fundamentally it recently sold certain non core assets for some 150 odd crores... so whats cooking, will it announce the first of its long awaited brownfield acquisitons? Anyhow, it has formed a symmetrical triangle and the same should cleanly breakout between 10th and 17th dec, both dates included... target is near to its ATH of 1636... Although I may hold upto 17th dec as long as the price remains within the triangle, it is prudent to keep SL of 1400 on daily closing basis...
NSE:NATCOPHARMLong
by Rocky_Chow
[Positional] OIL Support and Resistance Trade Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
NSE:OILLong
by Amit_Ghosh
jio Fin Services Chart Analysis and Buying Opportunity jio Fin Services Chart Analysis and Buying Opportunity jio Fin Services is currently trading near a strong support level at ₹305. If the stock sustains above this zone, it could present a great buying opportunity! Support Zone 1 - 305 - SL- 300 Support Zone 2 - 285 - SL - 280 Stop Loss Set at ₹300 if the stock closes below this level. For long-term investors, this stock is a must-have in your portfolio! It shows solid fundamentals and potential for growth.
NSE:JIOFINLong
by manojshinde27
Investment Idea Bharat Electronics Limited (BEL) BEL stock has been showing a strong uptrend over recent months, driven by consistent earnings growth and strategic government defense orders BEL, a leader in defense electronics, is perfectly positioned to benefit from India’s growing focus on self-reliance in defense manufacturing. With a strong order book, cutting-edge R&D, and robust financials, BEL offers: ✔️ Consistent Growth: Backed by government initiatives and modernization needs. ✔️ Dividend Returns: A track record of rewarding shareholders. ✔️ Long-Term Potential: Expanding into new markets like AI and space technologies. Invest in BEL today and watch your portfolio grow with India’s defense dreams! 🌟 #BEL #LongTermInvestment #StockMarket
NSE:BELLong
by manojshinde27
HDFC Bank Hits a New All-Time High HDFC Bank continues its stellar performance, achieving a new all-time high! 🌟 But the key now is sustainability above crucial support levels. 🔑 What to Watch: ✔️ Monitor price action around the breakout level. ✔️ Strong volume = solid buying interest. ✔️ Support zones will confirm stability for further uptrend. Patience is key—wait for a clear confirmation before taking action. The long-term growth story of HDFC Bank remains intact! 💼💰 #HDFCBank #StockMarket #NewHighs
NSE:HDFCBANKLong
by manojshinde27
1
CREDITACC: Rebound from Key Support with Strong Volume Spike Title: "CREDITACC: Rebound from Key Support with Strong Volume Spike – Target ₹1140" Stock: CreditAccess Grameen Ltd. (CREDITACC) Analysis: CREDITACC is currently trading at a key support level, showing a sudden spike in volume after making a new 52-week low last week. Despite a challenging quarter, the stock’s fundamentals and institutional interest indicate potential for a rebound. Key Highlights: Promoter Holding: Strong at 66.5%. Institutional Confidence: Significant FII and DII holdings underline trust in the company. Fundamentals: Fair Valuation: PEG at 0.30 and PE below the industry average. QoQ Revenue Growth: Strong growth, though expenses have doubled, causing a 50% decline in net profit for the September quarter. Technical Setup: Volume Spike: A sudden increase in activity suggests potential accumulation. Support Zone: The stock is holding critical levels, providing a solid base for a rebound. Trade Plan: Entry: At current levels near support, with confirmation of rebound. Target: ₹1140 within a 6-month timeframe. Stop Loss: Below ₹900 to limit downside risk. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
NSE:CREDITACCLong
by ImranulHaqueNoor
AGI Green Pac Ltd - BullishThe stock is trending bullish with Price Action forming higher Highs and higher Bottoms. 1) 50 DMA > 200 DMA and diverging 2) Supertrend 14,3 about to crossover 50 DMA from bottom. ADX >20 3) Fibonacci retracement and trendbased extension forms a cluster at 127 % of retracement levels and hence the target # 1 of the stock price is approx INR 1589. It is highly likely that the stock will rise to INR 1589 for onwards journey to higher levels. This is a academic study and not advice to buy
NSE:AGILong
by Darshan1971