SHAREINDIA trade ideas
Pull Back Pattern Seen with Long Lower Shadow Hammer CandlestickHello everyone, i hope you all will be enjoying the weekend, but let's do some learning now.. i have found a stock which has shown a pull back pattern with long lower shadow hammer candlestick pattern on weekly chart. Stock name is Share India Securities Ltd and it is a financial service provider that uses technology to offer customized capital market tech-based solutions to clients. It offers financial products & personalized services, including equity broking, currency & commodity derivative, depository participant services, mutual fund advisory and distributorship, etc to retail and corporate clients. The co. has a PAN India presence with 61 branches of NBFC business and, 293 sub-brokers/franchisees.
Let's learn about the pattern which i have written in Title:-
Q:- What is Pull back pattern?
Ans by Rahul:- Pullback is a term used in stock trading that refers to a price decline from an existing high point. This decline is usually temporary and serves as a correction after an upward trend. Pullbacks are common in the stock market, and they offer traders opportunities to buy stocks at discounted prices.
Q:- How to Trade Pull back patterns?
Ans by Rahul:- For trading pull back pattern there is strategy and this strategy works by waiting for a stock’s price to decline from previous highs before buying it. The idea is that when there is a dip in prices, there is usually an opportunity for investors to buy into the stocks at lower prices, and then sell their shares once the stock rebounds. if you look at the Share india chart above, you will see after breakout stock rallied almost 35% and made high at 405 and now stock again came at their support zone where stock had given breakout earlier, we also call this breakout retest strategy. So this is the zone where we have to try to accumulate and keep your stop loss at below to support zone, for the Targets you can plan previous highs or you can expect same length of previous consolidation zone.
I hope now you guy's have learned about pull back pattern and how to trade to these patterns, Right. If yes then do not forget to hit like and share with others after you done reading.
Let's focus on other aspects of company:-
Company History
The Co. was established in 1994 and entered the equity broking segment in 2000. Subsequently, it diversified its offerings by undertaking derivatives trading in 2007, currency trading in 2008 and commodities trading in 2012.
In 2016, it was registered as a Mutual Fund Advisor with AMFI and in 2018 it registered as a Category I Merchant Banker & Portfolio Manager with SEBI. In 2020, it moved from SME platform to BSE Main Board.
New Launch
In FY24, the co. launched Algo Platform – uTrade Algos for automated trading.
In FY23, it launched a Retail Platform - IBT, a digitally-enabled online account opening and trading platform.
Market Cap
₹ 5,953 Cr.
Current Price
₹ 302
High / Low
₹ 408 / 233
Stock P/E
14.0
Book Value
₹ 91.2
Dividend Yield
0.56 %
ROCE
38.3 %
ROE
31.0 %
Face Value
₹ 2.00
Industry PE
17.9
Debt
₹ 403 Cr.
EPS
₹ 22.2
Promoter holding
52.3 %
Intrinsic Value
₹ 754
Pledged percentage
36.2 %
EVEBITDA
6.54
Change in Prom Hold
-0.87 %
Profit Var 5Yrs
76.9 %
Sales growth 5Years
48.4 %
Return over 5years
81.1 %
Debt to equity
0.23
Net profit
₹ 426 Cr.
ROE 5Yr
37.5 %
Profit growth
30.0 %
Earnings yield
15.0 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Share India: Flag Pole Breakout Retest- Best above 1700 They say "Buy when there is blood on the streets."
Most of the Brokerage company stocks have taken a beat.
This makes Share India securities and Angel one a value buy.
The intrinsic value of this stock is double to its current price of Rs 1545.
The stock formed flag and Pole pattern on monthly chart and it has retested from 2043 to 1545 on weekly closing basis.
One should invest such valuable companies when no one pays heed to this sector.
Buying Range : 1300 - 1500
Risk : current below all the EMA's, however one can enter small at current price, and average up in this journey. Risky traders can buy now. However best range is to buy above 1700.
Short term targets : 2000/3000 and Open Sky after that.
Strict Stop Loss : 1350
Disclaimer : Educational Content. Please do your own research.
SHAREINDIA - Weekly breakout and retest SHAREINDIA - Weekly breakout and retest successful. The stock shows a very healthy growth both fundamentally and technically. Great place to enter with a handsome risk: reward.
Note: It's important to note that these observations reflect my personal views, and I recommend conducting thorough research before making any buying or selling decisions.
SHAREINDIASHAREINDIA:- The stock has given a breakout after 11 months. Volumes are also showing good.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Analysis of Share India in Multiple Time Frame !!The company is fundamentally sound in growth and return prospective (previous quarter was exception). In June’21 analysis posted on same stock and given a phenomenal return during the year, the stock is still available a reasonable valuation and will be a good buy for long term investment.
Fundamental:
a) Business: It offers financial products & personalized services, including equity broking, currency & commodity derivative, depository participant services, mutual fund advisory and distributorship, to retail and corporate clients.
b) Ratio: CAGR Sales 3 years 49%; CAGR Profit 3 years 78%; ROCE 35.8%; ROE 34.1%; PEG 0.32
c) Growth & Profit: Refer pivot data in chart
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Technical Parameter:
d) 15 min time frame: In chart, wedge breakout is visible.
e) Daily time frame: From ATH, price retrenched to 38.2% fib level and taken a key support. It has been observed in past, the price takes a crucial support at EMA and reversed from lower level.
f) Weekly time frame: The price travelling upward in parallel channel and given a multiple breakout after good consolidation. The current chart is positive and similar, volume surge will confirm the breakout and will be good buy opportunity.
g) RSI and Moving Average Crossover
h) Idea: Long Term View | Entry above Rs 1150 | Stop Loss below Rs 1000 | Expected Return: 50% |
Disclaimer: The analysis presented for only educational purpose, it is not any recommended, consult your financial advisor for buy/sell advise.
Thanks –AJ
Kindly Share SHAREINDIA with India !!!-3 Years ROE 46%
-Good profit growth of 86.8% CAGR over last 5 years
-Annual Net Profit rose 63.47% in the last year to Rs 328.83 Crores. Its sector's average net profit growth for the last fiscal year was 66.88%.
-Quarterly Net profit rose 39.35% YoY to Rs 82.11 Crores. Its sector's average net profit growth YoY for the quarter was 54.56%.
-PE Ratio is 13 lower than its sector PE ratio of 24.
Share India: Breakout and Growth Potential.Hello guys I hope you guys are doing great.
I am back again with a short analysis of share India securities LTD.
Chart is self explanatory so, we will keep it to the point. As we can see in weekly timeframe Share India has been consolidating for the past 18 months. Initially, it formed a descending triangle pattern and gave a breakout. Subsequently, it started forming a head and shoulders pattern, and this week it experienced a strong breakout. The company is fundamentally strong. Although it falls under the small-cap category and operates as a stockbroker, it is experiencing significant growth. We could consider a target of 25% with a stop loss set around 18%.
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Note: This is for informational purposes only. Do your own research before investing.
YR 2022 Idea #65: Long on SHAREINDIAThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
