PSPPROJECT IN Long#Invest #PSPPROJECT #India
The company provides services in all stages of construction: from planning and design to construction and post-construction activities, including mechanical, electrical and plumbing works
PSP Projects has a strong position in the engineering and construction sector
The company is working on major projects in the infrastructure and construction sector.
The company is currently building the largest office complex in the world (Surat Diamond Bourse)
Revenue is expected to reach INR 47.566 billion by 2028
EPS is expected to increase by 61.1% annually
The company has shown improvement in operating cash flow generation in the last reporting periods
The stock is breaking upwards from an ascending channel, which gives a chance for acceleration
PSPPROJECT trade ideas
PSP Projects Date 01.09.2024
PSP Projects
Timeframe : Weekly
Remarks :
1 As of now the stock has support of 23% at fibonacci & base of symmetrical triangle.
2 As of now the stock has resistance of 50% at fibonacci & flat future kumo.
3 As of now the stock is trading below its traditional strong upward parallel channel.
4 Once the stock breaks out from resistance area/s as mentioned above, it will resume its traditional uptrend channel started from 2020 march.
5 One can also use 20 & 60 weekly exponential moving averages to see trend & stoploss, however any moving average are lagging indicators.
That's why i personally emphasis more on tools.
Regards,
Ankur
PSP Projects AnalysisHey Guys,
Here is the analysis of PSP Projects. An undervalued firm, it's a small-mid cap stock however, as per the analysis conducted by my team and I, we've picked this stock.
We've got a view from Short term to Long term for this one.
Here are the details-CMP- 632.45
Targets:
Short Term (upto 2 months)- 701
Medium Term (6 Months to 1 year)- 742
Long Term (more than 1 year)- 805
It would be ideal to have a Trailing Stoploss of 557. (Trailing refers to changing your stoploss as targets are achieved).
Let me know what you think about this one.
PSP PROJECTS: Trend reversal into buy territory in offing📊 NSE:PSPPROJECT - Technical Analysis - February 4, 2024, 14:18 IST 🚧
Company Overview: 🏗
PSP Projects Limited is a prominent player in the construction sector, providing comprehensive services from planning and design to post-construction activities across industrial, institutional, government, and residential projects. The company caters to both private and public sectors, showcasing versatility and efficiency in its operations.
Market Performance: 📉➡️📈
After a recent fall, PSP Projects showcased a commendable recovery, jumping 1.53% on February 2, 2024, closing at approximately 766.50, above the 0.5 Fibonacci level. This significant bounce could indicate a potential trend reversal and sustained buying interest.
Technical Indicators: 🛠
Fibonacci Levels: Closed above the 0.5 level at 766.50, hinting at a trend reversal.
Moving Averages: Successfully crossed over both the 50-day and 200-day moving averages on February 2, 2024, signaling a notable turnaround.
EMA & MACD: Entered positive territory, indicating bullish momentum.
Parabolic SAR: Emitting a buy signal.
MACD: In the buy territory with MC at 0.88 and signal at -1.45, histogram at 2.33.
RSI: At 75.87, above the upper band and showing bullish momentum.
%R: Trending upward, indicating strength.
Fisher Transform: Indicates a buying crossover, showing strong support for the upcoming days.
Entry Levels: 🎯
Aggressive Investors: Entry at 772.00. First target at 784.05, with a second target of 789.10.
Conservative Investors: Consider entering at 776.00.
Target and Stop Loss Levels: 🎯
Target 1: 784.05. 🎯
Target 2: 901.35. 🎯
Target 3: 817.50. 🎯
Stop Loss: 756.15.
Market Outlook: 🌤
PSP Projects' recent performance, coupled with positive technical indicators, suggests a promising outlook. If the broader market opens positively in the week starting February 5, 2024, and PSP Projects follows suit, it could mark the beginning of a long-term bullish trend, provided macro and micro factors remain favorable.
Caution: ⚠️
Given the stock's history of volatile swings, a strong trade above 776 is crucial for confirming its bullish potential.
Disclaimer: ⚠️
This analysis is for informational purposes only and is not financial advice. Investors should perform their own research or consult a financial advisor before making investment decisions. Market conditions can change rapidly.
#PSPProjects #TechnicalAnalysis #ConstructionSector #StockMarket #Investing #TradingView #BullishTrends #FibonacciLevels #EMA #MACD #RSI ✨
PSP Project view in long term upmoveas one can see its prices brakeout from few years range pattern around 575-580 and near ath , after retesting again trying to go up . one may ride upmove continue with strict appropriate stoploss ( if trend reverse and protect of capital) while consulting certified registered expert on fundamental and technical ( which i am not) . i am not responsible for any p&l .posted only as learning via sharing . not indulge in any commercial activity.
BREAKOUT, PSP PROJECTS, 45% RETURNS!!!BUY - PSP PROJECTS LTD
CMP - Rs. 716
Target - 1: Rs. 892
Target - 2: Rs. 1036
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Timeframe - 6-8 months
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Technicals - Ascending Channel, the stock is at a strong support
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This is just a view by an expert analyst, please invest at your own risk.
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Follow me for more!
Long PSPPROJECT - Move is ON..NSE:PSPPROJECT
PSP Project has achieved its first target. Here is previous chart:
Probable Target2 is mentioned in the chart.
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
PSP Projects LimitedPSPPROJECT:- Cup and handle pattern has formed on hourly chart wait for breakout till then keep your eyes on it.
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.
Potential Long trade in PSP Projects - Pullback after a breakoutNSE:PSPPROJECT
This counter has given a pullback after a good volume backed breakout from a consolidation. It reversed from monthly R1 pivot and is now re-testing the breakout level.
Any long trade here would be ideal after a green candle close at this level.
Targets can amount to R1 again (the previous high), which gives a R:R of 1:1, or a further target of R2, which gives a R:R of 1:2.
It would be prudent to not rush with such trades. Wait for confirmation that it is just a pullback and not a false breakout, and then take the trade!
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
33 # PSP ProjectsNSE:PSPPROJECT Looking strong as
1. Stock has given a breakout above it's all time High in the weekly time frame
2. Stock making higher high higher low formation in weekly time frame
3. Bullish Crossover: EMA 20 higher than EMA 50
4. Stock consolidating in the Rectangle pattern and daily closing above the box range for last 6 months
if you liked it please don't forget to follow me
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education purposes.
Perfect Example of Range Breakout in PSPPROJECT
Initial impulse move of nearly 2% ie. upto 684 within the first five to 15 minutes. (First stage)
Followed by pullback and consolidation above the open price (Second Stage)
Final stage of Breakout continuation nearly 8% now
INTRADAY Trading Strategy based on 3 stages of a breakout:
1) Impulse upmove stage : The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
sBoth Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
PSP Projects Cmp 650 dated 4-10-2022 INVESTMENT PICKPSP Projects Cmp 650 dated 4-10-2022
INVESTMENT CUM TRADING
1. Formation of Triangle Pattern
2. Trendline Support @ 615
Buy @ CMP 665-685-735-765 SL 610
For target 880 SL 595
PROS
Company has delivered good profit growth of
31.3% CAGR over last 5 years
Company has a good return on equity (ROE)
track record: 3 Years ROE 24.5%
Company's median sales growth is 40.9% of last 10 years
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.