Date : 14.09.2024 Borosil Renewables Timeframe : Weekly Remarks : 1 Consolidation lead to formation of descending triangle pattern 2 There's clear support & resistance within the descending triangle pattern 3 Formation of cup & handle pattern evident within descending triangle 4 Exit of resistance band + descending angle + handle = Breakout 5 Exit of...
Date 14.09.2024 BF Utilities Timeframe : Weekly FYI : 1 The Company was born out of a scheme of demerger with Bharat Forge Limited 2 It is in the business of generating electricity through windmills and infrastructure activities 3 BF Utilities is a part of $3 billion Kalyani Group Remarks : Technical 1 Formed a rounding bottom pattern 2 Neckline of...
Date 14.09.2024 JSW Energy Timeframe : Day chart Remarks : Back to back three ascending triangles. Every stock has behavior of reacting over chart patterns. Look carefully on both the sides of breakout & breakdown as well. Regards, Ankur
Date 14.09.2024 Adani Greens Timeframe : Weekly Remarks : 1 Previous descending triangle's neckline is current 50% of Fibonacci 2 Forming diamond pattern in-between 50% & 61% of Fibonacci 3 Breakout at 61% + diamond pattern exit 4 Breakdown at 50% + diamond pattern exit 5 Exit after diamond pattern & 50%/61% & exit from fibo circle of 161% extension will...
Date 13.09.2024 Bank Nifty Timeframe : Day Chart This is very powerful analogy to evaluate the rightness of strength whenever market exit from any zone. Many traders & investors get stuck when their understanding with respect to momentum/speed of move is not there. Something what happened yesterday after 1300 hrs. Therefore, i am presenting future conditions...
Date 13.09.2024 Shipping Corporation of India Timeframe : Day chart Introduction : SCI is today the only Indian shipping Company operates in three segments viz. Bulk Carrier & Tankers, Liner & Passenger Services and technical & off-shore. In addition, the SCI mans and manages a large number of vessels on behalf of various government departments and...
Date 12.09.2024 Marico Timeframe : Day Chart Remark : Formed rising wedge & tested the zone of 686-692 for about 4 times in recent times, short interval. How long can stay invested after breakout, if any lets understand based on few key points from companies performance & balance sheet. 1 PE ratio of 79.20 which is high and comparatively - Very Overvalued 2...
Date 12.09.2024 IOL Chemicals and Pharmaceuticals Sector : Pharmaceuticals & Drugs Timeframe : Weekly Remarks : Stock has reached at major confluence at Gann 4/1 & major support & resistance. Trade & build long position carefully & having a right kind of quantity. Once it exits both Gann + major s/r area then can expect good upside momentum. Some points...
Date 12.09.2024 Natco Pharma Timeframe : Weekly Operating cash flow ratio: It measures the adequacy of a company’s cash generated from operating activities to pay off short-term financial obligations. Natco Pharma cash from the operating activity was Rs 1,196.40 Cr. Financial Strength: Health care organizations usually have high debt loads and low equity...
Date 12.09.2024 Aditya Birla Sun Life AMC Timeframe : Weekly Sector : Finance - Asset Management Market Cap ₹ 21,372.68 Cr II P/E 25.9 II P/B 6.49 II Div. Yield 1.83 % Book Value (TTM) ₹ 114.26 II Operating Revenue ₹ 1,330.18 Cr Net Profit ₹ 774.23 Cr II Promoter Holding 75 % EPS (TTM) ₹ 28.63 II ROE 28.20 % II ROCE 35.58% II Profit...
Date 12.09.2024 Bata India Timeframe : Weekly Chart Operating profit margin: - Incase of footwear exporters, the share of EBITDA constitutes not only operating income and also the share of government exporter incentives. OPM for Bata India is 22.78 % which is strong which allows the investors to look into the overall return on capital. Debtor days: - The...
Date 11.09.2024 Union Bank Of India Timeframe : Weekly For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Union Bank Of India has earned Rs 99,777.96 Cr. revenue in the latest financial year. Union Bank Of India has posted decent revenue growth of 13.21 % in last 3 Years. In terms of...
Date : 11.09.2024 Jupiter Wagons Ltd Timeframe : Day chart Sector : Railways Wagons Company Essentials Market Cap ₹ 22,097.25 Cr. Enterprise Value ₹ 22,254.74 Cr. No. of Shares 42.45 Cr. P/E 61.65 P/B 8.8 Face Value ₹ 10 Div. Yield 0.12 % Book Value (TTM) ₹ 59.16 Cash ₹ 180.18 Cr. Debt ₹ 337.67 Cr. Promoter Holding 70.12 % Eps (TTM) ₹ 8.44 Sales Growth ...
Date 11.09.2024 Escorts Kubota Timeframe : Day Chart Remarks : 1 Below 50% zone of flag + below support zone = Weak 2 Below 50% zone of flag + below support zone + below 200 ema = Very weak 3 Above 50% zone of flag + above support/resistance zone = Strong 4 Above resistance zone of flag + above support/resistance zone = Very strong Regards, Ankur
Date 10.09.2024 Zee Entertainment Timeframe : Weekly chart Remarks : 1 Formation of descending triangle 2 Conversion line & base line merger of Ichimoku cloud 3 Once the positive crossover happens & contraction of expanded future cloud/kumo means sign of reversal 4 Gann angle will also play a pivot role as resistance/breakout after mentioned above points, when...
Date 09.09.2024 Hdfc Bank Timeframe : Day hart Remarks : Looks like ready for breakout Formed symmetrical triangle at wave 4 retracement & now closing above the pivot (Fibonacci) above S1. Once breaks out the cloud then next target is upper Fibonacci range. Keep 60 ema as trend based day to day stoploss or trail method. Regards, Ankur
Date 09.09.2024 Sun Tv Timeframe : Weekly chart Company Essentials SECTOR: TV Broadcasting & Software Production Market Cap ₹ 31,889.33 Cr. II Enterprise Value ₹ 31,529.74 Cr. No. of Shares 39.41 Cr II P/E 17.34 P/B 2.93 II Face Value ₹ 5 Div. Yield 2.07 % II Book Value (TTM) ₹ 276.60 CASH ₹ 359.59 Cr II DEBT ₹ 0 Cr. Promoter Holding 75 % ...
Date 09.09.2024 Shivalik Bimetal Controls Timeframe : Weekly Chart NSE: SBCL Company Essentials SECTOR: Metal - Non Ferrous Market Cap ₹ 3,168.52 Cr II Enterprise Value ₹ 3,162.24 Cr. No. of Shares 5.76 Cr II P/E 41.04 P/B 9.2 II Face Value ₹ 2 Div. Yield 0.3 % II Book Value (TTM) ₹ 59.76 CASH ₹ 37.57 Cr II ...