The markets kept up the rally for the third straight week ended November 17 with a 1 percent gain, despite banking and financial stocks being beaten by the Reserve Bank of India's move to raise the risk weights for unsecured loans. Our Analysis on the Risk Weightage on Unsecured Loan: Where central banks are taking a hawkish stance to curb the inflation, seems...
Where Technically Pharma index is in bullish territory after a small cup and holder breakout. BoFa research also rating buy calls on large cap Pharma companies. One can buy ICICI Pharma ETF!
Dhanuka Agritech Q2 (YoY) Profit up 39.5% at ₹101.8 cr Vs ₹73 cr Revenue up 13.8% at ₹617.9 cr Vs ₹542.9 cr EBITDA up 45.1% at ₹141.6 cr Vs ₹97.6 cr Margin at 22.9% Vs 18% Technically, waiting a closing able 900 for levels 1000+ long term 1500+
Posted decent Quarterly numbers, Revenue up 11% at Rs 2708.1 Cr. EBIDTA up 15% Rs. 682.7 Cr. Maintaining healthy margin of 25.2%. The stock has been sideways after wave 1 rally post its listing. The stock did a Fib 0.38 retracement and holding on it Symmetrical triangle formation and breakout above 1829 will open the stock for an upside of 1929 followed by 2120,...
Market- sitting on neckline of 19229. Half H&S pattern is complete. now it will be important to see if we bounce back from these levels may be a relief rally upto the levels of 19500/19780. Sustaining above 19835 will confirm a "W" formation which will be a signal of bullishness. However, dropping below 19229 will open levels for 19000 (phycological support +...
US TVC:DJI equities extended last week's sell-off on Tuesday after the recent data on consumer confidence and home sales showed the US economy may be finally coming under stress. Federal Reserve continues to affirm its commitment that interest rates will remain elevated for an extended period to manage inflationary pressures maintained hawkish stand and...
The hawkish tone of the Federal Reserve hinting higher rates next year, aggressive sell-off by foreign institutions broke NSE:NIFTY crucial support of around 19850-19900 Week Ahead Attention will once again shift to macroeconomic data. US, the spotlight will be on the PCE Price Index, as well as personal income and spending data, durable goods orders,...
Maruti Suzuki holding its technical breakout of Inverted H&S with a delta of neckline is 3000 points. Suggest Suzuki likely to reach 13000 levels in Mid to long term. Backed by positive brokers report “Morgan Stanley gives overweight call on Maruti, says business is turning around on expected lines. SUV mkt share gains, mix improvement & vol recovery are now...
Paradeep potash on high confidence reversal golden ratio reversal pattern
Normally the exchange related stock are positive correlated. BSE already at roof. So, the question is can CDSL do the same? Technically 1. CDSL has given a flag & pole breakout on 8th Sep' 2023 after nearly a retracement of Fibo 0.68 2. RSI creeping back to 70 on weekly charts. Thus, showing a very high strength by the bulls 3. Positive MACD with gaining...
The stock made a double bottom at 279 and now seems getting ready for 1.68 XADCD extension to 460 levels.
Gail- an integrated natural gas company in India. Owns over 11,500 km of natural gas pipelines, over 2300 km of LPG pipelines, six LPG gas-processing units and a petrochemicals facility. In a way it hold a monopoly power of setting up the natural gas pipelines. Government of India focus on increasing the share of natural gas in the overall energy mix of the...
Finished my technical forecast in Laxmi organic, the stock has finished its Elliot wave with EMA cross. Thus the stock is giving a buying signal till T1 forecast levels after that due to the high consolidation zone the stock may face a supply till 291 where the stock will find demand zone back till 338 which will be a completion of Inv H&S formation breaking that...
After the recent fall in IEX, the stock is finding support at 117 levels which also happens to be March 2021 consolidation levels. Basis the Elloitt wave analysis, the stock seems to have finished all its negative wave on the weekly charts and thus waiting for a trendline breakout above 141. In the event, it will be correct to say stock has bottomed out and is...
It will be a very busy week with US non-farm payrolls and earnings reports taking center stage. In the US, investors will also be following factory orders, JOLT's Job Openings, and ISM Manufacturing and Services PMI While in India, the week will be dominated by Auto stocks. As we begin the month of August on Tuesday, companies will be reporting their monthly...
Earning season will likely to dominate the market week a head Major US companies, such as Bank of America, Morgan Stanley, Goldman Sachs, IBM, Netflix, Tesla, and Johnson & Johnson will drive the US markets. Indian investor will await the results of top Nifty 50 companies such as HDFC Bank, LTI Mindtree, FMCG Major HUL, Ultratech. On the macro data front US...
After a six-day rally, the market seems to be losing its fizz as indices neared the key resistance levels, FPI flows into Indian equities have turned positive with the change in the macro narrative. After having been net sellers of INR ~520Bn in Jan-Feb 2023 period, FPI flows turned into a net positive, even in the yesterday session FPI net bought in cash...
BEML- Inverted H&S Formation on Monthly charts. This stock Normally test patience- a little overvalued in the valuation norms however, the potential of growth is high. Thus, the targets are 2080/2540 CMF suggest a good accumulation happening at the lower levels