DevanNaayar

DevanNaayar

#MRPL CMP : ₹. 118.9 Date : 25-11-23 Mangalore Refinery and Petrochemical Ltd is a miniratna company which is a subsidiary of ONGC. One of the consistent upward mover for last 1 year. Benefits the Governments imported policy at discounted price. Technically looking good. A round bottom formation completed in charts. Expected a movement towards 200 levels with...

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#Latentview CMP : 468 Date : 24/11/23 An analytics service provider company with improving fundamentals.A zero promoter pledge company with almost nil debt. Revenue and profit increasing QoQ. Stock is now at its 52 week high with significant volumes. Technically looking good 30-50%, upward movement.. Stop loss at 420 - 440 levels. Disclaimer : Post only for...

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#Himatseide CMP : 175.2 Date : 24/11/23 A Fundamentally weak and a high debt company. A recent turn around movement in textile sector is now influencing the world s largest cotton yarn maker. Stock is technically looking good now. Formation of a round bottom is seen in the chart with 60% completion . Now the stock is at its 52 week high with significant volumes....

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#EXIDEIND CMP - ₹.282 Leading manufacturers & traders of acid storage battery have operations all over the world. An undervalued company with good balance sheet and proven track record. Revenue and net profit increasing on QoQ. But net cash flow is negative. Stock is trading at its 52 week high now. Have strong resistance at 300-310 levels and support at 260-270...

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Manuctures of Ebuses and composite polymer insulators. 50 % promoter holding with zero promoter pledge . Stock has shown continuous upmovement after a news of getting orders from Telengana road transport corporation and Maharashtra Govt. Can expect red due to profit booking. Decreasing trend of promorter holding also gives a negative expectation in short term....

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#PTC CMP ₹. 160.6 PTC India Ltd is a public - private sector holding company engaged in the trading of power who has got permission to trade unlimited volumes from central electricity regulatory commission. Eventhough fundamentals looking not good but financials are improving. Revenue and net profit increasing . Debts will get reduced if the proposal for...

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#HCC CMP ₹.31.55 A Fundamentally weak stock, but technically looking good. Now stock at its 52 week high with significant volume supports. Breakout and retesting happened in 1.5 year long resistance trend line and also a cup & handle pattern. Chart is giving a hint of 60%-70% rally. Stoploss @ 27 levels. Disclaimer : Post only for educational purpose. Not a...

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#Marksans CMP - ₹.130.35/- A Fundamentally strong great stock engaged in the Pharmaceutical business having network over more than 25 countries .Low debt company with zero promoter pledge. Stock is near the breakout of a cup and handle & a parallel channel and also if breakout happens then it will challenge it's more than 3year old resistance band which gives a...

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#Ashoka CMP ₹.123.9 Technically looking good. 1 year resistance trend line broken. 4 months long Upward parallel channel broken, retested and bounce back. Further movement of 25% expecting. Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own...

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#L&TFH CMP ₹.142.45 L&TFH is a NBFC with zero promoter pledge. A classic breakout of cup and handle formation and ascending triangle pattern can be seen from the chart. Technically looking good for short term.stop loss @₹.135 level Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a...

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Vascon Engineers Ltd is an engineering company engaged in real estate. Hospitality, manufacturing with an operating revenue of more than 700 crores . Stock is now in a rally mode with its 52 week high. Stock is now testing it's 3 year long resistance trend line. If it breaks then a 100% move can be expected in 3--6 months time. It's also can be considered as a...

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#BSOFT CMP - ₹ 587.75/- Birla Soft is an Indian company engaged in providing information technology and related services. Revenue and profit are increasing every quarter. A zero debt company with zero promoter pledge. Stock is now at its 52 week high due to the arrival of interim dividend date . A pullback can be expected from this level due to profit booking. A...

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#equitasbnk CMP : ₹.100.3/- Equitas Small Finance Bank is an Indian based banking company. Recently company reported a stellar quarter results with a growth of 70.2% net profit. Net interest income increased 765 registered a net interest margin of 8.63% which is one of the industry best. Revenue and profit has been increasing for the last few quarters.Npa also...

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Tata Motors is in a Strong consolidation stage. Chart itself describes the lesser chances of a short term breakout. Price band is shrinking . Any diversion from this consolidation band with a good volume tends to a strong breakout

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#AGI CMP :₹.1067 AGI Greenpac Ltd is an India based packaging products company. Consistent high returns over last 5 years . Reducing debt with zero promoter pledge.Annual net profits increasing for last two years. Debtor days improved. Working capital days improved to two digits from three. Book value also improving. Stock near its 52 week with significant...

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A Govt of India enterprise provides finance to power sector. Eventhough high debt is one of the biggest threat for its forward movement ,increasing profit over last few quarters is a good sign. Its Moving through a strong resistance band now. Also a 1 year long cup and handle formation is also seen in charts. Company is nearer to its multi year high. Expecting a...

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Lemon Tree is one of the largest hotel chain in India. Stock is moving through an upward parallel channel for the last two years. Even though profit margins are improving qoq ,promoter holding is very low with a high debt. Slow movement of the stock is due to this debt. Now stock is near it's 52 week high and also a cup and handle formation . Can expect a 25-35% movement .

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#GLENMARK CMP:₹.855.50 Glenmark Pharmaceuticals Ltd operates is Pharmaceuticals - Indian - Bulk Drugs & Formln. Technically looking good.Stock near it's 52 week high now. Both the Cup & Handle and Head & Shoulders pattern identified in the chart. Waiting for a break out. Stock is tempting to break it's 4 year long resistance trend line. If it surpass this long...