DragonFly-Trading

DragonFly-Trading

Dr. Reddy's Laboratories has formed a cypher pattern and is finding support around the ₹1200 level, after a recent 15% fall. Dr. Reddy's shares are trading at ₹1250.20, reflecting a 1.85% change for the day1. The company exhibits low volatility compared to the market, with a six-month beta of 0.2055

DragonFly-Trading

Axis Bank has formed a cypher pattern and is currently trading above a support zone around ₹1000, following a 30% drop from its all-time high1. As of February 6, 2025, Axis Bank's stock traded at ₹1,012.00, with a market capitalization of ₹314,265 crore1. The bank demonstrates good financial performance, as seen by a TTM EPS of ₹91.02 (+109.53% YoY) and is...

DragonFly-Trading

SBI's stock has returned to a support level of ₹732, with a potential entry point at the long-term 3-year trendline around ₹670, following a recent 15% drop. State Bank of India's Q3FY25 net profit grew 84.32% YoY to ₹16,891 crore7. The bank's loan book also experienced substantial growth, with a YoY increase of 15.8%

DragonFly-Trading

IDBI Bank's share price recently dropped by 20%, falling below its trendline but is now finding support above it, indicating a potential for a bounce-back. The bank reported a 31% increase in net profit for Q3 FY 2025, driven by strong growth in net interest income and improved asset quality, with total deposits rising by 9% year-on-year

DragonFly-Trading

Technical Analysis: Cypher Pattern and Support Levels Bank of India has formed a Cypher pattern in its stock chart and has experienced an overall decline of 80% from its peak. Currently, the stock is finding good support around the ₹1100 level, indicating a potential recovery phase for investors. Fundamental Performance Overview Revenue Growth: In the latest...

DragonFly-Trading

Technical Analysis: BAT Pattern and Support Levels Bharat Forge Ltd has formed a BAT pattern in its stock chart and is currently trading with a 34% decline from its recent highs. The stock is finding significant support around the ₹1100 level, which may present a strategic entry point for long-term investors. Fundamental Performance Overview Revenue Trends: For...

DragonFly-Trading

Technical Analysis: Cypher Pattern and Support Levels Blue Dart Express Ltd has formed a Cypher pattern in its stock chart and is currently trading with a 40% decline from its recent highs. The stock is finding significant support around the ₹5600 level, which may present a strategic entry point for long-term investors. Fundamental Performance Overview Revenue...

DragonFly-Trading

Technical Analysis: Cypher Pattern and Support Levels Godrej Consumer Products Ltd has formed a Cypher pattern in its stock chart and is currently trading around a significant support level at ₹1100. The stock has experienced a notable decline, making it an interesting consideration for long-term investors. Fundamental Performance Overview Revenue Growth: In the...

DragonFly-Trading

Technical Analysis: Butterfly Pattern and Support Levels Cummins India Ltd has recently formed a butterfly pattern in its stock chart, currently trading with a 30% decline from its recent highs. The stock is finding support around the ₹2900 level, which may present a strategic entry point for long-term investors. Fundamental Performance Overview Revenue Growth:...

DragonFly-Trading

Technical Analysis: Butterfly Pattern and Support Levels GAIL India Ltd has formed a butterfly pattern in its stock chart, currently trading with a 30% decline from its recent highs. The stock is finding support around the ₹170 level, which may present a strategic entry point for long-term investors. Fundamental Performance Overview Revenue Performance: In the...

DragonFly-Trading

Technical Analysis: Butterfly Pattern and Support Levels Whirlpool India Ltd has formed a butterfly pattern in its stock chart, currently trading 32% lower than its recent highs. The stock is finding support around the ₹1600 level, which may present a strategic entry point for long-term investors. Fundamental Performance Overview Revenue Growth: In the second...

DragonFly-Trading

Technical Analysis: BAT Pattern and Support Levels Linde India Ltd has formed a BAT pattern in its stock chart, experiencing a 40% decline from its recent highs. The stock is currently positioned with an entry point around ₹5930, while a significant support zone exists at approximately ₹5200, coinciding with a three-year long-term trendline. Fundamental...

DragonFly-Trading

JM Financial Ltd has recently formed a butterfly pattern in its stock chart and is currently trading 32% down from its recent highs. The stock is finding support around the ₹114 level, which could present a potential buying opportunity for long-term investors. Fundamental Performance Overview Revenue Growth: In the last fiscal year, JM Financial reported a revenue...

DragonFly-Trading

Finolex Industries has recently formed a butterfly pattern in its stock chart and is currently positioned within a strong support zone around ₹200. The stock has experienced a significant decline of approximately 40%, making it potentially attractive for long-term investors. Fundamental Analysis of Finolex Industries Performance Overview: In the fiscal year 2024,...

DragonFly-Trading Updated 

Formation of Bat Pattern: Kalyan Jewelry has recently formed a Bat pattern, a bullish reversal pattern that suggests potential price increases in the near future. Strong Support Level: The stock is currently trading at a significant support level around ₹525, which may provide a solid foundation for a price rebound. Decline from All-Time High: The stock has...

DragonFly-Trading

Bat Pattern Formation: Sterlite Technologies has established a Bat pattern, which is often interpreted as a bullish reversal signal, indicating potential for future price increases. Recent Decline: The stock has declined approximately 18% from its most recent high, suggesting it may be undervalued and offering a potential buying opportunity. Long-Term Investment...

DragonFly-Trading

Crab Pattern Formation: Aditya Birla Capital has formed a Crab pattern, which is typically seen as a bullish reversal signal, indicating potential upward price movement. Key Support Level: The stock is currently positioned at a strong support level of approximately ₹167, which could act as a crucial point for a price recovery. Significant Decline from All-Time...

DragonFly-Trading

Britannia Industries is currently at a significant support level, having touched a four-year long-term trendline. The stock has declined 24% from its all-time high, making it a potential buying opportunity for investors. Fundamental Points for Britannia Industries (2024) Market Capitalization: Approximately ₹1,19,229 crore. P/E Ratio: Around 55.96, indicating a...