EfficientInvesting

EfficientInvesting

A combination of 1) Bearish Market depth sentiment 2) Weak FIIDII data 3) Weak ROA & ROE 4) Reduced QoQ Sales Growth, NPM On 3rd April 2023

EfficientInvesting

The stock is fundamentally strong with earnings above expectation for the Q4 2022 and an optimistic Q1 2023. There is increase in the GRM Inventories. The entry is in conformance with a RBR Strategy. Trade Risk is 330(Stop Loss) The TP are at 350,360,370 The Crude Oil Chart seems to have a contra-trend set-up which adds wings to TVC:USOIL this trade-strategy

EfficientInvesting

Resistance @ 99, 114 Support at 60 Revise targets in April, May and August 2023-25 Pros: 1)Reduction in GRM to increase the demand. 2)Green Initialtives to be housed in existing IOC franchises. 3)Stock is trading at 0.86 times its book value 4)Stock is providing a good dividend yield of 10.7%. 5)Company is expected to give good quarter 6)S/D Gap in EV...

EfficientInvesting

The current resistance zone is crucial for Hindalco Expect bounce back to previous uptrend channel atleast Keep watch for price-action at the channel restest (580-90)

EfficientInvesting

Hold at present levels Positive Results Chart Patterns suggest the begining of a triple bottom

EfficientInvesting

Hold and accumulate with targets of 5400+ There is resistance ahead @5100 so watch out and trade based on chart patterns Fundamentally Strong Expected to give a great quarter

EfficientInvesting

Anticipated start of a bullish uptrend Strong Fundamentals

EfficientInvesting Updated 

Trend - Long term Up trend Volume - Normal Volatility - High Momentum - Oversold Fundamentals very strong with good market outlook.

EfficientInvesting

Wait for the price to push off the pivot beware of bearish reversal in another timeframe, tight SL mandatory

EfficientInvesting

Wait for confirmation of the swing high Enter in the buy-zone

EfficientInvesting

Intraday Positions at trend Channel Momentum and Trend in the Positive

EfficientInvesting

Buy at 460 with tight stop and Targets as mentioned.

EfficientInvesting

Downward channel break is on the horizon

EfficientInvesting

32500 seems to be the closest resistance and momentum is heading that way reversal to be present through and after 36200

EfficientInvesting

Zones marked for the week pay attention to the SUPPORT AND RESISTANCE

EfficientInvesting

Watch out for 33500 TO 33300 for LONGS 33000 to 32800 for Shorts

EfficientInvesting

Watch out for key resistance and support

EfficientInvesting

Key Resistance: 14900, 15000 Key Support:14800,14700 and 14600