NoobInvestor_76

NoobInvestor_76

double bottom formation Good momentum on Weekly and Monthly charts All time high breakout with good momentum RSI, ADX and MCAD supporting good momentum on daily charts

NoobInvestor_76

Good base formation (rounding bottom) Outperforming NIFTY ADX, RSI and MCAD bullish in weekly TF ATH Breakout with good momentum

NoobInvestor_76

Asian paints has been outperforming Nifty recently Breaking out of ATH MACD Histogram turning positive

NoobInvestor_76

Short term breakout HH-HL formation ADX moving above 25 in favorable zone Stock could gain momentum from here

NoobInvestor_76

Gaining momentum HH-HL formation in daily basis Breakout of previous swing high

NoobInvestor_76

Good fundamentals- only red flag is promoters pledged 85% of their holdings Breaking ATH with good momentum ADX, MACD and RSI are in favorable zone

NoobInvestor_76

PSU bank index is showing signs of bullishness and momentum One can buy Nippon India PUS Bank Bees at CMP and keep adding on any dips

NoobInvestor_76

Hidden Bullish divergence on RSI Breaking Breaking time High Good Momentum Good Set-up of Strength ADX & DMI

NoobInvestor_76

Breaking out of Weekly 200EMA after testing it 3-4 times RSI Hidden Bullish Divergence Low Volume Pull Back followed by High volume Breakout Ascending Triangle Breakout

NoobInvestor_76

Bank Nifty (BN) has so far not participated in Bullish rally that we have seen in other indices. Last week BN has given convincing Breakout of Feb'21 ATH. Breakout has happened after 4 weeks of tight consolidation which is a bullish sigh To take advantage of BN breakout one can buy NIPPON INDIA BANKBEES at CMP 396 and buy at ever dips

NoobInvestor_76

Breakout stock supported by momentum and breakout of PSU Bank index

NoobInvestor_76

+ Higher High - Higher Low formation on Daily Chart + Cup and Handle formation + Break out of ATH +Strong Momentum on Weekly and Monthly Chart + Bank Nifty Breakout

NoobInvestor_76

Price Breakout accompanied with Hidden bullish divergence on Weekly chart Monthly RSI >60 depicting good momentum Weekly MACD turning green

NoobInvestor_76

Nifty Auto is showing Bullish Hidden RSI divergence on weekly chart MCAD set for turning +ve ADX (+DMI) set to show strength by crossing 25 levels Instead of chasing individual stocks, one may invest in UTI Transportation & Logistics Fund Regular Plan Growth which holds top quality names in Auto and Auto Ancillary space

NoobInvestor_76

Breaking ATH with good momentum and strength RSI, MACD & ADX all showing Bullish bias Banking and Finance sectors are showing strength

NoobInvestor_76

Cons Stock is expensive with MCap to Sales 16.2 & Stock P/E 175 vs Industry PE 26 Debtor days 251 Pros Sales Growth 67% QoQ Profit Growth 200% Technical Breakout with good volume and Momentum

NoobInvestor_76

+ Ve + Zero debt company (Debt to equity 0.02) + Debt reduced from 79 Cr to 8 CR + MarCap to sales 0.57 + Low Price to book value and PEG + PE 12.3 < Industry PE 22.2 + Good early '21 and Quarterly results March'21 + ROCE increased from 5% to 18% + FIIs increasing holding -Ve - Micro cap 700 CR company Technical + Breakout of 2019 price + HH-HL structure on...

NoobInvestor_76

+ Cheap valuation MCap to Sales 1.82 & Price to Book 1.98 + Debt reduced from 9K Cr. to 3.6K Cr + HH-HL formation in Weekly Chart + Price Breakout coincides with Breakout of CNXREALTY