ASCENDING TRIANGLE IN TATA MOTORS ???- By seeing the daily chart it is been clear that it is forming ascending triangle but the question is how to trade ?
- To enter the trade we have to wait for breakout once it breaks 818-820 then the next candle has to breakout the high of of previous candle so we are double sure that it's not a fakeout.
- The target will be around 890-894, but it can give a pullback around 850-855 level so if anyone who missed that can buy on a pullback.
- Don't buy in hurry immediately after pullback check out the price action and behavior of market.
- Stop Loss will be around 750-755.
This is not any buy recommendations, This are all my personal view and knowledge which I am sharing.
Search in ideas for "tata motors"
ENTRY I WAS LOOKING FOR - TATA MOTORS FOR YOUEverything is pretty much explained in the picture itself.
I am Abhishek Srivastava | SEBI-Certified Research and Equity Derivative Analyst from Delhi with 4+ years of experience.
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Hyundai India Stock AnalysisTechnical Analysis of Hyundai India (1-Hour Timeframe)
1. Falling Wedge Pattern
The chart displays a falling wedge pattern, which is a bullish reversal setup. After a prolonged downward movement, the price has broken out of the wedge, indicating a potential upward trend.
The breakout is supported by higher volume, which validates the strength of the move.
2. Breakout and Target
The breakout from the wedge suggests an initial target around ₹1,900, based on the height of the wedge projected from the breakout point.
If momentum sustains, a further move towards higher resistance levels can be expected.
3. Support and Resistance Levels
Immediate Support: ₹1,800, which aligns with the wedge breakout zone.
Key Resistance Levels:
₹1,860: Minor resistance zone before the projected target.
₹1,900: Target zone based on the wedge projection.
4. Volume Analysis
The breakout candle shows increased volume, suggesting strong buying interest. Continuation of this trend would confirm sustained upward momentum.
5. Moving Averages
The price is trading above short-term moving averages, indicating a bullish trend. These averages could act as dynamic support during retracements.
Fundamental Analysis
1. Company Overview
Hyundai Motor India is a key player in the Indian automotive market, known for its wide range of vehicles and innovative technologies.
It has a strong focus on electric vehicles (EVs), making it well-positioned in a rapidly evolving market.
2. Revenue Growth
Hyundai India has seen consistent revenue growth, supported by strong domestic demand and an increasing share of exports.
Its leadership in the SUV segment and focus on EVs have been driving sales.
3. Market Position
The company is one of the leading automakers in India, with a strong brand presence and an extensive dealer network.
It continues to invest in expanding its EV lineup, targeting the growing demand for green vehicles.
4. Challenges
Competitive pressures in the Indian auto market, especially from Tata Motors in the EV space.
Dependence on supply chain stability for semiconductor components, which could impact production schedules.
5. Sector Outlook
The Indian automotive sector is poised for growth, driven by rising disposable incomes, infrastructure development, and the transition to EVs. Hyundai's strategic positioning in both ICE and EV markets provides a competitive edge.
Conclusion:
Technical Outlook:
The breakout from the falling wedge suggests bullish momentum with targets at ₹1,860 and ₹1,900.
Immediate support lies at ₹1,800, and volume is confirming the breakout strength.
Fundamental Outlook:
Hyundai India has strong fundamentals with consistent revenue growth, leadership in key segments, and a focus on future-ready EVs.
The company is well-positioned to capitalize on India's automotive growth story.
JAMNA AUTO--accumulateLooking good in chart at one of the good support zone , accumulate for good returns. Company is currently supplying springs to aftermarkets in over 15 countries. Looking to add ~40 new countries. ~800 number of existing part numbers for export. client -Ashok Leyland, Force, Fuso, GM, Bharat Benz, Isuzu, Mahindra, Renault Nissan, Scania, SML Isuzu, Escorts, Tata Motors, UD Trucks, Volvo, etc. major aim --1. Increase contribution from new products from 47% in FY24 to 50%
2. Increase contribution from new markets from 21% in FY24 to 50%
3. Increase ROCE and dividend payouts to 50%
Nifty on a record breaking spree approaches another channel top.Nifty again had a breathless run today and closed at 26216 after making a new all time high of 26250. the scope of growing further looks limited but with lot of large caps picking up pace and rotation from mid cap and small cap stocks towards large caps is helping the Nifty move further. FIIs and DIIs are both on a buying again probably indicating a move towards large caps. Heroes of the day today were Maruti Suzuki, Grasim and Tata Motors along with Bajaj Twins, M&M and Shriram Finance. Large cap banks did not much much but are not relenting as well. The parallel Channel indicates the channel top near 26443 with resistances at 26250 and 26338. Supports for Nifty is near 26029. Again the zone between 25865 and 25812 will be the most significant support as this zone contains the mid channel support along with Mother line support. The rally can turn bearish (Looks less likely as of now but you never say never) below 25282. Shadow of the candles look neutral to positive as of now.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Sensex Analysis for 09-08-2024: Support & Resistance LevelsSensex’s Next Move: Will It Break 79,700 Resistance or Dip Below 78,270? Stay Cautious!
The Sensex faced a challenging trading session today, closing 581.79 points lower at 78,886.22. The market opened at 79,468.01 points but failed to sustain its initial momentum. Key sectors, including IT, metals, and energy, saw significant declines, contributing to the overall downturn. In contrast, the pharma sector performed well, driven by positive expectations. RBI Governor Shaktikanta Das reiterated the central bank’s commitment to maintaining key rates, emphasizing inflation control and economic growth amidst global uncertainties. Increased volatility and cautious investor sentiment marked the trading session, reflecting concerns over both domestic and international economic conditions.
Technical Indicators for Sensex:
Max Pain: 79,000
PCR (Put-Call Ratio): 0.55 Bearish
IV (Implied Volatility): 23.82 as of the closing on 08-08-2024.
Support Levels
Sensex is expected to face significant support around the 78,270 mark, with further support at 77,750.
Resistance Levels
On the upside, the resistance levels are projected to be around 79,400 and 79,700.
Market Sentiment
Based on the option chain analysis and technical indicators, the market has shown a tendency to trade within a defined range. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicate a neutral to bearish trend in the short term. The RSI has given a negative crossover, and with higher time frame oscillators also turning negative, the momentum seems to favor a downside unless a breakout above the resistance levels is observed.
Top Performers: Tata Motors, HDFC Life, SBI Life, Cipla, and HDFC Bank were the top gainers of the day.
Top Losers: LTIM, Grasim, Asian Paints, Apollo Hospitals, and Infosys faced significant declines.
RBI's Role: The RBI kept the repo rate unchanged for the ninth consecutive time, emphasizing a cautious approach to balance inflation control with economic growth
Stay tuned for more updates on Sensex prediction to navigate the volatile market conditions effectively.
Disclosure: The publisher of this idea is not a SEBI registered analyst. The information shared here is solely for educational purposes and should not be interpreted as financial advice. Always consult with a qualified financial advisor before making any investment decisions. The publisher does not endorse social media shares on any platform.
Responsive Industries Limited : Possible smart upsideResponsive Industries Limited: A Comprehensive Analysis
Business Model:
Responsive Industries Ltd. (RIL) operates in three main segments:
• Luxury Vinyl Tile (LVT): Their IMPACT® LVT range provides premium flooring solutions for high-traffic areas.
• Resilient Sheets & Vinyl Flooring: They are a leading Indian manufacturer of resilient vinyl flooring, SPC & LVT, catering to residential, commercial, and industrial sectors
• Synthetic Leather: RIL offers a wide range of synthetic leather with diverse applications in upholstery, Railways, automotive, footwear, and accessories.
• Synthetic Ropes: 95% sales is export to 35 countries for Construction and Marine applications.
• Waterproof Membrane : Producer of Geo-Synthetic Membranes used in infrastructure tunnels, Roofing systems and Construction Applications
RIL relies on a B2B and B2C distribution network, including over 75 distributors in India and exports to over 65 countries. Their business model focuses on:
• Product innovation: They invest heavily in R&D to develop new designs and high-performance flooring solutions.
• Quality control: Their products are certified under international standards like FloorScore and ASTM.
• Brand reputation: They have established themselves as a reliable and trusted brand in the vinyl flooring and synthetic leather market.
RIL boasts a diverse clientele across various industries, including:
• Domestic:
o Surface transport: Dominant player with 85% market share, supplying flooring for buses, trains, and metros.
o Three-wheeler upholstery & canopy: 95% market share, providing durable and weatherproof solutions.
o Domestic PVC flooring: Strong presence in residential, commercial, and healthcare sectors.
o Synthetic ropes: Key player with 60% market share in the domestic shipping ropes industry.
• International:
o Exports to over 65 countries: Strong presence in Europe, North America, and the Middle East.
o Reputed clients: Indian Railways, Mercedes Benz, Tata Motors, Volvo, Seven Hills Hospital, Big Bazaar – demonstrating brand recognition and quality.
Orders in Hand:
Company has more than 150 Cr orders are in hand that includes 100 Cr orders from Indian Railways only (September 2023) indicate:
• Healthy order book across all segments: Strong demand for flooring, leather cloth, and ropes.
• Government projects: Supplying flooring for Karjat-Pune Rail Project and Western Freight Corridor, indicating significant contracts.
• Focus on private label and branded relationships for export: diversifying revenue streams and catering to specific market needs.
Additionally:
• RIL emphasizes product innovation, recently launching its IMPACT® Tranquil® LVT with soundproofing and IMPACT® HD LVT for heavy-duty applications.
• Their focus on sustainability includes eco-friendly flooring solutions and certifications like FloorScore and ASTM.
Fundamentals:
• Revenue: CAGR of 14.7% over the past 5 years, reaching €84.7 million in FY23.
• Profitability: Net profit margin has fluctuated around 8-10% in recent years.
• Debt: Debt-to-equity ratio is moderate at around 0.5, indicating healthy financial management.
• Return on equity (ROE): Averaged around 18% over the past 5 years, demonstrating efficient use of shareholder capital.
Latest 5 Years Financials:
(Key metrics as of FY23)
• Revenue: €84.7 million
• Net profit: €8.5 million
• Earnings per share (EPS): €0.52
• Debt-to-equity ratio: 0.52
• ROE: 17.8%
Solvency:
RIL maintains a healthy solvency position with a current ratio of over 2.0 and a debt-to-equity ratio of 0.52. Their cash flow from operations is also positive, indicating sufficient liquidity to meet their financial obligations.
Future Outlook:
The vinyl flooring market is expected to grow at a CAGR of 5-7% globally, driven by factors like increasing urbanization, renovation activities, and preference for durable and low-maintenance flooring solutions. RIL is well-positioned to capitalize on this growth through its strong brand, diverse product portfolio, and export network.
However, challenges such as raw material price fluctuations, competition from other flooring materials, and potential economic slowdown could impact the company's performance.
Latest Updates:
• RIL recently launched a new range of IMPACT® Tranquil® LVT flooring with enhanced soundproofing properties.
• They are expanding their production capacity with a new plant in Gujarat, expected to be operational by 2025.
• The company recently announced a dividend payout of €0.30 per share.
Overall, Responsive Industries Limited appears to be a financially sound company with a strong competitive position in the growing vinyl flooring market. However, it is important to stay informed about potential challenges and monitor the company's future performance to make informed investment decisions.
Please let me know if you would like me to analyze any specific aspect of RIL's business or financials in more detail.
TATAMOTORS - Elliott Wave CountTATAMOTORS - Elliott Wave Count
Tata Motors appears to be ready for a bearish move towards 590. The market seems to have completed the irregular Wave B, and we can now expect a Wave C with a target of 590 and below. It is important to note that if the market crosses above 678, which is our Stop Loss (SL), the current view will be considered invalid.
It is crucial to exercise caution when trading and keep in mind that this information is for educational purposes only.
NSE:TATAMOTORS NSE:TATAMOTORS BSE:TATAMOTORS NSE:TATAMOTORS1!
Bearish Cypher and Bat Patterns in Harmonic: An Educational Post🎢**What are Harmonic Patterns?**
Harmonic patterns are a type of technical analysis that uses Fibonacci ratios to identify potential turning points in the market. They are based on the idea that the market tends to move in geometric proportions. 📐Fibonacci ratios are a set of numbers that are derived from a mathematical sequence. They are often used in financial markets to identify potential support and resistance levels.
**What is the Cypher Pattern?**
The Cypher pattern is a five-point harmonic pattern that is often used to identify potential price reversals. It is characterized by the following Fibonacci ratios:
* XA retraces 0.382 to 0.618 of the previous swing
* AB retraces 0.382 to 0.618 of the XA swing
* BC extends to a minimum of 1.272 and a maximum of 1.414 of the XA swing
* CD retraces 0.786 of the XC swing
**What is the Bat Pattern?**
The Bat pattern is another five-point harmonic pattern that is used to identify potential price reversals. It is characterized by the following Fibonacci ratios:
* XA retraces 0.382 to 0.5 of the previous swing
* AB retraces 0.382 to 0.886 of the XA swing
* BC extends to 1.618 to 2.618 of the AB swing
* D retraces 0.886 of the XA swing
**How to Trade Cypher and Bat Patterns**
Cypher and Bat patterns can be traded in both bullish and bearish markets. However, they are more likely to succeed if they are traded in the direction of the overall trend.
**Tips for Trading Cypher and Bat Patterns**
* Look for patterns that have clear and well-defined Fibonacci ratios.
* Trade in the direction of the overall trend.
* Use risk management techniques.
**Interesting Example:**
A similar pattern was observed in Tata Motors from year 2009 to 2021. The stock had a rollercoaster ride, but it eventually reached new highs in 2023. 🎢📈
**Potential Outcome:**
If a Bat & Cypher pattern is in the making in S&P 500, we could see the index reach 2800 levels by August 2024. 📈🚀
**Conclusion**
Cypher and Bat patterns are two popular harmonic patterns that can be used to identify potential price reversals. They can be traded in both bullish and bearish markets, but they are more likely to succeed if they are traded in the direction of the overall trend.
**Please note:** Harmonic patterns are not a perfect trading system. There is no guarantee that the market will reverse after a Cypher or Bat pattern is completed. However, these patterns can be useful tools for identifying potential trading opportunities. 🔍
However, I am not a financial advisor and cannot provide financial advice. Please do your own research before making any investment decisions. 💰