Beautiful Inverse Head & Shoulder under formation in Nifty. 23750-24000 range is going to be strong support zone in coming weeks.
The stock price of IRCTC has fallen below major support levels and currently offers good positional opportunity. The business has a monopoly and the current news flows had impacted the sentiments negatively. The news impact seems to be over and the stock is prepared to perform. Note: The idea shared is aimed at spreading practical awareness of the theoretical...
Stock P/E - 12.8 EPS growth 5Years - 40.3 % Current ratio - 1.25 The idea shared is to spread awareness about the concepts of technical analysis. The stock discussed is an example to illustrate support & resistance trading.
The strongest Adani Group company with sound financials and comfortably manageable debt along with sound current ratio. Stock P/E - 14.8 ROCE 5Yr - 16.6 % ROE 5Yr - 39.2 % Debt to equity - 0.80 Current ratio - 1.60 The technical chart pattern suggest an entry. Note: The idea is intended to spread awareness regarding the ratios that you should consider before...
Amazing opportunity in an amazing business. Bajaj Finance had broken out of a complex cup & handle pattern and have fallen since with the falling market. The fundamentals in my views are ever strong and the financial performances are unparalleled. The valuations are around the all-time low. This isn't a buy call and should be considered as a source of learning to...
Iran contributes nearly 3.3% of total crude oil production globally. Nifty has corrected almost 5% due to the fresh conflict escalation between Iran and Israel. Though I am certain that this isn't the end of the conflict, rather, Iran will have to face the wrath of Israeli counter, but unless any third party gets involved except the US, the correction in Nifty...
SBI's stock has been under consistent pressure after Q1 earnings. It is now trading at long term channel support and at historically low valuations. For people unaware of the fact, State Bank is India's LARGEST PROFIT MAKING company. Yes, you heard it right. SBI has reported net profits more than the likes of Reliance Industries and HDFC Bank for Q1. As a...
JSW Steel charts are showing clean Cup & Handle formation. With the interest rates set to decline, metal sector as a whole looks well placed for a rally. Please do your own research and analysis before making a financial commitment.
Fundamental plus Technical Analysis on a Financially Strong Company: Narayana Hrudalaya Ltd is engaged in providing economical healthcare services. It has a network of multispecialty and super specialty hospitals spread across multiple locations. Focus Company plans to add 700 plus beds for the next 3-4 years at Bangalore Health City. It intends to invest upto...
BSE shares today faced the wrath of SEBI directive seeking the payment of regulatory fee (both historical and current FY). Although this is not a fresh buying suggestion, but as evident from the chart, there had been a recent flag pattern breakout which still has not been violated. People holding can continue to do so until the levels marked at the bottom aren't breached.
~ Largest bank from Industrial state of Gujarat ~ P/E -> 6.49 ~ EPS growth 5Years -> 54.6 % ~ Price to book value -> 1.03 ~ Dividend Yield -> 3.15 % ~ ROE 5Yr -> 9.87 % Strong Financial position with outstanding Financial performance. Please note this idea is to spread awareness and NOT a buy recommendation. Do your own research before making any financial commitments.
A technical chart pattern has emerged on the charts of Idusind Bank. Please understand that this idea is for spreading awareness and to share my understanding of charts and technical analysis. This is not a buy/sell recommendation.
The Strongest stock in one of India's fastest growing sectors has fallen to very strong support. The fundamentals of the sector were hurt due to lengthy high interest rates, which are soon to witness the much favorable downturn. Company fundamentals are still intact though and it is the leader in small finance industry. This idea is to spread awareness and should...
As an investor, you need to think exact opposite of traders (in FUNDAMENTALLY strong stocks). At these major breakdown levels, big players get enough quantities to buy the promising investment opportunities. To outperform 90% people, you need to out-think them first. This idea is to spread awareness and should not be considered as basis of any financial...
After a stellar half decade post Covid, the shares of Public Banks have shown signs of exhaustion. But, the underlying companies are in good financial shape and posting record top and bottom lines. I still believe there is a lot of steam left in the like of Canara, BoB and SBI. I can see these stocks and the whole index turning back and hitting record highs in...
Indices are far more reliable during technical analysis as compared to the individual stocks. The pattern is a clean one in Nifty Pharma Index. This is to spread the awareness about technical chart patterns and not a buy/sell recommendation. Always do your own research before making any financial decision.
Leading Indian Bank has underperformed since 3 and a half year. Currently presenting a good technical opportunity. Do study the chart pattern and do not forget to undertake your own research before making any financial commitments.
IRCTC has broken out over the neckline of Reverse Head and Shoulder Pattern. Refer the chart to get more clarity over the levels.