Defence Sector Going Offensive - Paras - Lord Parasuram's WeaponIndia's Defence Minister has said that Domestic Defence Manufacturing will be further strengthened || Defence Exports from India will be taken to an Unprecedented High :)
Amazing news to all Defence Stocks. One such pick is PARAS Defence and Space Technology
On Weekly chart - price has formed an Inverted Head and Shoulders Pattern. Both Breakout and Retest + Bounce - All Done :)
1st Target 1260 (previous ATH). When it breaks-out above 1260, it will initiate a Fresh Rounding Bottom BO for a much larger target of 2070
1st Recommendation was given around 670 levels on Aug 24, 2023. In less than 1 year, price has already reached 42%
When it reaches 1260 - it would be 87%
When it reaches 2070 - it would be 207% (3x) :)
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
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-Team Stocks-n-Trends
Defencesector
Defence Stocks Going Offensive :) - Taneja AerospaceTaneja Aerospace which had a 16 year long Breakout on 3 Months has already crossed 3x from our recommended level of 194 reaching the high of 567
The chart looks very similar to REC Ltd which also had a similar 16 year BO and reached more than 3x Multi-bagger returns
Quarterly View:
As per the long term view and earlier patterns, 2 targets were given 605, 695
Short Term View:
On Daily Timeframe, price has formed a Beautiful Cup and Handle BO and blasted 20% UC today. The Handle side was formed @ Fib 0.618 retracement level and Fib 1.618 Target matches precisely with the C&H Target of 732
New Targets 606, 696, 730++. From 3x the price is now preparing itself to reach 4x level soon :) :) :)
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
India's Growth Story - Top 5 Sectors which will be in Lime-LightA Quick Overview of Global Major Economies
Japan, US, UK, Australia, Germany are officially in Recession
USA has not declared Recession officially as it is just covering up the underlying problem
Chinese Economy is in serious turmoil
Now where does India Stand?
Which Sectors within India are dependent on these Foreign Economies?
Which Sectors are in "Atmanirbhar" status ? which can continue their Rally ?
As you all know Indian IT Industry is heavily dependent on Foreign Projects - US / UK / European / Australian IT Offshoring projects. Given these major economies are in Recession - IT will likely face "Some Impact". At the same time, globally there is big GaGa on Generative AI and Indian IT industry focussing on AI - is all set to Offset the negative impact from Classical Offshoring Projects. This will help ease some pressure on IT companies, but overall IT is expected to have slower growth
Keeping aside the Politics, the current Governmental Policies are so favorable for the following sectors and hence I believe in India's Growth Story and expect a Blasting Rally on the below sectors
Energy: India has transformed from a country begging western world for permission to buy Uranium for Domestic Nuclear Energy generation to a Country which stands tall on the use of All types of Green Energy (Solar, Wind, Hydrogen, Hydro-Electric etc...) and has become Truly Atmanirbhar in generating enough power for us. Green Energy is just starting up - there is much more to go and investments on Green Energy sector is only going to multiply after the Election
Defence: India again has transformed from being a Major Defence Equipment Importer to a Major Defence Exporter. This again is a Sunrise Sector and Indian Defence Sector is going to grow multi-fold in future both in Short and Long Term and hence the Rally would Continue and even Grow bigger after the Election
PSU: As you all know, the Central Govt is emphasizing on PSUs so much and advertising heavily in Parliament, Rajya Sabha/Lok Sabha to invest in PSUs. Irrespective of any politics, given the upcoming Election, the Govt cannot afford to have an impact to their Brand Image if PSUs crash. They won't allow that either Pre-Election or even Post-Election and Technically many PSU stocks are on the verge of Breakout / doing a Retest after break out. Long long way to go on PSU side
Railways: With 3000+ New Trains, Bullet Trains, Conversion of traditional trains into Vande Bharat - the govt has made their plans clearly and invested heavily on Railway Modernisation plan. Even in the Interim budget there is strong Emphasis on Railway sector which is only going to multiply after the Election and hence the brief pause that we see in Railways will get released post Election and there is much Bigger Rally awaited in Railways in the next 3-5 years
Infra: Next to Railways, the Govt has emphasized and invested heavily on the Infrastructure development and expansion throughout the country and detailed out their intentions even during the Interim budget. India's Road / Rail / Sea & Airport Infrastructure is seeing a Massive Growth in recent years making the setup ready for Make-in-India Theme and Ease-of-Doing-Business themes drawing huge amounts of Foreign Investments
Given these reasons, I see a major and continued growth and expansion of the above 5 Macro Sectors and their dependent Sub-sectors like Cement, Steel & Metal sectors both in Short and Long Term (both pre and post-Election)
I believe in India's Growth Story - both the Story & Screenplay are super Strong and Indian Economy is positioned so strong among their Global Peers and heading for non-stop growth while other majors have started to fall down (China, Germany, Japan, UK, France, USA etc...)
Keep Holding your Winners. Always Analyse Technical Charts, Support & Resistance Levels of Individual Stocks before taking position
Disclaimer:
Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
War/Defence Stocks: Macro Fib SchematicsThis handcrafted idea using Advanced Fibonacci Tools beholds 6 of the largest War Mongering "Defence" contractors.
( Raytheon, Boeing, Lockheed Martin, Northrop Grumman, General Dynamics, L3 Harris Tech )
These Fibonacci Schematics show all price manipulation of Support and Resistance. I've started the timeline at 1999 for many reasons. One being the already conceived and "soon to be" conflicts of the Middle East with the "war of terror." (Give me a break)
2001 kickstarted another HUGE flow of stimulus into these defence contractors to fund the West's newest war to keep people "proud to be an American". Solely by continuing the collective punishment of millions of people in the Middle East region. This had already been going on for about 2 decades at least before 9/11.
The American Government killed hundreds of thousands to millions of Iraqis and Afghanistan people through this collective punishment. They needed a way to continue their genocidal intent and ethnic cleansing with a false flag terror attack to get the American People back on their side. 9/11 brought out the worst in our country and the "PatRioTiC" US citizens green lit their leaders to dish out more collective punishment even though their leaders had been lying though their teeth for countless years.... I need give only one example with "weapons of mass destruction"
Obviously this matters because these Defence Contractors have blood all over their hands that they are basically swimming in it.
Anyways, this is just a Macro Analysis. These lines represent death and destruction so investing in them is a moral dilemma which I obviously advice against.
Raytheon on the breakout ?A repeated patter on the weekly RTX chart appears to be forming, and technical indicators are set up similarly.
The daily chart is also in alignment as previously. Technical Indicators have just crossed over and suggest a breakout is in order.
About 15% upside potential with upside target at 113.80, about mid-September 2022.
Fundamental and geopolitical alignment should start appearing soon...
Watch this one!