Voltas, India, should target 1338 after crossing 1100Daily chart, the stock is generally in uptrend direction with some tendency for correction to 985, then will rebound to 1090. Above this 1090-1100, the target will be 1338
Technical indicators RSI and MACD are supporting the correction action
Stop loss should be considered below 965
India
Tata Consult. should target 4733 after crossing resistanceDaily chart, the stock is trading in an uptrend.
The technical indicators RSI and MACD are showing higher probability to cross the Resistance line (blue) at around 4020 - 4025
After crossing, the target will be 4733
Stop loss below 3830 should be considered
#Banknifty Higher timeframe Major update#Banknifty
Higher timeframe Update
There are 2 zones that I am eyeing for potential botton.
1) 45800-46300: This is a breakout zone and Banknifty has already tapped it. We can see some consolidation in this zone before any major move either side.
2) 44950-45490: Big gap pending zone. Market rarely leaves such gaps/ inefficiencies open. If this is mitigated, it would be very bullish overall for Banknifty.
#IKIO - Base formation happening#IKIO
Bought some IKIO Lightings Ltd shares @₹324.15/-
Stock available at a discount of >17% from stock listing price in Jun’23
Small-Cap Company has good fundamentals; can give good returns.
I would be worried only if stock breaks recent lows, else relaxed on this one.
Birlasoft should target 930 after crossing resistanceDaily chart, the stock is trading in an expanding triangle with a tendency to cross the resistance.
After crossing (at around 783), the target will be 930, extending to 1099
Technical indicator RSI is positive
Support A line should be considered for a stop loss level.
Below support line A, the stock will have higher tendency to test support B.
Oil & Natural Gas India is in uptrend to 272Daily chart, the stock has formed 2 patterns, rising channel and cup & handle. The first target is 230.9 and the second is 272.2 (on the weekly chart)
The technical indicator RSI is at the over-bought area, and it means some correction is due, before going up.
Stop loss at 205 - 200 to be considered.
Will Global Education beat the resistance and reach 421 ?Weekly chart, the stock could not beat resistance A and B. I think it seeks a good support level to rebound.
Above resistance B, the target will be 421
Below support A, the shaded area may work as a magnet for some time, then either the stock moves upwards or to test support B
As there are multiple scenarios, be careful!
Reliance Power India to target 57.3 after crossing resistanceWeekly chart, Reliance Power stock is trading in an expanding triangle.
After crossing the resistance (blue) line at around 33.1, the target will be 57.3 - passing through some intermediate resistance levels.
Stop loss should be considered after closing below the dashed red line.
Technical indicator MACD is positive, while RSI is in the over-bought zone - which usually indicates a correction is due.
#VASCONEQ stock with good fundamentals and good technicals.#VASCONEQ
Another small cap stock with good fundamentals and good technicals.
Has reclaimed a very important S/R zone on higher timeframe.
Some quantity can be bought at current levels because of breakout on daily timeframe.
Also, In my opinion, ₹59-₹71 zone is a good zone for accumulation if market gives a chance.
I see another 50-60% upside as first target and this can also be a multi-bagger easily in long-term.
UNION BANK LOOKING GOOD TO BUY - LONG TERM INVESTMENT CUP PATTERN
Entry Price - 100
SL - 80
Targets - 120,140,170
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AVANTIFEED get it on chaap price ;-p
Market Cap ₹ 5,468 Cr.
Current Price ₹ 401
High / Low ₹ 488 / 321
Stock P/E 18.6
Book Value ₹ 134
Dividend Yield 1.56 %
ROCE 16.7 %
ROE 12.6 %
Face Value ₹ 1.00
Pros
Company has reduced debt.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 35.7%
Company's median sales growth is 15.3% of last 10 years
Cons
The company has delivered a poor sales growth of 7.50% over past five years.
Aditya Birla Capital Ltd At Discount 8-)Key Points
Diversified Portfolio
The co. has a portfolio across Lending, Insurance, Asset management, and Other services which caters to a wide range of customer segments, needs, channels, and geographies.
Company is almost debt free.
Company has delivered good profit growth of 31.4% CAGR over last 5 years
Company's median sales growth is 26.0% of last 10 years
Market Cap ₹ 42,022 Cr.
Current Price ₹ 162
High / Low ₹ 199 / 133
Stock P/E 251
Book Value ₹ 51.0
Dividend Yield 0.00 %
ROCE 1.84 %
ROE 1.41 %
Face Value ₹ 10.0
India's Nifty 50 Breaks Out in 2023, Expecting A PauseSo far this year, the iShares MSCI Emerging Markets ex China ETF (EMXC) is up 17% total return. The performance across EM, including the world’s second-largest economy (China), is not as strong. The iShares Emerging Markets ETF (EEM) is up less than 7% with dividends included. Among the standout countries in 2024 is India. Its Nifty 50 Index broke out to fresh all-time highs earlier this month, helping to showcase the broadening out of the equity rally in 2023. The index, heavy into Financials stocks but also with a significant weight to the Information Technology sector, catches macro investors' attention for access to a country with strong population growth trends.
I assert that the Nifty 50 has a bit more room to run, but expectations should be temperated heading into 2024. I took a look at the historical trends on the Nifty 50 Index. In the last 20 years, January and February each have averaged negative total returns with positivity rates below 50%. Investors often must wait until March and April for decent gains. Of course, seasonality comes second to price, so let’s delve into the technical situation and my ‘chart of the week.’
I see some near-term resistance potential around the 22,000 mark. I arrive at that conclusion based on the trading range and breakout from late 2021 through the middle of this year. Resistance was seen near 18,700 while the 2022 low of just under 15,400 made for a range of about 3,400 points. Add that height on top of the breakout point of 18,700, and we get a target of 22,100. That is only about 3% above the current index level. So, while the long-term trend in the Nifty 50 is strong, an early-year pause may be in the works. Investors can play the Nifty 50, albeit with some currency differences, through the iShares India 50 ETF (INDY).
#WSTCSTPAPR / West Coast Paper Mills looks ready for 40% move#WSTCSTPAPR / West Coast Paper Mills Ltd
Looks amazing at current levels. Paper stocks were in focus few months back and should be back in focus soon I believe.
Technical and Fundamentals of these stocks are good. Stock was in consolidation mode for 1 year before the breakout and now retesting previous ATH levels.
I'll be looking to buy this on Monday as soon as market opens.
CMP: ₹674.70/-