#SOLARA Looking Good for Long-Term Holding around 1 YearStrengths:
Established market position in key APIs, along with strong customer and supplier relationships: Solara has a strong portfolio of APIs in key therapeutic segments, with expertise in anthelmintic, anti-malaria, anti-infective and non-steroidal anti- inflammatory. Furthermore, it has been increasing its focus on the non-steroidal anti-inflammatory segment by adding capacity and working on other therapeutic segments. Solara has a diversified customer base, with more exposure to regulated markets. Its longstanding presence in the industry has helped Solara build healthy relationships with customers and suppliers.
Moderate financial risk profile: Solara's financial risk profile is moderate marked by comfortable capital structure, albeit constrained by expected weakening of debt protection metrics. Gearing remained healthy at less than 1 time as on March 31, 2023, while networth was robust at Rs 1083.01 crore. However, networth and gearing are expected to deteriorate to Rs 835.98 crore and 1.09 times, respectively, as on March 31, 2024 led by net loss owing to the fire incident. Debt protection metrics, likely to be negative in fiscal 2024, are expected to improve in fiscals 2025 and 2026. Improvement in financial risk profile would remain a key monitorable.
Weaknesses:
Exposure to risks relating to strict regulations: Most of the products manufactured by Solara face increased inspections and regulatory actions by authorities, such as the US Food and Drug Administration (US FDA). Additionally, production of a few products involves waste discharge, which needs to be treated in effluent treatment plants (ETPs). Thus, Solara needs to invest continuously to upgrade ETPs and bring efficiency in the process to reduce waste discharge.
Large working capital requirements: Working capital requirements are sizeable as reflected in significant receivables and inventory of around 142 days and 156 days, respectively, as on March 31, 2023 and is estimated to be over 120 days each for fiscal 2024. CRISIL Ratings expects working capital requirements to gradually improve over the medium term with an increase in revenue contribution from the new plant. Correction in working capital requirements that shall aid liquidity shall be a key monitorable.
Volatility in operating profitability: Operating profitability fluctuated between 23.78% and 9.3% in the last 3-5 fiscal and in the current fiscal the company is making further losses due to the fire accident. Going forward, the ability of the company to demonstrate sustained improvement in operating margins will be a key sensitivity factor.
Investment
🔥 35% - 50% Upside Potential | BSOFT 🔥 35% - 50% Upside Potential |
NSE:BSOFT
Bullish Reversal confirmation after DOJI
✅ Buy Level - Rs 580-598
✅ SL - Rs 559
✅ Target - Rs 639/669/695/748/861
✅ Bullish Reversal confirmation after DOJI
✅ RSI moving upwards of 40
Trade :-
✅ Buy Future Rs 580-598
✅ Buy Equity
Look at the chart for more information
Do share your thoughts on the analysis. Lets decode the charts together.
Jindal Steel & PWR InvestingJindal Steel & PWR
Debt free company
Stock is trading at 0.99 times its book value
Company is expected to give good quarter
Company has delivered good profit growth of 38.37% CAGR over last 5 year
Investors can add around 300-350.
SL close below 250
Targets 400, 450, 500, 570, 600+
Please like and follow.
-Saptarish Trading
Silver (XAGUSD): Surge Beyond $28 or Pullback?The entire precious metals sector, including Silver, is currently of great interest, not just gold. For silver, we currently assume that we are probably nearing the end of Wave (iii), which can reach a maximum of 28.51 dollars. We are currently within our target zone for the Wave 5s, so it will likely be challenging to break through and invalidate the 461.8% extension level. If that were to happen, we would need to make adjustments. Otherwise, we believe we might see another drop to between 38.2% and 61.8%, i.e., between 25.75 dollars and 24.30 dollars. We will not place a limit order just yet. We first want to see some sell-off in this market before placing a limit order, to avoid having to adjust it frequently if it gets invalidated. So, wait until we send out the limit order.
Strong Buy Petronet cmp 214, target 300, Timeframe 1 month.Petronet is into developing, designing, construction, operation of owned and import Liquified Natural Gas(LNG) terminals in India.
The company is in the niche business of transportation, storage and regasification of LNG. It owns and operates 2 regasification terminals at Dahej (Gujarat) and Kochi (Kerala) with a combined capacity of 22.5 MMTPA. It accounts for 40% of gas supplies in the country and handles ~75% of LNG imports in India. The company's major customers are GAIL, IOCL and BPCL.
Petronet LNG has pioneered the concept of consumption of LNG as liquid ONLY in long distance heavy duty trucks and inter city buses. Small Scale LNG (SSLNG) includes supply of natural gas in the form of LNG to small consumers through unconventional transportation methods like trucks, small vessels etc
Petronet is taking initiatives for promoting environment friendly LNG as a fuel in road transportation. It has commissioned India's first LNG dispenser stations inside Dahej & Kochi LNG terminals and has also commissioned the first commercially approved LNG powered buses of the Country.It has signed MOU's with IOCL, Indraprastha Gas Limited, Sabarmati Gas Limited, State Roadways Corporation like KSRTC for running few buses on LNG and establishing LNG dispensing stations at their locations.
Petronet LNG is planning for construction of LNG regasification terminal at Bangladesh. It has submitted detailed feasibility report for construction of storage and gasification terminal in South Andaman. Similarly it is planning for setting up a Floating storage & regasification terminal at Colombo, Sri Lanka along with Japanese consortium.
Petronet is planning for expansion of the capacities at Dahej Terminal to 22.5 MMTPA from the current 17.5 MMTPA.
Key Ratios:
ROCE - 26.6 %
ROE - 22.8 %
EPS - ₹ 22.7
Dividend Yield - 3.27 %
Debt to equity - 0.20
Price to book value - 2.00
Stock P/E - 9.44
Industry PE - 18.1
Conclusion:
With such a high ROCE and good dividend yield, Petronet is just trading at PE of 9.44 which is considerably undervalued as compared to Industry PE of 18. Technically the stock is poised to give a sharp movement upside as it started rising from strong support zone which is a double bottom pattern and the trend bullish structure is intact. Earlier the breakout of trendline is acting as as support. Trendline connecting lows was taken out for a few days only to grab a liquidity and exit weak hand and to retest strong support levels and from there it has risen sharply with high volumes and it iss again above lower trendline indicating a sharp reversal and good momentum to follow in coming days. The target expected is 300 in timeframe of 1 month which comes to 40% return in just 1 month.
20% Upside Potential idea 🔥 - SAREGAMA🔥 20% Upside Potential idea - NSE:SAREGAMA
This Trade Ideas is a type of Equity Investment which is designed to give you 10% to 20% return in short-term via #Equity #Investment.
✅ Stock Name - NSE:SAREGAMA
Trade Process :-
✅ - Buy only at Buy Level as recommended in the chart. Use GTT feature available with all online brokers
✅ - On successful purchase, immediately create a SL GTT (Stop Loss level asper chart).
✅ - Once Stock Price is at Target 1 level, move your SL to Cost Price or 3% down from Target 1.
✅ - Keep Trailing the SL as Stock Price moves to next Targets.
Thanks
20% Upside Potential idea 🔥 - PI Industries🔥 20% Upside Potential idea - PI Industires
This Trade Ideas is a type of Equity Investment which is designed to give you 10% to 20% return in short-term via #Equity #Investment.
✅ Stock Name - NSE:PIIND
Trade Process :-
✅ - Buy only at Buy Level as recommended in the chart. Use GTT feature available with all online brokers
✅ - On successful purchase, immediately create a SL GTT (Stop Loss level asper chart).
✅ - Once Stock Price is at Target 1 level, move your SL to Cost Price or 3% down from Target 1.
✅ - Keep Trailing the SL as Stock Price moves to next Targets.
Thanks
Bitcoin (BTC) is back near $69kHello Traders,
We all experience the bitcoin bull run for the previous months. Bitcoin reached the all-time high at SWB:69K before facing a resistance level
Bitcoin is consolidating at SWB:69K level.
We may experience bitcoin continue to the buy-side breaking and closing above the $70k level.
On the weekly timeframe, there is a lot of wicks indicating that sellers are at the $70k level
Do you think Bitcoin will overcome the sell pressure and break in the $70k price range or will this be the roof of the bull run? Share your thoughts
BTC/USD analysis in 4h timeframeAs we expected bitcoin made a new all time high $73000 area and collect the liquidity over the last ATH $69000.
price is in a trading range between $60000 / $74000.
New flag limits are marked on the chart.
Bitcoin is forming a wyckoff structure and if it ingulf $58000 / $61000 demnad zone it will confirm the structure.
If the WYCKOFF structure is confirmed, price my fall down to $52000 Demand zone.
Otherwise if it gives us a bullish signal on $61000 Demand zone it will be a good investment too buy some #BITCOIN .
Yearly 14 PERCENT CAGR IS OLD SCHOOL get 6 percent CMGR -monthlyInd Renewable Energy Limited Formerly Known as Vakharia Power infrastructure Limited), a public company was incorporated on September 9, 2011 under the Companies Act, 1956. The Company is principally engaged in the business of Roof Top Solar Plant.
looking for 88 % ROI in this share indrenew in next 88*2 days Can add upto 14.6 rupees
can double its market cap from here onwards currently management facing compliance and corporate issues as of now but not for long time it will stay
spot 18 date 9 april 2024
mail for acuite investment methodology vijay at vijaymarketingg . com
thank you
Litecoin (LTCUSD): Your Next Profit Opportunity!For LTC, we were stopped out of our first attempt to catch wave (iv). However, we concluded wave (iv) exactly at the level of wave (i). Following that, we completed the overarching wave ((iii)), or wave (v), exactly where we anticipated, between the 61.8% and 100% levels. We are therefore in wave ((iv)), which we do not believe to have concluded yet, and expect a pullback to the 38.2% to 50% levels, which are at $90.20 and $85.81. Afterwards, we should at least reach the level of approximately $115, which is the minimum level. However, we should actually break out even more, but we will definitely see how things develop. Since we are still in an overarching wave 3, we should then go significantly higher. We will definitely place this entry, as the possibility of this being a triangle looks promising. So, we need to wait and see how Litecoin develops and whether our limit order gets filled.
Build Your Dreams (BYD): Moving Higher!Build Your Dreams (BYD): HKEX:285
After closely examining the Chinese electric vehicle manufacturer BYD, we've concluded that there is a very appealing and interesting opportunity to start building positions. We are currently in an overarching Wave III. Wave II concluded at the low of 13.20 HKD, and the all-time high is currently at 63.10 HKD. We are now likely in a Wave 5, which should coincide with the completion of Wave (1). Subsequently, a deeper correction to Wave (2) is expected, where we aim to place our next long-term entries, but we also want to place a short-term entry now.
We have successfully completed Wave 4 and since developed Waves ((i)) and ((ii)). This Wave ((ii)) held precisely at the 61.8% Fibonacci retracement level at 28.19 HKD, and we should not fall below this before completing the overarching Wave 5 or Wave (1). We should also surpass the Wave 3 high of 40.40 HKD.
In 3 Months every month end 10 % for 90 Days Say What? Have lookAchyut Healthcare Ltd is a pharmaceutical trading company that was established in 1996 and is based in Ahmedabad, Gujarat. The company trades in pharmaceutical products, medical devices, and APIs. It manufactures tablets, capsules, oral liquids, and injectables, and also customizes products for domestic and international markets.
looking for 59 price in upcoming days of 90 in ACHYUT FROM TODAY 9 APRIL 24 CMP 44.70
MAIL US FOR MORE
Symmetrical Triangle pattern breakout in HCLHCL TECHNOLOGIES LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Symmetrical Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1610+.
✅Can Go Long in this Stock by placing a stop loss below 1530-.
DAX: 22,000 € Target in Sight!Since our short scenario for the DAX was invalidated, we had to reanalyze and concluded that we are dealing with a very long and extremely bullish scenario, as it's the only other option we have left for the DAX. We assume that, on the weekly chart, we will reach a minimum level of 22,000€. This scenario is supported by a trend channel that we have now broken and exited upwards. Therefore, we expect to reach levels between 19,700 and 23,000 for Wave 3, which will only serve as a catalyst for even higher movements. As seen, we anticipate the overarching Wave (3) to reach levels between 25,400 and 31,400. There's still a lot of potential and room for upward movement, and given our invalidation, we will now be looking for long entries. As always mentioned, the economy increasingly reflects less of what happens in the markets, diverging more from economic activities, making it somewhat perplexing when considering Germany as a whole and the remarkable performance of the DAX.
GBPUSD#GBPUSD
The short context is strongly pronounced, and due to the bank holidays, a liquidity outflow is evident. I believe the target will be reached within tomorrow's session. Ideally, we'll see liquidity taken above before continuing with the short order flow. Invalidation of the scenario can be considered if the price closes above 1.26500.
#NIFTY Intraday Support and Resistance Levels -02/04/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22500 level and then possible upside rally up to 22620 level in today's session. in case nifty trades below 22440 level then the downside target can go up to the 22320 level.
"Fly Like There Is No Tomorrow Left" #ETCETC is currently forming an Adam&Eve formation.
According to Elliot Waves Theory, this is the road map for ETC.
If you are using Leverage on your trades, wait for it to close above 34 in daily time frame.
Use only 2X, accept the fee and hold until the wave 3's final rotation which is 69.
If you are buying products like an investor, you will have 2 options;
-Buy now and wait until first target (69)
-Or simply buy and hold until second target which is 95 (it will take months)
Remember that it's a long term time frame and it will not be achieved in a couple days (I hope it would).
All Targets Specified On The Chart.
Good Luck To Us All.
UBS Group (UBSG): A Golden Opportunity for Investors?UBS Group (UBSG): SIX:UBSG
Considering that Switzerland is one of the first European countries potentially associated with interest rate cuts, sectors across the board, including the banking sector and specifically UBS Group, become quite intriguing. We've had to adjust and modify our analysis due to a breakout to the upside, suggesting a further upward trend before concluding the overarching trend. Please pay close attention if you're following along. We posit that Wave 2 concluded at 13.87 CHF, placing us in Wave 3.
We anticipate the reemergence of subordinate Wave ((iv)), which, in this case, should find support between the 23.6% and 38.2% levels. Given that all previous Wave 4s in UBS Group's pattern have been short and swift, we expect a repetition of this pattern, suggesting no further significant drops. Should we indeed pivot at the 38.6% extension level of 28.55 CHF and begin to develop Wave ((v)), we will issue a limit order once we observe tangible weakness in the price action. If there's an additional climb, our zone will be accordingly adjusted upwards.
Short term Investment Idea | Infosys | 25% Upside Potential
Short term Investment Idea | NSE:INFY | 25% Upside Potential
✅ Buy Level - Rs 1485-1499
✅ SL - Rs 1431
✅ Target - Rs 1734 / Rs 1832
✅ Support on 200 DSMA
✅ Trading at the bottom of the parallel channel
✅ Completed Fibonacci Retracement of 38.2
Look at the chart for more information
Thanks
Thanks
BTC resumes the long-term trend, resistance at 73.7K!!
Following a two-week period characterized by intensive selling by retail investors and strategic accumulation by large holders and financial institutions, Bitcoin has resumed its long-term upward trend.
The flagship cryptocurrency closed the week with a candle surpassing the 66.9K threshold, corresponding to 78.6% of the Fibonacci level, paving the way for investors to seek new records in the BTC/USDT pair.
Observation of the daily chart reveals a sequence of three ascending candles, accompanied by an increase in transaction volume, exceeding the levels recorded over the weekend.
With the approach of the Easter holidays, which will shorten the trading week in traditional markets until Wednesday, a potential surge by BTC/USDT investors is anticipated to challenge the 73.7K level, marking a new all-time high (ATH).
This scenario could intensify if liquidations occur on the part of sellers, boosting the volume and allowing the price to explore unprecedented territories in its history.
THIS IS NOT INVESTMENT ADVICE NOR SHOULD IT BE TAKEN AS SUCH. EACH PERSON IS RESPONSIBLE FOR THEIR ACTIONS AS A TRADER, INVESTOR, ETC…
Study of PSU Bank Index/actions that can be taken by an investorFor last few weeks we have been looking at indices. By the study of a particular index we then try to determine about investing in components of that index or the stocks that from that particular index. In the series we will today have a look at PSU Bank Index.
PSU Banks and the index of PSU bank consisting of banks like Bank of Maharashtra, Canara Bank, CBI, Indian Bank, IOB, Punjab and Sind Bank, Punjab National Bank, SBI, UCO bank and Union Bank of India had a consistent run till the index reached a near channel top at 7418.75 from there it corrected about 11.5% and made a low of 6561(near channel bottom) recently.
After taking the support of 50 days EMA the index is seen to be rising again by giving 2 consistent Green candles to end the week. In the coming week if resistance of 6919 is broken by PSU Bank Index and we get a closing above 6920, there is a possibility of a proper 5 to 10% rally in the sector with resistance at 7092, 7265 and 7437. Consider 6574.15 as a support. If in case of a down turn due to local or global factors we get a closing below 6574 we might see a weakness in the sector.
The shadow of candles created this week looks positive for the upcoming week in this sector and RSI is also showing strength. In this we when we get indication of a sector becoming strong we should look at fundamental and technical strength of constituents of that particular sector and there is a possibility of making an investment pick from the same.
Thus using this model, you can try to determine tops of current rally or trend. You can reverse the process and try find of the probable bottom in case of downturn. Trend lines / Peaks / Valleys and Fibonacci levels will also give you probable supports and resistances in the path. You can become an expert by studying and drawing and reading charts every day. The more you practice the better accuracy you can achieve.
Disclaimer: Investment in stocks and mutual funds is subject to market risks, please consult your investment advisor before taking financial decisions. The data provided above is for the purpose of analysis and is purely educational in nature. The names of the stocks or index levels of spot Nifty mentioned in the article are for the purpose of education and analysis only. Purpose of this article is educational. Please do not consider this as a recommendation of any sorts.