Investment_ Manappuram FinanceNamaste!
Manappuram Finance is in the same type of business as Muthoot Finance. Both the stocks have corrected >40% from all time highs. I think it is a good time to invest in Manappuram Finance considering following questions:-
Q: What is the good price to accumulate this stock?
A: Don’t invest more than 05-10% of your portfolio in this stock. Rs 95-97 is a good price to accumulate this stock.
Q. What are the strengths in this stock?
A:
1. It has a weekly trendline support at near Rs 95-96 levels.
2. It will be available at 6 P/E which looks attractive as it is below 10 and 6 P/E is a kind of very good support because every time it does bounce-up from 6 P/E (Jan 2009, Sep 2015, Apr 2020, Etc).
3. It’s in the business of gold loan which is kind of stable because it offers a secured loan by taking the gold as collateral. Gold is liquid and could be sold if the borrower doesn’t pay-back. It’s safer and more liquid than properties (mortgage) loans provided by other banks/NBFCs. Gold prices sometimes move in cycles, which affects the company's short term risk though.
4. It has a current dividend yield of 2.59%.
5. Most of the time fundamentals “confuse me” so I don’t dig deep into it. I do not value any company after reading the annual report, balance sheet, blah-blah-blah. I pay attention to EPS, P/E, Correction in stock prices (trendline support), rarely Debt to equity that’s it. I don’t advise this to anyone because it may prove risky for a naïve or sometimes even a seasoned investor. I know and understand some of the key figures in the books of accounts but don’t dig deep into it. We can not predict the future of the company and/or know what’s happening inside the company. What we can do is DIVERSIFY, and have a contrarian approach with caution and margin of safety.
Q. What changed my mind to invest now rather than wait for a big correction to buy at a cheaper rate, considering my opinion of an overvalued market, strength of the economy and rising interest rates?
A: I posted many articles based on my understanding saying “is the market getting ready for a free-fall; …correction of more than 30% from all time highs, etc".
I posted those to caution people and gave them opinions to get ready for a panic or downfall in the stock markets.
It's always better to get ready for various scenarios early and make plans for them, which will guide us throughout the "fear and greed cycle of the markets".
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment and/or trading in the market does not guarantee a fixed return and may result in a financial loss. Please do your own analysis and/or consult your financial advisor before investing and/or trading.
Investment
1:2 ration can accept from this1) my target 950+
2) considering 370 as stop loss
3) stock breakout its major resistance zone
4) 500 is the most supply zone for the stock
5) today sustain above this level
6) volume in stock
7) stock can go above listed level
8) time horizon 18-24 month
9) 1:2 ratio can be
10) no recommendation for buy and sell
Orient Green for Swing/Positional Orient Green Power Prediction for Swing/ Positional Trading
You can enter into trade above Entry level (14.70) daily close basis or after 15.6 safely CMP is 14.35 . There is a resistance 15.10-15.6 level. You take it purely on long positional basis also.
Strong Supports are shown in the chart.
Targets- 16,20,30,40,.. (more will be updated later)
Intermediate Targets- See Chart
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Request: Please support by Like, follow, comment, share and boost.
Happy trading.
About Orient Green Power –
Orient Green Power Co., Ltd. engages in the production and distribution of renewable energy. It focuses on the development, ownership, and operation of wind energy power plants located in the states of Tamil Nadu and Andhara Pradesh. The company was founded by Thyagarajan Shivaraman in October 2006 and is headquartered in Chennai, India.
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Reversal Broadening Wedge pattern in METROPOLISMETROPOLIS HEALTHCARE LTD
Key highlights: 💡⚡
📈 On 1 Day Time Frame Stock Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Below 1373-.
📈 There have chances of breakdown of Resistance level too.
📈 After breakdown of Resistance level this stock can gives strong downside rally upto below 1160-.
📈 Can Go short in this stock by placing a stop loss Above 1720+.
Broadening Wedge breakdown in MPHASISMPHASIS LTD
Key highlights: 💡⚡
✅On 30 Min Time Frame Stock Showing Breakdown of Broadening Wedge Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 2140-.
✅Can Go short in this stock by placing a stop loss above 2188+.
Learning from Warren Buffett's 7 Major Investment ErrorsWarren Buffett's name resonates with success, particularly through investments in renowned companies such as Coca-Cola, American Express, Apple, Bank of America, Moody’s, Kraft Heinz, and more. He stands as a global icon, amassing a wealth exceeding USD 100 billion. Beyond his investment prowess, Buffett generously imparts his wisdom to millions worldwide. Among his many famous quotes, one emphasizes the importance of learning from others' mistakes.
Warren Buffett's 7 Major Investment Errors
I) Dexter Shoe Company
- In 1993, Warren Buffet's Berkshire Hathaway acquired Dexter Shoe Company, a decision he later regretted as his worst deal. Buffet made multiple significant mistakes in this acquisition.
- The first error was misjudging Dexter's potential. Berkshire bought Dexter due to its high return on capital employed but failed to consider the competitive threat posed by cheap shoes from countries like China. Buffet acknowledged this oversight in 1999, highlighting the increasing challenge for domestic producers in the face of a market flooded with 93% of 1.3 billion pairs of shoes purchased in the United States coming from abroad.
- The primary lesson here is the necessity of assessing a company's durable competitive advantage before investing. Durable competitiveness has transitioned from a good-to-have factor to a must-have for any business.
- Buffet's second mistake was financing the Dexter Shoe Company purchase with Berkshire Hathaway stock valued at 433 million dollars, rather than using cash. A single share of Berkshire's Class A stock was approximately USD 15,000 in 1993. Today, it is valued at USD 517,000.
- This decision didn't just cost Berkshire shareholders USD 433 million for a company that eventually became worthless; it resulted in a staggering loss of 15 billion dollars for Berkshire's shareholders.
- The crucial lesson derived from this experience is never to sacrifice successful investments to make risky bets.
II) Tesco
- Tesco, a British grocery chain, became a concern for Berkshire Hathaway when the company's ownership stake exceeded 5% by 2012. By 2013, signs of trouble at Tesco became evident, leading Berkshire to reduce its stake to 3.7%, amounting to an investment of nearly 1.7 billion dollars.
- In the subsequent months, Tesco's stock plummeted by nearly 50% due to declining sales, heightened competition from discount retailers, and an accounting scandal that attracted scrutiny from the UK's financial regulators.
- Buffett's mistake lay in hesitating to sell Tesco stocks despite recognizing these troubling signs. This delay resulted in a loss of approximately USD 444 million for Berkshire.
- The crucial lesson from this situation is the importance of conviction when making selling decisions. Just as one should invest with conviction, it is equally vital not to hold onto a stock if confidence in its performance wavers .
III) Energy Future Holdings
- Warren Buffett, known for seeking advice from Charlie Munger in his investment decisions, openly admitted a significant mistake in his 2013 letter. He invested USD 2.1 billion in bonds of Energy Future Holdings Corporation, banking on rising natural gas prices to boost the competitiveness of the coal-based business and yield profits.
- Unfortunately, natural gas prices plummeted from their 2007 levels, leading to substantial losses for Energy Future Holdings. The company declared bankruptcy in 2014, and Berkshire Hathaway sold the bonds at a loss of USD 873 million in 2013.
- Buffett acknowledged his error in assessing the transaction's gain-loss probabilities, emphasizing the importance of seeking a second opinion from trusted advisors or partners when making significant decisions.
- This incident highlights two essential lessons. Firstly, it underscores the risks associated with predicting market trends, whether in natural gas, oil, gold, or individual stocks. Secondly, it emphasizes the perilous nature of investing in high-yield "junk" bonds. While conglomerates like Berkshire Hathaway can absorb losses from such high-risk endeavors, retail investors face financial disaster in the event of a default. Hence, it is crucial to avoid instruments with questionable return on capital, especially in a retail investor's context.
IV) Lubrizol & David Sokol
In 2011, Warren Buffett and Berkshire Hathaway faced severe scrutiny.
- David Sokol, chairman of several Berkshire subsidiaries, recommended Lubrizol Corporation as a potential acquisition to Buffett while he himself owned stocks in the company. Sokol's failure to disclose his stock ownership violated Berkshire's insider trading rules. Despite this, Berkshire acquired Lubrizol for approximately USD 9 billion, and Sokol profited around USD 3 million from the transaction.
- Upon investigation, it became clear that Sokol had been ambiguous about how he acquired Lubrizol stock, neglecting to mention that he purchased shares after meeting with the bankers proposing the acquisition. Buffett emphasized the issue as a matter of ethics, although he initially acknowledged that no one was at fault.
- This situation highlighted the importance of not being excessively trusting in the business world. The lesson here is to maintain a checklist, follow a rigorous process, and be unafraid to ask numerous questions, especially when your reputation is at stake. Taking extra precautions becomes essential in preserving one's integrity and credibility.
V) Amazon
- Up until now, the mistakes we've discussed were all instances of active decisions leading to losses. However, there's a different kind of mistake made by Buffett that falls more under the category of missed opportunities.
- In 2017, Buffett openly admitted that he had been observing Amazon.com for an extended period but never invested in it. In his own words, he confessed, “I was too dumb to realize. I did not think Jeff Bezos could succeed on the scale he has.”
- Buffett had underestimated Amazon's brilliance in two key areas: its dominance in e-commerce and its success in cloud services through Amazon Web Services.
- Buffett's traditional approach didn't align with investing in stocks with high price-earning ratios like Amazon's in 2019. Moreover, he tended to overlook technology companies, considering them beyond his expertise.
- In this context, the significant cost of this missed opportunity becomes apparent. It underscores the necessity of having a well-defined area of expertise. However, it's even more crucial to continuously expand and evolve that expertise over time to seize valuable opportunities.
VI) Google
- The Berkshire Hathaway portfolio notably lacks any shares from Alphabet or Google, a fact that Warren Buffett deeply laments.
- Google initially piqued Buffett's interest due to a Berkshire-owned subsidiary, GEICO, operating in the auto insurance sector. GEICO heavily depends on Google's advertising platform to attract customers.
- Buffett acknowledges that he should have delved deeper into Google's business and long-term prospects. His limited technical understanding might have played a role in missing this opportunity, despite it being right within his immediate purview.
VII) Berkshire Hathaway
- It might surprise you, but Warren Buffett's most significant investment blunder occurred when he bought Berkshire Hathaway in 1962. Back then, Berkshire Hathaway was a struggling textile business, meeting the criteria of Benjamin Graham's cigar-butt investing model.
- Buffett became intrigued by the favorable financial assessment and started purchasing the stock in installments. In 1964, the company's owner, Seabury Stanton, proposed buying Buffett's shares at $11.50 per share. However, the actual offer received was $11.32, which angered Buffett. In retaliation, he acquired a controlling stake in Berkshire Hathaway and ousted Stanton from the company.
- Despite taking revenge, Buffett found himself stuck with a significant investment in a failing business. To this day, he considers it his most regrettable investment. He endured the burden of this failing textile business for an additional 20 years. Buffett admits that had he redirected the cashflows into other ventures like insurance companies, Berkshire would have been worth twice as much as it is now.
- By his estimations, Buffett's decision to invest in Berkshire Hathaway amounted to a $200 billion mistake. The lesson here is clear: emotional decisions have no place in successful investing.
Thank you
@Money_Dictators
Bullish Flag Pattern Reversal in ICICIPRULIICICI PRUDUNTUAL LIFE INSURANCE LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Bullish Flag Pattern.
📊 It can give movement upto the Reversal target of Above 598+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 785+.
📊 Can Go Short in this stock by placing stop loss below 472- or last swing Low.
[INTRADAY] #BANKNIFTY PE & CE Levels(07/11/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 43450 level then possible downside rally of 400-500 points upto 43050 Level. Any Major upside only expected in case banknifty starts trading above 43550 level.
Descending Channel pattern breakout in IGLINDRAPRASTHA GAS LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Descending ChannelPattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 392+.
✅Can Go Long in this stock by placing a stop loss below 380-.
#NIFTY Intraday Support and Resistance Levels - 01/11/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 19070 level and then possible downside rally up to 18950 in today's session. in case nifty trades above 19100 level then the upside target can go up to the 19220 level.
Long-Term Investors Transefs to Cold Wallets 🐂 A fascinating trend has been quietly emerging in the world of cryptocurrencies that could be sending a bullish signal. Long-term investors, those who have a knack for hodling and seeing the bigger picture, are increasingly moving their assets to cold wallets rather than keeping them on hot exchanges. Let's delve into why this shift in behavior is a promising sign for the market. 📈💼
The Rise of Cold Wallets:
Cold wallets, often referred to as hardware wallets or offline storage, are known for their enhanced security features. They are not connected to the internet, making them significantly less vulnerable to hacking and other security breaches. As crypto adoption grows, the use of cold wallets is also on the rise.
A Bullish Shift in Behavior:
This transition of funds from hot wallets to cold storage is not merely about security; it's about the long-term vision that many investors hold. It suggests that a substantial portion of the market believes in the future potential of their holdings and is committed to keeping them safe for the long haul.
The Implications:
Reduced Exchange Dependence: Investors moving their assets to cold wallets indicate reduced dependence on exchanges, leading to lower risk of exchange-related issues.
Long-Term Confidence: It shows the market's confidence in the long-term value of cryptocurrencies, a critical ingredient for sustained bullish momentum.
Trading Strategy:
Stay Informed: Be aware of the evolving market trends and adapt your strategy accordingly.
Security First: Consider enhancing the security of your assets with cold storage options, especially if you have a long-term investment horizon.
Conclusion:
In the cryptocurrency world, market sentiment can be a significant driver of price movements. The growing popularity of cold wallets among long-term investors signifies a deep-seated belief in the future of the market. It's a testament to the potential of blockchain technology and its role in reshaping the financial landscape.
Keep a watchful eye on market trends, but always remember to manage your investments prudently and stay informed.
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
[INTRADAY] #BANKNIFTY PE & CE Levels(23/10/2023) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 43550 level then possible upside rally of 400-500 points upto 43950 Level. And this rally can extend for another 400 points if it gives breakout of 44050 level. Any Major downside only expected in case banknifty starts trading below 43450 level. also possible Reversal Downside 43950 level.
Rising Wedge breakdown in POLYCABPOLYCAB INDIA LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakdown of Rising Wedge Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 4566-.
✅Can Go short in this stock by placing a stop loss above 5498+.
OPPORTUNITY TO BUY NIKE ! daily analysisDear Investors,
Nike is showing a strong buying signal after good fundamentals this year.
this could be your opportunity to invest in a low-risk high-reward trade.
you can contact me for more info on why this is a good trade & give you a strategy on how to manage this trade and close it in the best scenario possible.
you can check my old trades too to get an idea of my trading mentality.
ASIAN GRANITO INDIA | DOWN TREND BREAKOUT PATTERNDOWN TREND BREAKOUT STRATEGY
Entry Price - 80₹
SL - 30₹
Targets - 130,200,300,390+
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
#NIFTY Intraday Support and Resistance Levels - 16/10/2023Nifty will be FLAT opening in today's session. After opening nifty start trading above 19750 level and then possible upside rally up to 19870 in today's session. in case nifty trades below 19710 level then the downside target can go up to the 19590 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(16/10/2023) Today will be FLAT opening in BANKNIFTY . After opening if banknifty start trading above 44050 level then possible upside rally of 400-500 points upto 44450 Level. And this rally can extend for another 400 points if it gives breakout of 44550 level. Any Major downside only expected in case banknifty starts trading below 43950 level. also possible Reversal Downside 44450 level.
GVK POWER & INFRA | BEST PENNY STOCK TO NOWEntry Price - 9₹
SL - 4.5₹
Targets - 20,27,40,53,90+
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
[INTRADAY] #BANKNIFTY PE & CE Levels(13/10/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 44450 level then possible downside rally of 400-500 points upto 44050 Level. And this rally can extend for another 400 points if it gives breakdown of 43950 level. Any Major upside only expected in case banknifty starts trading above 44550 level. also possible Reversal upside 44050 level.
Head & Shoulder pattern breakout in SBILIFESBI LIFE INSURANCE COMPANY LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Head & Shoulder Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1355+.
✅Can Go Long in this stock by placing a stop loss below 1295-.
[INTRADAY] #BANKNIFTY PE & CE Levels(12/10/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44550 level then possible upside rally of 400-500 points upto 44950 Level. And this rally can extend for another 400 points if it gives breakout of 45050 level. Any Major downside only expected in case banknifty starts trading below 44450 level.