PRSMJOHNSN*PRSMJOHNSN* Good for Holding around 9 Months ..... Current Price at *180.40* ......... Keep SL at *170.50* .... (On Closing Basis ... Means ... Daily Candle closed Below *170.50* )….. After Close Crossing *192.70* …. Trail SL to *184.95* Targets are Shown on Chart in Greens ..
Expansion.
The company completed a tile capacity expansion of 1.2 million m2 in Morbi, Gujarat, through one of its joint ventures in February 2023. Additionally, they are on track to add a greenfield tile capacity of 5.5 million m2 in Panagarh, West Bengal, which was expected to be completed in the first half of 2023-24.
Also, it has announced to establishment of a captive wind power project with a capacity of 24 MW to supply electricity to its cement plant in Satna, Madhya Pradesh. It is expected to be commissioned during the first half of 2024-25.
Growth
Cement revenue grew by 6.8% YoY to ₹ 748 Crores in
Q3 FY24 led by strong growth in cement & clinker sales
volume.
Cement & clinker sales volume grew by 8.8% YoY to
1.49 million tons; Share of premium cement maintained
at 33% in Q3 FY24.
EBITDA per ton increased by 167.1% YoY to ₹ 787 per
ton due lower fuel cost and higher clinker production
and inventory.
Longopportunity
DE - Interesting long opportunity after strong support foundWe found strong support on our yellow buying continuation and we are now looking to activate a stronger buying continuation such as teal or purple to continue this move upward. We broke out of our stronger controlled selling algorithms (blue and orange) and are now finding resistance at tapered white controlled selling. Once we build a little more liquidity I definitely expect a strong breakout of this algo.
Stay tuned!
Happy Trading :)
NAVA*NAVA* Good for Holding around 9 Months ..... Current Price at *480* ......... Keep SL at *459.40* .... (On Closing Basis ... Means ... Daily Candle closed Below *459.40* )….. After Close Crossing *573.80* …. Trail SL to *545.85* Targets are Shown on Chart in Greens ..
Company has reduced debt.
Stock is trading at 1.09 times its book value.
Company has delivered good profit growth of 31.0% CAGR over last 5 years.
Arbitration :
Under the Arbitration initiated by MCL and its lenders against ZESCO, both the Parties have agreed to and got a Consent Award from the Arbitration Tribunal, London for US$ 518 Mn in Dec 2022 after giving a discount of US$ 60 Mn to ZESCO. ZESCO has submitted its revised payment plan of clearing US$ 338 Mn by Dec 2023 and the balance of US$ 180 Million by Dec 2024.
Debt Reduction :
MCL repaid US$ 98.4 Million to its lenders during the year bringing down the loan to US$ 315 Mn as of March 2023 from US$ 413 Mn as of March 2022.
Pradeep Metals #PRADPME #Multibagger #Investing *PRADEEP Metals* #PRADPME Good for Holding around 9 Months ..... Current Price at *228.05* ......... Keep SL at *205.15* .... (On Closing Basis ... Means ... Daily Candle closed Below *205.15* )….. After Close Crossing *273.30* …. Trail SL to *260* Targets are Shown on Chart in Greens ..
Looking Good for Short Term Swing Trade, Also Can Hold for Atleast 9 Months,
Company has delivered good profit growth of 42.9% CAGR over last 5 years.
Company has a good return on equity (ROE) track record: 3 Years ROE 29.0%.
Expansion:
Company plans to acquire and install a 2.25 MW Land Based Solar Plant, on turnkey basis, at Rs. 1.2 Cr. The Solar Plant will be commissioned in FY24.
Patent:
a) On 21st November 2023, PML, jointly
with Chubu University Educational Foundation, Japan, was granted Patent for invention entitled Microwave Composite Heating Furnace. This invented process can be used to produce a purer grade pig iron using fine iron ore and coal powder, without using expensive coke, which results in a reduction in Greenhouse gas emission by up to 50%
b) On 21st June 2023, company was granted Patent for inventing Continuous Process for Baking of Cured Friction Material using Electro magnetic Energy. This process completes the baking process in manufacturing of brake pads, drum linings and clutches, which are used in speed reduction applications, in a shorter duration using microwaves, resulting
in saving of energy.
DSP Earnings Call 03/04 After Market CloseThis stock is a small DSP (demand-side platform) set to experience some growth as one of the alternative media spends as google sunsets 3rd party cookies from chrome. Most companies should have been contracting late last year into early this year rather than act reactively in Q3 of 2024 when 100% of cookies are said to be done away with. I started buying in the $4 dollar range but have continued to add to my position.
Full disclosure: I also have a small set of oom calls from now until end of the year.
This is not financial advice but I do enjoy community feedback on my trades occasionally. I also thought to post this because reddit as a whole completely ignore this ticker so maybe someone who wouldn't have otherwise seen this might.
Good luck, this is not financial advice nor should it be considered to be. Might add more to my position Monday depending on how we open.
NAS100 Bullish Scenario: The Only Long I See (Daily/1 Hour)Fundamentally, 2023 was a strong year for stocks notably tech, which has created a strong bullish anticipation for 2024. We are in the midst of a CPI release coming this Thursday on the 11th. It is obviously the most important data release of the year (since we're 9 days in lol). More seriously it is the factor that WILL determine the move to come (no shit). By default I am bullish for speculative and technical reasons so I propose a rational entry for a long position assuming the show will go on. Here is the technical reasoning:
1. Price wicked perfectly on the DAILY 'bullish' 0.618 fib level during the Friday 5th session. This serves as our first bullish signal.
2. Throughout the session an intermediary range was created with a high that will serve as our BOS ('break of structure') line.
3. Throughout that same session and the following session (Monday 6th) price bounced twice, precisely, on its fib 'reload zone' which is the area that ranges between 0.618 and 0.782 (0.702 is extremely effective). These zones tend to render good entries if it's line with the general outlook (fundamentals + daily/weekly trend + general analysis). This serves as our second bullish signal.
4. With our BOS (third bullish signal), an FVG ('fair value gap') was formed. I couldn't explain why it works but with back testing and live testing, it changed the game for me. This FVG serves as another entry point. Why this FVG and not the ones above? We want the one with the highest probability of success so we pair it with the 'reload zone'!
5. By tracing a trend-based fib, which honestly I just learnt how to use today, you'll notice how price reacted perfectly to the 1.702 fib. This is just a way to increase the legitimacy of my analysis and to seem like I know things. But it is a high that we'll use for our potential profit taking (spoiler!).
6. The trade: we have a confluence of factors which giveth the highest success probability (in my opinion) for an entry point (EP) IF we are backed by a strong data release. So EP:16430, MAX SL:16240 / MIN SL: 16330 (based on the low of the FVG) and TP1: 16675 (the high/fib 1.702) / TP2: 17000 (a nice round number which is a good target since it represents a strong psychological bias for all traders). This gives a good RR 1:3 so in the midst of the CPI release which could basically f*** everything up, I wouldn't risk more than 1%. For trade management put the SL in BE when price has taken TP1.
Note: if the CPI is very bullish, just leave approx. 20% of the position to flow to new highs (TP3).
NFA and happy trading! :)
🔥 AVAX 1H Triangle Formation - Short Then Long🔥 AVAX 1H Triangle Formation - Brief Short Opportunity Followed by a Strong Long Play to $30! 🚀
Hello Traders! Today, I've closely examined the latest developments in AVAX and have identified an exciting opportunity to share with you. 📈
✨ Brief Short Opportunity:
On the 1-hour timeframe, AVAX has formed a classic triangle pattern. This formation often indicates periods of consolidation and uncertainty, usually signaling an impending trend shift. With the breakdown of the triangle's lower boundary, we could see a brief bearish movement. This presents an ideal entry point for a short-term short position.
📉 Entry Point: $22.0
🎯 Target: $18.3
🛑 Stop-Loss: $24.7
✨ Subsequent Long Opportunity:
Following the short position, I anticipate a strong bullish trend in AVAX. Technical indicators and market dynamics are pointing towards a robust long opportunity, potentially reaching at least $30, following a breakout above .
📈 Entry Point: $18.3
🎯 Target: At least $30
🛑 Stop-Loss: $16.5
🔍 Conclusion:
This is a structure that offers both a brief bearish trend and a subsequent strong bullish opportunity. Remember, every trading strategy involves risk, and always consider your own risk management.
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
UNH's Prescription for Success: Exploring the Surge in UNH StockUNH NYSE Stock: Riding High on a Bullish Run
UnitedHealth Group's (UNH) stock on the NYSE is experiencing a remarkable bullish run today. The surge can be attributed to the company's impressive financial performance and its role in the healthcare sector's evolution. UNH's robust earnings, expanding healthcare services, and strategic acquisitions have garnered investor confidence. The growing demand for healthcare services, amplified by pandemic-driven awareness, fuels UNH's ascent. Technical indicators, including Relative Strength Index (RSI) and Moving Averages, confirm the bullish sentiment. As healthcare remains a critical focus globally, UNH is well-positioned to continue its bullish stride, making it a standout in today's market.
XAUUSD Long positionGreetings.
This is my bullish idea from XAUUSD.
Because we're going in the next quarter i will be expecting the banks to immediatly push up the gold price from this insane low price.
I also see an imbalance within the Big short move from last week.
I would highly recommend taking this position as soon as the market opens, I will be expecting a longer time for this investment to run but for now if looking for a 100 pip move this would be an ideal position.
If anyone has any comments, you're welcome to comment on this post.
With kind regards.
Leroy Wessels
GBPJPY (4Hr) Double Bottom Breakout and RetestGBPJPY formed a Double Bottom pattern on the 4Hr and 1Hr time frames with the left bottom at 179.47, right bottom at 179.73 and the neck region at 182.28. The height of the pattern is approximately 280pips.
The neck region was broken to the upside on 21 July with price reaching 182.51. A pullback to the July 10 trend line at 181.20 was seen shortly. This trend line provided a good support and turned the price northward from 181.10.
We need to see price reclaim 182.52 to open the door for long opportunity to 184.10 (first); then 185.10 levels.
Mid-Range Trade opportunity on JP MorganHere is a good trade opportunity on JP Morgan.
I will wait for the breakout of the resistance level and then enter after a successful retest to the resistance level, and if it fails to break the resistance level and breaks the lower trend I will Exit and close the trade.
1- You can get around 11% profit easily.
2- It might take 1-2 months.
3- There is also a dividend declared by the company ( Ex-date: 5th July 2023).
4- This is one of the most reputed and large-cap companies, so it should be considered safe!
5- Follow the instructions on the chart carefully, Feel free to modify the trade according to your risk.
Disclaimer: This is not a piece of investment advice and I am not a certified financial advisor, I just found an opportunity and thought it would be great to share it with the community, Invest at your own risk, and feel free to modify the trade according to your risk profile.
LINK long idea Listen up, in the world of crypto, Chainlink's the game,
But before you go long, you gotta manage that risk, it's not a game.
With LINKUSDT, a long idea in play,
Channels, OBV, and Fibs to pave the way.
Been in accumulation, for almost a year,
But with potential targets in sight, don't you fear.
TP1 at 7.4, TP2 at 8.40,
TP3 at 8.8, TP4 at 9.48, so don't you get naughty.
But with gains in sight, you gotta keep your SL in check,
Below 5.75, to prevent losses and protect.
So let's go long on LINKUSDT,
With a strategic plan, and risk management to see.
With channels, OBV, and Fibs to play,
Potential profits, just a breakout away.
But don't forget the SL, it's your safety net,
To ensure gains, and no losses to fret.
So let's ride the wave, and make it big,
With LINKUSDT, and a plan that's strategic.
Potential targets in sight, but risk management is key,
For a successful trade, and a profit to decree.
Avaxusdt Long OpportunityBINANCE:AVAXUSDT.P appears to have bottomed out on both 4hr and 8hr chart with multiple wicks dipping into a strong support zone in the 14-15USD range, which is also coincides with the 6hr support zone seems to conclude a Elliot Wave pattern towards downside.
Schaff Trend Cycle switched to bullish with bearish volume dropping, potential long opportunity if the support holds and volume turns positive on shorts profit booking and bulls taking over.
RUNEUSDT LONGNot a financial advisor.
Trend change confirms for the last bearish trend on 4 hours chart, We are waiting for a simple/little retreat before the momentum comes in.
The first entry for the first green box (earlier entry).
The second entry is for the second box and if you are the kind that likes to hold your breath underwater, then the green line entry (late entry) is for you.
Target is 3 dollars.
Expected results: Min of1:22
We will be looking out for any red flags after entry cause this was not called on multiple/necessary confluences, it is more like chasing trade, you know.
Minimize your loss and follow proper risk management, this is not financial advice.
PFC (15year breakout)( Price breakout still to come but will for sure from now )
PFC on verge of 15Year pattern breakout as the stock formed symmetrical triangle pattern on larger time frame here it is 3m as to fully accommodate the chart on screen. Now PFC looks strong as :
CMP 154
TGT - ATH later trail SL
Calculated target 300+
SL below 130
Other buy factors:
Low PE
Increased FII Holdings
Decreased public holdings
High book value
Constant promoter holdings
Good potential 🙂
Note : Just an idea not any personal recommendation for the stock mentioned its just for education purpose.
EUR/USD possible deep dig before reversal.My belief for this pair is that price will continue down into the stops of long consolidation periods in January and December. When I see long consolidations, I see very impatient participants. So far buyers been in heat from a down move that lasted 3 weeks. Price is reaching my levels. Truth is that the market may not care about my levels. And that's fine. Maybe it's not meant to be. All I know is that the closer it gets, the higher the probability of it hitting them. So I'm only interested if they are reached. When they are reached and worked down thru, I know that panic is ramping up and I'm paying attention to the large timeframe pattern. My drawing is an overall idea of how I think it will play out so
don't take it as a 1:1 ration prediction. I also approach this as a long and steady outlook. Price could easily collapse down but I think it's more likely that the low will be worked long and steadily. I'm not into what's going on with the news, what indicators are showing, whether price action looks weak or strong, and I don't do support/resistance lines. My predictions are based on what I perceive to be more financially adventitious for institutions and right now I see a ton of money below. When everyone is calling a bottom right at or near already established ''support'' my comfortability is much more deeper. FX:EURUSD
Possible bottom to get into trend earlyI have key levels marked that I'm looking for price to get through. I'm not buying nor selling at these levels. These levels represent a certain distance within a certain amount of time price has moved. When price fulfill these levels and even better overextends past them, I will look for a reversal. This is a swing strategy and where I'm comfortable using a wide stop if I'm confident that the low has been put in well past the last level. I'm also looking at other factors and will mark up the chart of what I'm looking at to confirm my bias.