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Punjab National BankThe stock analysis was carried out on Feb 9 in response to a question asked on a social media platform and thereafter it has rallied. Read the reasons behind the pick below. PNB shares appear to be the better option amongst PSU Banks. Reasons supporting the pick: 1. Second largest PSU Bank in terms of market capitalisation. 2. PNB’s merger with United Bank of India and Oriental Bank of Commerce has improved the PAT (profit after tax) for three straight quarters of FY21 i.e 538 cr. in Q1, 576 cr. in Q2 and 747 cr. in Q3. NII has been improved by over 80% on a YoY basis for Q3. 3. FII’s holding has increased from ~1% to ~4% which signals a strong bullish bias towards the bank. Huge volumes of shares are being traded for close to 7 trading sessions 4. Government of India’s emphasis on Privatisation of PSU’s will leave a lesser count of PSU Banks in India and PNB is expected to remain on the PSU Bankside. 5. Stock is trading/consolidating in a lifetime low trajectory of 26–39 for close to a year now. The all-time high of the stock is 279.8 which is far away from the current levels. Therefore keeping the range of 26–39 as a strong base, the stock has only one way to move i.e up. 6. Technically speaking, the stock is trading at 0.64 times its book value and appears to be undervalued given the above-mentioned reasons. The stock has a strong resistance zone at 40.55–42.80 and a strong support zone at 32.50-34.50 levels and hence perfect time to invest would be when the price is close to the support level or breaks the resistance zone i.e above 42.80. The first target for the stock would be 53+ and the second target would be 70+ in months to come. Refer to the chart for levels. Invest and forget, it might give some surprising returns. NOTE: These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
NSE:PNBLong
by mishraparimal09
Indiabulls Housing FinanceIndiabulls Housing Finance has seen a correction up to levels of ~80 from the level of 300 in March 2020 i.e before the lockdown was imposed. The stock has shown a significant recovery thereafter and has shown an upside of more than ~200% from the lower levels of ~80 within a year. Looking at the current status of the stock, the levels of 250 is looks achievable. The same anticipation gets a bullish confirmation if we look at the derivatives statistics of the stock. As of Feb 18, 2021, a significant OI addition is seen in the CALL Option of 240 and 250. In simple terms, the market is also bullish on the stock for the levels of 250. Thereafter the levels of 300 can be sighted as a next target which is expected to be acheived by September or earlier given the bullish trend continues in the sector and no negative news about the company arrives in the market. The stock tried to break the levels of 221-235 in July 2020 as well, however couldn't do so and thereafter seen a correction upto the levels of ~150. The same situation is persisting currently but this time it has a positive outlook as there has been nothing negative in the Union Budget 2021 and the demand is slowly picking up post the pandemic. Crucial support levels for the stock are as follows and one should look to enter into the stock at the given levels to maximise their profit. Important support levels - 231, 221, 212, 193 Target on the upside are - 250, 300 Stoploss should be one of the mentioned support levels. These levels are from a positional perspective. NOTE: These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
ILong
by mishraparimal09
TATA POWERTATA POWER has been rallying from the level of 80 and appears to be consolidating for a follow-up rally up to 100. The stock is being traded-in good quantity daily and there has seen significant additions in the segment as well. Buy - ~88 T1 - 92+ T2 - 100+ SL - 87 Triggers - Improved earnings reported in Q3. It has been said that the business hasn't been drastically impacted by the COVID. Emphasis is laid upon clean and green energy in Union Budget. NOTE- Hourly time frame chart is being used here to clearly depict the target levels and support levels. The stock has been treating the level of 88-90 as a strong support zone. T1 and T2 are expected to be achieved in the coming 2 weeks.
NSE:TATAPOWERLong
by mishraparimal09
L&T | AnalysisAs we know Budget 2021 of INDIA has been there and its main focus is on the infrastructure. So, It may be good to have a Good Stock based on this in our watchlist. So, Let's come to the Point, Should you buy this Stock ? Let's See the Analysis first and then we'll conclude the Buy/Sell Call --> In the Chart we can see that the Rectangular Range is there which is tested well and Price is fluctuating in it for a long time. Also, In the hourly chart we have the Descending Triangle which serves as the reversal pattern because Bears are pushing the price at the same level while Bulls are not able to. As a result, Descending Triangle forms with trendline at the top with decreasing buyers momentum and Baseline at the bottom indicating the constant seller's momentum. But RSI indicates that there is a support and It can jump from there, So, We should wait for the breakout. So, at the end we have two different scenarios that are either the stock will follow Path 1 or Path 2. So, wait for the breakout and follow the Path accordingly.
NSE:LT
by alphadecodetrade
RELIANCE INFRASTRUCTURE | AnalysisAs Many of you know that INDIAN Budget 2021 is focused on infrastructure and It is pretty much possible that the stocks related to it will jump. So, Here is our analysis of RELINFRA, But Let us first talk about this company --> Reliance Infrastructure Limited, formerly Reliance Energy Limited and Bombay Suburban Electric Supply, is an Indian private sector enterprise involved in power generation, infrastructure, construction, and defense. It is part of the Reliance Anil Dhirubhai Ambani Group. Parent organization: Reliance Group. Revenue: 20,972 crores INR (US$2.9 billion, 2020) Now, Should we buy it or short sell it? Let's find out. According to our analysis --> We have Ascending Triangle Ranges in Both Daily and Hourly Chart. Secondly, we know that Trend may continue because this Triangle Range is a continuation Range. RSI is rising which indicates the buyers have momentum. But, We should wait for the breakout, and accordingly we can put the trades. So, Let's wait for the breakout......... Follow @alphadecodetrade
NSE:RELINFRA
by alphadecodetrade
2
PNB - Punjab National BankResearch pick: Reasons supporting the pick: 1. Second largest PSU Bank in terms of market capitalisation. 2. PNB’s merger with United Bank of India and Oriental Bank of Commerce has improved the PAT (profit after tax) for three straight quarters of FY21 i.e ₹ 538 crores in Q1, ₹ 576 crores in Q2 and ₹ 747 crores in Q3. NII has been improved over 80% on a YoY basis for Q3. 3. FII’s holding has increased from ~1% to ~4% which signals a strong bullish bias towards the bank. Huge volumes of shares are being traded for close to 7 trading sessions 4. Government of India’s emphasis on Privatisation of PSU’s will leave a lesser count of PSU Banks in India and PNB is expected to remain on the PSU Bankside. 5. Stock is trading/consolidating in a lifetime low trajectory of 26–39 for close to a year now. The all-time high of the stock is 279.8 which is far away from the current levels. Therefore keeping the range of 26–39 as a strong base, the stock has only one way to move i.e up. 6. Technically speaking, the stock is trading at 0.64 times its book value and appears to be undervalued given the above-mentioned reasons. Talking about targets (Daily time frame): The stock has a strong resistance zone at 40 .55–42.80 and a strong support zone at 32.50-34.50 levels and hence perfect time to invest would be when the price is close to the support level or breaks the resistance zone i.e above 42.80. The first target for the stock would be 53+ and the second target would be 70+ in months to come. NOTE: These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
NSE:PNBLong
by mishraparimal09