Get started

Nsestocks

GRP LTD Double Bottom BreakoutThe idea here is about GRP LTD: GRP Ltd is engaged in the production of reclaim rubber from scrap of whole tyres, tread peelings, natural rubber tubes, butyl tubes, molded rubber products for different applications in both, tyre and non tyre rubber products.. 1. Broken out of Ascending Triangle, Double bottom & retesting of support & neck level in progress at the time of publishing. 2. Trading above 20 & 200 EMA on daily chart. 3. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily chart is Strong for an upward momentum. 4. RSI is at 70.46 on a Daily Chart at the time of publishing. 5. MACD Way above signal line on daily chart. 6. Hull Moving & other moving average is a strong Buy on Daily, Weekly & monthly chart. 7. Wait for retest completion for long entry. However, keep in watch list for the week & alert for price momentum. Projected targets as per Ascending triangle & Double bottom provided in the chart. Stop Loss: provided in chart. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:GRPLTDLong
by Tron029
HDFC BANK LongIndian private bank king is ready to make an impulse in the long direction be in the trend for the rewards 1 Week time frame Factors which im considering 1) RSI divergence 2) Piercing candle in the support of 50 sma 3) Support in 50 sma 1 Day time frame It has taken good support in 1 day time frame of 50,100 sma( simple moving average) reversal pattern in 1 day time frames 4HRS TF It is forming a bullish correction and continuation pattern along with the support of sma (50,100,200)
NSE:HDFCBANKLong
by BUZZZZZ-BEE
TCS analysisThere are two cases for TCS on HTF! Case -1 Right now it broke downtrend and retested 0.382 fibo level nicely if it broke then we will retest 0.236 fibo level or else we will see any time reverse from these two levels! Case-2 As we can see that it is forming inverse H&S and sitting on top of 2nd shoulder if it will reverse from there and breaks the Neckline then it will retest the neckline and it will go upwards! Right now- OBV broke downtrend and retesting the trendline RSI is sitting at good support of 40-41
NSE:TCSLong
by geekboi1337
(ONSE:RHIM) RHI Magnestia India Capital Cycle Play?RHIMagnestia India ltd earlier known as Orient Refractories Limited (ORL) is in the business of manufacturing and marketing special refractory products, systems and services to the steel industry in India and Globally. It is a market leader for special refractories in India and has many global customers for its international quality products. KEY POINTS Revenue Breakup Presently, the company earns 74% of its revenues from manufacturing of refractories and 22% from trading of refractory items. Dependent Industries Demand for refractory is primarily dependent on steel industry, which accounts for 75% of total sales. Refractory products are also used glass, cement, non-ferrous, petrochemicals, etc. Manufacturing Facilities The company has 2 manufacturing facilities located in Bhiwadi, Rajasthan and Tangi, Odisha for its manufacutring operations. Capacity Expansion & Investment In FY20, The company purchased certain assets of Manishri Refractories & Ceramics Pvt Ltd's plant situated at Cuttack, Odisha for ~44 crores. The plant has capacity of 10,000 tonnes of MGU bricks which will be increased to 18,000 tonnes post capex. It also acquired 100% stake in Intermetal Engineers India Pvt Ltd for 10 crores for manufacturing of steel plant equipments which are exported to its customers in Gulf and African Region and caters to 400 plant customers in India. Merger Scheme The company proposed a merger scheme to merge RHIIndia and RHIClasil (promoter group entities) with the company. The merger would issue ~4 crore equity shares to the shareholders of RHIIndia and RHIClasil which would have increased the equity capital of the company to 16 crores. The scheme was rejected by the NCLT in March 2020. However, the NCLAT directed NCLT to approve the scheme without any delays January, 2021. Acquisition by RHIMagnesita RHIMagnesita acquired 43.6% stake in the company from the core shareholders in March, 2013. It further acquired 26% stake through an open offer in April 2013. RHIMagnesita is a global leader in refractories with largest number of manufacturing locations around the world. Disc: Not invested as yet , might add a tracking position next week.
NSE:RHIMLong
by Peaceful-Weekend-Investing