Resilient Reliance RisesReliance CMP: 2264
Reliance is one of the top companies in India having a Market cap of Rs 1533454.7 Cr. It is a conglomerate with major activities in Oil and Gas, Retail, Telecom, Finance, FMCG, Green Energy and other growth oriented sectors. Investing in Reliance is equivalent to investing in multiple sectors. Entry in the stock can be taken above 2289 closing. Target will be 2374 and 2464. The long term target in the stock will be 2604 and 2800+. The stock is a long term investment idea and a Portfolio stock. The stop loss in the stock can be maintained at a monthly closing below 1840.
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Rites Making the right moves.RITES or Rail India Technical and Economic services is a leading player in the transport consultancy and engineering sector. Rites is a MiniRatna (Category-I) and Schedule 'A' Central Public Sector Enterprise under the Ministry of Railways. Negatives of the company is MFs are decreasing stake. Positives of the company are no debt, zero promoter pledge, improving annual net profit, improving quarterly net profit, FIIs are increasing stake. Dividend Yield of the company at is 5.23% at CMP. X/2 Entry in the stock can be taken after closing above 360. Second and Final Sip of X/2 can be taken in the company after closing above 378. Targets for will be 390 and 408. Long term target in the stock will be 436. Stop Loss in the stock can be kept at a closing below 300 Weekly closing.
HCL Tech Consolidating and ready to launchHCL Technologies Limited is an Indian Multinational information technology (IT) service and consulting company. Negatives of the company are declining cash from operating activity annual and MFs are decreasing stake. Positives of the company are no debt, zero promoter pledge, improving annual net profit, improving quarterly net profit, FIIs are increasing stake and Dividend Yield of the company at current Market price is 4.48%. Entry in the stock can be taken after closing above 1118. Target in the stock will be 1139 and 1158. Long term target in the company can be 1210+. Stop Loss should be maintained at a closing below 960 Monthly Closing.
Okta posed to break higher?OKTA - 30d expiry - We look to Buy a break of 88.08 (stop at 80.89)
The sequence for trading is higher highs and lows.
Daily signals are bullish.
A break of the recent high at 87.88 should result in a further move higher.
Our outlook is bullish.
This stock has seen good sales growth.
Our profit targets will be 105.48 and 108.48
Resistance: 87.88 / 90.00 / 94.00
Support: 80.00 / 77.51 / 74.00
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Quick analysis on BURGAN BANKGood afternoon dear Kuwait inverstors!
I saw people on a group arguing on whether they buy BURGAN BANK stock or no, I made this analysis to share my thought with you.
You can see on the chart that the price kept going down on a channel for the past 9 years, Aug 2022 it did what we call a squeeze on the system I follow. Currently, the market is consolidating and we'll be waiting for it to break the channel to see if you must buy the stock or no.
For more questions on any market you want don't hesitate to ask and I'll be answering with pleasure!
NETFLIX IS AT A CRITICAL POINTThis asset is sited at a critical zone (confluence of support line and ascending trendline)
I see this asset taking a bull ride to $335 zone and a possible pullback to $325 zone before taking the main bull run to $370 zone. This $370 zone happen to be FIB38.2 zone.
I will wait for favourable price action and I will ride this asset up.
Always remember to set your SL as to limit your loses.
Follow me for more analysis, like and share your thought on the comment section.
ASAN Asana Options Ahead of EarningsLooking at the ASAN Asana options chain ahead of earnings , I would buy the $17.5 strike price Calls with
2023-3-17 expiration date for about
$1.30 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
Quick analysis on 8040I'm sharing with you an analysis I have made onths agoand kept private, as you can see on the chart the price came down to pullback on the tough support we have at 12.91 multiple times then managed to break the resistance line with the highest volume in months, then it managed to make a pullback on the vwap last week to continue climbing up.
Buy it for long term profits.
In case you got any question about any market don't hesitate to ask I'll be answering with pleasure.
TIME TO BUY KUWAIT FINANCE HOUSE STOCKSI sold this analysis to a custommer 3 weeks ago and after getting his autorisation to share it with public here I am sharing it.
Dear investors, as you can see on the chart the price broke the golden point after pulling back on the resistance 3 times to continue its way up.
What's stopping for not buying KFH !
For more questions don't esitate to ask
Long Term Investment Idea Coromandel International Ltd. Coromandel International limited is a company founded in 1960. Originally named Coromandel Fertilisers, the company is in the business of fertilizers, pesticides and specialty nutrients. CMP of the stock is 934.05. Negatives of the company are High promoter pledge and Declining cash flow from operating activity. Positives of the company are no debt, improving annual net profit, improving quarterly net profit, FIIs and MFs are increasing stake in the company. Entry in the stock can be taken after closing above 941 levels. The targets will be 974 and 1009. Long term target of the stock will be 1044 and 1096. The stock is a long term investment idea. Stop loss should be maintained at closing below 878.
Long Term investment Idea Zydus WellnessZydus Wellness is a company with strong Market share about (90%+) in Sugar substitute products. Sugar-Free is synonymous with Sugar substitute. The other brands associated with the Company are Complan, Glucon-D, Everyuth, Nycil, Sugarlite, Nutralite, SugarFree D’lite etc. CMP of the share is 1481.65. Negatives of the company are High valuation (P.E. = 31.6), Declining cash flow and Mutual Funds decreasing stake. Positives of the company are Zero promoter pledge, no debt, improving annual net profit, improving quarterly net profit, and FIIs are increasing stake. Entry in the stock can be taken in Two parts 1st after closing above 1486. 2nd after closing above 1537. Target will be1580. After closing above 1580. The long term target in the stock will be 1641 and 1712. The stock is a long term investment idea. The stop loss in the stock can be maintained at a closing below 1372.
ALCOA ($AA) Elliott Waves Technical AnalysisFrom a technical point of view, Alcoa still has an interesting technical structure in play in the medium term. As we can see on weekly chart, the pullback triggered from the last Top reached an important support area around $33 and from here, the market has developed a nice reaction, at the same time however, we need to destroy the important resistance area around $59/$64 to confirm wave 3. If this happens, $AA should be able to trigger a new Top in the medium term. Of course, this setup is not as simple as the last one we shared and published a few years ago (see chart below), but at the same time it could be an interesting trading opportunity, especially if we are able to follow it on small time frame ( daily or intraday chart). Technically speaking, we may have much more information after the next opening bell...
OUR LAST SETUP ABOUT ALCOA
(Click & Play, play, play and play on chart below)
Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖
Cheers!
N.B.: Updates will follow below
TIME TO BUY AL RAJHI BANK !Dear investors, this is time to buy AL RAJHI BANK stocks. As you can see on the chart the price kept consolidating in a specefic channel the past eight months, I have been waiting for this exact moment to announce you this for the past three months, here we are today. After the consolidation and the small range of volumes, this week we got a high volumed springbox at the end of the down trend, plus it pulled near the 209 EMA. What are you still waiting for ? BUY AL RAJHI BANK stocks !
In case you have any question don't hesitate to ask I'll answer with pleasure