Stockstowatch
Polyplex can playwell from herePolyplex Corporation Ltd. has the 7th largest capacity of polyester film globally. The company supplies it’s products to 2650+ customers in 75 countries across Europe, America, Far East, Asia Pacific, Middle East and The Indian sub-continent.
Polyplex Corporation CMP is 1357.65. Negative aspects of the company are declining annual net profits, declining cash from operations annual and FIIs are decreasing stake. Positive aspects of the company are no debt and zero promoter pledge. dividend yield of Polyplex at CMP is 7.8%.
Entry can be taken after closing above 1364. Targets in the stock will be 1395 and 1439. Long term target in the stock will be 1487 and 1536. Closing above 1537 can take a stock to very long-term target of 1650. Stop loss in the stock should be maintained at closing below 1263.
NMDC nudging ahead...NMDC (National Mineral Development Corporation) Ltd. is a government undertaking and also India’s largest producer of iron ore. It produces more than 35 million tons of iron ore from three merchandised mines in Chhattisgarh and Karnataka.
NMDC CMP is 107.50. Negative aspects of the company is declining annual net profits. Positive aspects of the company are improving cash from operations annual, no debt, FIIs are increasing stake, MFs are increasing stake and zero promoter pledge. Dividend yield of NMDC at CMP is 3.5%.
Entry can be taken after closing above 110. Targets in the stock will be 114.40 and 118.15. Long term target in the stock will be 122.25 and 126.70. Stop loss in the stock should be maintained at closing below 99.
bosch looking bombastic long term ideaBosch is an engineering and technology MNC company. The company offers mobility, home, industry and trade solutions but approximately 84% of Bosch India business comes from its automotive segment.
Bosch CMP is 19042.35. Negative aspects of the company are high valuation (P.E. = 39.4), declining cash from operations annual and FIIs are decreasing stake. Positive aspects of the company are improving annual net profits, no debt, MFs are increasing stake and zero promoter pledge.
Entry after closing above 19320. Target of the call will be 19541 and 19825. Long term targets in the stock will be 20247. Stop loss in the stock should be maintained at closing below 17858.
Picking up infosys is an informed choice1. Infosys ltd. is an Indian multinational IT company that provides business consulting, IT services and outsourcing services. The company is the top employer for the third consecutive year in 2023 and have presence in more than 56 countries.
Infosys CMP is 1335.50. Negative aspects of the company are declining cash from operations and FIIs are decreasing stake. Positive aspects of the company are improving annual net profits, no debt, MFs are increasing stake, promoter holding increasing and zero promoter pledge.
Entry after closing above 1337. Target of the call will be 1365 and 1386. After closing above 1420 the long-term targets in the stock will be 1485. Very long-term target for a long run are 1574 and 1623. Stop loss in the stock should be maintained at closing below 1189.
BB BlackBerry Limited Options Ahead of EarningsAnalyzing the options chain of BB BlackBerry Limited prior to the earnings report this week,
I would consider purchasing the 5usd strike price Call with
an expiration date of 2023-8-18,
for a premium of approximately $0.33.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
TAJ GVK looking to shine Taj GVK Hotels & Resorts Ltd. is the joint venture between Indian hotel and Hyderabad based GVK Group. Taj GVK has established its presence as an industry stalwart in a short time with 7 premium properties. The company has total room base of 1362.
Taj GVK Hotels & Resorts CMP is 230.65. Negative aspect of the company is FIIs are decreasing stake. Positive aspects of the company are no debt, improving annual net profits, improving cash from operations annual, MFs are increasing stake and zero promoter pledge.
Entry after closing above 236. Target of the call will be 245 and 253. Long term targets in the stock will be 268. Stop loss in the stock should be maintained at closing below 216.
Sona Looking SolidSona BLW Precision Forgings Ltd. is an automotive system and components manufacturer with 9 plants spread across India, China, Mexico and USA. The company offers highly engineered, mission critical automotive system and components such as differential gears, conventional and micro hybrid starter motor, BSG systems, EV Transaction motors and much more. Sona BLW Precision Forgings CMP is 516.35. Negative aspects of the company are high valuation (P.E. = 76.5) and promoter decreasing stake. Positive aspects of the company are no debt, improving annual net profits, improving cash from operations, MFs are increasing stake, FIIs are increasing stake and zero promoter pledge. Entry after closing above 520. Target of the call will be 532 and 545. Long term targets in the stock will be 570+. Stop loss in the stock should be maintained at closing below 490.
Indusind Inducing Confidence.IndusInd Bank Ltd. is one of the India’s leading financial services company. The Bank has network with 2606 branches and 2878 ATMs speeded across the country. They also have representative offices in London, Dubai and Abu Dhabi. Indujas are planning to hike their stake in the bank by inducing fresh amount of Rs.10,000/-Crores.
IndusInd Bank CMP is 1308.70. Negative aspects of the company are FIIs are decreasing stake, promoter holding decreasing and high promoter pledge. Positive aspects of the company are low debt, improving annual net profits and MFs are increasing stake.
Entry can be taken after closing above 1319. Targets in the stock will be 1344 & 1386. Long term target in the stock will be 1435. Stop loss in the stock should be maintained at closing below 1136.
BSE is bouncing.BSE Ltd. is the Asia’s 1st and the one of the largest stock exchange in the world. The company provides efficient and transparent market for trading in equity, currencies, derivatives & Mutual funds. S&P BSE SENSEX is India’s most widely tracked stock benchmark index.
BSE CMP is 608.55. Negative aspects of the company are high valuation (P.E. = 37.4), declining annual net profits & FIIs are decreasing stake. Positive aspects of the company are improving cash from operations, no debt and zero promoter pledge.
Entry can be taken after closing above 622. Targets in the stock will be 667 & 712. Long term target in the stock will be 759. Stop loss in the stock should be maintained at closing below 540.
SBUX a tale of two trendsSBUX appears to be in a repeating downtrend from Summer 2021 to Spring 2022. It would be ideal to utilize AI to predict how low SBUX will retrace. However, for the purpose of technical analysis (TA) and trend observation, I'm sharing indicators such as RSI, MACD, and AO, which suggest a high possibility of SBUX repeating the downtrend.
Over the next three months (June-September), SBUX is expected to move sideways between 96 and 106. Then, a significant drop would confirm the repetition of the downtrend, or a substantial surge could break 116, continuing the uptrend and setting a new high.
Here are the key observations:
On the weekly timeframe, RSI has remained below the mid-line since last month, indicating an expected continuation along the mid-line. Additionally, MACD's histogram bars are below the mid-line, further confirming the strength of the downtrend.
MACD is currently moving below the signal line, confirming the downtrend. Comparing previous uptrends on the price chart, which lasted 55 weeks, to the recent uptrend of 45 weeks, there is an approximate 10-week difference. Applying this 10-week gap to the length of the MACD histogram, which stayed below (or crossed) the signal line for 39 weeks in the past, the prediction for the repeating trend is approximately 28 weeks.
Similarly, looking at the Awesome Oscillator (AO), in the previous cycle, it took approximately 30 weeks for AO to cross below 0 and reach the lowest price. If the cycle is repeating, it is expected to take around 20 weeks to reach the lowest price.
Please note that these observations and predictions are based on technical indicators and historical patterns, and they may not guarantee future price movements. It's important to consider other factors and perform comprehensive analysis before making investment decisions.
Tingo Group Stock: A Strong Buy for Tech InvestorsThe tech industry is constantly evolving, and it can be difficult for investors to identify which companies are worth their investment. But when it comes to Tingo Group Stock Company, the answer is clear – this innovative company is a strong buy for tech investors.
As of June 2023, Tingo Group stock has reached a strong demand imbalance in the weekly timeframe, located at $0.9 per share. This makes Tingo Group one of the hottest tech stocks on the market right now.
Few more hurdles and Quess will not be a Question mark.Quess Corp Ltd. is one of the leading business service provider in India. They provide technology enabled staffing and managed outsourcing services across processes such as sales and marketing, back office operations, manufacturing operations and many more. The company operates in four main business verticals: workforce management, operating assets management, global technology solutions, product led businesses. Quess Corp CMP is 433.75.
Negative aspects of the company are high valuation (P.E. = 27.9), declining annual net profits, declining cash from operations annual, FIIs are decreasing stake, MFs are decreasing stake. Positive aspects of the company are low debt, promoter holding increasing and zero promoter pledge.
Entry after closing above 445. Target of the call will be 462 and 489. Long term targets in the stock will be 542. Stop loss in the stock should be maintained at closing below 398.
Tech Mahindra looking +ve for a take off....Tech Mahindra Ltd is the multinational information technology and consulting company. It is a part of Mahindra group having operations in over 100 countries leveraging next generation technologies including 5G, Metaverse, Blockchain, Quantum Computing, Cybersecurity, AI and many more. It ranks among the top 7 IT brands globally with AA+ rating.
Tech Mahindra CMP is 1093.60. Negative aspects of the company are declining annual net profits, declining cash from operations annual, FIIs are decreasing stake, promoter holding decreasing. Positive aspects of the company are no debt. MFs are increasing stake and zero promoter pledge.
Entry after closing above 1103. Target of the call will be 1141 and 1163. Long term targets in the stock will be 1196 and 1230+. Stop loss in the stock should be maintained at closing below 986.
High Risk and High PE Stock Patanjali Foods looking Positive. Patanjali Foods is one of the leading FMCG (Fast Moving Consumer Goods) player in India for producer and marketer of range of healthy edible oils and pioneer of Soya food products . The company owns 22 manufacturing plants that gives a strength of manufacturing and packaging 11000 tones material per day. It also one of the largest palm plantation company in India.
Patanjali Foods CMP is 1144.50. Negative aspects of the company are high valuation (P.E. = 46.7) and MFs are decreasing stake. Positive aspects of the company are improving annual net profits, no debt, improving cash from operations, FIIs are increasing stake and zero promoter pledge.
Entry after closing above 1152. Targets in the stock will be 1231 and 1297. Long term target in the stock will be 1370. Stop loss in the stock should be maintained at closing below 1000.
Rain getting ready to rain bullishlyRain Industries Ltd. is the world’s leading producer of calcined petroleum, coke, coal tar, and other basic and high quality specialty chemicals. The company operates in three key verticals: carbon, chemicals and cement. It owns and operates 17 manufacturing facilities established across North America, Europe and Asia.
Rain Industries CMP is 172.15. Negative aspect of the company is declining annual net profit. Positive aspects of the company are low debt, improving cash from operations annual, zero promoter pledge, FIIs are increasing stake. MFs are increasing stake.
Entry after closing above 174.5. Targets in the stock will be 180 and 185. Long term target in the stock will be 190, 197 and 205. Stop loss in the stock should be maintained at closing below 154.