MCD McDonaldsbearish posture short term, just lost 50MA, vol profile favors a pull back to 275 which is also .618 Fib
Stockstowatch
Necklace Pattern Series- "Bector Foods"How nicely Necklace Pattern is being shaped.
A Necklace is when stock goes down 90% & reaches back to its old lifetime High...Monthly TF clearly indicates target above Life Time High! Its re-claiming its past glory!
This is also called as rounded bottom, but since its re-claiming its old High, its no more a bottom, right?
Necklace Pattern and Trendline Break Out = WABAGThis scrip showing high potential to move up with 2 factors as mentioned in subject line.
1. It has Necklace Pattern follow up &
2. Its breaking Trendline.
eClerex making some clever movesEClerx Services Ltd. is an IT consultations & outsourcing company. It provides services based on process management, change management, data driven insights advance analytics etc. The company serves sectors like finance, telecommunication, media & software etc. eClerx Services CMP is 1394.70.
Negative aspects of the company are declining annual net cash flow. Positive aspects of the company are improving annual net profits, no debt, FIIs increasing stake, MFs are increasing stake, promoter holding increasing & zero promoter pledge.
Entry after closing above 1411. Targets in the stock will be 1446 & 1496. Long term target in the stock will be 1557 & 1681. Stop loss in the stock should be maintained at closing below 1224.
United Spirits looks high in spiritsUnited Spirits ltd. (McDowell) is engaged in manufacturing of alcoholic beverages. It manufactures the collection of brands such as Royal Challenge whisky, McDowell, Signature, Black Dog, four Seasons, Honey Bee etc. brand. They have 50 manufacturing facilities across India. United Spirits CMP is 817.05.
Negative aspects of the company are high valuation (P.E. = 52.3), declining cash from operations annual, FIIs decreasing stake, promoters holding decreasing & high promoter pledge. Positive aspects of the company are improving annual net profits, no debt & MFs are increasing stake.
Entry after closing above 821. Targets in the stock will be 853 & 892. Long term target in the stock will be 912 & 950. Stop loss in the stock should be maintained at closing below 728.
Necklace Pattern Series - "IZMO"Is this stock creating a Necklace Pattern?
A Necklace is when stock goes down 90% & reaches back to its old lifetime High... Just check this on M,W & D TFs with your own setup! Somethings is definitely cooking there!
TAJ GVK - Ready for Up Mmove?If R1 is crossed successfully, TAJ GVK seems to be ready to hit T1 & T2. It's going to be interesting set up going ahead. Have look at MACD Cross over on Daily TF as well.
Repco looking for revivalRepco Home Finance Ltd. is one of the leading housing finance company registered with National housing bank. The main products of the company are different category of home & plot loans such as dream home loan, home makeover loan NRI Housing loan & commercial real estate loan etc. Repco Home Finance CMP is 209.
Negatives aspects of the company are declining annual net profit, FIIs are decreasing stake, high debt. Positive aspects of the company are improving cash from operations annual, zero promoter pledge, MF are increasing stake.
Entry in the stock can be taken at 214. The short-term targets are 225, 235 & 243. The long-term targets are 254, 262 & 278. Keep a stop loss at 195.
Alembic looks for an arrival in the Bull marketAlembic Ltd. is engaged in the business of pharmaceuticals and real estate. Its core operation is manufacturing and marketing of APIs (active pharmaceutical ingredients) and construction and leasing of corporate & commercial properties. The company is also engaged in research and development in his pharma business. Alembic CMP is 69.20.
Negative aspects of the company are declining annual net profit & FIIs are decreasing stake. Positive aspect of the company is improving cash from operations annual, no debt, zero promoter pledge.
Entry in the stock can be taken after closing above 70. The short-term targets are 76 and 80. The long-term target is 87. Keep a stop loss at 63.
Prakash Pipes can Pull Out a good jumpPPL CMP: 171
Prakash Pipes is one of the largest PVC pipes and fittings manufacturer in India. The company products are Agri pipes, plumbing pipes, casing pipes and garden pipes etc. In 2018-19 the company entered flexible packing division & furthermore expanded it to provide complete packaging solutions to FMCG companies manufacturing laminates and pouches for snacks, soaps, shampoo etc.
Prakash pipes CMP is 171. The Negative aspects of the company is high promoter pledge. The Positive aspects of the company are improving annual net profits, no debt & improving cash from operating activity.
Entry can be taken at closing above 175. Final entry at 185. Target of the call will be 199. Long term target is 209. Stop loss of the call should be maintained at closing below 155.
Intellect Design Looking back towards golden days.Intellect Design CMP: 531.35
Intellect Design is one of the most comprehensive contextual open finance platform for all corporate banking & consumer banking requirements. It is a Polaris group company which is a world leader in FinTech solutions. The company works on SaaS (Software as a service) products such as virtual accounts, payment solutions, lending solutions, wealth solutions and many more. CMP of Intellect Design is 531.35.
Negative aspects of the company are FIIs decreasing stake & promoters holding decreasing. Positive aspects of the company are improving annual net profits, low debt, improving cash from operations annual, zero promoter pledge & MFs are increasing stake.
Entry can be taken in the stock after closing above 537. Targets will be 574 and 619. Long term targets will be 646 and 700+. Stop loss in the counter should be maintained at 441.
DIS Disney Options Ahead of EarningsIf you haven`t bought DIS Disney calls here:
Then analyzing the options chain of DIS Disney prior to the earnings report this week,
I would consider purchasing the 95usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $4.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Thirumalai Chemicals on an upswing. Thirumalai Chemicals Ltd. is one of the largest producers of phthalic anhydride, malic acid, maleic anhydride & fumaric acid globally. The manufactured items have a broad use in plastic industry, agricultural fungicides, enhancement of sweetness of fruits and carbonated drinks, animal feeds, medicines etc. They have presence in more than 34 countries.
Thirumalai Chemicals CMP is 204.90. Negative aspect of the company is declining quarterly net profits. Positive aspects of the company are zero promotor pledge, improving annual net profit, improving cash from operations annual, promotors increasing stake. FIIs are also increasing stake & low debt.
Entry in Thirumalai Chemicals can be taken after closing above 207. Targets in the stock will be 216, 222 & 228. Long term target in the stock will be 237 & 250+. Stop loss in the stock should be maintained at closing below 188.
Cosmo First takes First step towards finding old highs. Cosmo First Ltd. is a global leader in manufacturing of specialty films for flexible packaging, lamination, labelling and industrial application. The company has more than 56 eco-friendly products & its R&D (research and development) is equipped with modern analytical tools giving scientists an edge to characterize product at a molecular level.
Cosmo films CMP is 682.45. Negative aspect of the company is declining quarterly net profits. Positive aspects of the company are zero promotor pledge, improving annual net profit, improving cash from operations annual, promotors increasing stake, FIIs increasing stake & low debt.
Entry after closing above 701. Target of the call will be 755. Closing above 755 can take the stock to the long-term targets of 7954 & 849. Stop loss in the stock should be maintained at closing below 640.
HYSTER ($hy): Elliott Waves Technical AnalysisTechnically speaking, the trend on the main time frame is bearish, but at the same time we might get some trading opportunities in the short term. If we look at the intraday chart (4H), we see a small impulsive structure developing, and in this case, we are working on wave III. If our idea/analysis is correct, in short term I expect some pullback which should form a corrective structure (ABC or ABCDE Pattern), so it could be interesting to try to take Long position on wave IV. As we can see on the chart the R/R ratio is not good (<1:3), so using a small size should be a correct choice.
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Torrid Holdings big rounding bottom and falling wadge formationCURV is forming a huge rounding bottom (spot on for a plus-size clothing company) with a big gap at around 14 $ on a higher time frame. In a shorter time frame, there is a clear falling wedge that could soon be broken on the upside, this theory could be invalidated as there is a gap to be filled in the lower 2.5 $ area and the 200 ema could be a big resistance. IF the price would go past the Ema with ease I expect a big pump. In the last earning the company beat expectations by more than 40% and could return to be profitable in the next quarter.
Aarti Drugs looking to dazzleAarti drugs limited is a pharmaceutical & biotechnology company engaged in manufacturing of APIs (Active Pharmaceutical Ingredients), Pharma Intermediates & Specialty chemicals. With strong Research and Development (R&D) and GMP certified manufacturing units the company aims to provide quality and effective solutions to their clients PAN India.
CMP of the stock is 457.80. Negative of the company is declining annual net profit. Positives of the company are low debt, improving quarterly net profit and FIIs and MFs are increasing stake.
Entry in the stock can be taken after closing above 471. Target will be 512 & 531. Long term target will be 600+. Stop loss in the stock should be kept at the closing below 396.
Astral trying to break the shackles Astral limited started as a plumbing and drainage solutions providing company The company is today a big name in manufacturing pipes, drainage and water storage tanks used in real estate projects. Post the success company has forayed into diverse product range from ancillary (clamps & hangers) to industrial pipes.
CMP of the stock is 1483.50. Negatives of the company are High valuation (P.E. = 101.2), Declining quarterly net profit and FIIs decreasing stake. Positives of the company are no debt, zero promoter pledge, improving annual net profit & MFS are increasing stake.
Entry in the stock can be taken after closing above 1501. Target will be 1154 and 1657. Long term target will be 1700+. Stop loss in the stock should be kept at a closing below 1383.
RICHARD PIERIS (RICH.N0000) at Strong Support ZoneEntry Point : 20 to 21
Profit Target : 32+
Stop-Loss : 18.5
Disclaimer : The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
Stock to buy. Trip Advisor Could Make Your Portfolio ExplodeIf you're looking for a growth stock to add to your portfolio, you may want to consider TripAdvisor (NASDAQ: TRIP). The online travel company has seen its stock price nearly lose 50% of its value in the past year and is currently trading at all-time lows with a strong weekly demand level in control. The imbalance is trading at HKEX:18 per share. This demand imbalance has a lot of potentials to help TripAdvisor stock rally in the following weeks.
ASTRAL INV H&S patternASTRAL CMP 1448
Strong buying at lower levels
forming INV H&S bullish pattern
Abv all key averages
Can give good 12-15% in short , maintain SL 1360
#ACC Looking good in coming days #ACC... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
Z Zillow Group Options Ahead of EarningsIn my opinion, Zillow, a well-known online real estate platform, is poised to witness a significant drop in revenue this quarter due to various factors.
Firstly, there seems to be a lack of interest among potential customers in utilizing their services.
Additionally, with interest rates currently high, it is possible that fewer people will be interested in purchasing homes, which could further impact Zillow's revenue.
These challenges, along with other market factors, make it a tough quarter for Zillow, and the company will need to navigate these challenges carefully to maintain their market position.
Now analyzing the options chain of Z Zillow Group prior to the earnings report this week,
I would consider purchasing the 40usd strike price Puts with
an expiration date of 2023-12-15,
for a premium of approximately $4.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
