FB Potential For Bullish Bounce | 21st April 2022Price is near to the key pivot level. We can see a potential for bullish bounce from buy entry level of 198.49 which lines up with 78.6% Fibonacci retracement towards the take profit level of 212.11 which lines up with 38.2% Fibonacci retracement and 100% Fibonacci projection . Otherwise, price might break through key pivot structure and head towards the stop loss level of 190.42 which is a previous horizontal swing low support.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Stockstowatch
Nitin Spinners evolving as a long term story.Take Fresh Entry above 278 closing in Nitin Spinners. The targets will be 294 and 306 for now. Keep a trailing stop loss at closing below 230.
MFs are increasing holding in the stock. FII are increasing hold in the stock dramatically. EPS of the company increasing. Zero Promoter Pledge. PE is 5.3 so the valuations are excellent. Only negative is cost on projects that are under execution is increasing.
Looks like a Good Strong Long Term Story Which Is Evolving.
Dalmia Bhart looking solid Dalmia Bharat Ltd is holding above 50 days EMA at CMP 1630 after forming a bottom for the time being between 1290 and 1341 region. X/2 Entry for a long term can be taken in Dalmia Bharat above 1645 closing. The Second X/2 entry can be taken in the counter after it closes over 1766. Targets for Dalmia Bharat will be 1875 and 2017. Stop loss should be maintained at closing below 1290. Down side of the share are its poor result in the last quarter and poor net cash flow. The positives for the company are FIIs and MFs are seen increasing their stake in the company. Dalmia Bharat is a low debt company where promoters have Zero pledge.
If Honda is able to clear the final resistance, it can bloom.Honda Inda Power is a company with Zero debt and Zero promoter pledge. It has also seen MFs and FIIs increasing their stake recently. It is seeing a rising net cash flow. X/2 Entry can be taken above 1292 closing. The second X/2 entry can be taken above 1316 closing. Targets will be 1368 and 1423. A stop loss should be maintained at closing below 1120. If we get a closing above 1451 the stock has potential to go to 1510+ levels.
IDBI BANK LTD( EDUCATIONAL PURPOSE ONLY)
There is no guarantee in stock market and Nothing over week
Always Invest or trade according to your loss bearing capacity
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY)
IDBI BANK LTD. with target of RS 50 CMP IS RS 47.35
STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR RS 45
Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis are for your information and educational purposes only and it does not constitute any recommendation to buy or sell any stock or index. Use your own wisdom.
M B PANDEY
Student of Share Market since 2015
B.Sc. (MATHS & PHYSICS)
Disclaimer: I AM NOT SEBI REGISTERED
AMZN Potential For Bullish Bounce| 11th April 2022We expect a potential bullish bounce from buy entry level of 3082.91 in line with 71.8% Fibonacci projection and 161.8% Fibonacci projection towards the take profit level of 3202.72 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection . Our bullish bias is supported by the stochastic indicator where price is trading at support level .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ACB ideaIts been a long time since I traded this stock .
I remember trading it back in 2018 - 2019 at its ATH on eToro .
On the weekly time frame it had a nice bounce around the $2.85 area . I would like to see the price passing through the $5 resistance area and turning into a support zone .
From the 4th quarter of 2019 the stock is in a downtrend , I remember back in the day they started reducing the number of employees and the number of warehouses , which was also a negative impact for the stock , but also the competition was growing strong and gaining market share . Some bad quarter results had for sure one of the greater impacts on the stock .
From price action perspective I believe the strongest resistance is around $10 and $25 .
I am sure someone could argue in that there are better stocks out there at the moment , but I still believe they can grown in the future .
Saying that I am keeping a neutral position for the time , I just wanted to share my idea for this stock .
BFRI high analyst ratingsBFRI Biofrontera is a biopharmaceutical company which commercializes pharmaceutical products for the treatment of dermatological conditions in the U.S.
Benchmark brokerage Initiated Coverage on BFRI with a Buy rating and a price of $11.00
Roth Capital brokerage Initiated Coverage on BFRI with a Buy rating and a price of $20.00
Looking forward to read your opinion about it.
BHEL looks attractive and showing signals of trend reversal.BHEL is PSU which is into engineering and manufacturing capability across several core sectors, including power generation and transmission, transportation, renewables, water, oil & gas and defense & aerospace. X/2 Entry can be taken in BHEL at CMP and second SIP of X/2 entry can be taken above 57 closing. The target for BHEL will be 61.8 and 65.85. In a long run BHEL can even reach 70.5 if it is able to give an above par quarterly result or two. Stop loss should be maintained at closing below 44. It is a company with Zero Promoter pledge. MFs have increased their stake in BHEL in the last quarter or so.
HDFC is gaining excellent Tailwind.HDFC AMC is one of India’s premier asset management company with a Market cap of Rs.48552.9 Crores. Valuation wise it can be considered little expensive as it trades at a PE of 35.5 currently but the point to be noted here is that MFs, FIIs are increasing their stake in this company with no debt and Zero promoter pledge. Entry can be taken at CMP compounding can be done above 2337. The targets will be 2518 in the short to medium term. Long term target for HDFC AMC will be 2800+. Stop loss should be maintained at closing below 1990.
Is Meta Stock A Buy Now?Meta Platforms stock FB has shown some strength lately after rebounding from $185 demand area, the upward move could hit $230 levels corresponding to 23.6% Fibonacci Retracement level.
The upward correction would be highly supported by both; the good volumes and the positive crossover on the Relative Strength indicator.
Finally, it's worth mentioning that Meta Platforms stock FB is one of 2022’s most beaten-down large cap tech stocks. After its February earnings release, it fell 26% in a single trading day, then proceeded to decline another 21% after that.
GMMPFaudler - Fundamentally Strong StockDisclaimer: I am not a SEBI Registered Research Analyst and all these analysis are based upon own study and experience. Reader should take a note that, they should consider their goals and financial planners for taking any decision and consider this study as just a reference for research. I keep altering my positions so I may or may not be invested in my suggested stocks at any given point of time.
GMMPFaudler is a professional group focused on strong business growth. It corrected almost 55% from its top of 6900 and now trading at around 35% down from its top of 6900.
Fundamental Points:
1. Operating Profit has been increasing through the three quarters of 2021-22 reaching to an all time high quarterly profits in last 2 years
2. 9M22 Operating Profit is almost double the 9M21 Operating Profit
3. It has a decent pending order book from different countries of the World
Technical Points:
1. It is showing sign of healthy consolidation getting over with stability in prices during market turmoil
2. RSI positive divergence observed between 02nd March and 16th March rates
Cautious levels: 4175 and 4080
TATA Consumer coming back into the demand zone Tata Consumer a high of 889 last year corrected till 650 and is bouncing again. Entry can be taken in Tata Consumer after closing above 774 closing for the targets of 790 and 802 and 833. Keep a stop loss at closing below 650. Tata Consumer is a long term investment idea. Downside in this stock is high valuation of PE around 89.4. It is a company with low debt with strong cash generation ability.
Viveve Medical ⚠️ - This idea is based on my technical analysis only. Do your research and trade on your own risk!
AAPL Potential For Bearish Dip | 7th March 2022Prices are on a bearish momentum. We see the potential for further bearish dip from our Sell Entry at 162.26 in line with 38.2% Fibonacci retracement moving towards our Take Profit at 152.64 in line with 61.8% Fibonacci projection . Our bearish bias is supported by prices trading below Ichimoku cloud indicator. Alternatively, prices might move towards the stop loss level at 168.75 in line with 50% Fibonacci retracement and 78.6% Fibonacci projection .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.