PNC INFRATECH - FIRST ENTRY HAS INITIATEDEverything is pretty much explained in the picture itself.
I am Abhishek Srivastava | SEBI-Certified Research and Equity Derivative Analyst from Delhi with 4+ years of experience.
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PNCINFRA trade ideas
PNC INFRATECH LONG 1: 6 RR Target 732PNC Yearly Demand -135
PNC Half Yearly Demand 388 BUFL
PNC Qtrly Yearly Demand 388 DMIP
PNC Month Demand 388 DMIP
PNC Weekly Demand 444
PNC Daily Demand 403
Put Together 440 is strongest Zone & It is close to 200 DMA
Level 1 : BUY PNC :444 SL 395 -Target 730
RR is 1:6
PNC Infra: Play on Modi 3.0Infra
Infra
Infra
New Projects worth Rs 5000 Cr in Maharashtra
Thats nerly 500 crore of Profits in 2 years
Q$ 24 earnings realeases on Friday 24th May
TTM earnings 660 cr
Expecting New TTM to be in 710 CR range
That woudl lead to 18.7 PER, still cheaper than many peers like IRB.
PNCINFRA: A Bullish Opportunity?Introduction:
As the stock market wizard and ghost writer, I have been analyzing PNCINFRA, a stock listed on NSE, which is currently trading at Rs.413.55. In this blog, I will share my analysis and insights on the potential bullish opportunity in this stock.
Fibonacci Retracement:
The fibonacci retracement analysis reveals that PNCINFRA has the potential to grow in price. The stock has been trading above its 50-day high and low, which is a bullish sign. The 0.5 fibonacci line, which is at around Rs.411, is a crucial support line, and the CMP is already broken above this line. This indicates that the stock has the potential to continue its upward momentum.
Support Trendline:
The support trendline drawn on the weekly timeframe is at around Rs.340, which is very crucial for the stock's price movement. The CMP is already trading above this line, which is a bullish sign.
Resistance Line:
The resistance line drawn on the weekly timeframe is at around Rs.411. The trendline is also perfectly meeting the 0.5 fibonacci line, which adds more strength to the bullish case. The CMP is already trading above this line, which is a bullish sign. The stock has broken above this line, indicating that it has the potential to continue its upward momentum.
RSI:
The RSI (Relative Strength Index) is at 51, which indicates that the stock is not overbought. This means that there is still room for the stock to grow further. The recent down move could be a pullback, which could provide a buying opportunity for investors.
Conclusion:
Based on the above analysis, it appears that PNCINFRA has the potential to be a bullish opportunity. The stock has broken above its crucial resistance line and is trading above its 0.5 fibonacci line. The support trendline is also intact, which adds strength to the bullish case. The RSI is not overbought, indicating that there is still room for the stock to grow further. Investors could consider buying this stock, but it's always important to do their own research and consult with a financial advisor before making any investment decisions.
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
PNC INFRAPNC Infratech Limited provides infrastructure implementation solutions that include engineering, procurement, and construction ("EPC") services on a fixed-sum turnkey basis as well as on an item rate basis.
Entry Point 321 - Target 380 with SL 300
Market Cap
₹ 8,135 Cr.
Current Price
₹ 317
Stock P/E
11.6
Book Value
₹ 155
Dividend Yield
0.16 %
ROCE
15.3 %
ROE
16.6 %
Face Value
₹ 2.00
Promoter holding
56.1 %
EPS last year
₹ 22.6
EPS latest quarter
₹ 5.15
Debt
₹ 5,538 Cr.
Pledged percentage
0.00 %
Net CF
₹ -326 Cr.
Price to Cash Flow
-16.3
Free Cash Flow
₹ -559 Cr.
Debt to equity
1.39
Volume
1,904,286
OPM last year
21.3 %
OPM 5Year
24.4 %
Reserves
₹ 3,935 Cr.
Price to book value
2.04
Int Coverage
3.21
PNC Infratech Ltd Trend AnalysisBroader look shows Head and shoulder pattern formed as highlighted in the chart.
As per the pattern, there is more downside possibility.
The technical target is around Fib golden zone highlighted as ACCUMULATION ZONE.
Other technical aspects are as follows:
1. Current pattern shows a BEAR FLAG as highlighted.
2. Even though there was a huge pump today, unfortunately price closed below the red trendline resistance.
3. Strong divergence with RSI.
Some of the fundamental aspects are as follows:
1. Increasing trend of borrowing, current Debt/Equity is 1.35 which is concerning.
2. Expecting lower Net Profit than previous year due to reduced OPM% and increased expenses due to increasing interest.
All these factors are in confluence for a strong downside.
Do your own due diligence before placing any trade.
Thank me later!!
Peace.....