$BN Quarter 3 (Q3) AnalysisBN’s buy zone managed to hold as support throughout the stock market’s bearish August and September price action. For Q4 I believe that BN will trend up with the light blue, red, and orange trendlines as realistic price targets that will act as resistance levels on the way up.
BN
BROOKFIELD Analysis (BN)📝 1. Introduction
Brookfield is a global asset company active in a variety of industries, including Renewable Power and Transition, Infrastructure, Private Equity, Real Estate, and Credit and Insurance Solutions.
With approximately 180,000 employees in more than 30 countries, the company has an extensive network of investments and operations around the world.
The correlation with the S&P 500 is close to 1:1 most of the time.
Given the company's scope in several sectors, its size and its history, it is important to put it on the table when carrying out a broad market analysis.
🧾 2. Fundamental Analysis
🔴 Analyzing the aspect of operating results, net revenue has been progressively falling since March 2022.
It is now practically at the same level as March 2020.
This reflects on the Earnings per Share, which is not following the Estimated Earnings per Share, indicating a possible excess of optimism on the part of analysts.
🤔 Will revenue drop to the same level as in June 2020?
🔴 Free cash flow is on the same path, at the same level as in March 2020 as well.
🟢 Looking at the P/E ("Price/Earnings"), we can see that the share price has become more expensive in relation to its earnings, giving a balance from the end of last year.
A higher P/E can be a result of a positive expectation for the company's growth.
🟢 The P/CF ("Price/Cash Flow") is signaling a recovery, indicating an increase in the share price in relation to its available cash, which may also corroborate an optimistic expectation for the company's growth.
🟢 Finally, looking at the Balance Sheet aspect, Shareholders' Equity continues on a constant upward trend, which demonstrates financial health.
🟡 Conclusion: Said that, I don't see any problem with this fundamentalist data.
My only point of attention is regarding net revenue, which is at the same levels as the start of the pandemic back in 2020.
Due to the increase in the cost of money, revenue may reach the same level as June 2020 or even worse. The X of the question is how much and when.
📈 3. Graphic Analysis
A buy in the region between $30 and $31 after an upward pivot becomes more attractive, offering a good risk/return ratio:
Another scenario that can develop, which is easier to visualize on the line graph, is a trading range within a triangle.
In this scenario, I think the price would break below the triangle to capture the bulls' stops, and only then begin an upward movement.
Budget Trade - Bank niftyBank nifty trade for Budget.
Need to check BN opening
if open Range above today's high then it will move between 40500 to 41000 and in 2nd half either side good move.
if Open range below 40400 and sustain and hover in between 40400 to 39980 then in 2nd half either upside or down side we get good move.
this is just my view and for education purpose only.
so level to watch 40500 to 41000 for upside and 40400 to 39980 for down side.
Buying Danone breakout.Danone - 30d expiry - We look to Buy a break of 50.81 (stop at 49.58)
Price action has formed a bullish ascending triangle formation.
50.73 has been pivotal.
Posted a Double Top formation.
A break of the recent high at 50.74 should result in a further move higher.
This stock has seen good sales growth.
In our opinion this stock is undervalued.
Our profit targets will be 53.88 and 54.48
Resistance: 50.80 / 52.30 / 53.40
Support: 49.40 / 48.70 / 48.00
Disclaimer – Saxo Bank Group.
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Bank Nifty Support in the zone of 21500-21600Date: 02 July 2020
Time: 01.18 pm
Bank Nifty (CMP:22100)
Bank Nifty is moving in a channel and currently forming a rising wedge pattern. It can find support in the zone of 21500-21600 and then again start moving up or breakdown. While breakdown in price looks unlikely but be cautious because the earning season will soon start and this will be crucial one as the results of Apr-June qtr will be very important. But market is discounting the poor results. Only if the major banks like ICICI, HDFC Bank, SBI, Axis, Kotak bank perform worst i.e. poorer than expectations then BN will crack.
Not looking for any target. Just keeping a watch on BN based on this analysis.
BNB/BTC - it's not a bull wedgeit's not a bull wedge
Don't fly in the clouds it's a bear cycle at BNB
i sell half of all bnb
I’ll leave the other half for a possible suggestion that I did not understand the schedule correctly
maybe I'm wrong and the level of 0.002 is the strongest and can withstand the seller
don't be fooled