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Budget2024

#YESBANK breakout trade setup (18/07/2024)Greetings Folks, today I have prepared a setup of NSE:YESBANK on NSE the analysis is as follows- - the price has been consolidating in a triangle pattern for a while - its right now trading near the trendline support - wait for the proper breakout in either side, i am not biased towards a particular direction - i have chosen small targets regarding the upcoming pre budget volatility don't play with fire, always use a predefined stop loss
NSE:YESBANK
by profitpujari
Emphatic jump by Nifty on the back of IT and few other sectors.24K is done and dusted now what can we expect? As indicated earlier IT was the index to watch out for this week. There was a cup and handle formation and cup and handle breakout in the sector after lot of consolidation. Few other sectors that were red hot were Energy, Infra and consumption. We had also indicated that Mid and small cap shares will face the brunt of profit booking as there is a sectoral shift towards large caps. Nifty has given a closing above important Fibonacci level of 23931 and it has opened the door for Nifty to grow towards the targets of 24246 and 24707 if we get a closing above today's high of 24087. 24K closing is done and dusted. Weekly closing tomorrow and more importantly monthly closing above 24K will has potential to give further boost to the market in the medium and long run. Important support levels to watch out for Nifty will be at 23931, 23750 followed by 23338. Most important Mother line support of 50 days EMA is at 22912 now. Nifty will come back once may be tomorrow / next week or next month. to test one of these support. A word of caution: Many sectors like Sugar, Electronic manufacturing, Textile, Defense, PSUs,Energy, Infra, Fertilizers (Agro) and Speciality Chemicals, health care and insurance, consumption are expecting good budget which will favour them. Incase the budget is disappointing they will be the first to bear the brunt of the market. So be cautious with your stop losses while you enjoy the upward ride.
NSE:NIFTY
by Happy_Candles_Investment
Buy Tourism Stocks - Enjoy your Vacation with ITDCEveryone wants to have a Break from their Routine Life - A Time with Family - A Pleasant Vacation, but all of these comes with Cost Tourism Sector is a Very expensive area - Not just booking Hotels, Flight Tickets, Money is needed to Buy Gifts from Vacation spots, Food, Appropriate Clothing etc....Where do we generate money for this Expenditure ???? INDIA INC - Interim Budget announcement has shed so much focus on Tourism Development. ITDC - India Tourism Development Corp is in Focus after the Budget. The stock closed 20% UC on Budget Day - Breaking out of 7 Years Rounding Bottom Pattern Today being Weekly Close (Feb 2nd) - Wait until 3:15 pm to ensure the BO above 750 has sustained until Weekly Close. Target 1400 - approx 2x from CMP. Don't miss this, but don't rush in the morning. Wait until stability by day close Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:ITDCLong
by Stocks-n-Trends
Hubtown - The Busiest Hub in the Town :)Revered as one of the most reliable real estate developers in India, Hubtown was conceived in 1985 with the intent of dramatically transforming the real estate. As part of the Interim budget there is strong focus on Railways, Infra, Green Energy and Real Estate. On the Technical Front - Hubtown has formed a big Cup and Handle BO on Monthly level. There is an immediate resistance at 150 Above 150 WCB - Hubtown will fly towards 255 Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:HUBTOWNLong
by Stocks-n-Trends
Aditya AMC quarterly result tradeAditya Birla Sun Life AMC Ltd the company of the old and prestigious Birla group has posted its best ever quarterly result with highest sales and net profit. The quarterly has profit has increased to 209 crore and its growth is supported by the accelerated growth of whole mutual fund industry. The target price is 700 for about 47% potential gain It is a high potential company because of the following factors- Return on capital employed >30 Debt to equity <0.1 Net profit preceding 12months >500 Net Profit latest quarter >100 Please do your own analysis before investing or trading. Thank you and do like and follow if you like my analysis.
NSE:ABSLAMCLong
by ronak16125
Nifty Bank View for Upcoming MonthHello Everyone, As we know on 1st of February, Union Budget is going to be announced. After that there will be a major reshuffle in the stock portfolios of the FIIs. Beside this Banking Sector is always on the top priority. So here we will discuss the major Support and Resistance Levels which if breaks could give a one sided momentum. So, basically we have seen Nifty Banks is trading closes near 45360 levels, if supposedly it takes takes support of 44500 and goes beyond that level then it will go till 43380 level. But if it start moving upward and cross the major resistance zone of 46300 level then there will be a great rally further. Upcoming levels shall be 47210-48270-49100. Optimistically the market mood depends on the Budget day and after that. One side momentum will start after next week of budget most probably. Thanks
NSE:BANKNIFTY
by TripuraInvescorp