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GBPAUD Long Trade Setup A #long trade opportunity recently presented itself on the #poundaussie (#GBPAUD) #trading chart 📈. This is indicated by the #bullish engulfing candlestick 🕯️ pattern just above the 1.91028 horizontal support level. This indicates a rejection of the same level, with potential price move in the upward ⬆️ direction (#buy). Sufficient upward momentum should see price rallying towards the 1.95000 psychological level and possibly testing the strength of the 1.95193 horizontal resistance level. As always, please apply appropriate risk management. Happy trading! #crosspair
Long
by charles-okoukoni
2
AUDCAD Long Trade Setup A #long trade opportunity recently presented itself on the #aussieloonie (#AUDCAD) #trading chart 📈. This is indicated by the #bullish engulfing candlestick 🕯️ pattern just above the 0.88046 horizontal support level. This indicates a rejection of the same level, with potential price move in the upward ⬆️ direction (#buy). Sufficient upward momentum should see price rallying towards the 0.90000 psychological level and possibly testing the strength of the 0.90113 horizontal resistance level. As always, please apply appropriate risk management. Happy trading! #crosspair
Long
by charles-okoukoni
3
Strong Buy Petronet cmp 214, target 300, Timeframe 1 month.Petronet is into developing, designing, construction, operation of owned and import Liquified Natural Gas(LNG) terminals in India. The company is in the niche business of transportation, storage and regasification of LNG. It owns and operates 2 regasification terminals at Dahej (Gujarat) and Kochi (Kerala) with a combined capacity of 22.5 MMTPA. It accounts for 40% of gas supplies in the country and handles ~75% of LNG imports in India. The company's major customers are GAIL, IOCL and BPCL. Petronet LNG has pioneered the concept of consumption of LNG as liquid ONLY in long distance heavy duty trucks and inter city buses. Small Scale LNG (SSLNG) includes supply of natural gas in the form of LNG to small consumers through unconventional transportation methods like trucks, small vessels etc Petronet is taking initiatives for promoting environment friendly LNG as a fuel in road transportation. It has commissioned India's first LNG dispenser stations inside Dahej & Kochi LNG terminals and has also commissioned the first commercially approved LNG powered buses of the Country.It has signed MOU's with IOCL, Indraprastha Gas Limited, Sabarmati Gas Limited, State Roadways Corporation like KSRTC for running few buses on LNG and establishing LNG dispensing stations at their locations. Petronet LNG is planning for construction of LNG regasification terminal at Bangladesh. It has submitted detailed feasibility report for construction of storage and gasification terminal in South Andaman. Similarly it is planning for setting up a Floating storage & regasification terminal at Colombo, Sri Lanka along with Japanese consortium. Petronet is planning for expansion of the capacities at Dahej Terminal to 22.5 MMTPA from the current 17.5 MMTPA. Key Ratios: ROCE - 26.6 % ROE - 22.8 % EPS - ₹ 22.7 Dividend Yield - 3.27 % Debt to equity - 0.20 Price to book value - 2.00 Stock P/E - 9.44 Industry PE - 18.1 Conclusion: With such a high ROCE and good dividend yield, Petronet is just trading at PE of 9.44 which is considerably undervalued as compared to Industry PE of 18. Technically the stock is poised to give a sharp movement upside as it started rising from strong support zone which is a double bottom pattern and the trend bullish structure is intact. Earlier the breakout of trendline is acting as as support. Trendline connecting lows was taken out for a few days only to grab a liquidity and exit weak hand and to retest strong support levels and from there it has risen sharply with high volumes and it iss again above lower trendline indicating a sharp reversal and good momentum to follow in coming days. The target expected is 300 in timeframe of 1 month which comes to 40% return in just 1 month.
NSE:PETRONETLong
by PrashantDahale
5
Strong Buy Aartiinds cmp 645, target 740-745 in 10-15 sessionsAarti Industries Ltd manufactures and deals in Speciality Chemicals and Pharmaceuticals. Company has 21+ manufacturing units, 100+ products, 700+ domestic customers, 400+ export customers in 60+ countries with major presence in the USA, Europe, Japan, etc. Product Profile: a) Special Chemicals: Benzene, toluene, nitric acid, chlorine, methanol, aniline, sulphur, etc. b) Pharmaceuticals: API, Intermediates, Xanthine Derivatives, CDMO User Industries: Polymer and additives, agrochemicals and intermediates, dyes, pigments, paints, and printing inks, pharma intermediates, fuel additives, rubber chemicals, resins, etc. Clientele: a) Polymers and Additives: BASF, Sojitz, Solvay, Teijin, Toray, Dupont, Sabia, Dic b) Pigments, Paints, Printing Inks and Dyes: Huntsman, Clariant, Atul, Archroma, Sun Chemical, Sudarshan c) Agro Intermediates & Fertilizers: Bayer, Sygenta, UPL, Gharda Chemicals, FMC, Makhteshim, Coromandel Segmental Revenue: In FY22, company generated revenue from Speciality Chemicals 84% and Pharmaceuticals 16% Geographical Revenue Split: In FY22, company generated revenue from Exports 44% which consisted of revenues from North America 11%, Europe 11%, China 5%, Japan 3% and rest of the world 11% Demerger: On 30th January 2023, company demerged its Pharma entity into a separate company viz. Aarti PharmLabs Limited after getting approval from NCLT Ahmedabad. Shareholders of the demerged company received 1 equity share of Rs. 5/- of the Resulting Company for every 4 equity shares of Rs. 5/- held in the Demerged Company Future Projects: Company is adding new chemistries and 40+ Value added products for Chemical by doing CAPEX of Rs. 2,500-3,000 crore, and also doing site development work on 100+ acre land at Jhagadia, which is expected to be completed by FY24. These include: a) USFDA capacity expansion underway: API unit at Tarapur and intermediate unit at Vapi b) Expansion cum asset upgradation for acid unit at Vapi c) Expansion, asset restoration, sustainability initiatives, etc. d) Unit at Jhagadia for 3rd long-term contract e) NCB capacity expansion at Vapi Partnership: On November 19th 2022, company signed a binding term-sheet with Deepak Fertilizers (DFPCL), for Nitric Acid off take and supply arrangement valued over ~Rs. 8,000 crore for a 20-year period. DFPCL will supply Nitric Acid to the company, at formula driven international prices from 1st April 2023 18th January, 2024: Aarti Industries Limited (AIL) announces the signing of a long-term agreement with a multinational conglomerate for supply of a niche speciality chemical. The contract entails supply over a period of four years and is anticipated to generate revenue of over Rs. 6000 crores for the Company. Financial Performance: Aarti Industries exhibited strong resilience and delivered robust performance with a 16% increase in absolute EBITDA compared to the previous quarter. Revenues increased by 2% to Rs. 1,597 crore in Q2 FY24 compared to the previous quarter. EBITDA grew by 16% on a Q-o-Q basis to Rs. 233 crore in Q2 FY24. Profit after tax stood at Rs. 91 crore in Q2 FY24, higher by 30% over the previous quarter. Aarti Industries maintains optimism about potential demand revival in end-use segments such as agrochemical, polymer additives, and other discretionary applications. The company expects better performance in H2 FY24 and foresees FY25 as a normalizing year considering the current pace of recovery. The export market is showing stronger momentum compared to the domestic market. The company expects to sustain and grow its market share in the export market. The demand for octane boosters, a key product, is growing, and the company expects to sustain and grow this demand. The company anticipates a gradual recovery in global demand and a decrease in competitive intensity. The company is progressing well with various expansion projects and expects to commission them in a phased manner from next year. Aarti Industries is committed to deploying Rs. 2,500 to 3,000 crore for growth initiatives over a two-year period. The company is targeting commissioning of the ethylation and nitrotoluene projects in Q1 FY25. Margins have improved due to a better product mix and the recovery in demand for certain products. The company expects the bottoming out of margins in the first quarter and a gradual improvement going forward. The company is focused on optimizing staff costs and other expenses.The company expects FY25 to see a progressive increase in volume and EBITDA, with a quarter-on-quarter improvement in performance. The company expects to see a gradual recovery in volumes and margins in the second half of FY24.The net debt is expected to peak at around Rs. 2,700-2,900 crore in FY24. The company expects to see a normalization of business in FY25 as the demand recovers and inventory correction is completed. The company expects volume growth across various product lines in FY25, leading to an improvement in performance. The company's exports are predominantly to regular markets, with non-regular markets accounting for around 10% of exports. Margins in non-regular markets are generally lower, but the company expects the benefit of regular markets to accrue in the future. Conclusion: The company has a strong potential to grow as it has already signed big revenue contracts for long term and looking at a growth prospects, the share price can easily reach 900 in matter of 2 months. However for a technical trade, we see a good upside momentum and strong buying pattern, completing a big U-shaped recovery and expecting a target of 740-745 in next 10-15 trading sessions max.
NSE:AARTIINDLong
by PrashantDahale
6
Strong BUY BCG cmp 17.45, target 22.50/26.50 in few days Brightcom Group Ltd(BCG) offers digital marketing solutions to businesses, agencies and online publishers worldwide. Services Provided: The Company is divided into three major divisions: a. Ad-Tech and Digital Marketing: The services include Video Advertising, Display Ads Marketing, Performance-based Marketing, Search Marketing, Email Marketing and Lead Generation, Afliate Marketing, Social Marketing, Mobile Marketing, Niche Campaigns, Digital Trafc Management, Ad Serving b. Software services: The Company’s software services include developing customized technology platforms to solve specific needs of clients primarily around digital media and other related offerings c. Future technologies: The company’s future technologies division consists primarily of the Company’s LIFE product and developments in artificial intelligence, machine learning and Digital Out of Home(DOOH) advertising. Revenue Breakup - Q1FY24 Advertising Revenue : 94% Software Revenue : 5% Other Revenue : 1% Interim Order By SEBI An Interim order was passed by SEBI on 22.08.23 related to concerns regarding preferential allotment made by the company in FY20 & FY21. They suspected that money raised were given as loans and advances to its subsidiaries. It was also alleged that proper disclosures were not made in the Annual report and also disclosures related to preferential utilisation were not made. Post this the entire management of Brightcom has stepped down. Forensic Audit: SEBI ordered Forensic Audit of company on 16/09/2021 and Deloitte Touche Tohmatsu India LLP were appointed as forensic auditor w.r.t the financial statements from FY 2014-15 to FY 2019-20. The said Forensic Audit is under progress and the final outcome of the investigation is yet to come by the time of certification Market Cap - ₹ 3,513 Cr. Book Value - ₹ 34.7 Price to book value - 0.51 Debt - ₹ 0.00 Cr. EPS - ₹ 7.01 ROCE - 30.9 % Stock P/E - 2.51 Industry PE - 34.1 Currently the stock is terribly undervalued and we feel all the negatives is deeply discounted and technically it completely bottomed out at this valuation. We have recently the strong buying appearing and there is a good buying pattern emerging. So we strongly suggest a buy in BCG shares at 17.45 and buy till 18.5 for a target of 22.50 and 26.50. Valuation wise even at 26.5 its a buy but technically these are the resistance levels appearing. Stop loss 16
NSE:BCGLong
by PrashantDahale
1
BTC UPDATE ✅The daily structure on CRYPTOCAP:BTC is still bullish as long as we don't break and close below $59,200. My average entry for spot buy is at $61,900 after all three fills. This could be the best possible opportunity to buy since the RR would be great because of invalidation just daily close below $59K. Daily also seems to be forming this bullish AB = CD structure and there are two equal lows on daily aswell. But the smaller timeframe structure (4H, 1H) is definitely bearish, although the last night's low was not able to close below previous $59,652 low so there is no valid BOS but in any case we need a break and solid close above FWB:67K to be bullish back again imo or atleast a close above $64.5K to make that move. The only reason I emphasize upon buying right here is because the invalidation for bulls on daily is just too close, a small $1000 drop and the whole structure would be bearish on daily but at the same time, a great buying opportunity too if this happens to be the low ✅
Long
by GeorgeZoros
#AITECH is preparing for another upward trend in the market! #AITECH is currently forming a falling wedge pattern. This pattern is expected to lead to a good bounce after it breaks out. However, if the support zone is breached, there could be a downward movement. The overall sentiment remains bullish and the 200MA is also working as a good support. For those who are yet to invest, the accumulation zone ranges from $0.23 to $0.256. It is important to do your own research (DYOR) and note that this is not a financial advice (NFA).. It is important to do your own research (DYOR) and note that this is not a financial advice (NFA).
Long
by CRYPTOMOJO_TA
3
MAPLE COIN BUY ALERT!! 70% - 100% GAIN!!!Looking at MAPLE's current condition, it has been falling since the bear market and has taken a brutal hit ever since. However, price have been gradually increasing, especially the beginning of 2024. Analysis: Price has traded and broke old highs, causes people to believe it will increase in price, causing people to FOMO and invest at the top. Price dips down, cause people to sell for a LOSS. I strongly believe, this will now give the room it needs to pump upwards to 70% - 100% GAIN. Part of all this is thinking like a bank would, If I owned most shared, I would want to drive price and take peoples money and then trigger their buy stops, dip it back down so people can sell off so I can buy more and aim for higher prices! Price has been showing to reach new highs. Respecting +OB and not filling in the gaps. Currently, it is at a Discount price, hitting a +OB and GAP fill. I believe this the most perfect time to get in on this.
COINBASE:MPLUSDLong
by Waddl3
ZENSARTECH#ZENSARTECH ZENSARTECH Good for Holding around 6 TO 9 Months ..... Current Price at 621.50 ......... Keep SL at 594.35 .... (On Closing Basis ... Means ... Daily Candle closed Below 594.35 )….. After Close Crossing 644 …. Trail SL to 639 Targets are Shown on Chart in Greens . Key Partnerships Cloud Computing: The co has partnered with Microsoft Azure, Adobe, Amazon web services, Google cloud for CX, Software Engineering, Cloud & Data Relationships Enterprise application: The co has partnered with Oracle, SAP, Salesforce, and Guidewire for enterprise applications transformation. Business segments Digital and Application Services (~83% of total revenue in FY22): It includes Custom Applications Management Services that include Application Development, Maintenance, Support, Modernization and Testing Services across a wide technology spectrum and Industry verticals. Digital Foundation Services(~17% of total revenue in FY22) Infrastructure management services includes Hybrid IT, Digital workplace, Dynamic Security and Unified IT provided under managed service platform using automation, autonomics and machine learning. As of Q3FY23, Net cash of $179.4M As of Q3FY23, Total headcounts stood at 10,845
NSE:ZENSARTECHLong
by iism-ExpertTrading
INVZ Innoviz Technologies Buy OpportunityI believe this could be a Premium idea, but let's wait and see how it unfolds: In March, INVZ saw some unusual out-of-the-money calls valued at over $1 million with a $2.5 strike price, expiring on April 19th. Upon reviewing the chart, it resembles a double bottom pattern, suggesting a potential price target of $2.85 if a reversal occurs. Recently, OUST, a rival company, announced record revenue for the fourth quarter and its stock price doubled. Similarly, INVZ reported record revenue and has a partnership with the industry giant Mobileye. OUST's results underscore the importance of Lidar companies expanding beyond the automotive market. Lidar technology can serve various purposes, such as enabling cars to navigate highways for adaptive cruise control or assisting humanoid robots in performing basic tasks with AI. Some of the robots seen at Nvidia's recent event had eyes provided by Ouster lidar, according to Ouster. Considering these factors, I speculate that the $2.5 calls on INVZ may be linked to a significant upcoming catalyst, possibly even a buyout.
NASDAQ:INVZLong
by TopgOptions
1
NEAR Buy Alert!! 50% - 100% GAIN!! (easy to understandNEAR Protocol is like a special computer system that helps people create and use decentralized apps (dApps) without some of the usual problems that come with blockchain technology. Here's how it works: 1. Staying Secure with PoS : Instead of using lots of energy like traditional blockchains, NEAR uses a Proof-of-Stake (PoS) system to keep everything safe. This means people who own NEAR tokens help make sure transactions are legitimate and secure by staking their tokens. 2. Getting Faster with Sharding : NEAR breaks down its work into smaller parts called shards. This helps speed up transactions because different parts of the network can work on different tasks at the same time. 3. Quick Confirmations with Doomslug : NEAR has a cool system called Doomslug that quickly finalizes transactions. This means you don't have to wait long to make sure your transaction went through. 4. Talking to Other Blockchains with Rainbow Bridge : NEAR can talk to other blockchains thanks to Rainbow Bridge. It's like a bridge between NEAR and other networks, making it easy to share information and assets. 5. Growing Big with Aurora : Aurora helps NEAR handle lots of users and transactions without slowing down. It's like adding extra power to make sure everything runs smoothly as more people use NEAR. 6. Balancing Speed, Safety, and Decentralization : NEAR makes sure its network is fast, secure, and decentralized all at once. This is important because usually, you have to sacrifice one of these things to improve the others, but NEAR finds a way to balance them all. 7. Easy-to-Remember Account Names and Safety Features : NEAR makes it easy for people to use by giving accounts names that are easy to remember. Plus, it has extra safety features like multiple access keys to keep your stuff secure. 8. Using Smart Contracts and Gas : NEAR supports smart contracts, which are like self-executing contracts that automatically do what they're programmed to do. When you do things on NEAR, like sending tokens or running smart contracts, you pay a small fee called gas. This helps keep the network running smoothly. 9. Paras: A Cool Example : Paras is a digital card marketplace built on NEAR. It lets artists and collectors buy, sell, and verify digital collectible cards easily and securely. It's just one example of what you can do with NEAR. Here are the recent events they are doing: NEAR Protocol is rolling out a groundbreaking feature that makes it easier for users to interact with multiple blockchains using a single account. This feature, called Chain Signatures, lets users sign transactions on one blockchain using their NEAR account from another blockchain. What's unique about Chain Signatures is that it's powered by a decentralized multi-party computation (MPC) network and secured by NEAR's validators. This means users can seamlessly access and interact with various blockchains, including Ethereum, Cosmos, Dogecoin, Bitcoin, and XRP Ledger, with plans for support for additional chains like Solana and Polkadot in the works. One key aspect of Chain Signatures is its "Multichain Gas Relayer" feature, which removes the need for users to have the native gas token of another blockchain for transactions. Instead, users can use NEAR tokens to cover gas fees across any supported chain, making transactions more convenient and cost-effective. This development opens up new possibilities for decentralized finance (DeFi) on non-smart contract chains like Bitcoin. Developers can now easily create DeFi products that utilize assets from different blockchains without the need for complex bridging mechanisms. Currently operational on NEAR's testnet, Chain Signatures is expected to roll out on the mainnet by early May, offering users a seamless and efficient way to navigate the multi-chain ecosystem. Despite these advancements, NEAR has faced some organizational changes, including a reduction in workforce and the departure of its CEO. However, the project continues to make strides in improving user experience and expanding its ecosystem. Summary : NEAR Protocol's Chain Signatures feature makes it easy for users to use their NEAR account across different blockchains. It saves users from managing multiple accounts and lets them pay transaction fees using NEAR tokens, simplifying the process. This feature also empowers developers to create innovative cross-chain applications and ensures transactions are secure and reliable. Overall, Chain Signatures set NEAR apart by offering seamless interaction between blockchains, making blockchain technology more accessible and user-friendly. Analysis: I expect NEAR's price to drop between two specific lines as the Bitcoin halving approaches. This dip could be a good opportunity to buy at a discounted price. After that, I'm aiming for NEAR to hit a new all-time high, potentially making a profit of 57% to 98%. This movement might attract interest from big investors or institutions, leading to more trading activity and higher prices. I'm looking for NEAR's price to consolidate or gather liquidity before making a move to higher prices.
COINBASE:NEARUSDLong
by Waddl3
#BOME is ready to boom! 🚀Trading Pair: BOME/USDT Trade Type: Midterm Current coin Status: The coin has broken out of a flag pattern and is currently retesting it. Entry Point: The current market price (CMP) is a good entry point, and you can add more up to $1.43. Profit Targets: The profit targets for this trade are between 40% to 80%. Stop Loss: The recommended stop loss is at $1.34. Recommended Leverage: A leverage of 5X to 10X is recommended. Estimated Profit: The estimated profit for this trade is around 80%.
Long
by CRYPTOMOJO_TA
6