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Strong Buy Marico cmp 522 Target 550++ in 5-10 trade sessionsMarico Limited is one of India's leading consumer goods companies operating in global beauty and wellness categories. It is present in over 25 countries across emerging markets of Asia and Africa. It nurtures leading brands across categories of hair care, skin care, edible oils, healthy foods, male grooming and fabric care. Below are all the product categories that the company caters to in the domestic market and the brands of the company : 1. Coconut Oil - Parachute, Nihar Naturals. 2. Super-premium Refined edible oils - Saffola. 3. Value added hair oils - Parachute advansed, Nihar naturals, Hair & Care. 4. Healthy foods - Saffola oats, Coco Soul. Coconut oil, Saffola FITTIFY Gourmet Range. 5. Premium Hair Nourishment - Livon Serums, Hair & Care. 6. Male Grooming & Styling - Set Wet, Beardo, Parachute. 7. Skin Care - Kaya Youth, Parachute advansed. 8. Hygiene - Mediker, Veggie Clean Market Share Market share of company’s leading brands as of Q1FY22 were as follows: Coconut Oils, MS: 62%, Rank: 1 st Parachute Rigids, MS: 52%, Rank: 1 st Saffola – Super Premium ROCP, MS:, Rank: 82% 1 st Saffola Oats, MS: 39%, Rank: 2 nd Saffola Masala Oats - Flavored Oats, MS: 94%, Rank: 1 st Value Added Hair Oils, MS: 37%, Rank: 1st Post wash Leave-on Serums, MS: 63%, Rank: 1st Hair Gels/Waxes/Creams, MS: 58%, Rank: 1st Revenue Breakup FY22 In FY22, ~77% of the total consolidated revenues were generated from domestic business. In the domestic market, coconut oils accounted for 40% of the total revenues followed by refined oils 25%, value added hair oils 21%, Personal care products (male grooming, skin care) ~5%. Distribution Network The company has a pan-India distribution network with a reach of 5.6 million outlets out of a total of ~12 million outlets in India. In FY22, Modern Trade and e-commerce contributed to 14% and 9% of the domestic business respectively. International Business In FY22, ~23% of the total consolidated revenues were generated from international business. Top export countries are Bangladesh (51% % of export revenues), followed by South East Asia (23%) , Middle East (13 %), and South Africa (7%). The international business portfolio includes brands such as Parachute, HairCode, Mediker SafeLife, Fiancee, caivil, Hercules, Black Chic, Code 10, Ingwe, X-Men, Sedure, Thuan Phat and Isoplus. Capex In FY22, co. incurred 132 Crore Capital expenditure for capacity expansion and maintenance of existing manufacturing facilities. Marico is undertaking strategic investments to accelerate its digital transformation journey through building scalable digital-first brands, either organically or inorganically. Market Cap ₹ 67,791 Cr Stock P/E 46.3 ROCE 41.9 % Dividend Yield 0.86 % Currently PE is 46 as compared to Median PE of 50 and with such high ROCE and more than 3/4% of dividend yield, this stock is looking for a strong momentum looking at the way Marico is strategically increasing its business. Technically, it seems that price structure has changed on hourly chart and it seems to be bottom out as it has done time and price wise correction. At current market price(CMP) of 522, this is best rate to enter for quick target of 550 and 580 in a 5-10 trading session.
NSE:MARICOLong
by PrashantDahale
SWING IDEA - CYIENTA potential swing trade opportunity in Cyient , a leading global engineering solutions provider, renowned for its innovative approaches and commitment to sustainability. Reasons are listed below : The stock is currently retesting the significant resistance level of 1800, which historically served as a strong barrier. This retest could indicate a potential breakout. A dragonfly doji candlestick pattern has formed on the weekly timeframe, suggesting a potential reversal from bearish to bullish sentiment. Cyient found support at the 0.382 Fibonacci level, providing additional confirmation of a potential reversal. The stock has been consistently forming higher highs, indicating an upward trend in price action. Target - 2366 // 2860 Stoploss - weekly close below 1800 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:CYIENTLong
by Visionary_Growth_Insights
GBPUSD Analysis: Trend Trading Opportunity- Trade Strategy: Trend Trading - Sideway Bounce Setup - Key Levels: Key Support at 1.2461, Target at 1.2502 - Profit Potential: 41 pips (410 USD/lot) Analysis: - Trade Strategy: Trend Trading - Sideway Bounce Setup - Key Levels: Key Support at 1.2461, Target at 1.2502 - Profit Potential: 41 pips (410 USD/lot) Trade Plan: - Long Opportunity: Consider going long at 1.2461 for a trend trading opportunity - Take Profit: Set initial target at 1.2502 for a profit potential of 41 pips - Risk Management: Implement effective risk management techniques to manage potential losses Insights: GBPUSD presents a trend trading opportunity with a Sideway Bounce setup, offering a buying opportunity at the Key Support level of 1.2461. Traders can aim for an initial target at 1.2502, providing a profit potential of 41 pips. It's essential to closely monitor price action and adhere to risk management principles for successful trading outcomes. Share your insights and trade plan below! 📈 Capitalize on the trend trading opportunity presented by GBPUSD, leveraging the Sideway Bounce setup for potential profits within the current market conditions!
Long
by RaynLim
CELH - Possible buyCelsius Holding with ticker CELH is looking good in my opinion. This non alcoholic beverage company is ranking as the 2nd best company in this sector, Coca Cola is number 1. When we compare those two stocks, KO has a market cap of $260 billion and CELH has a market cap of just $15.64 billion. The chart is looking pitch perfect, just like the financial data of the company itself. What am I looking at: 1. Weekly chart is trying to break it's previous high level, sitting at around $69 per action. Stock has a lower trading volume then usual but this can change in a bit. 2. Daily chart, we are seeing increase in buying volume and no significant seller pressure on this stock. Stock regained it's 10EMA on the Daily on February 21st, and since then it has been rising. 3. The last support CELH is offering to us as an entry point is sitting at $69, this is the level I am closely watching for getting in. 4. Once the $69 gets broken, and I position myself, my stop loss level will be placed somewhere around $60.5. 5. $60.5, if the $69 resistance level is broken, is where the 21EMA will be. I plan to adjust my stop loss as time goes by. I will move my stop loss below 21EMA. This is it for now. As always, I will keep you all updated regarding CELH.
NASDAQ:CELHLong
by De_Banis
SWING IDEA - COFORGEIn the ever-evolving tapestry of stock markets, CoForge has emerged as a compelling prospect, hinting at the possibility of a promising rally. The technical landscape paints an intriguing picture, suggesting favorable conditions for a potential swing trade. Reasons are listed below : CoForge has undergone multiple tests within the 5800-5900 zone, breaking through and retesting this critical range. The current attempt to resume the upside move indicates a resilient upward momentum. Notably, CoForge is supported by the 0.382 Fibonacci retracement level, adding a robust layer of support and fortifying the potential for an upward trajectory. CoForge consistently forms higher highs, a testament to a sustained uptrend and indicative of positive market sentiment. Trading above both the 50 and 200 exponential moving averages (EMA), CoForge maintains the integrity of its trend, providing confidence in the continuation of the upward movement. The presence of a bullish marubozu on both daily and weekly timeframes adds a bullish tone to the technical outlook, further reinforcing the potential for a positive price action. Target : 8404 Stoploss : weekly close below 5987 Disclaimer : Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:COFORGELong
by Visionary_Growth_Insights
BA Buy Zone Triggers Short-term ProsNYSE:BA is definitely below its current fundamentals for the 1st quarter of 2024. This was the biggest gain of all the Dow 30 components yesterday. It was an obvious reversal point at a prior Buy Zone at October's lows. Yesterday was driven by pro traders with a run up at open rather than an HFT gap up at open. We can also see the pro trader nudge pattern in the candlesticks before yesterday's move up. It may consolidate before running up, but this support level is now established for the next move up.
NYSE:BALong
by MarthaStokesCMT-TechniTrader
JPM Cup and HandleCurrently, my eyes are focused on couple of stocks with good potential and positive fundamentals following them. The one I am watching for quite some time now is JPM, JP Morgan, one the biggest US banks. JPM with $3.7 trillion in assets at this moment, is the largest US bank, and it has a full 16.3% of the total assets held by all the US commercial banks. This graph provided by Barrons shows how big the JPM truly is. images.barrons.com What to consider in this stock: 1. Due to possibility of additional bank collapse in the US, price may fluctuate more than usual. Always make sure to have an exit point, especially in turmoil times like we are having at the moment. 2. Currently, chart is showing us a potential Cup and Handle formation in making. The Daily level is the one I am focused on at the moment. 3. Some potential price levels I am currently looking: I wouldn't consider buying the stock if it drops bellow the $131.75 level, which was the last support the price of the stock had. 4. Potential buy point, which will be my safe entry zone will be at break of the last resistance zone sitting at $141.10 price level. 5. If the scenario goes as planned, my potential price limit for Take Profit levels will be based on the current moves by the overall market and the stock itself, meaning, I will not have a price range with the TP level. I will just follow along. 6. Most important, my Stop Loss levels will be firmly set to $131.5 price level, sitting just under the 50SMA line and the last wick of the candle which dipped bellow the line itself. As always, I am not financial advisor. I am investor who is putting his money on the markets. Please make sure to do your due diligence and see if this potential scenario will suit your investor needs.
NYSE:JPMLong
by De_Banis
2
SWING IDEA - JUSTDIALJust Dial , a leading player in the digital search and discovery domain, presents an intriguing opportunity for swing traders seeking to capitalize on emerging market trends. Reasons are listed below : Just Dial has repeatedly tested the 880-920 range and is now showing signs of breaking through, indicating potential upward momentum. The emergence of a bullish marubozu candle on the weekly timeframe signals strong bullish sentiment among traders. A discernible head and shoulder pattern has formed on the weekly chart, suggesting a potential trend reversal. Recent market movements accompanied by increased trading volumes add weight to the bullish outlook for Just Dial. The stock is trading above both the 50-day and 200-day EMAs, indicating positive price action and underlying bullish momentum. Just Dial's recent price action signifies a breakthrough from a consolidation phase spanning over two years, potentially heralding the onset of a new trend. Target - 1125 // 1260 StopLoss - weekly close below 848 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:JUSTDIALLong
by Visionary_Growth_Insights
SWING IDEA - GSFCGujarat State Fertilizers & Chemicals Limited (GSFC) , a stalwart in the fertilizers and chemicals industry, is renowned for its innovative products and steadfast commitment to agricultural sustainability, making it a compelling candidate for swing trading enthusiasts seeking opportunities backed by solid fundamentals. Reasons are listed below : After breaking out from the crucial 210 level, GSFC is now retesting it, indicating potential support-turned-resistance dynamics which could signal further upward momentum upon confirmation. The price action aligns closely with the 0.618 Fibonacci level, adding significant support to the bullish bias and enhancing the probability of a continuation of the uptrend. The 200-day Exponential Moving Average (EMA) on the daily timeframe provides additional support to GSFC's price action, further reinforcing the bullish outlook and suggesting potential for sustained upward movement. Target - 245 // 273 // 317 Stoploss - daily close below 205 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:GSFCLong
by Visionary_Growth_Insights
#CREA accumulate zone!#CREO LSE:CREO MEXC:CREOUSDT $CREOUSD ABOUT CREO Creo Engine aims to revolutionize the gaming industry with its high-quality video games and innovative play-to-earn system. Through its in-house studio, Nomina Games, it develops immersive experiences showcasing cutting-edge graphics and engaging storylines. CreoPlay, its platform, ensures safe asset trading and interoperability, paving the way for a metaverse of games. Our strategy is to accumulate the coin on every dip. This means that when the stock price experiences a temporary decrease or correction, you are taking advantage of the lower prices to increase your position in the coin. This approach is based on the belief that the overall trend of the stock is positive and that buying during dips could lead to potential profits when the price rises again. You highlight the relatively midcap market capitalization of $38 million for #CREO, which could be seen as an opportunity for growth, especially in challenging market conditions. Smaller market cap stocks often have the potential for higher volatility and greater price movements. The accumulation zone for CREO is up to $0.1 to $0.11089 #DYOR
Long
by CRYPTOMOJO_TA
#BEAMX: IS READY FOR A BIG Move!#BEAM about BEAM NASDAQ:BEAM is the native crypto asset for the Beam network, an ecosystem that brings gamers and developers together to shape the future of the gaming industry. It's used to pay for transactions and interactions with smart contracts on the Beam network, and also serves as the heart of the governance of the Merit Circle DAO. Our strategy is to accumulate the coin on every dip. This means that when the stock price experiences a temporary decrease or correction, you are taking advantage of the lower prices to increase your position in the coin. This approach is based on the belief that the overall trend of the stock is positive and that buying during dips could lead to potential profits when the price rises again. accumulate zone (CMP and upto $0.03) #DYOR
Long
by CRYPTOMOJO_TA
FTNT: Dark Pool Buy Zone SupportNASDAQ:FTNT is a good example of a stock that had a big gap down that immediately filled due to falling below its fundamental level and a Dark Pool Buy Zone. This and the sideways trading range developing on the long-term trend creates strong support for weathering any sympathy moves from other cybersecurity stocks that have been over-speculated. Sideways action is likely to continue for a time, but AI-driven cybersecurity will only become more important in the years ahead and this stock is still at a decent price.
NASDAQ:FTNTLong
by MarthaStokesCMT-TechniTrader
SWING IDEA - MPHASIS In this post, our spotlight is on Mphasis , a stock that has piqued our interest as a potential candidate for a swing trade, presenting the prospect of an upward rally. Reasons are listed below : The recent breakthrough of the 2450-2500 zone, coupled with a subsequent retest, suggests a solid foundation and potential support at these levels. Holding steadfast at the 0.382 Fibonacci retracement level, this stock showcases resilience and a reinforcing support structure. The presence of a bullish continuation candle on the weekly timeframe adds weight to the analysis, signaling positive momentum for potential upward movement. A consistent pattern of forming higher highs underscores a sustained uptrend, reflecting positive market sentiment. Trading above both the 50 and 200 EMAs affirms the stock's commitment to the prevailing uptrend, further bolstering the case for a potential swing trade. Target - 3373 // 3653 StopLoss - weekly close below 2515 DISCLAIMER : Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:MPHASISLong
by Visionary_Growth_Insights
5
GOLD is playing Ping-Pong!!!!!hello everyone im msnp I like gold its challenging and full of sharp move, ok let's go o analysis. in one word it is trading rang but this is almost 3 years chart what about now!! now we are in TR too we try to break down but, in this moment, we failed and if we want to back in TR we can reach some of my target. if not and go in BO direction we can fall for a Measured move base on TR. act in moment with what you see not what you think... follow me and enjoy.
FX:XAUUSDLong
by imMsnP
#AIPAD Looks good to accumulate!#AIPAD/USDT ABOUT AIPAD AIPad, a groundbreaking Launchpad for AI and cryptocurrency, aims to revolutionize the crypto sphere with cutting-edge projects leveraging AI. From self-driving cars to healthcare, AI is reshaping industries and enhancing our lives. With its innovative lineup, AIPad is poised to make a significant impact on both AI and crypto realms, aligning with Mark Zuckerberg's vision of limitless AI potential. Our strategy is to accumulate the coin on every dip. This means that when the stock price experiences a temporary decrease or correction, you are taking advantage of the lower prices to increase your position in the coin. This approach is based on the belief that the overall trend of the stock is positive and that buying during dips could lead to potential profits when the price rises again. You highlight the relatively small market capitalization of $15 million for #AIPAD, which could be seen as an opportunity for growth, especially in challenging market conditions. Smaller market cap stocks often have the potential for higher volatility and greater price movements. The accumulation zone for AIPAD is up to $0.13. #DYOR $AIPAD KUCOIN:AIPADUSDT
Long
by CRYPTOMOJO_TA
#JUP: IS GETTING READY FOR A BIG Move!#JUP/USDT Jupiter (JUP) is a sophisticated swap aggregation engine that provides critical liquidity infrastructure for the Solana ecosystem. It is also expanding its DeFi (Decentralized Finance) product portfolio, which includes a comprehensive suite of Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading. The coin has experienced a significant surge of 80% in the last two weeks. This could indicate a moment of interest for investors who've had their eye on it. The suggested strategy for JUP is to accumulate the coin on every dip, meaning investors take advantage of temporary decreases or corrections in stock prices to increase their position. This approach is based on the belief that the overall trend of the coin is positive, and buying during dips could lead to potential profits when the price rises again. The accumulation zone for JUP is up to $0.6. #DYOR LSE:JUP BINANCE:JUPUSDT
Long
by CRYPTOMOJO_TA
1
Gold prices hit record highs !! XAU increase⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) has capitalized on its recent breakout momentum and reached a new record high, around the $2,152 range on Wednesday. This surge comes as there are expectations for an imminent change in the Federal Reserve's (Fed) policy stance. Fed Chair Jerome Powell's remarks have reinforced these expectations, stating that the central bank anticipates lowering its benchmark interest rate later this year. However, Minneapolis Fed President Neel Kashkari downplays speculations of a more aggressive easing of policies, providing some support for the US Dollar (USD) and preventing it from further declining to its lowest level since February. Consequently, this curbs additional gains for gold, especially considering the extreme overextension seen on the daily chart. Simultaneously, any significant corrective decline in the price of gold appears unlikely due to ongoing geopolitical tensions. Furthermore, concerns regarding China's economic slowdown, as the second-largest economy globally, may continue to serve as a supportive factor for this safe-haven precious metal. Additionally, investors may choose to remain cautious ahead of Powell's second day of testimony before the Senate Banking Committee and the release of the highly anticipated US monthly employment data. ⭐️ Personal comments NOVA: Gold price reached a record high price of over $2,160. The buying pressure is huge, the next target is $2180 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2134 - $2132 SL $2128 TP1: $2140 TP2: $2150 TP3: $2160 🔥SELL GOLD zone: $2180 - $2178 SL $2185 TP1: $2170 TP2: $2160 TP3: $2153 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
1