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Daawat (Long Term Strategy)Hi Everyone, Here is an interesting pattern update on Daawat , we can see Daawat has formed an Ascending Triangle . These patterns trend may be either bullish or bearish Two Scenarios for this pattern: 1. We need to see a price break above 55-56 with a volume accumulation and this confirms the next new high in the near future. The trend will continue to be bullish 2. Price Break below 46-48 with OBV going down along with selling pressure which tends to be bearish and should stay away Fundamentals: 1. Daawat is the No. 2 branded basmati segment in India and also has a global presence 2. Their majority of the revenue is from basmati rice selling both B2b and B2c. As we can see recently, the management is adapting to consumer needs and they are entering new segments within the rice category and trying out the needs of consumers with different range of products. Management expects the company to grow faster than the sector 3. If my guess is not wrong, they might become the next big FMCG company in the Rice industry through their forward integration strategies and this is the biggest tailwind for this company. 4. Covid-19 has given the company great tailwinds and the quarterly results speak for itself 4. Company has good cash flow along with reducing debt levels which is a good sign for long term For Investors: 1. It is always good to analyze the Fundamentals and buy the share, but it is always good to buy if all the odds are in your favor. 2. Fundamentals looking good, Technical set up looking good (Please see the Two scenarios), Long term outlook looking good 3. Company is a branded segment and No.2 in India and Basmathi segment 4. It is good to accumulate the share if it crosses above 55 and buy the dips during the US elections Initiating a Longterm Buy above 55 for a target of 70-80 in 6 months to 1 year Initiating to stayaway from stock below 46 Thank you and hope you are enjoying the analysis. Please do follow me for more updates, please like and comment :) Disclaimer: This is an educational Advice not a financial advice
NSE:LTFOODSLong
by skiranp
Bajaj Finance - OutlookHi Traders, Bajaj finance is still in a downtrend as per the higher timeframes. This stock has pulled back to a major resistance zone. The price can continue to go further down from these levels. If the price breaks the trendline marked in the chart which will indicate that the price will be heading down. The key levels to watch are marked with red lines in the chart, these levels can react with the price. Now if price breaks the key resistance zone to the upside, a break above 3590.85 indicates a start of an uptrend. For queries pls comment below. Happy trading.....
NSE:BAJFINANCE
by Hari_krishnan_S_Kumar
2
Banknifty Trading in the Zone October 1st weekBank nifty is trading with comforts to distribute sums . Now the much depends upon it to continue the trend or give whipsaws, as for the technicals market has kept bearish view even though a more U shaped recovery to say. However what we notice is that if the U shaped recovery was itself weak then BN would have weaker retracement .232 possibly. Thus a very reasonable target on upper side and more bias towards downward spiral. However we feel a sideways movement would be warranted for the coming week as a cooling off week.
NSE:BANKNIFTYShort
by Pivotal_Traders
POSSIBLE SHORT TERM TREND REVERSAL IN TATA MOTORSHi Traders, Tata Motors has broken our golden zone with confidence, and is now testing a key level of trend reversal at 141.85. If the day close below 141.85 levels our short term bias on this stock will be bearish and we will be looking for shorting opportunities. If the close is below 141.85 we will have new resistance levels. New levels will be updated in post market hours if we have a trend reversal. Pls like and follow for more analysis. Happy Trading......
NSE:TATAMOTORS
by Hari_krishnan_S_Kumar