ASHOKLEY: Buy Signal and OB Support Ahead of Earnings Event 🚀📉Dive into the dynamic market landscape as we spotlight compelling opportunities surrounding Ashok Leyland (ASHOKLEY). NEOALGO's analysis unveils a promising scenario with a recent buy signal and robust support from an order block, complemented by an upcoming earnings event.
The convergence of a buy signal and support from an order block signifies a potentially favorable market sentiment for ASHOKLEY. As investors consider their strategy, the anticipation of an earnings event adds an intriguing layer to the stock's narrative.
It's essential to approach with diligence. While these insights offer valuable perspectives, NEOALGO is not SEBI registered. Investors are encouraged to conduct thorough research, understanding that their decisions directly influence their profit or loss.
Navigate the markets with confidence, explore the opportunities presented by ASHOKLEY, and strategize wisely based on our detailed analysis. 📈💼 #ASHOKLEY #BuySignal #OrderBlockSupport #EarningsEventInsights
Indianstockmarket
#TATAMOTORS - I see this as a 4 digit stock - ₹1000 coming!#TATAMOTORS has broken out of the resistance after about 8.4 Years and it has been consolidating just above resistance since last more than 130 days. I don't think that the rally is finished yet. It is easily a 4 digit stock i.e. ₹1000 per share.
Don't fade this rally.
#HISARMETAL Stock has formed nice base; looks ready for breakout#HISARMETAL
Another company stock which supports in Infrastructure development.
I will plan to buy this soon for long-term hold.
Market cap of just around ₹115Crores.
From Technical perspective:
Stock has been forming a nice break and looks ready for breakout!
From Fundamental perspective:
- The company has shown a good profit growth of 40.96% for the Past 3 years.
- The company has shown a good revenue growth of 15.78% for the Past 3 years.
- Company has been maintaining healthy ROE of 24.03% over the past 3 years.
- MCAP of just ~₹115Crores, hence lot of growth potential
- EVEBITDA is 9.72 (EV/EBITDA values below 10 are seen as healthy)
This can prove to be a multi-bagger in long-run.
PCBL BIG MOVE AFTER JULY MONTH BREAKOUT 🚀SUPPLY ZONE BREAKOUT IN JUNE
Entered at 162
Targets - 200,240,280+
ALL 3 TARGETS DONE WITH IN 5 MONTHS ONLY
121 POINTS (75%) RETURNS 🚀💥💰💹
CMP - 251 (on 29th Dec 2023)
Re- entry possible at 240 level... if again falls from 240 level then we need to average at 210 level
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
BAJAJHIND BuyBuy=30.75
Target=35(Adjustable)
Stop=26.70
"Before considering a purchase, it's advisable to conduct your own analysis. However, with approximately an 80% chance indicating a favorable buying opportunity for this stock based on current market trends and analysis, conducting thorough research could validate its potential for growth and profitability."
#RAIN - Attempting a clear breakout - Looks great#RAIN
This is the 4th attempt that stock is making to break the diagonal resistance.
Should the stock clear resistance and sustain, I think it can give handsome returns in coming days/ months.
Stock has been in consolidation mode since more than a year.
#ICICIGI is in an uptrend inside this parallel channel#ICICIGI
“ICICI Lombard General Insurance Co Ltd” - Stock is in an uptrend inside this parallel channel.
Also breaking out of the diagonal trendline. I think a pullback towards buy zone as in chart can give good potential returns. Long-term target zone also on chart.
#HUDCO made a new ATH after more than 6 years Stock made a new ATH after more than 6 years and today Stock is up >19%.
Such stocks tend to go much higher.
Anyone looking for a long-term investment, then this can be a good stock to add to long-term portfolio.
If market gives a chance, can add to stock also at ₹100-₹110 levels.
Also, this stock has been consistently giving dividends as well.
#Banknifty Higher timeframe Major update#Banknifty
Higher timeframe Update
There are 2 zones that I am eyeing for potential botton.
1) 45800-46300: This is a breakout zone and Banknifty has already tapped it. We can see some consolidation in this zone before any major move either side.
2) 44950-45490: Big gap pending zone. Market rarely leaves such gaps/ inefficiencies open. If this is mitigated, it would be very bullish overall for Banknifty.
#IKIO - Base formation happening#IKIO
Bought some IKIO Lightings Ltd shares @₹324.15/-
Stock available at a discount of >17% from stock listing price in Jun’23
Small-Cap Company has good fundamentals; can give good returns.
I would be worried only if stock breaks recent lows, else relaxed on this one.
#VASCONEQ stock with good fundamentals and good technicals.#VASCONEQ
Another small cap stock with good fundamentals and good technicals.
Has reclaimed a very important S/R zone on higher timeframe.
Some quantity can be bought at current levels because of breakout on daily timeframe.
Also, In my opinion, ₹59-₹71 zone is a good zone for accumulation if market gives a chance.
I see another 50-60% upside as first target and this can also be a multi-bagger easily in long-term.
TRADE_SETUP_10% upside in ABBThe stock can be seen moving up in an Elliot wave structure from Oct end bottom.
Wave I completed in Oct-Nov followed by a 38% retracement and then Wave III completed in Nov-Dec followed by a deeper 50% retracement.
Now the Wave V has begun in the stock from Dec 21.This particular wave also can be seen sub-dividing into minor waves like the previous 2 impulsive waves. Currently we at the wave ii of Wave V and waves iii, iv and v of V are yet to unfold.
The projected final target for Wave V is projected to be around INR5100-5150.
On the downside the low of 4529 is crucial and should be considered as an important swing low for all buys.
Note*- Views are based on personal opinions/observations. Please do your own research/analysis before making any trading/investing decisions.