PAYTM Rollercoaster: Brace for Impact and Thrills! 🎢😱💼In the midst of market turbulence, PAYTM takes center stage as we observe panic selling, juxtaposed with the intriguing stability provided by a weekly order block. In this analysis by NEOALGO, we explore the dynamics influencing PAYTM's current trajectory and the possibility of a noteworthy shift.
The prevailing panic selling sets a challenging tone, but the resilience showcased by a weekly order block hints at a potential turning point. As we delve into the market nuances, it's noteworthy that we won't be surprised if PAYTM reaches 100 INR within the next three months.
Caution is advised. NEOALGO is not SEBI registered, and investors should conduct thorough research. Acknowledge that your decisions directly impact your profit or loss.
Stay informed, navigate the uncertainties surrounding PAYTM, and consider the potential outlook provided by our detailed analysis. 📊🔍 #PAYTM #MarketTurbulence #PotentialOutlook #StrategicAnalysis
Indianstocks
Unveiling MSUMI: Charting Paths to ProsperityEmbark on an insightful journey through the stock landscape of Motherson Sumi Wiring India Ltd (NSE: MSUMI). Our analysis at NEOALGO delves into the intricacies, spotlighting growth opportunities backed by compelling factors.
As we navigate MSUMI's trajectory, notable signals emerge, suggesting a potential upswing. From robust order blocks to strong upward signals and a discernible EMA crossing, the technical indicators align for an optimistic outlook.
However, a prudent approach is essential. NEOALGO is not SEBI registered, and while our analysis provides valuable insights, investors should conduct thorough research. Your profit or loss is your responsibility.
Stay informed, explore the growth potential of MSUMI, and trade strategically with our detailed analysis. 🚀📊 #MSUMI #StockAnalysis #GrowthOpportunities #TradeSmartly
#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.
NECCLTD BUY 32-33 sl 27 TGT 40/60NECCLTD BUY 32-33 sl 27 TGT 40/60
DISCLAIMER: These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
SWING IDEA - NAZARA TECHNOLOGIESWe can see a very good buying opportunity in NAZARA TECHNOLOGIES .
The reasons are stated below :
750-770 zone was tested multiple times and finally it broke and is now retesting it
0.382 Fibonacci support
Price action formation - higher highs
Double bottom pattern on higher timeframe (500 zone)
Targets - 926 // 1066 // 1345 // 1681
StopLoss - 730 on closing basis
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.
PARAMOUNT COMMUNICATIONS - FII'S HOLDINGS INCREASEDCan enter at CMP 110 or Enter at 98 level
if again falls then you need to average at 76 level
Targets - 135, 157+
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GG ENGINEERING LTD - BEST GROWING PENNY STOCKCan Enter at CMP 2.58 or Wait for 3.15 level
Targets - 5,6.84,8.20+
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ADITYA BIRLA CAPITAL - NEAR TO ENTRY PRICECan Enter at 160
if again falls then you need to average at 140 level
Target - 200+
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ASIAN PAINTS GOOD TIME TO ENTERCan Enter at 2910
Targets - 3600,4000+
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ASHOK LEYLAND | SHORT TERM INVESTMENT Entry Level - 160₹
SL - 130₹
Targets - 190,210,230+
Wait For Entry level
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Berger paints to continue on the red streak!The stock seems to have fallen in an bearish impulsive wave between Sep-Oct 2023.
After this very fall the stock was in a complex triple three correction for almost 3 months.
The impulsive fall has been labeled as wave "A" and the stock has already begun the Wave "B" fall in the month of Jan.2024.
Wave "B" is projected going towards the INR 480 area.
580 will stand as a crucial resistance for the stock on the upside.
💎( NSE:Wipro) - Chart of the week > Decent volume
> Multi-year breakout
> IT flavour of the market
> Decent price action
>>> About the company<<<
> Wipro is one of the leading global IT, consulting and business process services company.
> It is the fourth largest Indian player in the global IT services industry, in terms of revenue, after Tata Consultancy Services (TCS), Infosys Limited (Infosys) and HCL Technologies Limited (HCL).
> Wipro was incorporated in 1945 as Western India Vegetables Product Limited and was predominantly a consumer care product manufacturer till 1980 after which it diversified into the IT services business.
> With effect from April 1, 2012 (FY2013), the company demerged its other divisions (consumer care and lighting, medical equipment and infrastructure
4engineering) into a separate company called Wipro Enterprises Limited (WEL), to enhance its focus and allow both businesses to pursue their individual growth strategies.
>Wipro’s operations can be broadly classified into IT Services, IT Products and India State Run Enterprise. Wipro derives most of its revenue from the IT Services segment (96.8% in FY2020) under which it provides IT and IT enabled services, which include digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud infrastructure services, analytics services, business process services, research and development and hardware and software design, to leading enterprises worldwide
JKLAKSHMI can rise 25-30% from current levelsThis cement stock can be expected to move towards INR 1190 levels in wave iii of III.
The stock has been maintaining its impulsive counts without much violations and is in very bullish structure.
The stock was seen rising in a wave i of I from Sep-Dec 2023.
Wave ii was a very shallow "FLAT"(labeled ABC) achieving a mere 23.6% retracement of the impulse, which is a sign of strength.
The stock gained 5% on Thursday's session along with a 2month range breakout of price as well as a volume breakout. These signs add to the healthy uptrend continuing for the coming months as well in this stock making it a great pick in the cement space.
On the down 880 will be a crucial support to rely upon.
ADANI PORTS LONG TERM VIEWAdani Ports is forming a Symmetrical Triangle on Daily Time Frame
Entry is above 761.30
Stop Loss is at 657.05
Target is 1215
(Please note that entry & stop loss is on candle closing basis)
This View is purely based on Technical Analysis and is for educational purposes only.