SBICARD CMP 800.65SBI CARD is You turn after touch its IPO price.
Chart looks good as trendline is broken after few months of consolidation.
RSI Trendline also suggest upside move.
Targeting for Fib 1.61% in Long Run.
Nseindia
SWING IDEA - SBI CARDS AND PAYMENTSThis setup presents an attractive opportunity for swing traders to capitalize on the potential uptrend in SBI Cards .
Reasons are listed below :
Strong Support at 670-700 Levels : SBI Cards has established a robust support zone in the range of 670-700 levels, indicating strong buying interest and potential reversal points.
Bullish Marubozu Candle : A bullish Marubozu candlestick pattern has formed in both the weekly and daily timeframes, suggesting strong buying momentum and potential upward movement.
Engulfing Pattern : The bullish engulfing pattern on the weekly chart, engulfing four previous candles, reinforces the bullish sentiment and indicates a potential reversal of the downtrend.
Double Bottom Pattern : A double bottom pattern has emerged on the daily timeframe, indicating a potential trend reversal and bullish continuation.
Target - 790 // 855 // 935
Stoploss - weekly close below 670
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
IPCALAB Cup with handle pattern breakoutIPCA LABS a leading pharma company with good fundamentals have been moving to make a cup-with-handle pattern. As shown in the idea the pattern has given a breakout and might move to the target of the pattern. Good stock to learn about cup-with-handle pattern.
Raj Rayon : {"Potential for Best investment for 2024";}
We are at the Biggest Picture available as per the data;
Price has formed a Wave 1 which is an Impulse Wave In the Upward direction;
Wave 2 is a downward 3-Wave-Simple-Correction Structure, retracing Wave 1 by less than a 100% which suffices the Laws of Wave as per the Elliott Wave Theory and now.
======================================================================
Let's talk about the most interesting part The Most Awaited Wave 3 is expected to come out, showing the move which is the reason why we trade,
According to the Elliot Wave Theory the Projection of Wave 3 is at least 161.80% of the Wave 1.
Let's see on the charts the Extension Levels as per the Best Leading Indicactor Fibonacci Extension;
Yo !!!!
Now Last Month that's in August 24, Price has closed above the EMA and hence I see a Buying Momentum in the Monthly chart,
Looking at the Promotor Holding of this company which is more than 90% only confirms my belief in the future growth of the company.
So we have an Overall Target Projection of Rs. 158.03 {Derived as per Fibonacci Extension}
Now Let's look at the other side the {downside/ stop loss/ risk against the reward}
CAMS LONGCAMS has formed a rounding bottom technical pattern, has already given a breakout, retested and is now consolidating, once it start it's move it has a potential of 50% upside (differs upon your buying price).
UJJIVAN SFB LONGUJJIVAN SFB looks to be taking a support and might revert back to 60 levels where it used to trade, this would probably be done when interest rates are reduced which are not far now as we know. Once the stock reaches back to 60 levels, it would have completed a cup and handle pattern which upon breakout could possibly lead to larger targets!!
LLTS LONGLLTS has formed a cup with handle technical pattern which indicates a target of 50%. Must wait for breakout and retest and then you can plan your entry.
ASIAN PAINTS 15m chartAfter a nice upside rally, now short side is confirmed as per the Risological swing trader indicator.
Support and resistance levels are marked.
Good luck.
DEEPAK NITRATE given range breakoutDEEPAK NITRATE has given range breakout and might hit 2700-3000.. good stock. Do watch
KRISHNA DISGNOSTICS LONGKRSHNAA DISGNOSTICS has made a cup-with-handle pattern. Wait for breakout and retest and you can plan your trades accordingly.
BAJAJ FINSERV LONGBAJAJ FINSERV as seen in the chart above is forming a ascending triangle pattern. Consider it for educational purpose and look for target and SL accordingly.
NAUKRI rounding bottomAn IT stock, named Info-edge stock symbol NAUKRI has made a rounding bottom pattern, which is now near it's resistance. Must break the resistance and retest it!
NSE:ASTRAL Ltd's -Abki bar breakout ke liye Tayar 🌋???NSE:ASTRAL
Astral Poly Technik Ltd: Pioneering the Indian Plumbing and Adhesive Industry
Established in 1996, Astral Poly Technik Ltd set out with a vision to manufacture pro-India plumbing and drainage systems. Over the years, it has expanded into the adhesive business, marking its territory across multiple domains.
Historical Milestones
Astral has emerged as a frontrunner in the CPVC pipes and fittings sector in India. It pioneered the introduction of lead-free PVC pipes in 2004 and brought lead-free uPVC column pipes to the market in 2012. The company's strategic move into the adhesives space occurred in 2014, with the acquisitions of Seal IT Services Limited (UK) and Resinova Chemie Limited (RCL).
Diverse Product Range
Astral's portfolio extends beyond pipes to include water tanks, faucets, sanitary ware, and paints. It boasts approximately 37 variants in its pipe and tank segment and about 23 in adhesives.
Revenue Breakdown
A) Piping Division: Contributing 73% to the company’s revenues, Astral offers an array of products for various systems, including fire sprinklers and industrial applications. The acquisition of Rex Polyextrusion added specialties like corrugated pipes and telecom line protection systems to its arsenal.
B) Adhesives Division: Accounting for 27% of revenues, this division offers products ranging from epoxy adhesives and sealants to construction chemicals and tapes.
Inorganic Growth and International Presence
Astral has spread its wings internationally, with manufacturing in 3 countries and exports to over 25. It generates around 8% of its revenue from international sales.
Manufacturing Excellence
The company's manufacturing footprint includes eight piping and water tank facilities in India and five adhesives plants globally. To optimize logistics costs, Astral strategically positions its facilities to serve different regions within India and has recently expanded to Bhubaneswar, Odisha.
Future Expansion
Astral plans to augment the capacity of its Bhubaneswar plant and is establishing new facilities in Guwahati, Hyderabad, and Kanpur. These are set to become operational between FY24 and FY25, with a planned annual capex of ₹300-350 crore funded through internal accruals.
Extensive Distribution Network
The company's robust distribution network features over 2,750 distributors and more than 1,93,000 dealers. With a strong foothold in West and South India, the piping business is expected to grow in the North and East with new facilities.
Strategic Raw Material Sourcing
The company predominantly imports CPVC resin from Sekisui Chemical and relies on domestic giants like Reliance Industries for PVC resins.
New Ventures
In the pursuit of diversification, Astral ventured into faucets and sanitary ware in October 2021, eyeing a market potential of ₹15,000 Cr. This division is led by Mr. Atul Sanghvi, the former CEO of CERA, who has since resigned effective from 30.10.23. In the paints category, Astral acquired a majority stake in Gem Paints Pvt Ltd, with further investments to consolidate its position.
Brand Visibility
Astral leverages brand endorsement through Bollywood icons and sports associations. It has partnered with celebrities like Ranveer Singh and Allu Arjun to enhance its market visibility, allocating 2-3% of its net sales for promotional endeavors.
Subsidiaries and Growth
The company oversees 9 subsidiaries as of FY23, with a footprint extending beyond Indian borders.
As Astral Poly Technik Ltd continues to build on its strengths and explore new markets, it stands as a testament to the potential of Indian manufacturing and the importance of strategic growth.
Source: Screener.in
Disc: Invested for long time , adding in anticipation of breakout this time - Abki bar breakout ke liye tayar
PATANJALI All Targets Done and Dusted!Nice move in Patanjali caught.
All 4 targets met. Closed 50% position and holding the remaining 50%
Trailing stop loss at 1768
Enjoy the ride! ;)
DR. REDDY LABThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Please keep your comments useful & respectful.
Keep it simple, keep it Unique.
Thanks for your support
Tradelikemee Academy
Saanjayy KG
How Weekly Option Expiry Candle Can Enhance Your AnalysisDiscover how the Weekly Options Expiry Candle can refine your analysis and improve your trading decisions. This video is especially valuable for Indian traders who actively participate in weekly options trading. Learn how to incorporate this tool into your strategy to gain a competitive edge in the market.
EPL Ltd. - A 360° Analysis: TechnoFunda & SWOT analysisNSE:EPL
EPL Ltd. - A 360° Analysis: Technical, Fundamental, and SWOT Overview⤵️
✅ Current Price Action & Historical Breakouts:
Multi-Decadal Breakout:
↳ In the early 2000s, EPL Ltd. broke out from a long consolidation, signaling a shift in market sentiment.
Major Rally:
↳ Post-2012, the stock rallied by 573.18% over 1,400 days following a breakout.
↳ Another breakout in 2020 led to a 138.83% gain over 305 days.
Current Situation:
↳ The stock is consolidating in a wedge pattern near ₹216.39.
↳ Resistance around ₹250-₹260; support at ₹197.04 (50-month EMA) and ₹183.15 (200-month EMA).
✅ Volume Trends:
↳ Strong institutional participation during past breakouts.
↳ Recent lower volumes indicate a cautious approach by large investors.
✅ Key Levels to Watch:
Resistance:
↳ ₹250-₹260.
Support:
↳ ₹197.04 (50-month EMA), ₹183.15 (200-month EMA), ₹86.00, ₹72.53, ₹52.81.
✅ Technical Outlook:
↳ A breakout above the wedge could signal a new uptrend.
↳ A breakdown may lead to retesting lower support levels.
🔰Fundamental Analysis
✅ Quarterly & Full-Year Performance:
Quarterly Highlights:
Revenue Growth:
↳ 6.2% YoY increase.
EBITDA Growth:
↳ 16.5% YoY increase.
Adjusted PAT:
↳ 22% growth.
EBITDA Margin:
↳ Improved to 18.5%, up by 164 basis points.
Reported PAT:
↳ Declined by 73.5% due to exceptional items.
Full-Year Highlights:
Revenue Growth:
↳ 6% YoY increase.
EBITDA Growth:
↳ 19.2% YoY.
EBITDA Margin:
↳ Expanded by 202 basis points.
Adjusted PAT Growth:
↳ 28% YoY.
ROC:
↳ Improved to 14.7%, up 148 basis points YoY.
✅ Strategic Shifts & Future Initiatives:
Category Mix:
↳ Personal Care and Beyond segments now contribute 47% to total revenue.
Sustainability:
↳ Sustainable sales doubled to 21%.
↳ Received multiple awards for innovation, employer excellence, and CSR.
Brazil Greenfield Project:
↳ Progressing well, expected to meet significant demand.
Regional Performance:
Americas:
↳ Margin expansion to 9%, with efforts to improve US operations.
Europe:
↳ Restructuring aimed at achieving mid-teens margins.
Pharma & B&C Segments:
↳ Focus on Beauty & Cosmetics with Neoseam technology.
↳ Longer conversion times in the Pharma segment due to regulatory hurdles.
✅ Financial Management:
Interest Costs:
↳ Increased due to Brazil operations, expected to remain steady.
Debt Reduction:
↳ Evaluated based on cash flow and dividends.
✅ Dividend:
↳ Proposed increased final dividend of Rs.2.30 per share.
🔰SWOT Analysis
✅Strengths:
Market Leadership:
↳ Global leader in laminated plastic tubes.
Diverse Client Base:
↳ Serves various industries, ensuring stable revenue.
Strong Financials:
↳ Healthy balance sheet, low debt, strong cash flow.
✅Weaknesses:
Raw Material Dependency:
↳ Sensitive to fluctuations in raw material prices.
Geographical Concentration:
↳ Significant revenue from a few key markets.
✅Opportunities:
Sustainability Trends:
↳ Growing demand for eco-friendly packaging.
Emerging Markets:
↳ Growth opportunities with expanding middle class.
Mergers & Acquisitions:
↳ Potential to strengthen market position.
✅Threats:
Regulatory Risks:
↳ Increasing regulations around plastic usage.
Intense Competition:
↳ Faces competition from global and local players.
Economic Slowdowns:
↳ Impact on demand in FMCG sector during downturns.
🔰Conclusion
EPL Ltd. presents a compelling investment case with its strong technical setup, robust financial performance, and strategic initiatives aimed at sustainable growth. The company’s focus on expanding its presence in high-margin segments like beauty and cosmetics, coupled with its commitment to sustainability, positions it well for future success. However, investors should be mindful of the risks associated with raw material volatility and regulatory changes.
With a strong operational track record and ongoing efforts to optimize its global footprint, EPL Ltd. remains a key player to watch in the packaging industry. The stock's technical setup suggests it is at a crucial point, with potential for both upside breakout and downside risk. A disciplined approach, considering both technical signals and fundamental strengths, will be key for investors navigating this opportunity.
Disc: SEBI Certified RA, no recommendation to buy or sell. Invested (PWI LAB portfolio).
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Multiyear breakout- going steel strong !!BSE:RUDRA
Research Report: Rudra Global Infra Products Ltd.
1. Company Overview
Rudra Global Infra Products Ltd. (RGIPL) is a significant player in the Indian steel manufacturing sector, specifically focusing on TMT Bars production. Incorporated in Bhavnagar, Gujarat, RGIPL began as M.D. Inducto Cast Pvt. Ltd. in 2013, initially producing MS billets. By 2014, the company expanded into TMT Bars manufacturing, leveraging the rising demand for steel products in Gujarat. Rebranded in 2016, RGIPL has consistently grown, both in scale and scope, enhancing its capacity from 1.2 lakh tons to 2.4 lakh tons annually in its Steel Melting Shop (SMS) and Rolling Mill (RM) divisions.
Strategic Expansion:
Backward Integration: RGIPL has successfully implemented backward integration by using scrap from its ship recycling business to produce steel billets, minimizing environmental impact and reducing costs. This vertical integration provides RGIPL with a competitive edge, ensuring a steady supply of high-quality raw materials at lower costs.
Forward Integration: The company has also engaged in forward integration, expanding its product offerings and enhancing its market reach. The launch of the "Rudra TMX" brand in 2014 marked a significant milestone, positioning the company as a premium TMT Bars manufacturer.
Recent Developments:
RGIPL has diversified into aerospace and defense sectors through its subsidiary, Rudra Aerospace and Defence Pvt. Ltd., which focuses on precision and investment casting solutions.
The company has also been actively involved in sustainable practices, integrating renewable energy sources into its operations and adopting a circular economy model in its scrap processing activities.
2. Industry Outlook
Global and Indian Steel Industry:
The global steel industry is poised for moderate growth, driven by infrastructure development, urbanization, and government initiatives in emerging economies. According to the World Steel Association, the demand for steel is expected to grow steadily, with non-flat products like Bars & Rods, particularly in high demand.
India, being one of the largest steel producers globally, has seen significant growth in crude steel production, with an increase of 13.6% in 2023-24. The Indian government’s infrastructure projects, such as the National Infrastructure Pipeline (NIP) and PM Gati Shakti, are set to fuel the demand for steel products in the coming years.
Gujarat Steel Industry:
Gujarat, one of India’s most industrially developed states, contributes significantly to the country’s steel output. The state’s robust infrastructure, policy support, and strong industrial base make it a favorable location for steel manufacturing.
3. Technical Analysis
The monthly chart for Rudra Global Infra Products Ltd. (NSE: RUDRA) indicates a strong bullish breakout from a multi-year resistance level around ₹64.25, with the current price surging to ₹69.00. This breakout is accompanied by a substantial increase in trading volume, suggesting strong buying interest and potential for further upside.
Key Technical Indicators:
Moving Averages: The stock price is trading well above the 20-month and 50-month moving averages, indicating a sustained bullish trend.
Volume Analysis: The surge in volume during the breakout reinforces the strength of the move, suggesting that the stock is under accumulation by institutional investors.
Resistance and Support: Having broken through the previous resistance level, the next potential target could be ₹100, with strong support at ₹64.25.
4. Financial Highlights
Revenue Growth: RGIPL has seen consistent revenue growth, with a sales figure of ₹557.03 crores in FY 2024, up from ₹452.51 crores in FY 2023.
Profitability: The company has maintained a healthy EBITDA margin, reflecting efficient cost management and operational efficiency.
Leverage: With a debt-to-equity ratio that has decreased over the years, RGIPL is well-positioned to manage its financial obligations and fund future expansions.
5. Strategic Growth and Sustainability
RGIPL is focused on sustainable growth, integrating renewable energy sources such as wind and solar power into its operations. The company’s commitment to a zero-liquid discharge policy and efficient scrap processing highlights its dedication to environmental stewardship. These initiatives not only reduce operational costs but also enhance the company’s reputation as a socially responsible entity.
Key Milestones:
2019: Installation of a 20 MT induction furnace, doubling billet production capacity.
2023: Commencement of a continuous stand rolling mill, further increasing TMT Bar production capacity.
Future Plans: The company aims to become entirely energy self-sufficient by 2029, relying solely on renewable energy sources.
6. Conclusion
Rudra Global Infra Products Ltd. is strategically positioned to capitalize on the growing demand for steel in India, particularly in Gujarat. With its integrated operations, focus on sustainability, and recent technical breakout, RGIPL presents a compelling investment opportunity. The company’s strong financials, continuous capacity expansion, and diversification into new sectors like aerospace and defense further bolster its growth prospects.
Investment Thesis:
Bullish Outlook: The recent technical breakout and volume surge suggest a strong bullish outlook, with potential targets in the ₹100 range.
Long-Term Growth: RGIPL’s focus on backward and forward integration, along with its sustainable practices, positions it well for long-term growth in the Indian steel industry.
Recommendation:
Buy: Given the technical setup and strong fundamentals, RGIPL is a recommended buy for long-term investors looking to capitalize on growth in the Indian steel sector.
Disc: no investment as of now , however may add position if breakout sustain , if closes below previous month - exit sign
No recommendation
Source: Investor's presentation
SWING IDEA - CHAMBAL FERTILISERChambal Fertilisers , a prominent player in the fertiliser industry, has recently garnered attention for its intriguing price action and technical indicators, prompting a closer examination for potential trading prospects.
Reasons are listed below :
Recent price action witnessed a breakthrough of the strong resistance zone at 350 levels, indicating a potential shift in market sentiment towards bullish momentum.
A bullish engulfing candle on the weekly timeframe signals a bullish reversal, suggesting a possible uptrend ahead.
The price aligns closely with the 0.382 Fibonacci retracement level, providing added support to the bullish outlook.
After over two years of consolidation, the stock has finally broken out of this range-bound behavior, indicating a change in trend dynamics.
Recording its highest close in eight weeks, Chambal Fertilisers trades above the 50 and 200 exponential moving averages (EMA), indicating strong bullish momentum.
Consistent higher highs in the price action suggest a sustained uptrend.
Notable upticks in trading volumes accompany recent price movements, indicating heightened investor interest and potential for significant price moves.
Target - 415 // 480 // 515
StopLoss - weekly close below 340
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
SWING IDEA - JAMNA AUTOJamna Auto Industries Limited , a key player in the automotive sector, is showing promising technical signals for a potential swing trade opportunity.
Reasons are listed below :
Jamna Auto's chart displays a bullish cup and handle pattern breakout, indicating a reversal in the trend.
A bullish engulfing candle on the weekly timeframe signals a potential uptrend reversal.
Trading comfortably above the 50 and 200 EMAs on the weekly timeframe suggests strong bullish momentum.
Breaking out of a consolidation range spanning over two years indicates a shift to a trending market.
Approaching a new all-time high suggests further upward potential.
A sudden surge in trading volumes accompanies the recent price movement, indicating growing market interest.
Target - 150/160
StopLoss - weekly close below 114
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
PowerGrid: Breakout Stock Alert
Strong uptrend from Dec 2023
Breakout from resistance
Ascending trend line
Good volume support
SWING IDEA - AAVAS FINANCIERSConsider a compelling swing trade opportunity in Aavas Financiers , a leading housing finance company in India.
Reasons are listed below :
Bullish Marubozu Candle on Weekly Timeframe : Aavas Financiers shows a strong bullish candlestick pattern, indicating robust buying pressure and potential upward momentum.
Engulfing 22 Weekly Candles : The stock's bullish momentum is evident by engulfing 22 previous weekly candles, signaling a significant shift in market sentiment.
Breakout from 5-Month Consolidation : Aavas Financiers breaks out from a 5-month consolidation phase, suggesting a breakout from range-bound trading and potential sustained upward movement.
Formation of Double Bottom Pattern : The absence of new lower lows and the formation of a double bottom pattern suggest a trend reversal and bullish sentiment.
Sudden Surge in Volumes : A notable surge in trading volumes indicates increased market interest and potential accumulation by investors, supporting the bullish outlook.
Target - 1815 // 2400
Stoploss - weekly close below 1300
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
