Nseindia
AU Small Finance Bank Bullish On Weekly And Daily chartNSE:AUBANK
AU Small finance bank on weekly chart looks quite bullish. And may be a good option for short term trade.
Let’s quickly see what was happened on weekly chart.
After making a Lifetime High of 1354 we had seen rejection in prices from that level and weekly candle of 30th March 2021 closes in to the middle forming a wick, which is good sign of selling. Where one can say profit booking has been done.
But on following weeks we have seen follow through selling with strongest volume till that week and increasing price range. The profit booking now turning out to be indication of trend reversal. And candle A could be a good confirmation of selling where we had witnessed good range of the candle with wick on top followed by strong volume.
On very next candle of the candle A (Marked With B) we see gap down opening for that week, in such scenario any one could have went short with no doubt in mind. But lets see what happened on that week ( Candle B\3rd May 2021).
Candle B do show gap down on that week but we did not see any movement for selling all through week, result of which we see narrow range candle closing off the low and near to its mid-point. This candle also carries solid volume too (highest in the range of chart we are seeing). Such kind of price and volume appears on chart only if both Sellers and Buyers strongly active.
We did not see further follow through selling after candle B, rather we are now seeing prices moving up again and with some good efforts to push prices further up (Check Candle C and D ). So technically its now looks like sellers had been trapped in Candle A and B.
One can go long straight away or wait for a breakout to the 1170. There are some chances where we can see the test of level 910 if we see rejection from 1170.
||Hari Om||
||Ambadnya||
Nifty correction as per Gann AstroAs per my gann analysis , right now no signal for any big crash,
what ever fall it should be till 15140. this figure based on astro impacted number, so i dont think nifty will break 15140-15000 zone as i mention in chart,
but one time it might hit that level before june, also before the next fresh rally.
I am expecting just profit booking till 15140-15000 zone there we can accumulate our long position very safely.
Thanks & regards
K Sureshkkumar
NSE:ACML Ambika Cotton Mill ( India) best in business..Ambika Cotton Mills Limited (ACML) based out of Coimbatore in Southern India, is engaged in the manufacture of premium quality Compact and Elitwist cotton yarn for hosiery and weaving. We are established ...
~ Cup and handle breakout
~ Expecting to go higher this time around, look at the volume profile .
~ Cotton Yarn prices are touching through the roof
~ company is a direct beneficiary
~ Company is best in business - all the top international clothing companies buy cotton for shirts, other clothes from Ambika
Disc: Invested in my LT portfolio and holding for long term
KELLTONTEC - Buy TradeMultibagger Stock Pick
KELLTON TECH - Buy
CMP 78. Target Rs140
Kellton Tech Solutions Ltd. is an Indian IT, outsourcing and software development company headquartered in Hyderabad with offices in US and Europe
with market cap of around 727cr, trading on a PE of just 10.9, ROCE at 20.7%, Book Value of 46.7, Face value of 5 and has a promoters stake of 55.85% with FII 1.34%.
And why should I buy it ?
1) One of the leading company for digital transformation and integration.
2) Digital commerce & Marketing.
3) Outsource product development.
4) Delever SAP solutions end to end and is a certified SAP gold partner.
5) Internet of things platforms and solutions.
6) Strong presence in US, EUROPE. INDIA, and Asia Pacific.
7) The company appeard four time in the Deloitt technology fast 50 India list.
8) The company is a part of Forbes Asia under a billion top 200 company list.
9) Won the "Integration partner of the year" award in London.
10) They have a very big clienal list from startups to fortune 500 companies, to name few Cococola, Walmart, MAX life, UPS, Novartis, Univision, snapdeal, hatway, Flipkart, KFC, Paytm, Pizza Hut, Religare, Dupont, Makemytrip, policy bazaar, and many more.
11) Kelton recently announced that it has been chosen by ZEE5, India’s Entertainment Super-app, to build a next-generation, cloud-native content management system (CMS) that delivers relevant, real-time content experiences across all constituents of business.
12) Received a contractor $5ml from Food Corporation of India Ltd for implementation and maintenance of HR and management system.
13) Fy19 and 20 were very challenging years for IT companies and despite that the company registered a top line of 770cr, EBITDA 116cr, maintained margins of 15%, and PAT of 71cr. with an EPS of Rs. 7.55
14) Very strong return ratios, last three yrs. ROE track records is 24 to 25%
15) The average multiples for IT sector is around 50 to 60 PE levels, so now we can see how valuation are so attractive for Kellton.
Last and final point which I would like to highlight.
16) They have entered into a new streem which is booming right now, and that's *cryptocurrency trading.*
They have started developing platforms where crypto trading can be performed and is the hot theme running now a days, will develop NFT technologies and on that the trading platforms will be built. The contract which they received is very significant. Big giants are also about to enter in the same field and Kelllton will definitely have an upper edge.
Buy it to Double Your Money.
GABIEL - Looking for Target 150+Gabriel -- Above 50/100/200 EMA's
Good volumes on daily basis
Add to watch list - any reversal in CNXAUTO -- will see from 120 to 150 in short period .
Gabriel is on of the leader for supplying shock absorbers to majority of 2 wheeler manufacturers.
It has good market share.
And also recently Promoters increasing their holding from 52 to 55%
QoQ - increase in sales 36%
Past 3Q -- increasing Revenue
Company with Low Debt
-- Please do own research before investing.