Vardhman Acrylics Ltd :-: analysis ⏰ VARDHACRLC📌 DYOR ( do your own research 🔎 ) 📍 NFA
Above yellow 🟡 close 📌 beginning of upward ⬆️ momentum
It's small cap stock with high :-: promoters / with good dividend 📌
₹92 is key resistance 📌 we see some pressure :-: above it ☑️ never visit box below yellow 🟡
🎯 ₹111
🎯 ₹144
🎯 ₹300
Below green 💚 box 📍 danger ⚡
Just save my idea 💡 follow and give boosting 🚀 and pls share 🤝
Follow upcoming updates ..... 🧵 👇
Nseindia
SWING IDEA - NAZARA TECHNOLOGIESNazara Technologies has captured our attention as a prospective candidate for a swing trade, showcasing compelling technicals that hint at the potential for an upward rally.
Reasons are stated below :
Nazara Technologies has undergone multiple tests around the 900 levels and successfully broken through, signaling a notable shift in market dynamics.
A noteworthy bullish marubozu candle observed on the weekly timeframe adds a robust bullish sentiment, laying the foundation for a potential upward rally.
The surge in volume activity is a noteworthy signal, suggesting heightened market interest and potential momentum behind Nazara Technologies.
Trading above the 50 exponential moving average (EMA) signifies a continued upward trend, providing confidence in the stock's potential for a swing trade.
Nazara Technologies consistently forms higher highs, indicating a sustained uptrend and reflecting positive sentiment among market participants.
Target - 1244 // 1676
StopLoss - weekly close below 837
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
(NSE:OCCL )Oriental Carbon on move up Market Share: #
OCCL is the sole manufacturer of Insoluble Sulphur (IS) in the domestic market.
Majority of demand for insoluble sulphur is derived from the automotive tyres industry.
It enjoy a domestic market share of nearly 55%-60% and around 10% market share in the global market.
OCCL has established itself as a preferred first/second supplier to all major tyre manufacturers in global markets
Capacity as of FY20: #
IS plant spread across 2 units (Dharuhera & SEZ Mundra) of 34,000 metric tonnes per annum.
Upcoming Capex #
Capacity expansion underway to expand the Insoluble Sulphur capacity by 11,000 MTPA & Sulphuric acid capacity by 42,000 MTPA, spread across two phases at its Dharuhera facility.
Total project will cost 216 Cr, funded with a debt equity ratio of 2:1.
Phase-I of IS capacity expansion by 5500 MTPA along with Sulphuric acid capacity at an outlay of 156 Cr is underway. Commissioning for the project has been pushed to July2021 from Q3FY21 as envisaged earlier for phase-1.
reference: Screener.in
NSE:Relaxo 👟👠👢 can it walk or run..
Relaxo Footwears Limited manufactures and sells footwear for men, women, and kids in India and internationally. It offers casual, running, athleisure, walking, formal, sports, school, and training and gym shoes. The company also provides slippers, sandals, flip flops, slides, chappals, casuals, belles, and clogs. In addition, it offers footwear accessories. The company provides its products under the Relaxo, Bahamas, Flite, Sparx, BOSTON, and Mary Jane brands. It sells its products through 394 exclusive brand outlets; and e-commerce portals. Relaxo Footwears Limited was founded in 1976 and is based in New Delhi, India.
INDIAN BANK multiyear breakout attempt Indian Bank attempted the multiyear breakout at the level of 430-390. At this level indian bank attempted a breakout on monthly chart and than comes in a consolidation. Formed Doji & Shooting Star which symbols a consolidation within a range.
Further stock needs to give breakout and close above the previous two months levels i.e 460.
Volume spark and than consolidation while being in a up trend shows a slow accumulation in a stock.
Re-Test level is 380-390
BCG READY TO SHOOT!!!
Price has completed Wave 1 and Wave 2 also,
Wave 2 has retraced Wave 1 by less than 100 % which suffices the retracement rule of Wave 2 as per the Elliott Wave Theory,
As per Elliott Wave Theory Wave 3 extends by 161.80% of Wave 1 accordingly the Upward projection for this stock is 206.40 measured as per Fibo Extension.
Currently Price has formed a first Monthly Fresh Demand and has given a closing above the EMA which also confirms gain in Buying Power.
We have the Risk defined as per the Monthly Demand and Target derived as per the Wave 3 Fib Extension.
#HPPSTMNDS - Happiest Minds Techno Ltd ready for take off!#HPPSTMNDS
IT sector resurgence has started I think and some of the IT companies are looking nice.
One such stock is Happiest Minds Techno Ltd which I think is close to a nice breakout!
Keep an eye, as confirmed breakout can lead to 25-50% move in coming weeks/ months.
IOB Good Investment Opportunity !!!
As per the Annual chart, Wave 1 is a 3 Wave Sequence structure,
Wave 2 has retraced Wave 1 by less than 100% which suffices the Rule of the Wave 2, Now Wave 3 is forming now according to the fibonacci extension levels Wave 3 extends to 161.80% of the Wave 1 that way the Target for IOB is 367.20
TATAPOWERwe are looking TATAPOWER bullish move.
Disclaimer:
Kind regards to all friends and members ,
Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
#PARAGMILK - Seems to be a nice buy at current levels#PARAGMILK
Seems to be a nice buy at current levels.
Consolidation near support and back inside the old parallel channel.
Forming higher lows and higher highs on lower timeframes. I think this eventually goes to new ATH in coming months.
Buying here at CMP i.e. $217.90 with SL of ₹187 and Targets of 234-268-317-357
#DoYourOwnResearch before investing
🚀 Unveiling Trade Opportunities: FACT Fertilizers & ChemicalsWe're diving into the charts of FACT Fertilizers and Chemicals to uncover potential trade setups.
Current Situation 📊:
LTF Analysis: Currently, FACT is nestled in the 75-min demand zone, specifically the Rally 2 Base Rally (R2BR) zone.
ITF Overview: The Intermediate Time Frame (ITF) shows a clear uptrend. The price is comfortably trading at the daily EMA20
HTF Insights: Zooming out to the Higher Time Frame (HTF), the weekly chart indicates a strong uptrend, and there's a clear path upside with no resistance in sight.
Enter at the 75-min current demand zone, Risk-to-Reward Ratio: Aim for a lucrative 1:3.
🌟Thank you for your support! Your likes & comments. If you want to give any feedback then you can give in the comment section🌟
Trade with confidence, and let your profits run like a river. Embrace the journey!
Disclaimer 🚨:
This analysis is for educational purposes only. We aren't SEBI registered analysts. Trade responsibly.
Gokaldas Exports: Multi Year breakout weekly chart analysis
👍Fundamental Analysis:
Business Overview: Gokaldas Exports Limited is engaged in the design, manufacture, and sale of a wide range of garments for men, women, and children. It caters to the needs of several leading international fashion brands and retailers.
Financial Performance: The company has shown a good profit growth of 50.1% CAGR over the last 5 years. It has also reduced its debt significantly.
Key Ratios: The company has a ROCE of 23.7% and an ROE of 21.7%. The stock P/E ratio is 16.3.
Market Capitalization: As of the data available, the market cap of Gokaldas Exports is ₹ 2,830 Cr.
Promoter Holding: The promoter holding in the company is relatively low at 11.1%, and it has decreased over the last quarter by -9.90%.
👍Technical Analysis:
Stock Price: The current price of the stock is ₹ 467 with a high/low of ₹ 475 / 301.
Volume: The volume of shares traded will give an indication of the market activity and liquidity. The data for this is not provided.
Moving Averages: The 50-day and 200-day moving averages can provide insights into the stock's short-term and long-term trends. The data for this is not provided.
Price-Earnings (P/E) Ratio: The P/E ratio of the stock is 16.3, which can give an indication of the stock's valuation.
Disc:Please note that this analysis is based on the data available and actual figures may vary. It's always recommended to do your own research or consult with a financial advisor before making investment decisions.
started building position , first trance