The Magical Flying Train - RVNLJust as I explained in my blog the following sectors are going to blast after the Elections given the Government's focus and investments
Railways
Defence
Space
Infrastructure
Green Energy
AI
And like the Indian Preamble says "For the People, By the People, Of the People" - the above sectors are
For - consumption by Indian people
By - Indian Companies
Of - Indian Technology
We are neither dependent on FIIs for their money nor any foreign nations for their Skillset / Manufacturing capabilities. True signs of Atmanirbhar Bharat which will go a long way in to the next Decade
Now, let's compare the Daily and Weekly Charts of RVNL
Daily Chart: Today - RVNL broke out of a Bullish Inverted Head and Shoulders pattern and it blasted more than 15% Intraday to even the Reach the Target 345 - same day
Weekly Chart: On Weekly - the price is seen to be Travelling within a Parallel Channel and repeatedly forming a Rounding Bottom structures.
With the completion of Inv H&S target on Daily, the price actually triggered a Fresh Rounding Bottom BO for weekly. If price settles above 345 by Friday (WCB) - then Target is 478
Additional Targets:
On Weekly, when the price formed a BO - Rest of Prior Rounding Bottom (144 - 345 - 200) - it had a perfect Fib 0.618 Golden Ratio Retracement which comes with their own Targets
Outstanding Targets:
Fib 1.0 Target - 405
Rounding Bottom Target - 478
Fib 1.618 Target - 520
RVNL has a long way to go - keep holding for bigger returns
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Railwaysector
The Thundering Bullet Train - Titagarh Rail SystemsRailways stocks are back on fire once again...
Here is a Glimpse on one promising stock that has good upside left
Titagarh Rail Systems - Comparison of Daily and Weekly Chart Patterns
1. Daily Timeframe: Inverted Head and Shoulder pattern - Target 1250 already reached
2. Weekly Timeframe: While the Inv H&S pattern reached its defined target, the price has formed a Fresh Rounding Bottom BO on Weekly (BO done above 1250)
Targets:
1475, 1640 (as part of older patterns)
1715 - Target set for the Rounding Bottom BO on Weekly
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
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India's Growth Story - Top 5 Sectors which will be in Lime-LightA Quick Overview of Global Major Economies
Japan, US, UK, Australia, Germany are officially in Recession
USA has not declared Recession officially as it is just covering up the underlying problem
Chinese Economy is in serious turmoil
Now where does India Stand?
Which Sectors within India are dependent on these Foreign Economies?
Which Sectors are in "Atmanirbhar" status ? which can continue their Rally ?
As you all know Indian IT Industry is heavily dependent on Foreign Projects - US / UK / European / Australian IT Offshoring projects. Given these major economies are in Recession - IT will likely face "Some Impact". At the same time, globally there is big GaGa on Generative AI and Indian IT industry focussing on AI - is all set to Offset the negative impact from Classical Offshoring Projects. This will help ease some pressure on IT companies, but overall IT is expected to have slower growth
Keeping aside the Politics, the current Governmental Policies are so favorable for the following sectors and hence I believe in India's Growth Story and expect a Blasting Rally on the below sectors
Energy: India has transformed from a country begging western world for permission to buy Uranium for Domestic Nuclear Energy generation to a Country which stands tall on the use of All types of Green Energy (Solar, Wind, Hydrogen, Hydro-Electric etc...) and has become Truly Atmanirbhar in generating enough power for us. Green Energy is just starting up - there is much more to go and investments on Green Energy sector is only going to multiply after the Election
Defence: India again has transformed from being a Major Defence Equipment Importer to a Major Defence Exporter. This again is a Sunrise Sector and Indian Defence Sector is going to grow multi-fold in future both in Short and Long Term and hence the Rally would Continue and even Grow bigger after the Election
PSU: As you all know, the Central Govt is emphasizing on PSUs so much and advertising heavily in Parliament, Rajya Sabha/Lok Sabha to invest in PSUs. Irrespective of any politics, given the upcoming Election, the Govt cannot afford to have an impact to their Brand Image if PSUs crash. They won't allow that either Pre-Election or even Post-Election and Technically many PSU stocks are on the verge of Breakout / doing a Retest after break out. Long long way to go on PSU side
Railways: With 3000+ New Trains, Bullet Trains, Conversion of traditional trains into Vande Bharat - the govt has made their plans clearly and invested heavily on Railway Modernisation plan. Even in the Interim budget there is strong Emphasis on Railway sector which is only going to multiply after the Election and hence the brief pause that we see in Railways will get released post Election and there is much Bigger Rally awaited in Railways in the next 3-5 years
Infra: Next to Railways, the Govt has emphasized and invested heavily on the Infrastructure development and expansion throughout the country and detailed out their intentions even during the Interim budget. India's Road / Rail / Sea & Airport Infrastructure is seeing a Massive Growth in recent years making the setup ready for Make-in-India Theme and Ease-of-Doing-Business themes drawing huge amounts of Foreign Investments
Given these reasons, I see a major and continued growth and expansion of the above 5 Macro Sectors and their dependent Sub-sectors like Cement, Steel & Metal sectors both in Short and Long Term (both pre and post-Election)
I believe in India's Growth Story - both the Story & Screenplay are super Strong and Indian Economy is positioned so strong among their Global Peers and heading for non-stop growth while other majors have started to fall down (China, Germany, Japan, UK, France, USA etc...)
Keep Holding your Winners. Always Analyse Technical Charts, Support & Resistance Levels of Individual Stocks before taking position
Disclaimer:
Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
India's Non-Stop Bullet Train - TEXRAIL - Choo Choo Train :)TEXRAIL turned out to be a Multi-bagger in 2023. The initial call was given at 64 for a target of 116, 136, 157. It blasted all 3 targets in less than 8 months resulting in a profit of more than 2.75x - Amazing Isn't it
Recently the Indian Govt has announced major investment of more than 1 Lakh Crores into Railways & Infrastructure and among the Railway Themed Stocks - TEXRAIL plays a prominent Role.
Our Multi-Timeframe Analysis shows following results
1. Monthly - Huge Cup & Handle BO done with targets of 240, 290
2. Daily - Even on the Shorter Term - It looks Super Bullish above 180 resistance levels. Another Smaller Cup & Handle BO done at Daily TF with target of 215
All we need is a strong close above 181-185 WCB for the Choo Choo Train to Blow its Horns and Chug along :)
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends