Get started

Stocktobuy

HAL : Hindustan Aeronautics Ltd completing its correction#HAL (Hindustan Aeronautics Ltd) Daily Chart Analysis 🔍 Technical Overview: 1️⃣ The stock is forming an ABC corrective wave structure, nearing the Extended Correction Zone of Wave C around ₹3,697 - ₹3,405. 2️⃣ The 200 SMA (₹3,405) aligns with a strong support level, increasing the likelihood of a bounce. 3️⃣ Immediate resistance levels are at ₹4,209 and ₹4,509, with the target zone around ₹5,080 - ₹5,130 if bullish momentum continues. 🟢 Bullish Scenario: Support Zone: ₹3,697 - ₹3,405. A reversal here could trigger a rally toward ₹4,209, with an extended target of ₹5,130 - ₹5,165. Confirmation: Look for bullish reversal patterns (e.g., hammer or bullish engulfing candle) supported by volume. 🎯 Long Plan: Entry: ₹3,697 - ₹3,405 (upon bullish confirmation). Targets: TP1: ₹4,209. TP2: ₹5,130 - ₹5,165. Stop-Loss: Below ₹3,380. 🔴 Bearish Scenario: If ₹3,405 fails to hold, the next downside targets are ₹3,000 and ₹2,600. Breakdown Confirmation: A decisive break below ₹3,405 with increased selling pressure. 🎯 Short Plan: Entry: Below ₹3,405. Targets: TP1: ₹3,000. TP2: ₹2,600. Stop-Loss: Above ₹3,500. 📈 Key Levels to Watch: Support: ₹3,830, ₹3,697, ₹3,405. Resistance: ₹4,209, ₹4,509, ₹5,130. ⚠️ Note: Monitor volume and price action carefully around the Extended Correction Zone. Any major defense sector updates or contracts could impact the stock’s movement. #HindustanAeronautics #HAL #StockMarket #TradingView #ElliottWave #TechnicalAnalysis #SwingTrading #NSE #StockCharts #PriceAction #DefenseStocks #IndiaMarkets #StockTrading #MarketAnalysis Comment below if you have questions or insights! 🚀
NSE:HALLong
by LiveTradingBox
VINATIOR - ABC Correction Near Completion (weekly)Vinati Organics Ltd – Weekly Chart Analysis 1. Current Correction and Support Zone The price has completed the ABC corrective structure with wave C nearing its completion in the Extended Correction Zone (₹1,729-₹1,689) . The current price (₹1,834.95) is hovering near the completion zone of wave C , and a sharp recovery is anticipated if support holds. 2. Key Levels and Trading Plan b Bullish Scenario Sustained buying from the current levels or the demand zone (₹1,729-₹1,689) could lead to a recovery toward the following target zones: Target 1: ₹2,360 Target 2: ₹2,614 b Bearish Scenario A break below ₹1,645 (on a day closing basis) could invalidate the bullish setup, with potential downside to lower levels. 3. Observations and Indicators Support at Golden Retracement Zone: The stock had shown sharp recoveries in the past from the 61.8% Fibonacci retracement levels, as seen in earlier price movements on the weekly timeframe. Volume Analysis: A noticeable increase in volume during previous support testing phases indicates buyer interest around key levels. 4. Key Risks A failure to hold the current correction zone could push the stock toward lower levels. Watch for macroeconomic factors or company-specific news that might impact sentiment. 📈 What’s Your Take on the Setup? Are we heading toward the targets, or will bears take over? Share your insights in the comments! 🚀📉
NSE:VINATIORGALong
by LiveTradingBox
BABA | A trillion dollar criticismChinese tech titan Jack Ma had been having it rough ever since his criticism of Beijing triggered a backlash on his companies and wealth but a recent development may change the tide. On Friday, China's central bank announced a fine of 7.12 billion yuan, or $985 million, for Ant Group the fintech giant co-founded by Ma that operates the Alipay payments app signaling that its years-long regulatory crackdown is ending. But the years-long crackdown has taken a heavy toll on Ma's wealth and the market valuations of the companies he holds stakes in. Alibaba the flagship company he cofounded saw a 45%, or $620 billion, drop in market value since shares hit their peak in 2020, per Bloomberg's calculations on Sunday. Ant Group is now valued at around $78.5 billion marking a steep 75% discount to its valuation of $315 billion in a scuttled IPO before Beijing's regulatory crackdown in 2020. The collective $850 billion wipe out in Alibaba and Ant's valuations has sent Ma's net worth plunging from about $61 billion in October 2020 to $34.1 billion as of Monday On a personal level, Ma has also been lying low for more than two years.Ma angered Chinese authorities after giving a speech in October 2020 in which he criticized China's financial regulatory system and claimed Chinese banks were operating with a "pawnshop" mentality. His words prompted intense regulatory scrutiny of his businesses including Alibaba and Ant and a wider crackdown on tech firms in China. In January, he was spotted in Bangkok, where he visited a Michelin-starred street-food restaurant and watched a Muay Thai fight. He also popped up in Hong Kong in the same month. In March, Ma returned to a school he founded in his hometown of Hangzhou in eastern China. In April, he was appointed an honorary professor at the University of Hong Kong. In May, Ma took up a teaching position in Japan, one of the first public roles he has assumed since disappearing from the spotlight in 2020. Last month, Ma attended the Alibaba Global Mathematics Competition finals in Hangzhou, where Alibaba is based. Alibaba shares in Hong Kong were up 3% at 86.90 Hong Kong dollars apiece at midday, buoyed by news of the fine. The company's shares in New York closed 8.1% higher at $90.55 apiece on Friday.
NYSE:BABA
by moonypto
2
Down by 55% now, one should you buy or avoid it !Here in Aavas Financiers are already declined by 55% in the last few months and currently trading at the 1353 level with strong support at 1335 & 1330. Look like it will take reversal from this level now and again fly high for a strong target as below : Buy Above 1385 level on a closing basis Target 1 - 1510 Target 2 - 1588 Target 3 - 1700 Strict Stop loss - 1300 Please consult your financial advisor before taking any trade on my analysis.
NSE:AAVASLong
by smartmarketview
BSE ltd - what's my trade plan 📈💡NSE:BSE Performance: BSE LTD's performance in the market has been stable with significant growth in its key business segments. Market Dominance: BSE LTD continues to dominate as one of the leading stock exchanges in India, dealing with a wide array of asset classes. Technological Advancements: BSE LTD has made significant technological advancements to provide efficient and robust trading systems. Revenue Streams: BSE LTD has diverse revenue streams such as transaction charges, depository charges, membership fees, and listing fees, contributing to its stable financial performance. Regulatory Compliance: BSE LTD operates under strict regulatory compliance, ensuring the interest of investors. Partnerships: BSE LTD has formed strategic partnerships globally, enhancing its market reach and influence. Investment Opportunities: With a high potential for growth, BSE LTD presents promising investment opportunities for traders and investors. disc: Invested , will look for averaging up
NSE:BSELong
by Peaceful-Weekend-Investing
Engineers India - Can it engineer some magic 🔮Spent hours on an Engineers India con-call, sharing analysis to the point in disc: Invested, do your own research 📊 Company Update on Engineers India Limited (EIL) #EIL #Q2FY24 #FinanceReport Financial Performance: EIL's turnover for Q2 ending Sep 2023 was INR 777 cr, a slight dip from INR 808 cr in Q1 FY23-24. Half-year turnover stood at INR 1586 cr. Notable increases in profit before tax (68%) and after tax (59%) compared to last year. Important Q&A Margins & Revenue Adjustments: Post-liquidity damage settlement, margins for the turnkey segment at approx. 1.3%. #Margins Order Pipeline: EIL continues focusing on oil & gas, petrochemicals, refinery, mining, and infrastructure sectors. International Initiatives: Expanding into global markets, EIL has made strides in Guyana, Algeria, and continues efforts in Nigeria, South America, and other African countries. Non-Oil and Gas Initiatives: EIL is actively engaged in green hydrogen projects and has signed an MOA with NTBC for green initiatives and energy transition projects. Growth Prospects: EIL anticipates a 10% increase in turnover and net profit, signalling growth after a period of stability. Investment Plans: Significant investments include the Ramagundam fertilizer project and Numaligarh refinery. No new major projects are planned. Opportunity Size: EIL is bidding for projects in the range of INR 30k to 40k cr across various sectors. Margins in New Sectors: While exploring green hydrogen and other sectors, margins will depend on market competition, but profits are expected to be favourable. 🚩Risk Management in EIL Strategy #Risks #InvestmentRisks Turnkey Segment Margin Variability: Quarterly fluctuating margins in the turnkey segment, generally between 2-3%, with ongoing efforts to improve. Investment in Specific Projects: EIL's focus on a few large projects could be risky if delays or issues arise. Dependency on Large Projects: With significant engagements like the Nigeria fertilizer complex and Guyana power plant project, EIL's performance is heavily dependent on securing large projects Critical Takeaways for EIL Investors #Investors #StockMarket #EIL ⚙️ Chart pattern looking very good on the weekly and daily chart 🔚That's a wrap on the latest EIL update! Follow me for more insightful updates on EIL, finance, and the stock market. #EIL #Finance #StockMarket $NSE:ENGINERS
NSE:ENGINERSINLong
by Peaceful-Weekend-Investing
looking for 76 percent rise in first quarter of 2024 from 27-11Maitri is a real estate company that operates in India. The company is engaged in the development, sale, and leasing of residential and commercial properties. Maitri was founded in 2000, and it is headquartered in Mumbai, India. Maitri has a strong track record of growth, and the company has been consistently profitable over the past few years. The company has a diversified portfolio of projects, which includes both residential and commercial properties. Maitri has also expanded its geographic footprint in recent years, and the company now has operations in several major cities in India. Maitri's stock has performed well in recent years, and it has outperformed the benchmark indices. However, the stock is still relatively volatile, and it has experienced significant price swings in the past. Overall, Maitri is a well-established company with a strong track record of growth. The company is well-positioned to benefit from the ongoing growth of the Indian real estate market. Here are some of the factors that could affect Maitri's stock price in the future: * The overall performance of the Indian economy * The demand for real estate in India * The company's ability to execute its growth plans * The company's financial performance If you are considering investing in Maitri, I recommend that you do your own research and carefully consider the risks involved. **Specifically about the 30% upside potential:** Maitri's stock price is currently trading at ₹1,000 per share. If the stock were to rise by 30%, it would reach a price of ₹1,300 per share. There are a few factors that could contribute to rise in Maitri's stock price: * An improvement in the overall performance of the Indian economy * A surge in demand for real estate in India * The company's successful execution of its growth plans * The company's strong financial performance
BSE:MAITRILong
by EasyLife_Advisor
RL Possible buy emergingToday, I am looking at American fashion company, Ralph Lauren Corp. with ticker #RL. It has been growing steadily for quite some time now, and it looks like it doesn't plan on stopping. Though fundamentals of the company seem pretty good, I will not be going through them, I will only focus on technical analysis here, as I always do. What am I looking at? 1. When you check the Weekly chart, you can see a massive bullish run. Stock price have increased more then 40% in the last 10 weeks. 2. Daily chart, is giving us the opportunity to position ourselves. If you missed the initial run, you still have a chance to enter at this stock. 3. Formation we can currently see on the chart is called Cup and Handle, it is forming perfectly fine. What I usually like to see in such formations is volume drying up a bit, but price is rising step by step. No unusual moves. 4. Bottom of the Cup formed perfectly, it hit the 21EMA-red line, and bounced of off it. After that, the Handle as well bounced of off the exact same moving average. 5. My first position would be the break of the previous high, sitting at $190.47 price level. Once I enter at that price level, my stop loss will be below the 21EMA. To be precise, it will most likely be put just below the Handle low, at around $181-182. 6. Once I enter, I will be closely monitoring what is the price doing, and as always, I will be updating you. Please do your due diligence with investing your hard earned money. Thanks and good luck!
NYSE:RLLong
by De_Banis