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Cup & Handle Breakout - PRESTIGECurrent Price: ₹1,584.60 Technical Analysis: Cup & Handle Breakout Pattern: The provided chart shows a potential Cup & Handle pattern, with the price breaking out above a resistance level. A confirmed breakout with strong volume is typically a bullish signal. The chart also indicates a "Strong High" marked near ₹1,900. Immediate Target: ₹1,900 Time Frame: 3 to 6 months. Fundamental Analysis: Market Cap: ₹68,189 Cr. Current Price: ₹1,585 Stock P/E: 146 (Extremely high, indicating very high growth expectations are priced in or low recent earnings.) Book Value: ₹358 Dividend Yield: 0.11% ROCE: 7.69% (Relatively low for a company with such a high P/E.) ROE: 3.50% (Very low return on equity, especially considering the high P/E.) Face Value: ₹10.0 High / Low (52-week): ₹2,075 / ₹1,048 Shareholding Pattern (as of March 2025): Promoters: Decreased stake from 70.00% (Mar 2017) to 60.95% (Mar 2025). FIIs: Fluctuating, currently at 17.08% (Mar 2025) from 24.43% (Mar 2017). DIIs: Consistently increased stake from 4.41% (Mar 2017) to 19.23% (Mar 2025). This is a strong positive signal. Public: Currently at 2.74% (Mar 2025). No. of Shareholders: Significantly increased from 11,656 (Mar 2017) to 1,68,033 (Mar 2025), indicating rising retail interest. Recent Performance: Prestige Estates, being a prominent real estate developer, would have its financial performance tied to property sales, project completions, and new project launches. Recent results for real estate companies in India have generally been positive due to robust housing demand. EPS: Given the P/E of 146, the EPS (Earnings Per Share) would likely be very low. For example, if P/E is 146 and Current Price is ₹1585, then EPS = ₹1585 / 146 ≈ ₹10.85. This suggests that earnings are currently quite low relative to the stock price. Corporate Actions: Real estate companies often engage in corporate actions like fundraising (QIPs, preferential allotments) to fund new projects, joint ventures, or acquisitions of land parcels. Dividend payouts are also common. Any announcements regarding new project launches, significant sales bookings, or progress on existing projects would be key corporate actions. Company Order Book / Sales Pipeline: For real estate companies, the "order book" is typically represented by sales bookings for ongoing and upcoming projects, and the development pipeline of future projects. Higher sales bookings and a strong pipeline indicate future revenue visibility. Latest News: Recent news for Prestige Estates would likely focus on: Q4 FY25 and FY25 financial results: The market would be keenly watching their earnings for any justification of the high valuation. Sales Performance: Updates on property sales, new launches, and project completions. Expansion Plans: Announcements of new land acquisitions or expansion into new cities/segments. Analyst Reports: Brokerage reports on their performance and outlook. Overall Assessment: Prestige Estates Projects Ltd. presents a mixed but potentially bullish outlook, driven by strong technicals and positive industry trends, but tempered by a very high valuation: Bullish Technicals: The identified Cup & Handle breakout is a strong bullish pattern, indicating potential upward momentum. The target of ₹1,900 seems to align with a "Strong high" level on the chart. Strong DII Confidence: The continuous increase in DIIs' stake and the significant rise in the number of shareholders indicate growing domestic institutional and retail confidence in the company. Industry Tailwinds: The real estate sector in India has been witnessing robust demand, which benefits established players like Prestige. High Valuation (P/E 146): This is the most significant fundamental concern. A P/E of 146 implies that the market is expecting exceptionally high earnings growth in the future. The current ROE (3.50%) and ROCE (7.69%) are quite low for such a high valuation, indicating that current profitability doesn't justify the price, but future growth potential is being heavily discounted. Investors are clearly betting on aggressive future expansion and profitability. Conclusion: The technical setup for Prestige Estates Projects Ltd. appears bullish with the Cup & Handle breakout, and the immediate target of ₹1,900 seems technically plausible within the 3-6 month timeframe. The increasing DII holding also provides confidence. However, the extremely high P/E ratio of 146 suggests that a significant amount of future growth is already priced into the stock. For the stock to sustain this rally and potentially move beyond, the company must deliver exceptionally strong sales bookings, project completions, and, most importantly, a substantial increase in its earnings per share in the coming quarters to fundamentally support its premium valuation. Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Investing in stocks with very high P/E ratios carries elevated risks. Always conduct your own thorough research, carefully analyze the stock chart, assess your risk tolerance, and consult with a qualified financial advisor before making any investment decisions. The stock market carries inherent risks.
NSE:PRESTIGELong
by sara54654
MCLOUD📊 Stock Analysis: MCLOUD The stock has been consolidating within a ascending triangle pattern and is nearing a critical Buy Above level at ₹80 , signaling a potential breakout. The target is set at ₹179, offering a potential gain of 123.75%. Key insights: Trend: A breakout above the wedge could indicate renewed bullish momentum. Support Levels: Strong support around ₹75 , making this a low-risk entry point. Volume Buzz: The recent increase in volume shows rising investor interest. 🔔 Keep an eye on this setup! Always analyze your risk tolerance before making any decisions. 📢 Disclaimer: This post is for educational purposes and not financial advice. Conduct your research or consult a financial advisor before investing. What are your thoughts? Share them below! 📝 #StockTrading #TechnicalAnalysis #BreakoutTrading #MCLOUD
NSE:MCLOUDLong
by mrsameofficial
JSW Steel is near its Support LevelThis is Daily chart of JSWSTEEL. The stock is trading within an Ascending Channel. It is currently near the lower support zone of the channel, which lies in the ₹920–₹945 range. Simultaneously, a Symmetrical Triangle pattern is forming with a consolidation range between ₹930–₹950. The stock is currently taking dynamic support from two EMAs: the first EMA is providing support near ₹245, while the second EMA is acting as a deeper support around ₹230. Both EMAs are helping maintain the stock’s bullish structure." If this level is sustain , we may see higher prices in the stock.
NSE:JSWSTEELLong
by FiveCircles
Rising from the Ashes: CUMMINS INDIA's Grand Wave 5 Launch?After a soul-sucking 11-month correction that chewed through every classic pattern — flats, triangles, zigzags, combos — CUMMINS INDIA may finally be ready for lift-off. A WXYXZ correction has reached its climax in a clear Wave 4 low near ₹2580, completing the complex structure inside a descending channel. But the game changed when price: Broke the 200 SMA Blasted through the channel Punched RSI above 70 for the first time since May 2024 And did it with volume breakout Now, all eyes are on Wave 5 — projected to aim for: 1.0 extension: ₹3569 1.618 extension: ₹3812 Can we reach a new ATH above ₹4171? It’s possible — if this unfolds through nested 1-2-3s, we may be witnessing the start of a larger degree rally. Invalidation : Below ₹2706. If it breaks, the count may need a rework . For now? Wait until it retraces to launchpad.? Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:CUMMINSINDLong
by WaveXplorer