Sniper-Traders

Sniper-Traders

Deltacorp is a monopoly business in India. They are the only listed company engaged in the casino (live, electronic and online) gaming industry in India. The recent rapid sell-off was mainly due to the 28% GST imposed on online gaming, casinos from October 1 by the GST Council. The announcement was made on July 12th and it's almost 4 weeks since then. The market...

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Although the valuation is a bit high, the financial performance of the REIT is good. While looking into the share holding pattern also we can see that both the FIIs and DIIs are showing interest in the REIT and I see that also as a positive sign. They are planning to lease 6 million square ft of office space in FY24. And technically also, in a favourable...

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The stock is trading at high valuations and in a market scenario in which even the overall market is showing signs of weakness, there is high probability for stocks with high valuation to sell-off. The financial statements is not that attractive. And this adds upto the unfair valuation that the stock is trading now. The FIIs have only a small percentage of...

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Fundamentally there is not much reason for the sector to grow in the near future. The overall valuation of the stock is high. Market share of the stock decreased from 14.5% to 6.69% over the last 5 years. The stock don't have any moat since it is in a very competitive sector with stock competitors like LIC, BAJAJ Finserve, HDFC LIFE etc. FIIs have large...

Sniper-Traders

If a sell-off happens in the overall market then its ripple effect will have an impact on stocks like this with high valuation and below average financial statements. Will be interested in the stock if price reaches the start of the ascending channel and will look for an entry depending on the micro and macro-economic situations at that time.

Sniper-Traders

Valuation of this stock is high and also the financials are also not that attractive even if price reaches the low of the channel or wedge mentioned. But still if price reaches the low of the channel then a position can be taken if the overall market sentiment favours a bullish move and confidence, at that time. Also the fundamentals of the company at that time...

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From the low formed in March 2023, Nifty has rallied over 18% and from that in June of 2022 the rally is over 30%. Although there is no major negative factors effecting the Indian economy like recession or war or political instability, still from a technical view point there is a high probability for a reversal move. This may be due to profit booking or even...

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From a price action perspective there is a higher probability for the pattern to repeat and a slow reversal move to happen. This might take months to happen. Until price reached the low of the channel line as per my view, I'll not dare to take an entry in the sectoral ETF. Sometimes the pattern might evolve for sure but until that happens my view stays the same.

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Since the IT sector is correlated with US market and the US market is kind of in an overvalued state and is showing signs of reversal, there is a very high probability that its ripple effect is going to be there in Indian IT sector also. So I'm expecting a crash in IT and will utilise the opportunity by buying ITBEES, when CNXIT falls to the low of the channel.

Sniper-Traders

At the current valuation, there is a high probability for the price to reverse. If price reaches the low of the channel in a sell off then I'll look for an entry opportunity.

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Since the market is in a overvaluation and has given a good enough rally, there is a high probability for a reversal and a range formation in the near future. This may be due to profit booking or any other unforeseen event. But CDSL is kind of correlated with the overall market movement since there business model depends on it. So I'll look for an entry when...

Sniper-Traders

If Asian Paints falls into the low of the channel ( or potential wedge ) formation then we may look for an entry, if the fundamentals also favours the move when that happens. Will update underneath when that happens.

Sniper-Traders Updated 

Pros 1. Dividend yield of 6.92% is being offered at the current levels which is very attractive especially for a small cap company. 2. The products have multiple usage across various industries since they are mainly into plastic packaging business. 3. Inflation and war scenarios in US and Russia has effected the demand and in turn effected their profit margin....

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There are chances for the move to continue to a price of about 176$. But if the FED decides to raise the interest rate to 0.75 basis points in the upcoming meeting, then I expect further crashes, so I decided to take some chips off the table.

Sniper-Traders

Closed my position in HDFCAMC for a profit of about 8.10%. Expecting a reversal move from here on. Will consider re-entry if it touches the bottom of the ascending channel in the coming days. www.youtube.com

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BTC has been consolidating above the most recent high for quite some days now. There is a higher probability for the pice to move upwards impulsively from this level.

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Expecting a potential upside of about 70%. They supply products and services to customers in over 85 countries. They have four manufacturing facilities in North America and two in India, coupled with Research and Development centres in North America and India. Additionally, they have a distribution network of more than 45 radiopharmacy in the United...

Sniper-Traders

Looking forward to entering into a position when the price touches the bottom of the HTF channel line, in a corrective manner.