Swastik24

Swastik24

Fundamentally sound, debt free but little overvalued. In my opinion the higher degree corrective move is over now as per the wave counts highlighted (WXY). Currently price is forming a higher high and higher low formation which confirms trend reversal. RSI showing bullish divergence on daily TF and many other confluences you can observe in my chart. The wave form...

Swastik24

The top chart shows XRP market cap whereas the bottom chart shows XRP/USDT. According to the trend analysis of XRP market cap, its highly likely that the peak will be somewhere around $1.3 TRILLION if flippening happens (overtaking BTC as the biggest crypto by market cap at the peak of the cycle). Last flippening happened during 1st Jan 2018 when XRP became Rank...

Swastik24

285% rally in 141 days is good enough rally to attract retail traders. Stay away and thank me later. As per ABC corrective pattern, Olectra already achieved its target. I am not expecting any upside in short term. 50% correction coming which can push the price lower towards 700 odd levels Once peaked at PE of 370, now available at a PE of 172. Even the forward...

Swastik24

High probability trade setup!! To keep it short, this education sector microcap company has robust fundamentals with highest ever net profit in FY2022-23. Technically, price is forming a potential reverse H&S pattern. Strong bullish divergence with RSI on 4H & Daily timeframe. Good to buy at CMP for a target of 293+ in short term (75% ROI with 7:1 R:R) Mandatory...

Swastik24

Currently price is moving below 200 DMA after death cross and head & shoulder pattern formation. Everything is good about the fundamentals except valuation. Around 6% of the promoter's holdings were disposed ahead of General Sales Agreement with Spicejet Airlines. Looks like a 35% dump is on its way to achieve the target of H&S pattern around 28 odd...

Swastik24

India's largest television network with a presence across 170 nations catering to 1 bn+ people. Sony Pictures Networks India Private Limited & ZEEL merger is expected to be completed by end of 2023. Fundamentals of recent quarters might look shady but post covid the entire industry was affected due to lack of content. Also with consistent revenue the net profit...

Swastik24

Suzlon's turn-around potential has already rewarded multibagger returns to its hopeful investors. The aggressive reduction in borrowings, increasing profit margins and increasing revenue post covid are the signs that Suzlon is on the right track. Technically, the price has formed an abc pattern that touched the FIB golden zone (18.45) today. The target is...

Swastik24

Deeply undervalued mid cap gem with strong fundamentals. Is setting up 5 GWh factory to manufacture Lithium Ion Batteries. Technically RSI is showing weak bullish divergence on daily TF. Currently price is hovering around 2015 levels whereas revenue increased more than 6 times and profit just doubled due to reduced profit margins. With increasing number of...

Swastik24 Updated 

Bitcoin is heading towards Fib Golden Zone before a major fall. A nice Cup with Handle pattern signifies that.

Swastik24

Poor fundamentals will lead to a massive fall ahead. Around 25% upside left upto 90-95 levels before a 75% fall towards 22.50 level. This is not a trade recommendation. Hope you find my insight helpful. Do your own due diligence before taking any action. Peace!!

Swastik24

Expecting a fall from 1000-1050 levels Stay cautious. Do your own studies before taking any action. Peace!!

Swastik24

One of the global leaders in manufacturing and selling of Active Pharma Ingredients (APIs), Pharmaceutical Formulation Intermediates (PFIs) and Finished Dosages. Fundamentally sound with good ROCE & ROE of around 19% Available at fair value with a forward PE of approx 7.5 whereas Sector PE is at 25.5 Debt to Equity is 0.40 due to capacity expansion. Highest...

Swastik24

The only small cap company engaged in the business of manufacturing of extra clear patterned glass and Low Iron Solar Glass for application in Photovoltaic panels, Flat plate collectors and Green houses. Current capacity is 750 TPD which will be expanded to 2400 TPD by Q3 of 2024. India's solar energy capacity has grown with a CAGR of 41.39% from 6.76 GW in 2016...

Swastik24

India’s largest private thermal power producer with installed capacity of 13,650 MW. Fundamental Aspects: In 11 years Reserves increased 5 times, Sales increased almost 18 times, Net profit increased 20 times, Huge CAPEX for future expansion & Promoters holding is good 74.97%. The only concerning parameter is the debt to equity ratio, which is staggering 1.87. If...

Swastik24

India’s largest port developer and operator comprising 12 ports and terminals and 538 MMT of operating capacity. It also possesses the largest container handling facility in India. Fundamental Aspects: In last 11 years Reserves increased 11 times, Sales increased almost 9 times, Net profit increased 6 times, Huge CAPEX for future expansion & Promoters holding had...

Swastik24

India's largest mobile tower installation company. Its customers are Bharti Airtel, Vodafone Idea, Reliance Jio and BSNL. Fundamentally sound with strong sales growth and good ROCE & ROE numbers. Reduced net profit in recent quarters due to OPM hit and increased borrowings. Promoters have increased shareholdings by buying from FIIs & DIIs. Public shareholding...

Swastik24

Leading Indian manufacturer of Speciality Chemicals and Pharmaceuticals with a global footprint. Chemicals manufactured by Aarti are used in the downstream manufacture of pharmaceuticals, agrochemicals, polymers, additives, surfactants, pigments, dyes, etc. Borrowings increased due to increased CAPEX. Technically bearish as the price is moving inside an ending...

Swastik24

Robust and consistent financing margin behind good profit growth of 44.2% CAGR over last 5 years. Technically bearish and price may bounce near important key level at 1430 as highlighted. The technical target of H&S pattern highlighted is somewhere around 1480. Good to accumulate around 1350-1500 levels for the following targets: Medium term swing target @...