Swastik24

Swastik24

Fundamentals are good, revenue has increased more than 10 times in 11 years but OPM dropped by 66% due to increase in employee cost which is concerning. Borrowings increased to almost 100% but trade receivables & cash equivalents can make it up to 87.5%. Technically price is about to reach the base of the big descending triangle as highlighted and forming strong...

Swastik24

Fundamentally price is at its fair value and company is almost debt free with good ROE & ROCE numbers. Technically price has corrected till FIB golden zone and currently making higher highs and higher lows. It is moving inside an ascending channel as highlighted. Expecting the price to bounce from trendline support or the bottom of the channel. Good to...

Swastik24

Fundamentally undervalued as price is trading at 60% of its book value and it's PE is 1/3rd of the sector's PE. With an increase in REPO rates, borrowings are getting hit but financing margin is improving. After a long downtrend of around 3 years in a bearish impulsive move, now price is showing bullish corrective move which may end at 540 or 715...

Swastik24

The only listed fundamentally sound small cap company in its segment for kitchen appliances and quartz kitchen sinks. The company gets around 80% revenues from export markets and 73% of total revenues come from quartz sink. The company is going for another 20% expansion by adding 1L units to cater the demand of global customers. Price is making lower lows...

Swastik24

An undervalued high growth small cap company with strong fundamentals available at price below its book value. Price is nearing key support level around 22.65 level Good to accumulate around 20 - 25 levels for the following targets: Medium term swing target @ 65 (185% ROI) Long term swing target @ 85 (275% ROI) Long term positional target @ 102 (350%...

Swastik24

A debt free large cap company with strong fundamentals. Technically bearish as price broke the neckline of Head & Shoulder pattern. Bullish divergence with RSI indicating reversal can happen but RSI hasn't entered the bearish oversold range of sub 25 levels. As per Head & Shoulder pattern, the technical target is around 1850 level which lies at golden Fib zone...

Swastik24

A small cap company with strong fundamentals. Technically neutral as price is consolidating near KEY SUPPORT level at golden FIB zone after a long term downtrend. Bullish divergence with RSI indicating the price is bottoming out in confluence with the edge of the pitchfork. Good to accumulate around 1630-1730 levels for the following targets: Short term swing...

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Sona BLW is among the Top 10 Global Differential Bevel Gear Suppliers, Among the Top 10 Global Starter Motor Suppliers for PVs, and the Largest manufacturer of differential gears for PVs, CVs & Tractors in India. Sona Comstar has 8.7% market share in the global market in Battery Electric Vehicle (BEV) Differential Assembles, 5% in Differential Bevel Gear, and 3%...

Swastik24

A small cap company with good fundamentals. Revenue increased but net profit declined due to declining OPM. Technically bullish as price is moving in a WXY corrective move towards upside after a long term downtrend. As per conventional TA, it is forming a nice cup with handle pattern with a technical target of around 1300. Good to accumulate around 560-610...

Swastik24

A micro cap company with good fundamentals. Technically bearish as price is moving inside a falling wedge. Key level is around 365. Forming a nice cup with handle pattern with a technical target of around 900. Good to accumulate around 350-380 levels or buy after break out of the wedge pattern for the following targets: Short term swing target @ 550 (50%...

Swastik24

Diwali Pick!! Hidden gem available at fair value with ROCE & ROE around 30% Sales increased by 300% in 3.5 years Net Profit increased by 820% Borrowings reduced by 46% Expecting the price to bounce from 315-330 levels as it is the technical target of head & shoulder pattern which is also in confluence with golden FIB level. Good to accumulate at those levels...

Swastik24

Good time to buy as price bounced off from golden FIB zone and broke out of the symmetrical triangle pattern, now retesting the triangle. Huge volume candles from last couple of months shows strong accumulation by whales or institutions. RSI showing divergence for potential trend reversal. Buy for the following targets in medium to long term: T1 : $38.00 ...

Swastik24

A small cap company with better fundamentals than its peers. Expecting a potential double bottom with bullish divergence in RSI, trendline support and golden FIB zone to act as strong reversal zone. Good to accumulate around 230-245 levels for the following targets: Short term swing target @ 343 (43% ROI with 2.94 R:R) Medium term swing target @ 465 (93.75%...

Swastik24

An undervalued microcap stock with multibagger potential. Price has broke out of the triangle pattern highlighted, retested and now range bound around key support level preparing to break out of the trendline resistance. Recent price action is showing a bull flag with target towards next key level around 148. Good to accumulate around CMP or key support level...

Swastik24

Price is showing hidden bearish divergence with RSI on Daily & Weekly TF. Descending broadening wedge pattern is forming as highlighted. Fundamentally the stock is highly overvalued. Good to accumulate around 850-900 levels for the following targets: Short term swing target @ 1590 (76.67% ROI) Medium term swing target @ 2250 (150% ROI) Long term positional...

Swastik24

To everyone, it looks like reverse H & S pattern but it is not actually. FIIs & DIIs have increased their holdings in June quarter. Now everyone is bullish so it will do the opposite. Technically price is forming medium bearish divergence with RSI on daily TF. Fundamentally overvalued with high debt to equity and increasing trend of trade payables. 30-33%...

Swastik24

Price is nearing accumulation level as per the Head & Shoulder pattern technical target. Sound fundamentals with almost zero debt will make it soar in next bull run. Good to accumulate around 850-920 levels for the following targets: Short term swing target @ 1275 (43% ROI with 4.28 R:R) Medium term swing target @ 1620 (82% ROI with 8.1 R:R) Long term...

Swastik24

A potential Head & Shoulder pattern is forming, break of the neckline will drag the price lower towards 540 level. Even though the OPM% is superb, borrowings are increasing YOY to concerning levels. Net profitability will take a hit with increasing interest rates due to quantitative tightening. 25,980 crores of AGR dues to be paid till March 2031. All these...