agrwal_amit

agrwal_amit

# Tea Sector undergoing change as most stocks are either near all time high or are hitting all time highs. # Goodricke Group 74% owned by Camellia PLC is trading at 6 year high. # Silently the tea sector has outperformed the markets in last couple of months by giving double digit returns. # With Tea production significantly down this year 2024 than 2023 and prices...

agrwal_amit

# Showing strength from Weekly oversold zone # Negatives mostly discounted # No to very limited downside.

agrwal_amit

Based on Fy25 numbers: # Kotak @ 1800 is trading at 2.3 time book value assuming 790/share in networth # Indusind bank @ 1300 is trading at 1.45 times book at assuming 900/share in networth. # SBI at 815 trading at 1.5 time book value assuming 540 / share networth. # Kotak + Indusind trading at average PBV of 1.85 times. # (Kotak+Indusind) / SBI is trading at 3.81...

agrwal_amit

1. GE power after falling more than 40% in last 4 months in spite of correcting from 1000 odd levels in last 3 years is poised for a reasonable retracement at least. 2. A 38% retracement of the fall from 170 level takes it to a target of 120. 3. Further strength might take it to 130 levels which is 50% of this fall. 4. Fundamentally all the issues of promoter...

agrwal_amit

# closing at almost day's high # closing above 3 drwan resistance after being rejected many time in last 6-7 days # Banking sector in general going up # profit booking after Aug month move seems done. # long at 117, SL at 113, target 1:3 129

agrwal_amit

# As visibile from pattern drawn on weekly chart, there is a strong possibility of stock getting doubled from current levels. # Daawat basmati rice of diffenent varities are competing neck to neck with India Gate and command a majority market share in basmati rice exports. # The company is leading the industry growth rate with 5 year sales growth of 11% while KRBL...

agrwal_amit

Elon Musk says the world still needs oil. “Realistically I think we need to use oil and gas in the short term, because otherwise civilization will crumble," Musk said on the sidelines of an energy conference in the southern city of Stavanger. Based on that statement and recent trend in crude oil couple of ideas can be picked up for portfolio as the sector is...

agrwal_amit Updated 

# The stock is witnessing strength along with bank nifty # The stock did only 38% retracement of the recent move from 81 to 96 before Q1 result and has crossed the high made before result. # post result selling was on higher volume and today's outperformance suggesting relative strength and continuation of upmove. # Fundamentally the market reacted post the...

agrwal_amit

# The reaction on poor result was very positive and the following day it averaged at 112 vs 109 yesterday # The way it has reacted post result, it seems it will not go below 100. # Promoter hiking stake through warrant and florintree entering the company, this could be a massive 5 years story. # A stop @ 82 ( the warrant conversion price) from CMP of 112, for a...

agrwal_amit Updated 

Good Risk Reward Opportunity. The stock is down being ex dividend. Strong base of multiyear. ITC having broken out, Cigarette stock are due for upmove. Weaker currency expected to reduce illegal import volumes. Industry well poised to capture consumption growth story and the company is expected to report high single digit to low double digit revenue growth this...

agrwal_amit Updated 

Analysis: # BOB closes the week strong. Went below 100 triggering the stops, took support at important 90-91 level and close above 100 for the week. # The stock is in uptrend and just made a 2.5 years high in 7th feb week. # Fundamentally PSU banks have completed the grueling NPA cycle and it seems better days in terms of higher NIMs and profitability are...

agrwal_amit Updated 

# Buyers visible around 61.8% retracement level with a fairly large wick on the 21st feb weekly candle. # The following wwwek confirms the presence of buyers with an inverted hammer formation which is also an inside candle. # 7th March candle is a fully body weekly candle with almost 9% upmove covering the sellers of the inverted hammer candle. # A W pattern...

agrwal_amit

Break down seems to be significant this time as the fall is now coinciding with fall in other hot stocks of similar category. Risk Management and Money management to be donw as per their portfolio size.

agrwal_amit Updated 

# Goldilocks situation has happened in Coal India 1. There is massive demand for coal due to global energy crisis emanating from china and prices shooting up. Similar situation in India. 2. Super low valuation with just next 5 year profit sufficient to cover the market value coal india is trading today. This can easily climb to 10 times as many many growth stocks...

agrwal_amit

# The stock has completed a 7 months consolidation and is appearing to be breaking out. # The volume profile suggest that more than 90% of the volume has happened below the current price of around 164 in last 4 years. # This suggest that majority of sellers are out and the rise from current level towards the target might be swift. # A fibonacci retracement of the...

agrwal_amit Updated 

# Coal India has taken support at a trend line and 50 wk avg line and formed a Morning Star pattern (reversal pattern) # Formed a lower low # 9 wk high volume # Strong closing on Friday and week in spite of 3.5/- ex dividend this week. # Fundamentally on growth side there is both price and volume uptick expected post monsoon on coal front, so the market should...

agrwal_amit Updated 

# on 28th July 2021, poor result with just 5% margin. Almost 3-4 year low margin # volume sustaining based on low price of products. It seems the rise in price will lead to further loss in market share. # small cars sales affected due to slowdown in rural economy and it's SUV market share is low # on 29th July very strong day for Nifty which was up 100 points...

agrwal_amit

# With recent fall in Tata motors shares due to guidance on weak volumes in Q2, the stock is down sharply. # It seems to be taking support at 100 Day Simple moving average. # If there is a closing above 146.75 on a day, one can go long with a SL at 139.9 and a target of 160 for a risk reward of 1:2