POTENTIAL INVESTMENT TARDE FOR VODAFONE IDEA
Here we look at the Quarterly chart since 2008, We see price was rallying up violating Resistances and respecting the Support areas, until it starts doing the opposite.
Now recently Price has violated a Supply area which indicates that the Buyers have just won over the sellers and now Price has given a Pullback in a 6 Months Demand.
Now we have a 6 Months Demand; So understanding the timeframe role into this Trade as the Demand in which we buy this a 6 months Demand hence we will have to consider a minimum of 1 to 2 years considering at least 2 to 4 candles of 6 months each to achieve the Target.
Here we have the following to consider before entering the Trade
Trade Type : Investment Trade
Entry : 10.10
SL : 5.70
TGT : 39.74
Risk : Rs. 4.4
Reward : Rs. 29.64
Ratio for Reward to Risk : 6.7/1
Nseindia
LTIM LONG BUY TRADE IDEALTIM long trade idea
buy signal/call
1. stock have completed a cup & handle kind of pattern
2. consolidation of considerable time period happend at this breakout level
3. us fed cut will benefit this stock
4. strong fundamentals
5. big investors with healthy holdings
buy @ 6450 SL @ 6200-6300 target 1 - @7000 target 2nd @7500 target 3 @ 8000 target 4 @ 8500
time period - around coming 3-9 months
NSE:LTIM
IDEAFORGE TECHNOLOGY LONG TERM VIEWIDEAFORGE TECHNOLOGY LTD is forming a Double Bottom Pattern and a channel pattern within the double bottom formation as well.
Entry is given at 712
Stop Loss is given at 556
Targets are as follows:
Target 1-886
Target 2-1056
Target 3-1260
Target 4-1345
(These targets will be achieved within 2 years from the date of entry)
NOTE:- This view is purely based on Technical Analysis and is for educational purposes only.
Please consult your Financial Advisor Before taking any trade.
Bharat Dynamics BDL Short Setup on 1D Daily TF on RisologialBharat Dynamics BDL Short Setup on 1D Daily TF on Risologial
After 125% upside rally, BDL has given signs of a possible SHORT trade.
The BDL price is crossing under the Risological trend line, and if we see a red candle today, it is a sign of a good short trade.
Once the trade is confirmed, the Risological swing trading indicator will set the Entry, stoploss and profit targets for this trade.
I will update on this trade post 3:30 closing.
Take care.
Namaste!
SWING IDEA - SBI CARDS AND PAYMENTSThis setup presents an attractive opportunity for swing traders to capitalize on the potential uptrend in SBI Cards .
Reasons are listed below :
Strong Support at 670-700 Levels : SBI Cards has established a robust support zone in the range of 670-700 levels, indicating strong buying interest and potential reversal points.
Bullish Marubozu Candle : A bullish Marubozu candlestick pattern has formed in both the weekly and daily timeframes, suggesting strong buying momentum and potential upward movement.
Engulfing Pattern : The bullish engulfing pattern on the weekly chart, engulfing four previous candles, reinforces the bullish sentiment and indicates a potential reversal of the downtrend.
Double Bottom Pattern : A double bottom pattern has emerged on the daily timeframe, indicating a potential trend reversal and bullish continuation.
Target - 790 // 855 // 935
Stoploss - weekly close below 670
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@visionary.growth.insights
Raj Rayon : {"Potential for Best investment for 2024";}
We are at the Biggest Picture available as per the data;
Price has formed a Wave 1 which is an Impulse Wave In the Upward direction;
Wave 2 is a downward 3-Wave-Simple-Correction Structure, retracing Wave 1 by less than a 100% which suffices the Laws of Wave as per the Elliott Wave Theory and now.
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Let's talk about the most interesting part The Most Awaited Wave 3 is expected to come out, showing the move which is the reason why we trade,
According to the Elliot Wave Theory the Projection of Wave 3 is at least 161.80% of the Wave 1.
Let's see on the charts the Extension Levels as per the Best Leading Indicactor Fibonacci Extension;
Yo !!!!
Now Last Month that's in August 24, Price has closed above the EMA and hence I see a Buying Momentum in the Monthly chart,
Looking at the Promotor Holding of this company which is more than 90% only confirms my belief in the future growth of the company.
So we have an Overall Target Projection of Rs. 158.03 {Derived as per Fibonacci Extension}
Now Let's look at the other side the {downside/ stop loss/ risk against the reward}
UJJIVAN SFB LONGUJJIVAN SFB looks to be taking a support and might revert back to 60 levels where it used to trade, this would probably be done when interest rates are reduced which are not far now as we know. Once the stock reaches back to 60 levels, it would have completed a cup and handle pattern which upon breakout could possibly lead to larger targets!!
NSE:ASTRAL Ltd's -Abki bar breakout ke liye Tayar 🌋???NSE:ASTRAL
Astral Poly Technik Ltd: Pioneering the Indian Plumbing and Adhesive Industry
Established in 1996, Astral Poly Technik Ltd set out with a vision to manufacture pro-India plumbing and drainage systems. Over the years, it has expanded into the adhesive business, marking its territory across multiple domains.
Historical Milestones
Astral has emerged as a frontrunner in the CPVC pipes and fittings sector in India. It pioneered the introduction of lead-free PVC pipes in 2004 and brought lead-free uPVC column pipes to the market in 2012. The company's strategic move into the adhesives space occurred in 2014, with the acquisitions of Seal IT Services Limited (UK) and Resinova Chemie Limited (RCL).
Diverse Product Range
Astral's portfolio extends beyond pipes to include water tanks, faucets, sanitary ware, and paints. It boasts approximately 37 variants in its pipe and tank segment and about 23 in adhesives.
Revenue Breakdown
A) Piping Division: Contributing 73% to the company’s revenues, Astral offers an array of products for various systems, including fire sprinklers and industrial applications. The acquisition of Rex Polyextrusion added specialties like corrugated pipes and telecom line protection systems to its arsenal.
B) Adhesives Division: Accounting for 27% of revenues, this division offers products ranging from epoxy adhesives and sealants to construction chemicals and tapes.
Inorganic Growth and International Presence
Astral has spread its wings internationally, with manufacturing in 3 countries and exports to over 25. It generates around 8% of its revenue from international sales.
Manufacturing Excellence
The company's manufacturing footprint includes eight piping and water tank facilities in India and five adhesives plants globally. To optimize logistics costs, Astral strategically positions its facilities to serve different regions within India and has recently expanded to Bhubaneswar, Odisha.
Future Expansion
Astral plans to augment the capacity of its Bhubaneswar plant and is establishing new facilities in Guwahati, Hyderabad, and Kanpur. These are set to become operational between FY24 and FY25, with a planned annual capex of ₹300-350 crore funded through internal accruals.
Extensive Distribution Network
The company's robust distribution network features over 2,750 distributors and more than 1,93,000 dealers. With a strong foothold in West and South India, the piping business is expected to grow in the North and East with new facilities.
Strategic Raw Material Sourcing
The company predominantly imports CPVC resin from Sekisui Chemical and relies on domestic giants like Reliance Industries for PVC resins.
New Ventures
In the pursuit of diversification, Astral ventured into faucets and sanitary ware in October 2021, eyeing a market potential of ₹15,000 Cr. This division is led by Mr. Atul Sanghvi, the former CEO of CERA, who has since resigned effective from 30.10.23. In the paints category, Astral acquired a majority stake in Gem Paints Pvt Ltd, with further investments to consolidate its position.
Brand Visibility
Astral leverages brand endorsement through Bollywood icons and sports associations. It has partnered with celebrities like Ranveer Singh and Allu Arjun to enhance its market visibility, allocating 2-3% of its net sales for promotional endeavors.
Subsidiaries and Growth
The company oversees 9 subsidiaries as of FY23, with a footprint extending beyond Indian borders.
As Astral Poly Technik Ltd continues to build on its strengths and explore new markets, it stands as a testament to the potential of Indian manufacturing and the importance of strategic growth.
Source: Screener.in
Disc: Invested for long time , adding in anticipation of breakout this time - Abki bar breakout ke liye tayar