A PSU bank, multi year breakout, can it multiply your profits?A sector that has woken up in recent years.
A bank which is still trading at fair value to its growth backed by positive earnings release
Technical chart looks good for a buy setup at CMP. DMI indicates bullish strength and Fibonacci retracement shows the stock having good support at 116 levels
Union Bank is my pick of the PSU banks for a medium to long-term horizon.
Entry - 140-142
Stop Loss - 116
Target 220/270
Stockstobuy
Good Setup spotted in Burger King India!"Restaurant Brands Asia Limited" earlier known as "Burger King India" is currently showing a good setup and an upside potential of 45% from CMP.
The stock had rallied nearly 60% between March-Sep 2023. This very rise was impulsive in nature and therefore labeled as wave 1 on the chart. Between Sep-Dec the stock went through a triple three correction(WXYXZ) and retraced nearly 50% of the impulse. This retracement was in fact was the wave 2.
The stock currently is in Wave 3 structure and could rally towards INR 190 mark.
On the downside the swing low of 118.1 becomes a crucial structural support for the stock and could be used as a "SL".
NVIDIA / TECHNİCAL ANALYSIS / 4H As long as the trend line remains unbroken and there are candlestick closures above the support zone of 506-487, there should be no issues with buying.
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SHREEDIGICEM - Poised for a 10-15% upmove from cmp.The stock is breaking out of 2 year old consolidation, once can expect 40-50% ROI in short to mid term.
For Swing trade, one may look to enter at current price and trail profits post 114, 14-15% ROI.
The stock is in uptrend in all higher timeframes. The stock is clearly indicating cup and handle pattern in weekly.
Tata Comm to move like OFSS?Tata Communications has posted fast revenue growth in the latest earnings release. OFSS moved up 28% in a single day after stellar results.
Tata Communications has consolidated in this range for a while and looks good to move up from here if it crosses today's high price. DMI also looks bullish
Entry - Above 1800
Stop Loss - 1680
Target - 1960
ITI for Swing/Positional ViewITI Prediction for Swing/ Posional Trading
First trendline breakout at Entry 1 level. You can entry at Entry 1 level above 125.5 but there is a resistance 132-134 level. You can enter in trade at Entry 2 level above 134 close daily basis or you can entry at any of the above levels according to your experience.
SLs- 122,118,112( according to your entry and RRR)
Targets- 144,165,197,250,…
Intermediate Targets- 140,155,176,187,208,219,229,240,260,…
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Can anyone tell me which chat patterns are shown up here?
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
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About ITI -
ITI Ltd. engages in the business of manufacturing, trading, and servicing of telecommunications equipment and rendering other associated and ancillary services. It offers telecom products and total solutions covering the whole spectrum of switching, transmission, access, and subscriber premises equipment. The company was founded in 1948 and is headquartered in Bangalore, India.
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BSE still has potential upside?After a fantastic run in a short period, BSE has been consolidating between the range of 2200-2300. In the last trading session's close, the price has taken support at the crucial level of 78.6% retracement. A high above today's close with volume support can take the stock back to its previous high of 2582
Entry - 2320
Stop Loss - 2210
Target - 2580
Value Investing: STOCKS to watch in 2024Hi Traders, Investors and Speculators of Charts📈📉
Welcome to 2024🥂🥳
After great feedback from the altcoin list, I'll be doing a series on top stocks to watch for 2024, all in one post for your convenience!
Stocks I'll focus on include:
📢 Undervalued stocks
📢 Stocks with great upside potential
📢 New stocks to watch
I'll keep adding/updating one by one to the bottom of this post, so make sure you bookmark and follow!
1) AMEX:PSIL
The AdvisorShares Psychedelics ETF (NYSE ticker: PSIL) invests in the emerging psychedelic drugs sector, offering exposure to those biotechnology, pharmaceutical and life sciences companies we see as leading the way in this nascent industry.
NAVKAR CORP - SWING TRADE IDEA - 15-20% ROI.Stock is in uptrend in all the Higher time frames, bullish flag breakout and consolidation and then BO is seen.
The stock is poised for an up move of 15% from current market price.
One may consider entry at CMP - 110 , target supply zones at 121, 125, 133, 137 zones.
Seshasayee Paper Board - Short Term Idea, 25-30% ROI.The stock is in strong uptrend in all larger time frames. Poised for a daily breakout - part of Monthly reversal.
Monthly - Strong buying candle seen in September, which could not be defeated by sellers in Oct and Nov and Dec shows a hammer, which is a sign of reversal. All being inside candles.
One can enter at current market price and hold for target of 530 in the short term.
For swing immediate 10% upside is seen, target at 415-420.
Happiest Minds (NSE: HAPPSTMNDS) // Going Bullishwww.tradingview.com
HAPPSTMNDS : After a great fall and making 52w low, this is currently trying to exit from consolidation phase. One can look for medium to long term buy by keeping the StopLoss at 890, the first target can be 960 and then the next target will be 1015 and then 1120. These are immediate targets. The final target will be 1490. One can start with low volume and gradully keep increasing that.