Stockstowatch
Bandhan bank trying to break it's bondages (bandhans)Bandhan Bank Ltd. is a banking and financial services company present in 35 out of 36 states and union territories of India, with 6,140 banking outlets and 3.07 crore customers. The Bank provides range of personal, business and NRI banking facilities.
Bandhan Bank CMP is 243.40. The Negative aspects of the company are declining cash from operations annual and MFs are decreasing stake. The Positive aspects of the company are improving annual net profits, low debt, FIIs are increasing stake and zero promoter pledge.
Entry after closing above 247. Targets in the stock will be 255 and 273. Long term targets in the stock will be 291 and 314. Stop loss in the stock should be maintained at closing below 182.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Hi-Tech Pipes breaks out with high volumeHi-Tech Pipes Ltd is a leading manufacturer and supplier of ERW (Electric Resistance Welding) Pipes. The company specialize in Steel Pipes and Tubes for a variety of industries, such as Infrastructure, Telecommunications, Defence, Railroads and many more.
Hi-Tech Pipes CMP is 80.50, The Negative aspects of the company are declining annual net profits, declining cash from operations annual and promoter holding decreasing. The Positive aspects of the company is low debt.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Entry after closing above 80.75. Targets in the stock will be 84.90 and 88.60. Long term targets in the stock will be 95 and 99.15. Stop loss in the stock should be maintained at closing below 72.80.
Nuvoco looking for a new breakoutNuvoco Vistas Corporation Ltd. is the part of India’s leading business conglomerate “Nirma Group”. It is the fifth-largest cement group in India and the leading cement player in East India, in terms of capacity. The company have a business in cement, ready-made concrete and modern building material.
Nuvoco Vistas Corporation CMP is 356.05. The Negative aspects of the company are extremely expensive valuation and FIIs are decreasing stake. The Positive aspects of the company are improving cash from operations annual, low debt, MFs are increasing stake and zero promoter pledge.
Entry after closing above 359. Targets in the stock will be 376 and 388. Long term targets in the stock will be 396 and 408. Stop loss in the stock should be maintained at closing below 335.
Siyaram Silk may ShineSiyaram Silk Mills Ltd. is a textile company having twelve manufacturing plants across Tarapur, Daman, Amravati and Silvassa. They are mainly in the business of quality fabric and clothing. They have recently ventured into house furnishing fabrics and yarn. The company have 800+ distributors in more than 30 countries including Abu Dabhi, Canada, Australia and much more. Siyaram Silk Mills CMP is 540.75.
The Negative aspects of the company is MFs are decreasing stake. The Positive aspect of the company are improving annual net profits, improving cash from operations annual, no debt, FIIs are increasing stake and zero promoter pledge.
Entry after closing above 551. Targets in the stock will be 564 and 584. Long term targets in the stock will be 615 and 644. Stop loss in the stock should be maintained at closing below 500.
Bajaj Electricals Buzzing AgainBajaj Electricals is the part of India’s leading business conglomerate the Bajaj Group. The company portfolio spans consumer products, lightning and EPC. The company has an expansive network of 18 branch offices, 600+ distributors, and more than 2.3 lakh retail outlets across India. Bajaj Electricals CMP is 1177.60.
The Negative aspects of the company are high valuation (P.E. = 64.4), declining cash from operations annual, FIIs are decreasing stake and MFs are decreasing stake. The Positive aspects of the company are improving annual net profits and no debt.
Entry after closing above 1206. Targets in the stock will be 1274 and 1329. Long term targets in the stock will be 1382 and 1400+. Stop loss in the stock should be maintained at closing below 1037.
Disclaimer: I am a NISM certified Research Analyst but have not registered for SEBI authorization. The purpose of sharing the views is purely educational in nature for paper trading only and for analysis. We will not be responsible for any profit or loss of any individual or institution which takes position based on our analysis.
Maithan in a Mood to March Forward.
Maithan Alloys Ltd is among India’s leading manufacturers and exporters of niche value-added Manganese alloys. The company prime products include Ferro Manganese, Silicon Manganese and Ferro Silicon. It has a global presence with customers like SAIL, Tata Steel and Jindal Steel & Power. Maithan Alloys CMP is 1070.35.
The Negative aspects of the company is declining annual net profits. The Positive aspects of the company are improving cash from operations annual, no debt, FIIs are increasing stake and zero promoter pledge.
Entry after closing above 1077. Targets in the stock will be 1122 and 1170. Long term targets in the stock will be 1207 and 1271. Stop loss in the stock should be maintained at closing below 968.
(Disclaimer: I am a NISM certified Research Analyst but have not registered for SEBI authorization. The purpose of sharing the views is purely educational in nature for paper trading only. We will not be responsible for any profit or loss of any individual or institution which takes position based on our analysis.)
Ibulhsgfin buying opportunityA favorable risk-to-reward ratio opportunity can be seen in this stock which is nearing a breakout from flag pattern with increasing volume support.
Buy Entry - Above 175
Target - 205
Stop Loss - 163
Asahi Songwon Colours looking to add a positive vibe. Asahi Songwon Colors Ltd. is a leading player in the Indian Pigment industry. The company's principal manufacturing facilities Vadodara, produce CPC Blue Crude and Beta Blue pigment which have an installed capacity of 11400 tonnes per annum.
Asahi Songwon Colors CMP is 242.10. The Negative aspects of the company are high valuation (-P.E. = 13.5) and declining annual net profits. The positive aspects of the company are low debt, improving cash from operations and zero promoter pledge.
Entry can be taken after closing above 249. Compounding can be done after closing above 261Targets in the stock will be 271 and 282. Long term target in the stock will be 297. Stop loss in the stock should be maintained at closing below 220.
IGPL looking to break the trend. IG Petrochemicals Ltd. is the largest producer of Phthalic Anhydride (PAN), Maleic Anhydride (MA), Benzoic Acid (BA) and Diethyl Phthalate (DEP) which have application in lubricant oil additives, water treatment, perfume, paint and many more. IG Petrochemicals CMP is 502.50.
The Negative aspects of the company are declining annual net profits and MFs are decreasing stake. The Positive aspects of the company are no debt, improving cash from operations annual, FIIs are increasing stake and zero promoter pledge.
Entry can be taken after closing above 513. Targets in the stock will be 528 and 542. Long term target in the stock will be 559 and 578. Stop loss in the stock should be maintained at closing below 469.
ACL.N0000Buy Zone - 65 to 71
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
JD Options Ahead of EarningsAnalyzing the options chain and the chart patterns of JD prior to the earnings report this week,
I would consider purchasing the 37.50usd strike price Puts with
an expiration date of 2023-8-18,
for a premium of approximately $1.99.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ONON Possible bullish breakI am currently watching Swiss shoe maker company called On Holding AG, ticker ONON. The price action of the stock is forming one of my favorite patterns, Cup with Handle.
Things to consider:
1. My first buy point is sitting just below current price level, at $33.67 price.
2. Once I enter this position, my stop loss will be set at $30.30 level, just below 50MA.
3. Additional buying for the stock will be done once the previous high is broken, sitting around $34.4-34.8 price level, which is acting as resistance at the moment.
4. Ultimate price goal for this stock would be the first high after IPO, price around $40, if price action is bullish and I see a healthy uptrend, I will surely continue holding this stock.
Of course, as always, this is my personal opinion. Please do your due diligence before investing.