Prasad_Chenchu

Prasad_Chenchu

Technicals: --> Price trading at support which was formed over 6 months period Fundamentals: --> Stock is trading at 12 times PE, 1.99 times PB, Earnings Yield @ 11.5% --> D/E - reduced to 0.30 during FY, EPS increased QOQ N YOY --> Approved Buyback of 3.74% of total paid up shares at Rs.450 --> Promoters Holding at 60% of overall shares, 25.25% of which is...

Prasad_Chenchu

Technicals: --> Seems that during July 2023, the price of the asset took support on the trendline which was formed back in May 2021. --> From that point on, the price moved to complete the cup and handle pattern and also broke out of the pattern. --> After breaking out, the price had retested the new support levels formed basis C&H pattern. Please suggest if any...

Prasad_Chenchu

TECHNICALS: ---BO FROM CUP & HANDLE PATTERN. Pattern started forming from 2016 and completed this week by providing a BO Fundamentals: 1) As per Moneycontrol: Appx 20% promoter stake. Of which 99% is pledged. 2) However, company's borrowings are at negligible level. 3) As per Trading View: Earnings yield, PE Ratio, ROE all are in negative. 4) But found OPM% for...

Prasad_Chenchu

Technicals Round bottom completed from 2018 to 2021 and a contracted round bottom also been completed from 2021 to 2023. Price is sustaining for 5th consecutive week above 6yrs high for 5th consecutive week. Please let know if any mistake or omission to enlighten myself in the process of learning

Prasad_Chenchu

TECHNICAL Breaking out of range formed from 2017-18 to till date Please highlight if any mistake or miss out so that i can enlighten myself in the process of learning

Prasad_Chenchu

Technicals Broken out of a range formed from 2019 to till date and currently retesting Please highlight if any mistake or miss out so that i can enlighten myself in the process of learning

Prasad_Chenchu

Technicals Broken out of range formed from 2017-18 to till date Fundamentals LOW PB & LOW PE & LOW D/E Please highlight if any mistake or miss out so that i can enlighten myself in the process of learning

Prasad_Chenchu

Technicals First round bottom has been completed in 3.5 yrs appx. and subsequently, a contracted round bottom has formed and about to complete Fundamentals Low PB, Low PE, Decent avg. earnings yield, D/E < 0.5 Please suggest if any miss out or any error to enlighten myself in the process of learning.

Prasad_Chenchu

Technicals Triangle pattern formed from the time of Covid has just given a Break out with strong Bullish candle Fundamentals Bank faced difficulty in recovery of its loans issued post Covid from Jan'21 and that was the primary reason for fall in its price Although there was a rating downgrade on Bank-NCD by an analytical company yesterday. As per my...

Prasad_Chenchu

On the Technicals, 1) First, small round bottom has been completed to hit the first target 2) Second, awaiting for BO from the First target line with Good candle post some consolidation 3) Third, Once BO happens then expecting it to hit the second target On the fundamentals, Stock is decent on majority of the aspects as of today. Please let know if there is any...

Prasad_Chenchu

On the technicals, 1) Stock price has been taking support at a Trendline formed over 4 continuous years 2) Inside candle formed in the Weekly Time Frame and price has managed to close above the 30 week moving average 3) Retracement at 0.5% of Fibanocci is on progress. (Fib levels measure from this year low) 4) Stop loss could be 4% with a target of 13% & above...

Prasad_Chenchu

On the Technicals, 1) During 2018, stock had reached its All time high and from thereon, it started declining and took 3.6 yrs (appx) to reach ATH again (formed U shape pattern) 2) And a Distribution range from ATH was formed for another 8 - 9 months till Feb'22 just to break down 3) Following that, price started accumulating from Mar'22 to Jul'23 and had given a...

Prasad_Chenchu

1) Price had broken out from a contracting range formed from 2020 to 2023 2) Following that, a double bottom was formed above the earlier range 3) So expecting to consolidate and move up towards All Time High by completing U shape pattern 4) But keeping SL is tricky and required a minimum SL up to 10.5% and maximum of 21% Please share if any other views for...

Prasad_Chenchu

1) Break out from a contracting Wedge Pattern formed from 2018 2) On the shorter Time frame, break out from a Cup & Handle pattern

Prasad_Chenchu

1) Multiple Inside Bars formed from 1st week of July 2) Bouncing from Trendline (which was formed over 66 weeks) 3) Stop Loss could be around 3.5% to 5%

Prasad_Chenchu Updated 

I expect price to hit first target of Rs.532 and with a SL below trend line drawn on 09092023

Prasad_Chenchu

Price has been tested around 0.5 Fibannocci levels and if it closes today strongly and i target it to the trendline drawn on 21062023 in the given chart. However, stock has got a high PB and PE ratio. Please provide your views if anything which i might have missed out.

Prasad_Chenchu

Pattern is repeating for the third time and am considering to enter post a clear and strong break out but yet to do a complete review of fundamentals