Technical Research Report on IFCI by City Equity Research IFCI: Industrial Finance Corporation of India. CMP Rs 23, Target Price 32 – 37 – 44, Stop loss Rs 9. Holding Period Minimum 8 – 14 Months. Penny Share High Risky, So Invest as per your risk profile. On Monthly Chart there are Multiple Types of Breakouts in IFCI, that is for long term purpose, don’t invest for short term quick money. 1. Breakout as per…
Nifty IT & its major constituents are the major losers of Dalal street in last 1 year. Last 1 month there was good rally but all these rally are not able to break major FIBO Mark. Some are so weak that they are not able to rally & trading at lower levels of last 1 year. Generally if we talk about bear market then these bear market can stretch upto 2-3 years easily, With the…
Last 20 Months Full of Bear Market in Midcap and Small cap Index. But now things are changing, Sign of Reversal is Just Just Near. But Don’t expect huge rally in short term, Slow process but worth of taking risk. This information also for those who are holding Midcap and Small cap Mutual funds to continue to Hold, Rally to start soon. Bull & Bear Market gets divide into 3 parts, so if we check…
Auto companies recently had a very good rally, They confirmed the Bottom formation as per the system and now All are near crucial Resistance, once they clear the resistance level then minimum 5-8% upside possible in quick time. Nifty Auto Index : Formation Inverse Head & Shoulder Charts & Morning Star on Monthly Charts. Tata Motors : Formation Inverse Head & Shoulder on Daily Charts & Morning Star on Monthly Charts. TVS Motors : Formation…
Dollar Index and Emerging Market have Inverse Relation between them, If one goes up then other will go down, and this movement will affect many emerging Markets of world. Right Now Dollar Index in Stage of Top Reversal Pattern, So if that get confirmed then Dollar Index will go down & Emerging Market Index rally will be there soon. The U.S. Dollar Index is an index (or measure) of the value of the United States…
An Interesting setup going in Hindalco. Every-time when it Breakdown from Symmetrical Triangle, then It move minimum 16%, So recently again there was a Breakdown from Same pattern on 30th July, As per the setup it would touch 160 on or before 16th September 2019. See this is not a technical thing, but interesting, just time pass and when Time pass giving your profit then why not to grab that, And same my system alerting…
HDFC Bank 1QFY 2020 Results HDFC Bank is India’s largest private sector bank with 5,130 banking outlet across 2,764 cities (as on June 30, 2019) and offers a range of banking services viz. commercial, investment banking, retail banking and financial services. Consolidated Basis Results Operating Performance: Strong growth in Net Interest Income (NII) by +22.8%/Rs. 14,199.3 crs, on a Y-o-Y basis mainly driven due to growth in the loan book (essentially assets for the Banks)…
On a consolidated basis Q-o-Q basis: RIL clocked a revenue growth of +12.2%/of Rs. 172,956 crore , led by growth in revenue of: +15.8% from the refining business : Higher volumes despite lower Gross Refinery margins (GRM’s) of $8.1/barell; which is lowest in 18 quarters vs. $8.2/barell in 4QFY19 (GRMS;’s stood at $10/barell in 1Q FY19) contributed to the growth in the overall revenue. The street was disappointed as the street expected $8.5/barell. +9.6% from…
Domestic Market View Yesterday RBI cut rates by .25 BPS, a very good move by RBI, but surprisingly RBI forgot or tried to avoid commenting about NBFC mess. That’s why Market sold off Heavily. Market always need a clear picture of Mess which is there in the Economy, but Governor forgot to specifically talk about liquidity measures. First IL&FS default and now DHFL is near Do or die situation. This is a clear indication a…
A surprise in election result then VIX will touch 33-38 levels, Nifty will try to touch 12300-12500 levels before election result. Everyone is factoring BJP win on 23rd May, But what if about Congress win? A surprise in these kind of events will create more volatility in market and in this case VIX will touch 33-38 levels. Buy on rumors and Sell on news The rally which is going on, is till election result only.…