Union Bank poised at C&H formation breakout,support 91-86.Keep an eye

#Canara Bank some facts:
📌Book Value 430( a few years ago BV was 500-600)
📌Total Branches 10500 and Mcap 66k cr vs SBI having total branches 22200 and Mcap 5.34 lac cr(see the undervaluation)
📌Bank of Baroda 8100 branches and Mcap 1.09 lac cr
📌FY 21 profit was 2950 cr and FY 23 profit 11350 cr,stock price doubled but profits tripled

#Sandur Manganese hits 725 to 1675++ till now up 130%++ in just 11 months.Stock shared right at medium term bottom reversal,low was 655.Pin point entry as usual.Prudent to take ⅔ profits home as stock is near ATH supply zone.Hope all enjoyed and made big money in it💥💥🚀🚀
#AnalysisThatMatters
(Now many will ask you to buy as near breakout,but that's not how we play cyclicals.Don't get trapped)

BCL Industries price volume breakout from INHS pattern formation,support 525-510.Keep an eye
📌It's one of the largest agro processing company
📌40% revenue comes from distillery for liquor
📌In the distillery segment, the co has a long-standing relationship with key clients, like Pernod Ricard, Radico Khaitan, Punjab Chemicals and Crop protection ltd, Wonder healthcare etc
📌BCL plans to expand the total group distillery capacity to 850 KLPD by FY25

Silver near short term channel support zone,support 71750-70950.Bullish momentum above 72945.Commodities traders/ETF investors can keep an eye

Change in undercurrent or normal cool off going on🇮🇳

This whole upmove from March to September has seen consecutive gap up and follow through with closing at highs,but this time it has seen gap down and follow through with closing at lows🚨

✡️Nifty closed below 20 DMA and stop reverse level. Crossed previous high but divergence visible
✡️Bank Nifty closed below 20/50 DMA both and stop reverse level. Couldn't cross previous high

✡️Nifty 11 lacs OI change in last 2-3 days. Aggressive long unwinding

✡️Bank nifty 4 lacs OI change in last 2 days. Short build up

Key levels for short term:
Nifty
Support 19634-19575-19491
Resistance
19886-19947-20045

Bank nifty
Support 44230-43915-43725
Resistance
44931-45097-45459

Stock of the week(Dark Horse):
IFCI Ltd price volume breakout above decade slop,support 21-19.This week's volume spurt 10x with highest weekly vol since 2007 and delivery up 4x.What's cooking?
(Fundamentally only silver lining is that it may report lowest loss in last 5 years.Please do own due diligence)

Jindal Photo cmp 571 looks good on dips ,support 515-475-431. Long term price volume set up.Keep an eye

📌PE 4
📌Book Value 1934
📌Debt free
📌ROE 9
📌Profit CAGR 271%,Sales CAGR 293% in last 3 years

🔥Promoter tried to delist by reverse book building but min no of shares weren't tendered.Cheapest holding company available

Akzo Nobel nearing support zone on dips,support 2450-2345.Corrective consolidation with lower volume.Keep an eye
📌PE 31 vs 60 Industry
📌Debt free
📌ROE 26
📌ROCE 34
📌Dividend 2.50%
📌Promoter stake 74.8%(MNC company,No pledge)