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Equitymaster delivers independent, unbiased research on the Indian stock market. Trusted by investors since 1996, we help you build long-term wealth with honest, actionable insights — straight to your phone. https://www.equitymaster.com
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Why Polyplex Corporation Share Price is Falling

Share price of high dividend yield stock, Polyplex Corporation plummeted 8% in a day. Find out why.

Polyplex Corp Stock Falls

Here’s an extract…

Polyplex Corporation, a prominent manufacturer of packaging film products, witnessed a sharp plunge of over 8% in its stock price on 24 May 2023.

The stock price has almost halved from its 52-week high of Rs 2,564.7, touched on 3 June 2022. So far, in 2023, the stock has already fallen over 12%.

Find out why…

http://www.eqtm.in/Ww79L
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Why HEG Share Price is Falling

HEG's share price took a sharp hit in the last two days. Find out what's dragging down the share price of India's largest graphite electrode company.

HEG Stock Falls

Here’s an extract…

HEG is among the leading graphite electrode manufacturer in India. The company owns one of the largest integrated graphite electrode plants in South–East Asia that processes sophisticated ultra-high power electrodes.

It’s share price was on an upward trend. However, the trend changed yesterday as it took a sharp hit of more than 7%.

Read to know why the upward trend changed for the stock.

http://www.eqtm.in/Gb64R
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CCL Products: A Multibagger in the Making?

CCL Products: Evolving from differentiated commodity player to FMCG brand.

http://www.eqtm.in/Hw73M
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Forwarded from Fast Profits Daily
Global markets bleed red as DowJones ends down 0.77%, DAX by 1.9% and HangSeng opens with 1% down.
SGX Nifty trades in contrast with gains of 80pts at 18,360.

The last hour bearish momentum weakens the bulls confidence on D-Street ahead on monthly expiry.

The range of 18,200-18,400 can be on cards for Nifty on expiry day.
Traders cab look to buy PE's around 18,370-18,400 zone and while dip to 18,229-18,200 can be an opportunity for long CE.

On BankNifty, the biased is bearish and likely we may break below the 43,400 zone. The major hurdle is placed at 44,100.

#SGXNifty
#PreMarket
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Forwarded from Fast Profits Daily
Nifty H&S Breakdown: Can it hit 18,140 on Expiry Day?

The Dow Jones broke down below the seven weeks low and the key psychological level of 33,000 while European markets are witnessing profit bookings. Will this impact Indian markets?

Nifty, on the short-term chart of 30mins we are witnessing the breakdown from the head and shoulders (H&S) pattern.

The H&S is a popular chart pattern to predict trend reversals in financial markets. A bearish pattern typically forms after an uptrend, indicating that the price may reverse and start a downtrend.

The neckline breakdown at 18,290 indicates the bearish signal. The height from the head to the neckline is 150 points, targeting 18,140.

On the derivative structure, the 18200PE holds an Open interest )OI) of 3.9L which may act as a support zone.

The H&S may negate above 18,356. Also, 18300CE holds an OI of 3.85L indicating the hurdle for bulls.

#Nifty
#ExpiryLevels
#KeepItSimple
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Stock Market Update - SGX Nifty Down 43 Points | Nykaa & Hindalco Q4 Results | Deepak Nitrite's Investment Plan | Top Buzzing Stocks Today

Top cues to track in today's stock market session.

http://www.eqtm.in/s8LEe
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How the US Debt Ceiling Will Impact the Stock Market

Will the US debt ceiling cause a crash in the Indian stock market? Find out…

US Debt Ceiling Crisis

Here’s an extract…

The financial news over the last few days has been dominated by one topic: The US debt ceiling.

But what is it really? And how does it impact the stock market?

In this editorial, we explore the issue and try to understand the impact this crisis can have on Indian stocks.

Read on…

http://www.eqtm.in/q7RXy
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Stock Market Update - Sensex Today Trades Flat | Tata Motors & Hindalco Top Losers | LIC Jumps 3% Post Strong Q4 Results

Indian share markets are trading on a flat with the Sensex down by 44 points, while the Nifty is trading lower by 30 points.

http://www.eqtm.in/Fm38B
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An Investing Idea for an Uncertain Market

If you invest in only large companies, you might be making a mistake.

Investing in an Uncertain Market

Here’s an extract…

You, as an investor, are navigating unknown waters, charting your way through competition, artificial intelligence, technology, changing consumer preferences, structural and adverse regulatory changes...and more.

You see, the list of the potentially disruptive waves, sharks and icebergs in the investing journeys is long.

This should not make you abandon the journey towards multibagger returns.

Read on for more...

http://www.eqtm.in/p2SZy
Can Bajaj Auto and TVS Motors Continue to Outperform

Bajaj Auto and TVS Motors soar to new highs. Will their dream run continue?

http://www.eqtm.in/Lo36F
Stock Market Update - Sensex Today Ends 98 Points Higher, Nifty Above 18,300 | Bajaj Auto, Bharti Airtel Among Top Gainers | Adani Enterprises & Zomato Up 3%

Indian share markets end on a positive note. The BSE Sensex rose 98 points while the Nifty ended higher by 36 points.

http://www.eqtm.in/e3JSs
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Why Hindalco Share Price is Falling

Share price of Hindalco slips 2% after Q4 results. Here’s what’s worrying the street.

Hindalco Stock Falls

Here’s an extract…

Hindalco Industries stock price extended it’s downward trajectory for a second day on Thursday, registering a decline of 1.5%.

The stock has been in retreat since hitting a nine-month high of Rs 504 on 18 January 2023. At present, the aluminium major is trading more than 20% below its January peak.

Read on to find out the factors behind Hindalco’s downtrend.

http://www.eqtm.in/Ej4z3
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Stock Market Update - SGX Nifty Down 49 Points | Page Industries & Suven Pharma Q4 Results | The latest on Ola Electric IPO | Top Buzzing Stocks Today

Top cues to track in today's stock market session.

http://www.eqtm.in/Nw3j5
Forwarded from Fast Profits Daily
Dow Jones end on a flat note after breaking the swing low of 33,000; IT and Banking stocks witness short covering rally in US.

SGXNifty is trading 44pts down to 18,422.

The last hour reversal in Indian markets signals the bulls are back in the game after retracement.

On Nifty, the 18,240-18,267 band will act as demand zone while 18,380-18,409 needs to be taken out for resumption of bullish momentum.

BankNifty, an intraday trap and short-covering by CE writer's in yesterday's expiry triggers the bullish momentum.
On the daily chart, the bullish meeting line candlestick pattern is visible indicates the bulls are in control of the trend.
The break of 43,734 will accelerate the bullish momentum towards 44,000.

IT stocks should be on your watchlist as IT Index is forming rising three candlestick pattern; confirmation on break of 29,300.

#SGXNifty
#Pre-Market
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Stock Market Update - Sensex Today Trades Higher | Vodafone Idea, Zee Entertainment Jumps 3% | Reliance & Tech Mahindra Top Gainers

Indian share markets are trading on a positive note with the Sensex trading 196 points higher, while the Nifty is trading higher by 54 points.

http://www.eqtm.in/Fn8k9
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What to Expect from Smallcaps this Year

It’s good to see small-cap stocks rising. Bit how long can the rally continue?

The Smallcap Rally in the Stock Market

Here’s an extract…

After the big sell off in March this year, many smallcaps have rebounded…and how.

The BSE smallcap index is now flirting with all-time highs. The upswing has been much higher, in specific smallcaps.

Well, that’s the nature of smallcaps. When the market’s sentiments are adverse, they take the hardest knocks. But when markets are upbeat, even the slightest nudge can send them soaring.

It’s good to see smallcaps rallying. But this comes with a sense of caution.

Read on to know more…

http://www.eqtm.in/y3C6B
Stock Market Update - Sensex Today Rallies 629 Points, Nifty Above 18,450 | MedPlus Health Surges 16% | 3 Reasons Why Indian Share Market is Rising

Indian share markets end on a positive note. The BSE Sensex rose 629 points while the Nifty ended higher by 178 points.

http://www.eqtm.in/Cs8c4
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Dolly Khanna Trims Stake in This Smallcap Chemical Stock

Here’s why the seasoned investor trimmed her stake in this chemical company for the third consecutive quarter.

Dolly Khanna Reduced Stake in a Smallcap

Here’s an extract…

Dolly Khanna is a Chennai-based investor known for picking lesser-known midcaps and smallcaps. She has been investing in stocks since 1996.

Dolly Khanna's portfolio, managed by her husband, Rajiv Khanna, is usually inclined towards more conventional stocks in manufacturing, textile, chemical, and sugar stocks.

According to recent data, Khanna exited one counter while trimming her stake in 10 counters during the quarter. The latest information from Trendlyne indicates that she further reduced her stake in another company on Friday.

Read on for more…

http://www.eqtm.in/z5B6K
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Why Page Industries Share Price is Failing

Here's why the multibagger's stock is down 10% in the last five days.

http://www.eqtm.in/n9Q4N
Forwarded from Fast Profits Daily
Nifty - Diamond Pattern Breakout 📈

I wanted to share an interesting technical analysis pattern that has caught my attention - the Diamond Pattern.
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Forwarded from Fast Profits Daily
What is the Diamond Pattern?

The Diamond Pattern, also known as the Diamond Top or Diamond Bottom, is a formation that resembles the shape of a diamond on a price chart. It consists of two converging trendlines, with price swings forming higher highs and lower lows, creating a diamond-like shape.

Identifying the Diamond Pattern:

To spot a Diamond Pattern, look for the following features:

1. Initial uptrend or downtrend.
2. Volatility decreases as the pattern develops.
3. Two trendlines, one connecting lower highs and the other connecting higher lows.
4. The pattern completes when the price breaks out in the opposite direction of the previous trend.

Interpretation and Trading Strategies:

When the Diamond Pattern occurs, it can suggest a potential trend reversal or continuation depending upon the breakout.

Traders often look for confirmation signals, such as a breakout above or below the pattern, along with increased volume.

📈 Diamond Top: If the pattern forms after an uptrend, it might indicate a bearish reversal. Traders may consider short-selling or exiting long positions.

📉 Diamond Bottom: When the pattern forms after a downtrend, it could signal a bullish reversal. Traders might look for buying opportunities or closing short positions.

Remember, technical analysis patterns should never be the sole basis for making trading decisions. Always combine them with other indicators and risk management strategies for a well-rounded approach.

💡 DISCLAIMER: This post is for informational purposes only and should not be considered financial advice. Always do your own research and consult with a professional before making any investment decisions.

Trade wisely and good luck! 📊💪💰

#DiamondPattern
#KeepItSimple #TechnicalAnalysis
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