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Driven by Fundamentals and Leveraging Technicals.

All post are Only For Study & Educational Purpose.consult you Financial Advisor Before Investing or taking any position.
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GUJARAT ALKALI BULK DEAL ( NSE )

Yesterday

MERIDIAN CHEM BOND PRIVATE LIMITED Bought 5,35,528 Shares @ ₹ 831.23/Share
An observation
Just For Information


Last 2 rallies 16420 to 18350 &
15671 to 18115 lasted for 4-5 weeks

This is the longest rally so far finished 8 weeks and still going on from 15183 to 17940

Undertone is very strong.

We are not going back to 15200 zone

All roads are 🚫 blocked for bears technically to make new low

17500 would act as strong support 💪 zone for Nifty Now

Once we closed above 18100 zone

Market would start sensing for New High

Diwali or before Dec we can see new high if 18100 & 18375 are taken out with volumes.

Selected stocks would only perform in this Rally

I.T trying hard for making a come back
🔅Technically NIFTY Daily RSI @ 83.85

🔅3rd highest closing since 2008.

🔅An overbought RSI doesn't mean sell everything but Indicates a caution on fresh buying & trailing strict Sl for longs.

🔅Would avoid fresh buying until we consolidate or a pullback comes as 1 way move is unsustainable.

🔅Markets can't move one way need consolidation to get strength for next leg of Rally
Wealthcreatures.com
NIFTY REACHING ATH 18521 AND ALSO OUR FAIR VALUE KEEP BOOKING PROFITS AS PER RISK MARKETS NATURE Full Teji se Full Mandi & Vice Versa..... We are concentrating on Stock Specific Action where Q2 numbers are good and commentry is good would OUTPERFORM…
For Information which can Help to understand Markets

❇️ Nifty was under correction since Mid of October'21 since we updated

❇️ Aft any major correction there are 2 phases

❇️ In the first phase - Large cap stocks move Especially Nifty 50 ones

❇️ Then in the second phase, Nifty50 & its stocks consolidate and then money starts to flow in Midcap & Smallcaps.
EU says, it is studying Iran's response to a proposed blueprint for reviving 2015 nuclear deal & consulting with US on a way ahead for protracted talks.

Should this happen, will lead to lifting US sanctions on Iran oil exports.

More pain for crude & more gain for markets.
Ethanol theme to catch up soon
Wealthcreatures.com
AWL Today's Low - 580 Support @ 550 Once crossed & closed Above 616 can see momentum back in Action 🎬
AWL

ON RADAR

Cmp - 720

The Day It would come out of ASM

We can see Big Upnove

It's too long since it's in ASM & 5% Circuit filter
Markets
Refuses to go 🔽

FOMO
Getting 💪 STRONGER & HIGHER 😄
No words are Enough to Celebrate the Power of flute & its Kindess on its bhakt.

Happy Janmashtami
Few stock on Radar in this Fall

Jubilant foodworks ( Domino Pizza)

Cmp - 599

Support@ 580/560

Would love add on dips & near support zone

Possible Test Levels- 650/675/700/750+

S/L - 545 on cbsl or As per Risk
On Radar

MFL

Cmp - 1451

Support @ 1440/1425

Swing Trade

T1 - 1500
T2 - 1520
T3 - 1555+

Small s/L - 1419 on cbsl or As per Risk

TF - 1 To 3 week
Hazoor Multi Projects

Cmp - 68.35

Market cap - 66cr

Q1FY23 Sales - 203 cr vs Q4FY22 Sales - 89 cr

TTM Sales - 304 cr

Posted Q1 Net Profit of 6 cr

Received order in July 2022, worth 220 cr which is yet to be executed.

As on Jan 31 2022, Hazoor Multi Projects had an unexecuted order book of 324 cr

Out of 1030 cr order book, 300 cr worth orders stands to be executed as per the sales figures of Q4 & Q1

Going forward in Q2 and Q3, the pending 700 cr order book will also get executed, which will lead to a huge growth in earning

From Feb 22 till date, the company received orders worth 707 cr cumulatively (as per the press releases on bse website)

So TOTAL ORDER BOOK is 1030 cr VS MARKET CAP of 66 cr

Trading Cheap valuation very attractive

Disc - All views expressed are personal & only for educational and study purpose. Consult your financial advisor before investing or taking any position based on above article.