BEST STOCK TIPS FOR TODAY:4th DECEMBER(TUESDAY)

dr LAL PATH LABBEST STOCK TIPS FOR TODAY:4th DECEMBER(TUESDAY)

BUY LAL PATH LAB ABOVE 916 TARGET 950-1010 WITH SL 875 TOTAL 1000 SHARES

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MONTHLY REPORT ON ESCORTS: 1st DECEMBER(SATURDAY)

FUNDAMENTAL ANALYSYS

Escorts standalone net profit rises 32.47% in the September 2018 quarter

Net profit of Escorts rose 32.47% to Rs 102.74 crore in the quarter ended September 2018 as against Rs 77.56 crore during the previous quarter ended September 2017. Sales rose 15.41% to Rs 1398.36 crore in the quarter ended September 2018 as against Rs 1211.69 crore during the previous quarter ended September 2017.

Escorts tractor sales jump 29% in October

Escorts Agri Machinery Segment sold 13,140* tractors in October 2018, registering a growth of 28.8% against 10,205 tractors sold in October 2017.

Total sales in October 2018 included domestic sales of 12,867 tractors and export of 273 tractors, higher by 28.7% and 33.8% respectively over October 2017.

In October 2018, sales to Nepal and Bhutan has been included in export which was earlier reported in domestic

ON 20TH NOV, Escorts announced that CRISIL has assigned the rating CRISIL A1+ in respect of Commercial Paper Programme of Rs 100 crore of the Company.

LAST 4 QUARTER PERFOMANCE BY COMPANY

 

ALL FIG IN CR. DEC 17 MAR 18 JUNE 18 SEPT 18
SALES 1205.03 1436.10 1511.29 1398.36
OTHER INCOME 8.20 22.56 16.98 22.12
OPERATING PROFIT 145.03 173.75 185.54 157.49
TAXATION 37.49 58.65 59.52 51.62
NET PROFIT/LOSS 91.98 112.54 120.70 102.74

 

 

 

Fundamentals
Market cap 8635 cr
Face value Rs. 10.00
Book value Rs. 181
52 Week H/L Rs. 1017.70/ 541
Dividend Payout 20%
Listed at NSE/BSE
P/E Ratio 24.88
Industry P/E Ratio 21.90
Website www.escortsgroup.com

TECHNICAL ANALYSYS

Stock has enjoyed its bull run from mid of June 2016 where it has started its bull run from the level of 175 and made its all time high of 1017.70 on 2nd MAY 2018 and after that it has been in correction face and till OCT 2018 it has corrected up to 61.80% of Fibonacci retracement level.

 After taking support of Fibonacci retracement level, stock has formed double bottom price pattern on daily chart and breakout of the pattern is above the level of 650 which stock has given on 1st Nov 2018 and after that stock has been trading in a consolidation move and trade in a narrow range for almost all of NOV 2018 but on last day of the month stock has given breakout of the consolidation range and also closed above the range breakout level.

 On weekly chart,

  • RSI is currently at 45.70 levels.
  • MACD is converging to give bullish crossover on weekly chart
  • +DI is above the ADX line and –DI is below the ADX line showing buying movement will likely to continue in coming trading session.
  • Momentum oscillator is also in the favor of bulls

From the above evidence, we conclude that stock may move up above the level of 710 and it may test 760-820 levels in the month of December with a stop loss below 640 levels

 Monthly Support and Resistance level

Resistance 1- 710              Support 1- 650

Resistance 2- 770               Support 2- 585

Resistance 3- 850                Support 3-540

 

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BEST TRADING TIPS FOR TODAY: 22nd NOVEMBER(THURSDAY)

BEST TRADING TIPS FOR TODAY: 22nd NOVEMBER(THURSDAY)BEST TRADING TIPS FOR TODAY: 22nd NOVEMBER(THURSDAY)

BUY IRB ABOVE 144.70 TARGET 146.50 WITH SL 142

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FUTURE TRADING TIPS FOR TOMORROW: 21st NOVEMBER (WEDNESDAY)

dlf future call After crossing the day high of Rs.175.35 at falling as low as Rs.169.90 through the day, one stock of DLF Ltd. was observed to be priced at Rs.174.
With the volume weighted average price being Rs.173.36 , the total traded volume was observed to be 2,785,662 stocks.
The bid price was Rs.171 for 2637 stocks

FUTURE TRADING TIPS FOR TOMORROW : 21st NOVEMBER (WEDNESDAY)

BUY DLF FUTURE 176 TARGET 178-180 WITH SL 173.80

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BEST STOCK FUTURE TIPS FOR RBL: 19th NOVEMBER (MONDAY)

RBL Bank Ltd. was incorporated in the year 14-06-1943. Its today’s share price is 557.75. Its current market capitalisation stands at Rs 23721.65 Cr. In the latest quarter, company has reported Gross Sales of Rs. 45075.66 Cr and Total Income of Rs.55757.54 Cr. The company’s management includes Vinay Tripathi, Ishan Raina, Palepu Sudhir Rao, Jairaj Purandare, Rama Bijapurkar, Sivanandhan Dhanushkodi, Prakash Chandra, Rajeev Ahuja, Vishwavir Ahuja. It is listed on the BSE with a BSE Code of 540065 , NSE with an NSE Symbol of RBLBANK and ISIN of INE976G01028. It’s Registered office is at 1st Lane,Shahupuri, Kolhapur-416001, Maharashtra. Their Registrars are ACC Ltd. It’s auditors are BSR & Co LLP, SR Batliboi & Co LLP

BUY RBL BANK FUTURE ABOVE 562 TARGET 567-572 WITH SL 557

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BEST STOCK FUTURE TIPS FOR TOMORROW : 2nd NOVEMBER (FRIDAY)

As we suggested in our last commentary Nifty future can test 10400-10450 only if it sustains above 10300 level and now Nifty future may test 10600-10700 levels in next few trading days with a support of 10300 levels. But we may see low volatility in the market due to diwali vacation next week. Few sectors like paper,reality and banking are performing well and we may see further bullish movement in the sector. We suggest you to adopt buying on dips strategy and remain bullish in the market

BEST STOCK FUTURE TIPS FOR TOMORROW : 2nd NOVEMBER (FRIDAY)

BUY ICICI PRUDENTIAL FUTURE ABOVE 348 TARGET 352-357 WITH SL 343

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BEST STOCK TRADING TIPS FOR TOMORROW :31th OCTOBER (WEDNESDAY)

Sideways movement remain in the market as Nifty and Bank Nifty future closed in red today but we had seen strong rally in PSU Banks and IT stocks.

Nifty future made a of 10315 today but cannot sustain at higher levels which forces Nifty future to close in red today but market may resume its bullish trend only above if it sustains 10300 levels which is very crucial and on the down side it is sustain below 10200 level then market may remain under pressure and it can again test 10100-10070 levels soon.

Today market was highly volatile it we talk about stock specific movement and it may remain volatile tomorrow as well and there are stock specific opportunities in the market which can give you high return and for that you have to follow the trend of the market and stock.

BEST STOCK TRADING TIPS FOR TOMORROW :31th OCTOBER (WEDNESDAY)

BUY MCDOWELL FUTURE ABOVE 565 TARGET 569-574 WITH SL 559.50
BUY SELAN ABOVE 230 TARGET 234-238 WITH SL 225

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BUY TODAY SELL TOMORROW TIPS : 25th OCTOBER (THURSDAY)

BUY TODAY SELL TOMORROW TIPS : 25th OCTOBER (THURSDAY)

BTST CALL: BUY NAUKRI ABOVE 1600 TARGET 1630-1650 WITH SL 1568

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MARKET OVERVIEW : 24th OCTOBER (WEDNESDAY)

STAY BULLISH

Tomorrow might the important day that most of investors are waiting for. After falling below its crucial support level of 10100 bulls have taken charge in Index and pull Nifty future back towards 10180 levels in the last hour today which shown sign of positivity for bulls as bears couldn’t hold Nifty future at lower levels and finally lost its momentum to bulls.

  • On daily chart Nifty future has formed spinning top candlestick pattern after open gap down today which is trend reversal in nature
  • RSI has shown bullish divergence on charts which is positive signal for index
  • Nifty future is in the formation of double bottom price pattern which is another positive for index

In last 3 trading session we had seen that Bank Nifty future has not fall as much as Nifty future and whenever market shown recovery then Bank Nifty future has recovered fast as compare to Nifty future.

Bears are losing their hand and this is an opportunity for investors and traders. Risk reward ratio is in our favor at current scenario. This is the time to accumulate quality stocks.

24500 and 10100 is very crucial support level for both Bank Nifty future and Nifty future on closing basis and if Nifty future manages to sustain beyond 10290 levels then we might see Nifty future trading 10600 and Bank Nifty future at 26000 level soon.

 

      INDEX SNAPSHOT

INDEX OPEN HIGH LOW CLOSE
NIFTY FUTURE 10160.00 10216.20 10092.55 10231.95
BANK NIFTY FUTURE 24799.80 25069.90 24770.00 25031.25

MARKET OVERVIEW : 24th OCTOBER (WEDNESDAY)

BUY SBI LIFE ABOVE 585 TARGET 593-600 WITH SL 577

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FUTURE BTST CALL TIPS :23rd OCTOBER

FUTURE BTST CALL TIPS TIPS :23rd OCTOBER

FUTURE BTST CALL: BUY BAJAJ AUTO AT CMP 2587 TARGET 2620 WITH SL 2565 TOTAL 2 LOTS

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BUY TODAY SELL TOMORROW TIPS

Gati

Gati has been trading in down trend from last 2 months and now it has made head and shoulder price pattern which is reversal in nature and after breakout stock retested its breakout level and sustaining above breakout level, this is an opportunity to add gati in your portfolio.

BUY TODAY SELL TOMORROW TIPS

BUY GATI ABOVE 80 TARGET 84-88 WITH SL 75 TOTAL 5000 SHARES

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