Stock to watch for 16-NOV-2017

KAYA

The stock is sustaining above support level which is (830-840). Hammer candlestick pattern has been formed on 2 hourly chart and also MACD had also given upward crossover and RSI is at 40.86.
We recommended traders to buy KAYA above 855 level and target of 865-880 may achieved with a stop loss of 840.
kaya

SOBHA

SOBHA is in buying trend and also consolidating around higher levels. Trend line will be considered above 522 levels. Macd had also given upward crossover in 4 hourly chart and RSI is at 57.99 level.
We recommend traders to buy SOBHA above 522 and a target of 529-540 may achieved with a stop loss of 515.
sobha
To Get More Daily Market Updates & News Visit –  www.marketmagnify.comor Miss call @7879881122

Stock to watch for 15th NOV

GNFC

The stock has made all time high on 24 Oct 2017 and since then corrected to the level of 423 and now stock has taken support of 38.2% Fibonacci retracement support level and also formed resistance around 450-452 zone.

We recommended traders to buy GNFC above 452 level and target of 457-465 may achieved with a stop loss of 444

gnfc

AJANTA PHARMA 

Ajanta Pharma is in consolidating phase from past 5 trading session above 25 days moving average and on Tuesday stock has shown buying movement which would further continue. RSI is placed at 57.29 level.

We recommend traders to buy Ajanta Pharma above 1242 and a target of 1255-1275 may achieved with a stop loss of 1230.

AJantapharma

Stock to watch for 14th NOV

MIND TREE

The stock is currently consolidating around its resistance level 507-510, MACD has given positive crossover on daily chart and RSI is placed at 65.25 levels.

Breakout will be considered above 510 level and target of 517-525 may achieved with a stop loss of 502.

MIND TREE

 KPIT

KPIT is in bullish trend and also consolidating around higher levels. KPIT has formed resistance of 163 and it is consolidating just below 163 and trading above its 25 days moving average.

We recommend buying KPIT above 163 and a target of 166-170 may achieved with a stop loss of 159.50.

KPIT

To Get Daily Market News & Updates Click here –www.marketmagnify.com or Give Miss call @7879881122

 

Stock to watch for 13-NOV-2017

SUNTECK

The stock is currently consolidating around 375 levels from past 2 weeks; RSI is placed at 64.67 levels.

Breakout will be considered above 378 level and target of 384-390 may achieved with a stop loss of 371.

SUNTECK

WONDERLA

Wonderla is now trading at higher levels just below its trend line resistance breakout on weekly charts. RSI has also given double bottom breakout and MACD is also positive.

We recommend to buy Wonderla above 393 and a target of 398-404 may achieved with a stop loss of 387.

WONDERLA

Get More Market Calls Updates Visit – marketmagnify.com or Miss call @7879881122.

Stock to watch for 10th NOV

VADILAL IND

 
The stock is currently taking support of 38.2% Fibonacci retracement level and also MACD has given upward crossover, RSI is placed at 41.76 level.
Breakout will be considered above 930 level and target of 942-955 may achieved with a stop loss of 915.
vadilal

WONDERLA 

Wonderla is now trading at higher levels just below its trend line resistance breakout on weekly charts. RSI has also given double bottom breakout and MACD is also positive.

We recommend to buy Wonderla above 393 and a target of 398-404 may achieved with a stop loss of 387.

wonderala

If u want to become  stock trader work with us. For more information visit our site www.marketmagnify.com  or missed call 7879881122

Stock to watch for 09 NOV

 ITD CEM

The stock has given resistance level breakout on closing basis and also macd has given upward crossover and we have witness high volume from past 5 preceding days.

Breakout will be considered above 197 level and target of 206-208 may achieved with a stop loss of 192

1

RUPA

RUPA has given trend line breakout above 454 level on Tuesday but due to lack of high volume any big movement has not been seen and now it is consolidating above its support level and also MACD has given positive crossover and also RSI is positive and placed at 65.04 level.

We recommend to buy Rupa above 472 and a target of 479-487 may achieved with a stop loss of 464

2

Stock to watch for 08-NOV-2017

AARTI DRUGS

The stock has given trend line resistance level breakout on closing basis and also macd has given upward crossover, RSI is also at its resistance level and placed at 58.16.

Breakout will be considered above 549 level and target of 557-565 may achieved with a stop loss of 542.

aarti drugs

CIPLA

CIPLA has posted better than estimated quarterly result today as profit rises by 18% to 435 cr but Pharma index falls more than 4% on Tuesday because of Lupin.

Technically CIPLA now at its support level and also better than expected quarterly result will help the stock to trade positive on Wednesday .

We recommend to buy cipla above 610 and a target of 620-628 may achieved with a stop loss of 599s.

Cipla

For More Share Market News & Updates Click here –  www.marketmagnify.com or Miss call @7879881122

Stock to watch for 06 NOV

CENTURY PLY

The stock has given trend line resistance level breakout on closing basis and also macd has given upward crossover. Breakout will be considered above 295 level and target of 302-310 may achieved with a stop loss of 288.

pic5

BIRLA CORPN 

Stock has given trend line breakout above 1040 and now it is consolidating at its higher level. Breakout will be considered above 1180 level and target of 1195 and 1215 may achieved with a stop loss of 1160.

pic6

Get Share Market Daily Updates & News Visit – www.marketmagnify.com or Give Miss call @7879881122

Stock to watch for 6 NOV 2017

GRUH

The stock is consolidating below its resistance level of 553 and investors can enter above the consolidation breakout. Breakout will be considered above 553 level and target of 565-575 may achieved with a stop loss of 540

  • Consolidating around its resistance level of 553
  • RSI is placed at 60.73 levels

GRUH

MINDA IND

Stock has given breakout above its resistance level of 900 but not showed any big movement and after that it is consolidating above its resistance level. MACD has shown upward crossover and also rsi is showing buy momentum

  • Consolidating around higher levels
  • RSI is placed at 68.34 levels.
  • MACD has given upward cross over on Daily charts

MINDA IND

For more information visit our site www.marketmagnify.com  or missed call 7879881122.

MONTHLY MARKET REPORT:- BF UTILITIES LTD

BF UTILITIES LTD

 BF Utilities Ltd. (BFUL) is a part of USD 2.4 billion Kalyani Group. BFUL earlier operated in two business segments – Infrastructure Business and Investment Business. BFUL has undergone business restructuring by way of a Composite Scheme of Arrangement. Under the said business restructuring, the Infrastructure Business has remained with BFUL and Investment Business has been transferred to BF Investment Ltd. The Company was incorporated on September 15, 2000 under the Companies Act, 1956 in the State of Maharashtra.

The Company was born out of a scheme of demerger with Bharat Forge Limited (BFL). The Scheme of Arrangement was approved by the Hon’ble High Court of Judicature at Bombay on January 17, 2001. Under the said Scheme, the Investments (listed as well as unlisted) and Wind Mills Division of the BFL were demerged and transferred to the Company, effective from March 1, 2001.

 

STO

Fundamental Analysis

BF Utilities Ltd., incorporated in the year 2000, is a Small Cap company having a market cap of Rs 1552.66 Crore, operating in Power sector. BF Utilities Ltd. key Products include Wind Power, Renewable Energy Certificates and Traded Goods.

  • Revenue from Port Services which contributed Rs 18.52 Crore to Sales Value (87.17 % of Total Sales)
  • Renewable Energy Certificates which contributed Rs 2.68 Crore to Sales Value (12.60 % of Total Sales)
  • Promoters stake in the company stand at 55.97%.
  • Return on equity and Net profit margin of the company stand at 6.20% and 2.42% where as peer companies stand at -8.08% and -2.16%
  • Gross profit margin of the company is 3 times greater than peers companies.
  • Seventeenth AGM of the companies will be held on 6th of NOV 2017.

Fundamentals

Market cap

Rs. 1608.22 cr.

Face value

Rs. 5.00
Book value

Rs. 34.78

EPS

Rs. –

52 Week H/L

Rs. 566.05/ 312.00
Dividend Payout

0.00%

Listed at

NSE/BSE
P/E Ratio

Industry P/E

15.58

Technical Analysis

The stock has made sloping double bottom price pattern. Breakout of the price pattern and trend line resistance level is placed at the level of 470. Stock is trading in a particular channel from March 2014. It made its 52 week high of 566.05 in OCT 2016 and then corrected nearly 44% and tests the important support of 310 which is the support of channel. It is currently trading around 425 levels.

  • Consolidating around trend line and double bottom price pattern breakout.
  • RSI has also shown recovery and now placed at 63.17 level
  • MACD has given upward cross over on weekly charts

Technically, the stock may move UP and above the levels of 470 and it could test the levels of 520-560 in the next month. Technical stop loss should be at 410.

 Supports and Resistance (Monthly)

Resistance 1-      470                        Support 1-420

Resistance 2-      525                        Support 2-360

Resistance 3-      580                        Support 3-310

 BF Utilities DAILY CHART

STO1

 

1 2 3 17