Market to be sideways to bearish now for next 1-2 weeks.
Book profits in midcap and smallcap
Book profits in midcap and smallcap
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Government as announced an expansion of the Pradhan Mantri Awas Yojana, aiming to construct 30 million urban and rural homes. This initiative is expected to significantly benefit #HomeFirstFinance.
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Stock - Vedanta #VEDL (CMP : 445)
View - Negative
📉 Trendline Break: Price has broken below the ascending trendline, indicating a possible trend reversal.
🔻 Symmetrical Triangle: The formation of a symmetrical triangle pattern, with the price breaking downward, suggests a bearish breakout.
🔴 Bearish Candlesticks: Recent large red candles indicate strong selling pressure.
📊 High Volume: Increased volume on down days confirms the selling strength.
⚠️ Support Breach: Price has fallen below the ₹450 support level, which may now act as resistance.
🎯 Stop Loss & Target: Stop loss around ₹466 (red zone), target around ₹405 (green zone), offering a favorable reward-risk ratio.
For Educational Purpose Only.
View - Negative
📉 Trendline Break: Price has broken below the ascending trendline, indicating a possible trend reversal.
🔻 Symmetrical Triangle: The formation of a symmetrical triangle pattern, with the price breaking downward, suggests a bearish breakout.
🔴 Bearish Candlesticks: Recent large red candles indicate strong selling pressure.
📊 High Volume: Increased volume on down days confirms the selling strength.
⚠️ Support Breach: Price has fallen below the ₹450 support level, which may now act as resistance.
🎯 Stop Loss & Target: Stop loss around ₹466 (red zone), target around ₹405 (green zone), offering a favorable reward-risk ratio.
For Educational Purpose Only.
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📊 Reliance Industries Q1 FY25 Results:
- Net Profit: ₹15,138 crore (📉 5% YoY decline)
- Revenue: ₹2,36,000 crore (📈 12% YoY increase)
- EBITDA: ₹42,748 crore (📉 7.5% decline QoQ)
### Segment Highlights:
- O2C: Margins under pressure 😟
- Jio: Net profit up 12% to ₹5,698 crore 🚀
- Retail: Profit after tax grew 5% to ₹2,549 crore 🛍️
Market Reaction: Mixed results, with net profit below expectations. Analysts remain optimistic about growth in digital services and retail! 🌟
- Net Profit: ₹15,138 crore (📉 5% YoY decline)
- Revenue: ₹2,36,000 crore (📈 12% YoY increase)
- EBITDA: ₹42,748 crore (📉 7.5% decline QoQ)
### Segment Highlights:
- O2C: Margins under pressure 😟
- Jio: Net profit up 12% to ₹5,698 crore 🚀
- Retail: Profit after tax grew 5% to ₹2,549 crore 🛍️
Market Reaction: Mixed results, with net profit below expectations. Analysts remain optimistic about growth in digital services and retail! 🌟
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Hindustan Aeronautics Limited – The Best Stock in the Indian Defence Sector
https://www.abovestocks.com/blog/hindustan-aeronautics-limited-the-best-stock-in-the-indian-defence-sector/
https://www.abovestocks.com/blog/hindustan-aeronautics-limited-the-best-stock-in-the-indian-defence-sector/
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Above Stocks
Hindustan Aeronautics Limited – The Best Stock in the Indian Defence Sector https://www.abovestocks.com/blog/hindustan-aeronautics-limited-the-best-stock-in-the-indian-defence-sector/
Almost 3% up today, read the complete article to understand why it is best defense stock.
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Key Highlights from India’s Economic Survey 2023-24: Growth, Inflation, and Reforms
https://www.abovestocks.com/news/key-highlights-from-india-economic-survey-2023-24/
https://www.abovestocks.com/news/key-highlights-from-india-economic-survey-2023-24/
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ITC is the only Sensex stock with 90% win rate on Budget days
https://economictimes.indiatimes.com/markets/stocks/news/itc-is-the-only-sensex-stock-with-90-win-rate-on-budget-days/articleshow/111943414.cms
https://economictimes.indiatimes.com/markets/stocks/news/itc-is-the-only-sensex-stock-with-90-win-rate-on-budget-days/articleshow/111943414.cms
The Economic Times
ITC is the only Sensex stock with 90% win rate on Budget days
ITC Stocks on Budget: ITC leads Sensex stocks on Budget days with nine positive returns (avg. 1.47%). IndusInd Bank follows at 80%. Worst ITC day was in 2020 due to excise duty hike. Analysts foresee no further hikes; Prabhudas Lilladher raised ITC weight…
Key numbers from Feb interim budget
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- Fiscal deficit : Current at 5.1% (Govt target to lower it to 4.5% by FY26)
- Capex : INR 11.1 trillion
- Tax revenue : INR 38.31 trillion (INR 21.99 trillion direct + INR 16.22 trillion indirect)
- GST : INR 10.68 trillion
- Gross borrowing : INR 14.13 trillion
- Net borrowing : INR 11.75 trillion
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- Fiscal deficit : Current at 5.1% (Govt target to lower it to 4.5% by FY26)
- Capex : INR 11.1 trillion
- Tax revenue : INR 38.31 trillion (INR 21.99 trillion direct + INR 16.22 trillion indirect)
- GST : INR 10.68 trillion
- Gross borrowing : INR 14.13 trillion
- Net borrowing : INR 11.75 trillion
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Budgetary Priorities
1) Productivity in Agri sector
2) Employment and Skill Development
3) Inclusive priority and Social Justice
4) Manufacturing and Services
5) Urban Development
6) Energy Security
7) Infrastructure
8) Innovation and Research
9) Next Generation Reforms
1) Productivity in Agri sector
2) Employment and Skill Development
3) Inclusive priority and Social Justice
4) Manufacturing and Services
5) Urban Development
6) Energy Security
7) Infrastructure
8) Innovation and Research
9) Next Generation Reforms