Power Of Stocks

IPO Update – Sanstar IPO – Sanstar is one of the major manufacturers of plant-based specialty products and ingredient solutions in India for food, animal nutrition, and other industrial applications (Source: Company Commissioned Frost & Sullivan Report, dated December 30, 2023). Their products include liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches, and co-products like germs, gluten, fibre, and enriched protein, amongst others. Their speciality products and ingredients solutions add taste, texture, nutrients, and increased functionality to (i) foods as ingredients, thickening agents, stabilizers, sweeteners, emulsifiers, and additives (in bakery products, confectionery, pastas, soups, ketchups, sauces, creams, deserts, amongst others), (ii) animal nutrition products as nutritional ingredients, and (iii) other industrial products as disintegrants, excipients, supplements, coating agents, binders, smoothing & flattering agents, finishing agents, among others. Objects of the Issue  Funding the capital expenditure requirement for expansion of our Dhule Facility  Repayment and/or pre-payment, in part or full, of certain borrowings availed by our Company  General corporate purposes

Good Morning everyone below are a few analyses given for learning purposes, do not take any trade based on these, Only do the observation. My only intention is to teach how we read price action, patterns & candlesticks. Best Stocks selection will not give you success along with that you need to focus on R:R and money management properly. Do your research before making any decision.

There is a real possibility of the finance minister raising the securities transaction tax (STT) for futures and options (F&O) trades in the Union Budget 2024, according to market participants. This is because there has been a lot of concern around the sudden surge in derivative trading, which is seen to be highly speculative in nature.

Another possibility :--

Above is the CFD’s Silver weekly chart. Silver is in a bull runs this year, on weekly charts silver is making higher high pattern. Post a bullish engulfing candle, silver has made a indecisive candle last week. We can expect silver to give good returns this week on bullish side.

Nifty IT has been forming a cup with handle & is about to give a breakout. The overall stock in IT index were having strong momentum on Friday post TCS results. This sector can be in focus for long term as well.

Upcoming Important Events – 15/7/24 – Fed Chair Powell Speech. 18/7/24 -ECB interest rate decision.

Weekly Wrap – SEBI has proposed to increase lot sizes for F&O contracts, raising margins around expiry dates and reducing number of weekly options contracts. Nifty IT closed strong with 4% weekly gains as TCS reported strong quarterly results. US CPI inflation for June falls below consensus to 3%, boosts chances of rate cut.

Good Morning everyone below are a few analyses given for learning purposes, do not take any trade based on these, Only do the observation. My only intention is to teach how we read price action, patterns & candlesticks. Best Stocks selection will not give you success along with that you need to focus on R:R and money management properly. Do your research before making any decision.

Stock has formed a weekly inside candle, and in daily time frame stock is consolidating for a few days, once the highs of this week is broken stock can be in focus for a bullish trade. Fundamentals of this stock is average.

weekly chart

Stock has given a strong breakout in monthly charts, now it is retesting the previous high.In the weekly chart, stock has formed an inside candle, post breakout of the trendline. if it breaks previous week high. Fundamentals of this stock is also impressive. Private Banks has been underperformer in this bull market, Now this sector can be in focus.

weekly chart

Monthly chart

Good Morning everyone below are a few analyses given for learning purposes, do not take any trade based on these, Only do the observation. My only intention is to teach how we read price action, patterns & candlesticks. Best Stocks selection will not give you success along with that you need to focus on R:R and money management properly. Do your research before making any decision.