This sector looks interesting | CA Rachana Ranade

"if you see here it is more or less like a cup and handle the cup is very sharp I know that okay but the cup and kind of a handle and here you can see that there's a breakout okay there was a breakout okay let me just draw this that it'll go away okay so there was a breakout there was a retest here and then it started to bounce off"

"a very very very classic inverted head and shoulder pattern is what we can see shasan okay inverted head and shoulder pattern in fact I should should take this from the bottommost point and uh if I were to replicate this clone and if I put it here at the neck line uh somewhere around a,2 okay if I take it properly I taken it just above that"

"but visually from uh you know TOA if we keep open-mindedness then it is like a cup and like a handle has it given a breakout yes has it seen a retest yes and now is it bouncing back a bouncing off yes again if that be so cup and handle pattern a now this could also be one case of consolidation"

"M&M now M&M is that here you can very clearly see M&M has actually broken out from the territory this was like a cup and handle which it had formed but it's way above that right now it has been bouncing and bouncing and bouncing but if you also try to see I'll just quickly delete this point one minute and if I keep them let us go to the daily chart I just see if I can see something on the daily chart because monthly though it's way above all all all the things right it is just consolidating right now but if I were to see this from the lowest point around 29th March 23 still you can see it it is just going up then consolidating again going up trying to form some base and right now if you see here this is somewhere like it's kind of a cup and handle again but at a sideways things so here you can see a very small cup and a handle and immediate breakout also"

"T Motors year on year sales have grown at what sales have grown at 25% almost okay operating profit it has grown at 42.5% okay and if you see here net profit a let's see profit before tax at 134% okay so amazing numbers amazing set of numbers"

"for Mahindra and Mahindra it is 15% and even if you see operating profit is a shade higher at 18% profit before tax is a shade lower uh but if you see there's a minus 36% what is this IUS 36% is other income k there might be some know exceptional items so uh all in all we need to ignore this point and then go ahead okay uh to be honest I've not seen I've not gone into detail about what is this other income all about"

"maruti Suzuki Top Line growth at 14% again so not bad at all their operating profit has grown at 31% B and if I talk about the PBT level has gone up by 37%"

"but finally in 2024 they will be starting production of EVs and it is said that they may launch uh it in in the same year but at least production is going to start in 2024"

"and in fact I read it in the news few days ago as well that they are planning to increase the overall capacity of uh their plant and uh they are planning to increase their annual production capacity to about 4 million"

"more or less like a double bottom formation is what you can see okay neckline broken from this if I take one to here if I clone it from here to here almost done"

"if it's about public sector Banks and uh in general if you have seen my previous video about psus in general I feel that the party is not yet over I've given proper Logics for that as well PSU Banks was one of my Diwali based themes"

"rate gain crossed all the barriers and now it said an alltime High please let us let us the levels reenter or exit uh I'll be honest I have done a partial exit uh but still I hold some shares in my portfolio rate gain was the stock of the month I don't remember exactly which month but uh it's like what more than 100% return easily more than that I guess it is just going up and up and up and uh k b i mean the numbers are fantastic I I did see their Q3 results as well"

"the entire speciality chemical sector is going through a bad phase and I've talked about this so many times as per the management con call second half of 2024 is where managements of different Specialty Chemicals related companies feel that it may start performing better"

"for me it has been polylex and and Food Works which are not performing as per my thought process both have given hor I mean should not be saying both have both have not given good set of numbers uh was not happy with the numbers but uh still have not booked losses uh we'll take a call U and you know then then discuss"

"deani International 150 I'll tell you all these qsr especially be jubin beat deani they are not performing well at all um so again I mean um right now it's it's in a mess it's completely in a downward Journey"

"Sula Vineyards again has been one of our stock of the months has done very well um at least I'm holding on to it"

"BCL BCL Industries H it is a flag and pole breakout for sure it is yes but I have not seen this fundamentally not sure on this"

"parag milk Foods cup and handle on a weekly time frame okay parag meat Foods and on a weekly time frame you are seeing not a very one minute fancy C handle I just share my screen one minute maybe this is what you're trying to tell I'm not sure how you are um checking this maybe this is what you're talking about this is the cup and this is the handle uh has broken out but not convincingly yet"

"Indigo pains giving breakout after a very long consolidation posted good results also I'll take this as the last question uh Indigo pains okay what on a weekly monthly what okay I'll just share my screen also s yeah kind of consolidation but not happy with uh overall let me just check on a Fibonacci as well from here the lowest most point is here it's facing a resistance right this is at 23 exactly facing the resistance there"

"last year if you observed in the second half of 2023 I have been talking more and more about only Nifty levels macroeconomics are you enjoying uh this type of Thursday live stream where I take a topic and I try and you know uh give my views you can say educate whatever on a specific topic"