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Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!
by 5paisa Research Team 15/11/2021

Best Swing Trading ideas based on price and volume percentage surge. Escorts India, Gland Pharma, and Can Fin Homes.

Price and volume are two of the most prominent inputs used by traders across the world while swing trading. When used in isolation, they reveal very little but when used in conjunction, they help us to sort the wheat from the chaff. So, this swing trading system is based on the deadly combination of price and volume percentage surge, which helps us to discover high probability swing-trading candidates.

So, here is the list of stocks that fulfil the criteria of volume and price surge and as a result, they flash in our swing-trading system:

Escorts India: The stock of Escorts India soared 3.78% on the trading session that ended Monday. Escorts was trading in a narrow range of 1550-1600 since few trading sessions and it managed to close above this range. It formed a strong green candle on the chart with a bigger volume which was well above its 10-day and 30-day daily average volume. The stock is trading above its key moving averages and RSI is going strong at 63 showing strength. The stock closed at its record high and certainly looks strong for coming sessions. Considering its strong price action with good volumes, Traders must include this stock in their watchlist for upcoming days.

Gland Pharma: This pharmaceutical company zoomed 5.16% on Monday. Gland Pharma has corrected 18% from its recent high and was weak. Today, it formed a strong green candle supported with larger volumes. The RSI is back at 50 showing that the stock has gained some strength. The stock looks for a trend reversal and this might possibly be the beginning. Swing traders should closely watch this stock for quick profits.

Can Fin Homes: This stock surged 2.8% on Monday’s trading session. The stock underwent a slight correction from its recent high and found support at 50-DMA before bouncing back. It managed to close above its 20-DMA with bigger volumes showing positive sentiment. It is about 50 points (7.5%) away from its all-time high. The volume witnessed today was 1.5 times the previous day’s volume indicating fresh participation. The stock looks technically strong and can test its all-time high levels soon. Considering its strong price action with good volumes, traders must include this stock in their watchlist for upcoming days. Considering this strong breakout, the stock looks attractive for swing trading.

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Stock in focus: For NIIT it is high performance and expectations ahead!

Stock in focus: For NIIT it is high performance and expectations ahead!
by 5paisa Research Team 15/11/2021

NIIT Limited is a skills and talent development company that offers multi-disciplinary learning management and training delivery solutions to corporations, institutions and individuals.

The company has a market cap of Rs. 5,183 crore. The company is enjoying an increase in market share in the last five years from 28.52% to 41.48%. It has recorded higher than industry revenue growth and industry net income in past few years. This certainly shows that the company is on the right track with its business performance and is quite evident with its movement in the stock price.

The stock has performed exceptionally well by delivering returns of 92.83% YTD. On a YoY basis, the stock has gained 159% and has also gained 20.33% in three-months time. This shows that the stock is performing strongly for quite some time.

The stock, after touching the all-time high level on 24 September, was going through a correction phase and corrected as much as 27%. It then made a U-shaped recovery and is trading strongly since the past four trading sessions as it gained 16%. It reclaimed its all-time high levels with larger volumes and the volumes witnessed during the last few sessions were well above the volumes of the past few weeks. The stock is trading well above its key moving averages and RSI is going strong at 70. The positive directional movement (+DMI) crossed the -DMI a few trading sessions back and is currently above it. This shows strong strength and potential in the stock. Market participants are showing interest in this stock, as is evident from the above points.

Considering the performance NIIT has shown, we can expect the stock to continue its momentum on the higher side. Traders can expect some good returns for the short to medium term as the technical analysis validate our point. 

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GO AIR IPO- Let’s take a peek into the company and the industry most affected by the pandemic

by 5paisa Research Team 15/11/2021

The low cost, economy airlines, GoAir, now re-branded as Go First has filed an addendum to its DRHP, on November 10. The DRHP was filed with SEBI on May 14, 2021 and it received a green signal from SEBI on August 31, 2021.

Let us take a look at the workings of the company and the management of the upcoming Rs.3600 crore GoAirlines IPO. GoAir, founded in 2004 and owned by the Wadia group, started its operations in 2005 and has since then carried 80 million passengers. The company has flights flying to 28 domestic destinations as well as 9 international ones as of January 31, 2020. Around 300 flights are operated daily.

Air travel in general has picked up since the lock- down was eased but still remains focused on the weekend and festivals. The weekday demand for the industry still stands at 30%-35% below the pre-Covid levels, however November and December seems to be shaping up pretty well for the industry as more and more people are taking long holidays as well as traveling back home for the festive season, after more than a year. International flights still hang in the balance.

Another negative factor for the aviation industry is that the government has currently initiated a cap on the fares(both upper and lower range) which does not allow the companies to either increase or decrease the airline fares beyond a certain fixed point. By early 2022, fare cap is expected to be removed. According to analysts, the fare prices could fall substantially after the cap is removed as the airlines focus more on addition of passengers than earning more from one passenger. The airlines will surely lower the fares to attract more and more customers.

According to the FY20 report, the company had a debt of Rs.1,780 crore. Revenue from operation stands at Rs.70,560 million for the year ended March 31, 2020.This is a 21.8% increase over the revenue of Rs.57,887 million for the year ended March 31, 2019. The company has been making continuous losses from 2016-2020.

Also, the Managing director and promoter of GoAir, Jeh Wadia, resigned last week and the former CEO of Spirit Airlines, Ben Baldanza has been appointed as GoAir’s Vice Chairman. They have been thinking about going public for a few years but various tiffs in the upper management has kept delaying the process. The Wadia group has 73.3% stake in the company and Baymanco Investment Ltd owns 21.50% stake.

Lets take a look at all the details we have about the upcoming IPO. The book running lead managers, according to the addendum filed with SEBI are, ICICI Securities Ltd, Morgan Stanley India Private Ltd and Citigroup Global Markets India Pvt Ltd. The objectives of the issue are stated as:

1. Prepayment and repayment of all the debt accumulated by the company

2. Repayment of the dues to Indian Oil Corporation for the fuel that has been supplied to GoAir

3. Paying for the upkeep and maintenance of the aircrafts (Rs.254.93 crore)

As on November 2, 2021, Rs.1,346.7 million is the amount of money owed by the company to vendors. The company plans on utilizing Rs.96.3 crore from the proceeds of the issue, to pay back the vendors.

 

Strengths of investing in the IPO:

1. It has one of the youngest fleets of aircraft in India and globally with the average age being 3.7 years, as of February 2021

2. The market share of the country rose from 8.8% in FY17-18 to 10.8% in FY19-20

3. Even the passenger volume increased by 22.4% to 16.2 million in FY20 and the passenger revenue has also risen by 24.8%

4. The company is set to receive its order of 99 A320 NEO Aircrafts over the next few years

 

Risks of investing in the IPO:

1. The number of departures in December 2020 decreased to 63% of the total in December 2019, due to which the fixed costs increased along with a rise in the amount of debt due to the pandemic

2. A net loss of Rs.470.69 crores between April 2020 and December 2020

3. The entire fleet they possess comprises of Airbus A320. If there are any problems in the engine of the A320, the whole fleet will face the problem and this will be catastrophic for the company

4. Low profit margins experienced

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These stocks see huge volume burst in the last leg of the trading session!

These stocks see huge volume burst in the last leg of the trading session!
by 5paisa Research Team 15/11/2021

Delta Corp, Fine Organics Industries, and GlaxoSmithKline Pharmaceuticals Limited have witnessed volume burst in the last 75 minutes of the trade.

As the saying goes, the first and the last hour of each trading session is the most important and active in terms of price and volume. More so, the activity in the last hour is said to be of utmost importance because most of the pro traders and institutions are active at this time. Hence, when a stock sees a good spike in volume in the last leg of trade along with price rise it is said to be the pro and institutions have a keen interest in the stock. Market participants should keep a close watch on these stocks as they can witness good momentum in the short-medium term.  

So, based on this principle we have shortlisted three stocks, which have witnessed volume burst in the last leg of trade along with price rise.

Delta Corp: Delta Corp ended 2% in Monday's trading session. The stock traded flat to negative throughout the day barring the last 75 minutes. The stock rose 2.15% in the last hour with huge volume as 62% of the total volume was traded in the last 75 minutes. The stock has closed at a record high and will look to continue its upward journey. This stock must be included in the watchlist for the coming days.

Fine Organics Industries:  Fine Organics rose a massive 13.72% on Monday. The stock traded firmly in green all day. Major activity was seen in the latter half of the trading session. NBFC stock gained 3.58% in the trading session that ended Friday. The stock is going strong for the last few days and closed at its record high. The highest volume was recorded today after many months and certainly one can expect a lot of trading activity in this stock in the coming trading sessions.

GlaxoSmithKline Pharmaceuticals Limited: The stock surged 2.57% on Monday closing near its resistance level of 1680. The stock traded firmly in the green, and volumes kept on rising as the session progressed. Bulls looked interested in the stock as it kept on rising. The last 75 minutes witnessed good volumes and this stock will be quite active for times to come. It is currently trading near a stiff resistance level of 1680, and we could possibly see a newer high.

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Penny Stock Update: These stocks gained up to 10.00% on Monday

Penny Stock Update: These stocks gained up to 10.00% on Monday
by 5paisa Research Team 15/11/2021

On Monday, the Indian equity market was volatile. BSE Healthcare index is the top gainer whereas BSE Metal index is the top loser in today’s trade.

On the first trading day of the week, the Indian equity market was volatile.

Today Nifty 50 and BSE Sensex indices closed in positive, up by 6.70 points i.e., 0.04% and 32.02 points i.e., 0.05% respectively. Stocks pulling the BSE Sensex index up was Power Grid Corp, Asian Paints, Kotak Mahindra, ITC and TCS. Whereas, stocks that dragged the BSE Sensex down is Reliance Industries, Tata Steel, Bajaj Finance, ICICI Bank and Bajaj Finserv. After the weekend, on Monday the BSE Sensex index opened up by 0.25% from the previous close. Besides, the day high of the index was 61,036.56 and the day low was 60,597.36.

In Monday's trading session the S&P BSE Healthcare, S&P BSE MidCap Select Index, S&P BSE Fast Moving Consumer Goods and S&P BSE SmallCap Select Index were top gainers. BSE Healthcare index consisting of stocks such as Apollo Hospitals Enterprise Ltd, Laurus Labs Ltd, Metropolis Healthcare Ltd and Fortis Healthcare Ltd are the top gainers.

On a sectoral basis, S&P BSE Metal, S&P BSE Basic Materials, S&P BSE Enhanced Value Index and S&P BSE Telecom were top losers. BSE Metal consists of stocks such as Coal India Ltd, Tata Steel Ltd, Hindalco Industries Ltd and Jindal Steel & Power Ltd.

Here is the list of penny stock that gained up to 10.00% on a closing basis on Monday, November 15, 2021:

Sr No.               

Stock               

LTP                

Price Gain%               

1.               

Manugraph India Ltd.  

13.90  

9.88  

2.               

Sel Manufacturing Company Ltd  

8.90  

9.88  

3.               

IMP Powers Ltd  

13.10  

9.62  

4.               

MSP Steel & Power Ltd  

9.75  

9.55  

5.               

JIK Industries Ltd  

0.75  

7.14  

6.               

Shekhawati Poly-Yarn Ltd  

0.75  

7.14  

7.               

Bharatiya Global Infomedia Ltd  

3.15  

5.00  

8.               

Grand Foundry Ltd  

3.15  

5.00  

9.               

Indowind Energy Ltd  

13.65  

5.00  

10.               

Sab Events & Governance Ltd  

4.20  

5.00  

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ONGC Q2 reported revenue up by 6% QoQ basis. Skyrocketing Brent prices and severe winter may cause a setback in near term

by 5paisa Research Team 15/11/2021

ONGC reported revenue of Rs. 243.5b, 6%, at US $69.4/bbl. The gas sales stood at 4.3bcm, down 7% YoY however up by 4% QoQ. The oil sales stood at 5mmt, down by -1% YoY and -2% QoQ. The net realization stood at USD69.4/bbl, up by +6% QoQ. VAP sales stood at 777tmt, down 7% YoY and 1% QoQ. while EBITDA stood at Rs. 132bn which was up 57% YoY and 9% QoQ.

The downside in oil and gas production was mainly on account of the unruly conditions caused by cyclone Tauktae and the impact of COVID. Further delay in the mobilization of MOPU to the WO-16 Cluster project impacted production from this field.
 
International travel restrictions and COVID Impact has led to delay in gas production and logistics from the KG Basin. The peak production is expected at 14.5mmscmd and 45kbopd for gas and oil. OPAL’s performance is steady, and ONGC is improving process efficiencies to keep its profits positive. ONGC’s profits are also supported by a positive uptrend in Brent prices, led by the gas to oil switch, creating additional demand of 0.5mnbopd, with continued lower supply from OPEC+ with production cuts still at ~4mnbopd, resulting in inventory draws. As a result, the management has revised down its oil and gas guidance for FY22E to 22mmt and 22bcm from 23mmt and 25bcm earlier. Despite the continued delay and modest assumptions, ONGC’s gas production is likely to clock in at a CAGR of 7% over FY21–24E, with efforts to resist a decline in oil production. 

The expectation of a severe winter, coupled with supply constraints and lower inventory, has led to gas prices at international hubs trading at multi year highs The estimated normalization of Brent prices by endFY22 and build in assumptions of US $69/bbl, USD65/bbl, and US $60/bbl for FY22E, FY23E and FY24E.

An interim dividend of Rs. 5.5/share has been announced, which makes its dividend yield come upto 3.5% at CMP. Lower depreciation and higher other income resulted in PBT coming in around 18% 5b. The company realized the option of the new tax regime and recorded deferred tax benefit of INR98.5b during the quarter. Reported PAT came in at Rs. 183.5b, while adj. PAT for taxation stood at Rs. 85b (v/s Rs. 43b in 1QFY22 and Rs. 36b in 2QFY21). Capex guidance for FY22 remains unchanged at Rs. 295b.

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