SWING TRADE: City Union Bank ,7 to 10 % profit per trade. Chart Of The Week Stock , My Best Stock To Buy, Report By-Share Market Guesstimate
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SWING TRADE: City Union Bank , Chart Of The Week Stock , My Best Stock To Buy, Report By-Share Market Guesstimate
HELLOW, In this report, we will see about swing trading. the name of the stock I took today is City Union Bank. The price at which I am planning to buy this stock is. 172. after purchasing this stock, 179 is my first target. The second Target is, 185. The third target will be, 191. Normally, when doing safe trading, I would get out of the second target. Maybe when the second target shows signs of rising stock. I will decide to go for the third target. or, above. my stop loss will be 164. I think I can hold this share for one month. Maybe, if my third target is reached within that time. I will leave immediately. Because, 7 to 10 % profit per trade is enough for me. Similarly, when we take 7 to 10 % profit per transaction, our investment doubles in 10 successful transactions
Click the below My Millionaire Research Report to have a quick view about City Union Bank BUY TARGETMy Millionaire Research Report by- Share Market Guesstimate
I have prepared the above “My Millionaire Research Report” for my City Union Bank on 31/05/2021 swing trade, the name of the report says that I am on a mission to be a Millionaire in 5 years, Millionaire in 5 years is possible if I double my investment every year, my strategy is to get 7 to 1 % profit on every swing trade. This report is only for educational purposes, and i don’t guarantee any profit or loss and don’t encourage anyone to Buy or Sell any stock.
Strengths: Company with Low Debt, increasing Net Cash Flow and Cash from Operating activity, Stocks where Mutual Funds Increased Holdings in Past Month, Book Value per share Improving for last 2 years, Strong Momentum: Price above short, medium and long term moving averages, 721.7% returns for over 5.4 years, Strong Momentum: Price above short, medium and long term moving averages
Weakness: Declining Revenue every quarter for the past 2 quarters, Negative Breakdown First Support (LTP < S1), Inefficient use of capital to generate profits – RoCE declining in the last 2 years, Inefficient use of shareholder funds – ROE declining in the last 2 years, Decline in Net Profit with falling Profit Margin (QoQ).
Opportunity: RSI indicating price strength, High Momentum Scores -Technical Scores greater than 50.
Threats: Stocks with Expensive Valuations according to the Trendlyne Valuation Score, Increase in NPA in Recent Results, Increase in Provisions in Recent Results, Degrowth in Revenue, Profits and Operating Profit Margin in recent results (QoQ).
20 Moving Average Buy: 170.52 Buy,
50 Moving Average Buy: 166.20 Buy
100 Moving Average Buy: 169.52 Buy
Now the stock is in Buying zone with respect to all moving average, MA 20, MA 50, MA 100, and MA 200, so I decide to buy at 172.
Momentum Oscillators: Now the stock is in Buying zone with respect to all the, RSI(14), STOCH(9,6), Williams %R, CCI(14), ROC
Share Holding , Mar 2021, SNAPSHOT, Number of FII/FPI investors decreased from 219 to 214 in Mar 2021 qtr, FII/FPI have decreased holdings from 18.65% to 18.0% in Mar 2021 qtr, Institutional Investors have increased holdings from 56.24% to 57.1% in Mar 2021 qtr. Mutual Funds have increased holdings from 27.61% to 28.97% in Mar 2021 qtr.
MY LATEST TARGETS :
DCM SHRIRAM : BUY AT 688 , TARGET: 762 SL. 690
MARICO: BUY AT 472, TARGET: 530, SL: 475
CAMLINFINE: BUY AT 180, TARGET : 205, SL : 160