Radico Khaitan 575 - 1025
final targets cam be 1050 , 1100 , 1150(2X) https://t.co/ZGZdmQXxjL

TCS: Co. Approved Rs 18,000 Cr buyback at Rs 4,500 per share today

👉Let us know a brief on buyback.

👉 What is buyback , how will it benificial for shareholders and company itself.

Read the whole thread 🧵, if you like it plz share

👉A buyback of shares is buying back of own shares by a company that was issued earlier. It is a corporate action event wherein a company makes a public announcement for the buyback offer to acquire the shares from existing shareholders within a given timeframe.

The buyback of shares is also known as a stock buyback or repurchase of shares. The company announces an offer price for the buyback that is generally higher than the current market price.

Source BSE / Chittorgarh .com

👉Reasons of buyback

1. Undervalued stock
When the management feels that their stock is undervalued, they adopt the buyback to rectify the stock price. Stock buyback reduces the number of shares in the market and thus gives a price boost to the remaining shares in the market.

2. Tax-efficient method of rewarding shareholders

The dividends get taxed at two levels. First, at the company level and a second time in the hands of the shareholders. However, in the case of a buyback, only the company is liable to pay a buyback tax.

Thread

Basics of Doji Candlestick Pattern

The Doji candlestick pattern is a formation that occurs when a market’s open price and close price are almost exactly the same.

@caniravkaria @SouravSenguptaI @Puretechnicals9

It is formed when the market opens and bullish traders push prices up whereas the bearish traders reject the higher price and push it back down.
It could also be that bearish traders try to push prices as low as possible, and the bulls fight back and push the price up.

The upward and downward movements that happen between open and close form the wick.

The body is formed when the price closes at or almost the same level as it opened.

There are 4 types of Doji candles

Source Elearnmarkets and Investing. com

👉Common Doji

This is the most common type of Doji candlestick pattern.

When buying and selling are almost the same, this pattern occurs.

The future direction of the trend is uncertain as indicated by this Doji pattern

👉Long-Legged Doji
As the name suggests this is a long-legged candlestick pattern.

When the supply and demand factors are at equilibrium, then this pattern occurs. The trend’s future direction is regulated by the prior trend and Doji pattern.

Happiest mind utha lo 780 cmp

Sl 715 closing
Target phle jaega 860 fir 950- 1000

Note it 😇✌️

Greaves Cotton
ATH breakout and retest
CMP 160.55
SL BELOW CLOSING
UPSIDE 185 , 210 N MORE

Time frame 1 month
Medium term target 50% form here

SL BELOW 145 CLOSING**

Five strategies for swing trading stocks -

5 swing trade strategies below that you can use to identify trading opportunities and manage your trades from buy to sell.

Plz retweet and share if u like

1. Fibonacci retracements
The Fibonacci retracement pattern can be used to help traders identify support and resistance levels, and therefore possible reversal levels on stock charts. Stocks often tend to retrace a certain percentage within a trend before reversing again

and plot horizontal lines at classic Fib. ratios of 23.6%, 38.2% and 61.8% on a stock chart can reveal potential reversal levels.U often look at the 50% level as well, even though it doesnt fit the Fib. pattern, because stocks tend to reverse after retracing half of the last move

u could enter a short-term sell position if price in a downtrend retraces to and bounces off the 61.8% retracement level (resistance level), with the aim to exit the sell position for a profit when price drops down to and bounces off the 23.6% Fibonacci line ( support level).

2. Support and resistance triggers

A support level indicates a price level or area on the chart below the current market price where buying is strong enough to overcome selling pressure. As a result, a decline in price is halted and price turns back up again.

#RADICO-1214.80

#Fibonacci extension..

6.857%(1214.60) Done.

further Fibonacci extension on sustain rise above 1215

11.077(1931)

#Probability

Stocks to Watch out

1. Radico Khaitan
2. Nazara
3. IGPL
4. DCM Shriram

Stocks to Try

1. Eicher
2. Venkeys

TECHNICAL ANALYSIS:
Alcohol sector 🍻

Read more at: https://t.co/yeLw1Q1Fik

#StockMarket