Chart Book #1 : Tracking IPOs
21st April 2024
Dear Readers,
As an Investor, my approach is to blend technical and fundamental analysis. More often than not, technical studies signal a change in a company’s fundamentals and become a leading indicator. It can also lead us to find opportunities, which when corroborated with fundamentals become capital compounders.
Today, I attempt to give a technical picture of some of the IPO stocks.
AARTECH SONICS LTD.
Manufactures electricity distribution & control apparatus.
Risk Reward is not favorable for fresh entry. However, has sector tailwinds.
ADVAIT INFRATECH Ltd.
EPC Player in Power Transmission, Sub Station and Telecom Products, etc
Nearing Breakout. Has sector tailwinds.
ALPEX SOLAR
Solar Module Manufacturer. ALMM Beneficiary
Risk Reward is not favorable for fresh entry. However, has sector tailwinds.
ANAND RATHI LTD
Wealth Management Company. Sector Tailwinds.
ASK AUTOMOTIVE
Nearing Breakout. Auto Ancillary
AVALON
Nearing Breakout. EMS Sector
Low-risk setup with multiple edges (Volatility contraction + Launchpad)
Volume needs to be seen at the breakout
AZAD ENGINEERING
CELLO WORLD
DATA PATTERNS LTD.
Weekly
Daily
Defense Stock. The company is in the Brahmos manufacturing ecosystem. India just exported Brahmos to the Philippines. If there are further exports of this system then this company will be the beneficiary
DELHIVERY
ELECTRONICS MART INDIA LTD
EMUDHRA LTD
Among the top brands in India for issuing Digital Signature Certificate
ENTERO HEALTHCARE SOLUTIONS
Among the top three healthcare distributors in India
EXICOM
HARSHA ENGINEERS
HONASA CONSUMER (MAMA EARTH)
INSOLATION ENERGY
IREDA
JYOTI CNC
Sunrise sector. Detailed notes on the business:
KALYAN JEWELLERS
That’s a wrap for now. Please let me know your views in the comments section or on twitter.
You can access full watchlist of IPO Stocks here.
Happy Investing 📈.
Thanks for reading. Please do share your feedback.
Connect with me on Twitter: @pankajgarg_ciet
Disclaimer: I am not SEBI registered. The information provided here is for educational purposes only. This is not a buy or sell advice. I will not be responsible for any of your profit/loss based on the above information. Consult your financial advisor before making any decisions.
Disclaimer: I may have a position in the companies discussed. It will be safe to assume that my views are biased.