Stocks for the week: September 4th Week | 2024 | Vijay Thakkar

Vijay Thakkar

21 Sept 202412:05

Summary

TLDRVijay Thakur welcomes viewers to discuss the stock market's recent performance, noting a potential new all-time high. He analyzes market movements post-Fed rate cut, highlighting mid-cap and PSU stocks' strong performance. Thakur discusses sectors like IT, media, and pharma, emphasizing the importance of technical analysis in stock selection. He shares insights on 'Campas Activwear Limited,' suggesting a possible rebirth with a target of ₹640, based on a reversal breakout pattern. Thakur also promotes an upcoming webinar on stock analysis techniques, inviting viewers to join.

Takeaways

📈 The market seems to be near an all-time high after a poor performance two weeks ago, and the speaker anticipates continued positive trends.
📊 Last week, the market showed no significant movement for three weeks, followed by two days of good movement after the Fed's rate cut.
💹 Mid-cap and small-cap stocks showed good traction, particularly in sectors favored by FII (Foreign Institutional Investors).
📉 On the 20th, the market had a significant rally, reaching lower levels, indicating intraday movements.
🏦 Bank Nifty outperformed the Nifty by almost double, driven by large-cap banks and stocks favored by FII.
📊 The Nifty's monthly time frame chart shows a strong candle, with support at 24,750 being crucial for the market's direction.
📈 Bank Nifty's monthly chart indicates a significant breakout, which is uncommon for indices and suggests a multi-year breakout.
📉 IT, media, and pharma sectors underperformed after showing good performance in the previous two weeks.
🏢 The speaker shares a stock analysis, focusing on a particular stock that has shown a strong breakout and potential for a 'rebirth' in the market.
📈 The speaker discusses an inverse head and shoulders pattern in a stock, which is a bullish signal, and provides a detailed analysis of its potential.
📅 The speaker is organizing a webinar on October 20th and 21st to teach stock selection and analysis methods based on multi-year breakouts.

Q & A

What is the main topic of the video?
-The main topic of the video is a discussion about the stock market, specifically focusing on the recent performance and future prospects of various sectors and stocks.
What was the market condition discussed in the video two weeks prior?
-Two weeks prior, the market was described as looking bad, but by the time of the video, it seemed to be approaching a new all-time high.
What significant event occurred on the 19th that impacted the market?
-On the 19th, the market experienced a gap-up due to a rate cut by the Fed, which had occurred overnight for the speaker's location.
Which sectors performed poorly in the discussed week?
-The IT sector, media, and pharmaceutical sectors performed poorly, as they had been performing well in the previous two weeks but did not maintain that performance.
What was the advice given about the IT sector despite its recent poor performance?
-The speaker advised that the IT sector is still strong and that small corrections should not be seen as detrimental to the sector's overall trend.
What was the significant change observed in FII (Foreign Institutional Investor) activity?
-There was a significant change in FII activity where they were seen buying more than selling, which was a shift from their previous behavior.
What is the name of the stock that the speaker believes is experiencing a 'rebirth'?
-The name of the stock that the speaker believes is experiencing a 'rebirth' is Campus Active Wear Limited.
What is the importance of the level 316 for Campus Active Wear Limited stock?
-The level 316 is significant for Campus Active Wear Limited because it represents the stock's major resistance level and the breakout from this level indicates a potential 'rebirth' or significant change in the stock's performance.
What is the target price set by the speaker for Campus Active Wear Limited stock?
-The target price set by the speaker for Campus Active Wear Limited stock is 640, which is its all-time high.
What is the stop-loss level suggested by the speaker for the Campus Active Wear Limited trade?
-The stop-loss level suggested by the speaker for the Campus Active Wear Limited trade is around 270, which translates to approximately 151 in terms of the stock's price.
What upcoming event is mentioned in the video that will teach the discussed stock analysis methods?
-An upcoming webinar is mentioned, scheduled for October 20th and 21st, which will teach the methods of stock analysis and selection discussed in the video.

Outlines

00:00

📈 Market Analysis and Sector Discussion

The speaker, Vijay Thakur, welcomes the audience to a new video discussing the stock market. He talks about the market's recent performance, which was previously looking weak but now seems to be approaching a new all-time high. The speaker shares his views on the current market situation and discusses various sectors, highlighting which ones are performing well. He also mentions a stock that he believes has 'rebirthed' and discusses the reasons behind this claim. The video covers the market's movement over the last week, the impact of the Federal Reserve's rate cut, and the performance of mid-cap and PSU stocks. The speaker also analyzes the Nifty 50 index, discussing its monthly time frame chart, important support levels, and the significance of a recent breakout pattern known as the inverse head and shoulders.

05:01

📊 Detailed Stock Analysis and Strategy

In this paragraph, the speaker focuses on a specific stock, Campus Activewear Limited, discussing its past performance, IPO, and recent market behavior. He mentions the stock's high of ₹640 in October 2022 and its subsequent decline, almost reaching a low in March 2024. The speaker identifies a potential 'rebirth' for the stock, supported by a major breakout from an inverse head and shoulders pattern. He provides a detailed analysis of the stock's chart, discusses its registration price, and current trading levels. The speaker shares his personal trading plan, including his target price, stop-loss level, and return expectations based on risk-to-reward ratio. He emphasizes the importance of research and understanding before investing and mentions his focus on price and volume analysis rather than fundamentals.

10:02

🎓 Upcoming Webinar on Stock Analysis Techniques

The speaker announces an upcoming webinar on stock analysis techniques, specifically focusing on methods to identify stocks with potential breakouts and multi-year breakouts. The webinar is scheduled for October 20th and 21st, with the first day dedicated to learning new concepts and the second day to applying these concepts in the market. The speaker encourages viewers to join the webinar to enhance their stock selection skills. He also requests feedback on the video content and reminds viewers to like, share, and subscribe to the channel for more informative videos. The speaker concludes by expressing his excitement to reach 300,000 subscribers and looks forward to connecting with the audience in the next video.

Mindmap

Keywords

💡Market

The term 'market' refers to the various systems and institutions that facilitate the exchange of goods and services between different parties. In the context of the video, it is used to discuss the performance and trends of financial markets, particularly the stock market. The speaker discusses how the market was perceived as poor two weeks prior but is now near an all-time high, indicating a shift in market sentiment.

💡Stocks

Stocks, also known as shares, represent ownership in a company and are a form of equity. They are a key component of the stock market. The video discusses various stocks, their movements, and how they are performing in relation to market trends, highlighting the importance of stocks in investment discussions.

💡Nifty

Nifty is an index that represents a portfolio of 50 blue-chip stocks listed on the National Stock Exchange (NSE) of India. It is used as a benchmark for the Indian stock market. The video refers to Nifty to discuss the overall market trend and its support and resistance levels, which are critical for technical analysis.

💡Technical Analysis

Technical analysis is a method used by traders and investors to forecast the direction of stock prices through the study of historical market data, primarily price and volume. The video includes technical analysis of the market and specific stocks, using charts and patterns to predict future price movements.

💡Support and Resistance Levels

Support and resistance levels are prices at which an asset's price tends to stop and reverse. Support is the price level where the price is expected to find support as it dips, while resistance is the level at which the price is expected to find resistance as it rises. The video mentions these levels in the context of Nifty and how they can influence trading decisions.

💡Breakout

A breakout in trading refers to the price of a security moving past a level of resistance or support. The video discusses breakouts in the context of stock prices, indicating a significant price movement that could signal a trend reversal or continuation.

💡Sectors

In the context of the financial market, sectors refer to groups of companies that operate in the same or similar industries. The video discusses various sectors such as IT, media, and finance, analyzing their performance and potential for growth.

💡Inverted Head and Shoulders

The inverted head and shoulders is a bullish technical chart pattern that signals a potential reversal in the market trend. The video describes this pattern in relation to a specific stock, indicating that it could be a sign of a significant price increase.

💡IPO

An Initial Public Offering (IPO) is the process through which a private company goes public by offering its shares to the public for the first time. The video mentions an IPO in the context of a stock's performance, suggesting that the stock's behavior after the IPO is a factor in its current valuation.

💡Fundamentals

Fundamentals refer to the financial performance and position of a company, including its earnings, revenue, and balance sheet. The video briefly touches on fundamentals, indicating that while the speaker focuses on price and volume analysis, understanding a company's fundamentals is also important for investors.

💡Webinar

A webinar is an online seminar or workshop that allows participants to learn about a particular topic. The video mentions an upcoming webinar focused on stock selection and market analysis techniques, suggesting that such events can provide valuable education for investors.

Highlights

Introduction to stock market discussion: Vijay Thakkar discusses the overall market condition, highlighting that the market, after a difficult period, is approaching an all-time high.

Vijay shares his view on why the market is performing well and what can be expected in the future.

Breakdown of sector performance: Vijay explains which sectors are currently performing well, such as private banks and financial services, and which are struggling, including IT and pharma sectors.

Bank Nifty is outperforming Nifty, almost doubling Nifty’s performance in recent weeks, mainly due to strong buying in large-cap bank stocks favored by FIIs.

Discussion on recent movements in Nifty: Vijay provides a technical analysis of Nifty’s performance, noting key support levels and market strength despite bearish signals earlier.

Bank Nifty’s monthly chart shows a significant multi-year breakout, a rare occurrence in indices, making it more resilient compared to Nifty.

Sector performance review for the week: Real estate, private banks, and financial services outperformed, while IT, media, and pharma sectors underperformed.

Vijay highlights a strong buying trend among Foreign Institutional Investors (FIIs) on Friday, contributing to market strength.

The importance of the dollar index and USD-INR trading levels, both of which are stable, signaling positive market conditions.

Vijay shares a stock pick that he believes is undergoing a 'rebirth'—Campus Activewear Limited, providing technical analysis of its performance and potential future growth.

Campus Activewear’s stock broke out from its 316 resistance level and is now trading around 357, showing a strong reversal pattern.

Vijay advises caution on entry points: Buy between 316 and 330 to avoid the risk of short-term volatility and stop losses.

Vijay’s personal plan: He aims to hold Campus Activewear for the long term, expecting it to reach its all-time high of 640, with a stop loss at 270.

Vijay encourages viewers to attend his upcoming webinar, where he will teach stock selection and analysis methods, scheduled for October 20 and 21.

The video closes with a call to action: Vijay invites viewers to like, share, and subscribe to the channel, as they near a milestone of 300,000 subscribers.