Latest news with #MFI
Time of India
a day ago
- Business
- Time of India
Solana could skyrocket to $6000 — analysts spot classic cup-and-handle breakout
Solana (Binance-Peg) surges past $198 with 9% daily gain What is the cup-and-handle pattern that has Solana bulls excited? Live Events Why are analysts bullish on Solana right now? CoinCentral sees SOL breaking above key resistance between $179 and $189, suggesting a near-term rally toward $295 if momentum holds. sees SOL breaking above key resistance between $179 and $189, suggesting a near-term rally toward $295 if momentum holds. CCN backs that outlook, highlighting a move toward $218, and possibly $300 to $416, if buying pressure sustains. backs that outlook, highlighting a move toward $218, and possibly $300 to $416, if buying pressure sustains. BraveNewCoin has its eye on a golden cross forming near the $183 neckline, which could lift SOL to $201.50 and later $220. What are the wild upside targets for Solana? TradingView analysts say SOL could reach $787 , then $1,314 , and possibly as high as $2,744 , if it follows the full trajectory of past cup-and-handle rallies. say SOL could reach , then , and possibly as high as , if it follows the full trajectory of past cup-and-handle rallies. echoes this, predicting a massive 1,500% surge toward $2,700 if SOL maintains strength above $170 . echoes this, predicting a massive toward if SOL maintains strength above . In the boldest forecast so far, AMBCrypto and Cointelegraph analysts suggest that SOL could skyrocket all the way to $4,390, drawing from a multi-year technical setup. What's fueling this potential breakout? Total Value Locked (TVL) on Solana's network has climbed to over $9 billion , up from just $6B earlier this year. on Solana's network has climbed to , up from just $6B earlier this year. Active wallets are surging, with over 3.3 million now recorded on-chain. are surging, with over now recorded on-chain. ETF optimism is rising, with inflows topping $92 million and growing buzz around a possible Spot Solana ETF approval. is rising, with inflows topping and growing buzz around a possible approval. Technical signals like the MACD, MFI, and Parabolic SAR are flashing green on multiple timeframes. Is the Solana price rally backed by real network activity? Could Solana price really hit $6,000 or more? What are the risks to watch for with SOL? Should investors be cautious or bullish on Solana now? FAQs: (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel is $6K SOL really on the horizon?- Solana price is once again drawing serious attention as it breaks into a bullish pattern that has crypto traders buzzing. As of Monday, Solana (SOL) traded at $195.89, hitting a five-month high and climbing over 34% in the last 30 days. Analysts are pointing to a classic cup-and-handle formation on the charts—a technical signal often associated with major upside potential. If this breakout holds, the sixth-largest cryptocurrency by market cap could surge all the way to $6,300, a jump of over 3,000% from current with Solana still 35% below its all-time high of $295, investors are asking: Is this the start of something big—or another crypto mirage?Solana (Binance-Peg SOL) is seeing a strong bullish move today, trading at, uporin the past 24 hours. This sharp rally comes as momentum builds around a potentialon higher timeframes, which has traders and analysts eyeing significantly higher targets if resistance levels continue to recent price action pushes SOL closer to a critical psychological threshold at $200—marking its highest levels in weeks. If Solana can maintain this upward momentum, short-term targets of, and evenmay come into cup-and-handle is a chart pattern that resembles—you guessed it—a cup with a handle. The 'cup' forms as the asset gradually recovers from a significant decline, creating a rounded bottom. The 'handle' follows, usually a brief consolidation or pullback before a Solana's case, analysts like Trader Tardigrade have spotted this formation developing on long-term charts, including the weekly and two-month timeframes. According to Tardigrade, the pattern has formed over a four-year span, suggesting an extremely strong foundation. He predicts a potential price of $4,800, with others like Robert Mercer and Mister Crypto calling for even more bullish targets around $6, speaking, the breakout will only be confirmed once SOL price clears $250, the neckline resistance. If that happens, the pattern's measured move—from the bottom of the cup near $10 (in Nov 2022) to the neckline—suggests a full target near $6,300 by 2025–2026.A growing number of technical analysts have spotted aon Solana's weekly and monthly charts, identifying the textbook "cup and handle" formation. This classic pattern typically appears at the bottom of consolidation phases and often triggers a strong upward move when the short-term projections, some ultra-bullish analysts are drawing much higher targets based on extended versions of the same no mainstream analyst has put $6,000 on the table—at least not key fundamentals are supporting the bullish narrative:Yes—and that's a big reason why analysts are taking this move daily active addresses jumped 9% in the past 24 hours, according to data from Nansen, showing strong user engagement. More importantly, the network's daily transaction count continues to surge, keeping pace with the blockchain's reputation for speed and low total value locked (TVL)—a key metric for decentralized finance (DeFi) strength—has also jumped sharply. From $6.1 billion on April 8 to $10.3 billion as of Monday, that's a 63% increase in just over three months, per DefiLlama. With this rise, Solana now holds 6.28% of the total DeFi market, second only to Ethereum, which remains far ahead at 68% surge in activity suggests that the price rally isn't just technical—it's being backed by real usage on the it's possible—but not chart setup and momentum both support the idea of a long-term rally. Solana has already skyrocketed over 2,400% since its low of $10 in November 2022. The breakout above $155 confirmed the handle portion of the pattern, and analysts now await a break above the key resistance at $ it's important to remember: not every cup-and-handle delivers on its full target. Research by veteran technical analyst Thomas Bulkowski found that only 61% of these patterns reach their projected means while the outlook is optimistic, it comes with a caution with all crypto, volatility is always in play. A failed breakout or macroeconomic shift (like rising interest rates or regulatory shocks) could stall the the crypto market is known for hype-driven runs that lose steam if fundamentals don't keep up. While Solana's growing DeFi footprint and active user base are good signs, any slowdown in development or loss of trust could derail there's the broader market sentiment—Bitcoin and Ethereum's moves often set the tone for the rest of the altcoin space. If those giants stumble, Solana might not escape the its current level near $195, Solana is still in a relatively favorable range for long-term holders betting on the $6,000 target. The price remains far below its all-time high of $295, offering what some consider a solid risk-reward the next few weeks will be crucial. Watch for whether SOL can break and hold above the $250 neckline—that's the make-or-break level for confirming this the end, Solana's rally is being fueled by both strong technical patterns and a rise in real-world usage, giving bulls plenty to be excited about. Whether it lives up to the $6,300 hype will depend on what happens next on the charts—and current Solana price target from the pattern is aroundHigh network activity, growing TVL, and user growth are backing the Solana price rise.
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Business Standard
2 days ago
- Business
- Business Standard
AU SFB slips 7% after posting Q1 results; brokerages suggest 'Reduce'
AU Small Finance Bank shares slipped 7.3 per cent, logging an intraday low at ₹736.4 per share on BSE. The selling pressure came after the bank's Q1 numbers came in weak. At 9:34 AM, AU Small Finance Bank shares pared gains and was trading 7.2 per cent lower at ₹737.35 per share on the BSE. In comparison, the BSE Sensex was down 0.2 per cent at 81,653.42. The company's market capitalisation stood at ₹55,197.64 crore. The 52-week high of the stock was at ₹840.95 per share, and the 52-week low of the stock was at ₹479 per share. CATCH STOCK MARKET LATEST UPDATES LIVE Brokerages' view on AU Small Finance Bank Q1 results AU Small Finance Bank reported its June quarter (Q1FY26) results on Saturday. Post Q1, the brokerages have maintained a 'Reduce' rating on the stock owing to weak performance. Emkay Global Financial has maintained a 'Reduce' rating on the stock with a target of ₹725 per share on the backdrop of higher valuations (2.6x FY27E ABV) amid a weak core performance and persistent asset quality stress. It also trimmed the FY26-27E earnings by 2-3 per cent. AU Small Finance Bank reported weak core performance, said Emkay Global in its note, with margins declining sharply by 40 basis points (bps) quarter-on-quarter (Q-o-Q) to 5.4 per cent, although higher treasury gains and surprisingly lower non-staff opex, amid bidding for a Universal Banking license led to a 6 per cent profit after tax (PAT) beat, at ₹580 crore/1.5 per cent return on asset (RoA). Further, the asset under management (AUM) growth moderated to 17.9 per cent year-on-year (Y-o-Y)/1.7 per cent (Q-o-Q), largely due to a sharp decline (23 per cent Y-o-Y/7 per cent Q-o-Q) in Unsecured businesses (MFI and Credit Card). This, along with rising stress in the used HCV/SCV segments, Microfinance Institutions (MFI) and the South-based secured mortgage portfolio, led to a 19 bps increase in gross non-performing asset (GNPA) to 2.5 per cent, as also credit cost, the brokerage noted. Nuvama Institutional Equities has also iterated a 'Reduce' rating on AU Small Finance Bank with a revised target of ₹650 per share from ₹530. According to Nuvama, AU Small Finance reported a soft quarter in Q1FY26 with a miss on net interest margin (NIM) and higher-than-expected delinquencies driven by south-based mortgages and a delayed recovery in MFI. Credit cost on credit cards also remained elevated on a downsized book. How did AU Small Finance Bank perform in Q1? In Q1, the small finance bank posted a 16 per cent growth in net profit to ₹581 crore during the first quarter of this financial year. The Jaipur-based bank had earned a net profit of ₹503 crore in the same quarter of the previous fiscal year. Its total income rose to ₹5,189 crore during the June 2025 quarter from ₹4,278 crore in the same period of FY25. Interest earned by the bank improved to ₹4,378 crore compared to ₹3,769 crore in the June quarter of FY25. Meanwhile, net interest income rose to ₹2,045 crore during the quarter against ₹1,921 crore a year ago.
Business Upturn
2 days ago
- Business
- Business Upturn
Bandhan Bank: Buy or sell? Jefferies, CLSA, Macquarie see upside despite MFI stress and weak margins
By News Desk Published on July 21, 2025, 08:35 IST Brokerages remain constructive on Bandhan Bank, despite a sharp year-on-year decline in profit and continued stress in the microfinance (MFI) segment. While earnings in Q1FY26 were impacted by elevated credit costs and subdued margins, analysts believe the worst may be behind, especially if the MFI cycle begins to turn. Here's what the top brokerages are recommending: Jefferies – Buy | Target: ₹215 | Upside: 16% Jefferies raised its target price and reiterated a Buy rating, even after cutting FY26 earnings by 6% and FY27/28 by 3%. The brokerage acknowledged the 65% YoY drop in Q1 profit, though noted that the result was slightly ahead of expectations due to better NII and lower credit costs. Loan growth is now skewed towards lower-margin secured segments, pressuring NIMs, but Jefferies sees reasonable valuations and believes a turnaround in the MFI cycle will be the key trigger. Macquarie – Outperform | Target: ₹210 | Upside: 13% Macquarie maintained an Outperform rating, even as PAT missed estimates, driven by higher slippages and write-offs. The brokerage expects NIM to stay under pressure in the near term and warned of downside risk to FY26 RoA expectations (1.5%). Nonetheless, it continues to back the stock on the strength of its recovery prospects and franchise. CLSA – High Conviction Outperform | Target: ₹220 | Upside: 19% CLSA maintained a High Conviction Outperform and sees 19% upside, even though Q1 core performance was weaker than expected. NII and PPOP missed estimates, while CASA ratio dropped by 400bps. CLSA believes the MFI book contraction will now slow, reducing pressure on margins. It expects the impact of June's repo rate cut to reflect from Q2, helping NIMs to bottom out, and sees credit costs materially improving in H2FY26. However, it cut estimates by 13–36% to reflect lower growth assumptions. Verdict: Buy calls dominate, MFI recovery key to rerating Brokerage Rating Target (₹) Upside (%) CLSA High Conviction Outperform 220 +19% Jefferies Buy 215 +16% Macquarie Outperform 210 +13% While operational stress continues—especially in the MFI book and NIM profile—brokerages agree that valuation is supportive and that improving asset quality and margin stabilisation in H2FY26 could unlock further upside. Disclaimer: The brokerage views expressed are based on publicly available research reports and do not constitute investment advice. Readers should consult a certified financial advisor before making any investment decisions. Ahmedabad Plane Crash News desk at
The Herald Scotland
3 days ago
- Politics
- The Herald Scotland
The Highland reserve where millionaire wants to release wolves
The wolves, of course, are not here, yet. But, owner and heir to the MFI fortune, Paul Lister, has long been infamous as the man who wants to release them, here in remote Scotland, in a giant enclosure contained by 30,000 metres of fence. In 2003, Lister bought Alladale with a vision to create an enclosure into which he could release wolves. The reserve, at 23,500 acres, was not big enough and it was evident such a project would need a neighbour on board to make the 50,000 acres that might support two packs. At the time, there wasn't such a supporter and collaborator – and, as yet, there still isn't. Opposition to wolf reintroduction in Scotland has been vocal amongst farmers - and the NFUS has described it as "unacceptable". In 2018, Fergus Ewing, then Cabinet Secretary for Rural Economy, said reintroduction of large predators would happen 'over my dead body'. Yet still Lister persists with his enclosure proposal. Two decades on, you would think he might have given up, but he is as calmly, and genuinely determined as ever. Lister recalls that when he first arrived, he found himself surrounded by 'very traditional landowners'. Back then media articles ran headlines like 'Is introducing wolves back into Britain howling mad?' His view on wolves hasn't changed much. 'I always think that wolves would be absolutely perfect to go back into the Highlands,' he says, 'but not in the freedom of the countryside, not running around – inside a big enclosure. My problem is that one of my neighbours is not particularly progressive in thinking, and he's rather stuck in bit of a time warp. But it's coming. There will come a time when people will see what the potential is, but it's slow.' The wolves may still seem a long time coming, but the new young forest is slowly arriving. Over a million native trees have been planted, and, alongside this, to protect them from browsing by deer, deer numbers have been reduced from 25 per km square on the estate, to less than six per km square. Kate Heightman, TENT outreach manager, stands atop a jeep at Alladale Wilderness Reserve (Image: Gethin Chamberlain) What was a small fragment of Caledonian Pinewood at the reserve has been expanded. The wood, which is the most the second northerly fragment of this rare habitat, had been categorised by NatureScot as being in 'unfavourable' management and declining condition. Restored by fencing a much bigger area encompassing the fragment and replanting this enclosure with more than 180,000 trees to relieve the deer grazing pressure and give an opportunity for seedlings to grow without the risk of being eaten, it is now classed as being in 'favourable' management and recovering condition. When Lister arrived there were between 3500-5000 veteran pine trees, so old they are no longer producing viable seeds or the potential to spread forest unaided. The Alladale team knows there had been more trees - that much, they say, can be seen from the 1000-year-old trunks buried in the peat. As a result of the deer control, says Heightman, one of our guides on a media tour of the reserve organised by The European Nature Trust (TENT), there has been natural regeneration. 'There was a fear that the deer control would create a vacuum. But the helicopter deer count found that Alladale had the lowest density compared to other estates that had counts of up to 29 per km square.' The deer, Lister describes, are the trees' 'nemesis'. The ubiquity of these monarchs of the glen is also sometimes given as a case for the reintroduction of wolves. A University of Leeds paper published last year modelled that control of red deer by wolves could lead to an expansion of native woodland that would take up - or sequester - one million tonnes of CO2 each year. 'We've actually,' Lister says, 'reduced our deer herds from 2500 to 500. That allows for huge amounts of vegetation recovery, which is what we need. We need trees to recover. And if you have too many deer in an area, it's impossible.' But that nemesis, especially the imposing stag, does not go unadmired, neither amongst our group of visitors, nor those at Alladale who control it. Reserve manager and former gamekeeper, Innes MacNeill describes the species as his 'favourite 'animal. In the past, he says, he has been asked, 'So you enjoy killing your favourite animal?' MacNeill is a true local, who joined Alladale as a deer stalker in 1991, long before the arrival of Lister and his rewilding, whose grandfather was a stalker and poacher. He shot his first deer here, he says, when he was 'very young'. He also argues in favour of some of the old ways too – for instance muirburn. 'Fire is a tool in the toolbox. I would do it for fire breaks. You can see up there there is nothing growing in the understory. Heather is preventing tree growth.' 'Fire is a natural thing. It occurs everywhere in the world. But historically we over burnt it for sheep grazing and deer to graze on.' 'We're not trying to get rid of deer,' he says. 'Deer have an active role to play here.' Young new pines at Alladale (Image: Gethin Chamberlain) The result of this deer control is, for those of us staying at Alladale Lodge, plenty of venison on the table, butchered in a larder on site. The rest of the meat is sold through the local game dealer. His own view on Lister's approach has shifted from former scepticism. 'Did I think Paul was mad? Of course I did. But I've travelled all over the world and seen places in Yellowstone, Romania and South Africa. Do I see an opportunity here? Most definitely. But it's about winning hearts and minds.' He is also seeing how this new model can work as a business. He insists: 'This is a reserve, not an estate. We are probably employing around three times what our neighbours would employ. We keep our tradesmen local as well." In an area of depopulation, blighted by lack of affordable housing, not far from Croick, where in 1845, 80 people who had been cleared from the land found refuge in the churchyard, people are an important factor. The question, as MacNeill puts it, is 'How do we keep people here?' The jobs offered by a reserve like this is one such way. 'Calling it a wilderness reserve,' he explains, 'was a way to break away from this Victorian idea of the estate.' He is not, however keen on the word rewilding. 'Rewilding is how it's interpreted. We're about reconnecting people to nature." When it comes to rewilding, the terminology is slippery. Wild is an increasingly disputed term – are any of Scotland's wild places untouched by humans? – and also many, including Innes MacNeill, don't like the term rewilding. 'This is not wilderness,' he says, pointing to the grand sweep of moor rising up from the glen, 'but it's wild managed land.' 'Do not tell me,' he says, 'this is not wild. Even wilding would be a better term than rewilding. Nature recovery is the word. If I go to my neighbours and say, Let's do rewilding, the door will be slammed in my face. If I say, let's do some riparian restoration and planting, it's different." Innes MacNeill, reserve manager, at Alladale Wilderness Reserve (Image: Gethin Chamberlain) The wolf plan, says MacNeill, would happen via 'a special derogation to create an African-style game reserve with two packs of wolves.' To create the enclosure would require 30,000 metres of fence, a barrier that has triggered opposition from some voices for 'right to roam'. MacNeill sees it as worth a try: 'Run that experiment for 25 years, just like a wind farm.' 'The general public has to want it,' he adds. 'I'm a Highlander. I'm from here. No one wants to see wealthy absentee landlords tell us what to do. But when it comes to wolves, we need to talk about it in a more civil and adult way. We can live together. But we've lived apart for a long time now. We are the only country without an apex predator in Europe.' He adds, pointing at another human in our group, 'You're looking at the apex predators here.' That relative absence is striking, when you look at any map of the location of wolves across the continent. Only the British Isles is wolfless – and with no way of the species swimming the North Sea, it can only roam these lands again through reintroduction. Lister has been rewilding Alladale for over two decades now, pushing the landscape through its slow process of change via planting, deer control, introduction of Highland cattle and other measures. These days, he does believe that some neighbouring landowners are 'listening'. 'They are progressing in their way,' he says. 'So it's good. I've seen some change in the mindset of even my neighbours.' Both MacNeill and Lister believe they have seen a shift happen around them. It has happened in the wider public, a poll of whom revealed a majority. But they also think it has happened amongst landowners. 'I 100% think people are moving towards our view, on reforestation' says Lister. 'I get calls monthly from landowners in Scotland wanting to come up and visit.' Highland cattle at Alladale Wilderness Reserve (Image: Gethin Chamberlain) But the Scottish Government has no plans to reintroduce wolves or any other large carnivorous species into Scotland, a statement which First Minister John Swinney reiterated earlier this year after lynx were illegally released in the Cairngorms. When Lister bought Alladale, a 23,500 acre stretch of wilderness near Ardgay spanned by a ridge from which it's possible to see both east and west coast, he wanted to distinguish it from the kind of hunting, shooting and fishing estate it once was. Previously its most flamboyant tenants were Sir Henry and Lady Valerie Meux (famous for driving herself around London in a phaeton drawn by a pair of zebras), who provided stalking, fishing and grouse shooting for their friends on a grand scale. But Lister has a different approach from past owners and tenants. He regards himself as the custodian of Alladale and insists on calling it a reserve. His mission to regenerate and restore nature was inspired by what he has seen in Romania. In 2002, after his father, Noel, suffered a stroke, he went, he has said "into a dark place", following which he decided to reinvent himself, and consider what legacy he might have. At that point he set up TENT ahead of purchasing Alladale. Its goals were to 'protect and restore wild areas of species'; 'create 'noise' for nature'; 'connect people to nature.' It's not only wealthy wilderness tourists, booking themselves a stay at Alladale Lodge or journalists like myself who are invited to visit, but also local young people. A schools project here is about rewilding the young. Though Lister's wolf plan has triggered a backlash from some right to roam campaigners, he is himself an advocate of public access and right to roam and the idea of connecting people to nature. 'When you've got 70 million people living in the country the size of Britain,' he says, 'and you try and exclude them from 50% of private owned land, that's not particularly good. We want people to go into nature. We want them to fall love with nature. We want them to want to save nature. So if we just decide to shut it all off, that's not helping the cause.' Alladale is just one of Lister's projects. TENT supports work by the Foundation Conservation Carpathia, which is 'creating Europe's Yellowstone' in Carpathia, is helping build jaguar tourism and Belize, as well as funding organisations in Spain and Italy working with lynx, bears and wolves. Wolves may still be a long way off release in Alladale, but the reserve has done some work on introduction of another predator. Their Scottish wildcat project with RZSS contributed several cats to the Highland Wildlife Park, whose kittens went on to be released in the wild. I visited their wildcat enclosure, where the cats could be seen clambering over branches and ladders, for all the world like domestic kitties. A Scottish wildcat at Alladale Wilderness Reserve (Image: Gethin Chamberlain) But Scotland is not moving forward at any great speed on reintroductions. Even beavers, it turns out, are not likely for some time at Alladale. As yet, the reserve has no plan to reintroduce the species since the habitat is not ready – more willow would be needed. 'Not enough wooded debris,' MacNeill says. Wolves also seem a long way off, with the National Farmers Union of Scotland firmly against them. They are also not what rewilding charities are pushing for. The general view is that the first big apex predator for reintroduction would be the lynx, and an alliance of charities including Scotland the Big Picture, Trees for Life, TENT and Lifescape has come together in the Lynx to Scotland partnership. The campaign, including consultations and research, is having an impact, which has arguably been enhanced, rather than diminished by the recent illegal dumping of lynx in the Cairngorms. What was at first suspected to be a guerrilla rewilding was later considered more likely to be the tragic dumping of neglected exotic pets. READ MORE: A poll conducted by Survation in January for the Lynx to Scotland Partnership, showed that support for the return of lynx to Scotland had increased to 61% – rising nine points since the last such survey in 2020. Nor is the possibility entirely distant, since a licence application for lynx reintroduction via the Lynx to Scotland project looks possible in the next coming year or two. That said, the lynx isn't likely to be seen any time soon at Alladale. The problem for the reserve is that the habitat isn't quite right for this shy, arboreal cat. 'Wolves,' says Innes, 'could hunt in this landscape tomorrow, but the lynx is an ambush predator and there are not enough trees.' It also doesn't help that the trees would be inside their own enclosures and the deer outside. One of Lister's arguments is that wilderness tourism employs more than agriculture or field sports. 'When I arrived, there were two and a half members of staff, and they number 12-15 in season.' 'Alladale is a beacon of hope and a beacon of a new way of running a landscape. Rather than employing two shepherds. I've got 14 full-time members of staff. I'm hosting 1000s of people, school kids and adults through the year, as opposed to a few mates who want to go deer stalking.' However, this man with a vision for returning the landscape to nature is not really himself someone to turn to for too much hope. 'You've come to the wrong person for hope, I'm afraid,' he tells me. 'You might try and drag it out of me. I do what I do because I need to have a purposeful life. I need purpose, and I love what I do. But I'm afraid, if you were to listen to George Carlin, you would realise that we're just one big experiment that's not going particularly well, humans.' Lister believes that one of the issues is that humans don't like change. 'They're creatures of habit, and change comes with challenges. If it's slightly uncomfortable, then we won't do it. I'm afraid to transcend what we need to transcend, there's going to be some discomfort. Otherwise, no pain, no gain.' Already, he says, there have been 'landscape-scale changes' at Alladale, and he is proud of them - the reforestation as well as the rise in biodiversity, including eagles, red squirrels, pine martens and badgers. Changes happen, the team at Alladale tell me, on a slow scale. There is no rushing the process of creating a forest, particularly not in these cool climes where trees grow at a slower rate. 'It's the Highlands of Scotland,' says MacNeill. 'It will take a long time. Nature recovery in this part of the world doesn't mean you'll see wildlife all over the place. It's going to take time. We've abused the landscape for centuries. We're not going to rebuild it in 25 years.'
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Business Standard
5 days ago
- Business
- Business Standard
F&O Strategy: Analyst suggests Bear Spread for Hindustan Aeronautics stock
F&O strategy: Short-term trend of the Hindustan Aeronautics turned weak, while it is positive for LIC Housing Finance Nandish Shah Mumbai Derivative Strategy Bear Spread Strategy on Hindustan Aeronautics Buy HAL (31-July Expiry) 4,800 Put at ₹112 and simultaneously sell 4,600 Put at ₹38 Lot Size: 150 Cost of the strategy: ₹74 (₹11,100 per strategy) Maximum profit Rs 18900 If HAL closes at or below 4600 on 31 July expiry. Breakeven Point: ₹4,726 Risk Reward Ratio: 1:1.70 Approx margin required: ₹25,000 Rationale: Short build up is seen in the HAL Futures where OI rose by 6 per cent with price falling by 2 per cent. Short term trend turned weak as it is placed below its 5, 11 and 20 day EMA Stock price has broken down on the daily chart with higher volumes. Momenutm Indicators and Oscillators are showing weakness in the stock. Bull Spread Strategy on LIC Housing Finance Buy LIC HOUSING (31-July Expiry) 640 Call at ₹12.3 and simultaneously sell 660 Call at ₹5.3 Lot Size: 1,000 Cost of strategy: ₹7 (₹7,000 per strategy) Maximum profit: ₹13,000 if LIC HOUSING closes at or above ₹660 on 31 July expiry. Breakeven Point: ₹647 Risk Reward Ratio: 1:1.86 Approx margin required: ₹33,500 Rationale: Long build up is seen in the LIC Housing Futures during the July series till now, where we have seen 9 per cent rise in open interest with price rising by 2.60 per cent. Short term trend remains positive, as the stock price is placed above its 5,11 and 20 day EMA. Primary trend is positive as the stock price is placed above its 100 and 200 day EMA. Oscillators like RSI and MFI are in rising mode and placed above 60 on the daily chart, indicating strength in the current uptrend.
