CA_Chetanbhasin

CA_Chetanbhasin

Affle India: Symmetrical triangle breakout, after retracement the stock is moving upwards. The levels of 1420/1600+ likely.

CA_Chetanbhasin

Awaiting symmetrical breakout in AMI organics above 1180 for targets of above 1400 and sustaining above likely to open levels for 1800

CA_Chetanbhasin

Laxmi organic in descending triangle formation continue to respect 225 support zone. Breakout zone above 274 that will open for targets of 321/348 and long term 471

CA_Chetanbhasin

SRF fresh symmetrical triangle breakout, the stock needs to close above 2554 for the targets ranging to 2800 and long term open for 3300

CA_Chetanbhasin

Markets were sideways until it broke the narrow wedge after touching the all time high levels. Now the critical support levels of the markets are 21930 followed by 50EMA levels of 21860. Any drop below 21860 will likely to open the levels for 21500/21358. While on the flip side the resistance level will be 22080/22300.

CA_Chetanbhasin

The Q3 results season is about to close and the NSE 200 Companies result summary came with a mixed outcome wherein 38% companies beat the estimate while 48% misses the same and the rest were in line. Sectors in terms of earning estimates 🔸Auto, FMCG, banks & utilities sectors saw higher beats & in-line earnings 🔸Financial services (ex-banks & NBFCs), industrials...

CA_Chetanbhasin

Stock is testing Flag & Pole, key and important levels now to sustain is 471. RSI & MACD is at present neutral to positive but not bullish. However, the stock is witnessing a good volume. Thus, it may test a bit of patience but it kept will likely to witness levels beyond 700+

CA_Chetanbhasin Updated 

REC A decade long consolidation likely to break. On valuation front: the PSU is undervalued with PEG of 0.36 and 0.63 times book value. Technically On Monthly charts H&S pattern formation happening breakout will likely to take the stock to 195 as T1 Decade range breakout will have T2 which can take the stock to 225 CMF Shows accumulation forming in the stock...

CA_Chetanbhasin Updated 

Radico Khaitan after breaking symmetrical triangle doing retracement. Sustaining above 1130 will likely to open higher levels

CA_Chetanbhasin Updated 

Growth strategy Focusing on >125cc in the domestic motorcycle market Partnership with Triumph, the launch is expected soon in FY24 The company plans to extend its e-2w range of products in FY24E in both 2Ws and 3Ws Recent partnership with Yulu, a shared mobility player Global growth with entrance in Brazil/Egypt

CA_Chetanbhasin Updated 

Stock to watout for- Symmetrical triangle breakout! Understand what is Symmetrical triangle! 1. Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. 2. The breakout for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or...

CA_Chetanbhasin

The stock retraced from Golden Fibonacci ratio and formed cup & holder formation. Breakout above 77 will likely open the stock to the levels of 86 (T1)/ 103 (T2). Afterwards, there is a possibility of much larger Elliot motive wave rally to begin for targets of 180 (T3) and finally will be waiting for the final wave to 310 (T4).

CA_Chetanbhasin Updated 

The key Business Objectives of the company is To facilitate Railways in modernizing their operation and safety systems and network by providing communication infrastructure. To plan, build, develop, operate and maintain a nationwide broadband telecom and multimedia network to supplement national telecom infrastructure and to spur the growth of telecom,...

CA_Chetanbhasin Updated 

The stock is on a verge of giving Inv H&S breakout neckline resistance is 4920 sustaining above will open for higher targets

CA_Chetanbhasin Updated 

AstraZenecaa Pharma India Ltd is engaged in the business of manufacture, distribution and marketing of pharmaceutical products The company is promoted by AstraZeneca plc, a multinational pharmaceutical and biotechnology company headquartered in England The company offers pharmaceutical medicines under notable brands such as Brilinta, Forxiga, Crestor, Tagrisso,...

CA_Chetanbhasin

Nifty began the new year on a flat note with mix opinion on valuation, General elections, Lower than estimated Government spending, Higher inflow's in the debt market, etc. Nifty closed 2023 with an average return of 20% registered 8 consequent positive returns. 2024 will likely to be an Year of high volatility or can be called an year of retracement and likely...

CA_Chetanbhasin

Prince pipe witnessed a fresh breakout. Multiple breakouts on weekly charts (Inverted Head & Shoulder) & (Flag & Pole) Breakout coming after 2021, likely to open for an upside till 1000+ levels

CA_Chetanbhasin

Infoedge on monthly charts has given a breakout of cup & holder formation. 4692 happens to be a very critical resistance for the stock. Any breakout above 4692 will be a start of an upward rally to 5646 (22% upside). Wherein, the stock may consolidate and start for fresh bullish wave to its previous all time high of 7390 which will also be Target 2, reaching that...