IEX took support at 117 which is 61.8% Fib Level. Another support formed at 130. Chart & RSI is about to breakout.
Looks like total market index is in consolidation zone. Weekly Candlestick showing evening star bearish pattern. RSI(34) is below it's moving average
Given that Gas distribution is breaking out, a perspective of Petronet LNG on monthly chart. Currently Wave 2 to 3 in progress.
Custom index on mineral breaking out in chart. RSI(34) yet to breakout
Chemicals custom index made on following stocks by top M.cap and also some fundamentally good companies Pidilite, SRF, Linde, Flurochem, FCL, Deepak nitrite, GHCL, ACI
Silverbees been moving silently. Hit ATH. Flagpole is the target. Commodities time. Metals & commodities stocks are doing good.
Custom index created by top M.cap companies in gas distribution sector with Adani total gas, GAIL, Gujgas, IGL, Petronet. Trendline breakout. Petronet already made ATH.
Among E-Commerce sector, Zomato, Infoedge(Naukri), FSN(Nykaa), One97(paytm), Indiamart, Easytrip, Justdial are the top 7 companies by M.Cap. Created custom index among 7 and shows clear breakout in weekly chart & RSI Among them Infoedge is profitable in 5Y period with good technical chart but high valuations
Insurance sector getting better. Icici Pru Life breaking out the neck line of inverted head and shoulder pattern in weekly chart. Inverted H&S is bullish pattern. Breaking out after 2.34Y Height of the head is 228.05 which is an ideal target 848.05. Fib retracement 261.8% - 861.8 also comes near to that target. Pivot target 3 is at 887.05. April month has...
Insurance sector seems to be getting better. Among them Icici pru life technically good.
Latent View Analytics Ltd provides analytics services such as data and analytics consulting, business analytics & insights, advanced predictive analytics, data engineering, and digital solutions. IT sectors may've revenue shortage but margins are stable as per news.
Let's assess the maximum drawdown this stock has given in the past from its ATH 24.10% since oct '23 - twice. 39.5 to 44.53% between 2021-2023 - 3 to 4 times Let's assume today's high as ATH & expect to fall from Monday. Why? Despite huge volume, there is also huge selling pressure at 840. Hence the long wick at the top of the candle. Shooting star candlestick...
Auto Ancillaries sector looking good in weekly timeframe. Smallcap : BANCOINDIA, FIEMIND, SHARDAMOTR, RBL, LUMAXTECH, JAMNAAUTO Midcap : SHRIPISTON, SANSERA, ARE&M, ROLEXRINGS, SUPRAJIT Largecap : SONACOMS, UNOMINDA, TIINDIA Jamna auto made a stellar breakout with volume on Feb 26. It's evident on Mar 11, despite selling, buyers pushed the stock leaving...
Chemical sector technicals has good setup in daily chart and improving in weekly chart.
Chemicals technical got better in daily chart. Weekly chart improving. Sector leader Pidilite Industries Q chart
Impact that you see in smallmidcap indices 1. SmallCap 100 index has been travelling 1 way route since Feb '23. ~92%. 2. SmallCap 100 index reached 161.8% fib level. 3. SEBI has expressed worry over the substantial 92% increase in small-cap fund inflows during the first 10 months of this fiscal year, compared to the entire previous fiscal year. This surge has...
ShareIndia looking to breakout the Flag. Daily chart volumes building. Target should be flag pole. Good risk to reward ratio for long term. ShareIndia has excellent fundamentals. Great ROE, OPM, Profit and Earnings growth Disclaimer: No recommendation.
Cup holder is a bullish pattern. Cup height is the usual target & it could even rise above that. Since KSL was listed, it has formed 6Y base & it rose around 145% from breakout. Did Fib retracement for the recent handle from top to bottom. Now another 6Y has broken out & so far reached 80% which is fib level 261.8% of the handle top to bottom. If I project to...