Positional Pick !!
Clear Trend Reversal on charts with Inverse Head and Shoulder Pattern on daily charts. Price clearly breaking the resistance with good volume. Inverse Head and Shoulder can also be seen on Monthly Charts. So can breakout soon on longer time frame as well. Can turn out to be a goof investment after monthly breakout.
Good trend and good fundamentals are the reason why I like this smallcap stock.
Its surely a portfolio stock is you got risk appetite for a small company, can give good returns in the future!
DMAT (Avenue Supermarts) is ready for big movement. Let's have a look at the weekly chart where in you can see that the stock is standing at 3317 levels and sustain above 3300 levels we can see the stock ride towards 4000+ levels in the coming 3-4 months time frame. The stock can be brought with the stop loss price at 2972 on closing basis.
The contents presented...
Crompton Greaves Con is involved in the business activities of Manufacture of electric lighting equipment.
The Stock broke out a trendline resistance and has almost completed its retesting. There is a Cup & Handle Formation on charts and the stock is ready to breakout. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed...
Rallis India belongs to the Industry of Agro Chemicals/Pesticides.
The Stock has formed double Double Bottom on Charts and there is a clear breakout with excellent volume. The stock from a technical standpoint is comfortably placed above its key moving averages, around 13% and 17% from 50DMA and 200DMA.
The Company is fundamentally sound with a reasonable debt...