Pricol Limited is an automotive components and precision engineered products manufacturer. Stock is in a Bullish channel and FIIs and DIIs are making positions. CMP looks good to me.
NOTE: I'm not a SEBI. REG. Study before investing.
Eicher motors after made a higher high and Consolidated,
to kickout weak hands out, stocks came down for retracement.
Wait for the levels mentioned to see PriceAction and Enter into trade with StopLoss.
Good RR for Swing Trade.
Hero motors stock has formed a cup and handle pattern from past 4 years.
A breakout of this pattern will unlock new highs for the stock.
From investment POV, stock offers attractive dividend yield of more than 3% at CMP.
Some ratios from fundamental analysis are:
D/E is almost 0
PE is 20 at CMP
For trading purposes, stock is risky considering...
In daily time frame it's follow side base trend . Due to quarterly report revenue was down by 2.91%(-2.905B). For long term view it's a bullish .
But here support was 165.35 and resistance 190.
If it break 190 resistance with great volume and take a retrace at this level then you can make position for long term .
Hello and welcome to this analysis
Maruti has been a rank outperformer now for 2 decades. Stock has currently reacted to a resistance suggesting probability of some more pullback.
Overall stock has tremendous potential for further upside over medium to long term. Investors could look at an opportunity to add via SIP in the broader range 9500-11000 while traders...
NSE:AMARAJABAT Amara Raja Batteries Limited (ARBL), the flagship company of the Amara Raja Group, is the technology leader and is one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry.
Bullish harami candle pattern breakout done and breakout of 45 days consolidation done...
Ashok leyland has been consolidating in a cup and handle pattern since 2019 and is on the verge of a breakout.
A weekly closing above 170 will confirm the breakout which will the stock to 200+ levels in short time. Stock is looking bullish and can be added on dips upto 155 with a SL of 144 DCB.
Chart looks similar to Midhani which gave a sharp upmove after...
📊 Pattern: Falling Wedge Stock May Break down
📌 Symbol/Asset: HERO MOTORCORP LIMITED
Stock in bearish momentum may break down
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Nifty auto is forming a great chart pattern.
One of its contributors, hero motocorp is showing a good pattern with the first fib target of 3300-3312. Myself entered in call options today early in the morning. Looking at the movement till now, confidence increased to hold till july end!
Bullish setup for sure. Lets hope the bulls support us on this :D
NSE:MOTHERSON looks very strong on charts. The rally is sustainable in my opinion as the auto sector is in tailwinds and is doing well at the moment. The share formed a double bottom around 60 and has since rallied back up. Previous high could be a good target and therefore, levels of 120 can be expected in the coming months. If the stock breaks above 120, then...
BALKRISHNA INDUSTRIES is looking good for a swing trade above levels of 2230(weekly candle breakout and retest) for targets of 2400/2600/2700 and sky is open above all time highs for bigger targets , a series of higher lows showing buyers coming and need a breakout above 2230 for a possible trend change towards upside , RR looks favourable
share name : exide industries
call type : positional or investment
- share is forming a double bottom pattern with
bullish divergence, morning star on c point
- expanding wedge on bigger time frame
- we can accumulate this share at this level and
wait for breakout above b point, then we can see targets of 284(bearish bat ) or 414 (bearish crab)
- stop loss...
Attached: HEROMOTOCO/ NIFTY AUTO Weekly Chart as of 28th April 2023
The Chart is Clearly indicating a Terminal Wave in the form of an Ending Diagonal with a Massive Bullish RSI Divergence
So long Hero MotoCorp has been ignored by the Market and Underperforming within the Auto Index
Get Ready Now because the Stock will see a Change in Trend from Down to UP