Apollo Micro Systems, a 40-year-old Hyderabad-based company led by B. Karunakar Reddy, has grown into a major player in India's defence and space sector. This publicly traded firm, with 350 employees including 150 engineers, prioritizes R&D and homegrown technologies, serving Defence and Space departments. To capitalize on the rising demand for indigenous defence...
IRB Infrastructure has been consolidating on weekly timeframe for a very long time and has created a good BASE for upcoming rally, it is also near its All Time High Prices absorbing the SUPPLY, as well as we can clearly see the 50 Daily EMA + 200 Daily EMA following the price and Volume Dryups for Red Days and on Green days significant VOLUME activity and we also...
ALLCARGO TERMINALS near ith ALL TIME HIGH with good VOLUME PICKUP as well as good BASE FORMATION and 50 Daily EMA following the price could be a QUICK MOVE to the upside for a 10-20% move.
AAA Technologies has made a good BASE formation with rise in VOLUMES and is also near ALL TIME HIGH with good SUPPLY absorbtion and even 50/200 EMA is following the price well can be good for short/mid term rally
Homefirst Finance seems good for the upcoming month which has earnings in December, it is also near its ALL TIME HIGH with WEEKLY action looks like the price is CONTRACTING or SUPPLY ABSORBTION, alse fundamental rise in QTR profits with GOVT Housing PUSH.
200 EMA is just a bit of concern as it is lacking.
Entry: above 130
Target: 180
SL: below 119
EMA's : EMA 21 > EMA 50 > EMA 150 > EMA 200.
Price breaking out from 10 Week base.
Price Up by more than 100% before forming base.
NSE:SJVN
This company is into THERMAL / HYDRO / RENEWABLE power generation and distribution.
Key technicals:
- The stock price has made a huge base breakout on weekly charts closing above previous high made somewhere in 2018
- Volume has been consistently increasing over the past few weeks
- The stock returns have largely outperformed the nifty returns since...
There's some interesting price action happening in Edelweiss Fin After a strong base formation it gave a Breakout with good volumes expansion. It retested thrice on the same support of 51 giving the stock a strong bounce every time. After it broke out it halted and started going for a pullback and that too with dull and weak sellers' interest and this low volume...
Entry : 249-250
Target: 275/283
SL : 240.5 (closing basis)
Notes:
Stage 2 stock
Formed 9 week base
Breakout form base with good volumes
Retest with lower volumes
Completing round bottom on monthly chart
Entry: 510
Stop Loss: 489
Target: 623
Notes:
Breakout from base with good volumes
Retest with lower volumes
Price at EMA 10
Price looking to complete round bottom on higher time frame
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL...
Suggested by @monkmaxims
Most Textile sector stocks are breaking out of their bases. This is setting up in a flat base for 6 months on good volumes (Monthly chart shows ATH volumes).
Hopefully we'll see a breakout soon.
Moving along with sector.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle /...
