EXIDE INDUSTRIESshare 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 is 150 for this script
thanks
Bat
LAXMI ORGANIC - 77% RETURNS!!!BUY - LAXMI ORGANIC INDUSTRIES LTD
CMP - Rs. 265
Target - 1: Rs. 321
Target - 2: Rs. 377
Target - 3: Rs. 469
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Technicals -
1) Bullish Bat, Sea Pony, Anti Nen Star Harmonic Patterns.
2) Trendline Breakout
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Fundamentals -
1) Sales growth is growing at a healthy rate in the last 3 years 27.94%.
2) Net Profit is growing at a healthy rate in the last 3 years 38.96%.
3) Sales growth is good in the last 4 quarters at 24.95%.
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Follow me for more!
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This is a view by an expert analyst, please trade at your own risk.
SUZLON ENERGY - 65% RETURNS!!!BUY - SUZLON ENERGY LTD
CMP - Rs. 7
Target - 1: Rs. 9
Target - 2: Rs. 10.65
Target - 3: Rs. 11.65
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Technicals - 1) Bullish Bat Harmonic Pattern.
2) Targets set using Fibonacci Retracements.
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Comment: Target - 3 will be achieved in 4-8 months.
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Follow me for more!
HITACHI ENERGY INDIA LTD : SUMMERS HAVE KNOCKED THE DOORHitachi Energy India Ltd is an India-based power technology company, which is engaged in the business of power technologies and provides a range of grid portfolios across the entire value chain. As Summers are approaching , the stock has started showing off its mood. We have seen a breakout at triangle formation. Entry to be taken only after Re-testing of the support at 3184.90.
Awesome Oscillator indicator also showing trend line broken indicating an upward movement.
Long Term target is 4034.30 with stop loss at Support 3132.30
Boost my study , if you agree with me !!!
INDUS TOWERshare name : Indus towers ltd
call type : positional
- we can see a double bottom. bullish engulfing candle on weekly and monthly time frame also.
- share is forming a bearish bat pattern with
descending triangle pattern
- on support area around 180 (a good
consolidation can be seen)
- approachable targets 230, 259 with sl of 175
thanks
Bearish Double Top - Capital Goods Index - Expect CorrectionStraight Double Top Bearish Pattern on Capital Goods Index - Note this is on weekly timeframe
SL for shorts mentioned
All targets on the chart
Expect downside correction of 10 to 20 % over next 5 to 8 weeks
The index consists of 25 stocks - 8 FnO Stocks & 17 Cash Stocks. Constituents are -
ABB India Ltd
AIA Engineering Ltd
Bharat Electronics Ltd
Bharat Forge Ltd
Bharat Heavy Electricals Ltd
Carborundum Universal Ltd
Elgi Equipments Ltd.
Finolex Cables Ltd
Graphite India Ltd.
Grindwell Norton Ltd
Hindustan Aeronautics Ltd
Honeywell Automation India Ltd
KNR Constructions Ltd
Lakshmi Machine Works Ltd
Larsen & Toubro Ltd
Polycab India Ltd
Praj Industries Ltd
Schaeffler India Ltd
Siemens India Ltd
SKF India Ltd
Sona BLW Precision Forgings Ltd
Suzlon Energy Ltd
Thermax Ltd
Timken India Ltd.
V-Guard Industries Ltd
FnO Stocks are -
ABB India Ltd
Bharat Electronics Ltd
Bharat Forge Ltd
Bharat Heavy Electricals Ltd
Hindustan Aeronautics Ltd
Larsen & Toubro Ltd
Polycab India Ltd
Siemens India Ltd
Let's see which way the story unfolds. Happy Trading!
Disclaimer -
- The view expressed here are my personal views. I am publishing this for my own records and what I see on charts.
- If you're referring to this, please consider this ONLY FOR educational & research purposes.
- Past performance is not a guarantee for future predictions
- Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion.
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do your own analysis and consult your financial advisor before investing.
TIA!
Reliance at a crucial levelBroken long tern trendline, can it regain it?
Will reliance take support on the neckline or break it?
RSI on hourly chart shows positive divergence
I think it will bounce from here or will it take nifty to lower levels along with it.
Can be weak after a close below 2285
Stay tuned
Bullish Bat in MCXRules of bullish bat
B retraces 0.382 to 0.5 of XA.
BC retraces 0.382 to 0.886 of AB.
CD is a 1.618 to 2.618 extension of AB
D is at a 0.886 retracement of XA
But in our chart there will be small differences and deviation but according to the adjustments the ratio need to be matched .
However with perfect ratios it is rare to find but most of the time with some deviation it works
Bullish Bat in hdfcRules of bullish bat
B retraces 0.382 to 0.5 of XA.
BC retraces 0.382 to 0.886 of AB.
CD is a 1.618 to 2.618 extension of AB
D is at a 0.886 retracement of XA
But in our chart there will be small differences and deviation but according to the adjustments the ratio need to be matched .
However with perfect ratios it is rare to find but most of the time with some deviation it works