Bluechips4u
UNION BANK OF INDIAHello & welcome to this analysis
Bank stock currently consolidating near a support in short term appears wobbly.
Below 125 it could slip down to 110-90 where it could once again see smart money buying it.
Resistance for now between 145-155, only above that in my opinion it would see any upside momentum
Overall medium to long term outlook appears very bullish, dips would be an opportunity to add.
Happy Investing
SILVERHello & Welcome to this analysis
Silver has activated a Bullish Harmonic Gartley in daily time frame
MCX Silver due to budget day duty cut has seen the pattern gone invalid but appears likely to bounce back along with Comex Silver
Possible upside levels
Silver (Comex) 4hr close above $27.10 opens for $28.65 / $ 29.40 / $30.40, SL would be today's low (provided it goes and sustains above $27.10
Silver (MCX) 4hr close above INR 82750 opens for INR 85000 / INR 86500 / INR 88000, SL would be today's low (provided it goes and sustains above 82750)
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ULTRACECMOHello and welcome to this analysis
Stock is attempting a trendline breakout after a 5 month period.
Upside potential above 10500 while below 9500 short to medium term correction cannot be ruled out.
Stock has been an underperformer against the commodity sector while its losing its outperformance against the nifty index.
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TARSONS PRODUCTSHello & welcome to this analysis
A small cap stock recently listed in November 2021 has been on a downhill after making a double top in weekly time frame continuously making lower highs & lower lows.
As of now earliest sign of reversal is above 450-475 while any decline till 360-370 could find it at the support of a Bullish Harmonic ABCD pattern.
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Ashok LeylandHello & welcome to this analysis
Stock is in a strong uptrend which has now come close to its weekly upper channel with a bearish harmonic deep crab pattern in the daily time frame.
Strong support between 180-150 while resistance at 210
It would be a buy the dip stock or fresh additions above the weekly channel
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ATUL AUTO LTDHello and welcome to this analysis
In the higher time frame stock has reacted from its all time high zone, if 475-425 is not protected then the possibility of a double top in monthly time frame should not be ruled out.
Current resistance zone 575-625 above that resumption of strong uptrend probable.
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Hindustan UnileverHello & welcome to this analysis
It has been an underperformer for the last 4 years and has still not shown any clear sign of reversal except for going sideways in lower time frame due to being over-sold.
2250 is a crucial support, failure to hold could lead to further down side till 2100-1950. While short covering could come in earliest above 2275 with resistance lined up at 2300-2350-2450
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JUBILANT INGREVIAHello & welcome to this analysis
The stock after a strong retracement has gone into a sideways trend mainly due to the sector seeing sharp decline.
Currently in a triangle in weekly time frame, a breakout is probable above 515 while further downside should not be ruled out if it breaches 400.
Overall fundamentally a strong stock one could keep an eye for breakout and or accumulate with proper risk management in case of failure/exit.
Happy investing
KOTAK MAHINDRA BANKHello and welcome to this analysis
India's large private bank has been in a sideways trend for over 2 years now.
It appears that this sideways trend could continue further until it breaks above 1850 on the upside or 1750 on the downside.
The Relative Strength of the stock with its parent index Bank Nifty and with Nifty is not showing any signal as of now for any outperformance.
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Pennar IndustriesHello & welcome to this analysis.
Stock has been on a strong uptrend ever since it broke above its 5 years high near 80.
Currently at a parallel channel and Ichimoku target/resistance.
Accumulate on dips till 120 and or wait for sustenance above 150 for further upside would be my strategy in this stock.
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HANG SENGHello & welcome to this analysis
HANG SENG is entering the PRZ of two bullish Harmonic Trading Patterns in the monthly time frame, Cypher and Butterfly.
The index has been in a downtrend since 2017, the potential reversal zone is between 14450-13950 would also coincide with a probable parallel channel starting from 2008.
In India the Nippon India ETF Hang Seng Bee (HNGSNGBEES) is listed in BSE. One can look at it from a medium to long term investment perspective since this is a monthly reversal signal coming up.
Happy Investing