Chemical companies are bottoming out and there are clear signs of reversals here. NSE:AARTIIND even after poor results gave a strong move. However, I would prefer to buy only when the lower high formation gets broken. In this case that is above the 535 level. Keep this and other companies of this sector on your radar. Can be an end to a big correction.
#RouteMobile showing highest volume after July'21 and ready for breakout. Wait for close above 1350.
ROute hase formed a base in the range of 1070-1270 and now ready to move above this range with very good weekly volume.
Route Mobile also showing good quaterly results and now cheaper stock in this space after good correction from the peak price of 2390
Can be...
Nykaa has been continuously falling ever since its listing at a very over priced valuation. Everyone was bullish on it back then but no one thought about the risks that would be there if one were to get in at such a high valuation. Well past is in the past and now there are chances that this share might bottom out here. Wait for a reversal before buying.
#Glenmark forming as very good bottom for last few weeks. and now coming out of the congestion.
Seems good candidate for reversal. CMP 413 can be taken for 455/480/510 SL 374
Looks like an interesting play on catching the bottom. Heavy volumes were seen in the last couple of months while it corrected just about 20%(the decline from 136-110). That is a strong indication of accumulation by smart money. Already at a key S/R Level. RSI divergence is evident over the last few weeks. Wait for a closing above 124 to be doubly sure. Can easily...
This is where a cup & handle would have more significance -- At the bottom of a downtrend.
The price decisively crossed the neckline near 490 and is pulling back for a retest.
A hold near the neckline may push the price towards 587 and later 794.
Just notice how the C&H target coincides with the prior highs.
Regards
JJSingh
India cements started trading above its 20 EMA channel.
Recent hike in volumes shows interest of big players.
Buy India cements with CMP 104.4 with the stoploss of 95 for the swing of 2 to 4 months.
Target 1 - (116-120)
Target 2 - (145-155)
Target 3 - (200-225)
