ITC could reward investors from hereonOn every time cycle, ITC has a tendency to form a low and bounce back on upside.
Very few were interested in this stock as it was a major laggard during April 2022.
The recent sharp fall of ITC also made low near this Time cycle date.
Way forward: When Noone seems to be Interested and all Negatives Around, TimeCycle Points towards a Rise from the Ashes 🔥🔥🔥
400 should remain protected on downside.
Buyopportunity
Jindal Steel & Power - 15 Yrs Breakout - Yes/No?
Monthly chart of Jindal Steel & Power shows high potential of a breakout from resistance level of 15 years. OBV shows massive accumulation in volumes with strong RSI levels.
Can be a very good BUY opportunity above 800 for potential gains in excess of 200% in long term and 50-60% in short term.
Mutual funds raised their stakes recently. Quarterly results are promising as well.
SAIL will SAIL to the MOON 🌘🚀
SAIL is at 14 years resistance level. Volumes, RSI on monthly and weekly charts look very promising. A possible breakout on the cards!
Overall, metal sector looks well set for a rally in the next 1-2 years which makes SAIL a safe bet.
Keep a close watch and go LONG if it breaks out!
Cup & Handle BreakoutCup and Handle pattern on weekly chart has formed and Breakout with high volume has occurred above the neckline. This stock has the potential to double in no time.
JM Financial - Breakout (50% Upside)
JM Financial looks very solid on charts. Made double bottom on Monthly charts, now at crucial resistance level. Massive volumes with strong RSI. Can be a good BUY opportunity above 115 levels for 50% returns in short to mid term.
Fundamentally very strong stock with both MF and FII raising their stakes.
Asian Paints - Swing Trade (Buy)
CMP of Asian Paints is at 2 very strong support levels:
Yellow Line - 3 Years support level
Green Line - 8 Years support level
Also, RSI (Monthly timeframe) of Asian Paints in last 9 years has always bounced back from ~50 levels. Current RSI can be assumed to be at its minimum level. So very good BUY opportunity for 10% gains in short term from current levels.
SHANKARA - Next swing is here SHANKARA - Is in the bottom of the channel in the weekly timeframe. The stock has been trading in the channel for 4+ years and takes support at the bottom of the channel. It is back to the bottom of the channel and has been in the accumulation phase for the past 15 weeks.
The risk-reward is looking very handsome and the company has stable fundamentals.
CMP: 744.40
Stoploss: 663
Target: 930
WTI (Crude Oil, Long H1/H4)It looks like WTI has a intraday buy signal at around 73.00 zone with stop loss below 72.00 , The minimum target will be 74.70 in the next few hours as the zeo political sentiments have improved, and external indicators are showing bullish signals. The RSI is mixed to bullish.