NSE: AMBUJACEM is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on...
Balkrishna Inds Cmp 2500 dated 22-11-2023 1. Inside Candle 2. RSI rise Buy above 2515 target 2540-2575-2590-2620-2650 SL 2450 It is just a view, please trade at your own risk.
Namaste! Yes Bank has been a favourite stock for retail public. Due to it's penny price, it attracts a lot of retail attention. I think it is a good time to invest in Yes Bank because of following reasons. 1. According to me, any retail person will think of Yes Bank and Idea, if he has given a choice to buy some large-cap stocks. Generally, businesses like...
HindPetro Cmp 310 dated 17-11-2023 1. Bearish Engulfing @ top 2. Price fall with Volume Rise Sell below 308 target 300-295-290-285-275-270- 260 SL 330 It is just a view, please trade at your own risk.
Namaste! LICI has been hit hard for the mainly two reasons, 1. Previous performance of other IPO stocks such as Paytm, Zomato, Etc. 2. Current bearish sell-off (in over all global markets). Investment Objective: If Nifty/Sensex give 10-12% annual average return, my goal is to beat the index. Means we will try to generate >12% annual return. We can include stocks...
Namaste! Muthoot Finance is one of my favourite stocks in the finance sector. The formulae I use to calculate intrinsic value suggests this stock, whereas it somewhat fails in the valuation of Bajaj Finance, SBI Cards, etc. It is trading at a PE (Price to earnings ratio) of 11.62, whereas Bajaj Finance is 51.29 and SBI Cards is 45.53. In most cases, the lower PE...
Namaste! Amazon has corrected enough to look attractive to value investors. VI basically mean they will look for: 1. Low P/E ratio, 2. An long term up-trending stock (Amazon is that), 3. Fear in the markets, Etc. Investors like Warren Buffet doesn't buy when the market is at all time high and people think it will keep going up in a straight line. He and other...
Flag pattern Breakout- potential to reach to 251 sl 117
In the Weekly Chart of CANARYS , we can see that, it has formed a Hamer candle. Enter on breaking its high with low as SL. It is a newly Launched IPO, So trade with Strict SL & Risk ratio. Expected momentum is shown in chart.
In the Weekly Chart of YATRA , we can see that, it has formed a Hamer candle. Enter on breaking its high with low as SL. It is a newly Launched IPO, So trade with Strict SL & Risk ratio. Expected momentum is shown in chart
In the Weekly Chart of DIVISLAB , we can see that, it is leading towards Inverted Head & Shoulder breakout. it can respect the Trendline one last time then give breakout. Expected momentum is shown in chart.
In the Weekly Chart of IGL , we can see that; after breakout, it has consolidated for 5 weeks on the support level of 370-380. Also, Bullish Pinbar is created . Enter on breaking its high with Low as SL. Expected momentum is shown in chart.
In the Weekly Chart of INDIAMART, we can see that, it is same range since 3 weeks. Also, it has made a Decision making candle. Enter on breaking its high with low as SL.
In the Weekly Chart of HINDUNILVR , we can see that, after consolidation, it has started creating price action in upward direction. Also, we can see a Inside candle. Take a simple trade on breaking its high with low as SL and HOL it for an year.
In the Weekly Chart of SBICARD , we can see that, after breakdown, it has Decision making inside candle. Enter on breaking its high with low as SL.
Siyaram silk mills has been sideways for quite a long time now. And has made multiple attempts to break the long term resistance , the more time it spends near the resistance the weaker it becomes. Fundamentals are good and a good quarter in sales can do wonders. Volume on the down days are not big and on the up days are substantial.
NSE: CASTROLIND is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 13% gain on...
MAITHANALL | Triangle breakout with volume - Looks potential for 30-40% CMP :1100 SL : 1000 Target : 1500 1:4+ risk reward setup