PSP Projects AnalysisHey Guys,
Here is the analysis of PSP Projects. An undervalued firm, it's a small-mid cap stock however, as per the analysis conducted by my team and I, we've picked this stock.
We've got a view from Short term to Long term for this one.
Here are the details-CMP- 632.45
Targets:
Short Term (upto 2 months)- 701
Medium Term (6 Months to 1 year)- 742
Long Term (more than 1 year)- 805
It would be ideal to have a Trailing Stoploss of 557. (Trailing refers to changing your stoploss as targets are achieved).
Let me know what you think about this one.
Candlestickpattern
TCI (Transport Corp. of India)Here's another potential multibagger on our radar today.
This stock has an upside potential (Based on various fundamental and technical factors) till 960.
However, every analyst (Team of Analysts) have a different opinion.
Thus, here we bring to you TCI, aka, the Transport Corporation of India.
Here is the detailed analysis-
CMP- 803.10
Targets:
Short Term (Upto 6 months)- 832
Medium Term (6 Months to 1 Year)- 899
Long Term (More than 1 Year)- 956
Trailing Stoploss- 741
Let me know what you think about this.
Nifty future price action.Nifty future form evening star pattern.
Nifty next up move rally will come, when it close above 22600.
There is major resistance 22490-544.
As per chart, Nifty can short on any rise and stay short till target of 22250 and final target for down side would be 22022.
There is angular trend line support at 22022 with previous GAP.
The level 22022 would act at major support and market may reverse from this level.
Intellect Design There is a one more stock Which is showing a great opportunity in this type of market showing great strength, stock is now at a resistance in Intellect Design. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
How to identify a multibagger stock?Ways to identifty a multibagger and a good stock for positional trade:
The stock should fulfill the following criteria
1.It should be from a booming sector and the broader index should be uptrending
2.The relative strength of the stock to Nifty 50 should be in uptrend
3.RSI should be above 40
4.The stock should be in a stage 2 uptrend structure (breakout with good volumes + consolidation --> breakout with good volumes as shown in the structure of sun pharma)
5.The stock should have low volume consolidation.
Many more examples are there from the realty sector and few from the financial sector and I will be uploading them very soon FOLLOW me to get notified when i upload a new idea
Till then,
Happy Trading :)
Grasim Looing GoodGrasim Was running under pressure in past many years and a year ago it gave a quite good breakout but still it was in the range for a whole year and finally we can see that the with the good quarterly results it gave breakout..
Fundamentally we can see the increasing capex in the budget and which will help to infrastructure development and that is why the Grasim Sales book looking attractive in the long run ...
Educational purpose only....
BRNL / Bharat Road Network - Pre Covid High / Consolidation B/OBRNL
1) Time Frame - Monthly.
2) The Stock has been consolidating since January, 2020 and has given a pre covid high breakout & Closed with strong bullish momentum & Huge volume in monthly time frame.
3) BRNL may reach its previous Life Time High in the Long Term.
4) Recommendation - Strong Buy
VAIBHAVGBL / VAIBHAV GLOBAL - 5 Months consolidation Breakout.VAIBHAVGBL
1) Time Frame - Monthly.
2) The Stock was in downtrend since 2021 and had a breakout in August, 2023.
3) It has been consolidating since August, 2023 and has given a breakout with bullish momentum & Huge volume.
4) The stock may reach its previous Life Time High (1050) in the long term.
4) Recommendation - Strong Buy
MANAKSKIA STEELS LTD - Triangle Pattern & Previous ATH BreakoutMANAKSTEEL
1) Time Frame - Weekly.
2) Previous Life Time High was 64. It has been consolidating in a triangle pattern since 2022 & given a breakout in weekly time frame currently.
3) It's a Triangle pattern & All Time High breakout with strong bullish candle & Good volume.
4) Stock will find its next resistance around the price 80 (17%).
5) Recommendation - Strong Buy
HPAL / HP ADHESIVES LTD - 1 Yr Consolidation / IPO base breakoutHPAL
1) Time Frame - Weekly.
2) Previous Life Time High was 109.30. It has been consolidationg since 2022 January & given a breakout in weekly time frame currently.
3) It's a consolidation / IPO base breakout with strong bullish candle & Good volume.
4) Recommendation - Strong Buy
CESC - All Time High BreakoutCESC
1) Time Frame - Monthly.
2) Previous ALL TIME HIGH breakout in monthly with good volume.
3) Stock will find an Immediate resistance around the price 142.80 / Retrace and breakout further in the upcoming days.
4) Recommendation - Quite risky but still it is a Good buy.
5PAISA / 5PAISA CAPITAL LTD - Previous All Time High Breakout1) Time Frame - Weekly.
2) Previous All Time High was 580 in the year 2021 July. It has been broken out and closed with strong bullish candle & volume in Weekly.
3) As the primary trend (Black line) acts as a resistance since all these years the stock will find its resistance there (around the price - 935).
4) Recommendation - Strong Buy
ADANIPORTS - 3 years consolidation breakoutADANIPORTS
1) Time Frame - Weekly.
2) 3 Years of consolidation breakout happened on 1st week of December 2023 & Now the stock has retraced its breakout point & consolidated 3 weeks & broken and closed today with a strong bullish weekly candle.
3) Recommendation - Strong Buy
SHRIRAMPPS - IPO base BreakoutSHRIRAMPPS
1) Time Frame - Monthly.
2) Break of Previous firstly marked All Time High in monthly with good volume.
3) It's a good confirmation to go for buy as per monthly time frame but In Weekly time frame, Should wait for the strong close above 129.70 in daily / weekly candle.
4) Weekly / Daily - Any Time frame's candle close above 129.70 is considered as buy opportunity. (with good volume).