Consolidation
GALAXYSURF Looks good PositionallyGalaxy Surfactants.
Chart Structure:
- Near Darvas Box Breakout.
- QTL b/o
- Stock took an 11.26% breather after a 53.24% up move.
- From March 2020, Stock moves around (avg.) 50% up after taking an avg. 14% breather.
Relative Strength:
- Stock outperforming index in 1w, 1m, 3m, 6m & 1Y.
- Stock became RS+ on 31st March (as per new ARS)
- Spread chart breakout happening today.
Volume Activity:
- Dry Volumes during the breather.
- Accumulative positive volumes seen in small qty.
- 7 Mutual Funds increased their holdings & 6 Mutual funds decreased their holdings in June. Resulting in Net increase of 5.78 lac shares in holdings of MFs.
- In weekly TF, selling looks exhausted, and buying looks initiated.
Financials:
- Compounded sales growth of Co. (3 years) is 5%
- Compounded Profit growth of Co. (3 years) is 24%
- March results showed a sales jump of 16% but the decline of 7% in Net Profit.
- Upcoming results are scheduled for Sept. 1st week.
Good stock to study & keep an eye upon.
VISAKA INDUSTRIES - Multi Year BreakoutVisaka Industries has formed Cup & Handle pattern on weekly charts and given breakout. Currently stock is consolidating near breakout level above 800 and further movement can move stock till 1000+ levels.
All levels provided on charts.
This is for educational purpose only.
ONMOBILE GLOBAL LONG!- Stock to give a bull run
- Stop loss should be tight around 135 range because once the stocks goes below 135 range it has a high probability to go till the demand zone 110.
- If the stock touches the demand zone at 110 can re-enter there.
- Can anticipate a 12% move till 155 range
Blue Dart - Consolidation near highsA breakout trade can also be taken, however as the scrip is good fundamentally we would enter now.
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We have assessed our risk and taking positions as per our risk appetite. Request readers to strictly manage risk before entering any financial position
Mentorship InstaView 06 Aug’21: Break without much of a Breakdow
Nifty View: Benchmark Nifty decides to take a breather in today’s session, which is reasonable considering we had one big breakout to new life highs this week. At a close of 16,267, the index has just marginally slipped from its weekly high - a sign of short term consolidation and to gain some momentum headroom. The index is in a strong UP trend across all time frames and a short term correction should not be discounted. The first level to watch for is at (16,150-16,200) and then the psychological level of 16K. As long as 16K holds, one should continue to stay bullish and look to add both pullback and breakout long positions.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
VSSL looking good Positionally1. Stock in Continous uptrend.
2. Relative Strength Strong & increasing.
3. Stock crossed All Time High (2017) of 195.15 and was consolidating after multi-year Breakout.
4. Spread chart Breaking out.
5. Accumulative positive volume activity during consolidation.
6. Good Q1 numbers.
7. Stock is up today when most of the Nifty & Mid-cap stocks are in Red.
SBI LIFE INSURANCE LONGOPEN CHART FOR ANALYSIS
Daily charts of SBI life shows that the stock has been moving in a specifies price range making continuous Higher Highs and Higher lows.
A few days back it gave a good breakout with volumes. And it showed a pull-back now and took support of the range line.
Also, if we look at the 1-minute chart of Sbi LIfe ins. (not able to upload multiple time frame chart, you may open 1-minute chart of sbi life ins), there are huge volumes towards day end which pushed the price upwards. This shows buying interest in traders.
Can take entry at this point with marked targets
Stop Loss- 1078, TRAIL STOP LOSS
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS..
HDFC - Possible Swing Trade SetupCurrent price action is consolidation within uptrend. Now, the price action tested the previous support, failed to break it and now it may swing up to test the resistance range in coming days. It seems like a good swing trade setup.
Dhunseri Ventures LongDVL looks poised to give a high momentum up move.
2 Entry locations identified with relevant SL and target levels
Dhunseri Ventures has an operating revenue of Rs. 181.83 Cr. on a trailing 12-month basis. An annual revenue growth of 112% is outstanding, Pre-tax margin of 74% is great, ROE of 14% is good. The company has a reasonable debt to equity of 3%, which signals a healthy balance sheet
Dhunseri Ventures is involved in the business activities of Other financial service activities, except insurance and pension funding activities.
GLAND offers good R:R positionallyChart Structure:
- In consolidation after Darvas Breakout.
- Stock in continuous uptrend.
- Price has retraced almost 33% of its up move.
Relative Strength:
- RS is strong and in uptrend.
- No Flip-Flop stock.
Volume Activity:
- Good Delivery volume in past few days
- 20 MFs Increased & 10 MFs decreased their positions in June.
Financial Performance:
- Company posted good Q1 results.
- QoQ Sales increased by 29.98%
- QoQ Profits increased by 34.64%
Stock Analysis of Rupa & Co.Price - 519.45 Dt. - 30.07.2021
Stock is consolidating from 1 June. It's been 60 days since the stock is moving in range and it looks like the stock is ready to make investors and traders rich.
If the stock crosses above 525 with good volume then it will be the buy signal.