jagran parkashan ABCD PATTERN -TGT 130-140Jagran Prakashan Ltd. is an interesting chart with following
1. Higher trader and Delivery quantity prev. day close and previous week
2. Stock out performing sectoral index both on 1 week and 3 month
3. Narrowing Bollinger Bands and Price moving on upper Bollinger Bands
4. Three White Soldiers on daily chart
5. ABCD Pattern under formation on weekly chart
6. RSI on all time frames above 60
Contains IO script
MPHASIS - bullish ABCD tgt 3080-3114Mphasis Ltd. is an interesting chart with following
1. High Trade and Delivery quantity
2. Increasing Relative Strength to bench mark index and sectoral index
3. Close within 52 week high zone + above last month's high
4. Both SRS and ARS above zero
5. RSI on all time frames above 60
6. Narrowing Bollinger Bands on Daily chart
7. Price Moving on upper Bollinger Band on daily chart
8. ABCD Pattern under formation on daily Chart
9. Break out and retest of Cup and Handle Pattern on Weekly chart.
Major Support at 2590 zone being 20 SMA and positional support near 2490 to 2440 zone
Can be a good risk reward with buy on dips and dips only with stop loss as per one's own risk reward matrix and for targets of 2970 and 3114 respectively in near term
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
BEL bullish for tgt 192-200 -220Bharat Electronics Ltd. is an interesting chart with following
1. Close crossing last week's high
2. Crossing above previous high for last three days and making higher highs for last 3 days
3. close within 52 week high zone
4. Stock out performing sectoral index and benchmark index both on daily and weekly time frames
5. Increasing Relative Strength
6. RSI on weekly and Monthly time frame above 60
7. Three White Soldiers on Daily chart
8. ABCD pattern under formation on weekly chart
Major Support near 172-177 zone and compulsive exit, if closes below 161
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
TATA COMMUNICATION - ABCD TGT 1940-2160 Tata Communications Ltd. is another interesting chart with following
1. RSI above 60 on daily and monthly time frame
2. Narrowing Bollinger Bands on Weekly Chart
3. High Trade and Delivery Quantity
4. Ascending Triangle Breakout on daily chart
5. Price Walking on upper Bollinger Bands on daily chart
6. ABCD Pattern under formation on weekly chart
Can be a Good risk reward to buy on dips and dips only with resistance near 1940 - 2030-2160 levels respevtively
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
DATA PATTERNS TGT 2800- 2980Data Patterns (India) Ltd. is an interesting chart with following
1. RSI on all time frames above 60
2. Price forming ABCD Pattern on weekly chart
3. Narrowing Bollinger Bands and price on upper bollinger bands on weekly chart.
4. Price movement during last week with huge Eiffel tower size volume candle.
5. Major Support near 1850-1870 zone
Can be a good risk reward with buy on dips and dips only
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
PIINDS TGT 4300 BUY ZONE 3400-3500/ BUY ON DIPSPI Industries Ltd. is an interesting chart with following
1. Price moving in a rising channel and consolidating since July 2022
2. Multiple Supports at 3460-3500 zone
3. 20 Day SMA support at 3470; 50 EMA daily support at 3490
4. 50 day EMA weekly support at 3474, 20 months SMA support at 3410 levels
ABCD Pattern under formation on weekly chart with Narrowing Bollinger Bands.
MOVING AVERAGE CROSSOVERS
5. 20 SMA crossed 50 SMA from below
6. 50 EMA crossed 200 EMA from below
7. Price making higher highs for last three weeks
8. Rising Returns on equity ; Rising Returns on capital Employed
A Stock to keep in watch list to buy on dips at supports as channel high near 4300 can be a good target.
Caution: Stock is in long consolidation since 2022 and can remain sideways as it is under performing the index and sector for a long time.
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
JSW STEEL 870-910-940FUNDAMENTALS :
1. Qtrly Sales growing as compared to Sales in corresponding Qtr in P.Y.
2. OPM at 17% V/s 11% previous year
3. Caution : Price to Book value is High as compared to its peers
Technical:
1. Price confirmed breakout and retest of Ascending Triangle on weekly chart.
2. Price Took support of trend line on weekly chart
3. 20 week SMA support at 810 and 50 Week EMA support at 782
4 . Price forming ABCD pattern on Weekly chart
5. Narrowing Bollinger bands on daily chart and price walking on upper band
6. Daily and monthly RSI above 60
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
GUJRAT STATE PETRONET LTD. TGT 400-430-472 06-04-2024Gujarat State Petronet Ltd. is an interesting chart with following
FUNDAMENTALS :
The company is one of the largest players in the natural gas transmission business in India together with its leadership position in Gujarat and strategic location with connection to all major natural gas supply sources
1. Company is almost debt free.
2. Company has a good return on equity (ROE) track record: 3 Years ROE 22.8%
3. GSPL has planned to undertake capex over the next five years towards the expansion of its existing natural gas pipeline network,
laying new spur lines, and capacity augmentation. GSPL has sought approval of the regulator, viz., the PNGRB
TECHNICALS:
1. Stock out performing benchmark and sectoral index in both 1 week and 3 months
2. Both SRS and ARS are above zero
3. RSI on all time frames i.e. D/W/M above 60
4. ABCD Pattern under formation on weekly chart
5. Major support 324 - 350 , minor resistance near 390-400 zone above which it will be in all Time high zone
6. Cup and Handle like pattern on daily chart
Lets see how it evolves
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
LAURUS LABS TGT - 485-515 18-4-2024Laurus Labs Ltd. is an interesting chart with following
1. Ascending Triangle breakout under formation on weekly chart
2. Narrowing Bollinger Bands on weekly chart with price moving near upper band
3. Minor Resistance near 448-450 zone above which stock can fetch 485-530 zones
4. Major support near 415 - 425 zone
5. Bullish Marubozu candle + bullish Engulfing candle on daily chart
Lets See How it evolves
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix
ITC long term [ 6 Months]The stock market is abuzz with the recent bullish run of ITC shares, sparking interest and speculation among investors. This analysis delves into the factors driving this surge and explores potential implications for traders and stakeholders.
EMA 200 - Crossing
Mutual Funds holding - Dec 2023 -9.66% June 2023- 9.17%
Target 1- 455
Target 2- 480
Target 2 - 525
INOXGREEN Analysis & PredictionINOXGREEN Analysis & Prediction
This is the analysis of INOXGREEN in Weekly Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the previous resistance with volume. Now facing resistance at trendline. This break out level may be retest in near future. If it will break and sustain above the trendline, it is good for the stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About INOXGREEN:
Inox Green Energy Services Ltd. provides wind power operation and maintenance services. The company is engaged in the business of providing long-term O&M services for wind farm projects, specifically the provision of O&M services for wind turbine generators (“WTGs”) and the common infrastructure facilities on the wind farm which support the evacuation of power from such WTGs. The firm was founded on 05th May, 2012 and is headquartered in Vadodara, India.
South Indian Bank potentially performing well above the 29.50
South Indian Bank potentially performing well above the 29.50 levels on daily chart
if surpassed, could unlock substantial bullish momentum for the stock. This analysis delves into the factors supporting a bullish outlook above these levels.
bullish chart patterns forming around the 29.50 level.
Disclaimer:
Please note that I am not a SEBI-registered analyst. This document reflects my personal analysis and is not intended as a recommendation for any specific investment strategy. Investors should conduct their own research or consult a financial advisor before making investment decisions. Market investments carry risks, including the loss of principal.
INDOSTAR Analysis & PredictionThis is the analysis of INDOSTAR in Weekly Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the long term resistance with increasing volume. It can retest the breakout level. If it will sustain above the breakout level, it is good for the stock. Generally Multiyear Breakout is a bullish signal for stocks.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About INDOSTAR :
Indostar Capital Finance Ltd. engages in the provision of lending used and new commercial vehicles. It operates through the following segments: Corporate Lending, Small and Medium Enterprises Lending, Commercial Vehicle Lending, and Housing Finance. The company was founded by Atul Kapur and Sameer Sushil Sain in July 21, 2009 and is headquartered in Mumbai, India.
CHAMBEL FERTILIZER BULLISH TGT 400-430-472 06-04-2024Chambal Fertilisers and Chemicals Ltd. is an interesting chart with following
Fundamentals
1. Company has reduced debt.
2. Company has a good return on equity (ROE) track record: 3 Years ROE 23.5%
3. Company has been maintaining a healthy dividend payout of 23.0%
4/ Debtor days have improved from 35.2 to 23.1 days.
5/ Company's working capital requirements have reduced from 50.6 days to 27.8 days
Technical points :
1. RSI rising and Above 60 on all time frames i.e. D/W/M
2. ABCD Pattern under formation on Weekly Chart
3. Super Trend Turned Bullish on daily chart
4. Can be a good Risk Reward with buy on dips and dips only as Major Support is near 334- 350 zone and resistance near 400-430 and 472 levels
5. Big Bullish Marubozu candle on weekly cart
6. Price walking on upper Bollinger band on daily chart and Narrowing Bollinger Bands on Daily chart
Lets see How it evolves
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Upside potential after Strategic 40% Correction Observed a notable 40% correction in our asset of interest. This correction, while significant, aligns with historical precedents that often precede robust rebounds. This analysis seeks to unravel the technical and, where applicable, fundamental factors that underpin the asset's potential to breach the 170 mark in the near future.
it's pertinent to acknowledge recent developments that may bolster its market standing. Be it forthcoming earnings reports, or regulatory shifts, such elements can significantly sway investor sentiment and, by extension, price action.
Conclusion:
Drawing from a comprehensive analysis, there exists a palpable potential for a breakout after considerable Accumulation and distribution.
Disclaimer:
Please note that I am not a SEBI-registered analyst. This document reflects my personal analysis and is not intended as a recommendation for any specific investment strategy. Investors should conduct their own research or consult a financial advisor before making investment decisions. Market investments carry risks, including the loss of principal.