Dr reddy bullish tgt 6700-6880-6950 28/04/24Dr reddy tool Support at major Support level of 5860 and bounced back
Volume rising
ABCD Pattern under formation on weekly chart
SL below 5800
lets see how these evolve
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.
Contains IO script
GABRIEL TGT 450-466 SUPPORT NEAR 358-366
Gabriel India Ltd. is an interesting chart with following
1. Price Rise with huge volume
2. RSI on all time frames above 60 (DWM)
3. Better Risk Reward with 20 SMA (daily and Weekly) Support near 358- 365 zone
4. immediate resistance 450-466 zone
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION 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.
LARSEN TURBO DOUBLE TOP TGT 3350-3240 04.05.2024Larsen & Toubro Ltd. seems to be an interesting bearish chart with following
1. Inverse Head and Shoulder kind pattern on daily chart
2. RSI on daily crossed below 40
3. Price Crossed below 20 SMA on Weekly chart
4. Negative RSI divergence on weekly chart with price making new highs and RSI making lower highs
5. Can be a good risk reward for short with stop loss above 20 SMA daily and for a TGT of 3350 - 3240
Lets see how it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION 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.
IRCON INTERNATIONA TGT 330-360 SL - 229-210 ZONE Ircon International Ltd. is an interesting chart with following
1. RSI on all time frames (DWM) above 60
2. Stock Strongly outperforming Benchmark index and sectoral index
3. Both SRS and ARS above zero
4. Close within 52 Week High Zone
5. Stock making higher highs for last 3 consecutive trading days
6. Higher Trader and Delivery quantity this week
7. ABCD pattern under formation on weekly chart
8. Narrowing Bollinger Bands on weekly chart
9. Price walking on upper Bollinger Bands on daily charts
Can be a Good Buy on dips and dips only as Major Support is at 229-243 zone where as next resistance above 275 can be 331 - 364 zone
Lets See How it evovles
Disclaimer: NOT A BUY / SELL RECOMMENDATION 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.
SUNPHARMA -TGT 1640-1694-1710-1764 SL BELOW 1480 Sun Pharmaceutical Industries Ltd. is an interesting chart with following
FUNDAMENTALS
Company is almost debt free.
Company has delivered good profit growth of 26.4% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 56.0%
Technical
1. RSI on weekly and monthly time frame above 60
2. Price Taking Support at 20 Week SMA
3. ABCD Pattern under formation on Weekly chart
4. Narrowing Bollinger Bands on Daily chart and Price taking support at middle Band
5.Both ARS and SRS above zero
Caution : Pharma stocks are subject to Global risks
Can be a good risk reward with buy on dips with Support near 1484-1490 zone and resistance near 1640 (52 week High) -1694- 1710-1763 levels
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION 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.
TVS MOTORS TGT 2314-2383-2480 SUPPORT AT 2025-2070 ZONETVS Motor Company Ltd. is another interesting chart with following
1. RSI on all time frames (DWM) above 60
2. Both SRS and ARS above zero
3. Price took support at 20 Week SMA
4. Narrowing Bollinger Bands on weekly 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 with buy on dips and dips only with stop loss below 20 SMA for near term resistance at 52 week high 2314 levels and
further at 2383-2480 levels
Fundamental:
Company has reduced debt.
Company has delivered good profit growth of 19.0% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 21.3%
Lets see how it evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION 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.
ULRTACEMCO BULLISH - TGT 10500-10730 SL 9780Ultratech Cement Ltd. is an interesting chart with following
1. RSI on all time frames DWM above 60
2. Price Crossed above 20 W SMA
3. Narrowing Bollinger Bands on weekly chart
4. ABCD Pattern under formation on weekly chart
5. Both ARS and SRS above zero
Can be a good risk reward with buy on dips and dips only with major support at 9780- 9830 zone and next resistance at 10500 levels
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION 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.
RELIANCE BULLISH TGT 3080-3170-3250 SL 2880 Reliance Industries Ltd. is an interesting chart with following
1. RSI on D/W/M above 60
2. ABCD Pattern under formation on weekly chart
3. Price crossed above 20 Week SMA during the week
Can be a Good risk reward with buy on dips and dips as major support exist at 2870-2880 zone being daily and weekly 20 SMA support
Lets see how it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION 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.
DIVISLAB LONG TGT 4460 SL 3700 (Divi's Laboratories Ltd. is an interesting chart with following
1. Reverse Head & Shoulder Pattern on weekly chart
2. Narrowing Bollinger Bands on Weekly chart and Price walking on upper Bollinger Band
3. ABCD Pattern under formation on weekly chart
4. RSI on daily and Weekly time frame above 60
5. High Trade and Delivery quantity
6. Stock outperforming both on sectoral and benchmark index on 1week and 3 month time frame
7. Both ARS and SRS above zero
can be a good buy on dips and dips only with SL below 3700 levels and for immediate resistance near 4460 levels
Disclaimer: NOT A BUY / SELL RECOMMENDATION 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.
CIE Automotive India Ltd. TGT 572-600-700 SL BELOW 475-500ZONECIE Automotive India Ltd. is an interesting chart with following
1. RSI on all time frames DWM Above 60
2. Narrowing Bollinger Bands on weekly chart
3. ABCD Pattern on weekly chart
4. Stock Out Performing benchmark and Sectoral index both on 1 week and 3 months
5. Higher Trade and Delivery quantity on weekly time frames.
Last but not the least - A Mahindra Group Company
Can be a good Buy on dips and dips only with major support near 475-500 zone for a target of 572-600 and 700 levels positionally
Lets See How it evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION 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.
TIINDIA - TGT 4000- 4160 DT 04-05-2024Tube Investments of India Ltd. is an interesting chart with following
1. RSI on daily and monthly time above 60
2. Price crossed above 20 week SMA with volume
3. ABCD pattern under formation on weekly chart
can be a good risk reward with buy on dips and dips only with support near 3670 - 3600 zone
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION 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
KPIT TECH TGT 1600-1630-1672 SL 1480-1515 ZONEKPIT Technologies Ltd. is an interesting stock with following
FUNDAMENTALS
Company is expected to give good quarter
Company has delivered good profit growth of 49.4% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%
Company has been maintaining a healthy dividend payout of 30.1%
TECHNICALS.
1. RSI on daily/Monthly above 60
2. Ascending Triangle on Daily chart
3. Rising trade and delivery quantity
4. Price taking support at 20 SMA daily/ weekly i.e. 1500-1515 respectively
5. Major 50 DMA support at 1486 zone
Can be a good risk and reward for buy on dips and dips only with stop loss in zone of 1480-1500 and for next resistance at 1600-1672 levels.
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION 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.
GRANULES -- 508-540-582 SL 422-435 ZONE Granules India Ltd. is an interesting chart with following
1. RSI on all time frames (DWM) above 60
2. Narrowing Bollinger Bands on weekly chart
3. Price moving on Upper Bollinger Bands in daily chart
4. ABCD Pattern under formation on weekly chart
5. Price crossed above 20 Week SMA last week
6. High Trade and Delivery quantity during the week
7. Stock outperforming sectoral and benchmark index on 1week and 3 momths
8. Both ARS and SRS above zero
Good Risk and reward with buy on dips and dips only with major support near 425- 435 zone being 20 day / 20 Week SMA respectively and for next resistance near 508-540-582 zones
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION 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.
SWELECTES - Weekly Chart Analysis, CMP-769.75After breaking the all time high in July it rallied a bit and went into consolidation. So finally its out of the base of 24Weeks and range of 30% on good volumes. It has already crossed the first probable target. It is also above all its key moving averages.
640 levels shall now act as a good support and a weekly close with a follow through below this level will invalidate our view.
928 - 1340 are the levels it can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
GRWRHITECH - Weekly Chart Analysis, CMP-1728.75After breaking the resistance / supply zone of 889-929, last September the stock was rally without any base making. And finally it topped and started to form a base from November.
After 12week of base formation and a range of 22% it has finally sustained above the 1542 for the 2 weeks now. Volumes were low on retracements and last two week volumes are decent enough showing strength.
1357 shall now act as a support and a weekly close with a follow up shall negate our view on this.
As there is not much over the left side so for upside targets we have to move purely with the price action as well as also take view of the moving averages(dynamic support).
So unless the price action stays positive and it sails above its key moving averages we are good to go.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
SKIPPER - Weekly Chart Analysis, CMP-260.55After the low cheat trigger (80-85) it gave a weekly gap away move and went for the cheat levels. (120-125)
And now it seems to have successfully and heading for a pivot high levels (276-292) which is a supply zone.
An 18 week base of 32% range which has also given multiple shakeouts probably removing all the weak heads out it has closed the week on strong volumes.
239 shall act as a support now and a weekly close with follow through shall negate our view or Until the trend line is broken.
The stock has made a good squeeze and is now above all its key moving averages.
276 - 292 - 337 - 395 are the levels it can test in the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
GEECEE - Weekly Chart Analysis, CMP-244After breaking the resistance (147-174) the stock seems now sustaining above it. It attempted several times in the past.
Volume contraction too was seen and now we can see decent volumes coming up past few weeks.
Now 184-194 levels shall act as a support and weekly close with follow up shall invalidate our view.
289 - 356 are the levels it can test over the long term. Which if we see is RR of almost 1:1 for the 1st one to hit.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
VAIBHAVGBL - Weekly Chart Analysis, CMP-510.05Coming out of base of 19Weeks. Classic Cup with Handle pattern formation.
Entry: Wait for confirmation on pullback (480-490) with SL of weekly close and follow through right below these zone.
Possible levels that can be tested in future are 580 - 605 - 635
(Overhead supply/resistance + 61.8% retracement)
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
GLOBAL - Weekly Chart Analysis, CMP-345.80Coming out a base and probable VCP. Sustained above the supply/resistance zone for almost 3 weeks now. Quarterly results have been good so far.
It is sailing above all the key moving averages too.
366-310 shall now act as a support and if it manages to weekly close below it and a follow up we see thereafter would invalidate our view.
428 - 508 - 609 are the probable levels it can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
MANAKALUCO - Weekly Chart Analysis, CMP-43.40On a monthly chart the stock broke out of the double bottom pattern and again went into consolidation. This month it is seen breaking out of that consolidation and on good volumes. Monthly close is yet to happen next week, but it is evident enough that it will probably close above the resistance levels. (30-33). It is sailing above all its key moving averages.
Now this zone 30-33 shall act as good support and a weekly close with a follow through will invalidate our view.
49 - 53 - 58 - 62 - 69 - 90 -100 are the levels its can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
MANGCHEFER - Weekly Chart Analysis, CMP-152.75Nice contraction of volumes is see while the stock is consolidating and taking support of 73-90 zone and thereafter sustaining well above 98-104 supply zone too which it failed to earlier.
It is trading above all its key moving averages too.
Well it has broke our of this base and sustained well above it for 2 weeks now.
119-125 shall now act as good support and weekly close with a follow through below these levels will invalidate our view.
169 - 264 - 359 are the levels it can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
RAJSREESUG - Weekly Chart Analysis, CMP-81.80On the monthly timeframe the stock is possibly breaking out of the long term down trend. It is also breaking out in confluence with the resistance 69-76 levels.
Volumes are also on the rise.
On the weekly timeframe we see it sustaining above the down trend line and finally got a close above 76.
Now 69-76 shall act as a support and weekly close with a follow through below it with good volumes shall invalidate our view.
91-103 will be the initial supply zone and we expect a consolidation around these levels and breakout of this levels will also confirm a start of an uptrend on the longer timeframe.
If it sustains above the 103 levels for a few weeks we can expect 201-224 levels to be tested over the long term .
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
RELINFRA - Weekly Chart Analysis, CMP-277On a monthly timeframe (Image attached in the chart for reference) the stock is standing right below the resistance zone(281-352). The long term down trend line seems to be breaking this month.
On the weekly chart stock is making a vcp kinda structure and break out of the last 14week base again on a good volumes. The stock is trading above all its key moving averages too.
238.45 shall now act as an initial support while 201-215 zone is the main support.
On the upside the zone's upper level 352 can be tested in the near future. Which is still a 1:1RR.
If it manages to close above and sustain above it then 474 also can be tested in the long term.
Disclaimer: I am not a SEBI registered analyst. This is not a buy/sell recommendation. It is shared for educational purpose. If you intend to trade this counter then do your own due diligence and trade/invest on your risk.






















