KMC Speciality Hospitals setting up nicely for a breakout with good volume and clean price action, as I highlighted in the chart we can see a clean cup (with a big base) and handle internal pattern formation. Also company has good fundamentals (high ROIC+ROCE, quick cash flow business, debt in control and good earnings growth).
I have entered the scrip at 63 and...
BUY - UJJIVAN SMALL FINANCE BANK
CMP - Rs. 30
Target - 1: Rs. 42
Target - 2: Rs. 54
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Technicals - Cup and Handle Pattern
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Hello Guy's, i have brought analysis for Commodity lovers on Guar Gum. Chart is clearly showing a Cup and Handle breakout on daily timeframe and it is supported by rising volume. MACD is sustaining above zero line and has formed a bullish crossover. All these observations are seen in the daily timeframe chart. A long trade can be taken in this Guar Gum for healthy...
Jamna auto cmp is 107
The stock made high of 100 in year 2017 and then made low of 21 durind covid crisis. Then again touch high of 130 plus levels and now trading at 105-107.
The stock is making cup and handle pattern, also big buying volumes have come around 100-110 levels, suggesting big move coming up for atleast 170 levels.
Then may go past 200 levels.
Over...
BUY - VASCON ENGINEERS LTD
CMP - Rs. 38
Target - 1: Rs. 54
Target - 2: Rs. 80
Target - 3: Rs. 110
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Technicals - Cup and Handle Pattern BO
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This is just a view by an expert analyst, please invest at your own risk.
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CENTRAL BANK OF INDIA DAILY BREAKOUT
:: Data Point ::
Breakout Lavel @33.00
1st Target Level @36.00 (April 2019 Resistance)
2nd Target Level @40.00 (Last year High)
Stoploss Level @29.50 (Swing Low)
This is a CUP & HANDLE Pattern. If its sustain above @33.00 then go for LONG.
BUY - IDFC FIRST BANK
CMP - Rs. 77
Target - 1: Rs. 99
Target - 2: Rs. 117
Target - 3: Rs. 136
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Technicals - Cup and Handle Breakout
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BUY - APOLLO MICRO SYSTEMS
CMP - Rs. 33
Target - 1: Rs. 46
Target - 2: Rs. 58
Target - 3: Rs. 72
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Technicals - Cup and Handle Pattern BO
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BUY - PCBL LTD
CMP - Rs. 132
Target - 1: Rs. 250
Target - 2: Rs. 335
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Technicals - Cup and Hande Pattern BO
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The stock hit UC of 20% and has given Cup and Handle pattern breakout.
Though the risk is with Stop loss its far away. Even with last possible support entry point at 279 and last invalidation point its more or less 15%.
So if move goes against you be ready to loose 15-16%.
Keeping in watchlist it may also continue upward trend but need to watch with caution....
BUY - SOUTH INDIA BANK
CMP - Rs. 18
Target - 1: Rs. 25
Target - 2: Rs. 33
Target - 3: Rs. 42
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Technicals - Bullish Flag BO
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Note: Target 1 will be achieved within 1 year, Target - 2 within 1.5 years, and Target - 3 in 2-2.5 years.
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BUY - PIRAMAL ENTERPRISE
CMP - Rs. 838
Target - 1: Rs. 1193
Target - 2: Rs. 1400
Target - 3: Rs. 1545
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Technicals - Cup and Handle Pattern & Bullish Flag
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Ujjivan Small Finance Bank formed a Cup & Handle Pattern and started give breakout from 34 level.
Stock can be accumulated around 36-37 level.
T1 is expected at 38 and T2 is expected around 43. Overall expected target is 53
Set stoploss at 28 and increase the stoploss when stock moves up.
Pattern is tracked on weekly chart.
Disclaimer:
This idea is only for...
BUY - BEML LTD
CMP - Rs. 1512
Target - 1: Rs. 2000
Target - 2: Rs. 2275
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Technicals - Cup and Handle Pattern
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Note: Both Targets will be achieved within 1 year.
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This is just a view by an expert analyst, please invest at your own risk.
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BUY - TATA MOTORS LTD
CMP - Rs. 581
Target - 1: Rs. 685
Target - 2: Rs. 750
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Technicals - Cup and Handle Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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BUY - SUN PHARMACEUTICAL
CMP - Rs. 969
Target - 1: Rs. 1330
Target - 2: Rs. 1580
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Technicals - Cup and Handle BO
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This is just a view by an expert analyst, please invest at your own risk.
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Cup and Handle Breakout :
Prices have formed a 'Lip' at 38, which will act as support on lower end if prices take a throwback after BO.
Given the volumes and price support this momentum is set to continue till 46- 47.5 levels at least.
TGT: 46- 47.5
Entry: 39-39.5
SL: 38
