Medium term investing - Clean breakout on Pratap Snacks weeklhy charts. Stock is breaking pre-covid levels with huge increase in volumes. Ideal entry zone 750-725. Target - 940, 1000. SL - 660 on closing basis
1. Very good financial
2. No debt
3. Company entering into gold, silver & diamond jewellery loans
4.Currently operating in Maharashtra and now entering Gujarat and Rajasthan.
5. Credit rating of IVR BBB- with an outlook stable on its long-term bank facilities of Rs20cr by Infomerics Valuation & Rating Private Limited.
6. Experienced promoters, Comfortable Capital...
NCC has yesterday crossed support of 78.30 is expected to increase today. I think stock will today break the triangle and diamond pattern which will act as a breakout of triangle and diamond pattern. Stochastic which is at 12 & 15 confirms the pattern and gives bullish signal. You can purchase the stock at 79.75 Target at 82 Stoploss at 76.5
Diamond formation on Nifty and expendable triangle formation. 9130 to 9120 having good support zone. So Nifty may touch the support zone. Short initiate when the price cross below 9275 an cover the short at 9130.
Bearish Diamond Pattern on Sun TV and lead to fall upto the FIBO - 50%.
Short below - 526
Target 1 - 516
Target 2 - 502
Target 3 - 489
Stop Loss - 543
Reward Points = 37
Risk Points = 17
Diamond pattern is relative rare pattern. It has not given the breakout out yet but one can put it into watch list and trade accordingly. Another possibility that exists right now is that it may go to touch other side of the pattern around(1520) so a 60-70 points points move is possible and thereafter another trade on breakout.