Long term bear trend line broken and retesting the trend line.. Waiting for trend reversal in LTF.. Expected reversal in 0.5 Fibonacci levels..
Will add for long term in my portfolio..
Chart is just for learning purpose, not a recommendation for buy or sell..
Copper Futures tested resistance $4.6275 and closed above support $4.425 in July. The red metal could trade at $4.790 in August. A close above $4.66 is important for #copper this month in view of growing demand for Electric Vehicles.
Cup and Handle Pattern Formation in Kabra Extrusion Near ATH.
Pattern Target of 274
Buy on Closing Above 220.
Facing minor resistance currently between 210-220.
RSI showing strength and DMI+ above 25+ confirming the uptrend.
Entry – CMP 157 (breakout was 156.8)
Stop loss -150.6 (Deep Stop 137)
Target 1 – 205.1
Target 2- 290.25
Duration – 2-3 years
Co produces electric engines for offices generators and ebikes (high demand for their products)
Co is almost debt free
Expect current financial year (Mar 2021) Co was making decent and consistent profits
Co is trading at Par Valuation...
Price is giving a breakout from a strong resistance / supply zone . Also , we can see the price making higher high's on the hourly timeframe chart. Additionally , the electric vehicle theme can give a good boost to this stock as Govt . has also announced higher subsidies to EV manufacturing business. Through this, the government aims to promote electric vehicle...
Amara Raja Batteries Limited, India's largest automotive batteries manufacturer, supplies automotive batteries to Aftermarket, top Original Equipment Manufacturers (OEM), Private Labeling and Exports to over 32 countries globally.
BUY @CMP FOR A TARGET OF 1021.
NSE:MOIL is in ongoing corrective phase but as we know the demand of semiconductors and associated chemicals is on a rise due to Electric Vehicle segment in our country.
MOIL has a long term benefit as the EV sector in India gains pace this entire decade.
The price level of Rs125 is a good resistance area.
Lets be patient with MOIL and watch it reverse with...
US Oil is facing resistance on a long Trend Line. Oil will reverse from this point which tells us a lot about the industry in general. How the world is shifting towards electrification and adapting to the new electric revolution in the auto sector which is the major consumer of oil. Dependence on Oil will decrease from here on. There are no new consumers rising...
It is near a good support level around $30, almost 40% below its November all-time high.
It comes down after a triple top.
The most that could fall is to $26.
It has the potential to return to its previous high at $36 and if the trend continues, to go as high as $48-50.
It is backed by Credit Suisse, Morgan Stanley, Bank of America and BlackRock
Its main institutional holders include Invesco, Morgan Stanley, Goldman Sachs and Royal Bank of Canada.
Morgan Stanley Increased its position by more than 2,000% according to the latest September report.
Its models are innovative and will have more relevance as electric vehicles and smart city technology become more popular.
From my perspective, it has a...
*It has been completing a head and shoulders pattern.
*It is 55% below its all time high from December last year. The most that could fall from my perspective is to 60%, around $15, from there a rise would continue.
*Some of its institutional holders include BlackRock, Deutsche Bank, JPMorgan, Bank of America, Goldman Sachs, among others.
*Its stochastic is at...
Tata motor after a correction of aprox 90% from top forming a very rat monthly divergence.
The stock can form bottom very soon.
Level to watch 50-60 for bottom.
We can expect 600 target in few years after bottom is done.