BUY MARICO We anticipate a 5% increase in these stocks from here, but please do not invest more than 5% of your total capital in these stocks at this time.
Fundamental-analysis
Buy Menon Bearings LimitedCompany:- Menon Bearings Limited
Rsi:- greater than 57
volume rising on green candle and lower volume on red candles.
Stock has given breakout of Jan 2022 level on 6th September and after that stock went in one sided upward rally. Now consolidating since 1 month.
Strong seems to be ready for another upward rally.
Buying range :- Accumulate Stock in range of 103-109
Target : 120
SL:- 98
Fundamentals:- Fundamentally company looks good
ROCE- 26
ROE- 23
Debt/equity:- 0.21
Promoter holding:- 71.2
Double Bottom pattern reversal in HEROMOTOCO.On 1 Hour Time Frame HEROMOTOCO Stock Showing Reversal Of double bottom Pattern. On the support, level create Morning Doji Star Candlestick Form in 1h timeframe and It can give movement up to the reversal target of 2735 (up to resistance level). There have chances of the breakout of the Resistance level too and After breakout of resistance level this stock can gives a strong upside rally up to 2955+.
Symmetrical triangle pattern in DIXON.Discription:
Stock Name: DIXON.
Chart Pattern: Symmetrical triangle pattern
Time Frame: 4 Hour
Entry: Reversal from support level
Breakout above 4390
Targets: Reversal Target 4390 (upto resistance level)
Breakout target Targets :- above 4985+
Buy - ONGCIn 5 months, we expect ONGC to rise 15% (approximately) from its current price.
Invest -
Max - 10% of your total capital in 4 chunks.
Add this Add Aarti Industries to your watchlist and wait for the quarterly results. If the results are good, enter and take a 5% target.
Parallel channel pattern breakout in MPHASIS.Discription:
Stock Name: MPHASIS
Chart Pattern: Parallel channel pattern
Time Frame: 1 Hour
Entry: Breakout entry above 2110+
Target :- 2220+
Stoploss below :- 2075-
(short term) Symmetrical triangle pattern reversal in USHAMART.From last few day's USHAMART stock is trading in symmetrical triangle pattern and that stock has given reversal from support level in today's trading session. Hence reversal entry can take above support level and keep its reversal target at 145+ (upto resistance level) and Breakout entry above 145+ (after breakout) it can go upto long target 217+ level in 1W timeframe.
Falling wedge pattern breakdown in MARUTI.From last few day's MARUTI stock is trading in falling wedge pattern and that stock has given breakout from support level in today's trading session. Hence breakout entry can take above 8800+ and keep its long target at 9470+ level and stoploss is below -8670 in 1h timefram.
(Short term) Uptrend channel in NAVKARCORP.From last few day's NAVKARCORP stock is trading in uptrend channel pattern and that stock has given reversal entry from support level in today's trading session. Hence reversal entry can take above 56-57 and keep its long target at 95+(upto resistance level) in 1D timefram.
Descending triangle pattern in GATI.Discription:
Stock Name: GATI
Chart Pattern: Descending triangle pattern
Time Frame: 1 W
Entry: Re-testing entry above 165+
Target :- 236+
Falling wedge pattern breakout in MINDTREE.Discription:
Stock Name: MINDTREE
Chart Pattern: Falling wedge pattern
Time Frame: 2Hour
Entry: Breakout entry above 3230+
Breakout target :- 3670+
Pennant pattern in BHARATFROG.Discription:
Stock Name: BHARTFORG
Chart Pattern: Pennant pattern
Time Frame: 15m
Entry: Reversal from resistance level
Breakdown below 685
Targets: Reversal Target 685-
Breakdown Targets -630
Wedge pattern in ESCORTS.Discription:
Stock Name: ESCORTS
Chart Pattern: Wedge pattern
Time Frame: 1 Hour
Entry: Reversal entry from resistance level
Breakdown below 2095-
Targets: Reversal Target 2095
Breakdown Targets 1960-
Buy out the dip of 1350 in InfosysNSE:INFY is one the leading IT consultancy company which does not need any description. Infy recently broke 1360 levels. Investors might add this scrip in their portfolio at current levels. Also one can average out if we see 1300 levels.
No chart patterns are favourable
Nothing so called trend reversal
This is an effect of unfavourable market conditions
The rising dollar index
This might soon settle in near time and we might see 20% upside i.e 1600 levels. before the end of this year
Ascending triangle pattern breakout in ULTRACEMCO.Discription:
Stock Name: ULTRACEMCO
Chart Pattern: Ascending triangle pattern
Time Frame: 1 Hour
Entry: Breakout entry above 6273+
Breakout target :- 6545+
Symmetrical triangle pattern breakout in GNFCDiscription:
Stock Name: GNFC
Chart Pattern: Symmetrical triangle pattern
Time Frame: 1D
Entry: Reversal from support level
Breakout above 755+
Targets: Reversal Target 755+
Breakout target 1180+
Mindtree LTD About
Mindtree is an international Information Technology consulting and implementation company that delivers business solutions through global software development.
Sector : IT - Software
Industry: Computers - Software - Large
Market Cap ₹ 51,070 Cr.
Current Price₹ 3,089
High / Low ₹ 5,060 / 2,649
Stock P/E 28.7
Book Value ₹ 349
Dividend Yield 1.20 %
ROCE 41.5 %
ROE 33.8 %
Face Value ₹ 10.0
PROS
Company is expected to give good quarter
Company has delivered good profit growth of 31.6% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
Company has been maintaining a healthy dividend payout of 32.6%
Company's median sales growth is 17.5% of last 10 years
CONS
Stock is trading at 8.85 times its book value
Double top pattern in SUNPHARMA.Discription:
Stock Name: SUNPHARMA
Chart Pattern: Double top pattern
Time Frame: 30m
Entry: Reversal From resistance level
Breakdown below -893
Targets: Reversal Target -893
Breakdown Targets -862
Ascending triangle pattern in JUBLFOOD.Discription:
Stock Name: JUBLFOOD
Chart Pattern: Ascending triangle pattern
Time Frame: 15m
Entry: Breakout entry above 610+
Breakout target :- 640+
wedge pattern Breakdown in APOLLOHOSP.Discription:
Stock Name: APOLLOHOP
Chart Pattern: wedge pattern
Time Frame: 1D
Entry: Breakdown below -4250
Targets: Breakdown Targets -3230
Rising wedge pattern breakdown in HEROMOTOCO.Discription:
Stock Name: HEROMOTOCO
Chart Pattern: Rising wedge pattern
Time Frame: 1 D
Entry : Breakdown below 2770-
Targets: Breakdown Target 2200
Buy Bharat wire ropesBuy Bharat Wire Ropes: Consolidation done after breakout and a next bullish candle formed showing stock is ready for the next upward move.
RSI: 59.06 Bulls territory
Consolidation after breakout
Taking support at 20 SMA
Highest delievery volume since 8th Sept
CMP 121.80
SL: 110
Target: 135
Note: company is not doing good fundamentally. NSE:BHARATWIRE
