Fundamentally good stock trading at the demand zone.Syrma SGS Technology gave a decent listing gain of 27-30% and thereafter went as high as 324 giving 78% returns.
This gem has corrected to 270 zones once from where it gained 38% and currently it is back at the demand zones of 270.
A Fundamentally good stock is available at nearly 50-60% less than its ATH. Can surely be accumulated for long and medium term.
Fundamental-analysis
Falling wedge pattern reversal in HEROMOTOCO.On 1h Time Frame Stock Showing Reversal Of Falling wedge Pattern It can give movement upto reversal target of 2640+. There have chances of breakout of resistance level too after breakout of resistance level this stock can gives strong upside rally upto 2900+.
[INTRADAY] #BANKNIFTY PE & CE Levels (20/10/2022)Today will be a gap down opening in BANKNIFTY. Expected opening near 40000 support Level. After opening if banknifty sustain above this level then possible reversal of 400-500 points upto 40450. And this rally can extend for another 400 points if it gives breakout of 40550 level. Any Major downside only expected in case banknifty starts trading below 39950 level.
Double Bottom pattern in ACCACC stock was trading in Falling wedge pattern for last few days on 1h timeframe. This stock has given a reversal entry from support level and reversal target is above 2285+(up to resistance level ) In case this stock is given a breakout then take breakout entry on the resistance level so this can be extended for up to 2360+.
Bullish flag pattern breakout in LTI.From last few day LTI the stock was trading in Bullish flag pattern in 1D timeframe and today the stock has given a breakout so its breakout entry can be above 4660+ and its long target up to 5835+
Falling wedge pattern ASHOKLEY.ASHOKLEY stock was trading in Falling wedge pattern for last few days on 1h timeframe. This stock has given a reversal entry from support level and reversal target is above 155+(upto resistance level ) In case this stock given a breakout entry on the resistance level so this can be extend for up to 172++.
Rising wedge pattern reversal in TATACONSUM.TATACONSUM stock was trading in Rising wedge pattern for last few days on 1D timeframe. This stock has given a reversal entry from support level and reversal target is above 870+(upto resistance level) In case this stock given a breakout entry on the resistance level so this can be extend for up to 1040+.
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+.
(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+