Inverted head and shoulder pattern in Banknifty.In Today's trading session, banknifty index has been an inverted head and shoulder pattern in 15 min timeframe and its breakout level is 41155 level and its long target is likely to be 41800 level.
Fundamental-analysis
Preferential AllotmentLehar Foot Wears has made recently preferential allotment to promoters between Rs 35 to 45. Stock has consolidated nicely btw 2016 to 2022. With promoters inducing the confidence in the business this has to be pick for 1x from Rs 60
Hercules Hoist-Demerger of Investment ActivitiesGeneral Notes
1. Company is debt free
2. They are demergin their investment vertical from the balancesheet
3. EPS getting recovered from last 2 qtrs
4. Net cash is positive
5.Technical setup -13 years of breakout and this demerger can take this stock for new high
6. Investments activities are getting demerged from the business
7. Annual report has indicated that it has received export orders. However no mention of which markets. Actively exploring
ALKEM - SWING TRADE SET-UPAlkem looks good for swing Trade
He breaks Flag and pole pattern on Weekly time frame and also maked double bottom pattern
It's good for buy above if sustain then Buy 3250-3255 in this Rang
Disclaimer:- Fundamentally this stock is not good so don't invest more .
This is only for educational purpose
(Short term) Bullish Flag pattern in PATELENG.Discription:
Stock Name: PATELENG
Chart Pattern: Bullish Flag pattern
Time Frame: 1D
Entry: Reversal Support level
Breaout above 26.40+
Targets: Reversal Target 26.40
Breakout Targets 35.35+
Double Bottom pattern in INFY.Discription:
Stock Name: INFY
Chart Pattern: DOUBLE BOTTOM PATTERN
Time Frame: 1D
Entry: Reversal from support level
Breakout above 1630+
Targets: Reversal Target 1630+
Breakout Targets 1900+
Double bottom pattern in ZYDUSLIFE.Discription:
Stock Name: ZYDUSLIFE
Chart Pattern: Double bottom pattern
Time Frame: 1 Hour
Entry: Reversal from support level
breakout entry above 380+
Targets: Reversal Target 380+ (upto resistance level)
Breakout target 397+
CUMMINSIND - SWING TRADE The stock is consolidating in a range for over a month BUY If sustain above 1258 target is 1290
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management.
FUNDAMENTAL INFORMATON ABOUT COMPANY :-
Cummins India Ltd. engages in the manufacture, design, and distribution of diesel and alternative fuel engines. The firm also offers electronics, emission solutions, filtration, fuel
Bullish flag pattern in TORNTPOWERDiscription:
Stock Name: TORNTPOWER
Chart Pattern: Bullish flag pattern
Time Frame: 1 W
Entry: above 545+
Target : above 855+
Wedge pattern Breakout in TATASTEEL.Discription:
Stock Name: TATASTEEL
Chart Pattern: Wedge pattern
Time Frame: 1 Hour
Breakout entry above : 108+
Breakout target above : 114+
Laxmi Organic Industries Limited ABOUT
Laxmi Organic Industries Limited was established in 1989 and is in the business of specialty chemicals. The Company primarily manufactures Ethyl Acetate, Acetic Acid and Diketene Derivative Products (DDP). DDP is a specialty chemical group, the technology and business of which has been acquired by the company from Clariant Chemicals India Limited.
The company’s business operations are carried in over 30 countries including 11 offices located in India
PROS
Company is expected to give good quarter
Company has delivered good profit growth of 29.0% CAGR over last 5 years
CONS
Stock is trading at 7.82 times its book value
Promoter holding has decreased over last quarter: -0.39%
Symmetrical triangle pattern in SYNGENE.Discription:
Stock Name: SYNGENE.
Chart Pattern: Symmetrical triangle pattern
Time Frame: 1D
Entry: Reversal from support level
breakout above 610+
Reversal target above 610+
after breakout target 733+
Bullish flag pattern in PIIND.Discription:
Stock Name: PIIND
Chart Pattern: Bullish flag pattern
Time Frame: 1D
Entry: Reversal Entry from support level
Breakout above 3400+
Targets: Reversal Target 3400+(upto resistance level)
Breakout target :- 4400+
Bullish pennant pattern breakout in COLPAL.COLPAL stock as seen in today's trading session was trading in bullish pennant pattern from last few days. It has given breakout inn today's trading session. So we can take a breakout entry above 1652+ and place their long target at 1765+ with a stoploss at 1626-.
Head and shoulder pattern breakout in ACC.Discription:
Stock Name: ACC
Chart Pattern: Head and shoulder
Time Frame: 1W
Entry: Breakout entry above 2405+
breakout target :- 2885+
Stoploss below :- 2265-
Symmetrical triangle pattern in BALKRISIND.Discription:
Stock Name: BALKRISIND
Chart Pattern: Symmetrical triangle pattern
Time Frame: 1W
Entry : Reversal Entry (From Support level)
Targets: Reversal Target 2300+(upto resistance level)
and this can be extend for upside upto 3425+ in case this stock is sustain above 2300+ level.
Bullish Pennant pattern breakout in TATACHEM.Discription:
Stock Name: TATACHEM
Chart Pattern: Bullish Pennant pattern
Time Frame: 1 Hour
Breakout entry above : 1120+
Breakout target above : 1220+
Stoploss below : 1105-
EURUSDEuro was up 0.09% against the greenback, lets see how everythinh unfolds, ahead of the Fed's powel
USDZARUSDZAR still creating corrective movements, waiting for it t break below the we'll be looking for correction then further sells
Invest in Marico?Personal, I am waiting for MARICO to drop below 510rs in the near future for my first entry into the company. Marico has a complete dominance in the oil industry, and right now, Marico is heavily focused on their Saffola brand, with an aim to generate 850cr in revenue from the brand.
And the earnings from saffola in 2022 is extremely strong and expanding.
Broadening Wedge Pattern reversal in PERSISTENT.Discription:
Stock Name: PERSISTENT
Chart Pattern: Broadening Wedge Pattern
Time Frame: 1 D
Entry: Reversal From support level
Reversal target : 4140+ (upto Resistance level))
Falling wedge pattern UPL.Discription:
Stock Name: UPL
Chart Pattern: Falling wedge pattern
Time Frame: 1 Hour
Breakout entry : above 750+
Target : 810+
Stoploss 732-
Broadening Wedge Pattern in OFSS.Discription:
Stock Name: OFSS
Chart Pattern: Broadening Wedge Pattern
Time Frame: 1 D
Entry: Reversal From support level
Targets: Reversal Target 3560+(upto Resistance level)
