It has a trendline resistance to break and post a confirmation candle, Hold
fundamental wise,Post commissioning of Mukutbandh project (likely in FY22E), the company will embark on the next phase of growth to enhance its capacity to 25 MT, The ongoing expansion at Mukutbandh, Maharashtra is likely to get
completed in the Q4FY22E vs. Q2FY22 targeted earlier due to...
Environmental concerns around the world & tight regulatory prohibitions on toxic packaging materials increased the exposure of sustainable packaging alternatives. TCPL is well placed as it derives
85% of its revenues from paper and paperboard packaging
Jindal Stainless Limited (#JSL) - Making a good base.
High profitability, increasing margins, reduced debt, merger news, easy earnings comparison for the upcoming quarter, all make a good recipe for a good trade. Details on the chart.
For easy reference, see this picture
Affle has been in a price and time correction from a long time.
1. 50 DMA reclaimed with good volumes
2. Trendline broken and sustained.
3. Consistent Exceptional results from the company.
Promoters decreasing their stake
Stock in NSE ASM list , hence in trade-to-trade category with dried volumes.
Stock is ready to be bought, but...
The company’s net loss in Q1FY22 widened to Rs 356.2 crore from Rs 99.8 crore, YoY. Net loss in the quarter ended March 2021 was Rs 130.8 crore. Revenue jumped to Rs 844.4 crore from Rs 266 crore, YoY. Jefferies has updated the the target to ₹175. Theres can be short term buying opportunity with a target price of ₹150/155/160
jswsteel : 763.25
trade set up :
1. buy above 766
2. keep stop loss as 735 on closing basis
3. targets expected 860+
technical buy set up :
2. double top breakout
note : good bullish structure with stock price
& consolidating before breakout .
with technical there is additional good results (Q on Q)
time frame one month.
GOLDEN CROSS in RIL ltd. (Daily chart)
Is reliance getting ready for big move?
1.The golden cross is a technical chart pattern indicating the potential for a major rally.
2.The golden cross appears on a chart when a stock’s short-term moving average crosses above its long-term moving average.
DATE - AUG 03, 2021.
Indian market index NIFTY gives breakout of two months consolidation zone, MAKES ALL TIME NEW HIGH(16146.90) & manage to close on ALL TIME HIGH(16130.75).
congratulations to all market participants.