M_M | Stable stock, looks good for 35% upside?Weekly Chart - Broke the previous solid resistance and stable upside now.
CMP : 590
SL : 550
Target : 800
Beautiful 1:5 risk reward setup. Looks good for accumulation, since it is weekly pattern it may take few weeks to month to reach the target.
I love F&O stable stocks like this which respects proper support & resistance , so that we can create some option strategies and maximize the profits additionally.
(P.S : Previously shared this stock few weeks ago but for some reason it is deleted so posting again)
Growth
Bullish momentum expected #breakoutAffle has been in a price and time correction from a long time.
BUY reasons:
1. 50 DMA reclaimed with good volumes
2. Trendline broken and sustained.
3. Consistent Exceptional results from the company.
Cautious points:
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 trade is a bit risky, SL of 3950 and targets of 5075 can be achieved within some months.
Quality stock at good price, once it gets out of trade to trade, it can do really well.
ZOMATO Short term buy opportunity 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
Trade with good breakout concept !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 :
1. rectangle
2. double top breakout
3. volume
note : good bullish structure with stock price
& consolidating before breakout .
with technical there is additional good results (Q on Q)
time frame one month.
RELIANCE LTD.RELIANCE LTD.
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.
Life Time High - Breakout with Good Volume (Don't Miss)Positional Pick !!
The Stock is at life time high supported by historically best numbers posted by the company in the March Quarter. I still sense a lot more upside.
Don't Miss the move.
RELIANCE one year journey in patternsRELIANCE CMP 2153
highlights
1. for the past one year stock has travelled in patterns
2. symmetrical triangle pattern in 2020 october to december
3. head and shoulder pattern in 2021 february to april
4. cup and handle pattern in 2021 april to may
5. flag and pole pattern at current setup in may-june
Trade set up
1.buy at 2153 cmp till 2140
2.keep stop loss as 2084 on closing basis
3.targets 2259/2363/2507+++
buy based on flag pole formation .
and buy initiation at lower trendline of flag .
Again Buying Opportunity - TIDE WATER OIL Stock Tested the levesl of 12999 on NSE and with some correction or we can say Profit booking it is again ready to Fire...
My own next Target is 13000 Second target is 15000 and if sustain above this we can see again big targets like 20k ..
You can check my previous idea about this script target of 13k hit like 1 min Spike ... but not sustained and from that level we saw profit booking..
Buy On CMP
TARGET 13K/15K
SL - As per ur risk
Do like and comment my idea..
Always Be Bull in the market...Not Bear...We all no market is not gonna stay on this levels forever ..so make ur view bullish...
SAIL - Breakout SAIL has given a good breakout with high volume and broke its supply zone. The structure of this stock is looking very bullish. also In today's trading session, the company has declared their annual sales reports, which is very attractive. If the stock sustains 127.55 and 128.5 price levels, the stock may give very good returns for short-term periods.
If you like my idea then please follow on the trading view
Keep learning and keep growing
Thank you
StoveKraft ( Investment Idea) Huge digital presence more thna 60% of sales online will adapt to change well
Will have to look out for increasing revenue share from higher margin products and look for cost optimization.
Issues is it does not have a premium brand under the company's name.
Needs to diversify away more from only kitchen appliances and focus more on other appliances.
Pretty undervalued at the moment should look to buy on dips.
Buy at the previous trading range top then also buy at the trading range bottom if price goes there.
Always remember this is an IPO stock and IPOS have been know to destroy wealth for a while until the free cash flow really starts coming it won't get a PE revaluation.
(For it to trade at a multiple close to TTK prestige or Hawkins or Havells it needs to stabilize it's cash flows and margins while heavily increasing sales and reducing debt.
So do keep an eye out for that.
Track the quarterly reports also for good results and execution by the management.