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SASKEN TECHNOLOGIES coming out of base.About: Sasken is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition R&D services to global leaders in Semiconductor , Automotive, Industrials, Consumer Electronics, Enterprise Devices, SatCom, and Transportation industries, etc. Located in India, the company has presence all over the world Technical Points: 1. Price near Resistance zone. 2. Huge Volume Activity near Resistance Area (9x volume above average) 3. Huge Volume Activity witnessed on 24 & 25th October & 2 sessions in September with Positive Price Action. 4. Relative Strength of Stock has turned positive since 24th October & Sustaining. 5. Stock has formed a good base over 177 sessions or 261 days. 6. Stock's sector CNXIT had been under-performing Nifty since April 2022 but has seen positive price action and now at a base breakout juncture. 7. Once Sector starts its momentum, the stock will fire. Financial Results: 1. Sales Growth: 19% QoQ & 10% YoY 2. PBT Growth : 120% QoQ & -2% YoY 3. EPS Growth : 140% QoQ & -3% YoY Comment: Stock looks like coming out of a base with some good volume activity (which signifies accumulation). If it breaks out of resistance area First immediate resistance is around 29% away & second resistance is 54% away. If IT sector starts outperforming Nifty and come into flavor, this could fire up & give returns much quickly than anticipated. Disclaimer: This stock analysis is for study & education purpose only, so one can understand mentality & analytic points behind study to choose a stock for medium to long term investing. This is not a recommendation to buy or sell a security. Learners shall take their decisions on their own discretion.
NSE:SASKENLong
by AmanSaraf
BALRAMCHIN: BALRAMPUR CHINI MI PRICE Hello, Welcome to the quick update of BALRAMPUR CHINI MILLS. The company looks good fundamentally and technically and can be taken into consideration for our Portfolio. It has broken the channel in 4hrs timeframe. As of now, it is trading at around Rs 349 and looks good for mid-term holding for a target of 20%-40%. ENTRY between 319 to 328 Target: 378, 402, 455, 521 SL: 291 This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
NSE:BALRAMCHINLong
by ScramblerG
BULLISH on KEI INDUSTRIESNSE:KEI The price has given the breakout from the Triangle pattern. The prices are trading above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. This view is for 1 to 6 months. The Target and SL is given in the charts. The stock is outperforming the NIFTY for 1 year. Disclaimer : This is my own view and analysis. This is only for educational purposes. This is not a recommendation, call or a tip.
NSE:KEILong
by Kunal-Battu
BULLISH on IRCTCNSE:IRCTC The price, after the breakout from the channel pattern is regularly testing the Trendline and taking a support from it. Now the price is again testing the trendline, and also testing the confluence of the major moving averages. This is the reason I am very confident on this trade. This is a positional trade for upto 3 months. This Target levels are 758 and stoploss levels are 661. Disclaimer :- This is my own view and analysis. This is for educational purposes. This is not a recommendation , call or a tip.
NSE:IRCTCLong
by Kunal-Battu
BULLISH on TTKPRESTIGNSE:TTKPRESTIG The prices have given a breakout from the consolidation pattern. It was an accumulation phase. The prices are trading above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. This view is for 1 to 6 months. The Target and SL are given on charts. I will update about them in future. Disclaimer : This is only my view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
NSE:TTKPRESTIGLong
by Kunal-Battu
BULLISH on BDLNSE:BDL The prices, after giving a breakout from the Ascending Triangle Pattern has retested the support area. I think that it is the good time to enter the stock. The prices are above the important moving averages. The MACD and RSI is also Bullish. This view is for upto 6 months. The Target levels are 1070 and the stoploss levels are 864.50 levels. Disclaimer :- This is my own views and analysis. This is for educational purposes. This is not a tip, call or a recommendation.
NSE:BDLLong
by Kunal-Battu
BULLISH on OBEROIRLTYNSE:OBEROIRLTY The Stock had given the breakout from the channel pattern and now the price is retesting the trendline. The risk takers can take a bet and enter on current levels. Those who are conservatives can wait and see the candle patterns and price behaviour to enter. The SL and Target are given on the chart. The view is for upto 6 months. Disclaimer :- This is my own view and Analysis. This is for educational purposes. This is is not a recommendation, call or a tip.
NSE:OBEROIRLTYLong
by Kunal-Battu
BULLISH on COLPALNSE:COLPAL The prices have given breakout from the Triangle pattern. The prices are trading above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. There is also good volume during breakout. This view is for 1 to 6 months. The Targets and SL are given on the charts. Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
NSE:COLPALLong
by Kunal-Battu