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Advanced Enzymes - Technically PositiveAdvenzymes has taken a dip of about 40% from its all time high of 503.70 on 19/05/2021. However, fundamentals have not fallen to the comparable intensity. Positive Triggers: 1. Positive RSI Divergence: 2 times positive RSI divergence within short period of time 2. Prices moving up after a healthy consolidation within same range for longer time 3. W Pattern is in formation 4. Handle, from the Cup and Handle Pattern, will be in formation if price move upwards. And, that pattern will be made over a pretty long period i.e., from October 2016. Key Resistances: 1. 334 2. 350 3. 374 4. 415
NSE:ADVENZYMESLong
by TechnoFunda_Investor
Aegischem - Fundamental + Technical: Multiple Positive TriggersAegisChem has already gone through a healthy consolidation phase, and now, trajecting in a northward journey. 1. Positive RSI Divergences: It gave two positive RSI divergences 2. W Pattern: It seems to be making W Pattern. It is moving towards its trough area. Once, the trough is cleared, it will move upside with further more strength 3. Price Volume Action: Last candle was a long and strong green body with a huge volume support, indicating long build-up 4. Key Resistances: R1-244 R2-268 R3-284 5. Quarterly results and Half Yearly results are significantly more Y-O-Y Basis 6. OPM has grown remarkably about 6% each in both the Quarters on Y-O-Y Basis Consider it a medium to long term study for higher gains Disc.: I am not a SEBI Registered Investment Advisor. Study the stock by your own or in consultation with your financial advisor.
ALong
by TechnoFunda_Investor
Shemaroo - Trend ReversalShemaroo corrected long way from 169.3 on 23/09 to 116.60 on 20/12. Since then, it is creating a healthy consolidation. Positive Indicators: 1. Trend Breakout: Breakout from a negative trend 2. Positive RSI divergence 3. RSI Crossover with price breaking out of negative trend After clearing out of 131, next strong resistances are around 135-140. Then on, it has a huge upside potential with targets of 153, 165, 175 and then it will be in open chart area. SL: 115
NSE:SHEMAROOLong
by TechnoFunda_Investor
SMS Pharma - Negative trend reversalSMS Pharmaceuticals underwent long downtrend from 198.8 on 05/08 to 116 on 20/12. This trend seems to have gotten over with Higher High and Higher Low pattern since 20/12. Pattern: 1. Higher High Lower Low on Daily basis from 20/12 2. Cup and Handle Pattern beginning from from 04/11/21 Technicals: 1. Positive RSI Divergence 2. RSI Cross over on daily basis 3. High Volume after creating higher high, along with a 2nd green candle SL: 120
NSE:SMSPHARMALong
by TechnoFunda_Investor
Colpal - Negative Trend ReversalColpal was correcting from 1823 on 26/07 down to 1393 on 20/12. After consolidating for about a month, it is showing increased interest. Positive RSI Divergence: Positive RSI divergence observed since 20/12 44 DMA Breakout: Today's candle opened above 44 DMA and morning hours observed good volumes till now Double Bottom: It seems it created double bottom today with the second bottom above the previous It has huge upside potential due to its lengthy previous downfall. SL: 1375
NSE:COLPALLong
by TechnoFunda_Investor
Sanofi - Reversal in negative trendSanofi was correcting from 11/08 from 9275 and it went down to the level of 7435 on 20/12. Since then, it is consolidating in a healthy way. It now seems to be a reversal candidate and uptrend may start soon and strongly. Chart Pattern: 1. Double Bottom - It created double bottom with second bottom above the initial - It created double bottom with positive RSI divergence 2. W Pattern: If it rounds upside successfully from here, W pattern seems to be in formation - As per this pattern first target would be top of the trough, i.e., 7930 and then 8350 to the top of W Retracement: According to Down side retracement, first target can be 8138 (38.2%), then on 8355(50%) and final strong 3rd resistance would be at 8572(61.8%) SL: 7400
NSE:SANOFILong
by TechnoFunda_Investor
Sigachi - Trend Reversal (Getting Positive)After falling down snce IPO, Sigachi has corrected hugely and from last few days it is showing healthy correction. Yesterday, it created an inverted hammer with high volumes and today it gave a following green candle with higher volume than yesterday. It is a clear buy signal from inverted hammer pattern. Also, RSI gave a huge breakout, which indicates strong interest in the counter among participants. However, RSI was giving positive divergence from many days back. Today's move triggered buy scenario.
NSE:SIGACHILong
by TechnoFunda_Investor
Best Agro - Technical + Fundamental InvestingTechnical View: 1. Very Quality stock, and it has broken out from negative trendline with long green body candle and high volume. 2. RSI Crossover on daily basis Fundamental View: 1. First Indian company to be granted the license to manufacture Insecticide Diron, similar to Japan (Data from screener) 2. Operating profit margin tripled from 2% in FY2020 to 6% in FY 2021. However, OPM in H1FY22 is at 10.5% now. Consistent Sharp rise in OPM is very good sign 3. 9 Crores of Net Profit in H1FY2021 increased to 51 Crores in H1FY2022, i.e., 5.5 times in YOY Basis 4. Interest to Net Profit is 0.10 5. ROCE is increasing sharply Recommendation: Buy for long, until fundamental shows deterioration
NSE:BESTAGROLong
by TechnoFunda_Investor
PAGEIND - Breakout after 3 plus years - Investment + Swing TradeThe analysis is done on Monthly TF hence price may take few months to even couple of years in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:PAGEINDLong
by TradewithAditya
APARINDS|Can give good breakout | Keep it on watch-list/radarNSE:APARINDS Technically, on Daily Time Frame, it has made perfect rounding bottom pattern and also gave breakout of it from the level 596 where it had the neckline of it. And then it also took support from neck line level at 596 level. Now the next breakout level for this stock is at 700 level. This stock is for people who are looking for investing for short/mid term time. (1 -3 months). Please note: : This is just for educational analysis and it is not any financial/investing advise. You can keep this stock on your watch-list /radar. Better to take advise from your financial advisor before considering for any investment.
NSE:APARINDS
by Trading_hawk
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