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Long-term-bullish

Possible Trend Breakout in SONACOMS???Stock has been consolidating from past one year after a giving a strong rally of more than 150%. On 25/01/23 stock has finally given breakout from its downtrend. Price level of 480-500 may act as immediate resistance for the stock. Major support lies between 400-410 in case price retraces in to previous channel. If price manages to close above this level, we can expect a decent rally in coming days. All the possible targets are marked on the chart. Maintain stop loss at 380. About Fundamentals of the company, SonaBLW Precision Forgings Limited designs, manufactures, and supplies systems and components for the automotive industry in India and internationally. Recently the company has agreed to acquire 54% stake in Novelic Doo-Beograd-zvezdara for €40.5 million on January 9, 2023, will Complements its focus in the EV space and provides an option to scale the business and develop adjacency in conjunction. This is just a view, not recommendation to trade. Do your own analysis before making any investment. Do like and share this idea and share your opinion in the comment section. NSE:SONACOMS
NSE:SONACOMSLong
by varun_devadiga
3
Weekly Cup and handle Breakout in LGBBROS?Cup and handle Breakout in LG Balakrishna & Bros weekly chart. Stock has given breakout from its cup and handle pattern. For pattern confirmation price has to close above 755 in weekly chart. 730-680 levels should act as strong support if the price is coming for the retest. For further strong up move, price has to close above 775. All possible targets are marked on the chart. Can maintain strict Stop loss for the trade at 620. This is just a view, not recommendation to trade. Do your own analysis before making any investment. Do like and share this idea and share your opinion in the comment section. NSE:LGBBROSLTD
NSE:LGBBROSLTDLong
by varun_devadiga
HIMADRI SPECIALTY CHEMICAL --- LONG TERM - BULLISH HIMADRI SPECIALTY CHEMICAL (HSCL) is an Established Brand with strong proven track record in specialty chemical , India's only fully integrated carbon chemical plant . TECHNICAL daily, weekly , monthly Chart is look bullish, as we discuss about multiyear monthly chart strong trendline breakout seen recently around leve 48-50, consolidation seen around 50-60 level and, resistance breakout of this consolidation above 60 level also seen now in last 2-3 trading session, so this indication of strong trend reversal at 60 level ..bullish formation on chart to see upside target 80-100-120 . Bullish RSI and MACD above center and signal line at daily chart. FUNDAMNTAL of co is positive since co in profit QOQ and YOY but this quarter some decline in profit margin is seen. BUY HSCL @ 63 TARGET - 80 -100- 120 STOP LOSS 39 THIS STOCK IS BETTER FOR SHORT--MID--LONG TERM .. But keep track on quarter results if one having mid -long term view. ! potentail upside can be 20-30% (1-2 month) short term and 50-80 % in long term ( upto 1 year ) ** THIS IDEA IS FOR EDUCATIONAL PURPOSE..please do own analysis and take call at own risk ! ** VIEWS for or against of anlysis welcome.. HAPPY TRADING . !!
NSE:HSCLLong
by champtrade111
ONGC: Monthly Breakout... Would it break free???ONGC - the stock looks good especially on any dips - The stock has given a breakout on monthly chart (Breakout zone 115-118) - Short term Target 150 / 157 / 169 - Medium term target 196 / 212 Please note we do have a positive bias in the stock since November 05, 2020 when the stock was at 67 odd levels and we had given a buy for a target of 114. Our view on 22 Dec, when the price was 90, we had again reiterated a buy June 2, 2021, when the price was 118 we had a buy call for a Cup and handle target of 128 August 11 and Aug 30, 2021, again a buy was recommended ( once it triggered a SL and next time it hit the target) We have a history in recent times and our view may be influenced. Also our cost of acquisition is much much lower. So Please do your due diligence especially if you are considering ONGC for the 1st time at current levels. Take care & safe trading...!!! Like & Follow for more such ideas Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:ONGCLong
by indiamarketoutlook
2
New Position.. Great RRGreat Fundamentals. Did a decent Breakout, Now going back for re-test. I didn't wanted to take chance, hence I brought it straight away. But to save further 2-3% return one can wait & invest. Movement will be slow in this one. but it will surely easily give 40-50% easily, because auto sector has started its swing. Lets see! :) . . . Disclosure: Not a Recommendation. Personally Invested.(40% of total allocation for this stock, which will be 8% of overall portfolio given the conviction)
NSE:GABRIELLong
by IIMA_Brat
5