Longterm
Gujrat Mineral(GMDC) can be a multi baggerFrom the last few months, the volumes in GMDC are surging and celebrity investors also invested. Buy for multiple targets
LT : 5th time Retest of 1800's zone !In Past 3 years from 2014, LT has tested this 1800's zone 4 times & went down everytime. Now it is back again testing the same zone, though we have wiggling room of 150 points in the upside, the resistance zone seems pretty strong. History repeats but for 5th time it will retrace after hitting the resistance zone or not ? Only LT can answer, but we have reasons to believe it will retrace down.
i) Pretty Strong resistance zone & Harmonic pattern completion in the zone
ii) Potential Double Top formation (daily) with RSI divergence can happen, if you check back it has happened earlier in same resistance zone
3) Though Double top formation fails, ABCD completion is little above that but still within zone
Personally, I feel it will get into range mode of 400 points but I haven't checked fundamentals so I can be wrong.
If you have strong fundamental reasons to believe that it will move up breaking 1900's , you can acquire very small quantity now & Go with accumulation & once that 1900's resistance crossed convincingly on weekly, you can fully invest.
Happy Investing !
Channel Breakout { Very Bullish }Ujjivan Fin Serv has beautifully took support over the support line and broke the channel with a very big no. of volumes...
Points which confirms Bullishness :
1. Took support on support line and based on that support, It has broken Channel...
2. Very High no. of volumes traded on the last trading day of week..
3. Looking towards higher time frame (weekly) A very Bullish Engulfing candlestick pattern is formed..
Charts are clearly indicating that it may touch 450 zones again...
Targets are 335/350/370/390/420/450+
SL: 305
Risk Reward Ratio is perfect....
Note: Do your own study before making any position...
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Get Ready For a Big Move { Very Bullish }DLF has made Trend Breakout in monthly charts with bullish bollinger band expansion where price are riding upper bands........
CMP : 205
Target 1: 215
Target 2: 230
Target 3: 250+
SL: 195
Note: Do your own study before making any position...
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Flag Breakout In VHL { BULLISH }Clear flag breakout in weekly charts of VHL
Target are 3500/3900/4200
SL: 2800
Note: Do your own study before making any position...
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Trend Breakout {Very Bullish}Corporation Bank has made a trend breakout in weekly and monthly charts with bullish bollinger band expansion and price riding upper band...
CMP : 60.60
Target 1 : 80
Target 2 : 98/100
Target 3 :130+
SL : 50
Note: Do your own study before making any position...
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INFYWait for the breakout to the downside before shorting.
Don't miss the dip to buy as well..
Great stock to keep in portfolio.
It will not go straight away to break the top, but that's the cheapest you might get 'infy'
Big Players are OUT and New Big Players are getting INWith the recent news of merger of adityabirla Nuvo - ABIRLANUVO and GRASIM sentiments are hurt. The Big Players are getting replaced with this decision. Both the stock will go down technically, however, the business model are similar and hence will help the company as a whole. Particularly Second quarter results or Half yearly result of the merged company will be high.
Advised to make long position after merger which can be wealth creation.
Happy Trading
