MIDCAP
CAN BAJAJ HEALTHCARE BE A GOOD NEW YEAR PICK ?TECHNICALLY:
Stock is currently forming base and constructing sort of ascending triangle pattern if it closes above the 451 we can see it firing.
ABOUT COMPANY:
Bajaj Healthcare Ltd is an established player in the Indian Pharmaceutical Industry and fastest growing mid-cap pharmaceutical companies in India.
Various Active Pharmaceutical Ingredients (APIs), Amino acids, and nutritional supplements are produced and supplied by this bulk drug company to the pharmaceutical, nutraceutical, and food sectors.
The company manufactures and distributes APIs, Intermediates, Formulations, and Impurities.
API accounts for over 90% of total revenue, with 6 API production sites distributed across many states. It has a significant presence in over 50 countries through API exports, with a total manufacturing capacity of 730 MT per month.
Customers of BHL include well-known pharmaceutical companies such as Sun Pharma, Pfizer, HUL, Abbott, and GlaxoSmithKline plc, as well as Bajaj Medical LLC, Nestle Group, Evonik Industries AG, Intas Pharmaceutical Ltd., and Lupin Ltd.
The company operates API production factories in Tarapur, Maharashtra, Vadodara, Gujarat, and Ankleshwar, Gujarat. It has one Finished Formulations manufacturing unit in Gujarat. It has two intermediates manufacturing factories in Maharashtra.
The company's management has successfully achieved steady growth in revenues as well as profit.
NIFTY MIDCAP bullish move started
* Those who are trading hOrizontal breakout , horizontal breakout is stilll panding. { ON VERGE OF BREAKOUT}
*Tredline breakout is done and give a good bullish candle
* Start analysis of all midcap stocks and find out which are either on verge of breakout or just breakout
* Some stocks are on verge of breakout.
*I will upload analysis about all breakout candidates in this week
NIFTY MIDCAP DIVERGENCENSE:NIFTY NSE:CNXMIDCAP NSE:CNXSMALLCAP Diverging for couple of days. Ideally the broad market shall start picking up.
While Nifty is getting selling pressure near the Highs today. Midcap and Smallcap Index getting buying near support zone.
Midcap and Smallcap shall start picking up from here on.
The Broader Market Indices must converge with the Mainstream Index Nifty 50.
Inter-market Divergence is not sign of healthy trend. Longer the time the divergence prevails it leads to trend reversal.
As Nifty and Bank Nifty are near the Highs along with other Indices. Broader Market Indices and stocks shall pick up the trend now.
MIDCAP may be on FireNSE:CNXMIDCAP NSE:ASHOKLEY NSE:ASAHIINDIA NSE:BAJAJHLDNG NSE:GRAVITA NSE:IEX NSE:PIIND NSE:POLYCAB
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
Persistent Systems in an accumulation phase or will it dip againPersistent Systems have been trading in a broad range for the last few months. It has tested the bottom range thrice and now the prices are hovering near the upper range where we can also spot an accumulation and a confluence of the upper range and another resistance trendline.
As for the bearish section, there is a confluence of 200 EMA and the support trendline, but as for the performance of the sector, my personal belief is that the stock might show us a good rally anytime now.
Trade with due diligence.
Dixon Technologies - Keep an Eye 📊 Script: DIXON (DIXON TECHNOLOGIES (INDIA) LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500, NIFTY INDIA CONSUMPTION, NIFTY MIDCAP
📊 Sector: Consumer Durables
📊 Industry: Consumer Electronics
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script is moving towards resistance level which is around 4659 if script is breaking its resistance level it may go up.
📈 Current RSI is around 77.
📈 One can go for Swing Trade for around 120 points.
⏱️ C.M.P 📑💰- 4540
🟢 Target 🎯🏆 - 4659
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Sumitomo Chemical - Symmetrical Triangle Breakout Soon 📊 Script: SUMICHEM (SUMITOMO CHEMICAL INDIA LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MIDCAP
📊 Sector: Chemicals
📊 Industry: Fertilizers & Agrochemicals
Key highlights: 💡⚡
⚠️ Keep an eye on SUMICHEM .
⚠️ It is near at its resistance zone which is around 500.
⚠️ Script is going to give double breakout which is trendline breakout and Symmetrical Triangle Breakout as mention in chart.
⏱️ BUY ABOVE AROUND 500
⚠️ If its give breakout then one can go for swing trade.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Nifty Midcap 50 INdexA very strong correction has happened in Nifty Midcaps...
But are we out of woods yet.
This upside in the last couple of days is just a technical pull back form oversold zones...
I have market the possible hurdles on the rise and certain important levels of hurdle..
once technical bounce is complete then we will again see a range bound to negative trend... unless a weekly close happens above the top yellow line.....
consolidation and correction in BSE Midcap IndexS&p BSE MIDCAP INDEX- time ripe for consolidation aka correction.
An observation of Monthly charts of S&P BSE Midcap index reveals that its ripe for a consolidation cum correction for a periods of 15-18 months from Today i.e May 2022. So reasonable to say time for super cycle growth can start from 2024-2026 for tgt of 38000-50000.
61.8% retracement for the entire rally from 10000 to 27500 comes to 18000 approx. So its most likely we shud consolidate around these levels(18k to 23k) for long before giving breakout.
Assumptions- Rounding bottom will b formed(typical when consolidation takes place) on monthly charts.
Pole has already b been formed by rally of 10k to 28k, so this 18k points added to 28k , makes tgt 56000.
Time frame 2-5 years.
Have conviction in Indias growth story.
Regards
Mayank
LIC BuyLIC Housing Finance Buy Signal
This stock has formed Falling Wedge pattern with good intensity of volume . One can go Long when 346.80 level is broken and start accumulating quantities in systematic way. After it breaks the channel and retest the channel, invest your entire capital per stock that you have allotted as per your total capital.
LAMBODHARA TEXTILE DAILY CHART ANALYSIS AS ON 14.01.2022LAMBODHARA TEXTILE as per daily chart analysis Stock Above 127 for a target 137. Resistance 141. The market from JAN 2022 is in the one way run-up and the major resistance for nifty is at 18340/18348 and if the bulls can break and sustain above the resistance then the market will continue to be in the hands of the Bull. So far in this JAN 2022 FII selling has reduced much comparatively to OCT, NOV & DEC 2021. As we are nearing UNION BUDGET FEB 1st 2022 probably selling may not be more unless and untill there will be any major news. wishing you all a profitable trading.
RAYMOND DAILY CHART ANALYSIS AS ON 14.01.2022RAYMOND as per daily chart analysis stock above 693 for a target 700. Resistance at 701. The market from JAN 2022 is in the one way run-up and the major resistance for nifty is at 18340/18348 and if the bulls can break and sustain above the resistance then the market will continue to be in the hands of the Bull. So far in this JAN 2022 FII selling has reduced much comparatively to OCT, NOV & DEC 2021. As we are nearing UNION BUDGET FEB 1st 2022 probably selling may not be more unless and untill there will be any major news. wishing you all a profitable trading.