BO in IBULHSGFIN.There is an Ascending Triangle Pattern Breakout given by IBULHSGFIN on this Friday on weekly chart. So, I think we can see more upside levels on this counter.
First Targets :- 310
Second Target :- 360
Third Target :- 425
Stop loss as per risk appetite. Support is around 220.00
Nbfc
Sundaram Finance : Ready to fly (Pole and Flag pattern)Sundaram Finance is a leading NBFC belonging to Sundar Group.
The stock has jumped to 2800 levels and then started retracing. Currently, it has got multiple rejections from the upper trend line and it is now ready to breakout.
Above 2500 level it can again go higher to 2800 level again.
All the levels are mentioned on the chart.
DISC: Please consult your advisor before making any bet. For educational purposes only.
Mangal Credit: Multibagger in making. 10X?1. Very good financial
2. No debt
3. Company entering into gold, silver & diamond jewellery loans
4.Currently operating in Maharashtra and now entering Gujarat and Rajasthan.
5. Credit rating of IVR BBB- with an outlook stable on its long-term bank facilities of Rs20cr by Infomerics Valuation & Rating Private Limited.
6. Experienced promoters, Comfortable Capital Adequacy Ratio and Comfortable capital structure.
MegaCorp is Ultra Risky and currently Correcting!BSE:MEGACOR is currently undergoing correction and support areas are marked in the graph.
Its is a very risky penny stock. Beware!
Rising NBFC, Mega Corporation has normal fundamentals.
Should wait for stability to form in the company. Will get enough entry points in future when it becomes tradable.
Time for breakout- short term viewBuy on breakout above 560 for Target 600 and more
Stoplose 525 (R/R=1:2)
MANAPPURAMIt has given a Bullish Harmonic Gartley reversal. It could retest 167/170, View negates below 158
double bottom/rounding pattern/resistance trend line based tradedouble bottom neckline break above 1310
buy for target 1327, 1345
pattern seen - double bottom, 2 rounding pattern, resistance trend line break
disclaimer - trade @ own risk
BAJAJ FINSERV / BAJAJ FINANCE The pair chart is suggesting a reversal in Relative Strength from this level as it takes support near a rising trend line, suggesting Bajaj Finserv will outperform Bajaj Finance from here onwards. As per this the spread could now resume its uptrend till 1.95 and then 2.10, view negates below 1.72
CNX FinancialThe introduction of the index into derivatives has come with a Bearish Alt Bat Harmonic pattern formed in Weekly Time Frame . A daily close below 15475 could lead to long unwinding that might make the index retest 15000 / 14000 . The view would be negated if it breaks above 15700 on hourly closing basis (after activating a down move)
SHRIRAM TRANSPORT FINANCEAfter giving a breakout it appears to have completed its pullback. It could resume its uptrend from here for 1125 / 1150 as long as it remains above 1030
MANAPPURAM UPMOVE INCOMING Stock takes support at 100EMA. Bought at 171.45, Target is the length of previous consolidation zone. Please do the analysis yourself before trading.
L&T FINANCE ON THE VERGE OF BREAKOUT L&T FINANCE HOLDING
SECTOR- NBFC
CMP- 89.3
TARGET - 100
DURATION - 1 MONTH
RETURNS- 12.33%
TYPE OF TRADE - SWING
19/11/2020 Research Report For ManappuramBuy @ CMP CURRENT MARKET PRICE
First Sell Target @ 175
Final Sell Target @ 177
L&T FINANCE - BREAKOUTL&T FINANCE HOLDINGS
CMP- 74.15
TARGET - 84.5
EXPECTED RETURNS - 14.16%
TYPE OF TRADE - SWING
DURATION - 1 MONTH
NIFTY FINANCIAL INDEXAt the PRZ of a bearish Harmonic Bat in Weekly time frame it made a bearish reversal Candlestick today. A follow through tomorrow onwards would confirm a downward move for 13250 and below that for 12000. The view would negate if it sustains above today's high.
The index constitutes of all the large Banks and large Finance companies.
Harmonic Bat is a 5 points pattern based on specific Fibonacci Ratios which signal a reversal of trend for 38-50-62% of the last leg of the trend ending.
LIC HOUSING FINANCE - UP TREND CHANNEL PATTERN FORMED1. Today Many channels and analysts called for buying opportunity in LIC housing Finance.
2. Currently in up trend channel.
3. Dont go long . It has formed Higher highs and higher lows formation.
4. Not sebi registered. Trade cautiously.
Mahindra and Mahindra Finance NSETrade with caution.
1. Volumes are not that high considering the breakout zone.
BAJAJFINSV LONGThe chart is forming higher lows gradually on the 15 min chart.
Strategy:
Wait for bullish confirmation and make and entry around 6300.
The strategy will fail if the lower trendline is broken and keep the SL at 6100.
The target is 7150, presenting a 3:1 RR opportunity for this trade.
