Nseindia
ALLCARGOALLCARGO:- The descending triangle pattern has formed, if there is a breakout of the trendline, then the movement of the upside can be seen, till then keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Ajay.
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TATA COFFEE - 26% RETURNS!!!BUY - TATA COFFEE
CMP - Rs. 213
Target - 1: Rs. 243
Target - 2: Rs. 270
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Technicals - Bullish Flag BO
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This is just a view by an expert analyst, please trade at your own risk.
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MACROTECH DEVELOPERS - 56% RETURNS!!!BUY - MACROTECH DEVELOPERS LTD
CMP - Rs. 918
Target - 1: Rs. 1200
Target - 2: Rs. 1430
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Technicals -
1) Bullish Flag BO
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Fundamentals -
1) The company's financials show a steady growth in revenue and profits in the past few years, with quarterly sales exceeding ₹1,000 crores. The company's profits have also increased, with a net profit margin of around 10%.
2) The current ratio and return on equity are both reasonable, while the debt-to-equity ratio is relatively high, indicating that the company has taken on significant debt to finance its operations.
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This is just a view by an expert analyst, please trade at your own risk.
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Follow me for more!
Small SL entry in Bandhan Bank. Targets 222, 236, 247.Bandhanbank is displaying an Inverted Head & Shoulder pattern and is currently experiencing a constant upward trend with the formation of a rising wedge in some time frames. As per my analysis, buying on dips in this stock could be a favorable decision. However, it is recommended to wait for a small correction before initiating the trade.
It is advisable to place a small stop loss to mitigate risk. The potential targets for this trade are 222, 236, and 247, and traders can trail their stop losses according to their risk management strategies. It is crucial to monitor the stock closely around the 222-226 levels. I recommend avoiding holding this trade below 206.
As always, I would like to remind traders to exercise their discretion and make their trading decisions based on their own risk management principles.
Nifty 50 will struggle around the Zone-1Analysis-1:
On the basis of daily and hourly chart, from last week, market was witnessing reversal from Zone-1. It's looks like strong resistance.
If Zone-1 breaks, market will try to penetrate into the Zone-2 due to strong boom
Analysis-2:
As market is in down trend, 17500 will be act as support