ONGC - Bullish BreakoutKey Points:
- On daily chart strong Bullish breakout momentum seen with potential of 15% rise from retracement price of Rs. 153
- Resistance breakout @ 153
- RSI > 70
- Tech showing buy signals
- Price is above 20,50,200 EMA
- Volume is above VMA
Bhav is “ Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only.
Resistencebreakout
Recent resistance breakout in BATA INDRecent Resistance breakout in a BATA IND weekly chart.
For retest 1900 should act as important Support.
Targets are mentioned in the chart.
1750 will be Ideal SL.
This is just a view, not a recommendation to trade. Do your own analysis before taking any trade.
NSE:BATAINDIA
Vidhi Speciality High Volume BreakoutNSE:VIDHIING
Fundamentals:-
Vidhi Specialty Food Ingredients is engaged in the business of manufacturing and trading in synthetic food colors and trading in chemicals.
Sales and Profit CAGR for last 10 years at 12% and 28% respectively.
Average ROE for last 10 years at 25% and last 5 years at 28%. Last year it was at 30%.
Debt to Equity is at 0.05, Interest Coverage is at 23.6 and Current Ratio is at 5.29.
Dividend Yield is at 0.70% and the company is a consistent dividend payer since 2013.
All in all a good fundamental company.
The stock has given a high volume breakout today. Buy with a stop below Rs.140
Prince Pipes Momentum Long - Weekly/DailyNSE:PRINCEPIPE has given a breakout on Weekly and Daily Time Frames. On weekly charts the RSI is also showing that the stock is gaining volume and is in the sweet 60-80 zone. Further, on daily charts the RSI is near 75 level. The stock can move forward a little bit so one can take an entry right here and further wait for retest (that is when the RSI will be in overvalued zone and move downwards along with the price) - where it could be added more.