target met, now sell and book profits. New Target 51
Symmetrical Triangle since Jan 2020. Bearish MOmENtum. One can buy around 197 levels.
The Channel is intact. So would stay LONG. Though the black line could be a RESISTANCE !!
Looks like all the bad news is priced in regarding BFSI, Moratorium, Covid at the 280 levels. Pro otters reluctantly sold the 20% stake at 315 to FII's. Long at the 285 levels.
Looks like a Great set up. Watch or the first hour on 14th Aug and then get into it at the first sign of strength.
7 years and in the same channel. Such a iconic company and sales of meagre 6500 (mar 19 and Mar 20) !! Do they book the sales somewhere else !!
after the run, looks like a bearish phase now.
Many Chart Patterns here: Many Inverse Head & Shoulder Target 38. Thiough in the short run crossing 32 would be a challenge as the momentum indicators have got oversold.
To me Rs 92 looks like a very attractive buy. Rs 50 crore + run rate of Net Profit on a 2000 cr Mcap Company is really a great place to start.
What a performance. What a move And its 16% of the Index !!
Missile Maker Going Like a Missile. Good Technical Set up, Flag & Pennant Fundamentally Great. Exports Started first time by a Domestic Defence Mfg. ZERO DEBT High Dividend Payout
WEDGE Formation after 14 weeks of constant Upmove (since Mar 23 bottom). RSI falling. Reliance the Flag bearer of the rally, has no more new news flow coming ( thats what I presume). Though it could find a bottom at 1900 and move to 2350.
Ist target nearly achieved. Longer term (mid Sept) target of 460 !!
Varun Beverages Short Target 1: 675, if it passes with high volume then aim for target 2, SL: 740, RR ratio: 1.48 Just for educational purposes, not a suggestion to buy
VOLTAS IS TESTED SUPPORT ON MONTHLY TRENDLINE
Radico Khaitan Bullish Wedge Invest for long term 3 Targets prescribed SL 320