inverted head and shoulder pattern banaras beads making rounding bottom with inverted head and shoulder.
in bigger time frame . stay long . buy below 75. wait for level.
Stockideas
#Gravita CnH formed and now upside#Gravita has formed Cup and Handle and also retested the earlier breakout level.
Current Market Price is 461 and abv 470 the price may test 500/540/590 in coming weeks. Stoploss can be taken as 395 on closing basis.
Gravita has posted very good result and the stock is continuously strong with good volume.
Coforge very good looking for bottoming out#Coforge CMP 4016 if closes abv 4055 then we can expect a very good upside in Coforge
IT Stocks are going very cheap after recent correction.
Coforge can see 4260/4500 in coming days. If momentum continues we can see much more.
Lambodhara buy ideaLambodhara - A textile company with decent business and future business expansion work in progress.
Mostly profitable in all historical quarters.
Buy for high targets.
It is nicely following the cup pattern.
MACD Crossover on weekly timeframe showing bullish signal.
Great time to buy and accumulate.
Disclaimer: This is a educational chart setup and not a buying recommendation of any kind. Please do your own research before investing.
Hitech Pipe : Forming IHnS#Hitechpipe is forming a IHnS at 880. The price has tested the 880 level for 3-4 times previously and also retested the BO level of 855-860
Now trying to break above the IHnS neck line in 880-885 zone. If breaks above this level then one can expect to 940/970/1000 price levels in coming weeks.
One can keep SL of 825 o the closing bais.
#PageIndustry touched the previous demand zone#PageInd price came to touch the Demand Zone of 37800-39600 after making all time high of 50350. CMP is 40850 allmost 20% down from ATH price.
Strong fundamentals and can be added here with 37500 as SL for 15-20% upside from here.
Page Industry gave BO at 36200 in October 21 and achieved high in Oct'22. And now again at good buying level for midterm investment.
#Cyient looking good for upside #Cyient showing bollinger Band BO in weekly time frame. Fundamentally seems good and lot of upside.
CMP 894 can be taken for 1075/1150/1180 for midterm.
Lloyd Steel showing good Bollianger Band#LloydSteel CMP 18.85 can be added with 14 as SL for 23/25/28
Very good BB breakout.
MCX took support and now positive#MCX took support at long period support area of 1400-1425 and now 1600. Still lot of room there for upside for 1750/19750
The company has a 96.48% share in the commodity derivatives market. It controls 100% share of Precious metals & stones, Energy & base metals with exception with agri-commodities
TFCI strong BO with volume#TFCI another PSU making come back CMP 94 can be taken for 110/120/140 for midterm with SL 75
Chart is looking very good and price has broken abv resistance after Trendline BO few weeks back.
HPCL high margin for last few months may reflect in Results #HPCL looking good for bottoming out technically. OMCs shown bad results after election in UP and other states which negatively affected the margins. Now Crude is coming down but Margins are increasing and may be around Rs10 per litre. Buy for very good return at CMP 252 for 300/350 SL 225
Tata Investment#TataInvestment holding company of many Tata Group companies. Trendline Breakout on chart.
Seems ready for new high as Tata group is in news for Chip making and buying of Apple plant CMP 2275
HCL Tech looks good for decent upside.#HCLTECH CMP 1069 broken out of last 3 week's high and can be added for 1130/1190 for midterm.
SL 1000 If momentum continues then we can see 1300 also in this counter.
KPIT Forming a CnH and BO#KPIT looking very good and forming a bookish CnH. Can be taken for 30-40% upside in midterm.
CMP 716
KPIT in news all positive reasons also moving to Midcap.
GNFC very near to the price of 2017#GNFC (CMP 580) operates businesses mainly in the Industrial Chemicals, Fertilizers apart from the small presence of IT services.
Currently very near to the price of 2017 (550 high in 2017).
So much positive for PSUs and fertiliser comp has happened sinc then.
Can be taken with a SL of 540 (on closing basis)
Upside 20-30%
Jindal Steel and Power CnHBO#JindalSteelPower showing a very good CnH formation and very strong BO.
Price is moving ahead of all time high and seems ready for 25% and 35% upside.
Can be added and add more on corrections.
CMP 598
SL 520
Kanoria Chemcals foorming good BO possibility#KanoriaChem Fundamentals improving though still facing high input costs but sales improving and new capacity coming in 2023 with new product.
Can be added for 200/250
SL any fundamental trigger.
Bajaj Hindustan bullish pattern#BajajHind looking very good at 17.15. Today on UC but buy on dips for 20/22/24
SL 14.55
Sugar sector on fire today seems will be on bull move for some time.
ZIM LABORATRIES from Long Term POVCompany has announced bonus @2:1 Record date 22-12-20222. Stock looks good fundamentally with market cap of Rs.550 crores approx. which is undervalued according to me. It can be a good buy around the Demand Zone if the trend confirms to reverse upside from there.
- Company with Low Debt
- Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
- Annual Net Profits improving for last 2 years
- Book Value per share Improving for last 2 years
Good Volume Breakout in JINDAL SAW Stock has given a good volume breakout after consolidating for almost 15 trading sessions. We can considering entering in this sock with 10% of the budget and rest on the confirmation of the trend and Stop loss will be the previous swing.
We can also wait for the initial retracements for entry using Fibonacci levels.
DO COMMENT IN CASE OF ANY CONFUSION
This agri-chemical player at ATH has sector tailwinds in favor!With agrichemical sector on the rise, NACL India formerly known as Nagarjun Agrichem, is a stock worth studying!
The company has delivered 33% CAGR stock price returns and favorable ROCE ~15% (Source: Screener.in)
The stock is trading at all time high levels and worth studying further
Disclaimer: Not an investment advice. Do your own research or consult your financial adviser.
Shree Cement Inverted Head & Shoulder and Wedge PatternShree Cement Inverted Head & Shoulder and Wedge Pattern
How to find the next target and how to analysis near resistance Zone
How to Draw a Trend Line for useful position
How to set target (Resistance) or Support by using Technical indicator
How to use indicator In trading season like Pivot VWAP simple Price Action Theory
#stock #cement #indianstockmarket
Alicon Castaloy retesting the CnH BO levels and gaining momentum#Alicon retesting the CnH BO levels and gaining momentum. CMP 1036 can be added on dips for 1100/1200/1300
SL 975
