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CONCOR: Confluence of multiple Bullish PatternsNSE:CONCOR looks extremely bullish in weekly timeframe. And note: There is a mulling over Govt for the potential disinvestment of CONCOR to reduce Govt shareholding from 55% to 34% and relinquish the management control to strategic buyer(s). Looks like market is factoring that in. There is a 5 years long monthly trendline shown as the green slanted line Then in weekly it creates a confluence of multiple bullish breakout pattens: W pattern, Cup-and-Handle, Ascending triangle - all points bullishness. COI (Cumulative Open Interest) is showing sufficient long build up in Nov contract. One can put a SL of 690 for a target of 785 and 840 thereadfter. Please note: The bullish buildup seems in the anticipation of the disinvestment.
NSE:CONCORLong
by pradipandsuvra
ASTER DM - High conviction callASTER DM - ASTER DM Healthcare's subsidiary acquires additional 2% stake in MEDICARE HOSPITAL. SECTOR - HEALTHCARE CATEGORY - SMALLCAP VOLATILITY - MODERATE RISK 52ND WEEK HIGH = 263.15 52ND WEEK LOW = 158.10 PE RATIO = 23.81 SECTOR PE RATIO = 34.89 High conviction call - Based on Technical(Try to buy small quantity between the buying price and stop loss price) . EMA 9 = 247.16 EMA 20 = 239.76 EMA 50 = 225.53 EMA 100 = 212.15 EMA 200 = 199.74 Kindly consult your financial advisor before investing.
NSE:ASTERDMLong
by ruelfernandes
IndusInd Bank: Weekly chart looks lucrative Note: Weekly Chart: - Rounding Bottom formation completed with 11 months time horizon (blue arch) - Convincingly above long term (3 yrs) downtrend line. (blue solid line) - Cum. Vol delta is positive and in uptrend for last few weeks (below plot) - In a fresh motive Wave-1 in Elliot Wave since July (purple). With a SL of 1150, one can long. For safe trader can create a Bull Call (debit) spread with 1200 CE Buy and 1400 CE Sell (preferably Oct'22 expiry) as it's weekly chart.
NSE:INDUSINDBKLong
by pradipandsuvra
Redington: In Bulls gripRedington: 1. There is a fundamental news that Apple decides to pursue the iPhone manufacturing out of India, I think this news came in morning. 2. After that the prices tried to get a clear breakout, but it just closes at the level of 61.8% Fib at 152.75 (the big wick). 3. The current closing is a fews days of consolidation, breaks above 150 level decisively. 4. It's clearly in wave-3 (2nd impulsive wave) of Elliot Wave. Long can be done above 153 with a SL of 145, targets: 164/173/178. Even this can be hold for longer term, if one wishes so. It has a very low PE (PE of 8) with a good dividend yield and PB is at less than 2.
NSE:REDINGTONLong
by pradipandsuvra
Pidilite: Runaway Bullish formation before 10th Aug ResultsPidilite: Runaway Bullish formation before 10th Aug Results Bullish breakout from a long term rounding bottom formation with very high positive volume. Last 8 trading sessions, it's a runaway green candles and bullish kickers. That's pretty uncommon. A 6months old resistance line is decisively broken this time, after testing thrice. Most likely the Q1 result will be a bumper result (on next Wednesday). Cumulative Open Interest (COI) is pretty high and showing long buildup. OI data is even interesting. 93K Puts are there at 2600, clearly a support. Out of 93K, 39K Puts are added in last week. There are good amount of (36k) Calls are added at 2640. All of those people will be trapped once Pidilite stays above 2640 on next week. Plus: There are 54K calls are written in 2660, out of which 53K is added recently. Support : 2600 (from OI data) Resistance : 2660 (from IO data), 2700(from OI data), 2725 (previous swing high in chart).
NSE:PIDILITINDLong
by pradipandsuvra
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