Get started

Sudhir

Varun Beverages Limited : Good results, BUT technically weak-Q3 results were out today, and looked good prima-facie ! -Technically, Varun Beverages stock prices are trading below all moving averages in daily time, while on weekly also it has resistance around 600 zone. 650 - 670 is strong resistance in VBL. -It has bounced from 20M-EMA once, but if market weakness persists then it may fall down. -With P/E ratio of ~ 71.4 (< 5 year average of 66) the PIIND stock prices need to show consistent performance to maintain it’s P/E ratios. Highly likely that VBL may consolidate again. #stoxsense #VBL
NSE:VBL
by stoxsense
CG Power : Showing signs of reversal#CGpower is showing signs of reversal - will it sustain ? - The volatility in the stock has shot up significantly in past 2 days ! - Technically, the CG Power solutions has given early signs of reversal in weekly charts, with 530-540 acting as support zone, while 640, followed by 680 - 700 will act as strong resistance for Feb series - On the fundamental side, CG Power share price is trading at P/E ratio of ~ 99 (high), and may limit big upside for time being. - Any -ve news can hammer the stock back to 420- 450 zone (series of supports are placed !) #learn_at_stoxsense #Learntradingwithsudhir #StockMarketIndia #Optiontrading #learntrading
NSE:CGPOWER
by stoxsense
ICICI Bank : Good HOLD in current market- Q3 results was good and stock can open with a bounce tomorrow morning. - Technically, it is trading in a downward regression channel, and at 200D-EMA (support), and can give a upside breakout. The zone of 1300-1330 can act as a resistance in short term, while downside seems to be capped at 1000 (worst case) with strong support at 1170-1150 level. - The stock is expensive fundamentally, BUT can remain trading so given improved performance and is one of the safe against market volatility too in short term.
NSE:ICICIBANKLong
by stoxsense
CYient coming to strong support#Cyient share prices are weaker today after results ! - Q3 results today were Not as expected and commentary was not too positive as well. - Technically, is falling with HIGH volumes, and the first bounce can happen from 20W-EMA, and incase of further weakness it can go down to 1250 - 1150 zone (worst case in short term).. - The good part in this stock is that it seems to trade at reasonable P/E ratio and much deeper correction may not happen technically. #learn_at_stoxsense #Learntradingwithsudhir #StockMarketIndia #Optiontrading #learntrading
NSE:CYIENTLong
by stoxsense