Jubilant food:-This reversal can fill your portfolio's hunger!Jubilant food has been underperforming since few years.
Stock has formed strong positive RSI divergence at confluence of supports.
Above 500, reversal will start and above 600 , reversal will be confirmed.
Valuation wise, not a good stock but RSI divergence stock are known to give quick, big moves.
All positional traders shouldn't miss this stock
Volatility
ATH breakoutGood volume buildup in daily as well as in weekly timeframe.
All-time high breakout with good volume buildup and highest volume buildup in the last one year.
But the candle has made long wick, wait for conformation or retest at 3400~3200 zone.
The share price moving in a parallel channel trend after the FII stakes has increased.
Fundamental are good.
FII & DII stakes are increased significantly.
NOTE: I do my analysis, do yours before trade.
bajaj holdings & investments consolidating buying opportunity
->bajaj holdings conatins bajaj finserv,baja auto ,bajaj finance (results on jan 20 2020)where everything hit all time high
->but bajaj holdings still trading below precovid levels still lacking 25% from precovid level of 3900,
->& results are there on jan 21 ,and bajaj finserv might also get banking license mostly the event is expected by jan15,
->if we look at valuations usually any holdings company will trade at 60% of their ture value, even factoring that bajaj holdings should trade at 5000 but still at 3100 (5000 i am expecting based on my analysis of financial report of bajaj holdings and investments 2019-2020)
->fundamentally it is like a mini mutual fund, mainly consists of bajaj group companies mentioned above along with
other companies like
Bajaj Auto Holdings Ltd
Maharashtra Scooters Ltd.
Bajaj Electricals Ltd.
Mukand Ltd.
Hercules Hoists Ltd
Mukand Engineers Ltd
and investments in companies like nse , bse , etc(there many read financial report 2019-2020 to know more )
so i think it is good pick for long term which is also diversified in risk & now the share is consolidating it might breakout in jan itself as other bajaj group companies results are also there in jan and are at all time high ,bollinger bonds are also contracted in day chart,
rsi at 56.8 and mfi 51.1 as of jan 1 2021,
and some analysis i did based on bajaj holdings and investments financial year report 2019-2020 where bajaj holdings holds the following shares
1. Bajaj Auto Ltd. --------> 35.77% (results on jan 21 2020)
2.Bajaj Finserv Ltd. -------> 41.63 (results on jan 20 2020)
3.Bajaj Auto Holdings Ltd.----> 100%
4.Maharashtra Scooters Ltd. ---> 51% (results on jan 18 2020)
so those are bajaj holdings holds the above mentioned % of shares in those companies and those companies results are mentioned above and bajaj holdings result is also there on jan 21 2020
mostly results will be +ve and finance serv banking licence news might also trigger bajaj holdings along with finserv so in short term we may expect 3300-3500 and in long term 4000-5000
dis claimer :- this is not an investment advice just my opinion trade at your own risk ,
thank you this my first idea i am publishing plz support :) if you like it
thanks for reading
jayasurya gunturu
Bombay dyeing- Breakout might be coming soonBombay dyeing is looking strong to give a multiyear breakout.
If breakout is successful, we might see explosive moves in this stock.
Hence, prebreakout entry is always beneficial since we get better risk reward as well.
Medium probable setup and bad technicals of company are red flags which makes this idea more riskier.
Not a recommendation, just a personal opinion.
Data Patterns, a defence and aerospace proxy ready to move?-In a very long base, last time it breakout long base gave 80% move in just 20 days. (always read history of stock how it move, how to form base, how it react to moving averages, how volumes come etc etc)
-from strong sector (sector is always imp as strong sector's stocks move faster)
-Good shakeout and Fake-out also there means kicking weak players by hunting their SLs (stoplosses)
-Inside Bar on latest candle
-Volatility contraction
Paras defence-IHNS pattern formationParas defence is a stock from defence manufacturing sector.
Stock has formed inverted head and shoulders pattern.
Risky traders can enter before breakout for better risk reward.
Stock will fly once the neckline is crossed. Decent stock for long term as defence sector is major beneficiary of India's Make in India program.
Mazdock, setting up again with other defence stocks. -Posted great results. Whole defence sector strong.
-Breakout from long base.
-After 4th July (Election result day) volatility bloodbath, recovered fast n filled that big red candle.
-Tightness
- Lots of white dots (5% move with 1M volume) suggests big institutions are behind the stocks, retailers cant create that much volume.
-Downtrendline tested 3 times.
Wockpharma: DTL BO?-if Nifty Pharma breakout from long Parallel Channel (PC), Wockpharma can be one of pharma companies to perform, as it also forming long base and,
Long Base = Long Breakout .
-DTL BO anticipation (Down Trendline Breakout), tested 4 times but didnt fall with volumes.
-Clearly, Green vol > Red vol
-VCP pattern (15W-22/6-3Ts)
-Earnings due on 28th May
Setup is solid lets see how it work out. Cheat entry (Cheat entry are basically early entry in anticipation of BO) can be around 564ish level BO if day starts with Strong Start (gap up without or barely touching previous day low)
But one should wait for confirmation, if it breakout good then it can be confirmation for other stocks too as there are and always will be many opportunities in the market, only one have to seek.
TRIL, a stock setting up from strong sector.-Strong sector with tailwinds
-After strong move from base:152% in jjust 35 days, didnt fell much.
-Consolidating with tight closes n low vol.
-Strong Relative Strength
-Growth Company: Sales up, OPM improved, EPS growth.
Great Pick, Ready to blast.
OIL india Long Long Oil India 634 SL 620 Swing
I am looking at this stock and the stock has spent a considerable amount of time in the base as shown. I trade with a specific pattern known as volatility contraction pattern. I am expecting a similar moment as shown with the yellow marker. Traders can get in this. I expect the stock to cross 700 next very soon.