Volatility
Alembic Pharmaceuticals ready for a launch✅buy and hold✅
buy @930-38 range
add @ 900
trgt 985-1030-1100+🎯🎯
(period 1-3 months)
why this fall happened ?
there are two major 2 reasons for this fall
first one
🔸profit booking in pharma sector
second one
🔸negative q3 result published.and it's advanced so its fell.
reasons for this buy
🔹anytime we can expect a ride in the stock
🔹chart looks promising
🔹forming ascending triangle
if u are interested in my charts
please 🙏
like🍁comment🍁support
RUCHIRA PAPERS can go 10% UP keep some for dipsafter lockdown bussiness is back on track in short term we way get 10% the stock has been falling since 2018 from a peak of 200 where small caps peaked out in 2018 ,in monthly chart the stock is above 20 day moving average in bollinger bands and in day chart the bollinger bonds are compressing ,perviously it went to 71 so we can expect to break that level this time if breakout happens on the upside ,probability of up is more as small caps are mostly cyclic and boom every 5 years since 2018 we already completed 3 years ,till two more years and nifty is at altime high so large and mid have already grown ,left are small caps we can see the down trend from 2018 is over and now stock is in uptrend in weekly or monthly chart ,lower side support is at 60 second upport at 55(very strong support) based on gap theory(you can see three times gap up or down happend at this level on day chart) and third support at 45 but mostly it may not go threre as it is covid level ,from here there is high probability that it goes up as the long downtrend is over and nifty is about to cross 15000(expected) and if consider 50 DAY MA and 200 DAY MA its an golden crossover so mostly it will go up
in jun , aug , december stock tried to break 71-72 level but could not break now this time it might break , or if the stock gets to 71 we will be still in 10% profit
this is not an investment call just my view and idea trade at your own risk
thankyou for reading
Reliance poised to make a full recoveryReliance poised to make a full recovery
Channel breakout, Bollinger band walk of the upper band, supported by RSI
If it breaks out and sustains above 2034 till day end then next target potentially 2096
*** Purely personal analysis ***
Investment in securities is subject to market risks. Kindly consult your financial advisor before investment
bajaj finserv in oversold range good opportunity to buy we can see rsi near by 40 and mfi below 30(oversold range) ,
in short term we can expect to go to 9300 in long term can go 10000+ as bajaj finserv may get banking license
we can see now price is currently at previous month low(december low) ,and in november also price traded at this range ,actually it is going sideways (consolidating) and bollinger bands contracted and we can clearly see accumulation is happening so can buy now and in short term can expect 9300 ,,,if banking license triggers it might go above 10000+ in long term
in bajaj group if banking license would be given it would be given to bajajfinserv only , and bajaj finserv is an 5 rupee share ,and in last 20-30 years banking license is not given to private compaines which have other businesses as there is rule that companies having other businesses should not be given banking license as they might misuse it for their own businesses lend loans to themselves but now government itself and rbi are coming forward to give banking license promoting banks in remote areas so they have decided to give license to private players and finserv has established all over india and will meet the criteria they are lend loans but if they get banking license they will have huge advantage as they can collect from people and lend loans at higher rates and benefits will come
TATASTEEL - PULLBACK ON LOW VOLUMENSE:TATASTEEL
TATASTEEL OVERALL OUTLOOK REMAINS BULLISH
ON 17TH NOV,PRICE OPENED GAP UP AND FORMED A STRONG BULLISH CANDLE WITH HUGE VOLUME
BUT AFTER THat PRICE STRUGGLED TO MOVE HIGHER,VOLUME ALSO ON DECLINING SIDE
AFTER WHICH PRICE STARTED TO RETRACE ,AT FIRST WITH EXPANDING VOLUME ,THEN ON EXTREMELY LOW VOLUME
THERE ARE TWO POSSIBLITIES,EITHER
>>>>> PRICE GRADUALLY MOVE DOWN ON LOW VOLUME AND TAKE SUPPORT AT 495 -502 ZONE (PREVIOUS GAP) BEFORE MOVING HIGHER (or)
>>>>> PRICE COULD TEST THE RESISTANCE (RECENT HIGH) FOR SOME TIME BEFORE MOVING HIGHER ON VOLUME EXPANSION