BIG MOVE CAN COME. BREAKOUT IS PENDING, LEVELS ARE DRAWN ON CHART.
The stock has been making a rounding bottom for about a year now (also the handle of the long term C&H). The setup is a textbook example of a low volume handle, plus the stock is now approaching the breakout point on high volume bars. Caplin point has been a great compounder in the last decade. So it will be on the radar of almost all institutions. I sense some...
Suggested by @monkmaxims Fundamentals: Investment arm of the multi billion kalyani group. It has 3 stocks in its portfolio - Hikal, Bharat Forge and BF Utilities (All kalyani group companies). Net worth is 10000cr and the market cap of this is just 800 cr. It is a biz only investment and it's like a holding company, yet the discount seems huge. The stock had been...
Good amount of accumulation seen over the past 1 year. Corrected on low volumes, rose on increasing volumes. The stock is showing strength with the RS crossover. Shot up post earnings, can go much higher on follow through volumes. Auto and Realty Sector might outperform. Moving along with sector. SL: Depending on your risk appetite: Below Weekly BO Candle /...
Excellent chart, stock suggested by @ravihit957 Seems to be making a good base. Can be bought once it closes above pin bar and 20VWMA (2833). Can be added more when it closes above the Down Trendline, 20SMA and S/R level marked as TGT1 (2950-3000). Wherever you buy, keep a strict SL of 2682. Note: I reserve the right to be wrong. DISCLAIMER: I am not a SEBI...
The stock is forming multiple patterns on weekly as well as daily charts, with good volume inflow. In January it staged a failed breakout, and went down forming a down trending channel of 6 months (also the Handle of the log term C&H Pattern). After yesterday's earnings result, it broke out of the channel, and followed up with great price action and even higher...
The stock is showing some very interesting price action despite the sector being quiet in the last few days. A Gap up opening one day before earnings. Notice the massive volume clusters during the rounding bottom formation. It broke out of long time resistance on very high volume and followed through with absorption volume. Came back on low vol to test the...
The stock attempted couple of failed breakouts in March while being under accumulation on big volume bars. This time around the stock is up on earnings. Along with volume there's big momentum in broader market, Nifty is scaling all time high, sentiment is bullish. We can see a good breakout soon. Moving along with sector. SL: Depending on your risk appetite:...
The stock attempted breakouts in Feb/Mar but could not get follow through volume. Dropped back to 20Wk VWMA, and this time managed to get massive follow through volumes on breakout. The stock is trading at ATH price, so sky is the limit. Nifty is in a definite trend, so this is likely to get good volumes in the coming days. Moving along with sector. SL:...
The stock has been trading in a channel for 6 months. Big accumulation volume bars could be seen throughout the channel. Finally gave a breakout on huge volume. The price has now come back to retest the breakout area. It may take support at the 20VWMA (Green line) and bounce back once the earnings are announced in a couple of days. RSI is above 50, Relative...
Up on earnings. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better....
Hotel sector is on the move. Moving along with sector. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to buy...
Moving along with sector. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the...
Moving along with sector. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the...
Suggested by @Alhad Clean chart with good volume and price action. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many...
Sector on the move. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the...
Sector on the move. The exceptionally high volume bars indicate this is gearing up for for a long run. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM....
Sector on the move. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the...