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Wondersofpc

M_MFIN: Pick for the weekM_MFIN: Mahindra & Mahindra Financial Services Ltd PC-A = PC-B Exactly Same #WondersOfPC Technicals: • Script is respecting the Parallel Channel levels at every levels • Stronger buying volumes • RSI entered in 60 Zone • Relative strength is in Green • Closed strongly above recent high of 235, also the 52 week high • Re traced strongly from the recent low of 176, respecting every levels of Parallel channel • Creating Higher Highs, Higher Lows Levels for positional trade: Entry levels: A full candle above 240 levels will confirm the entry level Until then we might see some time consolidation at 235-240 Target: 1st, 265, then 240 in short run SL: 229, Closure below 229 will invalidate this upside view in short run Next support area will be 210-215
NSE:M_MFINLong
by ChartSarathi
PRINCEPIPE: Strong Breakout with Rounding BottomPRINCEPIPE: Prince Pipes & Fittings Ltd PC-A = PC-B Exactly Same #WondersOfPC Technicals: • Strong retracement from lower support of PC-B • Script is respecting the Parallel Channel levels at every levels • Last candle's close above 580 is conforming the BO for Midline of PC-B • Taller green towers in volume indicating support for stronger breakout, and Rounding Bottom • RSI entered in 60 Zone • Rounding Bottom Pattern Levels for positional trade: Entry levels: Opening above 600, CMP Target: 1st, 640, then 700 SL: 559, Closure below 559 will invalidate this upside view in short run
NSE:PRINCEPIPELong
by ChartSarathi
AJMERA: Higher volumes in support for BreakoutAJMERA: Ajmera Realty & Infra India Ltd PC-A = PC-B Exactly Same #WondersOfPC Technicals: • Script is respecting the Parallel Channel levels at every levels • Last candle's close above 330 is conforming the BO for Midline of PC-B and now moving towards upside of the channel • Taller green towers in volume indicating support for stronger breakout • RSI entered in 60 Zone • Relative strength is in Green Levels for positional trade: Entry levels: Opening above 335, will trigger entry at CMP In my view, May face some resistance at upper line of the PC-B, near 370, good position to add further if volume in support Target: 1st, 415, then 465 SL: 283, Closure below 283 will invalidate this upside view in short run
NSE:AJMERALong
by ChartSarathi
GMDCLTD: Breaking out stronglyGMDCLTD: Gujarat Mineral Development Corporation Ltd PC-A = PC-B = PC-C Exactly Same #WondersOfPC Technicals: • Last candle's close above PC-C with strong green candle • Taller green towers in volume indicating strong built up for breakout • RSI entered in 60 Zone • Relative strength about to be in green zone Levels for positional trade: Entry levels: Opening above 160, will trigger entry at CMP In my view, todays opening above 160 will give the confirmation for breakout Target: 1st, 177, then 195 SL: 149, Closure below 149 will invalidate this upside view
NSE:GMDCLTDLong
by ChartSarathi
APOLLOTYRE: Breakout Strongly APOLLOTYRE: Apollo Tyres Ltd PC-A = PC-B = PC-C Exactly Same The pointing arrows showing how well the script respected the Support and Resistance of the PCs #WondersOfPC Technicals: • Today's candle showing Strength in Bullishness • Taller green towers in volume indicating strong built up for breakout • RSI entered in 60 Zone • Relative strength is in green Levels for positional trade: Entry levels: 305-310 In my view, todays closing above 305 will give the confirmation for breakout, as earlier candles on 8th & 9th Nov have triggered and tested the resistance. Target: 1st, 335, then 365 SL: 289
NSE:APOLLOTYRELong
by ChartSarathi
ESCORTS: Leading to Breakout with strong SupportESCORTS KUBOTA LTD #WondersOfPC Technicals: • Today's candle showing strong support for the Parallel Channel • Taller green towers indicating strong built up for bullish view • RSI entered in 60 Zone • Relative strength green Fundamental News: 21-Nov-22 Escorts reveals mid term Business Plan ICICI Securities on Escorts: -FY28 Guidance to increase export contribution to 15-20% of total sales. -Exports to be up over 6x from FY22 levels. RoCE up from teens to 25-30%. -Targeting ~3X revenue growth over the next 6 years, leveraging the opportunities in the Railway segment. Buy- At levels of 2100 or above Short term target-2370 SL on closure basis- 1994
NSE:ESCORTSLong
by ChartSarathi
MAZDOCK: Strongly up to Breakout or testing stronger ResistanceMazagon Dock Shipbuilders Ltd Slope of PC A1 is exact same to PC A2 And in terms of width, PC A2 is exactly of Half to PC A1 #WondersOfPC Technicals: • Strongly recovered after recent retracement • Crossing strongly recent ATH of 888 • Taller green towers in volume indicating strong bullish view • RSI is in 60 Zone • Relative Strength is in green Levels for position: Entry-After closure above 910 level, enter at green opening on next day (Any strong resistance here may lead to downside till the lower line of PC A1, and then upside) ST Target-1080, then 1200+ Fundamentally strong business, good pick for Long term Portfolio
NSE:MAZDOCKLong
by ChartSarathi
IBREALEST: Re-bouncing from Rounding Bottom plus PC BreakoutIBREALEST: INDIABULLS REAL EST Technicals: • Triggered breakout of PC-A with strong body candle on 18-Nov-22 • Taller green towers in volume indicating rounding bottom • RSI positive divergence • RSI entered in 60 Zone • A Breakout confirming candle will bring Relative strength in positive The 18-Nov-22 candle triggered BO of PC-A though there is a resistance of Midline of PC-B Entry will be after a confirming green candle, closure above 88.50 levels Short term target- 120, there may be some consolidation at 100 levels If market remains strong, good chance we get target of 150 at strong run of 1st target of 120 For positional entry, SL of Closing Basis-74.45 Being at rounding bottom, margin of safety is high, good time to add for long term holding
ILong
by ChartSarathi
RHIM: Towards Breakout from Strong RetracementRHI Magnesita India Ltd PC-A = PC-B #WondersOfPC Technicals: • Recently touched high at Point P1 & went down to Point P2 of PC-A • From P2, retraced strongly and entered PC-B with today's gap up, also crossed midline of PC-B • Taller green towers indicating strong built up for bullish view • RSI entered in 60 Zone • Relative strength is green Fundamentals: It is a market leader for special refractories in India and has many global customers for its international quality products. Future outlook is stronger as company is into high capex and acquisitions for capacity expansion. Recently, acquired Dalmia, unlisted leader in Refactories. As per the management, on Acquired asset: At peak can do revenues of ₹1500cr Margins of 15%-16% by FY24 For RHI Market share goes to 33% Peak net debt will be ₹1300cr Point of caution is for the Capex and acquisitions Debt portion is increased, Debt to Equity is around 1:1, earlier company was DebtFree. Good pick for long term portfolio. Today's move is because of the same reason only. For positional trade: Enter at CMP or on closure basis if today closes above 710, can enter at tomorrow's green opening Short term TGT: 830 and then 925 Positional SL on closure basis: 648 (Bcoz of today's strong move, Sl is at lower levels) Disc: Invested from Lower levels
NSE:RHIMLong
by ChartSarathi
SBCL: Chart update with Split Effect | Happy Diwali 2022!SBCL: Shivalik Bimetal Controls Ltd Stock split on 12-Oct-22 This post is just an update for the Original chart idea published on 10-Aug-22 for Breakout (Linked in description) The earlier BO happened on 10-Aug-22, with Gap up at 485-490 levels i.e. 320-325 levels, Ex-split price From there it went all the way to 760 on 3-Oct-22 i.e. 506, Ex-split price. Now, looking at the chart, We got too quick rally after the PC-A Breakout as stock split news came into picture. Now touching the recent highs, script is in down trend and, It will have some consolidation effect for some more time in short run. PC-B1 = PC B2 B1 and B2 are exactly same in slope and width. Both the PCs B1 and B2 were formed trend for BO of PC-A Also, at the Break out of PC-A at both the times, BO-1 & O-2, candles respected the PC-B1 & PC-B2. #WondersOfPC One my book partial profit say of 20-30% of the holding, and wait for better opportunities to add more. Next support areas: 440, 420 and 390. IMO, if script does not holds and overall market continues to be in red, we may see it at 375-380 levels during Nov End to Dec beginning. If situation becomes favorable from here, a strong close above 475 will be a good level to add more for upward target of 560. My view is bullish on SBCL in long run and I find fundamentals are strong to pick it for PF. Do consider to go through my chart idea of SBCL published on 10th Aug also. (PS- I won't be online, will not post new ideas for coming month, will see you after 16-Nov-22.) Keep studying charts, keep growing and keep your capital safe. Happy Diwali 2022!
NSE:SBCLLong
by ChartSarathi
MAHSCOOTER: Bouncing upwards to Breaking out PCMAHSCOOTER- Maharashtra Scooters Ltd PPFAS has recently added in their portfolio, hence it was in my watchlist. Coming back to charts: PC-A = PC B With the breakout of PC A at 4510, rallied to highs of PC-B, 5245, and retested the support of Midline of PC-B at 4980. #WondersOfPC Today, candle is building strongly, good to enter at CMP of 5175-5185 Coming Target of 6000+, if overall market holds well If market goes red further, candles may not Break out PC-B and may start come down from 5350 only. CBSL will be of 4994 for swing trade. I believe in the studies of PPFAS team, One can go with the this pick for LT portfolio also.
NSE:MAHSCOOTERLong
by ChartSarathi
EASEMYTRIP: Strengthening to BreakoutEASEMYTRIP: Easy Trip Planners Ltd In the chart: PC-A1 = PC-A2 = PC-B1 = PC-B2 #WondersOfPC At the time of breakout of PC-A1, candles consolidated in same PC's, then went down and took support at Point P1, which is mid line of PC-A2 and with that Support it Broke out the consolidation. Now, check the same for PC-B1 & PC B2 We had a good consolidation after the PC-A1 BO, and recently broke down from PC-B1, took support at P2, midline of PC-B2 The chart build up is showing strength, one can add at CMP, If overall market holds strong, we may see levels of ATH 475. For swing trade, CBSL will be of 389 Good pick for travelling and tourism industry exposure in the LT Portfolio
NSE:EASEMYTRIPLong
by ChartSarathi
TATACHEM: Near Breakout, on the way to cross ATH.TATACHEM The parallel channels drew in the chart: PC-A = PC- B PC-C = PC-D All of the four PCs are exactly of SAME width #WondersOfPC At point R, levels of 1180, candles respected the resistance of ATH, and came down towards 1030. There, the candles got strong Support of point S which is the midline of PC-C, and bounce back towards the levels of point R again. Now today we are at the same levels of point R, conforming the BO of PC-C. With this strength, we have a strong view that the candles will cross over the Resistance of ATH, and we'll enter new zone Good time to enter at CMP, we may face some consolidation between 1180-1195, this levels also have resistance of midline of PC-D for swing trade, CB SL will be 1124 Near term target 1260 If view goes wrong, we will have better opportunity to pick more for LT portfolio at 1125, and at every dips. And overall market holds strong from here, we can see stronger Breakout of PC-D
NSE:TATACHEMLong
by ChartSarathi
2
DEEPINDS: PC Breakout with High Volume#WondersOfPC Slope of PC-A1 = PC-A2 And PC-B1 = PC2 This shows DEEPINDS respects Parallel Channel very well With the Breakout (BO) of PC-A1 at 195, price rallied to 277, where it created Highest & Start point of PC-A2 The downtrend from there, Candles remained respected the PC-A2 and price dropped till 177 Now check out this lowest point of 177 was the last support in PC-A1 from where the BO rally started! And similarly in PC-A2 this support of 177 initiated the PC Breakout. Check the Breakout Levels of PC-A1 & PC-A2, both are just same-At 195 !! This Breakout has also taken rally to the levels of 277 with yesterday's closing. Isn't this just wonderful, Just another magical thing of Parallel Channels! Now what I feel, the overall market trend in Apr-22 had impacted the Breakout of PC-A1 and, The bearish view pushed down the script to correction till the magical support of 177. So the current Breakout possesses the double strength to rally further. Also the volumes are just huge, that are strengthening the BO of 245. For swing trade: If opens above mid line of PC i.e. above 268, enter at same levels If opens below the mid line, wait for the support of lower line of PC-B2 Target: 1st level-340, then after some consolidation towards 390 SL:234 If view goes wrong, levels 220 are good support and great opportunity to enter with great RR ratio. DEEPINDS is good pick for long term portfolio, one can add on every dips and BOs as per their RR.
NSE:DEEPINDSLong
by ChartSarathi
ZYDUSLIFE: PC confirming Support for bottoming outPC A = PC B The width of both the channels is SAME #WondersOfPC Today opening above the midline of PC-B is showing the strength for up move and confirming the role of PC-B as Supporting Channel If today script gets strong closure, above midline of 390, we can expect strong breakout for PC-B, upcoming target will be 470 For swing traders, in case okay with the current volatility in the market, can take position at CMP of 395-400 SL will be 378 If your are looking this script as LT portfolio pick, it is good time to add up. Other strong indicators: Volume-Strong green candles RSI-Came over 60 level RS-Become positive
NSE:ZYDUSLIFELong
by ChartSarathi
SBCL: Wonderfully showing link between FA & TAShivalik Bimetal Controls Ltd (SBCL) PC-A = PC-B = PC C The Parallel Channel Broke Out on 1oth Aug 2022, PC-A This Break out lead to other two PCs, PC-B & PC-C, all three of three are SAME in width and Slope. #WonderOfPC The arrows in the chart showing the Support and Resistances where Candles respected the PCs, and showing the strength of it. The recent support at 575 levels came on 27th Sept, the AGM date, this shows there's great & wonderful relation between Fundamental and Technical Analysis. In my opinion, If the overall market doesn't correct more or holds strong here, the breakout is near and will have good upside rally. Good script for LT portfolio.
NSE:SBCLLong
by ChartSarathi
DEVYANI: DIL wala script- Strongly holding SupportDIL-DEVYANI INTERNATIONAL LTD Chart points: PC-A = PC-B = PC-C Are exactly same with width and slope Currently it is strongly holding the support of Mid line of PC-C If Overall market holds here, we can see strong Breakout from PC-C But If market drops further, next support is at the lower line of PC-C Also check out the volume towers, all the tall towers are in green only except for the listing day. Do consider to go through the recent Investor Presentation, points indicating growth outlook and strong Fundamentals. The script is must one in portfolio if you are looking for QSR business pick This is indeed a good pick at every dip in my opinion
NSE:DEVYANILong
by ChartSarathi
2
LALPATHLAB: Bottomed out with strong PC, preparing for BreakoutPC-A = PC-B = PC-C All three Parallel Channels (PC) are just Same in width and slope! #WonderOfPC Except for a one point that PC-A & PC-B were playing the role of Resistance and bring down it to lower levels of 1800, while now PC-C is playing the role of Support and forming showing that script LALPATHLAB is bottoming out and being ready for Breakout. If the overall market holds itself and won't fall further, we have a high chances that LALPATHLAB will give a strong breakout at 2900, & lead it towards the 3500 levels, One can add at CMP levels But if overall market corrects further, be ready script might test lower line of PC-C, it is a good script to add at every lower levels.
NSE:LALPATHLABLong
by ChartSarathi
2