FUNDAMENTALS Varroc belongs to auto ancilliary sector. One of the strongest OEM player to ride this bull run on auto sectors. Ready for EV and had rolled out a lot of stuff for 2 wheelers already. Engine Valves, Lighting, Forging, ADAS ; you just name it and they make that. The company is not only catering to Indian markets but have manufacturing setup outside...
GIC RE CMP 235 Has Given A Good Momentum Breakout And Continued It's Upmove. The Base Has Been Setting Well And The Past Resistance Zones Are Been Taken Off With Sustainable Continuous Candles. Expecting A 40% Move Here In Next 12 Months Max For Targets Of 315-330.
Hindustan Aeronautics cmp 3955 has been moving in a range for quite sometime and consolidating. A sustained close above 3975 would trigger next movement for 4300++ from here.
Does It Need Any Explanation? Crossover Of The Horizontal Line Explains The Most Of It. New Targets Of 1380-1430 Approaching.
Post 14 yrs of breakout in 2021 (>273 levels), it has consolidated for nearly 18-19 months in the range of 290-460 and made a double top as well arnd 460 in Oct 2022 which has been taken off today. The volumes were above average since July 2023 indicating a possible move here. Initial targets of 600-620 are approaching #stepup #teekhatrader
CMP 115 A thread on price pattern , expected movement In year 2006 it marked highs of 30.2 and after 8 yrs gave breakout in 2014 post which it gave nearly 4X move in 1 odd year to 115 in 2015. This time again it has Brokeout after 8 yrs in Jun 2023 If the price pattern repeats then a move towards 400 could be seen on the same line and pattern. Said that, the...
CNXPSE or NIFTY PSE - Public Sector Enterprise All of you might be noticing that loads of public sector entities are touching new 52 week highs and even new lifetime highs and commanding a strong uptrend. Rightly so as the wait of around 16 years is worth a really SWEET FRUIT. I was myself never a fan of PSU stocks untill I noticed the changes and strength in this...
Gave a strong breakout after 5+ years (>444) supported with volumes and taking a breather for now before it take another leap. A self explanatory textbook breakout.
Punjab Chem & Crop CMP 870 Retested it's previous base of 725-750 and took a good reversal supported with volumes. This may initially approach for 1250-1450 levels from here and same shall be reviewed again around those zones.
#GE T&D cmp 237 It is part of flagship GE Group. Low market float with 75% promoter holding of group, recent slight increase in FII holding, increasing interest of DIIs that left around 8.1% in the kitty of public holdings. Listed since 2003 on BSE and formed part of NSE in 2016, the scrip has seen recent buying interest with ongoing buzz in the sector. Not great...
BOB (BANKBARODA) has hit new 52 week high and hardly 15% away from it's all time high zones of approx 228. The scrip has taken it's own sweet time and the way it is moving, it reflects a poised action. Expecting this to breakpast its ALL TIME HIGHS and head for 350++ levels. cmp 199
A breakaway gap has been formed and that has builtup right above the shoulder (Head & Shoulder Pattern). Chart is self explanatory, above 600 its all set for 900+++...
TRIL CMP 87.7 Highest monthly closing in this counter was 87.5 and 78.62 in NSE & BSE respectively in Dec 2007. As on date 20th June 2023, we are well above these levels and heading for highest ever monthly closing in TRIL (10 more days to go) All time highs are 93.9 here but if you will witness the volumes and buzz here in last 2-2.5 years then this is just a...
Genus power has been setting up a solid setup wherein the stock has given breakout in April 2022 after almost 14 years and since then consolidated for over 1 year to form base. Now at cmp this has started getting fuel to run further. Targets of 145-160 are unfolding in it.
This scrip is in a beautiful uptrend and consolidated for nearly 2 years. It has given highest monthly close on May 31, 2023. Targets unfolding 4200-4500-5300
BANKNIFTY SPOT CMP 41668 CLOSING RATE AS OF 23 DEC 2022 1. BEARISH ENGULFING AT ALL TIME HIGH (ATH) ZONES if December 31 closing would be below 41552 2. Made doji in weekly charts at the ATH zones followed by a strong sell candle of a fall of 3.6%. 3. Just flirting with trendline on daily charts drawn from initial months of year 2022. Initial signs of disruption...
TALBROS have taken a sharp jump in recent 3months, precisely from December 2021 where it gave a breakout after 4 years at the levels of 355-360. Thereafter it had touched 658 recently and now retracing back to it's breakout levels when it touched 413 in last week. At cmp 460, one could keep it in watchlist and any further retracement towards 365-390 zone, one can...
The scrip has been consolidating well and soon going to enter a congestion zone for an either side move. My bets are on long side with minimum upside of 1680-1720.