Aayush_Rungta

Aayush_Rungta

Sumitomo chemicals is an leading company in Indian Chemicals sector. The quarterly earnings of the company were strong, but due to short term regulatory changes, the share saw a downfall. One of its chemicals ~ 15% revenue had its usage restricted, but the management expects these headwinds to ease in the mid to long run. Overall valuations seem attractive,...

Aayush_Rungta

Berger Paints is a leading Paints segment company in India. After tepid results from Asian Paints as well, the share has seen a fall in prices. It is at 37% discount from High, levels which have been key fibnacci support for it in the past as well. It remains to see if the share can recover from here, or more fall is due. Not an Investment advice, only for...

Aayush_Rungta

Voltas is a well known company in FMEG segment in India. Share Prices are trading at around 35=40% discount from recent high, as a consequence of a slow quarter. Its competitor Havells did not post convincing numbers and its shares plummeted as a result of it. Since the prices are around a strong support region, it remains to see how the price will meander...

Aayush_Rungta

Motherson Sumi is a leading Auto ancillary company. Increasing Topline with reducing Operating Margins led to bottomline contraction, and hence falling share prices, accentuated by the slowdown in Automobile space. With the Auto sector slowly reviving, and a normalish quarter, it remains to see if the price can gather some support here. Not an Investment...

Aayush_Rungta

Muthoot Finance seems poised for some upside here after reaching Trend resistance in weekly along with EMA 100 which has been a strong support. Details explained in the Chart as well. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendation.

Aayush_Rungta

Tech Mahindra is at its previous Trendline resistance zone and it remains to see if it can make it a support now. A breakdown can take it lower to dotted black trend support levels. Considering the strong quarterly results by Accenture as well, and good Margin of Safety here, one can accumulate slowly. PE levels are near historical 10 year levels and a good...

Aayush_Rungta

Borosil is trading at PE of 36, below 10 year Historical PE levels of 45. Strong Revenue and Profit growth with good technical setup. Not an Investment Advice. Only for research purpose.

Aayush_Rungta

Since my last post on Pidilite, showing the trend of -25%/+100%, it has given a bounce of over 12% and with the relaxing crude oil situation, it might be a good time to hop in. Not an Investment advice, only for research purpose.

Aayush_Rungta

Axis Bank is trading at PE of 14, below 10 year Historical PE levels of 18. Strong Revenue and Profit growth with consistent loan book growth. With increasing share of Private banks, and slow calibrated shift from Unorganised to Organised, Axis Ban may be poised for some upside here. Keep a close watch. Not an Investment Advice. Only for research purpose.

Aayush_Rungta

Kotak Mahindra Bank seems poised for an upside after bouncing from key support area. It has reached historical 10 Year PE level of 25-30ish and S2 Fibonacci Pivot as well. There has been consistent topline and bottom line growth, with increasing market share from shift to organized sector. This is not an investment advice. Only for research purpose.

Aayush_Rungta

The chart speaks for itself. S1 seems like a good buying range upon a strong bounce. If S1 breaks, S2 seems like the next best support as per Fib and Price Action as well. RSI has reached 30 in weekly chart showing some MOS. The PE ratio has been high due to fall in EPS this year. However, such setbacks are temporary in nature for a fundamentally strong...

Aayush_Rungta

The chart is pretty much self explanatory. EMA 100 acts as a very strong support. Price has bounced 3 times in the last 3 years including pandemic from EMA 100. Trend Analysis shows Support has been reached based on Black lines drawn on the chart. It can be easily seen that every fall of 25-30% over 6 to 8 months is followed by a 100-125% increase over 2...

Aayush_Rungta

The chart is pretty much self explanatory. LTI seems to be in a good position to buy in dips after heavy discounting by market due to soft quarterly results. Key RSI level and FIbonacci retracement indicate a short term comeback, even if short lived. EMA 200 seems like a good lvl for next dip accumulation. Not an Investment Advice. I am just curious to see...

Aayush_Rungta

I am not sure about taking a long position, given the weak market outlook. Just sharing a few stocks I am keeping a track of which have reached their trendline support and might be a good time to accumulate in piecemeal. DIVISLAB seems to be at its weekly trend support and it will be a key level to watch out for. Not an Investment Advice. I am just curious to see...

Aayush_Rungta

I am not sure about taking a long position, given the weak market outlook. Just sharing a few stocks I am keeping a track of which have reached their trendline support and might be a good time to accumulate in piecemeal. GMM PFAULDR has been in a clear trendline and has reached its support and shown some bounce as well. Not an Investment Advice. I am just...

Aayush_Rungta

I am not sure about taking a long position, given the weak market outlook. Just sharing a few stocks I am keeping a track of which have reached their trendline support and might be a good time to accumulate in piecemeal. Titan is at the minor trendline support and one has to watch out for if it sustains here with EMA 100 Not an Investment Advice. I am just...

Aayush_Rungta

I am not sure about taking a long position, given the weak market outlook. Just sharing a few stocks I am keeping a track of which have reached their trendline support and might be a good time to accumulate in piecemeal. Bajaj Finance has reached EMA 200 from where it bounced previously as well, key level to watch out for imo Not an Investment Advice. I am just...

Aayush_Rungta

I am not sure about taking a long position, given the weak market outlook. Just sharing a few stocks I am keeping a track of which have reached their trendline support and might be a good time to accumulate in piecemeal. Not an Investment Advice. I am just curious to see how it plays out.