Dharamsi Morarji Chemical Company, DMCC as its well known in industry, is a decades old company into manufacture of sulphuric acid and related chemicals. It is into speciality chemicals and APIs too. Recent quarterly results too give confidence of investment/trade in it. Now the company being listed on NSE too, it is now in the eyes of wider audience. Technically...
JBM Auto, a well known Buses manufacturer n supplier to major metro n tier 2 cities, also venturing into AC/Non AC Electric buses. As Demand grows for electric vehicles, electric buses can't lag behind. Also, the govt is pushing for electric mobility, company is on verge of growth path, which is reflected in charts too. Chart is a classic Cup n Handle pattern...
TCPL Packaging, a Southern India based company, reasonable fundamentals, technicsls too supporting. Breaking out of consolidation, with green volume bars more in height than red volume bars. Good Risk Reward Ratio too. Disc- NO HOLDING. ONLY FOR STUDY PURPOSES.
The stock, National Peroxide, is listed on BSE only. Historically, it's comparatively low volume stock. But, the company has near monopoly in Hydrogen Peroxide market. As for current swing trade set up, the stock after a fairly long downtrend, hovering in and around 1800 to 2200 range till April '20. After that it went into more concentrated consolidation in 1800...
Timken India is a well established MNC. Fundamentally sound n rewarding shareholders. On technical charts, it appears that the price action is getting squeezed between two trend lines. Price very near to All Time High, just ~5% below it. The squeeze is such tight that whenever there's a Breakout on upside, it will be so rewarding to shareholders. My take- Buy...
Singer India is a MNC in textile machinery manufacturer and sewing machine manufacturing & servicing company, also a well known brand for house hold sewing machines. On charts it's forming inverse HnS pattern. The volume, RSI too supportive. As can be seen on charts its on verge of breaking out of a long term price range. On account of revival of textile sector...
SBI Cards, only listed compamy in its space in India, showing a classical text book Cup n Handle pattern. It indicates continuation of previous trend which is UPTREND in this case... The height of Cup is potential target above the neckline. SL, Target mentioned on chart. Disc- Holding this stock in portfolio. Shared study is for education purpose only.
Sandur manganese is a BSE only listed, manganese ore company which is essential raw material for steel products. The weekly chart shows almost near break out levels on price action as well as inverse Head n Shoulders pattern can be seen clearly over a longer period. A near term target of 1400-1450 and a longer term target of 2000++ can be kept in mind. Near term...
A leading chemical manufacturer, with decent fundamentals, shows consolidation on daily charts. Look at levels of 1341 and 1424 as marked on charts. From 17 Feb, its almost 2 months stock is in this narrow range. The fall from highs came at lower volumes and after that this sideways movement. Now the stock seems to pick up and waiting to break the above mentioned...
There's a prolonged consolidation going on in the range 650 - 725, now lows are getting shifted bigher, making a possible triangle breakout. A strong base is getting created, hope it gives decent returns.
NBCC, a PSU construction company, after a long down move, building its steps in ascension.. Main pointer is Price – RSI diversion. 2 Black lines on chart show buying zone and Red line shows SL. Price is above 200 EMA. Govt's boost to construction/infra building post covid augur well for the company too. Do your own due diligence.
NELCO, developing an inverse Head & Shoulders pattern, broke out of a long term resistance/support zone of 205-211, which is the neckline for the Inv HnS pattern too. 230 is near term resistance on way up and 180-85 as support. RSI too is increasing. Today's move gave close above neckline. Retest of this neckline can be an ideal entry point. Targets as 230 – 254...
Sanghavi Movers, a company engaged as infrastructure support system, showing Lower High – Lower Low price action is turning around and surely to make Higher High–Higher Low... And thus an opportunity to get super returns... January close above 142 will open the sky for this stock. The stock is trying to break resistances along the path decisively. 120–142 is the...
Venkys India, chart showing rising wedge pattern, which is considered bearish. Limited upside upto 1830-50 and then a fall till support as shown on chart. First ever bearish chart I'm posting. 😇😅 No advice, Do your own research.
Bhageria industries, a well managed small cap chemical company into dyes, pigments sector, given a nice compression breakout on weekly charts. Retest of breakout level also done. Stock is poised for a big move ahead. RSI too supportive, volume too. 125-130 is now strong support zone.
National Peroxide, monopoly in Hydrogen Peroxide market, from Wadias making compressed triangle pattern on daily as well as weekly charts. Expected a strong breakout. 2130 as first Target, as mentioned on the chart. No recommendation, Do your own study.
Garware Technical Fibres, making a Cup n Handle pattern at the top of upmove is expected to give breakout and reach All Time Highs, once daily close is above 2250. Expected target is 2600-2630. Not a recommendation, Do your due diligence.