BusyBhai

BusyBhai

LICI, is falling crazy along with rain of this year. Shoking thing is that Overall market is strong bullish NIFTY is Only 4.5% down from All Time High. In all Life insurance sector LICI Stock performance is worst. This stock wll soon be added in nifty 50, No doubt about that. Such lagard performance from market leader is not satisfactory. Why Stock is Falling...

BusyBhai Updated 

After split the stock has rallied, almost 12% which now has put the prices at resistance zone (106-110) which was acted as a strong support. The zone is around 106 - 110 -------------------👎🏻👎🏻👎🏻 Some bad about this stock 1) prices trading below 200 day moving average. 2) Price corrected recently 45% which is huge. 3) The volatile metal prices, making business...

BusyBhai

Strength 1) Falling crude prices 2) Book value 86 , good p/b = 1.21 3) Dividend yield 2.88% 4) China product ban in india 5) Overall market is in a bullish mood Note : wait for breakout and a confirmation after that.

BusyBhai Updated 

Head and shoulder is a very popular chart pattern among traders. which is a continuation pattern. Many traders get it incorrectly they try to find Head and Shoulder in an up trend and Inverse Head and Shoulder in down trend , you need to do it correctly for better results. Here I do this analysis in three parts. Step 1 : Previous trend should be bullish for...

BusyBhai Updated 

Nifty Is falling in a fashion that a trend line has formed upside if you can see three exact touches are there. The trend line pushing prices down and on a larger time frame the nifty is in a sideways zone. If we see a breakout than this breakout can initiate a big buying which can push prices upward till all time high and further upside till 19000. It is a...

BusyBhai Updated 

1) Inverse Head And Shoulder pattern 2) Short term trend is bullish 3) Breakout level is crucial 4) Overall Sentiments looks bullish

BusyBhai

The prices are in bearish trend in short term , so plan accordingly. But you need to keep some points in mind for making any decision. +++++++++++++++++++++ Positive Points , as on chart it looks bearish so let us check some funda points. 1) Stock is trading on lower PE than its pears 2) Voltas is a leading company in it's segment 3) Voltas is also have a...

BusyBhai

Patanjali group has acquired Ruchi Soya a debt ridden company for 4350 , when it was in a debt of 12000cr. You will surprise that Adani Wilmer has offered a bid of 6000 Cr for buying Ruchi Soya, but. Patanjali has raised his voice to court arguing that the Adani Wilmar promoters are ineligible to offer bid as per Section 29A of the Insolvency and Bankruptcy...

BusyBhai Updated 

It is important to check swing lows and swing highs for analysing prices for short term trading, this concept of price which tells us that the support becomes resistance after breakdown, can be understood by this chart analysis. But why this happens ? See we often use this concept in our daily trading the logic behind such pattern and price behaviour lies in...

BusyBhai Updated 

From last few trading sessions we are witnessing a big upside rally in broad market. Nifty 50 from low, made on 22 june recovered +7.5%. It is surprising that Nifty's most treatable player not recovered more than 3 % from recent lows. On technical side 1) The inverted flag pattern is showing a short term down trend, 2) Prices are trading below 200 day...