CA_Chetanbhasin

CA_Chetanbhasin Updated 

The stock is on a verge of giving Inv H&S breakout neckline resistance is 4920 sustaining above will open for higher targets

CA_Chetanbhasin Updated 

AstraZenecaa Pharma India Ltd is engaged in the business of manufacture, distribution and marketing of pharmaceutical products The company is promoted by AstraZeneca plc, a multinational pharmaceutical and biotechnology company headquartered in England The company offers pharmaceutical medicines under notable brands such as Brilinta, Forxiga, Crestor, Tagrisso,...

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Nifty began the new year on a flat note with mix opinion on valuation, General elections, Lower than estimated Government spending, Higher inflow's in the debt market, etc. Nifty closed 2023 with an average return of 20% registered 8 consequent positive returns. 2024 will likely to be an Year of high volatility or can be called an year of retracement and likely...

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Prince pipe witnessed a fresh breakout. Multiple breakouts on weekly charts (Inverted Head & Shoulder) & (Flag & Pole) Breakout coming after 2021, likely to open for an upside till 1000+ levels

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Infoedge on monthly charts has given a breakout of cup & holder formation. 4692 happens to be a very critical resistance for the stock. Any breakout above 4692 will be a start of an upward rally to 5646 (22% upside). Wherein, the stock may consolidate and start for fresh bullish wave to its previous all time high of 7390 which will also be Target 2, reaching that...

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A global technology company with a proprietary consumer intelligence platform that transforms ads into recommendations helping marketers to effectively identify, engage, acquire and drive transactions with their potential and existing users. The company is into solution like: 1. Data Intelligence 2. Omnichannel for end to end customer journeys 3. Mobile...

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The markets kept up the rally for the third straight week ended November 17 with a 1 percent gain, despite banking and financial stocks being beaten by the Reserve Bank of India's move to raise the risk weights for unsecured loans. Our Analysis on the Risk Weightage on Unsecured Loan: Where central banks are taking a hawkish stance to curb the inflation, seems...

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Where Technically Pharma index is in bullish territory after a small cup and holder breakout. BoFa research also rating buy calls on large cap Pharma companies. One can buy ICICI Pharma ETF!

CA_Chetanbhasin

Dhanuka Agritech Q2 (YoY) Profit up 39.5% at ₹101.8 cr Vs ₹73 cr Revenue up 13.8% at ₹617.9 cr Vs ₹542.9 cr EBITDA up 45.1% at ₹141.6 cr Vs ₹97.6 cr Margin at 22.9% Vs 18% Technically, waiting a closing able 900 for levels 1000+ long term 1500+

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Posted decent Quarterly numbers, Revenue up 11% at Rs 2708.1 Cr. EBIDTA up 15% Rs. 682.7 Cr. Maintaining healthy margin of 25.2%. The stock has been sideways after wave 1 rally post its listing. The stock did a Fib 0.38 retracement and holding on it Symmetrical triangle formation and breakout above 1829 will open the stock for an upside of 1929 followed by 2120,...

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Market- sitting on neckline of 19229. Half H&S pattern is complete. now it will be important to see if we bounce back from these levels may be a relief rally upto the levels of 19500/19780. Sustaining above 19835 will confirm a "W" formation which will be a signal of bullishness. However, dropping below 19229 will open levels for 19000 (phycological support +...

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US TVC:DJI equities extended last week's sell-off on Tuesday after the recent data on consumer confidence and home sales showed the US economy may be finally coming under stress. Federal Reserve continues to affirm its commitment that interest rates will remain elevated for an extended period to manage inflationary pressures maintained hawkish stand and...

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The hawkish tone of the Federal Reserve hinting higher rates next year, aggressive sell-off by foreign institutions broke NSE:NIFTY crucial support of around 19850-19900 Week Ahead Attention will once again shift to macroeconomic data. US, the spotlight will be on the PCE Price Index, as well as personal income and spending data, durable goods orders,...

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Maruti Suzuki holding its technical breakout of Inverted H&S with a delta of neckline is 3000 points. Suggest Suzuki likely to reach 13000 levels in Mid to long term. Backed by positive brokers report “Morgan Stanley gives overweight call on Maruti, says business is turning around on expected lines. SUV mkt share gains, mix improvement & vol recovery are now...

CA_Chetanbhasin Updated 

Paradeep potash on high confidence reversal golden ratio reversal pattern

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Normally the exchange related stock are positive correlated. BSE already at roof. So, the question is can CDSL do the same? Technically 1. CDSL has given a flag & pole breakout on 8th Sep' 2023 after nearly a retracement of Fibo 0.68 2. RSI creeping back to 70 on weekly charts. Thus, showing a very high strength by the bulls 3. Positive MACD with gaining...

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The stock made a double bottom at 279 and now seems getting ready for 1.68 XADCD extension to 460 levels.

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Gail- an integrated natural gas company in India. Owns over 11,500 km of natural gas pipelines, over 2300 km of LPG pipelines, six LPG gas-processing units and a petrochemicals facility. In a way it hold a monopoly power of setting up the natural gas pipelines. Government of India focus on increasing the share of natural gas in the overall energy mix of the...