CA_Chetanbhasin

CA_Chetanbhasin

Finished my technical forecast in Laxmi organic, the stock has finished its Elliot wave with EMA cross. Thus the stock is giving a buying signal till T1 forecast levels after that due to the high consolidation zone the stock may face a supply till 291 where the stock will find demand zone back till 338 which will be a completion of Inv H&S formation breaking that...

CA_Chetanbhasin

It will be a very busy week with US non-farm payrolls and earnings reports taking center stage. In the US, investors will also be following factory orders, JOLT's Job Openings, and ISM Manufacturing and Services PMI While in India, the week will be dominated by Auto stocks. As we begin the month of August on Tuesday, companies will be reporting their monthly...

CA_Chetanbhasin

Earning season will likely to dominate the market week a head Major US companies, such as Bank of America, Morgan Stanley, Goldman Sachs, IBM, Netflix, Tesla, and Johnson & Johnson will drive the US markets. Indian investor will await the results of top Nifty 50 companies such as HDFC Bank, LTI Mindtree, FMCG Major HUL, Ultratech. On the macro data front US...

CA_Chetanbhasin

After a six-day rally, the market seems to be losing its fizz as indices neared the key resistance levels, FPI flows into Indian equities have turned positive with the change in the macro narrative. After having been net sellers of INR ~520Bn in Jan-Feb 2023 period, FPI flows turned into a net positive, even in the yesterday session FPI net bought in cash...

CA_Chetanbhasin

BEML- Inverted H&S Formation on Monthly charts. This stock Normally test patience- a little overvalued in the valuation norms however, the potential of growth is high. Thus, the targets are 2080/2540 CMF suggest a good accumulation happening at the lower levels

CA_Chetanbhasin

Elliott wave correction done in the stock and the stock seems recovering from the oversold zone 620/635 should be the wave 1 pullback followed by wave 2 rally till 920 levels

CA_Chetanbhasin

Titan Cup & Holder formation neckline of 2800 to sustain for potential 600 points upside.

CA_Chetanbhasin

Greenlam, the stock has given a decent cup & Holder breakout with likely targets ranging to 620+

CA_Chetanbhasin

Strong action in Dhanuka Agritech. Keeping my eye on this stock. Sustaining above 810 will be a good breakout in this stock

CA_Chetanbhasin

Radico Khaithan held it’s symmetrical structure, the stock is likely to touch new highs

CA_Chetanbhasin

US stocks rallied Dow Jones jumping nearly 600 points. Traders welcomed a mixed payrolls report showing an unexpected rise in unemployment and a slowdown in annual wage growth, despite a hotter-than-expected payrolls figure. The data could influence the Fed's decision to pause further rise in rates. US Markets on verge of trendline breakout while Nifty is forming...

CA_Chetanbhasin Updated 

Consol Revenue up 12% YoY at 19695Cr, up 39% QoQ - FMCG segment (Including cigarettes) Witnessed growth of 27% QoQ (Sustained margins of 39%) - Hotel Segment witnessed a jump of 334% in Sales with positive results of 116Cr vs loss of 159Cr previous quarter - Agri Segment witnessed 82% jump QoQ at 7492Cr, cost preassure resulted a bit drop in margins to 4% - Paper...

CA_Chetanbhasin Updated 

Clear impact of lower Mining activities: Counties like Peru, Chile, etc has been strugglish supply side isses. Where on one end Countries like Peru strugling from communist unrest and on the other hand the High interest rate effecting economic slow down thereby Chile's mining activity dropped. same as a case with India. The above is factored in Tega's result...

CA_Chetanbhasin Updated 

Good numbers by SJS: Revenue: 39% up YoY at 103Cr. Flattish QoQ PBT: 70% up YoY at 21Cr. 5% up QoQ Margins: 20% vs 16% YoY EPS: 5.33 vs 3.12 YoY Bullish above 466 for targets of 506, thereafter we might see the stock moving to unchartered territory and for long term targets of 650+

CA_Chetanbhasin Updated 

#Fresh breakout on the charts, the stock is looking positive for targets of 350+

CA_Chetanbhasin Updated 

Natural gas corrected from $9.2/MMBtu to $2.2/MMBtu. The latest EIA report showed US utilities added 75 bcf of gas into storage last week, more than market expectations of a 69 bcf increase, as mild weather kept heating demand low Technically, now Natural gas is forming narrow wedge with some diversions seen in RSI. Despite fundamentally it is negative,...

CA_Chetanbhasin Updated 

A long wait breakout in Datamatics! Flag&pole breakout

CA_Chetanbhasin Updated 

Syrma SGS descending triangle breakout that will likely to take the stock to 324 levels