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
Titan Cup & Holder formation neckline of 2800 to sustain for potential 600 points upside.
Greenlam, the stock has given a decent cup & Holder breakout with likely targets ranging to 620+
Strong action in Dhanuka Agritech. Keeping my eye on this stock. Sustaining above 810 will be a good breakout in this stock
Radico Khaithan held it’s symmetrical structure, the stock is likely to touch new highs
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...
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...
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...
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+
#Fresh breakout on the charts, the stock is looking positive for targets of 350+
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,...
A long wait breakout in Datamatics! Flag&pole breakout
Syrma SGS descending triangle breakout that will likely to take the stock to 324 levels
The stock was in a trading range from quite sometime and now breaking out with cup & holder formation
The stock is on verge of giving breakout of symmetrical triangle. Sustaining above 318 will open for higher targets
Production continues to fluctuate in the high 90s Bcf/d to low 100s Bcf/d as pipeline maintenance events temporarily curb gas flows Preliminary data showed gas output fell to a three-week low of 100.8 billion cubic feet per day on Thursday. At the same time, gas demand is expected to increase from 91.3 bcfd this week to 91.6 bcfd next week as warmer...
The debt ceiling drama continued previous week. Top congressional Republican Kevin McCarthy have reached a tentative deal to raise the federal government's $31.4 trillion debt ceiling. The global equity funds faced $4.14 billion worth of net selling, the sixth weekly outflow in a row, as the US money market funds received $39.89 billion worth of inflows. Week...
Pidilite Ind on daily charts forming cup & holder pattern. The stock maintain support at its long term trendline. Thus, above 2650 the breakout will be confirmed for an upside movement of 150 points.