CannySunny

CannySunny

The stock has been travelling in an ascending channel respecting the borders in 4 previous instances. Within the channel, we have seen how the stock price action has been repeating itself. As the saying goes history repeats itself, this time again the stock has shown strength at the channel support which in my opinion seems to be indicating a possible rally...

CannySunny Updated 

Base -Rally - Base - Rally This is how markets move. Healthcare sector can be a dependable sector for obvious reasons.

CannySunny

A Continuation pattern is being formed. It may take some time to breakout, but it looks certain that when the breakout happens it could fly. Strong ability to service debt as the company has a low Debt to EBITDA ratio of 0.09 times The company has declared positive results in Dec'2024 after 3 consecutive negative quarters PBT LESS OI(Q) At Rs 344.43 cr has...

CannySunny

Simple Chart - Long Consolidation ( Flag Pattern ). Targets could be higher as well but taking it one by one due to overall market volatility. Fundamentally : The company has declared Negative results for the last 7 consecutive quarters PAT(9M) At Rs 724.72 cr has Grown at -20.67 % INTEREST(9M) At Rs 286.57 cr has Grown at 21.09 % ROCE(HY) Lowest at 10.25...

CannySunny

The stock has been a market favorite. Technically it has cooled down owing to the Wave analysis which every stock goes through. Overall the Stock is in Stage 2. The stock is now gearing up to give Range Breakout. On the Fundamental side: - Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 24.14% - Healthy long term growth as Net...

CannySunny

A long multi year consolidation is coming to an end. In turbulent times in the market it is always a good move to fall back on the very safe bets for long term. Fundamentally: - Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 17.23% - Healthy long term growth as Operating profit has grown by an annual rate of 22.46% - The company...

CannySunny

On the larger scheme of this this stock has been beaten down and the trajectory is deep negative. However, in the very short term the stock can correct its trajectory and as a trader one can make use of these opportunities. A volatility contraction has happened forming a base on shorter timeframe. Expecting this stock to perform well over the next 2 days.

CannySunny

The last time I posted the chart, the inverted Head and Shoulder pattern was evident and it had signaled that the downward trajectory has been arrested. However, the analysis was premature and with the very close Stoploss we were safely out of the stock. That is the benefit of having a stoploss. Since then the stock has gone on to form a nice base respecting that...

CannySunny

As you all can see there is a beautiful cup followed by a handle on the Weekly timeframe. After the pattern broke out, the stock managed the market sell off pretty well by retesting its previous supply zone (now demand zone) and maintained the sideways trend without spoiling the pattern. This sudden surge implies that the stock is ready to continue its...

CannySunny

As linked below, the previous analysis of this stock achieved all the targets in 4 months. It also with stood the sell off in the markets and reclaimed its trajectory at the first sign of market reversal. These are traits of strong stocks. Technically in Stage 2, this stock could see even higher targets but lets set targets step by step. Timely profit booking is...

CannySunny

Nifty small cap is at a very good support. This is also in line with a bullish divergence on the RSI which also suggest that a bullish temporary reversal is on the cards.

CannySunny

Looking at the long ascending trend line and the way it has taken support multiple times on the same trend line, I assume that even this time, a reversal is on the cards.

CannySunny Updated 

This has broken out of a box range pattern, signaling a potential trend reversal. Concurrently, it has formed an ascending channel, characterized by higher highs and higher lows. This bullish formation suggests the stock is likely to continue its upward trajectory, offering a promising trading opportunity.

CannySunny Updated 

CarTrade Tech Ltd. is a prominent player in the online auto classifieds space in India. The company operates platforms like CarTrade, CarWale, and BikeWale, which facilitate the buying and selling of new and used vehicles. Market Cap: ₹4,192 Crores P/E Ratio: 133.17 P/B Ratio: 2.27 Debt to Equity: 0 ROE: 3.63% Book Value: ₹442.49 EPS: ₹16 1 Year Return: 48.64% 3...

CannySunny

Company has expertise in finished goods dosage, Active Pharmaceutical Ingredients (API’s) and herbal products. Company also diversified into multiple fields viz., Infrastructure, Printing, Packaging & Stationary, Education, and Media Publication with its every unit as an independent profit earning center Company has 750+ pharmaceutical products with a presence in...

CannySunny

Anticipating a recovery from tomorrow to form a VCP and there by then fill the gap on the upside.

CannySunny Updated 

USD INR chart seems to be ready for a rally. Breakout from the Symmetrical Triangle. Can we see 85 ?

CannySunny

Nothing much to explains . After a rally, a consolidation has been taking place. Looking at the volume I believe the accumulation is almost over and it may soon resum uptrend. Markets are a bit dicey so Stoploss is a must.